Trading Made Simple

use ADR 64 days like the 'pros'

it is 211 to 246 pips, just take 40% on intraday trading.

A very strong Week close so we trade following the Weekly.
There was a consolidation seen with the H1 Master Candle MC , price broke the MC Low support but the BRN reaction is quite normal we see all the time.
In low TF, it is all market noise which creates a lot of fear and greed.
And remember the TIMING ... market session opening, market session closing,... what do traders do?

Look at NZDUSD Day chart as example, it 'bounce' at 0.6500. But the big picture is bearish.

This is why trading with the price action channel could be useful, I should not have taken this trade if I took the Price action channel into consideration.

Another exerpt from Doug Zalesky's 25-point mantra.

"Markets rewards disciplined traders"

There it is. The most important word for becoming a consistently profitable trader. Discipline. I stated yesterday that I consider myself as a stage 2 trader and I'm trying to reach stage 3.

"Towards the end of stage two you begin to realise that it's not the system that is making the difference. you realise that its actually possible to make money with a simple moving average and nothing else IF you can get your head and money management right. You start to read books on the psychology of trading and identify with the characters portrayed in those books. Finally comes the Eureka moment. ... you suddenly realise that niehter you nor anyong else can accurately predict what the market will do in the next ten seconds never mind the next 20 mins. You start to work just one system that you mould to your own way of trading, you're starting to get happy and you define your risk threshold. You start to take very trade that your 'edge' shows has a good probability of winning with. ...

You have realised in an instant that the trading game is about one thing - consistency of your 'edge' and your discipline to take all the trades no matter what." (Ref.: Soultrader)

So what is my 'edge': TMS is my system and contains the 'edge' we need to become a consistently profitable trader. A good number of traders show that this is the case.

Second, what is this discipline to take all the trades no matter what. Herein lies the tricky part I think. Over time traders have taken the edge in Big E's system and moulded this to their own way of trading. As a result, the great TMS thread has a multitude of 'rules'. Yes, they can be reduced to something like Cross, Close, Colour Change, Channel Cross but is this really still an 'edge'? If we take all signals that have these conditions chances are we won't have a profitable trading system. Different traders have moved this edge to different timeframes and all of them still have 'edge' by following something consistently.

But how do we measure consistency? Being consistent implies you do the same thing over and over. You follow rules. This way we can look back and check: "Have I been consistently following my 'edge'? And how does discretion fit in this concept? TMS is a rule-based distretionary system. So the discretion makes it a lot harder to measure consistency.

It is clear that in my journey to stage 3 I will need rules to measure consistency. Discretion comes from "knowledge, experience and confidence'. I am comitted to write down clear cut rules that will limit myself in a limitless market where we can do all that we want essentially. Once my rules are in place, I will need the discipline to follow them over a long enough period.

As a setup, I have been looking at the following:

Away from DOL
Away from WOL
Away from EMA's (~Guppies are about 10EMA on Daily)
(Preferably EMA's widening => Trending Market Type)
30M/1H Cross
In the direction of the 4H TDI

I need to do more backtesting. I have done some and it does give some nice trades. Obviously there is still losers. Divergence is something that can perhaps filter out more bad trades. Essentially my rules are filters. I am concerned that I'm filtering too much. I will be in the market a lot less. But if this turns out to work then nothing stops me later on from adding another kind of setup to my toolbox. I think especially when my Guppies are narrowing or very close together and we are in more of a ranging market the WOL line is very stringent.

Apologies for the wall of text . Starting writing this last night and finished it now. Have a good day of trading ppl!

Hi Stefan,

as is the case with so many things in life... we are facing a trade-off.

The PAC is essentially a trade-off (atleast in my eyes). It keeps you out of some bad trades but it can also keep you out of some good trades. If you notice that you are jumping at every cross there is, perhaps the PAC is better to use as training wheels for now.

Best,

Hi all,

this is my first post on FF. I discovered this thread some weeks ago after trying for 2 years to follow the rules of some complicated trading systems including automated systems, which needed all power available on my computer.... without any repeatable success.

Unfortunately I am on MT 5, and TDI is not available. Since TDI is a combination of instruments, I have tried to analyze the TDI.mq4 file available in some posts here, but I am not familiar with mt4 programming, which is somewhat different from mt5. Could you please help me with the setup?

This is what I have understood so far:

Main window
- HA, EMA 5 @ typical price HLC/3, shift +2 or +3

TDI-Window
- Green line: RSI 13 @ typical price HLC/3 -- any additional smoothing??
- Red line: EMA 5 on green line /RSI??

Is that correct? It looks like the green line is smoothed also?

I would appreciate any help very much.

Yes I am planning to get rid of all these junk that is on my chart, after I have mastered this method, I only want to have the 5 ema, TDI and Stoch on my chart eventually.

Originally posted by Emmanuel7788:

Re-creating the TDI using the RSI on your platform is good. The RSI is a realtime indicator and will update on every price tick hence you will not have any repaintng and lagging TDI as in some versions of the MT4 TDI. You can replicate the Synery_Pro TDI by changing the RSI parameters as follows:
RSI set to period 10, Typical Price.
TDI Green set to 3 Exponential MA of the RSI(10)
TDI Red set to 7 Simple MA of the RSI(10)
TDI Yellow set to 34Simple MA

Best,

I'm quite happy that I managed to recover from my drawdown suffered last week.

Unfortunatly.. I kinda broke my rules already

Yesterday finished very bullish and DOL was above but I was convinced with a strong hidden divergence. So all in all I think it qualifies

Scaled out with +10 +23 pips

Best,

GBPJPY

Sell after breaking Asian range and trading away from DOL - WOL - EMA's.

Closed this one too early but I'm glad to take the pips.

+36

Thank you very much... I will try these settings

Guys, do you still follow this rule of Big E?

-We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter...

Thanks!

Is it used by the institution only or is it available for sale within reached of common folks?

Yes. That's is Rule#2.

But only after Rule#1, is the 'basic 4x things' checklist as he mentioned in Post#647.

Remember the importance: Post#3142.
#1 is the PA
#2 is the TDI for confirmation.

it is available free in every trading platform.

just few post above by tibovwh

http://www.forexfactory.com/showthre...64#post8607264

it is the RSI.

This week the market is like this ...

http://www.forexfactory.com/showthre...76#post4581476



the 3 amigos are going in different directions.

AU - Up
EU & GU Down

the sooner you get rid of all those colourful stuff on your charts, especially those big colour circles, ... your trading decision would be much simpler and easier and that will show in your trading results.

Thanks Emmanuel for the good laugh and oonfirming the market condition. I tot' it was because of my lack of knowledge at this stage. Scanning every chart till my eyes balled out and can't seem to find a good setup.

This is TDI Red Green created using the platform's RSI and applying Moving Average to the RSI data done by the professionals.
It is running realtime updating on every price tick on your platform and no repainting of your history charts. You do not need any amateurish programmer to provide your their colourful work on this TDI just to impress you. Everything you need to trade are on your price chart. Do you see the support and resistance? and know when to pick the 80% winners like Big E.

Great advice Emmanuel, you are 100% correct I got rid of it.