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Trading Made Simple for Day Charts

  • #2,421
  • Dec 24, 2016 8:53pm Dec 24, 2016 8:53pm
Next week plan for AUDNZD SELL @1.0440

1- APB change colour.
2- TDI cross down
3- Price close under prev Fractal

Is it too late to entry next week?
Attached Image (click to enlarge)
Click to Enlarge Name: 20161224-AUDNZD DAILY.jpg Size: 108 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,422
  • Dec 25, 2016 1:44am Dec 25, 2016 1:44am
Quoting Bluesky8635
{quote} Sorry for my poor english. I see there are three MA in your picture. can you tell me what your set these MA? Thanks for your reply. {image}
The MAs are from the original-Setup from Britpip7.
You will find it here:

http://www.forexfactory.com/showthre...55#post8227655
  • #2,423
  • Dec 25, 2016 1:52am Dec 25, 2016 1:52am
Quoting Bluesky8635
Next week plan for AUDNZD SELL @1.0440 1- APB change colour. 2- TDI cross down 3- Price close under prev Fractal Is it too late to entry next week? {image}
Looks good with your settings, but in my opinion please use the template from britpip so we will speak the same "language"/setups,
on my screen with AUDNZD I see in the moment no strong cross, maybe tomorrow, and TSL is not looking downward. But the reversal formation on "normal" candlesticks looks good imo.

I think the demand/supply zone could be to near to entry, we will see tomorrow

regards
  • #2,424
  • Dec 25, 2016 8:10pm Dec 25, 2016 8:10pm
Quoting Britpip7
{quote} The TDI cross at day close and an ATR7 = 173 did not trigger a sell, so currently no trade action. GB election on Thursday, so this could go anywhere if the outcome is not decisive - currently the polls have it pretty even, so there may be a play for a coalition. Both main parties claim they will announce victory if the have the most seats, but that usually does not end well! {image}
Hi, anyone. Why ATR7=173 did not trigger a sell ? who can explain this one. Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily 5-6-2015.png Size: 54 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,425
  • Dec 25, 2016 8:15pm Dec 25, 2016 8:15pm
Cause its xmas rime lol
  • #2,426
  • Dec 25, 2016 8:18pm Dec 25, 2016 8:18pm
Quoting Bluesky8635
{quote} Hi, anyone. Why ATR7=173 did not trigger a sell ? who can explain this one. Thanks. {image}
oh and your charts too complicated go back to post 1
  • #2,427
  • Dec 26, 2016 12:35am Dec 26, 2016 12:35am
Quoting Bluesky8635
{quote} Hi, anyone. Why ATR7=173 did not trigger a sell ? who can explain this one. Thanks. {image}
Please re-read post 1, Britpip7 uses stop-orders, and this order wasn't filled. Because he puts the order into the market when the candle closes, he puts the order 10-20 pips under the second red candle. So does the price go under it?
  • #2,428
  • Edited 4:32am Dec 26, 2016 3:37am | Edited 4:32am
Quoting Deichkind
{quote} Please re-read post 1, Britpip7 uses stop-orders, and this order wasn't filled. Because he puts the order into the market when the candle closes, he puts the order 10-20 pips under the second red candle. So does the price go under it?
Hi, T.
Why not put the order under the first red candle? It look like the first red candle follow Britpip's entry rules.
1- APB change color
2- PA move strength , closed below 100ma and 7ma, not near 200Ema
3-TDI cross within the last 1 or 2 candles and moving down from the 68 region
If put the order under the first red candle 10-20pips, he will entry the trade.
sorry for my understanding and thanks for reply.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,429
  • Dec 26, 2016 7:20am Dec 26, 2016 7:20am
Hi Blue,

first britpip7 waits of the candle closes, second I think he waits for the the 2nd red candle to get a clear cross and third he waits for the TSL to points south/down, then he puts his stop order into the market. ok, and fourth I think Supply/demand will be to near.

I'm searching the Setups with the method of Britpip, but then I will switch down to H4 and set their my Stop-Order and the SL to get an better R:R, cause of the smalller SL. But this will my own way to handle my trades. We will here discuss the Setups the way Britpip has done it

regards
  • #2,430
  • Dec 31, 2016 9:31am Dec 31, 2016 9:31am
Hi, all
I entry sell this Currency pair AUDNZD last week.
1# 2016/12/27 Day chart entry @1.043, SL @1.0505, TP @1.0255. Mannul exits @1.0377
2# 2016/12/28 H4 chart entry @1.0423, SL @1.0450, TP @1.0380. reach tp exits @1.0380
3# 2016/12/29 sell stop @1.0355. deleted
See attach. What do you think about my exits? should i continue hold the 1# order?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD 20161228 Exit.png Size: 40 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,431
  • Dec 31, 2016 10:21am Dec 31, 2016 10:21am
Quoting Bluesky8635
Hi, all I entry sell this Currency pair AUDNZD last week. 1# 2016/12/27 Day chart entry @1.043, SL @1.0505, TP @1.0255. Mannul exits @1.0377 2# 2016/12/28 H4 chart entry @1.0423, SL @1.0450, TP @1.0380. reach tp exits @1.0380 3# 2016/12/29 sell stop @1.0355. deleted See attach. What do you think about my exits? should i continue hold the 1# order? {image}
whats about the slope of the TSL?
  • #2,432
  • Edited 5:22pm Dec 31, 2016 11:00am | Edited 5:22pm
Quoting Deichkind
{quote} whats about the slope of the TSL?
Hi,Deichkind
The current slope is 1.0.
I use the template what you mentioned. and the tmstdi_watchdogs sets is 13,0,34,3,0,8,0. Is that right?
thanks for your reply.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd 20161228.jpg Size: 100 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,433
  • Jan 1, 2017 5:33am Jan 1, 2017 5:33am
Quoting Bluesky8635
{quote} Hi,Deichkind The current slope is 1.0. I use the template what you mentioned. and the tmstdi_watchdogs sets is 13,0,34,3,0,8,0. Is that right? thanks for your reply. {image}
TDI has the right settings.

