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Trading Made Simple

  • #27,421
  • Nov 11, 2013 8:46am Nov 11, 2013 8:46am
Quoting lastingwell
{quote} Some brokers differ with the start time of their day so the H4 candle close will look different.
Great to see u back!
Give yourself a chance and trade it like it's layed out...
  • #27,422
  • Nov 11, 2013 9:15am Nov 11, 2013 9:15am
I am currently still long EU and EJ.

Notice this divergence on EU 1Hr, So keeping close eye on PA!
Attached Image (click to enlarge)
Click to Enlarge Name: EU divergence.png Size: 23 KB
Give yourself a chance and trade it like it's layed out...
  • #27,423
  • Nov 11, 2013 9:29am Nov 11, 2013 9:29am
Quoting lastingwell
{quote} Some brokers differ with the start time of their day so the H4 candle close will look different.

Thanks lastingwell, that explains the different candles that I noticed.

cheers

Mark up.
Make sure that the light at the end of the tunnel is not an on coming train
  • #27,424
  • Nov 11, 2013 9:29am Nov 11, 2013 9:29am
Quoting Bizzzle
{quote} Great to see u back!

Thanks Bizzle, very good to be back
  • #27,425
  • Nov 11, 2013 9:44am Nov 11, 2013 9:44am
One trade today....EJ H1 entered long at LO following a cross of the TDI and a break above the Frankfurt candle. With some banks being closed and little news, it took a long time to reach the TP.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.11.11 ej h1.png Size: 39 KB
  • #27,426
  • Nov 11, 2013 10:43am Nov 11, 2013 10:43am
Hello all! One new TMS noob reporting. Just registered here after reading this thread for a while. There's still a lot catching up to do, but I figured why not give it a try. My first reported trade for your amusement. Please feel free to comment. Sorry for the pic, because i use MT4 only for charting purpose not trading.

SHORT GBPUSD 1,59814, STOP 1.59986
1. Daily direction down. Below MBL and recent crossing of RSI and red line (Trade signal line?)
2. H4 cross and MTF TDI indicator all red. Found no resistance at intraday S1
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4_tms.png Size: 71 KB
  • #27,427
  • Nov 11, 2013 2:15pm Nov 11, 2013 2:15pm
Hi, one more TMS noob here
Learning more and more every day. This was my first day demotrading. I maybe took to many trades? I am sticking to the rules in post 1: TDI cross or bounce trades.
Please check out my trades below and tell me if I have done anything good or bad. +127pips my first day. I am pretty sure it is pure luck for a noob like me.

http://charts.mql5.com/3/25/gbpcad-h...-prime-pty.png

http://charts.mql5.com/3/25/euraud-h...-prime-pty.png

http://charts.mql5.com/3/25/eurusd-h...-prime-pty.png

http://charts.mql5.com/3/25/eurnzd-h...-prime-pty.png

http://charts.mql5.com/3/25/eurcad-h...-prime-pty.png

http://charts.mql5.com/3/25/usdchf-h...rime-pty-2.png

http://charts.mql5.com/3/25/eurjpy-h...-prime-pty.png
  • #27,428
  • Nov 11, 2013 3:09pm Nov 11, 2013 3:09pm
LFN i can not see where u placed ur stop loss for these trades.

if you trade the H4 you will have quite a big SL (in Pips) compared to a lower timeframe something around 50-100 Pips i would guess. therefor if you take a trade an close it with just 5 pips ur Risk:Reward ratio is somewhere between 10-20:1

so if you have 10 winning trades with 5 Pips u wipe it out with just one loss with 50 Pips.
  • #27,429
  • Nov 11, 2013 3:38pm Nov 11, 2013 3:38pm
Quoting P1ps0mat
LFN i can not see where u placed ur stop loss for these trades. if you trade the H4 you will have quite a big SL (in Pips) compared to a lower timeframe something around 50-100 Pips i would guess. therefor if you take a trade an close it with just 5 pips ur Risk:Reward ratio is somewhere between 10-20:1 so if you have 10 winning trades with 5 Pips u wipe it out with just one loss with 50 Pips.
Thx for your feedback. I am quoting eelfranz about the stoploss:
In regards to stoploss:

I hate S/l trading. If you feel you want it the safest way is to place your S/L at the last hi or low a couple of candles back

I have not set a stoploss on this first trades, I have a lot of pages left reading in this thread but putting the SL at last high or low a couple of candles back might be something I will do. Maybe there has come up some new SL settings to use on the latest 400 pages. ATR7,14/Fractals/ has been discussed for SL. I am sure I will find them when I finish reading the thread.

