Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Lower risk, stress free TDI system
{quote} Hi Aqua, Make sure chart alerts is set to 'true' and enter some text (anything) in the email field I have circled. This will become the subject of the email you receive. Make sure email is set up properly in MT4. Good luck Moonie. {image}
:nerd:
{image}- #3,045
- Jun 16, 2016 4:13am Jun 16, 2016 4:13am
2 trades only for me today. I didnt like the price action today, fomc was up and brexit is around to corner, so want to play a little more conservative. {image} {image} {image}
Knowlede and well reasoning for us to become.......................
- #3,046
- Jun 16, 2016 4:19am Jun 16, 2016 4:19am
{quote} IMO big picture views are a must, no matter how you are trading. Naked, mechanical system, oscilator based system etc.. My biggest advice for would be; focus on price action based trading, learn how to spot a trend with only ma, learn to spot supp/ress. After that then you can use any system you want and master it, i can almost assure you thatRemember that ma & oscilator system is based on price action. If price goes down, tdi drops, if price goes up, tdi rise. Tdi just translate price...
will NEVER FORGET THIS ADVICE.....................!!Thx MG
imdi
- #3,047
- Jun 16, 2016 4:25am Jun 16, 2016 4:25am
{quote} it is counter trade[CT] trade so must use faster settings for H4 TF - Mehdi is a D1 trend trader
{quote} Sorry Kain i am so bloody still fast asleep, i could not have taken my 1 hr trade on the daily close, as my 1 hour signal which was great was at three my time this morning
thanks for your feedback,
I also went back and checked some of your post for the past 24 hours, I like the explanation and example you give about price and road blocks. I think something might have finally clicked. I redrew the support and resistance on the usd/chf trade and things make more sense to me now. I have drawn where i had entered and it was just below 1 hour support, which was tested again before price plunged down into the daily support and is now heading back up.
the green lines on my chart are 1 hour support, yellow line overlapping a green line is where there is 4 hour support too. red line is daily support. white vertical line is where the tdi crossed. but stocks was not below 20, the red arrow is where i entered. at this time stocks was below 20 so that is why. i can see that price was below 1 hour support at this point and had a clear road to the red line [daily support]which it has now hit and reacting to.
your explanations are very good.
why is your name not in a colour?
I think perhaps you have slipped under the mods radar
- #3,050
- Jun 16, 2016 4:45am Jun 16, 2016 4:45am
{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 meWhen 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[/highlight]...
top secret revealed............... to find the where the money is................
thx MG
imdi
- #3,051
- Jun 16, 2016 4:50am Jun 16, 2016 4:50am
{quote} Thanks Kain i never really took trading seriously as i worked offshore in the oil industry, so i did join FF many years ago, now the Oil Industry is in the brown stuff no work i have decided to trade seriously, one little tip, when you have a great entry and it goes against you, something made that happen, Volume, Bank Orders, or Support or Resistance or the famous 200 MA, which all traders respect, if you can spot these points you are halfway there, also that little gem of an indi from Money Mike which shows the trend, i only have it showing...
- #3,054
- Jun 16, 2016 5:04am Jun 16, 2016 5:04am
{quote} Hi Merrygold, can you clarify this for me: you want to see 10 ema above or below price depending buy/ sell, on h4 and Daily if trading h1? and same goes for trading h4 you want to see 10 ema above/ below D and W?
When trading 1h, i will have a 40ema on my charts, whitch is the same as 10ema on the 4h chart, and i will have a 240 ema on the chart, which is the same as 10ema on the 1d chart.
When i want an agreement, it simply means, that when the price is below 240ema, it should also be bellow 40ema, if its stuck between thoose 2, then i most go look for another pair.
Trading 1h i dont pay much attention to 1w 10ema
Hope it helps, otherwise let me know:nerd:
MY SITTING, NEVER MY THINKING!
