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  • #21,841
  • Jul 15, 2013 10:50am Jul 15, 2013 10:50am
Took this trade today at the break of the asian high/ brn, nice seperation from green over red above mbl. just looking for feedback.
Would anyone have gone earlier on the m15 chart using the break from PAC?
Phx62 what would have been your trigger for EJ today?

Red line is entry green is tp

http://charts.mql5.com/2/40/eurjpysb...-trading-2.png
  • #21,842
  • Jul 15, 2013 11:41am Jul 15, 2013 11:41am
Quoting frenetic
{quote} I'm in as well. Btw congrats with your EU trade . I took a short trade on AU but after it's BE I had my EA to manage that so i'm out with 10 pips.
Hi Frenetic & Emmanuel,

I have been long time no post chart here as I am very busy with my job.
May I know which EA you use to manage your trade? Frenetic.
Because I am not able to manage my trade most of the time that make my trade from +pips to -pips(SL) sometimes like short trade on AU today.
I also go in for EU trade with +19 pips.

Regards,
Prominent88
  • #21,843
  • Edited 12:28pm Jul 15, 2013 12:11pm | Edited 12:28pm
Quoting Prominent88
{quote} Hi Frenetic & Emmanuel, I have been long time no post chart here as I am very busy with my job. May I know which EA you use to manage your trade? Frenetic. Because I am not able to manage my trade most of the time that make my trade from +pips to -pips(SL) sometimes like short trade on AU today. I also go in for EU trade with +19 pips. Regards, Prominent88

Hi promient,
I'm using CaveManager 1.41. You should read through the pdf to know about this EA.
Regards,

Edit: I was writing my comment on Pippopotamus post but seem like he deleted it so nevermind. But Pippopotamus,I think that was a interesting point that you pointed out but I think you should send emmanuel a PM first. Regards,
Attached File(s)
File Type: pdf THV CaveManager EA v1.41.pdf   103 KB | 599 downloads
File Type: ex4 THV CaveManager v1.41.ex4   63 KB | 675 downloads
  • #21,844
  • Jul 15, 2013 12:33pm Jul 15, 2013 12:33pm
Hi Emmanuel just two quick questions

Is it possible to trade using MT4 on a Mac?

Do you have a " Everything you need to know about Fibonacci ratios" or something of the sought in a PDF as you seem to have every PDF known to man.

Thank you.
  • #21,845
  • Jul 15, 2013 12:46pm Jul 15, 2013 12:46pm
Quoting adamjhdavis
Took this trade today at the break of the asian high/ brn, nice seperation from green over red above mbl. just looking for feedback. Would anyone have gone earlier on the m15 chart using the break from PAC? Phx62 what would have been your trigger for EJ today? Red line is entry green is tp {image}
I entered a long trade at LO after price had broken above the high of the previous 3 candles.....I monitored it until it was I profit 21 pips and went back to bed since I had a business meeting to attend this morning....price pulled back and stopped me out at BE. I have my alarm set for the top of each hour for the first 4 hours of the London on days that I cannot stay up and monitor the trades. I re-entered long on the fourth candle of London on a continuation of the long and another break above yesterdays high....hit TP and the ADR was also hit.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.7.15 ej h1.png Size: 42 KB
  • #21,846
  • Jul 15, 2013 1:01pm Jul 15, 2013 1:01pm
Quoting Phx62
{quote} I entered a long trade at LO after price had broken above the high of the previous 3 candles.....I monitored it until it was I profit 21 pips and went back to bed since I had a business meeting to attend this morning....price pulled back and stopped me out at BE. I have my alarm set for the top of each hour for the first 4 hours of the London on days that I cannot stay up and monitor the trades. I re-entered long on the fourth candle of London on a continuation of the long and another break above yesterdays high....hit TP and the ADR was...
Thank you phx62 for your posts and charts they have helped me greatly and I am to trying to trade one pair only. great trading last week btw. AMAZING.

I'd like to post more charts as I get them for your analysis if that's OK?
  • #21,847
  • Jul 15, 2013 1:25pm Jul 15, 2013 1:25pm
Quoting Phx62
{quote} I entered a long trade at LO after price had broken above the high of the previous 3 candles.....I monitored it until it was I profit 21 pips and went back to bed since I had a business meeting to attend this morning....price pulled back and stopped me out at BE. I have my alarm set for the top of each hour for the first 4 hours of the London on days that I cannot stay up and monitor the trades. I re-entered long on the fourth candle of London on a continuation of the long and another break above yesterdays high....hit TP and the ADR was...
Great start for the week Phx62,congrats. Seems like I timing is a bit off or so. I'm trading AU today,and my TP(50 pips) is short by 5 pips,so in the end I just got 10 pips after all. I mean profit is profit I know but sometimes it just feel a little bit disappointed. I mean,seeing another pair will hit my TP if I were entered that but in fact I didn't get that much. Is this just bad luck or bad timing? I remembered you said that you decide to trade 1 pair if it has more than 100 pips ATR and there is a valid signal to enter or something like that. Just like today,I'm have EU,GU,AU,EJ chart open and all of them have a signal but I choose AU instead. So the result is as you know already.I know this is what you have to deal with in trading but I think some suggestions of veteran traders is great too. So can you give me some advice on this? Thank you.
  • #21,848
  • Jul 15, 2013 1:56pm Jul 15, 2013 1:56pm
Hi all,

