After reading Dr Alexander Elder's book "Trading for a living" He's
big on the idea of 5 bullets to a clip. If you are a scalper and who doesn't like
to scalp, he doesn't scalp, If you have to think you are dead.
I found an article written by the late Mark Douglas. A big fan of traders,
who was kind enough to leave us with a rule based trading based on the
TDI indicator that Eric scripted for us.
I have posted a chart share of my set up and scripted the rules to alert
you for trade signals and reversals. Give it a test run and whatever system
you like to use keep it simple like Dr Elder does. I pondered the addition of the squeeze and that would have violated 5 bullets to a clip.
I would be interested in any feedback if this helps your trading.
For those of you who have asked about my live sessions each week on the Simpler Options site, here is the link for the current $7 - 30 day trial. I have spent the last two years in the live trading room and personally believe it is the best trading room around. I speak each Monday and Friday from 11:00-12:00 CST and Wednesday from 1:00-1:30 CST. Hope to see you there. -Eric
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thinkorswim Rules for TDI Indicator posted by Eric 2017-01-19
Addition to the TDI indicator posted by Eric