- #19,023
- May 10, 2013 10:44am May 10, 2013 10:44am
Thank You very much for your answer Jackub 
in fact i'm not very confident so I prefer trade like a robot 
and, in this goal, i make a list of criterions for my entry signals : tdi cross, candles 1 or 2 i Will be more carefully for other things like stochastic, trend of the TF and the trend of the superior TF 
i Will go back with new results i hope !
in fact i'm not very confident so I prefer trade like a robot and, in this goal, i make a list of criterions for my entry signals : tdi cross, candles 1 or 2 i Will be more carefully for other things like stochastic, trend of the TF and the trend of the superior TF i Will go back with new results i hope !
- #19,027
- May 10, 2013 1:31pm May 10, 2013 1:31pm
- | Joined Nov 2011 | Status: Trader | 1,078 Posts
{quote} Hi, EURAUD H4 trade update the TP2 was hit. This was the most successful week for me so far, total pips for the week: 550 pips. Still on demo. take care, thrax {image} {image}
Thoughts are things
- #19,030
- May 10, 2013 2:23pm May 10, 2013 2:23pm
- Joined Nov 2008 | Status: Trader | 50,253 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #19,031
- May 10, 2013 2:52pm May 10, 2013 2:52pm
- Joined Nov 2008 | Status: Trader | 50,253 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #19,032
- May 10, 2013 2:57pm May 10, 2013 2:57pm
- Joined Nov 2008 | Status: Trader | 50,253 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #19,033
- May 10, 2013 3:01pm May 10, 2013 3:01pm
- Joined Nov 2008 | Status: Trader | 50,253 Posts
{quote} Hi Malcolm, Maybe this text helps you, I know your problem with video watching but Strat's web page has a lot of free stuff, did you read this?? Please find attached some summary of his methodology , hope this help you (or you have this already?) {image} HAve nice weekend Jacek
TMS + PASR ... will be leading edge
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #19,034
- May 10, 2013 3:32pm May 10, 2013 3:32pm
- Joined Nov 2008 | Status: Trader | 50,253 Posts
{quote} Thnanks for the answer. I do know the thread was locked
When I trade 4H, I don't jump in one candle and jump out the next candle.
I believe in the trade steups and the probability. I must give the trade some time to 'cook' or 'breathe'. Give each trade entry opportunity to move 3 to 5 candles. When you dont see it moving by say the 3rd candle after entry, then you need to decide based on price action.
For eevery trade entry, you must also know what would be your exit criteria and also the trade invalidation.
Trade exit for TMS 4H trading is using TDI cross, after a cross and TDI goes flat, it is exit consideration. But having said this, TDI realtime is telling you what is happening based on the current candle and the previous 13 candles.
Trade invaildation usually don't happen on the next candle after your entry candle. It will occur after your trade run and yiou see an opposite setup condition and must be confirmation with PA and TDi cross (opposite direction against you trade entry).
In your trade example above, the 2nd candle was threathening your entry, but it did not close below your entry candle. If that 2nd is s DownThrust bar and close below your entry candle, then you have a reason to exit. But there again, where is the S&R on your H4 and don't forget H1 also becasue that H4 candle looks suspicious when there was a previous UpThrust bar. I would then look at H1 and also M15 to see how that H4 will close then I will decide if I want to jump out so quickly. Than candle could have been at a time when a previous market session closing and price will move back due to profit taking and liquidity flow. That 2nd candle also show you it has a higher high than the previous candle, but we don't see the details unless we are in M15 to see when that HH was made. For this reason, I will do a quick check on M15 to see when the HH was made. If M15 show PA went up then down, that is danger, If M15 PA shows PA went down and ending up '\/' shape, you are quite safe. If M15 PA show prices went up/down/up/down '/\/\' shaped rapidly, there is danger.
Always remember, when we buy GBPUSD, we are buying GBP and selling USD. Traders are doing two things at the same time. For this reason, we must let every trade have some time to breathe. Let it cook.
Hope this is clear on how I manage my trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #19,035
- May 10, 2013 3:44pm May 10, 2013 3:44pm
- Joined Nov 2008 | Status: Trader | 50,253 Posts
{quote} Hi, EURAUD H4 trade update the TP2 was hit. This was the most successful week for me so far, total pips for the week: 550 pips. Still on demo. take care, thrax {image} {image}
H4 PA sarted at Prev W Fib50%, breako high, hit Prev W High, rebounded, then break High again, rebound and found support and went back up to hit Prev W Fib127% .. It has been PA and S&R using Prev D and Prev W Fibo.
There was quite a lot of fibo play this week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #19,036
- May 10, 2013 4:10pm May 10, 2013 4:10pm
- Joined Nov 2008 | Status: Trader | 50,253 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #19,038
- Edited 5:27pm May 10, 2013 5:05pm | Edited 5:27pm
as you guys know... I have an online monitoring TDI tool as my website, today I did some calculation, and I think I have found a new method of trading...
just trade the opposite of TDI signal regardless the trend, PA, anything, and we'll make lot of pips. 450pips+ for the last 2 weeks starting 29/April/2013.
So, if it's a TDI sell signal, just buy and hold until the next TDI buy signal. Then close this current position, and sell. Simple as that...
Just joking, in summary of how to trade TMS H4 and H1 and not losing pips:
just trade the opposite of TDI signal regardless the trend, PA, anything, and we'll make lot of pips. 450pips+ for the last 2 weeks starting 29/April/2013.
So, if it's a TDI sell signal, just buy and hold until the next TDI buy signal. Then close this current position, and sell. Simple as that...
Just joking, in summary of how to trade TMS H4 and H1 and not losing pips:
- As usual rule, just follow daily and weekly trend.
- If weekly and daily is the same, and both are up, only look for long trade.
- If weekly and daily is the same, and both are down, only look for short trade.
- If weekly and daily is opposite, try smaller position with daily trend
- To determine weekly trend, simply by the look at it.
- To determine daily trend, put some trend indicator (MACD, EMA etc.).
- In the mean time, draw the R/S from monthly, weekly and daily chart. Then monitoring these key levels, as the H4 trend may turn. If you're lazy, you can see Emmanuel big picture releases weekly for these levels.
- Fundamental, such as big news, also take important roles in trend continuation/reverse. It's best to just consider these "red" news. Ignore all the others.
- Personally I also take "The third screen strategy" by Dr Elder into consideration. So, in an uptrend, wait for the TDI cross that have the stoch is already in the oversold area to trade. And vice versa. (i.e. an uptrend, and is oversold, hence higher chance to "buy low")
Money is important so we try our best to win, hence need a lot of patience until the right trade turns on. Those who have only 5-6 trades a month may exceed the profits of those who make 10 trades per day.
If you wanna open lot of positions per day, use my method above, just trade opposite every TDI signal then close/repeat when the next signal turns up. This method is proved wrong only when my tool summary turns green 
back... and more dangerous.
- #19,039
- Edited 8:03pm May 10, 2013 6:33pm | Edited 8:03pm
- Joined Nov 2008 | Status: Trader | 50,253 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #19,040
- May 10, 2013 8:05pm May 10, 2013 8:05pm
- Joined Nov 2008 | Status: Trader | 50,253 Posts
{quote} update, my trades reach the target
http://www.forexfactory.com/attachme...1&d=1368122302
A+++ trades. Well done!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett