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Trading Made Simple

  • #3,881
  • May 25, 2011 1:38pm May 25, 2011 1:38pm
Quoting jerryyap
I am wondering why do we need Stochastic when we already have RSI as in the TDI chart? Isn't RSI we should use only since this is a momentum trade we have been talking about since day one?

The original Synergy method (and then Advance Synergy method) by the person who was said to come up with this idea, Dean Malone do not use Stochastics. The Synergy method is really RSI read in conjunction with EMA5, and ranging bollinger of the RSI signal renamed as better sounding name TDI index isn't it?
That may be right, I don't know, but there are times when the TDI and the stoch are in different directions - maybe that keeps us out of some dodgy decisions. Also an explanation might be that BigE traded Craig Harris Method and the synergy model at different times and he wanted to keep some elements of both, I think. Finally, this thread was an offshoot of the Craig Harris stochastic thread which can read here at Forex factory. There has been times when Eric said he only pays a cursory glance at the stoch and has also traded the tdi for fun without any candles at all and still made a profit.

I can't speak for Eric but if it ain't broke don't fix it. I'm doing ok with it so far.

happy hunting
Ian
  • #3,882
  • May 25, 2011 1:50pm May 25, 2011 1:50pm
Quoting mackaozy
Please stop insulting me!! joke.

I'm saying nothing, I'm ex-infantry ....

( sorry about the off topic guys )
  • #3,883
  • Edited 4:37pm May 25, 2011 1:58pm | Edited 4:37pm
Quoting ivanhoekg
Hi Plamen and the all the rest .(this should be a PM but since I am junior member I have to bug you all with questions, sorry)
I am pretty much newbie in forex, been on demo for 3 months and really tried only 2 methods. With TMS I have 50-50 success, yet still have to learn a lot. Just got out from USDCAD trade, though slope value at the cross was above 5 as advised. Was it just the timing (after London close)? I was selling at resistance , (against the trend but did this with succes before)?
Regards
Attachment


Yes to all the reasons you named. You sold into really hard support. I would have let that trade go. Plus look at the rectangle. The PA is not flowing it is in consolidation. All the indicators looked correct , the problem was the PA
Always Learning
  • #3,884
  • May 25, 2011 2:08pm May 25, 2011 2:08pm
Hi,

Really liking this thread. Was just wondering if anyone uses e-signal and knows how to get the tdi window up on it as I can't seem to find it.

Thanks

Tao
  • #3,885
  • May 25, 2011 2:24pm May 25, 2011 2:24pm
Quoting taoistbreeze
Hi,

Really liking this thread. Was just wondering if anyone uses e-signal and knows how to get the tdi window up on it as I can't seem to find it.

Thanks

Tao
If it's a Metatrader platform you need to download the TDI indi from this thread & copy it into your Indicator folder contained in the Experts folder in your MT4 programme folder.
Restart your metatrader and you should find the indi in the Custom Indicators list.

Good luck
You don't have to be right, just don't be too wrong
  • #3,886
  • May 25, 2011 2:27pm May 25, 2011 2:27pm
Thanx Jay, I appreciate your advice and confirmation of my doubts. I am new but learned - with the trend is always easier.
Regards
  • #3,887
  • May 25, 2011 2:37pm May 25, 2011 2:37pm
usd/ch daily
prepare to jump in
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  • #3,888
  • May 25, 2011 3:43pm May 25, 2011 3:43pm
Quoting olegy
usd/ch daily
prepare to jump in
It will be a good short if it brakes 8710 support to confirm the H&S..
Cheers!
  • #3,889
  • May 25, 2011 3:52pm May 25, 2011 3:52pm
Quoting Chillypiper
It will be a good short if it brakes 8710 support to confirm the H&S..
Cheers!
Yes , but you are talking about 4H TF , on daily I don't see H&S or any kind of support
  • #3,890
  • May 25, 2011 3:54pm May 25, 2011 3:54pm
Quoting El Dee
If it's a Metatrader platform you need to download the TDI indi from this thread & copy it into your Indicator folder contained in the Experts folder in your MT4 programme folder.
Restart your metatrader and you should find the indi in the Custom Indicators list.

