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Forex Trading Simplified Guide

This document provides trading rules and guidelines for entering and exiting trades using the TDI (Trading Dynamic Index) indicator. It recommends entering long positions when the green TDI line crosses above the red line at the start of a new candle, and entering short positions when it crosses below. Exits should occur when the green line flattens out, hooks over, or forms a reversal pattern. Additional context like momentum, support/resistance, and confirmation from other indicators like stochastics should also be considered before entering trades. Demo trading is recommended until the strategy is fully understood.

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Agung Ramdhani
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489 views2 pages

Forex Trading Simplified Guide

This document provides trading rules and guidelines for entering and exiting trades using the TDI (Trading Dynamic Index) indicator. It recommends entering long positions when the green TDI line crosses above the red line at the start of a new candle, and entering short positions when it crosses below. Exits should occur when the green line flattens out, hooks over, or forms a reversal pattern. Additional context like momentum, support/resistance, and confirmation from other indicators like stochastics should also be considered before entering trades. Demo trading is recommended until the strategy is fully understood.

Uploaded by

Agung Ramdhani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as ODT, PDF, TXT or read online on Scribd
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This is just a short compilation trading rules eelfranz has posted so far on the thread.

http://www.forexfactory.com/showthread.php?t=291622 Trading Made Simple


Indicators and template needed:
http://www.forexfactory.com/showpost.php?p=4573194&postcount=156
5 shifted ema:
Basically this is a visual reference. When a candle is crossing it the green TDI line is
crossing red also.
Entries and exits...
TDI... Is it going up (long) or coming down (short)... that's the direction to trade.
We Enter a trade when green crosses red on the TDI at the beginning of the new
candle... usually candle 1 or 2. If it's candle 3 or more (as in the third bull candle in up
move and third bear candle in down move) don't enter... find another trade set up. The
only exception is if green bounces off red and continues... it's ok to re-enter on the
bounce...
A set up is NOT GREEN TOUCHING RED. Why? Many times green bounces back and the
original direction continues. That's a bounce trade.
Exit your trade when the green TDI line goes flat, starts to hook over or makes a check
mark reversal.
If you add other things it will influence your decisions... usually to your detriment. Don't
try to complicate it thinking it can't be this easy. Hence the name Trading Made Simple.
Important to study TDI entries on old charts, any time frame... Give yourself a chance
and trade it like it's layed out..
In regards to stoploss:
I hate S/l trading. If you feel you want it the safest way is to place your S/L at the last
hi or low a couple of candles back...
Demo it:
Take your time and learn. Demo trade it until you feel you got it.
Be sure to brows through the thread and look at the training charts that are and will be
posted. Look at charts others have posted too. A picture tells a thousand words.

NEW update: 4/29/2011

Your safest trades will always be when green crosses red and you enter on candle 1
or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is
average...
With bounce trades the odds are lower for your success... but it still works.

When wanting to enter a TDI trade... take a moment first to observe basic 4x
things... like:
How close am I to the previous high or lo
Am I in an uptrend or downtrend.. short & long term...
Am I in or close to a consolidation area
Are the previous candles small...
Look at the candles on the last reversal... big, little, what
How does the momentum look right now (12-2, 4-6) {Referring to angle of green tdi line
and Stochastics as if it were a clocks hands}.
Does Stoch's confirm the TDI signal
Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it...
If you don't already know these things... don't trade live yet... www.babypips.com is a
good place to learn about the basics of trading 4X.

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