Oh, Arjuna didn't die. I was referring to Big E from Trading Made Simple. My 'cult' comment stems from the almost religious zeal some people uttered when posting. Really, it got too much. I think the thread also deviated from its original message. The original system worked a treat, when used in conjunction with common sense and basic price action.
By price action, I mean round numbers, previous candles, and other S/R. TDI works as a great confirmation. For example, taking crosses of the red and green lines above the yellow MBL for a buy, and vice versa for a sell, once price closes above/below 10 EMA, and preferably breaking higher/lower. People began to add things, then questions were asked over and over. Regular posters would tell newbies to read the whole thread and look for answers, but when you're looking at 1000 pages, of which most are irrelevant, and it became quite toxic here.
I'm glad this thread has some new energy. To be honest, the first 50 pages really are all you need to read. The system works, as a scalping method, when using common sense. Check the higher TF and trade in the same direction, away from major S/R. Aim for 10 pips a day, and walk away. Over time, you compound to a good level of income. Don't chase every trade and try to squeeze every single pip. Aim for 10 pips, or the next major S/R level, then go and enjoy life. Some people seem to spend day and night gazing at charts. It's unnecessary and a sure fire way to making mistakes.
By price action, I mean round numbers, previous candles, and other S/R. TDI works as a great confirmation. For example, taking crosses of the red and green lines above the yellow MBL for a buy, and vice versa for a sell, once price closes above/below 10 EMA, and preferably breaking higher/lower. People began to add things, then questions were asked over and over. Regular posters would tell newbies to read the whole thread and look for answers, but when you're looking at 1000 pages, of which most are irrelevant, and it became quite toxic here.
I'm glad this thread has some new energy. To be honest, the first 50 pages really are all you need to read. The system works, as a scalping method, when using common sense. Check the higher TF and trade in the same direction, away from major S/R. Aim for 10 pips a day, and walk away. Over time, you compound to a good level of income. Don't chase every trade and try to squeeze every single pip. Aim for 10 pips, or the next major S/R level, then go and enjoy life. Some people seem to spend day and night gazing at charts. It's unnecessary and a sure fire way to making mistakes.