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Trading Made Simple

  • #17,821
  • Apr 21, 2013 5:36am Apr 21, 2013 5:36am
Quoting TheScorpS
Oh Formula 1 in my country today
TheScorps and Jackup Viva Vettel
  • #17,822
  • Apr 21, 2013 7:17am Apr 21, 2013 7:17am
Quoting kbp
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: 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...
Hi kbp,

here is my reply to your post above.
It is in pdf as I have problem to type long in ff reply and half-way through typing I get kick out due to connection problems.
BTW, I am not sure the broker server time Big E uses, but I think its is GMT00 if he trades with IBFX US.

Hope I have answered everything clearly, if not, ask me again.

Regards,
Attached File(s)
File Type: pdf kbp post 17780 reply.pdf   229 KB | 6,682 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,823
  • Apr 21, 2013 7:19am Apr 21, 2013 7:19am
Quoting Jackub

F1 ...
hey, who is holding pole today race?
I have no TV .... here
sorry it is off topic from normal trading talk...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,824
  • Apr 21, 2013 7:26am Apr 21, 2013 7:26am
Quoting Phx62
pinix, Lots of price action on Wednesday...I entered trade 1 at LO and a cross of the TDI but it missed the 50 pip TP by 10 pips.....I let it pull back hoping it would pull back up and break the resistance area. Instead it was a fake out candle that ended with a BE trade. Trade 2.....re-entered on a pullback because of the consolidation at 129.70....price could not break that area after 5 hours of testing it and TDI was still pointed down and crossing the MBL....entered with a 100 TP, which was hit. Trade 3.....price retraced back to the fib 50...
http://www.forexfactory.com/attachme...1&d=1366502194

Hi Phx62,
So good to see you here again after very long time.

Just a qeustion on your chart above, the profit in pips label +100, +50...are these drawn by the THV CaveManager?
I am trying to code my script to show all my trades in pips profits the way like in your chart above.

Thanks.
Regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,825
  • Apr 21, 2013 7:27am Apr 21, 2013 7:27am
Quoting Nellycopter
Thanks for the reply, Yes I do follow, so far. I was going to post chart, but didnt want to ask how to do this, I have been trying to find a post that explains how without success... Can anyone please point me in the right direction ??? Nelly
Nelly,

do you mean you do not know how to post and attach chart here?

Let me know, please.

regards
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,826
  • Apr 21, 2013 8:02am Apr 21, 2013 8:02am
Thanks Emmanuel,

I have received a PM with instructions so I am going to have a go,
Please do excuse me if it doesn't work first time......

I see in the past it has took people a few attempts

Nelly
  • #17,827
  • Apr 21, 2013 8:05am Apr 21, 2013 8:05am
Quoting Nellycopter
Thanks Emmanuel, I have received a PM with instructions so I am going to have a go, Please do excuse me if it doesn't work first time...... I see in the past it has took people a few attempts Nelly
okie dokie.
thats great with many good people around us.

I am happy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,828
  • Apr 21, 2013 8:10am Apr 21, 2013 8:10am
just a test chart.....
  • #17,829
  • Apr 21, 2013 8:11am Apr 21, 2013 8:11am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 45 KB
try again.... sorry
  • #17,830
  • Apr 21, 2013 8:14am Apr 21, 2013 8:14am
Quoting emmanuel7788
Hi kbp, here is my reply to your post above. It is in pdf as I have problem to type long in ff reply and half-way through typing I get kick out due to connection problems. BTW, I am not sure the broker server time Big E uses, but I think its is GMT00 if he trades with IBFX US. Hope I have answered everything clearly, if not, ask me again. Regards, {image}
Thanks Emmanuel7788 for your time answering my questions No question at all.

These are the 2 noticeable points:

Quote
I put more weight on the price high-low and the close price because I want to differentiate if the price bar has momentum for entry and it will push my trade entry quickly for me to move my trade protection to either to reduce my risk or put my trade to breakeven BE.

I usually do not enter at the H4 candle open. If I see a larger than usual H4 candle, I wait for a small retracement to Fib-r38/50 to get a bettr entry price. I don’t like to chase after price and that is why I switch down to lower TF H1/M15 and look for a better entry price....

There are prob some lost it profits if enter on H4 candle/close especially when everyone has different H4 candles. I think the use of H1/M15 entry for H4 will solve the H4 server time shift between brokers.

About BigE broker. BigE mentioned his broker has new H4 candle at 10pm Pacific. Brokers usually reset server time with daylight saving. So prob it's GMT-7. I set GMT-7 http://www.forexmarkethours.com/markethours.php to this and found out 22.00 is 2hrs before London session
back... and more dangerous.
  • #17,831
  • Apr 21, 2013 8:28am Apr 21, 2013 8:28am
Quoting Nellycopter
{image}try again.... sorry
http://www.forexfactory.com/attachme...1&d=1366549860

very nice coloured chart.

I like the volume shown on your price chart. Someday, I will show you all how to pick a nice candle for entry using that volume thingy.

thanks Nelly.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,832
  • Apr 21, 2013 8:41am Apr 21, 2013 8:41am
I'm on with cleaning my charts up today,
Getting rid of things like them lights in the top right corner, don't even know what they were for or where they came from.

