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  • #22,461
  • Jul 26, 2013 10:31am Jul 26, 2013 10:31am
GU H1 trade NYO:
PA pulls away from TOK_5H high and RN 1.5400, BEEB entry.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 26 Jul h1 trade NYO 26-7-2013 11-25-42 PM.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,462
  • Jul 26, 2013 11:06am Jul 26, 2013 11:06am
Thank you for all the hard-work and for taking the time to teach newbies like us

I have been demo trading for almost a year now and gradually improving with my trades. I am live now with a very small account to learn the nerves and the ropes!

I came across this thread about 2 weeks ago and trying to base my trades on this method. I have had some good trades, especially the short on Usd/jpy.

I took a short on aud/usd today (even though I was hesitating since its a friday). I am attaching the chart. Can somebody tell me if I was looking at it correctly?

Thanks a lot.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.fxs2h4.png Size: 47 KB
  • #22,463
  • Jul 26, 2013 12:01pm Jul 26, 2013 12:01pm
Hey emmanuel,
just a little question. Can you please explain what is the "TOK_5H". I didnīt get it yet.

Thank you.

Best regards,
FX94
  • #22,464
  • Jul 26, 2013 6:39pm Jul 26, 2013 6:39pm
A very busy week at my business....did not have any time to participate on this thread. For anyone interested....here are my trades for the week on EJ H1......most were set and forget trades after the reached 21 pips in profit and the EA moved the SL to BE. I needed my sleep. Fortunately, none of them came back to BE. I keep a picture like this of all my trades week by week so I can go back and review them and learn from them.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.7.26 ej h1 week.png Size: 97 KB
  • #22,465
  • Jul 27, 2013 12:37am Jul 27, 2013 12:37am
hello phx62pls tell us some reason to entry and exit your trades
  • #22,466
  • Jul 27, 2013 1:06am Jul 27, 2013 1:06am
have been trying the cavemanager over the last few days.
Thought I had it configured but it did not work as i expected and i hope someone can help me.

I have it set up to sell 50% of my lots at +20 pips..this works.
The no loss works, but I thought i had it set up to push the TP beyond the original set TP when the trade was in my favour, but this is not working.

Can anybody assist with this part of the set up?
Thanks
  • #22,467
  • Jul 27, 2013 1:26am Jul 27, 2013 1:26am
any advice appreciated.
not a good week. confidence issues with momentun trades. several pullbacks not valid
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jul 24-26 eur.jpy.h1 trade.png Size: 49 KB
Click to Enlarge Name: jul 24-26 h1 trade.png Size: 55 KB
  • #22,468
  • Jul 27, 2013 2:29am Jul 27, 2013 2:29am
Quoting tenmilewalk
any advice appreciated. not a good week. confidence issues with momentun trades. several pullbacks not valid {image} {image}
The 1st EJ trade you are trying to sell right into support. 3rd there was no TDI cross and PA was moving down. On AU I don't see a TDI cross or PA to justify going long. The 2nd trade you took because it started moving up but there was no TDI cross or bounce, now imagine if you entered on the bounce 5 candles later. . . 3rd AU trade TDI is oversold and I just wouldn't go long with so many blue candles, price has to retrace at some point.
  • #22,469
  • Jul 27, 2013 4:05am Jul 27, 2013 4:05am
Quoting Sicarius
{quote} The 1st EJ trade you are trying to sell right into support. 3rd there was no TDI cross and PA was moving down. On AU I don't see a TDI cross or PA to justify going long. The 2nd trade you took because it started moving up but there was no TDI cross or bounce, now imagine if you entered on the bounce 5 candles later. . . 3rd AU trade TDI is oversold and I just wouldn't go long with so many blue candles, price has to retrace at some point.

thank you sicarius
  • #22,470
  • Jul 27, 2013 7:42am Jul 27, 2013 7:42am
Quoting Fx94
Hey emmanuel, just a little question. Can you please explain what is the "TOK_5H". I didnīt get it yet. Thank you. Best regards, FX94
Hello, rrmss, your chart looks impressive enough. However, from here, the view is too distant, difficult to see, too small. May i know what pair, tf, what ma /ema, indicators, sto 633? & TD1 14 . mAY I SUGGEST TO YOU, TRY OUT WITH rsi 2, for H4 H1 ONLY, TQ
  • #22,471
  • Jul 27, 2013 9:31am Jul 27, 2013 9:31am
Quoting francis3388
{quote} Hello, rrmss, your chart looks impressive enough. However, from here, the view is too distant, difficult to see, too small. May i know what pair, tf, what ma /ema, indicators, sto 633? & TD1 14 . mAY I SUGGEST TO YOU, TRY OUT WITH rsi 2, for H4 H1 ONLY, TQ
If you click on the image it gets larger, you can then see the pair, timeframe and he has the standard indicators from this thread on it.
  • #22,472
  • Jul 27, 2013 5:07pm Jul 27, 2013 5:07pm
Quoting longbk
hello phx62pls tell us some reason to entry and exit your trades
Trade 1 was posted earlier.
Trades 2 & 5 were scalp trades based on pullback candles, confirmed by TDI crosses....trade 2 was closed manually on a pullback and trade 5 reached the TP.
Trades 3, 6 & 8 were London session trades taken on the first entry signal following the LO....based on pullback candles and TDI crosses or bounces (#8 was a continuation trade). All 3 were managed by the EA and closed at TP due to work commitments. I monitored each of these trades until they reached or neared 21 pips in profit and then went back to bed due to work commitments 5 or 6 hours later.
Trade 4 was a classic pullback candle formation trade during the Asian session, entered on a break above the pullback candle and confirmed by the TDI. Did not reach the TP, so I closed it on a second pullback candle .
Trade 7 was taken after price bounced off the trendline for the 9th time and the TDI confirmed. Reached the TP.
All of the trades were taken within the rules of my trading plan.
  • #22,473
  • Jul 27, 2013 9:38pm Jul 27, 2013 9:38pm
Quoting Phx62
{quote} Trade 1 was posted earlier. Trades 2 & 5 were scalp trades based on pullback candles, confirmed by TDI crosses....trade 2 was closed manually on a pullback and trade 5 reached the TP. Trades 3, 6 & 8 were London session trades taken on the first entry signal following the LO....based on pullback candles and TDI crosses or bounces (#8 was a continuation trade). All 3 were managed by the EA and closed at TP due to work commitments. I monitored each of these trades until they reached or neared 21 pips in profit and then went back to bed due...

