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Trading Made Simple

  • #15,781
  • Mar 6, 2013 5:24am Mar 6, 2013 5:24am
TDI is more than just the sum of itīs parts. I know that Eelfranz moved away from some of the component parts of the TDI, but there was a reason that it was developed in the manner that it was. You can choose to ignore the following advice, it will not have a detrimental effect on your trading if you do. But if you are like me and find that you miss signals that occurr outside your trading time you have a couple of options for entries later.

1. Is the bounce of the Green on Red, which you are all familiar with.

2. Is the cross of the Green and Red over the Market Base Line. (example attached)

There are other options but I am not going to complicate matters by moving far away from the TMS method which is simple for a reason.

I am only suggesting this as I have found it to be very helpfull in making trading decisions. You may not find it so, it might just confuse you, I have had a number of years of working with the TDI so I am used to it. So ignore this if things are working for you as they are.
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Cut your Losers short and let your Winners run.
  • #15,782
  • Mar 6, 2013 5:32am Mar 6, 2013 5:32am
Quoting Winner1245
Hi,
Recently i also started reading about Xman's 4H method. A lot of traders trade the S3 1H method , But i liked the 4H swing method .
for pullbacks it works awesome. About 20 pairs i counted no. of trades per month. I looked at every setup since october on those 20pairs and trying to write a trade management rules for myself. This method gives best entries when a Single pair gets slaughtered by multiple currencies . like Jpy pairs from october. The pullback entries on those pairs were perfect. And Euro pairs from january. No. of setups per month...
Make the back testing work for you. Compile data from your back testing in the form of a spread sheet, this should provide you with means to do a statistical analysis. This requires more time and effort but is invaluable.

Attached is one I prepared earlier. This is from a 1 hour chart of the EU. It is simple but provides some very usefull information.

This is a break down of the columns. Use what ever headings you feel will be usefull to you.

Time.= What time did the signal occurr. This is GMT +1 for me.
PIPS = Total pips profit from trade. Note: 2 pips signify a B/E trade
B/E = Number of pips in profit when stop moved to B/E
STOP = size of initial stop loss
RETRACE = Number of pips price retraced following entry. This does not take into consideration how far price advanced before coming back.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #15,783
  • Mar 6, 2013 5:34am Mar 6, 2013 5:34am
Quoting Empowers
Hi, Winner, I'm sure we could all really benefit from your backtesting, do you have a spreadsheet with these recorded setups?
No, i didnt record them . I will do it from today . X-man said we can get atleast 4setups on E/u per month and also we can trade any pair. So i started counting no. of setups based on the (1.) Break/touch of blue bands (2.) above/below 60EMA on E/U . I got 3 setups on EURUSD feb month with profit around 400pips(all shorts). Another 3setups on GBPUSD with 300pips profit (short). and when i checked january there was no setup at all on EURUSD. one setup on Gu (150pips) . I realised that based on the PA no. of setups per pair varies. So, i picked 20pairs and checked all the setups . If we consider the exit based on APB candle color change then according to what i have seen , There will be small losses using this system if we are wrong , 20pips to 50pips per lot. And wins varied from 50-300pips maximum. I will do backtesting all record all the trade losers/winners from jan 2011 and then post the results . Since we are not talking about TMS anymore we will continue our discussion in x-man thread. A lot of demo needs to be done.
  • #15,784
  • Mar 6, 2013 5:38am Mar 6, 2013 5:38am
Quoting dee50
Make the back testing work for you. Compile data from your back testing in the form of a spread sheet, this should provide you with means to do a statistical analysis. This requires more time and effort but is invaluable.