Good luck
El Dee..
Sometimes, if the indy won't show up or is stubborn about downloading. Try downloading again, after download is complete instead of clicking "cancel" or clearing the pop-up window, click "open"
Then "compile."
Sometimes this works on an .mq4.

exe4 won't even open.
  • #3,891
  • May 25, 2011 4:03pm May 25, 2011 4:03pm
Quoting olegy
Yes , but you are talking about 4H TF , on daily I don't see H&S or any kind of support
Correct, 4hr, I actually like this set up to but see it needing to back my blue line, showing a prior support and needs to brake it before continuing south.
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  • #3,892
  • May 25, 2011 4:06pm May 25, 2011 4:06pm
Quoting mackaozy
Whole lots.
I use the same broker. I think that's a mini account.

I agree with you that 4 % is no big deal really, I do that a lot, and more. BUT to risk big, you need to have worked a system for a long time, and made 100s and even 1000s of trades with it.

That way, the hit of a loss doesn't bother you so much. . . you know the worst case, and have a solid win/loss ratio. you agree?

Shake
  • #3,893
  • May 25, 2011 4:10pm May 25, 2011 4:10pm
the eur/usd 1 hour chart looks possible buy ??!! any comments??

sorry meant gbp/usd
  • #3,894
  • May 25, 2011 4:13pm May 25, 2011 4:13pm
I am seeing the G/U as a daily long entry. Does anybody see anything that I haven't? TDI & stochs line up & as an added bonus it closed above the MA. Thanks in advance for any input.
  • #3,895
  • May 25, 2011 4:18pm May 25, 2011 4:18pm
Quoting Flatrader
I am seeing the G/U as a daily long entry. Does anybody see anything that I haven't? TDI & stochs line up & as an added bonus it closed above the MA. Thanks in advance for any input.
I'm seeing this as well. Looks like a good trading opportunity to me.
  • #3,896
  • May 25, 2011 4:19pm May 25, 2011 4:19pm
Quoting tmax
the eur/usd 1 hour chart looks possible buy ??!! any comments??

sorry meant gbp/usd
I don't see it on my chart, but may be a broker difference. Usually, this is a Terrible time of day to trade. The whales in US are going home from work, and the European whales are getting ready for bed.

Shake
  • #3,897
  • May 25, 2011 4:20pm May 25, 2011 4:20pm
Quoting Beshakey
I use the same broker. I think that's a mini account.

I agree with you that 4 % is no big deal really, I do that a lot, and more. BUT to risk big, you need to have worked a system for a long time, and made 100s and even 1000s of trades with it.

That way, the hit of a loss doesn't bother you so much. . . you know the worst case, and have a solid win/loss ratio. you agree?

Shake
Yes this is a mini account, and i make 1 pip- 1 dolar
  • #3,898
  • May 25, 2011 4:20pm May 25, 2011 4:20pm
Quoting olegy
usd/ch daily
prepare to jump in
One thing I would be careful about is the that the stoch is already down at the 20 line. It may be at the end of its run real soon. I'm not saying don't take the trade, but I'd be watching it like a hawk.
  • #3,899
  • May 25, 2011 4:21pm May 25, 2011 4:21pm
Quoting Nate04
I'm seeing this as well. Looks like a good trading opportunity to me.
THanks for the heads up. I am looking for a daily open tonight myself. Might be one to keep an eye on.
  • #3,900
  • May 25, 2011 4:25pm May 25, 2011 4:25pm
Hi Guys,

i need a favour please, im having trouble with my chart and my broker. can someone please take a snapshot of the GU H1 please and pm it to me


Thanks
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