What is confusing is as this thread continues to grow page by page over time,
As a newbie which bitz do you take in ? I suppose with all forums, there are two side to every post....

So stocastic s on or off ??? 8-3-3 or 20-3-5 ??? (Have to say the latter indicates better with tdi.) if it is just to confirm
Hst thing at the bottom of my screen ??
Weekly pivots (set to fib) does seem to work, but is that clouding my judgment ???

I see people post charts, one minute they have indicators, the next chart they have all gone or new ones are showing ..

Is there an easy way to turn them off ?? And then back on again without deleting ???

I am using the trade manager and have trailing stop loss set to 10 after 30 pips, which does work for me but I do end up missing out on bigger moves, when I increase the numbers, it just seems to climb and then fall back,
So at least I get a few pips....

I think I'm on the right track, and thanks to you all for helping people like me who are just starting out with forex.

trading Made simple .......... Made complicated by newbies like me...

Nelly
  • #17,833
  • Apr 21, 2013 9:06am Apr 21, 2013 9:06am
Quoting Nellycopter
I'm on with cleaning my charts up today, Getting rid of things like them lights in the top right corner, don't even know what they were for or where they came from. What is confusing is as this thread continues to grow page by page over time, As a newbie which bitz do you take in ? I suppose with all forums, there are two side to every post.... So stocastic s on or off ??? 8-3-3 or 20-3-5 ??? (Have to say the latter indicates better with tdi.) if it is just to confirm Hst thing at the bottom of my screen ?? Weekly pivots (set to fib) does seem to...
see what I mean with the volume histogram on your price chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Nelly first chart posted.png Size: 105 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,834
  • Apr 21, 2013 9:21am Apr 21, 2013 9:21am
Quoting emmanuel7788
F1 ... hey, who is holding pole today race? I have no TV .... here sorry it is off topic from normal trading talk...
Pole position took Rosberg, but race won Vettel...
JacekPreserve Precious Capital
  • #17,835
  • Apr 21, 2013 9:43am Apr 21, 2013 9:43am
Quoting Jackub
Pole position took Rosberg, but race won Vettel...
thanks mate.
I had wish Alonso would win this one...
anyway Vettel win also good for me.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,836
  • Apr 21, 2013 9:58am Apr 21, 2013 9:58am
emmanuel,

like i say, as time goes on in the thread people tweak bitz as if they are updates,
i have read a few times in recent years posts that change stocs to 20-3-5 -
as again in a later post no. 17806 by ozforex.
and even quite a few posts saying ditch the stocs, completely

mind boggling....
  • #17,837
  • Apr 21, 2013 1:55pm Apr 21, 2013 1:55pm
Quoting Nellycopter
emmanuel, like i say, as time goes on in the thread people tweak bitz as if they are updates, i have read a few times in recent years posts that change stocs to 20-3-5 - as again in a later post no. 17806 by ozforex. and even quite a few posts saying ditch the stocs, completely mind boggling....
Nelly,

I never got the Stochs to do anything but confirm the TDI, and PA really does that anyway. All of the additional windows were only adding noise, and no value - just more things to look at and confuse the decision making process, so my charts are set up with EMAs and Fractals and that does it for me. I used to draw in the supply/demand zones, so the indicator runs well - sometimes gets a bit too noisy on ranging charts, so I'll occasionally nuke it!
Attached Image (click to enlarge)
Click to Enlarge Name: default chart.gif Size: 36 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #17,838
  • Apr 21, 2013 1:57pm Apr 21, 2013 1:57pm
Quoting emmanuel7788
{image} Hi Phx62, So good to see you here again after very long time. Just a qeustion on your chart above, the profit in pips label +100, +50...are these drawn by the THV CaveManager? I am trying to code my script to show all my trades in pips profits the way like in your chart above. Thanks. Regards, EMMANUEL
Emmanuel,
No, unfortunately the CaveManager does not do any of this. I have to drag and drop the completed trades on the chart from the Account History tab in the Terminal.....that places the arrows on the chart. I then manually add the number of pips using the text module and add the verticle line for TDI reference. I then take a picture of every chart, save it by date and pair and place it in a journal so that I can study and review each trade for anything I could have done better or improve my performance.
Regards,
Phx62
  • #17,839
  • Apr 21, 2013 2:01pm Apr 21, 2013 2:01pm
PHx62 and Emmanuel How many pips u use from Entry to Stop Loss , Now Now Eu gone up to 1.30744 , On our chart say 1.30539. I tried it on order now and will not work ,Only at 23h00 its open here in South Africa, Pity
  • #17,840
  • Apr 21, 2013 5:25pm Apr 21, 2013 5:25pm
Quoting Nellycopter
emmanuel, like i say, as time goes on in the thread people tweak bitz as if they are updates, i have read a few times in recent years posts that change stocs to 20-3-5 - as again in a later post no. 17806 by ozforex. and even quite a few posts saying ditch the stocs, completely mind boggling....
Hi Nellycopter,

The Stock is only a confirmation for the TDI cross nothing else. It works better for me to have that on the chart with 20,3,5 as both crosses will happen almost the same time. However, if you use8,3,3 parameter, you may not get the early entery and loss at least 10 to 15 pips before you enter a trade. Ultimately, the decision is yours as what to use on your chart but by having stoch beside TDI, you can have a clean confirmation on your entry, that's all.
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