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  • #4,401
  • Feb 13, 2012 7:56pm Feb 13, 2012 7:56pm
Quoting jasonnevis
Hi Phx,

Considering the current break through the 200ema, how would you handle this for a trade entry.

Currently the price looks like it has broken the 200ema, would you enter now? I can imagine there is a fine art in knowing whether price will reverse and bounce back upwards...Recent support level to the left would need to be broken for an entry I would imagine.

Thanks.
No....I only trade the London session and sometimes the beginning of NY. I will analize the situation again when that time arrives.
  • #4,402
  • Feb 13, 2012 9:43pm Feb 13, 2012 9:43pm
To those that are looking into the 200 EMA. Personally I like to have it as a small dotted line that barely catches my attention when it comes close so as to not add noise to my charts. However, I would like to point something out that I find very interesting about this particular line. It doesn't seem to paint that many confusing signals. Price either bounces completely, or does a 123 pattern whether continuation or reversal and they are usually pretty clear on the 1HR charts. Please look at this phenominon in your history at least a couple times and you will be amazed.

LL
"IN CASH WE TRUST"
  • #4,403
  • Feb 13, 2012 9:45pm Feb 13, 2012 9:45pm
Phx62,

Do you use a support/resistance indicator? What's your
thoughts on the use of s/r along with the tdi?

Thanks,

snarlyjack
  • #4,404
  • Feb 13, 2012 9:47pm Feb 13, 2012 9:47pm
Quoting Rhino101
Hi X-Man.. I'm a South African living in Exile in Dubai...

Stumbled across your Great thread ... been following TMS and struggling with timing due to working times here in Dubai GMT +4. I like your more strategic and straight forward method (although hats off to big E for pointing us in the right direction). And have pulled in just over 100 pips since Thursday.. Still aiming for the magical 1,000 per month.

Just checking... was the only reason you closed your trade at that point, due to it being the last candle of the London session?
Nice to know that there is few south africans here on my thread.
Yes Big E did show us the way and we should all thank him for his hard work. Im afraid he is very very sick and he stop trading for a few months now. I dont know if i will hear from him again, hopefully we will.

My advice to you is to keep studying the TMS thread as you will gain valuable info there from lots of pro traders and you can join my thread as well.

The 1000 pips per month is totally easy LOL I already hit my target last week thats leaving me with 2 weeks more to cruise. Im currently sitting on 1047 pips.
Half of it from the 1H E/U the other pips were from the 4H charts (traded it using TMS) and pips from scalping.
X-man the legendary conqueror of markets
  • #4,405
  • Feb 13, 2012 10:10pm Feb 13, 2012 10:10pm
Quoting snarlyjack
Phx62,

Do you use a support/resistance indicator? What's your
thoughts on the use of s/r along with the tdi?

Thanks,

snarlyjack
I don't use an indicator for S/R....I just move to the H4 chart and put them in where I have at least 2 tests of S/R.....I also look at the Daily to find anything I might have missed and when I am deciding where to put them in, I place more weight on the most recent S/R areas......I usually just leave them on my chart until PA tells me to move them.....they help with SL and TP locations but they are never 100% accurate.
  • #4,406
  • Feb 13, 2012 11:00pm Feb 13, 2012 11:00pm
Hello Xman,

Thanks for sharing this wonderful system! I am sure that it has brought success to the traders as well, I am a newbie in trading. Please allow me to rephrase everything I read in PDF so far and see if I am right, English is not my native language so I have trouble understanding some of them, but I will try my best!!!

TF: H1
Pair: EU

1. Draw vertical line for LONDON(1000AM my MT4) and US(1500PM my MT4) opening time.

2. GREEN x RED TDI. (I don't know what do you mean by TDI must be in 12 oclock to 2 oclock and 6 oclock to 4 oclock)

3. Draw previous STRONG high/low (TP level)

4. Long pullback candle means the hammer-like candle? So I enter earlier than a cross in TDI?

5. PA come close to NY opening time, close them. Only keep them open when the trend is strong(?)

6. NY session, trade ONLY the first 3 or 4 candles.

Am I right so far, bro X-man?
Once again, thanks for sharing your wonderful system I hope you can keep up the good work and good luck with everything you do!!!

Regards,
Criss
  • #4,407
  • Feb 13, 2012 11:25pm Feb 13, 2012 11:25pm
I think we have divergence on the charts right now.. I see it a little on the 1Hr, but much more on the 30M an 15M.. Any thoughts? already made another low...

LL
"IN CASH WE TRUST"
  • #4,408
  • Feb 13, 2012 11:31pm Feb 13, 2012 11:31pm
You must read this again. There are several lessons you can pick up from this.
Trade setup, entry, trade management, trading psychology .... AIO breathe.
[quote=Phx62;5380898]I see a couple of things......pullback candles alone are not enough evidence to enter any trade......the entry you took was a little early but the pullback candle was not a false alarm, PA eventually went in the right direction......your entry should have been when the TDI crossover confirmed the pullback candle.....then once you enter, you just need to let the trade run....one higher close is no reason to exit a trade......especially when it is an inside bar and you have a solid TDI cross.....that is where trusting your system comes in........when you have an entry like that, enter a 50 pip TP and a 50 pip SL (or whatever number you are comfortable with but no less than a 35 pip SL) and walk away from the computer.....let it run and you will be amazed at how many times it will hit the TP (assuming you enter on a TDI cross with color change during London or early NY).....it will hit TP enough times (70 to 80% of the time, base on my backtesting) to make you a nice profit for the week. Backtest this yourself to become confident that this system works for you under the conditions and parameters that have been discussed over and over on this thread and the TMS one.[/quote]
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,409
  • Feb 13, 2012 11:34pm Feb 13, 2012 11:34pm
Quoting emmanuel7788
You must read this again. There are several lessons you can pick up from this.
Trade setup, entry, trade management, trading psychology .... AIO breathe.
[[size=3][color=blue]quote=Phx62;5380898]I see a couple of things......pullback candles alone are not enough evidence to enter any trade......the entry you took was a little early but the pullback candle was not a false alarm, PA eventually went in the right direction......your entry should have been when the TDI crossover confirmed the pullback candle.....then once you enter, you just need to...
[/quote]

That is surely good advice and if you guys keep it simple as that then you will be pippin everyday.
X-man the legendary conqueror of markets
  • #4,410
  • Feb 13, 2012 11:47pm Feb 13, 2012 11:47pm
So what are your guys expectations for today?
We saw a narrow asian range, if we brake it to the upside, it could continue up, especially if the 10GMT euro news are good. On the other hand, the brake up is not enough far from the 200 MA, but... yesterday PA went through it like a hot knife through butter.

To me it seems like a long is setting itself up, I'll probably go with it
Thoughts are things
  • #4,411
  • Feb 13, 2012 11:54pm Feb 13, 2012 11:54pm
what you guys think about this chart? there's already a pullback..
Attached Image (click to enlarge)
Click to Enlarge Name: euh1_140212.png Size: 47 KB
  • #4,412
  • Edited Feb 14, 2012 12:17am Feb 13, 2012 11:56pm | Edited Feb 14, 2012 12:17am
Hi,

Very quiet first 4 hours of Tokyo trading, (27pips range). Liquidity flowed elsewhere. The JPY pairs did well in the morning though.
The first H4 range has some sigificance for me everyday.
... so get ready for action. Take note the news today and the timing.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 14 Feb pre-LO.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,413
  • Feb 14, 2012 12:15am Feb 14, 2012 12:15am
Quoting Quezoy
So what are your guys expectations for today?
We saw a narrow asian range, if we brake it to the upside, it could continue up, especially if the 10GMT euro news are good. On the other hand, the brake up is not enough far from the 200 MA, but... yesterday PA went through it like a hot knife through butter.

To me it seems like a long is setting itself up, I'll probably go with it
Hi Quezoy,

what I see now is that market is now testing its Oct 2011 low 1.3140 and that support provided a 1000pips rally in one month.
I wont be too concern with this since it is not the most recent.
With the current flow, we shall see if it will reach 1.3045, this is a significant low of recent weeks.

As usual, things changes very fast, We must be prepared in all direction the flow goes.

Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,414
  • Feb 14, 2012 12:26am Feb 14, 2012 12:26am
Quoting Scalpist
Hello Xman,

Thanks for sharing this wonderful system! I am sure that it has brought success to the traders as well, I am a newbie in trading. Please allow me to rephrase everything I read in PDF so far and see if I am right, English is not my native language so I have trouble understanding some of them, but I will try my best!!!

TF: H1
Pair: EU

1. Draw vertical line for LONDON(1000AM my MT4) and US(1500PM my MT4) opening time.

2. GREEN x RED TDI. (I don't know what do you mean by TDI must be in 12 oclock to 2 oclock and 6 oclock to 4 oclock)

3....
yes you are right and will need loads of practice to make all those rules second nature to you.

When i talk about 12 o'clock to 2 o'clock and 6 o'clock to 4 o'clock im talking about the hands of a clock.
Close your eyes and picture this can you see it? thats the angle the TDI should be in
X-man the legendary conqueror of markets
  • #4,415
  • Feb 14, 2012 12:27am Feb 14, 2012 12:27am
The steepness of the TDI should be in these angles for a long trade
Attached Image
X-man the legendary conqueror of markets
  • #4,416
  • Feb 14, 2012 12:30am Feb 14, 2012 12:30am
Hi,

Let's see if I can catch the retracement of yesterday' high-low.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 14 Feb ealry entry pre LO.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,417
  • Feb 14, 2012 12:32am Feb 14, 2012 12:32am
Thanks for the explanation X-Man.
LazyLobster did PM me about this!
So thanks to both of you! I am loving this place, feels like a home now <3
Setting the tent now (if you don't mind!)

Criss
  • #4,418
  • Feb 14, 2012 12:33am Feb 14, 2012 12:33am
These angles of TDI will be for short trades
Attached Image
X-man the legendary conqueror of markets
  • #4,419
  • Feb 14, 2012 12:33am Feb 14, 2012 12:33am
Actually, from what I can see now the price is going to go bullish! Maybe grab a 20 pips? I always practice with a LOL account as small as 0.01 lot size lol
  • #4,420
  • Feb 14, 2012 12:37am Feb 14, 2012 12:37am
Quoting LazyLobster
I think we have divergence on the charts right now.. I see it a little on the 1Hr, but much more on the 30M an 15M.. Any thoughts? already made another low...

LL
Yes 30mins big divergence and a Trading Traders Dynamic Index Squeeze looking for a breakout to the upside.... I am long @ 1.3150
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