Disliked{quote} When I did back tests, sometimes Asian high can be a resistance. This means that the probability of winning rate decrease greatly. This is not easy. Thank you!!Ignored
yes. that is the case sometimes that the Asian high-low are support/resistance.
therefore the trader must make those discretionary decisions all the time and mitigate the risks, and to find the best setups to trade.
finding the best setups follow the OP Post#261 rules and Post#647 (discretionary ) isn't that easy because Post#647 as some say it is subjective - for example what are big candles small candles and there was no clear approach to define consolidation on charts. The 'secret' (if there is) is in the OP old thread where he started as a newbie in 2008 and to learn what he learned from two other traders - Craig Harris and Dean Malone, and also before his old thread, he learned a lot of other stuff from Lance Beggs, Raghee Horner, and also he started in this thread Stochastics Secrets by Red Trader. I can safely say his in better off if he stay with using the Stochastics. The TDI was his 'helping indicator' when he was learning and trading Craig Harris' Natural Flow of the Market. The OP himself said he can trade without the TDI and he has his own experience and reason why he said that in both old and new threads.
The key to trading success in Trading Made Simple is to keep rules simple for entries and exits. It is not just about trading TDI green cross red because there are many green crosses red type of indicator. If anyone looks for another green cross red trading system, then try Fozzy-RSI instead of the many different version of the TDI or also can consider using the standard MACD with settings (2,13,7) to replicate the TDI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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