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  • #70,241
  • Jul 19, 2016 2:14pm Jul 19, 2016 2:14pm
Quoting ZeF
{quote} Good point you bring up which very few people seem to talk about around here. I am cutting losses fast as well, when I see that my trade isn't taking off within the first 3-4 hours, on a great setup which I decided to enter, along with overall trend. I'll close that trade, whether it's 2 pips in profit or 10 in loss, i don't care. Now to expect your trade not to go into negative is very dangerous and it rarely happens in practice. Also, being a "cut losses fast" type trader and abusing this mentality, it means every time the trade goes below...
excellent response.
It's in fear when people show what they truly value.
  • #70,242
  • Jul 19, 2016 2:58pm Jul 19, 2016 2:58pm
Quoting emmanuel7788
{quote} Hi Plutodev, Here are some old posts which will help you test and decide on the TDI. Traders Dynamic Index description: Post#18,264 Post#24,705 If you want to trade the way Big E described in Post#1, make sure you use his template , the Synergy APB / HA candles and use that TDI Red Green version. These are in Post#25....
Emmanuel,

Is there an advantage of using the TDI Realtime with Synergy Pro settings (10,5,34,3,1,7,0) versus using the Synergy TDI?

Do you use the same settings in your TMS monitor?

Thanks
Successful people do what unsuccessful people are not willing to do
  • #70,243
  • Jul 19, 2016 3:54pm Jul 19, 2016 3:54pm
todays trades. just about 15min. analysis and watched a few times to see if the trades were heading the right way.
Attached Image (click to enlarge)
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  • #70,244
  • Jul 19, 2016 6:57pm Jul 19, 2016 6:57pm
I think I found a good entry for AUD/USD in H4 for Asian session. Hopefully, it ends well :nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDmH4.png Size: 43 KB
Trade What You See NOT What You Expect
  • #70,245
  • Jul 19, 2016 7:30pm Jul 19, 2016 7:30pm
Quoting arwinkim
I think I found a good entry for AUD/USD in H4 for Asian session. Hopefully, it ends well :nerd: {image}

you entry looks okay on H4, but there were strong selling yesterday and can be the risk today for 4H swing trade buyers.
anyway, you can manage this for some pips ... grab and run for such kind of situation.

usually for such reversal trading, the higher probability setup would be to look for those 5-bars reversal setups which is against the recent 'trend'.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,246
  • Jul 19, 2016 7:39pm Jul 19, 2016 7:39pm
Quoting TampaFX
{quote} Emmanuel, Is there an advantage of using the TDI Realtime with Synergy Pro settings (10,5,34,3,1,7,0) versus using the Synergy TDI? Do you use the same settings in your TMS monitor? Thanks

Hi,

we should not compare and look for advantage(s) between them.
rather we see what each one does to show us to confirm the real price action what we see.

what Synergy TDI setting do you have?
that model went through a few changes during the past years such that some traders got confused.

in the TMS 5-Method, it started with the original Traders Dynamic Index in 2006 version which Big E adapted and later became the TDI Red Green.
later versions of the Traders Dynamic Index were changed to become realtime, why?

best thing to do is the forward test the version you want to use and write your own trading rules based on the version you chose.
the difference is in the use of Typical Price = 5 and not the Close=0 for the RSI data.

The TMS Monitor was written to use the TDI Red Green version. So you can either chose that or another version.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,247
  • Jul 19, 2016 7:45pm Jul 19, 2016 7:45pm
Quoting emmanuel7788
USDCAD Week 29 H4 weekly is sideways, another difficult situation o trade when the price action is near BRN 1.3000 with big and small candles. it can go either way once there are sufficient orders to fill. {image}
USDCAD H4 Jul 19 H4 eventually did work with a breakout to the upside.
there was some play with previous resistance and BRN.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 29 Jul 19 Support n Resistance.png Size: 64 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,248
  • Jul 19, 2016 7:52pm Jul 19, 2016 7:52pm
Quoting emmanuel7788
EURGBP Week 29 Jul 19 H4 setup in consolidation market with narrowing range not to trade such setups until there is clear breakout into a trend. {image}

EURGBP Jul 20 H4 update:
yesterday was a struggle as it approach that WRB High resistance and the BRN.
and also with both majors - EURUSD and GBPUSD moving is same direction, it wasn't easy for any EG move higher.
we shall see what happens this week with both the majors and whether there will be a breakout of EG

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 29 Jul 20 update.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,249
  • Jul 19, 2016 8:08pm Jul 19, 2016 8:08pm
TMS Monitor- Daily snapshot
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Click to Enlarge Name: Screenshot2.png Size: 29 KB
  • #70,250
  • Jul 19, 2016 9:57pm Jul 19, 2016 9:57pm
Quoting emmanuel7788
{quote} you entry looks okay on H4, but there were strong selling yesterday and can be the risk today for 4H swing trade buyers. anyway, you can manage this for some pips ... grab and run for such kind of situation. usually for such reversal trading, the higher probability setup would be to look for those 5-bars reversal setups which is against the recent 'trend'.
Thank you so much. You're right. I didn't pay attention on its trend so it was just retracement. Already closed it when I saw the green TDI going flat. Glad, I traded it with demo account. I still need to learn this strategy a lot. Please keep kindly guide us if we make mistakes
Trade What You See NOT What You Expect
  • #70,251
  • Jul 19, 2016 11:12pm Jul 19, 2016 11:12pm
Greetings Emmanuel

History suggest mid week reversal can occur Tue-Wed. Obviously higher time frames indicate otherwise.

If i reference from Swing High/Low Price Action Template (attached), my analysis is based on today's EU H1 chart, if candle 5 closes above EMA (white dotted line) we have potential for mid week reversal as swing low has been formed?

Appreciate your feedback.
Attached Image (click to enlarge)
Click to Enlarge Name: EU H1- potential swing low 20-7-16.JPG Size: 131 KB
Attached File(s)
File Type: pdf Swing High - Swing Low Price Action.pdf   112 KB | 489 downloads
  • #70,252
  • Jul 20, 2016 12:36am Jul 20, 2016 12:36am
Quoting caah
Greetings Emmanuel History suggest mid week reversal can occur Tue-Wed. Obviously higher time frames indicate otherwise. If i reference from Swing High/Low Price Action Template (attached), my analysis is based on today's EU H1 chart, if candle 5 closes above EMA (white dotted line) we have potential for mid week reversal as swing low has been formed? Appreciate your feedback. {image} {image}
Hi,

Look at the D1 chart, it looks sideways but to the downside.
Any 5-bars reversal would be better if seen on H4.
H1 is just too many small candles, it can be too noisy to make decision.

On H1, it is also sideways after that big move down to the BRN 1.1000.

See my chart with comments.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 29 H1 Jul 20 view.png Size: 48 KB


Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,253
  • Jul 20, 2016 12:48am Jul 20, 2016 12:48am
Quoting arwinkim
{quote} Thank you so much. You're right. I didn't pay attention on its trend so it was just retracement. Already closed it when I saw the green TDI going flat. Glad, I traded it with demo account. I still need to learn this strategy a lot. Please keep kindly guide us if we make mistakes

not that we make mistakes in the way we view our charts.
sometimes these sort of setups do work out with small profits when there is corrective moves.
we just need to manage our risk per trade and know when to pull out quickly the way Big E would do.

how we interpret post#647 is very important and that will help us pick only the best setups like Big E did.

I saw you have your SL below the previous 2 weeks low, that has room in case the market goes sideways and you can possibly breakeven your trade entry.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,254
  • Jul 20, 2016 1:13am Jul 20, 2016 1:13am
GBPAUD Week 29 Jul 20 H4

impending next big move.. but direction is not so clear on H4.
anyone want to make a technical guess using MN and W1 charts?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 29 H4 Jul 20 potential big move.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,255
  • Edited 3:02am Jul 20, 2016 2:32am | Edited 3:02am
oh and one thing i need to say, about newer versions of tdi apparently not repainting (im talking about synergy, tdi real time clone etc)


they bloody well do repaint.
If you get a bearish APB and the candle closes and tdi is at around a 4 o' clock or 5 o'clock angle and has crossed the red line IF on the next bar the price just plunges back up near the red APB's high, your TDI will repaint and at BEST your TDI green line will be slightly below the red line running parallel to it.

the image below is an example of this, believe it or not after price closed on the circled price bar it was a strong tdi cross with great angle, the next bar immediately reversed and altered the appearance of the tdi drastically. someone trying to "backtest" is unlikely to class this as a TDI cross when going through charts ...and that is why i don't see how backtesting can be all that reliable.

in terms of momentum, the apb highlighted didn't have the strongest momentum but i've seen this happen on stronger abp's too.

be warned lol, newer TDI's do repaint. they repaint far less that Big E's one but in certain circumstances they do repaint.
stochs repainted as well, it was below 80 on the tdi cross
Attached Image (click to enlarge)
Click to Enlarge Name: tdirepaint.png Size: 21 KB
  • #70,256
  • Jul 20, 2016 2:46am Jul 20, 2016 2:46am
Quoting Rims
todays trades. just about 15min. analysis and watched a few times to see if the trades were heading the right way. {image}
​What is your Broker time?
  • #70,257
  • Jul 20, 2016 3:30am Jul 20, 2016 3:30am
Quoting arwinkim
I think I found a good entry for AUD/USD in H4 for Asian session. Hopefully, it ends well :nerd: {image}
I have position for AUD/USD as well for position trading on D1 chart, I am looking at 0.7326 as my TP, but there are many risks on D1 chart such as 50EMA and 200EMA as dynamic support and the previous swing high to the left of D1 chart. Let's see
  • #70,258
  • Jul 20, 2016 5:27am Jul 20, 2016 5:27am
Somone PMs to share my templte and indicators. All indicators have been shared here.
This is my template. also adding the used indicators.
Attached File(s)
File Type: zip Indicators.zip   128 KB | 645 downloads
File Type: tpl 1_MY TEMPLATE.tpl   63 KB | 479 downloads
  • #70,259
  • Jul 20, 2016 5:38am Jul 20, 2016 5:38am
Quoting Rims
Somone PMs to share my templte and indicators. All indicators have been shared here. This is my template. also adding the used indicators. {file} {file}
thanks a lot
  • #70,260
  • Jul 20, 2016 5:53am Jul 20, 2016 5:53am
Cannot see any ongoing setups happening except in EURCAD. While it's a weak one, it is a setup nevertheless:
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH4_15_20.07.png Size: 75 KB
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