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Attachments: Easy Does It off the TDI indicator - EDI TDI
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Easy Does It off the TDI indicator - EDI TDI

  • #21
  • May 14, 2012 8:11pm May 14, 2012 8:11pm
Quoting aelimian
Please illustrate the entry on the chart above. Thanks
Sure, here's the initial entry shown by the yellow vertical line. You'll notice the green line coming back down from the outside of the blue bands and then crossing the red. Then cross and entry would have shown up at the beginning of the daily candle.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 153 KB
  • #22
  • May 14, 2012 9:10pm May 14, 2012 9:10pm
I've been using TDI since it was introduced by Big E
Love to learn another method of trading it.

Thanks Spyderman
Lets make some green pips
  • #23
  • May 14, 2012 9:25pm May 14, 2012 9:25pm
wow! it's even more simple than the eelfranz intended.
  • #24
  • May 15, 2012 11:48am May 15, 2012 11:48am
Hi, Spydeman.

What is your TP for stacked trades (that is H1 trade) please ?

TIA
Regards

BBF
BigBlackfeet Always on the(forex) war path !
  • #25
  • May 15, 2012 11:59am May 15, 2012 11:59am
Quoting BLACKFEET
Hi, Spydeman.

What is your TP for stacked trades (that is H1 trade) please ?

TIA
Regards

BBF
There is no set TP. All trades, whether initial or stacked are set to BE and then retained until the Daily TDI crosses back against the initial trade.

For example, on the AUD/USD we see price is slowing and even turning back up, it's also hitting the bottom of our SHI channel. Will it break back to the upside or continue down? We don't know. But, if our TDI green crosses back over red I'll exit 1/2 of my positions (those nearer to PA) and retain the rest at BE in line with the Equity Millipede.

Since the green TDI is also outside of the blue at this point, that crossover on red would also trigger a buy series in line with our "initial entry" criteria.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 158 KB
  • #26
  • May 15, 2012 1:24pm May 15, 2012 1:24pm
Hi (again) Spyderman

Thanks quite a lot for this quick and full answer. I look forward to trading with this "stackling" method.

Thanks again, lots of pips.

Best regards

BBF
BigBlackfeet Always on the(forex) war path !
  • #27
  • May 15, 2012 2:57pm May 15, 2012 2:57pm
Quoting spyderman
For example, on the AUD/USD we see price is slowing and even turning back up, it's also hitting the bottom of our SHI channel. Will it break back to the upside or continue down? We don't know. But, if our TDI green crosses back over red I'll exit 1/2 of my positions (those nearer to PA) and retain the rest at BE in line with the Equity Millipede.

Or not...
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 161 KB
  • #28
  • May 17, 2012 7:42am May 17, 2012 7:42am
We've had some pretty good movement on several pairs during the night. Here's a quick snapshot of all the open trades and the pipcounts.
Right now the floating equity is around 137% of account balance. Pretty good so far. We'll see how it nets out when I get some reversals and start closing positions.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled-1 copy.jpg Size: 290 KB
  • #29
  • May 17, 2012 4:30pm May 17, 2012 4:30pm
APB or candlestick?
  • #30
  • May 17, 2012 5:55pm May 17, 2012 5:55pm
I use candlesticks. It has nothing to do with the trade signals so its just a matter of personal choice. I do think it gives a more accurate view of PA though.
  • #31
  • May 18, 2012 8:16am May 18, 2012 8:16am
Xaphod has been working on an EA to help in trading this system. It won't be a set and forget type EA. I don't think that can or should work with this. But it will help trade the stacking during periods where we can't be at the screen.

For those interested (especially coder's ) the thread is at:
http://www.forexfactory.com/showthread.php?t=363080

Do not try to use this developmental EA on a live account until it has been tested thoroughly.
  • #32
  • May 20, 2012 6:49am May 20, 2012 6:49am
Hi spyder,

great thread!

Sorry its still unclear to me, which timeframe are you trading on/ which timeframe to put the EA on?

Steve H might be able to help with the last twists?

Cheers

PC

Quoting spyderman
Xaphod has been working on an EA to help in trading this system. It won't be a set and forget type EA. I don't think that can or should work with this. But it will help trade the stacking during periods where we can't be at the screen.

For those interested (especially coder's ) the thread is at:
http://www.forexfactory.com/showthread.php?t=363080

Do not try to use this developmental EA on a live account until it has been tested thoroughly.
Less is more...
  • #33
  • May 20, 2012 7:24am May 20, 2012 7:24am
Quoting pipcruiser
Hi spyder,

great thread!

Sorry its still unclear to me, which timeframe are you trading on/ which timeframe to put the EA on?

