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Trading Made Simple

  • #141,941
  • Aug 22, 2023 9:50am Aug 22, 2023 9:50am
Quoting Shaggalo
{quote} I don't see exit until candle 8 when TDI goes flat on close.
Hook over is the stage before going flat:
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  • #141,942
  • Aug 22, 2023 11:09am Aug 22, 2023 11:09am
True reversal?
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Never give up!!
  • #141,943
  • Aug 22, 2023 6:12pm Aug 22, 2023 6:12pm
Quoting Haendlerin
True reversal? {image}
No!

You did not read, study and taken notes in the old thread where it started.

#4643
https://www.forexfactory.com/thread/...0#post13232450

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> TDI was used as helping indicator to the True Reversal candle setups
#202
https://www.forexfactory.com/thread/...06#post3327406

>>> 'blending systems/methods' for confluence of 'signals' .... COWABUNGA approach ...



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,944
  • Edited 6:55pm Aug 22, 2023 6:37pm | Edited 6:55pm
Quoting kirinda
Took a EU 4H trade. Will only scalp this trade by taking a TMS TDI hook up exit: {image}

instead of the #6 TDI hook up exit ... , you can consider #557 exit

or consider TMS-II exits with 0.5ATR, 1.0ATR, 2.0ATR and with CP Exit after 0.5ATR.

my UJ Aug22 TMS-II example:
#141,922
https://www.forexfactory.com/thread/...4#post14544304

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,945
  • Aug 22, 2023 6:54pm Aug 22, 2023 6:54pm
Quoting eelfranz
Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average... .......

UJ Aug 23 H4 Tokyo 8am

- in the narrow range-bound trending Market Type I,

- it will not run 3 to 8 candles

- how do you determine the Market Type I and if it is narrow range-bound?


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,946
  • Aug 22, 2023 6:59pm Aug 22, 2023 6:59pm
Quoting emmanuel7788
{quote} UJ Aug 23 H4 Tokyo 8am - in the narrow range-bound trending Market Type I, - it will not run 3 to 8 candles - how do you determine the Market Type I and if it is narrow range-bound? {image} ...

UJ Aug 23 H1 Tokyo 9am soon ...

- with these TMS_V19 settings,

- you will not get any setup alerts,

> you need to use your experience ... rules-based discretionary trading decisions,

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,947
  • Edited 7:17pm Aug 22, 2023 7:05pm | Edited 7:17pm
Quoting kirinda
{quote} Hook over is the stage before going flat: {image}
Big E called that a "tweek", this is what he called a hook, cause it looks like a hook.
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Quoting eelfranz
Check out this 1 hour chart. Look at the TDI: The hook on the green is telling you to get out.. confirmed by the trade reaching the 32 line. 90% to exit trade and 10% chance it could be a bounce continuation... But as you look to the left bottom of the TDI you'll notice you have all ready reached the other lows too... click to enlarge... up to twice... {image}
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  • #141,948
  • Aug 22, 2023 7:14pm Aug 22, 2023 7:14pm
Quoting emmanuel7788
{quote} UJ Aug 23 H4 Tokyo 8am - in the narrow range-bound trending Market Type I, - it will not run 3 to 8 candles - how do you determine the Market Type I and if it is narrow range-bound? {image} ...
The problem with that is you're making predictions.
You know it's a range bound market after it's stayed in a range.
You don't know when the ranging will stop and the market trends.
Sure you can use probabilities and statistics to try and gain an edge, but you still have to follow the market out of the range instead of leading to put the odds in your favour.

And stats speaking the vast majority of big runs originate when TDI is between 40 and 60.
As do most of the crosses btw.
  • #141,949
  • Aug 22, 2023 7:40pm Aug 22, 2023 7:40pm
Quoting Shaggalo
{quote} The problem with that is you're making predictions. You know it's a range bound market after it's stayed in a range. You don't know when the ranging will stop and the market trends. Sure you can use probabilities and statistics to try and gain an edge, but you still have to follow the market out of the range instead of leading to put the odds in your favour. And stats speaking the vast majority of big runs originate when TDI is between 40 and 60. As do most of the crosses btw.
The truth is no one can predict the markets.

We do not know when the market conditions will change until the week closes. This is simple enough.

I follow simple rules when I study old charts and learn what the OP had said many times .... study old charts.

The range bound market can be seen easily on the Weekly chart and its volatility. This what I think the OP sees with his use of Stochastics in one of his 19 templates.

It is also not 100% that " vast majority of big runs originate when TDI is between 40 and 60."
That can happen in some cases when both the price volatility and its momentum are happening at the same instances.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,950
  • Aug 22, 2023 7:47pm Aug 22, 2023 7:47pm
I took a bounce trade on the AU. Candle has 20mins to go, chances are it won't change colour. Daily has also turned blue.
It has been in a range for a while, who knows where it goes. gotta take the shot and see.
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And yeah...took the UJ short. Most big runs come from the mid range of the TDI, as do most of the whipsaws.
The ranging also means that there's hope (or probabilites) the whipsaw losses aint too big. And the plunge.
But it is also for my own training to see how TDI moves with the market.
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  • #141,951
  • Aug 22, 2023 7:52pm Aug 22, 2023 7:52pm
Quoting emmanuel7788
{quote} It is also not 100% that " vast majority of big runs originate when TDI is between 40 and 60." That can happen in some cases when both the price volatility and its momentum are happening at the same instances.
I've gone back about 12 mths with the main pairs looking at big runs of 10+ candles with no color change and no TDI hooks on 4H charts.
Trading from the extremes seems to give a much higher win ratio though.

