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Trading Made Simple

  • #9,301
  • Edited 1:23pm Aug 4, 2011 12:43pm | Edited 1:23pm
Quoting Callisto
How about this for an idea to filter out which signals not to take; once you establish a high or low point signal, preferably above 68 / below 32 lines in TDI, take only the signals in that direction AS LONG AS THEY CONTINUE TO BE HIGHER OR LOWER, than the original signal, ignore any signal in the opposite direction, see chart for example.

This could be the power of TMS, but no one is reporting a 500+ pips trade yet, which I believe is possible with a 4 hour signal such as TMS
I've been trading (demo and live) with the TDI since May. The indicator is great as far as entries, but not as good when it comes to exits, especially if you're looking to avoid minor moves in the opposite direction. One way to handle this is to exit and to reenter, as Big E has suggested. I've tried a number of indicators, but won't offer any additional suggestions here. This would violate Big E's wishes. However, if you're interested in longer trades using the 4hr TF and in maintaining the spirit of TMS, I would take a look at the Daily TDI for EXITS ONLY. Each time the 4hr TDI offers a signal that would end your trade, check the Daily TDI for agreement. If you look at a few old 4hr charts, find your 4hr TDI entry signal, mark the beginning and the end of the overall swing (ignoring the 4hr TDI exit signals), then switch to the Daily TF, you'll generally find the TDI exit signal very close to where you've marked the end of the 4hr swing.
  • #9,302
  • Aug 4, 2011 12:46pm Aug 4, 2011 12:46pm
Quoting RogerVF
Watching this one closely for 30pips target.
RogerVF
may be better think in along with up trend
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  • #9,303
  • Aug 4, 2011 12:52pm Aug 4, 2011 12:52pm
Quoting XxLessoxX
Ive noticed this too, esp on 4hr tf. when I went down to the 5 min tf I was watching the green line move up and down with price and finally just as the candle would close the angle would alter dramatically. I dont have a fix for it, sorry.
Yeah me either. I think you have to get better at taking trades that have less angle or raise the TDI box itself and then the angle gets better. I dont know though how much because you can almost create a vertical line by doing this and this may distort the accuracy of the reading. THanks anyway for your thoughts.
  • #9,304
  • Aug 4, 2011 1:07pm Aug 4, 2011 1:07pm
Quoting Guitarbloke
Pips going ballistic here. What a ride. On 3 yen pairs short, and raking it in. 7 trades in all at the moment, and almost + 200 pips total. I read here it's a news day, so maybe that's why so much momentum and volatility. Appears to be a lot of room yet for trades to run, so will leave them and see where they end up. Stop losses moved up to lock in profit.

U/JPY, +49. E/CAD +36. E/JPY 1.089. G/CAD +79. A/JPY +41. G/CHF +39.

Good trading all.
Hey Guitarbloke,

Firstly, great trading! I was just wondering what your profit taking criteria is. Are you setting a fixed TP when you take the trade, or are you letting profits run and either (a) manually closing or (b) using a trailing stop.

Thanks,

Ant
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #9,305
  • Aug 4, 2011 1:17pm Aug 4, 2011 1:17pm
US stock market down 500 points today, weakness in Euro and yen. Dollar should be strong these currencies.
  • #9,306
  • Aug 4, 2011 1:57pm Aug 4, 2011 1:57pm
Quoting swamper
I've been trading (demo and live) with the TDI since May. The indicator is great as far as entries, but not as good when it comes to exits, especially if you're looking to avoid minor moves in the opposite direction. One way to handle this is to exit and to reenter, as Big E has suggested. I've tried a number of indicators, but won't offer any additional suggestions here. This would violate Big E's wishes. However, if you're interested in longer trades using the 4hr TF and in maintaining the spirit of TMS, I would take a look at the Daily TDI for...
A great suggestion; I'll play with it during NFP as that is not a time to be trading. Thanks, p
  • #9,307
  • Aug 4, 2011 4:09pm Aug 4, 2011 4:09pm
232 and counting -
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  • #9,308
  • Aug 4, 2011 4:14pm Aug 4, 2011 4:14pm
Quoting alkenany
RogerVF
may be better think in along with up trend
Correct, that's what I meant.
  • #9,309
  • Aug 4, 2011 4:44pm Aug 4, 2011 4:44pm
Quoting eelfranz
232 and counting -

its great to know u r back.
  • #9,310
  • Aug 4, 2011 5:19pm Aug 4, 2011 5:19pm
Quoting eelfranz
232 and counting -
Nice work Eelfranz, how did you go with your D1 stratergy, i had a few good D1 trades going but i got out after they stalled at about 150 pips.

im moving to full lots next week with this system, thanks for sharing it has really improved my trading
  • #9,311
  • Aug 4, 2011 5:36pm Aug 4, 2011 5:36pm
just went short on usdjpy
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  • #9,312
  • Aug 4, 2011 6:58pm Aug 4, 2011 6:58pm
Quoting eelfranz
232 and counting -
OK, here is an entry for the "mine is bigger than yours" game***

Unlucky or maybe lucky, who knows, taken out at a TP of 300 set overnight as this cross known to spike. Entry was a sneaky 1 hour at 1.26981, then whent to 4 hour chart.

