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  • #31,841
  • Mar 6, 2014 9:24am Mar 6, 2014 9:24am
Quoting Fx94
What do you think ? EUR /AUD is getting really interested. Reversal candle is occuring on H4 TF. When this blue candle closes above the last red candle it is a BUOB. If then also a TDI cross happens, it should be a high probability trade ? Best regards, Fx94 {image}
Yes, I agree. I have been watching this also. Plus it is bouncing from 151.50 area, which has been a S/R area for the past couple of months.
  • #31,842
  • Mar 6, 2014 9:46am Mar 6, 2014 9:46am
Quoting niktrad
{quote} Hi Darranforex I was just about to post a reply saying all was normal with MPTM and HotForex mt4 build 610 when I noticed the chart display changed to the one you showed: BreakEven set to 100 & BreakEvenProfit set to 20 pip instead of 10 and 2. It also did the same thing to SL and TP (2000 instead of 200) and a few other odd things. When I tested my copy of MPTM on Hotforex it seems fine. If you're interested this is the version I use: {file} {file}
YOU ARE NOW ONE OF MY FAVORITE PEOPLE NIKTRAD! First, thank you for coming to my rescue, and second for actually putting valid thought into my very serious problem and third: Solving my problem by providing the EA files that actually work. RIGHT ON!

Most thankfully, Darran.
Attached Image (click to enlarge)
Click to Enlarge Name: mptm is working.png Size: 39 KB
  • #31,843
  • Mar 6, 2014 10:02am Mar 6, 2014 10:02am
Quoting darranforex
{quote} YOU ARE NOW ONE OF MY FAVORITE PEOPLE NIKTRAD! First, thank you for coming to my rescue, and second for actually putting valid thought into my very serious problem and third: Solving my problem by providing the EA files that actually work. RIGHT ON! Most thankfully, Darran. {image}
Glad to help.
  • #31,844
  • Mar 6, 2014 10:13am Mar 6, 2014 10:13am
I was watching this trade. What you guys think of going long on EA H4.

Attached Image (click to enlarge)
Click to Enlarge Name: EAH4-Edited.png Size: 174 KB


My concern:
1. Longer TF are still bearish.
2. Should I wait for the bullish candle to get out of PAC
3. PAC and MBL is in downtrend.

My personal view: I should wait for better confirmation.

Regards
  • #31,845
  • Mar 6, 2014 10:17am Mar 6, 2014 10:17am
FxFox - When you said "confluence of pcrf inside master candle" what does that mean? Thanks.
Everything you can imagine, is real - Pablo Picasso
  • #31,846
  • Mar 6, 2014 10:28am Mar 6, 2014 10:28am
Quoting MrAussieFX
I was watching this trade. What you guys think of going long on EA H4. {image} My concern: 1. Longer TF are still bearish. 2. Should I wait for the bullish candle to get out of PAC 3. PAC and MBL is in downtrend. My personal view: I should wait for better confirmation. Regards
I am staying out of this trade, unless I see some bullish momentum with price moving above the close of the previous CS.
  • #31,847
  • Mar 6, 2014 10:32am Mar 6, 2014 10:32am
GJ H4 price hit the high of the channel I drew as part of learning... amazing. Thank you Phx for showing us.

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-06_2330_GJ.png Size: 31 KB
Everything you can imagine, is real - Pablo Picasso
  • #31,848
  • Mar 6, 2014 10:40am Mar 6, 2014 10:40am
The latest channel for EUR/AUD on a H4 chart. As you can see by the gray lines inside the channel, there have been numerous opportunities to trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014.3.6 ea h4 (new channel 3-6).png Size: 53 KB
  • #31,849
  • Mar 6, 2014 10:47am Mar 6, 2014 10:47am
Quoting Direwolf
GJ H4 price hit the high of the channel I drew as part of learning... amazing. Thank you Phx for showing us. {image}
Could you tell us how to draw this kind of channel. I basically trade H4.

Regards
  • #31,850
  • Mar 6, 2014 10:47am Mar 6, 2014 10:47am
Quoting Phx62
The latest channel for EUR/AUD on a H4 chart. As you can see by the gray lines inside the channel, there have been numerous opportunities to trade.{image}
Thank you again Phx. I practice drawing a channel on this pair too, do you think mine makes any sense?

