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Trading Made Simple

  • #9,041
  • Jul 29, 2011 11:43pm Jul 29, 2011 11:43pm
Quoting msn
What is the yellow line here? Thanks
If you go to TDI properties change the number 2 colour to what ever you want, i use yellow. It is used by dean malone to filter trades, only buy when the tdi cross occurs above the yellow line and vice cersa for sell trades
Attached Image
  • #9,042
  • Jul 30, 2011 12:31am Jul 30, 2011 12:31am
To me it looks like a preindicator that the green will cross in the future and the stoch will have angle especially when the stoch is maxed. If the green is running below or above the red line it seems to give the coming angle of the green line unless price is in consolidation. I'm thinking it's the momentum of what's to come..

Quoting XxLessoxX
experimented with cci.....found it to be of no use. I constructed a tdi indi with cci as its base instead of rsi, and it was almost identical, no practical use. I also overlaid the cci onto the tdi indi in order to use as a type of filter..didnt work.
  • #9,043
  • Jul 30, 2011 12:41am Jul 30, 2011 12:41am
Quoting XxLessoxX
your computer guru is on the right track as per windows 7 being more security intensive . i will make a long explanation very short and just give the instructions...to the person who cant find the indicators (ozfxtrader82).... they are there, assuming that they were downloaded properly, just go to start menu---computer---c:drive---program files(x86)---(your broker)mt4---experts-----indicators: once in indicators there is a tab in the upper portion of the window called "compatibility files"..click this tab...you will see your downloaded files....
XXLessoXX

I somehow skimmed over your post while catching up on other postings this morning. These instructions worked great. I now have the indicators that I need in MT4. That was the missing ingredient!

To all others members that helped me out thanks also. I will stop polluting the thread with newbie stuff and get on with studying the TMS trading strategy.

John
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #9,044
  • Jul 30, 2011 6:27am Jul 30, 2011 6:27am
Quoting dcginc
Erebus

The key fib levels of .382, .618 and extensions of 1.27 and 1.618 are magnets for price. It is uncanny how these levels are always in play during price action - even on a 1 minute chart. I use them exclusively in a different strategy and have a very high success rate using them as profit targets. Nice illustration.
Try putting the even numbers indicator on your chart and zoom out and take a look where price turns....I think its becsue of this that the fibs work the way they do.
  • #9,045
  • Jul 30, 2011 9:03am Jul 30, 2011 9:03am
Quoting cugir321
To me it looks like a preindicator that the green will cross in the future and the stoch will have angle especially when the stoch is maxed. If the green is running below or above the red line it seems to give the coming angle of the green line unless price is in consolidation. I'm thinking it's the momentum of what's to come..
yeah, when I was back testing it looked great, but when live trading however it came up short, one problem I ran into when i overlaid the cci on the tdi was that cci and rsi are on different scales. as for a momentum indi I like the actual momentum indicator on mt4, or the ROC indicator, as they are basically the same calculation. Check out chris capre's take on it....very interesting:
Inserted Video
  • #9,046
  • Jul 30, 2011 9:04am Jul 30, 2011 9:04am
Quoting OzFXtrader82
XXLessoXX

I somehow skimmed over your post while catching up on other postings this morning. These instructions worked great. I now have the indicators that I need in MT4. That was the missing ingredient!

To all others members that helped me out thanks also. I will stop polluting the thread with newbie stuff and get on with studying the TMS trading strategy.

John
glad to help
  • #9,047
  • Jul 30, 2011 9:12am Jul 30, 2011 9:12am
Quoting dean
Try putting the even numbers indicator on your chart and zoom out and take a look where price turns....I think its becsue of this that the fibs work the way they do.
when you say even numbers are you talking 1.4100, 1.4200, 1.4300? some folks use the.0050's as even numbers as well. I (as it has been discussed ad nauseum on other threads) believe that prices turn at these numbers due to the large players using them as entry and exit points. Its the same with fibs, a sort of self fulfilling prophesy.
  • #9,048
  • Jul 30, 2011 9:27am Jul 30, 2011 9:27am
i have question about this system?

1. when is the right time for trade with this trading system?

2. what TF should i use for the best result with the right time on the question no.1?
  • #9,049
  • Jul 30, 2011 9:39am Jul 30, 2011 9:39am
Quoting 2121
Good day all ForexFactory community and special thanks goes to Big E for a great system. So, my problem is that I did backtesting and I can't figure out how those losers could be filtered out. Any help will be appreciated.

