TDI Shark Fin
RULES
NO Trolls.
NO discussion of other non related systems.
NO discussion of commercial materials (Brokers, Paid Products, etc)
NO attacking and disrespecting other members.
You can add tweaks to the system, but NOT change the Main Concept!
Sharing other indicators not related will be ignored.
This group focus on manual leaning approach, automation is not the strategy
Using the thread as means in getting monetary benefits like donations
RULE BREAKERS WILL BE IGNORED WITHOUT NOTICE!
Disclaimer - I've been trading for 5 years. Trading is not my only source of income. I like to test systems, it's part of the fun for me. I'm not claiming this is a perfect system, but it gets you on the right side of the market a very high percent of the time. Most importantly, please add, remove or modify anything surrounding the system as long as the core concept remains - we're all here to make as much money as possible.
Any time frame
Buy Rules:
1) Green line should be below the red line, and the outer blue bands
2) Green line creates a "Shark Fin" or a sharp angle up towards the blue band. The larger and sharper the better. The green line should be very close to the blue band ( examples below of what a good, better and best setup looks like)
3) Discretionary filters align (I use a custom volume filter)
Sell Rules:
1) Green line should be above the red line, and the outer blue bands
2) Green line creates a "Shark Fin" or a sharp angle down towards the blue band. The green line should be very close to the blue band ( examples below of what a good, better and best setup looks like)
3) Discretionary filters align (I use a custom volume filter)
Exit Rules:
How you exit the trade can vary so drastically based on a number of variables. I don't want to overfit a rigid rule for exiting. Play around with it, do some research and see what works for you
How I exit (as a scalper): I typically trade on M5 or M1 - I set a very small SL, and exit no matter on the next candle in profit. (better for fast moving markets)
Other exit ideas: 1:1 with recent swing. Set number of pips based on ATR or pair. Targeting market structure like supply and demand, fair value gaps, support and resistance or key levels
Ideology behind the system:
It's simple, the TDI is accurate...and the Shark Fin pattern is more accurate. In addition to a few other confluences you can get around 75 to 80% accuracy easily
Concept exemplified by screenshots:
Shark Fins
Shark Fin Weak -
Multiple Shark Fins -
Indicators:
TDI:
Volume Filter:
https://www.tradingview.com/script/I...ults-Explorer/
RULES
NO Trolls.
NO discussion of other non related systems.
NO discussion of commercial materials (Brokers, Paid Products, etc)
NO attacking and disrespecting other members.
You can add tweaks to the system, but NOT change the Main Concept!
Sharing other indicators not related will be ignored.
This group focus on manual leaning approach, automation is not the strategy
Using the thread as means in getting monetary benefits like donations
RULE BREAKERS WILL BE IGNORED WITHOUT NOTICE!
Disclaimer - I've been trading for 5 years. Trading is not my only source of income. I like to test systems, it's part of the fun for me. I'm not claiming this is a perfect system, but it gets you on the right side of the market a very high percent of the time. Most importantly, please add, remove or modify anything surrounding the system as long as the core concept remains - we're all here to make as much money as possible.
Any time frame
Buy Rules:
1) Green line should be below the red line, and the outer blue bands
2) Green line creates a "Shark Fin" or a sharp angle up towards the blue band. The larger and sharper the better. The green line should be very close to the blue band ( examples below of what a good, better and best setup looks like)
3) Discretionary filters align (I use a custom volume filter)
Sell Rules:
1) Green line should be above the red line, and the outer blue bands
2) Green line creates a "Shark Fin" or a sharp angle down towards the blue band. The green line should be very close to the blue band ( examples below of what a good, better and best setup looks like)
3) Discretionary filters align (I use a custom volume filter)
Exit Rules:
How you exit the trade can vary so drastically based on a number of variables. I don't want to overfit a rigid rule for exiting. Play around with it, do some research and see what works for you
How I exit (as a scalper): I typically trade on M5 or M1 - I set a very small SL, and exit no matter on the next candle in profit. (better for fast moving markets)
Other exit ideas: 1:1 with recent swing. Set number of pips based on ATR or pair. Targeting market structure like supply and demand, fair value gaps, support and resistance or key levels
Ideology behind the system:
It's simple, the TDI is accurate...and the Shark Fin pattern is more accurate. In addition to a few other confluences you can get around 75 to 80% accuracy easily
Concept exemplified by screenshots:
Shark Fins
Shark Fin Weak -
Multiple Shark Fins -
Indicators:
TDI:
Volume Filter:
https://www.tradingview.com/script/I...ults-Explorer/
