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Another simple system - Time-Frame 15

  • #19,801
  • Feb 16, 2013 10:56pm Feb 16, 2013 10:56pm
[quote=Vantage;6451688]
Quoting Vantage

I know this is a toughie, but this should help.

Do you have a set of counter trend trade rules? If you saw the items on your CT list starting to fill up would you take a trend trade? If you did fair enough no problem. If you got to say +15 would you protect yourself and get your stop to BE quicker or let your stop get hit when CT alarm bells are ringing?
Vantage,
I find this thread some two months ago, when LE1 already left, was trying to implement the system but most of my trades were losers. I understand the problem is in me. Then I went to Big E thread and found this much for suitable for me. I use only H4 tmf now. I heve never asked anybody about my trades or help in trading, trying to find myself by studing charst, all posts... etc.
Now I am making backtest on MT4 the Big E system. After struggling for more then a year with different systems on short time frames, this h4 makes hudge difference.
Last few days made around 200 trades on MT4 backets, and I am close to 70% accuracy (68,5 in fact).
To compare results I decide to use R/R = 1, play only with trend, and only really basic rules, only one type of entry the trade (no bouce trades no CT). Tested AUD/USD, GBP/USD, from 1 Jan 2012, and now I am in EUR/USD.
Gained so far 2500 pips having average 68% of winning trades. Longest loosing string was 5 in row, longest winning string was 10 in row.
4H alows me tu study charts, reading books, threads, help my wife in the kitchen, I can even go for walk in the mean time. There is a plenty of time to fink and analysing and planning the trade.
Won't say last year was lost bcoz started with short time frames. Gained experience helps a lot, but short time frames can drive, newbies like me, crazy.
I am changing also my aproach to FF threads. Will strat to ask questions, showing my on going trades if they goes bad. Think it will rise to the next level my trading abilities.
So thank you for this, and looking forward for more...
Jacek
JacekPreserve Precious Capital
  • #19,802
  • Feb 17, 2013 2:14am Feb 17, 2013 2:14am
Hi Pat Chiko,
could You send me please the TDI_pro_V5.4 indicator and its settings.
I couldnīt find the download version.
Thanks ... Pavel
  • #19,803
  • Feb 17, 2013 7:21am Feb 17, 2013 7:21am
Quoting PVtrader
Hi Pat Chiko,
could You send me please the TDI_pro_V5.4 indicator and its settings.
I couldnīt find the download version.
Thanks ... Pavel
Why on earth would you want it? Several posts with its pics, each one seems to have different settings. Standard TDI with the addition of a histogram that moves above/below a level when RSI is crossing its signal line? The histo then goes higher/lower on the gap between the RSI/signal line.

On the one post the signal line is removed so the histo crossing above/below level seems to tell you some deep secret. Doesn't tell you anything more than a standard TDI cross.
  • #19,804
  • Feb 17, 2013 9:35am Feb 17, 2013 9:35am
Reviewing EU charts today.
Week ended 15 Feb formed a doji, as did the daily candle of 15 Feb (with a longish tail of about 60 pips).
Daily candles made a LH and LL during the week but has respected the upward trendline taken from the pinbar formed on 13 November and 20/200 EMA's.
To my mind, price can bounce up from the trend line or break it down.
On H4, a Pop Gun (thanks emmanuel) formed with a series of IB's.
Will a break of the top/bottom of the Pop Gun range signal the direction?
Anyone with an opinion?

Axiom
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU D1 15Feb.png Size: 59 KB
Click to Enlarge Name: EU H4 15Feb.png Size: 29 KB
  • #19,805
  • Feb 17, 2013 1:12pm Feb 17, 2013 1:12pm
Hello, this is a nice and clean system I'd like to try. I have a question, though. Does anybody have the TDI indicator for MT5?
  • #19,806
  • Feb 17, 2013 3:47pm Feb 17, 2013 3:47pm
Quoting Axiom
Reviewing EU charts today.
Week ended 15 Feb formed a doji, as did the daily candle of 15 Feb (with a longish tail of about 60 pips).
Daily candles made a LH and LL during the week but has respected the upward trendline taken from the pinbar formed on 13 November and 20/200 EMA's.
To my mind, price can bounce up from the trend line or break it down.
On H4, a Pop Gun (thanks emmanuel) formed with a series of IB's.
Will a break of the top/bottom of the Pop Gun range signal the direction?
Anyone with an opinion?

