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Trading Made Simple

  • #42,061
  • Oct 10, 2014 3:14am Oct 10, 2014 3:14am
GBPAUD 10 Oct H1 LO trade:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,062
  • Oct 10, 2014 3:15am Oct 10, 2014 3:15am
Quoting kdl
I am trying to set up TDI on my ipad MT4, I am good with the green and red lines MA's on the RSI, but cant find how to add the mbl yellow line. Can anyone please advise. Thanks

MBL yellow line is a 34 period moving average of the RSI data period (10)....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,063
  • Oct 10, 2014 3:35am Oct 10, 2014 3:35am
Quoting chakal
Due to lack of volatility in currency pairs compared to the time when this thread was originally written, some members have switched to trading lower timeframe, I tried too but without much success so I tried to go back to the basics of the original rules to know what I have been doing wrong: To give good signal the market need to be trending strongly (no small heikenashi candles!). Identify and avoid rangin market before getting stuck in it (hardest part). Avoid trading against the trend (hard to know with currency specially under influence...
Yes, indeed. I am testing the strategy for the whole 2014 on H4 using high-quality tick data (Modeling Quality 99.9%) and so far the results are mediocre *BUT* I have not gone through all scenarios yet.

I have set up testing scenarios:
S#1: Using only TDI crosses;
S#2: TDI crosses+S/R;
S#3: TDI crosses+S/R+quality of signal HH bar;
S#4: TDI crosses+S/R+quality of signal HH bar+quality of previous reversal;
S#5: TDI crosses+S/R+quality of signal HH bar+quality of previous reversal+look for trending markets only;
S#6: TDI crosses+S/R+quality of signal HH bar+quality of previous reversal+look for trending markets only+Stoch;
S#7: TDI crosses+S/R+quality of signal HH bar+quality of previous reversal+look for trending markets only+Stoch+MTF confirmation (on H1, D1 even W1 & MN1?);

** TDI and Stoch checks need to be broken into sub-scenarios whether we only check the direction or whether we also check OB/OS;

** S#7 also needs to be broken into sub-scenarios where we check for different MTF confirmation items.

I will be testing all day today and over the weekend and I will post results and examples when I'm done.

I hope to get the attention of the "gurus" here to find any errors and inconsistencies in my analysis.

By the way got the H1 GU short trade - about +30.

Thanks all and later!
  • #42,064
  • Oct 10, 2014 3:44am Oct 10, 2014 3:44am
Quoting rkp
{quote} Yes, indeed. I am testing the strategy for the whole 2014 on H4 using high-quality tick data (Modeling Quality 99.9%) and so far the results are mediocre *BUT* I have not gone through all scenarios yet. I have set up testing scenarios: S#1: Using only TDI crosses; S#2: TDI crosses+S/R; S#3: TDI crosses+S/R+quality of signal HH bar; S#4: TDI crosses+S/R+quality of signal HH bar+quality of previous reversal; S#5: TDI crosses+S/R+quality of signal HH bar+quality of previous reversal+look for trending markets only; S#6: TDI crosses+S/R+quality...
rkp,

Good share here. Thanks!

And you got that GU +30pips... you are sharp.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,065
  • Oct 10, 2014 3:47am Oct 10, 2014 3:47am
took a loss with e/y trade yesterday. This trade should make up for that loss
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the cautious seldom err....C
  • #42,066
  • Oct 10, 2014 3:53am Oct 10, 2014 3:53am
With sign of USD strength today, I am closing another portion of my trades. Not giving back too much to the market.
Remain 2 positions are at BE, so I wait till NYO and decide. Not keeping anything open over the weekend.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,067
  • Edited 5:15am Oct 10, 2014 4:08am | Edited 5:15am
long taken on H1. Stopped out. really bad trade
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the cautious seldom err....C
  • #42,068
  • Oct 10, 2014 4:20am Oct 10, 2014 4:20am
Quoting kdl
I am trying to set up TDI on my ipad MT4, I am good with the green and red lines MA's on the RSI, but cant find how to add the mbl yellow line. Can anyone please advise. Thanks
So how do you set up TDI on your iPad?☺️
  • #42,069
  • Oct 10, 2014 4:35am Oct 10, 2014 4:35am
Quoting mact4
{quote} So how do you set up TDI on your iPad?☺️
If you do not have the TDI on your trading platform, you can simulate it using the RSi in one same sub-window.
See post#16,232

The TDI what also know as Fozzy RSi which uses different moving averages of the RSI data. The period of the RSI data by default is set to 13.

