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Mark Douglas, author of Trading in the Zone, states:
“The best traders have developed an edge…and
more importantly, they t...
My “trading edge” rules:
1. A high probability of success.
2. Enter and exit trades without conflict or stress.
3. Trade d...
Developing theDeveloping the
E.A.S.Y. MethodE.A.S.Y. Method
1. Does it really work at the moment of decision?
2. Does is h...
EE = Effective
Provides me an effective edge in my trading.
What is E.A.S.Y.?What is E.A.S.Y.?
EE = Effective
AA = Accurate
Delivers a high degree of probability and
predictability.
What is E.A.S.Y.?What is E.A.S.Y.?
EE = Effective
AA = Accurate
SS = Simple
Keeps my analysis simple in order to get a quick snapshot
of the market, and make...
EE = Effective
AA = Accurate
SS = Simple
YY = Yield
Yields a higher ratio of winning trades versus losing
traders. It’s a ...
1. Price action
2. Momentum
3. Strength
E.A.S.Y.E.A.S.Y.
Market ConditionsMarket Conditions
Average Price Bars
Price Action Channel
Traders Dynamic Index
E.A.S.Y. Chart SetupE.A.S.Y. Chart Setup
Average Price BarsAverage Price Bars
Provide a better depiction of current market
trend at a glance.
Reveal periods of consolidation.
Show market strength.
Eli...
Using the Heiken Ashi method
Heiken means “Average”
Ashi means “Bar”
Heiken Ashi averaging technique
– haClose = (Open + H...
Typical CandlesticksTypical Candlesticks
Typical CandlesticksTypical Candlesticks
False exit points.
Average Price BarsAverage Price Bars
Average Price BarsAverage Price Bars
Average Price BarsAverage Price Bars
Positive bars
mean “BUY”
Negative bars
mean “SELL”
Average Price BarsAverage Price Bars
Positive bar with
long upper wick
means
“Strong BUY”
Negative bar with
long lower wic...
Average Price BarsAverage Price Bars
A negative bar with
upper wick means
“Weak SELL”
A positive bar with
lower wick means...
Average Price BarsAverage Price Bars
Shorter bar than
previous bar is an
“indication of Change”
A very short bar
means
“Ch...
Price Action ChannelPrice Action Channel
Traditional Price ChannelTraditional Price Channel
Two principal formats:
1. A pair of trend lines above and below price
r...
Used to determine upper and lower
boundaries and signal potential
reversal or breakout.
Traditional price channels can cau...
Price Action ChannelPrice Action Channel
NOT a traditional price channel.
Does not set outside of price in wait
for the ma...
Price Action ChannelPrice Action Channel
Provides overall trend direction.
Reveals periods of consolidation.
Used primaril...
Use Smoothed Moving Average
Top of Channel = 5 period, High
Bottom of Channel = 5 period, Low
Price Action ChannelPrice Ac...
Price Action ChannelPrice Action Channel
Positive bars
riding the top of
the Price Action
Channel
““Good BUY (Long) Trend”...
Price Action ChannelPrice Action Channel
Negative bars riding the
bottom of the Price
Action Channel
““Good SELL (Short) T...
Price Action ChannelPrice Action Channel
““RangeRange--Bound, No Trend”Bound, No Trend”
Price Action Channel
is flat with ...
Traders Dynamic IndexTraders Dynamic Index
A hybrid indicator developed to
indicate market conditions related to
trend direction, momentum, and
market volatility.
An...
Traders Dynamic IndexTraders Dynamic Index
Step 1: RSI Price LineStep 1: RSI Price Line
Rules: Trade Long when RSI PL is a...
RSI Price Line compared to Price ActionRSI Price Line compared to Price Action
Traders Dynamic IndexTraders Dynamic Index
Step 2: Trade Signal LineStep 2: Trade Signal Line
Rules: Trade Long whenRules: Trade Long when RSI PLRSI PL > TSL.> TSL.
...
Step 2: RSI PL & TSL CombinedStep 2: RSI PL & TSL Combined
Traders Dynamic IndexTraders Dynamic Index
Step 3: Market Base LineStep 3: Market Base Line
Rules: Market Base Line acts as Overall Trend.Rules: Market Base Line act...
Market Base Line compared to Price ActionMarket Base Line compared to Price Action
Traders Dynamic IndexTraders Dynamic In...
Market Base Line forecastsMarket Base Line forecasts Market ReversalsMarket Reversals
Traders Dynamic IndexTraders Dynamic...
Step 4: Volatility BandsStep 4: Volatility Bands
Rules: Add to a Long trade when RSI PL is > VB.Rules: Add to a Long trade...
