Disliked{quote} Could you please direct me where to find the MTF TDI trading style ??? I want to learn it thank youIgnored
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- #42,423
- Oct 17, 2014 10:29am Oct 17, 2014 10:29am
by the way guys i dont know if there are any people who ask this silly question...but when the beggining of the h1 candle when i see a great TDI set up did you all enter the trade right away using buy or sell with the current market price or using buy/sell stop or buy/sell limit?sorry if its a silly question guys happy trade and good luck 
- #42,427
- Oct 17, 2014 5:25pm Oct 17, 2014 5:25pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,088 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #42,428
- Oct 17, 2014 6:20pm Oct 17, 2014 6:20pm
- Joined Nov 2008 | Status: Trader | 50,190 Posts
{quote} Emmanuel, What's that? Would you direct me to a post or file to get to know X-man'S3?
X-Man is the owner of the thread Super Simple System S3 a H1 trading method based on TMS. .... X-Man's S3 Link
One of his trademark is the PullBack candle trades.
Here is an example below, and I use the Previous Day Open, High, Low and Close OHLC as the natural support and resistance. Support and Resistance are areas or zone, they are not just a single price line. What is more important is to look for buying and selling activity in the S&R zones and using Price Action by recognising Candlestick Patterns will be an added advantage when we trade TMS which uses the RSI as the price momentum indicator.
I make my life easy and my intraday trading simple by using previous Day OHLC as my Daily H1 support and resistance. It is simple because when market is trending, then price will usually move above or below the Hgh or Low of the previous Day. The Tokyo channel is another tool I use to look for the breakouts.
Note the Day Inside Bars ... consolidation head-ups warning!
Have a Good Weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #42,429
- Edited 7:53pm Oct 17, 2014 7:34pm | Edited 7:53pm
- Joined Nov 2008 | Status: Trader | 50,190 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #42,430
- Oct 17, 2014 7:51pm Oct 17, 2014 7:51pm
- Joined Nov 2008 | Status: Trader | 50,190 Posts
{quote} Yes, I found there are several realtime MTF indicators similar to TDI-MTF-zz. They could be usuful depending on the strategy. A user named Strada seems using Ultra Stochastics successfully in his trading strategy. This is on my future research list. Anyway, thank you for the tip!
Yes, I agree with you on the member Strada' work. He shares and explained what he does very clearly. That was very helpful for many new traders.
I got interested in those colourful matrix type indicator when Symphonie system was started by Evaluator. There are a few others after Symphonie.
I still find time to read thread using those matrix type indicatprs but I still find TMS simpler and suits me best.
There is an idiom I remember since my school days.... "A little knowledge is a dangerous thing". With more knowledge you will become more discerning, more cautious perhaps in selection decision and will see plenty more options to make the right decisions.
Good luck with your research.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #42,432
- Oct 17, 2014 9:26pm Oct 17, 2014 9:26pm
- Joined Nov 2008 | Status: Trader | 50,190 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #42,434
- Oct 17, 2014 9:38pm Oct 17, 2014 9:38pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,088 Posts
{quote}It shows supply and demand areas which is different to s/r but I find them very effective and much better than the various pivot indicators I have tried. There are various articles on supply/demand, if you google Sam Seiden that will give you a start. Hostwey also uses supply/demand as does Omonisha.
You always have full of useful information.
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #42,435
- Oct 17, 2014 9:40pm Oct 17, 2014 9:40pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,088 Posts
{quote} Hi Heispark, Yes, I agree with you on the member Strada' work. He shares and explained what he does very clearly. That was very helpful for many new traders. I got interested in those colourful matrix type indicator when Symphonie system was started by Evaluator. There are a few others after Symphonie. I still find time to read thread using those matrix type indicatprs but I still find TMS simpler and suits me best. There is an idiom I remember since my school days.... "A little knowledge is a dangerous thing". With more knowledge you will...
Enjoy your weekend!
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #42,436
- Oct 18, 2014 12:46am Oct 18, 2014 12:46am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
{quote} Hi TSS, IMHO, you were fixated on the first AB wave and did not consider that there were too many smaller waves between B and C. After wave AB, for a valid ABCD type trading, there should not be too many bars between B and C. Remember the lessons we had on Right/Left Skew? Or go one TF up and see what happen after you spotted that impulse wave AB. You use of Fib61.8 is good but its applications may be too diverse with many different schools of thoughts in using Fib 61.8, 161.8, etc. You are trading on H1, trade each day new and do not be...
In that regards, correction in B point can extends far than just a single day, I have seen it extends to whole 3 days before the 61.8 retracement works out, and when it works, it gives very good signal and entries with the main trend
So much more details to that which go beyond the scope of this thread, learnt that from Mr.pip thread which I recommend to all TMS traders if you are interested , thanks again for you support, will take your note and study it for future trades
I would like to thank you too for the info on cave manager, I once wanted to use it but never able too, with that explanation, it would be easier this time, much appreciate your being here with us
Those daily open high and low close are very important as well, just learnt about them recently and you confirmed the idea
I Have Learned to Take Some Losses to Make Profits
- #42,437
- Oct 18, 2014 3:02am Oct 18, 2014 3:02am
- Joined Nov 2008 | Status: Trader | 50,190 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #42,438
- Oct 18, 2014 3:09am Oct 18, 2014 3:09am
- Joined Nov 2008 | Status: Trader | 50,190 Posts
{quote} Thanks Emmanuel for the help on trading those ABCD, I have tho gone far with trading ABCD, they are to me very important tool in trading general price action, guess why there are some many crosses and bounces on the TDI representing the same move on PA In that regards, correction in B point can extends far than just a single day, I have seen it extends to whole 3 days before the 61.8 retracement works out, and when it works, it gives very good signal and entries with the main trend So much more details to that which go beyond the scope of...
Hi TSS,
Your are welcome.
Thanks for that Mr.Pip thread info. I need to find time and follow his posts.
Next week, we shall try look for a trend breakout live trade and use the Cavemanager feature to manage TP using two of its features.
I have used the trailing by candle feature and that work well.
The other feature is to push TP using that Preceding TP parameter following the market price.
Have a Good Weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
EA sell = -10pips today, Overall +90pips this week on EA .
Good Job Manoj Just keep it up one day you will make 200 per week.
If you have time , please can you write basis/ reason (fro your trading plan) of each trade . It will be a great who want to learn same trading plan which you and PHX62 is following.
Thanks