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  • #21,341
  • Jul 3, 2013 1:07pm Jul 3, 2013 1:07pm

Can any one tell me y the moving Averages is not the same?

One is alpari and the other is on IBFX both 4 hours charts.
both set to 5 one is high and the other is low.
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  • #21,342
  • Jul 3, 2013 1:08pm Jul 3, 2013 1:08pm
Quoting Fx94
Hey Phx62, Do you draw the lines for the high / low of each period manually or do you use an indicator or a script ? If so, could you please post it here for me ? @all: Is it a good idea to go long in Eur / USD now ? No news and a strong signal at H1 ? Best regards, FX94
I draw the monthly and weekly high/low by hand.....there are a couple of H4 and daily indicators posted.....look in the paperclip at the top of the thread......
  • #21,343
  • Jul 3, 2013 1:14pm Jul 3, 2013 1:14pm
Two more trades today.....overtrading? Probably but price action was talking to me, so I took the trades. Both trades taken on price action without TDI confirmation.
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  • #21,344
  • Jul 3, 2013 1:25pm Jul 3, 2013 1:25pm
Quoting Phx62
Two more trades today.....overtrading? Probably but price action was talking to me, so I took the trades. Both trades taken on price action without TDI confirmation. {image}


Hi phx62 you are ........ idon't find the correct words

a last question before i go to home
the entry Short at 129,32 pure price action was made on a lower tf ? i see a tf15 a pattern for entry is was correct???

(on a tf 60 i don't see nothing for re enter short :-( sigh sigh I see only a big red candle close above 200 ema and an inside with a low near the previous )


thanks and good night
  • #21,345
  • Jul 3, 2013 1:34pm Jul 3, 2013 1:34pm
Quoting Phx62
Two more trades today.....overtrading? Probably but price action was talking to me, so I took the trades. Both trades taken on price action without TDI confirmation. {image}
Your broker must hate you so much Phx62 . Just kidding though,congrats on those trade. And your long trade,let me guess a little bit. After the pull back candle at NY open and there was a TDI cross but you wait 2 hours after to take a trade because you were waiting for the US news to be announced and then take the trade after the fourth blue candle broke above the high of the previous candle,am I right? Do you have any reason other than that to take that trade?

Reading your posts and watching your charts really inspire me to moving forward. Hope that I will get there someday.
  • #21,346
  • Edited 2:40pm Jul 3, 2013 1:56pm | Edited 2:40pm
Hi,

lately I had no time to trade, but this week I managed to watch the markets.

Three trades for me for this week:
1. AUDUSD H4

Price below TTF and HTF trend lines, bearish TDI cross in the range of 32 and 68, HA candle bearish so I entered short. My TP was just above the last swing low which was hit.

2-3. EURAUD H4

Price above TTF and HTF trend lines, bullish TDI cross in the range of 32 and 68, HA candle bullish so I entered long. My TP was just above the last swing low at 1.43000.
A bullish TDI cross happened again and all other criteria were met, so I entered long again, with TP set in the range of last week highs. TP was hit.

Perhaps I oversimplify trading and my TPs are very conservative but this i what works for me.

take care,
thrax
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  • #21,347
  • Jul 3, 2013 1:58pm Jul 3, 2013 1:58pm
Quoting Phx62
Two more trades today.....overtrading? Probably but price action was talking to me, so I took the trades. Both trades taken on price action without TDI confirmation. {image}

Thanks for your response. I will search for it here. But can you please explain me how you find the "real moment" to get into the trade ?
And my second thing i don´t understand are your reasons to get out of the trade. You closed the first trade nearly the low of the candle. This was brilliant, but what is the signal. You wrote to me, that i have to understand the PA, but how can i learn this. Does somebody habe educational material for this ?

Do you use your ATR indicator for your trades ?

regards,
FX94
  • #21,348
  • Jul 3, 2013 4:32pm Jul 3, 2013 4:32pm
Quoting redfan
Can any one tell me y the moving Averages is not the same?One is alpari and the other is on IBFX both 4 hours charts. both set to 5 one is high and the other is low. {image} {image}
redfan,

very obvious looking at your IBFX chart , you had set the 5SMMA PAC wrong with the shift in the MAs.

your Alpari PAC looks to be the correctly setup.

But you should know that IBFX and Alpari do not use the same sever time for their data. IBFX is GMT+0 and Alpari is GMT+3. So their H4 candles are different.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,349
  • Jul 3, 2013 4:47pm Jul 3, 2013 4:47pm
Quoting Fx94
A little bit scalped today. In my opinion the TMS System works better with brokers, which use the GMT time as their server time. Do you know how to change the H4 bars in MT 4 for the GMT time like IBFX uses it ? A good trading friend suggested this one to me: http://www.forexfactory.com/showthread.php?t=206301 Before entering a position, i check the lower time frames: H4 --> H1 --> M30 --> M15 --> M5 --> M1. I trie to enter a position after a retracement. Is this the right way to handle this`? Do we have to use the ATR indicator to improve...
Fx94,

