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Trading Made Simple

  • #36,241
  • Apr 16, 2014 7:13pm Apr 16, 2014 7:13pm
Quoting Erol
{quote} You can find it in the post below {quote}

So we should not consider a setup until MC is cleared with a higher or lower close?
  • #36,242
  • Apr 16, 2014 7:17pm Apr 16, 2014 7:17pm
The answers in the post

Quoting Erol
{quote}So how do we trade them and what do we use...an aggressive plan would use CSP's to build positions (IB/4IB, DBHLC/DBLHC, Pinbars etc.) when a WRB is observed or a more conservative method would just trade the breakout (but then again the break out can be fast and furious so we will need to plan accordingly...)
Also I think Emmanuel just answered your range trading question indirectly in his previous post "Scalp the WRB" how would you do this? use the WRB as a Lower TF range but thats if you want to trade in the "fast lane!"
  • #36,243
  • Apr 16, 2014 7:19pm Apr 16, 2014 7:19pm
Quoting Erol
{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. . . . . . . Take care, Erol
Hi Erol,
Thanks for explaining PCRF and for your pdf file. Great job !
I like the table too and especially the short explanations you made inside it and around your charts.

cheers,
vaper
  • #36,244
  • Apr 16, 2014 7:23pm Apr 16, 2014 7:23pm
Quoting vaper
{quote} Hi Erol, Thanks for explaining PCRF and for your pdf file. Great job ! I like the table too and especially the short explanations you made inside it and around your charts. cheers, vaper
Hi Vaper,

Welcome to TMS, have you been a silent follower for long?

I can't take full credit (I just compiled it) as this is all from Phx62's posts (ncluding the table, which he was kind enough to compile in January of this year) - thank him for the material!
  • #36,245
  • Apr 16, 2014 7:28pm Apr 16, 2014 7:28pm
Quoting dadadada
{quote} Hi I want London open broker. And I'm non US. I want to go live. Big E strategy in pure form. Thanks
Alpari, Pepperstone, Excel Markets, Go Markets --- there are many. If you want London 6am 4h bar you need a broker with Gmt +3 offset. Chart time 3.00 am

During English summer(a bit of humour) you need a gmt +2 broker. Pretty sure Alpari adjusts for that. Most other brokers change with NY DS to keep NY close on daily bar
  • #36,246
  • Apr 16, 2014 7:35pm Apr 16, 2014 7:35pm
Quoting GilR
{quote} You chart read -- still heading south?

GilR:
sorry, I cannot make out what you mean by that.

Monthly MN bias is UP
Weekly W1 bias is DOWN
Daily D1, I am seing consolidation.
Therefore trading H4 and H1 can be either way, so protection of capital is my priority and also I will reduce my risk under these conditions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,247
  • Apr 16, 2014 7:36pm Apr 16, 2014 7:36pm
Quoting emmanuel7788
{quote} GilR: I did not post any private messages in my post to Nellycopter above. If I did, then it is a grave mistake I make and I have to apologise for that mistake and delete my post immediately. Regarding RJ's post, well something he expressed is fair and I acknowdge them. While somethings said were his personal view and therefore I said he is entiltled to express his personal views becasue he does not know me in person. Nevertheless, this week I take in everything being said about me and I will take some time to reflect on all the things being...
Let us close the matter and get on with trying to make a few pips and on the way get help to do that and give help so others may also succeed (Big E reason for the thread)
  • #36,248
  • Apr 16, 2014 7:43pm Apr 16, 2014 7:43pm
Quoting emmanuel7788
{quote} GilR: sorry, I cannot make out what you mean by that. Monthly MN bias is UP Weekly W1 bias is DOWN Daily D1, I am seing consolidation. Therefore trading H4 and H1 can be either way, so protection of capital is my priority and also I will reduce my risk under these conditions.
Hoping you had command of the Forex as does the Reserve Bank governor and could talk the AU down

The correct move would have been to exit at the open today as the TDI hooked.
  • #36,249
  • Apr 16, 2014 7:45pm Apr 16, 2014 7:45pm
Quoting Erol
{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...

Erol:

Your are the man. You spend so much time compiling those Phx62 posts and now sharing them here. That's the spirit in caring and sharing in this TMS family.

