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That little triangle was the answer SG! Thanks for pointing it out. Now the only box I have checked in properties is the "chart shift" box. I didn't have the "chart on foreground" checked so that's not the problem....curious though that the trendline won't stick with the TDI on the main chart.
Hey SG.....do you see a way to move the TDI w/Alerts text alert on the main page or to make the font smaller? I am fighting to see candles through the alert labels and when I change the label properties to what I want they immediately change back to scripto's settings or whatever his name was.
Also, I've discovered that any trendline you set on the main chart to the TDI indi in the overlay won't anchor to the indi but as price action changes, so does it's relationship to the annotated trendline. So I'm forced to use a second TDI in a separate window to apply trend lines that will stay in place on the TDI wave tops or bottoms.
Wow SG.......I may not need or opt to add any additional windows on my chart now. I'll play around with other india and overlays but may settle on the simple and clutter free picture I get with just the main chart price action and TDI overlay. I had often thought about putting the TDI over the main chart but was at a loss as to how to do it. Having changed the TDI colors so that they don't interfere or overpower the visual of the price action candles, I'm thrilled with the results! Thanks so much!
You never cease to impress SG! lol So how did you accomplish that feat of charting creativity?
Distracted.......I know these topping and bottoming patterns take time to finish out and your charts look sound. All we can do is hope that the brokers aren't going to continue to raise the price further in the long run by bouncing up and down along that bottom hourly trendline before breaking back up through it again. I'm not thinking so though so I'm still long on U/C here.
We just came within a pip or two of hitting that 88.6 fib line. If price moves below that I think I'm going to give up on it U/C for now.
One more thing......I see U/C price is moving down to the 88.6 fib level on the daily chart of prior larger wave down. I can't post a chart but I've got the fib tool set at the .98341 high and .91270 low on that wave down that began back in May and ended mid June of this year.
Agreed. That'll put price in the daily ADR price line range as well. I'll simply add at the trendline if we see price hit it which I expect we will now.
I know it and that's why I'm not comfy with the latest couple fifteen minute candles.
I was hoping that this latest new hourly candle would simply move up from previous candle close. The stop loss here is fine so I'll stick it out, but I'm not liking the price action in the last 15 minutes or so.
Ok, so I'm on the same page with you. And, I'm liking our odds here myself. Now the challenge for me will be holding long enough to realize the majority of the gains that this trade might offer as price action unfolds before next larger bearish pattern kicks in.
Morning pennies.......I've been following your U/C trade since you began discussing it. I've taken a position here with you now, but I'm just wondering what price would cause the Lowry IHS pattern to be null and void. Anything below the low of the "head" on the pattern which would be .9225 if I'm seeing it correctly?
Well SG......I've eaten and had a chance to reread and study up on your posts and the TDI and have changed all my settings to match your own with the exception of the third line that is dotted and light blue; I'm leaving it unchanged other than going with the 9 parameter change from the 18 default. I like everything else that you've done including changing the RSI levels to the 30/50/70 levels which are unrelated to fib numbers since the RSI level values are unrelated themselves..
Speaking of RSI values or should I say value.......I have an RSI 4,5,6,7,and 8 overlay indi window below my standard compassfx and your newly considered TDI w/Alerts indi. I am finding that the multi-period RSI overlay gives me the earliest and most reliable reliable signal for reversal showing divergence when the TDI doesn't and it helps clarify wave when candle action isn't as obvious.
I get what your saying here at least, and it sounds like a great idea.
Just the same though, I'm going to read that indicators instructions before I get ahead of myself with interpreting it.
I got about half of what you just said SG. LOL The other half I'll work out as I reread your post after making food for the family so I can maybe better digest the specifics of your post as I attempt to digest my dinner. Just curious though......can you rewrite some of the script on that indi to fit your own desires for lines and settings? You know.....like you did for the HA candle where you change chart to separate. If I can copy and paste the script from that indi into the meta editor, then I'm sure you can and make the proper modified TDI indi to suit your own needs.
ALRIGHT! I managed to get it working by copying the content of the indi script file and pasting into a newly created indi using the meta editor. And it loaded just fine. I'm confused but up and going now. Thanks for all your help SG! Now to fix some dinner for the hen and chicks in the family and then read up on how to use this new TDI w Alerts indi, especially as the newly added blue dotted line applies to the interpretation of the indi.
Ok SG......I managed to bring up a separate HA indi window. And I located the "TDI-With Alerts.mq4" indi and right clicked on it then clicked download but received 1 error and 1 warning. Under the Description heading after "Compiling TDI-With Alerts.mq4..." was the error message showing a yellow triangle with a couple either symbols followed by "expression on global scope not allowed and the next line showed a red round symbol and the same two other symbols with "variable not defined". Any recommendations? Thanks so much for locating that post btw! I remember the process now and hopefully won't forget it.
Note: I was able to overlay my compassfx version of the TDI so I'm not totally dead in the water on the desire to overlay HA candles on a TDI, but at a hurdle with the "TDI-With Alerts" indi.
SG.......I just read your second reply and most recent reply and I'm going to see if those instructions will work for me. Fingers crossed.
SG........having read your positive results using the TDI w/alerts and HA overlay on the TDI, I have to ask.....can you post a redirect for a download of either your HA candle indicator or one from a site offering the "apply to precious indicator data" setting? And can you steer me to the same exact TDI w/alerts indicator too? Just copying and pasting the site page addresses might suffice, and if not then maybe specific identification of the exact indi or a download for your copy would be great. I definitely want to spend some time familiarizing myself with both. I hope to find the HA candles take a lot of the guesswork and confusion out for me as it does for you, especially where it comes to accurately interpreting trend continuation versus trend ends and reversals. I'll begin with your settings preferences.
SG........I saw your post and thought I'd give a response to your offer. I'd very much like to see your TDI w/alerts on a chart with comments on what you like about it, if anything, and what your findings are on it as well as how you were able to change parameters to improve trade results or desired outcomes for signals.
I'm also very curious as to how you would interpret HA candle/TDI overlay signals that you mention in the post yesterday. Are you seeing any way to find alerts from that overlay as the HA candles move around the TDI slow, fast and baselines? I can see where the outer bands can give oversold indication when the HA candles move above and outside or below and outside the bands, but that in itself isn't a sure fire reversal indication by itself.
I should mention that I revisted the ZUP_v86 indicator while searching for an HA ind todayi, and had an enlightened moment when I considered that there may be a real advantage to trade off the ZUP indi as a confirmation of other technicals rather than simply based on the ZUP pattern alerts alone. For example, I had a 15 minute pattern show up as price hit a trendline that I was watching earlier this morning and it signaled a confirmation for the bearish reversal which I was looking for at that trendline. So, I'll leave it running all the time but only trade from it as a confirmation indicator to other technicals.
Oh no........I haven't been stung by a wasp since childhood but I'll never forget and I think I can remember each and every time it happened. lol No, I was referring to your trading. LOL
Patience and fear of missing out on profits is still my worse obstacle. I seem to trade one good trade for a bad one simply maintaining the same balance for days. Glad to hear your ironing out wrinkles a bit.
It sounds like you're doing it right with annotating charts on the half dozen pairs with lines of support and resistance on multiple time frames. I guess I just need to sit down and do the same. Good for you though!
Hey jav......how goes the battle? I hope you're pleased with your profit progress as a trader. I can't say that I am all that pleased with my own progress, but I can say that some things are finally clicking for me that didn't before now that I've stepped back to take a look at the charts without the pressure of meeting daily and weekly profit goals. I wish I had some kind of a sixth sense or something that enabled me to trade far more effectively with greater risk.
Well SG......been busy getting some things done considering it's Sunday and supposedly a day of rest. I'm glad to be free now to spend some time with the charts finally. I remember overlaying the HA candles over indicators in the past but sure don't remember applying them to the TDI and none of my HA indicators allow for "Apply to previous indicator data:" so I'm going to have to search for one if I'm going to pursue the overlay. Looking at your chart, I'm thinking it's worth my time to find one though. I can see obvious divergences in an instant now without comparing the main chart with the lower indi window. I'm wondering if there is a way to apply the TDI base line to the HA candles to find price reversals that are high odds. The HA candles do appear to show support and resistance off the TDI baseline....
