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Trading Made Simple for Day Charts

  • #1,621
  • Jul 24, 2013 7:47pm Jul 24, 2013 7:47pm
Quoting Uk1
Britpip, Although probably not broker related, I had been using your template (from post 1) up until recently on an oanda account, but have just started using it on an alpari account, for some reason the supply demand indicator is placing the zones half way across the screen now. I cant get them to syc with price on the right edge of the screen. Any ideas?? Thanks in advance Ross
Ross,

Here's what I have for the settings on this indicator - I am using IBFX, but not sure if this is platform / broker related - post a chart so we can see what you see
Attached Image (click to enlarge)
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Attached Image
"To live with Passion, it takes Courage and Grace to survive"
  • #1,622
  • Jul 24, 2013 9:26pm Jul 24, 2013 9:26pm
GU PA has stalled out and is showing signs of a reversal - USD/CHF mirrors this.

This would be an early entry considering where PA is.

Positives
TDI cross in process - needs PA to continue south to confirm
APB color change
strong reversal candle from Wednesday following a doji on Tuesday
PA bouncing lower from 200EMA
Reversing from a daily fib level of 618


Negatives
Possible PA running with 100EMA
Weekly support at 1.5220
RSI currently above 51
No 2/7/ confirmation
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily 7-24-2013.png Size: 63 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,623
  • Jul 25, 2013 3:44pm Jul 25, 2013 3:44pm
Quoting Britpip7
GU PA has stalled out and is showing signs of a reversal - USD/CHF mirrors this. This would be an early entry considering where PA is. Positives TDI cross in process - needs PA to continue south to confirm APB color change strong reversal candle from Wednesday following a doji on Tuesday PA bouncing lower from 200EMA Reversing from a daily fib level of 618 Negatives Possible PA running with 100EMA Weekly support at 1.5220 RSI currently above 51 No 2/7/ confirmation {image}

Did you choose any of te settings down to 'timer.on' of were they the defaults? Just that some of mine were different
  • #1,624
  • Jul 25, 2013 3:46pm Jul 25, 2013 3:46pm
Quoting Britpip7
{quote} Ross, Here's what I have for the settings on this indicator - I am using IBFX, but not sure if this is platform / broker related - post a chart so we can see what you see {image} {image}
ewps, wrong post. Did you choose any of te settings down to 'timer.on' of were they the defaults? Just that some of mine were different
  • #1,625
  • Jul 25, 2013 3:53pm Jul 25, 2013 3:53pm
Quoting Buttonjock
{quote} ewps, wrong post. Did you choose any of te settings down to 'timer.on' of were they the defaults? Just that some of mine were different
most of them are defaults, so my changes affected what is on the screen
"To live with Passion, it takes Courage and Grace to survive"
  • #1,626
  • Jul 25, 2013 3:59pm Jul 25, 2013 3:59pm
Perhaps somewhat of an experiment, took this trade on the nzd/usd. The only difference is that the chart is weekly
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  • #1,627
  • Jul 25, 2013 7:21pm Jul 25, 2013 7:21pm
Quoting Buttonjock
Perhaps somewhat of an experiment, took this trade on the nzd/usd. The only difference is that the chart is weekly {image}
Really strong weekly chart, so should be a winner :-)
"To live with Passion, it takes Courage and Grace to survive"
  • #1,628
  • Jul 26, 2013 9:26am Jul 26, 2013 9:26am
Thanks David / Buttonjock for your help. I'll check my settings when I get home and see also if I can post a chart.
Ross
  • #1,629
  • Jul 26, 2013 4:43pm Jul 26, 2013 4:43pm
Quoting Britpip7
{quote} Really strong weekly chart, so should be a winner :-)

Yeh, looking good, currently up 78 pips. Pity the swap is negative.

