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Trading Made Simple

  • #28,921
  • Jan 10, 2014 4:28pm Jan 10, 2014 4:28pm
Quoting emmanuel7788
{quote} WDays: what is whipsaw? this week is warming up and trading with OPM. set and forget with SL 50pips and TP 50pips. I trade intraday differently. regards, EMMANUEL
A whipsaw is what happened on EJ during NFP; price went up, then back down (100 pips m1 candle) and the move continued down to the historical 142.10~ level. What's OPM though?
  • #28,922
  • Jan 10, 2014 8:34pm Jan 10, 2014 8:34pm
many thanks

Quoting airbeat
{quote} Here ya go. {file}
  • #28,923
  • Jan 10, 2014 11:25pm Jan 10, 2014 11:25pm
Quoting emmanuel7788
{quote} Imi: Good trade. Congrats! I took the LO H1 setup while we were discussing the PA in this thread. Just my 'set and forget' trade with 50pips SL and 50pips TP. {image} regards, EMMANUEL
Emmanel,
I took the same set and forget trade at LO....TP hit with NFP. Also, I just found the question you asked about straddling the news releases. I do not currently use a straddle. I used to have an EA that entered straddles during the three minutes before the release but that was not always effective. I just wait for 5 to 15 minutes after the news release and try to enter. Often it is very difficult to get filled but sometimes it works.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014.1.10 ej h1.png Size: 44 KB
  • #28,924
  • Jan 10, 2014 11:38pm Jan 10, 2014 11:38pm
Quoting Phx62
{quote} Emmanel, I took the same set and forget trade at LO....TP hit with NFP. Also, I just found the question you asked about straddling the news releases. I do not currently use a straddle. I used to have an EA that entered straddles during the three minutes before the release but that was not always effective. I just wait for 5 to 15 minutes after the news release and try to enter. Often it is very difficult to get filled but sometimes it works.{image}

Phx62,

Thanks.
I was testing a straddling method using a script. That wasn't working and getting errorrs, therefore my question to tap on your experience. Thanks again.

Starting this new year, I read again all of eelfranz posts and get the feeling he is still here in this thread.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #28,925
  • Jan 10, 2014 11:40pm Jan 10, 2014 11:40pm
TMS lovers:

Here is something which some of us may want to consider this new year.
Moving one level higher and trade the D chart timeframe.
That will take less time on our charts and definitely better trades and win rates.
What do you all think?

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #28,926
  • Jan 11, 2014 12:34am Jan 11, 2014 12:34am
Quoting Phx62
{quote} Emmanel, I took the same set and forget trade at LO....TP hit with NFP. Also, I just found the question you asked about straddling the news releases. I do not currently use a straddle. I used to have an EA that entered straddles during the three minutes before the release but that was not always effective. I just wait for 5 to 15 minutes after the news release and try to enter. Often it is very difficult to get filled but sometimes it works.{image}
Hi phx62

i like the way you use this method , where can i find the template you use ?? i will appreciate if you tell me where to find explanation to the way you trade this strategy??

Please forgive my poor english
  • #28,927
  • Jan 11, 2014 12:41am Jan 11, 2014 12:41am
Quoting WDays
{quote} A whipsaw is what happened on EJ during NFP; price went up, then back down (100 pips m1 candle) and the move continued down to the historical 142.10~ level. What's OPM though?

OPM usually means Other People's Money
  • #28,928
  • Jan 11, 2014 12:49am Jan 11, 2014 12:49am
Quoting khalidhassan
{quote} Hi phx62 i like the way you use this method , where can i find the template you use ?? i will appreciate if you tell me where to find explanation to the way you trade this strategy?? Please forgive my poor english

There have been some pdfs made of his posts, you will find volumes 1,2 and 3 in this post: http://www.forexfactory.com/showthre...93#post7005093 and volume 4 in this one: http://www.forexfactory.com/showthre...51#post7179151
  • #28,929
  • Jan 11, 2014 12:55am Jan 11, 2014 12:55am
Quoting Phx62
{quote} Emmanel, I took the same set and forget trade at LO....TP hit with NFP. Also, I just found the question you asked about straddling the news releases. I do not currently use a straddle. I used to have an EA that entered straddles during the three minutes before the release but that was not always effective. I just wait for 5 to 15 minutes after the news release and try to enter. Often it is very difficult to get filled but sometimes it works.{image}

It seems your broker didn't have the kind of whipsaw that mine did, on my chart on the news candle price went back up to 143.032 plus spread of course if a sell was in before dropping.
  • #28,930
  • Jan 11, 2014 1:24am Jan 11, 2014 1:24am
Quoting Phx62
{quote} Emmanel, I took the same set and forget trade at LO....TP hit with NFP. Also, I just found the question you asked about straddling the news releases. I do not currently use a straddle. I used to have an EA that entered straddles during the three minutes before the release but that was not always effective. I just wait for 5 to 15 minutes after the news release and try to enter. Often it is very difficult to get filled but sometimes it works.{image}
Dear Phx62 & friends,

Pls see Attched chart.according to phx62 chart NY open candle high did't hit yersterday High & that candle only hit Last candle high.
So pls tell me yours chart also same.is there anything wrong with my chart or broker?.

Thanks,
Helanka
Attached Image (click to enlarge)
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Helanka
  • #28,931
  • Jan 11, 2014 1:32am Jan 11, 2014 1:32am
Quoting Helanka
{quote} Dear Phx62 & friends, Pls see Attched chart.according to phx62 chart NY open candle high did't hit yersterday High & that candle only hit Last candle high. So pls tell me yours chart also same.is there anything wrong with my chart or broker?. Thanks, Helanka {image}

Look at my post above yours Helanka, it was the NFP candle and it whipsawed on a lot of our charts upwards (look at Imi's post further back) phx62's broker didn't have that whipsaw upwards but a lot of us did so nothing wrong with your broker just different price feeds at a volatile time which is why a lot of us don't trade NFP.
  • #28,932
  • Jan 11, 2014 2:11am Jan 11, 2014 2:11am
Quoting emmanuel7788
Here is a conservative H1 entry with APB/HA candle #3. {image} Edit: Forgot to mention that H1 candle close a Marubozu so we see a price bounce. Let's watch how much will this bounce back be. added new pic.
bro your apb/ha indi looking cool.would you like to share it?thanks in advanced
Say something meaningful or Silence!!
  • #28,933
  • Jan 11, 2014 2:21am Jan 11, 2014 2:21am
Quoting emmanuel7788
TMS lovers: Here is something which some of us may want to consider this new year. Moving one level higher and trade the D chart timeframe. That will take less time on our charts and definitely better trades and win rates. What do you all think? {image}
Hi Emmanuel,

Good to talk to you again, sorry I have been away I have a new job that has took up all my time.

This forced me to look at daily trading and so far the results have been fantastic and it only takes a few mins a day before bed.

Erol and myself are both working together on back testing and forward testing some ideas.

So yes I would be up for some Daily action and hope to post some charts soon now my job is allowing more time.

Regards

Adam
  • #28,934
  • Jan 11, 2014 2:28am Jan 11, 2014 2:28am
Hi,

This was my first trade of the year counter trend on the beast for a quick 140 pips.

Good trading this years friends.

Regards

Adam

http://charts.mql5.com/3/546/gbpjpy-...ari-uk-ltd.png
  • #28,935
  • Jan 11, 2014 2:31am Jan 11, 2014 2:31am
Quoting lastingwell
{quote} Look at my post above yours Helanka, it was the NFP candle and it whipsawed on a lot of our charts upwards (look at Imi's post further back) phx62's broker didn't have that whipsaw upwards but a lot of us did so nothing wrong with your broker just different price feeds at a volatile time which is why a lot of us don't trade NFP.
Thanks lastingwell,
This kind of things Hapened only NFP day or are there any other days which you recognize to don't enter the market.

Thanks,
Helanka
Helanka
  • #28,936
  • Jan 11, 2014 5:23am Jan 11, 2014 5:23am
Hello traders,

Here are 3 charts of my trades taken on E/J different timeframes.

Chart 1: - 16 pips. I took the trade after i saw a double bottom, on the break of the red candle. Didnīt inform myself about the calendar. So i wondered about this big red candle. Then i looked up and saw the NFP news. But it was for USD / CAD and i trade E/J so i donīt understand why this pair also moved.

Chart 2: I tried a m15 entry, but as usual i failed. I saw the big pullback candle and the kink in the green TDI line so i thought the price will go up: FAIL. Lost 6 pips. And i was in so nice profit but didnīt close the trade.

Chart 3: Got +2.7 pips. This is one of the typic situations in my trading. I recognized the price will move down, so i put my TP at the low of the NFP candle. I would be hit, but in this case i was sitting in front of the PC and was nervous. My thought were: "Is the price falling ? If falls.....YES !.....Oh no It goes up.....No it goes down.....Not again up.....down....up....down...up" This is making me crazy.

I know there is a lot about exits, so could someone explain me how some traders can get out at the end of the wick ? I was reading here about ADR, ATR, ME/ ME, Chandelier exit (just for trending trades), scalling out and etc. But i didnīt learn these because i put my focus on getting into the trade. Not out of the trade.