There are quite a few candlestick CS pattern recognition indicator posted in FF. It requires mql4 programming skills and add the PCRF to those indicator. I do find the H1 PCRF very intriguing as 4xH1 candles make one H4 candle. So I blend 3 H1 candles as I see them, when a H1 PCRF appears, I can see that particular H4 in action before it actually closes. This I must thank Phx62 for naming those H1 PCRF and for opening my eyesCS PA.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,250
  • Apr 16, 2014 7:46pm Apr 16, 2014 7:46pm
Quoting GilR
{quote} Let us close the matter and get on with trying to make a few pips and on the way get help to do that and give help so others may also succeed (Big E reason for the thread)
Agreed.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,251
  • Apr 16, 2014 7:50pm Apr 16, 2014 7:50pm
Quoting GilR
{quote} Hoping you had command of the Forex as does the Reserve Bank governor and could talk the AU down The correct move would have been to exit at the open today as the TDI hooked.
Different Exit Strategy when TDI goes flat or hook over, and that depends on the folating profits of the trade.
Scaling-out works for me and that can imrpove overall win-rate but decreasing in overall profits measured using initial risk R.

Sorry, that I complicate things with my Exit Strategy using Scaling-out.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,252
  • Apr 16, 2014 7:54pm Apr 16, 2014 7:54pm
[quote=emmanuel7788;7411971]{quote} Different Exit Strategy when TDI goes flat or hook over, and that depends on the folating profits of the trade. Scaling-out works for me and that can imrpove overall win-rate but decreasing in overall profits measured using initial risk R. Sorry, that I complicate things with my Exit Strategy using Scaling-out.[/quote]

Gotcha and a little humour I see!
  • #36,253
  • Apr 16, 2014 7:55pm Apr 16, 2014 7:55pm
seeing a potential TDI bounce on GJ 4hr and stalking a TDI cross on UJ 4 hr as well. candle closes for me at top of the hour.

Seereye
Pip what you see; See what you pip!
  • #36,254
  • Apr 16, 2014 7:58pm Apr 16, 2014 7:58pm
Quoting toledoFX
{quote} I did enter GBP/JPY too! It has some place to go up, so i hope everything will be fine 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.
GBPJPY is doing quite nicely for us at the moment
  • #36,255
  • Apr 16, 2014 8:08pm Apr 16, 2014 8:08pm
Quoting Erol
{quote} Hi Vaper, Welcome to TMS, have you been a silent follower for long? I can't take full credit (I just compiled it) as this is all from Phx62's posts (ncluding the table, which he was kind enough to compile in January of this year) - thank him for the material!
First of all I wanna thank Phx62 for the content of your pdf : Tnx Ph62 !

- - - -
Erol, to answer your question : I have subscribed to FF and this TMS thread since 10 days or so, reading about Eric his TMS and keeping away from discussions that are none of my business.
Its a great thread and very informative, so thanks to all who help us out about this great system.

cheers,
vaper
  • #36,256
  • Apr 16, 2014 8:08pm Apr 16, 2014 8:08pm
EURAUD H1 small PCRF.

A small PCRF appears but I would not trade the NY second half session because it is low liquidity period and the TDI Green above Red but are below Yellow.
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,257
  • Apr 16, 2014 8:22pm Apr 16, 2014 8:22pm
Quoting timginter
{quote}Huge thanks for the hint! Indicators from Post #25 and in "TDI Red Green" it seems to be "RSI_Price" variable. Values from 0 to 5 like on a moving average: 0 close, 1 open, 2 high, 3 low, 4 median, 5 typical weighted close
Hi timginter,

Just to share what I do.
When I use the TDI_Realtime version, I set the RSI to use the Weigthed Close (HLCC/4) value 6. This will consider both the candle high, low and put more weight using its Close price. Visually comparing with Close 0 setting and HLCC/4 6, there is very little difference except when I rely on technical indicator for dashboard monitoring Alerts, that can make some difference when price swings in one single candle, so puitting more weight on Close is preffered. Anyway, trade setup decision has still to be manual by the traders.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,258
  • Apr 16, 2014 8:38pm Apr 16, 2014 8:38pm
Quoting bdnfx86
{quote} Took a stab at EA as well. Also long, NJ.
Stopped out of EA . Took partial profits on NJ and targeting 2nd TP @ ~88.40. 3rd position targeting top of channel.

Cheers
  • #36,259
  • Apr 16, 2014 8:47pm Apr 16, 2014 8:47pm
TMS Monitor Dashboard:

Sorry, this is off-topic.
A very good tool for a lazy person like me to help me monitor several currency pairs I trade is to use a monitor dashboard with ALerts.

Here follow this thread linked.....

http://www.forexfactory.com/showthre...70#post7411970

The coder member name is 'arbinka' someone I respected very much for his mql4 programming skills and his trading skills.

All discussions please got to that thread and not here. We want to keep this thread purely to share and discuss TMS 5-Method trading only.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,260
  • Apr 16, 2014 8:57pm Apr 16, 2014 8:57pm
I did take UJ cross..
http://charts.mql5.com/4/474/usdjpy-...ctdealer-6.png
Pip what you see; See what you pip!
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