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  • #29,581
  • Jan 21, 2014 12:02am Jan 21, 2014 12:02am
Quoting emmanuel7788
{quote} shr5: few hours ago, I posted somethiing. Post#29,556 those are reversal candlestick patterns. study all of Phx62 posts pdf and also that pdf in post #29,556 above. regards, EMMANUEL
Thanks emmanuel7788

Best Regards,

Raza
Raza
  • #29,582
  • Jan 21, 2014 1:02am Jan 21, 2014 1:02am
GBPUSD H1 -19pips
Entered long at about 7:20 GMT+1 with TDI priceline bounced from signal line and crossing MBL.
Additionally H4 TDI was crossing upwards on running candle.
I speculated about a trendline break upowards.
Closed trade after LO on down move with -19 pips. Now at 10:00 a pin bar has been formed on H1, but next candle opened red.

Currently running GBPAUD +45pips (book value), stop on B/E
Entered long on H1 GBPAUD with buy entry at 8:45 GMT+1, above the high oft the former H4-candle (pin bar).
TDI priceline bounced from signalline, both pointing up and broke MBL upwards.
H4 TDI priceline before upcross of MBL and signalline

EURJPY - no trade yet, but the EJ seems to fight to begin a down move
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-01-21 09.10 GMT+1 GBPUSD.png Size: 158 KB
Click to Enlarge Name: 2014-01-21 09.45 GMT+1 GBPAUD.png Size: 191 KB
fxFox (all times in my charts are GMT+1)
  • #29,583
  • Jan 21, 2014 1:07am Jan 21, 2014 1:07am
AU trades closed.

Attached Image (click to enlarge)
Click to Enlarge Name: AU H1 20 Jan trades closed.png Size: 30 KB


Trades were counter trend hence moving stops quickly was necessary.
The weekly retracement is shallow and we still see 0.8870 as suppport below.
Will be watching clsoley the H4 price action to see if there will be a break below last week' low.
See Big Picture Plan posted early this week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,584
  • Jan 21, 2014 2:21am Jan 21, 2014 2:21am
Hi everybody,

Took this trade yesterday ( GMT 7:52) and exited today (GMT 8:42). This was my first 50 pips trade.
Entered on the break of previous red candle and TDI confirmation. TDI came from 32 line. My SL was below the low of the last red candle. I woke up today and saw price was struggling, so i closed the trade.

Two questions here:

1) Some traders here say to put the SL on the last swing low / high. For me the last swing high / low is the low of the red candle. But isnīt it to far away to put the SL ? It was about 60 pips.

2) One of my main problems: Where should i put my TP ? Because the original TMS H4 rule by Big E to exit a trade when TDI becomes flat is a little bit difficult for me. When the TDI gets flat it often too late to exit the trade.


Please feel free to comment !

Best regards,

Fx94
Attached Image (click to enlarge)
Click to Enlarge Name: Chart for FF.png Size: 44 KB
  • #29,585
  • Jan 21, 2014 2:40am Jan 21, 2014 2:40am
Quoting emmanuel7788
EJ H1 ... at FO, seeing a PCRF anyone? Edit: add chart {image} WAITING ....
Exited with small loss. i think I better watch 200 EMA breaking before entry... Now it beacame a double top but I don't see sell signal yet (except a diversionce)... Perhaps no more progress today?
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #29,586
  • Jan 21, 2014 2:45am Jan 21, 2014 2:45am
I would like to contribute to the Trading made signal method and I have summarized 1st 1000 posts in form of Screenshots/images. This compilation will help all the newbies like myself to start using TMS method, get the basics right and make some pips.

I would like to ask senior members that as a newbie how much space I have been permitted to upload the TMS compilation file in form of PDF or Zip file. Any other uploading method would be appreciated as well.

