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Trading Made Simple

  • #129,101
  • Feb 25, 2022 12:32pm Feb 25, 2022 12:32pm
Quoting Tekkies
{quote} Ryuryu. your pos does not make senes First you say "I don't want to replace Stoch." then "I say that putting Stoch and TDI on one chart is nonsense." Why bother with Stoch in the first place? ---------- "Stoch can't confirm TDI, and TDI can't confirm Stoch because they are EQUAL." When did BigE wrote that Stoch confirms TDI? BigE wrote that Stoch confirm the direction of intended trade. ------- "Stoch can't show the direction because it is oscillator." If that is true then how come the trend is going down and stoch is also going down? (You...
When stoch goes >80 or <20, it's time to open a higher TF chart, nothing more. No "overbought", "oversold" nonsense.
To free Gazans of Hamas, use whatever it takes.
  • #129,102
  • Feb 25, 2022 12:39pm Feb 25, 2022 12:39pm
Hey Tekkies, I may have figured out why Vincent keeps asking you to count the reindeer for him--likely he is polydactyl, so when everyone around him stopped at 10, he was still going and scratching his head in wonderment.
To free Gazans of Hamas, use whatever it takes.
  • #129,103
  • Feb 25, 2022 12:41pm Feb 25, 2022 12:41pm
Quoting DrDave
{quote} When stoch goes >80 or <20, it's time to open a higher TF chart, nothing more. No "overbought", "oversold" nonsense.

hey @FakeGURU aka @DrDick

when the Stoch above 80 and below 20,

there is no need to open higher TF chart.

You go to this other trading made simple thread and trade Method#1.

https://www.forexfactory.com/thread/...ree-tdi-system

Method 1 :

At the beginning of the day, I will check all 28 pairs for possible entries based on the following rules:

BUY:

1) Stochastic : Should be over 80
2) TDI : a) Green should cross above the red line or show a rebound b) prefer that cross or rebound happened above the yellow line.

Sell:

1) Stochastic : Should be bellow 20
2) TDI : a) Green should cross bellow the red line or show a rebound b) prefer that cross or rebound happened bellow the yellow line.

<quote>
medhi343
Hi,

About few months ago I read a thread which is called " Trading Made Simple" . They used TDI indicator and TMS to monitor charts and find possible entries. I tried this system for some months but I gained 40% success from their system. I tried to modify the system to find out higher potential entries. Following I will explain my strategy which can be used for newbies of TDI system.
I personally prefer to use method 1 for daily chart, as I need to only check the charts at the start of the day and open possible positions and leave it until the end of the day. So it is stress free strategy. However, both method 1 and 2 can be used for 4H if you like to monitor graphs during the day.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,104
  • Feb 25, 2022 12:47pm Feb 25, 2022 12:47pm
Quoting DrDave
Hey Tekkies, I may have figured out why Vincent keeps asking you to count the reindeer for him--likely he is polydactyl, so when everyone around him stopped at 10, he was still going and scratching his head in wonderment.

hey @DrDick

how many reindeers do you see?

its easy and no need to use fingers to count them.

but poor @Tekkies needs to use both hands and fingers to count 5.

Attached Image (click to enlarge)
Click to Enlarge Name: reindeers 5 row 27-12-2021 9-35-30 am.png Size: 298 KB


it is like Big E' 5-Method.
the trade setups are easy to see when you follow his post#2617

2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?

Read above...

I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too...

There is a handful who trade it correctly here who are rewarded nicely...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,105
  • Edited 1:24pm Feb 25, 2022 1:03pm | Edited 1:24pm
Quoting emmanuel7788
{quote} hey @DrDick how many reindeers do you see? its easy and no need to use fingers to count them. but poor @Tekkies needs to use both hands and fingers to count 5. {image} it is like Big E' 5-Method. the trade setups are easy to see when you follow his post#2617 2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart...
Those few trades are showing readers that you have no clue what BigE was posting about in Post 129,091
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Here is what BigE was posting about (Post 115,902) and Post 115,904
Observe the TDI for bias, and learn the PA contributing to TDI cross. Understand the calculation behind the Fast/Slow RSI MA on TDI, and you will slowly but surely understand the mechanism. By then you can switch to Naked Chart with intuition of where the TDI cross happens by looking at the price movement.
-------
Observe the TDI for bias <> study old charts for set ups
PA contributing to TDI cross <> Burn it into your memory..
By then you can switch to Naked Chart <> Taking clean trades is a breeze for me
> By then <> I spent 2 years doing that
-----
By the way, I liked how Tommy dissect your EA in that post.

Is that one of the resons you refuse to link TE to what you post in this thread?
  • #129,106
  • Feb 25, 2022 1:04pm Feb 25, 2022 1:04pm
Quoting emmanuel7788
{quote} US Markets Feb 25 - just a 'knee-jerk' reaction to big event - the worst is yet to come - be prepared {image} ...


US Markets Feb25

- nice rally today after yesterday' reaction to big event

- early month end closing soon

- anything can happen this weekend and it does not look good

Attached Image (click to enlarge)
Click to Enlarge Name: US Markets Feb25 pre-close 26-2-2022 3-00-24 am.png Size: 47 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,107
  • Feb 25, 2022 1:11pm Feb 25, 2022 1:11pm
Quoting Tekkies
{quote} Those few trades are show readers that you have no glue what BigE was posting about in Post 129,091 {image} (an EA was required by you to save your butt.)

hey @Tekkies

you are right Big E had no 'glue' in 2011.

he also has no clue what was Blessing in 2010 and 2011. He was trading with other EAs which most did not work for him.

the old Blessing2 did not have the TDI.

trading with EAs will not save your butt. You are ignorant what expert advisors can do and make your trading life simpler and easier.

ask Ryuryu, he invested lots of time and money into this.
https://www.forexfactory.com/thread/...xaubtc-trading

both you and your @FakeDrDick are laggards here.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,108
  • Feb 25, 2022 1:23pm Feb 25, 2022 1:23pm
Quoting Tekkies
{quote} Ryuryu. your pos does not make senes First you say "I don't want to replace Stoch." then "I say that putting Stoch and TDI on one chart is nonsense." Why bother with Stoch in the first place? ---------- "Stoch can't confirm TDI, and TDI can't confirm Stoch because they are EQUAL." When did BigE wrote that Stoch confirms TDI? BigE wrote that Stoch confirm the direction of intended trade. ------- "Stoch can't show the direction because it is oscillator." If that is true then how come the trend is going down and stoch is also going down? (You...

@Tekkies wrote: "BigE wrote that Stoch confirm the direction of intended trade..."

you are confused with what Big E posted.

Stochastic does not confirm the direction of any intended trade.
Stochastic is a technical study and is a lagging indicator and it cannot confirm any intended trade.

Now go back and start all over again at babypips.com and

then read Big E' old thread and his others posts in Stochastics Secrets by RedTrader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,109
  • Feb 25, 2022 1:24pm Feb 25, 2022 1:24pm
Quoting Tekkies
If that is true then how come the trend is going down and stoch is also going down?


Because the average close of X candles back go down. And TDI will also go down. Because it is the same.
You are waiting for "confirmation" your rely on non-existent.

Try to Add Stoch 15/3/3 and Stoch 5/3/3 and slower one will magically "confirm" fast one.
Observer effect
  • #129,110
  • Feb 25, 2022 1:27pm Feb 25, 2022 1:27pm
Quoting DrDave
Hey Tekkies, I may have figured out why Vincent keeps asking you to count the reindeer for him--likely he is polydactyl, so when everyone around him stopped at 10, he was still going and scratching his head in wonderment.
You mean to say Vincent and a centipede will come to blows about who has the most fingers/toes?
Attached Image
  • #129,111
  • Feb 25, 2022 1:46pm Feb 25, 2022 1:46pm
Quoting emmanuel7788
{quote} @Tekkies wrote: "BigE wrote that Stoch confirm the direction of intended trade..." you are confused with what Big E posted. Stochastic does not confirm the direction of any intended trade. Stochastic is a technical study and is a lagging indicator and it cannot confirm any intended trade. Now go back and start all over again at babypips.com and then read Big E' old thread and his others posts in Stochastics Secrets by RedTrader....
Vincent explain this few points from bigE's posts.
Stochastics (8,3,3) indicator. It is ONLY used to confirm direction.
The TDI and Stochs are giving opposite signals..
Does Stoch's confirm the TDI signal
TDI looks good with Stochs confirming...
is Stochs confirming, is it candle 1 or 2... everything... TDI gives me the signal..
Did Stoch's confirm the TDI signal between the 20-80 lines...?
------
TDI green cross TDI red from above, TDI indicate a sell trade can be entered at that price level.
TDI green cross TDI red from below, TDI indicate a buy trade can be entered at that price level.

What must Stoch confirm? > direction of intended trade
-----
I use the the word "glue" for that is what your brain needs to keep all the information together.
Unfortualny the piece (information) got glued together in the wrong sequences which explain why you are so confused to what Bige has posted.
  • #129,112
  • Feb 25, 2022 2:50pm Feb 25, 2022 2:50pm
Quoting ryuryu
{quote} Because the average close of X candles back go down. And TDI will also go down. Because it is the same. You are waiting for "confirmation" your rely on non-existent. Try to Add Stoch 15/3/3 and Stoch 5/3/3 and slower one will magically "confirm" fast one.
Don't change the question!!

You wrote this: ""Stoch can't show the direction because it is oscillator."
Attached Image

Please so the readers on a chart that what you wrote is true.
  • #129,113
  • Feb 25, 2022 3:06pm Feb 25, 2022 3:06pm
just in case you get bored over weekend, nothing to do with tdi tho
Attached File(s)
File Type: pdf 1_5186367099492106435.pdf   526 KB | 336 downloads
  • #129,114
  • Feb 25, 2022 3:48pm Feb 25, 2022 3:48pm
Quoting Tekkies
{quote} Don't change the question!! You wrote this: ""Stoch can't show the direction because it is oscillator." {image} Please so the readers on a chart that what you wrote is true.
The initial question was why you are using both stoch and tdi.
Second question was about stoch. You skipped main question. But ok, never mind. Use as many equal indicators as you wish and think they confirm each other.

So let's return to part 2: why stoch can't show direction. Because it is oscillator! It has static range 0-100. Only because of its nature it can't show direction. To check the direction you can use several moving averages, but not the stochastic. One big candle can change your direction from >80 to <20, just because of static range used for calculations.

In fact don't understand what we are talking about. I asked why you are using both TDI and Stoch, you answered that you need "confirmation". This is strange, and I explained why. But you insist that 2+2=5. But it's neither 3 nor 5, it is 4. Anyway I asked that because I thought that may be there something interesting under the hood, but now I understand that it is not.
Observer effect
  • #129,115
  • Feb 25, 2022 4:25pm Feb 25, 2022 4:25pm
Quoting ryuryu
{quote} The initial question was why you are using both stoch and tdi. Second question was about stoch. You skipped main question. But ok, never mind. Use as many equal indicators as you wish and think they confirm each other. So let's return to part 2: why stoch can't show direction. Because it is oscillator! It has static range 0-100. Only because of its nature it can't show direction. To check the direction you can use several moving averages, but not the stochastic. One big candle can change your direction from >80 to <20, just because of static...
Read Post 129,081 for original question.
Is that not the main question, what is then the main question?
----
"Use as many equal indicators "
No use to argue about that point, for you have made up your mind they are equal, if when numerus webpage state they are not equal.
----
"part 2: why stoch can't show direction."
Don't write about it. show readers on a chart why Stoch can not show direction.
---
"But you insist................. something interesting under the hood"
Once more Ryuryu you got it wrong. BigE posted that Stoch is to be use to confirm direction. Don't blame me for what BigE wrote.
It is a pity BigE is not here to answer your questions / objections / options.

