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  • Post #3,781
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  • Feb 28, 2011 6:46pm Feb 28, 2011 6:46pm
  •  eelfranz
  • Joined May 2008 | Status: Grand Poopaw | 1,488 Posts
SnarlyJ...

I don't use the 89 sma. If a chart is bouncing back and forth over the 5 ema... it must be pretty flat. I'd look for another chart to trade.
  • Post #3,782
  • Quote
  • Feb 28, 2011 8:56pm Feb 28, 2011 8:56pm
  •  SteveW
  • | Joined Feb 2008 | Status: Member | 47 Posts
Quoting NeoRio
Disliked
This is my manager of choice too, Steve. I use MYFX every day. It *does* have OCO though, when and if you enter 2 POs on the same pair, each in a different direction, it gives a pop-up window asking if you want to treat the trades as OCO. You can select to have them treated as OCO or not.

Regards,
Neo
Ignored
Neo, glad to see that you use it. I've come to respect your views here, so good to know that I'm in the same camp as you. My broker is MB Trading and I listened to the MyFx webinar last week sponsored by MB Trading even though I've had the program for a month. I thought they said the OCO function wouldn't work with US brokers. Well, I just went in and placed two pending orders and got this message, "Failed to Open. The amount of open and pending orders has reached the limit set by the broker." So it appears that I can't.

It's not a problem for me, because I normally don't use that function. But if I do, then I can use FX Executor Pro which I got as part of a giveaway last year. Since everything is "hidden" and not stored at my brokers, I can then have the function of OCO.

That's what I know at this end. Take Care!

Steve
  • Post #3,783
  • Quote
  • Feb 28, 2011 9:35pm Feb 28, 2011 9:35pm
  •  NeoRio
  • | Commercial Member | Joined Aug 2009 | 647 Posts
Quoting SteveW
Disliked
Neo, glad to see that you use it. I've come to respect your views here, so good to know that I'm in the same camp as you. My broker is MB Trading and I listened to the MyFx webinar last week sponsored by MB Trading even though I've had the program for a month....
Ignored
Thanks for the kind words. I've been using MYFX for about year now. It has reduced my losses greatly, as I use a default SL setting.

Since MBT is a US broker, they do not allow hedged positions (this was one of the main reasons I went with Dukascopy over MBT). So while MYFX does support OCO trading, it will not work with a US broker. Are you saying that MBT is now allowing hedged positions?

Kind Regards,
NeoRio
Sentiment: Short on cash. Long on hope.
  • Post #3,784
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  • Feb 28, 2011 10:23pm Feb 28, 2011 10:23pm
  •  SteveW
  • | Joined Feb 2008 | Status: Member | 47 Posts
Quoting NeoRio
Disliked
Thanks for the kind words. I've been using MYFX for about year now. It has reduced my losses greatly, as I use a default SL setting.

Since MBT is a US broker, they do not allow hedged positions (this was one of the main reasons I went with Dukascopy over MBT). So while MYFX does support OCO trading, it will not work with a US broker. Are you saying that MBT is now allowing hedged positions?

Kind Regards,
NeoRio
Ignored
Neo, no MBT does not allow hedging. FX Executor Pro is a script that keeps everything on your own computer and doesn't share it with the broker. It's meant more for deal desk operations, not for an ECN such as MB Trading. Because it holds all order information on your own computer, it does allow for OCO with any broker...at least the way I understand it.

You can google it to find out more about it. Hope this helps.

Steve
  • Post #3,785
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  • Mar 1, 2011 12:51am Mar 1, 2011 12:51am
  •  normanauf
  • | Joined Aug 2010 | Status: Member | 36 Posts
hi steve,
thanks for the info on myfx.
norman
  • Post #3,786
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  • Mar 1, 2011 1:05am Mar 1, 2011 1:05am
  •  NeoRio
  • | Commercial Member | Joined Aug 2009 | 647 Posts
Quoting SteveW
Disliked
Neo, no MBT does not allow hedging. FX Executor Pro is a script that keeps everything on your own computer and doesn't share it with the broker.
Ignored
Sounds like a great alternative to be able to use hedged POs with US-based brokers.

Thanks for sharing
Sentiment: Short on cash. Long on hope.
  • Post #3,787
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  • Mar 1, 2011 4:15am Mar 1, 2011 4:15am
  •  galldg
  • | Joined Feb 2011 | Status: Member | 11 Posts
Quoting eelfranz
Disliked
Galldg,

Your not trading the 5 method... what system are you using. On the 5 method you would have entered 4 candles earlier... for a profit going short.
Ignored
Hi Eel,
I was watchin the EURUSD using the 5 method but it hadn't crossed below the 50 line on the TDI, as soon as it did I took the trade short.
I take it that with the 5 method the green crossing the red and the angle of the green is a more important factor that where they cross on the TDI (ie above/below 50)
When the PA closes below 5 EMA you look to the TDI for confirmation, the confirmation you are looking for is green below red (and yellow?) and a good angle on the green. Have I got it yet?
In your experience are you greatly reducing the probability taking the trade before it crosses the 50 line or do you find that a steep green TDI is a strong enough indicator.

Thanks and have a great day trading,
Galldg
  • Post #3,788
  • Quote
  • Mar 1, 2011 5:46am Mar 1, 2011 5:46am
  •  usdtrader
  • | Joined Jul 2004 | Status: Member | 29 Posts
Was wondering the same thing. I've watched Dean Malone's TDI vids where he mentioned that above 50 is the buy zone and vice versa. I guess the text book setup (to go long) is green above red above yellow and above 50.

However it seems for the 5 method based on the screenshots posted, that the 50 line cross is not as important as the angle of the green and the red pointing in the right direction.

But perhaps Big E can elaborate futher.
  • Post #3,789
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  • Mar 1, 2011 6:51am Mar 1, 2011 6:51am
  •  2scoops
  • Joined Jan 2011 | Status: No Longer Trading | 547 Posts
I think Big E has posted several times about this. The green above/below the yellow, red and the 50 is the safest method but when you become confident and experienced enough with the 5 method you don't always need to wait for green to go over the 50. I still follow the safe method as I'm still very new to trading.
  • Post #3,790
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  • Mar 1, 2011 9:13am Mar 1, 2011 9:13am
  •  bythepound
  • | Joined Dec 2007 | Status: Member | 330 Posts
EUR/CAD - Short at 1.3410

2/28/11 @ 2:00 PM PST - (3/1 @ O:OO FXDD chart time)

Input please.
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Without vision, the people will perish.
  • Post #3,791
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  • Mar 1, 2011 9:43am Mar 1, 2011 9:43am
  •  FX-Trader
  • | Joined Feb 2011 | Status: Member | 134 Posts
Quoting TheSnowman
Disliked
Didn't you know that you can drag & drop (copy) the complete MT4 folder to a USB and run it from any computer?

Trade at work, that what I do even with firewall, proxy & password !!!
Ignored
Hi Snowman, did you have to open ports? I cannot get the platform to work at work b/c the 2 way ports it needs are not open for communication? Did you use a workaround in your case?
  • Post #3,792
  • Quote
  • Mar 1, 2011 11:06am Mar 1, 2011 11:06am
  •  Numb3rs
  • Joined Feb 2007 | Status: Balancing | 7,934 Posts
Hi everyone!

I wanted to show this video of Dean's about the average price bars.
Look for set up bars that fit in the category of Normal or Strong APB. This should help to increase success on our trades.

http://www.compassfx.com/video/flash/22108/22108.html

Enjoy the video

Happy Trades
Could it be Man is trying to be something without knowing they're complete?
  • Post #3,793
  • Quote
  • Mar 1, 2011 11:55am Mar 1, 2011 11:55am
  •  michaelwen
  • | Joined Feb 2010 | Status: Member | 99 Posts
hi,guys. show you my two lost trade.
GBPUSD: the red vertical line is where I took the short trade:the yellow vertical line is where I exit trade. Entry:TDI green cross down from TDI yellow. TDI red also point down. this trade goes well at begain. +12 pips. then went to North. hit my SL. because I was away from computer. I set my SL at last swing high from my entry, if I was look at my chart, I should be exit at first blue price bar also at same time TDI green flat .

