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Lower risk, stress free TDI system

  • #4,281
  • Aug 19, 2016 4:01pm Aug 19, 2016 4:01pm
Quoting gditmf9
{quote} Hi everybody! I'm new to this strategy and have the same issue. The "beginning" of Medhi's day is Sydney's open which is 7AM Sydney time which is 5PM my time, EDT. My broker gives a new candle at that precise time but spreads are just crazy!! So I wonder what do you guys on this side of the planet are doing about that? Thanks and happy day to all!
Thanks so much Tekkies, foxtrader16, Kosmo, for replying to my question!!

I'm sorry I could not check in until now.. yes I'm in Canada eastern time ,trying to learn to trade the daily candles.

I wonder then, if I look for setups at 8, should I ignore the current candle (the one that opened a 5 EDT) in the TDI computation to take trade decisions?

For example, if the current candle makes it so that the TDI shows a great rebound, but since the current candle is not closed until tomorrow, it could change direction and the rebound gone..

You see what I mean?
  • #4,282
  • Aug 19, 2016 10:54pm Aug 19, 2016 10:54pm
Quoting gditmf9
{quote} Thanks so much Tekkies, foxtrader16, Kosmo, for replying to my question!! I'm sorry I could not check in until now.. yes I'm in Canada eastern time ,trying to learn to trade the daily candles. I wonder then, if I look for setups at 8, should I ignore the current candle (the one that opened a 5 EDT) in the TDI computation to take trade decisions? For example, if the current candle makes it so that the TDI shows a great rebound, but since the current candle is not closed until tomorrow, it could change direction and the rebound gone.. You...
Hi five fellow Canuck .
Long and short. There is always a setup. If you are sure of your setup by all means it is for you to decide whether to go for a trade.
But here is a basic forex for you. You do not want to trade during times of low liquidity, news events or Brexit types. The spreads will be all over the place.
Also trend is not determined during times of low liquidity.
You will find out that these are the times the brokers want to make some easy coin and do sweeps of the stops.

Green pips to you
Live life king size !
  • #4,283
  • Edited 12:44pm Aug 20, 2016 4:29am | Edited 12:44pm
Quoting gditmf9
{quote}
example - current candle - TDI shows great rebound
current candle is not closed until tomorrow
it could change direction and the rebound gone
(edited)

Your concern is not about time zones, more of when to take a trade or not.
You only take a trade when Green cross Red on that candle and at most the second candle. Candle 3 and more you do not trade.
LookLeft has posted some of the basic rules a few post back and this whole thread is full of them

"current candle is not closed until tomorrow it could change direction and the rebound gone"
For that is Forex - you do not know the future - If you think like that you will never take a trade.

change sentence to:
"current candle is not closed until tomorrow it could keep direction"
Follow the rules, place the order, place PT / SL and be done with it
Wrong in chart reading - SL gets hit
Right in chart reading - PT gets hit
Neither a hit - market is ranging

A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side)
A bounce trade is when green gets close to red but bounces away and the original trade continues are good entries generally.
I always look to the left for a possible res/sup level being near.
If it's close I pass on the trade and go find another
  • #4,284
  • Aug 20, 2016 4:28pm Aug 20, 2016 4:28pm
Hi five too foxtrader

Thanks for the reply!
I find it hard to understand though.. You say don't trade while low liquidity but you start looking for setup at 8 which is (to my understanding) low liquidity up until London open isn't it?

Tekkies, thanks for the reply also!
I was under the impression that for a TDI cross to be valid, it must have happen on a candle that is closed so that the cross is locked (can't change) therefor setup is valid as long as the angle is 12-2 or 4-6 and other forex basic.
I'm I wrong?

Also, I did not know that Medhi's method was implying that the cross must happen on a change of the candle color (red to green for long) I thought it did not matter if we were in a string of gree and a cross happened it was valid. Thanks for clarifying!
  • #4,285
  • Aug 21, 2016 5:39am Aug 21, 2016 5:39am
Quoting gditmf9
Hi five too foxtrader Thanks for the reply! I find it hard to understand though.. You say don't trade while low liquidity but you start looking for setup at 8 which is (to my understanding) low liquidity up until London open isn't it? Tekkies, thanks for the reply also! I was under the impression that for a TDI cross to be valid, it must have happen on a candle that is closed so that the cross is locked (can't change) therefor setup is valid as long as the angle is 12-2 or 4-6 and other forex basic. I'm I wrong? Also, I did not know that Medhi's...
Hi
The easiest way to look at it is when you get a TDI cross and a change of APB color but the APB hasn't closed this is your possible setup. Your entry will be when the next APB opens and meets the basic price action requirements and the TDI is showing you momentum. Entering only on a TDI cross and APB color change without waiting for price to close is a very aggressive method as the APB can reverse before closing.
You will get bounce entries during a move where price has consolidated and the TDI bounce is the continuation signal. However, entering on a cross after more than 3 APB is unwise as you will see that a trade will move on average only so many APB before consolidating depending on the pair you are trading.
Stick to the rules on post #1 and only enter after the cross and the APB has closed with momentum and you'll be good to go.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #4,286
  • Aug 21, 2016 6:51am Aug 21, 2016 6:51am
Allright!! Thanks Lookleft for clarifying!!

