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  • #8,301
  • Aug 29, 2012 11:10pm Aug 29, 2012 11:10pm
A ranging market this week...only 3 H1 trades....only 1 reached TP, 1 broke even and one closed for 13 pips.
M15 today...picked up 45 pips on 3 trades....all based on the TMS system of a cross of the TDI on the 1st or 2nd candle with a change color......still a slow week.....typically this time of year is slow due to the end of summer for many "Market Makers"....many of them on vacation or holiday.....expect the market to pick up again in Sept and Oct....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012.8.29 eu h1 3 days.gif Size: 83 KB
Click to Enlarge Name: 2012.8.29 eu m15.gif Size: 90 KB
  • #8,302
  • Aug 29, 2012 11:42pm Aug 29, 2012 11:42pm
Quoting Phx62
.still a slow week.....typically this time of year is slow due to the end of summer for many "Market Makers"....many of them on vacation or holiday.....expect the market to pick up again in Sept and Oct....
Bernanke and Draghi both speaking at Jackson Hole conference Fri/Sat, could also be an issue.
  • #8,303
  • Edited 1:35am Aug 30, 2012 12:31am | Edited 1:35am
Quoting Phx62
A ranging market this week...only 3 H1 trades....only 1 reached TP, 1 broke even and one closed for 13 pips.
M15 today...picked up 45 pips on 3 trades....all based on the TMS system of a cross of the TDI on the 1st or 2nd candle with a change color......still a slow week.....typically this time of year is slow due to the end of summer for many "Market Makers"....many of them on vacation or holiday.....expect the market to pick up again in Sept and Oct....
Very Thanks for your trade in ranging have a good trade
i'll study now


PHX62 update info for potential entry Help

it's the candle of the London open?
Attached Image (click to enlarge)
Click to Enlarge Name: info.png Size: 528 KB
  • #8,304
  • Aug 30, 2012 1:45am Aug 30, 2012 1:45am
Quoting emmanuel7788
Hi pinux,

it is fibo confluence (see attach chart).

1)for H1 intradya trading I use D fibo and also previous Week fibo.

2) other traders may use D pivot levels which is also effective
but when previous D is narrow range the next D pivots levels are also very narrow,
so as example, 28 Aug price hit R3 easily.

3) when the previous D is wide like 28 Aug, the next D pivots levels are much wider apart.

Observe how price retraces after a rally and try pick the support for a continuation. Usually a shallo retracement to between...

beautiful graph with a lot of info but i need more time to read all
thanks
  • #8,305
  • Aug 30, 2012 3:46am Aug 30, 2012 3:46am
Which settings would you recommend for the TDI_RT indi in M5 or M15 trades?

Thank you!
  • #8,306
  • Aug 30, 2012 5:30am Aug 30, 2012 5:30am
Quoting Phx62
A ranging market this week.....
Hello Phx62,

Do you use this method to trade any other pairs besides EU?

Thanks.
  • #8,307
  • Aug 30, 2012 5:40am Aug 30, 2012 5:40am
Hi
I do not know how to configure THV4 CaveManager 1.3 to make it putting the stop loss 5 pips higher/lower than the previous bar high/low since I'm in profit and cannot sit in front of computer.

Can anybody tell me how to do that ?
  • #8,308
  • Aug 30, 2012 5:48am Aug 30, 2012 5:48am
Quoting fxtrade13
Hello Phx62,

Do you use this method to trade any other pairs besides EU?

Thanks.
Hello,

Phx trade only EU
  • #8,309
  • Aug 30, 2012 8:16am Aug 30, 2012 8:16am
Quoting pinux76
Very Thanks for your trade in ranging have a good trade
i'll study now


PHX62 update info for potential entry Help

it's the candle of the London open?
I normally only trade the London session so I would not have been at my computer at the time the TDI crossed, but volume usually increases during London, so I would have taken the chance and entered at LO. In fact, I did take that trade on the H1 time frame (see the other chart) and ended with a break even trade....if I had taken and monitored it on the M15 I would have set a TP of 20 pips.
  • #8,310
  • Aug 30, 2012 10:19am Aug 30, 2012 10:19am
Result my trade usdchf h4
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-08-30_1615USDCHF_TARGET.png Size: 82 KB
  • #8,311
  • Aug 30, 2012 10:41am Aug 30, 2012 10:41am
105 Pips in 4 trades.

3 x 15 pips
1 x 60 pips

Traded the range. Each touch of the channel entered short for top of channel long for bottom of the channel, 20 pip channel range so target of 15 pips stop just outside channel at 7 pips 1:2 RR. The system confirmed the trades although a bar or 2 later. The last trade was just luck I only just managed to get my target out of the way so was able to take advantage of the drop, otherwise would have been another 15. But considering the action not a bad result. Do not chase squiggly lines when price is ranging, find the top and bottom of the range and just trade the bounces off in the opposite direction if you get it wrong you lose 7 pips, not an account killer.

Hope you all prospered as well

PS
Forgot to say, this is the 15 min chart of the eurusd
Also if you had traded the system/method you would have made some pips too.
Attached Image (click to enlarge)
Click to Enlarge Name: thurs 30.png Size: 40 KB
Cut your Losers short and let your Winners run.
  • #8,312
  • Aug 30, 2012 10:47am Aug 30, 2012 10:47am
Quoting fxtraderfx
Result my trade usdchf h4
Nice one!!!

Breakeven is a lovely word, very relaxing.
Cut your Losers short and let your Winners run.
  • #8,313
  • Aug 30, 2012 5:02pm Aug 30, 2012 5:02pm
Quoting Phx62
A ranging market this week...only 3 H1 trades....only 1 reached TP, 1 broke even and one closed for 13 pips.
M15 today...picked up 45 pips on 3 trades....all based on the TMS system of a cross of the TDI on the 1st or 2nd candle with a change color......still a slow week.....typically this time of year is slow due to the end of summer for many "Market Makers"....many of them on vacation or holiday.....expect the market to pick up again in Sept and Oct....
Phx, your posts and descriptions are always welcome!

Thanks for these graphs!
  • #8,314
  • Aug 30, 2012 5:35pm Aug 30, 2012 5:35pm
Quoting dee50
105 Pips in 4 trades.

3 x 15 pips
1 x 60 pips
  • #8,315
  • Aug 30, 2012 9:23pm Aug 30, 2012 9:23pm
Quoting Phx62
X-MAN....GOOD TO SEE YOU BACK ON THE THREAD AGAIN....."3S" SYSTEM COMBINED WITH "TRADING MADE SIMPLE" SYSTEM IS THE BEST WAY I HAVE FOUND TO TRADE THE MARKETS.....H4 IS A LITTLE SLOW FOR ME BUT THE H1 & M15 PAY THE BILLS.

smarco,
Attached is my H1 chart for the week, so far....I posted the M15 trade earlier. I made notes on the chart....hope it helps....
Phx62

Hi Phx62,

Could you please help us clearer about your combination of two system (S3 & TMS) as you mention above?
And can you share your template you are using? (If you fell free)

Very appreciated!
  • #8,316
  • Aug 30, 2012 11:40pm Aug 30, 2012 11:40pm
learning to trade the simple way has to start by learning what that are shared and taught by Big E TMS thread.
S3 is made simple by X-man to focus on EU H1 when LO and NYO for intraday day traders.
In addition, X-man also provide a H4 method for swing traders.

There are plenty of resources at the TMS thread and one has to spend the time to pick those posts and learn them. It takes a lot of hours to go through the TMS thread and learn the basics. There is no short cut to become successful as a trader. It will take a lot of practice to become a trader. As Daniel Colye put... it will take 10,000 hours of deep practice in the Talent Code.
  • #8,317
  • Aug 31, 2012 12:15am Aug 31, 2012 12:15am
Quoting vtayha
learning to trade the simple way has to start by learning what that are shared and taught by Big E TMS thread.
S3 is made simple by X-man to focus on EU H1 when LO and NYO for intraday day traders.
In addition, X-man also provide a H4 method for swing traders.

There are plenty of resources at the TMS thread and one has to spend the time to pick those posts and learn them. It takes a lot of hours to go through the TMS thread and learn the basics. There is no short cut to become successful as a trader. It will take a lot of practice to become...
good point!
  • #8,318
  • Aug 31, 2012 12:41am Aug 31, 2012 12:41am
Quoting vtayha
learning to trade the simple way has to start by learning what that are shared and taught by Big E TMS thread.
S3 is made simple by X-man to focus on EU H1 when LO and NYO for intraday day traders.
In addition, X-man also provide a H4 method for swing traders.

There are plenty of resources at the TMS thread and one has to spend the time to pick those posts and learn them. It takes a lot of hours to go through the TMS thread and learn the basics. There is no short cut to become successful as a trader. It will take a lot of practice to become a...
Anyone wanting to learn to become a successful trader using this system should take careful heed to what vtayha has written here.....it takes lots of study, testing and hard work to become a successful trader....nice job vtayha....wise words of advice!!
  • #8,319
  • Aug 31, 2012 1:30am Aug 31, 2012 1:30am
Quoting Phx62
Anyone wanting to learn to become a successful trader using this system should take careful heed to what vtayha has written here.....it takes lots of study, testing and hard work to become a successful trader....nice job vtayha....wise words of advice!!
i agree with this totally.
Put in those hours guys. soon you will see it will be like second nature. Thats when you relax and take trades without much thinking involved. Just like how PHX62 does.
then you will be pippin away.

The TDI is all you will ever need to make those pips.
X-man the legendary conqueror of markets
  • #8,320
  • Aug 31, 2012 1:32am Aug 31, 2012 1:32am
Dear PHX62
after a night of study
I have some question for the entry


1)when the PA on the tf60 and the cross on the TDI is not complete but the angle suggest to entry
you open the tf15 ed entry anticipating the close of the candle?

2)the MBL in the tf 15 and tf 60 if the cross down is under the mbl ok the trend il very short and viceversa

but when the cross is down but over the mbl or over the 50 line is important for you or the not?
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