Great H1 trades shared by Phx62. Thank you. keep posting, I am keen to read and learn.

For all you 'lazy' people you may prefer to see and read AIO, here is what I do with Phx62 posts and learn from each and every of his valuable H1 trades.
There are very distinct entries whihc he has mastered and I hope you all will see them through careful study of his posted charts.
He keeps repeating them ... kind of boring .. but that's what TMS is about. Learn, patiently stalk. ...wait, pick your target, take your aim and pull trigger, ...

Trade Well folks.
Attached Image (click to enlarge)
Click to Enlarge Name: Phx62 week 30 EJ .png Size: 226 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,474
  • Jul 27, 2013 9:43pm Jul 27, 2013 9:43pm
Quoting Fx94
Hey emmanuel, just a little question. Can you please explain what is the "TOK_5H". I didnīt get it yet. Thank you. Best regards, FX94

Fx94,

TOK_5H is the traded range of the first 5 hours of the Tokyo market session. See update pic below.

I use that and look for narrow range 30 pips for EU and GU to trade the breakout. For EJ is 50pips.

For GU, go back and look at how the London session traded the first 4 days of this week. It did not make any higher high... consolidation this week.
Next week is month ending on Wed. Where will GU close?

Do your planning for next week.

regards,
EMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: GU 26 Jul h1 trade NYO_1 26-7-2013 11-25-42 PM.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,475
  • Jul 27, 2013 10:40pm Jul 27, 2013 10:40pm
Quoting emmanuel7788
{quote} Great H1 trades shared by Phx62. Thank you. keep posting, I am keen to read and learn.
Thank you Phyx62. You Are a rea inspiration

Emmanuel, am I seeing correctly that Phyx62's trade are bawed on pull back bars, engulffing, inside bars and pulling away/breaking s&r? I recently just read the "4H" strategy only a bit further down in this forum and it seem to make so much sense especially when looking at Phyx's trade
Everything you can imagine, is real - Pablo Picasso
  • #22,476
  • Jul 28, 2013 2:05am Jul 28, 2013 2:05am
Guys,

What is your average of stop loss size in pips for h4 trades (TMS) using Big E Rules? .

Thx
Life Is Good
  • #22,477
  • Jul 28, 2013 7:27am Jul 28, 2013 7:27am
From what I have read, Big E said to place it just below the last low or above the last high.
When I Buy Price Short, When I Sell Price Goes Long.
  • #22,478
  • Jul 28, 2013 8:04am Jul 28, 2013 8:04am
Quoting cowcool
Guys, What is your average of stop loss size in pips for h4 trades (TMS) using Big E Rules? . Thx
if your question is on initial stop loss, you need to look at your chart price action and look at where the recent swing high/low where your trade entry is.
it is not about how many pips because different currency pari has different volatility. You need to check the H4 volatility at the time of your trade setup and entry. Sometimes the last swing high/low may not work out.

when you are managing trades, then the volatility stop using a factor of ATR work well. I usually use 2 times the ATR(10) on H4.

Read up on Volatility Stops

..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,479
  • Jul 28, 2013 8:14am Jul 28, 2013 8:14am
Chandelier Exit ..... is one type of volatility stop

read post 20,140

download it and use it on your charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,480
  • Jul 28, 2013 8:59am Jul 28, 2013 8:59am
Hi, based on phy62's latest post, i saw that he actually know when is a pullback and when is a trend change.

so, my question here is how to we spot pullbacks and trend change? this is because i realize that i always enter a trade in a pullbacks and set my tp very high and at the end lead me to a losing position.

should i go to higher timeframe to draw trendline so that i know what is the overall trend so that when the candles is going to a different direction i know that it is a pullback?

i will be very glad if somebody answer me.

thank you and have a niceday
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