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Trading Made Simple

  • #85,681
  • Jan 18, 2018 5:12am Jan 18, 2018 5:12am
EURJPY Week 03 Jan 18 H4

starting to move a little more ... I don't buy until I see....

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,682
  • Jan 18, 2018 7:30am Jan 18, 2018 7:30am
Quoting emmanuel7788
EURJPY Week 03 Jan 18 H4 starting to move a little more ... I don't buy until I see.... {image} {image}
Emm, can I have your assistance with my chart for EU H4. Using Smoothed 5MA High and low. In the recent consolidation I have my candles opening above and below. My H4 bars at at 00:00 04:00,08:00 GMT and so on. Should I change my broker to get a better match? The open signals seem far more frequent than yours.
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  • #85,683
  • Jan 18, 2018 7:37am Jan 18, 2018 7:37am
Quoting nigpig
{quote} Emm, can I have your assistance with my chart for EU H4. Using Smoothed 5MA High and low. In the recent consolidation I have my candles opening above and below. My H4 bars at at 00:00 04:00,08:00 GMT and so on. Should I change my broker to get a better match? The open signals seem far more frequent than yours. {image}
you don't have to match brokers.
different brokers with different server time hence you will have different H4 candles, also when DST kicks in, brokers will also adjust their server time too and it may affect your trading too.

tell me which broker you use and I will open an account with them and compare live trading results.

does your broker use Sydney Open as Day Open?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,684
  • Jan 18, 2018 7:45am Jan 18, 2018 7:45am
Quoting emmanuel7788
{quote} you don't have to match brokers. different brokers with different server time hence you will have different H4 candles, also when DST kicks in, brokers will also adjust their server time too and it may affect your trading too. tell me which broker you use and I will open an account with them and compare live trading results. does your broker use Sydney Open as Day Open?
I know all about different server times. It's just the result of the data gives more open above and below 5SMA giving me more failed trades.
I'm using Forex.com-Demo 5 which has day start at 00:00 GMT.
  • #85,685
  • Edited 8:26am Jan 18, 2018 8:14am | Edited 8:26am
Quoting nigpig
{quote} I know all about different server times. It's just the result of the data gives more open above and below 5SMA giving me more failed trades. I'm using Forex.com-Demo 5 which has day start at 00:00 GMT.
If I run a period converter indicator on M30 at X8 +2H I get exactly your chart as an offline chart. Might have to do this for now.

Edit: but then it doesn't work on VPS probably due to no dlls allowed.
  • #85,686
  • Jan 18, 2018 9:23am Jan 18, 2018 9:23am
I am close Short UJ Ratio 2.5

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And Buy NJ (BE) + EG running

Week not clear.
  • #85,687
  • Jan 18, 2018 9:27am Jan 18, 2018 9:27am
Quoting emmanuel7788
{quote} Hey Botan626, stop wasting your time asking basic programming questions. Do something meaningful which can make you rich in future. Learn it the hard way like I did many years ago. Here is is what you should look into and spend more time in coding: Back-testing Expert Advisor EA Here in FF are two EAs which can be used for back-testing. https://www.forexfactory.com/showthread.php?t=292301 this one by SteveHopwood is good but the codes are very long. https://www.forexfactory.com/showthread.php?t=349418 the one xTDI by...
It is a backtest On what criterion?
I tried to backtest the method, but the calculation mode is very long and MT4 freezes after a while: /
But I am not a developer.
I am just blonde lol
  • #85,688
  • Jan 18, 2018 9:31am Jan 18, 2018 9:31am
Quoting Divergence
I posted this pdf last night to help you understand PA heres what it looks like on a chart in 30 minutes this made 120 ticks via 3 trades {image} {image}
Do you have a topic to talk about your method?
it looks really interesting.
But I have trouble understanding the 123 formation in real time. I see better in the past ...
you still apply it on the NasDaq?
  • #85,689
  • Jan 18, 2018 10:42am Jan 18, 2018 10:42am
In simple terms price makes a new low the retrace then it attempts to take out that low but doesn't the high point where it retraced is point 2 then price takes out point 2 signifying a trend change
  • #85,690
  • Jan 18, 2018 11:30am Jan 18, 2018 11:30am
Last nights recreation of your chart again for reference;

Cup & Handle pattern;

Attached Image (click to enlarge)
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Today's Dax chart;

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Point 1 is lowest point of pullback, point 2 is a HH, point 3 is a HL. These are confirmed after each is printed. The next HH confirms the 123, now look for PA to retrace back to where the original Demand (point 3) occurred.

(Reverse the above for shorts)

There is absolutely NO method which can give you a better R:R ratio, as stoploss is below point 3 (the point of invalidation)
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  • #85,691
  • Jan 18, 2018 11:45am Jan 18, 2018 11:45am
You can also use a smaller timescale/faster tickrate, and dial in on PA at the likely reversal points for added confidence;

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Here price reacts at the prior Demand pinbar and prints a small 123 which triggers with a HH and then pulls back to the top of the pinbar candle body. It is exactly the same as the above, but on a smaller scale...

