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Trading Made Simple

  • #40,281
  • Aug 11, 2014 11:57am Aug 11, 2014 11:57am
Hi everyone. Just wanted to ask two simple question to ensure im doing well:

-The creator of the thread has written that its best to check the 4h candles on 10pm and 2am pacific and close trades at 6am pacific. BUT, do we close those trades even if the TDI still shows a good 12-2 angle at 6am pacific??? I got confused as im closing trades at 6am pacific but the tdi still shows 12-2.

-One more thing, just to be sure this "waking up early procedure" has sense ^^. Please can you confirm that 10pm pacific = 7am in MADRID (Spain)?? So i have to check at 7am, 11am and close at 15:00.

Thank ya all
May the pips be with you @ll
  • #40,282
  • Aug 11, 2014 12:33pm Aug 11, 2014 12:33pm
New week..Good Start..50% cashed
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD.png Size: 70 KB
Sad i'm not trying to understand PA
  • #40,283
  • Aug 11, 2014 3:10pm Aug 11, 2014 3:10pm
Quoting ralf86
Hi everyone. Just wanted to ask two simple question to ensure im doing well: -The creator of the thread has written that its best to check the 4h candles on 10pm and 2am pacific and close trades at 6am pacific. BUT, do we close those trades even if the TDI still shows a good 12-2 angle at 6am pacific??? I got confused as im closing trades at 6am pacific but the tdi still shows 12-2. -One more thing, just to be sure this "waking up early procedure" has sense ^^. Please can you confirm that 10pm pacific = 7am in MADRID (Spain)?? So i have to check...
Thats the way eelfranz used to trade based on his timezone (he slept through the trades) and the time his broker opened its new candle. Yours maybe different. I don't open or close trades at those times, it works however you want to use it and whatever is best for you, as long as you take the best setups.
  • #40,284
  • Aug 11, 2014 3:13pm Aug 11, 2014 3:13pm
Quoting pivotpower
KMw re post 40286 Where can I get a copy of the TDI-MFT. Just using the TDI has not worked that well for me. Could be this new indicator would help out. Thanks to anyone who has this indicator and can share. Thanks also to kmw for pointing this difference out for us.
If you click on the paper clip at the top of the page, the tdi-mtf I uploaded is about 4 indicators down in the list.
  • #40,285
  • Aug 11, 2014 3:49pm Aug 11, 2014 3:49pm
Quoting likica
small part of my EU long still opened It's good that my ACAD short is in good shape. Just wanted to know if any in UCAD short setup on H4 which I am also in (sound like i cant' have enough of CAD pair)
EU has been a real pain to trade today..... I'm down 20 pips for the day.....
.... laughing all the way to the bank
  • #40,286
  • Aug 11, 2014 3:58pm Aug 11, 2014 3:58pm
Quoting omonisha
New week..Good Start..50% cashed {image}
nice one omonisha.....
.... laughing all the way to the bank
  • #40,287
  • Aug 11, 2014 5:58pm Aug 11, 2014 5:58pm
I'm only a newchum myself Pivotpower, I can't take any credit. it's Likica's chart and lastingwell's indicator
(bump) the chart from 40248.
Attached Image (click to enlarge)
Click to Enlarge Name: likica.png Size: 313 KB
"You know what needs to be addressed , completely completely reverse that".
  • #40,288
  • Aug 11, 2014 7:29pm Aug 11, 2014 7:29pm
I thought I have had quite a solid foundation about TMS method up to now but surprisingly m still making mistakes every here and there
Here s my 2 recent trades I 'd like to share so we newbies can learn together (EJ short: I can't remember why I did not see what I see now , I attached both snapshot at the time I entered EJ and also after I exited it).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ACAD H4 Sell Mon 11.8.14 +.png Size: 70 KB
Click to Enlarge Name: EJ h4 Sell Mon 11.8.14 -.png Size: 71 KB
Click to Enlarge Name: EJ h4 Sell Mon 11.8.14.png Size: 72 KB
Appreciation is the key to wealth and happiness
  • #40,289
  • Aug 11, 2014 7:52pm Aug 11, 2014 7:52pm
Took half off a CADJPY buy earlier on as it seems to be struggling, nice bounce on h4 and d1 stepping up when I took the trade. Trying out the tms watchdog again so I can watch more pairs, although I've had to turn the alerts off as it is alerting every single tick once it gets a signal
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADJPYH411-08.png Size: 42 KB
Click to Enlarge Name: CADJPYH411-08(2).png Size: 44 KB
  • #40,290
  • Aug 11, 2014 9:37pm Aug 11, 2014 9:37pm
Quoting lastingwell
Took half off a CADJPY buy earlier on as it seems to be struggling, nice bounce on h4 and d1 stepping up when I took the trade. Trying out the tms watchdog again so I can watch more pairs, although I've had to turn the alerts off as it is alerting every single tick once it gets a signal {image} {image}
It s a good looking setup Lastingwell. I am having a bit of study about slope number and seeing thing a lot clearer. Just a question for you. is stoc not very important to have on the chart if we have good PA and tdi angle is clear? Thanks for helping all of us newbies here.
Appreciation is the key to wealth and happiness
  • #40,291
  • Aug 11, 2014 9:48pm Aug 11, 2014 9:48pm
Quoting omonisha
New week..Good Start..50% cashed {image}
That was nice trade and nice setup with clean PA, really what should we TMS follow traders learn to take
I Have Learned to Take Some Losses to Make Profits
  • #40,292
  • Aug 11, 2014 10:04pm Aug 11, 2014 10:04pm
Quoting omonisha
New week..Good Start..50% cashed {image}
Appreciation is the key to wealth and happiness
  • #40,293
  • Aug 11, 2014 10:33pm Aug 11, 2014 10:33pm
Quoting lastingwell
{quote} If you click on the paper clip at the top of the page, the tdi-mtf I uploaded is about 4 indicators down in the list.
I found the indicator and moved it to the indicator file in mt4 but when I look under indicators in the MT4 platform it does not appear, though it can be seen in the indicator file in the computer. Any ideas of what I can do or what I've done wrong? Thanks in advance.
  • #40,294
  • Aug 11, 2014 10:59pm Aug 11, 2014 10:59pm
Quoting pivotpower
{quote} I found the indicator and moved it to the indicator file in mt4 but when I look under indicators in the MT4 platform it does not appear, though it can be seen in the indicator file in the computer. Any ideas of what I can do or what I've done wrong? Thanks in advance.
have you restarted MT4?
"To live with Passion, it takes Courage and Grace to survive"
  • #40,295
  • Aug 11, 2014 11:04pm Aug 11, 2014 11:04pm
likica

