I took a sell. I don't know why that market when the other why after a number of divergence, Could someone help explain why the bulls where so furious. Regards, Festus. {image}
- #62,002
- Oct 23, 2015 1:14pm Oct 23, 2015 1:14pm
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
Risiko birgt immer auch die Chance.
I took a sell. I don't know why that market when the other why after a number of divergence, Could someone help explain why the bulls where so furious. Regards, Festus. {image}
just my opinion and sorry for poor English
- #62,006
- Edited 9:55pm Oct 23, 2015 8:14pm | Edited 9:55pm
{quote} I shall keep that in note my friend, I truly appreciate your insightful post. I should have observed the asia ranging time.. By the way, your English is quite good. Do you mind you share your indicator and template for this particular post. I could see PA and MA more clearly from your template. Thanks Regards, Festus
Don't get excited and take trades solely based on TDI/RSI divergences. Take trades based on the TMS strategy's rules. From what I can see, you got trigger happy and tried to get in a bit early because you "spotted" a divergence on the TDI/RSI where you should have just waited for the Stochastics to point into your direction first.
Also, where is your Synergy Pro Price Action Channel (or 5 EMA line)?
That aside, one thing I do like about your chart is you're still staying close to the original Trading Made Simple template the way Big E taught it (apart from your missing Price Action Channel or 5 EMA line). What's causing a major learning curve for new Trading Made Simple traders is this thread has not stayed true to Big E's teachings. It's a mess! We've got charts with zillions of other indicators here, lines there, people talking about fractals and other shit. Where's the "Simple" in that?
I'm glad your charts are still keeping things simple
Please see below.
Let me know if you need more help.
- #62,008
- Oct 23, 2015 9:17pm Oct 23, 2015 9:17pm
- Joined Nov 2008 | Status: Trader | 50,190 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #62,009
- Oct 23, 2015 9:35pm Oct 23, 2015 9:35pm
- Joined Nov 2008 | Status: Trader | 50,190 Posts
{quote} Very simple. You look at my chart, the candle after the BEOB was still running and the BEOB had closed. The 2 TDIs are from this thread and that is the actual screen captured. It is clear that both the TDI Green lines are showing different. I will refresh the chart later at end of day and post the chart update.
GBPSD USD H4 charts - TDI Red Green and TDI RT compare:
Here is the same GU H4 chart screen shot at the NY close hour.
Chart A is realtime without refreshing the chart.
Chart B is after the chart had been refreshed, both the TDI looks exactly the same.
Note: when you change the TF on your MT and make screen shot of your trade in different TF , all the indicators data will be recalculated hence the chart will be refreshed.
Here I am comparing the two version of the TDI posted in this thread.
1st is the TDI Red Green posted by our late OP eelfranz.
2nd is the TDI RT (realtime) by X-man from the TMS H1 thread.
The question some may ask is what is the purpose of this comparison and what is the impact in your trading. I shall leave these to your own persona experience and that you will make your own conclusion on which TDI version you want to use when you are trading live market.
I use the realtime non-repainting version and I always look at the Price Action first and then the TDI second. It is better to wait for every price candle to close when we make trade setup decision. When I use the TMS Monitor dashboard, I also use the realtime non-painting version for its data to generate the dashboard. This is to ensure consistent use of the same TDI version in all my trading.
There are several other TDI version and you can download them from the thread attachment. But I would test them in live market and then do the refreshing to see what their differences are.
For those who use the Synergy_Pro_TDI, you will not have the repainting issue because it is running in realtime with live market price data. Also if your are creating the TDI with Fozzy-RSI (using moving average on the RSI data) on any trading platform, you will not have the repainting issue because the standard RSI and moving averages are also running realtime and does not re-paint.
Have a Good Weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #62,010
- Oct 23, 2015 9:39pm Oct 23, 2015 9:39pm
- Joined Nov 2008 | Status: Trader | 50,190 Posts
{quote} You forgot about the Stochastic's direction. Remember what Big E said, take the trade when the Stochastic and the TDI is pointing in the same direction. Don't get excited and take trades solely based on TDI/RSI divergences. Take trades based on the TMS strategy's rules. From what I can see, you got trigger happy and tried to get in a bit early because you "spotted" a divergence on the TDI/RSI where you should have just waited for the Stochastics to point into your direction first. Also, where is your Synergy Pro Price Action Channel (or...
excellent post. I am so happy we get such post to remind us of the 5-Method which must be the core of our technical trading.
We have seen several TDI trading system thread in FF, all adding other indicators in sub-window and onto their price chart. These threads have no more activity after some time.
Here, we keep it simple, stay with the core.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #62,014
- Oct 24, 2015 4:38am Oct 24, 2015 4:38am
- Joined Nov 2008 | Status: Trader | 50,190 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{quote} I shall keep that in note my friend, I truly appreciate your insightful post. I should have observed the asia ranging time.. By the way, your English is quite good. Do you mind you share your indicator and template for this particular post. I could see PA and MA more clearly from your template. Thanks Regards, Festus
after install, check tdi settings as pointed Emm in post above
{quote} Thank you very much for the template and indicator my friend, but some things are still missing, the BRN indicator and also the Angleator or something. Regards, Festus
settings for this version
- #62,019
- Edited 8:42am Oct 24, 2015 7:19am | Edited 8:42am
{quote} You forgot about .................... Let me know if you need more help. {image} {image}
. R u still using the same template as mentioned in the first page. What is your success rate? Some traders are of opine that the markets have changed since then and that means a "change" is imperative in the template as well? What's your take on it? Can a trader be successful in the today's rapidly changing markets by using the same template, as was used by BigE?Regards.
Winners Never Quit, Quitters Never Win
