Trading Made Simple

Quoting kirinda

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If EU 30M TDI/Stoch crossing down now I will probably sell. Reasons: trading from resistance with the trend on 30M/4H. In addition it looks like double top. {image}

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Quoting oradba

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Hey @Emmanuel7788 - I've been reading Strat's PASR thread as part of trying to build a trading system (I took James16's course a lifetime ago, but didn't have the discipline to apply it properly). Came across this example today. {image} If I were trading this chart naked, I would have entered on the second candle after the double top started reversing; but TDI would have had me enter four bars later (Strat's method would have had me wait until approximately the twelfth bar). Why such a disparity between the eyeball indicator and TDI? BTW, am starting...

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Quoting DrDave

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{quote} By BigE's bar rule, you are showing bar 3, which you should have entered at the open. But of course, if you decided that you have enough factors that can mitiigate a late entry. . .

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Quoting kirinda

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{quote} Maybe you misunderstood? At this point I was talking about going short at the resistance NOT going long. I know the BigE 1 or 2 candle rule. Later the TDI/Stock was crossing down but it was to close to red news so I didn't take that trade.

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Quoting DrDave

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{quote} Yes, I did, because looking at the chart that you posted, TDI is not even close to crossing down and not even a single red HA bar has closed yet. So litttle reason to be considering selling by the 5-method, even in the "near future".

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Quoting kirinda

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Long EU 15M. Strong candle 45M after red news. {image}

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Quoting tommydoginti

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{quote} Enter TMS trade with TDI signals with Price Action confirmation {image} Manage trade with trade plan according to TMS. #647 is one approach. Set TPSL upon entry and let it run is the most time-saving way. {image}

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Quoting tommydoginti

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{quote} Sold GU. TDI cross down as price reached previous H. Breached a second previous high but pulse move up stopped there. Sell at TDI cross down. missed TP by 1 pip. Was busy bouldering during news time. SL trailed to +1R {image} {image} {image}

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Quoting kirinda

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{quote} This trade doesn't look good. Exit with a small loss.

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Quoting tommydoginti

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{quote} Hi Kirinda, You can either look for Buy at support / sell at resistance as of BigE’s #647 price action. As you may aware the typical saying “news is to wipe out traders”, look for break of previous highs and lows with strong rejection (ie fake out) and enter with TMS setup or you can stay out of news time as BigE mentioned Always be careful for news in red from FF...

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Quoting oradba

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Hey @Emmanuel7788 - I've been reading Strat's PASR thread as part of trying to build a trading system (I took James16's course a lifetime ago, but didn't have the discipline to apply it properly). Came across this example today. {image} If I were trading this chart naked, I would have entered on the second candle after the double top started reversing; but TDI would have had me enter four bars later (Strat's method would have had me wait until approximately the twelfth bar). Why such a disparity between the eyeball indicator and TDI? BTW, am starting...

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Quoting tommydoginti

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{quote} BigE’s TMS is not aiming to be the first, but be the right direction to trade the price swings. Your “eyeball indicator” is double tops in this example you provided. You predict the next price movement TMS is TDI cross down plus #647 price action, which in this case is rejection from previous high. Price momentum is down with confirmation of double top. You can compare the performance of “prediction” vs “reaction” to the market. Being right is better than being early but often wrong. trade well

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Quoting tommydoginti

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{quote} Strategies and tools that give you “early” signals by predicting the market movement are pretty useless. {image} A good indicator such as TDI with BigE’s TMS price action can let you know the correct timing to trade the high probability directions. Reacting to price momentum and trends. AU is in long term downtrend. Sell at prev H rejection with TDI cross down. Scalpers for long can buy at prev L levels. {image} When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high...

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Quoting kirinda

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Long EU 15M. Strong candle 45M after red news. {image}

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Quoting oradba

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{quote} Actually I used the four-bar method (3 up to the second top, then one down for the swing reversal), looking to enter if the next candle was down, which it was - see the original post. Yes, I used the double top to be alert to the possibility of a reversal, but that was as a potential setup, not a trigger; it was a statistical probability, not deterministic. I submit that the short would be a reaction, not a prediction.

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Quoting tommydoginti

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{quote} Strategies and tools that give you “early” signals by predicting the market movement are pretty useless. {image} A good indicator such as TDI with BigE’s TMS price action can let you know the correct timing to trade the high probability directions. Reacting to price momentum and trends. AU is in long term downtrend. Sell at prev H rejection with TDI cross down. Scalpers for long can buy at prev L levels. {image} When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the...

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Quoting eelfranz

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gmcc, Thanks buddy and I keep trying to help other traders make more pips without having to pay for a bogus trading course. People on our thread have some experience to succeed. This thread is not meant for newbies. Our thread is not about learning the basics of forex trading but it's about teaching a method to traders who are no longer beginners... but intermediate+ I guess. Any newbies here... please go to www.babypips.com[/highlight]...

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Quoting emmanuel7788

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EU Aug 16 Tokyo 7am the first 4hr candle of the day still in action ... dynamic the previous 4hr candle shows 'weak' momentum with a slope 3.2 ... the minimum threshold is 4.0 default setting.... but you need to look the price candles and learn to read the candles then what the lagging TDI #25 is showing... Big E post #3689. {image} >>> Remember all your trading tools are there to help you and only when you have mastered trading and the 5-Method, the tools will not be of any good use. Just the like the TDI it was the OP' helping...

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