news for this week 10 mar 04 to 08,
pick the pairs,
pick the day to trade.
pick the pairs,
pick the day to trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #94,462
- Edited 10:37am Mar 4, 2019 9:00am | Edited 10:37am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} Second trade Same method, day in / day out. {image}
Very late with this entery.
Blue V-Line is the correct entry point.
Take note how strong the down trend is when the TDI green is below 5
{quote} Follow up Very late with this entery. Blue V-Line is the correct entry point. Take note how strong the down trend is when the TDI green is below 5 {image}
Follow the simple rules.
Do it constantly.
Grow account.
- #94,465
- Mar 4, 2019 12:31pm Mar 4, 2019 12:31pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #94,467
- Mar 4, 2019 1:34pm Mar 4, 2019 1:34pm
- Joined Nov 2008 | Status: Trader | 50,263 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #94,468
- Mar 4, 2019 1:47pm Mar 4, 2019 1:47pm
- Joined Nov 2008 | Status: Trader | 50,263 Posts
EURAUD Mar 05 Example of a reversal candle H1, but we trade later when FO and LO. {image} If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade. 5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... practice on Demo... take some chances and see if yor head computer was right... it's free....
It was a boring Monday waiting for a best setup which did not show up. FO and LO did not show many interested parties to buy or sell.
1.600 still is psych level for this week... its Monday Open and also Week Open. Check calendar events.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #94,469
- Mar 4, 2019 2:10pm Mar 4, 2019 2:10pm
- Joined Nov 2008 | Status: Trader | 50,263 Posts
DE30 Mar 04 POMO
learn to spot reversal candles,
Like the late OP, I love trading H4 charts for many years. One quick look every 4 hours, you would know if there are any potential trades. Missed one H4 period, no big deal come back the next 4 hours. This way you do not have to lose any 8 hours of sleep.
Choose the best hours of any particular pairs, DE30 is best during just after Tokyo 5H , Frankfurt Open FO till London Close LC.
Follow the basics of TMS and do not change anything until you have CONSISTENCY to show as proof.
1) use the REVERSAL candle technique the way Big E have shown us in his old thread.
2) use the APB/HA candles, there are ''secrets' in it
3) use the 5EMA, it is the simplest buy or sell decision for visual traders like Big E.
when you have mastered 1) 2) and 3) above, you would have learned why the TDI is lagging 1) ,2) and 3).
It is quite simple.
Spend the rest of your time on other trading subjects - money management, develop your mental strategies to deal with the markets.
learn to spot reversal candles,
Like the late OP, I love trading H4 charts for many years. One quick look every 4 hours, you would know if there are any potential trades. Missed one H4 period, no big deal come back the next 4 hours. This way you do not have to lose any 8 hours of sleep.
Choose the best hours of any particular pairs, DE30 is best during just after Tokyo 5H , Frankfurt Open FO till London Close LC.
Follow the basics of TMS and do not change anything until you have CONSISTENCY to show as proof.
1) use the REVERSAL candle technique the way Big E have shown us in his old thread.
2) use the APB/HA candles, there are ''secrets' in it
3) use the 5EMA, it is the simplest buy or sell decision for visual traders like Big E.
when you have mastered 1) 2) and 3) above, you would have learned why the TDI is lagging 1) ,2) and 3).
It is quite simple.
Spend the rest of your time on other trading subjects - money management, develop your mental strategies to deal with the markets.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #94,470
- Mar 4, 2019 2:33pm Mar 4, 2019 2:33pm
- Joined Nov 2008 | Status: Trader | 50,263 Posts
{quote} I have not looked at this pair for a long time lol. It has one of the smallest ATR's i've ever seen
well, like someone used to say, when he was trading H1, he could sell and buy in the same day.
EURGBP was just like every other day where we need a Plan A and a Plan B, sometimes even a Plan C would help us make more money.
yesterday NYO turn around
before NYO,
NYO and the M30 swings
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #94,471
- Edited 3:08pm Mar 4, 2019 2:56pm | Edited 3:08pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
TDI lagging 5EMA???????????
BigE's Post#718
- At one time I used the 5ema in a different way.
- Back then if a candle closed across the 5ema it was the set up candle.
- I would enter the trade at the beginning of the next candle if it was the same color
.... and that still works
... this is more conservative
... I am more aggressive now and noticed I was giving up some pips doing it that way so I changed to using the TDI candle #1 or 2 for entries.
Take note of this sentence:
-------------------------------------
I left it on my chart because I like to see how PA interacts with the 5ema line during the trade.
-------------------------------------
Gives me a better feel for what's going on... that's mainly the reason...
Even better:
This EMA is shift 2, shift 3 is even worse.
Post#25 #1 best 5 ma tdi.tpl use shift=2
BigE's Post#718
- At one time I used the 5ema in a different way.
- Back then if a candle closed across the 5ema it was the set up candle.
- I would enter the trade at the beginning of the next candle if it was the same color
.... and that still works
... this is more conservative
... I am more aggressive now and noticed I was giving up some pips doing it that way so I changed to using the TDI candle #1 or 2 for entries.
Take note of this sentence:
-------------------------------------
I left it on my chart because I like to see how PA interacts with the 5ema line during the trade.
-------------------------------------
Gives me a better feel for what's going on... that's mainly the reason...
Even better:
This EMA is shift 2, shift 3 is even worse.
Post#25 #1 best 5 ma tdi.tpl use shift=2
- #94,472
- Mar 4, 2019 3:06pm Mar 4, 2019 3:06pm
- Joined Nov 2008 | Status: Trader | 50,263 Posts
DE30 Mar 05 D1 Big Picture
It was interesting yesterday it open with gap up. looking to the far left, we see a few previous spikes to that level. That gray zone is danger zone for buyers.
Sometimes the market will set up traders for the slaughter when we traders are just looking for trade setups.
Some traders will sell seeing the yesterday' D1 bearish close.
We shall see by the end of this week.
I have open buy positions in one basket with average entry price 11068. Maybe I make profits or maybe I have to cut-loss this week or breakeven basket with some pips to cover my trading expenses. Never know.
It was interesting yesterday it open with gap up. looking to the far left, we see a few previous spikes to that level. That gray zone is danger zone for buyers.
Sometimes the market will set up traders for the slaughter when we traders are just looking for trade setups.
Some traders will sell seeing the yesterday' D1 bearish close.
We shall see by the end of this week.
I have open buy positions in one basket with average entry price 11068. Maybe I make profits or maybe I have to cut-loss this week or breakeven basket with some pips to cover my trading expenses. Never know.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #94,473
- Mar 4, 2019 3:21pm Mar 4, 2019 3:21pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} Follow up Very late with this entery. Blue V-Line is the correct entry point. Take note how strong the down trend is when the TDI green is below 5 {image} {quote} Follow TDI. Follow the simple rules. Do it constantly. Grow account. {image}
Wait for Frankfort to open.
Simple and would say today was a easy day to trade.
- #94,474
- Mar 4, 2019 3:22pm Mar 4, 2019 3:22pm
- Joined Nov 2008 | Status: Trader | 50,263 Posts
Selective reading a another dangerous thing in this thread.
5EMA Typical Price was mentioned many times starting in the old thread and repeated in this new thread.
Shift+3 or Shift+2, does it matter to you when you do your own system development?
Keep It Simple: why not place two of them 5EMA and do your own compare and forward tests in live market trading.
Do you find more trades with one than the other?
Do you have more winners with one or the other?
Do you have more confidence in one than the other?
Decision would be an easy one when you have done the froward testing and have achieved CONSISTENCY in your trading.
Which ever 5EMA you use, it is still PA that is leading edge and within the basic rules of TMS.
Read this complete not selectively,
Follow the basics of TMS and do not change anything until you have CONSISTENCY to show as proof.
