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  • #23,461
  • Aug 16, 2013 10:55am Aug 16, 2013 10:55am
EU red , usd red...lots of confluences. at one time i thought we are going to break high. think we will ranging near 1.3325 and 1.3345 yet again.

off to bed
  • #23,462
  • Aug 16, 2013 11:01am Aug 16, 2013 11:01am
i still think EU will break high. 50- 100 pips above high max
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  • #23,463
  • Aug 16, 2013 11:04am Aug 16, 2013 11:04am
EUR/JPY long entry, reasons for entry are , double inside bar breakout , it seems that bull are in control, but because of wicks on both side I was very curios to close the trade as soon as it went against me, but pa kept pushing up so stayed into the trade until pa showed no direction, I moved stop loss to BE when I was + 19 pips and let it ride, instead I was stopped out at BE.
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I Have Learned to Take Some Losses to Make Profits
  • #23,464
  • Aug 16, 2013 11:28am Aug 16, 2013 11:28am
Quoting heispark
I'd like to buy EJ if it passes up 130.110.... May be a scalp. by that time, tdi would change beautifully. Bull shit?
EJ is hopeless today.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #23,465
  • Aug 16, 2013 11:33am Aug 16, 2013 11:33am
AUDUSD 1H Set Up

Just entered for a quick 10-15 pips. Will exit soon.
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  • #23,466
  • Aug 16, 2013 11:37am Aug 16, 2013 11:37am
Quoting farhad10
{quote} adamjhdavis! no bro, i got your meaning, don't worry u mean that u urself always wait for that point and then enter the position? or no, this is just for beginner traders? regards
Ok nice one

I will usually wait for them to match so I can stay the trade longer, however if I think its good for a twenty pip scalp I wont worry quite so much.
  • #23,467
  • Aug 16, 2013 11:40am Aug 16, 2013 11:40am
Quoting tradefish
{quote} Here are the grafs of the trade. In both of them price is bouncing off the 200ema. I enter at the close of the first red candle in m15, maybe it's a little too late and I may have entered when price drops below last white candle, but I wanted to confirm the movement.... Then move SL after reaching 20 pips and it takes me out 3 hours later. That's all. {image} {image}
Nice try I believe. I joined late at full back and out manually when it went against me wit small loss.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #23,468
  • Aug 16, 2013 11:59am Aug 16, 2013 11:59am
thanks lastingwell and tankokjian

I enter after the red news released, 1.3633

yes, I guess I missed the point of ATR is too small and ranging today
  • #23,469
  • Aug 16, 2013 12:00pm Aug 16, 2013 12:00pm
Hi, I see a Bearish Outside Bar 'BEOB' on the EU H4. Normaly a sell sign.
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  • #23,470
  • Aug 16, 2013 1:30pm Aug 16, 2013 1:30pm
Quoting Oaktree
Hi, I see a Bearish Outside Bar 'BEOB' on the EU H4. Normaly a sell sign. {image}
If we sell here we are selling at swing low, where we should be looking for buying from swing low

BEOB would be very good candle formation if taken at support and resistance ie BEOB at swing high for sell and BEOB at swing low for buy

Look at the chart , hope I explain it right though

Regards
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I Have Learned to Take Some Losses to Make Profits
  • #23,471
  • Aug 16, 2013 2:58pm Aug 16, 2013 2:58pm
I have realised that I am having issues with PA. I get the support and resistance zones and am always confused whether the price will break or not. And my decisions have always been wrong....
I saw the xman thread using the shi channel. Will try that for the zones....
Is that effective?
Come tomorrow, I'll wake up new
  • #23,472
  • Aug 16, 2013 3:29pm Aug 16, 2013 3:29pm
Quoting gsbharaj
I have realised that I am having issues with PA. I get the support and resistance zones and am always confused whether the price will break or not. And my decisions have always been wrong.... I saw the xman thread using the shi channel. Will try that for the zones.... Is that effective?
Starts here, read on Price Action and use that in TMS

http://forums.babypips.com/free-fore...ce-action.html
I Have Learned to Take Some Losses to Make Profits
  • #23,473
  • Aug 16, 2013 4:23pm Aug 16, 2013 4:23pm
does 200EMA shift 0 means that moving average 200 exponential and applied to close?
Come tomorrow, I'll wake up new
  • #23,474
  • Aug 16, 2013 5:29pm Aug 16, 2013 5:29pm
Quoting erod84
{quote} Hello Phx62, Very inspiring trades as usual. I have been following your posts and wanted to say a huge thank you publicly, you have definitely put me on the correct track to trading TMS. Could you confirm with me on your 15m chart, did you base trade #3 on the red reversal candle as shown on the chart attached? I didn't see any color change on 1 hour. Just the strong price rejection at resistance. No red candles though. {image}
I entered the trade based on the pullback bar formation on the H1 chart.....the setup candle pulled back a long ways and when the entry candle opened, the TDI crossed over and I entered shortly after the open of that candle......If you go back and read some of my previous posts, I explain how dependable pullback candle formations are and once that setup candle pulled back, I was confident that the high of the session had been set and price would move down from there. Price had broken resistance (white line) but could not hold the position and moved right back down below the resistance area.....my entry should have been placed as price moved back below the white line but I was not at my computer then. The M15 chart was not considered in this trade.
  • #23,475
  • Aug 16, 2013 5:46pm Aug 16, 2013 5:46pm
Quoting Fx-optimus
{quote} Posts are flying very fast here. I don't know you see back on posts to respond. Still I take a chance. I find your entries were made on the same candle of green crossing red (Is this you call LO?). How do you know this move will go? The market can also reverse in the same candle. The EA that you are using makes the entry exit or is it managing your manual order for BE/TP? Please let me know in which post I can find. After reading lot of post I made entries in my live account in H4. Most of the orders move about +50 and returns back to BE...
LO refers to the opening of the London session.....LO = London Open.....
The TDI is very dependable on the H1 and H4 time frames....when the green crosses at a sharp angle, price will usually follow suit.....if you want to be confident of that, pull up some old charts and backtest how many times price follows through.....it will surprise you how many times it does.....in my notes somewhere I have the numbers to verify that.
I can preset the EA to enter a SL and a TP at any level....I currently have it set to enter a 50 pip TP and a 50 pip SL when I open any trade (I open all trades, the EA does not open trades), then I can adjust those levels as the trade progresses.
On the EJ H1, when the ADR is above 100 or 110, a 50 pip move happens quite often, especially during the London session....that is why I start with a 50 pip TP.
I have 4 pairs on my charts and I decide which one to trade based on the ADR of each pair and what news releases my cause price on that pair to move....I do not trade the news.....I wait for 15 to 30 minutes following news releases before entering. The pairs I have on my chart are the EJ, EU, GU, AU......and I normally only trade one of those pairs at a time.
I learned to trade successfully by focusing on one pair only for a year and a half (EU). I studied and learned everything I could about how that pair moved and what times to trade and backtested and forward tested with the TDI and price action (candle formations, etc) until I understood when to enter a trade and when to stay out of a trade. The ADR on the EU dropped significantly, so I moved to the EJ and AU....and learned all I could about them.....I now trade the EJ because of the higher ADR most of the time.
  • #23,476
  • Aug 16, 2013 5:51pm Aug 16, 2013 5:51pm
Quoting lastingwell
Had a good day yesterday, helped by news of course On the 100 pip AU trade I originally had my take profit set at 50 pips but it was moving so well I decided to move 10 pips behind the m15 candle with a 100 pip tp which it reached. {image} {image}
Nice trading Clone.....
  • #23,477
  • Aug 16, 2013 6:32pm Aug 16, 2013 6:32pm
Quoting Arete
{quote} I took the exact same three trades, to the pip almost, i still don't understand how Phx62 wasn't stopped at BE on the same EJ Long trade though. Good trading, you seem to of come along well recently
Look at my chart again....I was stopped out on the one long trade.....
  • #23,478
  • Aug 16, 2013 6:40pm Aug 16, 2013 6:40pm
This is a free E Book from Dean Malone the inventor of the TDI.
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File Type: pdf TDI_Tradestation.pdf   1.1 MB | 4,590 downloads
When I Buy Price Short, When I Sell Price Goes Long.
  • #23,479
  • Aug 16, 2013 6:58pm Aug 16, 2013 6:58pm
Quoting Pervis
{quote} Hello Phx, Thanks for quick reply, but I'm referring to the second trade (start of LO session). {image}
London Open is a unique time to trade.....that is the only time I would trade on a candle like that......I have spent lots of hours studying how price moves around the London Open and occasionally will enter based on what I have learned.....in this case, I did have TDI confirmation and except for the long wick on the bottom, a good setup......I guess my answer would be, I entered based on past experience......
  • #23,480
  • Aug 16, 2013 8:26pm Aug 16, 2013 8:26pm
Quoting gsbharaj
does 200EMA shift 0 means that moving average 200 exponential and applied to close?


gsbharaj,

The answer is NO. The shift in the MA is a parameter on its own.

http://www.investopedia.com/terms/d/...ingaverage.asp


Following all your posts, I suggest you go back to babypips.com School of Pipsology and revise all the topics taught and have a solid grounding first.

http://www.babypips.com/school/eleme...ving-averages/
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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