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Trading Made Simple

  • #85,061
  • Jan 3, 2018 10:29am Jan 3, 2018 10:29am
Quoting The Cableguy
{quote} I don't know what TDI is, or how to add it etc... In all honesty, i'm with Div here, indicators lag. By using PA alone, the entries are much earlier and in the end, you will fine tune yourself into reacting along with the market. {image}
Great chart, that’s good enough for me
Trading thin liquidity at the boundary of the charts
  • #85,062
  • Jan 3, 2018 10:53am Jan 3, 2018 10:53am
Awesome setups on that chart CG
  • #85,063
  • Jan 3, 2018 10:56am Jan 3, 2018 10:56am
Quoting freedom48
Good day all, my today trades of mix...Not the very correct TMS, but I will show examples of all trades I took today. I did not use any TP or SL...I can understand if you say they are some out of TMS rules, but they are my decisions. I am mixing some rules with mines..So you will see alo the losers. I am still not out and will close them soon. So far +400 USD{image}{image}{image}{image}{image}{image}{image}{image}{image}{image} NOTE: I HAVE FEW MORE BUT İT DOES NOT ALLOW ME TO POST MORE İN ONE SINGLE POST... I WANTED TO POINT OUT YOU HAVE...
Super awesome posts 48 !

I am suprised that you dont have multiple entries for EURUSD at this extreme spot
Whatever is happening right now has happened before and will happen again.
  • #85,064
  • Jan 3, 2018 10:58am Jan 3, 2018 10:58am
with nfp ahead, there is any target area for EUR?
Whatever is happening right now has happened before and will happen again.
  • #85,065
  • Jan 3, 2018 12:28pm Jan 3, 2018 12:28pm
Quoting RickM
GBPUSD - Oh, by the way, there was a good TDI Cross for confirmation {image}
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  • #85,066
  • Jan 3, 2018 1:06pm Jan 3, 2018 1:06pm
Just a thought, but why doesn't anyone combine the crossover idea together with Divergence? Both Regular for trend change and Hidden for trend continuance. Once it is present (and it wants to be a strong dose in the case of Regular), then trade the next crossover, as opposed to trying to get the first cross...

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GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #85,067
  • Jan 3, 2018 2:52pm Jan 3, 2018 2:52pm
I don't trade forex and I don't trade 4hr charts I use 512 tick charts in futures but the principle is still the same the tdi would have kept me out of these 4 trades in 30 minutes of trading for about 100 pips you be the judge
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  • #85,068
  • Jan 3, 2018 3:17pm Jan 3, 2018 3:17pm
I want to mark on my charts when each session begins and ends. I am on EST but my broker uses GMT+2. Do I mark the sessions according to my current time zone or my broker's time zone? So confused.... :-(
Don't mind me....just honing in on my craft :-)
  • #85,069
  • Jan 3, 2018 3:44pm Jan 3, 2018 3:44pm
Quoting The Cableguy
Just a thought, but why doesn't anyone combine the crossover idea together with Divergence? Both Regular for trend change and Hidden for trend continuance. Once it is present (and it wants to be a strong dose in the case of Regular), then trade the next crossover, as opposed to trying to get the first cross... {image}
Looks like a good idea, I will run it through a demo next week
Trading thin liquidity at the boundary of the charts
  • #85,070
  • Jan 3, 2018 4:40pm Jan 3, 2018 4:40pm
Quoting mnmnmmnnmnmn
{quote} Super awesome posts 48 ! I am suprised that you dont have multiple entries for EURUSD at this extreme spot
Thank you, I will try to do some better. The original strategy is already very good and you have to cover it with some intelligence manual reactions. Sure there will be also some bad days, but important is the total outcome in a longer period. The TMS do not help traders with inpatient behave and fast in-out jumpings, especially in higher TF So lets continue the same and wish to make the correct mixture.
" Accepting losses is the most important single investment devise "
  • #85,071
  • Jan 3, 2018 4:54pm Jan 3, 2018 4:54pm
Quoting fleurdelys
{quote} My setup yesterday on EUR JPY Post 84,975 was correct? I closed after 4 candles (loss) because it was flat {image}
You sold right into a danger area, because you look at the TDI only, instead of looking at the whole chart. Next time, take a better look and be more careful.
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  • #85,072
  • Jan 3, 2018 4:54pm Jan 3, 2018 4:54pm
Quoting Tekkies
{quote} fleurdelys. Post #115 A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side). Look at this Post 84,973 Chart no 4 EURJPY HI See how clean chart is. Only 3 indicator's - 5EMA typical(shift2) - Heiken Ashi - TDI {image}
There is PA there, which you do not like. Candles 1 and 2 are BEEB pattern, and candles 3 and 4 are BEOB pattern.
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  • #85,073
  • Jan 3, 2018 4:55pm Jan 3, 2018 4:55pm
Quoting The Cableguy
Just a thought, but why doesn't anyone combine the crossover idea together with Divergence? Both Regular for trend change and Hidden for trend continuance. Once it is present (and it wants to be a strong dose in the case of Regular), then trade the next crossover, as opposed to trying to get the first cross... {image}
When I stopped using the TDI, I still had it on my chart and I was looking at divergence. I preferred the hidden ones, as they are with the trend, and when I spotted the regular ones, I waited, because (as John Hayden says) regular divergence marks a pullback coming, so it's counter-trend. Therefore, I waited for the retrace to finish, and then enter. I like you're thinking.
  • #85,074
  • Jan 3, 2018 5:58pm Jan 3, 2018 5:58pm
Quoting catalin_eros
{quote} There is PA there, which you do not like. Candles 1 and 2 are BEEB pattern, and candles 3 and 4 are BEOB pattern. {image}