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-06_2345_EA.png Size: 25 KB
Everything you can imagine, is real - Pablo Picasso
  • #31,851
  • Mar 6, 2014 10:51am Mar 6, 2014 10:51am
Quoting fxFox.mb
{quote} Hey Bizzzle, can you "see" in Drahgi's head? I was doubtful that EURJPY will run that far, but with the help of news it pushed up. But ok, trying not to resist that the market couldn't go further, I took the signals as they are, with a little luck for the first and good luck for the 2nd trade was not stopped out. EURJPY H1 1st trade -7 (breakout trade) 2nd trade +overall 74 pips (exited in to parts, PCRF and master candle breakout)
FxFox, are you using a sessions indicator and Yesterdays high low (maybe also last weeks / months) high low on the same chart? I tried too but the ones I have can not be used on the same chart. The sessions will not paint when used in conjuction with Monthly-Weekly-Daily High Low.
Posting Demo charts, mirroring some of them live.
  • #31,852
  • Mar 6, 2014 10:53am Mar 6, 2014 10:53am
Quoting MrAussieFX
{quote} Could you tell us how to draw this kind of channel. I basically trade H4. Regards
Hi.

I think there was someone answering how to set this up in MT4 a few days ago in this thread.

For me, I use cTrader platformand there's this drawing tool which gives me a pair of parallel lines.
The line with 2 dots is to adjust the angle. The line with 1 dots you can only drag it closer or further from the other line.
I use this to draw the top and bottom line, while the middle line was a trend line I drew separately.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #31,853
  • Mar 6, 2014 10:59am Mar 6, 2014 10:59am
EU long trade , NEWS momentum helped with TP reached + 50 pips

I was watching the market before news, and when PA broke above M5 highs, I entered after news release

PA didn't hesitate a bit, was + 20 in no time, pa moved back and almost took me out at BE, but then it just pushes up and hit tp
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU_H1.jpg Size: 287 KB
Click to Enlarge Name: EU_M5.jpg Size: 272 KB
I Have Learned to Take Some Losses to Make Profits
  • #31,854
  • Mar 6, 2014 11:21am Mar 6, 2014 11:21am
Hello,

This trade is just a demo one, but i have a question about it. I took it on the second candle after a TDI cross up. The blue was a BUEB and the TDI signal was near 32 line. I know that the daily trend is downside, but i thougt that this is a reversal formation. Should i hold it ?

I also thought to enter live, when the high of the first blue candle is broken. Perhaps it happens.

Best regards,

Fx94
Attached Image (click to enlarge)
Click to Enlarge Name: interesting H4 fail trade.png Size: 36 KB
  • #31,855
  • Mar 6, 2014 11:33am Mar 6, 2014 11:33am
Quoting emmanuel7788
{quote} Click and download this TDI_RT.ex4 and copy it to your MT4\MQL4\Indicator folder.
emmanuel7788,

Thanks for sharing the file. It works fine. Have a great day!

donbeto
  • #31,856
  • Mar 6, 2014 11:38am Mar 6, 2014 11:38am
Fx94 - I checked the daily TF and the pair is right in the middle of chops. No telling where the price will go.

Short term however, price did touch H4 trend line to the pip and bounce down. Not a good sign to go long imo. Let's see if H4 TDI will hold.
Everything you can imagine, is real - Pablo Picasso
  • #31,857
  • Mar 6, 2014 11:42am Mar 6, 2014 11:42am
AU Trade update, currently +126 pips. Price has reached a round number level so i will watch closely (.91000). News helped this one move.
  • #31,858
  • Mar 6, 2014 11:53am Mar 6, 2014 11:53am
Quoting emmanuel7788
EG trade , move SL to protect another 1xR and move TP to 3xr level {image} {image}
Hi emmanuel7788,

How do you establish those levels on your chart? Do you do that manually or do you use a special indicator?

donbeto
  • #31,859
  • Mar 6, 2014 12:24pm Mar 6, 2014 12:24pm
Hi folks,

Valid entry? Can someone verify where I can put my tp? Is it better to wait it out for the second candle and a break of the ema?
Thanks in advance, i'm learning everyday to get better with this great system!

Wes.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 370 KB
  • #31,860
  • Mar 6, 2014 1:43pm Mar 6, 2014 1:43pm
Quoting Bizzzle
{quote} Finally my target was hit on EJ at 140.90 +140 pips Break-even +40 pips {image}
Excellent Trade Bizzzle. Trading like this requires a lots of patience
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