{quote} You need to find your WINNING EDGE and the 5 EMA is not in the winning edge equation.
{quote} You need to find your WINNING EDGE and the 5 EMA is not in the winning edge equation.
{quote} I guess Emmanuel are referring to the 50EMA , just a typo in the pic that he posted . Correct me if i am wrong . I strongly agree with DrDave saying , market are moving by the buyer and seller . Of course you need to find your own winning edge too . Cheers
{quote} hi emmanuel if its range condition on weekly and we buy suport you mean support of wcc? 121.25 area its still support but its middle of wcc we can buy there too?
XAUUSD Jan13 H4 swing Do you believe in a 50EMA can act as support?do you see CONFLUENCE of other "support"? {image}
{quote} XAUUSD Week 03 H4 swing trades Jan 14 update. so far heading in the right direction with +520 pips. will take profit.
{quote} until break low of wcc because its change market condition in selling mode from range mode? also until tdi cross down? or best answer is until ha bar its red I think this is corect asnwer emmanuel you can say what you see in month chart? you are in buy side because all bars in monthly is up and green and also ha bars green or simply because last month bar close with higherhigh higherlow?
{quote} Tekkies I know this would trigger something in your brain .... look at this crappy H4 TDI still pointing down when the price action has move higher. drop those crap TDIs and use the RSI. my conclusion still the same, Too much time is being spent on TDI and Stochastics, Too little time on Price Action and Support/Resistance. And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run. You need to find your WINNING EDGE and the TDI is not in the winning edge equation. {image}...
{quote} Hey Emmanuel , which RSI you are you talking about ? RSI 13 or RSI 3 ? Perhaps both ? So you actually trade without the TDI and replace it with RSI ? Can you show me some example . Thanks and appreciate
{quote} Follow the trading journey of the OP aka Big E the same way he started in 2008 here in Forex Factory. He used the original version (2006/2007) of the Traders Dynamic Index TDI by Dean Malone , CompassFX. The RSI(13) is the default in the original TDI version found in Post#25. Below chart compares both the original TDI version and later realtime version in sub-window_2. In sub-window_3, is the RSI(3) with two moving averages applied to its data, the green line is a EMA(2) applied to the RSI(13) and the red line is a SMA(7) applied to the...
{quote} In sub-window_3, is the RSI(3) with two moving averages applied to its data, the green line is a EMA(2) applied to the RSI(13) and the red line is a SMA(7) applied to the same RSI(13) data.
{quote} So you suggest to use the RSI instead of TDI ? {quote} Correct me if i am wrong . Is it a typo ? The RSI 3 should be RSI 13 isn't it ? Thanks and appreciate
{quote} When you want to trade the way the OP did back in 2011, then use the TDI version in Post#25. Follow his posts and trade the 10PM, 2AM and 6AM candle periods ... follow Post#1, Post#261 and Post#647 with more experience, then you decide which RSI period you want to use - RSI(13) , or RSI(10) or RSI(3) and write your own...