Kind Regards
  • #29,587
  • Jan 21, 2014 2:54am Jan 21, 2014 2:54am
eur/aud buy 4h chart
Attached Image (click to enlarge)
Click to Enlarge Name: 21-01-2014 11-52-19.png Size: 37 KB
  • #29,588
  • Jan 21, 2014 2:57am Jan 21, 2014 2:57am
Quoting Fx94
Hi everybody, Took this trade yesterday ( GMT 7:52) and exited today (GMT 8:42). This was my first 50 pips trade. Entered on the break of previous red candle and TDI confirmation. TDI came from 32 line. My SL was below the low of the last red candle. I woke up today and saw price was struggling, so i closed the trade. Two questions here: 1) Some traders here say to put the SL on the last swing low / high. For me the last swing high / low is the low of the red candle. But isnīt it to far away to put the SL ? It was about 60 pips. 2) One...
Well done with your trade

When trading the 4 hour chart 50pips TP is pretty small, If you look at an average move on EJ its anything from 150-300 pips!!

Just looking at PA where do you think is the safest place to put your SL once you trade has momentum?

Have a look at how many time on the 4 hour chart that the candle or the one before get taken out....
Attached Image (click to enlarge)
Click to Enlarge Name: SL 4 hour.png Size: 31 KB
Give yourself a chance and trade it like it's layed out...
  • #29,589
  • Jan 21, 2014 3:31am Jan 21, 2014 3:31am
Quoting emmanuel7788
EurCad week 04 H4 trade: {image}

EurCad

First outright loss this week.
This trade had no chance after open as market bounce off BRN 1.48000

Loss -1xR.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD week 04 4H trade closed loss.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,590
  • Edited 5:31am Jan 21, 2014 4:04am | Edited 5:31am
For those PM's asking about Master Candle Indicator. Difference between real candles and APB's, EJ 1hr charts; Real candles on left and APB's right.

For new traders, IMO I would start by trading one pair of your choice and learn how it moves such as PHx62, does basically with EJ and become proficient before moving on to many different pairs.
Attached Images
Keep It Simple
  • #29,591
  • Jan 21, 2014 4:11am Jan 21, 2014 4:11am
Quoting emmanuel7788
{quote} EurCad First outright loss this week. This trade had no chance after open as market bounce off BRN 1.48000 Loss -1xR. {image}
I went short as well, but on H1 and I exited after first bullish candle close (TDI upward cross too) with 20 pips loss.

Last night around TO I took this U/J trade for 40 pips. H1 candle closed above 200ema and previous resistance, TDI good. I exited manually in the morning since the second wave failed to push more (and TDI was into oversold).

I also made E/J, C/J, G/J trades for around 25-30 pips each, but entered before Tokyo. I was reluctant due to hours but signals looked good for some profit. Charts are identical to these below so I won't post them.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy-h1-oanda-corporation.png Size: 47 KB
Click to Enlarge Name: usdjpy-h4-oanda-corporation.png Size: 42 KB
  • #29,592
  • Jan 21, 2014 4:12am Jan 21, 2014 4:12am
Took this low trade by looking at the following basic points.
1. TDI looks bounced pointing between 4-5 o'clock
2. Stoch pointing down
3. Trade started on second candle
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h4.png Size: 45 KB



Any suggestions and pointers are appreciated.

Kind regards
  • #29,593
  • Edited 1:35pm Jan 21, 2014 4:29am | Edited 1:35pm
Quoting Fx94
Hi everybody, Took this trade yesterday ( GMT 7:52) and exited today (GMT 8:42)....
Fx94,

my thoughts/answers to your questions.

1) Swing low/high - I see them as an emergency stop. If something happens so that there is an automatic exit.
Exiting the trade in TMS follows another way. You should not wait until the SL is hit. Before that you would see that price action will go massivly against you and additionally that the tdi indication will go sideways or pointing to the other side. At this time I would exit such a trade.
Perhaps you would see an setup come up - where you normally would prepare to entered to the other direction.

To move the stop is always a question of how many room should I give a trade and how many pips would I give back if the trade will stop going on the trend.

If the trade moves in your direction I would move the stop to the the next step - i.e. under the low of strong APB (no lower wick), or under the ema you print on the chart - in direction of the trend. On this EJ trade above I would place your stop unter the big candle in the night.

