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scalping template tma

  • #281
  • Jul 19, 2017 11:00pm Jul 19, 2017 11:00pm
EURJPY
Thanks djms.
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  • #282
  • Jul 20, 2017 12:05am Jul 20, 2017 12:05am
Quoting djms
{quote} no problem at all its a pleasure to share something with the community, please post some of your trades to help others if you have the time......
Djms,

Thanks for the system mate...

1.You said, you don't trade high impact news, do you also stay on sidelines during the medium impact news items?

2. What would you suggest in terms of S/L for higher time frames like 15 Min, 1 HR etc...?
  • #283
  • Jul 20, 2017 12:35am Jul 20, 2017 12:35am
Thank you so much

Can anyone help me about mql4 file function?
  • #284
  • Jul 20, 2017 3:41am Jul 20, 2017 3:41am
Quoting aaven
{quote} Djms, Thanks for the system mate... 1.You said, you don't trade high impact news, do you also stay on sidelines during the medium impact news items? 2. What would you suggest in terms of S/L for higher time frames like 15 Min, 1 HR etc...?
Great example for why to sit out high impact news: GJ at 09:30 GMT.

I keep a tab of FF calendar permanently open. Stay frosty!
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Money won't solve all your problems, but it will solve your money problems.
  • #285
  • Jul 20, 2017 4:34am Jul 20, 2017 4:34am
Quoting FiberStage
{quote} Great example for why to sit out high impact news: GJ at 09:30 GMT. I keep a tab of FF calendar permanently open. Stay frosty! {image}
Thanks for the example buddy...
  • #286
  • Jul 20, 2017 9:42am Jul 20, 2017 9:42am
using donchian instead of tma, sorry i keep switching things up guys but for me the donchian channels make life easier plotting your s/r. price often doesnt extend to the bands but will pull back into structure. trend still identified with the t3's but some more structure play coming in. few losses today but thats usual, this is no holy grail mwahaha but i still made points even though got some losses.

higher time frames say down on this one so i;ll hang back taking more longs unless it breaks topside and pulls back in.
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  • #287
  • Jul 20, 2017 9:48am Jul 20, 2017 9:48am
DJMS

Thank you for sharing this, it is great. Only just found it today and have read all of the posts and can see how it's evolved. Can you confirm that I have attached all of the latest recommended indicators to my chart. I have PZ support/resistance, T3 Clean, 50 and 240 and TMA+CG. I tried to use Ryders file from post 95 but just get a line of Ivory coloured bars at the bottom of the chart and I am sure this is incorrect. Once again, many thanks.
  • #288
  • Jul 20, 2017 10:22am Jul 20, 2017 10:22am
Quoting djms
using donchian instead of tma, sorry i keep switching things up guys but for me the donchian channels make life easier plotting your s/r. price often doesnt extend to the bands but will pull back into structure. trend still identified with the t3's but some more structure play coming in. few losses today but thats usual, this is no holy grail mwahaha but i still made points even though got some losses. higher time frames say down on this one so i;ll hang back taking more longs unless it breaks topside and pulls back in. {image}
What's the arrow indicator that you're using with this?
  • #289
  • Jul 20, 2017 10:33am Jul 20, 2017 10:33am
t3's say short so thats half the battle sometimes, back to structure and donchian and brn thats my last one for today....
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  • #290
  • Jul 20, 2017 10:40am Jul 20, 2017 10:40am
Quoting dizzz
{quote} What's the arrow indicator that you're using with this?
lol
  • #291
  • Jul 20, 2017 10:41am Jul 20, 2017 10:41am
Quoting djms
t3's say short so thats half the battle sometimes, back to structure and donchian and brn thats my last one for today.... {image}
What Donchian channel are you using?20 period?
  • #292
  • Jul 20, 2017 10:42am Jul 20, 2017 10:42am
did you say higher TFs say down but you will keep taking longs?
  • #293
  • Jul 20, 2017 10:52am Jul 20, 2017 10:52am
Quoting djms
{quote} lol
Djms,

Sorry to be a bother, but could you attach the indi+template of the latest revision...

Thanks
  • #294
  • Jul 20, 2017 10:55am Jul 20, 2017 10:55am
Caution! Donchian Channel is often used for breakouts and not reversals. Unless you have a new twist to it.
  • #295
  • Jul 20, 2017 11:05am Jul 20, 2017 11:05am
Quoting FiberStage
Also, is this a good example of an exhausted market? Would you guys be trading here as broader consolidation occurs after a solid run up? Much appreciated. {image}
What's the arrow indicator that you're using on this chart?
  • #296
  • Jul 20, 2017 11:18am Jul 20, 2017 11:18am
Quoting angelsterritory
Caution! Donchian Channel is often used for breakouts and not reversals. Unless you have a new twist to it.
you can use them for breakouts but your strike rate will be terrible because of low R:R you will get

in down trend i look for pullbacks to upper channel visa versa on uptrend, i use the channels to draw my s/r as well see attached pic
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  • #297
  • Jul 20, 2017 11:37am Jul 20, 2017 11:37am
Quoting djms
{quote} you can use them for breakouts but your strike rate will be terrible because of low R:R you will get in down trend i look for pullbacks to upper channel visa versa on uptrend, i use the channels to draw my s/r as well see attached pic {image}
It's looking like a super channel indicator not Donchian Channel !

Please correct me if i am wrong.
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  • #298
  • Jul 20, 2017 11:45am Jul 20, 2017 11:45am
Quoting saad007
{quote} It's looking like a super channel indicator not Donchian Channel ! Please correct me if i am wrong. {image}
possibly....

whatever its called it helps make my life easier haha but you can just use original support resistance indi - doesnt matter so long as it helps you spot structure.
  • #299
  • Jul 20, 2017 12:02pm Jul 20, 2017 12:02pm
Quoting djms
{quote} possibly.... whatever its called it helps make my life easier haha but you can just use original support resistance indi - doesnt matter so long as it helps you spot structure.
Yes.It's better than TMA channel.
  • #300
  • Jul 20, 2017 1:00pm Jul 20, 2017 1:00pm
I was just checking out this system thanks for sharing but could we get the latest update of indicators and template please?

I trade a similar system at the minute, but would like to try this it looks pretty good IMO good job.
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