Very interesting. Not sure I'm 100% clear on how to use it. Can you create one post explaining how to use each indicator and the rules. I posted them and I see a lot of red and blue lines but its not real clear. What are the up and down thumbs showing? What are the up and down arrow show? Not real clear.
- | Joined Sep 2012 | Status: Member | 573 Posts
Ok. First you need is read this messages:
http://www.forexfactory.com/showthre...06#post5493406
http://www.forexfactory.com/showthre...46#post5493446
http://www.forexfactory.com/showthre...97#post5493497
it's explaining all properties of all lines.
But, for example, let see today's screenshot:
For today 6183 and 6064 it's a "Day borders of options balance", so price usually don't go out of this borders, you can use them to work to rebound (sell from 6183 as example).
1.6098 - today's "Balance of the Day" (BD). It shows wishes of price. Often you can use it as target.
1.6124-1.6103 - it buy-zone, area of market buy-limits accumulation.
1.6158-1.6179 - sell-zone, area of sell-limits accumulation.
You can use this zones to set buy/sell orders.
Blue polygon - it's "mandatory zone", properties the same as BD.
One of the properties of BD and "mandatory zone" we can see today "If we go to the level of BD from up to bottom - often bounces up or even turn up".
Price fall to "mandatory zone" (and buy-zone) and jump up. Then price touches sell-zone and rebound.
Look all history that available in indicator and watch how it works.
Also read everyday comments in indicator.
Also remember, that signal can not work precisely in periods of futures expiration (it's 2 last week)
If you have more questions - welcome!
http://www.forexfactory.com/showthre...06#post5493406
http://www.forexfactory.com/showthre...46#post5493446
http://www.forexfactory.com/showthre...97#post5493497
it's explaining all properties of all lines.
But, for example, let see today's screenshot:
For today 6183 and 6064 it's a "Day borders of options balance", so price usually don't go out of this borders, you can use them to work to rebound (sell from 6183 as example).
1.6098 - today's "Balance of the Day" (BD). It shows wishes of price. Often you can use it as target.
1.6124-1.6103 - it buy-zone, area of market buy-limits accumulation.
1.6158-1.6179 - sell-zone, area of sell-limits accumulation.
You can use this zones to set buy/sell orders.
Blue polygon - it's "mandatory zone", properties the same as BD.
One of the properties of BD and "mandatory zone" we can see today "If we go to the level of BD from up to bottom - often bounces up or even turn up".
Price fall to "mandatory zone" (and buy-zone) and jump up. Then price touches sell-zone and rebound.
Look all history that available in indicator and watch how it works.
Also read everyday comments in indicator.
Also remember, that signal can not work precisely in periods of futures expiration (it's 2 last week)
If you have more questions - welcome!
- | Joined Sep 2012 | Status: Member | 573 Posts
Indicator shows strong levels of offer and demand. At least, price stops on this levels, but usually goes to rebound. And level can be not today’s level.
About indicator lines.
Solid lines LightSeaGreen color – it’s buy levels, red color – it’s sell levels.
If price is breakdown the level (goes from level more than 50 pips), then in most cases is comeback to this level same day or next few days, especially if we don’t touched opposite level.
Dotted lines it’s levels of broken sell (Red) and buy (LightSeaGreen) levels from the past days.
Dash lines – untreated levels of past days.
How to use.
You can work with those levels using limit-orders to rebound.
And strange but yesterday’s levels works better than today’s levels.
Accumulation of Ferrum-levels from past days in one price area talks about serious sentiment of players to protect this levels, and increases strong of this area.
Notice: Ferrum-levels are not directional. To define the direction use TST_Levels. This levels show levels of possible rebounds and better use Ferrums with 30-40 pips stop-loss.
Set up indicator on H1 timeframe, works on GBP/USD and EUR/USD
About indicator lines.
Solid lines LightSeaGreen color – it’s buy levels, red color – it’s sell levels.
If price is breakdown the level (goes from level more than 50 pips), then in most cases is comeback to this level same day or next few days, especially if we don’t touched opposite level.
Dotted lines it’s levels of broken sell (Red) and buy (LightSeaGreen) levels from the past days.
Dash lines – untreated levels of past days.
How to use.
You can work with those levels using limit-orders to rebound.
And strange but yesterday’s levels works better than today’s levels.
Accumulation of Ferrum-levels from past days in one price area talks about serious sentiment of players to protect this levels, and increases strong of this area.
Notice: Ferrum-levels are not directional. To define the direction use TST_Levels. This levels show levels of possible rebounds and better use Ferrums with 30-40 pips stop-loss.
Set up indicator on H1 timeframe, works on GBP/USD and EUR/USD
- | Joined Sep 2012 | Status: Member | 573 Posts
Developing tactics to work with ferrums still in process, but some features already have.
1. Rebound from ferrums
Ferrums - it's a levels where price goes to rebound or stops.
Set limit-orders on the Ferrum levels to rebound when first touch of price to level.
