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Trading Made Simple

  • #6,141
  • Jun 23, 2011 5:31am Jun 23, 2011 5:31am
thanks guys for your replies, very helpful

I will follow them on twitter and make sure I check all news b4 any new trades
  • #6,142
  • Jun 23, 2011 6:57am Jun 23, 2011 6:57am
Quoting 2scoops
I would advise you to set them up as you see fit, what do you think is a good slope to your eye?

However Plamen is using these settings (or he was two weeks ago). I still use these settings:


Slope Threshold: 4.5
Bounce Threshold: 3.0 (last 2 slopes unsigned difference)
Bounce Min Slope (Green slope when bouncing): 3.8
Bounce Max Distance: 2.7

Then set a minimum candle size threshold - maybe 10 for H1 20 for H4 50 for the Daily? - choose your own, maybe a customised one for each pair.

What are these settings referring to?
  • #6,143
  • Jun 23, 2011 7:07am Jun 23, 2011 7:07am
Quoting Finsia
What a pity, I blindly followed the indicators on the EUR/AUD 4 hour. It showed a short. I went short - trade is not over but sitting at 20 pips loss.

Got lucky on that trade. It ended up turning around last night for a small loss when London got on board and the other 2 trades ended up with good wins, picked up about 108 pips.

Just opened NZD/JPY @ 8am EST on 4HR bars.

Big E found something really solid here. Hope he's doing well.



Lain
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  • #6,144
  • Jun 23, 2011 7:41am Jun 23, 2011 7:41am
Quoting freebeans
What are these settings referring to?

Plamen's TDI indicator

http://www.forexfactory.com/showthread.php?p=4710405

best to post on the above thread for questions relating to it.
  • #6,145
  • Jun 23, 2011 8:10am Jun 23, 2011 8:10am
Making the Jump from 1 hour to 4 hour trade. I was a little late with the entry.
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  • #6,146
  • Jun 23, 2011 8:17am Jun 23, 2011 8:17am
Hi,

Anyone took USD/CHF at H1 timeframe. Looks good to me.

Happy Trading.
  • #6,147
  • Jun 23, 2011 8:55am Jun 23, 2011 8:55am
Looking at possible trades on:

cadjpy
audnzd
gbpcad
eurcad

They are all crossing now or looking good to cross, so need to wait and see if they give good candles. I wold expect to enter at least 2 of them when my 4h closes in 2 hours.
Lets see, how is everyone else getting on?
  • #6,148
  • Jun 23, 2011 8:57am Jun 23, 2011 8:57am
closed +186 pips.
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  • #6,149
  • Jun 23, 2011 10:01am Jun 23, 2011 10:01am
Quoting gio.kele
closed +186 pips.
Great job!
  • #6,150
  • Jun 23, 2011 10:02am Jun 23, 2011 10:02am
Lain - yeah I got lucky closed out +22 pips this morning. Last night I thought well EUR is down against everyone but holding against AUD see what London brings and yep it went down.
Also did good on EUR/JPY and CHF
so good night.
  • #6,151
  • Jun 23, 2011 10:15am Jun 23, 2011 10:15am
Active trades from today:
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  • #6,152
  • Jun 23, 2011 10:21am Jun 23, 2011 10:21am
Quoting Finsia
Lain - yeah I got lucky closed out +22 pips this morning. Last night I thought well EUR is down against everyone but holding against AUD see what London brings and yep it went down.
Also did good on EUR/JPY and CHF
so good night.
Nice work. We just needed london to move it
  • #6,153
  • Jun 23, 2011 10:51am Jun 23, 2011 10:51am
I see that i missed a lot of opportunities today.
Will wait for next close on usd jpy. If we have a cross offcourse.

I am gonna start to re-read all posts of bigE, think there will be some nice eyeopeners that i missed when i read for the first time this threat a week or 5-6 ago. I will also start with some backtesting to get more confidence.
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  • #6,154
  • Jun 23, 2011 11:33am Jun 23, 2011 11:33am
Short
NZDJPY @ 8am 4HR
CADJPY @ 12pm 4HR

Long
USDCAD @ 12pm 4HR

They all have profits... I just want to take them and run, but that's not the strategy

How do the SL and TP look? (it's the chevrons at the side of the charts, red=loss, green=profit, blue=entry)
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  • #6,155
  • Jun 23, 2011 12:07pm Jun 23, 2011 12:07pm
got more profit by following the trend.
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  • #6,156
  • Jun 23, 2011 12:22pm Jun 23, 2011 12:22pm
Quoting silversurfer
Trigger line indi
My MT4 crashes with this indicator?
  • #6,157
  • Jun 23, 2011 12:40pm Jun 23, 2011 12:40pm
Quoting silversurfer
1. I'm pretty sure it doesn't repaint at the end of the time frame - no guarantee though
2. Nothing sexy, just the standard entry and exit according to the TMS rules the only caveat being that I wait for the trigger lines to change colour. Take all the usual stuff into consideration ie TDI cross, S&R, strength of trend - how many bars etc, what are the higher TF's telling me, upcoming news.
I decided to take the CHFJPY with a half lot trade just to see if how it would pan out.
Thank you for sharing Silversurfer.
  • #6,158
  • Jun 23, 2011 12:54pm Jun 23, 2011 12:54pm
Great trades my friend!
Quoting bez3000
Active trades from today:
  • #6,159
  • Edited 2:01pm Jun 23, 2011 1:43pm | Edited 2:01pm
What do you guys think??
Looks good on the 4h but its geting flat on the 1h.

Noticed RN and S/R so wont take the trade
  • #6,160
  • Jun 23, 2011 1:50pm Jun 23, 2011 1:50pm
Quoting bez3000
Active trades from today:
Those were three nice trades. I see it looks like you don't wait for London. What times do you trade?
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