Can't say that's extensive research, but I still I should take that into accunt with my trading decisions.
  • #141,952
  • Aug 23, 2023 12:24am Aug 23, 2023 12:24am
Closed GJ and UJ after a flat candle and what looks like hooking up TDI.
It's like riding a chinese dragon...
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For those lurking, give this a try may work out for you. Post some charts and trades.
Also great to integrate with other systems for confirmation though this TMS/TDI system may get you in and out before most others.
  • #141,953
  • Aug 23, 2023 2:01am Aug 23, 2023 2:01am
Aug 23 PMI data

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EG H4 Aug 23

- consolidation ahead of PMI data

> wait for this current H4 to close

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,954
  • Aug 23, 2023 2:43am Aug 23, 2023 2:43am
Quoting Shaggalo
Closed GJ and UJ after a flat candle and what looks like hooking up TDI. It's like riding a chinese dragon... {image} {image} For those lurking, give this a try may work out for you. Post some charts and trades. Also great to integrate with other systems for confirmation though this TMS/TDI system may get you in and out before most others.
You are doing good Shaggalo.
Try to catch the TDI crossover setup at the beginning of the new candle.
As to the exist rules Post#6 > Go down 1, 2 frames. Check TDI on that timeframe, it might already show you that the trend is going in the right direction.
Read post Post 97,081
  • #141,955
  • Aug 23, 2023 3:57am Aug 23, 2023 3:57am
EJ
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GJ
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,956
  • Aug 23, 2023 4:01am Aug 23, 2023 4:01am
Quoting emmanuel7788
Aug 23 PMI data {image} EG H4 Aug 23 - consolidation ahead of PMI data > wait for this current H4 to close {image} ...

EG Aug 23 H4

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..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,957
  • Aug 23, 2023 5:55am Aug 23, 2023 5:55am
Quoting Tekkies
{quote} You are doing good Shaggalo. Try to catch the TDI crossover setup at the beginning of the new candle. As to the exist rules Post#6 > Go down 1, 2 frames. Check TDI on that timeframe, it might already show you that the trend is going in the right direction. Read post Post 97,081
Cheers, getting there...
Yep, lately I've been entering a little before the candle the clock ends when it seems obvious it won't change colour.

One of the issues is using HA.
I need to get used to looking at them as it just seems that what I'm looking at can be so far away from actual price at times.
And when a new candle paints I was like WTF?...oh yeah HA.
Started using them a few weeks ago as they seem to smoothen out the trends. Which is what started me reading the forums.

I also got suckered by the forming hook on GJ and the non formed EJ hook , I could've just closed half or 70% of the trade and let the rest run till colour change or next cross.
hooksuckered, suckerhooked, hookwinked...maybe there's a name for it lol.
Market are a bit more jittery than when this thread was started.
  • #141,958
  • Aug 23, 2023 7:13am Aug 23, 2023 7:13am
Quoting Shaggalo
{quote} Cheers, getting there... Yep, lately I've been entering a little before the candle the clock ends when it seems obvious it won't change colour. One of the issues is using HA. I need to get used to looking at them as it just seems that what I'm looking at can be so far away from actual price at times. And when a new candle paints I was like WTF?...oh yeah HA. Started using them a few weeks ago as they seem to smoothen out the trends. Which is what started me reading the forums. I also got suckered by the forming hook on GJ and the non formed...
Remove HA from chart. Nowhere did BigE clearly stated why HA must be used, except to maintain your composure.
Post#49.......It's more calming to trade HA candles.
Post#261...... HA Candles are important because it makes your trading way less stressful... use them.
  • #141,959
  • Aug 23, 2023 7:26am Aug 23, 2023 7:26am
Quoting Tekkies
{quote} Remove HA from chart. Nowhere did BigE clearly stated why HA must be used, except to maintain your composure. Post#49.......It's more calming to trade HA candles. Post#261...... HA Candles are important because it makes your trading way less stressful... use them.

No @Tekkies you got that wrong ...

strip the TDI from your charts for higher success ....

#2617

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,960
  • Aug 23, 2023 7:32am Aug 23, 2023 7:32am
Quoting Shaggalo
{quote} Cheers, getting there... Yep, lately I've been entering a little before the candle the clock ends when it seems obvious it won't change colour. One of the issues is using HA. I need to get used to looking at them as it just seems that what I'm looking at can be so far away from actual price at times. And when a new candle paints I was like WTF?...oh yeah HA. Started using them a few weeks ago as they seem to smoothen out the trends. Which is what started me reading the forums. I also got suckered by the forming hook on GJ and the non formed...

@Shaggalo

The APB/HA candles is important to pick the best A+++ Price Action setups with the 5EMA, Typical Price , Shift+2.

It is the price OHLC and the HA candle body which you should pay more attention to.
It is the price OHLC that will show the MOMENTUM and that's what both the Stoch and RSi/TDI are checking.
The HA body size matters.

Today' EurGbp post-PMI data release 4hr setup,
>>> the HA candle is considered in this setup ...


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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