Happy week end to all!
  • #4,287
  • Aug 21, 2016 5:15pm Aug 21, 2016 5:15pm
Quoting gditmf9
{quote} Thanks so much Tekkies, foxtrader16, Kosmo, for replying to my question!! I'm sorry I could not check in until now.. yes I'm in Canada eastern time ,trying to learn to trade the daily candles. I wonder then, if I look for setups at 8, should I ignore the current candle (the one that opened a 5 EDT) in the TDI computation to take trade decisions? For example, if the current candle makes it so that the TDI shows a great rebound, but since the current candle is not closed until tomorrow, it could change direction and the rebound gone.. You...
Just to clarify, I mention 8 PM EDT because that is when the Tokyo market opens up and that increases liquidity and volatility.
But of course, you need to look for the moves as discussed in Post # 1 and what some of the experienced poster like Lookleft mentioned.

Since you are still in the stage of understanding may be it will be good to test this out in Demo.
Live life king size !
  • #4,288
  • Aug 21, 2016 8:15pm Aug 21, 2016 8:15pm
Quoting foxtrader16
{quote} Just to clarify, I mention 8 PM EDT because that is when the Tokyo market opens up and that increases liquidity and volatility. But of course, you need to look for the moves as discussed in Post # 1 and what some of the experienced poster like Lookleft mentioned. Since you are still in the stage of understanding may be it will be good to test this out in Demo.
Yes definitely!!
  • #4,289
  • Aug 22, 2016 12:49pm Aug 22, 2016 12:49pm
Quoting sevan62
{quote} Indicator alorithm doesn't change when you change chart TF. It is doing the same thing on H4, D1 or M1 or MN TF. Green/Red Cross/Rebound works the same in Method#1 & Method#2. The difference of Method#1 & Method#2 is only in Stochastic threshold values. For Method#1 it is 20/80 while for Method#2 it is 50. For D1 Mehdi adviced to use stronger Stochastic values (20/80) which are associated with Method#1. For H4 Mehdi allowed to use weaker Stochastic values (50) as well which are associated with Method#2. If you allow weaker (50) Stochastic...
Hey Sven, is there a way to choose which pairs I want to monitor ? If not it'd be nice to add this feature
  • #4,290
  • Aug 22, 2016 1:50pm Aug 22, 2016 1:50pm
Quoting Dridzz
{quote} Hey Sven, is there a way to choose which pairs I want to monitor ? If not it'd be nice to add this feature
Hi Dridzz,
If you want to monitor one or several pairs you may use this indicator which i've created for one instrument, gold, silver, oil etc. You may attach it to one or several charts and it will do exactly what you want. Or you may use indicator controlling all 28 pairs and simply skip the signals from the pairs you dont need.
BR, alex
  • #4,291
  • Aug 22, 2016 5:11pm Aug 22, 2016 5:11pm
Anybody take any trades the last 2-3 days?
  • #4,292
  • Aug 23, 2016 12:15am Aug 23, 2016 12:15am
Quoting pawelhc
Anybody take any trades the last 2-3 days?

Yep, buying nzd/cad.... closed
buying gbp/chf..... selling cad/jpy.... selling cad/chf
  • #4,293
  • Aug 23, 2016 1:06am Aug 23, 2016 1:06am
hi guys...

having some problem....
the indicator giving alarms over and over again up and down bull and bear...
anyone having the same issue ?

plz help ...thanks
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  • #4,294
  • Aug 23, 2016 7:54am Aug 23, 2016 7:54am
Hi guy,
yesterday at 23:00 (London time), I opened a new sell order on silver daily chart, following the original role of mehdi343 relative of "method 1":

1) Stock (14 3 3) under 20 level.
2) TDI bounce with a good angle under yellow line.

The entry is correct?
Do I omit something?
Can you reply Mehdi please?

Thanks a lot.
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  • #4,295
  • Aug 23, 2016 10:29am Aug 23, 2016 10:29am
Quoting QuincyJones
{quote} Yep, buying nzd/cad.... closed buying gbp/chf..... selling cad/jpy.... selling cad/chf
nzd/cad.... hit the take profit
cad/jpy..... BE with profits
cad/chf... stop loss (very bad entry, my mistake)
gbp/chf.... still going up

Today I took the eur/gbp down and the gbp/aud to go up..... Anyone else took those trades on the gbp, something bothering me I don't know what....

Thanks for your comments
  • #4,296
  • Aug 23, 2016 1:48pm Aug 23, 2016 1:48pm
I took yesterday GU on 4H TF. I closed it 12 hrs ago with 80 pips profit.
Attached Image (click to enlarge)
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  • #4,297
  • Aug 23, 2016 2:21pm Aug 23, 2016 2:21pm
Quoting majrou666
I took yesterday GU on 4H TF. I closed it 12 hrs ago with 80 pips profit. {image}

I like that entry.

wish I had seen it myself lol
  • #4,298
  • Aug 23, 2016 2:41pm Aug 23, 2016 2:41pm
Quoting majrou666
I took yesterday GU on 4H TF. I closed it 12 hrs ago with 80 pips profit. {image}
May I ask you why did you close it?
  • #4,299
  • Aug 23, 2016 4:13pm Aug 23, 2016 4:13pm
Quoting sevan62
I hope the latest 1.4 version would reduce the number of questions which Method choice for specific TF. Now Method choice became user friendly. {image} {file} {image}

Hi Sevan62!

I tried your indicator (awesome by the way!! ) but I don't have the same options as you for Method setting..

Attached Image
  • #4,300
  • Aug 23, 2016 4:21pm Aug 23, 2016 4:21pm
Quoting WestVillage
{quote} May I ask you why did you close it?
I moved profit target 3 times. From 30 pips to 50 pips and finally to about 80 pips. I had some time so I watched the price movements on 1hr TF. There was also EMA 200 against me. When price struggled to break ema 200 I closed it manually
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