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Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

  • #78,401
  • Apr 3, 2017 5:52pm Apr 3, 2017 5:52pm
Quoting Dimi.A
{quote} We are currently in the process of developing this. It will be free so sign up and keep an eye on this thread for full specs and a release date (next few weeks). A must-have tool for fellow TMS traders. {image}


Nice Dimi.A

I love those 'floating displays' on chart where I can drag and drop them to where I want on my chart screen.

Good job

and also mladen is one of best in our coders world.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,402
  • Apr 3, 2017 5:53pm Apr 3, 2017 5:53pm
Quoting v2vboni
Hello guys.... An optional modified TDI versions can now be access on this thread >>> here kindest regards, v2v

Nice job!

You found a new home too ....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,403
  • Apr 3, 2017 5:56pm Apr 3, 2017 5:56pm
Quoting eelfranz
I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time. My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all trades at that...

Who says TMS is scalping and not trend trading?

What do you understand by his post 11?
" Even if I scalp the market I use 4hr charts with success..."

When he was not scalping, he was trend trading the swing which he believed to run 3 to 8 candles.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 11.png Size: 139 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,404
  • Apr 3, 2017 6:00pm Apr 3, 2017 6:00pm
Quoting stevepatt
{quote} Hi zMinga, Sometimes you have to think outside the box to make things work consistently. I find the TDI Oscillator far more effective when applied to the Chart as MAs rather than below it as an Oscillator. The Red TDI line is equal to a 7 Simple Moving Average Applied to the Close The Green TDI Line is equal to a 2 Simple Moving Average Applied to the Close The PAC is replaced with a 5 Exponential Moving Average. Apply a 42 SMA (RED) to a H4 Chart this is equal to a 7 SMA (RED) on a D1 Chart Apply a 12 SMA (GREEN) to a H4 Chart this is equal...

Thanks Steve,

I LIKE

Very clear explanation how to get rid of that TDI in sub-window and replicate that with moving averages on the price chart.
I love innovation.

Thanks for sharing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,405
  • Apr 3, 2017 6:05pm Apr 3, 2017 6:05pm
Today April 4,

look to sell AJ, UJ and EJ...

The TDI is useless on higher TF like Weekly and Monthly when you rely on trading the cross and trade with fix lot size with small stops.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,406
  • Apr 3, 2017 6:14pm Apr 3, 2017 6:14pm
Quoting emmanuel7788
EURAUD Apr 3 H1 trade Price Action + Divergence + TDI confirmation/bounce + Stochastics bounce {image}

This trade closed with small loss.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 14 Apr 3 H1 trade closed loss.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,407
  • Apr 4, 2017 12:11am Apr 4, 2017 12:11am
Quoting emmanuel7788
{quote} {quote} Please Read Big E posts from Jan to Jun 2011 where he has attached charts and trades. After you have read those posts and taken notes, you will most likely find out the 3rd pre-condition for my back-testing using the PAC as the filter for CONSERVATIVE trade entries. If you don't find your answer, the ask me again.
Hello Emmanuel,

I've done some testing with the PAC-Channel and it seems to be valuable to my trading. Where can I find the older Post from BigE? In this Thread I don't find Posts before April 2011, are they in the Stochastic-Thread?
What do you mean with the 2nd condition? Is it the slope of the PAC? I've discovered some things like when a break of the PAC it will be nice when the red TDI will look into the same direction as confirmation for the trend, also SR-Zones in the near would ne necessary, shouldn't be near by the entry.
I've done some trailing behind the end of the heiken ashi, would also imrpove it like the exit when heiken ashi changes the color.

regards
Thorsten
  • #78,408
  • Apr 4, 2017 12:12am Apr 4, 2017 12:12am
Quoting emmanuel7788
Today April 4, look to sell AJ, UJ and EJ... The TDI is useless on higher TF like Weekly and Monthly when you rely on trading the cross and trade with fix lot size with small stops.

I dont think so. Sure you have to adapt to the hiher TF your stop, but basicly ist the same like the lower timeframes. As the TDI reacts to Priceaction its logical. The PA Patterns are the same, on all timeframes.


Which timeframe you suggest to sell AJ UJ EJ? UJ looks like retrace up on 4 H.
Newbies be warned of emmanuel7788. Hes not true.
  • #78,409
  • Apr 4, 2017 12:48am Apr 4, 2017 12:48am
Quoting emmanuel7788
{quote} Nice job! You found a new home too ....
...hehehe, just giving credits to mladen and et al ... without them, boosting old indicators or producing new ones, I won't be able to have my own modified version of TDIs. And I'm waiting for Dimi's coined ideas with the masters and soon will be available first at FS.... I can't wait to use it!

... anyway here was my GU trade, short entry on TDI crossed.
Attached Image (click to enlarge)
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #78,410
  • Apr 4, 2017 12:51am Apr 4, 2017 12:51am
Quoting v2vboni
Hello guys.... An optional modified TDI versions can now be access on this thread >>> here kindest regards, v2v
Lovely work bro.
  • #78,411
  • Apr 4, 2017 1:31am Apr 4, 2017 1:31am
Quoting v2vboni
{quote} ...hehehe, just giving credits to mladen and et al ... without them, boosting old indicators or producing new ones, I won't be able to have my own modified version of TDIs. And I'm waiting for Dimi's coined ideas with the masters and soon will be available first at FS.... I can't wait to use it! ... anyway here was my GU trade, short entry on TDI crossed. {image}
When you took the Trade where you aware of Market Structure?

Or where you just Trading the cross of the TDI?
Attached Image (click to enlarge)
Click to Enlarge Name: 4th April 17 GBP:USD H4 Observations.png Size: 121 KB
  • #78,412
  • Edited 1:58am Apr 4, 2017 1:43am | Edited 1:58am
Quoting stevepatt
{quote} When you took the Trade where you aware of Market Structure? Or where you just Trading the cross of the TDI? {image}
yes steve, thanks for calling out my trade for more info.

...other than those narratives that you've shared, there was a price movement coming up that looks like a Feathered Serpent of a pyramid in Teotihuacan, Mexico... (in reverse). After which, a price exhaustion happened that eventually respected my brokers daily open line together with TDI crossed & HA PA with extra confluence from an haDelta indicator ...re-coded at FS but originally by Mr. Dan Valcu
Attached Image
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #78,413
  • Apr 4, 2017 2:03am Apr 4, 2017 2:03am
Quoting v2vboni
{quote} Yes steve, other than those narratives that you've shared, there was a price movement coming up that looks like a Feathered Serpent of a pyramid in Teotihuacan, Mexico... then price exhaustion happened which respected my brokers daily open line. {image}
Hi Vboni,

We can see a Level of Selling kick in at 1.25500 Half Number this creates the Break in Bullish Market Structure (LL)

We then get a PullBack to the 1.25500 Half Number and failure, yesterday, to Break Friday's High (Two Inside Candles)

So what emphasis do you place on the TDI crossing?

I'm only asking because I want to know how relevant the TDI is to making Trade Decisions.
Attached Image (click to enlarge)
Click to Enlarge Name: 4th April 17 GBP:USD H4 Observations 2.png Size: 103 KB
  • #78,414
  • Edited 2:55am Apr 4, 2017 2:12am | Edited 2:55am
Quoting stevepatt
{quote} Hi Vboni, We can see a Level of Selling kick in at 1.25500 Half Number this creates the Break in Bullish Market Structure (LL) We then get a PullBack to the 1.25500 Half Number and failure, yesterday, to Break Friday's High (Two Inside Candles) So what emphasis do you place on the TDI crossing? I'm only asking because I want to know how relevant the TDI is to making Trade Decisions. {image}
hi steve... I have lots of templates before I decided to trade. I also look on to those BRN price level, even without putting indicators

... I also monitor current currency (+/-)correlations), I then check the currency power meter based on the power of 3.... meaning whenever I switch from time-frame (on chart H4 TF) the power is getting calculated in 12 hours (divisible by 3). While currency correlations looks for pairs with the highest percentage correlation against a particular pair I am trading with. Usually starts with 70% up to 95% (+/-) correlation ---all of which... is just for me to check/verify the current trend direction.. It also gives me an extra hindsight/relevance of divergence/convergence price build-up ---a good way to identify a strong indication for you to see a strong S&D that helps you to come up with informed decision of who is in control, Buyers or Sellers.

TDI is relevant as an extra confluence. I am not just entering to a trade by just waiting for TDI crosses only. I even use COT reports analysis and come up with my own formula while looking at weeks or days of strong correlation in order for me to have my own weekly (or bi-weekly) currency bias, like buying on dips or selling on peaks.

...when it comes to TDI as indicator, there were lots of method, like Big E's TMS 5 or the usual trading rules by Dean Malone, clock-face rule, Griffinsouls TMS MTF Angleator which I just simply added, instantaneous angles algo plus cosmetics (like colors, extra level info, show MTF angles, TDI digital clock and slope & bounce value ...with alerts) on it.

