i trade mostly price action...started to follow and read this topic recently
so..what do u think about the current situation on USDJPY?
so..what do u think about the current situation on USDJPY?
Attached Image (click to enlarge)
- #87,642
- Jun 7, 2018 12:54pm Jun 7, 2018 12:54pm
i trade mostly price action...started to follow and read this topic recently so..what do u think about the current situation on USDJPY? {image}
Well spotted.
I have taken a screenshot from how I see these setups with Heiken Ashi and I use the 5EMA (shift 2).
According to the 5-Method we would enter on the first or second bar (after TDI crossing red-green) to catch as much as possible of the move. But the entry that you show would have worked too - in this case. Note however, that on the higher timeframes we still see a trend up! So I would not have trades this and would wait for the next move up (or for the higher trend to change).
Cheers...
- #87,644
- Jun 7, 2018 1:39pm Jun 7, 2018 1:39pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #87,645
- Jun 7, 2018 9:03pm Jun 7, 2018 9:03pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #87,646
- Jun 7, 2018 9:14pm Jun 7, 2018 9:14pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} hi mister emmanuel I understand good we look at tdi for determin trend? d1 and h4 are our big time frame and h1 is entry time frame and we want tdi green cross red on all three Im always have problem know the trend becauze when Im think trend up next candels is all red and stop loss hit me x-man said good in this post and I need know how identifying trend https://www.forexfactory.com/showthr...8#post11008468
The TDI which is several moving averages of the RSI data shows the price momentum over different periods. TDI does not determine the price trend.
You skills to see both the price trend and its momentum to be in synergy and hit the home run.
A simple approach to see the price trend used by many traders is the use of oving averages. This is no Holy Grail but it works well and when traded with discipline.
TMS traders are known to use the Power of the 10EMA.
You need to know the Power of 10EMA when applied to forex trading. If we want to keep thing simple, this is one which I would recommend traders to simply use the 10EMA in all different timeframes in their top down analysis. CONSISTENCY is key because we all know there is no holy grail.
The Power of 10EMA Post#8,528 by FF member named tango-1
About the Trader Dynamic Index aka TDI:
It is an indicator using multiple moving average of the RSI data. The RSI is derived from the market real price hence the TDI is always lagging the Price Action. To have as good understanding of the TDI, read this book by John Hayden.
RSI: The Complete Guide [click to download] .
For example, when you trade very short term H1,
You need to study Triple Screen Trading Systems by Dr Alexander Elder.
https://www.forexfactory.com/showthr...23#post8701423
Checking three different timeframes charts is a way how we reconcile the TIMING of our trade entry on the lower timeframe where we make our market entry.
We look at the price action and the TDI condition of all three timeframes to confirm the setup is high probability in the direction of the Primary (Dominant) Trend.
Triple Screen Trading System by Dr Alexander Elder Post#23,973, Post#55200, Post#62,175
Triple Screen trading systems : Post#55,203
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #87,647
- Jun 7, 2018 9:22pm Jun 7, 2018 9:22pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
If you come to Forex Factory and try pick a trading system and try to trade, you must know the history of the thread OP.
To learn the TMS 5-Method, better to know the man first and how he started as a newbie trader and evolved through the years.
Doesn't take weeks or years.
About 68 hours to start with.
After that, it is up to you to continue and work on. It can take you years, maybe 2 to 3 years and that depends on what knowledge and experience you have about the market and trading in general.
To learn the TMS 5-Method, better to know the man first and how he started as a newbie trader and evolved through the years.
Doesn't take weeks or years.
About 68 hours to start with.
After that, it is up to you to continue and work on. It can take you years, maybe 2 to 3 years and that depends on what knowledge and experience you have about the market and trading in general.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #87,648
- Jun 8, 2018 3:26am Jun 8, 2018 3:26am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
If you come to Forex Factory and try pick a trading system and try to trade, you must know the history of the thread OP. To learn the TMS 5-Method, better to know the man first and how he started as a newbie trader and evolved through the years. Doesn't take weeks or years. About 68 hours to start with. {image} After that, it is up to you to continue and work on. It can take you years, maybe 2 to 3 years and that depends on what knowledge and experience you have about the market and trading in general.
How did those trade's ended? Looking where price is now.
- #87,649
- Jun 8, 2018 5:59am Jun 8, 2018 5:59am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} Off topic How did those trade's ended? Looking where price is now. {image}
That is trading related and not off-topic.
Those trades were closed before NFP on Jun 01 as I had stated in my post:
https://www.forexfactory.com/showthr...1#post11110071
where you cut-and-pasted my chart from that post.
And GBPUSD May trades closed with good profits.
Now for your own study,
look at your Weekly chart after Week 22 closed, what has happened to the Market Type? Has the down trend ended?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #87,651
- Jun 8, 2018 8:51am Jun 8, 2018 8:51am
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
{quote} The TDI which is several moving averages of the RSI data shows the price momentum over different periods. TDI does not determine the price trend. You skills to see both the price trend and its momentum to be in synergy and hit the home run. A simple approach to see the price trend used by many traders is the use of oving averages. This is no Holy Grail but it works well and when traded with discipline. TMS traders are known to use the Power of the 10EMA. You need to know the Power of 10EMA when applied to forex trading. If we want to keep...
Excellent posting I must say.
Risiko birgt immer auch die Chance.
- #87,652
- Jun 8, 2018 10:22am Jun 8, 2018 10:22am
- | Joined Nov 2016 | Status: Trader | 1,096 Posts
'in less than half an hour he made over 100 ticks'
- #87,654
- Jun 8, 2018 8:42pm Jun 8, 2018 8:42pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #87,655
- Jun 8, 2018 8:49pm Jun 8, 2018 8:49pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{quote} Now that you have the first KEY, you need the second and third KEYs. when you have all three(3) KEYs, you will have to start the hard work like some of us did in 2011 to 2013 that led to the release of TMS-II. you don't need another trading method. TMS 5-Method works great in both short term trends and long term trends. You see these different trend duration in different timeframes. With knowledge and experience, that is what you need to develop your own trading systems, not one but one system for each of the Market Type you defined for...
thank you for this Excellent post , but what are the other 2 keys ?
thanks again
- #87,657
- Jun 9, 2018 7:08am Jun 9, 2018 7:08am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} That is trading related and not off-topic. Those trades were closed before NFP on Jun 01 as I had stated in my post: https://www.forexfactory.com/showthr...1#post11110071 where you cut-and-pasted my chart from that post. And GBPUSD May trades closed with good profits. {image} Now for your own study, look at your Weekly chart after Week 22 closed, what has happened to the Market Type? Has the down trend ended?
Those trades were closed before NFP on Jun 01 as I had stated in my post:
Even that manuale Sell order below 1.32000 (the one right at the bottom with no circled arrow) on a pull-back the monthly profit show no loss.
or that trade manager that you use surely know when to close order's.
How did you do that?
- #87,660
- Jun 10, 2018 4:39am Jun 10, 2018 4:39am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} Not sure what you mean here. The circled order was a limit order. It was executed on market reaching that price. The multiple entries were closed at break even (or 0.25 ADR or some other value above break even) by the EA manager.
Hi Nigpig
You have developed your third eye for trading and is getting better...
most people trade with their two eyes.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett