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  • #3,701
  • May 24, 2011 8:23am May 24, 2011 8:23am
Hey everyone.
I have switched to using the TMS-Osc indicator tha Xaphod posted instead of the original tdi tha many people were having trouble with and I have noticed that it seems to make a lot more small movements as the price goes up and down, to the point now where I have seen it go from a cross on the green over red indicating an entry, to later on in that candle uncrossing itself. I am looking at it on the one hour charts.
Has anyone noticed this?? and if so how have you dealt with it?
An example is 3 hours ago on th A/U....you can see how big the red candle got and my tmc indicator was definitely crossed. It was going with the trend (downwards), all signs were pretty much ideal and no news pending. It turned and stopped me out at -30.
Yes I entered on the first candle but that is the rule....1st or 2nd candle.
Should I have waited for the second??? My concern with waiting for the second candle on the hourly chart is that pips are tighter. Although in saying that its better than getting stopped. I am wondering if this new tmc indicator behaves differently and is giving slightly different signals. I know BigE never refreshes his tdi, he says he "trades it how he sees it" but it definitley doesnt seem to update itself as much. Or maybe I am seeing things?
All I know is to me..this trade looked spot on
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  • #3,702
  • May 24, 2011 8:30am May 24, 2011 8:30am
Quoting olegy
No. if u mean in up left corner - that is ATR indi
I'm clean
Phew!!
  • #3,703
  • May 24, 2011 8:39am May 24, 2011 8:39am
Yh its seems the best way, im yet to find an effective ECN MT4 broker although mine are developing MT4/5 at the moment




A quick question to anyone.... There have been about 5/6+ setups today alone.

I have only executed 2 A/U and U/CF on the 4Hr TF in fear of being to exposed in one currency.

Do you guys happily execute all set ups or are u weary of over exposure at all?
  • #3,704
  • May 24, 2011 8:57am May 24, 2011 8:57am
Quoting dean
Hey everyone.
I have switched to using the TMS-Osc indicator tha Xaphod posted instead of the original tdi tha many people were having trouble with and I have noticed that it seems to make a lot more small movements as the price goes up and down, to the point now where I have seen it go from a cross on the green over red indicating an entry, to later on in that candle uncrossing itself. I am looking at it on the one hour charts.
Has anyone noticed this?? and if so how have you dealt with it?
An example is 3 hours ago on th A/U....you can see how...
I think Xaphod is an awesome coder but I'm using Plamen's TDI at the moment, I tried the TMS-Osc one but I couldn't get on with it for the reasons you described.
  • #3,705
  • May 24, 2011 8:58am May 24, 2011 8:58am
Quoting hawaii5000
Bit slow at the moment with the E Unit - no trades, no character assassinations... One I have my eye on is the AUD/NZD - coming to a fairly significant level if you look at this chart on the weekly. Looking at the 4 hour, I am hoping for a set up to go long. Nothing yet, but there is a chance and it could be a good move if it happens.
OK - the 4H candle respected the support on the close, but took out some weak longs as they tend to do. I am seeing a set up now on the 4H and it looks better on the 1H. BTW my spread is only 4 pips for this pair - not "exotic" for Australians.
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  • #3,706
  • May 24, 2011 9:00am May 24, 2011 9:00am
Quoting 2scoops
I think Xaphod is an awesome coder but I'm using Plamen's TDI at the moment, I tried the TMS-Osc one but I couldn't get on with it for the reasons you described.
I am sure you have been asked but to save me scouring back through the thread would you mind posting it or pm'ing me with it please?? I appreciate it. I also have great respect for Xaphod but it has changed the way I am trading this.
  • #3,707
  • May 24, 2011 9:00am May 24, 2011 9:00am
Quoting Slymm
Yh its seems the best way, im yet to find an effective ECN MT4 broker although mine are developing MT4/5 at the moment




A quick question to anyone.... There have been about 5/6+ setups today alone.

I have only executed 2 A/U and U/CF on the 4Hr TF in fear of being to exposed in one currency.

