Scalping using TDI and MACD Histogram indicator

To scalp and get few pips per trade, we can easily using TDI combined with Colored MACD Histogram indicator. We read the MACD bar to determine the micro trend and use TDI cross over as the open position confirmation. 

Indicator used:

• MACD Histogram
• TDI Red Green

You can easily get those indicators for free on many Forex forum on the net. Here is the example

As you see on the chart, we open BUY when MACD bar already green and TDI indicator cross between the green and red line. Our target is 10-15 pips depends on the situation. EURJPY M15 time frame is the best to scalp using this technique. 

Trend line breakout with TDI Cross Over

Trading trend line breakout can be profitable if we do it in a good manner. In Forex, there are many false breakout. To avoid false breakout signal, I often use other indicator such as TDI red green cross line.

 

Trading result using TDI System - 10 June 2013

Hi, after posting some trading strategies, now its time to post my trading result. TDI System really works for me. I got some nice pips this morning with just about 1 hour trading I got 34 dollars. Also I got some nice rebate from Instaforex.

How I trade that?

Ok, see and read my previous post about SHI Signal and TDI trading system. I warn you that SHI Signal is not a good indicator actually because the dots will move as new support or resistant is formed by the chart. So, NEVER use SHI Signal as buy sell decision. Its only for help. You can remove it if you want. The main buy sell signal is the TDI crossover.

Small pips but bigger trading lot-Are you dare?

Many professional traders or mentor said that we must have a target plan, good trading system to get consistent profit every day. For example, I have to reach 20 dollar per day. It's a good plan but we can do this in two different way. First options is to use 1 lot and try to get 20 pips. The second is use 2 lot and the target 10 pips or even we can use 5 lot and we need only 4 pips to get 20 dollar per day. Make sense right? All those options have their own risk and benefit. So which one you choose? Are you dare to use bigger lot and smaller pips target?

Imagine if you just open a position no matter buy or sell for 1 lot (1 dollar per pips) and currently floating profit 10 pips. Your take profit will be 20 pips for example. But, suddenly the market turn over against you and your 10 pips profit now turn into 10 pips minus and counting. Finally you cut loss or your stop loss hit by the market. This scenario will not happen if you use 2 lots and look for 10 pips only.