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Trading Made Simple

  • #5,661
  • Jun 18, 2011 5:33am Jun 18, 2011 5:33am
Quoting Thierry
Review some charts.
Took a long at the first candle of the cross. Moved my SL to BE when i went to bed.
Hate to see things like this, but this happens. Maybe moved my SL to BE but ok. It's all about reducing risk. Next week a lot of new opportunities

Good weekend all.
I've had the same thing happen a couple of times, but I think the times we get a good run outweigh them.
I love this way of trading and carny wait for next weeks pip haul.
  • #5,662
  • Jun 18, 2011 5:40am Jun 18, 2011 5:40am
I'm starting to question the effectiveness of using the stochastics with this method. Do you think its still relevant? TDI + PA + Basic Forex seems to be the key to success here with the TMS method. I've always used it only to confirm the direction is the same as the TDI and that the slope is at the correct angle, I might try either ignoring the slope and confirming direction only or just remove the stochastic indicator entirely. Would love to know your thoughts on this. I don't want to change any rules here, just canvassing opinion.
  • #5,663
  • Jun 18, 2011 5:53am Jun 18, 2011 5:53am
Quoting 2scoops
I'm starting to question the effectiveness of using the stochastics with this method. Do you think its still relevant? TDI + PA + Basic Forex seems to be the key to success here with the TMS method. I've always used it only to confirm the direction is the same as the TDI and that the slope is at the correct angle, I might try either ignoring the slope and confirming direction only or just remove the stochastic indicator entirely. Would love to know your thoughts on this. I don't want to change any rules here, just canvassing opinion.
I am still using Stochs to be safer, it reduces A LOT the number of trades, but I only need 140 pips per week anyway, last week I had 3 to 4 good trades! 4H only.
build a better future. ForexNation dot Org
  • #5,664
  • Jun 18, 2011 7:19am Jun 18, 2011 7:19am
  •  adeforex
  • Joined Aug 2008 | Status: Trading Live as a Professional Do | 363 Posts | Online Now
Quoting 2scoops
I'm starting to question the effectiveness of using the stochastics with this method. Do you think its still relevant? TDI + PA + Basic Forex seems to be the key to success here with the TMS method. I've always used it only to confirm the direction is the same as the TDI and that the slope is at the correct angle, I might try either ignoring the slope and confirming direction only or just remove the stochastic indicator entirely. Would love to know your thoughts on this. I don't want to change any rules here, just canvassing opinion.
it depends on how you want your chart to look like. since using this system i have never use stoch. i use tms multitime frame and momentum with basic forex. it is working for me. i want simple chart but very effective
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #5,665
  • Jun 18, 2011 8:34am Jun 18, 2011 8:34am
Quoting Xaphod
TDI Arrows? See this post:
http://www.forexfactory.com/showthre...60#post4340360
Hi Xaphod
I visited above referred Craig's Stoch page downloaded V 1.00 and then V 1.10 installed , recompiled then set the setting to true, But nothing worked.
Is there any working TDI Arrows indicator available?

arasheed
  • #5,666
  • Edited 8:52am Jun 18, 2011 8:35am | Edited 8:52am
Quoting adeforex
it depends on how you want your chart to look like. since using this system i have never use stoch. i use tms multitime frame and momentum with basic forex. it is working for me. i want simple chart but very effective
I use TDI cross in a good area low if long and high if short depending on direction, candle strength (close above or below 5ma) and how price looks on the daily TF.
I trade this system on the 4h but mark support/resistance on daily.
I use the HA candles for exit, if long then I exit on the first red candle to close or if short exit on the first green close candle.
Apart from that I follow all the rules as layed out.
  • #5,667
  • Jun 18, 2011 8:36am Jun 18, 2011 8:36am
Quoting erickva
Just because they look cool, don't they?

Good point ¡
Indicators always obey Price, not the other way.
  • #5,668
  • Jun 18, 2011 11:42am Jun 18, 2011 11:42am
Am using TMS-Osc Cross and it is flawless. Works better than TDI Arrows IMHO. Suggest anyone wanting an alert for cross of TDI try it. An alternative that works as well is TDI alerts. Search FF for it - developed by Hanover. Best feature of the 2 best of best is the email alert to cell phone, especially on H4 charts. If used on H1 chart you will get LOTS of alerts if you are watching many pairs.
  • #5,669
  • Jun 18, 2011 11:44am Jun 18, 2011 11:44am
Quoting Xaphod
Did you install the TDI indicator 'Traders_Dynamic_Index.mq4' and verify that it was working?

The 'TMS-Osc Cross.mq4' also show arrows, however it updates the value for currently open bar, unlike the TDI which mostly does not.
http://www.forexfactory.com/showthread.php?t=294327

Please post a screenshot of your chart with the indicators on it and the Indicators tab open. like this:
I have downloaded TMS-Osc Cross.mq4 and it shows arrow on the chart.
On my computer only screen shot is possible . With ind tab open it does not catch picture. How can we do that?
Attached Image (click to enlarge)
Click to Enlarge Name: arrow on chart.gif Size: 36 KB
  • #5,670
  • Jun 18, 2011 12:07pm Jun 18, 2011 12:07pm
Quoting arasheed
I have downloaded TMS-Osc Cross.mq4 and it shows arrow on the chart.
On my computer only screen shot is possible . With ind tab open it does not catch picture. How can we do that?

Now this is screen shot winth Indicator Tsb open

arasheed
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Jun. 18 22.02.gif Size: 57 KB
  • #5,671
  • Jun 18, 2011 1:15pm Jun 18, 2011 1:15pm
Quoting Xaphod
You do not have 'Traders_Dynamic_Index.mq4' on your chart. According to the instructions I gave you you were supposed to put it on your chart to verify that it is installed and works. 'xTDI Arrow' will not work without it.
Thank you Xaphod for guidance. Will you please post this missing indicator for me>
Thank you once more
  • #5,672
  • Jun 18, 2011 1:56pm Jun 18, 2011 1:56pm
Quoting Xaphod
Back to where we started.
http://www.forexfactory.com/showthre...60#post4340360
Thanks again now every thing appears on chart.
  • #5,673
  • Jun 18, 2011 2:13pm Jun 18, 2011 2:13pm
Every new indicator clutters this thread with another 4-5 pages. I really do not understand why anyone needs an improvement on the TDI indicator? Just look at the cross simple and plain..
  • #5,674
  • Jun 18, 2011 4:23pm Jun 18, 2011 4:23pm
Quoting The7
Every new indicator clutters this thread with another 4-5 pages. I really do not understand why anyone needs an improvement on the TDI indicator? Just look at the cross simple and plain..
I agree. The need to add more indicators seems to be a human desire to reach perfection. "If one indicator is good....three indicators must be better."

It takes some chart time and market knowledge to realize this thought process is not true.
  • #5,675
  • Jun 18, 2011 4:48pm Jun 18, 2011 4:48pm
Quoting wrenski
I agree. The need to add more indicators seems to be a human desire to reach perfection. "If one indicator is good....three indicators must be better."

It takes some chart time and market knowledge to realize this thought process is not true.

True, It is the subconscious search of the holly grail system.
Indicators always obey Price, not the other way.
  • #5,676
  • Jun 18, 2011 4:57pm Jun 18, 2011 4:57pm
Quoting maxtrader
True, It is the subconscious search of the holly grail system.
Indeed! Any effort to make a system perfect is the search of the holly grail. We need to accept some fails in a system and deal with a proper money management.

Adding more indicators often makes a nice system confusing and eventually less useful.
A successful trading depends on knowing what to analyze.
  • #5,677
  • Jun 18, 2011 6:19pm Jun 18, 2011 6:19pm
Pecuna,
My broker requirements are:
Not subject to the American regulations.
Larger for longevity.
Regulated by some government body you can trust.
Located in a country with legal ruminates you could trust and understand.
Able to hedge if trades go over the week end.
Mt4 and ECN.
After a through study the only ones I trust with my money are:
Alpari UK
Dukascopy.
Hope this helps.
Ron
  • #5,678
  • Jun 18, 2011 7:04pm Jun 18, 2011 7:04pm
Quoting bez3000
I use the HA candles for exit, if long then I exit on the first red candle to close or if short exit on the first green close candle.
Apart from that I follow all the rules as layed out.
How has it been working for you, exiting based on HA instead of TDI?

Cheers,
Erick
build a better future. ForexNation dot Org
  • #5,679
  • Jun 18, 2011 7:07pm Jun 18, 2011 7:07pm
Quoting arasheed
Now this is screen shot winth Indicator Tsb open

arasheed
Hi Arasheed, what are those coloured rectangles you have on top right of your charts, trend indicators? Where can I find them?

Thanks,
Erick
build a better future. ForexNation dot Org
  • #5,680
  • Jun 18, 2011 7:13pm Jun 18, 2011 7:13pm
Quoting The7
Every new indicator clutters this thread with another 4-5 pages. I really do not understand why anyone needs an improvement on the TDI indicator? Just look at the cross simple and plain..
People whinging of people wanting more indicators also clutters the thread...
build a better future. ForexNation dot Org
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