Disliked{quote} What do you mean by volatility? If there is weak price momentum, but strong volatility TMS stops working. Also, is the Heikan Ashi price bar action/momentum better or worse than raw candlestick price bar action/momentum? I understand that the purpose of Heikan Ashi is to reduce the noise from raw candlesticks, but it seems like raw candlesticks would give you a better feel for the actual happenings of market (and also lead you astray due to noise).Ignored
A very notably member posted that to quote or re-quote BigE's post is a big No,NO.
So it will be something like this:
Tremulous
To give a little guides do the following:
Place only one order at a time accordingly to Post#647
Exit rules are simple. Exit when green goes flat, hook or check mark
(So you have to ask him to guide you to the right place's in this forum where the entry and exit rules are with out using post's number's or to re-quote Big'E.)
or
Your trading history I do not know. The only advice I can give you is download BigE full en TDI Cross.pdf. Use the indicators that BigE said you must use. Study and learn on your own. Open a live micro account where you can use 0.01 lot size and start to trade live. (Use XM and the Base Currency: ZAR ( $1 is ZAR R13.17) Place one order only according to post#647 when the TDI cross indicate a possible trade can be made. Pay attention to exit rules: green flat, hook, check mark.
Learn from your mistakes and do not repeat them. Build up your confidence by that one order at a time. Later when you understand TMS and post#647, you can increase the lot size and even later move over to a full lot size's account. Post#647 is the most important post in this whole thread full of junk.
Post#647 is what member's call Price Action which can make you or break you as an trader.
or
Reading your post's show that you have been trading for a while.
Heiken Ashi(HA)
BigE used the HA to reduce stress and cut market noise out. HA can be removed, to apply Price Action correctly a trader has to see the full body and wick's correctly.
The body of HA is significant for it convey the total of buyers and seller's at that point in the bar.
Wick's show the strength of the sellers or buyer's.
- No wick at top indicate that sellers are dominate.
- No wick at bottom indicate that buyers are in control.
5EMA
Is not really used by BigE in the later stage in the development of TMS and can for that reason be removed.
Stochastic
Stochastic is only used to confirm the direction and also been removed by members.
TDI.
It use RSI as base of calculation. Green derive's calculation based on RSI and Red the same from Green. When green cross red the following must be adhere to:
- At what level did the cross occurred - 32 / 50 / 69. The closer the cross is to the outer limit 32 / 69 the more likelihood of a revise may occur
- The angle of green is closely link to moment and to make it understandably a clock is used. 12 / 2 and 4 / 6. The slope (angle) of green indicates momentum so steeper the angle (closer to 12 or 6 the stronger the moment.) No trade to be made between 2 / 4. 2 / 4 normally occurs when the market is in consolidation.
In general:
Not every cross is a profitable cross. The cross only indicate that a trade is possible. You have to use post647 (price action) to validate the placement of a trade. Post#647 can be explained in detail. In that it self is problematic. How I see support / resitance will most probley be diffrant from how you understand them. the same can be said about candle's, wick, and candle pattern's
Apologies to you Tremulos I did not mean any harm to you in venting some anger about a stupid post made by a member.
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