http://i56.tinypic.com/2li8sbo.gif

http://i51.tinypic.com/20rvh2q.gif

http://i55.tinypic.com/29bhnom.gif

http://i54.tinypic.com/285ta8.gif

http://i52.tinypic.com/334q6qg.gif
Looks like all of those setups are going against the trend.
  • #9,050
  • Jul 30, 2011 9:54am Jul 30, 2011 9:54am
Quoting 33drifter
If you go to TDI properties change the number 2 colour to what ever you want, i use yellow. It is used by dean malone to filter trades, only buy when the tdi cross occurs above the yellow line and vice cersa for sell trades
Drifter, do you use the yellow line for trades?
  • #9,051
  • Jul 30, 2011 1:15pm Jul 30, 2011 1:15pm
how do I identify the trend? which indicator\indicators do I use?
  • #9,052
  • Jul 30, 2011 3:42pm Jul 30, 2011 3:42pm
Since I trade with Dukascopy, want to share to anyone who are interested in TDI for JForex (java). PM me, donīt want to disturb this thread.
Credit and thanks to tojoetuga in some Dukas forum.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_Daily_snapshot.png Size: 29 KB
Humble & Kalcker CLO2 = Covid killer
  • #9,053
  • Jul 30, 2011 4:40pm Jul 30, 2011 4:40pm
Share share my friends !!!
  • #9,054
  • Jul 30, 2011 5:05pm Jul 30, 2011 5:05pm
I don't want to hijack EEL's thread, but what he's done with his entrance by using the open candle and when, with the stoch, is genius in simplicity. It does correspond to TDI trigger lines (32,50,68) by the 6 cci. Almost exact. Except when it starts consolidation. The CCI 6 can still trigger but you usually don't get the entrance requirements by EEL.

i'll watch the video...thanks

Quoting XxLessoxX
yeah, when I was back testing it looked great, but when live trading however it came up short, one problem I ran into when i overlaid the cci on the tdi was that cci and rsi are on different scales. as for a momentum indi I like the actual momentum indicator on mt4, or the ROC indicator, as they are basically the same calculation. Check out chris capre's take on it....very interesting:
http://www.youtube.com/watch?v=yNP1k-oeof4
  • #9,055
  • Jul 30, 2011 5:06pm Jul 30, 2011 5:06pm
Identify the trend with moving averages, verify with stochastics and then if tdi matches up take trade?
  • #9,056
  • Jul 30, 2011 7:02pm Jul 30, 2011 7:02pm
Quoting cugir321
I don't want to hijack EEL's thread, but what he's done with his entrance by using the open candle and when, with the stoch, is genius in simplicity. It does correspond to TDI trigger lines (32,50,68) by the 6 cci. Almost exact. Except when it starts consolidation. The CCI 6 can still trigger but you usually don't get the entrance requirements by EEL.

i'll watch the video...thanks
Ill check it out again thanks.
  • #9,057
  • Jul 30, 2011 7:04pm Jul 30, 2011 7:04pm
Quoting momoshiro
i have question about this system?

1. when is the right time for trade with this trading system?

2. what TF should i use for the best result with the right time on the question no.1?
post one
  • #9,058
  • Jul 30, 2011 7:15pm Jul 30, 2011 7:15pm
Quoting 33drifter
If you go to TDI properties change the number 2 colour to what ever you want, i use yellow. It is used by dean malone to filter trades, only buy when the tdi cross occurs above the yellow line and vice cersa for sell trades

Thank you 33Drifter, Yes I read that post after I asked this question. Have you found this strategy to be effective at weeding out losing trades and increasing the numbers on winning trades? Backtesting seems to bear out positive results. Thanks
  • #9,059
  • Jul 30, 2011 7:39pm Jul 30, 2011 7:39pm
Quoting XxLessoxX
when you say even numbers are you talking 1.4100, 1.4200, 1.4300? some folks use the.0050's as even numbers as well. I (as it has been discussed ad nauseum on other threads) believe that prices turn at these numbers due to the large players using them as entry and exit points. Its the same with fibs, a sort of self fulfilling prophesy.
Yes. My chart here has even numbers marked every 50 pips...but even when you drill down to lower time frames and look at the price bounces....if you mark your chart every 10 pips its amazing how price bounces in between them. 50 pips is enough for me on the hour and 4 hour charts, otherwise you end up with too many lines on your screen.
I totally agree with you in regards to the sefl fulfilling prophecies....the best description I have heard is......
Q: "what is technical analysis??
A: Mass psychology"
From what I understand the big hedge funds and the like place orders on and around the big numbers due to simplicity. Bank traders know this, and as we know, they are the market makers, so its probably why these levels are so strong. My point about the fibs etc is if you mark your charts with the even number lines and then place fibs on it, they look to correlate pretty closely, so to me, it looks as though the fibs have no choiice BUT to line up with the big or even numbers...if that makes sense. Thats how I see it anyway.
  • #9,060
  • Jul 30, 2011 7:54pm Jul 30, 2011 7:54pm
Quoting dean
Yes. My chart here has even numbers marked every 50 pips...but even when you drill down to lower time frames and look at the price bounces....if you mark your chart every 10 pips its amazing how price bounces in between them. 50 pips is enough for me on the hour and 4 hour charts, otherwise you end up with too many lines on your screen.
I totally agree with you in regards to the sefl fulfilling prophecies....the best description I have heard is......
Q: "what is technical analysis??
A: Mass psychology"
From what I understand the big hedge funds...
So are you using them as S/r lines?
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