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Trading Made Simple

  • #32,681
  • Mar 18, 2014 5:07am Mar 18, 2014 5:07am
Quoting hostwey
{quote} Yes there was probably an entry this morning on EJ at 8am but the H4 100 SMA was only around 19 pips or so away and PA has been ranging round that since last week. For TMS to work for me on the H4 needs to be a signal (colour change) candle at the latest 4am and a TDI crossover on the 8am to maximise London session.
Yes thats what I had on the gmt server this morning, the 4am HA candle was red and then the tdi crossed at 8am, at the moment with the experiment of trading like eelfranz thats all I'm looking for at present, not MA's.
  • #32,682
  • Mar 18, 2014 5:18am Mar 18, 2014 5:18am
Shorted AJ to join the trend... -20 Pips so far
Those who know don't talk. Those who talk don't know.
  • #32,683
  • Mar 18, 2014 5:39am Mar 18, 2014 5:39am
Quoting gsbharaj
i am still relunctant to short EJ. as you can see in my chart i am using GMT 0 broker and the present h4 candle which made the TDI cross hasn't completed. and on top of it there is a strong resistance level of 200 EMA and the round number level of 141.. red lights for me at present {image}

Hi gsbharaj,

please post the same chart without the APB showing on H4 (you can simply use the indicator properties visualization tabs not to show on H4) ,
then I will explain how to take a trade using candlestick pattern. There is risk when we do not wait for the TDI cross and the APB candle#2 close to confirm.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,684
  • Mar 18, 2014 5:43am Mar 18, 2014 5:43am
I think I missed it.
What is LO and FO bar?
I have a guess but please let me know.
  • #32,685
  • Mar 18, 2014 5:48am Mar 18, 2014 5:48am
Quoting smilee89
I think I missed it. What is LO and FO bar? I have a guess but please let me know.
London Open
Frankfurt Open
  • #32,686
  • Mar 18, 2014 5:48am Mar 18, 2014 5:48am
Quoting emmanuel7788
{quote} Thanks Mate. People who are thinking of trading to supplement their fulltime job income should work on a trading business plan with realistic financial objectives. Focus on risk reward and taking only the high probability A+++ trade setups and use a proven money management strategy which supports the 'let profits run' concept. Risk reward is more important than the pips count and in using position sizing strategy and building up positions (scaling in), a profita cycle of 10% every 20 trading days is both realistic and achievable. Think of...
Thanks for precious advice
I am trading only A+++ setups and and have quite a good winning ratio , so i am focusing now on risk reward.
Would you be kind to let me know your risk reward management strategy with TMS.
I know i can use PAC for it but I want to know exactly how you scale in like if i am in trade and its running good then most probably what i will do is to take some profit, move rest to break even plus buffer and set a final tp.
If TDI tweaks then i consider closing my all position,
According to my understanding you might be adding positions when TDI cross MBL, or bounce of TDI from red line etc but if TDI tweaks shouldnt we exist and wait for bounce to enter again?
Or we should let the existing trade running, move stop to break even and scale in on bounce.
Sorry for writing scattered thoughts, its all running in my head while i am writing this so inserting it in post. I think you will get the idea what i am looking for in your mind.
I am not random, U just can't think as fast as me....
  • #32,687
  • Mar 18, 2014 5:49am Mar 18, 2014 5:49am
Quoting hostwey
{quote} London Open Frankfurt Open
Thanks.
  • #32,688
  • Edited 6:08am Mar 18, 2014 5:50am | Edited 6:08am
CJ 4Hr

Took a short on this (91.78). Descending triangle respecting resistance. TP @ 91.30. Have a 20p trailing stop since I'm seeing ~45-50 pip downside.
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  • #32,689
  • Mar 18, 2014 5:57am Mar 18, 2014 5:57am
Quoting emmanuel7788
{quote} Hi gsbharaj, please post the same chart without the APB showing on H4 (you can simply use the indicator properties visualization tabs not to show on H4) , then I will explain how to take a trade using candlestick pattern. There is risk when we do not wait for the TDI cross and the APB candle#2 close to confirm. regards, EMMANUEL
here you go sir
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Come tomorrow, I'll wake up new
  • #32,690
  • Mar 18, 2014 6:01am Mar 18, 2014 6:01am
Quoting bdnfx86
EJ 4Hr Took a short on this (91.78). Descending triangle respecting resistance. TP @ 91.30. Have a 20p trailing stop since I'm seeing ~45-50 pip downside.{image}
I believe you meant AJ H4 or if you meant EJ H4 in that case wrong chart.

Regards
  • #32,691
  • Mar 18, 2014 6:06am Mar 18, 2014 6:06am
Quoting lastingwell
{quote}Yes thats what I had on the gmt server this morning, the 4am HA candle was red and then the tdi crossed at 8am, at the moment with the experiment of trading like eelfranz thats all I'm looking for at present, not MA's.

Hi I reread the pdf and your right eeffranz says to enter at the start of a candle that crossed. Seems like that way gives a lot of false singles on my platform. Unlike when I enter after the crossed in finished. He would trade Pacific Time. Because of his charts.

He says his broker post new 4hr charts at 10pm, 2am, & 6am his time Pacific. Thats 1pm, 5am, & 9am my time. My broker gives new 4hr candles at 12am, 4am, 8am, 12pm, 4pm, 8pm

So I would need to find a broker that was -8 hours behind my GMT to trade his way it seems. Or am I mistaking? Would you mind showing me your chart you are using for a few pairs so I can see the difference?

