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  • #24,461
  • Sep 1, 2013 7:49pm Sep 1, 2013 7:49pm
Good morning everyone.

I work with the ususal 9 to 5 job. I check candles every four hours. I trade h4 and the london session. Now what should I do if I find that its not candle 1 or 2 at the london open crossover of the tdi. Usually a new candle is formed one hour after the london open.

And yes emmauel I want to be profitable this month. I will not use bollinger band.
Come tomorrow, I'll wake up new
  • #24,462
  • Sep 1, 2013 11:23pm Sep 1, 2013 11:23pm
Quoting emmanuel7788
{quote} Hi Dalytec, I think you mean the trade manager EA called Multi Purpose Trade Manager or MPTM its better known shortname. Several posts were made here in this thread. Use the forum search with keyword "MPTM" and you will see 48 posts made so far. The post with MPTM link is here in post# 16,161. regards, EMMANUEL

Actually, the one I am asking for was shared by you. You described it as an EA helping you to move your stop loss automatically.
  • #24,463
  • Sep 2, 2013 12:03am Sep 2, 2013 12:03am
Quoting munirpt
{quote} Good analysis TheScorpS. What you could add is a filter for entering a counter trend(plan B). Since the trend is down, if you get the short signal, you can get in. For entering the long signal(since its counter trend), you need to make sure you have some extra confirmation (could be TDI cross above MBL, could be break of structure, could be breakout of resistance and then Resistance becomes Support confirmation, could be double bottom divergence at structure...) just my 5 cents.. :-)
Thanks very good tips, what I will do now is even look further in Daily and 4H for setup to confirm with H1 entry , S&R, candle formation, TDI crossing up or below 50 line and its relation to MBL line

Armacom, these analysis can help us learn to plan, if you guys post your view and planning when time allows you to, pls do so, we can learn a lot

Thanks a lot
I Have Learned to Take Some Losses to Make Profits
  • #24,464
  • Sep 2, 2013 1:23am Sep 2, 2013 1:23am
Quoting gsbharaj
Good morning everyone. I work with the ususal 9 to 5 job. I check candles every four hours. I trade h4 and the london session. Now what should I do if I find that its not candle 1 or 2 at the london open crossover of the tdi. Usually a new candle is formed one hour after the london open. And yes emmauel I want to be profitable this month. I will not use bollinger band.
Follow the rules, you can't bend them to suit work life unfortunately.

Can you not find a broker with a 4H candle that fits better with your schedule?
  • #24,465
  • Sep 2, 2013 1:35am Sep 2, 2013 1:35am
Good Morning everybody,

I want to share how I see EURUSD this morning. On the daily chart I highlited a range where former resistance has turned in support. Three times price tried to break this support So by seeing the H4 blue candle breaking the 4h IB I decided to go long at 1.3240 . Stop loss about 50 pips. First target 1.3400, second target 1.3600. I think a good RR ratio.
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  • #24,466
  • Sep 2, 2013 2:50am Sep 2, 2013 2:50am
Hi Emmanuel

I would like to ask you about left skew and right skew which Rick explained to us, I saw this GBP/JPY candle formation and fib retracement and thought to my self that this could be a candidate for right skew, can you confirm if it was indeed the right candidate

As I remember rick said there must not be more than 2 candle retracement, and then if B candle is broken, entry 1 pip above B and Stop loss 1 pip below previous candle which in this case last bear candle

Thanks
Attached Image(s) (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #24,467
  • Sep 2, 2013 3:03am Sep 2, 2013 3:03am
emmuel sir i took two trades today. you can see my journal here and guide me if my entries were correct.

and one more thing. i started my trades 4 hours before london open as i saw the crosses. but if i would have waited till that time then i would have missed the opportunity. i am just confused about the time to trade now.
Come tomorrow, I'll wake up new
  • #24,468
  • Sep 2, 2013 3:04am Sep 2, 2013 3:04am
Quoting TheScorpS
Hi Emmanuel I would like to ask you about left skew and right skew which Rick explained to us, I saw this GBP/JPY candle formation and fib retracement and thought to my self that this could be a candidate for right skew, can you confirm if it was indeed the right candidate As I remember rick said there must not be more than 2 candle retracement, and then if B candle is broken, entry 1 pip above B and Stop loss 1 pip below previous candle which in this case last bear candle Thanks {image} {image}

Hi Scorps,

Sorry to butt in but I also watched the workshop, I have a couple of screen shots I could email to you if you like! maybe answer your question.

Right skew is when retracement is less than 50% and the candle count to break ab is less than the retracement.... the fewer the candles the stronger the trend if i recall correctly.

Regards

Adam
  • #24,469
  • Sep 2, 2013 3:08am Sep 2, 2013 3:08am
Quoting TheScorpS
Hi Emmanuel I would like to ask you about left skew and right skew which Rick explained to us, I saw this GBP/JPY candle formation and fib retracement and thought to my self that this could be a candidate for right skew, can you confirm if it was indeed the right candidate As I remember rick said there must not be more than 2 candle retracement, and then if B candle is broken, entry 1 pip above B and Stop loss 1 pip below previous candle which in this case last bear candle Thanks {image} {image}

TheScorpS,
Your question came at the right time as I am online with my team and discussing the JPY pairs since Sydney open today. There were several breakout opportunities as we now see them in hindsight. Those of you who were in Rick webinar whoudl have seen them before hand ... the ABCD formation patterns.

