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Trading Made Simple

  • #27,361
  • Nov 8, 2013 10:57am Nov 8, 2013 10:57am
Quoting mlfund
Does anyone uses IG markets charting platform - ProRealTime ? Been trying to program the full TDI into ProRealTime without success. Can anyone pl advise? Thank you.
I can't help you but I do know that the TDI is made up of Boll. Bands, RSI, etc. Somewhere in this forum, but not necessarily in this thread, the individual settings are listed. I know that this isn't much help but maybe you can search for it.
  • #27,362
  • Nov 8, 2013 1:21pm Nov 8, 2013 1:21pm
Quoting mlfund
Does anyone uses IG markets charting platform - ProRealTime ? Been trying to program the full TDI into ProRealTime without success. Can anyone pl advise? Thank you.
Hi mlfund, I use IG and their ProRealTime charts and have put the TDI on my charts, not perfect but maybe good enough. I'll post the same EJ H1 chart from IG and Metatrader so you can compare, see attachments below.
Attached Image(s) (click to enlarge)
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  • #27,363
  • Nov 8, 2013 1:22pm Nov 8, 2013 1:22pm
Took 3 trades this week..
2 winners and the below looser.

This is how tough trading can be sometimes

Took it off 1h TDI cross


Attached Image (click to enlarge)
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  • #27,364
  • Nov 8, 2013 2:10pm Nov 8, 2013 2:10pm
I took one H1 trade on ej today. Closed it for 34 pips, as it was getting late in the US session.
TDI crossed , re -crossed, and bounced off MBL line with red nicely sloping up
while PA made HH and HL.
Have a nice weekend everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2013-11-08_14-46-57ejH1.png Size: 41 KB
If you're going through hell, keep going. Winston Churchill
  • #27,365
  • Nov 8, 2013 2:19pm Nov 8, 2013 2:19pm
Nice one imi, as Punch used to squeak to Judy, 'that's the way to do it.'
  • #27,366
  • Nov 8, 2013 2:24pm Nov 8, 2013 2:24pm
Thursday/Friday trades....
EJ H1.....London trade on Thursday based on double top and a TDI signal to enter short. I set my SL just above the double top in case news would push price up. News pushed price strongly down...moved my TP & SL during the trade. 2nd trade.....taken short on a break below consolidation. Again moved SL & TP as the trade progressed. No good signal on EJ H1 on Friday...MBL above green and red @ LO. Did not enter on bounce @ NYO due to pending Non Farm payroll news.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.11.7 ej h1.png Size: 52 KB

GU H1.....nice ADR for the last two weeks so I decided to trade some GU.....LO on Thursday created double top....entered on cross of TDI at open of 2nd candle....price didn't move much for a couple of hours then moved down on GBP news. Friday....entered short trade after NFP news release moved down and then pulled back. Price action entry on a move down after the NFP candle was completed. Price continued down to TP. Many times price will pull back following big news releases and then continue in the direction that news moved it.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.11.8 gu h1.png Size: 57 KB
  • #27,367
  • Nov 8, 2013 2:35pm Nov 8, 2013 2:35pm
Quoting bigpips
Took 3 trades this week.. 2 winners and the below looser. This is how tough trading can be sometimes Took it off 1h TDI cross {image} {image}
bigpips.....your loser could have been a winner if you had given the trade some room to breathe. In my opinion, the SL was too close to your entry. The flow of the market often takes out SL's when they are too close. Price had created a consolidation area and the TDI gave a good short signal. Sometimes we just need to trust what you see........Regards
  • #27,368
  • Nov 8, 2013 2:52pm Nov 8, 2013 2:52pm
Dear emmanuel

Is TMSII going to be published? If yes, do you have a date in mind? Thought to ask here instead of PM. This way everyone's gonna benefit from the answer.
  • #27,369
  • Nov 8, 2013 5:01pm Nov 8, 2013 5:01pm
Quoting Imi
I took one H1 trade on ej today. Closed it for 34 pips, as it was getting late in the US session. TDI crossed , re -crossed, and bounced off MBL line with red nicely sloping up while PA made HH and HL. Have a nice weekend everyone! {image}
Nice trade mate.
Give yourself a chance and trade it like it's layed out...
  • #27,370
  • Nov 8, 2013 5:02pm Nov 8, 2013 5:02pm
Quoting Phx62
Thursday/Friday trades.... EJ H1.....London trade on Thursday based on double top and a TDI signal to enter short. I set my SL just above the double top in case news would push price up. News pushed price strongly down...moved my TP & SL during the trade. 2nd trade.....taken short on a break below consolidation. Again moved SL & TP as the trade progressed. No good signal on EJ H1 on Friday...MBL above green and red @ LO. Did not enter on bounce @ NYO due to pending Non Farm payroll news.{image} GU H1.....nice ADR for the last two weeks so I decided...
Thank you Phx62 for sharing your trades and knowledge.