Attached is one I prepared earlier. This is from a 1 hour chart of the EU. It is simple but provides some very usefull information.
Thank you very much for the reply . I will do it the same way.
  • #15,785
  • Mar 6, 2013 5:53am Mar 6, 2013 5:53am
The tdi cross works well if there is touch of blue bands.
here are the trades that caught my attention while i was counting setups.I entered AUDNZD on demo and didnt enter EURAUD as its already third candle.AUDNZD loss for 20pips
Attached Image(s) (click to enlarge)
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  • #15,786
  • Mar 6, 2013 5:59am Mar 6, 2013 5:59am
Quoting Winner1245
The tdi cross works well if there is touch of blue bands.
here are the trades that caught my attention while i was counting setups.I entered AUDNZD on demo and didnt enter EURAUD as its already third candle.AUDNZD loss for 20pips
Thanks for this post.
  • #15,787
  • Mar 6, 2013 6:10am Mar 6, 2013 6:10am
Questions we ask ourselves. Is it too late to enter. How long can I hold this trade. How far can the market go.

We have at our disposal a very usefull tool. Fibonnaci Expansions. "Not Extensions". We can use this to guage Market Dynamics other wise known as the ABCD. There is a simple fact that very very often the CD leg will be equal to the AB leg and this repeats constantly. Example attached.

How many times have you entered only to find that the market consolidates or worse retraces. Using the measured move will give you some idea if the market has reached one of these points.

There is much more involved in the ABCD pattern, there are plenty of threads here on FF covering this.

Hope this helps some one.
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Cut your Losers short and let your Winners run.
  • #15,788
  • Mar 6, 2013 8:14am Mar 6, 2013 8:14am
Ok...Results fron last night's trades.

It's 7:00a.m. Montana time and I just liquidated out f my trades (I'am still half asleep).

1). Short eur/usd = 17 points.
2). Short gbp/usd = 34 points.
3). Total pips for the night = 51 pips

Worked out pretty well I thought! Whenever I make money it puts a smile on my face.

I hope this whole process helped someone...

snarlyjack
  • #15,789
  • Mar 6, 2013 8:42am Mar 6, 2013 8:42am
Some pictures of the trade from last night.
Tonight will be a different night, we take what
the market gives us...

snarlyjack
Attached Image(s) (click to enlarge)
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  • #15,790
  • Mar 6, 2013 9:07am Mar 6, 2013 9:07am
Quoting snarlyjack
Ok...Results fron last night's trades.

It's 7:00a.m. Montana time and I just liquidated out f my trades (I'am still half asleep).

1). Short eur/usd = 17 points.
2). Short gbp/usd = 34 points.
3). Total pips for the night = 51 pips

Worked out pretty well I thought! Whenever I make money it puts a smile on my face.

I hope this whole process helped someone...

snarlyjack
Im surprised that you didnt hold your position till VBRN on GBPUSD
Any reason ?
Im on both the trades according to X-man 4h method. I just breakeven on both trades now.
Your posts helped me a lot to open those positons. Thanx a lot
Hope you reply.
  • #15,791
  • Mar 6, 2013 9:19am Mar 6, 2013 9:19am
Winner,

Eelfranz and I are more of what I call "time traders".
I like to set my trades on the London market at 12:00 a.m. - 1:00 a.m.
my time and liquidate out at 7:00 a.m. my time (N/Y open). I try
to get in on a strong move, make my money and get out.
I'am up $500. for the night and now I can go play. There are
probably better ways of doing it (liquidating, the move to the last second)
but I don't care. I really don't like to hassle with the market.
It works for me...

snarlyjack
  • #15,792
  • Mar 6, 2013 9:36am Mar 6, 2013 9:36am
Quoting snarlyjack
Winner,

Eelfranz and I are more of what I call "time traders".
I like to set my trades on the London market at 12:00 a.m. - 1:00 a.m.
my time and liquidate out at 7:00 a.m. my time (N/Y open). I try
to get in on a strong move, make my money and get out.
I'am up $500. for the night and now I can go play. There are
probably better ways of doing it (liquidating, the move to the last second)
but I don't care. I really don't like to hassle with the market.
It works for me...

