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  • #30,461
  • Feb 6, 2014 5:40am Feb 6, 2014 5:40am
Quoting heispark
Interesting.... EJ 1H. {image} EJ 15M {image}
Attached Image (click to enlarge)
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #30,462
  • Feb 6, 2014 5:49am Feb 6, 2014 5:49am
Quoting emmanuel7788
{quote} You should see them in the MT4 Navigator ...
good mornibg EmmanuelI need your help.
I j;ust download themete 4 """FXDD "",, same as the others,no problem,but when I try to save an indicator like ""TDI",it doen't work,
ps: I have other two meta4 and they work fine!!!
so if you can help ,thank you very much; by the way,"""tdi pdf was great ,and also MARK DOUGLAS....
  • #30,463
  • Edited 6:05am Feb 6, 2014 5:53am | Edited 6:05am
EURAUD H1 up to now 2 trades

1st trade on LO candle break of the consolidation zone. Moved 23 pips to the 50% fibo and turned back. => Resulted in B/E
2nd trade I exited in 2 parts. One early with +17 pips and reset of the SL, the other targeted the +60 pips (swing low from 13th Jan) => +38 pips in average
(I had luck: My resetted stop wasn't hit by 3 to 4 pips on the first EUR news and after my target was reached view minutes before EUR and USD news, afterwards the news candle shoot up)
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-02-06 14.30 EURAUD GMT+1.png Size: 188 KB
fxFox (all times in my charts are GMT+1)
  • #30,464
  • Feb 6, 2014 6:13am Feb 6, 2014 6:13am
Quoting brandy711
{quote} good mornibg EmmanuelI need your help. I j;ust download themete 4 """FXDD "",, same as the others,no problem,but when I try to save an indicator like ""TDI",it doen't work, ps: I have other two meta4 and they work fine!!! so if you can help ,thank you very much; by the way,"""tdi pdf was great ,and also MARK DOUGLAS....

please tell me what you mean the TDI doesn't work.

do you see the TDI on your chart.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,465
  • Feb 6, 2014 7:24am Feb 6, 2014 7:24am
EU week 06:

If you are looking to sell EU, it is better to wait and see what happens at 1.3610.

Read post# 30,332

.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,466
  • Feb 6, 2014 7:38am Feb 6, 2014 7:38am
The euro seemed to be the mover today.
I got on ej H1 after the news candle closed above previous week's low,
was hoping for a retrace back to round number for better entry but it just continued upward.
TP 100 pips reached at the 50% fib of last H4 swing.
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-02-06_10-13-31ejH1.png Size: 47 KB
If you're going through hell, keep going. Winston Churchill
  • #30,467
  • Feb 6, 2014 8:10am Feb 6, 2014 8:10am
Quoting emmanuel7788
{quote} please tell me what you mean the TDI doesn't work. do you see the TDI on your chart.
THANK YOUFOR THE RESPONSE;THEREFORE;MY PROBLEM IS BRING "T.D.I " TO THE CHART,WHEN I SAVE INTO THE INDICATORS FILE ,THEN START FXDD ,I DON'T IT SEE LISTED ON THE NAVIGATOR.
MAYBE Im PUTTING ON WRONG FILE,ON THE OTHERS MT4 THAT I HAVE , I GO TO CPU,C:,THE PROGRAM FILE (86X),MY MT4,EXPERT,INDICATORS,THEN DOWNLOAD,WORK FINE;BUT WITH FXDD,IS LITTLE DIFFERENT: C: PROGRAM FILE(86X),THEN I FIND FXDD(ENTER),THE LIST OF FILES ARE DIFFERENT;I CLICK ON QL4,THEN INDICATORS,THEN I DROP MY TDI,.
BUT LIKE A SAID BEFORE;REOPEN FXDD,IT IS NO THERE?????
HOPE THAT IS SOME THING SIMPLEOTHER WISE I WILL CONTINUE TO USE THE OTHER PLATTFORM.
THANK'S AGAIN,SORRY FOR THE TROUBLE.

HAPPY TRADIND
  • #30,468
  • Feb 6, 2014 8:44am Feb 6, 2014 8:44am
Quoting Imi
The euro seemed to be the mover today. I got on ej H1 after the news candle closed above previous week's low, was hoping for a retrace back to round number for better entry but it just continued upward. TP 100 pips reached at the 50% fib of last H4 swing. {image}
Very nice, composed trading there IMI - I've seen you do a few of these trades where you enter after the news candle and TP is usually 100 pips, very well done.

I attempted the same trade but was caught on the pull back of the candle after the news. I usually have a stop at 50% Fib of the news candle, and due to the volatility I can see this is a bit too tight.

Any suggestions on how you monitor this would be helpful. Also did you not place any trades prior to the news on this occasion we did have a good angle TDI cross down at some key support levels.

Thanks buddy
  • #30,469
  • Feb 6, 2014 9:07am Feb 6, 2014 9:07am
Quoting Imi
The euro seemed to be the mover today. I got on ej H1 after the news candle closed above previous week's low, was hoping for a retrace back to round number for better entry but it just continued upward. TP 100 pips reached at the 50% fib of last H4 swing. {image}
Wow - very nice trade Imi.

I am allways a little shy to enter after such news events, because of this frenetic momentum. It is ok, when I am in the trade and this is secured by B/E stop.
What did you convince that the move will continue up after the news. Was the H1-candle close above the previous weeks low the essential hint?
fxFox (all times in my charts are GMT+1)
  • #30,470
  • Feb 6, 2014 9:13am Feb 6, 2014 9:13am
I still cannot find them in my MT4 navigator this is frustrating me now cos I cannot take trades I only took on trade today I don't know what to do I have done all I could with your guidance but it now showing any thing in the navigator pane I have uninstall and reinstall the mt4 software again still the same need help urgently


Quoting emmanuel7788
{quote} You should see them in the MT4 Navigator ...
  • #30,471
  • Feb 6, 2014 10:46am Feb 6, 2014 10:46am
Quoting kingdomk
{quote} Very nice, composed trading there IMI - I've seen you do a few of these trades where you enter after the news candle and TP is usually 100 pips, very well done. I attempted the same trade but was caught on the pull back of the candle after the news. I usually have a stop at 50% Fib of the news candle, and due to the volatility I can see this is a bit too tight. Any suggestions on how you monitor this would be helpful. Also did you not place any trades prior to the news on this occasion we did have a good angle TDI cross down at some key...
I am not sure what you mean by you were caught on the pullback of the news candle, looking back at it even on M5 price only moved
upwards after the release. Like I have mentioned in above post, after H1 closed price didn't even retrace back to round number which was about 18 pips back.
To answer your question I do not enter trades before high impact news such as cash rate , I always wait after the release, in fact I was watching gj at the time of the news, and it was in a small range with not much movement at all. I switched to ej and that hourly candle was about to close.
It had a strong momentum and broke and closed above PWL , where it had been rejected before on the 5th and 6th this week.
Additionally, you can draw a trendline where you can see HLs , and that candle happened to be the third touch of that trendline, which can be the strongest.
Also on my chart , H4 candle closed in the same time, which also was a very nice strong pullback pinbar. H4 tdi had already crossed then recrossed above MBL,
following the movement of PA, little pullback then shoot away
Hope this helps
Attached Image(s) (click to enlarge)
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If you're going through hell, keep going. Winston Churchill
  • #30,472
  • Feb 6, 2014 10:50am Feb 6, 2014 10:50am
Quoting 4Good
I still cannot find them in my MT4 navigator this is frustrating me now cos I cannot take trades I only took on trade today I don't know what to do I have done all I could with your guidance but it now showing any thing in the navigator pane I have uninstall and reinstall the mt4 software again still the same need help urgently {quote}

This video may help

Inserted Video
Sad i'm not trying to understand PA
  • #30,473
  • Feb 6, 2014 10:54am Feb 6, 2014 10:54am
Quoting alfis
EA H1 Trade. Strong H4 bullish divergence, close to daily 100 EMA , close to past S/R line, asian session made a double bottom, waited till break of previous consolidation area and previous support to enter. Got taken out on news candle -57 pips Any feedback anyone? {image} {image}
alfis,

as you can see above on my chart (post 30,470) I tried this long attempt on EURAUD too. But I went in earlier, on the break of the consolidation zone to the upside. This happened about 25 min after the LO. Normally one can expect in minimum a move of the size of height of the consolidation zone.

As I experienced many a time in my trading, the more you wait on confirmation of the right direction, the more does it cost, because during the time price action does its way and goes further. So I try to get in a little earlier, taking into account that this will not allways work and getting a manageable loss, but have the chance to move the stop earlier to a B/E level.

The next small S/R levels were waiting @1,5200, where price stopped after the news. So entering at your point would have been too late for me.

Targeting min 50 pips I pulled the stop on B/E as price went up. I thougth shortly about to move the stop not directly at B/E (as the +20 pips were reached) but rather under the low of the entry candle, because sometimes on breakouts out of a consolidation zone, price will retrace back to the entry, before the move continues. But I set it on B/E risking to be thrown out.

I do not know why you didn't pull the trigger and closed the position long before the -57 loss occurs at news time. There were several red candles and a TDI PL turn with a cross of the MBL after your entry.
Do not hope, that a position will turn in your favor over this time, because the market should make what you saw. I did that hundred times and always the market was right and I was wrong. So you should close a position at least when you see the signs to enter to the opposite side (my 2nd trade, perhaps a little early too)

BTW, be careful with divergences. They can, but should not give a signal. Look at the buslish divergence from 01/30 23:00 to 02/03 15:00. The main trend was downwards and the bullish divergence started a retracement, but didn't break the trend.
fxFox (all times in my charts are GMT+1)
  • #30,474
  • Feb 6, 2014 11:15am Feb 6, 2014 11:15am
I also went long on gj this morning ,on the break above consolidation, currently at +70
entry, now sl at BE . (orange line)
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-02-06_14-11-57gjH1I.png Size: 49 KB
If you're going through hell, keep going. Winston Churchill
  • #30,475
  • Feb 6, 2014 12:28pm Feb 6, 2014 12:28pm
Quoting Imi
I also went long on gj this morning ,on the break above consolidation, currently at +70 entry, now sl at BE . (orange line) {image}
closed for +90pips
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-02-06_15-24-55gjclosed.png Size: 42 KB
If you're going through hell, keep going. Winston Churchill
  • #30,476
  • Feb 6, 2014 12:45pm Feb 6, 2014 12:45pm
Here is my current position.
Attached Image (click to enlarge)
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  • #30,477
  • Feb 6, 2014 1:15pm Feb 6, 2014 1:15pm
Quoting fxFox.mb
{quote} Wow - very nice trade Imi. I am allways a little shy to enter after such news events, because of this frenetic momentum. It is ok, when I am in the trade and this is secured by B/E stop. What did you convince that the move will continue up after the news. Was the H1-candle close above the previous weeks low the essential hint?
To keep it simple, the trade was taken according to TMS rules.
candle colour change, entry at the open of second blue candle, with TDI cross
If you're going through hell, keep going. Winston Churchill
  • #30,478
  • Feb 6, 2014 2:11pm Feb 6, 2014 2:11pm
Quoting brandy711
{quote}THANK YOUFOR THE RESPONSE;THEREFORE;MY PROBLEM IS BRING "T.D.I " TO THE CHART,WHEN I SAVE INTO THE INDICATORS FILE ,THEN START FXDD ,I DON'T IT SEE LISTED ON THE NAVIGATOR. MAYBE Im PUTTING ON WRONG FILE,ON THE OTHERS MT4 THAT I HAVE , I GO TO CPU,C:,THE PROGRAM FILE (86X),MY MT4,EXPERT,INDICATORS,THEN DOWNLOAD,WORK FINE;BUT WITH FXDD,IS LITTLE DIFFERENT: C: PROGRAM FILE(86X),THEN I FIND FXDD(ENTER),THE LIST OF FILES ARE DIFFERENT;I CLICK ON QL4,THEN INDICATORS,THEN I DROP MY TDI,. BUT LIKE A SAID BEFORE;REOPEN FXDD,IT IS NO THERE????? HOPE...

This depends of the OS you have, Windows 7 or Windows 8 (8.1) if this is the later case, them the Templates directory and other indicators goes to the User folder...example: C:\Users\Admin\AppData\Roaming.....\Mt4.

But for you to see this folder you have to on the Control Panel, switch Folder Options, the option to view "Show Hidden Files, Folders and Drives"

Take care.
  • #30,479
  • Feb 6, 2014 2:31pm Feb 6, 2014 2:31pm
Hey everyone, i took this trade off the daily TF, but still used the same rules of TMS for entry. I noticed on the daily TF a strong momentum candle so i waited or the second candle to form. TDI was just crossing over red and yellow as well as the TDI showing divergence. Looking at the standard candlestick chart, i noticed price had broken out of a recent consolidation (few days ago) which also added confluence as well as price had room to go up before it hit the 100EMA. The ADR has been decent for this pair so i took the trade. It lasted overnight, but i decided to scale out some and bank a little profit. This afternoon i looked at the lower TF and noticed price has been ranging so i decided to close out the rest of my position before the AUD monetary policy statement news release. Overall i gained a total of about 69 Pips although since i scaled out im not sure if thats an accurate statement since price varied as i banked profits at different pip levels. Am i correct on this? Otherwise did i miss anything on my chart that i should have taken into consideration?
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  • #30,480
  • Feb 6, 2014 3:33pm Feb 6, 2014 3:33pm
<p>
Quoting Imi
{quote} I am not sure what you mean by you were caught on the pullback of the news candle, looking back at it even on M5 price only moved upwards after the release. Like I have mentioned in above post, after H1 closed price didn't even retrace back to round number which was about 18 pips back. To answer your question I do not enter trades before high impact news such as cash rate , I always wait after the release, in fact I was watching gj at the time of the news, and it was in a small range with not much movement at all. I switched to ej and that...
</p>
<p></p>
My bad, i entered on the news candle shortly after the data was released and got caught on the pullback. In hindsight should have entered on the close and break above.

Thanks for clarifying that IMI
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