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Trading Made Simple

  • #36,321
  • Apr 17, 2014 5:20am Apr 17, 2014 5:20am
Quoting Direwolf
Hi GilR, Bizzzle. These are trades I took 2 hours before LO. I marked my entry point with green vertical line. Obviously they are not looking good. Would love your opinion and everyone's opinion as well. Thank you! {image}
The two Aussie pairs are going ok for you, but how come you can trade SGDJPY? What spread?

Also, did you enter on the third red candle? or during the second ?

Gil
  • #36,322
  • Apr 17, 2014 5:25am Apr 17, 2014 5:25am
Quoting Next4467
{quote} Hi Just change the frame style to 2. hope this helps. {image}
Thanks Next4467,

Thanks for the help with this one - it seems like we have different indis for these Breakout Boxes as the inputs on mine are quite different to yours. I got mine from where Emmanuel showed on his post 36,291.

Which indi are you using - does it look the same as Phx62 has on his charts?

If so, please can you let me know the name so I can do a search.

Thanks for your kindness,

Gavin
  • #36,323
  • Apr 17, 2014 5:26am Apr 17, 2014 5:26am
What you guys think of GU ?

Attached Image (click to enlarge)
Click to Enlarge Name: GU H1.png Size: 31 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GU H4.png Size: 28 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily.png Size: 39 KB


Regards
  • #36,324
  • Apr 17, 2014 5:28am Apr 17, 2014 5:28am
Quoting MrAussieFX
What you guys think of GU ? {image} {image} {image} Regards
Have a holiday I think it to late to get into a serious trade
  • #36,325
  • Edited 5:53am Apr 17, 2014 5:39am | Edited 5:53am
Quoting MrAussieFX
What you guys think of GU ? {image} {image} {image} Regards
News events coming up in US and holiday season is almost upon us.

Sorry to hear you lost money.

GU is in Daily supply zone so be careful.
  • #36,326
  • Apr 17, 2014 6:06am Apr 17, 2014 6:06am
Quoting GilR
Am I right in assuming that with PCRF the second bar is a pin bar. Can it have any wick on top say a short candle?
GilR,

as phx62 pointed out for a good PCRF:
- The longer wick the better setup.
- The body should be ad least half the size of the candle.
- No wick on the other side
(but here the examples of phx62 show sometimes wicks)
fxFox (all times in my charts are GMT+1)
  • #36,327
  • Apr 17, 2014 6:15am Apr 17, 2014 6:15am
EURJPY H1 trade currently running

Unfortunately I didn't enter the EURAUD H1 setup today, which shows a better performance and meanwhile would've reached the 50 pips target.

Because of the small consolidation inside the TOK_5H channel I decided to take the EURJPY today. Afterwards I was a little distracted from work, so I missed the EURAUD entry.

The maximum move up to now was +25 pips, now in de area of +18/20 pips. Meanwhile stop at B/E - free trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-04-17 13.00 EURJPY H1 - status.png Size: 142 KB
fxFox (all times in my charts are GMT+1)
  • #36,328
  • Apr 17, 2014 6:17am Apr 17, 2014 6:17am
Quoting Phx62
{quote} I understand your question and what you say is true if you are using a version of the TDI that moves real time. The TDI I have on my charts only moves at the close/open of each candle so when the red candle (where your arrow points) opened, the TDI green line crossed over the red and the yellow lines. I entered shortly after that candle opened. Yes, it is possible that price could reverse again and move back up, and if it did, the TDI I have on my charts would only change at the close of the candle your arrow points to.....and once it closed,...
Hi PHX62, Could you post the version of TDI u use. I too enter at the open (as Big E did) but the version I have does change during the candle formation.

Thanks! Scott
  • #36,329
  • Apr 17, 2014 6:19am Apr 17, 2014 6:19am
Quoting nsscott
{quote} Hi PHX62, Could you post the version of TDI u use. I too enter at the open (as Big E did) but the version I have does change during the candle formation. Thanks! Scott
Search the paperclip above for

TDI Red Green.mq4 or Traders Dynamic Index.mq4
that are the non realtime ones
Attached Image(s) (click to enlarge)
Click to Enlarge Name: hc_paperclip.png Size: 11 KB
Click to Enlarge Name: hc_paperclip1.png Size: 75 KB
fxFox (all times in my charts are GMT+1)
  • #36,330
  • Apr 17, 2014 6:23am Apr 17, 2014 6:23am
Quoting nsscott
{quote} Hi PHX62, Could you post the version of TDI u use. I too enter at the open (as Big E did) but the version I have does change during the candle formation. Thanks! Scott
phx62 posted the one he trades with, search for his name as the poster of the indicator.
  • #36,331
  • Apr 17, 2014 6:29am Apr 17, 2014 6:29am
BTW - I miss snarlyjack for some time now.

Someone knows anything about him?
He was last online in November.
fxFox (all times in my charts are GMT+1)
  • #36,332
  • Apr 17, 2014 6:33am Apr 17, 2014 6:33am
There was a lovely TDI bounce (continuation) trade on EA 1H during London morning today.

1 Red APB candle and then a straight switch back to a blue with a strong TDI bounce indicates high possibility of a continuation.

Still looks like more upside to go but I took all that I needed:

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_bounce.png Size: 52 KB
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #36,333
  • Edited 7:06am Apr 17, 2014 6:37am | Edited 7:06am
Quoting fxFox.mb
EURJPY H1 trade currently running Unfortunately I didn't enter the EURAUD H1 setup today, which shows a better performance and meanwhile would've reached the 50 pips target. Because of the small consolidation inside the TOK_5H channel I decided to take the EURJPY today. Afterwards I was a little distracted from work, so I missed the EURAUD entry. The maximum move up to now was +25 pips, now in de area of +18/20 pips. Meanwhile stop at B/E - free trade. {image}
hi FXFo,

when you said that it was a good setup to long EA, is it only based on the bounce of TDI or is there any other reasons for entering the trade ? don't you think that it could be a PRCF where you pointed the arrow and by that time TDI would be already green touching red ?
Thanks

BTW : do you use real time TDI ?
  • #36,334
  • Apr 17, 2014 6:39am Apr 17, 2014 6:39am
Quoting fxFox.mb
EURJPY H1 trade currently running Unfortunately I didn't enter the EURAUD H1 setup today, which shows a better performance and meanwhile would've reached the 50 pips target. Because of the small consolidation inside the TOK_5H channel I decided to take the EURJPY today. Afterwards I was a little distracted from work, so I missed the EURAUD entry. The maximum move up to now was +25 pips, now in de area of +18/20 pips. Meanwhile stop at B/E - free trade. {image}
Took a very similar trade as yours on H1. No more daily trades for me. Took a hit
Attached Image (click to enlarge)
Click to Enlarge Name: pic60.png Size: 66 KB
the cautious seldom err....C
  • #36,335
  • Apr 17, 2014 6:53am Apr 17, 2014 6:53am
Quoting MrAussieFX
What you guys think of GU ? {image} {image} {image} Regards
I personally really like GU setup as a counter trend scalp.

One thing I would say is to take it off a clean TMS signal and manage it on one TF. Right now I am only looking at the 4h TF for this GU setup. If you took it off the 1h chart the entry should have been last candle imo (as Big E said 1st or 2nd candle).

Another thing the trade has going for it on the H4 chart is huge divergence on the TDI between the two 4h peaks (ive marked this with yellow lines on chart below).

But like any trade, no matter how 'good' it looks it can still run straight to stop loss so plan how much you are willing to lose and don't waver on it.

Just my 2p worth - hope it helps.

Jimmy
Attached Image (click to enlarge)
Click to Enlarge Name: GU_div.png Size: 53 KB
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #36,336
  • Apr 17, 2014 7:05am Apr 17, 2014 7:05am
Quoting MrAussieFX
I am back from work and jumped on my PC to see something that added a bit to my this weeks worst trades. Took this EA H4 trade yesterday as shown in post 36,152 here and put my initial SL at 30 pips. The trade started to go against me and I moved my stoploss to 100 pips as it was getting late for me to monitor the trade but before going to bed I moved it to 80 pips don't know what hit me. I woke up this morning just to witness that my SL at 80 pips got hit during the night...
Hi

I am from S.A. and i also took same trade yesterday, but have faith in trend and did not close , to day closed in 20 pip profit.
  • #36,337
  • Apr 17, 2014 7:08am Apr 17, 2014 7:08am
Quoting geomoon
{quote} hi FXFo, when you said that it was a good setup to long EA, is it only based on the bounce of TDI or is there any other reasons for entering the trade ? Thanks BTW : do you use real time TDI ?
There are some indications:
- TDI green from red bounce, above MBL
- price stayed above TOK_5H channel high
- London Open candle and the following made a double bottom and form as two red candles a small retracement to the previous upmove
- price action is above the emas
- the trend line beginning on monday (light blue line)

Yes I use a realtime TDI
fxFox (all times in my charts are GMT+1)
  • #36,338
  • Apr 17, 2014 7:10am Apr 17, 2014 7:10am
Quoting jimmynoodles
There was a lovely TDI bounce (continuation) trade on EA 1H during London morning today. 1 Red APB candle and then a straight switch back to a blue with a strong TDI bounce indicates high possibility of a continuation. Still looks like more upside to go but I took all that I needed: {image}
Like your profile and good to see you made some pips
  • #36,339
  • Apr 17, 2014 7:27am Apr 17, 2014 7:27am
Quoting alex8585
Hi to all, This is how i figured out to trade daily charts after backtesting. 1. Colour change in APB firts condition. 2. TDI cross above MBL long (only if tdi cross occures in the oversold zone in opposite direction of the trend can be taken long) 3.Shorts via versa. No other indicators or filters NOTHING. I had impressive results. Next week i will start posting trades taken on daily charts. If any suggestion feel free to advice as we are open minded. Also big request to senior members if it is against TMS system the rules described. Good...
I have one suggestion you may include one more situation
FOR LONG

1. Color change in APB first condition.
2. TDI cross even below MBL long BUT PA is above 50 EMA ( however , Most of the time when PA is above 50 EMA TDI is already above MBL) but some time this situation comes and you can get a setup.

FOR SHORT vice versa

Regards
  • #36,340
  • Apr 17, 2014 7:44am Apr 17, 2014 7:44am
Quoting fxFox.mb
{quote} There are some indications: - TDI green from red bounce, above MBL - price stayed above TOK_5H channel high - London Open candle and the following made a double bottom and form as two red candles a small retracement to the previous upmove - price action is above the emas - the trend line beginning on monday (light blue line) Yes I use a realtime TDI
That makes sense..... , Thanks for the explanation.
Cheers
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