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Dan7974 Aug 16, 2006 3:52pm | Post# 41

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Hi Dan,
You know, You give such great advice ! This is the best thread I have ever seen!
Five Questions though.

1 ) How do You know when the dot will stop reapainting itself? Like, knowing when red dots will stop repainting themself in an uptrend. How do You know when it will be the last dot in the trend?

2 ) When do You usually take profit?

3 ) What is Paper Trading?

4 ) When You said that trading GBP/JPY on M30 for You is too risky, then, what timeframe do You trade on GBP/JPY?

5 ) What does Slippage mean?


I attached a Chart of GBP/USD M30, is this right?


Thanks soooo much.
Dan.
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judex001 Aug 16, 2006 4:46pm | Post# 42

You know, You give such great advice ! This is the best thread I have ever seen.
Five Questions though.

1 ) How do You know when the dot will stop reapainting itself? Like, knowing when red dots will stop repainting themself in an uptrend. How do You know when it will be the last dot in the trend?

Unless you can predict the future, you will never know that but it doesn't matter : the dot gives you a signal to start paying attention to your chart. In general, the dot appears earlier than any others indicators. Once it's there, you just have to wait for the crosses.


2 ) When do You usually take profit?

I'm going to put a example for this question.


EURUS 4H : My initial target was the double high bar. After a while, i saw that a pennant was being formed. So i count the difference in pips (open to close) of the tail of the pennant and i transfer the distance from the end of the pennant upwards.

I don't have only one way to take profit.
Usually, i wait until the price is 30 pips in favor to put my stop at breakeven then i look the past for significant high/low or for any patterns.


http://www.tlatomi.com/blog/images/ff/eurus2.gif




3 ) What is Paper Trading?

Demo trading

4 ) When You said that trading GBP/JPY on M30 for You is too risky, then, what timeframe do You trade on GBP/JPY?

4H

5 ) What does Slippage mean?

Your spread is 10 pips but sometimes you are going to pay less or more than 10 pips. That's the slippage

Slippage is the difference between estimated transaction costs and the amount actually paid. (From Wikipedia, the free encyclopedia)


Thanks soooo much.
Dan.
Hope this helps !

judex001 Aug 16, 2006 4:50pm | Post# 43

Trades in M30 / 16/08/2006

Short GBP/USD @ 1.8978 - T/P @ 1.8968
Long USD/CHF @ 1.2286 - T/P @ 1.2296
Short EUR/USD @ 1.2851 - T/P @ 1.2841

The three trades are now closed - each one with 10 pips profit.

http://www.tlatomi.com/blog/images/ff/Triple1.gif

Dan7974 Aug 16, 2006 6:23pm | Post# 44

There is something that I just could not understand.
 
Hope this helps !
Of Course it helped !

There is just a couple more things I just couldnt understand.

1 ) Do you ONLY trade 2 pairs ( GBP/USD, and GBP/JPY ) ?

2 ) Do You trade H4, or M30, or both? Or even H1?

3 ) Do You take profit when You see a double ( top, bottom ), or do You take Profit when, for example, Your Stop was 10 pips, are You going to take Profit at 10 pips, or 20 pips, or 30 pips ?

Thanks sooooo much !!!
Dan.

judex001 Aug 16, 2006 6:47pm | Post# 45

Of Course it helped !

There is just a couple more things I just couldnt understand.

1 ) Do you ONLY trade 2 pairs ( GBP/USD, and GBP/JPY ) ?

These are my prefered pairs but i trade all the pairs. With the original tlatomi method, i used to trade only the GBP/USD and the GBP/JPY. Now, with the tiga-tlatomi method, i can trade all the pairs i want but i prefer to stick to the GBP for the volatility and the JPY for the time zone.

2 ) Do You trade H4, or M30, or both? Or even H1?

I trade only 4H and M30.

3 ) Do You take profit when You see a double ( top, bottom ), or do You take Profit when, for example, Your Stop was 10 pips, are You going to take Profit at 10 pips, or 20 pips, or 30 pips ?

I take profit at 10 pips for all of my M30 trades.
In the case of the H4 ones, I use price analyse to place my stops and my targets so I will choose the first posibility : I take profit when I see a double top, bottom etc...
I'm not a big fan of the ratios (ex: 1:2) because the ratio can't see the resistance/ support level.

Thanks sooooo much !!!
Dan.
JudeX.

Dan7974 Aug 16, 2006 7:08pm | Post# 46

???
 
JudeX.
So You exit at 10 pips on M30. On H4, Do You take profit when You see any kind of Candle-stick Formation? Or only Double ( top, bottoms), and chart patterns?

Thanks soooo much !!!
Dan.

judex001 Aug 16, 2006 7:12pm | Post# 47

So You exit at 10 pips on M30. On H4, Do You take profit when You see any kind of Candle-stick Formation? Or only Double ( top, bottoms), and chart patterns?

Thanks soooo much !!!
Dan.
Hi,

Sorry my mistake - "when I see a double top, bottom etc...". By etc, I mean any kind of formations, tops or patterns.

JudeX.


Dan7974 Aug 16, 2006 9:48pm | Post# 48

Hi,

Sorry my mistake - "when I see a double top, bottom etc...". By etc, I mean any kind of formations, tops or patterns.

JudeX.

It happens......So, I think I know everything about this method.

Trading on 30M
1 ) Blue Dot appears
2 ) FX Signal in Buy mode
3 ) 5 EMA crosses 9 SMA upward
4 ) Stop : 30 pips away from entry
5 ) Limit : + 10 pips

Trading on 4H

1 ) Blue Dot appears
2 ) FX Signal in Buy mode.
3 ) 5 EMA crosses 9 SMA upward
4 ) Stop : 30 pips away from entry
5 ) Limit : Double Top or Bullish Formation Limit. ( Whichever is earlier ).

If everything is right here, I will test this method on 4H and 30M about
30 times, trading on GBP/USD, GBP/JPY, and USD/JPY.

Thanks for all the GREAT advice !!!
Dan.

Dan7974 Aug 16, 2006 10:35pm | Post# 49

What do You think......????
 
Hi,

Sorry my mistake - "when I see a double top, bottom etc...". By etc, I mean any kind of formations, tops or patterns.

JudeX.

Hey, do You want to post eachother trades that we are about to do? Like, for example, the MA's are about to cross ( about 30 min. left ).

How long have You been trading, and struggling with the market?

Do You trade any other markets other than Forex ?

Could threads ever expire ?

Thanks,
Dan.

judex001 Aug 16, 2006 10:44pm | Post# 50


Trading on 4H

1 ) Blue Dot appears
2 ) FX Signal in Buy mode.
3 ) 5 EMA crosses 9 SMA upward
4 ) Stop : 30 pips away from entry
5 ) Limit : Double Top or Bullish Formation Limit. ( Whichever is earlier ).
Hi,

Just a precision. Personaly i think that 30 pips in 4H is not enough. In general, i put my stops at the lower or higher of the previous bar before the entry.

Dan7974 Aug 16, 2006 10:50pm | Post# 51

Hi,

Just a precision. Personaly i think that 30 pips in 4H is not enough. In general, i put my stops at the lower or higher of the previous bar before the entry.
There, I think I know everything there is to this method, and I am looking forward into testing it tomorrow on 30M and 4H on GBP/USD, USD/JPY, and GBP/JPY.

tortoise Aug 16, 2006 10:54pm | Post# 52

Hi,


Total for yesterday and today : 543 PIPS (Tiga-Tlatomi trades only).

JudeX.
As you mention in your post above this you take a profit of 10 pips on a M30 chart. I do this too. I will post a spreadsheet in a few days once the work is done that taking a profit on a 4H chart is also better.

At first you see very larger moves can happen and taking a profit too soon makes you feel like you missed out. But in the long run you make out better. I only have 20 trades so far in the GBP but right now 80 pips gives the best profit for all trades. I know this is curve fitting to an extent but I will document it and post the file soon.

tortoise Aug 16, 2006 10:57pm | Post# 53

Hi,


Total for yesterday and today : 543 PIPS (Tiga-Tlatomi trades only).

JudeX.
Sorry I forgot to ask about "Tiga". What does that mean? Has the Tlatomi been modified besides the 5 and 9 MA?

judex001 Aug 16, 2006 11:15pm | Post# 54

Hi,

Hey, do You want to post eachother trades that we are about to do? Like, for example, the MA's are about to cross ( about 30 min. left ).

