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Trading Made Simple

  • #26,561
  • Oct 18, 2013 4:15am Oct 18, 2013 4:15am
Quoting fxFox.mb
Hello Snarlyjack & other tdi-pro's here, I've allready read about the first 3.000s posts, so not all at least, even not many of the latest ones. So I apologize if this question was answered in the past. I try to follow this system on H4 since 2 weeks actively on a demo-account and now I'm struggling a little while trading the system in realtime. Why? As others I was looking on the past chart to learn and identify the entry and exit opportunities. But they do not show the same picture that I have in the realtime trading. On the change to a new candle...
fxFox.mb

Your observations on the TDI is correct. I made several posts on this TDI behaviour not exactly re-painting but the TDI calculates the PL, TSl and MBL using the RSi close price. So any valid signal is only good after a candle closed.
All the charts posted here in this thread are history charts and the TDI had been refreshed when the traders post their charts and the realtime TDI may be different from the one posted with refreshed TDI data.

If you are interested to study more into the TDI I recommend you look up the work by John Hayden who did good study into the RSI trading systems. He authored several books:
1) RSi: the Complete Guide
2) The 21 Irrefutable Truths about trading.

Here in TMS, we use the TDI for confirming the Price Action. But there is another unqiue feature 'secret' of the TDI which we must exploit, i.e. the trend of the relative strength index aka RSI of the price. When both the Price trend and the TDI trend are in synergy, this is when most of the breakouts trades run. The TDI is made up of 3 moving averages of the RSI(13) - a 2 Simple MA of the RSI(13, close), a 7 SMA and a 34 SMA of the same RSI(13, close). Think of this!

Based on the market type, we can fine tuned the TDI with a RSi (period 8, typical) and this will give us a more responsive TDI according to the most recent volatility of the price.

regards,
EMMANUEL








A
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #26,562
  • Oct 18, 2013 4:17am Oct 18, 2013 4:17am
Quoting gsbharaj
opened long aud/usd {image}
Not sure if you noticed but I see Regular Bearish Divergence I think on 1H chart AUSUSD.
  • #26,563
  • Oct 18, 2013 4:20am Oct 18, 2013 4:20am
Here a couple of TOK_5H breakout trades this week using price trend and TDI trend in synergy.

Attached Image (click to enlarge)
Click to Enlarge Name: EU week 42 H1 TOK5H BO.png Size: 41 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GU week 42 H1 TOK5H BO.png Size: 43 KB


These are how I trade H1 intraday using TMS.
When there is no TOK_5H setups to trade, then the Phx62 H1 method some in play.
This way, you get 5 good trades every week and when you play the risk model using 2% Risk per trade, you can easily get 10R per week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #26,564
  • Oct 18, 2013 4:25am Oct 18, 2013 4:25am
Quoting emmanuel7788
Here a couple of TOK_5H breakout trades this week using price trend and TDI trend in synergy. {image} {image} These are how I trade H1 intraday using TMS. When there is no TOK_5H setups to trade, then the Phx62 H1 method some in play. This way, you get 5 good trades every week and when you play the risk model using 2% Risk per trade, you can easily get 10R per week.
Thanks for sharing.
what is the ema in Brown do you use ?
Trade Safe !
  • #26,565
  • Oct 18, 2013 4:27am Oct 18, 2013 4:27am
Here is today AU TOK_5H breakout running now.

Attached Image (click to enlarge)
Click to Enlarge Name: AU week 42 H1 TOK5H 18 Oct.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #26,566
  • Oct 18, 2013 4:34am Oct 18, 2013 4:34am
Is this a valid theory!!!!

or is A actually the end of the BC move and BCD are actually CD on a bigger move?

What are peoples thoughts on EJ?

http://charts.mql5.com/2/797/eurjpy-...trader-ltd.png
  • #26,567
  • Oct 18, 2013 4:45am Oct 18, 2013 4:45am
Quoting emmanuel7788
Here is today AU TOK_5H breakout running now. {image}
Hey emmanuel,

I see that you have some lines where you have the SL and R and 2R.

Is that an indicator ? Would you be able to share it

Thanks a bunch
  • #26,568
  • Oct 18, 2013 4:50am Oct 18, 2013 4:50am
Hum... USD pairs started party an hour early today.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #26,569
  • Oct 18, 2013 5:00am Oct 18, 2013 5:00am
Quoting adamjhdavis
Is this a valid theory!!!! or is A actually the end of the BC move and BCD are actually CD on a bigger move? What are peoples thoughts on EJ? {image}
This is my shorter term view on EJ. Currently short from 133.94.
Attached Image (click to enlarge)
Click to Enlarge Name: ej_20131810_h1.png Size: 70 KB
Follow, don't anticipate.
  • #26,570
  • Oct 18, 2013 5:01am Oct 18, 2013 5:01am
Currency Heat Map from actionforex.com

Anyone find it useful? or another rubbish?

Attached Image (click to enlarge)
Click to Enlarge Name: Snap 2013-10-18 at 18.59.08.png Size: 6 KB


I am short EA from 1.4184 by the way... Hope it works.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #26,571
  • Oct 18, 2013 5:48am Oct 18, 2013 5:48am
Adam re EJ. Two scenarios as is often the case. On the daily, EJ is still positive and could be trying for the 134.95 peak reached in September or if it turns out to be a failure peak then I'd be looking to short.
  • #26,572
  • Oct 18, 2013 6:21am Oct 18, 2013 6:21am
My EA trade so far....

http://charts.mql5.com/2/798/euraud-...trader-ltd.png

This is my entry: -

http://charts.mql5.com/2/798/euraud-...trader-ltd.png

Maybe should have exited at 1.4155 area.

Any thought welcome.
  • #26,573
  • Oct 18, 2013 6:44am Oct 18, 2013 6:44am
Quoting heispark
Currency Heat Map from actionforex.com Anyone find it useful? or another rubbish? {image} I am short EA from 1.4184 by the way... Hope it works.
Hi buddy,

the objective of the heat map is to provide a graphical presentation on the relative strengths of major currencies relative to others. Why is this important? We dont want to buy 2 strong / or 2 weak currencies because there is high probability of ranging market.

I use cluster indi counted from all major currency pairs combinations rather then currency heat map. According this you should be able to find out good par to trade ( and stay away from ranging market )

Link to indi: http://codebase.mql4.com/5862
  • #26,574
  • Oct 18, 2013 6:51am Oct 18, 2013 6:51am
Anybody share this view of the longer term picture of the EURAUD?
I've not been trading it long so input would be welcomed.
http://charts.mql5.com/2/798/euraud-...trader-ltd.png
  • #26,575
  • Oct 18, 2013 8:15am Oct 18, 2013 8:15am
Quoting yurij
{quote} Hi buddy, the objective of the heat map is to provide a graphical presentation on the relative strengths of major currencies relative to others. Why is this important? We dont want to buy 2 strong / or 2 weak currencies because there is high probability of ranging market. I use cluster indi counted from all major currency pairs combinations rather then currency heat map. According this you should be able to find out good par to trade ( and stay away from ranging market ) Link to indi: http://codebase.mql4.com/5862
Thanks Yurij. I know several other relative strength indicators but i haven't seen them quite useful till now. Currency strength is dynamic and it can chage quickly after i open a position. Anyway it's worth noting...

Happy green pips!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #26,576
  • Oct 18, 2013 8:32am Oct 18, 2013 8:32am
Good morning N/Y open,

It's friday, I fell asleep last night and just got up.

Here is my trade from last night the usd/jpy.
I didn't want to ride down through the guppy's on the other pairs
so I picked the usd/jpy pair and went to bed. I made money so
I'am happy. Worked like a charm...

Welcome Emmanuel, thanks for visiting and your help! All is good at TMS...
sj
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpymdaily.png Size: 81 KB
Click to Enlarge Name: usdjpymh4.png Size: 80 KB
Click to Enlarge Name: usdjpymh1.png Size: 80 KB
  • #26,577
  • Oct 18, 2013 9:09am Oct 18, 2013 9:09am
audjpy thanks phx62
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy xman.jpg Size: 160 KB
  • #26,578
  • Oct 18, 2013 10:24am Oct 18, 2013 10:24am
Quoting gsbharaj
opened long aud/usd {image}
opened two trades and gained around 30 pips on one. i am still keeping my one trade open and moved that to break even...according to me if we think fundamentally then aud needs to get strong against the usd.
Come tomorrow, I'll wake up new
  • #26,579
  • Oct 18, 2013 10:28am Oct 18, 2013 10:28am
AUD/USD Uptrend

Fundamental : tapering ease off, resulting in Asian and emerging markets upbeat
Fundamental : USD dollar seems as not safe currency, favours towards AUD
Fundamental : Seasonal behavior of end of Oct to be high
Fundamental : China market still growing, US market weak, Pro- Asian as emerging market
Fundamental : USD will try to keep low dollar value to attract more import/export trades
Fundamental : AUD as a stable economy rich in commodities
Technical : Correction upward cycle from 1.06 drop (jun 2013)

AUD/USD Downtrend:

Fundamental : BIG banks want to play out retail traders
Technical : USD rebounce from 8 month low
Technical : AUD/usd reached weekly pivot and near to monthly pivot
Come tomorrow, I'll wake up new
  • #26,580
  • Oct 18, 2013 10:37am Oct 18, 2013 10:37am
Quoting gsbharaj
i think its time now that aud sinks like a titanic...its the calmness before a major storm
You wrote this and within 24hours changed you opinion and opened two longs?
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