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  • #14,841
  • Mar 23, 2012 6:30am Mar 23, 2012 6:30am
You are definitely right. just changed my position to LONG...
  • #14,842
  • Mar 23, 2012 7:27am Mar 23, 2012 7:27am
Just spotted some more big crossovers that look like they will work out as losers. As I alluded to in a much earlier post, I've been working on a slightly different way of reading the TDI, and I think I might be nearing the conclusion of it, which will result in not taking a lot of the bad crossovers that are happening at the moment.

I would be very interested to know what Big E would say about the current trades that people have been taking, being that he is the originator of this method of reading the TDI. I certainly hope he is in good health and will make an appearance soon. Has anyone heard from him?
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #14,843
  • Mar 23, 2012 7:56am Mar 23, 2012 7:56am
Quoting By_Tor2114
Just spotted some more big crossovers that look like they will work out as losers. As I alluded to in a much earlier post, I've been working on a slightly different way of reading the TDI, and I think I might be nearing the conclusion of it, which will result in not taking a lot of the bad crossovers that are happening at the moment.

I would be very interested to know what Big E would say about the current trades that people have been taking, being that he is the originator of this method of reading the TDI. I certainly hope he is in good health...
Yah well if those big crossovers are on E/J and E/U, your talking to the loser as we speak. I really don't understand it. Every other time I see price do that it continues except for when I'm trading. Should've stayed in bed it would've been much cheaper... So what's this about the TDI? Apparently I need it badly lol..

Also, no, haven't heard anything from Big E. Don't think anyone has in quite some time. I agree though, I wish he was here, maybe he could straighten me out...

8/11 ... Okay I just counted the past 11 Crosses on the E/U. Basically you could've taken EVERY one of them and been in positive territory 8 of those times. Makes me want to hit my head on my keyboard... lol
  • #14,844
  • Mar 23, 2012 8:03am Mar 23, 2012 8:03am
Quoting joffie
Just a quick note,

I know how this method has been layed out to take trades, but you must watch the bigger picture. Take a look at this Daily USDCAD chart, price has been finding support around the weekly level, and now yesterday price broke through the trend line on the daily chart. For me there is no reason to sell the usdcad right now. I have sold the usdjpy though.

joffie
hi ive been reading this thread with interest, and you seem to be taking it in your stride, are you finding this method profitable?

Also while im at it, what is your average time in a position as trading off the 4hr timeframes?

I can see you are throwing in other analysis etc, so are you watching the smaller timeframes to make entries or have the best entries past by the time the 4hr corss over occurs? Sorry for being long winded, just very interested in this method.

Also howmany pairs are you watching?
  • #14,845
  • Mar 23, 2012 8:19am Mar 23, 2012 8:19am
Quoting thrasher88
Yah well if those big crossovers are on E/J and E/U, your talking to the loser as we speak. I really don't understand it. Every other time I see price do that it continues except for when I'm trading. Should've stayed in bed it would've been much cheaper... So what's this about the TDI? Apparently I need it badly lol..

Also, no, haven't heard anything from Big E. Don't think anyone has in quite some time. I agree though, I wish he was here, maybe he could straighten me out...

8/11 ... Okay I just counted the past 11 Crosses on the E/U. Basically...
Thrasher,

Be very careful when looking back at the TDI. If you have logged out of MT4 or your connection has been refreshed, it will have re-painted those crosses in a big way. When you initially look at the TDI, it looks like the perfect indicator, but it requires far more discretion than was initially thought. Maybe market movements have changed since Big E first made this thread. Whatever the case, the TDI re-paints in such a way that it can look borderline flawless.

I am continuing to work with the TDI reading, but I don't want to post anything until I know my findings are conclusive. At present, unless you are like Joffie and have excellent price action skills to filter the trades, I'd personally be staying out of the TDI as an indicator.

Whatever happened to X-Man? Is he still around? After Big E left, I thought he was pretty much equally informed as to the use of the TDI. It seems as though this thread has now been abandoned by the original team of people that worked on it, which means things could very easily have been lost in translation along the way.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #14,846
  • Mar 23, 2012 8:29am Mar 23, 2012 8:29am
Quoting By_Tor2114
Thrasher,

Be very careful when looking back at the TDI. If you have logged out of MT4 or your connection has been refreshed, it will have re-painted those crosses in a big way. When you initially look at the TDI, it looks like the perfect indicator, but it requires far more discretion than was initially thought. Maybe market movements have changed since Big E first made this thread. Whatever the case, the TDI re-paints in such a way that it can look borderline flawless.