No problem, I'm going to be away for the week-end (thursday night to tuesday) so if i don't make any trades tomorrow, you will have to wait until tuesday.

How long have You been trading, and struggling with the market?

I have been trading the forex market since december 2004.

Do You trade any other markets other than Forex ?

Stocks but i don't really trade them - i hold them...

Could threads ever expire ?

I hope not !!

Thanks,
Dan.

Dan7974 Aug 16, 2006 11:20pm | Post# 55

Hi,
When You will be away on Thursday, and Tuesday, I will post the trades that happend on the currencies : GBP/USD, EUR/USD, and GBP/JPY, ok ?

Thanks,
Dan.

judex001 Aug 16, 2006 11:24pm | Post# 56

Sorry I forgot to ask about "Tiga". What does that mean? Has the Tlatomi been modified besides the 5 and 9 MA?
Hi tortoise,

"TIGA ABDUL (t-ga up-dol)
TIGA means 3. The reason is because im using a third MA..."
You can go to the post #144 of OrangeRoshan for the rest of the explanation and post #158 for the pdf of Tiga ABdul - Tlatomi method

I haven't done any modifications beside the MA (a contribution from OrangeRoshan - thanks again). I only add the Ma_crossover indicator to see more easily the cross.

Bye

judex001 Aug 16, 2006 11:26pm | Post# 57

When You will be away on Thursday, and Tuesday, I will post the trades that happend on the currencies : GBP/USD, EUR/USD, and GBP/JPY, ok ?

Thanks,
Dan.
I will be away from tomorrow at 12 h am to tuesday morning.

Thanks - Be my guest !

Dan7974 Aug 16, 2006 11:40pm | Post# 58

Hurry !!!!!!!!!!!!!!!!!!!!
 
1 Attachment(s)
Everybody !! Get ready to go long on USD/JPY. Blue Dot on 30M. FX Sniper in Buy mode, and 5 EMA is about to cross 9 SMA upward.


Hurry !!!!!!! You have about 18 minutes left !!!! On USD/JPY
Attached Chart.......
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Dan7974 Aug 16, 2006 11:46pm | Post# 59

Hurry !!!!!!!!!!!!!!!!!!!!
 
1 Attachment(s)
Everybody !! Get ready to go short on GBP/USD. Red Dot on 30M. FX Sniper in Sell mode, and 5 EMA is crossing the 9 SMA downward.
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OrangeRoshan Aug 16, 2006 11:47pm | Post# 60

Hi,

Sorry, i didn't have time to post my trades yesterday.

On M30 :

Buy 0.20 Lots GBPUSD @ 1.8941 - T/P 1.8951 = +10 PIPS
Buy 0.20 Lots EURUSD @ 1.2789 - T/P 1.2799 = +10 PIPS
Sell 0.20 Lots AUDUSD @ 0.7647 - T/P 0.7637 = +10 PIPS

On H4 :

Buy 0.20 Lots GBPUSD @ 1.8970 - T/P 1.9050 - S/L 1.8851 = 0.2 lots @ +20 PIPS
Sell 0.20 Lots USDCHF @ 1.2349 - T/P 1.2240 - S/L 1.2442 = 0.2 lots @ +60 PIPS
Buy 0.20 Lots EURUSD @ 1.2795 - Τ/P 1.2862 - S/L 1.2709 = 0.2 lots @ +67 PIPS
Sell 0.20 Lots USDJPY @ 115.87 - T/P 115.20 - S/L 116.61 = 0.2 lot @ 0 PIPS
Buy 0.20 Lots AUDUSD @ 0.7654 - T/P 0.7685 - S/L 0.7617 = 0.1 lot @ +31 PIPS ans 0.1 lot @ +37 PIPS
Sell 0.20 Lots GBP/JPY @ 220.00 - T/P 219.29 - S/L 220.56 = 0.1 lot @ +71 PIPS and 0.1 lot @ +50 PIPS


I post the chart for the only trade in 4H closed : GBP/JPY

http://www.tlatomi.com/blog/images/ff/GBPJPY1.gif
That is Impressive. One of my Trading team who have been trading well over 20yrs saw this post. He was speechless for about 30seconds, turned to me and said, "Could I take a look at the PDF you send me last week?"

These guys made pips, but consecutive wins like that is not normal. But I guess it is with 3A Tilatomi.


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