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Trading Made Simple

  • #30,741
  • Feb 12, 2014 12:22pm Feb 12, 2014 12:22pm
Quoting emmanuel7788
{quote} Hi, You can replicate the TDI using any platform provided RSI indicator. Here is how to do it. How to replicate the TDI using the standard RSI indicator. The Traders Dynamic Index aka TDI is actually 3 moving averages of the RSi data. The default parameters are: the TDI Price Line PL green line is a SMA(2) of the RSI(period 13, Close Price). Then the TDI Trade Signal Line red line is a SMA(7) of the PL green line. The TDI Market Base Line MBL yellow line is a SMA 34 period of the PL green line. You can replicate these using the platform’...
Thanks a lot Brother! The information was quite helpful.
POSSIBILITIES ARE INFINITE, YOU CAN ACCOMPLISH ANYTHING!
  • #30,742
  • Feb 12, 2014 1:43pm Feb 12, 2014 1:43pm
I've been away for a few days....took my lovely wife on a vacation cruise. No internet, no phone service, no trading. A very nice get away. I did download some reading material on forex trading and back tested some ideas on my charts while relaxing. I have been looking at channel trading and seeing if some of that can be implemented into my TMS trading plan. The objective is to determine if there is a way to set profit targets that will be hit on a regular basis. I am still back testing but am discovering some interesting options. I've attached two charts, both with the same trades. One is the H4 chart showing all three trades reaching the target at the heart-line of the channel. The other chart is the H1 chart showing my entries as price progressed. Overall, a gain of 349 pips in a 26 hour period on this one pair. Entries were made per TMS rules. Now there is some divergence showing on the H1 chart. With some price action, we might get a break back up to the top channel line for a countertrend trade. Divergence is always tricky....will have to wait for a good TMS H1 entry.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014.2.12 ea h4.png Size: 51 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2014.2.12 ea h1.png Size: 61 KB
  • #30,743
  • Feb 12, 2014 2:15pm Feb 12, 2014 2:15pm
Entered short On Crude oil
Second Candle
TDI crossing down red line, MBL and 68 level
Divergence
Against the trend but took this because there is two bar reversal pattern on candlesticks
i hope it will go well.
Attached Image (click to enlarge)
Click to Enlarge Name: apb.PNG Size: 34 KB

Attached Image (click to enlarge)
Click to Enlarge Name: japnese.PNG Size: 35 KB
I am not random, U just can't think as fast as me....
  • #30,744
  • Feb 12, 2014 2:20pm Feb 12, 2014 2:20pm
I am facing a problem in mt4 with TDI, Whenever i remove those volatility lines from the indicator they come back on restart of mt4. Is there any work around for this?
Emmanuel?
I am not random, U just can't think as fast as me....
  • #30,745
  • Feb 12, 2014 2:31pm Feb 12, 2014 2:31pm
Quoting Phx62
I've been away for a few days....took my lovely wife on a vacation cruise. No internet, no phone service, no trading. A very nice get away. I did download some reading material on forex trading and back tested some ideas on my charts while relaxing. I have been looking at channel trading and seeing if some of that can be implemented into my TMS trading plan. The objective is to determine if there is a way to set profit targets that will be hit on a regular basis. I am still back testing but am discovering some interesting options. I've attached...
Hi Phx62 , great to see you back all refreshed and raring to go! Can i ask what made you look into channel trading, i only ask because as we know we always have to be looking and learning but it seemed to me that you already hit a level of trading that most people dream of. I`m not grumbling though as i love learning from you so i will eagerly check your posts. Am i right in thinking that incorporating your plan into TMS you can spot when you can let the trade run longer?
Thanks,
Shane.
  • #30,746
  • Feb 12, 2014 4:33pm Feb 12, 2014 4:33pm
Quoting emmanuel7788
EU week 07 12 Feb update: Yesterday' D candle will close with a strong pull back. This is not good for my trades which are now protected below the low 10 Feb. Seeing a floating of 70pips disappearing can cause some emotional reaction. Need to focus in trade management discipline. {image}
The D pullback candle wasn't nice and my EU trades got stopped out at the below Monday' low. Total 342 pips with mtuliple positions.

Attached Image (click to enlarge)
Click to Enlarge Name: EU week 07 trades closed.png Size: 31 KB


My GU trades were closed before NYO. Total 440pips with multiple positions.

