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Trading Made Simple

  • #81,421
  • Aug 12, 2017 3:21pm Aug 12, 2017 3:21pm
Quoting RSP.fx
Curiously I can not change the color of the blue line (to yellow). Are they correct?
Try the indicator here: https://www.forexfactory.com/showthr...9#post10169539
  • #81,422
  • Aug 12, 2017 6:49pm Aug 12, 2017 6:49pm
Quoting California
{quote} Try the indicator here: https://www.forexfactory.com/showthr...9#post10169539
Hello,

Those are mt4 indicators. I am adjusting one that emmanuel7788 posted a while back.

I want to be sure about the values on the indicator.

Thanks.

RSP
  • #81,423
  • Aug 12, 2017 11:49pm Aug 12, 2017 11:49pm
Quoting RSP.fx
Hello everyone, I'm implementing the TMS method in MT5, and based on the values I found in this forum, I changed the indicator available there. Curiously I can not change the color of the blue line (to yellow). Are they correct? Thank you. RSP{image}

your blue colour line does not look like the Market Base Line which is a 34 period moving average of the RSI data period 10.

you can use the Bollinger Band period 34 and apply that to the RSI data.
the BB period 34 which is the simple moving average is the Yellow Line of the TDI.

you can download the TDI MT5 version [click] TDI MT5 to download.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,424
  • Aug 13, 2017 2:10am Aug 13, 2017 2:10am
Quoting emmanuel7788
{quote} your blue colour line does not look like the Market Base Line which is a 34 period moving average of the RSI data period 10. you can use the Bollinger Band period 34 and apply that to the RSI data. the BB period 34 which is the simple moving average is the Yellow Line of the TDI. you can download the TDI MT5 version [click] TDI MT5 to download.
hi emm,
waiting for your aussie weekly update. thanks.
  • #81,425
  • Aug 13, 2017 4:45am Aug 13, 2017 4:45am
Hi all, a small update of my EA.
Attached File(s)
File Type: ex4 BiM_LRSF_061.ex4   106 KB | 311 downloads

This version corrects a problem where the SL would not move to break-even.
Remember, only use it on demo-accounts. This EA is still under test.
Cheers.
  • #81,426
  • Aug 13, 2017 6:25am Aug 13, 2017 6:25am
Quoting chnp
{quote} hi emm, waiting for your aussie weekly update. thanks.

This would be simple for me as I have open sell positions and also taken profits in the past weeks. I will co tinue to sell with ME/ME until I see support.

Overall, we saw the 3 COMMOD currencies AUD, CAD and NZD went through corrections after few weeks trending move.

Look at the AU multi-charts below.
MN reacted at the 50EMA also the BRN 0.8000. I see this as correction and not a reversal.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 33 POMO with multi-charts.png Size: 96 KB


On my MN BPP chart below, there are historical price swing levels above current price action. These are possible target levels when AU get bullish again.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 33 MN BPP.png Size: 30 KB


The Weekly BPP shows recent resistance which price reacted last week.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 33 W1 BPP.png Size: 31 KB


On the D1 chart below, we exit our sell trades when the APB/HA closes with colour change. Look for support to buy.
Note the small D1 candle which indicator of low volatility in recent days. Also take note of the TDI VB blue bands.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 33 D1 BPP.png Size: 63 KB



Do no forget to check the calendar for major events and also the correlated pairs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,427
  • Aug 13, 2017 6:45am Aug 13, 2017 6:45am
Quoting v2vboni
...just waiting for that BOC Monetary Policy statement and Interest Rate news {image}
Good Morning V2,

I am sorry to see your indicator thread binned. Would it be possible to get a copy of your latest Zip file?

Does anyone else have the latest zip file prior to the thread being binned?

