Hey everyone.
I have switched to using the TMS-Osc indicator tha Xaphod posted instead of the original tdi tha many people were having trouble with and I have noticed that it seems to make a lot more small movements as the price goes up and down, to the point now where I have seen it go from a cross on the green over red indicating an entry, to later on in that candle uncrossing itself. I am looking at it on the one hour charts.
Has anyone noticed this?? and if so how have you dealt with it?
An example is 3 hours ago on th A/U....you can see how big the red candle got and my tmc indicator was definitely crossed. It was going with the trend (downwards), all signs were pretty much ideal and no news pending. It turned and stopped me out at -30.
Yes I entered on the first candle but that is the rule....1st or 2nd candle.
Should I have waited for the second??? My concern with waiting for the second candle on the hourly chart is that pips are tighter. Although in saying that its better than getting stopped. I am wondering if this new tmc indicator behaves differently and is giving slightly different signals. I know BigE never refreshes his tdi, he says he "trades it how he sees it" but it definitley doesnt seem to update itself as much. Or maybe I am seeing things?
All I know is to me..this trade looked spot on
I have switched to using the TMS-Osc indicator tha Xaphod posted instead of the original tdi tha many people were having trouble with and I have noticed that it seems to make a lot more small movements as the price goes up and down, to the point now where I have seen it go from a cross on the green over red indicating an entry, to later on in that candle uncrossing itself. I am looking at it on the one hour charts.
Has anyone noticed this?? and if so how have you dealt with it?
An example is 3 hours ago on th A/U....you can see how big the red candle got and my tmc indicator was definitely crossed. It was going with the trend (downwards), all signs were pretty much ideal and no news pending. It turned and stopped me out at -30.
Yes I entered on the first candle but that is the rule....1st or 2nd candle.
Should I have waited for the second??? My concern with waiting for the second candle on the hourly chart is that pips are tighter. Although in saying that its better than getting stopped. I am wondering if this new tmc indicator behaves differently and is giving slightly different signals. I know BigE never refreshes his tdi, he says he "trades it how he sees it" but it definitley doesnt seem to update itself as much. Or maybe I am seeing things?
All I know is to me..this trade looked spot on