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Trading Made Simple

  • #33,301
  • Mar 20, 2014 10:31pm Mar 20, 2014 10:31pm
Quoting ~JustDoiT~.~
Hi, Anyone know how the mathematic calculation for the TDi? Thanks ^^

~JustDoiT~:

Yes, I do know the ....

TDI is based on the data of the Relative Strength Index of the instruments price.

for RSI you can read here: http://forex-indicators.net/rsi

the TDI Green is the Price Line PL
the TDI Red is the Trade Signal Line TSL
the TDI Yellow is the Market Base Line TSL

the TDI default parameters are:
PL is a 2-moving average of the RSI data period 13, set to use the Close price.
TSL is a 7-moving average of the same RSI data
MBL is a 34-moving average of the same RSI data

do you know which moving average type to use? EMA,SMA,MMA,TMA,....

since you are studying the TDI, you can learn a lot more when you google "Fozzy RSI" which some trading systems were build upon.

Hope this help in your study.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,302
  • Mar 20, 2014 10:35pm Mar 20, 2014 10:35pm
EURAUD H4 trade update:

Exit Rules can be broken. When can you start to break rules?

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD week 12 H4 20 Mar trade.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,303
  • Mar 20, 2014 10:37pm Mar 20, 2014 10:37pm
Quoting L0pg
{quote} This should get you pointed in the right direction, it is based on the RSI. {image}

L0pg:

Thank you for the pdf.
Good contribution, add value here.


regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,304
  • Mar 20, 2014 10:58pm Mar 20, 2014 10:58pm
Hi All,

Potential Short trade on UJ next bar 4hr candle for those who like to get in at the start of the candle.

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyh4.png Size: 57 KB


The AU trade is still in the green. Lets hope it sky rockets this period:

Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 69 KB
MAY THE PIPS BE WITH YOU!
  • #33,305
  • Mar 20, 2014 11:18pm Mar 20, 2014 11:18pm
Quoting emmanuel7788
{quote} ~JustDoiT~: Yes, I do know the .... TDI is based on the data of the Relative Strength Index of the instruments price. for RSI you can read here: http://forex-indicators.net/rsi the TDI Green is the Price Line PL the TDI Red is the Trade Signal Line TSL the TDI Yellow is the Market Base Line TSL the TDI default parameters are: PL is a 2-moving average of the RSI data period 13, set to use the Close price. TSL is a 7-moving average of the same RSI data MBL is a 34-moving average of the same RSI data do you know which moving average...

Thank bro. ^^
  • #33,306
  • Mar 20, 2014 11:19pm Mar 20, 2014 11:19pm
USDCHF short finally starting to pick up some momentum.. I jumped in early , hopefully the risk pays off.
Attached Image (click to enlarge)
Click to Enlarge Name: 3-20-14 UJ short1.jpg Size: 122 KB
  • #33,307
  • Mar 20, 2014 11:26pm Mar 20, 2014 11:26pm
Quoting SledHead
USDCHF short finally starting to pick up some momentum.. I jumped in early , hopefully the risk pays off. {image}

Lets hope the both of ours pay off big time before we get up for the next 4hr candle.

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyh4.png Size: 54 KB
MAY THE PIPS BE WITH YOU!
  • #33,308
  • Mar 20, 2014 11:41pm Mar 20, 2014 11:41pm
Quoting emmanuel7788
EURAUD H4 trade update: Exit Rules can be broken. When can you start to break rules? {image}
close as a doji so it just means indecision?
also it still makes new lo?

my chart gmt+2 did the beginning of reversal pattern before it goes back downward.
shame i wasn't in this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: euraudh4.png Size: 83 KB
Daniel
  • #33,309
  • Mar 21, 2014 12:51am Mar 21, 2014 12:51am
Quoting Greenb
{quote} close as a doji so it just means indecision? also it still makes new lo? my chart gmt+2 did the beginning of reversal pattern before it goes back downward. shame i wasn't in this trade. {image}
Hi Greenb,

Trading the 4H is simple but not easy as we all use different brokers with different H4 candles with different OHLC. The TDI default is based on the candle close price and this matters. Experienced trades will know how to 'compensate' for the differences.

I made some comments on your posted chart to explain what I see as a high probability trade setup. Some people are too focus looking for that TMS setup candle and do not look at the bigger picture which show the price action and overall market trend.
Attached Image (click to enlarge)
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As to my question on why I did not exit when the TDI goes flat. Answer is I do not follow the TMS Exit rule when the PA show the strength of the trend and the APB is used to make exit decision. Notice the upper flat end of the APB candles when the real price looks like doji. Also that time is after London close and is quite normal to see such candles.
My 4H swing trades usually last 2 to 4 days run and I learn to handle such market condition and stay in the trade.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD different server diff TDI condition.png Size: 81 KB


regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,310
  • Mar 21, 2014 12:53am Mar 21, 2014 12:53am
Quoting emmanuel7788
EURAUD H4 trade update: Exit Rules can be broken. When can you start to break rules? {image}
I think after a bearish engulfing candle PA might consolidates before moving into direction plus TDI had his first cross in a downtrend, so TDI most likely will try to goes flat or even tries to cross back up pointing to a potential faky moves up only then to bounce back into the original trade direction with momentum and continue the way down
I Have Learned to Take Some Losses to Make Profits
  • #33,311
  • Mar 21, 2014 12:57am Mar 21, 2014 12:57am
Quoting as33156
{quote} Lets hope the both of ours pay off big time before we get up for the next 4hr candle. {image}
UJ always looked sideways --- maybe some movement when Europe wakes up

Currently in AC

But as expected a slow day
  • #33,312
  • Mar 21, 2014 12:58am Mar 21, 2014 12:58am
Quoting ~JustDoiT~.~
{quote} Thank bro. ^^

You are welcome.

Forgot to mention the book RSI:The Complete Guide.
Good book to read when you work with the RSI in system development.

Download ebook click to download

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,313
  • Mar 21, 2014 1:12am Mar 21, 2014 1:12am
Quoting GilR
{quote} UJ always looked sideways --- maybe some movement when Europe wakes up Currently in AC But as expected a slow day

Tokyo on holiday and liquidity is low.
Let's wait and see what London will bring.

Still stalking CADJPY for a breakout move.

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY week 12 H4 21 Mar.png Size: 72 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,314
  • Mar 21, 2014 1:16am Mar 21, 2014 1:16am
Expecting AUDCAD to break previous high
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  • #33,315
  • Mar 21, 2014 1:19am Mar 21, 2014 1:19am
Quoting fxFox.mb
{quote} Hi Bizzzle, hi emanuell, I'am a little confused, perhaps you can give me a hint, if I see something wrong. You know I normally trade on H1 trying to find the trades like phx62 and not the H4 style as Big E did it and you said you adapted that. Because I am a little jealous of your even more stressfree trading style I thought about to take a look at H4 too. But a quick evaluation didn't convince me up to now. You said you are trading only the open of the candles, I tried to evaluate the current March trades of EURAUD H4, which were in the...

Hi fxFox.mb,

Reading your post now, a lot of things come immediately to mind. Many of the things you wrote were reasons why a small group of us went on to develop TMS-II. Let me get my thoughts together and make a post later.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,316
  • Mar 21, 2014 2:08am Mar 21, 2014 2:08am
took two trades on gbp/aud.

+49 pips on one trade and +31 on the other. both closed now.
aud/usd are still open with 17 pips in profit and SL at breakeven
usd/cad is in negative at the moment with SL at 1.12780
Attached Image (click to enlarge)
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Come tomorrow, I'll wake up new
  • #33,317
  • Mar 21, 2014 2:08am Mar 21, 2014 2:08am
Quoting L0pg
{quote} Thanks a ton Direwolf! All work splendidly save the Box indicators, I get an error, not sure what that is about. Seems like my computer and trades are both rebelling lately. {image}
Hi.

I double check and turned out I named them wrong, sorry. Box indicators are source files, so, rename them to .cs and they should show up in your cAlgo for compile.

I don't use them in my template tho, it doesn't work as good as their MT4 counterpart.
Everything you can imagine, is real - Pablo Picasso
  • #33,318
  • Mar 21, 2014 2:12am Mar 21, 2014 2:12am
Quoting GilR
Expecting AUDCAD to break previous high {image}
And broken thru
  • #33,319
  • Mar 21, 2014 2:32am Mar 21, 2014 2:32am
Quoting gsbharaj
took two trades on gbp/aud. +49 pips on one trade and +31 on the other. both closed now. aud/usd are still open with 17 pips in profit and SL at breakeven usd/cad is in negative at the moment with SL at 1.12780 {image}

gsbharaj,

welldone!

clean charts helps improve our views on PA, fewer factors in our trade decision making. pulling trigger is a lot easier. I LIKE.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,320
  • Mar 21, 2014 2:36am Mar 21, 2014 2:36am
Quoting emmanuel7788
{quote} Tokyo on holiday and liquidity is low. Let's wait and see what London will bring. Still stalking CADJPY for a breakout move. {image}
I am also having an eye on it,
i posted following chart yesterday too, your analyses gave me more confidence to jump in once i see a good setup
Attached Image (click to enlarge)
Click to Enlarge Name: cj.PNG Size: 50 KB
I am not random, U just can't think as fast as me....
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