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Lower risk, stress free TDI system

  • #4,421
  • Sep 7, 2016 2:55am Sep 7, 2016 2:55am
Quoting Hungy1
{quote} Do you mind if I pick your brain a bit? The last big candle that you exited out of, did you intentionally trade into the big red news of USD, (ISM Non-Manufacturing PMI @ 10 am EST) What is your thought process heading into the news with a trade already in the works?
hey Hungy1 - simple - i planned my trade ..... takes around M10 ..... once i spotted & worked my setup i looked @ the fundies & made sure there was noting out of the ordinary [ex - i wouldnt execute a trade on NFP] - the volatility is 2 low for PMI usually 2 cause extra-ordinary event [but it can happen!!!] - i went into the trade knowing full wat was @ risk & i didnt have a problem wit that

IMO indis can help u 2 execute trades but they cant predict wat will happen after u do it - how can they - so u cant worry about it ...... in other words u cant worry wat will happen trade-by-trade casue theres no way 2 know [Mark Douglas 101]

Quote
When you genuinely accept the risks, you will be at peace with any outcome. Mark Douglas
  • #4,422
  • Sep 7, 2016 5:38am Sep 7, 2016 5:38am
Quoting Lookleft
{quote} 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,...
Hi Lookleft..I have been staying away from Forex for a while and now since I have plenty of time I am back in action.
Can you please elaborate how to validate the momentum looking at the TDI?
  • #4,423
  • Sep 8, 2016 2:29am Sep 8, 2016 2:29am
Hello My friends

This is my statement...
3 months,
75 Trades
just Mehdi's Strategy:
http://www.myfxbook.com/members/Niki...street/1643282

Thanks You Dear Mehdi


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Victory Is the Only Thing That Can Keep You Alive...
  • #4,424
  • Sep 8, 2016 2:46am Sep 8, 2016 2:46am
Quoting NikiPink
Hello My friends This is my statement... 3 months, 75 Trades just Mehdi's Strategy: http://www.myfxbook.com/members/Niki...street/1643282 Thanks You Dear Mehdi {image}
  • #4,425
  • Sep 8, 2016 3:10am Sep 8, 2016 3:10am
Quoting NikiPink
Hello My friends This is my statement... 3 months, 75 Trades just Mehdi's Strategy: http://www.myfxbook.com/members/Niki...street/1643282 Thanks You Dear Mehdi {image}
Hey Niki, welldone! are you mainly trading method 1 on Daily?
  • #4,426
  • Sep 8, 2016 3:21am Sep 8, 2016 3:21am
Quoting NikiPink
Hello My friends This is my statement... 3 months, 75 Trades just Mehdi's Strategy: http://www.myfxbook.com/members/Niki...street/1643282 Thanks You Dear Mehdi {image}
superb trading NikiPink
  • #4,427
  • Sep 8, 2016 4:19am Sep 8, 2016 4:19am
GA H4 - would have been better on the 1st entry ...... ok thats the end of the winning streak 13&1 ......
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  • #4,428
  • Sep 8, 2016 4:28am Sep 8, 2016 4:28am
Quoting rabhni
{quote} Hi Lookleft..I have been staying away from Forex for a while and now since I have plenty of time I am back in action. Can you please elaborate how to validate the momentum looking at the TDI?
Hi rabhni welcome back.
You should know better than to have to ask that question
Look at the angle of the TDI cross. On a clock face if the green line is pointing between 12 and 2 for buy or 4 and 6 for sell this is one sign that price has momentum. Another is that the red line moves in the same direction as the green up/buy down/sell and if the red and green lines separate all the better.
If you see a cross with the red line staying flat beware.
Simply put if the green, red and yellow lines are all heading in the same direction and other conditions are met your trade stands a better chance. Remember that the TDI is showing you what price has already done, not what it is going to do.
Good luck with the trading and remember to follow the rules and keep it simple
Never argue with a fool; onlookers may not be able to tell the difference.
  • #4,429
  • Sep 8, 2016 6:47am Sep 8, 2016 6:47am
Quoting Lookleft
{quote} Hi rabhni welcome back. You should know better than to have to ask that question Look at the angle of the TDI cross. On a clock face if the green line is pointing between 12 and 2 for buy or 4 and 6 for sell this is one sign that price has momentum. Another is that the red line moves in the same direction as the green up/buy down/sell and if the red and green lines separate all the better. If you see a cross with the red line staying flat beware. Simply put if the green, red and yellow lines are all heading in the same direction and other...
Thank you Lookleft, I now know that was a stupid question to ask. Let me try some small lots for two weeks before I start with bigger lots.
  • #4,430
  • Sep 8, 2016 6:48am Sep 8, 2016 6:48am
Hi Guys