Attached Image (click to enlarge)
Click to Enlarge Name: GU week 07 trades closed.png Size: 37 KB


Overall, these trades yield 13% ROE in 5 trading days from 6 Feb to 12 Feb. This completes one cycle which 10% profit cycle per 20 trading days.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,747
  • Feb 12, 2014 4:38pm Feb 12, 2014 4:38pm
Quoting thinkpad123
I am facing a problem in mt4 with TDI, Whenever i remove those volatility lines from the indicator they come back on restart of mt4. Is there any work around for this? Emmanuel?

thinkpad123:

That is not a problem with the blue VB lines just a matter how that TDi version you use is coded.
The VB are there for good reasons so learn to trade using them. They alert you when price goes outside the VB lines, and you can spot high probability reversals using them with divergence.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,748
  • Feb 12, 2014 4:40pm Feb 12, 2014 4:40pm
Hi friends EJ 13-02

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-h1-fxdirectdealer-2.png Size: 45 KB


Market profile 1 HR

Attached Image (click to enlarge)
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we have ABC = D ?

Trade well
  • #30,749
  • Feb 12, 2014 4:43pm Feb 12, 2014 4:43pm
Quoting Phx62
I've been away for a few days....took my lovely wife on a vacation cruise. No internet, no phone service, no trading. A very nice get away. I did download some reading material on forex trading and back tested some ideas on my charts while relaxing. I have been looking at channel trading and seeing if some of that can be implemented into my TMS trading plan. The objective is to determine if there is a way to set profit targets that will be hit on a regular basis. I am still back testing but am discovering some interesting options. I've attached...

Hi Phx62,

Good to see you back from vacation.

Channels are good for wave determination and great for price projections. I use that a lot for 4H swing trading. The MBL is a good reference to see the price movements and we can draw our channels following the MBL.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,750
  • Feb 12, 2014 5:02pm Feb 12, 2014 5:02pm
Quoting omonisha
Is it pulling back? {image}

that is a 3-bar bullish reversal and that H1 TDI is good, but that is countrendtrend.

you can see that 3 bars - HH HL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,751
  • Feb 12, 2014 5:09pm Feb 12, 2014 5:09pm
Quoting heispark
From build 600, when you make a subfolder under MQL4\Indicators folder, any ex4 or mq4 files in this subfolder are called during MT4 startup. You can see them from Insert/Indicators/Custom menu. However, you cannot insert them into your chart. What a non-sense, what a crap!! Try it yourself.

limited display buffer can help save on dynamic memory use....probably more efficient use of precious memory and speed things up a little.
you don't need more than 100 customs indicators in your platform for TMS ... just the TDI and APB... to keep it simple.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,752
  • Feb 12, 2014 5:17pm Feb 12, 2014 5:17pm
Hi emmanuel

how do you see EU

is changing his way to bearish for today


and what about Ej ??? is same way to 138.50
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-d1-fxdirectdealer.png Size: 36 KB
  • #30,753
  • Feb 12, 2014 5:49pm Feb 12, 2014 5:49pm
Quoting Amirsaid
Hi emmanuel how do you see EU is changing his way to bearish for today and what about Ej ??? is same way to 138.50 {image}

EU 1.3620 is the level which played often in history and again this week. The 3 bar D chart need some attention which signal seller interest.
This may confirm later with a D TDI cross downa and channel trade... of ca190pips
Will try a sell entry in LTF with small SL and build from there.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,754
  • Feb 12, 2014 6:02pm Feb 12, 2014 6:02pm
Quoting alex8585
Dear Emmanuel , Thank you for all your previous responses to my questions. I have two more questions about SL and TP that i should use for daily charts , in what proportion the risk factor should be not identically but more realistic number. Should the SL TP only be considered to support /resistance levels according to this strategy or i have to consider some other facts . The last question may be a little be stupid but what is the meaning of the abbreviation APB. I really appreciate all your efforts for providing all this info. I wish you many...
Hi Alex,

Here we talk about trading the D chart.

To trade the D-chart, I look at the daily and weekly traded range of the currency pair. Different pairs have different traded range and we need to plan our target within expectations using the average traded ranges. Of course you need to know about support and resistance along with the traded range. These will help you determine where you can place your Exits at strategic price levels and plan the projected price move where you need to manage to get to the Exit for target profit.

For example EU 100-weeks average range is 225pips, EA is 280pips and EG is 115pips.
To plan your initial SL and TP, you need to know the average traded range. Some traders trade with Risk Reward 1:1 but I don't think that is a good idea when trading the D chart because you need to achieve and maintain a consistent high win rate to be profitable long term.
D chart trade setups are fewer hence we need more planning effort to look for high probability trade setups and also we have to look at more currency pairs because we need certain number of trades per year to meet our financial objectives..

Where to place your initial SL?
As technical traders we tend to use the most recent swing high/swing levels to place our iSL. But that depends on the chart situation if we trade a reversal, that is quite sound method. But when we are entering in a continuation situation, the most recent swing high/swing low may be too far away. So we need to look back and se where the most recent price highs and lows are. I use a 2 days look back, i.e. on the day of my entry, I will place my iSL on the previous 2 days high or low. Once I have done that, I do Position Sizing: I calculate my trade position size using that iSL. My risk per trade is between 1 to 2 % and never more.

My money management strategy is to using multiple lots or multiple entries with this percentage risk model.
With the iSL known, this will be my risk R for that trade. I manage my Exits using this same R- Multiple method. The final result of the trade will be measured in terms of profit in number of Rs.
After a certain number of trades (recommended is 100 trades minimum) then I look at the average Rs of that 100 completed trades. This must be positive number. Read up on Expectancy.

There are no stupid questions, neither are there right or wrong questions. Every question is legit and deserves an answer.
I see your APB has been answered by member MrAussieFx.
The APB is another version of the Heiken Ashi candle. You can learn more about this APB click here.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,755
  • Feb 12, 2014 6:06pm Feb 12, 2014 6:06pm
Quoting MrAussieFX
Dear EM7788, Could you please take a look at post #30737 and see if I changed the candles right, Is this what you asked me to change. Thanks

Hi,

When trading with TMS, stay with using the original template with the APB.
You can open another chart using another window to show the Japanese candlestick chart.
Good for looking at candlestick patterns and price action trading.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,756
  • Feb 12, 2014 6:15pm Feb 12, 2014 6:15pm
GU D-chart channel example:

Attached Image (click to enlarge)
Click to Enlarge Name: GU week 07 D channel.png Size: 58 KB


Do you see the next trade opportunity?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,757
  • Feb 12, 2014 6:21pm Feb 12, 2014 6:21pm
Quoting emmanuel7788
{quote} EU 1.3620 is the level which played often in history and again this week. The 3 bar D chart need some attention which signal seller interest. This may confirm later with a D TDI cross downa and channel trade... of ca190pips Will try a sell entry in LTF with small SL and build from there.
Thanks
And EJ on Daily chart candel is closed bearish
we sell today ?
  • #30,758
  • Feb 12, 2014 6:24pm Feb 12, 2014 6:24pm
Quoting Amirsaid
{quote} Thanks And EJ on Daily chart candel is closed bearish we sell today ?

today I can do both ... sell and buy ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,759
  • Feb 12, 2014 6:30pm Feb 12, 2014 6:30pm
Quoting Phx62
................Divergence is always tricky....will have to wait for a good TMS H1 entry.
Good Advice! Regarding divergence, I like Joe Dinapoli's note in his book: "Don't use an Oscillator to price divergence as an entry technique, unless you have an excellent means of filtering it. Even for the best of Oscillators this can, and often does, spell disaster, particularly for the new participant. Price and Oscillator divergences abound, and the market continues to stop out the divergence players. Looking back in time, you're sure to find divergences that work, but when you're going forward in time, as in real trading, the accuracy of this technique just isn't there."
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #30,760
  • Feb 12, 2014 6:37pm Feb 12, 2014 6:37pm
Quoting emmanuel7788
{quote} limited display buffer can help save on dynamic memory use....probably more efficient use of precious memory and speed things up a little. you don't need more than 100 customs indicators in your platform for TMS ... just the TDI and APB... to keep it simple.
Yes, you're right. Now I am no more an indicator 'collector'. I keep only a few necessary indicators and moved the others into a backup folder.
Simplicity is the ultimate sophistication - Leonardo da Vinci
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