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  • #5,121
  • Feb 21, 2012 5:09am Feb 21, 2012 5:09am
Quoting peterporter
HI Everyone

Yeh basically the Greek Deal has been done so everyone is waiting for new news, be it bad or good , hence the indecisiveness,
plus USD was on holiday yesterday
I think things should start to make a trend when NY opens aswell but
Annoys the hell out of me when it just bounces , or should I say oscillates

Have a nice day
I think it doesn't matter if US is on holiday or is closed when Asia trades.
JP Morgan has also desks in London and in Singapore etc.
  • #5,122
  • Feb 21, 2012 5:29am Feb 21, 2012 5:29am
I never know how things are with OB .. I see it on 4h chart (GMT+1) but if someone else is in different time zone bars looks different right?
  • #5,123
  • Feb 21, 2012 5:35am Feb 21, 2012 5:35am
Quoting X-Man
Here are the indicators with the template.
Obviously you have to have these indis installed firstly before the template can be loaded.
If you already have these indis then you just load the template
X-Man,

Thank you very much.

I have a problem. In EURUSD the template shows the channel, but in other pairs doesn't show the channel. What will happen?

Thanks.
Attached Images
Enter Signature
  • #5,124
  • Feb 21, 2012 5:44am Feb 21, 2012 5:44am
Quoting H-Pip
I never know how things are with OB .. I see it on 4h chart (GMT+1) but if someone else is in different time zone bars looks different right?
Hi ,

If you are using GMT+1 server, then this H4 candle will be good to short as there is TDI cross down. Also a bearish engulfing candlestick pattern,

But for many traders who has server time GMT0, the TDI PL bounce off the TSL. The last H4 candle was an BUOB.

Very tricky seeing different H4 price bars on different server time.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5,125
  • Feb 21, 2012 5:50am Feb 21, 2012 5:50am
Quoting emmanuel7788
Hi ,

If you are using GMT+1 server, then this H4 candle will be good to short as there is TDI cross down. Also a bearish engulfing candlestick pattern,

But for many traders who has server time GMT0, the TDI PL bounce off the TSL. The last H4 candle was an BUOB.

Very tricky seeing different H4 price bars on different server time.


Thanks!
Are you using 2 computers with different timezones to see how it looks at GMT0?
  • #5,126
  • Feb 21, 2012 6:03am Feb 21, 2012 6:03am
i am going short too late @1.3235 and close my trade too fast @1.3223 because i thought the price would be back up since it progressing slowly . but now it move down nicely close to my original planned t/p @3202 currently PA @1.3200 .

oh and i have some questions.
1. according to rules. for entry PA is number 1 and TDI as confirmation right? so how can we decide about PA before we take an entry?

2. originally i want to use pm but since i am still junior member. it seems that i cant use that feature yet. but well, here we go. when looking at old thread( eelfranz) and this thread , you guys advice us to always backtest and look into old chart (right?) . i done that part and look into all crossover available on TDI for an entry and exit .
The result : Amazingly good.
Real test : got whipsaw alot.
This time: i just noticed how stupid i am because TDI indeed repaint according to the price. and the reason TDI works amazingly fine when looking at old chart is because they wont repaint anymore (DUH!) .
so is there any solution to this problem that i am facing now? or i need to wait for the candle to close first and TDI face 12-2 on 2nd candle for buy? will it too late for that?

3. and for pullback candle signal that you shows us in .pdf . is not that all candle with fractal are a pullback candle? why didnt you give mark with red arrow too? ( or am i wrong about the definition of pullback candle)?

i am sorry if i am asking too much questions. this few days i am like a silent reader that reading mostly pages and threads from eelfranz , this thread and currently reading all phx62 comment ( 3 more pages from all 10 pages) and trying to apply to demo account. but i am feeling like i am missing important key to make this works.

i hope you guys that already proficient in this strategy can help me too.
Thank you,
LJin
  • #5,127
  • Feb 21, 2012 6:08am Feb 21, 2012 6:08am
Quoting H-Pip
Thanks!
Are you using 2 computers with different timezones to see how it looks at GMT0?

No. Just one PC is good enough.
You can install several MT4 platform from various brokers in same computer.
The broker server time is shown in the Market Watch window.
Compare that with your PC local time.
It is good to have the time zone clock in you PC - showing New York GMT, London, and your local time.

See attached.
Attached Image (click to enlarge)
Click to Enlarge Name: Server time display.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5,128
  • Edited 6:17am Feb 21, 2012 6:16am | Edited 6:17am
Lookout if price break the Asian low.
The Asian hi-lo is 105pips.
If not, then do otherwise, buy low is a better idea.
Despite that Greece news, why has Euro not moved?
Tug-of-War between EURGBP ... and the winner is????

Now 45mins to go .
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 Box break point .png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5,129
  • Feb 21, 2012 6:31am Feb 21, 2012 6:31am
wooow!! Enter a short @ 8:00 my sister went in to labour so had to go never left a trade run without me watching... but did 2day had sl 50 tp 50 and just got in to find +50
  • #5,130
  • Feb 21, 2012 6:50am Feb 21, 2012 6:50am
Hi

You guys experts on this system, what do you say about this setup for buy on usdchf?

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 37 KB


Thanks for sharing so much quality info!!!!

