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  • #14,041
  • Dec 8, 2011 1:06pm Dec 8, 2011 1:06pm
i have trade the second candle, tdi have crossed!
Quoting Markrc
Hi Steve,

no i mean higher low of red candle. eg. blue box on chart (bottom of post). i scale out of the trade once candles do this, as signs of reversal.

please correct me if im wrong (still learning). im pretty sure the term was higher low.

mark
  • #14,042
  • Dec 8, 2011 1:22pm Dec 8, 2011 1:22pm
Quoting stevebalmmer
i have trade the second candle, tdi have crossed!
ye i was in that, got out for +6 due to higher low and due to the time of day.

anyone get the TMS entry on USDJPY? h1?
  • #14,043
  • Dec 8, 2011 2:10pm Dec 8, 2011 2:10pm
Quoting kingclarence
Yeah.I also pay attention to the candle size during trade also.usually when your in a trade they start getting smaller when it slows down.Some time that equals a reverse and sometime they gather steam and keep going in the same direction.Its rare for them to being going strong in one direction then shoot back the other way.
I've tried to find a chart example to match your explanation.

Question on candle size: do you include the wick when determining the APB's size or just the difference between open and close?
Attached Image (click to enlarge)
Click to Enlarge Name: Candle size changing during trade.PNG Size: 65 KB
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  • #14,044
  • Dec 8, 2011 2:25pm Dec 8, 2011 2:25pm
Quoting smatthew
I've tried to find a chart example to match your explanation.

Question on candle size: do you include the wick when determining the APB's size or just the difference between open and close?
You can count the wick but it should be way more candle than wick.At the same time its not an exact thing.Im not an exact dude.Everything i say is flexible and depends on the situation.All these rules can be broken.The best way to learn for sure is to do trades and do backtesting.

I went way back and moved forward one candle at a time.Then i saw what would have happened when i took what i thought were good trades.This helps a lot.Also when i scrolled backwards i closed my eyes so i couldnt see the charts until it finished going back lol.
  • #14,045
  • Dec 8, 2011 2:32pm Dec 8, 2011 2:32pm
Quoting kingclarence
You can count the wick but it should be way more candle than wick.At the same time its not an exact thing.Im not an exact dude.Everything i say is flexible and depends on the situation.All these rules can be broken.The best way to learn for sure is to do trades and do backtesting.

I went way back and moved forward one candle at a time.Then i saw what would have happened when i took what i thought were good trades.This helps a lot.Also when i scrolled backwards i closed my eyes so i couldnt see the charts until it finished going back lol.
I figured the candle's body mattered more than the wick. Thanks for confirming!
I definitely recognize your backtest approach
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  • #14,046
  • Dec 8, 2011 2:46pm Dec 8, 2011 2:46pm
EU H1 London session
Two trades today...first one didn't move much....closed on weak PA and a pullback. Second trade was taken on the pullback of the news candle and long wick of that candle. Entry was made after PA pulled past the close of the previous candle and I exited with +80 pips....the first trade was based on the TMS system, the second trade was taken early based on hundreds of hours of studying PA and pullback candles. Even if you had waited for the TDI to cross at the opening of the second red candle, per the the rules as outlined by Big E, you could have still taken 80 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 12.8.11.gif Size: 34 KB
  • #14,047
  • Edited 3:24pm Dec 8, 2011 3:20pm | Edited 3:24pm
I set a Buy Stop order yesterday evening on this pair that wasn't hit by 4am local so I deleted it. But I just looked again 15 minutes ago and although the new day doesn't start for another 45 min. I entered again, this time an outright Buy @ 1.3123. I forgot to enter 2 separate orders in order to take 1 lot off (a TP#1) so I have an audible alert set. If it sounds I will take half off, move to BE+1, and look for another consolidation area for TP#2. This may run over the weekend since it is late in the week. p.

edit: the TF is Daily
  • #14,048
  • Dec 8, 2011 4:31pm Dec 8, 2011 4:31pm
Quoting piprac
I set a Buy Stop order yesterday evening on this pair that wasn't hit by 4am local so I deleted it. But I just looked again 15 minutes ago and although the new day doesn't start for another 45 min. I entered again, this time an outright Buy @ 1.3123. I forgot to enter 2 separate orders in order to take 1 lot off (a TP#1) so I have an audible alert set. If it sounds I will take half off, move to BE+1, and look for another consolidation area for TP#2. This may run over the weekend since it is late in the week. p.

