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  • #39,781
  • Jul 11, 2014 6:02am Jul 11, 2014 6:02am
Did enter EUR/AUD short. It's a ranging day, but i hope it will bring some movement.
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  • #39,782
  • Jul 11, 2014 6:09am Jul 11, 2014 6:09am
Quoting toledoFX
Did enter EUR/AUD short. It's a ranging day, but i hope it will bring some movement. {image}
Hi toledoFx,

Can yu help me with my previous post telling me what you think I did wrong.

Thanks
  • #39,783
  • Jul 11, 2014 6:16am Jul 11, 2014 6:16am
Quoting ronichimo
Hi, Someone can tell me what I did wrong on the next order Thanks for your help{image}
today I also had a lot of false signals ... but if you are using AO, it should have at least three columns:
http://ta.mql4.com/indicators/bills/awesome

entered H1 EUAU ...
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Regards
  • #39,784
  • Jul 11, 2014 6:29am Jul 11, 2014 6:29am
Quoting ronichimo
{quote} Hi toledoFx, Can yu help me with my previous post telling me what you think I did wrong. Thanks
I guess, it's you should know better what is wrong with your deal, because i don't really know what are your entry rules. If to talk about TMS, then first that i can say is that you took a deal on EUR/USD in the deep night, during Asia session, when usually market is ranging. Try to take trades only from Frankfurt open till NY session. If you want to trade Asia, it's better to take another pair i guess. You have to trade only when there is a movement on the market, stay away from ranging market. That is what Big E was saying: trade H1 only London session and first hours of NY session, when you see nice big candles, with wicks only from one side.
So you should find your way. If you want to trade TMS H1 then it's not enough to look only on TDI, you should also notice price action, support and resistance, trend, momentum - it's very important. Do your backtests and see when TDI gives the best signals. Here are a lot of pdf documents on the thread, you can download and read them. First of all you should read posts and pdfs from Big E and Phx62, they did very well using this system with TDI and PA.
  • #39,785
  • Jul 11, 2014 7:23am Jul 11, 2014 7:23am
Quoting fulltilt
{quote} today I also had a lot of false signals ... but if you are using AO, it should have at least three columns: http://ta.mql4.com/indicators/bills/awesome entered H1 EUAU ... {image}
should make money
the cautious seldom err....C
  • #39,786
  • Jul 11, 2014 7:25am Jul 11, 2014 7:25am
Quoting ronichimo
Hi, Someone can tell me what I did wrong on the next order Thanks for your help{image}
Timing and stop loss
the cautious seldom err....C
  • #39,787
  • Jul 11, 2014 8:25am Jul 11, 2014 8:25am
Entered this EURJPY about midnight EST and it is not going my way, so far. Maybe Fridays should be left alone.
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  • #39,788
  • Jul 11, 2014 8:56am Jul 11, 2014 8:56am
Quoting pips29
{quote} Timing and stop loss
Hi, can you tell me shortly what your opinión is about "Timing and stop", where I was wrong

Thanks
  • #39,789
  • Jul 11, 2014 8:58am Jul 11, 2014 8:58am
Quoting toledoFX
{quote} I guess, it's you should know better what is wrong with your deal, because i don't really know what are your entry rules. If to talk about TMS, then first that i can say is that you took a deal on EUR/USD in the deep night, during Asia session, when usually market is ranging. Try to take trades only from Frankfurt open till NY session. If you want to trade Asia, it's better to take another pair i guess. You have to trade only when there is a movement on the market, stay away from ranging market. That is what Big E was saying: trade H1 only...
Thanks for your answer. Usually I trade London but I`m trying to figur out how to trade other sessions.
Thanks
  • #39,790
  • Jul 11, 2014 9:30am Jul 11, 2014 9:30am
Quoting ronichimo
{quote} Hi, can you tell me shortly what your opinión is about "Timing and stop", where I was wrong Thanks
Toledo mentioned time of trade and I prefer to use stop at swing high ( big E mentioned swing high stop too)
the cautious seldom err....C
  • #39,791
  • Jul 11, 2014 9:58am Jul 11, 2014 9:58am
God, only 1 pip left to hip my TP on EUR/AUD and price stopped and moved another way and hit my SL ... very "nice" ... Didn't set trailing stop, which i always set.
  • #39,792
  • Jul 11, 2014 10:49am Jul 11, 2014 10:49am
Hello all traders,

revisiting this method after a yr.

Have only break even with TMS (different variations) previously over a duration of 1 yr.

Longed eu/usd on 4hr timeframe few hrs ago. down by 10 pips.
  • #39,793
  • Jul 11, 2014 10:57am Jul 11, 2014 10:57am
out of this trade with 4 pips
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the cautious seldom err....C
  • #39,794
  • Jul 11, 2014 11:05am Jul 11, 2014 11:05am
lIKICA
Terrible results on 7/10 trading. 60% losers. TDI just jumping all around with false signals. I wonder what a person can do to avoid this kind of thing, because the signals on TDI and PA bars where there as recommended. Do you or any of the readers have any suggestions?
  • #39,795
  • Jul 11, 2014 11:55am Jul 11, 2014 11:55am
My trades on the week, time stamped, with balance. Some one asked about trading on Friday. Don't do it.
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If you are good at something, never do it for free--Joker
  • #39,796
  • Jul 11, 2014 11:57am Jul 11, 2014 11:57am
Quoting pivotpower
lIKICA Terrible results on 7/10 trading. 60% losers. TDI just jumping all around with false signals. I wonder what a person can do to avoid this kind of thing, because the signals on TDI and PA bars where there as recommended. Do you or any of the readers have any suggestions?
Yes, you can trade at the right time and on the right time frame.
If you are good at something, never do it for free--Joker
  • #39,797
  • Jul 11, 2014 12:24pm Jul 11, 2014 12:24pm
Quoting jmn5611
My trades on the week, time stamped, with balance. Some one asked about trading on Friday. Don't do it. {image}
Actually u can trade Friday but emmanuel used to trade h1 on Friday since he doesn't like to keeps trades far open over the weekend
I Have Learned to Take Some Losses to Make Profits
  • #39,798
  • Jul 11, 2014 12:33pm Jul 11, 2014 12:33pm
Quoting pivotpower
lIKICA Terrible results on 7/10 trading. 60% losers. TDI just jumping all around with false signals. I wonder what a person can do to avoid this kind of thing, because the signals on TDI and PA bars where there as recommended. Do you or any of the readers have any suggestions?
U need to back test a lot to understand how the strategy works, TDI will cross up , u enter the trade only to see it jump ing shift and TDI bounce on the other side
I Have Learned to Take Some Losses to Make Profits
  • #39,799
  • Jul 11, 2014 1:06pm Jul 11, 2014 1:06pm
Lots of comments regarding false signals from TDI.

Lots of folks trading on lower timeframes, hence more noise / false signals.

refer to the charts and see what happens when you slow down the RSI & TSL

Day RSI 3 / TSL 8

H4 RSI 4 / TSL 9

H1 RSI 5 / TSL 10

One thing to concentrate on with the TSL - if it is a trend and has an established slope, ignore RSI crosses that go against the slope/trend - that should keep you in trades longer and avoid the false signals
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"To live with Passion, it takes Courage and Grace to survive"
  • #39,800
  • Jul 11, 2014 2:08pm Jul 11, 2014 2:08pm
Quoting TheScorpS
{quote} Actually u can trade Friday but emmanuel used to trade h1 on Friday since he doesn't like to keeps trades far open over the weekend
I trade by the rules of the inventor of this method, he does not recommend trading on Friday's.
If you are good at something, never do it for free--Joker
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