Volatility Bands compared to Daily Price ActionVolatility Bands compared to Daily Price Action
Traders Dynamic IndexTrader...
Volatility Bands compared to Intraday Price ActionVolatility Bands compared to Intraday Price Action
Traders Dynamic Index...
Adjusting RSI MA & Volatility Band for Global PerspectiveAdjusting RSI MA & Volatility Band for Global Perspective
RSI PL ...
Average Price Bars
- Heiken Ashi indicator
Price Action Channel
- 2 Smoothed Moving Averages
- 5 period, High
- 5 period, ...
E.A.S.Y. MethodE.A.S.Y. Method
Entry RulesEntry Rules
Average Price Bars (APB)
• Look for Positive or Negative bars trending.
• Monitor the current haClose.
• BUY signal – Posi...
Price Action Channel (PAC)
• Monitor the direction of the Channel.
• Buy signal – Channel trending up.
• Sell signal – Cha...
Traders Dynamic Index (TDI)
• Long entry = RSI PL > 50, TSL, and MBL.
• Consider adding to Long trade if RSI PL > the
uppe...
Traders Dynamic Index (TDI)
• Short entry = RSI PL < 50, TSL, and MBL.
• Consider adding to Short trade if RSI PL < the
lo...
Long Entry: (All conditions are satisfied.)
1. APB haClose > PAC High Moving Average.
2. PAC trending up.
3. TDI = RSI PL ...
E.A.S.Y. MethodE.A.S.Y. Method
Exit RulesExit Rules
APB Long exit
Positive bar is much shorter than the previous bar or
changes to a negative bar at close.
PAC Long exit
APB ...
APB Short exit
Negative bar is much shorter than the previous bar or
changes to a positive bar at close.
PAC Short exit
AP...
Prochain SlideShare
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Tdi Forex Trading System

Simple yet accurate forex trading system

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Tdi Forex Trading System

  1. 1. Mark Douglas, author of Trading in the Zone, states: “The best traders have developed an edge…and more importantly, they trust their edge.” Why the E.A.S.Y.Why the E.A.S.Y. Method?Method?
  2. 2. My “trading edge” rules: 1. A high probability of success. 2. Enter and exit trades without conflict or stress. 3. Trade decisions dictated by price action, not by my preconceived beliefs and opinions. Why the E.A.S.Y.Why the E.A.S.Y. Method?Method?
  3. 3. Developing theDeveloping the E.A.S.Y. MethodE.A.S.Y. Method 1. Does it really work at the moment of decision? 2. Does is have a high degree of probability and predictability? 3. Is it simple to use and follow, especially at times of critical trading decisions? 4. Does it yield more winners than losers?
  4. 4. EE = Effective Provides me an effective edge in my trading. What is E.A.S.Y.?What is E.A.S.Y.?
  5. 5. EE = Effective AA = Accurate Delivers a high degree of probability and predictability. What is E.A.S.Y.?What is E.A.S.Y.?
  6. 6. EE = Effective AA = Accurate SS = Simple Keeps my analysis simple in order to get a quick snapshot of the market, and make trading decisions with less stress and anxiety. What is E.A.S.Y.?What is E.A.S.Y.?
  7. 7. EE = Effective AA = Accurate SS = Simple YY = Yield Yields a higher ratio of winning trades versus losing traders. It’s a numbers game! What is E.A.S.Y.?What is E.A.S.Y.?
  8. 8. 1. Price action 2. Momentum 3. Strength E.A.S.Y.E.A.S.Y. Market ConditionsMarket Conditions
  9. 9. Average Price Bars Price Action Channel Traders Dynamic Index E.A.S.Y. Chart SetupE.A.S.Y. Chart Setup
  10. 10. Average Price BarsAverage Price Bars
  11. 11. Provide a better depiction of current market trend at a glance. Reveal periods of consolidation. Show market strength. Eliminate fluctuations of nominal price action. Removes the noise of price distortion of the underlying trend. Average Price BarsAverage Price Bars
  12. 12. Using the Heiken Ashi method Heiken means “Average” Ashi means “Bar” Heiken Ashi averaging technique – haClose = (Open + High + Low + Close) / 4 – haOpen = (haOpen(previous bar) + haClose(previous bar))/2 – haHigh = Maximum(High, haOpen) – haLow = Minimum(Low,haOpen) Average Price BarsAverage Price Bars
  13. 13. Typical CandlesticksTypical Candlesticks
  14. 14. Typical CandlesticksTypical Candlesticks False exit points.
  15. 15. Average Price BarsAverage Price Bars
  16. 16. Average Price BarsAverage Price Bars
  17. 17. Average Price BarsAverage Price Bars Positive bars mean “BUY” Negative bars mean “SELL”
  18. 18. Average Price BarsAverage Price Bars Positive bar with long upper wick means “Strong BUY” Negative bar with long lower wick means “Strong SELL”
  19. 19. Average Price BarsAverage Price Bars A negative bar with upper wick means “Weak SELL” A positive bar with lower wick means “Weak BUY”
  20. 20. Average Price BarsAverage Price Bars Shorter bar than previous bar is an “indication of Change” A very short bar means “Change of Trend”
  21. 21. Price Action ChannelPrice Action Channel
  22. 22. Traditional Price ChannelTraditional Price Channel Two principal formats: 1. A pair of trend lines above and below price representing Support and Resistance levels. 2. An envelope of bands around price with set deviation limits such as Bollinger Bands, Keltner or Donchian Channels.
  23. 23. Used to determine upper and lower boundaries and signal potential reversal or breakout. Traditional price channels can cause “reactive” trading! Traditional Price ChannelTraditional Price Channel
  24. 24. Price Action ChannelPrice Action Channel NOT a traditional price channel. Does not set outside of price in wait for the market. It resides inside price movement. Used by institutional traders and sophisticated trading programs. Promotes “responsive” trading!
  25. 25. Price Action ChannelPrice Action Channel Provides overall trend direction. Reveals periods of consolidation. Used primarily as an Entry target. BUY Trend – Average Price Bars tend to run on top of channel. SELL Trend – Average Price Bars tend to run on bottom of channel.
  26. 26. Use Smoothed Moving Average Top of Channel = 5 period, High Bottom of Channel = 5 period, Low Price Action ChannelPrice Action Channel
  27. 27. Price Action ChannelPrice Action Channel Positive bars riding the top of the Price Action Channel ““Good BUY (Long) Trend”Good BUY (Long) Trend” Nice upward trend of the Price Action Channel.
  28. 28. Price Action ChannelPrice Action Channel Negative bars riding the bottom of the Price Action Channel ““Good SELL (Short) Trend”Good SELL (Short) Trend” Nice downward trend of the Price Action Channel.
  29. 29. Price Action ChannelPrice Action Channel ““RangeRange--Bound, No Trend”Bound, No Trend” Price Action Channel is flat with no clear direction.
  30. 30. Traders Dynamic IndexTraders Dynamic Index
  31. 31. A hybrid indicator developed to indicate market conditions related to trend direction, momentum, and market volatility. An “all-in-one” indicator! Traders Dynamic IndexTraders Dynamic Index
  32. 32. Traders Dynamic IndexTraders Dynamic Index Step 1: RSI Price LineStep 1: RSI Price Line Rules: Trade Long when RSI PL is above 50.Rules: Trade Long when RSI PL is above 50. Trade Short when RSI PLTrade Short when RSI PL is below 50.is below 50. Consider exit when RSI PL is > 68 or < 32.Consider exit when RSI PL is > 68 or < 32.
  33. 33. RSI Price Line compared to Price ActionRSI Price Line compared to Price Action Traders Dynamic IndexTraders Dynamic Index
  34. 34. Step 2: Trade Signal LineStep 2: Trade Signal Line Rules: Trade Long whenRules: Trade Long when RSI PLRSI PL > TSL.> TSL. Trade Short whenTrade Short when RSI PLRSI PL < TSL.< TSL. Exit trade whenExit trade when RSI PLRSI PL & TSL crossover.& TSL crossover. Traders Dynamic IndexTraders Dynamic Index
  35. 35. Step 2: RSI PL & TSL CombinedStep 2: RSI PL & TSL Combined Traders Dynamic IndexTraders Dynamic Index
  36. 36. Step 3: Market Base LineStep 3: Market Base Line Rules: Market Base Line acts as Overall Trend.Rules: Market Base Line acts as Overall Trend. Trade Long when RSI PL is > MBL.Trade Long when RSI PL is > MBL. Trade Short when RSI PL is < MBL.Trade Short when RSI PL is < MBL. Traders Dynamic IndexTraders Dynamic Index
  37. 37. Market Base Line compared to Price ActionMarket Base Line compared to Price Action Traders Dynamic IndexTraders Dynamic Index
