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  • #17,441
  • Apr 12, 2013 4:19am Apr 12, 2013 4:19am
So, entry at the beginning of the second red candle, stop loss on highest swing.
Exit when tdi becomes flat.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 29 KB

  • #17,442
  • Apr 12, 2013 4:22am Apr 12, 2013 4:22am
Quoting Jackub
This signal looks good for me , there is even bearish divergency on Stochastic, it might work
Hello Jackub!

You think that divergence influence trades that are 12 hous apart on H1 timeframe? What is more, There was a new max and min. IMO It only influences the nearing progress.

What do u think? You´ve experienced something else?

regards,
Philip
  • #17,443
  • Apr 12, 2013 4:23am Apr 12, 2013 4:23am
Hey guys, heres a look at the eur.jpy
Attached Image (click to enlarge)
Click to Enlarge Name: apr 12 eur.jpy.h1.png Size: 56 KB

Before, I would've entered short because the TDI and candle gave a signal. But I am going to follow eel rules. Did I make the right choice to not enter? There were a succession of red candles before.

By enter I mean sell a LO (yellow line)
  • #17,444
  • Apr 12, 2013 4:25am Apr 12, 2013 4:25am
EU , GU hit important levels.
Protecting profits and letting my trade run,
  • #17,445
  • Apr 12, 2013 4:27am Apr 12, 2013 4:27am
Quoting Winner1245
EU , GU hit important levels. Protecting profits and letting my trade run,
Hi winner1245, what do you mean that EU and GU hit important level ? any strong support ?
  • #17,446
  • Apr 12, 2013 4:29am Apr 12, 2013 4:29am
Quoting tenmilewalk
Hey guys, heres a look at the eur.jpy{image} Before, I would've entered short because the TDI and candle gave a signal. But I am going to follow eel rules. Did I make the right choice to not enter? There were a succession of red candles before.
is that part of your trading plan???
NOt to take the cross before LO, if yes then its gr8 you are sticking to your plan.
I entered it at 129.42 on the 4Hr basis.
  • #17,447
  • Apr 12, 2013 4:29am Apr 12, 2013 4:29am
Quoting raster
Hi winner1245, what do you mean that EU and GU hit important level ? any strong support ?
Pivot pts..Id say
  • #17,448
  • Apr 12, 2013 4:33am Apr 12, 2013 4:33am
here my trade for today 73 % short
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 34 KB
  • #17,449
  • Apr 12, 2013 4:34am Apr 12, 2013 4:34am
Quoting raster
Hi winner1245, what do you mean that EU and GU hit important level ? any strong support ?
Some would say minor support.
1.3038 for EU and 1.5345 for GU.
  • #17,450
  • Apr 12, 2013 4:35am Apr 12, 2013 4:35am
Quoting vody105
Pivot pts..Id say
ah yess that too
  • #17,451
  • Apr 12, 2013 4:38am Apr 12, 2013 4:38am
Quoting Winner1245
is that part of your trading plan??? NOt to take the cross before LO, if yes then its gr8 you are sticking to your plan. I entered it at 129.42 on the 4Hr basis.
I think BigE did his trades 2 hourse before LO opens
  • #17,452
  • Apr 12, 2013 4:38am Apr 12, 2013 4:38am
Quoting redfan
here my trade for today 73 % short {image}
could you please send me th eprobability meter? Id like to test it.

Thank you
my email: [email protected]
  • #17,453
  • Apr 12, 2013 4:42am Apr 12, 2013 4:42am
Hello winner,

You are right. Before I was using Xman S3. The premise was not trading before LO (trading 1 hour after the open). But I have been following that rule even as I was using TMS. But TMS states no such rule. I was simply following instructions incorrectly. Even though this would have beena profitable trade if I took it, according to tms rules, it would not be a correct entry because there were more than 3 same colored bars behind it. It is very important to know whether I missed this profitable trade because of the nature of the markets or I missed this trade because I was not following the rules correctly.

Any advice appreciated

P.S.
hey guys, Please dont mistake this as sour grapes. I am really not posting this because I missed a 100pip trade. I need to find out if my decision to not enter was correct. If I made a profitable trade but turns out the premises were incorrect, I would be upset(to an extent).
  • #17,454
  • Apr 12, 2013 4:45am Apr 12, 2013 4:45am
Quoting redfan
here my trade for today 73 % short {image}
You have a strong support in area 1.3040: yesterday low + previous week high. Today is last trading day of the week, on daily it looks like a reversal pattern (as it is now) even yesterday closed with a bullish outside bar. This shows me indecision...
  • #17,455
  • Edited 5:01am Apr 12, 2013 4:47am | Edited 5:01am
Quoting vody105
Hello Jackub! You think that divergence influence trades that are 12 hous apart on H1 timeframe? What is more, There was a new max and min. IMO It only influences the nearing progress. What do u think? You´ve experienced something else? regards, Philip
Hi Philip,
No, I do not have a lot of experience with divergency, I do not have a lot experience with trading also as I am feeling as newbie all the time. I just noticed there is divergency. I know divergency as alone factor is not worth a lot, as other factors when they stand alone, here I noticed also bearish divergency on H4, which looks better.
I am posting my thoughts and point of view to get also some comments (like yours for instance ), if my way of thinkig is good or not, looking for new inputs...
JacekPreserve Precious Capital
  • #17,456
  • Apr 12, 2013 4:57am Apr 12, 2013 4:57am
Quoting vody105
could you please send me th eprobability meter? Id like to test it. Thank you my email: [email protected]
http://www.forexfactory.com/attachme...hmentid=692620
  • #17,457
  • Apr 12, 2013 4:59am Apr 12, 2013 4:59am
Quoting emmanuel7788
EU 12 April TOK_5H breakout trade: Here is my trade taken ealrier took TP1 +20pips and BE trade for TP2. be prepared for reversal back UP... CONTINUATION trade. {image}
http://www.forexfactory.com/attachme...1&d=1365750802

Trade closed:
TP1 +20pips 0.5%
TP3 +60pips 1.5%
Total 80pips 2.0% profit
initial Risk 1% small SL R -20pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 12 Apri TOK_5H BO trade closed 12-4-2013 5-46-55 PM.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,458
  • Apr 12, 2013 5:02am Apr 12, 2013 5:02am
Quoting cristiansan
You have a strong support in area 1.3040: yesterday low + previous week high. Today is last trading day of the week, on daily it looks like a reversal pattern (as it is now) even yesterday closed with a bullish outside bar. This shows me indecision...
when the TDI turn i am out. but still in proit so i in
  • #17,459
  • Apr 12, 2013 5:09am Apr 12, 2013 5:09am
Quoting Pervis
Hello Emmanuel, I'm already in trade, enter after break out TOK 5H box.. I'm still confuse, can you show me what is the main reason you decide to take in trade too soon? Thanks you, {image}
http://www.forexfactory.com/attachme...1&d=1365754408

on your chart is Prev W 127% ... remember what I said often about this fib127%

I also see H4 double inside bar potential breakout but direction not clear...
H1 was also a inside bar

switch your chart to see the Japanese Candlesticks and you will see the reason why I jump in at that opening candle.

in any case, when trading the TOK_5H breakout, it can go either way, so with a small initial Sl if the first breakout fails, then I lose 20pips and take the reverse trade and recover my loss.

Remember, I use japanese candlestick for my trade entries and manage using the APB/HA.

Using candlestick entry, I am ahead of TMS candle#2 and TDI cross....

Hope this is clear explanation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,460
  • Apr 12, 2013 5:20am Apr 12, 2013 5:20am
Quoting tenmilewalk
Hello winner, You are right. Before I was using Xman S3. The premise was not trading before LO (trading 1 hour after the open). But I have been following that rule even as I was using TMS. But TMS states no such rule. I was simply following instructions incorrectly. Even though this would have beena profitable trade if I took it, according to tms rules, it would not be a correct entry because there were more than 3 same colored bars behind it. It is very important to know whether I missed this profitable trade because of the nature of the markets...
warning: I rarely post long post, but when I do, it's really long.

Winner was right saying you stick to your trading plan, as it's the rule to be a good trader. However you should be more flexible in trading, or maybe you can improve your trading plan. TMS tells us that we should enter at the cross, but it doesn't insist us not to enter if there is no cross.

Technically speaking, the nature of the TDI cross is to help people to catch the trend reverses, or to catch new trend so we can buy low/sell high. As in your example, it may have crossed up and that's where the TMS system helps you to buy low.

However it didn't. So you shouldn't count that short as a missed trade. You should ignore it, as it's not in TMS system, and you can happily say you did the right things in TMS trading plan.

However other people here are getting more experience, so they have another plan called TMS-PA trading plan, which combines TMS and PA. So they do not only enter at the cross of the TMS, but also enter at the signal of PA. (i.e. there were previous ranging candles, which indicate the market was indecision. A breakout means market has made its decision, so we just follow.)

XMan S1 said not to trade before the LO, because there are usually fake signals, or quick reverse that new starters will not be able to follow. When you have mastered PA, you can enter before the LO, or before the TDI cross etc. It's not just saying, most people here can do that.

Emmanuel has a nice thing called Tokyo 5H breakout, so I've made a trading plan like this:

  1. go long/short after Tokyo 5H breakout
  2. then when at LO we watch PA, if it's reversed, we exit, at worst: BE. then use XMan S1. If it's not reversed, then we're already in Xman S1.


However I havent tested this trading plan yet, because I'm still at work until 1-2hr after LO.
I usually think PA is like, 1 candle lag. TDI is 2 candle lag. And sometimes I went crazy and even think of removing the red line, only trade the green line & PA.. but... yes the red line helps much to indicate the trend...

back... and more dangerous.
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