PC
Pipcruiser,

I use the daily TF for my signal on which way I'm going to trade a given series (long/short). I enter on the TDI daily cross if it meets the criteria in post 1. Also use the daily to tell me when it's time to diversify my positions (close out some) and perhaps beginning trading in the opposite direction. No EA needed for this. As this happens on the daily, it's not that tough to do manually. Plus there's a certain amount of trader discretion needed, especially in the diversification process.

Once the initial trade is at BE I move to the 1H and trade every cross (as long as previous trades are at BE) of the 1H TDI in the same direction as the initial trade.

This is where I need the EA. At night or when I can't be at my screens, this EA would continue to trade as outlined.

As mentioned earlier, it's almost there. Just need to add the part about waiting for previous trade to be at BE.

Quoting pipcruiser
Steve H might be able to help with the last twists?

Cheers

PC
I had actually started this thread at Steve's site (before I had Xaphod's EA). Steve worked with it for a short time but became frustrated with trying to extract data from the TDI indicator.

Not that Xaphod has basically supplied that part, I may go back over and start a new thread there as well.

Thanks for the input.
  • #34
  • May 20, 2012 7:52am May 20, 2012 7:52am
Before the market opens later today, I thought I'd post charts and thoughts on the pairs on which I currently have trades going.

That way everyone can see what the idea is here and ask any questions.

So let's start with AUD/USD...the largest trade I currently have going.
Started this short cycle on May 3rd and it's still going down.

On the daily you'll notice that the TDI is showing the downward bias is still strong. There were several times when I thought it might turn back up and cross the red to the upside but it's not ready yet.

On the H1 you can see several places where I've added orders on the TDI cross (many others have closed at BE or at loss) I've also noted a couple of recent support and resistance lines that have contributed to the stacks. We may see price retrace to that last resistance and then continue down, which may trigger another stack trade. We'll see.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd daily.jpg Size: 182 KB
Click to Enlarge Name: audusd 1h.jpg Size: 149 KB
  • #35
  • May 20, 2012 8:21am May 20, 2012 8:21am
On the USD/CAD we see a strong break through and then retest of our channel indicator to the upside and a steep slope on the TDI.

The hourly shows a resistance level. Looking at the TDI, the next hourly bar may dip green under red, setting up a long trade if that resistance level breaks.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad daily.jpg Size: 167 KB
Click to Enlarge Name: usdcad 1h.jpg Size: 141 KB
  • #36
  • May 20, 2012 9:32am May 20, 2012 9:32am
They don't all work out.

Here's an entry signal for USD/JPY that didn't pan out. We'll see if it heads back up in the future.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 149 KB
  • #37
  • May 20, 2012 9:38am May 20, 2012 9:38am
On the GBP/USD the daily speaks for itself.
On the the H1 we see a nice resistance level at 1.5835 that's been hit 3 times to the pip. Might be a nice setup coming up for a short stack...mmm...makes me think of pancakes.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 166 KB
Click to Enlarge Name: gbpusd h1.jpg Size: 139 KB
  • #38
  • May 20, 2012 10:12am May 20, 2012 10:12am
Hey spiderman,you're a smart trader keep up the great work,I want to ask how you feel about deploying the 200 ema to this strategy,I know you said you don't like using too many extra indy's also do you consider weekly levels in your analysis before taking trades on the D1 timeframe,thanks Mo
  • #39
  • May 20, 2012 11:00am May 20, 2012 11:00am
Quoting Moe Wet
Hey spiderman,you're a smart trader keep up the great work,I want to ask how you feel about deploying the 200 ema to this strategy,I know you said you don't like using too many extra indy's also do you consider weekly levels in your analysis before taking trades on the D1 timeframe,thanks Mo

Moe,

Thanks for the compliment...we'll see how smart or not so smart as these trades progress...

To answer your questions, I do "look" at other indicators, tf's and pa to help decide on the initial daily entry. Some TDI crosses just don't seem to have the right "look". That's why I mentioned I'm not really interested in developing a set and forget EA for the initial daily entry.

Once in the series I pretty much just go with straight TDI cross on the H1 for my stacking trades (unless something really jumps out at me)


Hey guys and gals,

Don't forget to rate the thread if you like what you're seeing. Might attract more interest.
  • #40
  • May 20, 2012 11:07am May 20, 2012 11:07am
GBP/CHF:

Again no surprise on the daily. Nice momentum down.

On the hourly we just missed having a sufficient retracement for a new entry. Would have been a logical spot with that support at the 1.4900 level but I must be patient.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpchf daily.jpg Size: 166 KB
Click to Enlarge Name: gbpchf h1.jpg Size: 143 KB
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