I am following your posts and view all your views and outlook. I too use tdi but some time I miss the trade on another time frame. Today I show your posts where all multi-time frame indicators TDI on one chart. would appreciate if you can provide the same as per your post for small traders like me to do the better trading.
Thanks in advance.
i closed my trade with +13 pips. because the market will close.
Hello, good traders am so grateful to all great traders who have managed to teach us how to use the TMS. I have used TMS for a week now but its the only week i have managed to be profitable in the last three months.
I hope Big E RIP and i will forever be his student for life.
I think my 2 questions won't reveal much of your trading system, so I will give it a try.
It's clear that you use one of the HA smoothed indicators, but which one exactly, and with what settings?
Re Stochs. Still using 11,3,3 settings or different now?
To be honest with all of you , I used to come and read this thread because I am interested in these matters (TDI , Average Price Bars etc...) but now I am upset ,bored , bothered (take the right expression as english is not my mother language !) by all these endless quarrels !!!
The post I quoted had what I am looking for when reading this thread : 3 sentences with tehnical opinions and 2 charts with explanations and done on a king of template , I am used to .
That's all I want to see !
Of course, Echo Chamber had to respond to your post.
keep on working ....
the average time traders spend in Forex Factory system threads ...
there's one who spent 7 years took a diversion and still have not reached that 'pot of gold'.
so you like more posts with TDI, Average Price Bars, etc ... would mean include 5EMA, Typical Price Shit+3, Stochastics (8,3,3,)? Am I correct?
What about MACD(2,13,7) with MTF function to replicate the TDI and also to help traders in:-
1) see the short term trend and long term trend as in Post#647 and
2) to take a trade entry with candle#1 and#2 (Post#261) and also possible candle#3 in certain situations?
What about an indicator that will help traders in
1) identify consolidation and to avoid trading in consolidation (Post#647)?
Is there anything that I may have left out?
there are other posts that I have answered many questions.
Eric aka Big E our late OP once said;
If any of you know something BASIC about trading the forex... that's helped you... post it for the benefit of others.. We have many newer traders it can help.
This mean I will have to keep on posting until the new traders tell me please stop ....
I will still be here to help anyone fill your 6,000 missing hours which Big E had in 2008.
is this good for you?
My advises are: stick to one method (do not change if it's go bad in some periods (that's normal), put on many trades such that you can learn from your mistakes,
do not spend to much time on reading or looking at youtube videos, learn and understand money management, have a trading plan a checklist before entry, record
and evaluate trades (you can use the weekend to evalaute trades), do manual backtesting (important when you trading higher timeframe because you doesn't get as many setups).
TMS is a good strategy to start to work with and you can, over time, change it to fit how you like to trade.
Clearly, no reason at all to be considering any entry on candle 4.
Just an observation about the stoch vs TDI.
Note how the stoch line emulates TDI green, and the stoch signal line emulates TDI red. The main difference between these indicators is that the stoch is bounded between 0-100, whereas the TDI is unbounded. Another small difference is that the TDI red is smoothed more, so that its slope can actually give a clue to direction that the stoch lacks. So then why bother with the stoch? It has 1 property that can be useful; the fact that it bottoms out during strong down moves and tops out during strong up moves. This means that during the time the stoch is traveling at or near an extreme, you do not want to trade against that direction, no matter what TDI shows. If stoch is near the bottom, then crosses above your "oversold" limit line this shows you only that sellers have become weak. That is, the momentum has shifted from down to up. But you can't know just how strong the up momentum is yet; traders have to be persuaded that there is no money left in sight by selling, and that there is money in sight if buying. Note that it is not enough for sellers to drop out; there must be buyers to take over, or else the market is going to crawl along with low volatility.
Look at the stoch on the left edge of the chart. It cycles in-and-out of the overbought zone. Each time it drops out of the zone, buyers have weakened. But clearly, that is not a signal for selling; there is no confirming evidence that the trend has shifted to a down trend. Now consider the stoch after 23 May. It stays in "oversold" zone for several days. You can look for selling setups during this time, because down momentum remains strong. Near 27 May, it crosses above the "oversold" zone and then climbs. This shows you only that selling momentum has gotten weak, and selling is now not a good idea. So should you be buying now? Only if you have confirmation of an uptrend and you have valid buy setups.
Then we come to 30 May, with stoch reaching up to the "overboght" line, then curling back down. So, that indicates a great time to sell, right? Uhhhh, no. That indicates only that if you were buying, up momentum has weakened, so consider closing buy orders. So when can we sell? Only after you have a confirmation of a down trend and a valid sell setup occurs. Then stoch bottoms, showing only selling should be considered until about 3 June, when stoch crosses above the "oversold" line. This shows weakness by sellers, consider exiting any short positions.
Take a look for yourself at old charts when stoch crosses out from an extreme zone. Look at TDI green X red... did it occur on the same bar or up to 2 before the stoch crossing? Check a lot of these cases and see if you think that this can be a useful exit setup for you.
Thanks for indicators. your indicator will help me trade multi time frame n scalping without taking time to browse various time frame charts.
Thanks once again.
- Don't know if snarlyjack would agree with you. Post 45,063
well, that is simple.
just read all the posts in this thread starting with post#1 and make your way up to the OP last post post#12,912, you will also get to know snarlyjack.
then next thing I would do is read all of snarlyjack's post in this thread.
then you will come to this Post#26,298
he moved on to trading CompassFX DOTS and also Synergy Pro with Guppy MMAs.
he also uploaded the Synergy Pro system in this Post#50,214
that's is his progress ...
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