Instead of saying "look at the candles at the last reversal, are the candle big, little, or what..."

We use simple and specific names which are commonly adopted by traders in the trading community.

"big and small or little,..." are subjective.
What looks like big to you may be small to others.
What looks like small to you may be big to others.

Anyway, we did not create those price bar patterns. These are found in many trading books.
FF member strat uses these in his "The PATH".
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,075
  • Jan 3, 2018 6:06pm Jan 3, 2018 6:06pm
Quoting catalin_eros
{quote} When I stopped using the TDI, I still had it on my chart and I was looking at divergence. I preferred the hidden ones, as they are with the trend, and when I spotted the regular ones, I waited, because (as John Hayden says) regular divergence marks a pullback coming, so it's counter-trend. Therefore, I waited for the retrace to finish, and then enter. I like you're thinking.


John Hayden did not invent the TDI. He wrote that RSI book.
He created what want then commonly know as Fozzy-RSI.
Before him was another well know trader/author/coach ... in the 1970's
But when we use the RSI, divergence between price and its momentum shown by the RSI is one of several things we can look for and to trade them.

Traders Dynamic Index aka TDI is just one of those fancy names created for marketing reasons to sell, sell, sell,.......
Ask yourself why use 68-level and 32-levels on the TDI?
Why not simply use the most common defaults in the RSI lke 70 and 30 levels.

Is 68 more accurate than 70 and is 32 more accurate than 30?

BTW, there are few RSI indicator with divergence signals. You don't need to buy that TDI with divergence.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,076
  • Jan 3, 2018 6:20pm Jan 3, 2018 6:20pm
Quoting The Cableguy
{quote} I don't know what TDI is, or how to add it etc... In all honesty, i'm with Div here, indicators lag. By using PA alone, the entries are much earlier and in the end, you will fine tune yourself into reacting along with the market. {image}

I like to put it in different way,

Price Action trading is leading edge over the use of the lagging technical indicators including the TDI which are derived from the price and its action.

After 5 years of active trading, you should be confident to demote the TDI and use more PriceAction in your trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,077
  • Jan 3, 2018 6:25pm Jan 3, 2018 6:25pm
Quoting eelfranz
For those not having a MT4 Platform : In place of the TDI -> use the CCI set to 6 and for the level enter a 0.0 line. When the line crosses the 0.0 line you normally have a set up. This info was PM'ed to me ...

You can use the CCI in the place of the TDI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,078
  • Jan 3, 2018 6:33pm Jan 3, 2018 6:33pm
Jan 04, 2018

be careful folks, as the big boys are back after the holidays and NFP tomorrow,

look carefully when you are selling USD. it needs a correction before the next big move.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,079
  • Jan 3, 2018 6:35pm Jan 3, 2018 6:35pm
Trading is all about probability market moves from demand (more buyers ) to supply ( more sellers) when you couple it with market structure you have a road map of whats moving the market. when you learn this then TRADING WILL BE SIMPLE
  • #85,080
  • Jan 3, 2018 6:40pm Jan 3, 2018 6:40pm
GBPUSD

H4 yesterday

D1 today

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know the risks, use Stop Loss and %Risk and do your trade Position Sizing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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