Any sharp momentum like EJ trade, would indicate a shallow pullback in the trend before might be a continuation north, that's the retracemnt that we dont want to take since the probability to that trade is low and PA tends to struggle to go lower , overall trend is down, but the sharp momentum might just change the trend , still early to confirm tho

I am long EJ since yesterday and had a long on EU that went to stop loss - 20, EU was in a correction swing and I went long based on previous days bullish momentum so hope all is good with this trade as of now its just going side way , typical after strong trending day
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_H1.jpg Size: 408 KB
I Have Learned to Take Some Losses to Make Profits
  • #40,296
  • Aug 11, 2014 11:57pm Aug 11, 2014 11:57pm
If we use the TMS watchdog what should be the minimum slope for a cross and bounce. It would be a real help for training the visual sense in identifying the right set ups.Then we could do away with it and catch the right TDI crosses and bouncesjust by looking at the plain TDI.
  • #40,297
  • Aug 12, 2014 12:52am Aug 12, 2014 12:52am
Quoting csethna
If we use the TMS watchdog what should be the minimum slope for a cross and bounce. It would be a real help for training the visual sense in identifying the right set ups.Then we could do away with it and catch the right TDI crosses and bouncesjust by looking at the plain TDI.
I just put the indicator on with the default settings and was comparing the slope values with what I classed as a good cross, its good training for the eyes.
  • #40,298
  • Aug 12, 2014 12:57am Aug 12, 2014 12:57am
Quoting pivotpower
{quote} I found the indicator and moved it to the indicator file in mt4 but when I look under indicators in the MT4 platform it does not appear, though it can be seen in the indicator file in the computer. Any ideas of what I can do or what I've done wrong? Thanks in advance.
There is one in the list that is reliant on another indicator to work, the one attached should be the one that doesn't need anything else, so hopefully, if you try this one it should work ok.
Attached File(s)
File Type: ex4 TDI-MTF.ex4   31 KB | 473 downloads
  • #40,299
  • Aug 12, 2014 12:58am Aug 12, 2014 12:58am
Quoting likica
{quote} It s a good looking setup Lastingwell. I am having a bit of study about slope number and seeing thing a lot clearer. Just a question for you. is stoc not very important to have on the chart if we have good PA and tdi angle is clear? Thanks for helping all of us newbies here.
I don't like to have too many indicators at the bottom of the chart, and I would rather have the mtf tdi than stoch so I took it off, I don't really feel it makes that much difference to my trading. I can look for divergence equally well with the tdi and thats what I mainly had the stoch on there for.
  • #40,300
  • Aug 12, 2014 2:57am Aug 12, 2014 2:57am
Hi TheScorps, looking at your chart above of the EUR/JPY I couldn't help noticing that your spread on this pair is just 0.9 which seems incredibly low. My own spread for this pair is 2.4 and I wondered if you'd mind letting me know which broker it is that offers 0.9.
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