I am also sticking to the exit rules on page 1 even if it only makes a few pips or even losing pips: Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.

Is it some even more effective Entry and Exit rules developed lately?
  • #27,430
  • Nov 11, 2013 4:46pm Nov 11, 2013 4:46pm
One trade from last night

Was too late for EJ trade so found this one on NZDUSD.
Took it as a TDI bounce trade, also break of the green pull back candle.
Initial stop 25pips. Set alarm to wake me when it reached the support area marked in blue..
Took profit, 25pip after second test of support but not breaking.

Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2013-11-12 at 11.43.00 AM.png Size: 35 KB
  • #27,431
  • Nov 11, 2013 7:03pm Nov 11, 2013 7:03pm
Quoting Phx62
One trade today....EJ H1 entered long at LO following a cross of the TDI and a break above the Frankfurt candle. With some banks being closed and little news, it took a long time to reach the TP.{image}
Hello, Sir

I took the same one but exited a bit early. I believe many people took the same one. It was relatively easier trade... Thank you.
By the way, how's going on your Gold trade? Made a good progress?
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #27,432
  • Nov 11, 2013 7:52pm Nov 11, 2013 7:52pm
EURJPY push higher ....

AUDUSD and NZDUSD press lower...

manage for maximum trend run ... "Let Profits Run"
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #27,433
  • Nov 11, 2013 9:29pm Nov 11, 2013 9:29pm
Quoting Tiggrrr
Hello ! I enjoy trading the 1H charts very well but use the 4H charts to determine whether or not to enter. Is there any way to have 1H chart open and have the TDI showing whats going on the 4H charts ? -Tiggrrr
I hope it helps.
Attached File(s)
File Type: mq4 TDI-MTF v1.03.mq4   8 KB | 594 downloads
  • #27,434
  • Nov 11, 2013 9:46pm Nov 11, 2013 9:46pm
its hard to identify the green crossing the red any ideas?
  • #27,435
  • Nov 11, 2013 10:39pm Nov 11, 2013 10:39pm
Quoting heispark
{quote} Hello, Sir I took the same one but exited a bit early. I believe many people took the same one. It was relatively easier trade... Thank you. By the way, how's going on your Gold trade? Made a good progress?
No....haven't traded Gold much....the 1 to 1 is hard to get used to.
  • #27,436
  • Nov 12, 2013 1:25am Nov 12, 2013 1:25am
Quoting pundit78
{quote} I hope it helps. {file}


Thank you soo much my friend! It is very helpful to see both time frames TDI's on one chart instead of flipping back and fourth."

Are there any "smooth" TDI indicator MTF ? A lot more easier on the eyes!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 31 KB
Take what the market gives you.
  • #27,437
  • Nov 12, 2013 1:37am Nov 12, 2013 1:37am
Quoting nilanish
its hard to identify the green crossing the red any ideas?
Just look at the #'s above the TDI chart. If the red #'s is greater than the green #'s , its already cross
  • #27,438
  • Nov 12, 2013 1:50am Nov 12, 2013 1:50am
Kiwi D view:
watching this to see whether the down move can break below 0.8200 this month.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD week 46 D view.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #27,439
  • Nov 12, 2013 2:17am Nov 12, 2013 2:17am
Example of a good H4 candle entry:

Attached Image (click to enlarge)
Click to Enlarge Name: UCad H4 entry 12 Nov.png Size: 66 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #27,440
  • Nov 12, 2013 2:26am Nov 12, 2013 2:26am
Quoting Tiggrrr
{quote} Thank you soo much my friend! It is very helpful to see both time frames TDI's on one chart instead of flipping back and fourth." Are there any "smooth" TDI indicator MTF ? A lot more easier on the eyes! {image}
the TDI PL green , TSL red and MBL yellow are moving averages 2,7 and 34 using the RSI 13-period close price data.

so if you want to see a 'smooth' TDI, you can be innovative.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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