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  • #22,021
  • Jul 18, 2013 3:15am Jul 18, 2013 3:15am
hi emmanuel,
I am interested too.
And I am also interested in your TDI REAL TIME-indicator if you like to share ;-)
Thanks again for your effort and kindness to share it here .
Greeds Zack
  • #22,022
  • Jul 18, 2013 3:24am Jul 18, 2013 3:24am
Quoting zackery
hi emmanuel, I am interested too. And I am also interested in your TDI REAL TIME-indicator if you like to share ;-) Thanks again for your effort and kindness to share it here . Greeds Zack
That indicator is in the list under the paperclip, page 24. It's called TDI RT
  • #22,023
  • Jul 18, 2013 3:32am Jul 18, 2013 3:32am
Wicked, wicked dashboard. Waaant !
  • #22,024
  • Edited 4:26am Jul 18, 2013 4:09am | Edited 4:26am
I'm in trouble. The last sixthousand trades (oke, a little less) are losers, and I have no idea what i'm doing wrong. Can anybody help me?

The last two trades i started are in the picture. They are both +/- 20 pips down, and I thought they were good setups. The TDI was going strong, green line crossing/bouncing from the red line, crossing the yellow line, both green lines on the good site of the 50 line,the D1 was going in the same direction as the trade I planned, the HA bar looked strong, no wick on the other site, crossing and closing outside the PAC, lower timeframes looking good, I checked the entry on the M5, to enter on the right time, I entered and…..it went the other way.
What am I doing wrong? What would you do here? Wait for the sl to be hit again and keep praying that it reverses? I put the sl on the other site of the PAC.

Both trades are entered within 10 minutes after the start of the last candle.
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  • #22,025
  • Jul 18, 2013 4:10am Jul 18, 2013 4:10am
Quoting emmanuel7788
{quote} TMS all-timeframes-dashboard: To all TMS followers: Let me see 100 active TMS traders here post and say you want this dashboard, then I will consider posting it here. You have to be an active TMS trader, otherwise this TMS DB wont be of any good use. De we have a deal?
1 post about the new dashboard and everybody loses their minds . Kidding though. For me,I'm fine with both. And because of your post that we see a lot of "lurker" trader around here. If you decide to be a "lurker" then it's fine. But think about it,just take 1 more little step,come and join us,post your chart here,post your ideas here,ask a lot of questions(whether it's silly or not). We are here to help each other,don't hesitate and join in.

Looking forward to you guys post in the future!
  • #22,026
  • Jul 18, 2013 4:24am Jul 18, 2013 4:24am
Quoting frenetic
{quote} 1 post about the new dashboard and everybody loses their minds . Kidding though. For me,I'm fine with both. And because of your post that we see a lot of "lurker" trader around here. If you decide to be a "lurker" then it's fine. But think about it,just take 1 more little step,come and join us,post your chart here,post your ideas here,ask a lot of questions(whether it's silly or not). We are here to help each other,don't hesitate and join in. Looking forward to you guys post in the future!
You're right, we newbees should post more often, but I rather see others ask silly questions! But hey, I'm cool, I'll put the joke on me!
Just kidding, I will be more active here, I started two posts ago!
  • #22,027
  • Jul 18, 2013 4:33am Jul 18, 2013 4:33am
Quoting emmanuel7788
Average Weekly Range for TMS 4H swing trading is part of the trade planing process. {image}
that looks amazing indicator, can you please let me know what's the name of it or where can I get it?
thanks
  • #22,028
  • Jul 18, 2013 4:44am Jul 18, 2013 4:44am
Quoting Dabbeljoe
I'm in trouble. The last sixthousand trades (oke, a little less) are losers, and I have no idea what i'm doing wrong. Can anybody help me? The last two trades i started are in the picture. They are both +/- 20 pips down, and I thought they were good setups. The TDI was going strong, green line crossing/bouncing from the red line, crossing the yellow line, both green lines on the good site of the 50 line,the D1 was going in the same direction as the trade I planned, the HA bar looked strong, no wick on the other site, crossing and closing outside...
Hi Joe,
I'm not using PAC for entry but let me try to help you:

At first glance,your entry is not bad. It's the market condition is not good to enter the market yet. If you want to use PAC for entry and identify market condition,you must take HTF information to analyze your trading TF.
Take a look at my AU Daily chart. At the time you take that trade,price is still inside the PAC indicate that the market is ranging. And on the daily chart,green is still above red. You want to enter the market on LTF with the direction of both PA and TDI on HTF. So it's is not recommend to trade on H4 chart atm. Maybe you can have another option is going to the 15M chart and scalping for some pips there. I think emmanuel has a lot of post about scalping 15M/5M chart so look for them and read them. And I recommend you to read the E.A.S.Y method pdf again and go to compassfx and watch "Synergy Method" video for more in-depth information.

