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Trading Made Simple

Quoting bez3000
don't know probable due to time difference, i am in UK.

Just noticed so are you , i am using FXCM charts.
yeh same here uk,
i am using duka and fxdd at the same time, just trying diff things out, and both shows the indicators precise
Quoting babnz48
hello Lain
Do you mind to tell me what time of the day you start to trade and the time you stop? I had some good run with this TMS but now not so good. I think it could be the time I am trading. demo only for now
Hi babnz48,

I'm only started demoing 2 weeks ago. But I only trade 4hr bars and my 4hr bars start at 12am, 4am, 8am, 12pm, 4pm, 8pm EST. (From what i've seen most peoples are 1am, 5am, 9am, 1pm, 5pm, 9pm EST, but from the backtesting I did I like the results from my bars better).

And I trade all the bars, so I do wake up twice a night to check for setups and exit trades if needed.

From what I've seen, if I enter a trade late in the afternoon, it will be realitively flat until the London session and then pop. But maybe I've just been lucky on the right side of the pop as I've only been doing it for 2 weeks.

Going to trade a few more weeks before I go live. But Big E has shared something very good with us.

Good Luck!


Lain
Quoting Lain
Hi babnz48,

I'm only started demoing 2 weeks ago. But I only trade 4hr bars and my 4hr bars start at 12am, 4am, 8am, 12pm, 4pm, 8pm EST. (From what i've seen most peoples are 1am, 5am, 9am, 1pm, 5pm, 9pm EST, but from the backtesting I did I like the results from my bars better).

And I trade all the bars, so I do wake up twice a night to check for setups and exit trades if needed.

From what I've seen, if I enter a trade late in the afternoon, it will be realitively flat until the London session and then pop. But maybe I've just been lucky...
would your next 4h bar be in about 3 hours correct? your time now around 5pm
Quoting bishopdotun
I want to say thank you to all that contributed to the development of this system. it has been wonderful. Attached is my trade setup, indicators and trades so far. 100% hit. I expect some losses though soonest.

The system is not fool proof as i have found. Sometimes i get hooked up in drawdown especially when trading with 4h but it often get back later in favor.

Big E has been helpfull with his comments.
I've found the same thing, I've also been caught in some drawdowns but I don't panic and close the positions because they seem to bounce back if TDI stays strong.
I had 6 positions open overnight last night and this morning had a 100pip drawdown, but later in the day it pop for a 300pip profit.

I want to say that it's just the major players shaking out as many people as they can from their positions (I know FX trades in the multi-trillion dollars, but I still think there's some market movers). It's a lot easier to shake out people on a lower time frame, but I find you don't get shaken out as easily on the 4HR timeframe.


Lain
Quoting babnz48
would your next 4h bar be in about 3 hours correct? your time now around 5pm
No, it's 5:57pm EST here, so it's in 2hrs and 3min.
Quoting Lain
No, it's 5:57pm EST here, so it's in 2hrs and 3min.
yes I saw that the time was out after I posted your next 4h bar will be midday for me . what platform do you use that you can change the bar time? I use fxdd and fxcm
I use OmniTrader, I use eSignal as my FX data feed and OmniTrader directly connects to MB Trading to place trades.
Quoting Lain
I use OmniTrader, I use eSignal as my FX data feed and OmniTrader directly connects to MB Trading to place trades.
thank you I have a feeling that the time I am trying to trade may not be the best. would the open/start of your first bar of the London session be about one hour after the London open. ?
Thanks for your time
Quoting babnz48
thank you I have a feeling that the time I am trying to trade may not be the best. would the open/start of your first bar of the London session be about one hour after the London open. ?
Thanks for your time
My 12am EST bar is 3hrs before the London open
My 4am EST bar is 1hr after London open
My 8am EST bar is when NY opens. But the major news doesn't come out until 8:30am EST, so I can easily close my positions before major news.

But so far I haven't found news to have a major affect on 4hr bars. But I know there's always a chance.
Quoting Lain
My 12am EST bar is 3hrs before the London open
My 4am EST bar is 1hr after London open
My 8am EST bar is when NY opens. But the major news doesn't come out until 8:30am EST, so I can easily close my positions before major news.

But so far I haven't found news to have a major affect on 4hr bars. But I know there's always a chance.
thanks I like those setting for the 4h bars
Quoting bishopdotun
I want to say thank you to all that contributed to the development of this system. it has been wonderful. Attached is my trade setup, indicators and trades so far. 100% hit. I expect some losses though soonest.

The system is not fool proof as i have found. Sometimes i get hooked up in drawdown especially when trading with 4h but it often get back later in favor.

Big E has been helpfull with his comments.
What time frame did you use to do each of these?
Quoting bez3000
Sounds about right to me, only you can enter on the first or second candle after the cross.
this is incorrect....you can only enter on the 1st or 2nd candle after the colour change of the candle (the reversal candle) Yes the tdi MUST have crossed but the 1st or 2nd refers to the candle colour change.
For example if there is a cross on the tdi heading downwards for a short trade, and you look at the candles, if there are 3 or more red candles you are too late to enter.
Quoting bishopdotun
I want to say thank you to all that contributed to the development of this system. it has been wonderful. Attached is my trade setup, indicators and trades so far. 100% hit. I expect some losses though soonest.

The system is not fool proof as i have found. Sometimes i get hooked up in drawdown especially when trading with 4h but it often get back later in favor.

Big E has been helpfull with his comments.
Bishopdotum why would you post your trading day on two different systems ?

I found your same screenshot on the THV forum :

http://www.forexfactory.com/showthre...95#post4734395
The Mind creates reality.
Woke this morning to the following charts:

euraud = +37
gbpaud = +90
nzdjpy = +70
nzdusd = +60
usdcad = +70
TOTAL = + 327

I love this way of trading, thanks BigE
Attached Images (click to enlarge)
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Quoting bez3000
Woke this morning to the following charts:

euraud = +37
gbpaud = +90
nzdjpy = +70
nzdusd = +60
usdcad = +70
TOTAL = + 327

I love this way of trading, thanks BigE
Well done,

I did notice that the chart looked more precise entry, when i checked those entries with my chart, it wasn't very clear, however if you drag it horizondally it becomes more clear.
have you taken this chart for the sake of picture or do you trade in this size, if so where do you keep the Stochastic indi, and do you close the accounts terminal and put it on full screen and divide in to 2 halfs one for tdi and other for candles.

cheers
Quoting bez3000
Woke this morning to the following charts:

euraud = +37
gbpaud = +90
nzdjpy = +70
nzdusd = +60
usdcad = +70
TOTAL = + 327

I love this way of trading, thanks BigE
very trading can you tell us what time you placed the trades please.
Quoting sadler
Well done,

I did notice that the chart looked more precise entry, when i checked those entries with my chart, it wasn't very clear, however if you drag it horizondally it becomes more clear.
have you taken this chart for the sake of picture or do you trade in this size, if so where do you keep the Stochastic indi, and do you close the accounts terminal and put it on full screen and divide in to 2 halfs one for tdi and other for candles.

cheers
Hi yes i trade this size and i don't use stochastics so i have more room
Quoting babnz48
very trading can you tell us what time you placed the trades please.
Various times over the last 2 days.
Quoting bez3000
Hi yes i trade this size and i don't use stochastics so i have more room
Bez, thanks for the idea! This might help me simplfy things. Then once i see a crossover, i can add the stoch to see where it's at.
Quoting bez3000
Various times over the last 2 days.
i am interesting wich time frame is better 1h or 4h for this system? as i see 4 hour is better. pls answer me what you think. thanks
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