Axiom
Hi Axiom,

I have the same technical analysis like you did.
That mother bar is about 85pips so can scalp for some pips withing this range.
For a major breakout, I am eyeing the 14 Feb D candle body i.e the Open and Close range for a setup entry. We shall see how Asian market reacts after the weekend and then wait for Euro sessions.

After the G20 leaders declared that there will be no currency war, would businesses listen? Once back to their own countries, their will be their own economy survival which will take priority and central banks have their role to play. We are in middle of the first Quarter of the new fiscal year and after the last year financial results, big corporations have a lot to do to boost earnings and answer to their shareholders. It will be back to business as usual.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,807
  • Feb 17, 2013 3:49pm Feb 17, 2013 3:49pm
Quoting xapumup
Hello, this is a nice and clean system I'd like to try. I have a question, though. Does anybody have the TDI indicator for MT5?
Hi,

TDI is a hybrid indicator using the RSI data .You can use RSI to create the TDI in MT5.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,808
  • Feb 17, 2013 11:53pm Feb 17, 2013 11:53pm
EU 5mins to LO:

Price got push down from RN 1.3350, also confluence with 50% of last Frdiay High-Low, and today NY open.

BUY Low
SELL High
Beware when Tokyo closes 1 hr after LO.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,809
  • Feb 18, 2013 7:38am Feb 18, 2013 7:38am
Quoting loveevery1
sorry guys dint have time to post this chart. just came back from evening walk.thought i wud post the setup this afternoon...

this is a reentry trade the signal was for sell coz the price was below the 200ema and the price was also bouncing off the Round number level..it was hesitating to break that level..and as expected it finally broke down.
Hello,I know its a long time since you posted this quote and i don't know if this your strategy is still working or not but what i want to know is, in the TDI there is a yellow line what is it, and what parameter is it.kind regards
  • #19,810
  • Feb 18, 2013 11:49am Feb 18, 2013 11:49am
[quote=Jackub;6451706]
Quoting Vantage

Vantage,
I find this thread some two months ago, when LE1 already left, was trying to implement the system but most of my trades were losers. I understand the problem is in me. Then I went to Big E thread and found this much for suitable for me. I use only H4 tmf now. I heve never asked anybody about my trades or help in trading, trying to find myself by studing charst, all posts... etc.
Now I am making backtest on MT4 the Big E system. After struggling for more then a year with different systems on short time frames,...

good afternoon ..., jakub I'm also still a beginner looking for a system that fits me and my lifestyle, and I read this post this ... (Then I went to Big E thread and found this much is suitable for me. H4 tmf I now use only. Asked I heve never anybody about my trades or help in trading, trying to find myself by studying charst, all posts ... etc.).
Could you tell me the link to that system?
thanks in advance and all participants of this forum if you can help me, also thanked.
regards,
jvbs
I hope you understand my English because it is not my language.
Work very hard until you get there (excuse my english)
  • #19,811
  • Feb 18, 2013 11:52am Feb 18, 2013 11:52am
[quote=jvbs;6454871]
Quoting Jackub


good afternoon ..., jakub I'm also still a beginner looking for a system that fits me and my lifestyle, and I read this post this ... (Then I went to Big E thread and found this much is suitable for me. H4 tmf I now use only. Asked I heve never anybody about my trades or help in trading, trying to find myself by studying charst, all posts ... etc.).
Could you tell me the link to that system?
thanks in advance and all participants of this forum if you can help me, also thanked.
regards,
jvbs
I hope you understand...
http://www.forexfactory.com/showthread.php?t=291622
good luck, you have to go 100, pagest at least
Jacek
JacekPreserve Precious Capital
  • #19,812
  • Feb 18, 2013 11:52am Feb 18, 2013 11:52am
Quoting toxl
Hello,I know its a long time since you posted this quote and i don't know if this your strategy is still working or not but what i want to know is, in the TDI there is a yellow line what is it, and what parameter is it.kind regards
good afternoon ... the yellow line I think they call market base line, but someone more experienced who take this course better for you
Work very hard until you get there (excuse my english)
  • #19,813
  • Feb 18, 2013 11:59am Feb 18, 2013 11:59am
[quote=Jackub;6454879]
Quoting jvbs

http://www.forexfactory.com/showthread.php?t=291622
good luck, you have to go 100, pagest at least
Jacek


thanks for your quick answer, look I'm also following this forum, you know that eelfranz also has a website?
It was great to both of us if we could exchange some ideas about this method.
Work very hard until you get there (excuse my english)
  • #19,814
  • Feb 18, 2013 5:27pm Feb 18, 2013 5:27pm
EU Tuesday 19 Feb:

Yesterday was US holiday and we saw a narrow ranged trading day despite Draghi speech.
This gives us breakout opportunity for today and maybe short-trem swing for this week.

There is D Inside Bar - 15 Feb and 18 Feb.
Anyone want to post your chart and share how you will trade this Day IB breakout.
Remember, you have 3 attempts to catch a IB breakout.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,815
  • Feb 18, 2013 5:30pm Feb 18, 2013 5:30pm
Daily OHLC as intraday support and resistance
Attached Image (click to enlarge)
Click to Enlarge Name: EU 15 Feb POMO2.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,816
  • Feb 18, 2013 5:34pm Feb 18, 2013 5:34pm
BEARs are smart animals.
They know exactly where to wait for their meals to come to them.

Like I say:
BUY Low
SELL High
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,817
  • Feb 18, 2013 5:50pm Feb 18, 2013 5:50pm
Quoting emmanuel7788
EU Tuesday 19 Feb:

Yesterday was US holiday and we saw a narrow ranged trading day despite Draghi speech.
This gives us breakout opportunity for today and maybe short-trem swing for this week.

There is D Inside Bar - 15 Feb and 18 Feb.
Anyone want to post your chart and share how you will trade this Day IB breakout.
Remember, you have 3 attempts to catch a IB breakout.

Trade Well.
Emmanuel,
I do not quite understand the three attempts part. Could you clarify please, thank you.
  • #19,818
  • Feb 18, 2013 6:18pm Feb 18, 2013 6:18pm
Quoting MidnightRun
Emmanuel,
I do not quite understand the three attempts part. Could you clarify please, thank you.
You need to know how to trade Inside Bar.
The market wont make easy for you. It cannot be that easy when when thousands of traders see the Day IB on their charts so obvious.
But the Smart Money knows where they want to price to go, they will drive the price up and down to lure you into the market.

1st attempt, you may get that BO correct and it runs. You take profit and run.
if that fails, you have the 2nd attempt.
If the 2nd attempt fails, then 80% of the time, this 3rd attempt will run.

That is what I do all the time...
I have a Plan A,...Plan B, ...Plan C.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,819
  • Feb 18, 2013 11:02pm Feb 18, 2013 11:02pm
EJ 19 Feb Pre-LO

will 125.00 hold?
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot_EURJPY_M15_2013.02.19 07_00.gif Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,820
  • Feb 18, 2013 11:29pm Feb 18, 2013 11:29pm
EJ 19 Feb:

Here is an example trading the H4 Double Inside Bar breakout and that trigger we all look for in M15 10EMA.
This is what differentiates a high probability 10EMA trigger from many others which fails.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ H4 example DIB Breakout 19-2-2013 1-44-26 PM.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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