And your UC trade,look at my UC daily chart. You entered long when the price was still below and was trying to get inside the PAC. Again,it is not a good condition to enter the market. And you should know that your long entry on UC is a counter trend trade.

Lastly,I think you should open the daily chart on any pair and identify when the market is trending( I know you can see that),we want to enter on H4 chart when the market is trending on Daily chart after price retrace back to fib level or S/R level,that way you will have a much more high probability entry.

Just my little help,I'm sure emmanuel will give you the answer soon.
Good luck,
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  • #22,029
  • Jul 18, 2013 4:46am Jul 18, 2013 4:46am
Quoting emmanuel7788
{quote} TMS all-timeframes-dashboard: To all TMS followers: Let me see 100 active TMS traders here post and say you want this dashboard, then I will consider posting it here. You have to be an active TMS trader, otherwise this TMS DB wont be of any good use. De we have a deal?

I'm a long time lurker and this is my 1st post! Learning so much from this thread and the tools - DB looks fab, yes please from me!
Thank you emmanuel7788

KatPips
  • #22,030
  • Jul 18, 2013 4:56am Jul 18, 2013 4:56am
Quoting Dabbeljoe
I'm in trouble. The last sixthousand trades (oke, a little less) are losers, and I have no idea what i'm doing wrong. Can anybody help me? The last two trades i started are in the picture. They are both +/- 20 pips down, and I thought they were good setups. The TDI was going strong, green line crossing/bouncing from the red line, crossing the yellow line, both green lines on the good site of the 50 line,the D1 was going in the same direction as the trade I planned, the HA bar looked strong, no wick on the other site, crossing and closing outside...
I'm in a similiar situation, after 8 months of demoing I have maybe 4 nice trades. From the looks of it tho, your entries seem to be way to late, on my charts I would have entered 2-3 bars before you did and would be in profit but not by much. On USD/CAD we had a strong move down so I wouldn't think about trading it yet til I have a grasp on what its doing, weekly pivot and Resistance right above your entry too.
  • #22,031
  • Jul 18, 2013 5:12am Jul 18, 2013 5:12am
Hello.
I want say for all forexfactory members and specialy TMS members ...................... you are the best.

that is my first trade with demo account

AUD/USD H1

i want know if my position is correct
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  • #22,032
  • Jul 18, 2013 5:21am Jul 18, 2013 5:21am
Quoting frenetic
{quote} Hi Joe, I'm not using PAC for entry but let me try to help you: At first glance,your entry is not bad. It's the market condition is not good to enter the market yet. If you want to use PAC for entry and identify market condition,you must take HTF information to analyze your trading TF. Take a look at my AU Daily chart. At the time you take that trade,price is still inside the PAC indicate that the market is ranging. And on the daily chart,green is still above red. You want to enter the market on LTF with the direction of both PA and TDI...
Oke, this is very educative. Wat I did is check on the daily and saw PA go up and TDI too. How come your chart is different? Bars can be different, but your TDI is still above red? Mine just crossed above.

About entering in H4 atm; I did check it on LTF, the M5, to enter at the right moment, tdi going up and PA too. Should I make that the M15?

I don't like to scalp on LTF, I did this before and I almost got a thank-you-letter from my broker.

I will read the EASY pdf, didn't know that one, I did see the synergy video's, may have to check them again.

So you only enter a trade on the H4 when the bars go outside the PAC on the H4 and on the daily too?

you said: 'You entered long when the price was still below and was trying to get inside the PAC', do you mean that I have to wait for the price to retrace inside the channel to enter?

About the countertrend on U/C, on weekly the trend is up (although the last candles are going down) and on the daily it reverses and go up, the green line is above 50, I thought that was a sign for an uptrend. Where did you see the downtrend? Do you look at the last candles on the weekly?

Thanks Frenetic!

Btw, my name is not Joe, it's Wendy. Difficult story. ;-)

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  • #22,033
  • Jul 18, 2013 5:31am Jul 18, 2013 5:31am
Quoting Dabbeljoe
{quote} .... Btw, my name is not Joe, it's Wendy. Difficult story. ;-) {image}
A Girl named Joe,... there must be a good reason for that.

You'll like this Johnny Cash song:

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,034
  • Jul 18, 2013 5:32am Jul 18, 2013 5:32am
Quoting Sicarius
{quote} I'm in a similiar situation, after 8 months of demoing I have maybe 4 nice trades. From the looks of it tho, your entries seem to be way to late, on my charts I would have entered 2-3 bars before you did and would be in profit but not by much. On USD/CAD we had a strong move down so I wouldn't think about trading it yet til I have a grasp on what its doing, weekly pivot and Resistance right above your entry too.
Yeah, you're right, I was too late on the A/U, I see it now. But not on the A/C i think? Entered the second candle on a bounce, so it's a re-entry, isn't it?