Thanks
Successful people do what unsuccessful people are not willing to do
  • #81,428
  • Aug 13, 2017 7:23am Aug 13, 2017 7:23am
Quoting emmanuel7788
{quote} your blue colour line does not look like the Market Base Line which is a 34 period moving average of the RSI data period 10. you can use the Bollinger Band period 34 and apply that to the RSI data. the BB period 34 which is the simple moving average is the Yellow Line of the TDI. you can download the TDI MT5 version [click] TDI MT5 to download.
Thank you, but when I try yo compile the .mq5 into .ex5 I get the error bellow. Any suggestions?
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de ecrã 2017-08-13, às 11.52.48.png Size: 15 KB
  • #81,429
  • Aug 13, 2017 7:30am Aug 13, 2017 7:30am
Quoting emmanuel7788
{quote} your blue colour line does not look like the Market Base Line which is a 34 period moving average of the RSI data period 10. you can use the Bollinger Band period 34 and apply that to the RSI data. the BB period 34 which is the simple moving average is the Yellow Line of the TDI. you can download the TDI MT5 version [click] TDI MT5 to download.
Found this one ....
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de ecrã 2017-08-13, às 13.29.24.png Size: 59 KB
  • #81,430
  • Aug 13, 2017 8:07am Aug 13, 2017 8:07am
Quoting RSP.fx
Hello everyone, I'm implementing the TMS method in MT5, and based on the values I found in this forum, I changed the indicator available there. Curiously I can not change the color of the blue line (to yellow). Are they correct? Thank you. RSP{image}
Can you please post your TrendRSI_V1 indicator? MT4 version.

Thanks
  • #81,431
  • Aug 13, 2017 9:43am Aug 13, 2017 9:43am
Quoting rcbarlow
{quote} Can you please post your TrendRSI_V1 indicator? MT4 version. Thanks
this could be it
https://www.mql5.com/en/code/7391
  • #81,432
  • Aug 13, 2017 10:01am Aug 13, 2017 10:01am
Pax, Thank you very much.
  • #81,433
  • Aug 13, 2017 10:39am Aug 13, 2017 10:39am
Quoting rcbarlow
{quote} Can you please post your TrendRSI_V1 indicator? MT4 version. Thanks
Sorry,

I only have the mt5 version.

RSP
  • #81,434
  • Edited 11:45pm Aug 13, 2017 6:12pm | Edited 11:45pm
Edit: should be EURUSD not EURUAD...typo mistake.

EURUAD Week 33 Aug 14

Technically, I see it will push higher,
MN above 50EMA,
W1 above 10EMA
D1 PA say it is good to buy,

H4 - 10MA above 50EMA above 200EMA.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 33 Aug 14 multi-charts.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,435
  • Aug 13, 2017 7:46pm Aug 13, 2017 7:46pm
Quoting emmanuel7788
EURUAD Week 33 Aug 14 Technically, I see it will push higher, MN above 50EMA, W1 above 10EMA D1 PA say it is good to buy, H4 - 10MA above 50EMA above 200EMA. {image}
Thanks I agree! I went long on 8/1 D1 candle currently trailing my SL.

When you do your planning charts are they different than your training charts? I'm trying to find a system that works well and is quick to cycle through.

Also when trading D1 have you found it better in the long term to trade away from the EMA50? I don't have a large data pool, however on my limited trades I see both TP and SL.
Attached Image (click to enlarge)
Click to Enlarge Name: 080117 euraud tms d1.PNG Size: 74 KB
Successful people do what unsuccessful people are not willing to do
  • #81,436
  • Aug 13, 2017 11:25pm Aug 13, 2017 11:25pm
Quoting emmanuel7788
{quote} This would be simple for me as I have open sell positions and also taken profits in the past weeks. I will co tinue to sell with ME/ME until I see support. Overall, we saw the 3 COMMOD currencies AUD, CAD and NZD went through corrections after few weeks trending move. Look at the AU multi-charts below. MN reacted at the 50EMA also the BRN 0.8000. I see this as correction and not a reversal. {image} On my MN BPP chart below, there are historical price swing levels above current price action. These are possible target levels when AU get bullish...
Hi Emmanuel,

Thank you for sharing your BPP on AU. May I have 2 questions?

