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  • #1,841
  • Apr 10, 2013 9:01am Apr 10, 2013 9:01am
Quoting Favorite
fxdivergence, thank you so very much! I really appreciate that! So, guys, thanks to fxdivergence we can see that long before the news we had a classic pattern "TMA M1 beyond TMA M5", so we had to close our long trades, take the profits and wait for a pullback down. So as you can see Babon was very safe even during such a high-impact news. {image}
Wasn't TMA already repainted at the moment of this screenshot?
Let's go with the flow
  • #1,842
  • Apr 10, 2013 9:05am Apr 10, 2013 9:05am
Quoting artem_t
Hi, fxdivergence! Just a little note: LH instead of HL and vice versa!
opps. typo
  • #1,843
  • Apr 10, 2013 9:06am Apr 10, 2013 9:06am
Quoting Favorite
Guys, I don't want to be a Monday morning quarterback, so to speak, but I really don't understand where you could enter long so that this news affected you. I marked two green arrows. If you entered at the first one, you were supposed to exit when the price went against you either when Babon became red or at least when the price closed inside the Ichimoku cloud. If you entered at the second arrow - that means that you ignored the M1 Price Action, it was obvious that the high had been formed and the price started going down. And if we had a "TMA...
Hi Favorite,

Thank you so much for your system and explanation, its really great !
One little question about this post, you tell us that we have to watch Babon A and Babon B. I put the TMA M1 ond the Babon A so i have everything in 1 screen, what is the reason you work with 2 screens ??

kind regards Patrick
  • #1,844
  • Apr 10, 2013 9:10am Apr 10, 2013 9:10am
Quoting artem_t
I don't know the reason of this drop, but right at NY open. Here is the importance of SL. Edit: BOJ member's interview.. {image}
Artem, you knew the existance of this BOJ interview with anticipation ? I ask because I'm guided by FF calendar and there did not appear anything about regarding this and it is good to have this information in advance.

Thanks, Bernardo.
  • #1,845
  • Apr 10, 2013 9:11am Apr 10, 2013 9:11am
Quoting Tuauxp
Hi Favorite, Thank you so much for your system and explanation, its really great ! One little question about this post, you tell us that we have to watch Babon A and Babon B. I put the TMA M1 ond the Babon A so i have everything in 1 screen, what is the reason you work with 2 screens ?? kind regards Patrick
Hi, Tuauxp!

It's one of the "top-rated" questions You will find the answer here.
Let's go with the flow
  • #1,846
  • Apr 10, 2013 9:14am Apr 10, 2013 9:14am
Quoting artem_t
Hi, Tuauxp! It's one of the "top-rated" questions You will find the answer here.
Thank you, artem_t, you're a real life-saver!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,847
  • Apr 10, 2013 9:16am Apr 10, 2013 9:16am
Quoting ber_tdf
Artem, you knew the existance of this BOJ interview with anticipation ? I ask because I'm guided by FF calendar and there did not appear anything about regarding this and it is good to have this information in advance. Thanks, Bernardo.
No, I didn't know about that. I found the reason of this drop only after in GMT thread (thanks to RJ) here.
Let's go with the flow
  • #1,848
  • Apr 10, 2013 9:20am Apr 10, 2013 9:20am
Quoting artem_t
Wasn't TMA already repainted at the moment of this screenshot?
artem_t, TMA M5 repainted, but TMA M1 repainted too! If even after repainting TMA M1 is higher than TMA M5 and the TMA M1's slope is much bigger than the TMA M5's slope, that means that the pattern is a real deal, I've seen it many times before.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,849
  • Apr 10, 2013 9:24am Apr 10, 2013 9:24am
Quoting artem_t
No, I didn't know about that. I found the reason of this drop only after in GMT thread (thanks to RJ) here.
I didn't know about that neither. Yes, I try to know about the high impact news in advance, and usually I do, but this time it was really all of a sudden. I'm not even sure whether it was a scheduled event - doesn't look like that.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,850
  • Apr 10, 2013 9:27am Apr 10, 2013 9:27am
Quoting Favorite
artem_t, TMA M5 repainted, but TMA M1 repainted too! If even after repainting TMA M1 is higher than TMA M5 and the TMA M1's slope is much bigger than the TMA M5's slope, that means that the pattern is a real deal, I've seen it many times before.
I understood, thank you. Was just surprised because at the time when I made my post I used to see almost the same picture as on the screenshot.

Quoting Favorite
Thank you, artem_t, you're a real life-saver!
Any time! I'm glad to help when I can.
Let's go with the flow
  • #1,851
  • Apr 10, 2013 9:29am Apr 10, 2013 9:29am
Quoting artem_t
I understood, thank you. Was just surprised because at the time when I made my post I used to see almost the same picture as on the screenshot. Any time! I'm glad to help when I can.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,852
  • Apr 10, 2013 9:29am Apr 10, 2013 9:29am
Quoting Favorite
I didn't know about that neither. Yes, I try to know about the high impact news in advance, and usually I do, but this time it was really all of a sudden. I'm not even sure whether it was a scheduled event - doesn't look like that.
Maybe we need to ask BOJ for their schedule? lol
Let's go with the flow
  • #1,853
  • Edited 9:58am Apr 10, 2013 9:30am | Edited 9:58am
Quoting artem_t
Maybe we need to ask BOJ for their schedule? lol
Those big fat cats know how to keep their secrets!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,854
  • Apr 10, 2013 9:41am Apr 10, 2013 9:41am
Quoting Favorite
Yes, I know. I didn't mean you, I meant condor666 (of course, if he traded Babon, not his system) and fugio.
Favorite, ok... would be much for me to be an idiot two consecutive days
I must say that thanks to this thread I have incorporated the use of TMA indicator as my first target, before this when I saw a change in HullMA closed my first partial. I am very happy with this !

Thanks, Bernardo.
  • #1,855
  • Apr 10, 2013 9:54am Apr 10, 2013 9:54am
Quoting Favorite
Yes, I know. I didn't mean you, I meant condor666 (of course, if he traded Babon, not his system) and fugio.
Sometimes i've bad feelings and now i've many stress
My name is Martin... Martin Gale
  • #1,856
  • Apr 10, 2013 9:58am Apr 10, 2013 9:58am
Quoting ber_tdf
Favorite, ok... would be much for me to be an idiot two consecutive days I must say that thanks to this thread I have incorporated the use of TMA indicator as my first target, before this when I saw a change in HullMA closed my first partial. I am very happy with this ! Thanks, Bernardo.
Good for you, Bernardo!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,857
  • Apr 10, 2013 10:21am Apr 10, 2013 10:21am
Quoting bfree
I have plenty of small live account on diferent brokers for testing purpose. You dont believe how much can you learm about a broker on live account with him. I do not trade more demos or backtesting. A small tip : dont be afraid to lose sometime, is even healthy to lose some time. This will keep you ... hot for trading ...my opinion bfree
Hi bfree,

You definitely suit this thread with your flexible mind

I see Pepperstone is one of your brokers, just like DNA's. I'll be going live soon and would appreciate your recommendation as to which broker is worth the attention (although I have my own shortlist).

As I don't want to clutter the thread with broker discussion, please feel free to PM me.

Thanks,
Jo
mind over matter
  • #1,858
  • Apr 10, 2013 10:31am Apr 10, 2013 10:31am
Quoting Favorite
fxdivergence, thank you so very much! I really appreciate that! So, guys, thanks to fxdivergence we can see that long before the news we had a classic pattern "TMA M1 beyond TMA M5", so we had to close our long trades, take the profits and wait for a pullback (if you want more details about this pattern, read post #1146). So as you can see Babon was very safe even during such a high-impact news. {image}
Favorite,

Thanks for all of your work here. I hope that I do not interject something to cause problems, but I have been capturing screen shots every minute for about 3 days now so that I can go back and look things over when I have time, especially after they have been discussed here. I was able to pull up the image taken that ended with the start of the long down candle at 8:00 EST. It appears that at the time, TMA M1 was still below TMA M5 and that TMA M1 was not seen to be above TMA M5 until about 8 minutes after the hour. I am attaching the image. (Or at least I am going to try.)

Hope that you can use this to your advantage with your system, and, again, thanks for sharing.
TK
Attached Image (click to enlarge)
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  • #1,859
  • Apr 10, 2013 10:50am Apr 10, 2013 10:50am
Quoting kosmo
Hi bfree, You definitely suit this thread with your flexible mind I see Pepperstone is one of your brokers, just like DNA's. I'll be going live soon and would appreciate your recommendation as to which broker is worth the attention (although I have my own shortlist). As I don't want to clutter the thread with broker discussion, please feel free to PM me. Thanks, Jo
I have a question to all live traders here, who make money consistently and, like DNA, deposit and withdraw regularly, and are happy with their broker(s):

Please PM me with your recommendations if your broker:

a/ is well regulated (segregated client accounts); FSA, ASIC etc.
b/ offers good spreads and execution on MT4 with competitive commissions (ECN preferred)
c/ has cheap and reliable deposit/withdrawal systems
d/ has fast and reliable customer service and back office

Your opinion will be very much appreciated. Thanks in advance!

Jo
mind over matter
  • #1,860
  • Apr 10, 2013 11:02am Apr 10, 2013 11:02am
Hello Favorite,

first thanks for your time in this thread, your explanations about your strategy are patient and detailed.
I'm going through your examples and live charts, but for me it's still unclear how do you define swing H and swing L for you HH HL definition. Some of your examples were a bit confusing.
A swing is defined by babon color change? Or fractal, or just the feeling of the chart?
I my chart I market bigger green swings and small red swings. Which you would use?
According to red swings we are still in downtrend. (I admit last red H is so so)
So in 1M TF everything according your rules. (except a bit sidewise move in 1H TF)

My second question is about SL or leaving this trade. When would you leave this trade, turned opposite direction, in this case? Babon/cloud cross or you would leave it for your 15p SL (lock)?
Attached Image (click to enlarge)
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