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- Jul 30, 2011 1:41am Jul 30, 2011 1:41am
- | Joined Jul 2011 | Status: Member | 54 Posts
The consistency you seek is in your mind, not the markets. Mark Douglas
Trading Made Simple the right way, and other trading lessons 333 replies
Monitor for 'Trading Made Simple' system 563 replies
Indicators for the 'Trading Made Simple' system 343 replies
MTF Indicators for the 'Trading Made Simple' system 241 replies
Trading Made Simple system follower - Thanks to eelfranz 9 replies
Dislikedexperimented with cci.....found it to be of no use. I constructed a tdi indi with cci as its base instead of rsi, and it was almost identical, no practical use. I also overlaid the cci onto the tdi indi in order to use as a type of filter..didnt work.Ignored
Dislikedyour computer guru is on the right track as per windows 7 being more security intensive . i will make a long explanation very short and just give the instructions...to the person who cant find the indicators (ozfxtrader82).... they are there, assuming that they were downloaded properly, just go to start menu---computer---c:drive---program files(x86)---(your broker)mt4---experts-----indicators: once in indicators there is a tab in the upper portion of the window called "compatibility files"..click this tab...you will see your downloaded files....Ignored
DislikedErebus
The key fib levels of .382, .618 and extensions of 1.27 and 1.618 are magnets for price. It is uncanny how these levels are always in play during price action - even on a 1 minute chart. I use them exclusively in a different strategy and have a very high success rate using them as profit targets. Nice illustration.Ignored
DislikedTo me it looks like a preindicator that the green will cross in the future and the stoch will have angle especially when the stoch is maxed. If the green is running below or above the red line it seems to give the coming angle of the green line unless price is in consolidation. I'm thinking it's the momentum of what's to come..Ignored
DislikedXXLessoXX
I somehow skimmed over your post while catching up on other postings this morning. These instructions worked great. I now have the indicators that I need in MT4. That was the missing ingredient!
To all others members that helped me out thanks also. I will stop polluting the thread with newbie stuff and get on with studying the TMS trading strategy.
JohnIgnored
DislikedTry putting the even numbers indicator on your chart and zoom out and take a look where price turns....I think its becsue of this that the fibs work the way they do.Ignored
DislikedGood day all ForexFactory community and special thanks goes to Big E for a great system. So, my problem is that I did backtesting and I can't figure out how those losers could be filtered out. Any help will be appreciated.
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http://i52.tinypic.com/334q6qg.gifIgnored
DislikedIf you go to TDI properties change the number 2 colour to what ever you want, i use yellow. It is used by dean malone to filter trades, only buy when the tdi cross occurs above the yellow line and vice cersa for sell tradesIgnored
Dislikedyeah, when I was back testing it looked great, but when live trading however it came up short, one problem I ran into when i overlaid the cci on the tdi was that cci and rsi are on different scales. as for a momentum indi I like the actual momentum indicator on mt4, or the ROC indicator, as they are basically the same calculation. Check out chris capre's take on it....very interesting:
http://www.youtube.com/watch?v=yNP1k-oeof4Ignored
DislikedI don't want to hijack EEL's thread, but what he's done with his entrance by using the open candle and when, with the stoch, is genius in simplicity. It does correspond to TDI trigger lines (32,50,68) by the 6 cci. Almost exact. Except when it starts consolidation. The CCI 6 can still trigger but you usually don't get the entrance requirements by EEL.
i'll watch the video...thanksIgnored
Dislikedi have question about this system?
1. when is the right time for trade with this trading system?
2. what TF should i use for the best result with the right time on the question no.1?Ignored
DislikedIf you go to TDI properties change the number 2 colour to what ever you want, i use yellow. It is used by dean malone to filter trades, only buy when the tdi cross occurs above the yellow line and vice cersa for sell tradesIgnored
Dislikedwhen you say even numbers are you talking 1.4100, 1.4200, 1.4300? some folks use the.0050's as even numbers as well. I (as it has been discussed ad nauseum on other threads) believe that prices turn at these numbers due to the large players using them as entry and exit points. Its the same with fibs, a sort of self fulfilling prophesy.Ignored
DislikedYes. My chart here has even numbers marked every 50 pips...but even when you drill down to lower time frames and look at the price bounces....if you mark your chart every 10 pips its amazing how price bounces in between them. 50 pips is enough for me on the hour and 4 hour charts, otherwise you end up with too many lines on your screen.
I totally agree with you in regards to the sefl fulfilling prophecies....the best description I have heard is......
Q: "what is technical analysis??
A: Mass psychology"
From what I understand the big hedge funds...Ignored