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Trading Made Simple

  • #22,221
  • Jul 22, 2013 3:20am Jul 22, 2013 3:20am
AU 22 Jul LO H1 Bar pattern entry to H4:
Attached Image (click to enlarge)
Click to Enlarge Name: AU 22 Jul H1 CS pattern 22-7-2013 4-16-06 PM.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,222
  • Jul 22, 2013 3:32am Jul 22, 2013 3:32am
Hi all,i am new in this forex market .and dont have a much experience,currenty practicing in demo and have real mini account ,how to setup the TDI ?,,and how i can learn about this strategy?please help me to understand
  • #22,223
  • Jul 22, 2013 3:51am Jul 22, 2013 3:51am
Quoting Phx62
A nice little 40 pip scalp to start the week.....overall trend was up.....week open (gap) was below Fridays close....looking for 15 or 20 pips....candle took off....closed manually for 40.....{image}
Quoting tenmilewalk
{quote} Hello phx62, why was the trade listed as jul 22? The 40 pip jump happened on friday on my mt4
Hi Phx62

I remember the 23:00 EJ candle from Friday - it reached R1 which was my trade target. I think you may have included the wrong screenshot for this morning's trade as tenmilewalk noticed.
  • #22,224
  • Edited 4:17am Jul 22, 2013 4:04am | Edited 4:17am
Quoting emmanuel7788
AU 22 Jul LO H1 Bar pattern entry to H4: {image}
I try to only use 4H for entry, but I saw that as well then decided to enter the close of the bar after the pinbar.
I will try to post my charts regularly from now on so my mistakes can be pointed out

SL: 0.9235
TP1: 0.917
TP2: 0.914
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-h1-vantagefx-pty-ltd.png Size: 68 KB
  • #22,225
  • Jul 22, 2013 4:35am Jul 22, 2013 4:35am
Quoting mmhasan
Hi all,i am new in this forex market .and dont have a much experience,currenty practicing in demo and have real mini account ,how to setup the TDI ?,,and how i can learn about this strategy?please help me to understand
Hello Hasan,

This is available already from MT4 platform at the bottom of your screen where it says "Code Base" tab
Be the dragon master...
  • #22,226
  • Jul 22, 2013 6:30am Jul 22, 2013 6:30am
Quoting evilmechy
{quote} I try to only use 4H for entry, but I saw that as well then decided to enter the close of the bar after the pinbar. I will try to post my charts regularly from now on so my mistakes can be pointed out SL: 0.9235 TP1: 0.917 TP2: 0.914 {image}
Closed my trades at a lost..
I guess I shouldn't have opened with a big TP. Because the Daily and Weekly trends were up
  • #22,227
  • Jul 22, 2013 7:25am Jul 22, 2013 7:25am
Hi evilmechy,

You should stick to the 4hr to make your decissions better. Try so to reduce your TP to 30pips per trade. Look at my trade I made since this morning. Still going...
Be the dragon master...
  • #22,228
  • Edited 8:28am Jul 22, 2013 8:15am | Edited 8:28am
Quoting Bushman
{quote} {quote} Hi Phx62 I remember the 23:00 EJ candle from Friday - it reached R1 which was my trade target. I think you may have included the wrong screenshot for this morning's trade as tenmilewalk noticed.

He didn't include the wrong screenshot, I took the same trade....practically the same as I am with IBFX and it opens an hour later, still managed to get 35 pips though so I know his is right. mine was taken just after the IBFX opened at 22:00 gmt look at the time on the horizontal line in his screenshot he is gmt +3 his trade was taken 20 minutes earlier than mine.
  • #22,229
  • Jul 22, 2013 9:29am Jul 22, 2013 9:29am
Quoting emmanuel7788
{quote} tscheulaling, I am not sure of your problem with the backtesting. The tester template you need to create using TMS template and saved that with 'tester' that will be seen in your mt folder as 'tester.tpl' The EA back tester will automatically use the template 'tester' when it starts. But if you cannot dwownload and copy the EA to your mt4 expert folder, then it may be a different problem. Let me know if this is the case. I like your devotion of 5 to 6 hours per days. That is really necessary when you want to learn to trade. There are many...
thanks emmanuel,

