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Trading Made Simple

  • #31,741
  • Mar 5, 2014 5:46am Mar 5, 2014 5:46am
Quoting emmanuel7788
{quote} Hi hugecat, Big E H4 trading H4 trading using 5EMA shift+3 is an agressive entry method. Using the PAC is conservative and I use that to compare the 5EMA type entry and also the PAC entry. See post#31.637 where I share my EA trade . It is one of those situations where we have a TMS entry and few candles later we see a Synergy model PAc entry. In such situation, we can break the TMS entry rule which say we cannot entert a trade on candle #3. In this way we do not...
Emmanuel, Thank you for such a comprehensive reply. I'm already backtesting PAC and it does give more accurate entries and profitable results than just 5 EMA. Also helps to recognize the trend.
Thank you again!
Those who know don't talk. Those who talk don't know.
  • #31,742
  • Mar 5, 2014 5:49am Mar 5, 2014 5:49am
Quoting emmanuel7788
{quote} EA trade update: Slow moving but trend still intact. Move to a new TP and trailing using the PAC upper channel. {image}
Brilliant!

I was reluctant to take that trade because of the prior uptrend, with green and red TDi being above yellow.

Can I ask what made you take it apart from the TDI cross?

Was it the BEOB from last weeks high along with the TDI cross?


irishtoffy
  • #31,743
  • Mar 5, 2014 5:53am Mar 5, 2014 5:53am
Quoting Bizzzle
{quote} Gonna watch PA on the 5min, I may re-enter! Well done with your profits
Hopefully the final push to my target
Give yourself a chance and trade it like it's layed out...
  • #31,744
  • Mar 5, 2014 5:54am Mar 5, 2014 5:54am
Quoting MrAussieFX
{quote} Thanks for the indicator, Lastingwell. @BigEMM Thanks for the suggestions, I won't take a new trade unless I go through the PCRF.

Don't get me wrong, the PCRF is just one of those reversal candlestick pattern we see often in H1 as Phx62 shared.
There are also other Candlestick Reversal patterns which are also good to use to spot and look for trade setups.
Those posted before are IB, BUOB, BEOB, BUEB, BEEB, DBLHC, DBHLC, etc. are the common ones we see often. We don't have tpo learn all those we read in books and seminars on Japanese Candlesticks.
The Wide Range Bar WRB and Master candle MC are used to look for market consolidation and I avoid taking any trade when price are engulfed in these WRB and MC high low.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,745
  • Mar 5, 2014 5:55am Mar 5, 2014 5:55am
Hi everyone,

There it is, my first post in the TMS thread. Awesome topic and i'm loving the system, been live testing it now for two weeks. I'm also reading the whole thread from the beginning, which I am now at page 32.
Along the way I started to download the big e no custom template and all the indicators needed for TMS. And here comes trouble.

I just can't get my TDI indicator to show up in MT4 indicator list... (This problem is affecting every custom indicator which I try to upload to MT4)
I am trading on a MAC with Metatrader 4. Installed with "Wine" and "Play on Mac", also updated to build 610.
The one I now use is the RSI (13) => M(7), in other words; I use the exact template which is called big e no custom.

I've tried it with the "Data folder" which opens in Wine Explorer. But I can't copy paste the TDI in there from the one file to the other. In fact, I can't copy any file in there..

I hope there are more MAC users in this thread that can help me out with this problem.

Keep up the good work, I love TMS and I will be making my way through the thread in the next couple of weeks.



All the best and good trades!

Wes.
  • #31,746
  • Mar 5, 2014 5:58am Mar 5, 2014 5:58am
Quoting Bizzzle
{quote} Hopefully the final push to my target
M5 says Go! I'll wait for M15confirmation...
Those who know don't talk. Those who talk don't know.
  • #31,747
  • Mar 5, 2014 6:02am Mar 5, 2014 6:02am
Quoting irishtoffy
{quote} Brilliant! I was reluctant to take that trade because of the prior uptrend, with green and red TDi being above yellow. Can I ask what made you take it apart from the TDI cross? Was it the BEOB from last weeks high along with the TDI cross? irishtoffy
That trade was a counter trend trade as the previous week was bullish. So had some risk.
But there are Historical swing levels between 1.5450 and 1.5500 and confluence with the Prev W High.
That PA BEOB and following BEEB combination was just showing the price momentum. Perfect TMS entry.
It is Price Action @ Support and Resistance ... aka PASR A+++ trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,748
  • Mar 5, 2014 6:06am Mar 5, 2014 6:06am
Quoting emmanuel7788
{quote} That trade was a counter trend trade as the previous week was bullish. So had some risk. But there are Historical swing levels between 1.5450 and 1.5500 and confluence with the Prev W High. That PA BEOB and following BEEB combination was just showing the price momentum. Perfect TMS entry. It is Price Action @ Support and Resistance ... aka PASR A+++ trade.
OK..good to note for the next time similar set up appears!
  • #31,749
  • Mar 5, 2014 6:12am Mar 5, 2014 6:12am
Quoting Greenb
{quote} It is in a very interesting situation at the moment though. (and therefore fun to speculate on haha) What i see from my graph is that the peak on that spike (.900) level is quite interesting acting as psycho barrier and S/R since last month. i see price pulling back to that level or from that level quite a few times. my next green line on .8930ish level also seen price stuck on or pullback from last few weeks, so it acts as support now. a bit lower than that is the 8900 level in which there is some support. so far this week all my 4h candle...

Hi Greenb,

Sorry this reply is kind of late after several H4 candles.

But your observationsa are good. I find it difficult to get an entry even on H1 with those WRB/MC. Despite better GDP showing, AU did not run up. This looks like trouble and I am looking to sell.

I did a H4 entry within the H4 WRB and now it is stuck and not moving. Will cut this one soon.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,750
  • Edited 7:05am Mar 5, 2014 6:34am | Edited 7:05am
Quoting Bizzzle
Anyone trading GU 4 hour? Bounce off bottom of channel (maybe pullback candle) Divergence on 4 hour!! Patients is key {image}
There goes the GU, anyone else get in???
Give yourself a chance and trade it like it's layed out...
  • #31,751
  • Mar 5, 2014 7:00am Mar 5, 2014 7:00am
Hi Folks,
If anyone in this room reading this uses Hotforex, please try the MPTM EA attached (it goes in your EA, MQL4 folder) on a demo chart. I just need to know if you get the same error that I do (Break even set to 100, BreakEvenProfit is set to 20 pips), so I can decide to keep or ditch this EA.

In the inputs, just select "manage this trade only" and leave everything else default. Then open the chart and take a picture and post it here in this forum. Then you can delete the chart.

I'm looking to see if you get the same incorrect results on your chart as I do (in RED above).
Attached Image (click to enlarge)
Click to Enlarge Name: resulting chart mptm.jpg Size: 252 KB
Attached Image
Attached File(s)
File Type: mq4 Multi purpose trade manager .mq4   106 KB | 341 downloads
  • #31,752
  • Mar 5, 2014 7:05am Mar 5, 2014 7:05am
Quoting Bizzzle
{quote} There goes the GU, anyone else get in???
Excellent call and analysis Bizzle
  • #31,753
  • Mar 5, 2014 7:09am Mar 5, 2014 7:09am
Quoting lastingwell
{quote} Excellent call and analysis Bizzle
I am in again since 140.50 - hope that the forecast ADP Non-Farm Employment Change will not torpedo that goal (140.90).
Could even get a nice doubled double top.
fxFox (all times in my charts are GMT+1)
  • #31,754
  • Mar 5, 2014 7:14am Mar 5, 2014 7:14am
Went long gpbaud at 8am 1.8627 on the 2nd candle did anyone else get in?
MAY THE PIPS BE WITH YOU!
  • #31,755
  • Mar 5, 2014 7:21am Mar 5, 2014 7:21am
Quoting emmanuel7788
{quote} Fx94, which MTF screen are you asking for? is that the pipware minichart you want? Here a trade that went nowhere, after that WRB, price pullback into the PAC and got trapped inside the PAC, so I closed that. {image}
I am asking for the template with this little windows for D1, H4, H1, M15 timeframes. But i will search for it and try it again to put them into the MT4. If this fails, will PM you. Thank you

Best regards,

Fx94
  • #31,756
  • Mar 5, 2014 7:29am Mar 5, 2014 7:29am
Hi can some please give me cavemanager or another trailing stop ea? Thanks!
MAY THE PIPS BE WITH YOU!
  • #31,757
  • Mar 5, 2014 7:36am Mar 5, 2014 7:36am
Quoting Fx94
{quote} I am asking for the template with this little windows for D1, H4, H1, M15 timeframes. But i will search for it and try it again to put them into the MT4. If this fails, will PM you. Thank you Best regards, Fx94

This is how it looks in my MT4 ;(
Attached Image (click to enlarge)
Click to Enlarge Name: bad template MT4 IBfX.png Size: 31 KB
  • #31,758
  • Mar 5, 2014 7:39am Mar 5, 2014 7:39am
Quoting as33156
Hi can some please give me cavemanager or another trailing stop ea? Thanks!
Take a look at post 30039. http://www.forexfactory.com/showthre...79#post7245779

Best regards,

Fx94
  • #31,759
  • Mar 5, 2014 7:42am Mar 5, 2014 7:42am
Quoting fxFox.mb
{quote} I am in again since 140.50 - hope that the forecast ADP Non-Farm Employment Change will not torpedo that goal (140.90). Could even get a nice doubled double top.
I am also in again at 140.50!!

Do you thing maybe the big boys want everyone to think we have a double top, to gain more sellers? and then push it up more?

Who knows time will tell
Give yourself a chance and trade it like it's layed out...
  • #31,760
  • Edited 8:01am Mar 5, 2014 7:46am | Edited 8:01am
Quoting lastingwell
{quote} Excellent call and analysis Bizzle
Thank you lastingwell, Great to see you
Give yourself a chance and trade it like it's layed out...
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