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  • #7,841
  • Jul 19, 2012 9:49pm Jul 19, 2012 9:49pm
Hello all,

Took my first demo trade using this system on the gj (long) earlier today for +57 pips.

Now I am shorting the same pairt. I didn't wait for the pull back candle, however. I will just take additional shorts on the pull back candles if they appear. I know the rules say only trade the London session but it looked like a good setup.

Just a demo trade sl 123.90, tp 123.00
Attached Image (click to enlarge)
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  • #7,842
  • Jul 20, 2012 2:40am Jul 20, 2012 2:40am
Quoting harvman5
Hello all,

Took my first demo trade using this system on the gj (long) earlier today for +57 pips.

Now I am shorting the same pairt. I didn't wait for the pull back candle, however. I will just take additional shorts on the pull back candles if they appear. I know the rules say only trade the London session but it looked like a good setup.

Just a demo trade sl 123.90, tp 123.00
Took profit at 123.30 for +25 pips. Will re-enter short on a pull back candle or wait for a trend reversal on the 4h to go long.
  • #7,843
  • Jul 20, 2012 5:39am Jul 20, 2012 5:39am
Quoting harvman5
Took profit at 123.30 for +25 pips. Will re-enter short on a pull back candle or wait for a trend reversal on the 4h to go long.
Re-entered the trade on a pullback candle. Still hope to tp at 123.00.

Possible long setups on the EU & EJ in the next few hours.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ candle pullback trade.gif Size: 67 KB
  • #7,844
  • Edited 6:58am Jul 20, 2012 6:54am | Edited 6:58am
Quoting harvman5
Hello all,

Took my first demo trade using this system on the gj (long) earlier today for +57 pips.

Now I am shorting the same pairt. I didn't wait for the pull back candle, however. I will just take additional shorts on the pull back candles if they appear. I know the rules say only trade the London session but it looked like a good setup.

Just a demo trade sl 123.90, tp 123.00

Hi harvman,

Congrats! 57pips for GJ under this market condition is really good. Thanks for sharing your trades.
I think you blended other methods together and that is an innovative idea which I think some traders can learn from.

You use the TMA so I thought you can learn more about the TMA in the FF Platform Tech thread:
http://www.forexfactory.com/showthread.php?t=299019

I used the TMA concept for more than 2 years and it is good for certain market type. Know more about it and use it in a good way.

Saved your charts now and in 3 weeks time open MT4 realtime chart again and look back and see where the TMA was in history.

Good Trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,845
  • Jul 20, 2012 8:28am Jul 20, 2012 8:28am
Quoting emmanuel7788
Hi harvman,

Congrats! 57pips for GJ under this market condition is really good. Thanks for sharing your trades.
I think you blended other methods together and that is an innovative idea which I think some traders can learn from.

You use the TMA so I thought you can learn more about the TMA in the FF Platform Tech thread:
http://www.forexfactory.com/showthread.php?t=299019

I used the TMA concept for more than 2 years and it is good for certain market type. Know more about it and use it in a good way.

Saved your charts now and in...
TP at 123.00 on my GJ short trade for a total of about 60 pips.

Emmanuel7788 thanks for the encouraging words.

The TMA system works well but it left some really good trades on the table because of the slope rules especially the direction. That is what brought me here. Also, the TDI indicator tells you pretty much when to exit unlike the TMA slope.

I know that the TMA repaints but it was never any issue using it in real time. For example, look at the TMA lines on my charts they really do indicate the coming of a trend reversal. I did download that true TMA from that forum you mentioned to back test & set my own slope limits.


Right now if using the TMA system all you would need right now for a valid long entry on the 1h EU is the first sign of a bull HA candle. All of the slope parameters are met.

It looks like a lot of pairs will be ripe for picking. Too bad it is a Friday.
  • #7,846
  • Jul 20, 2012 10:40am Jul 20, 2012 10:40am
There was a rare Asian session pullback candle. Entered at break of Asian session low. Although it retraced a bit, the sixth sense I've developed over time (and with perserverance, you can too) suggested it would fall. Been exclusively forward testing the 1hr method for 8 solid months. The first four were disasters, the next two were break even, the last two have been very profitable. Stick with one method, one currency and you'll be amazed at the results. Thank you Xman, PH62, and Emmanuel for sharing.
Attached Image
  • #7,847
  • Jul 20, 2012 11:51am Jul 20, 2012 11:51am
My last trade of the week: 36 pips profit on USDCHF H4. The dashed lines are the key price levels.
I have also losing trades, who does not? But I try to cut my losing trades and let the winners run. See the attached screenshot of this week.
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  • #7,848
  • Jul 20, 2012 12:58pm Jul 20, 2012 12:58pm
Quoting james2ko
There was a rare Asian session pullback candle. Entered at break of Asian session low. Although it retraced a bit, the sixth sense I've developed over time (and with perserverance, you can too) suggested it would fall. Been exclusively forward testing the 1hr method for 8 solid months. The first four were disasters, the next two were break even, the last two have been very profitable. Stick with one method, one currency and you'll be amazed at the results. Thank you Xman, PH62, and Emmanuel for sharing.
Congratulations James.
I took the same trade at the same time with the same result. I see you also have the 200 EMA on your chart. Price has bounced off it all week which gave me another confirmation to go short. It is great to see that you have developed the "Edge" by learning how to read price action and market structure. Continued success to you.
  • #7,849
  • Jul 20, 2012 1:35pm Jul 20, 2012 1:35pm
Thanks for the encouraging words. I'm not going to lie, I felt like giving up on this method many times. But hung in there even during the largest of drawdowns. I have saved and studied all of yours and Xman's charts and posts on this method and it has been a huge help, together with Emmanuel's daily insights, it's been a winning combination.
  • #7,850
  • Jul 20, 2012 6:58pm Jul 20, 2012 6:58pm
Quoting james2ko
There was a rare Asian session pullback candle. Entered at break of Asian session low. Although it retraced a bit, the sixth sense I've developed over time (and with perserverance, you can too) suggested it would fall. Been exclusively forward testing the 1hr method for 8 solid months. The first four were disasters, the next two were break even, the last two have been very profitable. Stick with one method, one currency and you'll be amazed at the results. Thank you Xman, PH62, and Emmanuel for sharing.
Hi Jasem,
Good entry!

Good week for me (in demo mode) except thursday.

Have you or Pix62 made trade for that day?

Thanks to All!
Good week-end
  • #7,851
  • Jul 21, 2012 2:44am Jul 21, 2012 2:44am
Yesterday was one of those pretty much perfect days when everything lines up.

For now EUR stopped on the bottom of wicks going back to W 16/23 May and 27 June 2010. An engulfing close like Fri should surely follow through lower with a target 1875-1930 the 2010 low/W candle open 6 June?
  • #7,852
  • Jul 21, 2012 2:56am Jul 21, 2012 2:56am
Quoting james2ko
Thanks for the encouraging words. I'm not going to lie, I felt like giving up on this method many times. But hung in there even during the largest of drawdowns. I have saved and studied all of yours and Xman's charts and posts on this method and it has been a huge help, together with Emmanuel's daily insights, it's been a winning combination.
Can you actually pin point at what stage the switch clicked on for you? What made the difference in winning v losing, the little tip, the losing set ups avoided?

That would help many people I'm sure.
  • #7,853
  • Jul 21, 2012 6:54am Jul 21, 2012 6:54am
Hi Phx62

Certainly glad to see your recent post. I learn so much studying your charts. Since I did Not find this thread until recently, I have had to back study your charts. Many times at first I cannot understand why you entered at a particular point, but once I go thru enough study it becomes clear.
From your weekly charts, I would use the F12 key and manually trade my chart before studying yours. Needless too say you made more & loss less.

If it is not too much trouble & you have the time, could you please post more of your trades (maybe one's showing several days of trading). For my study purposes a great explanation of each trade would not be necessary because I learn more by trying to figure out the "reasons for the trade".
Thank you so much for what you have given to this thread.
regards

gmcc
  • #7,854
  • Jul 21, 2012 5:08pm Jul 21, 2012 5:08pm
Quoting gmcc
Hi Phx62

Certainly glad to see your recent post. I learn so much studying your charts. Since I did Not find this thread until recently, I have had to back study your charts. Many times at first I cannot understand why you entered at a particular point, but once I go thru enough study it becomes clear.
From your weekly charts, I would use the F12 key and manually trade my chart before studying yours. Needless too say you made more & loss less.

If it is not too much trouble & you have the time, could you please post more of your trades...
Hi!

I'm also interested to Phx charts!
Thursday was a bad day for me... (TF 1h)

Thanks and happy week-end
  • #7,855
  • Jul 21, 2012 5:42pm Jul 21, 2012 5:42pm
Quoting smarco
Hi!

I'm also interested to Phx charts!
Thursday was a bad day for me... (TF 1h)

Thanks and happy week-end
Trades 1 & 2...Sunday night....late entry....price stalled for several hours...got out with +30....re-entered long on a cross of the TDI and a break of the setup candle.
Trades 3,4 & 5....all entries were based on the usual PA and TDI confirmations......watched the 200 EMA very closely....price broke and pulled back several times for the rest of the week. Price often stalls at the 200 EMA and then sometimes continues in the original direction but more often than not, it pulls back. This week it pushed through several times but each time it pulled back. Those pullbacks a very easy way to determine market direction following a bounce off the 200 and usually give a great trade entry (barring any interference from news releases).
No trades on Thursday.....business trip....if I had traded on Thursday, entry would have been made at the NY open on the candle close below the 200 EMA.
Friday's trade already discussed in an earlier post.
Successful trading to all......
Attached Image (click to enlarge)
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  • #7,856
  • Jul 21, 2012 7:45pm Jul 21, 2012 7:45pm
Phx62

Thanks so much. It really helps to have a weekly review of your trades.
I know you said a short while ago how busy you are right now, so again Thanks.
gmcc
  • #7,857
  • Jul 21, 2012 9:11pm Jul 21, 2012 9:11pm
Quoting Phx62
Trades 1 & 2...Sunday night....late entry....price stalled for several hours...got out with +30....re-entered long on a cross of the TDI and a break of the setup candle.
Trades 3,4 & 5....all entries were based on the usual PA and TDI confirmations......watched the 200 EMA very closely....price broke and pulled back several times for the rest of the week. Price often stalls at the 200 EMA and then sometimes continues in the original direction but more often than not, it pulls back. This week it pushed through several times but each time it pulled...
Hi Phx62, thanks for posting your charts, always extremely helpfull. Can you please tell me , on trade 3 what kept you in the trade when it went against you (i think about 30 pips ). I see you have cave manager icon on your chart , which i dont know much about , was it to do with this or was it the sixth sense you have developed.
also what is the indi at the top m5 m15 h1 h4 etc . does this show trend .? and great tip about 200 ema , i shall certainly be watching that in future , thanks again
ROB
  • #7,858
  • Jul 21, 2012 11:39pm Jul 21, 2012 11:39pm
Quoting Phx62
Trades 1 & 2...Sunday night....late entry....price stalled for several hours...got out with +30....re-entered long on a cross of the TDI and a break of the setup candle.
Trades 3,4 & 5....all entries were based on the usual PA and TDI confirmations......watched the 200 EMA very closely....price broke and pulled back several times for the rest of the week. Price often stalls at the 200 EMA and then sometimes continues in the original direction but more often than not, it pulls back. This week it pushed through several times but each time it pulled...
Thanks Phx62,
i am confused in this week, and when i see ur post, it make sense.
but i have a question in ur trade 5, after ur entry, there's a pullback(i am not so sure) candle after. so will you close ur trade after that pullback singal?
I entry long when breakthrough the EMA60, but it fails. am i take the long trade? Maybe i should wait for the entry after the break of the asian session high low. i am a noob here , this is my first post, thanks again!
  • #7,859
  • Edited Jul 23, 2012 12:18am Jul 22, 2012 12:32am | Edited Jul 23, 2012 12:18am
Quoting robuk
Hi Phx62, thanks for posting your charts, always extremely helpfull. Can you please tell me , on trade 3 what kept you in the trade when it went against you (i think about 30 pips ). I see you have cave manager icon on your chart , which i dont know much about , was it to do with this or was it the sixth sense you have developed.
also what is the indi at the top m5 m15 h1 h4 etc . does this show trend .? and great tip about 200 ema , i shall certainly be watching that in future , thanks again
ROB
I do use the CaveManager EA to manage trades when I am away from my computer but in this case, I did not believe that PA would break through the 200 EMA and change direction for a long trade. I had set a 50 pip SL and was willing to have it hit because of how price had reacted at the 200 EMA previously. If one of the blue candles had CLOSED above the 200, I would have considered exiting the trade and looked for a long entry. Instead, both of the blue candles became pullback bars and price went down, hitting my 50 pip TP. The hardest part of trading for me has been learning to be patient and let trades develop. It has taken a long time for me to able to remove the emotion and watch trades become profitable based on my analysis and trading plan. Losers happen for everyone but learning to remove the emotion from trading when I have a winner or loser has made me a better trader. That comes from controlling lot sizes (money management) and being confident in my trading plan.
The indicator at the top of the chart is just a simple MA crossover indicator that tells me the general direction of each time frame. It is only for reference and has nothing to do with decisions on entries or exits. If I see something there, I will sometimes change time frames to look at what price is doing and check for any supply/demand areas on that time frame.....nothing more.
  • #7,860
  • Jul 22, 2012 1:16am Jul 22, 2012 1:16am
Quoting Phx62
I do use the CaveManager EA to manage trades when I am away from my computer but in this case, I did not believe that PA would break through the 200 EMA and change direction for a long trade. I had set a 50 pip SL and was willing to have it hit because of how price had reacted at the 200 EMA previously. If one of the blue candles had CLOSED above the 200, I would have considered exiting the trade and looked for a long entry. Instead, both of the blue candles became pullback bars and price went down, hitting my 50 pip TP. The hardest part of trading...
thanks very much for a well detailed and illuminating explanation, it is very helpful.
is a 50 tp/sl a general strategy for you .it would scare me, but i can see that you have a high success rate , so guess not too scary for you .
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