i have solved the EA backtester problem. i had a wrong tdi name (without underscores between the words). i will learn and work through different TMS information sources the coming weeks. when i have done this i will make a trade plan en foreward test manually. like you said, it has to work for me. in the meantime i will do some realtime trading on a demo platform to get a feel. of the things i am learning.
maybe later i can give a more substantive contribution to this thread. lets hope so because then i am doing well. LOL

tscheu
  • #22,230
  • Jul 22, 2013 9:35am Jul 22, 2013 9:35am
Finally seeing lots of pips following Big E's original system... It's on demo, but still, is the first time I've ever seen positive pips like this on my own account.
Thank you, TMS.
Thank you, Big E.
And thank you phx62, I've learned so much from your posts from the pdf.

12 hr chart. Entered all trades today, some on this bar, some on previous bar, all based on TDI cross.
UJ +48 pips
GJ +41 pips
AU +43 pips
EJ +47 pips

1 hr chart XAU USD. (Is it ok to talk about this pair in this thread?)
Now +68 pips
I backtested entering purly on TDI cross and got 8 wins, 3 small loses, 3 BE.
The gold's graph turned out to be very easy to trade, at least in the past 2 weeks.
Very nice wave with clear TDI crosses. Missed the big move this morning, TDI already crossed up since Saturday.
If I had had entered long on that cross, man, can only imagined the pips I'd made
Everything you can imagine, is real - Pablo Picasso
  • #22,231
  • Jul 22, 2013 9:42am Jul 22, 2013 9:42am
Quoting lastingwell
{quote} He didn't include the wrong screenshot, I took the same trade....practically the same as I am with IBFX and it opens an hour later, still managed to get 35 pips though so I know his is right. mine was taken just after the IBFX opened at 22:00 gmt look at the time on the horizontal line in his screenshot he is gmt +3 his trade was taken 20 minutes earlier than mine.
I see the problem. My chart has one extra candle on Friday evening compared to Phx62's

Thanks for clearing that up lastingwell.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh1.png Size: 28 KB
  • #22,232
  • Jul 22, 2013 12:40pm Jul 22, 2013 12:40pm
Quoting emmanuel7788
EU 22 Jul H4: we are in the 2 hours overlap between Tokyo close and London open.... action only start after Tokyo closes in about 1 hr 15 mins. Now I am watching how the current H4 will close. Nothing interesting as most H4 candle were small .... {image}

Hi it is possible to share ur tpl ??? With the tdi from all timeframe to see.???
  • #22,233
  • Jul 22, 2013 12:58pm Jul 22, 2013 12:58pm
Quoting Tradermurat
{quote} Hi it is possible to share ur tpl ??? With the tdi from all timeframe to see.???
look at this post
http://www.forexfactory.com/showthre...29#post6835929
  • #22,234
  • Jul 22, 2013 1:22pm Jul 22, 2013 1:22pm
Quoting evilmechy
{quote} Closed my trades at a lost.. I guess I shouldn't have opened with a big TP. Because the Daily and Weekly trends were up
evilmechy,

I had to cut loss too with this H1 setup.

you are correct that this H1 setup is countertrend so there is risk. The H1 setup was good with PA and TDi cross.


the trade setup was very quickly invalidated at the second candle after Tokyo close. the risk was also the Prevd D Fib 50% and Weekly Pivot 0.9192 CONFLUENCE ...which held on pretty well as support for H4 trading.

as I had mentioned, the 2 hours where the Tokyo session and London session overlaps is tricky and after Tokyo close, the London session will dictate the day' move.

the other point i often make is to have a Plan A and a Plan B. This is important especially when we take countrend setups. when the counter trend trade hit tp or get stopped out or when there is trade invaildation, we activate Plan B.

Now we see the Weekly Pivot play in 4H swing trading.

