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    TDI Trade Check

    Uploaded by

    tawhid anam
    The document provides guidelines for entering trades based on technical indicators on candlestick charts. It recommends checking that the TDI indicator crosses at candle open and is in the correct range on the candle after a reversal. It also recommends confirming the signal with stochastic indicators, price action, support/resistance levels, and trend. Stops should be placed just above highs or below lows of prior candles and exiting when TDI flattens or hooks and candle size reduces.

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    TDI Trade Check

    Uploaded by

    tawhid anam
    89 views4 pages
    The document provides guidelines for entering trades based on technical indicators on candlestick charts. It recommends checking that the TDI indicator crosses at candle open and is in the correct range on the candle after a reversal. It also recommends confirming the signal with stochastic indicators, price action, support/resistance levels, and trend. Stops should be placed just above highs or below lows of prior candles and exiting when TDI flattens or hooks and candle size reduces.

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    The document provides guidelines for entering trades based on technical indicators on candlestick charts. It recommends checking that the TDI indicator crosses at candle open and is in the correct range on the candle after a reversal. It also recommends confirming the signal with stochastic indicators, price action, support/resistance levels, and trend. Stops should be placed just above highs or below lows of prior candles and exiting when TDI flattens or hooks and candle size reduces.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    89 views4 pages

    TDI Trade Check

    Uploaded by

    tawhid anam
    The document provides guidelines for entering trades based on technical indicators on candlestick charts. It recommends checking that the TDI indicator crosses at candle open and is in the correct range on the candle after a reversal. It also recommends confirming the signal with stochastic indicators, price action, support/resistance levels, and trend. Stops should be placed just above highs or below lows of prior candles and exiting when TDI flattens or hooks and candle size reduces.

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    © All Rights Reserved
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    * CHECK FOR NEWS

    * check at candle open and if TDI crosses enter trade


    * only enter trade on candle 1 or 2 after reversal colour change
    * TDI angle, ema and stoch angle need to be either 12 - 2 oclock for buy or 4-6 o clock for sell
    * check tdi agrees with price action
    * check tdi green and red lines are heading in the same direction or close to it.
    * check candle strength/size-if small stay away
    * check candle has changed colour and is crossing ema
    * look left on PA - check nearby support and resistance if its close - stay away
    * check market is trending not consolidating - check larger time frames to determine trend
    * check tdi is in correct area not extreme to ensure trade is not exhausted (32 - 68 area)
    * check stochs not exhausted and coming from correct area (20 - 80 area)
    * check last hi and low on candle - how close is the current price
    * check last reversal strength - how many candles - large??small??
    * check tdi and stoch for divergence
    * stop loss on highest high or lowest low of prior 2 or 3 candles
    * exit when TDI flattens or hooks and candle size reduces
    CANDLES
    DIVERGENCE
    Type Bias Price Oscillator Description

    Indicates underlying strength. Bears are exhausted.


    Bullish Lower Low Higher Low
    Warning of possible trend direction change from downtrend to uptrend.
    Regular
    Indicates underlying weakness. Bulls are exhausted.
    Bearish Higher High Lower High
    Warning of possible trend direction change from uptrend to downtrend.
    Indicates underlying strength. Good entry or re-entry.
    Bullish Higher Low Lower Low
    Occurs on retracements in an uptrend. Good for price retest of previous lows. "Buy the dips"
    Hidden
    Indicates underlying weakness. Found during retracements in a downtrend. Nice to see during price
    Bearish Lower High Higher High
    retests of previous highs. "Sell the rallies"

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