Can I ask why the stoch is set to 14,3,3 rather than 5,3,3? or is it just Mehdi's preference?

Cheers
  • #4,431
  • Sep 8, 2016 6:51am Sep 8, 2016 6:51am
Quoting rabhni
{quote} Thank you Lookleft, I now know that was a stupid question to ask. Let me try some small lots for two weeks before I start with bigger lots.
You're welcome.
No such thing as a stupid question only stupid answers
Never argue with a fool; onlookers may not be able to tell the difference.
  • #4,432
  • Sep 8, 2016 8:23am Sep 8, 2016 8:23am
Quoting Scrambleguy
{quote} Hey Niki, welldone! are you mainly trading method 1 on Daily?
Thank you.
Yes. just Daily.

because Stochastic works on Daily charts .

This is my profit positions :
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Victory Is the Only Thing That Can Keep You Alive...
  • #4,433
  • Sep 8, 2016 8:24am Sep 8, 2016 8:24am
Quoting Lookleft
{quote} You're welcome. No such thing as a stupid question only stupid answers
Is this a valid entry to go short?
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  • #4,434
  • Sep 8, 2016 8:31am Sep 8, 2016 8:31am
Quoting rabhni
{quote} Is this a valid entry to go short? {image}
There is previous S/R at the 75.50 level and it's against the recent trend (look at the Daily).
Never argue with a fool; onlookers may not be able to tell the difference.
  • #4,435
  • Sep 8, 2016 8:39am Sep 8, 2016 8:39am
Check that the 1Day and the 1Hr are in agreement I dont think they are
why dont you add the TMS Anglealator for quick ref.

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  • #4,436
  • Sep 8, 2016 8:44am Sep 8, 2016 8:44am
Quoting rabhni
{quote} Is this a valid entry to go short? {image}
no, stoch and all tdi lines are over 50. if you want to trade pullbacks you can go short but its a trend continuation system and not a reversal one.
candle sticks tells you the market is in range with a strong resistance. just trade this setups if you are experienced in price action.
  • #4,437
  • Sep 8, 2016 8:49am Sep 8, 2016 8:49am
Thanks LL & Bob4. I used my TMS template and it looks like below.

I see that it is against the Daily...do you ever take a trade against D1 when u use H4?
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  • #4,438
  • Sep 8, 2016 8:54am Sep 8, 2016 8:54am
Quoting mambomango
{quote} no, stoch and all tdi lines are over 50. if you want to trade pullbacks you can go short but its a trend continuation system and not a reversal one. candle sticks tells you the market is in range with a strong resistance. just trade this setups if you are experienced in price action.
Thanks mambo
  • #4,439
  • Sep 8, 2016 9:03am Sep 8, 2016 9:03am
Quoting mambomango
{quote} no, stoch and all tdi lines are over 50. if you want to trade pullbacks you can go short but its a trend continuation system and not a reversal one. candle sticks tells you the market is in range with a strong resistance. just trade this setups if you are experienced in price action.
In the rules there is no need for tdi lines to be above or below 50 just the stochastic. The tdi lines need to cross near or below the yellow line for a sell.
Success means going from failure to failure without loss of enthusiasm
  • #4,440
  • Sep 8, 2016 9:19am Sep 8, 2016 9:19am
From which Mehdi's method this one fell into?

Note: This was the first time I added BRN confluence. Do you have a BRN indicator that works with JPY out there?

thanks
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
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