TMS works well when the method is applied consistently throughout no matter what the data server time is. The difference in H4 price bar/candles have been disccussed in many forums and there is not right or wrong answer to that. It is a matter of the traders' preference and how he adapt to the charts.

read this link:
http://www.forex4noobs.com/forex-blo...erent-to-mine/

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,350
  • Jul 3, 2013 5:05pm Jul 3, 2013 5:05pm
Hi Emmanuel,

Isn't it too early over there?
Failure, is a wonderful teacher!
  • #21,351
  • Jul 3, 2013 5:12pm Jul 3, 2013 5:12pm
Quoting Fx94
... Before entering a position, i check the lower time frames: H4 --> H1 --> M30 --> M15 --> M5 --> M1. I trie to enter a position after a retracement. ..... regards, FX94 {image}
Fx94,

Mutli Time Frame Analysis (MTFA) approach to trading has been arpund for very long time.
read this liink:
http://www.investopedia.com/articles...-timeframe.asp

When trading TMS method, we do not go down to the lower TF like M30 or M5 and especially not M1 unless we want to raise our blood pressure and get stressed.

Trading 4H , I use H1 and M15 for better timed entry on retracements of the Primary Trend. see pic.
The ratio of TF up and down is best kept to 4 to1 .. H4 to H1 and H1 to M15, is more than enough wotrk for us to check when we trade.

Recently we start to discuss scalping in LTF, so we move down to M5 and M15. But the same MTFA applies. You can scalp in LTF and turn your trades into a 4H swing trade when you get the direction right in MTFA.


Hope this helps.

regards,
EMMANUEL
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,352
  • Jul 3, 2013 5:16pm Jul 3, 2013 5:16pm
Quoting mike1349
Hi Emmanuel, Isn't it too early over there?
yea, chilly morning...
never too early to catch ASX open...and to catch some US spill-over.
I have a SYD_2H breakout to trade.

I sleep in 4 hour slots... that's a trader' lifestyle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,353
  • Jul 3, 2013 5:23pm Jul 3, 2013 5:23pm
Good for you Emmanuel,
I wish I had your discipline.

Before you go to bed for 4 hr , Would you tell me if my settings are ok? Are you guys still using Synergy ABP candle from post 15?I just set up my platform for TMS.


Thanks
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Failure, is a wonderful teacher!
  • #21,354
  • Jul 3, 2013 5:40pm Jul 3, 2013 5:40pm
To all you folks in the US of A...
Happy Independence Day ...
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,355
  • Jul 3, 2013 5:47pm Jul 3, 2013 5:47pm
Quoting mike1349
Good for you Emmanuel, I wish I had your discipline. Before you go to bed for 4 hr , Would you tell me if my settings are ok? Are you guys still using Synergy ABP candle from post 15?I just set up my platform for TMS. Thanks {image}
look okay, ...
the Synergy Average Price Bar is key in TMS ... do not change that.
I prefer to see the real price in bar chart not Japanese candle hidden behind the APB....I want to see the real price Open and Close.

the PAC is not part of TMS, but recently I added this as many traders want to scalp and also it helps with lower TF entries. And the PAC works in all TFs and it should help those who did not find agrressive trade entry working well for them.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,356
  • Jul 3, 2013 5:57pm Jul 3, 2013 5:57pm
Thanks man......Back to reading old posts......Meanwhile I try to demo trade too
Failure, is a wonderful teacher!
  • #21,357
  • Jul 3, 2013 6:05pm Jul 3, 2013 6:05pm
Quoting mike1349
Thanks man......Back to reading old posts......Meanwhile I try to demo trade too
read that pdf " Best of Big E' and have a good grasp what the man shared here and know his trading lifestyle.
You can adapt the method to your own lifestyle and with proper money management build it to become your own trading system.

Set simple achievable realistic measureable time-based financial goals.
10% in 20-tradings days to start with is smart thing to do. Make that happen and then work that consistently down to 10% in 5-trading days. You don't have to work another day. Then the time comes for you to fire your boss.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,358
  • Jul 3, 2013 6:11pm Jul 3, 2013 6:11pm
Quoting emmanuel7788
{quote} read that pdf " Best of Big E' and have a good grasp what the man shared here and know his trading lifestyle. You can adapt the method to your own lifestyle and with proper money management build it to become your own trading system. Set simple achievable realistic measureable time-based financial goals. 10% in 20-tradings days to start with is smart thing to do. Make that happen and then work that consistently down to 10% in 5-trading days. You don't have to work another day. Then the time comes for you to fire your boss.
I already read that.I will read it again though.
Thanks for MM advice.I try to do it.
I have 5 month to achieve and fire my boss or go to work again
Failure, is a wonderful teacher!
  • #21,359
  • Jul 3, 2013 6:16pm Jul 3, 2013 6:16pm
Today will be hot for EU and GU.
when you guys wake up for FFM and LON open later, check your higher TF W1 first then your D1 TF.
Practice and test your MTFA skills....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,360
  • Jul 3, 2013 6:42pm Jul 3, 2013 6:42pm
EURNZD D1 and PA:
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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