Do you guys happily execute all set ups or are u weary of over exposure at all?
I asked BigE this question a while back, he doesn't worry about multiple trades involving one currency.
  • #3,708
  • May 24, 2011 9:04am May 24, 2011 9:04am
Quoting dean
I am sure you have been asked but to save me scouring back through the thread would you mind posting it or pm'ing me with it please?? I appreciate it. I also have great respect for Xaphod but it has changed the way I am trading this.
Dean I'm not your PA dude, find it yourself

Seriously though PM Plamen its his indicator and he has an updated one that I don't have yet.
  • #3,709
  • May 24, 2011 9:08am May 24, 2011 9:08am
Quoting Aussie_fx
There would probably be more losses here actually. Indicators are often different at the open of bar compared to close remember.
u make an excellent point Aussie_fx
  • #3,710
  • May 24, 2011 9:12am May 24, 2011 9:12am
Quoting dean
I am sure you have been asked but to save me scouring back through the thread would you mind posting it or pm'ing me with it please?? I appreciate it. I also have great respect for Xaphod but it has changed the way I am trading this.
Having the same problem Dean. Not sure it will help, but would like to try a different TDI if you get hold of one.
Regards
  • #3,711
  • May 24, 2011 9:14am May 24, 2011 9:14am
Quoting 2scoops
Dean I'm not your PA dude, find it yourself

Seriously though PM Plamen its his indicator and he has an updated one that I don't have yet.
Well grab me a coffee then whilst I try and find him.
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  • #3,712
  • May 24, 2011 9:18am May 24, 2011 9:18am
Quoting ken911
Having the same problem Dean. Not sure it will help, but would like to try a different TDI if you get hold of one.
Regards
Hi Ken,
I found the original one I was using. I dont think it gave me any problems that I was aware of so try this.
Attached File(s)
File Type: mq4 TDI Red Green.mq4   9 KB | 598 downloads
  • #3,713
  • May 24, 2011 9:28am May 24, 2011 9:28am
Quoting 2scoops
Dean I'm not your PA dude, find it yourself

Seriously though PM Plamen its his indicator and he has an updated one that I don't have yet.
I think I've got myself a little of too much Forex today. When I read "PA," I thought to myself "price action"? Took me five minutes to understand your statement 2scoops.
  • #3,714
  • May 24, 2011 9:32am May 24, 2011 9:32am
Quoting dazzdude
u make an excellent point Aussie_fx
I tried this one and compared the two.

http://www.forexfactory.com/showthre...69#post4622169.

Your comment is correct, though there is minimal difference, but thanks for pointing it out.

I will look at this further. I may post something.

I am just toying with ideas on staying in sync with the longer timeframe, but still stay on track with BigE's thread (i.e. not introducing new [non TDI] indicators) into the equation. That's all. SnarlyJack has a strong track record of success and he is very careful that his trades are in line with the longer term trend.
  • #3,715
  • May 24, 2011 9:34am May 24, 2011 9:34am
we'll see how it is.
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  • #3,716
  • May 24, 2011 9:38am May 24, 2011 9:38am
Quoting ndhoanggia
I think I've got myself a little of too much Forex today. When I read "PA," I thought to myself "price action"? Took me five minutes to understand your statement 2scoops.
  • #3,717
  • May 24, 2011 9:45am May 24, 2011 9:45am
Quoting Aussie_fx
There would probably be more losses here actually. Indicators are often different at the open of bar compared to close remember.
OK, I have (very rough and quickly) eye-balled the last 4 years of EURUSD daily (2007 - 2011), with the MFT TDI on weekly and you indeed correct. If you took the weekly TDI from the previous week (as the current week as not closed), a lot of the trades could not be taken as the weekly TDI would be unconfirmed. Good eyes Aussie_fx. thankyou
  • #3,718
  • May 24, 2011 9:55am May 24, 2011 9:55am
I'm short!
  • #3,719
  • May 24, 2011 10:01am May 24, 2011 10:01am
Hi, anyone have the TDI crossed with line on chart? Thanks
  • #3,720
  • May 24, 2011 10:02am May 24, 2011 10:02am
Quoting mackaozy
I'm short!
Wow you are in early. Now firstly I hope it works out and wish you all the best, but I have a question for you. Please dont take it as criticism, just curiousity.
Didnt you feel that first candle you entered on was small with quite a big wick at the top and bottom indicating weakness??
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