Dont know the setting Zef uses. But the indicator can be downloaded here: http://www.forexfactory.com/showthread.php?p=8222915
Post 7743
Happy trading
Post 7743
Happy trading
MY SITTING, NEVER MY THINKING!
- #56,243
- Apr 24, 2015 8:02pm Apr 24, 2015 8:02pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,094 Posts
Hi TMS family, While looking at Big E's posts and seeing how he was using stoch's to confirm direction of his trades and weed out weak setups, I've been trying different redundant indicators, and came across the RENKO, which some use as a EA-type system. This is the past week's EA H1: Chart is cluttered but pay attention on the color schemes: Renko Arrow + TDI Cross = good setups TDI Cross alone = good setups and some bad too. Basically the RENKO is painting the arrow 1-2 candles BEFORE the TDI Cross, if action is at 0.0 line. Action goes at RENKO...
Thank you for sharing this. However, when I see it, it doesn't look protect us from choppy market even at 4H chart.....
(EU 4H)
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #56,245
- Apr 24, 2015 8:23pm Apr 24, 2015 8:23pm
Weekend Food For Thought: II. Who Are you? I think this is a question many of you are neglecting to answer, possibly for many reasons, but it is a question that needs to be answered eventually. I am not talking about your profession nor your personal situations, but who are you as a trader, what are your aspirations with becoming a proficent trader... I see so much trading... I think it would do a lot of you the world of good to commit to trading only 1-2x a week and picking the best A+++ set-ups... whats a good yearly return on your money? 10%?...
I can tell you, we often overestimate what we can accomplish in a year but underestimate what we can accomplish in five.
I hope you all have a great weekend and enjoy time away from the charts, but when you return, find your swing, find your style and do not over do it, slow and steady and you will be amazed at how quickly you can grow an account.
Hi Andyvix833,
This really speaks to me! Many times, I get caught up in getting the method right. What I finally now learn to understand that it is NOT all about the method, and what I need to work and dive deeper into, is finding my own style/swing and MM skills to being profitable and earn back my losses!
Yes, we ALL can achieve that with perseverance and patience!
- #56,247
- Apr 24, 2015 10:06pm Apr 24, 2015 10:06pm
{quote} Hi x3m-ed, that's s simple 'problem' to solve. Do not babysit your trades. Once you pick the entry setup candle with momentum, you only need to check when every subsequent price bar/ candle close and not during the candle movement. You need to give your trades time to work itself. This is true regardless which TDI version you use. The TDI realtime version does not repaint history bars but the non-realtime version will repaint its history bars so when we look at history charts, the TDI setups looks perfect. Different TDI versions and different...
- #56,248
- Edited 1:20am Apr 25, 2015 1:01am | Edited 1:20am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
- #56,250
- Edited 2:10am Apr 25, 2015 1:53am | Edited 2:10am
{quote} Hi, ZeF Thank you for sharing this. However, when I see it, it doesn't look protect us from choppy market even at 4H chart..... (EU 4H) {image}
The market was sideways H4. The renko would have not helped there but neither would have the TDI.
But if we're to trade the TMS 5 Method taught by Emmanuel, considering price action criteria, we wouldn't have been in that ranging market anyways, as most action was inside Master Candles and it was not trending up or down. I use the TDI on 2 pairs - EA and GA, precisely because they tend to be very less in ranging markets. The TDI works very good on these ones.
P.S.: I'm not saying this stuff works, or that it sucks. But it looks interesting enough to me so I spend some time with it doing live-testing and not backtesting, which we all know is not always reliable.
Best regards, Zef
- #56,251
- Apr 25, 2015 3:10am Apr 25, 2015 3:10am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,094 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #56,252
- Apr 25, 2015 3:18am Apr 25, 2015 3:18am
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
{quote} Hi Heispark, The market was sideways H4. The renko would have not helped there but neither would have the TDI. But if we're to trade the TMS 5 Method taught by Emmanuel, considering price action criteria, we wouldn't have been in that ranging market anyways, as most action was inside Master Candles and it was not trending up or down. I use the TDI on 2 pairs - EA and GA, precisely because they tend to be very less in ranging markets. The TDI works very good on these ones. P.S.: I'm not saying this stuff works, or that it sucks. But it looks...
Itīs just good enough for a " first view".
I totally agree, forwardtesting is really the only way to find out how to handle the market.
The first steps in the simulator, then demo under live conditions .. later liveacoount with small portions .. and finally live with a good moneymanagement.
Good post !
Guido
Risiko birgt immer auch die Chance.
- #56,255
- Apr 25, 2015 4:42am Apr 25, 2015 4:42am
Damn this spread! Tried for 50, but it stalled at 48 (5 pip spread on that pair, why I kinda stopped trading it as often), so I exited manually at 44. Exited the GJ short also because it was stalling and because GBPUSD (which is the leading one actually) turned with us HIN. 50 overnight, 7 from EU this morning, 44 here and took a 20 pip loss on GU, makes 81 pips for the day
Great trading, can I ask you the name of the bar countdown timer on your chart and is it under the paperclip. I have one but its right near current PA and sometimes can be distracting.
Thanks
If you want to display candle colors of various timeframes you can use an indicator provided by CJA.
You can display HA or normal candles.
Read about the various dashboards in: Forum/Platform Tech/MTF Dashboard thread
I used the "MTF DashBoard v3.ex4" to get the effects per example/Just change the settings to your liking.
You can display HA or normal candles.
Read about the various dashboards in: Forum/Platform Tech/MTF Dashboard thread
I used the "MTF DashBoard v3.ex4" to get the effects per example/Just change the settings to your liking.
Don't limit yourself!!
{quote} Great trades, orders, and representation of trend-lines , thanks for sharing us ur trades all long the week I have 2 questions about your first trade on EA long, why didn't you take a sell even that LO H1 opening candle broke FO H1 blue candle low ? Second is on last EA trade long, you took the trade before the LO candle broke the FO H1 high candle , what made you take an aggressive entry knowing that FO candle might not be broken? What am struggling at is when LO is valid to be taken at the get go on the open and when not and wait LO +...
Q2. Price made a low and then 2 higher lows during the Asian session, followed by another low, creating a possible reversal formation, which did occur.....this time with 3 higher lows, followed by a long bodied Frankfurt candle. The trend from Thursday was also long and I was looking for a continuation of that trend, confirmed by the higher lows. Base on that information, I did not wait for a break above the Frankfurt candle to enter.