Found another potential weekly trade. This time the a/u is showing promise, although the RSI is a bit low. There seems to be a pivot point, so I'll look for a trade when it closes above this line, or if a better signal appears on the daily chart. Could be while yet.
Attached Image(s) (click to enlarge)
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  • #1,630
  • Jul 29, 2013 5:21pm Jul 29, 2013 5:21pm
Quoting Britpip7
{quote} most of them are defaults, so my changes affected what is on the screen
Figured it out guys, blond moment, I hadnt imported all the indicators individually with the template, when I downloaded it to my alpari MT4. Did that now all looks to be Ok.
  • #1,631
  • Jul 29, 2013 5:34pm Jul 29, 2013 5:34pm
I'm currently back testing, plugging in different ATRs in to the framework of your system David, trying to make it my own. Of course any trading plan is very personal to its owner / developer and their accompanying personality, but as a point of reference can I ask (as a relative newbie) what typically the length of each of your trades is? I've been testing, using DCgincs ATR set up from the original TMS thread, and a trade could run for a couple of weeks for TP1, even a month or so before TP2 is hit if you sit on your hands and dont do anything until either your stop or either TPs are hit. I'm interested in your take on this?
  • #1,632
  • Jul 29, 2013 10:27pm Jul 29, 2013 10:27pm
Quoting Uk1
I'm currently back testing, plugging in different ATRs in to the framework of your system David, trying to make it my own. Of course any trading plan is very personal to its owner / developer and their accompanying personality, but as a point of reference can I ask (as a relative newbie) what typically the length of each of your trades is? I've been testing, using DCgincs ATR set up from the original TMS thread, and a trade could run for a couple of weeks for TP1, even a month or so before TP2 is hit if you sit on your hands and dont do anything...
My longest trade was 10 days for over 1000pips with a few add-ons, but typically TP1 is hit within 1 to 3 days and then depending on how your money management is running and how soon you move up your SL for TP2 to be hit.
"To live with Passion, it takes Courage and Grace to survive"
  • #1,633
  • Jul 30, 2013 1:50pm Jul 30, 2013 1:50pm
EU is showing some encouraging signs for a reversal with fresh day cross on TDI and Convergence showing on the H4 TDI.

APB only has a doji pattern - no significant candle body although there is a colour change and the Day RSI is still u at 60, so PA is currently stalling at 1.3250, which means that PA is sitting in the middle od a 700pip range if you look at the weekly S/R charts
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"To live with Passion, it takes Courage and Grace to survive"
  • #1,634
  • Jul 30, 2013 1:58pm Jul 30, 2013 1:58pm
GU has confirmed the reversal pattern, so running to plan which is nice - this ws a single position entry plus an add-on from the H1.

SL on each entry is at BE - will consider moving these after today's candle close if PA keeps running south
Attached Image (click to enlarge)
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"To live with Passion, it takes Courage and Grace to survive"
  • #1,635
  • Jul 30, 2013 3:43pm Jul 30, 2013 3:43pm
Quoting Britpip7
GU has confirmed the reversal pattern, so running to plan which is nice - this ws a single position entry plus an add-on from the H1. SL on each entry is at BE - will consider moving these after today's candle close if PA keeps running south {image}
Nice pick. Today's signal gives me a pending first entry below the current day. No significant negatives as far as I can see
  • #1,636
  • Edited 11:24pm Jul 30, 2013 8:08pm | Edited 11:24pm
After testing a variety of formats, I am keeping the TDI on the chart because it does give some good confirmations which you may otherwise miss.

TDI is an overlay onto a MACD which is there as a general momentum indicator - The OSMA Oscillator is very similar, and the Awesome Oscillator is also good - but pick one and go with it.

The RSI may be too much on top of all of this, but knowing the value is a good thing.

All the rules are intact, so no changes there. The colours work for me with my colour vision issues, so feel free to make it work for you.

The main chart has lost the Supply and Demand Zones because mostly they were sitting on the primary Weekly S/R price lines, so once you zoom out and fix them, they will not repaint as the zones do when PA hits them.

The White arrows are the 2/7 EMA confirmation and I am currently testing with the Black arrows which are 5/10 EMA confirmations - they may not add anything, so could well get nuked in the next version.

So no need to add any wierd indicators - Big E would be non too impressed by the additions, but they seem to help - it's all a personal choice at the end of the day.

Happy pip hunting
Attached Image(s) (click to enlarge)
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"To live with Passion, it takes Courage and Grace to survive"
  • #1,637
  • Jul 30, 2013 8:36pm Jul 30, 2013 8:36pm
AUD/JPY is breaking below 89.00 and if this breakout succeeds, there is clear water below for some impressive pip gains.

Currently watching on H4 for the current candle to continue the PA

Of course as PA continues to push south - TDI will stay in Oversold territory, so entries can be taken after a price pull back and continuation on lower timeframes.
Attached Image(s) (click to enlarge)
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"To live with Passion, it takes Courage and Grace to survive"
  • #1,638
  • Jul 30, 2013 11:17pm Jul 30, 2013 11:17pm
GBP/AUD is heading for a weekly Resistance level, so no new entries at this time - on the watch list for a reversal or break through the weekly level of 1.6920
Attached Image (click to enlarge)
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"To live with Passion, it takes Courage and Grace to survive"
  • #1,639
  • Jul 31, 2013 6:42am Jul 31, 2013 6:42am
Just a heads-up for this Friday - NFP
"To live with Passion, it takes Courage and Grace to survive"
  • #1,640
  • Jul 31, 2013 11:16am Jul 31, 2013 11:16am
Quoting Britpip7
Just a heads-up for this Friday - NFP
Additionally we have FOMC statements today at 11am PDT
"To live with Passion, it takes Courage and Grace to survive"
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