Thanks!
MAY THE PIPS BE WITH YOU!
  • #32,692
  • Mar 18, 2014 6:08am Mar 18, 2014 6:08am
Quoting MrAussieFX
{quote} I believe you meant AJ H4 or if you meant EJ H4 in that case wrong chart. Regards
Whoops... CJ
  • #32,693
  • Mar 18, 2014 6:12am Mar 18, 2014 6:12am
Quoting as33156
{quote} Hi I reread the pdf and your right eeffranz says to enter at the start of a candle that crossed. Seems like that way gives a lot of false singles on my platform. Unlike when I enter after the crossed in finished. He would trade Pacific Time. Because of his charts. He says his broker post new 4hr charts at 10pm, 2am, & 6am his time Pacific. Thats 1pm, 5am, & 9am my time. My broker gives new 4hr candles at 12am, 4am, 8am, 12pm, 4pm, 8pm So I would need to find a broker that was -8 hours behind my GMT to trade his way it seems. Or am I mistaking?...
Well Big E used FXDD which are currently GMT +3. I downloaded a demo to compare.

However I think the 'spirit of TMS' is to trade the volatility of the London Open and avoid the ranginess of the later New York session.

Depends what you mean by 'false signals." If by TDI crosses alone then probably yes, but a lot of other factors come into play such as momentum, size of candles, support / resistance and so on.

I agree with Bizzzle in that today there were no 'Big E TMS' signals this morning on H4 charts.

Maybe on AJ/EJ pairs on lower time frame charts, hourly and less and so on.

Just my ten cents...

Just to add I'm not sure what TDI I should be using. Big E used a simple green over red version. I currently using the TDI real time indicator. Now there is a TDI Pro or something. All very confusing. Tempted to just go back to the Big E version
  • #32,694
  • Mar 18, 2014 6:42am Mar 18, 2014 6:42am
Quoting as33156
{quote} Hi I reread the pdf and your right eeffranz says to enter at the start of a candle that crossed. Seems like that way gives a lot of false singles on my platform. Unlike when I enter after the crossed in finished. He would trade Pacific Time. Because of his charts. He says his broker post new 4hr charts at 10pm, 2am, & 6am his time Pacific. Thats 1pm, 5am, & 9am my time. My broker gives new 4hr candles at 12am, 4am, 8am, 12pm, 4pm, 8pm So I would need to find a broker that was -8 hours behind my GMT to trade his way it seems. Or am I mistaking?...
Mine is gmt +0, Bizzle trades at gmt +2 which is the same candles as eelfranz took (ignoring this couple of weeks of the year when fxdd is in front by 1 hour) I will post some charts later on as I'm not at my desk at the moment, but it doesn't matter which charts you trade, the principal is the same, good cross of the tdi on h4 chart, along with PA. Sometimes Bizzle will get a signal and I won't, sometimes it will be the other way around. Yesterday for instance, Bizzle was still in when price turned around and I had already come out, today it could have been different, all in all its not important which h4 charts you trade its how you trade them.
  • #32,695
  • Mar 18, 2014 6:49am Mar 18, 2014 6:49am
Crazy JPY
AJ -40 pips sl
EJ -65 pips sl

in just +/- 10 minutes.. Can't see the reason why lol, anyone else having a problem with JPY?

Wes
  • #32,696
  • Mar 18, 2014 6:58am Mar 18, 2014 6:58am
This news http://www.forexfactory.com/news.php?do=news&id=475858 impacted my EJ and GJ both hit my stop loss 39 pips and 41 pips.

I think the trades were good but as the big news moved the trades in my favor but I didn't see this coming and this was not in the FF calendar.

Regards
  • #32,697
  • Mar 18, 2014 6:58am Mar 18, 2014 6:58am
Quoting BallijnForex
Crazy JPY AJ -40 pips sl EJ -65 pips sl in just +/- 10 minutes.. Can't see the reason why lol, anyone else having a problem with JPY? Wes

i think it was putin speech. (i might be wrong)
  • #32,698
  • Mar 18, 2014 6:58am Mar 18, 2014 6:58am
Quoting lastingwell
{quote} Mine is gmt +0, Bizzle trades at gmt +2 which is the same candles as eelfranz took (ignoring this couple of weeks of the year when fxdd is in front by 1 hour) I will post some charts later on as I'm not at my desk at the moment, but it doesn't matter which charts you trade, the principal is the same, good cross of the tdi on h4 chart, along with PA. Sometimes Bizzle will get a signal and I won't, sometimes it will be the other way around. Yesterday for instance, Bizzle was still in when price turned around and I had already come out, today...
Yeah you are correct about the different broker times. I don't want to have to look at more then 6 4hr candles a day.

GBPNZD is about to give a short entry its at a fib level though and the bar is massive. I think I will skip this one.
MAY THE PIPS BE WITH YOU!
  • #32,699
  • Mar 18, 2014 7:01am Mar 18, 2014 7:01am
Quoting BallijnForex
Crazy JPY AJ -40 pips sl EJ -65 pips sl in just +/- 10 minutes.. Can't see the reason why lol, anyone else having a problem with JPY? Wes
Turned round at went North at 11.30 am. Now looking like a pin bar reversal on the 4 hourly.
  • #32,700
  • Mar 18, 2014 7:05am Mar 18, 2014 7:05am
Quoting BallijnForex
Crazy JPY AJ -40 pips sl EJ -65 pips sl in just +/- 10 minutes.. Can't see the reason why lol, anyone else having a problem with JPY? Wes
Reaction to Putin addressing the Russian Parliament?
Thanks for your help, warmth and straight talking Heather.
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