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  • #83,241
  • Nov 8, 2017 4:36am Nov 8, 2017 4:36am
Quoting sixbuttons
Hi all - I appreciate this thread has turned from its original purpose, but just starting out with Big E's method (time modified as my timezone is GMT - taking entries at 8, 12, 16 GMT and closing all by midnight - no entries taken after 16) and wondering if anyone can take a quick look at my demo charts and tell me if I did the right/wrong thing in each case. In some cases I didn't get in at the beginning of the candle due to time constraints but I'm more asking the question if I'd got in at the start of the candle if the pattern is right. chart...
I think you should pay attention to a couple of things:
- your chart is zoomed in too much
- your indicators take up more space than the price action
  • #83,242
  • Nov 8, 2017 4:52am Nov 8, 2017 4:52am
Quoting bistolis
{quote} I think you should pay attention to a couple of things: - your chart is zoomed in too much - your indicators take up more space than the price action
Thank you Bistolis, I zoomed in the charts for taking the screenshots but I certainly take your point about the indicator sizes, I will adjust

What do you think of my entry points?
  • #83,243
  • Nov 8, 2017 5:24am Nov 8, 2017 5:24am
Quoting dkrock
{quote} If your indicators are dialed in, you don't need candles, except to place catastrophic stop losses. Your indicator signals will tell you when to enter and exit.
that is interesting.
for me this would be a recipe for disaster
  • #83,244
  • Nov 8, 2017 5:24am Nov 8, 2017 5:24am
Quoting adanielg
What's the difference between TDI Real Time and the "original"
The original TDI was written to update on the close of a candle. This has two effects. If the candle is a head fake, it keeps you in the trade. If the candle is a spike reversal, you are late to exit/enter.

The TDI is based on RSI measurements using settings based on Fibonacci values which have little to nothing to do with live price movement. The Bollinger Bands are further enhanced to a deviation of 1.6 for an unknown reason.

Changing the value of the periods does not change the design. It only alters the signal line in reference to the level lines. The standard level lines are 0, 32, and 68, which also do not align to market movement and have little to no meaning.

While many people use the original and/or the real time TDI version(s), it was created using Fibonacci numbers (made up) and not against market analysis of the proper values. In other words, it is "off" from properly measuring market movement, but "close enough" for people to still try using it. It is definitely better than guessing.

Let me guess that some people's feathers are rattled now, but I created something similar using QQE many years ago before I knew Dean had invented a TDI. When I finally saw a TDI, I recognized the design, but it did not compare very well to mine, so I have such an opinion. It is a great tool though, much better than most. It is just not as accurate as it could be because there was no analysis used to determine the settings. No big deal. Self-fulfilling prophecy at this point.
You cannot be extraordinary by being normal
  • #83,245
  • Nov 8, 2017 5:31am Nov 8, 2017 5:31am
Quoting sixbuttons
{quote} Thank you Bistolis, I zoomed in the charts for taking the screenshots but I certainly take your point about the indicator sizes, I will adjust What do you think of my entry points?
post please again the losing trades and try this: remove all indicators and use a plain chart showing your entry point and your usual template, side by side
  • #83,246
  • Nov 8, 2017 5:51am Nov 8, 2017 5:51am
Quoting dkrock
{quote} Yeah, I surmised that when I saw you talking about candle shapes or something. No worries My response was to sixbuttons.
I certainly can't trade like that. Nowadays I don't look much at the TDI, just for confirmation on higher timeframes ( H4, D )
  • #83,247
  • Nov 8, 2017 6:18am Nov 8, 2017 6:18am
taking profits whenever possible
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the cautious seldom err....C
  • #83,248
  • Nov 8, 2017 6:28am Nov 8, 2017 6:28am
Quoting bistolis
{quote} post please again the losing trades and try this: remove all indicators and use a plain chart showing your entry point and your usual template, side by side
Will do shortly

Quoting dkrock
{quote} Yeah, I surmised that when I saw you talking about candle shapes or something. No worries My response was to sixbuttons.
Understand your style but for BigE's system isn't checking the previous candle and any major pullbacks a big part of the strategy?

Again I'm still learning so if there's a better way I'm all ears
  • #83,249
  • Nov 8, 2017 6:50am Nov 8, 2017 6:50am
300pips today thanks to gbp
Attached Image
  • #83,250
  • Nov 8, 2017 7:00am Nov 8, 2017 7:00am
2nd trade and perhaps done for the day as I have to spend several hours running errands soon
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the cautious seldom err....C
  • #83,251
  • Nov 8, 2017 7:10am Nov 8, 2017 7:10am
Quoting dkrock
{quote} I understand. Most people can't. I used blacked out charts to evaluate my signals. When I could trade without seeing the candles, and the entry/exit was where I wanted it to be when I put the candles back on, then I knew my template was finished. But, it is different styles for different people. I needed that level of confidence, that high of probability, and the ability to ignore the market maker's number one weapon...creating anxiety from candle fluctuations. Other people need other things.
i like your view. I have been reading your posts for the last hour
  • #83,252
  • Edited 1:45pm Nov 8, 2017 7:53am | Edited 1:45pm
Quoting sixbuttons
{quote} Understand your style but for BigE's system isn't checking the previous candle and any major pullbacks a big part of the strategy? Again I'm still learning so if there's a better way I'm all ears
I have no idea. I am not part of TMS. I think your biggest issue is that time frame might be too big for you. It looks like you are jumping in rather than using signals. No problem. You'll figure it out. Good Luck.
You cannot be extraordinary by being normal
  • #83,253
  • Nov 8, 2017 8:36am Nov 8, 2017 8:36am
Quoting dkrock
{quote} The original TDI was written to update on the close of a candle. This has two effects. If the candle is a head fake, it keeps you in the trade. If the candle is a spike reversal, you are late to exit/enter. The TDI is based on RSI measurements using settings based on Fibonacci values which have little to nothing to do with live price movement. The Bollinger Bands are further enhanced to a deviation of 1.6 for an unknown reason. Changing the value of the periods does not change the design. It only alters the signal line in reference to the...

Thanks for your answer dkrock! So, actually you use the TDI with some kind of techical analysis like S&R? Or only the TDI like eelfranz used it.

I saw some use pivot points or S&R zones to get more confidence with the TDI signals. Which one is better from your experience?

Thanks!
  • #83,254
  • Nov 8, 2017 9:52am Nov 8, 2017 9:52am
Quoting adanielg
{quote} Thanks for your answer dkrock! So, actually you use the TDI with some kind of techical analysis like S&R? Or only the TDI like eelfranz used it. I saw some use pivot points or S&R zones to get more confidence with the TDI signals. Which one is better from your experience? Thanks!
I think he has developed his own indicators, matching his taste and trading personality
  • #83,255
  • Nov 8, 2017 10:14am Nov 8, 2017 10:14am
hi emmanuel
Will my analysis correct?
Please tell me what to do?
thanks
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Do not understand English, forgive me with google translation
  • #83,256
  • Nov 8, 2017 12:16pm Nov 8, 2017 12:16pm
GBPCAD

Price still in Weekly Control Candle
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  • #83,257
  • Edited 1:42pm Nov 8, 2017 1:15pm | Edited 1:42pm
Quoting adanielg
{quote} Thanks for your answer dkrock! So, actually you use the TDI with some kind of techical analysis like S&R? Or only the TDI like eelfranz used it. I saw some use pivot points or S&R zones to get more confidence with the TDI signals. Which one is better from your experience? Thanks!
Hello. I did not see a response to your question, so I answered it for you. There are many ways to trade the market, but since I don't do it like this I cannot offer any advice. Sorry. Just meant to explain the TDI. Good Luck.
You cannot be extraordinary by being normal
  • #83,258
  • Nov 8, 2017 1:33pm Nov 8, 2017 1:33pm
Quoting s854110
hi emmanuel Will my analysis correct? Please tell me what to do? thanks {image} {image} {image}
I guess looking at the GBPCAD D1 chart if you look to the left it's come down to a possible area of support ie several previous highs. Watch how price reacts at this point, will support hold, or will it go through?
  • #83,259
  • Nov 8, 2017 4:59pm Nov 8, 2017 4:59pm
Hello, in the ME/ME money management strategy, the 4-hour delay between the positions (ME) is present only between the first and the second position? Or it is present also between the second and the third and the third and fourth and so on?

Thank you.
  • #83,260
  • Nov 8, 2017 5:46pm Nov 8, 2017 5:46pm
EURGBP Week 45 Nov 09 update:

Who have been selling EG for months and waiting for it to dropped to 0.8500?

I don't know how long it will take to go down to that level and if I have many sell positions, my account will be locked in DD for months and I would have missed many other trading opportunities.

Well, I look at EG today opening and saw that yesterday its 10EMA has caught up with its Close price when NY closed.

When I do my analysis in realtme markets to get the feel what is going on, I look at common tools used by many different systems.
basically what I look for is significant price leveles where there is CONFLUENCE of severeal different support / resistance used by by different system traders. This allow me to see what the market herd is seeing also.

EURGBP chart below Nov 09.
Watch price closely and how any moving average will be updated.
Remember we do not trade moving averages, we use them as trading aid to view the market just like all other trading tools. Trading aids will help us make informed decisions taking away any guess work. Again, these tools are no holy grail.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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