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TDI and Stochastic strategy

  • #201
  • Aug 2, 2013 1:33pm Aug 2, 2013 1:33pm
Quoting kavinsky
And one more thing, this strat, have you backtested it with other curreny if u only take the ones that goes with the trend ? I will do some backtesting on the subject too see if there positive results but as long as 3 out 4 trades are winners, and give a positive $..there are really no problem.

We cant trade with the trend only, because we would miss too many opportunities (where I have made most of my money), plus TDI wont hit 68 that often (unless you are willing to take extra risk on a crossover below the line).

Changing where the entries are, or their quantities, changes the strategy too much. I think we are already around 95% there, this last trade was the 5%. Which I guess is acceptable, but I would rather perfect this thing.

I think the key lies in the fact that price practically reached break-even. Why did we not take it? What rule are we missing that was not triggered to take that break-even?
  • #202
  • Aug 2, 2013 1:45pm Aug 2, 2013 1:45pm
Quoting aandaleb
{quote} I do not look at volume for this strategy at all, although I am currently working on 2 other strategies that are very promising, and one of them has to do with volume.

Hi Aandaleb...just saw your last post. Then looked closer at the thread and see you answered my question. Thanks...I did not think you were too worried about the time of day on this one.

Anyhow...did you post a screen shot (post #) of this trade that busted your account? Sorry, I looked through the thread but I could not find anything.

I also see you like to have a drink...me too, cheers

Bryan
  • #203
  • Aug 2, 2013 1:53pm Aug 2, 2013 1:53pm
I agree with you on that we cant just take the trend based setups, but at least be more carefull when we are against a strong trend with good momentum on higher time frame. But yeah...its very close to perfect, but we miss a important piece of the picture
  • #204
  • Aug 2, 2013 1:57pm Aug 2, 2013 1:57pm
Quoting bryn077
{quote} Hi Aandaleb...just saw your last post. Then looked closer at the thread and see you answered my question. Thanks...I did not think you were too worried about the time of day on this one. Anyhow...did you post a screen shot (post #) of this trade that busted your account? Sorry, I looked through the thread but I could not find anything. I also see you like to have a drink...me too, cheers Bryan
No, I didnt post a screenshot but I probably should have, here it is.
Drinking the right drink at night when its nice and quiet allows me to see things I would never have seen. It helps alot cheers
Attached Image (click to enlarge)
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  • #205
  • Aug 2, 2013 2:18pm Aug 2, 2013 2:18pm
Quoting aandaleb
{quote} No, I didnt post a screenshot but I probably should have, here it is. Drinking the right drink at night when its nice and quiet allows me to see things I would never have seen. It helps alot cheers {image}

Ahh...I see, thanks. That wasn't a bad set-up man. You just needed the big money to come in, drive the price up and fill those big extended range candles to the left of your buy. Which happens A LOT. But, the big money just didn't show up...I think anyway. I took a similar hit on the AC earlier in the week...


Agreed...a cool drink can take the edge off, helps me close out the day and sometimes make decisions for placing overnight trades.


Bryan
  • #206
  • Aug 2, 2013 2:22pm Aug 2, 2013 2:22pm
Hello Guys

When Aandalep posted this strategy I took it upon myself to back test it since the beginning of the year and noticed that if you add up to 10 positions you make serious money. So when I placed my intial trades the 10 position risk was accounted for so I am staying in this trade until I reach my limit.

See you on the other side...