1) use the REVERSAL candle technique the way Big E have shown us in his old thread.
2) use the APB/HA candles, there are ''secrets' in it
3) use the 5EMA, it is the simplest buy or sell decision for visual traders like Big E.
when you have mastered 1) 2) and 3) above, you would have learned why the TDI is lagging 1) ,2) and 3).
It is quite simple.
Spend the rest of your time on other trading subjects - money management, develop your mental strategies to deal with the markets.
The most recent PA setup is simple.
A reversal candle in M15 .
That reversal candle is also a Bearish Engulfing Outside Bar. If I say look at the big candle, you will wonder which candle .
That is simple PA.
After that BEOB reversal candle, we have the classic TMS setup candle. A candle which closes below the 5EMA is a sell setup candle, of course you must have done all the basic forex stuff in Post#647. LOL.
5EMA Typical Price was mentioned many times starting in the old thread and repeated in this new thread.
Shift+3 or Shift+2, does it matter to you when you do your own system development?
Keep It Simple: why not place two of them 5EMA and do your own compare and forward tests in live market trading.
Do you find more trades with one than the other?
Do you have more winners with one or the other?
Do you have more confidence in one than the other?
Decision would be an easy one when you have done the froward testing and have achieved CONSISTENCY in your trading.
Which ever 5EMA you use, it is still PA that is leading edge and within the basic rules of TMS.
Read this complete not selectively,
Follow the basics of TMS and do not change anything until you have CONSISTENCY to show as proof.
1) use the REVERSAL candle technique the way Big E have shown us in his old thread.
2) use the APB/HA candles, there are ''secrets' in it
3) use the 5EMA, it is the simplest buy or sell decision for visual traders like Big E.
when you have mastered 1) 2) and 3) above, you would have learned why the TDI is lagging 1) ,2) and 3).
It is quite simple.
Spend the rest of your time on other trading subjects - money management, develop your mental strategies to deal with the markets.
The most recent PA setup is simple.
A reversal candle in M15 .
That reversal candle is also a Bearish Engulfing Outside Bar. If I say look at the big candle, you will wonder which candle .
That is simple PA.
After that BEOB reversal candle, we have the classic TMS setup candle. A candle which closes below the 5EMA is a sell setup candle, of course you must have done all the basic forex stuff in Post#647. LOL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #94,475
- Edited 4:00pm Mar 4, 2019 3:33pm | Edited 4:00pm
- Joined Nov 2008 | Status: Trader | 50,263 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #94,476
- Mar 4, 2019 3:46pm Mar 4, 2019 3:46pm
- Joined Nov 2008 | Status: Trader | 50,263 Posts
Somethings reading and leaning from a trading forum is simple and you will find answers easily:
Read EVERYTHING like this post this below. Does not matter if that is in the old thread. That thread is where TMS 5-Method started. This thread the OP wanted to share his trading the H4 candles.
When I not convinced which 5EMA is better? Shift+3 or Shift+2,
I do basic research, like use FF forum search of the OP's posts.
This is what I found:
28 posts, and I read them all and counted how many time he said Shift+3. On hindsight, I should have used spreadsheet to do keep count. LOL.
Read EVERYTHING like this post this below. Does not matter if that is in the old thread. That thread is where TMS 5-Method started. This thread the OP wanted to share his trading the H4 candles.
Rotunda... Welcome backI'm going to post here the 2 templates I personally use to trade: 1. 5 Method --- (Most simple strategy but works great) Use Heiken Ashi candles TDI Indicator set at default Stochastics set to 8,3,3 5 ema, Shift set to 2 or 3, Typical When PA crosses 5 ema and closes... that is the set up candle. The entry is on the 2nd candle if it's the same color. Works on all timeframes. I use 5 pip SL on the 5 minute chart. Works great short & long. Templates on pages 169, 170, 171. 2. 21/233 Method --- Use Heiken Ashi candles...
I do basic research, like use FF forum search of the OP's posts.
