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Trading Made Simple

  • #43,241
  • Edited 7:59pm Nov 4, 2014 7:43pm | Edited 7:59pm
More on the TDI:

Here is a comparison of the Synergy_Pro_TDI and the RSI created one known as Fozzy RSI.

Attached Image (click to enlarge)
Click to Enlarge Name: Comparing Synergy_Pro_TDI w Fozzy RSI.png Size: 34 KB


The Fozzy-RSI is an exact replica of the Synergy_Pro_TDI.
You can use the Fozzy-RSI method in other trading platforms like I do. The RSI is running in realtime mode, so you will not have the problem with repainting TDI. You just need to test that in live market and then fully understand how this Fozzy-RSI work, you need to formulate your enrty and exits rules with this taken in considerations.
Read the book "RSI:The Complete Guide" by John Hayden. You find the pdf in the attachments in this thread.

In the chart example above, it is H1 TF. There is a H1 cross up but the risk is your are trading against the H4 so be nimble with your TP expectations. If we see the H1 TDI Red cross the Yellow, that is most certain the H4 TDI Green cross Red. Know the market types seen on your charts. Study the price bars price action. They tell the big picture story.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,242
  • Nov 4, 2014 7:46pm Nov 4, 2014 7:46pm
Quoting omonisha
{quote} Hi kingdomk Yes i do a basic weekly analysis. The S/R, Overbought oversold TDI,the 50 line,the trend. I simply try to get a trade on the basis of HTF trend. Wait for TDI to bounce or cross on LTF [ PA pullback or shallow retrace on the previous S/R] to get on the trade. Please i'm a newbie too. Regards Omonisha
you are a newbie in our super traders club.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,243
  • Nov 4, 2014 7:56pm Nov 4, 2014 7:56pm
Quoting pips29
took 50 out of a possible 100 {image}
Good trades! pips29,

When I trade 4H period using the H1 chart, I look for the H1 TDI Red to cross the Yellow and the size of the H1 candles.
We all know every 4x H1 candles will form on H4 candle. Then when the H1 TDI Red crosses the Yellow, it is the same as H4 TDI Green cross Red.
The H1 TDI crosses become "market noise" to me when I trade 4H periods.

Here is a hint for those who wants to trade 8-hours periods instead of 4H periods. Same game, just use one H1 chart and just the two basic indicators - the TDI and APB/HA. Check your charts once every 8-hours. Keep you charts simple and do not watse your monitor real estate putting other indicators on your charts and reducing your price chart window and missing the details of the realtime price action of the real price bars and the APB/HA.

Some brokers platform do offer 8H chart. That may help.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,244
  • Nov 4, 2014 8:26pm Nov 4, 2014 8:26pm
Quoting emmanuel7788
{quote} you are a newbie in our super traders club.
Thanks EMU you are very supportive
Sad i'm not trying to understand PA
  • #43,245
  • Nov 4, 2014 8:29pm Nov 4, 2014 8:29pm
Quoting emmanuel7788
{quote} Hi heispark, Some indicators are hard coded and do not allow the MT4 customization. Every time the charts are refreshed, they go back to the hard-coded defaults. Xaphod is very experienced and he know what software quality is about. He understands users behaviour and that shows in all his work. Tell me which indicator has the problem you mentioned and I can fix them for you. regards,
Thank you, Emmanuel for your comment. I was mentioning about TDI Synergy Pro indicator you attached. I know you don't have source code and therefore you cannot fix it. I just wanted to test Synergy Pro but its poor customization detered me. I am kinda 'artistic' person...
Yes, I love Xaphod and his 'Made in Sweden' quality products.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #43,246
  • Nov 4, 2014 8:37pm Nov 4, 2014 8:37pm
Hi
Couldn't sleep so I thought I would take at a look at EURAUD, looks like a good shorting opportunity but Im new and this is by no means my usual time for watching charts, (usually sleeping). Anyway whats your thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDSBH1 5,11,14.png Size: 55 KB
  • #43,247
  • Nov 4, 2014 8:38pm Nov 4, 2014 8:38pm
Quoting heispark
{quote} Thank you, Emmanuel for your comment. I was mentioning about TDI Synergy Pro indicator you attached. I know you don't have source code and therefore you cannot fix it. I just wanted to test Synergy Pro but its poor customization detered me. I am kinda 'artistic' person... Yes, I love Xaphod and his 'Made in Sweden' qualiy products.
No source code, no problem. I have a commercial strategy tester and ran many simulation models and comparing the output data until get that. That TDI has been fixed.... by me.

Made in Sweden .... yup, that's Swedish quality. I love my Volvos.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,248
  • Edited 10:46pm Nov 4, 2014 9:26pm | Edited 10:46pm
Quoting Next4467
Hi Couldn't sleep so I thought I would take at a look at EURAUD, looks like a good shorting opportunity but Im new and this is by no means my usual time for watching charts, (usually sleeping). Anyway whats your thoughts? {image}
I am in at 1.43541 with SP at Weekly R1.... We are on a same ship.

EDIT: Stoped out. What a shame.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #43,249
  • Edited 10:22pm Nov 4, 2014 10:08pm | Edited 10:22pm
What type of trader are you?

Are you a scalper?
or an intraday trader ?
or a swing trader?
or a position trader?
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 5 Nov MTF view.png Size: 78 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,250
  • Nov 4, 2014 10:12pm Nov 4, 2014 10:12pm
Hi Emmanuel,

I am just an amateur trader...have been trying really hard to learn the TMS method but no success yet.


