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Lower risk, stress free TDI system

  • #2,981
  • Jun 15, 2016 4:46pm Jun 15, 2016 4:46pm
Quoting merrygold
Last night i postet my comment on Moonie's NZDCAD short trade, i am happy that it went i profit for him, but please note how to price action reacted when kissing D1 @ 10ema. Pay attention to these kind of levels to filter out ALOT of bad trades. {image} {image}
Merrygold, isn't that the 200ema that's getting kissed on your chart?

Moonie.
  • #2,982
  • Jun 15, 2016 4:52pm Jun 15, 2016 4:52pm
Quoting sjps
1) Trading with News. I know I should not trade right before or after news. But how long before the news should you not trade? If I get a promising setup with a critical news item coming in 3 hours, do I trade it or do I leave it?
2) If I have an open position that has not made profit before market close, do I leave it open overnight and hope for the best the next morning at open, or do I close it? If the position has a small profit just before market close, should I close it or leave it?
3) Can I trade all legitimate crosses on my chosen TF or...
1) i personally avoid every crossing when a currency has red news coming at that day or at least at london session. I learned this the hard way ^^
2) When your trade is in D1 or H4 i would say yes. When its a H1 trade you should check the higher TFs if your initual setup is still valid. Its pretty much a situational thing.
3) The more TFs show great setups the better is your probability of a winning trade. When price just broke through a big resistance or something like that and H1 setup is great i just check if H4 or D1 are "okay" meaning not pointing into opposite direction. When it gets a little difficult to decide, i like to see where the yellow line (market base line) is going. If its coming from over 68 or under 32 often times price gets good movement. If its flat and/or around 50 level thats a bad sign.
4) Yes and no, its also a situational thing. Personally i have a green level where i go with my 100% lotsize when the tradesetup is really promising. the yellow level is when its kinda "okay" i go 50% of my lotsize and the red level is obviously an avoid. But you have to figure that by yourself how much risk you want to take i guess.

In general you have to just play the system. Try it out (micolot or demo would be good in the beginning) and learn by failure. Just test everything that comes to your mind, and most importantly look back at your trades at the end of the day or at the weekend and often times you can see things very clearly that werent so visible while being in actionmode

hope i could help a bit and sry for my crappy english
  • #2,983
  • Jun 15, 2016 4:55pm Jun 15, 2016 4:55pm
Quoting Moonie
{quote} Merrygold, isn't that the 200ema that's getting kissed on your chart? Moonie.
Nope, its 240 ema for replicate D1 10ema on 1h charts :nerd:
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MY SITTING, NEVER MY THINKING!
  • #2,984
  • Jun 15, 2016 4:56pm Jun 15, 2016 4:56pm
Quoting TheCrusade
{quote} 1) i personally avoid every crossing when a currency has red news coming at that day or at least at london session. I learned this the hard way ^^ 2) When your trade is in D1 or H4 i would say yes. When its a H1 trade you should check the higher TFs if your initual setup is still valid. Its pretty much a situational thing. 3) The more TFs show great setups the better is your probability of a winning trade. When price just broke through a big resistance or something like that and H1 setup is great i just check if H4 or D1 are "okay" meaning...
MY SITTING, NEVER MY THINKING!
  • #2,985
  • Jun 15, 2016 5:05pm Jun 15, 2016 5:05pm
any thoughts about the d1 bounce just happening?

I think when london session starts tomorrow and candles managed to close above 0,91000 H4 and H1 long setups could be worth taking

medi himself would just jump in i guess.. but tonight will be news for both currencys

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  • #2,986
  • Jun 15, 2016 5:09pm Jun 15, 2016 5:09pm
Quoting TheCrusade
any thoughts about the d1 bounce just happening? I think when london session starts tomorrow and candles managed to close above 0,91000 H4 and H1 long setups could be worth taking {image}
Definitely watching that.. soon as it breaks that resistance i will be in
  • #2,987
  • Jun 15, 2016 5:09pm Jun 15, 2016 5:09pm
Quoting TheCrusade
any thoughts about the d1 bounce just happening? I think when london session starts tomorrow and candles managed to close above 0,91000 H4 and H1 long setups could be worth taking {image}
Agree, if it breaks @ 0.91xx it would be worth looking for
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MY SITTING, NEVER MY THINKING!
  • #2,988
  • Jun 15, 2016 5:20pm Jun 15, 2016 5:20pm
Quoting merrygold
{quote} Nope, its 240 ema for replicate D1 10ema on 1h charts :nerd: {image}
Ah right, got it. Cheers buddy.
  • #2,989
  • Jun 15, 2016 5:32pm Jun 15, 2016 5:32pm
Quoting merrygold
{quote} Nope, its 240 ema for replicate D1 10ema on 1h charts :nerd: {image}
Hey Merrygold can you explain this 240 ema = 10ema on the H1 chart!
I have seen you post before but don't quite understand it.
Thanks!
  • #2,990
  • Jun 15, 2016 5:43pm Jun 15, 2016 5:43pm
Quoting MoneyMikeFx
{quote} Hey Merrygold can you explain this 240 ema = 10ema on the H1 chart! I have seen you post before but don't quite understand it. Thanks!
Sure

Lets say you have a chart, where you want to use 10ema (Just like this case, haha). You place 10ema on the 1h chart, to show 1h hour trend. Instead of switching timeframe, to see the 10ema price on other timeframes you can just multiply the ema period with the timeframe you wish.

1H chart

1H @ 10ema = 10
4H @ 10ema = 40 (10x4((For 4h chart))
1D @ 10ema = 240 (24H in a day) 24x10=240

And the math goes on.

This is useable for any ma period, regardless of timeframe, apply to settings, and method


Hope it helps a bit, otherwise please let me know
MY SITTING, NEVER MY THINKING!
  • #2,991
  • Jun 15, 2016 5:50pm Jun 15, 2016 5:50pm
Quoting TheCrusade
any thoughts about the d1 bounce just happening? I think when london session starts tomorrow and candles managed to close above 0,91000 H4 and H1 long setups could be worth taking medi himself would just jump in i guess.. but tonight will be news for both currencys {image}
Please close above, and dont use all adr before LO
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MY SITTING, NEVER MY THINKING!
  • #2,992
  • Jun 15, 2016 5:59pm Jun 15, 2016 5:59pm
Quoting MoneyMikeFx
{quote} Hey Merrygold can you explain this 240 ema = 10ema on the H1 chart! I have seen you post before but don't quite understand it. Thanks!
In some of my previous post, i wrote that i like to scalp 1m.
Scalping the 1m i use 89ema to find the trend, but i always want to pay attention to the 89ema @ 15m timeframe.

1m = 89ema
15m = 1335ema (89 X 15 = 1335)

The only thing relevant in this post, is the way ma is calculated.

Hope you can use it
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MY SITTING, NEVER MY THINKING!
  • #2,993
  • Jun 15, 2016 6:11pm Jun 15, 2016 6:11pm
Quoting merrygold
{quote} Sure Lets say you have a chart, where you want to use 10ema (Just like this case, haha). You place 10ema on the 1h chart, to show 1h hour trend. Instead of switching timeframe, to see the 10ema price on other timeframes you can just multiply the ema period with the timeframe you wish. 1H chart 1H @ 10ema = 10 4H @ 10ema = 40 (10x4((For 4h chart)) 1D @ 10ema = 240 (24H in a day) 24x10=240 And the math goes on. This is useable for any ma period, regardless of timeframe, apply to settings, and method Hope it helps a bit, otherwise please...
Very nice Merrygold.
So you use this ema to determine trend or do you use it for s&r levels?
  • #2,994
  • Jun 15, 2016 6:23pm Jun 15, 2016 6:23pm
Quoting MoneyMikeFx
{quote} Very nice Merrygold. So you use this ema to determine trend or do you use it for s&r levels?
I use it for both. In general i use 10ema to look for short term trend. When trading 1H i mainly look for 4H @ema and D1 @ema.
What i look for is a agreement in price on both higher timeframes ema, and with a slope, no flat ema for me

When thats done, i will look for previous peak in price, so i dont trade against double buttom / top & i look for brn in the near price field.

on my 1h chart the only ema i have is 40 (4h) and 240 (D1) i dont use the 1h ema, because when there is a agreement with 4h & d1, they will often pull 1h ema in the same direction as them.

Also look for bounce on 40ema (4h @ 10ema)

All this may seem very confusing, but once its in the head, its really simple.

Let me know if you got any questions
MY SITTING, NEVER MY THINKING!
  • #2,995
  • Jun 15, 2016 6:37pm Jun 15, 2016 6:37pm
Quoting TheCrusade
any thoughts about the d1 bounce just happening? I think when london session starts tomorrow and candles managed to close above 0,91000 H4 and H1 long setups could be worth taking medi himself would just jump in i guess.. but tonight will be news for both currencys {image}
​The D1 will be a bounce only if the new daily candle closes higher tomorrow. Not confirmed yet. For D1 trade.
  • #2,996
  • Edited 7:10pm Jun 15, 2016 6:40pm | Edited 7:10pm
ok here's a trade i just got into on usd/chf h1, the tdi had crossed below the yellow and 50, but the stocks was not quite at the 20 yet. a few candels later the stocks had reached 20 and price was at the same place so i thought it would be ok to enter on h1, at the time we had just had a bearish candle on h4 which seemed encouraging. also a h4 cross had just appeared on h4 too which is encouraging. the overall trend on d1 is bearish and there is daily resistance coming up soon. the atr is 55, my sl and tp are 25 [50 is too much!], the pair had moved 10 pips when i started my trade so it still can reach target.


eur/usd seems to be rising on the h4, but is currently experiencing resistance at the 200 ema. I only realized this after i got into the trade, whoops.


merrygold and others, is my trade likely to succeed



edit: decided to get out. I remember someone saying pay attention to eur/usd and i don't like where it's at right now
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  • #2,997
  • Jun 15, 2016 7:12pm Jun 15, 2016 7:12pm
Quoting merrygold
{quote} I use it for both. In general i use 10ema to look for short term trend. When trading 1H i mainly look for 4H @ema and D1 @ema. What i look for is a agreement in price on both higher timeframes ema, and with a slope, no flat ema for me When thats done, i will look for previous peak in price, so i dont trade against double buttom / top & i look for brn in the near price field. on my 1h chart the only ema i have is 40 (4h) and 240 (D1) i dont use the 1h ema, because when there is a agreement with 4h & d1, they will often pull 1h ema...

sounds interesting merrygold. please post a chart if you take a setup using these methods
  • #2,998
  • Jun 15, 2016 8:50pm Jun 15, 2016 8:50pm
Quoting kain775
ok here's a trade i just got into on usd/chf h1, the tdi had crossed below the yellow and 50, but the stocks was not quite at the 20 yet. a few candels later the stocks had reached 20 and price was at the same place so i thought it would be ok to enter on h1, at the time we had just had a bearish candle on h4 which seemed encouraging. also a h4 cross had just appeared on h4 too which is encouraging. the overall trend on d1 is bearish and there is daily resistance coming up soon. the atr is 55, my sl and tp are 25 [50 is too much!], the pair had...
Your set up is good on H1 but you H4 cross happened above the yellow TDI line.
Also the time of day is not ideal since both pairs are closed so volatility is very low at this time.
You also have like 4 or 5 day of consolidation ranging market with no sense of direction.
Notice how the TDI is riding along the 50 level intertwined, this is a ranging market.
Remember we need trending markets either up or down to jump in for the ride.
  • #2,999
  • Edited 9:11pm Jun 15, 2016 8:57pm | Edited 9:11pm
Quoting merrygold
{quote} I use it for both. In general i use 10ema to look for short term trend. When trading 1H i mainly look for 4H @ema and D1 @ema. What i look for is a agreement in price on both higher timeframes ema, and with a slope, no flat ema for me When thats done, i will look for previous peak in price, so i dont trade against double buttom / top & i look for brn in the near price field. on my 1h chart the only ema i have is 40 (4h) and 240 (D1) i dont use the 1h ema, because when there is a agreement with 4h & d1, they will often pull 1h ema...
Thanks Merrygold will check it out looks interesting...

When you mention agreement you mean that the 40ema and 240ema are trending in the same direction.
And are you in the H1 to fill your orders?
Once you have all these lined up What would be your entry and exit criteria?

Sorry for all the questions, very curious right now!
  • #3,000
  • Jun 15, 2016 10:31pm Jun 15, 2016 10:31pm
Red news announcements all day basically for all pairs except EUR & CHF!
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