Here we need to use stop-loss.
Now development of tactic in process and when it's would be finished I'll write all parameters of open, close, SL and TP.
But you can look the history of Ferrum levels, see how it works and try to work to rebound right now.
2. Rebound when comeback to breakout level
Rules of this tactic:
We have buy-ferrum, and was breakout. After some time price comeback to this level and then we open sell to rebound from this level.
We have sell-ferrum, and was breakout. After some time price comeback to this level and then we open buy to rebound from this level.
Note that rebound in this tactic happen very powerful.
Also are good properties in this tactic:
If the price comeback to level and don't go to rebound (level breakdown again), then we wait comeback. You can work
without stop-loss, but keep MoneyManagement!
Examples of rebound on the images.
Notice: breakout it's when 50 pips or more.
3. Breakout of today's ferrum level.
It's long comeback:
Tactic:
If we have breakout of today's ferrum then we waitin comeback to level of breakout
In that case also possible work without stop-loss, but you must keep MM.
Usually comeback in are 4 days, but also happens longer.
At this moment maximum time of comeback is 10 days, price goes from level on 300 pips.
Notice: breakout it's when 50 pips or more.
4. Breakout on comeback
We have ferrum, and was breakout, and after some time price comeback to this level, and then we open deal to rebound.
But have cases when rebound not happen, and we have breakout again, here we waiting comeback to level.
Work with this tactic possible without stop-loss, but you must keep MM accurately. Because comeback usually take up to 5 days, but have cases up to 14 days and 300 pips overfly.
Notice: Remember, the most better understanding will be if you look history of indicator and watching how TST Ferrum levels works!
1. Rebound from ferrums
Ferrums - it's a levels where price goes to rebound or stops.
Set limit-orders on the Ferrum levels to rebound when first touch of price to level.
Here we need to use stop-loss.
Now development of tactic in process and when it's would be finished I'll write all parameters of open, close, SL and TP.
But you can look the history of Ferrum levels, see how it works and try to work to rebound right now.
2. Rebound when comeback to breakout level
Rules of this tactic:
We have buy-ferrum, and was breakout. After some time price comeback to this level and then we open sell to rebound from this level.
We have sell-ferrum, and was breakout. After some time price comeback to this level and then we open buy to rebound from this level.
Note that rebound in this tactic happen very powerful.
Also are good properties in this tactic:
If the price comeback to level and don't go to rebound (level breakdown again), then we wait comeback. You can work
without stop-loss, but keep MoneyManagement!
Examples of rebound on the images.
Notice: breakout it's when 50 pips or more.
3. Breakout of today's ferrum level.
It's long comeback:
Tactic:
If we have breakout of today's ferrum then we waitin comeback to level of breakout
In that case also possible work without stop-loss, but you must keep MM.
Usually comeback in are 4 days, but also happens longer.
At this moment maximum time of comeback is 10 days, price goes from level on 300 pips.
Notice: breakout it's when 50 pips or more.
4. Breakout on comeback
We have ferrum, and was breakout, and after some time price comeback to this level, and then we open deal to rebound.
But have cases when rebound not happen, and we have breakout again, here we waiting comeback to level.
Work with this tactic possible without stop-loss, but you must keep MM accurately. Because comeback usually take up to 5 days, but have cases up to 14 days and 300 pips overfly.
Notice: Remember, the most better understanding will be if you look history of indicator and watching how TST Ferrum levels works!
- | Joined Sep 2012 | Status: Member | 573 Posts
1. What/where is the data being pulled from and what exactly does it represent?
All data pulled from CME Daily bulletin for daily indicators (TST_Levels, TST_Indexes, TST_Ferrum).
For TST_Global_Zone indicator data pulled from Daily bulletin, COT and some else sources.
2. How do I use the TST_Levels?
You can use TST_Levels for intraday trading.
Or for long-term trading to find best open or close price.
For intraday trading better use TST_Levels, TST_Indexes and TST_Ferrums together.
Example: we have sell signal from TST_Indexes, then we look at TST_Ferrums or TST_Levels for find strong level for sell. It can be Sell-ferrum, or Day borders of options balance in TST_Levels.
3. Are you the one creating the daily notes?
I am author of all notes, but i have team of traders, who help me with test and develop.
4. Give me an example of the 90-100% trade you mentioned.
This is my state for 12 month. Trade by all of TST indicators.
I can't show all my deals.
If you are interesting, watch this theme, i will trade public, and show how to made this.
Anyway, my public trading only starts here, so in time you will see all my deals with my comments and screenshots.
I understand that is too much information in one day, but set up all indicators, watch history, and you'll see that is worked and see how it worked.
If you will use all indicators together, you can build full trading system.
All data pulled from CME Daily bulletin for daily indicators (TST_Levels, TST_Indexes, TST_Ferrum).
For TST_Global_Zone indicator data pulled from Daily bulletin, COT and some else sources.
2. How do I use the TST_Levels?
You can use TST_Levels for intraday trading.
