Disliked{quote} Here are the first charts eelfranz posted. Did the rules changed? http://www.forexfactory.com/attachme...6&d=1303770507 {image}Ignored
No, the rules has not changed.
The core of this techncial trading method is the TDI which is based on the RSI. We trade the momentum of the price move. Therefore those TDI entry rules will not change, not now and not in the future.
When the TDI Green Price Line PL crosses the Red Trade Signal Line TSL, that indicates the change(increase) in the price momentum.
The same when both the PL and TSl crosses below or above the Yellow Market Base Line MBL, the MBL represent the longer term momentum (using a 34 period moving average of the RSI period 13).
What we need to learn it to look at the Price Action and look for market consolidation. Look for reversals and continuation type of price action when the market consolidates.
Post #261 is important as it summarises the 463 post by our late OP eelfranz aka Big E. Some of us know him as Eric.
regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett