{quote} Hithe first thing what I saw in your EU trade, that you entered at the 6. blue candle, which is, I think, to late. And the second thing is, that u not set the sl under the last low. Just for comparing, so looks my EU H4 chart {image}
- #36,223
- Apr 16, 2014 3:27pm Apr 16, 2014 3:27pm
{quote} I took the same trade and set my stop loss at the last swing high and it got taken out....painful. I guess I should have waited because of the GBP news release. Signal looked strong though, good angle on the TDI green line. GilR, in terms of this trade how did you determine your stop loss? Thanks.
Seriously. if you manage your trades daily as per the rules you will not get burnt. I was really 3 pips up with AU still in play) Mind you AU always burns me. How many times should it have fallen the last couple of week only to swing higher. Somebody has some big positions at a higher price that want to liquidate me thinks.
Now we only get burnt if we quit after the loser or start doing silly things to catch up. I have done the latter many times, especially on smaller time frames costing huge chunks $$$
THis is where Big E gives wisdom....patience
Just let TMS catch up for you 
My stop is so far away it would never get hit unless the market went in meltdown. Emergency only. I take myself out. Yesterday I was not going to allow my 4hr trades to turn my daily trade into a loser.
- #36,224
- Apr 16, 2014 3:32pm Apr 16, 2014 3:32pm
This weeks trades on EUR/AUD H1. Today, two very nice setups.....one at LO and the other before NYO. On both setups, TDI green crossed both red and yellow at the open of the entry candle, following Pullback Candle Reversal Formations. The crossing of green over red & yellow and the candle formations were strong indications that price would move 3 to 8 candles before reversing. The long trade moved 4 candles and the short trade has moved 7 candles, so far. Big E knew what he was talking about. {image}
Can you explain the definition of the PCRF candle formation. Emmanuel says he has a indicator for it, so it must be mathematically defined. Can that then be linked on the first page. In fact can one of the old hands refresh the rules of TMS so they also can be linked on first page so new folks dont need to wade thru 1800 pages of -----------
Also can give us some wisdom on channels and how you see price move in them in relation to TMS and support/resistance, retracement versus reversal if you have time
- #36,226
- Edited 4:08pm Apr 16, 2014 3:41pm | Edited 4:08pm
{quote} Hi
I was trying a bounce trade, that's why I entered "late". True, though - it was not a bounce actually and my entry was way to late. I set SL at the bottom of the "channel" after engulfing bar and true again - it should have been under the last low.
{quote} Looks a bit different on my chart with ABP Pro candles, all looks a bit rangy (grey wicks) and contained within the PAC. TDI slope isn't too great either. {image}
Another thing I noticed - TDI was between 50 and 32 levels - a bearish bias/consolidation. It's actually from John Hayden's "RSI - The Complete Guide" and Dean Malone's "E.A.S.Y. Trading Method" (both recommended in one of the early posts as "basics"). Since TDI is the core of eelfranz's TMS and he used to trade E.A.S.Y. I assume he also used his experience interpreting TDI.
Thanks for your thoughts
- #36,228
- Apr 16, 2014 3:49pm Apr 16, 2014 3:49pm
- Joined Oct 2007 | Status: Pip Seer | 1,299 Posts
Finally TP hit {image}
Pip what you see; See what you pip!
- #36,229
- Edited 4:19pm Apr 16, 2014 4:01pm | Edited 4:19pm
{quote} Hi hPx62 Can you explain the definition of the PCRF candle formation. Emmanuel says he has a indicator for it, so it must be mathematically defined. Can that then be linked on the first page. In fact can one of the old hands refresh the rules of TMS so they also can be linked on first page so new folks dont need to wade thru 1800 pages of ----------- Also can give us some wisdom on channels and how you see price move in them in relation to TMS and support/resistance, retracement versus reversal if you have time
Here are some of my notes on PCRF that i've scrambled together from various posts - they might be of some use to you and others that are trying to understand the PCRF. But like most things in this thread they can be used via the search function - thanks Phx62 for the posts!
Also as you trade the daily TF i'm not sure if you use the MC setup but when I was backtesting this part of my entry method it was interesting what appeared in relation to the TDI and the high probability setups that can occur in certain situations (i did have a image but just saw your post and decided to get rid of it - you can do some work if you want to look into it further as it might take your mind of the bickering going on
...food for thought...hope it helps.btw, i don't think he has an indicator for it but this setup (among other candlestick patterns) can easily be coded in the EA that you can find in the "trading made simple EA by guess whom" thread. Oh sorry...i forgot...people don't like that being discussed here
Take care,
Erol
- #36,231
- Apr 16, 2014 4:23pm Apr 16, 2014 4:23pm
{quote} Great now you tell me after I have pulled the trigger
It may test a resistance.You didn't enter EUR/JPY. Because of SHI Channel on 4H? I use those channels too, but just now looking at them and watching how they work.
- #36,232
- Apr 16, 2014 4:23pm Apr 16, 2014 4:23pm
- Joined Oct 2007 | Status: Pip Seer | 1,299 Posts
Pip what you see; See what you pip!
- #36,233
- Apr 16, 2014 4:45pm Apr 16, 2014 4:45pm
{quote} Hi GilR, Here are some of my notes on PCRF that i've scrambled together from various posts - they might be of some use to you and others that are trying to understand the PCRF. But like most things in this thread they can be used via the search function - thanks Phx62 for the posts! {image} Also as you trade the daily TF i'm not sure if you use the MC setup but when I was backtesting this part of my entry method it was interesting what appeared in relation to the TDI and the high probability setups that can occur in certain situations (i...
. Does anybody have the indicator to show the pattern?What is MC setup? Master Candle.
About other matters I think common sence will need to prevail. I see no reason why links cannot be made to any other system FF thread, but I think the main gripe was that other systems where being mixed up in this thread making TMS look overly complicated. That is my take anyway
{quote} Thank you Erol... the stats look impressive
Emmanuel has posted the MC indicator along with many examples of how to trade it using TMS as core (there's some examples in the PDFs I have compiled of his posts as well to help you get a better understanding of the MC and 4IB or inside 4 bar setup) - these setups have increased the amount of entries I can take considerably especially watching boring EOD charts! All of this can be found using the paper clip function for a more in depth study if you want.
Good Luck,
Erol
- #36,235
- Apr 16, 2014 4:55pm Apr 16, 2014 4:55pm
{quote} I did enter GBP/JPY too! It has some place to go up, so i hope everything will be fine
EJ - No
Yesterday I gut a little singed going against the chart trend.
From what I can tell Big E would compress his chart to see trend and I think would say EJ is in down trend on daily -- Lower Highs.
I use the daily channel which says the same thing.
- #36,238
- Apr 16, 2014 5:04pm Apr 16, 2014 5:04pm
- Joined Nov 2008 | Status: Trader | 50,253 Posts | Online Now
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #36,239
- Apr 16, 2014 5:08pm Apr 16, 2014 5:08pm
- Joined Nov 2008 | Status: Trader | 50,253 Posts | Online Now
{quote} Here folks, my trade update for AUDUSD. Have to wait and see if market move down further. Potential is there with a Master Candle in progress. {image} {image}
AUDUSD trade update:
Folks, here is my update to that post on AUDUSD made yesterday. This trade got stopped out at BreakEven BE.
Read my comments on the chart posted below.
Trade Well.
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett