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  • #10,401
  • Feb 22, 2013 2:41am Feb 22, 2013 2:41am
Quoting ashx
Hi Phx,

I don't know if there's a higher praise one can receive on this thread - than to be in the same exact trades as Phx62 ! I've been learning from the Master. Thank you so much for the work you do here. And please keep it up !

Hi KOS-fx, and welcome.

The candle you're referring to (on EURUSD, I presume) - did not occur on LO. The white dotted line - is 5AM GMT, and the candle occurred on 6AM GMT, way before LO. You can see the London session as a green box in my charts.
As per my trading plan, I do not take trades prior to LO. There...
May I ask if you can guide me to where I can get the ADR indicator that you use on you chart which also shows the traded pair ? I have been searching for this one but could not find it

Thanks for showing your chart, as it will help us learn this way
I Have Learned to Take Some Losses to Make Profits
  • #10,402
  • Feb 22, 2013 3:49am Feb 22, 2013 3:49am
Hi TheScorpS,

The Pair/Spread and the ADR on my charts are 2 different indicators. The Pair/Spread - is an indicator I've written myself. Please find it attached. Feel free to modify it if you like. The ADR indicator is called xADR_0.1 and I found it on this thread. I think it was posted by Phx, can't remember for sure. I only modified it's visuals - the rest is all from the original indy. Please find it attached as well.

Regards,
ashx
Attached File(s)
File Type: mq4 xADR_0.1.mq4   4 KB | 412 downloads
File Type: ex4 xADR_0.1.ex4   6 KB | 342 downloads
File Type: mq4 ashx_SpreadIndicator.mq4   1 KB | 382 downloads
File Type: ex4 ashx_SpreadIndicator.ex4   2 KB | 293 downloads
  • #10,403
  • Feb 22, 2013 5:36am Feb 22, 2013 5:36am
Quoting ashx
Hi TheScorpS,

The Pair/Spread and the ADR on my charts are 2 different indicators. The Pair/Spread - is an indicator I've written myself. Please find it attached. Feel free to modify it if you like. The ADR indicator is called xADR_0.1 and I found it on this thread. I think it was posted by Phx, can't remember for sure. I only modified it's visuals - the rest is all from the original indy. Please find it attached as well.

Regards,
ashx
Thanks a lot, I appreciate it, and appreciate the work you have put to write an indi or edit one
I Have Learned to Take Some Losses to Make Profits
  • #10,404
  • Feb 22, 2013 5:38am Feb 22, 2013 5:38am
My 2nd Trade.

My entry was made before the candle close several mins earlier, as the tdi default green cross over at my ibfx chart. Initial SL was candle before.
After mins it train down. When I reach 25pips, I quickly set my SL to BE. Then it's headed down to 45pips, I move my SL to BE+20. Later SL Hits.
Was out of the game.

I would like to seek advice, as my action of moving the SL to BE+20 too early? My Intention was trying to ride the train. Due to the fact that I was
watching the entire process. Should I just let it go and re-check back before the candle closed ?? Any better opinion ??

EU = +20pips

Thanks in advance
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Banker please return my pipins.
  • #10,405
  • Feb 22, 2013 5:58am Feb 22, 2013 5:58am
Badboy,

I took the same trade exactly when you did, after the breakdown of the pullback's candle low, but on EUR/JPY. Had my doubt regarding the cross of green, but everything else seemed to be fine. Was out 1:1 risk-reward. Am just wondering whether the price would have dropped if not the EBC news.

By the way,

I used to trade according to Raghee Horner approach. Basically it is a trend following technique. By then, majority of unexpected news moved the price just to hit my SL. The direction was always contrary to my position. Trading TMS is exactly the opposite, red news nearly every time make the price to move in the direction of TP. That is amazing.


ashx,

Good do see you here. Your nick is so familiar to Phx62 (and I bet he results are aswell), that I might "accidentaly" redirect my annoying questions to you .
Remember I'm a newbie!
  • #10,406
  • Feb 22, 2013 8:47am Feb 22, 2013 8:47am
Quoting tonny47
i meant 20 february SO did I there was a cross of tdi up at about london open, candle changed colour, supported by ema 200.
Let´s look at it another way, maybe it will be clearer to you.
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Cut your Losers short and let your Winners run.
  • #10,407
  • Feb 22, 2013 9:19am Feb 22, 2013 9:19am
eurjpy sold
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  • #10,408
  • Feb 22, 2013 12:28pm Feb 22, 2013 12:28pm
thats the area, thanks i see the channel now, thank you!
Quoting dee50
Let´s look at it another way, maybe it will be clearer to you.
  • #10,409
  • Feb 22, 2013 4:08pm Feb 22, 2013 4:08pm
I almost didn't post my trades today because they seem to generate a lot of newbie questions by some who are new to trading or new to FF and seem to want all the answers handed to them without any effort on their part...however, there are some on this thread who are willing to study and learn and test.....this is for you....I don't post every trade I take nor do I post many losing trades.....I see no benefit to others in doing that.....my goal is to try to help those I can, those who are honestly interested in learning to trade forex, with information that has helped me become a profitable trader......enough ranting......
When there is a long move in one direction, like the one during the last two days, the market usually consolidates for a day or two......also, with today being Friday, I expected the moves to be smaller. Based on that analysis, I decided to "scalp trade" the EJ on the M15 chart during the London session using the TDI and Stochastics (the stochastics were a part of the original TMS and CH methods...see threads started by Big E (eelfranz)). I haven't traded the pure M15 TMS system for a while and thought I would try it again.
There were five TDI crosses during the session......I traded four of them with a 40 pip SL and 40 pip TP.....I chose 40 pips on the first trade because that number put me right at the M15 200EMA.......when that worked out, I used those numbers on the rest of the trades.....the fifth one (marked with the letter "a") was not a good setup....the green crossed the red BUT both were far below the yellow MBL and the 50 line....also the stochastic line was still showing red indicating that would not be a good entry. Unless there is a good pullback, I usually wait to enter trades once price breaks the high or low of the previous candle. All four of the other trades reached the TP......
Attached Image (click to enlarge)
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  • #10,410
  • Feb 22, 2013 4:36pm Feb 22, 2013 4:36pm
gbpusd trade

more 200 pips today
Attached Image(s) (click to enlarge)
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  • #10,411
  • Feb 23, 2013 1:36am Feb 23, 2013 1:36am
Quoting Phx62
I almost didn't post my trades today because they seem to generate a lot of newbie questions by some who are new to trading or new to FF and seem to want all the answers handed to them without any effort on their part....
Hello, I follow this and few others thread for long time and not post much I just read and learn. Its interesting and usefull system which I use for a year now with great success and I will recommend each newbie on FF to read it and study.
Thank you Phx62 for sharing your charts. Most of trades are logical at closed of candles when you see tdi cross but sometimes you got entry when it is almost impossible to identify tdi cross at the time you take trade. I mean your third trade in your last post. This cross happend when red candle were closed and no sooner and in time you enter tdi heading up(because tdi refresh state on creation of new candle). How you decide to enter this third trade when price makes HH early and then you enter when tdi heading up?
It will be logical to enter four candles earlyer when tdi turn down, candle change to red, also reject ema50 and maybe indicate that tdi can be crossed and you also get your 40pips ?

Edit: It will be also more logical to take your "a" trade after dblh few candles early also with divergence.

Sandi
  • #10,412
  • Feb 23, 2013 10:58am Feb 23, 2013 10:58am
Quoting Phx62
I almost didn't post my trades today because they seem to generate a lot of newbie questions by some who are new to trading or new to FF and seem to want all the answers handed to them without any effort on their part...however, there are some on this thread who are willing to study and learn and test.....this is for you....I don't post every trade I take nor do I post many losing trades.....I see no benefit to others in doing that.....my goal is to try to help those I can, those who are honestly interested in learning to trade forex, with information...
Thanks Bro , I am new to ForexFactory and the only reason for joining this forum is this thread. Now i am going to follow this trading system but there are some confusions about the template of the charts as there are many followers having their own amendments. But you chart configuration is more clearer to me and i want to follow the same charts/system. Please if you don't mind give me the template of your chart and also the extra indicators that are used.
  • #10,413
  • Feb 23, 2013 2:31pm Feb 23, 2013 2:31pm
Quoting X-Man
some other swing trades

4H

Why are you going long over here ? I Thought that in a down trend you only go short if it touches the top of the channel.
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  • #10,414
  • Feb 23, 2013 5:33pm Feb 23, 2013 5:33pm
For those interested thought id share the use of an indicator that may help others with entries and seeing 123 patterns.

See the chart and the coloured dots, if followed by a TDI cross I enter (which by the way it always is). If you compare the dots with any successful trade chart (eg Phx's and Dee's great ones) you will notice how the dots point to good entries often a couple of bars before the TDI cross.

Downside: the indicator repaints, so used in isolation it can lead to you being the wrong side of price movement, but if used as an early indicator that price may make a TDI cross it has proven golden for me.

The indicator is #4X 3 Semafor Alert and can be found easily on this site and others if googled. I haven't attached as, it is another indicator that I suppose is not strictly TMS or Xman. Anyway those struggling with entries might find it useful.
Attached Image (click to enlarge)
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We're all just one trade away from humility.
  • #10,415
  • Feb 23, 2013 10:09pm Feb 23, 2013 10:09pm
Quoting emmanuel7788
Hi KOS,

I heard this one too many times here in FF.

First you should learn this S3 EU H1 method and start trading with demo account. Do a 100 trades and review the results. Do post-mortem of every trade - both winners and losers, learn from every one of your own trades. At the same time, you follow this thread and study those trades posted by members here. This is a more complete and better way to learn and experience this all by yourself.

Trade Well.
Dear emmanuel7788,

Thank you very much for your advice,
I have being reading X-Man S3 (Just finish 100 pages) for few weeks... So let me say again Thank you very much all senior members PHX62, Dee , Erebus, Emmanuel ....Etc. for your massive contribution here...
If without FF, X-Man S3 and specialy you all sure it will take me more than one year to learn about FOREX what I have already learnt (though it is still very little).. Your advice (kind or rude) nevermind.. It all helps a lot for me to CONQUER this Forex world....
80% effort, 20% luck
  • #10,416
  • Feb 24, 2013 5:46am Feb 24, 2013 5:46am
Quoting otiose
On item 2: You mean that the line in question is just the low and high of the bar of the Daily and H4 ?

http://www.babypips.com/school/suppo...esistance.html
Cut your Losers short and let your Winners run.
  • #10,417
  • Feb 24, 2013 6:26am Feb 24, 2013 6:26am
From comments and questions on this thread it is clear that some of you are either not Back Testing or not compiling Statistical Information from your Back Testing. Every time you back test you should record the information, WHY? because the market dynamics change constantly and your back test results will differ now from what you had 3 months ago. If you are not sure how big a stop loss you should have, your back test should tell you, is your trailing strategy not working, your back test should tell you why not. You should build a data base similar to the one attached from which you can analyse the characteristics of the pair/s you are trading.

If you can not be arsed to do this exercise. Do not post on this thread.

Choose your own Table Headings for what is important to you. But here is a brief explanation

PIPS = Pips Profit. 2 pips profit implies a B/E as I always move my stop to Entry plus 2 pips. to cover commission and slippage.
B/E = Number of pips in Profit when stop was moved to B/E.
STOP = Size of initial stop loss based on nearest Swing High/ Low
RETRACE = Number of Pips Price retraced after entry, this does not take into account how many pips price went into profit before retracing. (you work this out by looking at a lower TF 15 or even 5 min)

Second image is extracted from a video from the Pro Trader Network it shows suggestions from Rick as to the type of thing you might want to test for.
Attached Image (click to enlarge)
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Attached Image
Cut your Losers short and let your Winners run.
  • #10,418
  • Feb 24, 2013 7:29am Feb 24, 2013 7:29am
Quoting dee50
From comments and questions on this thread it is clear that some of you are either not Back Testing or not compiling Statistical Information from your Back Testing. Every time you back test you should record the information, WHY? because the market dynamics change constantly and your back test results will differ now from what you had 3 months ago. If you are not sure how big a stop loss you should have, your back test should tell you, is your trailing strategy not working, your back test should tell you why not. You should build a data base similar...
Thanks Dee, actually I'm back testing everyday now, I will keep improving my trading by back testing and other resources with learning form experienced traders. Phx62, Dee, Emmanuel and trying to get this thing (DISCIPLINE) under control as possible

I have have been writing notes in back testing and now I will add this sheet examples that your provided for a better analysis in back testing
I Have Learned to Take Some Losses to Make Profits
  • #10,419
  • Feb 24, 2013 7:55am Feb 24, 2013 7:55am
How you use the stochastics? ... the alwas seem to be on overboght or oversold areas when the tdi crosses.
  • #10,420
  • Feb 24, 2013 8:08am Feb 24, 2013 8:08am
Quoting dee50
From comments and questions on this thread it is clear that some of you are either not Back Testing or not compiling Statistical Information from your Back Testing. Every time you back test you should record the information, WHY? because the market dynamics change constantly and your back test results will differ now from what you had 3 months ago. If you are not sure how big a stop loss you should have, your back test should tell you, is your trailing strategy not working, your back test should tell you why not. You should build a data base similar...
Really inspiring , now i am more motivated to follow this SSS system. It is really really best one i have ever seen.

One question i have , this back testing is applied to which pair ?? and also is these are your executed trades fully following this system ? ( if my question seems silly then don't mind , i am new to this thread )
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