Taking the long there means tiny risk and yet you have caught the turn of a move on a much larger scale
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #85,692
  • Jan 18, 2018 4:59pm Jan 18, 2018 4:59pm
Quoting The Cableguy
You can also use a smaller timescale/faster tickrate, and dial in on PA at the likely reversal points for added confidence; {image} Here price reacts at the prior Demand pinbar and prints a small 123 which triggers with a HH and then pulls back to the top of the pinbar candle body. It is exactly the same as the above, but on a smaller scale... Taking the long there means tiny risk and yet you have caught the turn of a move on a much larger scale
Great stuff Cableguy - practical and effective.
every Saint has a past. Every Sinner has a Future
  • #85,693
  • Jan 18, 2018 5:35pm Jan 18, 2018 5:35pm
Quoting eelfranz
Entries and exits... We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce... Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal. If you add other things it will influence your decisions... usually to your detrament. Don't try to complicate it thinking it can't be this easy. Important to study TDI entries...
there is one problem in this post.
anyone who knows the problem will know how to make money using Big E' 5-Method

Entries and exits...

We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...

Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.

If you add other things it will influence your decisions... usually to your detrament. Don't try to complicate it thinking it can't be this easy.

Important to study TDI entries on old charts, any time frame... Give yourself a chance and trade it like it's layed out...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,694
  • Jan 18, 2018 5:45pm Jan 18, 2018 5:45pm
Quoting emmanuel7788
AUDJPY Week 03 Jan 18 H4 London session Looking at Previous Price Action PPA. At the moment still looking bullish with the APB/HA colour and D1 is trading above its 10EMA. Resistance aboe seen in the Weekly and that candle. No selling AJ at the moment. Using the Price Action Channel PAC, I sell when I see PA below the PAC. {image} {image}

AUDJPY H4 jan 19

still no sign of reversal to downside ... so there is no selling for TMS traders.
there is a TIMING to when to sell and when to buy not just the Location to sell or buy.
the PAC is just a nice visual trading tool to show use the Location.
we trade the price with proven money management strategy , we do not the moving averages.
we do not want our trading capital to be locked in floating losses/Drawdown for extended period like weeks and months.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week 03 Jan 19 HH HL.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,695
  • Jan 18, 2018 5:49pm Jan 18, 2018 5:49pm
Quoting nigpig
{quote} If I run a period converter indicator on M30 at X8 +2H I get exactly your chart as an offline chart. Might have to do this for now. Edit: but then it doesn't work on VPS probably due to no dlls allowed.

don't use commercial VPS providers.

buy your own server and have it co-located in a reputable data centre in one of the major cities like London, New York, Sydney, ...

you have full admin of your own server.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,696
  • Jan 18, 2018 5:51pm Jan 18, 2018 5:51pm
Quoting fleurdelys
{quote} It is a backtest On what criterion? I tried to backtest the method, but the calculation mode is very long and MT4 freezes after a while: / But I am not a developer. I am just blonde lol

use that as a strategy tester and decide on your own entry and exit rules/conditions.

your MT4 freezes can be often due to missing files which the tester looks for.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,697
  • Jan 18, 2018 6:00pm Jan 18, 2018 6:00pm
Quoting samuel2133
if you check the OP's guidelines for this method, he uses mainly basic and fundamental forex stuff (support resistance, breakout or bounce etc....) so saying this strategy is solely based in TDI cross or bounce is a falacy. But I guess lots of newbies are looking for a ''system'' while they could just read babypips (it contains really everything needed to trade successfully and develop your own method) yes there is more than a system involved in trading and the OP indirectly confirmed it with his basic forex rules (in his mind they might have a...

from what I read in all his posts in FF, he had the Stochastics in four different 'systems' he traded with

and he mentioned he use the 5EMA, Typical Price, Shift+3 from another system.

he also used shift in his 21/233 Method,

which systems back in 2008 uses shift in their moving average?

Big E was tweaking different methods/systems since 2008 till 2010. Sad thing is he died and we don't know what else he would have done here in FF.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,698
  • Jan 18, 2018 8:10pm Jan 18, 2018 8:10pm
Quoting emmanuel7788
{quote} don't use commercial VPS providers. buy your own server and have it co-located in a reputable data centre in one of the major cities like London, New York, Sydney, ... you have full admin of your own server.
Hi Emm,
This is great information for all of us!
As you are in Australia, do you use an Australian server or do you use one close to your Fx broker? BTW - Who is your broker?
Can you suggest a server config for some one starting out in Fx trading through a remote terminal please? I reckon, this will help a lot of us.
Kind regards.

Sachu
  • #85,699
  • Jan 18, 2018 8:11pm Jan 18, 2018 8:11pm
just trying to help don't you all see how late you are getting into trades? wouldn't you want to buy lower and sell higher? just saying think about it
  • #85,700
  • Jan 18, 2018 8:23pm Jan 18, 2018 8:23pm
Quoting emmanuel7788
{quote} there is one problem in this post. anyone who knows the problem will know how to make money using Big E' 5-Method Entries and exits... We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce... Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal. If you add other things it will influence your decisions......
Emmanuel - is the problem with ellfranz's post is that he made no mention of the PAC?
Without vision, the people will perish.
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