Good Trading.

regards,
EMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: AU 22 Jul H1 invalidation 23-7-2013 2-16-48 AM.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,235
  • Jul 22, 2013 1:27pm Jul 22, 2013 1:27pm
Quoting mastersm
{quote} Hello Hasan, This is available already from MT4 platform at the bottom of your screen where it says "Code Base" tab

folks,

that tab "Code Base" will send you deep into cyber world of mql4 ...

there is no need to go that far, everything which is required to trade TMS is in this thread.

of course unless you have time like I do to explore mql4 cyber world, by all means go there.... ither's lots of fun there for mql4 programmers.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,236
  • Jul 22, 2013 1:40pm Jul 22, 2013 1:40pm
Quoting tscheulaling
{quote} thanks emmanuel, i have solved the EA backtester problem. i had a wrong tdi name (without underscores between the words). i will learn and work through different TMS information sources the coming weeks. when i have done this i will make a trade plan en foreward test manually. like you said, it has to work for me. in the meantime i will do some realtime trading on a demo platform to get a feel. of the things i am learning. maybe later i can give a more substantive contribution to this thread. lets hope so because then i am doing well. LOL...
hi tscheu,

you are most welcome.

realtime demo forward testing is an effective way to learn and practice.
do as many demo trades as possible , you will learn and experience how the market works.
you will learn from every trade - win or loss.
after 100 trades, we can evaluate your results and make fine tuning where necessary.

- you will see how many trades run in your favour and how you manage your exits, moving SL, etc. This are outright winners, where your SL was never tthreaten.

- you will also see how many trades were outright losers, this means market turn against you inmmediately after your entry and you had no chance even to move your SL. This are the type of losers which you must learn more from.

- you will also see how many trades were profitable with partial exits (scale out) then market retrurn and stopped you out at breakeven BE...partial winners

the percentages of outright winners, partial winners and outright are important to know before you decide and start to trade live with real money.

Good Trading going forward.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,237
  • Jul 22, 2013 1:44pm Jul 22, 2013 1:44pm
Quoting Direwolf
Finally seeing lots of pips following Big E's original system... It's on demo, but still, is the first time I've ever seen positive pips like this on my own account. Thank you, TMS. Thank you, Big E. And thank you phx62, I've learned so much from your posts from the pdf. 12 hr chart. Entered all trades today, some on this bar, some on previous bar, all based on TDI cross. UJ +48 pips GJ +41 pips AU +43 pips EJ +47 pips 1 hr chart XAU USD. (Is it ok to talk about this pair in this thread?) Now +68 pips I backtested entering purly on TDI cross and...

Direwolf,

I love to read post when traders report profitable trade results.

As a matter of interest, how do you trade 12-hour chart in MT4?

thanks for sharing you good results.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,238
  • Edited 2:28pm Jul 22, 2013 2:02pm | Edited 2:28pm
Quoting mmhasan
Hi all,i am new in this forex market .and dont have a much experience,currenty practicing in demo and have real mini account ,how to setup the TDI ?,,and how i can learn about this strategy?please help me to understand
mmhasan,

to learn TMS, you must read all the 463 posts made by the thread starter and owner, eelfranz aka Big E.

the TDI indicator is in the attachment in this thread. Just use the default setting.

as you read the rest of this thread, you will come across attachments. The attachments are useful additional information to know.

you will also need to have good basic forex trading knowledge, babypips School of Pipsology is a good place to study and graduate.

Good journey.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,239
  • Jul 22, 2013 2:14pm Jul 22, 2013 2:14pm
Quoting emmanuel7788
EU 22 Jul H4: we are in the 2 hours overlap between Tokyo close and London open.... action only start after Tokyo closes in about 1 hr 15 mins. Now I am watching how the current H4 will close. Nothing interesting as most H4 candle were small .... {image}

Update on this:
Interesting BEFORE AND AFTER pics.

anyone wants to share your view on this?
also why is that resistance I marked so significant?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 22 Jul LO HA watch 22-7-2013 3-30-05 PM.png Size: 67 KB
Click to Enlarge Name: EU 22 Jul LO update 23-7-2013 3-05-58 AM.png Size: 81 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,240
  • Jul 22, 2013 2:19pm Jul 22, 2013 2:19pm
Using the EU example posted 22,242 above,

do you want to be an aggressive trader or be conservative trader?
Attached Image (click to enlarge)
Click to Enlarge Name: trade entry after pullback.png Size: 84 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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