This is what I found:
28 posts, and I read them all and counted how many time he said Shift+3. On hindsight, I should have used spreadsheet to do keep count. LOL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #94,477
- Mar 4, 2019 4:11pm Mar 4, 2019 4:11pm
- Joined Nov 2008 | Status: Trader | 50,263 Posts
DE30 Mar 05 M15 price GAP
there are time when the market price gap is in our favour, that is when we get lucky.
reminds me of the floating man busker whom I see in the town centre every day. even on days when the temperature soars above 35°C. I am sure people knows leveitaion deos not work but they still gave him pocket change for his performance.
The market isn't going to reward you all the time just because you trade all the time and recklessly. It will reward you only when you know what you are doing CONSISTENTLY and you will then have proof to show people.
there are time when the market price gap is in our favour, that is when we get lucky.
reminds me of the floating man busker whom I see in the town centre every day. even on days when the temperature soars above 35°C. I am sure people knows leveitaion deos not work but they still gave him pocket change for his performance.
The market isn't going to reward you all the time just because you trade all the time and recklessly. It will reward you only when you know what you are doing CONSISTENTLY and you will then have proof to show people.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #94,478
- Mar 4, 2019 4:14pm Mar 4, 2019 4:14pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
Can't help to 
I give up.
The more shift is applied, more lagging factor increased.
Yellow EMA Shift = 3
Blue EMA Shft = 0
Blue EMA is faster then Yellow EMA.
Yellow EMA is less prone to give false signal.
On average TDI is better then Blue EMA and Yellow EMA. (Twice TDI crossed before both EMA's)
----
Do your own testing.
I give up.
The more shift is applied, more lagging factor increased.
Yellow EMA Shift = 3
Blue EMA Shft = 0
Blue EMA is faster then Yellow EMA.
Yellow EMA is less prone to give false signal.
On average TDI is better then Blue EMA and Yellow EMA. (Twice TDI crossed before both EMA's)
----
Do your own testing.
- #94,479
- Mar 4, 2019 4:16pm Mar 4, 2019 4:16pm
- Joined Nov 2008 | Status: Trader | 50,263 Posts
{quote} I have not looked at this pair for a long time lol. It has one of the smallest ATR's i've ever seen
For our M30 lover, kain775.
here is one example how LE1 uses the 10EMA. His favourite Arjun candle.
H4 has made its move. lower TF retraced, then ....
WAIT!
last week was a special happy week... after I sent a PM in April 2016 and waited since then. I received a reply.
last week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #94,480
- Mar 4, 2019 4:35pm Mar 4, 2019 4:35pm
- Joined Nov 2008 | Status: Trader | 50,263 Posts
A little knowledge is not just a dangerous thing. It is very dangerous thing when someone reads selectively.
EMA shift 1,2 or 3. What are these shifts? Have you tried the Alligator template?
This has been asked and discussed going way back to 2013.
A simple forum search with keyword= displaced moving average shows 13 reults. Read them all.
Where do you think Big E got his ideas from when he developed two methods - 21/233 Method and 5-Method (Post#3108 old thread)?
He was a stock market trader back in 2000 for about 10 years. Guess what he knew and learned trading the US stock market in those years.
Is MACD better then the TDI? both are lagging.
or
is the 2SMMA cross 5SMMA better than the TDI? both are also lagging.
is the reversal candle lagging? you decide.
EMA shift 1,2 or 3. What are these shifts? Have you tried the Alligator template?
This has been asked and discussed going way back to 2013.
A simple forum search with keyword= displaced moving average shows 13 reults. Read them all.
Where do you think Big E got his ideas from when he developed two methods - 21/233 Method and 5-Method (Post#3108 old thread)?
He was a stock market trader back in 2000 for about 10 years. Guess what he knew and learned trading the US stock market in those years.
Is MACD better then the TDI? both are lagging.
or
is the 2SMMA cross 5SMMA better than the TDI? both are also lagging.
is the reversal candle lagging? you decide.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett