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Trading Made Simple

  • #31,661
  • Mar 4, 2014 5:43am Mar 4, 2014 5:43am
What about considering an entry in AU ?
Take a look at my daily picture an the H4 pictre. Entry at the break of the white line ?

Best regards,

Fx94
Attached Image(s) (click to enlarge)
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  • #31,662
  • Mar 4, 2014 7:08am Mar 4, 2014 7:08am
Quoting Direwolf
Guys I'm curious. When it's time to adjust clock for day light savings, do the charts adjust the time they give new candle to match it as well?
Hello Direwolf, good to hear you are in BKK too. And IrishToffy and hello to LongB in Viet Nam.

Yes, to answer your question; the candles will adjust with the time change. Now the H4 candles are at 1am, 5am, 9am, 1pm, 5pm, 9pm. When we "spring forward" the H4 candles will appear at midnight, 4am, 8am, noon, 4pm, 8pm.

But be very careful of this: DST begins on different days in different parts of the world based on politics, not based on degrees of Meridian.

To be safe, always reference to New York time, rather than than UTC, in this particular case.
  • #31,663
  • Mar 4, 2014 7:23am Mar 4, 2014 7:23am
Quoting Direwolf
Guys I'm curious. When it's time to adjust clock for day light savings, do the charts adjust the time they give new candle to match it as well?
Anyone on a gmt server (ibfx etc) will stay the same, as gmt is always constant, but you will have to adjust when you look at your chart according to your timezone.
  • #31,664
  • Mar 4, 2014 7:47am Mar 4, 2014 7:47am
Evening,


Is anyone looking EA H4?

I am considering this buy, when the current H4 CS closes.

Anyone else see this? Or see any problems?

Reasons for (assuming CS closes in a similar position to now):

1-2-3 reversal pattern, making a HH, HL
First Blue CS
Big pullback from 153.00 and a strong trendline a few candles ago
Price has broke last weeks high again and my purple S/R box
If CS closes strong there should be a cross of the TDI, maybe even before it closes


irishtoffy
Attached Image (click to enlarge)
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  • #31,665
  • Mar 4, 2014 7:48am Mar 4, 2014 7:48am
I see. Thanks Darran!

I have a question.
Just hit a full loss on EA -50 pips.
I think my biggest mistake was that I only looked at H1 chart without analyzing bigger time frames such as H4 which clearly shows bull movement.

Would appreciate any tips and suggestions to prevent this in the future. Thanks!

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-04_2044_EJ.png Size: 110 KB
Everything you can imagine, is real - Pablo Picasso
  • #31,666
  • Mar 4, 2014 7:58am Mar 4, 2014 7:58am
Hello NikTrad,

I am attaching the preset I set up (I only changed "manage this pair only" ) the rest are default settings. I am also attaching the mptm file I have...beware this may be a corrupt copy of mptm.

Actually, apparently I cannot send a preset file this way. I will try to zip the files.

Thanks, darran
Attached File(s)
File Type: mq4 Multi purpose trade manager .mq4   106 KB | 327 downloads
File Type: rar mptm to send to TMS.rar   20 KB | 370 downloads
  • #31,667
  • Mar 4, 2014 8:29am Mar 4, 2014 8:29am
I have another "trade manager" EA in my arsenal (I purchased it a while back) that came from a very good and reliable source, but I just can't remember which source it was. It has no PDF manual or instructions, hence, I don't know how to set up the input parameters. Who would be a good person in this forum to send it to and how would I do that? E-mail? I'd rather not post it here myself.
  • #31,668
  • Mar 4, 2014 10:39am Mar 4, 2014 10:39am
Hi guys,

This is my first post. I need some help. I installed the TDI indicator. I got it from one of the first post in this thread. Once installed, I am able to see the red and green lines. However, for some reason, I can't seem to manage to bring the yellow line into my chart. Any idea what I am doing wrong? What do I need to do bring the yellow line into the chart? Thanks in advance for your help.

donbeto
  • #31,669
  • Mar 4, 2014 11:24am Mar 4, 2014 11:24am
Quoting donbeto
Hi guys, This is my first post. I need some help. I installed the TDI indicator. I got it from one of the first post in this thread. Once installed, I am able to see the red and green lines. However, for some reason, I can't seem to manage to bring the yellow line into my chart. Any idea what I am doing wrong? What do I need to do bring the yellow line into the chart? Thanks in advance for your help. donbeto
Right click on the TDI and click on properties and then the colour tab and put in the setting below:
Attached Image (click to enlarge)
Click to Enlarge Name: tdi.png Size: 53 KB
Give yourself a chance and trade it like it's layed out...
  • #31,670
  • Mar 4, 2014 11:31am Mar 4, 2014 11:31am
Quoting emmanuel7788
{quote} Hi ababias, EA is acronym for EURAUD. Setting of inital SL - use the recent market volatiltity is a better way to stay away for the whipsaw when news time. TP - when trading 4H swing, look at the market weekly traded range and use that as the target TP. I compare the 52-weeks and 100-weeks traded raneg and set my TP at 60% of that weekly range as the potential TP. When market breaks into trend, it will hit 100% of the weekly range. As traders, our job is to manage the downside i.e. moving our stps and let the market decide the final TP for...

Correct me, if I am wrong. If on H4 chart ATR(52) -> 60 pips then I should set TP as 36 pips (60% of ATR)? Similarly, SL -> 36 pips. Then it will be R:R 1:1. Once it reaches the target of 36 pips move the SL to break even. I should move all the trade?
Suppose, if I trade 1 lot, should move 1 lot to break even. Or else, take profit of 0.5 lot and rest 0.5 lot let the market decide.
  • #31,671
  • Mar 4, 2014 12:04pm Mar 4, 2014 12:04pm
Quoting Direwolf
{quote} Nice trade hoperich! May I ask about the pcrf a bit please? Which candles were your pcrf? 123 or 234? And which pattern was it? {image}
Hi Direwolf,

This is what phx62 posted earlier in this thread. Very nice illustration of PCRF. Hope this clarify and help more.

Hoperich..
Attached Image (click to enlarge)
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  • #31,672
  • Mar 4, 2014 12:17pm Mar 4, 2014 12:17pm
Quoting Bizzzle
{quote} I am in this trade but got in on the hourly last night, same trade as hoperich, I am targeting 140.90!! Stops now at Breakeven!! Best of luck {image}
Hey buddy, looks like we were thinking and hitting the keys same time. From H4 chart, Market is in channel and hopefully it will hit your target 140.90 as a upper line. I am also considering plan B to enter short in case it end up making ABCD and break the support. What you think?

hoperich
Attached Image (click to enlarge)
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  • #31,673
  • Mar 4, 2014 1:45pm Mar 4, 2014 1:45pm
Any trades today ? Has someone the template with multiple time screens for TMS which works ? I downloaded it and unfortunately it doesn´t work in my MT4

Best regards,

Fx94
  • #31,674
  • Mar 4, 2014 2:05pm Mar 4, 2014 2:05pm
Hello traders, would anyone be so kind to show me the link to the post that has the setting of TDI with the blue channel for android or iPhone . Many thanks.
  • #31,675
  • Mar 4, 2014 2:16pm Mar 4, 2014 2:16pm
Quoting Direwolf
I see. Thanks Darran! I have a question. Just hit a full loss on EA -50 pips. I think my biggest mistake was that I only looked at H1 chart without analyzing bigger time frames such as H4 which clearly shows bull movement. Would appreciate any tips and suggestions to prevent this in the future. Thanks! {image}
The best thing i can see here is you realized your mistake, now make a point of that in your trade plan.
Dont see it as a loss. Sometimes we win and sometimes we learn. There is no such thing as loss, Just lessons and improvement.
Have a safe trading.
I am not random, U just can't think as fast as me....
  • #31,676
  • Mar 4, 2014 2:30pm Mar 4, 2014 2:30pm
Hi All,

First - thanks to the originator of this system and all who have shared their experiences of it. I'm just working my way through the thread and trying it out on a demo account.

I have two questions, which are possibly related.

1) Over the last couple of days I have seen very few suitable entries on the H4 charts, even monitoring 20 pairs. Where there has been a crossover, it has been uncomfortably close to S or R, for example. Is it common to go a day or two without any prospects at this TF?

2) Having fiddled around with some TDI indicators, the only one I seem to be able to get working with my build of Metatrader (Version 4.00 Build 610) is the TDI-RT-Clone. This is a real-time TDI indicator. Does anyone have any views on the suitability of this? Screenshot attached

Attached Image (click to enlarge)
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  • #31,677
  • Edited 3:47pm Mar 4, 2014 3:04pm | Edited 3:47pm
Quoting AndyP
Hi All, First - thanks to the originator of this system and all who have shared their experiences of it. I'm just working my way through the thread and trying it out on a demo account. I have two questions, which are possibly related. 1) Over the last couple of days I have seen very few suitable entries on the H4 charts, even monitoring 20 pairs. Where there has been a crossover, it has been uncomfortably close to S or R, for example. Is it common to go a day or two without any prospects at this TF? 2) Having fiddled around with some TDI indicators,...
I use build 610 and all the tdi indicators work fine on my workstation, I just make sure to put in just the ex4 file in the indicators file and not the mq4 with it. As far as the crossovers on H4, there were 2 nice ones just this morning on my pairs (4am gmt) and I only look at 4, that was on GJ and on EJ. GJ was especially nice as it happened at the bottom of the h4 channel I have there.
  • #31,678
  • Mar 4, 2014 3:23pm Mar 4, 2014 3:23pm
Quoting Forexcube
Hi eelfranz Your statements sounds logically and emotionally correct. I wish you success & happiness! Forexcube Best of luck! {image}
I concur man, quite a story he got here! Wish him all the best.
  • #31,679
  • Mar 4, 2014 3:40pm Mar 4, 2014 3:40pm
Quoting lastingwell
{quote}I use build 610 and all the tdi indicators work fine on my workstation, I just make sure to put in just the ex4 file in the indicators file and not the mt4 with it. As far as the crossovers on H4, there were 2 nice ones just this morning on my pairs (4am gmt) and I only look at 4, that was on GJ and on EJ. GJ was especially nice as it happened at the bottom of the h4 channel I have there.
Thanks - I'll give it another go. Looking back at the EJ chart I see the prospect at 4am GMT. Too early for me, I'm afraid, but I'll keep an eye out for similar.
  • #31,680
  • Mar 4, 2014 4:02pm Mar 4, 2014 4:02pm
AU 5 Feb:

Big day for aussie today as we have GDP data release. The forecast is better than the previous, but how many times did the real GDP date better that its forecast?
Last two days was choppy way up and with that huge WRB seen in H4, I would be tempted to buy.
The support at 0.8900 held so far and those historical swing levels were in play for the choppy way up. We saw that H4 divregence play but the rise was slow.

Before:
Attached Image (click to enlarge)
Click to Enlarge Name: AU H4 week 10 BPP.png Size: 65 KB


After:
The TDI is still showwing 'buy' mode with PL above TSL aboe MBL.
Attached Image (click to enlarge)
Click to Enlarge Name: AU H4 week 10 5 Mar.png Size: 80 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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