  38. 38. Market Base Line forecastsMarket Base Line forecasts Market ReversalsMarket Reversals Traders Dynamic IndexTraders Dynamic Index
  39. 39. Step 4: Volatility BandsStep 4: Volatility Bands Rules: Add to a Long trade when RSI PL is > VB.Rules: Add to a Long trade when RSI PL is > VB. Add to a Short trade when RSI PLAdd to a Short trade when RSI PL is < VB.is < VB. Consider exit when RSI PL crosses back over VB.Consider exit when RSI PL crosses back over VB. Traders Dynamic IndexTraders Dynamic Index
  40. 40. Volatility Bands compared to Daily Price ActionVolatility Bands compared to Daily Price Action Traders Dynamic IndexTraders Dynamic Index
  41. 41. Volatility Bands compared to Intraday Price ActionVolatility Bands compared to Intraday Price Action Traders Dynamic IndexTraders Dynamic Index
  42. 42. Adjusting RSI MA & Volatility Band for Global PerspectiveAdjusting RSI MA & Volatility Band for Global Perspective RSI PL & TSL combined with Volatility Band Traders Dynamic IndexTraders Dynamic Index
  43. 43. Average Price Bars - Heiken Ashi indicator Price Action Channel - 2 Smoothed Moving Averages - 5 period, High - 5 period, Low Traders Dynamic Index - RSI = 13 period, Close - Volatility Band = 34 period, Close - RSI Price Line = 2 period, Close, SMA - Trade Signal Line = 7 period, Close, SMA E.A.S.Y. MethodE.A.S.Y. Method Putting it all together!Putting it all together!
  44. 44. E.A.S.Y. MethodE.A.S.Y. Method Entry RulesEntry Rules
  45. 45. Average Price Bars (APB) • Look for Positive or Negative bars trending. • Monitor the current haClose. • BUY signal – Positive bar making long upper wick. • SELL signal – Negative bar making long lower wick. • Long entry – haClose > PAC High Moving Average • Short entry – haClose < PAC Low Moving Average E.A.S.Y. MethodE.A.S.Y. Method All systems GO!All systems GO!
  46. 46. Price Action Channel (PAC) • Monitor the direction of the Channel. • Buy signal – Channel trending up. • Sell signal – Channel trending down. • Monitor the High & Low Channel values in relation to the current haClose. • Long entry – haClose > PAC High & PAC uptrend • Short entry – haClose < PAC Low & PAC downtrend E.A.S.Y. MethodE.A.S.Y. Method All systems GO!All systems GO!
  47. 47. Traders Dynamic Index (TDI) • Long entry = RSI PL > 50, TSL, and MBL. • Consider adding to Long trade if RSI PL > the upper Volatility Band and > 50, but < 68. • Avoid entering a Long trade when RSI PL > the upper Volatility Band, > 50, and > 68. E.A.S.Y. MethodE.A.S.Y. Method All systems GO!All systems GO!
  48. 48. Traders Dynamic Index (TDI) • Short entry = RSI PL < 50, TSL, and MBL. • Consider adding to Short trade if RSI PL < the lower Volatility Band and < 50, but > 68. • Avoid entering a Short trade when RSI PL < the lower Volatility Band, < 50, and < 68. E.A.S.Y. MethodE.A.S.Y. Method All systems GO!All systems GO!
  49. 49. Long Entry: (All conditions are satisfied.) 1. APB haClose > PAC High Moving Average. 2. PAC trending up. 3. TDI = RSI PL > 50, TSL, and MBL. Short Entry: (All conditions are satisfied.) 1. APB haClose < PAC Low Moving Average. 2. PAC trending down. 3. TDI = RSI PL < 50, TSL, and MBL. E.A.S.Y. MethodE.A.S.Y. Method Entry SetupsEntry Setups
  50. 50. E.A.S.Y. MethodE.A.S.Y. Method Exit RulesExit Rules
  51. 51. APB Long exit Positive bar is much shorter than the previous bar or changes to a negative bar at close. PAC Long exit APB closes inside the channel. TDI Long exit = 1. RSI PL crosses back below the TSL to the downside. 2. RSI PL > 68. 3. RSI PL crosses back below the upper Volatility Band to the upside. E.A.S.Y. MethodE.A.S.Y. Method Time to Exit the money train!Time to Exit the money train!
  52. 52. APB Short exit Negative bar is much shorter than the previous bar or changes to a positive bar at close. PAC Short exit APB closes inside the channel. TDI Short exit 1. RSI PL crosses back over the TSL to the upside. 2. RSI PL < 32. 3. RSI PL crosses back up over the lower Volatility Band. E.A.S.Y. MethodE.A.S.Y. Method Time to Exit the money train!Time to Exit the money train!

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