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  • #34,081
  • Mar 27, 2014 12:53am Mar 27, 2014 12:53am
is this a valid buy setup if TDI cross when next candle open?
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Helanka
  • #34,082
  • Mar 27, 2014 1:08am Mar 27, 2014 1:08am
Quoting Helanka
is this a valid buy setup if TDI cross when next candle open?
Helanka;

I'm still new to this system and thread, but if it were me, I'd continue watching these two pairs. If green crosses red (and it probably will), it will not be a very strong entry. Both pairs are really ranging right now, both TDI and stoch are rollin' around the 50's. I like to see, as others have suggested, a good angled TDI cross down, above the 68 for a short, or a good angled TDI cross up, under the 32 for along.

Seereye
Pip what you see; See what you pip!
  • #34,083
  • Mar 27, 2014 1:12am Mar 27, 2014 1:12am
Quoting hostwey
{quote} wow, yes it does. GMT server candles. My FXDD MT4 chart looks more like yours. Yes it could bounce and continue up but it was looking a little over bought on the TDI. UK retail sales at 9.30 this morning.
Finally. GU rejected 1.6600 and TDI is hooking down. If price can break below the pull back candle, I may enter short. Will wait and see what it looks like.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #34,084
  • Mar 27, 2014 1:14am Mar 27, 2014 1:14am
Quoting Helanka
is this a valid buy setup if TDI cross when next candle open? {image} {image}
EJ - price had been bouncing between 2 round numbers (141 and 142). These 2 levels are now very strong S/R. Be very cautious trading right into them.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #34,085
  • Mar 27, 2014 1:20am Mar 27, 2014 1:20am
Hi. I am using the Synergy PRO TDI indicator. It does not have the cross of red/green as other TDI indicators. The default RSI setting 10 on the SynergyPro I adjusted to 13 like other indicators but it is not the same anyway.

Please look att attached pic with all three TDI variants (the original and Zaphods Osc). The cross has not happened on the top indicator.

Is the SynergyPRO indi not recommended trading this TMS as it is not showing the same on the charts?

http://charts.mql5.com/4/278/gbpjpy-...-prime-pty.png
  • #34,086
  • Mar 27, 2014 1:42am Mar 27, 2014 1:42am
Wow. Totally missed this set up!

NZDJPY H4. 2 pull back bars in a row. My favourite set up.
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Also bottom of channel, nice room to move up for 1:1 RR at least, HA color change & TDI cross. What else could you ask for?
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Right in my face lol.
Everything you can imagine, is real - Pablo Picasso
  • #34,087
  • Mar 27, 2014 1:47am Mar 27, 2014 1:47am
Quoting LFN
Hi. I am using the Synergy PRO TDI indicator. It does not have the cross of red/green as other TDI indicators. The default RSI setting 10 on the SynergyPro I adjusted to 13 like other indicators but it is not the same anyway. Please look att attached pic with all three TDI variants (the original and Zaphods Osc). The cross has not happened on the top indicator. Is the SynergyPRO indi not recommended trading this TMS as it is not showing the same on the charts? {image}
Hello. Just a question. Whats the name and set up of the iindicator with those two yellow lines? It seems very very usefull
  • #34,088
  • Mar 27, 2014 2:09am Mar 27, 2014 2:09am
Quoting LFN
Hi. I am using the Synergy PRO TDI indicator. It does not have the cross of red/green as other TDI indicators. The default RSI setting 10 on the SynergyPro I adjusted to 13 like other indicators but it is not the same anyway. Please look att attached pic with all three TDI variants (the original and Zaphods Osc). The cross has not happened on the top indicator. Is the SynergyPRO indi not recommended trading this TMS as it is not showing the same on the charts? {image}

LFN:

You need to check what it the RSI Price type set in those indicators. The defautl was set to '0' which is the Close price.
If you set that to '5' or '6' , then those TDI lines will be different.

Also, differently coded TDI can show slight difference even when the price type is set to same.

You can set the TDI to ise RSI Price Type to '6' to use the Weighted Price HLCC/4. This will take into consideration the candle price high, low and give more weigth to the close.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,089
  • Mar 27, 2014 2:16am Mar 27, 2014 2:16am
Quoting Helanka
Dear Emmanuel,Bizzle & other H4 trade friends, I have away from this thread & Forex business last couple of week & i have to travel my wife's house because of my new born baby.There was no internet facility.Now I have come back but i can not trade h1 time frame now because of my new job.So I want to shift H4 time frame & i want to back test some pairs. Pls give me your help by answering below questions. 1) What are the most suitable currency pairs to trade on H4 by using TMS method.(according to the current market situation) 2) When you enter trade...

Helanka:

Congratulations on being new father. Where is my cigar?
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First you decide your daily trading business hours, then you can trade using the H1 chart for entry at anytime of the day.
You should have at least two systems, one for intraday trading and another for 4H swing trading. Another, a third system for longer term position trading, that is what I have done under the guidance of my mentor.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,090
  • Mar 27, 2014 2:24am Mar 27, 2014 2:24am
Entered on USDCAD


EJ

GBPCAD i position holding since yeaterday
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Sad i'm not trying to understand PA
  • #34,091
  • Mar 27, 2014 2:44am Mar 27, 2014 2:44am
Quoting omonisha
Entered on USDCAD EJ GBPCAD i position holding since yeaterday {image} {image} {image}
Hey Omonisha - very good trades! Keep it up. Would you be so kind to share your ADR indicator/projections you have on the top left of your screen.

