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  • #20,301
  • Jun 6, 2013 4:53am Jun 6, 2013 4:53am
Quoting gigicualex
Could this be a good long entry on audusd 4h chart? I see a hammer, tdi cross, stoch in oversold area. The bad thing is that we are in a downtrend and this could be a trade against trend. Any advice? {image}
As they say, counter trending is dangerous game
I also get confused. I get a lot of contradictions btw D1 and H4 one going up, the other down....so I wonder...should i take it or should I wait until one is flat ?
following your example":
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  • #20,302
  • Jun 6, 2013 6:44am Jun 6, 2013 6:44am
Quoting gigicualex
Could this be a good long entry on audusd 4h chart? I see a hammer, tdi cross, stoch in oversold area. The bad thing is that we are in a downtrend and this could be a trade against trend. Any advice? {image}
prev-day low 0.95097 is res now. so you have to wait for it to break it
Attached Image (click to enlarge)
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  • #20,303
  • Jun 6, 2013 10:58am Jun 6, 2013 10:58am
With the Non-Farm payroll release coming tomorrow, I am done for the week. I traded the AU H1 pair this week with good results. The pair began a downtrend on Tuesday, so most of the trades were short. Entries made based on PA, double tops or bottoms and pullback candle reversals (marked on the charts) with TDI confirmation. I did trade some of the Asian sessions because the AU had some volatility this week (ADR 140). I have also been experimenting with scalping the AU on the M15 chart on a demo account this week, with mixed results.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.6.6 au h1 week.png Size: 78 KB
  • #20,304
  • Jun 6, 2013 11:17am Jun 6, 2013 11:17am
Quoting Phx62
With the Non-Farm payroll release coming tomorrow, I am done for the week. I traded the AU H1 pair this week with good results. The pair began a downtrend on Tuesday, so most of the trades were short. Entries made based on PA, double tops or bottoms and pullback candle reversals (marked on the charts) with TDI confirmation. I did trade some of the Asian sessions because the AU had some volatility this week (ADR 140). I have also been experimenting with scalping the AU on the M15 chart on a demo account this week, with mixed results. {image}
Yes Phx62, with hard working I might just reach somewhere where I feel more confident and relaxed entering and exiting the trades, but still work in progress, thank you so much for posting your trades for the week, I wish there are more 1H posters into this thread, sometime I feel lonely most of the members post trades using the 4H chart, hope more of you guys who use the 1H time frame if possible posts you trades, we can learn from each other

Thank You
I Have Learned to Take Some Losses to Make Profits
  • #20,305
  • Jun 6, 2013 11:39am Jun 6, 2013 11:39am
Hey guys,
Here a trade i took on 04.06.2013. The TDI Line bounced away (=Bouncing Trade) and Stoch confirmed. But as a newbie i got stopped out.
What was the mistake ? Let me guess: counter trend ? But the signal was good, wasn´t it ? I attached a picture.
Unfortunately i was stopped out with -25 % of my position size.

Best regards,
FX94
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-admiral-markets-as.png Size: 35 KB
  • #20,306
  • Jun 6, 2013 12:44pm Jun 6, 2013 12:44pm
Quoting Fx94
Hey guys, Here a trade i took on 04.06.2013. The TDI Line bounced away (=Bouncing Trade) and Stoch confirmed. But as a newbie i got stopped out. What was the mistake ? Let me guess: counter trend ? But the signal was good, wasn´t it ? I attached a picture. Unfortunately i was stopped out with -25 % of my position size. Best regards, FX94 {image}
FX94, Do you risk 25 % of your account, or how must I read your remark ? That's not very wise. Most traders do not risk more than 2-3% of their account. Second As I see on your chart the price is ranging, very small bodies and longer wicks. You can also see that at the TDI its going flat. So the market doesn't know what to do. The real cross was a few candle's ago but that one was not a good one. Als the bounce is not a real bounce. Morely TDI begins to fall but because there is so much undecision in the market it's not very reliable. I would not have taken this one. It's also against the daily trend wich was (is) clearly upwards. Be patient, almost every day there better setups.
  • #20,307
  • Jun 6, 2013 12:48pm Jun 6, 2013 12:48pm
Hi Everybody,

Does any body know why we don't read anything of our great teacher Emmanuel? I miss his clear statements and good support.
  • #20,308
  • Jun 6, 2013 1:01pm Jun 6, 2013 1:01pm
Quoting Fx94
Hey guys, Here a trade i took on 04.06.2013. The TDI Line bounced away (=Bouncing Trade) and Stoch confirmed. But as a newbie i got stopped out. What was the mistake ? Let me guess: counter trend ? But the signal was good, wasn´t it ? I attached a picture. Unfortunately i was stopped out with -25 % of my position size. Best regards, FX94 {image}
Hi mate,
This what you call bounce in fact is not a bounce is ranging market, structure we rather trying to avoid in TMS trading ...
Attached Image


right bounce and right cross you can see here red arrow is cross, green arrow is bounce....
Attached Image


Read, please first pages of the thread, where is stated exact meaning of TDI cross..
JacekPreserve Precious Capital
  • #20,309
  • Jun 6, 2013 1:03pm Jun 6, 2013 1:03pm
Quoting Phx62
With the Non-Farm payroll release coming tomorrow, I am done for the week. I traded the AU H1 pair this week with good results. The pair began a downtrend on Tuesday, so most of the trades were short. Entries made based on PA, double tops or bottoms and pullback candle reversals (marked on the charts) with TDI confirmation. I did trade some of the Asian sessions because the AU had some volatility this week (ADR 140). I have also been experimenting with scalping the AU on the M15 chart on a demo account this week, with mixed results. {image}

Glad to see you back Phx. Always happy to read your posts.
Thanks,
G.
  • #20,310
  • Jun 6, 2013 1:16pm Jun 6, 2013 1:16pm
Quoting Pipsmurfer
Hi Everybody, Does any body know why we don't read anything of our great teacher Emmanuel? I miss his clear statements and good support.

