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Trading Made Simple

  • #29,021
  • Jan 13, 2014 1:16am Jan 13, 2014 1:16am
Quoting Phx62
{quote} I use the Daily-Weekly-Monthly indicator found here.....http://www.forexfactory.com/showthre...33#post7100433. I also draw S/R lines mostly from the Daily and H4 charts. The H4 indicator that draws the most recent H4 highs and lows can be found here.....http://www.forexfactory.com/showthre...12#post6540312
Thank you sir for your kindness and guiding us through this journey.

regards, hoperich
  • #29,022
  • Jan 13, 2014 1:40am Jan 13, 2014 1:40am
Quoting Phx62
A nice Asian session EJ H1 trade to start off the week. Taken per TMS rules (entry at the open of the 2nd candle and green crossing red, even though price did not move much until the 3rd candle) and a pullback candle reversal pattern following the market opening. With the TDI already above the ADR, I would not expect much movement during London....but you never know.....off the bed now....{image}
Hello Phx62 (and no quit),

I was just wondering what gave you the confidence to take this EUR/JPY trade at this point, as you were perilously near to a round number and trading into the previous day's low. Do you consider these before going into a trade, or do both the HA candles and TDI positions give you the confidence to enter anyway?

Just asking, as I prefer to wait for a break of these before entering. Too conservative, perhaps?
  • #29,023
  • Jan 13, 2014 1:49am Jan 13, 2014 1:49am
Quoting hoperich
Entered in G/U trade and not sure what was wrong. The candle broke MC and also yesterdays high. I have closed at BE. Experts please comment? {image}
Firstly, your yesterdays high is wrong if you have a Sunday candle with your broker which is what it looks like, you can't count yesterdays high from one candle, you need to look at Friday for the high, phx62's broker does not have a Sunday candle.

I can't comment on the MC because I don't use them, I look for the cross (or bounce) of the TDI along with PA and neither of those were there. One other thing, in Asian session I tend to look for jpy cross trades or AU trades as they move the most during Asia.
  • #29,024
  • Jan 13, 2014 1:54am Jan 13, 2014 1:54am
Quoting hoperich
Entered in G/U trade and not sure what was wrong. The candle broke MC and also yesterdays high. I have closed at BE. Experts please comment? {image}

Dear Hoperich,

Pls see attached image(this is a screen shot which i download from this thread).first of all Clearly get an idea about the MC candle and MC breakout trade.
If there is chance to enter the market according to the MC breakout then see that trade is Valid or not according to the TDI basic rules,then enter a trade.

According to to my knowledge There is no MC breakout confirmation or TDI confirmation. because TDI cross 3 candle before your entry candle

Senior members will reply clearly better than me....

Helanka.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 216 KB
Helanka
  • #29,025
  • Jan 13, 2014 2:25am Jan 13, 2014 2:25am
GU 4H TMS Basic Entry
Attached Image (click to enlarge)
Click to Enlarge Name: GU 13 Jan H4 LO.png Size: 17 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,026
  • Jan 13, 2014 2:27am Jan 13, 2014 2:27am
Quoting NoQuit
Hi All, My trade this morning according to PHX62 style.{image}

this trade very nicely executed...

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,027
  • Jan 13, 2014 2:30am Jan 13, 2014 2:30am
Quoting Phx62
A nice Asian session EJ H1 trade to start off the week. Taken per TMS rules (entry at the open of the 2nd candle and green crossing red, even though price did not move much until the 3rd candle) and a pullback candle reversal pattern following the market opening. With the TDI already above the ADR, I would not expect much movement during London....but you never know.....off the bed now....{image}

Phx62,

When I saw that Tokyo open candle, I immediately thought of you and what you would do.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,028
  • Jan 13, 2014 2:33am Jan 13, 2014 2:33am
Quoting hoperich
Entered in G/U trade and not sure what was wrong. The candle broke MC and also yesterdays high. I have closed at BE. Experts please comment? {image}

there was no master candle.
be careful what you see with the APB .
I warned people before the APB do not show the real price OHLC.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,029
  • Jan 13, 2014 2:45am Jan 13, 2014 2:45am
Quoting emmanuel7788
GU 4H TMS Basic Entry {image}
Hmmm, comparing this to my charts in cTrader, TDI is touching, not crossed. Also the 2nd candle back is blue not red, and the large candle six back is red in my chart - not blue!... will have to investigate what this is caused by.

Edit: TDI has just (but only just) crossed on current candle. Could this just be broker price feeds? I have an ECN account which could provide difference prices to other broker types.
  • #29,030
  • Jan 13, 2014 2:49am Jan 13, 2014 2:49am
GU H4 Trade closed.

Attached Image (click to enlarge)
Click to Enlarge Name: GU 13 Jan H4 LO closed.png Size: 19 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,031
  • Jan 13, 2014 3:03am Jan 13, 2014 3:03am
Quoting emmanuel7788
GU H4 Trade closed. {image}
I'm not getting this signal on my 4h chart. You're already on the 2nd red candle but on mine it's only the first red candle? Is this due to different brokers? If so, may i know what broker you're using pls. Or maybe you're using a different APB indicator version?
  • #29,032
  • Jan 13, 2014 3:09am Jan 13, 2014 3:09am
Quoting studio1
{quote} Hmmm, comparing this to my charts in cTrader, TDI is touching, not crossed. Also the 2nd candle back is blue not red, and the large candle six back is red in my chart - not blue!... will have to investigate what this is caused by. Edit: TDI has just (but only just) crossed on current candle. Could this just be broker price feeds? I have an ECN account which could provide difference prices to other broker types.

Price Action entry using real price bar/candlestick.
-Bearish Engulfing Outside Bar BEOB candle, close below the low of previous 2 candles low.
- RN play.

TDI 4-6 no crossing yet when that BEOB closed.

- Exit at Prev Week Fib50%
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,033
  • Jan 13, 2014 3:10am Jan 13, 2014 3:10am
Quoting plateau
{quote} I'm not getting this signal on my 4h chart. You're already on the 2nd red candle but on mine it's only the first red candle? Is this due to different brokers? If so, may i know what broker you're using pls. Or maybe you're using a different APB indicator version?

My broker server time is GMT00.
London open is GMT0800.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,034
  • Jan 13, 2014 3:25am Jan 13, 2014 3:25am
Here is my chart showing the Japanese Candlestick.
To trade Price Action using Candlestick Patterns I do not use the APB/HA for my entry.

Attached Image (click to enlarge)
Click to Enlarge Name: CU 13 Jan CSP LO.png Size: 22 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,035
  • Jan 13, 2014 3:34am Jan 13, 2014 3:34am
Great trading Emmanuel,

I entered eurusd, got spooked by a small retracement and closed for a small profit, should have just 'set and forget'
Perhaps a potential 4h setup forming, but will wait and see...

All the best
  • #29,036
  • Jan 13, 2014 3:36am Jan 13, 2014 3:36am
Quoting plateau
I'm not getting this signal on my 4h chart. ....
Quoting studio1
Hmmm, comparing this to my charts in cTrader, TDI is touching, not crossed.....
plateau, studio1,

the H4 candles depend on which broker server time you have. Different brokers or data feeds consolidate the H4 candles from different times.

See here 2 plattforms of my FXCM broker:

The MT4 chart forms it starting at 5:00, 9:00 and 13:00 GMT+1 (The axis shows the correspüonding GMT time 4:00, 8:00 and 12:00 GMT because MT4 cannot adjust to the local time)
The Trading Station (proprietary) chart forms the H4 candle starting at 3:00, 7:00 and 11:00 GMT+1

You should stick to one broker / plattform and backtest your system there. Do not jump between the different frames.
At my broker I prefer the candles starting at 7:00 GMT+1, because that is before Frankfurt open and London Open.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD MT4.png Size: 115 KB
Click to Enlarge Name: GBPUSD TS-II.png Size: 95 KB
fxFox (all times in my charts are GMT+1)
  • #29,037
  • Jan 13, 2014 3:38am Jan 13, 2014 3:38am
Quoting emmanuel7788
Here is my chart showing the Japanese Candlestick. To trade Price Action using Candlestick Patterns I do not use the APB/HA for my entry. {image}
yes the candle close times must be different as this is my chart via icmarkets :
Attached Image
  • #29,038
  • Jan 13, 2014 3:40am Jan 13, 2014 3:40am
Quoting Themartycat
{quote} Hello Phx62 (and no quit), I was just wondering what gave you the confidence to take this EUR/JPY trade at this point, as you were perilously near to a round number and trading into the previous day's low. Do you consider these before going into a trade, or do both the HA candles and TDI positions give you the confidence to enter anyway? Just asking, as I prefer to wait for a break of these before entering. Too conservative, perhaps?
Hi Thermatycat,

I enter on 5M chart that already close below Yesterday Low based on 1H chart that TDI green already cross below red.

Thanks.
  • #29,039
  • Jan 13, 2014 4:26am Jan 13, 2014 4:26am
Quoting plateau
{quote} I'm not getting this signal on my 4h chart. You're already on the 2nd red candle but on mine it's only the first red candle? Is this due to different brokers? If so, may i know what broker you're using pls. Or maybe you're using a different APB indicator version?

Its 6 of one and half a dozen of the other...as the saying goes Sometimes your broker will signal first and sometimes another will signal first. You can only trade what you see on your chart. My broker at gmt +0 crossed definitely at 8am with a good cross, another broker I look at which is gmt +2 didn't have the cross until 30 minutes later and didn't have a BEOB until the close of its bar at 10am gmt so you wouldn't see it.
  • #29,040
  • Edited 5:09am Jan 13, 2014 4:28am | Edited 5:09am
Quoting NoQuit
{quote} Hi Thermatycat, I enter on 5M chart that already close below Yesterday Low based on 1H chart that TDI green already cross below red. Thanks.

Exactly where I took it Also took GU this morning for +50 after it setup nicely on m5 as well as h1 being crossed along with PA. Not at home at the moment so can't post a chart yet but will do later on.
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