*** but to play the game fair, please post the entry, and exit when complete, show some prices, not just a vertical line on chart, otherwise we will have all sorts of claims in here.

Take the trade, show, if you don't know how to post a chart, closed trade included, just ask, good luck and hope you can beat this!!
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It takes a lot for me to IGNORE you, but you can try.
  • #9,313
  • Aug 4, 2011 7:10pm Aug 4, 2011 7:10pm
Newcomer here, I'd like to express thanks to BigE for presenting this strategy and for others for their valuable input on this thread.

I have traded with this strategy over the past couple of weeks (1H TF) with some success, entry signals are pretty clear however I have been exiting positions on a more discretionary basis, rather than waiting for a signal from TDI. This tends to mean I'm watching the charts and micro-managing the trade through its lifetime, something I hope to get away from. To allieviate some of this I will probably give the longer TFs a go.

Correct me if I'm wrong but having read through this thread it seems that a lot of posters are also using such discretionary methods for exits. I wonder are there people using TDI as a sole (or at least primary) exit signal? If so, from your experience does this lead to giving pips back, especially on the longer TFs?

Thanks again and good pippin' to all.
  • #9,314
  • Aug 4, 2011 7:25pm Aug 4, 2011 7:25pm
Quoting Britpip7
A couple of thoughts on your charts:

1. there are several pull backs where the TDI crosses back so what are your rules for pullbacks / SL and TP, or even deploying TS?

2. Once you are into a trade from the H4 and you have cleared the B/E point and are in the pips what finally determines your exit point if you are not using TP targets and not exiting on TDI / Stochastics?
Was just adding some clarity to Callisto's theory. I don't trade that theory not on a 4 hr at least. For the charts posted it was the assumption trades entered once a FULL cross happens above 68 or below 32. The trade was then in theory held til the next opposite signal. Granted one should put a stop loss on such a trade or have strict exit rules. Essentially it would appear the trader wanted to make TMS even less stress free by only using 2 entry criteria - the overbot and oversold zones.
  • #9,315
  • Aug 4, 2011 7:49pm Aug 4, 2011 7:49pm
Here is the TDI with alerts indicator i use for those that have asked for it.
Attached File(s)
File Type: ex4 TDI-With_Alerts.ex4   19 KB | 777 downloads
File Type: mq4 TDI-With_Alerts.mq4   24 KB | 874 downloads
  • #9,316
  • Aug 4, 2011 8:29pm Aug 4, 2011 8:29pm
Quoting moneyrunner
Hi GuitarBloke
Your post are well worth a read and keep up the good pipping...anywya question, how do you determine the trend - below 200 ema price is short and vice versa for longs?
Thanks
Hello Moneyrunner, and greetings also to Antantnz,

Thanks for your queries, however, i am a complete beginner in forex, and this method (TMS), so i won't advise you. Except to say for me, i trade with the trend, take into account support and resistance levels, and i study older charts along with studying general candlestick's/price action theory. (babypips.com is a great free resource for the basics) There is a lot of great info/trading tips on this thread too, so i read as much as i can here, especially page 1.

One of our generous traders has put together a compilation of Big E's strategies which you'll find at post # 4723.

Best wishes, and good trading to youse all.

Greg.
'Fail to plan, plan to fail'
  • #9,317
  • Aug 4, 2011 8:54pm Aug 4, 2011 8:54pm
Quoting FX-Trader
Was just adding some clarity to Callisto's theory. I don't trade that theory not on a 4 hr at least. For the charts posted it was the assumption trades entered once a FULL cross happens above 68 or below 32. The trade was then in theory held til the next opposite signal. Granted one should put a stop loss on such a trade or have strict exit rules. Essentially it would appear the trader wanted to make TMS even less stress free by only using 2 entry criteria - the overbot and oversold zones.

No problem - thanks for the response - it supported a lot of the testing that I have been conducting and especially the issues with pullbacks etc.
"To live with Passion, it takes Courage and Grace to survive"
  • #9,318
  • Aug 4, 2011 9:22pm Aug 4, 2011 9:22pm
Quoting stinhk
I have traded with this strategy over the past couple of weeks (1H TF) with some success, entry signals are pretty clear however I have been exiting positions on a more discretionary basis, rather than waiting for a signal from TDI. This tends to mean I'm watching the charts and micro-managing the trade through its lifetime, something I hope to get away from. To allieviate some of this I will probably give the longer TFs a go.

Correct me if I'm wrong but having read through this thread it seems that a lot of posters are also using such discretionary...
I have started using a 50 pip TP and 25 pip SL on the 1H charts. Here is my first trade using that strategy. (USDCHF 1H)

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  • #9,319
  • Aug 4, 2011 10:58pm Aug 4, 2011 10:58pm
Hi folk's,

Just entered long 15M chart AUS/USD. Could be foolish, as i understand economic news expected today, but i'm thinking it's got to go north really soon. Might have entered too early, so we'll see.

All the best. G.
'Fail to plan, plan to fail'
  • #9,320
  • Aug 4, 2011 11:07pm Aug 4, 2011 11:07pm
Such a wonderful long setup for a NZD/USD long as per the parameters set by Big E.
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