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Trading Made Simple

  • #14,661
  • Edited 10:55pm Feb 26, 2012 10:54pm | Edited 10:55pm
Quoting ocd
Hello everyone...new guy here.

.. Because I don't trade fx I don't have access to the TDI indicator so I messed around with my CCI and used a 5,3 setting (seems to do exactly the same thing as the TDI for timing...along with the Slow Stochastics set at 8,3 to show overbought/sold levels per the first post.
If you don't have access to TDI and want to mimic the RSI (Green) and Signal (Red) lines you can use MACD - Two Lines (hiding the histogram) and put settings to 2,7,13 and you'll have TDI without the Volatility bands. The only other thing missing is a 32 and 68 area b/c this indicator in this fashion is not a oscillator. The way around that is put RSI on as well set to the same so you at least have the 32 and 68 extreme areas to help you better pinpoint high probability areas.

Happy trading!
  • #14,662
  • Edited 3:56am Feb 27, 2012 1:43am | Edited 3:56am
E/J, U/J, G/J all looked great for short today.A H4 candle behind though.Right now might be a late entry but It was a nice by the book entry 4h ago

Good to cash like 40-50 pips from each pair and get out as the daily trend for these pairs is BUY.

The H4 cross is also dependant when your broker spawns a H4 candle.The cross and the visual display differs from broker to broker(they need to spawn a H4 candle in the same hour to have the same visual representation on chart).

Always look for basics like not trading into resistance or against the trend(its possible here to go against the trend on retracements but be ready to get out fast).
Look to your left for resistance, have a zoom out on daily PA then back on H4 and H1 and see what PA is doing, if the support/resistance levels seem like holding or not.

Put SL, on last highs or lows a couple of candles back(depending if you're going short or long).
Dont be so tempted to mess with moving the SL to BE, let your PA to breath.If you cant afford to let the PA breath then you should decrease your lot allocation per trade or revise your MM.

UPDATE

There was as much as 400 pips move (cummulated from all 3) for short on E/J, U/J, G/J, should you have gone with a sell at candle with a TDI cross...
The cross was 68 lvl down on TDI, the favourite move of Big E.
  • #14,663
  • Feb 28, 2012 12:56pm Feb 28, 2012 12:56pm
  •  Frv
  • | Joined Dec 2010 | Status: Keep working and you will get there | 77 Posts
Hello X-MAN .... this system along with a good PA is a sure money-maker. but I have a question for you, usually when there is a trend reversal or a breakout, and all set-ups happen, the first bar usually walk many pips and we lose them cause we enter after the confirmation. Do you have any solution to this problem?? And another question, you could tell me how profitable with 1H and D1....and...all setups remain like Big E wrote in post 1 ?... tks man!
" Keep walking and you will get there "
  • #14,664
  • Mar 4, 2012 7:59am Mar 4, 2012 7:59am
Quoting Frv
Hello X-MAN .... this system along with a good PA is a sure money-maker. but I have a question for you, usually when there is a trend reversal or a breakout, and all set-ups happen, the first bar usually walk many pips and we lose them cause we enter after the confirmation. Do you have any solution to this problem?? And another question, you could tell me how profitable with 1H and D1....and...all setups remain like Big E wrote in post 1 ?... tks man!
well when you want to get in the money early then i would say master the pair. Trading 1 pair is all you need to be profitable.

I trade the 1H E/U and have mastered that pair. I have developed my 6th sense. I have a 3rd eye to this pair. This what is very vital. read Phx62s posts he has done the same.
PA will move in the same way over nad over and if you master the paris personality then you will take enough pips home. At times when you enter wrong you will be able to tell and exit for the least pip. Learn your TDI with that 1 pair. Whe you know the folw of that 1 pair you will be able to know the TDI cross before the cross happens you will be able to visualize it and enter.

I trade the 1H and 4H TF . i dont trade the daily TF. Im very successful on the 1H and 4H.
X-man the legendary conqueror of markets
  • #14,665
  • Mar 5, 2012 9:10am Mar 5, 2012 9:10am
  •  Frv
  • | Joined Dec 2010 | Status: Keep working and you will get there | 77 Posts
Quoting X-Man
well when you want to get in the money early then i would say master the pair. Trading 1 pair is all you need to be profitable.

I trade the 1H E/U and have mastered that pair. I have developed my 6th sense. I have a 3rd eye to this pair. This what is very vital. read Phx62s posts he has done the same.
[size=3][color=blue]PA will move in the same way over nad over and if you master the paris personality then you will take enough pips home. At times when you enter wrong you will...
Thank you very much....
I'm using TMS H1 successfully, but we traders always want to capture as much of pips .... any tips for exits, I'm still afraid of fast reverses ?
I'm using a cross of 3/7 ssma in the M15 for my exits ... what do you think?
" Keep walking and you will get there "
  • #14,666
  • Mar 5, 2012 12:05pm Mar 5, 2012 12:05pm
Hi X-man!
Can you give me the latest version of this system? Please!
Greed and fear kills traders
  • #14,667
  • Mar 6, 2012 2:08am Mar 6, 2012 2:08am
Quoting FX-Trader
If you don't have access to TDI and want to mimic the RSI (Green) and Signal (Red) lines you can use MACD - Two Lines (hiding the histogram) and put settings to 2,7,13 and you'll have TDI without the Volatility bands. The only other thing missing is a 32 and 68 area b/c this indicator in this fashion is not a oscillator. The way around that is put RSI on as well set to the same so you at least have the 32 and 68 extreme areas to help you better pinpoint high probability areas.

