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  • #10,821
  • Mar 20, 2013 1:00am Mar 20, 2013 1:00am
GBP.USD consolidated for quite a while.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mar 20 eur.jpy trendline breakout.png Size: 54 KB
Click to Enlarge Name: mar 20 gbp.jpy trendline breakout.png Size: 56 KB
Click to Enlarge Name: mar 20 gbp.usd trendline breakout.png Size: 60 KB
  • #10,822
  • Edited 3:49am Mar 20, 2013 2:27am | Edited 3:49am
Quoting Drewas
Thought id try 15min TF on EURJPY and has worked out nicely.

Entered after green dot after Europe open and went my way confirmed by TDI cross, have just exited at 200 moving average for 63 pips.

Looks like the move may continue especially with London open but have to go to work .
I see that you are doing well trading with Semafor indi, can you share your thoughts and input on this indi? what you look for , I know price action is what really matters at the end
I Have Learned to Take Some Losses to Make Profits
  • #10,823
  • Mar 20, 2013 2:37am Mar 20, 2013 2:37am
GU false break
GU today went down filled all the orders and going up now.
Break of 1.5140 and we are looking at 100+pip target
lets see TDI for confirmation.
  • #10,824
  • Mar 20, 2013 3:17am Mar 20, 2013 3:17am
Dansk updates.

Here is the link if you want to get them earlier. Look for FORCASTS in the LH index. Then next page Look in the RH index for FX Forcasts. Daily Updates. Weekly Updates and Monthly Updates. This is all FOC and prepared by Professional Analysts.

http://www-2.danskebank.com/danskeresearch
Attached File(s)
File Type: pdf DanskeTechnicalUpdate.pdf   62 KB | 451 downloads
File Type: pdf DanskeDaily.pdf   252 KB | 480 downloads
Cut your Losers short and let your Winners run.
  • #10,825
  • Mar 20, 2013 4:48am Mar 20, 2013 4:48am
Quoting TheScorpS
I see that you are doing well trading with Semafor indi, can you share your thoughts and input on this indi? what you look for , I know price action is what really matters at the end
Its just a tool I use. not everyone likes it because it repaints but personally I like it because of this. I would rather an indicator that's accurate all the time than an indicator that gave me a valid signal an hour ago.

If I see a dot and confirmation from TDI and price action (ie change of candle colour, retrace from MA or round number, candle reaches 3 or more colours etc.) then I know price is going to go in opposite direction until another dot forms. That's not to say that price will not continue in that direction after the dot forms., that's why you should never use it on its own for decisions.

It gives me a visual clue and alarm that a TDI cross is possible and very often lets me get in earlier. I use pure TMS/Xman signals for exit.
We're all just one trade away from humility.
  • #10,826
  • Mar 20, 2013 5:03am Mar 20, 2013 5:03am
Quoting Drewas
Its just a tool I use. not everyone likes it because it repaints but personally I like it because of this. I would rather an indicator that's accurate all the time than an indicator that gave me a valid signal an hour ago.

If I see a dot and confirmation from TDI and price action (ie change of candle colour, retrace from MA or round number, candle reaches 3 or more colours etc.) then I know price is going to go in opposite direction until another dot forms. That's not to say that price will not continue in that direction after the dot forms.,...
let me see how things go when I include it in my back testing , price action and the right mindset is the real way to see success.

Thank you
I Have Learned to Take Some Losses to Make Profits
  • #10,827
  • Mar 20, 2013 5:10am Mar 20, 2013 5:10am
Quoting TheScorpS
let me see how things go when I include it in my back testing , price action and the right mindset is the real way to see success.

Thank you
Doesnt really work in backtesting cause of the repainting (unless you use MT4 Strategy Tester). Just watch what it does live.

It has been a big help to me. Forgot to mention drawing lines from star to star is great for determining ABCD legs.

Different strokes for different folks.
We're all just one trade away from humility.
  • #10,828
  • Mar 20, 2013 5:13am Mar 20, 2013 5:13am
Quoting Drewas
Its just a tool I use. not everyone likes it because it repaints but personally I like it because of this. I would rather an indicator that's accurate all the time than an indicator that gave me a valid signal an hour ago.

If I see a dot and confirmation from TDI and price action (ie change of candle colour, retrace from MA or round number, candle reaches 3 or more colours etc.) then I know price is going to go in opposite direction until another dot forms. That's not to say that price will not continue in that direction after the dot forms.,...
Having fractals highs and lows alert for multiple timeframes is a good trading aid.

Always use Price Action to confirm the fractals highs and lows and the swing points.

You should never try to pick the tops and bottoms for your trade entries.
Wait for a confirm swing points for the turnaround and find your trade entry level.
There is no real need to be agressive in jumping into the market, trying to buy at the lowest point and selling at the highest point.
Buy/Sell on the break of resistance/support, add-on positions on the retracements, build up your positions progressivley.
It is one of many skills you need and you need to develop these important skills.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,829
  • Mar 20, 2013 5:15am Mar 20, 2013 5:15am
Quoting Drewas
Doesnt really work in backtesting cause of the repainting (unless you use MT4 Strategy Tester). Just watch what it does live.

It has been a big help to me. Forgot to mention drawing lines from star to star is great for determining ABCD legs.

Different strokes for different folks.
Perhaps will be helpful for those who use semafor for alert purpose, if you share the settings you use in M15 charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,830
  • Mar 20, 2013 5:30am Mar 20, 2013 5:30am
Quoting emmanuel7788
you are talking about EU on H1.
100 pips is not that easy in recent 100 days when the traded range is between 85 and 105 pips.
there has to be a breakout in the Primary Trend which is H4, and to know whether it will run is when you see a H4 TDI bounce 12-2 or 4-6 or a cross in the right direction in your favour. This is the condition you hold your trade for that 100pips to get hit.

Never take your eyes off the next higher TF i.e. your H4 and also your D.
You need to learn and identify the day swing highs and swing lows beacsue this most often...
Here is today EU example:
Attached Image (click to enlarge)
Click to Enlarge Name: EU 20 Mar S3 H1 POMO 20-3-2013 8-22-23 PM.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,831
  • Mar 20, 2013 12:03pm Mar 20, 2013 12:03pm
Mar 20

London P/L:60
New York P/L: NA-20

Daily total:40

Aggregate Trades: 45
Aggregate P/L: 308


false breakout. from gbp.usd Got caught in it
continue to adjust R.R for different currencies
add new category to journal entries: Range after SL and Range after TP
Attached File(s)
File Type: xlsx Trading Record.xlsx   13 KB | 366 downloads
  • #10,832
  • Mar 20, 2013 1:29pm Mar 20, 2013 1:29pm
Quoting emmanuel7788
Perhaps will be helpful for those who use semafor for alert purpose, if you share the settings you use in M15 charts.
These are the settings I use on Semafor as requested. Think they are the same as installed except change the alarm settings.
Attached Images
We're all just one trade away from humility.
  • #10,833
  • Mar 20, 2013 2:24pm Mar 20, 2013 2:24pm
Quoting Drewas
These are the settings I use on Semafor as requested. Think they are the same as installed except change the alarm settings.
Hi,

thanks!
interesting with 5, 12 , 35

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,834
  • Mar 20, 2013 10:44pm Mar 20, 2013 10:44pm
Today I will have to bid AUF WIEDERSEHEN to this thread. It has been a great journey with many of you here and we had lots of fun posting and exchanging PMs. Some have gone a step further with me and we become good friends online across the great borders and oceans separating us.

AUF WIEDERSEHEN is not goodbye. Directly translated in words, it means see you again and I like this more. Therefore we shall see each other again another time. I have a project to complete in 3 months and this requires my full attention and with my own trading team.

In the meatime, you have to continue on in your learning journey and I want to share this with you.

These are two good places where I learned most of my trading with Price Action and Support and Resistance.

1) https://sites.google.com/site/acegazette/

2) http://www.stratsforextrading.com/dokuwiki/doku.php

Enjoy your learning journey.

Be Blessed.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,835
  • Mar 20, 2013 11:06pm Mar 20, 2013 11:06pm
Quoting emmanuel7788
Today I will have to bid AUF WIEDERSEHEN to this thread. It has been a great journey with many of you here and we had lots of fun posting and exchanging PMs. Some have gone a step further with me and we become good friends online across the great borders and oceans separating us.

[size=3]AUF WIEDERSEHEN is not goodbye. Directly translated in words, it means see you again and I like this more. Therefore we shall see each other again another time. I have a project to complete in 3 months and this requires my full attention and...
Thank U Emmanuel....
Wish U good Luck..
If u had time pls post some posts...
Money is not the everything.... But, without money is NOTHING...
  • #10,836
  • Mar 20, 2013 11:19pm Mar 20, 2013 11:19pm
Quoting emmanuel7788
Today I will have to bid AUF WIEDERSEHEN to this thread. It has been a great journey with many of you here and we had lots of fun posting and exchanging PMs. Some have gone a step further with me and we become good friends online across the great borders and oceans separating us.

[size=3]AUF WIEDERSEHEN is not goodbye. Directly translated in words, it means see you again and I like this more. Therefore we shall see each other again another time. I have a project to complete in 3 months and this requires my full attention and...
You will not be far away from us, you hard work and posts are learning experiance, I am reading your posts and every other experianced traders posts which will keep me busy learning for a long time, please be sure that I will follow the path, and learning, wish you all the best in your project, until then and until we see you again, enjoy your life
I Have Learned to Take Some Losses to Make Profits
  • #10,837
  • Mar 20, 2013 11:27pm Mar 20, 2013 11:27pm
Farewell!

Thankyou for all your advices. See you again in 3 months (of course with your project finished successfully ).

M.
Remember I'm a newbie!
  • #10,838
  • Mar 20, 2013 11:54pm Mar 20, 2013 11:54pm
Pls can anyone recommend a tablet that they are using successfully for trading this method ? I need a tablet that will work with the TDI and all required indicators. Thanks
  • #10,839
  • Mar 21, 2013 12:39am Mar 21, 2013 12:39am
see you later emmanuel. thank you.
  • #10,840
  • Mar 21, 2013 1:18am Mar 21, 2013 1:18am
Hope you keep well and happy , you have helped so many people , selflessly , good luck
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