See my chart attached below:


Attached Image (click to enlarge)
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To qualify as a Right Skew, there must first be a good wave pattern A-B and there must not be more than 3 candles between point B and point C, then the breakout candle immediately following the candle which form point C must be only one candle showing strong momentum to break above point B.

Although this being not the case, but the H4 setup was nice with PA breaking out above the PAC and below we see the TDI cross and is above the MBL.

This is a A+++ trade setup. But there is a risk and I hope some of the people saw that risk.

Hope this is clear as how I had learned.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,470
  • Sep 2, 2013 3:15am Sep 2, 2013 3:15am
Quoting adamjhdavis
{quote} but I also watched the workshop
Which workshop is it? I think Scorp also referred to some recording earlier. Thanks.
  • #24,471
  • Sep 2, 2013 3:18am Sep 2, 2013 3:18am
EU week 36 H4:

Hope no one buy EU on H4 yet. Careful with this one today.
PATIENCE ... we do not pick top and bottom.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,472
  • Sep 2, 2013 3:20am Sep 2, 2013 3:20am
Quoting dalytec
{quote} Actually, the one I am asking for was shared by you. You described it as an EA helping you to move your stop loss automatically.

That is MPTM which is the only one I use.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,473
  • Sep 2, 2013 3:23am Sep 2, 2013 3:23am
Quoting emmanuel7788
EU week 36 H4: Hope no one buy EU on H4 yet. Careful with this one today. PATIENCE ... we do not pick top and bottom.
Hi Emmanuel,

I did so, I explained why in e few posts above 24468, we will see. I set my stop loss and I will keep to it.
  • #24,474
  • Sep 2, 2013 3:25am Sep 2, 2013 3:25am
Quoting emmanuel7788
{quote} I am online with my team .
Good morning Emmanuel,

How does one join the team? (I understand you have a team that communicates in real time via Skipe or whatever?)

Thanks
  • #24,475
  • Sep 2, 2013 3:29am Sep 2, 2013 3:29am
Quoting Pipsmurfer
{quote} Hi Emmanuel, I did so, I explained why in e few posts above 24468, we will see. I set my stop loss and I will keep to it.

Hi Pipsmurfer,

Oops... now I see your post above.
You see support for your trade setup, that is good.
There is consolidation and a Master Candle is showing.

I am conservative trader and I must see reversal setup on D and H4 before I make a decision. I am holding to my sell positions. Therefore I am biased. please don't listen to me.
regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,476
  • Edited 3:48am Sep 2, 2013 3:34am | Edited 3:48am
Quoting MidnightRun
{quote} Good morning Emmanuel, How does one join the team? (I understand you have a team that communicates in real time via Skipe or whatever?) Thanks
My team is a private group of active TMS traders.
Currently we are focus in system development and we no longer accept any new members into the group until our project is completed.

Please use PM instead of asking in this thread. Thanks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,477
  • Sep 2, 2013 3:35am Sep 2, 2013 3:35am
Quoting emmanuel7788
{quote} Hi Pipsmurfer, Oops... now I see your post above. You see support for your trade setup, that is good. There is consolidation and a Master Candle is showing. I am conservative trader and I must see reversal setup on D and H4 before I make a decision. I am holding to my sell positions. Therefore I am biased. please don't listen to me. regards, EMMANUEL
It is indeed an countertrade against de Daily chart, I saw that and accepted the risk. Your comment lays the finger on my painful spot, Impatient.......
I hope I once become so conservative as You. ....

Thanks for the comment,
  • #24,478
  • Sep 2, 2013 4:00am Sep 2, 2013 4:00am
Quoting MidnightRun
{quote} Which workshop is it? I think Scorp also referred to some recording earlier. Thanks.

It was the one by Rick at protrader network, look back to last Thursday ish posts he mentions it there
  • #24,479
  • Sep 2, 2013 4:09am Sep 2, 2013 4:09am
Nice move by EURAUD. I have all the three time frames H4, Daily and Weekly in red(Green cross red) shown by TDI histogram.

Fx..
Attached Image (click to enlarge)
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  • #24,480
  • Sep 2, 2013 4:27am Sep 2, 2013 4:27am
Quoting adamjhdavis
{quote} Hi Scorps, Sorry to butt in but I also watched the workshop, I have a couple of screen shots I could email to you if you like! maybe answer your question. Right skew is when retracement is less than 50% and the candle count to break ab is less than the retracement.... the fewer the candles the stronger the trend if i recall correctly. Regards Adam
I will pm you my mail, pls check later on, thanks for your help, always appreciate it

Emmanuel

Thanks for your explanation about the trade setup GBO/JPY, I saw the setup on the H1, but ended up taking AUD/USD long and exited at BE +2 , I am waiting to re watch the webinar, and back test the formation even more
I Have Learned to Take Some Losses to Make Profits
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