Happy trading!
Try this instead
RSI 8 Set the color to NONE
SMA 3 of the RSI 8 set color to GREEN
SMA 7 of RSI 8 set color to RED
SMA 30 of RSI 8 set color to YELLOW

I think you'll find very good correlation with the same color TDI lines.

And with the RSI being used, you can set the 32, 50, and 68 lines, or whichever lines you like.

By the way, put a stochastic8,3,3 on your chart and check where it crosses compared to the TDI green crossing red.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #14,668
  • Mar 11, 2012 11:05am Mar 11, 2012 11:05am
Hello Traders,

I would like to share an 11 page document with you, which is, of course, a highly subjective selection of BigE's posts to TMS thread.

It might be useful for new traders and for those who still stick to the original method.

Enjoy.

Imre
Attached File(s)
File Type: doc Best of BigE.doc   134 KB | 1,096 downloads
  • #14,669
  • Mar 11, 2012 2:47pm Mar 11, 2012 2:47pm
And his charts, different currency pairs in different folders. Excellent stuff for practising.

Thank you BigE.

Yours Sincerely,

one of the traders who can thank you a lot
Attached File(s)
File Type: zip BigE Charts.zip   3.8 MB | 1,387 downloads
  • #14,670
  • Mar 11, 2012 3:47pm Mar 11, 2012 3:47pm
Quoting hupipko
Hello Traders,

I would like to share an 11 page document with you, which is, of course, a highly subjective selection of BigE's posts to TMS thread.

It might be useful for new traders and for those who still stick to the original method.

Enjoy.

Imre
Heres a PDF version of your Doc for those that don't have word, also it's a nice compilation GJ

i added another one that i also found a good read that was posted here.
Attached File(s)
File Type: pdf Best of BigE.pdf   130 KB | 2,984 downloads
File Type: pdf BigE comments.pdf   415 KB | 2,252 downloads
Don't forget Practice + Patience + Persistence = Profits
  • #14,671
  • Mar 11, 2012 4:56pm Mar 11, 2012 4:56pm
Sorryfor my English ... What 'TDI signal?
thanks
  • #14,672
  • Mar 11, 2012 4:59pm Mar 11, 2012 4:59pm
The moving average what?
And what are the indicators?
I like this a lot but I have no destination and I can not understand ... thanks again
  • #14,673
  • Mar 11, 2012 5:17pm Mar 11, 2012 5:17pm
I found the indicator in EasyLanguage YDI ...
the setting default is....
Average 34
Level H 68
Level L 32
Level M 50
Period Price Line 2
13 period RSI
period signal line 7
It 'ok?
  • #14,674
  • Mar 12, 2012 5:41am Mar 12, 2012 5:41am
Hello. New here.

Can you please tell me where I can get Market base line and Volatility Bands?

Thank you.
  • #14,675
  • Mar 12, 2012 6:51am Mar 12, 2012 6:51am
Quoting smokemachine
Hello. New here.

Can you please tell me where I can get Market base line and Volatility Bands?

Thank you.

you need to go back page 974 post#14596 and read that.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #14,676
  • Mar 12, 2012 7:14am Mar 12, 2012 7:14am
Quoting emmanuel7788
you need to go back page 974 post#14596 and read that.
Thank you.
Got it!
  • #14,677
  • Mar 12, 2012 12:57pm Mar 12, 2012 12:57pm
I'm pretty sure this is my first post in this thread. Quite a handy method you folks have here. I downloaded the indies and read thru the thread...set up my charts...and watched.

This looks like a good long setup but I'll need another set of more experienced eyeballs to tell me what they're seeing. I'm going long a little late in the day for the London/NY overlap crowd...and of course...I'm going long underneath a BRN (1.3150). One screws up the liquidity and slows things down...the other may kick us out with a loss.

Do you more experienced folks like to get in closer to the 5EMA after you get a TDI cross? Trying to get in a bit closer might have given me another 35 pips.

Buy EU 1.3146, SL 1.3046, TP not set.

Best,

Eric.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_tdi_4hr_20100312.gif Size: 14 KB
" Be always employed in something useful." - Benjamin Franklin
  • #14,678
  • Mar 12, 2012 1:44pm Mar 12, 2012 1:44pm
Quoting cougar73
I'm pretty sure this is my first post in this thread. Quite a handy method you folks have here. I downloaded the indies and read thru the thread...set up my charts...and watched.

This looks like a good long setup but I'll need another set of more experienced eyeballs to tell me what they're seeing. I'm going long a little late in the day for the London/NY overlap crowd...and of course...I'm going long underneath a BRN (1.3150). One screws up the liquidity and slows things down...the other may kick us out with a loss.

Do you more experienced...
looks like a late entry in candles and in the day too but looks good
  • #14,679
  • Mar 12, 2012 6:44pm Mar 12, 2012 6:44pm
Cougar: My view is.... a bit late for a perfect entry. The TDI cross is good as it is around the 32, but maybe you could have been more aggressive and taken the second candle (hard to tell where the TDI cross was). Also, the timings of the trade... look for set ups around 6am UK time and be out around 2pm or before. As it is you're going to be sat through the Asian Range with normally not much movement.

That is my view send in good spirit.
Ian
  • #14,680
  • Mar 12, 2012 11:13pm Mar 12, 2012 11:13pm
Quoting cougar73
I'm pretty sure this is my first post in this thread. Quite a handy method you folks have here. I downloaded the indies and read thru the thread...set up my charts...and watched.


Eric.

Looks like you managed some good profits there.
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