Thanks
  • #34,092
  • Mar 27, 2014 2:48am Mar 27, 2014 2:48am
Quoting kingdomk
{quote} Hey Omonisha - very good trades! Keep it up. Would you be so kind to share your ADR indicator/projections you have on the top left of your screen. Thanks
Here you go mate

It's all inside the paper clip at the top right of this page

Happy pipin
Attached File(s)
File Type: ex4 LFL-ATRprojections.ex4   6 KB | 415 downloads
Sad i'm not trying to understand PA
  • #34,093
  • Mar 27, 2014 3:08am Mar 27, 2014 3:08am
Quoting Zoopots
{quote} MartC, Let me echo Emmanuel's comments at 33,902. I got in FOREX trading in 2006 with a $3000 purchase hyped up at a local Red Lion presentation. Several systems, meetings, webinars and conferences later I realized the problem was me...not the market. It clicked when my wife said "Why do you keep switching systems"...and I had no answer that in reality was an excuse for my short comings as a trader. I eventually decided 1. How I wanted to trade, 2. When I wanted to trade and 3. Why I wanted to trade. Then I forced myself (and it was painful,...
Jeez I feel like I am stuck in that exact same zone before success of regularly repeating my mistakes! Even though I know what they are it still happens!

I am on a demo for quite a few months now, I always take silly trades off my plan, just because it is on demo and I may as well try it. But I think those destroy my confidence for getting in and staying in on actual trades that have potential to run.

I am considering opening a small live account, just to force myself to trade properly and follow my plan rather than having this 'gung ho' attitude to a demo account balance!

irishtoffy
  • #34,094
  • Mar 27, 2014 3:09am Mar 27, 2014 3:09am
EJ moved to break even. I should have entered at the green level when it broke below 2 bar reversal rejecting 141.00 but I wasn't watching my monitor so I got in at the red instead. Gotta manage it a bit tight.
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Moved to BE here based on these wicks
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AJ only missed my TP by 4 pips... very likely it will be out at BE, I'll leave it alone.
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Everything you can imagine, is real - Pablo Picasso
  • #34,095
  • Mar 27, 2014 3:13am Mar 27, 2014 3:13am
Quoting omonisha
{quote} Here you go mate It's all inside the paper clip at the top right of this page Happy pipin {file}
Sorry tried looking in there but wasn't sure which ADR indicator it was. Thanks v much.

I'm currenly short on A/J as PA is testing the heart line, confirmed with a HH LL LH .... expecting a LL. Currently price is above PAC but the TDI crossed in the overbought region. Im expecting to TP near the lower TL and move stop to BE at +30
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  • #34,096
  • Mar 27, 2014 3:14am Mar 27, 2014 3:14am
Quoting emmanuel7788
{quote} LFN: You need to check what it the RSI Price type set in those indicators. The defautl was set to '0' which is the Close price. If you set that to '5' or '6' , then those TDI lines will be different. Also, differently coded TDI can show slight difference even when the price type is set to same. You can set the TDI to ise RSI Price Type to '6' to use the Weighted Price HLCC/4. This will take into consideration the candle price high, low and give more weigth to the close. regards, EMMANUEL
These are my settings which are default. Can you confirm the TDI real time indicator is the correct one Emmanuel?
Attached Image
  • #34,097
  • Mar 27, 2014 3:16am Mar 27, 2014 3:16am
Just a quick question re. support and reserve lines in Metatrader 4.

If I use the monthly timeframe as a 'boss' chart and place major S and R lines on it, they seem to disappear if I change the template from the one I use for viewing charts with HA candles and the 'normal' template I sometimes use to see standard candles.

Is there an easy way to preserve these long-term S and R lines on the charts as you switch between templates?
  • #34,098
  • Mar 27, 2014 3:19am Mar 27, 2014 3:19am
Irish - I would say you need to be able to follow your plan on demo first. What you need is not only discipline, but confidence as well. Only way to build confidence is you need to repeatedly have positive results and it's best to acquire that from demo first.

Once you start a live account, you'll be bombard with emotion and the psychology side of trading. So it would be a good idea to nail down other aspects first so you can tackle psychology alone one live account.
Everything you can imagine, is real - Pablo Picasso
  • #34,099
  • Mar 27, 2014 3:25am Mar 27, 2014 3:25am
Quoting emmanuel7788
{quote} Helanka: Congratulations on being new father. Where is my cigar? {image} First you decide your daily trading business hours, then you can trade using the H1 chart for entry at anytime of the day. You should have at least two systems, one for intraday trading and another for 4H swing trading. Another, a third system for longer term position trading, that is what I have done under the guidance of my mentor. regards, EMMANUEL
Thank you Emmauel

Also pls advise foe below.What should i do for below trade.it is now -60 pip.SL is 100 pip.I enter it on my Live account.

Thanks
Helanka
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Helanka
  • #34,100
  • Mar 27, 2014 3:29am Mar 27, 2014 3:29am
Update to my three positions from 34,038 post:

USDCAD hit target before I could manage TP and S/L levels: +156 pips.

AUDJPY: S/L moved up slightly to 93.77 (below PAC); TP left at 95.57; ignored sell TDI signal as I'm still in the long and have PA + PAC rules (3/27/0000 candle did not close below PAC...came within a few pips of S/L then headed north again); if S/L hit, profit just over 200 pips.

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CADJPY: S/L moved up slightly to 91.62; TP left at 92.34; current HE candle came within 12 pips of TP...going to leave levels alone and see if it will close for +132 pips.

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