EURGBP: the red vertical line is where I took the long trade, the yellow vertical line is where I exit trade.
Entry: the green TDI alomst cross yellow TDI. ( the TDI green was Deviation with price bar), TDI red point up. should be exit at first red price bar appear. - 10 pips.
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  • Post #3,794
  • Quote
  • Mar 1, 2011 11:59am Mar 1, 2011 11:59am
  •  michaelwen
  • | Joined Feb 2010 | Status: Member | 99 Posts
the one I should take but I miss it because I was sleep.
USD CAD: long entry at red vertical line. the TDI green cross yellow TDI, and TDI red point up.
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  • Post #3,795
  • Quote
  • Mar 1, 2011 12:05pm Mar 1, 2011 12:05pm
  •  johnsund
  • | Joined Oct 2009 | Status: Member | 140 Posts
Michael -

Looks to me like the problem is that the TDI was at the extremes on both trades. TDI was at or above 68 on the long trade, and at or below the 32 line on the short trade. In both cases very lttle room for moves in the direction you anticipated.
  • Post #3,796
  • Quote
  • Edited at 2:22pm Mar 1, 2011 12:18pm | Edited at 2:22pm
  •  eelfranz
  • Joined May 2008 | Status: Grand Poopaw | 1,488 Posts
Numb3es...

Thanks for posting that video. I'm sure it will help all traders.

For more information about Average Price Bars or the TDI, go to www.compassfx.com and go to their ARCHIVED VIDEOS. Dean has posted hundreds of training videos by CATEGORY (like TDI, etc). He has helped thousands of traders become real traders over the years.
  • Post #3,797
  • Quote
  • Mar 1, 2011 12:37pm Mar 1, 2011 12:37pm
  •  eelfranz
  • Joined May 2008 | Status: Grand Poopaw | 1,488 Posts
Galldg,

Your Question:

1. When the PA closes below 5 EMA you look to the TDI for confirmation, the confirmation you are looking for is green below red (and yellow?) and a good angle on the green. Have I got it yet?
2. In your experience are you greatly reducing the probability taking the trade before it crosses the 50 line or do you find that a steep green TDI is a strong enough indicator.

#1... As a more experienced trader I'm looking for green under red when considering a short trade. I also look at the previous hi/lo and next lower time frame to see what it's doing. This is an aggressive trading style. A consecrative style would wait for green under red, yellow and the 50 line which is the safest...

#2... The aggressive style is looking to make more pips... sometimes it comes back to bite me but most of the time I prevail.
  • Post #3,798
  • Quote
  • Mar 1, 2011 12:41pm Mar 1, 2011 12:41pm
  •  michaelwen
  • | Joined Feb 2010 | Status: Member | 99 Posts
Quoting johnsund
Disliked
Michael -

Looks to me like the problem is that the TDI was at the extremes on both trades. TDI was at or above 68 on the long trade, and at or below the 32 line on the short trade. In both cases very lttle room for moves in the direction you anticipated.
Ignored
look closely please, it is opposit by what you said. TDI yellow near 68 for the short, TDI yellow near 32 for the long
  • Post #3,799
  • Quote
  • Mar 1, 2011 12:46pm Mar 1, 2011 12:46pm
  •  eelfranz
  • Joined May 2008 | Status: Grand Poopaw | 1,488 Posts
usdtrader,

For me your right.
  • Post #3,800
  • Quote
  • Mar 1, 2011 12:48pm Mar 1, 2011 12:48pm
  •  eelfranz
  • Joined May 2008 | Status: Grand Poopaw | 1,488 Posts
2scoops...
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