Regards
  • #43,251
  • Nov 4, 2014 10:27pm Nov 4, 2014 10:27pm
Hello Everyone,

If you break down your chart to the very basics, the average price bars
are very accurate. If you trade with apb's you can see the market very accurately.
The big picture that Emmanuel is talking about is the price action of the apb's.
Remember that trading is all about price action...

Thanks

sj
Attached Image (click to enlarge)
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  • #43,252
  • Nov 4, 2014 10:36pm Nov 4, 2014 10:36pm
Quoting dennis4u15
Hi Emmanuel, I am just an amateur trader...have been trying really hard to learn the TMS method but no success yet. Regards
Hi Dennis,

I was once an amateur trader, that was many years ago.
Some people learn the TMS method in matter of a few days, while some took more days, yet some took many months.
It does not take 10,000 hours to learn to trade with TMS. But you need 10,000 hours to learn to trade the market and be a proficient at it.
If trading is that easy to learn, then universities can churn out thousands of traders every year. The most difficult part being a trader is the the 3rd M, our Minds. The skills in how to manage our psychology is the biggest part and most difficult to teach. But that can be learned with the proper coaching and mentoring. Every successful trader whom I know went through a long journey and until they hit that transformation phase, all things will then come into place.
Trading the markets requires a diverse knowlegde of many different things. The traders need to put all the required knowlegde together like a 10,000 pieces jig-saw puzzle.
Don't give up. I did not give up during the past 30 years, today I am 60. You start thinking of your life goals... why do you want to trade this very difficult forex market. Make a plan how you want to achieve financial freedom. Have a dream with SMART goals.

There is a lot more I can write on this, but I have to go now to pick up people from the airport.

kind regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,253
  • Nov 4, 2014 10:40pm Nov 4, 2014 10:40pm
Thanks Emmanuel.

Regards
  • #43,254
  • Nov 4, 2014 11:14pm Nov 4, 2014 11:14pm
EURJPY H1 50pips
Attached Image (click to enlarge)
Click to Enlarge Name: 5.11.2014 EURJPY.H1.png Size: 40 KB
  • #43,255
  • Nov 4, 2014 11:38pm Nov 4, 2014 11:38pm
Quoting toledoFX
{quote} Thank you for the answer! Watching trades on M15 too, but can you please tell more what you mean about EMA10 on H4? Price did broke it in that moment on EUR/AUD and it was looking not bad.
EMA 10 cant tell you enough about it, I found it by trial and error and since using it on my chart, I found some tips that helps me gauge in the market, trending, reversal, managing trades etc

Now EA on H4 was sitting on EMA 10, then a candle closed below that, here on H4 if you look left there was reversal zone, what happens here is that PA can hesitate even tho it closed below EMA 10, closing below or above EMA 10 with momentum dosent mean continuation, PA can close above or below but that its about it, next candle can reverse if it convergence with S&R and zones and that is exactly what happened

I'm very cautious when PA closes below or above EMA 10, if a close below or above followed by continuation bar follow up then I might have followed the trade, but when next bar losses momentum then I might called the trade off

I trade TMS with other tools that I see working for me, so please hope this dosent upset others that want the thread to be pure TMS , good luck
I Have Learned to Take Some Losses to Make Profits
  • #43,256
  • Nov 4, 2014 11:39pm Nov 4, 2014 11:39pm
Quoting manoj_3986
EURJPY H1 50pips {image}
Awesome trade, thanks for including your reasons behind taking the trade
I Have Learned to Take Some Losses to Make Profits
  • #43,257
  • Nov 4, 2014 11:45pm Nov 4, 2014 11:45pm
Quoting emmanuel7788
{quote} Hi Dennis, I was once an amateur trader, that was many years ago. Some people learn the TMS method in matter of a few days, while some took more days, yet some took many months. It does not take 10,000 hours to learn to trade with TMS. But you need 10,000 hours to learn to trade the market and be a proficient at it. If trading is that easy to learn, then universities can churn out thousands of traders every year. The most difficult part being a trader is the the 3rd M, our Minds. The skills in how to manage our psychology is the biggest...
Wonderful post, thanks for the pump up, really need that to hang on and keep trying, I have started to see the light with TMS and trading in general but since the light bult moment, I got that psychology fear, I have closed 3 consecutive win win trades at BE or little gains and 3 of them made good pips, yesterday done it again

I was long EA on the best price ever, first blue candle on the break of last red candle on H1, here PA made +10 pips but I was really tired of winning straight for like 8 days in a row and coudnt believe that am making it so I moved to BE after those +10 pips, stopped out and PA later make what it did, so from today on I'm determined to pass on this burden and only move to BE when in +21 pips

Before I made pips easy, but when I started to see the light , I cut off those pips, now from today on will work on going back to old me
I Have Learned to Take Some Losses to Make Profits
  • #43,258
  • Nov 4, 2014 11:47pm Nov 4, 2014 11:47pm
Quoting TheScorpS
{quote} Awesome trade, thanks for including your reasons behind taking the trade
Thanks Thescorps.
  • #43,259
  • Nov 5, 2014 12:17am Nov 5, 2014 12:17am
missed this AU
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 25 KB
Daniel
  • #43,260
  • Nov 5, 2014 1:01am Nov 5, 2014 1:01am
EU H1 short
Attached Image (click to enlarge)
Click to Enlarge Name: EU H1 short Wed 5.11.14 FO.png Size: 38 KB
Appreciation is the key to wealth and happiness
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