Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #24,001
- Aug 23, 2013 2:33pm Aug 23, 2013 2:33pm
- Joined Nov 2008 | Status: Trader | 50,253 Posts | Online Now
- #24,003
- Aug 23, 2013 2:47pm Aug 23, 2013 2:47pm
- Joined Nov 2008 | Status: Trader | 50,253 Posts | Online Now
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #24,004
- Aug 23, 2013 8:52pm Aug 23, 2013 8:52pm
{quote} gsbharaj, Please tell me what are your paramters used to define a good trend. I can program one for you. regards, EMMANUEL
Come tomorrow, I'll wake up new
- #24,005
- Aug 23, 2013 9:49pm Aug 23, 2013 9:49pm
- Joined Nov 2012 | Status: Trader | 2,339 Posts
Thanks Armacom , its nice from you, I appreciate it, have a nice weekend too
I Have Learned to Take Some Losses to Make Profits
- #24,006
- Aug 23, 2013 10:04pm Aug 23, 2013 10:04pm
- Joined Nov 2008 | Status: Trader | 50,253 Posts | Online Now
{quote} i will be using the HA candles. so i was expecting that i could get a indicator which will point at candle stick patterns like buy,sell or reversal patterns. just an aid in my analysis.. thanks a lot
http://www.forexfactory.com/showthread.php?t=329399
Study them and develop your own rules for entry and exit using the SuperTrend and the HA.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #24,007
- Aug 24, 2013 1:10am Aug 24, 2013 1:10am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
Hi Emmanuel and all the honorable members,
I though to make available these 2 charts explaining how am trying to read the language of Price Action and how I practice everyday now and hope what am doing is correct or I need a lot of things to be fixed and still in the mid way to the top of Everest
I prepare these charts as a way how I notice PA moves, so what am doing now is trying to understand the language of HIGHER HIGH - HIGHER CLOSE AND LOWER LOW LOWER CLOSE
If we are trending as I noticed, when PA makes a higher high , higher close, after the moved is confirmed, pa head to test the previous low or higher low, when pa find support, next move is to make a higher high and higher close , I guess this is basic stuff, but I have just comes to feel it and maybe understand it
And the same goes for lower low and lower close, in trending market, if pa makes a lower low and lower close, pa then rotate back and test the previous structure high ie lower high, and if pa find resistance there, then pa heads to make a new lower low, lower close
Charts below are from yesterday price action for EUR/USD and AUD/USD 1H chart, please feel free to critique, am here to make as much as possible of trials and errors and then to learn, thanks you for you time , have a nice weekend
and don't forget the CHARTS
I though to make available these 2 charts explaining how am trying to read the language of Price Action and how I practice everyday now and hope what am doing is correct or I need a lot of things to be fixed and still in the mid way to the top of Everest
I prepare these charts as a way how I notice PA moves, so what am doing now is trying to understand the language of HIGHER HIGH - HIGHER CLOSE AND LOWER LOW LOWER CLOSE
If we are trending as I noticed, when PA makes a higher high , higher close, after the moved is confirmed, pa head to test the previous low or higher low, when pa find support, next move is to make a higher high and higher close , I guess this is basic stuff, but I have just comes to feel it and maybe understand it
And the same goes for lower low and lower close, in trending market, if pa makes a lower low and lower close, pa then rotate back and test the previous structure high ie lower high, and if pa find resistance there, then pa heads to make a new lower low, lower close
Charts below are from yesterday price action for EUR/USD and AUD/USD 1H chart, please feel free to critique, am here to make as much as possible of trials and errors and then to learn, thanks you for you time , have a nice weekend
and don't forget the CHARTS
I Have Learned to Take Some Losses to Make Profits
- #24,008
- Aug 24, 2013 3:05am Aug 24, 2013 3:05am
{quote} Good Morning! Dude this setup was not for me
I didn't really see it as consolidation at that time, but what you said at #3
#3 - Ask yourself, where is the first likely spot my trade is going to meet a possible trouble area? Here your going to meet it almost immediately because of the zone.
Noted on my sheet with pre and post analysis
Don’t ever let someone tell you that you can’t do something.
- #24,009
- Aug 24, 2013 3:13am Aug 24, 2013 3:13am
- | Joined Feb 2010 | Status: Saved by Grace | 270 Posts
{quote} gsbharaj, Please tell me what are your paramters used to define a good trend. I can program one for you. regards, EMMANUEL
Thanks for this great thread. I noticed that there are many great coders and people who want to help here so I thought I would run an idea by you guys (especially emmanuel).
I have noticed that if the number of same colour HA candles goes anywhere above 20 (on any timeframes really) then there is a high probability of a reversal entry using the TDI cross entry.
To show what I mean see on the 4Hr USD/CAD chart below we had a run of 25 consecutive HA candles marked by the thick white line, followed by a nice reversal.
I wonder if any coding wizards could code a dashboard showing number of consecutive Heiken Ashi candles and their colour on different timeframes. The below number are just an example, but something like this:
5m 15m 1H 4H
EURUSD 4 7 3 1
GBPUSD 12 3 1 1
USDCAD 5 9 2 25
I think an indicator like this would have a number of benefits, such as, being able to quickly visually see which TF's and pairs have had an overextended run of HA candles and being able to take high probability trades on the cross of the TDI, but also being able to see quickly which pairs have a '1' count to show possible trend reversals.
An alert/email for when a pair reaches over a user chosen amount (for example 20) of consecutive candles would also be helpful when we are away from computer and only have our phone.
Anyway it's just an idea I have to add another weapon to this great system. Let me know what you guys think. If I was better at coding I would do it myself, but I cant quite seem to get the code right for the HA stuff.
Many thanks
Jimmy
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
- #24,010
- Aug 24, 2013 4:04am Aug 24, 2013 4:04am
- Joined Oct 2012 | Status: Trader | 1,813 Posts
{quote} Hello, Try, http://www.protradenetwork.com/faq/ Go down the page until you see download link for the free EMA&TDI Indicators.
- #24,011
- Aug 24, 2013 5:04am Aug 24, 2013 5:04am
like the buy and the sell arrows {image}
Here you go, 2 Indicators with Arrow Signals.
- #24,013
- Aug 24, 2013 9:50am Aug 24, 2013 9:50am
Well I will be trading the 4 hour charts. So my question is what is the the best way to look at the trend? H15 or h1
For the 4H time frame you look at the daily and weekly charts
I know I am not the first one to tell you this but I think your knowledge about basic forex stuff is really insufficient .. You should really consider reading everything at babypips.com or a site offering the same kind of info .. I don't tell you this in a mean way, but really only to help you
EDIT: Emmanuel talked about it in this post
Have a nice weekend !
Don’t ever let someone tell you that you can’t do something.
- #24,014
- Aug 24, 2013 9:55am Aug 24, 2013 9:55am
{quote} if you trade 4H charts, you look to Higher time frames .. Lower time frames Can be used to pinpoint your entry, but Always look to higher time frames for the trend. For the 4H time frame you look at the daily and weekly charts
Come tomorrow, I'll wake up new
I shall ask again. I need help in loading the TDI indicators from my desktop onto my Meta 4 traders platform. I am not computer savvy in such things but i am no dummy. If someone would be so kind as to tell me how to do this or where online I can go that will walk me through the process I would be eternally grateful. I desperately want to get the TDI system downloaded to my trading platform. Thanks in advance.
Google gave more than enough results.
Inserted Video
Remember to backtest , and keep a journal entry of every trade so that you can improve.
Dragon Rider
- #24,018
- Aug 24, 2013 11:01pm Aug 24, 2013 11:01pm
- Joined Nov 2008 | Status: Trader | 50,253 Posts | Online Now
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #24,019
- Aug 24, 2013 11:14pm Aug 24, 2013 11:14pm
- Joined Nov 2008 | Status: Trader | 50,253 Posts | Online Now
Hi Emmanuel and all the honorable members, I though to make available these 2 charts explaining how am trying to read the language of Price Action and how I practice everyday now and hope what am doing is correct or I need a lot of things to be fixed and still in the mid way to the top of Everest
It is good exercise to do this post mortem review and learn from it.
However, please not that some indicators only work with realtime chart data and do not work in back-testing mode.
When market goes into narrow range, trading H1 becomes more difficult.
The L-H, HH - HL or H-L>LH -LL become less distinct.
This is where going down to LTF like M15 will be help. Price and TDI divergence in M15 is common way to get some good entries, plus when PA show price pulls away from the RN 00, 25, 50 and 75 levels supported by H1 and H4 candlestick patterns like IB, OB ,PB, DBLHC, DBHLC... usually give good trades with small SL 20pips.
Also when trading H1 intraday, the recent average trading range is important and to use that to set target TP.
regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #24,020
- Edited 11:33pm Aug 24, 2013 11:18pm | Edited 11:33pm
- Joined Nov 2008 | Status: Trader | 50,253 Posts | Online Now
{quote} Hi guys, Thanks for this great thread. I noticed that there are many great coders and people who want to help here so I thought I would run an idea by you guys (especially emmanuel). I have noticed that if the number of same colour HA candles goes anywhere above 20 (on any timeframes really) then there is a high probability of a reversal entry using the TDI cross entry. To show what I mean see on the 4Hr USD/CAD chart below we had a run of 25 consecutive HA candles marked by the thick white line, followed by a nice reversal. {image} I wonder...
Hi Jimmy,
A fresh idea always get me into my thinking cap.
If 50 people here post and tell me that this is good and explain how this will help them with good entry and exits, I will invest some time and study this and work to code this into a dashboard.
We shall see.
regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett