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Trading Made Simple

  • #118,161
  • Apr 22, 2021 6:50pm Apr 22, 2021 6:50pm
Quoting emmanuel7788
When using the SHI channel you must know that when the price breaks channel limits, pay attention to the market for the possible change in the market type conditions and also possible 'reversal' or correction. Example EURAUD H4 Apr22, - price reached the SHI upper channel and broke high twice - the current SHI channel remains intact (no update yet), so we must wait for the next few candles to see the change in market type conditions. - when using the SHI channel, you must know its behaviuour. - Do Not use its singly, by itself. Use it with other...

another example to watch the SHI being 'tested' and will update later,

- with experience and knowing the next swing low, you can update your own channel ...

EU Apr 23 H4 Sydney 9am ...

Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr23 H4 SHI 23-4-2021 7-48-15 am.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,162
  • Apr 22, 2021 6:56pm Apr 22, 2021 6:56pm
Quoting emmanuel7788
{quote} another example to watch the SHI being 'tested' and will update later, - with experience and knowing the next swing low, you can update your own channel ... EU Apr 23 H4 Sydney 9am ... {image}

here I draw my own swing high and swing low with channel lines,

each swing must be confirmed with the Stoch and TDI rsi 'signal'.

- is there a potential trend change?

Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr23 mini-swings 23-4-2021 7-52-45 am.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,163
  • Apr 22, 2021 10:29pm Apr 22, 2021 10:29pm
Quoting emmanuel7788
When using the SHI channel you must know that when the price breaks channel limits, pay attention to the market for the possible change in the market type conditions and also possible 'reversal' or correction. Example EURAUD H4 Apr22, - price reached the SHI upper channel and broke high twice - the current SHI channel remains intact (no update yet), so we must wait for the next few candles to see the change in market type conditions. - when using the SHI channel, you must know its behaviuour. - Do Not use its singly, by itself. Use it with other...
Thank you brother so much! The midline of the SHI channel, is it considered a threshold? If trading, then do you search for a setting when the price is in the middle of the SHI channel?
Because if in the middle of the channel, the ratio of R: R will be lower !
  • #118,164
  • Apr 22, 2021 11:51pm Apr 22, 2021 11:51pm
GU rejection at support + swing exhaustion + TDI bounce confirmation.

Attached Image (click to enlarge)
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  • #118,165
  • Apr 22, 2021 11:54pm Apr 22, 2021 11:54pm
Quoting JV1423
{quote} tommy how did you get those indicators on the tradingview
Sorry for late reply. time for work and trading but visit FF less this week.
You can search for TDI from public library of indicators and set it to only show the 2 RSI MAs. Or you can simply add the RSI then 2 MAs as individual indicators.
  • #118,166
  • Apr 23, 2021 2:49am Apr 23, 2021 2:49am
Quoting mistdraw28
{quote} Thank you brother so much! The midline of the SHI channel, is it considered a threshold? If trading, then do you search for a setting when the price is in the middle of the SHI channel? Because if in the middle of the channel, the ratio of R: R will be lower !
The middle channel line is just 50% mark of the SHI channel high-low. I did not find any good use except when the channel is very wide, then the half-way mark may be of significance to look for other support or resistance in the price action.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,167
  • Apr 23, 2021 2:50am Apr 23, 2021 2:50am
Quoting emmanuel7788
{quote} here I draw my own swing high and swing low with channel lines, each swing must be confirmed with the Stoch and TDI rsi 'signal'. - is there a potential trend change?
Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr23 mini-swings 23-4-2021 7-52-45 am.png Size: 54 KB


{image}

- nice Frankfurt Open BUEOB and London Open follow through nicely within the channels.

Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr23 H4 rising channel 23-4-2021 3-44-47 pm.png Size: 52 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr 23 H1 LO FO O23-4-2021 3-45-36 pm.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,168
  • Apr 23, 2021 7:19am Apr 23, 2021 7:19am
Quoting emmanuel7788
{quote} - nice Frankfurt Open BUEOB and London Open follow through nicely within the channels. {image} {image} {image}
Can you give me this indicator ? Looking at it, I will be more confident about going long in the EU today.
Thank you brother for all that you do!
Attached Image
  • #118,169
  • Apr 23, 2021 7:26am Apr 23, 2021 7:26am
Quoting emmanuel7788
{quote} - nice Frankfurt Open BUEOB and London Open follow through nicely within the channels.
Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr 23 H1 LO FO O23-4-2021 3-45-36 pm.png Size: 54 KB

{image} {image} {image}

EU Apr 23

- one last push higher to close Friday this week ....

Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr23 H4 NYO 23-4-2021 8-23-39 pm.png Size: 52 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr23 H1 NYO 23-4-2021 8-23-04 pm.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,170
  • Apr 23, 2021 10:16am Apr 23, 2021 10:16am
Hi there all,

can anybody tell me what the slow moving average is in the tdi indicator,

have a great weekend .

thanks
  • #118,171
  • Apr 23, 2021 11:58am Apr 23, 2021 11:58am
Quoting tommydoginti
GU rejection at support + swing exhaustion + TDI bounce confirmation. {image}
Finish the week with a itchy finger scalp before bed

TDI buy GU 9pips after spread, closed when ready for bed

have a great weekend and green pips to all.
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  • #118,172
  • Apr 23, 2021 2:30pm Apr 23, 2021 2:30pm
Quoting emmanuel7788
{quote} EU Apr 23 - one last push higher to close Friday this week .... {image} {image} {image}

EU New York 3:30PM
One last push towards the Big Round Number 1.2100

Attached Image (click to enlarge)
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Click to Enlarge Name: EU H4 24-4-2021 3-23-09 am.png Size: 52 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,173
  • Apr 23, 2021 10:25pm Apr 23, 2021 10:25pm
Post#11

[quote=eelfranz;4569656]...
I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time.

My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all trades at that time and go back to sleep... There are enough set ups in a normal week to make 200-500 pips... Stress is zero...

If I do any day trading I'll use 1hr charts at news time. Any method and any timeframes are difficult and fast on the 5-15 min charts. That's where most traders get taken to the slaughter and the dealers know it which puts the odds in their favor...

I hate to monitor charts anyway. Even if I scalp the market I use 4hr charts with success....

4hr charts have less noise, less head fakes, less influence by any news. Just has a lot of benefits...

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
quote]

How do you use the 4hr charts and scalp?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,174
  • Apr 23, 2021 10:27pm Apr 23, 2021 10:27pm
Post#11

[quote=eelfranz;4569656]...

I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time.

My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all trades at that time and go back to sleep... There are enough set ups in a normal week to make 200-500 pips... Stress is zero...

If I do any day trading I'll use 1hr charts at news time. Any method and any timeframes are difficult and fast on the 5-15 min charts. That's where most traders get taken to the slaughter and the dealers know it which puts the odds in their favor...

I hate to monitor charts anyway. Even if I scalp the market I use 4hr charts with success....

4hr charts have less noise, less head fakes, less influence by any news. Just has a lot of benefits...

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.


quote]

How do you use the 4hr charts and scalp?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,175
  • Apr 24, 2021 1:02pm Apr 24, 2021 1:02pm
Hello all,
Noob question here - from someone starting this thread from the beginning.
When looking at old charts, and specifically the TDI - the position shown is as per the end of each candle, right? Not the beginning. I find looking at entries confusing because people mark the candle where the cross of the TDI took place - but if that’s the position at the end of the candle, the cross may only have occurred half way through.
Am I making sense?
  • #118,176
  • Apr 24, 2021 6:15pm Apr 24, 2021 6:15pm
Quoting BigKev67
Hello all, Noob question here - from someone starting this thread from the beginning. When looking at old charts, and specifically the TDI - the position shown is as per the end of each candle, right? Not the beginning. I find looking at entries confusing because people mark the candle where the cross of the TDI took place - but if that’s the position at the end of the candle, the cross may only have occurred half way through. Am I making sense?

