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Trading Made Simple

  • #24,081
  • Aug 26, 2013 9:37am Aug 26, 2013 9:37am
Quoting Dabbeljoe
{quote} I went long on NU, +30 pips now and still going up. :-)
Cooool !
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #24,082
  • Aug 26, 2013 10:25am Aug 26, 2013 10:25am
i want to know that why my this trade failed? it was a TDI setup. i entered after the cross and went away for four hours. and when i returned it had taken out my stop loss...
here is the trade when i started
Quoting gsbharaj
trade taken eur/aud long. looking to grab 20 pips... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB
Come tomorrow, I'll wake up new
  • #24,083
  • Aug 26, 2013 10:43am Aug 26, 2013 10:43am
Quoting gsbharaj
i want to know that why my this trade failed? it was a TDI setup. i entered after the cross and went away for four hours. and when i returned it had taken out my stop loss... here is the trade when i started {quote} {image}
The only cross up that I see on the H4 is the one last friday. But even then it was not a really great move up. If you check on the daily, the trend was going down. I've learned that trading against the trend on the longer TF (daily here) is very tricky. The daily in this case is going down. See the picture below of the H4 and daily.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2013-08-26 om 17.37.18.png Size: 23 KB
Click to Enlarge Name: Schermafbeelding 2013-08-26 om 17.37.32.png Size: 23 KB
  • #24,084
  • Aug 26, 2013 10:47am Aug 26, 2013 10:47am
Quoting Dabbeljoe
{quote} The only cross up that I see on the H4 is the one last friday. But even then it was not a really great move up. If you check on the daily, the trend was going down. I've learned that trading against the trend on the longer TF (daily here) is very tricky. The daily in this case is going down. See the picture below of the H4 and daily. {image} {image}
ok so it means that i am plagues with going against the trend in every trade i take. need to look at the trend more often. thank you
Come tomorrow, I'll wake up new
  • #24,085
  • Aug 26, 2013 11:02am Aug 26, 2013 11:02am
hi gsbharaj,

look this link about currencies correlation.
At 14.30, italian time, US news push up AUD/USD and, at the same time, push down EUR/AUD....
there is a negative correlation between aud/usd and eur/aud, how can you see in the link below:

http://www.forexticket.us/en/tools/01-01-correlation

frank
  • #24,086
  • Aug 26, 2013 11:06am Aug 26, 2013 11:06am
Hi TMS 's

The markets a bit slow today mayb because of another Bank Holiday here in the UK

A couple of possible trades i'm looking at:

USD / CHF i'm waiting for a pullback to the last significate (candle) on the daily around the 0.91435 level then it could be shooting for the stars, afew pips available on the way down to this level of course.


2nd GBP/CAD is at a yearly high and ranging between 1.6400 and 1.6200 (remember buy on the low and sell on the high) if it breaks lower than 1.6200 then i mite see ya at the bottom gd luck lol


3rd I've entered gbp / nzd at 1.98659

just sharing my thoughts happy pipping!!
  • #24,087
  • Aug 26, 2013 12:21pm Aug 26, 2013 12:21pm
AUD /USD short , good for 12 pips or so

Also I entered EUR/JPY had faith in this trade but ended up taken me out at BE
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Aud.jpg Size: 233 KB
Click to Enlarge Name: JPY.jpg Size: 222 KB
I Have Learned to Take Some Losses to Make Profits
  • #24,088
  • Aug 26, 2013 12:38pm Aug 26, 2013 12:38pm
Quoting frank_seb
hi gsbharaj, look this link about currencies correlation. At 14.30, italian time, US news push up AUD/USD and, at the same time, push down EUR/AUD.... there is a negative correlation between aud/usd and eur/aud, how can you see in the link below: http://www.forexticket.us/en/tools/01-01-correlation frank
currencies correlation is quite complex. sometimes correlation can be +1 on one day and 0 on another.
  • #24,089
  • Aug 26, 2013 1:13pm Aug 26, 2013 1:13pm
Quoting Pippopotamus
{quote} Very good advice, IMHO. Two inds. that I find useful in judging candles: Keltner Bands, and Atr&CandelLength. Given below... The latter will identify long/short candles. The Keltners sharpen the perspective, meaning, that at times candles of normal length, other than showing indecision, are no more informative than short candles...think Doji! So, if the HA body closes within Keltners, I take no action... Just wait for next candle. I trade D1, TDI crosses, judging candles closely... Don't use much else except location of price within Fibo...
Hi,

Can you post your APB indicator?

Seems different to the others.
  • #24,090
  • Aug 26, 2013 1:29pm Aug 26, 2013 1:29pm
Currencies correlation : gbp/nzd --------- nzd/usd -------------------- match same candles opposite direction

just an observation
  • #24,091
  • Aug 26, 2013 1:43pm Aug 26, 2013 1:43pm
Quoting Armin2Forex
Currencies correlation : gbp/nzd --------- nzd/usd -------------------- match same candles opposite direction just an observation
here check out all the currencies correlation
http://www.myfxbook.com/forex-market/correlation


i am trading usdinr pair and its giving me some profit.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB
Come tomorrow, I'll wake up new
  • #24,092
  • Aug 26, 2013 1:51pm Aug 26, 2013 1:51pm
my eur/usd trade was taken out because usd suffered today. aud/usd went up and my trade went down.
Come tomorrow, I'll wake up new
  • #24,093
  • Aug 26, 2013 2:09pm Aug 26, 2013 2:09pm
Quoting emmanuel7788
{quote} classy, Please look for the indicator #Fibo Prev Week in the attachments of this thread. Use the forum paper clip feature. Use that indicator and create your own chart template. You need to be active in this thread to learn to trade TMS. Post your chart. regards, EMMANUEL
Emmanuel bro thanks a lot for your reply.i am in learning stage here is my chart n set up i know tdi and big e's temp is enough for TMS but i use macd self moded n 2 extra ma just to add more edge...i follow pa sar 4 hrs ..1 hrs..daily tdi and 15 min chart to entry some time.... img{not trade time)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eusd 27 au13 long.png Size: 85 KB
Click to Enlarge Name: gusd 27 aug long.png Size: 87 KB
Click to Enlarge Name: ausd 27 aug long.png Size: 87 KB
Say something meaningful or Silence!!
  • #24,094
  • Aug 26, 2013 4:15pm Aug 26, 2013 4:15pm
I have a difficult time being by my PC at crucial times. I have MT4 on my smart phone has anyone made a mobile version of TMS that will work with MT4 on android?

Thanks in advance :}
  • #24,095
  • Aug 26, 2013 4:47pm Aug 26, 2013 4:47pm
hello ALL!
Does anyone know how to write a code that can draw horizontal line on both high/low of a particular candle and one that can draw a horizontal line on both the open and close of a candle .

thanks one thanks all!!!!
Enter Signature
  • #24,096
  • Aug 26, 2013 5:05pm Aug 26, 2013 5:05pm
Quoting jodwayne
I have a difficult time being by my PC at crucial times. I have MT4 on my smart phone has anyone made a mobile version of TMS that will work with MT4 on android? Thanks in advance :}
Hi jodwayne,

As far as I know, Android MT4 does not support Custom Indicators. You wont find the HA or TDI for Android MT4.
But you can use the standard RSI and create the TDI on Android.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,097
  • Aug 26, 2013 5:06pm Aug 26, 2013 5:06pm
Quoting kbforex
hello ALL! Does anyone know how to write a code that can draw horizontal line on both high/low of a particular candle and one that can draw a horizontal line on both the open and close of a candle . thanks one thanks all!!!!

which candle? M15 or H1 or H4 of D1 ....

I can imagine if we do this for M15, then we have a chart filled with lines .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,098
  • Aug 26, 2013 5:07pm Aug 26, 2013 5:07pm
Quoting jodwayne
I have a difficult time being by my PC at crucial times. I have MT4 on my smart phone has anyone made a mobile version of TMS that will work with MT4 on android? Thanks in advance :}


Quoting emmanuel7788
{quote} Hi jodwayne, As far as I know, Android MT4 does not support Custom Indicators. You wont find the HA or TDI for Android MT4. But you can use the standard RSI and create the TDI on Android. regards, EMMANUEL

see Post# 15548
  • #24,099
  • Aug 26, 2013 5:26pm Aug 26, 2013 5:26pm
Quoting classy
{quote} Emmanuel bro thanks a lot for your reply.i am in learning stage here is my chart n set up i know tdi and big e's temp is enough for TMS but i use macd self moded n 2 extra ma just to add more edge...i follow pa sar 4 hrs ..1 hrs..daily tdi and 15 min chart to entry some time.... img{not trade time) {image} {image} {image}

classy,

Thanks for posting your charts.

The core of TMS is the TDI as the price momentum indicator and when use with the HA, the combination of the two form part of the edge in trading TMS.

MACD is a good trend indicator and I see you curve fit that to work along the TDI. But with more trading using just the TDI and price Action you will experience that the MACD become a lot less of a decision making factor. With fewer indicators in the sub-window, the better the trading results will become over a longer trading period.

Price movement and momentum is very important when we trade TMS and the reading of the PA using HA will lead the MACD. Try that and see which one give you more comfort in making trade decision.

Good Trading ahead.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,100
  • Aug 26, 2013 5:51pm Aug 26, 2013 5:51pm
EU week 35 ... 26 to 30 August:

4H swing traders -

After wide swings in June and July, EU went sideways for many days in August.
On the D1 chart, the TDI VB show a narrow range and I see this is potential for a breakout for the next big move. That would give a conservative trade range of between 220 and 260 pips. Just plan to capture 60% of that range.
Remember this week is the last week of the August MN candle.
September will be a new ball game.

Trade Well.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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