In the book RSI:The Complete Guide by John Hayden he explains trading using this Fozzy RSI method.
This book wis in the attachment in this TMS thread.
There are other books writen on the RSI, and since TMS uses this TDI as oscillator, it is good to read up and understand what this RSI is about and how it work.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,070
  • Edited 4:49am Oct 10, 2014 4:36am | Edited 4:49am
first time trading H1 with H4 view. Thanks million times to LW.
trades in progress:
EA, AU EU, USoil
new face new level for my EA trade which reached 45pips then slowing down. tempting to exit

While writing this post, 1st PT has reached for EA long for 50 green what should I do for the 2nd PT?
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Appreciation is the key to wealth and happiness
  • #42,071
  • Oct 10, 2014 4:38am Oct 10, 2014 4:38am
Quoting emmanuel7788
{quote} If you do not have the TDI on your trading platform, you can simulate it using the RSi in one same sub-window. See post#16,232 The TDI what also know as Fozzy RSi which uses different moving averages of the RSI data. The period of the RSI data by default is set to 13. In the book RSI:The Complete Guide by John Hayden he explains trading using this Fozzy RSI method. This book wis in the attachment in this TMS thread. There are other books writen on the RSI, and...
📖thank you
  • #42,072
  • Oct 10, 2014 4:44am Oct 10, 2014 4:44am
EUR/JPY - M5 Scalping
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  • #42,073
  • Oct 10, 2014 4:46am Oct 10, 2014 4:46am
Quoting likica
first time trading H1 with H4 view. Thanks million times to LW. trades in progress: EA, AU EU, USoil new face new level for my EA trade which reached 45pips then slowing down. tempting to exit {image}
Keep Going you are the master!
Excellent Job!
  • #42,074
  • Oct 10, 2014 4:53am Oct 10, 2014 4:53am
Quoting emmanuel7788
EURJPY 10 Oct H1 trading: Now on H1 chart, do we have Tokyo Channel drawn ready? http://www.forexfactory.com/showthre...31#post3302731 Looking at previous Days, today it can go in either direction in sideways market type. Just like what happended yesterday. Previous W was bearish so I am sell bias Previous D also bearish so bias is sell, but sitting on near term support. {image}
EJ broke to down side. Did you get in Emman?
Appreciation is the key to wealth and happiness
  • #42,075
  • Oct 10, 2014 4:55am Oct 10, 2014 4:55am
Quoting cchersia
{quote} Keep Going you are the master! Excellent Job!
Thanks cchersia. I am stepping up to higher level I mean higher time frame so I have more time to decorate my charts
Appreciation is the key to wealth and happiness
  • #42,076
  • Oct 10, 2014 4:58am Oct 10, 2014 4:58am
Quoting cchersia
EUR/JPY - M5 Scalping {image}
nice shot. haven't you set PT yet. or let it running to infinity
Appreciation is the key to wealth and happiness
  • #42,077
  • Oct 10, 2014 4:59am Oct 10, 2014 4:59am
Quoting likica
{quote} EJ broke to down side. Did you get in Emman?
Yes, I did. MPTM parameters set BE and scaleout at +20ips move and JSL set at 30pips.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,078
  • Oct 10, 2014 5:14am Oct 10, 2014 5:14am
Left a lot on the table , okay still time to learn Phx62 way of moving to +100 when momentum picks

+ 50 on GJ
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I Have Learned to Take Some Losses to Make Profits
  • #42,079
  • Oct 10, 2014 5:34am Oct 10, 2014 5:34am
okay Another +40 on GU , identical setup to GJ
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I Have Learned to Take Some Losses to Make Profits
  • #42,080
  • Oct 10, 2014 5:39am Oct 10, 2014 5:39am
Took one trade today. Was busy and missed early GBP/USD move. So took GBP/JPY trade after price broke support line and TDI gave a nice cross under MBL and 50. Set 35 pips TP (decided not to be greedy on friday) and it was hit very quickly while i was not near computer. Maybe, if i was watching this trade, i would move my TP little bit lower. But that's ok, this week was very nice for me and i can honestly say that TMS is the best system i have ever used. But there are still a lot of things to learn and a lot of tools to master.
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