Happy New Year's Everyone.
green pips to all for 2015...
green pips to all for 2015...
- #48,044
- Jan 1, 2015 3:00pm Jan 1, 2015 3:00pm
- | Joined Mar 2014 | Status: Trader | 1,228 Posts
{quote} thank you thank you thank you so much. Fromto
Take care.
you're welcome. note: it works on any website you visit, not just FF.com.
- #48,046
- Jan 1, 2015 3:24pm Jan 1, 2015 3:24pm
- Joined Jul 2011 | Status: Gold Again | 10,601 Posts
{quote} thank you thank you thank you so much. From
YMMV
It takes a lot for me to IGNORE you, but you can try.
- #48,047
- Jan 1, 2015 7:17pm Jan 1, 2015 7:17pm
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} I noticed that he said Dean Malone uses shift=1, but I thought SJ said he uses shift=2 and in reviewing some of his previous posts, I even found shift=3 mentioned
I must say (for our recent noobs), from my readings of the TDI, that it doesnt really matter that much which version you chose. Please follow the advice that was given to me by WDays and Lorbax : "pick a TDI and master that version (...if you find you want to change... no problem, go ahead)".
Hope everyone has a green trading year!!!
- #48,048
- Jan 1, 2015 7:26pm Jan 1, 2015 7:26pm
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
- #48,052
- Jan 1, 2015 8:08pm Jan 1, 2015 8:08pm
{quote} Also, you can Hold the Ctrl key and Scroll to zoom in and out - with Chrome anyway - check the settings as shown in picture YMMV
Thank you very much for pointing this out.
Happy trading.
- #48,053
- Edited 8:29pm Jan 1, 2015 8:16pm | Edited 8:29pm
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
Money Management Strategy for TMS {quote} {quote} {quote} Reading recent posts, there are a few questions which I think are related to money management strategy used in trading TMS. Most traders here trades with fix lot size and do not use position sizing with percentage risk of equity. Whether you are trading just for few dollars, or to supplement your full time job, or to grow an account, etc. you need to consider what your money management strategy work best for your business. I posted one of my account using myfxbook to show you that trading...
The idea is simply to attached yourself to the trader who you can easily identify with and form a MM plan supported by their mentor-ship. For me this is Phx62 (see paperclip for his journal examples) - i say this because his approach feels natural and easy for me to understand (this is very (very!) important).For example Phx62 enters a trade with 50 TP & 50 (emergency) SL - from what i can understand from his journal this is usually (one instance of) a fixed (say 1/2 of a) Lot on EU (he only trades EU but also other pairs when vol is down...). This is not 1:1 Risk:R as some traders have suggested cause the emergency SL is hardly ever hit in normal circumstances (its only there for emergencies, you know when Godzilla attacks your city and all the power goes out... LOL!). The R:R is more like - at least - 1:2 up to 1:8. Phx62 uses PA + TMS in various orders by my understanding (although perhaps PA tends to dominate his thinking). Some traders have suggested that his trading style is unique and cannot be followed - sure Phx62 can only trade like Phx62 but you can certainly follow the general trading style - the idea is to morph his approach to MM to your own plan. (I should say that incorporating PA into MM as Phx62 does is naturally ingenious.)
Think Green
{quote} Think Green
Just a small question ... to understand how it works ...
Please observe the attached chart ...
When the TF's are showing strong down trend ... TDI signal says "No signal" ... Wondering why ...
If you can upload / post ... How to analyse ... it will be really helpful ..
1. Panel Ratio - Strength / weakness of higher / lower ratio ... when is the best time to trade with this parameter ... higher ratio or lower ratio ...
2. same doubt on TDI red angle ....
3. Same doubt on TDI separation .... how to determine / analyse normal / weak / strong separation ... Have seen only Normal and crossing till now ..
- #48,055
- Edited Jan 2, 2015 1:35pm Jan 1, 2015 8:38pm | Edited Jan 2, 2015 1:35pm
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} Thanks a ton for a all new visual indi. Just a small question ... to understand how it works ... Please observe the attached chart ... When the TF's are showing strong down trend ... TDI signal says "No signal" ... Wondering why ... If you can upload / post ... How to analyse ... it will be really helpful .. 1. Panel Ratio - Strength / weakness of higher / lower ratio ... when is the best time to trade with this parameter ... higher ratio or lower ratio ... 2. same doubt on TDI red angle .... 3. Same doubt on TDI separation .... how to determine...
The TDI signal requires support from the higher TF & a signal candle of a certain size - for example; for a 1H/4H BUY trade you need a cross up + the 4H Green to be at least 12-2 O'clock with the signal candle at least 10pips (remember a TDI signal with small candle should be avoided!) Oh, also, on your chart above you must adjust the setting... see picture below until you get the signal for that pair...
For other basic questions please see the thread http://www.forexfactory.com/showthre...33#post7969433
- #48,056
- Jan 1, 2015 8:45pm Jan 1, 2015 8:45pm
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
{quote} Hi steadyrandy, very interesting question! First there is a diffidence b/w the values of OHLC (normal candles) and HA_OHLC - so, clearly attaching the TDI to either will produce different results. Notice the HA_OHLC chart is 'smoother' - we expect this cause the HA candle is formed from averages from OHLC. Normally, the TDI (there are many versions granted) on MT4 (at least) attaches to the OHLC via the RSI but this can be changed. I must say (for our recent noobs), from my readings of the TDI, that it doesnt really matter that much which...
.Agree with you GS, in fact, I don't know which version of TDI I am using on my charts
(if you asked me, I would be jumping up and down in confusion
)
Appreciation is the key to wealth and happiness
- #48,057
- Jan 1, 2015 8:49pm Jan 1, 2015 8:49pm
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} Happy New Year and happy trading to all
That is right likica because Big E's rule of entering candle 1 or 2 after the cross means all the versions (that i have seen) agree on the cross/signal - they just look a bit different thats all... - #48,058
- Jan 1, 2015 9:02pm Jan 1, 2015 9:02pm
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
A beautiful short on EU M30 where TDI crossed just below MBL, price bounced off yellow road (5MA) and ATR, the only ugly part is I missed it
Appreciation is the key to wealth and happiness
{quote} Thanks emmanuel7788 & SJ for all your posts on MM - something that i wanted to start to sort out in the NY. I guess MM is such a personal thing to sort out and fit into your trading plan. The way i see it is we have senior traders with various and diverse MM strategies - this is good news for us noobs
Like Phx62 does, I also look for 50 pips target ... If I do not see a pair having room to move 50 pips from my entry level, give it a miss ...
My stop loss (unlike Phx62, who has emergency 50 pips SL) is always 25 pips ... as I look for 1:2 R2R ratio ... Every one says "do not risk more than 2% on any trade" ... I tweaked this philosophy to suit my requirement ... I risk 2.5% (approximately, as different pairs have different pip to $ value) on all my trades ... meaning I'm willing to loose 250$ on any trade ... I have a 10,000$ account ..... 2.5% loss on a 10,000$ account is 250$ (APPROXIMATELY) and most of the times, like Phx62 ... I have ONLY ONE open trade (of any pair) at a time (before adding position)
Emmanuel influenced the Position Adding factor ....
Once my trade moves 25 Pips, move the SL to break even and open one more standard lot ... Again with 25 pip SL ... As my first trade is already at BE ... again my risk is 250$ ....
Hope this helps some one ...
I do not know ... If I'm right or wrong ... Just suits me .....