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  • #23,321
  • Aug 15, 2013 12:36am Aug 15, 2013 12:36am
Quoting evilmechy
Entered EU early in the morning when I got up. Reasons for entering: Bottom trendline upwards touched 5 times. H1 TDI didn't have a big bounce but slight and H4 TDI was a crossover. major support at 1.325 Forgot to put my 50pip TP when I went back to sleep -.- SL placed at weekly low. changed to BE now. {image}

So you are one of the thousands who reset EU back to 1.3300...

let's see if it will go back to this week' open later .

AU, GU and NU all went back to their weekly open...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,322
  • Aug 15, 2013 12:46am Aug 15, 2013 12:46am
Quoting markgrejaldo
{quote} 92.75? That's gotta be the strongest resistance. I, however, have accidentally exited the trade after around a 28 pip win. Too much tinkering with oanda android app. Lol I hope i am correct as i look to reenter on another valid signal.

AJ reached target 60% of 52 weeks average traded range...
Attached Image (click to enlarge)
Click to Enlarge Name: AJ week 33 52AWR.png Size: 21 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,323
  • Aug 15, 2013 2:11am Aug 15, 2013 2:11am
Anyone short USD/CAD or USD/JPY H4 trades
  • #23,324
  • Aug 15, 2013 2:24am Aug 15, 2013 2:24am
Quoting tankokjian
{quote} both direction is likely , but i think will take more than a day to clear up. i dont think u would want to sell in the middle of a uptrend. {image}
still no direction yet..
  • #23,325
  • Aug 15, 2013 2:26am Aug 15, 2013 2:26am
Quoting Sicarius
Anyone short USD/CAD or USD/JPY H4 trades
nope not yet. it has been 4 small red and 2 blue pattern on the he candles
  • #23,326
  • Aug 15, 2013 3:58am Aug 15, 2013 3:58am
Quoting emmanuel7788
{quote} farhad10, this chart you posted is a good lesson for all to check their higher TF candles to be in the direction of the higher TF pric e momentum. In the chart posted, every 6 x H4 candles will form a Day candle. So when you see a TDI cross up against several H4 candles, ask yourself what the Day candle is like before you trade H4 TDI cross against the Day candle. The same, you must see also the Weekly candle. When you want to trade against the Day candle or week candle, make sure there is enough room for you to take profit or scale-out...
Thanks for ur advices!

Appreciate them


You describe H4 conditions but sometimes H1 trend is opposite of H4! what should we do now?! ignore H1 trend and continue observing H4 and daily or also use the H1 signs that give us?!

The question is that if i want to trade in H4 TF, i should pay attention to H1 TF or no, just the daily and weekly TF?


And another question :


As the basis says the when green TDI go flat we should exit but in this picture go flat but the blue candles are continuing their trend and if exit, we lose pips! how can we find that we should not exit!?
Attached Image (click to enlarge)
Click to Enlarge Name: e-u weekly.GIF Size: 26 KB
  • #23,327
  • Aug 15, 2013 4:08am Aug 15, 2013 4:08am
Quoting emmanuel7788
{quote} AJ reached target 60% of 52 weeks average traded range... {image}
EMMAnuel bro ,is it possible to share your week open mentioned indicator.?thanks in advanced.
Say something meaningful or Silence!!
  • #23,328
  • Aug 15, 2013 4:16am Aug 15, 2013 4:16am
Long in UJ at LO since price was touching 200ema and closed now at BE cause I don't like PA.
  • #23,329
  • Aug 15, 2013 4:24am Aug 15, 2013 4:24am
Quoting farhad10
{quote} Thanks for ur advices! Appreciate them You describe H4 conditions but sometimes H1 trend is opposite of H4! what should we do now?! ignore H1 trend and continue observing H4 and daily or also use the H1 signs that give us?! The question is that if i want to trade in H4 TF, i should pay attention to H1 TF or no, just the daily and weekly TF? And another question : As the basis says the when green TDI go flat we should exit but in this picture go flat but the blue candles are continuing their trend and if exit, we lose pips! how can we find...
Hi Farhad,

Whilst you wait for Emmanuel I thought I would give you my thoughts on the 1H time frame when your trading 4 Hour.

I believe you could you use the 1 Hour chart to fine tune your entry and reduce you draw back and stop loss.
Use the daily and weekly for s & r and trend.

I do the same thing with hourly ie 15 min to fine tune entry and 4 hour for trend and s & r.

I first started doing this when I realised my psychology cant cope with 50 or 100 pip stop losses, it also helps me increase my value per pip.

Hope you don't mind me giving you my opinion.

All the best

Adam
  • #23,330
  • Aug 15, 2013 4:35am Aug 15, 2013 4:35am
Hello guys,
Been following this thread for quite a long time. Reading all original Big E posts as well as those of Emmanuel and Phx62. Still sucking in all the info. Trying to demo TMS. Wann be successful with this strategy, i feel a strange feeling its mine, my intuition tells me. But i don't know what TF to stick- 1H or 4H. As for newbie its better 4H but i have only opportunity to check max 3 candles out of 6 per day. Is it worth? My time is GMT+3 so London session and start of NY are ideal for me as it is daytime in my region. And 1H TF is perfect to trade LO and NY for me. Will appreciate any advice on my dilemma.
Thank you guys for helping out other traders succeed!
  • #23,331
  • Aug 15, 2013 4:38am Aug 15, 2013 4:38am
Quoting emmanuel7788
EURAUD H1 trade 15 August: Took this trade when Tokyo open today. Previous Day candle close bearish and the H4 closed bearish with downward momentum. {image}
This EA trade that I posted earlier. It was H1 trade entry and now we can see how it develop itself into a H4 trade.
Look at D chart TF and see the big picture, there is a good 3-bar candlestick pattern. .
Post what you see in all different TFs H1> H4> D1 and learn why it important to look at multi-time when we trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD H1 trade 15 Aug TOK 15-8-2013 8-43-23 AM.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,332
  • Aug 15, 2013 4:38am Aug 15, 2013 4:38am
Quoting farhad10
{quote} Thanks for ur advices! Appreciate them You describe H4 conditions but sometimes H1 trend is opposite of H4! what should we do now?! ignore H1 trend and continue observing H4 and daily or also use the H1 signs that give us?! The question is that if i want to trade in H4 TF, i should pay attention to H1 TF or no, just the daily and weekly TF? And another question : As the basis says the when green TDI go flat we should exit but in this picture go flat but the blue candles are continuing their trend and if exit, we lose pips! how can we find...
Hello Farhad,

You could always check different time frames in making your decision. If H1 has a different trend than the H4 trend, this could mean that the H1 could be on a retrace. If they are both showing the same trend then we could says it's making a strong move.

In trading the H4, you could check the daily and the weekly TF for support and resistance levels. But in many cases, when the H4 has a TDI cross signal, usually the H1 TF already had a cross 3 hours earlier. So H1 could confirm your decision too.

Practice practice practice.... just like all of us and you'll succeed
  • #23,333
  • Aug 15, 2013 4:39am Aug 15, 2013 4:39am
Quoting adamjhdavis
{quote} Hi Farhad, Whilst you wait for Emmanuel I thought I would give you my thoughts on the 1H time frame when your trading 4 Hour. I believe you could you use the 1 Hour chart to fine tune your entry and reduce you draw back and stop loss. Use the daily and weekly for s & r and trend. I do the same thing with hourly ie 15 min to fine tune entry and 4 hour for trend and s & r. I first started doing this when I realised my psychology cant cope with 50 or 100 pip stop losses, it also helps me increase my value per pip. Hope you don't mind me giving...

Adam,

the same thoughts I have.
We are in CONFLUENCE... with Multi-TimeFrame analysis approach.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,334
  • Aug 15, 2013 5:02am Aug 15, 2013 5:02am
Thanks to all my dear friends for their excellent advices.


Another thing that i want to say is about the clock's angle of the Green TDI


I think in most conditions, if the slope of the green is deepr, then it show us that a long trend is to occur! am i right?!


As i depict in this picture
Attached Image (click to enlarge)
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  • #23,335
  • Aug 15, 2013 5:04am Aug 15, 2013 5:04am
Quoting emmanuel7788
{quote} AJ reached target 60% of 52 weeks average traded range... {image}
Hi Emmanuel,

So for cases like this where the 60% ''quota/target'' is reached, is there a new target/percentage that we should look out for ?

And in the case of Eur and cable where they ''bounced'' back to their weekly opening prices we would just stick to the original 60% again??

Thank you very much for your insights Sir.
  • #23,336
  • Aug 15, 2013 5:39am Aug 15, 2013 5:39am
i think it will break the trendline. no entry yet.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh4.png Size: 135 KB
  • #23,337
  • Aug 15, 2013 5:46am Aug 15, 2013 5:46am
Quoting tradefish
Long in UJ at LO since price was touching 200ema and closed now at BE cause I don't like PA.
I quote myself, should not have exited the trade....
  • #23,338
  • Aug 15, 2013 6:11am Aug 15, 2013 6:11am
EUR/CAD Long , LO might have just set the low of the day, break above inside bars, also I spotted an AB=CD pattern formation, so target is 127 extension , lets see what happens
Attached Image(s) (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #23,339
  • Aug 15, 2013 6:15am Aug 15, 2013 6:15am
Quoting tradefish
{quote} I quote myself, should not have exited the trade....

tradefish,

do you see PA bounce off 800EMA in M15?
do you see PA bounce off 200EMA in H1?
do you see PA bounce off 50EMA in H4?
do you see in PA bounce off 10EMA in D1?

Do you believe in the above?

perfect buy order!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,340
  • Aug 15, 2013 6:34am Aug 15, 2013 6:34am
Quoting emmanuel7788
{quote} tradefish, do you see PA bounce off 800EMA in M15? do you see PA bounce off 200EMA in H1? do you see PA bounce off 50EMA in H4? do you see in PA bounce off 10EMA in D1? Do you believe in the above? perfect buy order!

As I told before the reason for entry was the bounce off the 200ema in H1, but then I saw what I point in blue, double top and then the next candle opened and turned red as it went below yesterday's Low and Daily S1, so I didn't waited to the candle to close and closed the trade at BE. Not enough patience I supose....
Attached Image (click to enlarge)
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