So took the AUD/CHF H4 Cross this morning. I went with the more aggressive 5ma cross to enter and now its ranging inside the PAC. Hence, Its been ranging all day today with no significant momentum.

From the bigger picture view there is an inverted hammer on the Weekly charts & double bottom on the daily. Still in the green so will see how this trade pans out when the Asian sessions in full swing.

Any thoughts?

p.s. cant upload the charts for some reason FF seems to be freaking out!
  • #21,849
  • Jul 15, 2013 2:25pm Jul 15, 2013 2:25pm
Quoting emmanuel7788
{quote} Mohendran, Are you using MT4? All indicators posted here are for MT4 trading platform only. regards, EMMANUEL
HI Emmanuel,

Yes, I am using MT4 platform and I've somehow manage to install the indicators cause this is the 1st time I am using indicators for my trading. I am a H1 trader and I would like to learn from all the experienced trader like your self about TMS. I am still at page 50 but been taking down notes abt do's and dont's whn we use TMS. Hope learn more and start to collect pips.

Happy trading.
  • #21,850
  • Jul 15, 2013 3:15pm Jul 15, 2013 3:15pm
Quoting frenetic
{quote} Great start for the week Phx62,congrats. Seems like I timing is a bit off or so. I'm trading AU today,and my TP(50 pips) is short by 5 pips,so in the end I just got 10 pips after all. I mean profit is profit I know but sometimes it just feel a little bit disappointed. I mean,seeing another pair will hit my TP if I were entered that but in fact I didn't get that much. Is this just bad luck or bad timing? I remembered you said that you decide to trade 1 pair if it has more than 100 pips ATR and there is a valid signal to enter or something...
frentic,
When I open my charts, one of the first things I look at is Yesterday's Range (how many pips did price move yesterday on each pair), the 5 day ADR and the overall 30 day ADR.....then I open the news calendar and determine what scheduled news events may affect any of the four pairs that I trade. I then analyze that information to determine which pair to trade for that day.
In answer to your other question, the timing of entries is critical (also timing of exits). There are many times that I enter a trade before the TDI confirms but I base those entries on price action and things like pullback candle formations, double or triple tops, divergence, fibs, market harmonics, M15 TDI crossovers, H4 trends, etc...it just takes time, work and patience to learn when is the time to take an aggressive entry and when to be more conservative.....
  • #21,851
  • Jul 15, 2013 4:21pm Jul 15, 2013 4:21pm
Quoting Mohendran
{quote} HI Emmanuel, Yes, I am using MT4 platform and I've somehow manage to install the indicators cause this is the 1st time I am using indicators for my trading. I am a H1 trader and I would like to learn from all the experienced trader like your self about TMS. I am still at page 50 but been taking down notes abt do's and dont's whn we use TMS. Hope learn more and start to collect pips. Happy trading.
Modendran,

check out the paper clip at the top right hand of the page. Search the attachments by file type and look at all the PDFs that have been uploaded. There have been a lot of PDFs posted that will help you get up to speed. Last week someone posted their third installment of PHx62's top trading example posts - check out post 21,252!

Erol
  • #21,852
  • Jul 15, 2013 4:59pm Jul 15, 2013 4:59pm
hi guys .


its been awhile ppl bt i kept on reading your posts, and like always emmanuel is helping everyone so kindly and also PA master in this thread Phx62

btw Phx62 can share this indy u using which shows yesterday ,5day and 20day ADR its amazing please ?