The above narratives simply looks a lot to some traders as I also have a quick look to check/verify strong S&R with PA (inside bar, engulfing bar, pin bar... etc.), Heiken Ashi APB PA, or some sort of Trend Channel, patterns (flag/pennat, wedge...) ...etc.

It is truly lot of things... but it would take at least 5 minutes to do or maybe just a little more only... but I am still trying to learn and improve continuously... There's a lot of room for improvement on traders psychological standpoint or more importantly at the time or after a trade entry... like your perceive targets or levels, lot sizing or position sizing (I created PipShow indicator for that)... etc.
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #78,415
  • Apr 4, 2017 2:29am Apr 4, 2017 2:29am
Quoting v2vboni
{quote} hi steve... I have lots of templates before I decided to trade. I also look on to those BRN price level, even without putting indicators ... I also monitor current currency (+/-)correlations), I then check the currency power meter based on the power of 3.... meaning whenever I switch from time-frame (on chart H4 TF) the power is getting calculated in 12 hours (divisible by 3). While currency correlations looks for pairs the highest percentage correlation with my pairs I am trading with. Usually starts with 70% up to 95% (+/-) correlation....

Hi Vboni,

So the TDI is a small part of your over all analysis.

Everyone needs to understand where you are coming from when you say the TDI is relevant as an extra confluence but not as the complete picture.

As long as every new Trader realises this the TDI can play its part in building a bigger picture.
  • #78,416
  • Apr 4, 2017 3:06am Apr 4, 2017 3:06am
Quoting stevepatt
{quote} Hi Vboni, So the TDI is a small part of your over all analysis. Everyone needs to understand where you are coming from when you say the TDI is relevant as an extra confluence but not as the complete picture. As long as every new Trader realises this the TDI can play its part in building a bigger picture.

Yes small but have a bigger relevance compare with other indicators... TDI is an indicator with RSI at its core ... it just added some extras ; )- RSI is a commonly use indicator.

"As long as every new Trader realises this the TDI can play its part in building a bigger picture" -- I totally agree
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #78,417
  • Apr 4, 2017 3:08am Apr 4, 2017 3:08am
USDCAD week 14 Apr 4 D1 trade.

PA seen on D1 candles make higher highs, higher lows, - from the support of the low of that big candle and BRN 1.3300

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 14 Apr 4 D1 trade HH HL.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,418
  • Apr 4, 2017 3:10am Apr 4, 2017 3:10am
Quoting emmanuel7788
{quote} Hi zMinga, Thanks for sharing your trades. You have made a decision to stay one more day and you have your Stop Loss to protect your trading capital. That is a safe way to trade with stop loss and using position sizing. I have also 3 open positions and with average entry price at 1.2492. I planned to stay the next 15 trading days trading this pair. If I get stopped out, I will do re-entry. We wait till NY open and see what the price will be like. See if there will be weekend price gap then make the next decision. Also next week Wednesday...
My 3 open sell positions were now closed with 0.5 ATR100 win.
A new basket has been opened.
Attached Image (click to enlarge)
Click to Enlarge Name: 3meme.PNG Size: 58 KB
  • #78,419
  • Apr 4, 2017 3:32am Apr 4, 2017 3:32am
Quoting stevepatt
{quote} Hi zMinga, Sometimes you have to think outside the box to make things work consistently. I find the TDI Oscillator far more effective when applied to the Chart as MAs rather than below it as an Oscillator. The Red TDI line is equal to a 7 Simple Moving Average Applied to the Close The Green TDI Line is equal to a 2 Simple Moving Average Applied to the Close The PAC is replaced with a 5 Exponential Moving Average. Apply a 42 SMA (RED) to a H4 Chart this is equal to a 7 SMA (RED) on a D1 Chart Apply a 12 SMA (GREEN) to a H4 Chart this is equal...
just thinking outside the box, full TDI OnChart.

bollinger band 34,2 DodgerBlue
34 SMA Yellow
3 MA, Smoothed, Weighted Close (HLCC/4), Green
5 MA, Smoothed, Weighted Close (HLCC/4), Red
Stochastic 8,3,3

H4
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4201744.png Size: 72 KB


H1
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1201744.png Size: 65 KB
"the public is not yet ready for it" W.D. GANN
  • #78,420
  • Apr 4, 2017 3:33am Apr 4, 2017 3:33am
Quoting zMinga
{quote} My 3 open sell positions were now closed with 0.5 ATR100 win. A new basket has been opened. {image}

Nicely done!

I closed one position and re-open new one.
My breakeven level is 1.2468 and I eye 1.2368 as my new TP level and plan to exit all positions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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