2) Not an easy answer - because you never now where a move will stop.
You can scale out after a defined (i.e. by the daily ATR) amount of pips.
Look at support/resistance zones
Look at Fibo-retracements (strong trends have small <38% retracements)
Use an active stop movement below/above the APBs (as Bizzle indicated above)
The larger your target is, the more distance and patience you need for a (trailing) stop loss.(the trade needs room to develop.)
fxFox (all times in my charts are GMT+1)
  • #29,594
  • Edited 4:46am Jan 21, 2014 4:36am | Edited 4:46am
Quoting MrAussieFX
Took this low trade by looking at the following basic points. 1. TDI looks bounced pointing between 4-5 o'clock 2. Stoch pointing down 3. Trade started on second candle {image} Any suggestions and pointers are appreciated. Kind regards
The market is choppy - if that is the case you should trade the lower TF but even on H1 it's choppy. When TDI lines are flat/wiggling around 50 it means the market is consolidating and you may get a dozen of TDI crosses that aren't tradeable. Also you're selling into support, a support that is also a round number. See how last week price broke that level only to consolidate a bit about 50 pips lower and then rush back up eventually. Last but not the least, check out the candles, watch out for those wicks.

Not saying it's definitely a losing trade, just that in my opinion it's a very risky trade and I wouldn't take it.

EDIT - Try to visualize the TDI 50 on your price chart. It's a major S/R, esp. if the market is choppy. Unless the PA gives a good clear signal, you should avoid trading TDI crosses into 50. The point is you should watch the PA primarily and use TDI only as a signal.
  • #29,595
  • Edited 5:02am Jan 21, 2014 4:37am | Edited 5:02am
Quoting fxFox.mb
Entered long on H1 GBPAUD with buy entry at 8:45 GMT+1, above the high oft the former H4-candle (pin bar)...
GBPAUD H1 closed during lunch time by smartphone with +64 pips, after it missed my target by 5 pips.
Seems that I put the limit too close to the resistance zone. Could have been 10 pips more.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-01-21 13.05 GMT+1 GBPAUD.png Size: 160 KB
fxFox (all times in my charts are GMT+1)
  • #29,596
  • Jan 21, 2014 4:38am Jan 21, 2014 4:38am
Gold, H4, TDI crossed, price consolidation, went short.
+64 Pips
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-01-21 Gold H4 short.png Size: 57 KB
  • #29,597
  • Jan 21, 2014 4:49am Jan 21, 2014 4:49am
Quoting Lane
{quote} The market is choppy - if that is the case you should trade the lower TF but even on H1 it's choppy. When TDI lines are flat/wiggling around 50 it means the market is consolidating and you may get a dozen of TDI crosses that aren't tradeable. Also you're selling into support, a support that is also a round number. See how last week price broke that level only to consolidate a bit about 50 pips lower and then rush back up eventually. Last but not the least, check out the candles, watch out for those wicks. Not saying it's definitely a losing...

Lane, thanks mate appreciate your help.
  • #29,598
  • Edited 5:22am Jan 21, 2014 4:54am | Edited 5:22am
Quoting Phx62
Like some of the rest of you, I took the Asian session EJ H1 trade based on the PCRF that formed. I entered before leg 3 completed due to strong price action, a cross of the TDI green over red with both of them above the MBL, which was sloping up. The H4 is still showing a strong move up so I will be looking for long trades until that changes. {image}
Hi Phx62,

Can I check with you more on the PCRF trade. You mentioned it was based on strong PA, what exactly do you mean by that?

And besides the pinbar/TDI, are there anything else you look at before determining an entry? Because if I was looking at the chart, I wouldn't have entered due to the really close resistance nearby. Hoping to hear your thoughts on this, thanks.
  • #29,599
  • Jan 21, 2014 5:21am Jan 21, 2014 5:21am
No clear direction in my current watch pairs, bit of a indecisive day...
  • #29,600
  • Jan 21, 2014 5:30am Jan 21, 2014 5:30am
Quoting Phx62
{quote} A pullback candle reversal formation is just my terminology for a formation.......
Hello Phx62,
Thanks very much for sharing this, and last week's chart with the PCRFs noted.
Kan
Thanks for your help, warmth and straight talking Heather.
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