Regards
  • #207
  • Aug 2, 2013 2:26pm Aug 2, 2013 2:26pm
During strong trend like this one I take profit every 25 pips and reenter if the possibilty presents itself.
  • #208
  • Aug 2, 2013 9:07pm Aug 2, 2013 9:07pm
I think I've got it...Gonna backtest. (might take a while, drinking..)
  • #209
  • Aug 3, 2013 1:20am Aug 3, 2013 1:20am
Awesome! looking forward too your results
  • #210
  • Edited 2:42am Aug 3, 2013 2:27am | Edited 2:42am
Quoting aandaleb
{quote} No, I didnt post a screenshot but I probably should have, here it is. Drinking the right drink at night when its nice and quiet allows me to see things I would never have seen. It helps alot cheers {image}
Not sure what is the right drink, but to me its obviously not helping.
Something is definitely not right when a TDI Long signal appears in the middle of >350 pip downtrend and yet no TDI/Stoch Short cross occurs.
I can understand the motivation to try to exit at a profit or breakeven, but putting up with the sustained pain serves no purpose.
Paying more attention to the trend and exiting earlier in such sustained moves might be a better option.
Attached Image (click to enlarge)
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  • #211
  • Aug 3, 2013 3:30am Aug 3, 2013 3:30am
Quoting bryn077
{quote} ........those big extended range candles to the left of your buy. Which happens A LOT....... Bryan
Actually this may be the key. Those candles probably distort the TDI causing a signal which should have been ignored.
Will need to study some more charts to confirm that.
  • #212
  • Aug 3, 2013 4:36am Aug 3, 2013 4:36am
do you know who invented TDI.
$$ Buy @ Lod & Sell @ Hod $$
  • #213
  • Aug 3, 2013 5:00am Aug 3, 2013 5:00am
Quoting djmoloy71
do you know who invented TDI.
Welles Wilder developed the RSI, a price momentum indicator ....
so who made use of the RSI and made smooth looking version and call that Traders Dynamic Index?
  • #214
  • Aug 3, 2013 5:07am Aug 3, 2013 5:07am
Quoting djmoloy71
do you know who invented TDI.
http://www.forexfactory.com/showthre...62#post4571962
  • #215
  • Aug 3, 2013 9:08am Aug 3, 2013 9:08am
Quoting vtayha
{quote} Welles Wilder developed the RSI, a price momentum indicator .... so who made use of the RSI and made smooth looking version and call that Traders Dynamic Index?
The TDI Indicator actually evolved from the TRSI Indicator developed by Neal Hughes and Joe Dinapoli back in the 90īs and was incorporated into a similar trading method promoted by them, later, Dean Malone took the concept and developed it into the TDI. It has been around for a long time in one form or another.
Cut your Losers short and let your Winners run.
  • #216
  • Aug 3, 2013 10:19am Aug 3, 2013 10:19am
Quoting EaglePip
{quote} Actually this may be the key. Those candles probably distort the TDI causing a signal which should have been ignored. Will need to study some more charts to confirm that.

EaglePip and Aandaleb...Yeah, those big bars were feckin monsters, definitely going to tumble price down for a bit, if it did not snap right back up. Which I believe Aandaleb was looking for ( I was, too )...And, skew any oscillator in the process, for a while anyway.

Though, I don't want to divert the thread here and the strategy. But I just wanted to post a follow up chart as well. Was looking at some of your buy levels Aandaleb...and here is thing, from the supply/demand point of view...you placed several buy orders where BIG traders are selling with sell limits, right at supply levels. I know you have a trade plan worked out here...so I am just commenting on, how I look at charts. (see attached)

Also, one good thing is the divergence on your TDI/Stocks and price...If price does not keep tumbling down, it may very well range sideways for a bit. I will watch for several false breaks to the South trapping traders short and then a possible rip to the up-side...Though I am convinced it will only be a retrace relative to the larger fundamental trend...particularly while the Aussie economic outlook is not so great and there is talk of a rate reduction...If have my news is correct? Plus with China only treading water at the moment.

All the best,
Bryan
Attached Image (click to enlarge)
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  • #217
  • Aug 3, 2013 10:31am Aug 3, 2013 10:31am
tdi was invented by a steve mauro student called zain.
$$ Buy @ Lod & Sell @ Hod $$
  • #218
  • Aug 3, 2013 10:48am Aug 3, 2013 10:48am
New York session trades from Friday
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  • #219
  • Aug 3, 2013 10:54am Aug 3, 2013 10:54am
Pre London Open trades
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  • #220
  • Aug 3, 2013 5:52pm Aug 3, 2013 5:52pm
Quoting bryn077
{quote} ........ Also, one good thing is the divergence on your TDI/Stocks and price...If price does not keep tumbling down, it may very well range sideways for a bit. I will watch for several false breaks to the South trapping traders short and then a possible rip to the up-side...Though I am convinced it will only be a retrace relative to the larger fundamental trend...particularly while the Aussie economic outlook is not so great and there is talk of a rate reduction...If have my news is correct? Plus with China only treading water at...
It also helps to be aware of the big picture.
Here is AU monthly chart. Clearly shows the duration of the moves on the pair.

Attached Image (click to enlarge)
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