I am gettin really frustrated because nothing works what I do. I am really struggling with this System. I try almost every day to learn and get better but i have the feeling that the market doesnīt like my trading. Everythink i try is going to fail. And then i am getting nervous, so its also a problem. I am closing trades early and donīt let the profit run ;(. I really donīt know what i am doing wrong.

Best regards,

Fx94
Attached Image(s) (click to enlarge)
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  • #28,937
  • Jan 11, 2014 5:38am Jan 11, 2014 5:38am
Quoting Themartycat
Good day, happy traders! I've not posted on this thread, but have quietly gone about trading the TMS system in my own way. I hope to be a little more active on here in the future. Anyway, my question is this: On most TDI indicators, there's a visible MBL (Market Base Line), which is supposed to show the trend. I tend to trade in the direction of this, but noticed that many traders seem to just trade TDI crosses, often against the direction of the MBL. I've missed out on lots of trades through sticking to the trend as dictated by the MBL- should...

Hi Themartycat,

eelfranz removed all the other TDI lines for simplicity when he started this TMS thread. See his post#51.

However, many of the traders here trade with the full TDI.
Trading the lower timeframe like M15 and M5, the TDI MBL has its unique feature which can also use. Dean Malone has many video where he explains how the TDI MBL can be use.

Personally, I see the MBL as just another moving average of the RSI data. I look at the converging and diverging of the TDI PL, TSL and MBL as indication of decreasing or increasing of the price RSI over different periods. I follow the price waves movements and watch the corresponding change in the TDI lines. When I see the price moves in congruent with the MBL, for example when the price make series of HH and HL, and the TDI PL and TSL move above the MBL, this is when I will prepare for strong trending market type. When this strong trend occur, the volatility usually move above the 2 x ATR band range.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #28,938
  • Jan 11, 2014 5:48am Jan 11, 2014 5:48am
These days I did not trade on Live account.I do some back test.


I have been checking EURJPY H1


*If I trade on every TDI Cross what happened to my trade.


*if I trade on TDI cross above MBL(long)below MBL(short) what happened to my trade.


*If I trade by using TDI confirmation with Pull back reversal/double top,bottom reversal/MC breakout what happened to my trade.



When I checked i found almost every trade go MY side at least few pip & at least we have a chance to closed BE.

But I need to recognize my SL/TP/ when how many pip go on my side I should amend my SL as BE.


Sometimes my trade go against me from the beginning of the trade & some time it will return & again go my side, or some time that trade rivers & give me a chance to closed at BE & again rivers Opposite direction .

So I hope some Help from experience H1 traders here.


If you can share your Trade plan:-



*Do you trade only LO/NY/Asian or you trade all these three market

*If you trade all LO/NY/Asian do you use different SL/TP for each market or use same target for all these three market.

* When how many pip go positive direction you amend your SL as BE & Are you change that Pip amount when you trade Different market time.

* When your trade go opposite direction from the beginning and It rivers & come again towards your side, How do you decide to That trade Close BE/ close with small lost or Let that trade run towards positive direction


If you can share above details it is very useful for all new members like me.


When we back test we can apply your method and check how many time it works & according to my style which setup suitable for me.


lastingwell , emmanuel7788 , WDays ,IMI ,Phx62 & Other friends if you can Pls share your details as a help.



Thanks,

Helanka
Helanka
  • #28,939
  • Jan 11, 2014 6:22am Jan 11, 2014 6:22am
Quoting Fx94
Hello traders, Here are 3 charts of my trades taken on E/J different timeframes. Chart 1: - 16 pips. I took the trade after i saw a double bottom, on the break of the red candle. Didnīt inform myself about the calendar. So i wondered about this big red candle. Then i looked up and saw the NFP news. But it was for USD / CAD and i trade E/J so i donīt understand why this pair also moved. Chart 2: I tried a m15 entry, but as usual i failed. I saw the big pullback candle and the kink in the green TDI line so i thought the price will go up: FAIL. Lost...
Your frustration made you open positions without thinking them through mate.

First off, your first trade was not valid because despite stalling at a support level, price was headed lower. The blue APB was a fake due to low momentum. Was TDI crossing? This is our confirmation, this is how you discern good from bad setups. As for why EJ moved, all pairs have a correlation to another one. I can go in a lot of detail explaining this, but basically when there's a supply for euros, all euro pairs would go lower.

Your M15 trade; price whipsawed to the upside, but was eventually headed down. You took another fakey basically. I strongly advise you to stay out of markets during news times if you are not yet confident enough.

Your third trade was very late, the entry being what lastingwell and phx both took. You were nervous because of the drawdown caused by the lateness of your entry.
  • #28,940
  • Jan 11, 2014 6:24am Jan 11, 2014 6:24am
Quoting lastingwell
{quote} OPM usually means Other People's Money
Thanks
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