snarlyjack
Oh ok . I understand now.
  • #15,793
  • Mar 6, 2013 9:37am Mar 6, 2013 9:37am
Do not take this message wrong snarlyjack but you took a short last night when there was no cross tdi or at least the cross was not still at the entrance.
Yes, everyone trades just a bit different purpose I wait for a good crossing
of the "TDI" (green through red). If you do not wait you Might Have
a bounce trade going in the other direction
this is what I think we can take signals with experience even if there is no crossover but with the trend.
Thank you for your post
  • #15,794
  • Mar 6, 2013 10:21am Mar 6, 2013 10:21am
Their is a song that they play at the University of Montana
football games. That I think is really appropriate to trading.
You should go on u-tube and listen to it. The song has helped
me with my trading...it help's get my mind straight.

Welcome to the jungle by guns and roses
(P.S. it's a hard rock song for those of you who don't like rock & roll)

My thought's for the day...

snarlyjack
  • #15,795
  • Mar 6, 2013 12:49pm Mar 6, 2013 12:49pm
Quoting snarlyjack
Some pictures of the trade from last night.
Tonight will be a different night, we take what
the market gives us...

snarlyjack
Snarly sir, A Big Request!
Can you please put your chart here tonite WHEN you take a trade so we also can see the position of TDI at 4 hr tonite at 9est.??
Thanks in advance.
Because I DID NOT SEE any TDI signal last nite at my time 8 pm cst!!!
  • #15,796
  • Mar 6, 2013 2:31pm Mar 6, 2013 2:31pm
Hi ..

i have been trading using this method for more a month & 6 days now , i trade on time frames less than 1 hour specially 5M tf ..
i started with account of 50,000 ... today the balance is 165,412
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  • #15,797
  • Mar 6, 2013 2:52pm Mar 6, 2013 2:52pm
Quoting khalidhassan
Hi ..

i have been trading using this method for more a month & 6 days now , i trade on time frames less than 1 hour specially 5M tf ..
i started with account of 50,000 ... today the balance is 165,412
very nice and interesting.
can you show us a setup?
you trade with any other filter, or just in the HT direction?
  • #15,798
  • Mar 6, 2013 3:12pm Mar 6, 2013 3:12pm
Quoting khalidhassan
Hi ..

i have been trading using this method for more a month & 6 days now , i trade on time frames less than 1 hour specially 5M tf ..
i started with account of 50,000 ... today the balance is 165,412

Hi there,

Well you will notice that when you go live, this streak will no longer be the same. As you now will have to deal with emotions. So I suggest you ditch the demo and open up a micro account and go live then you will know if you really have cracked it or not. Demo and Live trading have and will never be the same. Try it and let us know the result.

In any case, well done as that result you have in demo is good and may just show that you do have what it takes.

All the best Bro!!
Born to rule my Economic World and Make a Difference!
  • #15,799
  • Mar 6, 2013 3:15pm Mar 6, 2013 3:15pm
Quoting khalidhassan
Hi ..

i have been trading using this method for more a month & 6 days now , i trade on time frames less than 1 hour specially 5M tf ..
i started with account of 50,000 ... today the balance is 165,412
I don't know about this... this is a demo and easy to use "play" money. Would you risk 10 lots on a trade if it was real money? Heck, a 10 lot trade with a 50 pip loss would be a $5,000 loss, or 10% of your beginning account. However this does show how powerful this method could be. I wonder what your results would have been if you were only risking 1-3% of your account balance at any given time, and following a sound MM practice.
  • #15,800
  • Mar 6, 2013 3:45pm Mar 6, 2013 3:45pm
Quoting khalidhassan
Hi ..

i have been trading using this method for more a month & 6 days now , i trade on time frames less than 1 hour specially 5M tf ..
i started with account of 50,000 ... today the balance is 165,412
Wow that is impressive. But 5 minute chart? I always wondered how the tdi would work on such a small time frame, wouldn't there be a lot of 'burps' to use a non technical term?

I still believe the original 4 h approach is the best way to go but I'm open to being convinced otherwise. I wonder if you can post some chart setups on the shorter time frame.
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