I am continuing to work with the TDI reading, but I don't want to post anything...
Hey Tor,

I agree with you that it changes to look much smoother than before and I see this all the time. For example it could be like a 90 degree angle when it crosses but it changes over time. However, if you right click on your screen and click refresh it shows you what's really going on. Basically it shows what it will always look like, unless theres more changes during the current bar, at which time you can just click refresh again.

Also, X-man started his own thread:
http://www.forexfactory.com/showthread.php?t=327972

I follow him sometimes, and he always gives his due credit to Big E, I just haven't become comfortable with his revised method yet...

Basically... I think I need to start waking up at 4am EST again to trade the start of the London, because I keep seeing missed opportunities there.

And there goes both my trades, would be back at B/E but I already had gotten stopped out (just barely)... Oh well one of the first rules is to not risk more than you can afford and never change your S/L... so at least that I'm doing right, I guess...
  • #14,847
  • Mar 23, 2012 8:45am Mar 23, 2012 8:45am
Quoting thrasher88
Hey Tor,

I agree with you that it changes to look much smoother than before and I see this all the time. For example it could be like a 90 degree angle when it crosses but it changes over time. However, if you right click on your screen and click refresh it shows you what's really going on. Basically it shows what it will always look like, unless theres more changes during the current bar, at which time you can just click refresh again.

Also, X-man started his own thread:
http://www.forexfactory.com/showthread.php?t=327972

I follow...
The main issue is looking back at trades that would have been winners. I left my MT4 running for a day with the TDI on and checked the entries. There were many poor entries on the screen. As soon as I refreshed it, all the entry spots changed to what would have been perfect entries. This wouldn't have happened at the time, as the angle of the cross would not have been strong enough until the bar had closed and the refresh had been hit. Obviously, by that time it would have been too late.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #14,848
  • Mar 23, 2012 9:36am Mar 23, 2012 9:36am
The problem with TDI and any other indicator based on Moving averages is they move (hence, the name MOVING average) after all TDI cross is the 3 SMA and 7 SMA of the 14 period RSI. That is the main reason Eelfranz emphasized that trade should be taken at the close of the bar to ensure the cross has actually happened.

Eelfranz was relying on his experience and his chart reading skills to judge if the move was sustainable or not. You may try other indicators to help you judge the sustainability of the move. For this purpose you can use John Bollinger`s bandwidth indicator which I posted here http://www.forexfactory.com/showthre...86#post5481786 .

For more instructions for using this indicator visit John bollinger`s site and click on 22 rules for using bollinger bands (http://www.bollingeronbollingerbands.com/)

Kind Regards
  • #14,849
  • Mar 23, 2012 9:43am Mar 23, 2012 9:43am
Quoting astral77
The problem with TDI and any other indicator based on Moving averages is they move (hence, the name MOVING average) after all TDI cross is the 3 SMA and 7 SMA of the 14 period RSI. That is the main reason Eelfranz emphasized that trade should be taken at the close of the bar to ensure the cross has actually happened.

Eelfranz was relying on his experience and his chart reading skills to judge if the move was sustainable or not. You may try other indicators to help you judge the sustainability of the move. For this purpose you can use John Bollinger`s...
Many thanks, Astral. I have been trying out the bandwidth indicator on a few charts (You might be able to see it in a few that I posted), so I will let you know if anything comes of it. For now I shall continue my work with the TDI, as I think it is still a plausible system. Hopefully we can get a great movement going in this thread.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #14,850
  • Mar 23, 2012 10:09am Mar 23, 2012 10:09am
Okay a couple of the really good traders on here are using pivots. I see Only20GP is using Weekly pivots and Joffie I think your using Daily, but not exactly sure. Which would you guys recommend I use? Also, are you guys looking for both breakouts and bounces off pivots or one or the other? Thanks in advance!
  • #14,851
  • Mar 23, 2012 10:22am Mar 23, 2012 10:22am
Quoting thrasher88
Okay a couple of the really good traders on here are using pivots. I see Only20GP is using Weekly pivots and Joffie I think your using Daily, but not exactly sure. Which would you guys recommend I use? Also, are you guys looking for both breakouts and bounces off pivots or one or the other? Thanks in advance!
And to echo Thrasher's post; if anyone has a good pivot indi to post, please go rigght ahead!
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #14,852
  • Mar 23, 2012 10:54am Mar 23, 2012 10:54am
Quoting By_Tor2114
Anyone else go short on this H4 cross on USD/CAD? There is also a cross in the opposite direction on GBP/USD, but I didn't take it due to recent resistance in that area... Ironically, the trade on G/U looks a little healthier than this one on U/C!

Note: The new H4 candle opened at 9am UK time, despite what the display says in the attached image.
This looks to be going down on the 4& 1hour charts, may be a great trade into next week.
  • #14,853
  • Mar 23, 2012 2:19pm Mar 23, 2012 2:19pm
Quoting By_Tor2114
And to echo Thrasher's post; if anyone has a good pivot indi to post, please go rigght ahead!
This is the Pivot Indi I use with another method...
Attached File(s)
File Type: mq4 PivotsDaily.mq4   15 KB | 515 downloads
  • #14,854
  • Mar 23, 2012 2:29pm Mar 23, 2012 2:29pm
Quoting MrBurns
This looks to be going down on the 4& 1hour charts, may be a great trade into next week.
I agree with your analysis of the USDCAD. LOTS of resistance...see red line. Not to say that price couldn't break out to the upside, but this is why it's always imperative to zoom out and scan left on the chart before entering a trade.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 4h resistance.gif Size: 29 KB
  • #14,855
  • Mar 23, 2012 2:32pm Mar 23, 2012 2:32pm
Quoting SMcGuire45
I agree with your analysis of the USDCAD. LOTS of resistance...see red line.
does anyone know where we can get daily resistance and support data from when trading TMS
  • #14,856
  • Mar 23, 2012 2:43pm Mar 23, 2012 2:43pm
Quoting huw123
does anyone know where we can get daily resistance and support data from when trading TMS
I just posted a daily pivots indi above...
  • #14,857
  • Mar 23, 2012 5:38pm Mar 23, 2012 5:38pm
Thanks mcGuire
  • #14,858
  • Mar 23, 2012 9:01pm Mar 23, 2012 9:01pm
Quoting huw123
does anyone know where we can get daily resistance and support data from when trading TMS
IMHO Squalo`s S&R indicator is the best there is. Try it out.
Kind Regards
Attached File(s)
File Type: mq4 10.1 Daily S%26R Daily.mq4   14 KB | 689 downloads
  • #14,859
  • Mar 24, 2012 12:48am Mar 24, 2012 12:48am
I hope you don't mind if I tagg along on this thread. I've been a SYNERGY fan for some time and I like deviations of the original, IF it simplifies and gets me more time away from the pewter.
  • #14,860
  • Mar 24, 2012 7:27am Mar 24, 2012 7:27am
Quoting thrasher88
Okay a couple of the really good traders on here are using pivots. I see Only20GP is using Weekly pivots and Joffie I think your using Daily, but not exactly sure. Which would you guys recommend I use? Also, are you guys looking for both breakouts and bounces off pivots or one or the other? Thanks in advance!
Hi Thrasher,

I don't actually use pivots, what I do is look for daily support and resistance in the normal way from using area's where price has struggled to go higher or lower. But as well as that I use daily candles as a level of support and resistance on their own, and when these area's confluence with highs and lows of support and resistance I take note. The area's I am talking about are called R1,R2,S1 and S2.

These are made up of 1 candle, which I only look at a candle which is considerally larger than others around it. So say we had a large bearish candle on the daily time frame, which also came around a level of resistance where price has made attempts to break higher but failed, or was a support and been broken to the downside and testing from below.

On this bearsish candle, I would now look to see if price either tests the R1 or R2 level, this is basicly middle of the body or open of the candle. Here many times price will be rejected of these area's on the 4hr charts.

Hope I have written this in a way you can understand?

joffie
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