Here in this thread we talked about reversal quite a bit and whenever people ask about reversal I noticed you reply you need at least 2 weekly candles. In the above case, you say you were seller last week, 7-11 August. What made you to be a seller from last week? Yes, monthly is reacting at 50 EMA, but W1 candle the week before is only the first bearish candle after bullish run and is an inside bar not even making lower low.

The other question refers to position building. You say you are seller with MEME this week and also you would exit if APB closes with color change. By selling with MEME you are prepared to open 5 positions at every 0.5 ATR in the retrace but the rule to exit with APB color charge does not seem to allow you to build that 5 positions. Can you please explain?

Thank you very much for you help as always.

Okoso
  • #81,437
  • Aug 13, 2017 11:51pm Aug 13, 2017 11:51pm
Quoting TampaFX
{quote} Thanks I agree! I went long on 8/1 D1 candle currently trailing my SL. When you do your planning charts are they different than your training charts? I'm trying to find a system that works well and is quick to cycle through. Also when trading D1 have you found it better in the long term to trade away from the EMA50? I don't have a large data pool, however on my limited trades I see both TP and SL. {image}

Hi

sorry, that post should be EURUSD. I corrected that.

Would be better when we trade the price action as it moves away from the 50EMA.

I have only one planning chart template where I saved all details.
I only use the pipware mini charts to post here instead of posting several charts - MN, W1, D1 and H4. I want people here to look at the 10EMA, 50EMA and 200EMA in each different chart TF and pick the higher probability trade direction.
Only trade counter trend when there is huge space "daylight" between the 50EMA and 200EMA. There must be room for TP with good R:R.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,438
  • Aug 13, 2017 11:58pm Aug 13, 2017 11:58pm
Hi fellow traders,

My pick for this week MEME trade is long EURCAD. PA is above EMA 10, 50 200, making higher high, higher low on weekly and also daily. TDI above 50 and also yellow on W1 and D1. Other plans are long EG, XAUUSD, short NJ.

Thanks for your comments.

Okoso
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADWeekly14.08.17.png Size: 49 KB
  • #81,439
  • Edited 12:35am Aug 14, 2017 12:25am | Edited 12:35am
Quoting okoso
{quote} Hi Emmanuel, Thank you for sharing your BPP on AU. May I have 2 questions? Here in this thread we talked about reversal quite a bit and whenever people ask about reversal I noticed you reply you need at least 2 weekly candles. In the above case, you say you were seller last week, 7-11 August. What made you to be a seller from last week? Yes, monthly is reacting at 50 EMA, but W1 candle the week before is only the first bearish candle after bullish run and is an inside bar not even making lower low. The other question refers to position building....

Look carefully at AU MN chart. It is not trending but wide ranging to the upside. When MN hit 50EMA, I was not looking at reversal but rather looking at trading the possible correction. If I look for reversal, then the W1 2 bar reversal is what I usually look for in the bar pattern. An example os USDCAD, I did mention 2 bar Weekly reversal pattern.

In the case of AUDUSD, when MN tested its 50EMA, have a look at the D1 chart. Did you see price action vs TDI divergence? Also in H4.

When you trade these COMMOD pairs - AUD, CAD and NZD, good to follow Kathy Lien and Boris Schloessberg weekly analysis at Peppertsone to get a feel of the market fundamentals and sentiments these two talk about.
Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,440
  • Aug 14, 2017 7:57am Aug 14, 2017 7:57am
Quoting emmanuel7788
{quote} Hi sorry, that post should be EURUSD. I corrected that. Would be better when we trade the price action as it moves away from the 50EMA. I have only one planning chart template where I saved all details. I only use the pipware mini charts to post here instead of posting several charts - MN, W1, D1 and H4. I want people here to look at the 10EMA, 50EMA and 200EMA in each different chart TF and pick the higher probability trade direction. Only trade counter trend when there is huge space "daylight" between the 50EMA and 200EMA. There must be...
First thanks for the info!

Second I also agree on EU. I'm going to trade it long off the D TF context using H4 MEME.
Successful people do what unsuccessful people are not willing to do
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