Which indicators do you use for pivot and resistance? I see no fib line on the U/C H4 and that strong move down was two days ago, you still don't trade on that chart?
  • #22,035
  • Jul 18, 2013 5:36am Jul 18, 2013 5:36am
Quoting emmanuel7788
{quote} A Girl named Joe,... there must be a good reason for that. You'll like this Johnny Cash song: https://www.youtube.com/watch?v=WOHPuY88Ry4
Lol, this is really funny! But my name is Wendy and in dutch the letter double U is pronounced as dabbeljoe, so I think only dutch people will understand that! Haha, like I said, difficult story. But you can call me Sue if you like.
  • #22,036
  • Jul 18, 2013 5:43am Jul 18, 2013 5:43am
Took a buy on the EJ at 1627 local (GMT +10)
entered at bounce of TDI. normally don't trade FRA time but was at the computer and this looked pretty good.
Had T1 at 20 pips which was just above yesterdays high. This was hit and i sold 50%.
Had my T2 at 50pips, but was going to keep an eye on this as the 20 pip mark (131.360) was not much above the 127 fib.
Had a trailing stop activated at the T1 and was stopped out with the pull back with +9 pips.
Enjoying the TMS method, up 15% this month with 12 trades.
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  • #22,037
  • Jul 18, 2013 5:46am Jul 18, 2013 5:46am
Quoting Dabbeljoe
{quote} Yeah, you're right, I was too late on the A/U, I see it now. But not on the A/C i think? Entered the second candle on a bounce, so it's a re-entry, isn't it? Which indicators do you use for pivot and resistance? I see no fib line on the U/C H4 and that strong move down was two days ago, you still don't trade on that chart?
I use the default pivot indicator, I can only trade on my phone and on FXCM web platform since I'm at work during all of EU and part of NY open. On U/C I see the bounce entry, but when a strong down move occurs like that price will probably range around until it can break it. At your entry I would have been thinking did this accumulate enough buyers yet to make this trade worthwhile, does it have enough steam to keep going? I look at those 2 big blue candles after the sell off and would be weary of it ranging there. Also 6/27s low and 5/29s high was the S/R I saw
  • #22,038
  • Jul 18, 2013 5:46am Jul 18, 2013 5:46am
Quoting emmanuel7788
EJ market update: EJ enters a potential supply zone 131.05 to 131.43 ... tighten your seat belt(s) ... some may need 2 . several intraday resistance, also intra-week resistance, TOK_5H is 63pips.

EJ looks ugly now. Time to exit for intraday ...

How I got those price levels - 131.05 and 131.43, here below is how.
The intraday resistance is Prev D High 131.35
the intra week resistance is Prev W Fib127% 131.24

... all congested in this supply zone.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,039
  • Jul 18, 2013 5:48am Jul 18, 2013 5:48am
I'm into this trade, EUR/JPY sell

Counter trend trade

What do you think guys ? my TP is set at 52 pips
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I Have Learned to Take Some Losses to Make Profits
  • #22,040
  • Jul 18, 2013 6:02am Jul 18, 2013 6:02am
Quoting emmanuel7788
{quote} Luck is something that is random and we have no control of. You go to the casino you rely on lady luck. But in trading, market is also random. But we have our chart data to look at and analyse using our knowledge, we look for patterns. We are technical traders, we trade based on repeated patterns which are our setups. Now concerni g GU, news aside: 1) what is your weekly bias at the start of this week? 2) what is your daily bias when when Tokyo open? 3) if you trade using your higher tmeframe bias, after yesterday bullish close, you will...
Hi emmanuel,
Thanks for your answer and sorry for my late resonse. Had a lot of work here in Germany

I analyzed my trade and came to this conclusions. The weekly bias was long, the daily bias was also long, and i placed my Trade at the 61.8 Fibo Retracement, which have been a wonderful retracement point for a long position. Could have made over 100 pips.................. ;(

Please see my Fibo chart.


Regarding the MTF analysis:

I read the lesson in babypips school and in my opinion its a very good entrance for the MTF view. Yesterday I found a magazine called "Traders" and read an article about the Multi Time Frame Analysis. Please tell me if this is the same method:

1) Its called the Triple screen methode of Alexander Elder.
2) First screen: W1 chart with a MACD indicator
3) second screen: D1 chart with the Force Index indicator or Williams %R indicator.
4) third screen: H4 screen for trade entrance

Should I use this in the timeframes above or can i use for example the D1, H4, and H1 TF to make the MTF ?



Best regards and thanks a lot for the support,
FX94
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