He would most probably write something like this:
Post#293... Didn't realize I had a gun to your head... sorry buddy. I'm just explaining how I do it and why... nothing more.
  • #129,116
  • Feb 25, 2022 7:07pm Feb 25, 2022 7:07pm
Quoting Tekkies
{quote} Vincent explain this few points from bigE's posts. Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. The TDI and Stochs are giving opposite signals.. Does Stoch's confirm the TDI signal TDI looks good with Stochs confirming... is Stochs confirming, is it candle 1 or 2... everything... TDI gives me the signal.. Did Stoch's confirm the TDI signal between the 20-80 lines...? ------ TDI green cross TDI red from above, TDI indicate a sell trade can be entered at that price level. TDI green cross TDI red from below, TDI indicate...

LOL @Tekkies

You lost money in 2016, 2017, 2018, 2019, 2020 and in 2021. This is year 2022 and you will lose more money.
Your problem is YOU. Its in your head.
You have no clue what is trading to make money.

You are still here preaching how to trade the spot forex market with the OP' post in this thread.

The OP Big E can trade without the Stochastics and the TDI.

Did you read his posts below:

Big E : you can trade his 5-Method without the TDI


Jan 20, 2011
#3044
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.

Jan 26, 2011
#3103
I almost always have the tdi & stoch on all my charts regardless of the method being used.

However, it's not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and it's a good confirmation to the current PA and possible trade.


Feb 12, 2011
#3418
You can trade the 5 method without the TDI if it's a problem...

PA is HA Candles, PA crosses the yellow line and closes... enter on the next candle if it's the same color. When candles flatten out... exit. Stay in the trade as long as it doesn't cross back over the yellow line and close.

The TDI just gives me a lot more information for making my entries & exits decisions.


May 16, 2011
#2617
2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?

Read above...

I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too...

#296 (Nov 4, 2008)
I profit every day by using Stochastics. I hope you will too. It's just part of the puzzle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,117
  • Feb 25, 2022 7:25pm Feb 25, 2022 7:25pm
Quoting Tekkies
{quote} Don't change the question!! You wrote this: ""Stoch can't show the direction because it is oscillator." {image} Please so the readers on a chart that what you wrote is true.

Stochastics is 'useless' in certain market type conditions. It does not show the market's direction. It's an oscillator and has its inherent strengths and weaknesses.

You need to learn to read the price and what the market type conditions are ,

and trade the system developed for that particular market type conditions.

Example USDCAD February 2022 H4 with Daily and Weekly price candles option.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Feb25 NYClosed H4 26-2-2022 9-18-16 am.png Size: 53 KB


Weekly chart

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Feb25 W1 NYClosed 26-2-2022 9-29-37 am.png Size: 42 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,118
  • Feb 25, 2022 8:25pm Feb 25, 2022 8:25pm
Quoting ryuryu
{quote} ...So let's return to part 2: why stoch can't show direction. Because it is oscillator! It has static range 0-100. Only because of its nature it can't show direction. To check the direction you can use several moving averages, but not the stochastic. One big candle can change your direction from >80 to <20, just because of static range used for calculations. ....
"
So let's return to part 2: why stoch can't show direction. Because it is oscillator! It has static range 0-100. Only because of its nature it can't show direction. To check the direction you can use several moving averages, but not the stochastic. One big candle can change your direction from >80 to <20, just because of static range used for calculations.
"



YES!.

use a a couple of moving averages and follow the price action along with MAs.

13 years in FF is a good period track record. { here }
https://www.forexfactory.com/thread/...1#post13911831

develop trading methodology based on simple rules for entries and exits,
to achieve consistency and maintain consistency, you have to be very disciplined in your trading system rules ,

when you are wrong, just get out of the trade.

Big E has his 21/233 Method and his 5EMA in his 5-Method.
5-Method and 21/233 Method Post#3018, Post#4104,
both methods are trend following.

once you learn these two methods and master them over a given time, you will make some money.
and you will gain confidence and trade without the Stoch and TDI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,119
  • Feb 25, 2022 8:50pm Feb 25, 2022 8:50pm
Quoting Tekkies
{quote} Vincent explain this few points from bigE's posts. Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. The TDI and Stochs are giving opposite signals.. Does Stoch's confirm the TDI signal TDI looks good with Stochs confirming... is Stochs confirming, is it candle 1 or 2... everything... TDI gives me the signal.. Did Stoch's confirm the TDI signal between the 20-80 lines...? ------ TDI green cross TDI red from above, TDI indicate a sell trade can be entered at that price level. TDI green cross TDI red from below, TDI indicate...

@Tekkies

Fact: The Stochastics does not confirm any intended trade.

You have mixed up all Big E' 463 post in this thread ... those are pieces of the puzzle framed up in a mess.

Attached Image (click to enlarge)
Click to Enlarge Name: puzzles framed.png Size: 537 KB

You will never see the big picture of Big E' Trading Made Simple with just 463 posts in this thread.

Obviously you joined FF late .. 2016 and you still have not watched those Natural Flow of the Market tutorial videos by Craig Harris
old thread post #1 to post #21. Too bad those tutorials are no loner available in the public domain. You are a laggard and do not have that knowledge.

Good Luck , you will need this much more in 2022.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,120
  • Feb 25, 2022 10:43pm Feb 25, 2022 10:43pm
Quoting ryuryu
{quote} How Stoch can confirm the direction, it is oscillator? How can Stoch and TDi show different data if they both are oscillators and TDI is like advanced RSI with 2 lines like Stoch? You can add 2 Stoch, 2 TDI or 2 RSI with different settings and it will be the same. Doesn't matter what BigE said 10 years ago. Just check the formulas used in the indicators you are using. They all use the same data. It is like to have watches with Roman numerals on left hand and watches with Arabic numerals or the right and say that you know the time more accurately....
How Stoch can confirm the direction, it is oscillator?

BigE's Trading Made Simple, esp the TDI cross trade setups, are catching the swing up/down as price reverses with momentum leading to TDI cross. In your thread you mentioned oscillator is good to time the exit, it implies price would likely reverse at that point and also an opportunity for a trade to be opened in opposite direction.

In your previous post you also mentioned "A big candle can change the value from >80 to <20" (Practically impossible in Fx but yea I get your point). Candle size mathematically is a function of TDI. A confluence to BigE's Price Action.

How can Stoch and TDi show different data if they both are oscillators and TDI is like advanced RSI with 2 lines like Stoch?

This is not a necessary addition. BigE mentioned one can use both, but TDI itself would suffice. I suggest only use TDI.

Stoch looks at how price is from the highest and lowest price. While TDI (RSI) is looking at price's movement from the average. That is why TDI is a better representation to momentum. With the fact that BigE used TDI and stoch with different periods, it may work similar to multiple MAs, but it is not necessary nor as effective as stacking other types of indicators with multiple settings.

I know that TDi is the heart of this "system", so instead of using same indicators twice I'd suggest use one to measure the distance from average (replacing useless Stoch).

TDI is a alternative representation of price movement compared with the average, with a "penalty" mechanics for extended swings (average rise/fall in equation). But it is up to you to add any confluences of similar nature. I suggest to go with #647 where some leading Price Action analysis were recommended as they help with determining the bias and filter out a lot of low probability TDI cross setups.

I also don't see BigE referred Overbought or Oversold. I also don't use this concept. TMS is to open trade as price reverses and TDI crosses, which for SMA in same period setting is usually a cross of price, but MA cross price has less
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