btw for noobes, maybe reading whole thread is kinda consuming bt seriously you gain ten folds



p.s. today was slow for me , didnt enter any trade eventho it was obvious pa will bounce from weekly pivot

p.p.s. only trading EU
  • #21,853
  • Jul 15, 2013 5:36pm Jul 15, 2013 5:36pm
Is there any way we could look at how to trade a break out or continuation trade on the 15m and 1 hour using the TDI?
  • #21,854
  • Jul 15, 2013 5:40pm Jul 15, 2013 5:40pm
Quoting G.Grillz
hi guys . its been awhile ppl bt i kept on reading your posts, and like always emmanuel is helping everyone so kindly and also PA master in this thread Phx62 btw Phx62 can share this indy u using which shows yesterday ,5day and 20day ADR its amazing please ? btw for noobes, maybe reading whole thread is kinda consuming bt seriously you gain ten folds p.s. today was slow for me , didnt enter any trade eventho it was obvious pa will bounce from weekly pivot p.p.s. only trading EU
You can find it here: http://www.forexfactory.com/attachme...hmentid=896053
  • #21,855
  • Jul 15, 2013 6:22pm Jul 15, 2013 6:22pm
Quoting gigicualex
{quote} I was looking at your chart posted at 21828...I guess those are ABP candles..
yes, you see the APBs on that chart posted.

Do you also see the real price bars? the Open High Low Close of every real price bar?

The APB open and close is not the same as the real price bar open and close.

What you must also see is that the real price high and low are hidden by the APB body when there are volatile price movements.

When we trade with CandleStick pattern, we only use the real price bars OHLC not the APB.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,856
  • Jul 15, 2013 6:47pm Jul 15, 2013 6:47pm
Quoting adamjhdavis
Is there any way we could look at how to trade a break out or continuation trade on the 15m and 1 hour using the TDI?
Answer:
Yes.

TMS is a trend trading method like most trading systems, we are trend traders.

The TDI is a hybrid indicator showing the relative strength of the price movements and also the general trend direction using both the Price Line (green) and the Trade Signal Line (red).

The first task of the trader is to identify the trend, look for when the trend starts and confirms that.
Then the next task after confirming the trend has started, the trader then looks for CONTINUATION to join in the market trend.
During the trend, there will be periods where market will 'rest periods' like consolidationss or pullback or retraces, etc. TDI goes flat, hook backwards, bends, etc.
The next task for the trader is to identify these 'rest periods', look for the trade setups and excutes them.
The approach is to use MTFA - Multi TimeFrame Analysis and the Triple Screen trading concept.

The 10 things I talked about and every trader must have the skills to identify these on his/her charts.
Price Action

Trend

Multi-Time Frame

Momentum

Support and Resistance

Continuation

Volatility

Market Strength

Range

Timing


regards,

EMMANUEL


Attached Image (click to enlarge)
Click to Enlarge Name: Line chart with 5EMA.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,857
  • Jul 15, 2013 7:25pm Jul 15, 2013 7:25pm
Quoting emmanuel7788
{quote} Answer: Yes. TMS is a trend trading method like most trading systems, we are trend traders. The TDI is a hybrid indicator showing the relative strength of the price movements and also the general trend direction using both the Price Line (green) and the Trade Signal Line (red). The first task of the trader is to identify the trend, look for when the trend starts and confirms that. Then the next task after confirming the trend has started, the trader then looks for CONTINUATION to join in the market trend. During the trend, there will be...
Hi emmanuel7788
I read as much as I can with this thread and I want to thank all the people who contributed with useful information like your self emmanuel7788 , I tried to keep up with the whole thing but I always learn a new thing whenever I read new posts,is there a way that you can highlight the major factors for Price Action on Triple Screen trading concept ?
Thanks
  • #21,858
  • Jul 15, 2013 7:35pm Jul 15, 2013 7:35pm
Quoting emmanuel7788
{quote} Answer: Yes. TMS is a trend trading method like most trading systems, we are trend traders. The TDI is a hybrid indicator showing the relative strength of the price movements and also the general trend direction using both the Price Line (green) and the Trade Signal Line (red). The first task of the trader is to identify the trend, look for when the trend starts and confirms that. Then the next task after confirming the trend has started, the trader then looks for CONTINUATION to join in the market trend. During the trend, there will be...
Thankyou emmanuel you are a great teacher
  • #21,859
  • Jul 15, 2013 9:09pm Jul 15, 2013 9:09pm
Quoting Phx62
{quote} frentic, When I open my charts, one of the first things I look at is Yesterday's Range (how many pips did price move yesterday on each pair), the 5 day ADR and the overall 30 day ADR.....then I open the news calendar and determine what scheduled news events may affect any of the four pairs that I trade. I then analyze that information to determine which pair to trade for that day. In answer to your other question, the timing of entries is critical (also timing of exits). There are many times that.....
Thank you sir. I appreciate that. Have a good day
  • #21,860
  • Jul 15, 2013 10:06pm Jul 15, 2013 10:06pm
Any advice appreciated
Good start to the week. Entered short after LO failed to set high and form third consecutive doji. Traded breakout of those dojis. Profit Barely hit at .9036 before retracement
Attached Image (click to enlarge)
Click to Enlarge Name: jul 15 aud.usd.h1 trade.png Size: 49 KB
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