Hi BigKev67

That's very good when you start at the beginning of this thread and read the OP's post.
Important note: The OP trade with the early version of the TDI which he got from CompassFX. That version is the one ins Post#25. This TDI#25 version default is set to the RSI data Close price and also this TDI#25 version will paint the lines i.e. the RSI green price line at the Close of each bar/candle. Now the fact about this TDi#25 is that when you refresh your charts, the position of the lines would have repainted in old charts.

When you are trading in realtime live market conditions, you look at the actual position of the TDI lines and make your trading decision.

Below is an example EURAUD H4,
this screenshot was taken live on Friday during one of my trading session with a telegram group.

note the remaining time of the H4 bar/candle - 2hours 57minutes 40 seconds,
study both the Stoch and the TDI lines carefully and the price action of the price bars and HA candles.

What do you observe?

Attached Image (click to enlarge)
Click to Enlarge Name: EA APR23 H4 2hr57m40s remaining 23-4-2021 2-02-22 pm.png Size: 56 KB

When you learn from this, you will find the answer to why most TMS traders lost money in the last 10 years and left.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,177
  • Apr 24, 2021 6:19pm Apr 24, 2021 6:19pm
Quoting longman72
Hi there all, can anybody tell me what the slow moving average is in the tdi indicator, have a great weekend . thanks

which slow moving average are you referring to?

they are the same ones you used in 2015.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,178
  • Apr 24, 2021 7:08pm Apr 24, 2021 7:08pm
Hi Emmanuel,

I have just added day trading stocks to my forex trading and have an acc with zero trade in Bahamas ,
i still want to use my TDI indicator as i have used it for so long now that i cant do without it.

I need to make my own custom TDI as its not an Mt4 which i use for my forex trades or if anyone knows of a tdi indicator
that works on zero trade platform and IG index platform that would be great. I use IG index for shorting so i have 2 platforms with no TDI.
I tried loading it from the tdi stats but it does not look the same at all.

Thanks again
  • #118,179
  • Apr 24, 2021 8:55pm Apr 24, 2021 8:55pm
Hi Emmanuel,

Thanks for replying.

From your chart I can see that the TDI cross has occurred on this active bar - which would be too late to enter given the original rules where Eric entered at the start of the candle. I know he also didn’t used to refresh his charts - he’d wait until the close of the candle for it to repaint, and then check the start of the next candle.
So when looking at old charts to try to determine entries, don’t we need a TDI indicator that paints the lines as per the start of each candle rather than the end?
  • #118,180
  • Apr 25, 2021 4:32am Apr 25, 2021 4:32am
Quoting emmanuel7788
{quote} Hi BigKev67 That's very good when you start at the beginning of this thread and read the OP's post. Important note: The OP trade with the early version of the TDI which he got from CompassFX. That version is the one ins Post#25. This TDI#25 version default is set to the RSI data Close price and also this TDI#25 version will paint the lines i.e. the RSI green price line at the Close of each bar/candle. Now the fact about this TDi#25 is that when you refresh your charts, the position of the lines would have repainted in old charts. When you...
Keep growing stronger here Emman and thanks for all your unique contribution here,please is there any tdi here that has alert input signals when the cross over for the entry candle occurs? And the candle change signal arrow for the synergy I am not receiving any alert even though I added it to the candle since there will be no signal if it's not added. Another issue is, can a 3 horizontal lines be added on the chart with the first horizontal line marking the bottom of the first candle which is the entry candle as STOP LOSS....the second line marking the close of the first candle as ENTRY,and the 3rd line marking the TAKE PROFIT of at least 20pips..Rgds
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