I'm sure glad you took the time to learn the steps in posting charts using the ihub method. I know it's hard for us old dogs to learn new tricks but I'll always be a puppy in maturity level if not at heart and we aren't over the hill yet......we're just standing on the top of the hill looking down staring into the abyss. LOL
Btw, we ate out this mid-afternoon after finishing up on the home projects, but we played it safe and ate at a Texas Road house where I had a steak which can kill you with bacteria but not as fast or as likely as chicken, plus it's hard to kill somebody with a baked potato and boiled green beans. At least I think I'm probably safe.....but I have to agree with your earlier commentaries on the overall and all-too-common unsanitary behaviors of restaurant staff. I don't eat out but once every couple weeks and I always go in wondering if this is the day I get a bellie and blood stream full of e-coli or something else equally charming under the microscope. All you have to do is watch a couple seasons of Kitchen Nightmares or Restaurant Impossible to realize what you're up against when eating out. I am careful to wash my hands every time I handle raw chicken especially when cooking at home, but even fruits and veggies. I don't know how much chemicals come inside the meat of the vegetable but it's a safe bet that the skin is coated with chems and biologicals.
Re: TDI trendline/fast line discrepancies........it took me a while but I finally found an answer to the issue. I'm finding that there are a few different indicators overlayed and used by others to simulate the Dean Malone TDI original. I've put all of them that I found on my chart and the best combo that I've found for my platform with its given time frame and input from the broker is the following indicators with the following settings forthcoming below. It presents for me a definite touch of TDI trend lines by the fast line where the TDI that I got from compassfx doesn't. Why I don't know, but the compassfx version doesn't. I'm using three RSI lines for my fast line giving an overlay of fast lines to help give a quicker price action reversal signal for me than the original TDI found on compassfx. So, I'm presenting the mock version of the TDI indicator for others that also may have my problem making trend lines match with pennies charts using the original compassfx version.
Indicators and settings:
RSI 8, GREEN
RSI 7, (different shade of green)
RSI 6, (with different shade of green from other RSIs)
Simple Moving Average 8, RED, Apply to previous indicators data
Bollinger Bands, Period 40, Deviations 2, shift 0, Dodger Blue or one of the Turquoise Blues, Apply to Previous Indicators Data
I should mention that I am also using the compassfx version on my chart for improving interpretation of price action. The compassfx version gives a smoothed fast line result where I can use the improv TDI fast lines which are more responsive to price action to find divergence against price action on the mock version with its slightly more frequent and multiple RSI wave reversals. Hope that makes sense. I should also note that I am using the TRIX (4,0), TRIX (5,0), TRIX (6,0), TRIX (7,0) and BB (20,2) overlay indicator for additional price action interpretation along with the TDI versions.
Have a great weekend pennies and all!
Actually as I zoom in on my 1 hour chart and readjust my trendline to precisely touch the TDI fast wave lines I see that my trendline isn't really being touched. Just not as apparent on the 1 hour as it is the 5 and 15 minute charts. I also see where this is not the first near hit of that trendline but approaching the second hit. Let's hope we've seen the top set now.
You must have been reading my mind........I was just about to post you referring back to your 1 hour TDI chart to mention that my TDI shows a retesting of the trendline. In fact, TDI looks the same as yours on your updated chart and I too see that trendline being tested just as yours shows. I just don't understand though why my TDI doesn't look the same as yours on the smaller 5 and 15 minute time frames when it's most critical for scalping and timing entries....
Is there any way you can apply the TDI with E/A to indicate any impending bearish pullback pennies or are you simple going by wave counts? I went ahead and took a short at the daily ADR high but on the hourly chart, it looks to me like the TDI fast line bounced off the trendline bullishly and we're only going to see further price advancement. The 4 hour TDI shows both direction lines curling up bullishly.