Or for long-term trading to find best open or close price.
For intraday trading better use TST_Levels, TST_Indexes and TST_Ferrums together.
Example: we have sell signal from TST_Indexes, then we look at TST_Ferrums or TST_Levels for find strong level for sell. It can be Sell-ferrum, or Day borders of options balance in TST_Levels.
3. Are you the one creating the daily notes?
I am author of all notes, but i have team of traders, who help me with test and develop.
4. Give me an example of the 90-100% trade you mentioned.
This is my state for 12 month. Trade by all of TST indicators.
I can't show all my deals.
If you are interesting, watch this theme, i will trade public, and show how to made this.
Anyway, my public trading only starts here, so in time you will see all my deals with my comments and screenshots.
I understand that is too much information in one day, but set up all indicators, watch history, and you'll see that is worked and see how it worked.
If you will use all indicators together, you can build full trading system.
- | Joined Sep 2012 | Status: Member | 573 Posts
And the last TST indicator of existed at this moment - TST Monthly (
).
We have sell levels (Red color) and buy levels (Teal color).
Monthly levels it’s a levels of accumulation of limit-orders of big players. Usually we have 2-4 sell and buy levels. Let’s look at sell levels for example. We have bottom and upper sell levels. From each level price usually make rebound. If the price lift upper than all sell levels, it always very fast comeback. Also price reacts on untreated levels of past months.
Levels of indicator:
Yellow level.
Important only on GBP/USD.
If month opens above the yellow level, it usually falling down to yellow level and then rebound and go up about 400-600 pips.
If month opens below the yellow, then we don’t have defined scenario.
Notice: Month opening – 1st day after options expiration.
White levels.
Not important.
On EUR/USD we also have violet levels.
Violet levels.
It’s levels, that price necessarily must touch.
If we have 2 violet levels in current month, price usually touch one of them.
As usually, the best way to understand how indicator works - is look at history (set to "true" parameter "ShowAllHistory" of indicator).
At this moment supports EUR/USD and GBP/USD. Soon (maybe in next few days) expecting support of USD/CAD.
Set indicator on D1 timeframe. Indicator updates every month, on the next day after options expiration, usually it’s 5-10 day of month.
Full batch of TST indicators:
includes:
1) TST_Global_Zone, description here, supports GBP/USD, EUR/USD, AUD/USD, NZD/USD, USD/CAD, EUR/GBP. Set up on H4 timeframe.
2) TST_Levels, description here, supports GBP/USD, EUR/USD, USD/CAD(test mode). Set up on H1 timeframe.
3) TST_Indexes, description here, supports GBP/USD, EUR/USD, USD/CAD. Set up on H1, H4, M30 timeframes.
4) TST_Ferrum, description part 1, part 2, supports GBP/USD, EUR/USD. Set up on H1 timeframe.
5) TST_Monthly, description in this message. Supports GBP/USD, EUR/USD. Set up on MN timeframe.
All indicators are made for MetaTrader4 platform.
We have sell levels (Red color) and buy levels (Teal color).
Monthly levels it’s a levels of accumulation of limit-orders of big players. Usually we have 2-4 sell and buy levels. Let’s look at sell levels for example. We have bottom and upper sell levels. From each level price usually make rebound. If the price lift upper than all sell levels, it always very fast comeback. Also price reacts on untreated levels of past months.
Levels of indicator:
Yellow level.
Important only on GBP/USD.
If month opens above the yellow level, it usually falling down to yellow level and then rebound and go up about 400-600 pips.
If month opens below the yellow, then we don’t have defined scenario.
Notice: Month opening – 1st day after options expiration.
White levels.
Not important.
On EUR/USD we also have violet levels.
Violet levels.
It’s levels, that price necessarily must touch.
If we have 2 violet levels in current month, price usually touch one of them.
As usually, the best way to understand how indicator works - is look at history (set to "true" parameter "ShowAllHistory" of indicator).
At this moment supports EUR/USD and GBP/USD. Soon (maybe in next few days) expecting support of USD/CAD.
Set indicator on D1 timeframe. Indicator updates every month, on the next day after options expiration, usually it’s 5-10 day of month.
Full batch of TST indicators:
includes:
1) TST_Global_Zone, description here, supports GBP/USD, EUR/USD, AUD/USD, NZD/USD, USD/CAD, EUR/GBP. Set up on H4 timeframe.
2) TST_Levels, description here, supports GBP/USD, EUR/USD, USD/CAD(test mode). Set up on H1 timeframe.
3) TST_Indexes, description here, supports GBP/USD, EUR/USD, USD/CAD. Set up on H1, H4, M30 timeframes.
4) TST_Ferrum, description part 1, part 2, supports GBP/USD, EUR/USD. Set up on H1 timeframe.
5) TST_Monthly, description in this message. Supports GBP/USD, EUR/USD. Set up on MN timeframe.
All indicators are made for MetaTrader4 platform.
