DislikedHi Guys, I took this trade following the rules of Big E. Took the sell on the close of the candle with a star. As of now, I'm loosing pips. Still practicing this method on demo though. - TDI had a clear cross - Stoch was going the same direction as the TDI - Price crossed below the 5 SMA line Many of my trades turns out like this. I think it is because it is still in consolidation. But how do I know if it is out of consolidation? {image}Ignored
I can't see how clear the TDI cross on your chart or maybe it needs point exactly where the trade entry point was.
Anyway, it is easy to curve fit the TMS rules on your chart after the narratives have been shown. The best way is to analyzed a mistake if you are trading using TDI by taking a screenshot upon your trade entry. A purely TMS approach will not be simple at all for newbies or for other experience traders who just blindly follow the rules.
Below is an example of a TDI crosses that went through perfectly (after the fact only). Though on the screenshot, I am using my own modified version of TDI (it may look crappy for others, as long as it helps me - no distraction at all ), but regardless, it shows a clear illustration of a TDI cross (reversal) and bounce off (bearish continuation or bullish continuation), IMHO.
Note: The thread OP removed the Volatility Band and Market Base Line and some other things removed from the original Synergy Trading Method & TDI. The reason was, for him (and others) these are just a distraction. ---Eventually or immediately you'll understand why... There are reasons that experienced traders always recommended to learn the basics at Babypips.com first. There you'll learn Price Action, Divergence/Convergence, Fundamental Analysis, Price structure... etc. In the long run, other traders won't need extra indicators as the mind and eyes has been trained to see these things on chart. The same reason why some other FF members who moves on by opening up another TMS thread or trading using TDI of their own set of rules, strategy or method/system. Though, some are still posting here with their own newly conceive approach within or beyond the OP's TMS method.
Note: Some indicators (free or paid ones) have a lot of extra things that may be too crappy for highly experience traders because it is being marketed or shared to a newbie traders and other type of experience traders, ---mainly for the purpose of visual aids or as a packaged rules/method/system with intended target users.
kindest regards,
v2v
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
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