Regards
JJ
  • #5,131
  • Feb 21, 2012 7:08am Feb 21, 2012 7:08am
Quoting grechmar
You reckon eur usd will cotinue pushing down? Just went back 13 pips..
Well from my experience when PA is at the daily pivot i look at my TDI, if my TDI looks good enough I still keep my trade open.
If TDI dont look good at all then there will probably be a bounce off the pivot and a cross on TDI thats when you trade the bounce.

in this case TDI was looking strong thats how i knew that it would cross the daily pivot.

Its not a 100% garantee but its a high probability
X-man the legendary conqueror of markets
  • #5,132
  • Feb 21, 2012 7:12am Feb 21, 2012 7:12am
Quoting maudur
X-Man,

Thank you very much.

I have a problem. In EURUSD the template shows the channel, but in other pairs doesn't show the channel. What will happen?

Thanks.
Whenever I open my platform I select the daily TF first then thats where the channel adjusts and shows, coz remember its a daily channel.
Then after that go to the 4H TF.
X-man the legendary conqueror of markets
  • #5,133
  • Feb 21, 2012 7:18am Feb 21, 2012 7:18am
Quoting tugabulls
Hi

You guys experts on this system, what do you say about this setup for buy on usdchf?

Attachment

Thanks for sharing so much quality info!!!!

Regards
JJ
i am not an expert but looking at your chart. it doesn't seems that you are using the same ma's setting ?
maybe i wrong though.

and probably you should zoom in your chart first .its hard to see the bar.
  • #5,134
  • Feb 21, 2012 7:26am Feb 21, 2012 7:26am
Quoting X-Man
Well from my experience when PA is at the daily pivot i look at my TDI, if my TDI looks good enough I still keep my trade open.
If TDI dont look good at all then there will probably be a bounce off the pivot and a cross on TDI thats when you trade the bounce.

in this case TDI was looking strong thats how i knew that it would cross the daily pivot.

Its not a 100% garantee but its a high probability
I understand, your system looks pretty good and earned me 30 pips today on eur usd at my first TP. Where did u put ur tp at?
  • #5,135
  • Feb 21, 2012 7:31am Feb 21, 2012 7:31am
Quoting ljin
i am going short too late @1.3235 and close my trade too fast @1.3223 because i thought the price would be back up since it progressing slowly . but now it move down nicely close to my original planned t/p @3202 currently PA @1.3200 .

oh and i have some questions.
1. according to rules. for entry PA is number 1 and TDI as confirmation right? so how can we decide about PA before we take an entry?

2. originally i want to use pm but since i am still junior member. it seems that i cant use that feature yet. but well, here we go. when looking...
Hey buddy.
Ofcourse TDI repaints, almost all indis repaint according to PA. When PA moves thats when the indis will show.
So thats why we made PA king.

If we follow PA then we will know more or less know how TDI will look. so during the candle formation TDI will repaint but you have to analyze the charts and figure out where PA will move before it moves.

How do we do this? this is where the basics come in play.
1. divergances
2. S&R areas
3. Fibb levels
4. wave analysis (higher lows and lower highs)
5. Moving averages (200EMA)
6. etc etc etc.
All these come as 2nd nature when trading for months
These will give us an indication of where PA will go but wont garantee it


so we do all that before PA move and we wait.
for example this morning i seen a bearish divergance.
i will wait until i see sell signals coz I want to sell.
When there was a downward cross on TDI i sold E/U
When I sold, TDI can repaint over and over again but the thing is you analyzed enough to get a high probability trade.

The only thing you do from there is take the trade sit back and relax. DO Not montor every tick

If you analyzed the charts correctly you will see that PA moves in your direction and then TDI will confirm that as well. Thats why knowing basics play a big part to increasing your probability.
X-man the legendary conqueror of markets
  • #5,136
  • Feb 21, 2012 7:40am Feb 21, 2012 7:40am
Quoting tugabulls
Hi

You guys experts on this system, what do you say about this setup for buy on usdchf?

Attachment

Thanks for sharing so much quality info!!!!

Regards
JJ
Your trade might work but if you put the 60EMA you will see that you will be trading against the trend.

Trade with the trend, the trend is your friend
X-man the legendary conqueror of markets
  • #5,137
  • Feb 21, 2012 7:58am Feb 21, 2012 7:58am
Been reading through this thread and trying get up to speed with this system. My main question I have is that I don't use MT4. I am a Tradestation user. What settings should I be using on the indicators to be able to get a similar result from Tradestation?
  • #5,138
  • Edited 8:33am Feb 21, 2012 7:59am | Edited 8:33am
Im prepared for long, lets see if all the things align nicely.

[Edit]
Entered long with 31 pip TP based on ATR7.

My PA analysys...
There was setup pullback candle.
Price broke higher than previous candle swing high at the opening of the new entry candle.
TDI aligned for cross.
Price way above DPP.
Price over 61.8 fib

And to throw in a TMS ingredient, there was also stoch 8.3.3 confirmation
  • #5,139
  • Feb 21, 2012 8:01am Feb 21, 2012 8:01am
Quoting X-Man
Whenever I open my platform I select the daily TF first then thats where the channel adjusts and shows, coz remember its a daily channel.
Then after that go to the 4H TF.
X-Man,

Ok, this works.

Thank you very much.
Enter Signature
  • #5,140
  • Feb 21, 2012 8:25am Feb 21, 2012 8:25am
Quoting picon1
Been reading through this thread and trying get up to speed with this system. My main question I have is that I don't use MT4. I am a Tradestation user. What settings should I be using on the indicators to be able to get a similar result from Tradestation?
if there isn't a tdi for tradestation around then 8 rsi with 8 sma over it should work fine
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