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  • #17,761
  • Apr 19, 2013 4:09am Apr 19, 2013 4:09am
Great thanks for the help,
I have now ditched everything from my charts,
Can I ask,
If tdi cross and trade looks good, TMS are all green , so I enter trade,
The 20 mins in D1 TMS Osc turns red,
Do I stay in or get out ??? Tdi is still 1 o'clock ......

Nelly
  • #17,762
  • Apr 19, 2013 4:18am Apr 19, 2013 4:18am
Quoting Nellycopter
Great thanks for the help, I have now ditched everything from my charts, Can I ask, If tdi cross and trade looks good, TMS are all green , so I enter trade, The 20 mins in D1 TMS Osc turns red, Do I stay in or get out ??? Tdi is still 1 o'clock ...... Nelly
How could it happen?? D1 change will the last in row to change.. I think ..
JacekPreserve Precious Capital
  • #17,763
  • Apr 19, 2013 4:18am Apr 19, 2013 4:18am
Quoting wizard99
Out for +18 pips....on eur/gbp Still learning to manage emotions when PA turns/stalls. It isnt easy when Ive seen Profitable trades get stopped out at break even, or worse a loss....the terms Fear and greed come to mind....LOL W99
I had that same emotion which you had there... and for me it happens when I am monitoring the chart for a long time...
A long time ago I used to be glued to the charts, watching every tick go by especially when the trade was not in my favour...

One day I challenged myself to place a H4 trade and not come back until 4 hours later, only check the close of that candle.
(I'm not saying we can't check the charts once in a while but I feel that we shouldn't be glued to the charts)

I did the challenge several times and the outcome was pretty game changing for me.

I felt more calm when I returned to the charts, I felt that I could make clearer decisions.
I felt the freedom of not being compelled to check the charts and check only when I want to... I didn't want to be stuck on the computer.
I felt more confident in my entries and the system as I leave the market to decide how the trade will turn out... Something which I cannot control.

Personally that is why I like the H4 charts.

It is fantastic that you know what you need to improve on... i'm positive that you will overcome it with time. Keep that spirit up!
  • #17,764
  • Apr 19, 2013 4:24am Apr 19, 2013 4:24am
Quoting Winner1245
The OSC 3 MTF indicator is repainting, So, be aware while backtesting bcoz evrything looks good but in real time the square can suddenly blink and change color. It better to see the TDI Cross in higher timeframes with our own eyes .
Thanks winner for the notification. I don't really understand what that means (i.e. H4 dot changes color or H1 dot changes color if trading H1?) but don't worry. I've asked Xaphod on his thread about the tool.



Quoting Nellycopter
Great thanks for the help, I have now ditched everything from my charts, Can I ask, If tdi cross and trade looks good, TMS are all green , so I enter trade, The 20 mins in D1 TMS Osc turns red, Do I stay in or get out ??? Tdi is still 1 o'clock ...... Nelly
for ditching everything. I'm wanting to ditch Stoch soon too.

About your question, it depends on which TF you are trading. If you're trading H4, D1 then why cares about 20mins-30mins TDI cross???

Quoting Harlem
One day I challenged myself to place a H4 trade and not come back until 4 hours later, only check the close of that candle.
I recommend this challenge practice to new starters trading H4... It's stressful if keep checking H1 already... cant imagine how people would feel if checking H4 every tick
back... and more dangerous.
  • #17,765
  • Apr 19, 2013 4:25am Apr 19, 2013 4:25am
Quoting Winner1245
The OSC 3 MTF indicator is repainting, So, be aware while backtesting bcoz evrything looks good but in real time the square can suddenly blink and change color. It better to see the TDI Cross in higher timeframes with our own eyes .
Absolutelly agree, this is why live on demo is the best school... and this is why I do prefer clicking betwin time frames, please notice , Snarlyjack said very important thing, he use TMS Osc to turn his attention to certain pair and he lies on TDI completly, he use TMS Osc only to initial selection of the market he is going to trade...
JacekPreserve Precious Capital
  • #17,766
  • Apr 19, 2013 4:33am Apr 19, 2013 4:33am
Quoting Harlem
I had that same emotion which you had there... and for me it happens when I am monitoring the chart for a long time... A long time ago I used to be glued to the charts, watching every tick go by especially when the trade was not in my favour... One day I challenged myself to place a H4 trade and not come back until 4 hours later, only check the close of that candle. (I'm not saying we can't check the charts once in a while but I feel that we shouldn't be glued to the charts) I did the challenge several times and the outcome was pretty game changing...
Love your post! I am still trying...
JacekPreserve Precious Capital
  • #17,767
  • Edited 5:25am Apr 19, 2013 4:53am | Edited 5:25am
Hmm... revrsal ???
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 43 KB


veritical red line shows moment when I had my breakfest Hi!
JacekPreserve Precious Capital
  • #17,768
  • Apr 19, 2013 5:07am Apr 19, 2013 5:07am
Today trade , oh I wish that the days as bright full as today but this is trading

Notes on the chart
Attached Image (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #17,769
  • Apr 19, 2013 6:17am Apr 19, 2013 6:17am
I Sell GBP/USD 1.53500 (TF H1)
You may wait the next candle
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 16 KB
  • #17,770
  • Edited 7:51am Apr 19, 2013 6:54am | Edited 7:51am
Hi Guys,

I am back online...very slowly adjusting to a new time zone, my body clock not agreeing to the daylight and sleeping times.

Anyway, it is good to see so many posts last 2 days and lots of questions, exchanges and discussions. I will join in this fun later.

Snarlyjack made few very impactful posts and guys you better read and listen to what he says. He is a pioneer member coached by eelfranz and now a veteran in TMS .

Trade Well.... NY open in 5 mins.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,771
  • Apr 19, 2013 6:56am Apr 19, 2013 6:56am
Quoting Jackub
Hmm... revrsal ??? {image} veritical red line shows moment when I had my breakfest Hi!
http://www.forexfactory.com/attachme...1&d=1366365196

what comes before a reversal?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,772
  • Apr 19, 2013 7:03am Apr 19, 2013 7:03am
Quoting TheScorpS
Today trade , oh I wish that the days as bright full as today but this is trading Notes on the chart {image}
http://www.forexfactory.com/attachme...1&d=1366366030

TheScorpS,

Very good trade entry I see on your chart. PA break TOK_5H veyy strong and high volume.
That is also Day Inside Bar breakout, if you had noticed yesterday D bar was an inside bar of the previous day.
I am in this trade since yesterday morning Tokyo open. Nice H1 bullish pin-bar entry.

I see 131.00 as today target before London closes.

Manage well but not too close.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,773
  • Apr 19, 2013 7:18am Apr 19, 2013 7:18am
Quoting Winner1245
The OSC 3 MTF indicator is repainting, So, be aware while backtesting bcoz evrything looks good but in real time the square can suddenly blink and change color. It better to see the TDI Cross in higher timeframes with our own eyes .
TMS OSC 3MTF indicator

We are mostly trading 4H timeframe, my advice is drop this 3MTF indicator.
when we trade 4H, what wee need to do is to look at the W chart once at the beginning of the week, and as and wehn you like during the weekday.
On an everday basis, you only need to look at the D chart at the beginning of the day.
Doing these, you will see the W and D PA and the TDI position and its condition.
Once done this, we stalk the market on H4 chart timeframe and look for the TDI cross and the PA.
You can make it easy for yourself wtih only the 5EMA shift+3, APB/HA and the TDI on your charts.
Stoch 8,3,3, is optional unless you are new and need another aid for confirmation of the APB/HA and TDI.

What is more important of for you to develop the skills to read the real price bar/candle OHLC and the APB/HA and interpret the momnetum and strength of each price bar/candle and HA.

The logic here is simply: The less stuff you have on your charts, the easier and quicker every trade decision will be.
All you need is 5 technical reasons why that trade setup is good and of high probability to take the trade entry.
Too many indicators will only make you start questioning yourself and creating more self doubts, waste time, hence late entry or missed entry.

If you have questions, please ask here and I will spend this weekend answering to help everyone here.

Trade Well....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,774
  • Apr 19, 2013 7:31am Apr 19, 2013 7:31am
EJ H1 trade 18 Apr:

here is my chart for this trade taken in H1 timeframe when Tokyo open on 18 April.

note, this trade decision was based on my following EJ for many weeks and this entry was a Fib 38/50 type entry.

the point I want to make here is that we need to follow the currency pair regularly and follow its movements day by day.
this will make trade decision quick and easy when you know exactly what to look for.
you just look and see, then pull the trigger without hesitation and doubting.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 18 Apri H1 trade 19-4-2013 8-24-23 PM.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,775
  • Apr 19, 2013 7:41am Apr 19, 2013 7:41am
Hi emmanuel7788, welcome.
GBP/USD (1H)
The 2nd candle comfirm down, but prices hitting R1
continous trade?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 17 KB
  • #17,776
  • Apr 19, 2013 7:49am Apr 19, 2013 7:49am
Quoting dunggiggs
Hi emmanuel7788, welcome. GBP/USD (1H) The 2nd candle comfirm down, but prices hitting R1 continous trade? {image}
Ok, thanks.
I see that now.
I was thinking if you had a view of H4 anticiptaed that early entry.
PA looks very good now for down move.
Manage well for maximum Rs...

Nice and good trade!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,777
  • Apr 19, 2013 7:55am Apr 19, 2013 7:55am
Quoting emmanuel7788
If you have questions, please ask here and I will spend this weekend answering to help everyone here.
Thanks emmanuel7788.
I also plan to spend this weekend reading some forex books or watching Dean videos... email from compassfx comes everyday but dont have time to watch these new vids

I'll have some questions needing your help. Some are very basic for new starters, some are random for me:

 

  1. Can you please verify if I've missed/or got incorrect info about the TMS entry rule here http://www.forexfactory.com/showthre...89#post6619089 (please ignore all H1 info, we'll talk about H4 only). Is there any info I need to re-think or misunderstood bigE TMS?
  2. What is the real role of Stoch here? Why do newbies need it? e.g. what do we do if the TDI has crossed up but the Stoch is sloping down, or Stoch is in overbought/oversold state?
  3. Same as above, what is the real role of APB candle? What difference does it make in TMS, because we basically enter on TDI cross anyway so why does candle form matter?
  4. Everyone has different H4 chart depending on broker. Based on the 1st page, BigE H4 TF is that a new candle will appear after the first 5hrs of Tokyo (2hrs before London). The rule is that if this candle has the TDI cross, we'll enter.
    What if someone has different H4 candle, and the cross happens to be later/earlier?
    BigE checks for setup every 4hr. So if someone's chart is lagging behind 1hr, I'd imagine it'll have a big affect, especially during London session. 1hr may go wild. (I thought mine was different, but after checking lucky my H4 chart is the same as BigE's, GMT+3)

Thanks alot.

Actually after re-read these questions, I think there is no right or wrong answers. I only want to learn from your experience

back... and more dangerous.
  • #17,778
  • Apr 19, 2013 8:00am Apr 19, 2013 8:00am
Quoting emmanuel7788
Ok, thanks. I see that now. I was thinking if you had a view of H4 anticiptaed that early entry. PA looks very good now for down move. Manage well for maximum Rs... Nice and good trade!
Thank!
DPV is my target
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 17 KB
  • #17,779
  • Apr 19, 2013 8:02am Apr 19, 2013 8:02am
Quoting wizard99
Lets see how this one goes.... {image}
wizard99,

I felt ths trade could have been better taken on H1 when D open this morning your time.
The D chart show 2 days bearsih price bar/candle.
APB/HA D is classic pullback candle and follow with the first APB/HA red candle.That would be HA candle#1. You can already open entry after candle#1 close.
H4 actually look 'ugly' and not easy to find a continutaion entry setup. Therefore under such condition, going down to H1 would be a better idea to find an entry point.

Now back-test and see what I mean and you will shapren your skills to use multi-timeframe analysis and for timing better entries.
This trade may run into next week.

Good Trade anyway and need management.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,780
  • Apr 19, 2013 8:08am Apr 19, 2013 8:08am
Quoting emmanuel7788
TMS OSC 3MTF indicator We are mostly trading 4H timeframe, my advice is drop this 3MTF indicator. when we trade 4H, what wee need to do is to look at the W chart once at the beginning of the week, and as and wehn you like during the weekday. On an everday basis, you only need to look at the D chart at the beginning of the day. Doing these, you will see the W and D PA and the TDI position and its condition. Once done this, we stalk the market on H4 chart timeframe and look for the TDI cross and the PA. You can make it easy for yourself wtih only...
Thank you for your explanations and advice,
I have been following your posts for some time now and I have some questions if you'll kindly answer me.

What are the 5 technical reasons you speak of when entering a trade?

What role does the yellow 5EMA play into this system ? Is it shifted 2 or 3 ?

Thank you in advance.
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