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Lower risk, stress free TDI system

  • #4,501
  • Sep 13, 2016 6:47pm Sep 13, 2016 6:47pm
Quoting Lookleft
{quote} Hi, You have sold directly into resistance. Zoom out and look at you entry line. Price has been rejected around the 1.7700 level 6 days out of the last 9 also look back further and you will see the same thing at the same level. This indicates that 1.7700 is a very strong area. You need price to close above this level for a good entry. Remember the simple saying 'It's price that moves the market not the indicator'
 
many thanks! I managed to close the deal by sl. please tell me where can I find information about the levels of support and resistance?
  • #4,502
  • Sep 14, 2016 1:03am Sep 14, 2016 1:03am
Thank allmfor your help.
I am leaning TMS system.
Any one buy GJ and AJ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AJ.png Size: 710 KB
Click to Enlarge Name: Gj.png Size: 728 KB
  • #4,503
  • Sep 14, 2016 2:31am Sep 14, 2016 2:31am
Quoting nezhkind
{quote} Â many thanks! I managed to close the deal by sl. please tell me where can I find information about the levels of support and resistance?
Hi,
This is a good place to start with the basics
http://www.babypips.com/school/eleme...esistance.html

You can also add this indicator for BRN (big round numbers) and RN (round numbers) which are important S/R areas. You need to configure it to show 00 and 50 levels (no need for other levels on H4)
Attached File(s)
File Type: ex4 BN Levels v1.02.ex4   15 KB | 318 downloads


Remember to zoom out to the default setting to see more and also it will show the true angle of TDI crosses which get flattened if you zoom in.

I'm traveling to the Singapore F1 Grand Prix but I'll try and put some basics together next week.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #4,504
  • Sep 14, 2016 2:40am Sep 14, 2016 2:40am
Quoting yesmanppa
Thank allmfor your help. I am leaning TMS system. Any one buy GJ and AJ? {image} {image}
Better entries
The GBPJPY was what is sometimes called a golden cross with green and red crossing on the yellow.
Now you just have to manage your exits
Never argue with a fool; onlookers may not be able to tell the difference.
  • #4,505
  • Sep 14, 2016 2:46am Sep 14, 2016 2:46am
Quoting Lookleft
{quote} Hi, This is a good place to start with the basics http://www.babypips.com/school/eleme...esistance.html You can also add this indicator for BRN (big round numbers) and RN (round numbers) which are important S/R areas. You need to configure it to show 00 and 50 levels (no need for other levels on H4) {file} Remember to zoom out to the default setting to see more and also it will show the true angle of TDI crosses which get flattened if you zoom in. I'm traveling to the Singapore F1...
excellent posts & info Lookleft - much appreciated ...... whoa! Singapore F1 - have gr8 time
  • #4,506
  • Sep 14, 2016 4:46am Sep 14, 2016 4:46am
Quoting Lookleft
{quote} Better entries The GBPJPY was what is sometimes called a golden cross with green and red crossing on the yellow. Now you just have to manage your exits
Thank for your reply. Now, my trading is losing. (
How place do you know exit trade?
  • #4,507
  • Sep 14, 2016 5:04am Sep 14, 2016 5:04am
Quoting yesmanppa
{quote} Thank for your reply. Now, my trading is losing. ( How place do you know exit trade?
GBPJPY I would have set TP to RN 136.500 as ADR was around 136.700
AUDJPY I would have set to about 77.370 as this is where the daily 10ema is and if you look back price had hesitated there before.
With AUDJPY you where trading against the trend and GBPJPY had no distinct trend so don't expect price to go very far. Trade with the trend and manage your trades and you'll do a lot better.

Edit: Also remember that most JPY pairs are quite volatile and best left until you have some experience.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #4,508
  • Sep 14, 2016 5:47pm Sep 14, 2016 5:47pm
Quoting Lookleft
{quote} Hi, This is a good place to start with the basics http://www.babypips.com/school/eleme...esistance.html You can also add this indicator for BRN (big round numbers) and RN (round numbers) which are important S/R areas. You need to configure it to show 00 and 50 levels (no need for other levels on H4) {file} Remember to zoom out to the default setting to see more and also it will show the true angle of TDI crosses which get flattened if you zoom in. I'm traveling to the Singapore F1...
many thanks! I will learn all the material that you gave me.

In his post # 4,507 you wrote that beginners should not use currency to JPY. You can write what currency to use for people who have little experience in the trade ? Thank you in advance!
  • #4,509
  • Sep 15, 2016 4:35am Sep 15, 2016 4:35am
Quoting nezhkind
{quote} many thanks! I will learn all the material that you gave me. In his post # 4,507 you wrote that beginners should not use currency to JPY. You can write what currency to use for people who have little experience in the trade ? Thank you in advance!
Hi,
I would say stick to the majors EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, EURGBP, EURAUD and USDJPY (the exception to the JPY pairs). These should give you 3 to 5 good trades a week on H4 and they will move slower.
Trade with the trend and you'll have a much higher success rate and you'll also pick up some bounce trades. Always place your TP at a realistic point unless you can monitor your trade every couple of hours otherwise you'll find that you could have banked 50+ pips but price retraced and you made a loss.
Look at where price is and what it is doing then look at the TDI for confirmation, not the other way round.
Above all be patient as most TDI crosses will fail but by applying the basics you'll find the successful trades.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #4,510
  • Sep 15, 2016 8:41am Sep 15, 2016 8:41am
What do people think about USDCAD?

Daily 200SMA has started turning down and its hit 1.32 level which has provided good resistance whilst its been range bound.
  • #4,511
  • Sep 15, 2016 11:43am Sep 15, 2016 11:43am
Quoting Groves
What do people think about USDCAD? Daily 200SMA has started turning down and its hit 1.32 level which has provided good resistance whilst its been range bound.
1.32 bounce but you should post this in a price action thread, no TDI rules etc. Im too late for now but i hope price will go up and bounce back to enter the down trend.
  • #4,512
  • Edited 1:42pm Sep 15, 2016 1:25pm | Edited 1:42pm
Quoting mambomango
{quote} 1.32 bounce but you should post this in a price action thread, no TDI rules etc. Im too late for now but i hope price will go up and bounce back to enter the down trend.
Sorry, TDI cross on the 4H chart stoch at about 50.
  • #4,513
  • Sep 15, 2016 5:38pm Sep 15, 2016 5:38pm
Quoting Groves
{quote} Sorry, TDI cross on the 4H chart stoch at about 50.
but the cross is over the yellow market base line and we are in an (possibly ending) uptrend, its against the rules.
  • #4,514
  • Edited 9:44am Sep 16, 2016 9:20am | Edited 9:44am
Hi all,
Anyone sell GJ - EJ now? I use Method 1
It is true?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2016-09-16_213207.png Size: 575 KB
  • #4,515
  • Sep 16, 2016 10:30am Sep 16, 2016 10:30am
Quoting yesmanppa
Hi all, Anyone sell GJ - EJ now? I use Method 1 It is true? {image} {image}

These don't look like a Method 1 to me at all.

Looking at EURJPY there was a bounce trade yesterday under the yellow line with the stoch at 50 which would be a method 2. (somebody correct me if that's wrong!!)
Attached Image (click to enlarge)
Click to Enlarge Name: bounce.png Size: 5 KB
  • #4,516
  • Sep 16, 2016 11:21am Sep 16, 2016 11:21am
Quoting Groves
{quote} These don't look like a Method 1 to me at all. Looking at EURJPY there was a bounce trade yesterday under the yellow line with the stoch at 50 which would be a method 2. (somebody correct me if that's wrong!!) {image}
It's right, it is method 2 entry.
Yesterday I open two trade on NZD/USD and USD/JPY, following the method 1 on H4 chart. Both fail in stop loss. As Medhy say, The H4 time frame is less accuracy respect to D1 chart. I'm experienced that in my daily trading.

How is your experiences?
  • #4,517
  • Sep 16, 2016 11:53am Sep 16, 2016 11:53am
Quoting Groves
{quote} These don't look like a Method 1 to me at all. Looking at EURJPY there was a bounce trade yesterday under the yellow line with the stoch at 50 which would be a method 2. (somebody correct me if that's wrong!!) {image}
im short on GJ and took the EJ bounce trade. shorting EJ today is too late due to a massive support. i go long on EJ when i see a bounce.

angelus80, you traded into red US news.
  • #4,518
  • Sep 16, 2016 1:14pm Sep 16, 2016 1:14pm
Quoting angelus80
{quote} It's right, it is method 2 entry. Yesterday I open two trade on NZD/USD and USD/JPY, following the method 1 on H4 chart. Both fail in stop loss. As Medhy say, The H4 time frame is less accuracy respect to D1 chart. I'm experienced that in my daily trading. How is your experiences?

Hi guys,

For the last couple of months, I trade both method 1 and 2... What I noticed is : usually the price is going to the adr level and then turns back except when there are red news coming, the price breaks ADR and S/R levels, which is good if you are in the good way....

So the signals are good but the price has already made a lot of pips approaching the adr level so there is not so much room to make a decent profit.

Bottom line, Daily signals should provide better opportunities to make good profits, or..... Trade the 1HR signals which gives you bigger space to reach any ADR level.

I'll try the 1HR chart this week to see how it goes...

Maybe some traders can share their experience on how they manage the 4HR signals.....

Thanks for the comments
  • #4,519
  • Sep 16, 2016 2:45pm Sep 16, 2016 2:45pm
Quoting QuincyJones
{quote} Hi guys, For the last couple of months, I trade both method 1 and 2... What I noticed is : usually the price is going to the adr level and then turns back except when there are red news coming, the price breaks ADR and S/R levels, which is good if you are in the good way.... So the signals are good but the price has already made a lot of pips approaching the adr level so there is not so much room to make a decent profit. Bottom line, Daily signals should provide better opportunities to make good profits, or..... Trade the 1HR signals which...
no indicator system can give you good early entrys. you have to learn price action trading but i can tell you, its psychological hard because you often see what you want and it needs alot of training. this is why i like the TDI system for late trend following entrys.
  • #4,520
  • Sep 18, 2016 7:54am Sep 18, 2016 7:54am
I'm looking for a good dashboard on this strategy. I think several on this thread are using different ones. One of you mentions the 'Angelator'. But I couldn't find the download. Can some of you tell me which dashboard (shows signals on different charts) you're using and tell me where to find the download?
Pictures of what they look like are very helpful.
thank you.
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