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Lower risk, stress free TDI system

  • #5,701
  • Apr 17, 2020 6:57am Apr 17, 2020 6:57am
Just passing through! Seems like good I will try it!
Swimming with sharks!
  • #5,702
  • Apr 17, 2020 9:38am Apr 17, 2020 9:38am
Quoting chandana47
Just passing through! Seems like good I will try it!
we should start a telegram group on this , anyone still successfully using this strategy ? 4h or daily ?
  • #5,703
  • Apr 17, 2020 9:40am Apr 17, 2020 9:40am
Wonder if this system is better or easier than Robin Hood’s trade made simple r
??
or genesis on 4h ?
  • #5,704
  • Apr 17, 2020 10:08am Apr 17, 2020 10:08am
Quoting Bluejay12
Wonder if this system is better or easier than Robin Hood’s trade made simple r ?? or genesis on 4h ?
Thank you DR Dave for you reply . I don’t know how to send pM from my phone ...

I have been trying genesis on 4h with daily confirmation last week , the histogram style , genesis was designed for 5 and 15 min but I wanted to try it on higher TF .. I then tried tms with failure , then found robinhoods simple R to be better but I like the simplicity of this tdi X with stochastic ... dr Dave do you use anything else special ? Any adjustments in tdi settings , additional tools ?

do you trade this same was as described in first post ? 4h charts ? With success ?

I can focus on this next week to get actual but figured I would ask some people with lots of history using it ...

so basically whenever the red X green , or green X red above or below the yellow line . It’s a valid entry ? Wait for candle close to assure cross is still there , And TP is pre set or taken at opposite red , green cross ? Stop loss set to prior swing or 3 candles back ? Thanks for the help and advise
  • #5,705
  • Apr 18, 2020 6:57am Apr 18, 2020 6:57am
Quoting Bluejay12
{quote} we should start a telegram group on this , anyone still successfully using this strategy ? 4h or daily ?
Good idea!!
Swimming with sharks!
  • #5,706
  • Apr 18, 2020 7:43am Apr 18, 2020 7:43am
Quoting chandana47
{quote} Good idea!!
Yup . How many would be interested ?
  • #5,707
  • Apr 18, 2020 1:48pm Apr 18, 2020 1:48pm
i am interested for telegram group
  • #5,708
  • Apr 26, 2020 4:43pm Apr 26, 2020 4:43pm
Quoting Tekkies
{image} a trade in progress agree with monaghan Keep it simple. Indicators only show what happened in the past indicators hope they are right and the market seldom if ever listen to indicators APB or Heiken Ashi hides the Price Action You do not see doji's or engulfing bars or three white soldiers

Tekkies

------
Keep it simple.
Indicators only show what happened in the past
indicators hope they are right and the market seldom if ever listen to indicators
APB or Heiken Ashi hides the Price Action
You do not see doji's or engulfing bars or three white soldiers
------

which means the same ... that Traders Dynamic Index is lagging....cannot tell the future.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5,709
  • Apr 26, 2020 7:13pm Apr 26, 2020 7:13pm
Quoting Tekkies
The key to building confidence is to study old charts... look at the TDI moves and how it looks on PA so every time you see that same set up you will know your odds for success are high. NonLagMa v71 and Supertrendprofit4 showing their difference on Chart {image}
That is not 100% true.

Disclaimer
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.

The 5 Fundamental Truths of Trading by Mark Douglas

1. Anything can happen.

2. You don’t need to know what is going to happen next to make money.

3. There is a random distribution between wins and losses for any given set of
variables that define an edge.

4. An edge is nothing more than an indication of a higher probability of one thing
happening over another.

5. Every moment in the market is unique.

One of several keys to building confidence is to trade in live market conditions and learn from the teacher, learn from every win and every loss, ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5,710
  • Jun 18, 2020 2:08pm Jun 18, 2020 2:08pm
Hello, quick question, for method 1 which is day entry and maybe for H4 entry to at sydney open.
Usually there is a signal when sydney openes and if you trade, there will be a huge spread. do you open a trade 1 hour after sydney open or something?
  • #5,711
  • Jun 25, 2020 11:57am Jun 25, 2020 11:57am
Quoting Bluejay12
{quote} we should start a telegram group on this , anyone still successfully using this strategy ? 4h or daily ?
I know this thread is pretty much dead, but I thought I'd reply anyway. Yes, I am still using this on H4 an D1, since March 2018 with a demo account. I am planning to go live soon now that I feel confident enough. 69 trades, +109%, profit factor 7,80... not bad eh? With a more aggressive lot size the return could be even better.
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  • #5,712
  • Jun 29, 2020 2:34am Jun 29, 2020 2:34am
Interesting, would you share your Myfxbook link please?
  • #5,713
  • Jul 2, 2020 12:43am Jul 2, 2020 12:43am
I will not share the link because it's a private account, but I can share some lessons I've learnt.

Learn from your mistakes
First, evaluate your bad trades in myfxbook and log your comment for future reference. What I did was create to tags, "TDI" and "mistake". The chart I shared only included the "TDI" tag, so the real performance was less (83% instead of 109%). But it does show that if you follow the rules, the "real" TDI trades would have lead to a 109% return.

Do not chase price movements.
As for my mistakes, the most common mistake is chasing the price movement due to FOMO "fear of missing out". Always stick to the rules, wait for the last candle to close, if the TDI setup still looks good, open a trade, ideally with a stop order a few pips in the direction of the trade. If there are still e.g. 30 minutes left in the H4 candle, don't trade yet but wait. The picture can change a lot in the last minutes of the candle.

Don't enter a trade late.
Conversely, do not open trade too long after a TDI signal was confirmed. I sometimes opened a trade one or two candles too late, then the price has already made it's biggest move and chances are it will reverse and stop you out. If you are too late, tough luck, wait for the next setup.

Don't trade a flat TDI
Don't trade when the TDI is flat, moving sideways, or around the 50. Ideal setups are when the TDI is above 70 or below 30 and then breaks sharply. If you enter a trade with the TDI flat, the movement will likely not be very strong and you can get whipsawed.

Be careful when the last candle was large
If the TDI breaks sharply due to the last candle being very large (e.g.40+ pips), be very careful. Use stop orders to confirm that the trade continues, or simply let this one go. Often a sharp movement is caused by some type of news event and prices often reverse after.

Keep an eye on resistance and support patterns.
Duh... stay away if the price is near support or resistance.

Forget about the WS30, SPX, DAX, etc.
Don't try to trade reversal on the stock markets, they are a lot less predictable than currencies. I have seen perfect TDI setups on stock indexes, only to see the price move in the opposite direction a few minutes later.
  • #5,714
  • Jul 7, 2020 4:33am Jul 7, 2020 4:33am
Quoting dominick1982
I will not share the link because it's a private account, but I can share some lessons I've learnt. Learn from your mistakes First, evaluate your bad trades in myfxbook and log your comment for future reference. What I did was create to tags, "TDI" and "mistake". The chart I shared only included the "TDI" tag, so the real performance was less (83% instead of 109%). But it does show that if you follow the rules, the "real" TDI trades would have lead to a 109% return. Do not chase price movements. As for my mistakes, the most common mistake is chasing...
You use Both of the explained Methods to Enter the Market? How will you Take TP and what is your SL?
  • #5,715
  • Sep 23, 2020 7:48am Sep 23, 2020 7:48am
Quoting chandana47
{quote} Good idea!!
telegram group interest anyone? i will set up account. I would like to trade the daily with this method!!!!!!!!!!!!!!
  • #5,716
  • Sep 23, 2020 6:37pm Sep 23, 2020 6:37pm
Quoting Bluejay12
{quote} telegram group interest anyone? i will set up account. I would like to trade the daily with this method!!!!!!!!!!!!!!
Now I'm trading using different method! But we can still make the group and motivate people!
Swimming with sharks!
  • #5,717
  • Sep 23, 2020 9:38pm Sep 23, 2020 9:38pm
Quoting Bluejay12
{quote} telegram group interest anyone? i will set up account. I would like to trade the daily with this method!!!!!!!!!!!!!!
I´m in!
  • #5,718
  • Sep 23, 2020 11:44pm Sep 23, 2020 11:44pm
Morning all
I will also join
  • #5,719
  • Sep 24, 2020 12:31am Sep 24, 2020 12:31am
Hi guys,

I´ve just created a group in Telegram feel free to join and share experience and possible set ups!

https://t.me/joinchat/O3K7CxBbKPynPoT7MTmpuw

Best,
CGN
  • #5,720
  • Sep 24, 2020 5:49am Sep 24, 2020 5:49am
Quoting chandana47
{quote} Now I'm trading using different method! But we can still make the group and motivate people!
what trading system are you using now other than this one?
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