Morning pennies. I closed out my positions for a small loss rather than hold for who knows and I'm glad I did now. Looking for a good spot to reenter a new short on E/A though this morning. Price is close to the ADR high but I"m not sure that's where I'll enter. Let me know if you see a good technical spot, if you notice one to tie up the C wave you are focused on?
Ok pennies. Goodnight then sir. We'll catch up over E/A in the morning.
Oooooh.......well seeing the C wave of the larger wave B being a fair bit shorter than its prior A wave, I figured we could see the difference made up over the next several hours maybe but I'm just watching it unfold. Ok, back to watching the movie with the kids.
I wasn't sure......and is the 88 fib really still unlikely?
So pennies.......having revisited the previous hourly high again, what are your thoughts on E/A here? I don't see the hourly chart showing an A,B,C wave count any longer now. I don't know what to expect myself.
Would you expect this C wave down to end when the green fast line hits the red slow line on your hour chart then? It's definitely hard for me to know which green line waves to attach a trendline to.
See this is why I need you to do a vid series on the TDI......right now it looks to me as if we are in a bullish breakout based on the break of a TDI trendline on your 15 minute chart. I see the trendline, I see a second trendline but I'm not sure if it's a valid trendline or not and as far as I'm concerned, EA is going to move higher than the prior wave down based on the TDI. I see new highs coming! HELP! lol
I only have 12 remaining posts so I'll get straight to the point.......
what was the point? lol Oh yeah..so TP and stop order are set to stun then?
Perhaps we will see the federation of intergalactic defense send its ships to arrive and rescue us at the 88fib level near 1.48764?
pennies......I was visiting the video board last night looking for TDI specific vids that you might have made and posted and I saw that you hadn't done any. Since you rely so heavily on that one single indicator and have learned the fine nuances of applying it to price action, would you do at least one, if not a series of vids showing the viewer how to apply the TDI to price action from the moment you begin looking for the setup to the point where the reversal has finally occurred and you then begin looking for the opposite reversal setup using the TDI?
I'd like to see how you use and add trend lines on both TDI and price action as the trade and TDI setup evolves for instance. The visual stages of a bullish TDI setup, from initial setup of first trendline to price break to the topside with additional trend lines placed and further breakout occurring up to the point where the next and opposite bearish reversal is observed to begin by appearance of the TDI setup and price action. Also if you are actually counting waves of the fast line could you present that? Of course the baseline and "bands" of the TDI are significant and it would help if you would discuss the interpretation of them as they evolve too.
AND, can you post examples of failed TDI setups and where, when and why the setup failed??? To prevent losses in event of a setup that may fail, where would you place your stop loss order? Knowing whether the TDI setup is showing signs of failing is a bit of a learning curve for me at least. And finally can you explain why the viewers TDI lines may not match your own? My fast line which I understand to be an RSI 7 line, sma, applied to close, does not move as deep on my chart as it does yours, so that I see your trend lines being hit while my trendlines are not always hit before the price reverses, so I'm missing out on good trades. If you have an answer as to why this difference in fast line visual is occurring that too would be helpful.
I know you did include TDI use in some of your vids, but it would be nice to see TDI specific teaching under the umbrella label of TDI application. It's a lot to ask and it would take time but it would be highly appreciated because it would be highly helpful to myself, if only myself!
pennies.......do you mean that a long position taken now with A/U will pay interest to the trader, or have I got it bass-ackwards?
And are you saying that now is a great place to short E/U?
And there was my 20 pips. Figures. Brokers have it down to a fine science. I would have been taken out at my stop anyway, and then they immediately took it to where I was looking at for an exit, an upper trendline off the last several 15 minute candles.
And with that, I'm out of A/U with a 1 pip loss on the break of the trendline I was banking on from the 5 and 15 minute chart. I'm not waiting around with a head full of hopium with news about to hit. I hope I didn't get the exit wrong, but I don't have the conviction to hold so I'm thinking that being out right now with no real losses is better than taking a possible fast and furious big pip hit when news is out.