edit: the TF is Daily
Based on kingclarence's advice I'd say the new EUR/AUD D1 candle (2nd blue candle) that just formed might be too small. On D1 candles of 120 pips and higher raise chances of success.
TDI cross is at 2PM, leaning towards 3PM.
Probably not going to move up (much)
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD long (pass on this one).PNG Size: 59 KB
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  • #14,049
  • Dec 8, 2011 4:42pm Dec 8, 2011 4:42pm
Phx62, i would like to ask you why didnt you entered on the frankfurt opening.
Green over 50, over yellow, over red.... a perfect entry even by Malone's rules.
Wasnt quick enough to close the trade at least on BE - lost 11 pips.
  • #14,050
  • Dec 8, 2011 4:54pm Dec 8, 2011 4:54pm
Quoting tex_pn
Phx62, i would like to ask you why didnt you entered on the frankfurt opening.
Green over 50, over yellow, over red.... a perfect entry even by Malone's rules.
Wasnt quick enough to close the trade at least on BE - lost 11 pips.
I was not at my computer until just before London Open.
  • #14,051
  • Dec 8, 2011 5:01pm Dec 8, 2011 5:01pm
EURNZD long
CADJPY short
USDCAD long
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADJPY short.PNG Size: 52 KB
Click to Enlarge Name: EURNZD long.PNG Size: 58 KB
Click to Enlarge Name: USDCAD long.PNG Size: 53 KB
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  • #14,052
  • Dec 8, 2011 7:07pm Dec 8, 2011 7:07pm
Quoting smatthew
Based on kingclarence's advice I'd say the new EUR/AUD D1 candle (2nd blue candle) that just formed might be too small. On D1 candles of 120 pips and higher raise chances of success.
TDI cross is at 2PM, leaning towards 3PM.
Probably not going to move up (much)
Yes, the Open/Close is 90 pips but the overall High/Low range including the wicks is 178. This might not be a good early night pair to trade but with the alert engaged I'll see if the London session goes my way. Thanks for the comment.
  • #14,053
  • Dec 8, 2011 11:57pm Dec 8, 2011 11:57pm
Quoting smatthew
EURNZD long
CADJPY short
USDCAD long
Hi SM,
Could you please tell me how those channels are calculated - is it a particular indicator or 2 MA's at different levels ?

Regards
  • #14,054
  • Dec 9, 2011 3:11am Dec 9, 2011 3:11am
Guys...
Is someone still looking at Phx62's charts?
I only see 2 indicators : HA candles and TDI, and obviously Phx is somehow profitable.
I think you guys are searching the answer in the wrong place....


Just my opinion.
  • #14,055
  • Dec 9, 2011 6:01am Dec 9, 2011 6:01am
Got 50 pips from the last movement up on EURUSD.

Thank you Phx62.
  • #14,056
  • Dec 9, 2011 6:20am Dec 9, 2011 6:20am
I closed my trade this morning for +33 pips, 1.7% gain in equity. Now shorting the Eur/gbp on the 1H & will see how it stands just before the 08:30 EST news comes out.
  • #14,057
  • Edited 11:17am Dec 9, 2011 8:33am | Edited 11:17am
Quoting piprac
I closed my trade this morning for +33 pips, 1.7% gain in equity. Now shorting the Eur/gbp on the 1H & will see how it stands just before the 08:30 EST news comes out.
Closed the E/gbp for -1 pip as the news was about to come out. I'm now short the A/$ on the 1H. And I'm overtrading especially for a Fri. But just using micro lots today.

edit: left the house with this trade open and lost most of what I earned earleir with the E/A. I know better that the 1H should be monitored unless deep in profit & SL at BE, a lapse of judgment on my part.
  • #14,058
  • Dec 9, 2011 9:11am Dec 9, 2011 9:11am
News?
  • #14,059
  • Dec 9, 2011 10:20am Dec 9, 2011 10:20am
+50 pips on eurusd
Sellstop at 1.3370 activated at 8:28 EST. SL at .3390, TP at .3320.

I'm now closing the week with a good trading day.

Have a nice weekend guys.
  • #14,060
  • Dec 9, 2011 12:46pm Dec 9, 2011 12:46pm
Quoting FourEcks
Hi SM,
Could you please tell me how those channels are calculated - is it a particular indicator or 2 MA's at different levels ?

Regards
It's the following indi: http://www.ninjatrader.com/support/f...ght=prc&page=2
Financial independence is what I live for
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