WAITING FOR HIM WHERE ARE YOU TEACHER HOPE THAT EVERY THING IS OK
  • #20,311
  • Jun 6, 2013 1:17pm Jun 6, 2013 1:17pm
Quoting Phx62
With the Non-Farm payroll release coming tomorrow, I am done for the week. I traded the AU H1 pair this week with good results. The pair began a downtrend on Tuesday, so most of the trades were short. Entries made based on PA, double tops or bottoms and pullback candle reversals (marked on the charts) with TDI confirmation. I did trade some of the Asian sessions because the AU had some volatility this week (ADR 140). I have also been experimenting with scalping the AU on the M15 chart on a demo account this week, with mixed results. {image}

Phx62 how does volatility indicator influence your trading ? Do you trade only the pair with the highest ADR ?
  • #20,312
  • Jun 6, 2013 1:21pm Jun 6, 2013 1:21pm
Quoting phx62
with the non-farm payroll release coming tomorrow, i am done for the week. I traded the au h1 pair this week with good results. The pair began a downtrend on tuesday, so most of the trades were short. Entries made based on pa, double tops or bottoms and pullback candle reversals (marked on the charts) with tdi confirmation. I did trade some of the asian sessions because the au had some volatility this week (adr 140). I have also been experimenting with scalping the au on the m15 chart on a demo account this week, with mixed results. {image}


welcome back maestro phx62
you are a maestro because i am using too 15+5 min to scalp but guided by 1hr+4hr this is the base


please could you please share your set for trading manger expert or cave manager

thanks bro
  • #20,313
  • Jun 6, 2013 3:22pm Jun 6, 2013 3:22pm
Quoting gigitranza
{quote} Phx62 how does volatility indicator influence your trading ? Do you trade only the pair with the highest ADR ?
I look at a number of factors when determining which pair to trade including the ADR. To support the type of trades I make with 50 pip TP, the pair must have a recent ADR above 110 or 120 and the Asian session must do at least 40 of those pips. I also consider whether a pair is trending or showing signs of a reversal on higher time frames, whether there are lots of APB candles with wicks on one end only or are there wicks on both ends, what news may be scheduled, how much support or resistance are close to the current price and a few other things......hope this helps.
  • #20,314
  • Jun 6, 2013 3:31pm Jun 6, 2013 3:31pm
Quoting Amirsaid
{quote} welcome back maestro phx62 you are a maestro because i am using too 15+5 min to scalp but guided by 1hr+4hr this is the base please could you please share your set for trading manger expert or cave manager thanks bro
I only use a couple of the options on the CaveManager EA......I use it to set my initial 50 pip TP and 50 pip emergency SL when I enter a trade.....I usually also set the No Loss after Pips to 21 when I am not going to be able to monitor the trade once it gets to the 21 pips.....and occasionally I will use the Trail By Candle on the H1 to trail behind candle HL by 5 pips and that is set to activate after 16 pips. I have tested other uses offered but have not found most of them to my liking.
  • #20,315
  • Edited 3:41pm Jun 6, 2013 3:38pm | Edited 3:41pm
Hi all!
I am still preparing my weekly Journal: my first week using TMS on a real account...
As I made some... let's say I learned a lot and I would like to share this knowledge with you by giving you a picture.
Your task now is to find the error in the picture...

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Concerning my account: this week I made 11 trades and I am currently at -4% for this week. The reason why I am so happy with that -4% .... I will tell you later...

Cheers Bernhard
  • #20,316
  • Jun 6, 2013 4:58pm Jun 6, 2013 4:58pm
Took this trade today, TP hit for 132 pips
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  • #20,317
  • Jun 6, 2013 9:56pm Jun 6, 2013 9:56pm
just did a backtest on july last year.
16 trades, 11 winner 68% win rate
total profit/loss = +394

looks like i need more practise...
Daniel
  • #20,318
  • Jun 7, 2013 12:01am Jun 7, 2013 12:01am
So i have a question for everyone. below is the 1h and 15min chart of EJ

as you can see EJ move down really fast in Asian session not too long ago. and then we see the pullback bar on the 15 min chart, and soon we will see it on 1h chart assuming the close of 15 min chart is still 127.70

my question is, will you go on long trade? how risky will it be? and reasoning

btw, any answer is appreciated..please don't lurk around the forum and does nothing
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej 15 q.gif Size: 47 KB
Click to Enlarge Name: ej 1h q.gif Size: 57 KB
Daniel
  • #20,319
  • Jun 7, 2013 1:28am Jun 7, 2013 1:28am
Quoting Greenb
So i have a question for everyone. below is the 1h and 15min chart of EJ as you can see EJ move down really fast in Asian session not too long ago. and then we see the pullback bar on the 15 min chart, and soon we will see it on 1h chart assuming the close of 15 min chart is still 127.70 my question is, will you go on long trade? how risky will it be? and reasoning btw, any answer is appreciated..please don't lurk around the forum and does nothing {image} {image}
counter trend is not my friend!
  • #20,320
  • Jun 7, 2013 2:37am Jun 7, 2013 2:37am
Quoting Greenb
just did a backtest on july last year. 16 trades, 11 winner 68% win rate total profit/loss = +394 looks like i need more practise...
which time frame ?! i guess 1H , cuz its kinda alot for 4H bt still do u knw 68% is good , u knw u can wish that trading stocks and options
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