Learnt a ton from you already
Give yourself a chance and trade it like it's layed out...
  • #27,371
  • Nov 8, 2013 5:45pm Nov 8, 2013 5:45pm
You are 100%! My thinking was to keep Stop just above high of the day. With news it was too tight!
Unfortunately it all happened 2.30am my time so was asleep.
Re-entry was on the cards even after stop was taken first time.

Thanks for showing your trades! It's great and I do take notes!

Have a great weekend all!
Summer starting in NZ!!


Quoting Phx62
{quote} bigpips.....your loser could have been a winner if you had given the trade some room to breathe. In my opinion, the SL was too close to your entry. The flow of the market often takes out SL's when they are too close. Price had created a consolidation area and the TDI gave a good short signal. Sometimes we just need to trust what you see........Regards
  • #27,372
  • Nov 8, 2013 6:17pm Nov 8, 2013 6:17pm
From PHx62 " Many times price will pull back following big news releases and then continue in the direction that news moved it."{image}[/quote]
Like the kids say nowdays: awesomeness! Thank you for sharing your knowledge and experience with us. About the news you mention here
reading this reminded me a trade I took about a week ago on eu , same thing happened , big news candle pulled back then continued where
the news moved it initially. Third trade on the image on Oct. 30 th.
Same thing happened today on eu right after NFP today, news candle pulled back then continued down, wish I traded that instead ej,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Greenshot_2013-10-31_07-21-38euH1.png Size: 42 KB
Click to Enlarge Name: Greenshot_2013-11-08_18-59-23euexample.png Size: 26 KB
If you're going through hell, keep going. Winston Churchill
  • #27,373
  • Nov 8, 2013 6:24pm Nov 8, 2013 6:24pm
Quoting bigpips
Took 3 trades this week.. 2 winners and the below looser. This is how tough trading can be sometimes Took it off 1h TDI cross {image} {image}
Something If I may add, I often mention re-cross of the TDI , it's not a TMS rule , but I am very fond of and give me extra confidence
in the trades I take. see image
Attached Image (click to enlarge)
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If you're going through hell, keep going. Winston Churchill
  • #27,374
  • Nov 8, 2013 6:30pm Nov 8, 2013 6:30pm
Quoting Imi
{quote} Something If I may add, I often mention re-cross of the TDI , it's not a TMS rule , but I am very fond of and give me extra confidence in the trades I take. see image {image}
Another example from PHx62's chart , I like to use.
Here you can see an upcross, then above MBL line TDI and PA started to consolidate failing to give another cross to the upside,
then crossed back down the yellow MBL line and then bounced giving confirmation on the down move.
This is just TDI observations, of course as always you trade PA along tdi for confirmation
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2013-11-08_18-47-28tdi.png Size: 97 KB
If you're going through hell, keep going. Winston Churchill
  • #27,375
  • Nov 8, 2013 6:49pm Nov 8, 2013 6:49pm
Where to place your trade initial Stop Loss?

Using the NZDUSD H1 trade posted by member bigpip, here is my example using recent price action on H1.

Know where the recent price action support and resistance on your H1 chart. When Support get re-tested and turned to Resistance, (vice-versa resistance turned support), they are usually reliable to use them .

Learn to identify CONSOLIDATION (post#261) on you H1 chart then trade the CONTINUATION. H4 Master Candle is one method to use to see price consolidation. Inside Bars is another CSP method.
There are other methods to identify consolidation. But learn the common and easy to see ones on your charts.

regards,
EMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: NU example on initial Stop Loss.png Size: 77 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #27,376
  • Nov 8, 2013 6:52pm Nov 8, 2013 6:52pm
Quoting Imi
{quote} Another example from PHx62's chart , I like to use. Here you can see an upcross, then above MBL line TDI and PA started to consolidate failing to give another cross to the upside, then crossed back down the yellow MBL line and then bounced giving confirmation on the down move. This is just TDI observations, of course as always you trade PA along tdi for confirmation {image}

very nice!

Know the 80-40 and 60-20 rule on the RSI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #27,377
  • Nov 9, 2013 1:51am Nov 9, 2013 1:51am
Emmanual, PH62 and Imi..
Thanks for replies!
Lessons learned, notes taken.

Note to self and others here.. Post your charts! The tips and ideas you get here are 'gold'!
  • #27,378
  • Nov 9, 2013 3:44am Nov 9, 2013 3:44am
Quoting Tanglewood
{quote} Hi mlfund, I use IG and their ProRealTime charts and have put the TDI on my charts, not perfect but maybe good enough. I'll post the same EJ H1 chart from IG and Metatrader so you can compare, see attachments below. {image} {image}


Thanks Tanglewood. Agreed both charts TDI are close enough.
Do you mind sharing the programming codes?
  • #27,379
  • Nov 9, 2013 7:59am Nov 9, 2013 7:59am
After struggling to be profitable with EU on short timeframes (5m) I've turned to medium timeframes and TMS 4H in particular. I have been using TMS for a couple of months on a demo account. Here's a GBPUSD trade taken late Friday - I have had some demo success with this approach:
1. Weekly pivots provide good TP targets, particularly with a R:R of 2:1 or 3:1
2. I've customised an indicator which provides distance from a MA on multiple TF (Search for Ibuk's Bread'nButter Dashboard). Here it provides the 5 MA on H4 and the next two TF (D1,W1).
3. I tend to focus on a set of 12 EURxxx and GBPxxx as they provide good volatility

I'd be particularly interested in answers from experienced TMS traders to the following questions:
a). For any previous scalpers - has moving from M5 to H4 worked for you or is it simply different?
b). What sensible monthly target account growth should I set as a target for myself (some experience but not consistent) - 1%, 5%, 10%, 20% etc.?
Attached Image (click to enlarge)
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  • #27,380
  • Nov 9, 2013 12:40pm Nov 9, 2013 12:40pm
Quoting mlfund
{quote} Thanks Tanglewood. Agreed both charts TDI are close enough. Do you mind sharing the programming codes?
Of course mlfund, no problem, happy to help. It's fairly straightforward and easy to do. First though I have a suggestion. What I do, and what I know some other traders do is to open an account with another broker (just a demo account if you don't want to send them any money) then download Metatrader from them then you'll have the 'real' TDI on your charts. I now seem to do most of my chart watching and analysis on metatrader with IG charts open but minimised so if I want to place a trade I can do it through the metatrader broker account or just click on IG and place the trade there if I choose, it's just as quick either way. In fact now I think about it I believe IG now have Metatrader charts but you have to open a separate metatrader account with them to get it.

OK, TDI on IG charts. Open a chart and click to place the RSI indicator on it. This opens up an RSI settings box. First change the default period from 14 to 13. Make the RSI line width a bit thicker, the next thickness up will do. Change the colour of the line to green. On the left-most setting box click on Horizontal Line (30) 1 and change the value from 30 to 32. Do the same with horizontal Line (70) 2 and change it from 70 to 68. At the top of that box you'll a small box that says 'Add' with an arrow. click on the arrow and list of indicators come up that you can add to the indicator window. Click on Horizontal line and make the value 50. Next from the 'add arrow' choose 'moving average. Make the period 7 and make the line a bit thicker again. Change the colour to red, and the type of moving average is 'Simple'.

Next from the indicator box add 'Bollinger bands'. Once Bollingers are added to the RSI window the left-hand indicator box will list 'Bollinger top line, Bollinger middle line etc. Click on Bollinger middle line which then allows you to change settings. Make the middle line a bit thicker again and change the colour. The usual yellow on metatrader for the middle or MBL line doesn't show up well on IG's default white background so I made mine a muddy yellow/green, but any colour will do. Keep the top and bottom Bollinger band lines the default thickness but change the colour to blue. Finally change the default period of 20 to 34 as used by Dean Malone who devised the TDI. He has videos and written material/pdf to read about the TDI over at Compassfx. If the TDI is too narrow or you just want it bigger/clearer just make the indicator window a bit larger. Now you have the TDI on your chart it needs to be saved. Open the small box that allows you to exit the charts and click on the 'Template' tab. Choose 'save or delete' and save as TDI or whatever.

I think that's about it. If you have any queries or problems just get back to me. I'm usually around to answer pretty quickly. If you make any improvements to it then please let me know. Hope it helps and good trading.
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