But my question was about when the TSL says to you to sell? You don't use Stop-Orders on all trades, why?
  • #2,434
  • Jan 4, 2017 10:40am Jan 4, 2017 10:40am
Today a little bit lately I took 3 Pendings on AUDJPY and EURAUD, nice crosses and TSL move into favourite direction, next supply/demand will be is sufficiently far away, trades goes away from EMA200, AUDJPY is in a good uptrend and EURAUD maybe in a downtrend/range, also Ihave EURNZD on my view/pending, but it's not my favourite

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY.JPG Size: 126 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.JPG Size: 138 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD.JPG Size: 135 KB
  • #2,435
  • Edited 7:31pm Jan 8, 2017 5:50pm | Edited 7:31pm
Quoting Britpip7
Some more hindsight analysis on the EUR/NZD, which can give some huge pip yields if you have the patience. The Charts are intended as a training exercise so that you can run backtesting and experiment with the add-on approach to maximize the pip yield. (not sure what happened to Chart #3 in this series - lost in space ) Chart #1 Further Analysis of EUR/NZD Day Entry Initial heads up as the up trend stalls and sets a second Fractal with a lower high Large wick / small body is another heads up on the final white APB Colour...
Hi, everyone
On this example, my questions is:
1- what is the Money Management Strategy? how to calculation the Add-on orders lots?
In the #1 post, Britpip7 said he trade 3% of his account. That means he trade 3 orders at the same time and 1% per order(so total is 3%) and first order's TP is 1.5X ART(7), second order's TP is 3XATR(7), let third order run. Is right?
2- How to judge a trend and can we against the trend?
On the Chart #1, the bar is upon 200EMA, the pre trend is uptrend, but Britpip entry the trade when the price is retracement.
How to explain?
3- How to exit?
Can share yours exit strategy?
Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: eur nzd chart #1.gif Size: 31 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,436
  • Jan 9, 2017 3:05am Jan 9, 2017 3:05am
Quoting Bluesky8635
{quote} Hi, everyone On this example, my questions is: 1- what is the Money Management Strategy? how to calculation the Add-on orders lots? In the #1 post, Britpip7 said he trade 3% of his account. That means he trade 3 orders at the same time and 1% per order(so total is 3%) and first order's TP is 1.5X ART(7), second order's TP is 3XATR(7), let third order run. Is right? 2- How to judge a trend and can we against the trend? On the Chart #1, the bar is upon 200EMA, the pre trend is uptrend, but Britpip entry the trade when the price is retracement....
Hello,

@1: you are right, he uses 1% per Trade, but thats a personal thing how much you will risk and how much you can, how much risk can you take mentally?

@2: thats up to you to trade against the trend, for me I take it that under ema 200/100 only short and vice versa, between no trade. And I'm looking for higher highs/ Lower Highs and vice versa

@3: First I've TP at fixed points, but I close trades also on supply/demand-zones and when TSL will go against/flatten out

regards
  • #2,437
  • Jan 10, 2017 11:31am Jan 10, 2017 11:31am
Quoting Deichkind
{quote} Hello, @1: you are right, he uses 1% per Trade, but thats a personal thing how much you will risk and how much you can, how much risk can you take mentally? @2: thats up to you to trade against the trend, for me I take it that under ema 200/100 only short and vice versa, between no trade. And I'm looking for higher highs/ Lower Highs and vice versa @3: First I've TP at fixed points, but I close trades also on supply/demand-zones and when TSL will go against/flatten out regards
Hi, D
1- Is the Add-on order 1% risk too?
2- what do you think about below trade?
Thanks for your reply very much.
regards
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD TMS D 20170111.jpg Size: 227 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,438
  • Jan 13, 2017 3:31am Jan 13, 2017 3:31am
Quoting Britpip7
{quote} Weekly charts take a while to reverse and generate a TDI cross, the weekly will typically lag the day chart by a few days. For reversals, you could wait for the APB/HA bar to change colour before verifying on the Day chart, but you will miss out on the earlier day chart entries. I prefer to operate mainly on the day charts and use these to judge the trend - you can still take the weekly charts for setting the S/R levels and these often provide a good signal for reversals. If you have a strong weekly trend, then a day reversal is often a...
Hi, guys

Britpip often mentioned RSI(10). But he didn't add RSI(10) to indicator windows2, he only added RSI(10) values to indicator windows 1.

So how to see whether RSI(10) is move in the same direction?
Attached Image (click to enlarge)
Click to Enlarge Name: TDI - RSI and TSL moves.png Size: 61 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,439
  • Jan 15, 2017 11:34pm Jan 15, 2017 11:34pm
Hi, mates

See attach. Do you think this is a chance?

What about your opinion?

regards.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY Daily Chart 20170116.jpg Size: 179 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,440
  • Jan 16, 2017 2:35pm Jan 16, 2017 2:35pm
Quoting Bluesky8635
Hi, mates See attach. Do you think this is a chance? What about your opinion? regards. {image}
for me I won't take this setup, for me it's against the trend, I'm only trading away from the Ema 200, could also be ranging now, look for a strong PA to get out of the trouble, there are much little candles. I think you have to wait for a much better entry. I thin there could be nice entries in the next days on AUDUSD, NZDUSD, AUDCAD

I'm also in GBPNZD since some days, I have waited that price goes out of the trouble of the range, then waiting for a little cross/touch of TDI and then entry:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD.JPG Size: 120 KB


regards
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