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Trading Made Simple

  • #40,681
  • Aug 28, 2014 2:03pm Aug 28, 2014 2:03pm
Quoting sharemaster2
{quote} Hi Robuk, You need to be aware of times when Market Traders are on Holidays and change gears. Volatility is slower in this time of the year. The markets starts picking up from end of September up to December. This is very important when you trade to bear these in mind. All the best.
Thanks very much for your answer , but looking through the thread it seems to me that most TMS traders now trade H1 most of the time , not H4 as BigE used to .

Any other help from anyone would be appreciated .
  • #40,682
  • Aug 28, 2014 2:40pm Aug 28, 2014 2:40pm
oh this is a great thread,
Thanks eelfranz
  • #40,683
  • Aug 28, 2014 3:31pm Aug 28, 2014 3:31pm
Quoting robuk
I think I am correct in saying ( please enlighten me if I am wrong ) that Big E only traded the H4 during London trading times . But , Something I have noticed is that TMS traders now seem to mostly favour the H1 , is this due to market conditions changing ? I have been trying to stick to trading the H4 , but haven't had much success , so far .
Big E (may his soul rest in peace) lived on the US-pacific coast, so London local trading time was in the mid of his night. He stressed, that he could set H4 before he went to sleep. He also stressed that -if he lived around London/Europe timezone - he would definately trade H1 aside of H4 (but not M30 or less). Many traders found H4 to be easier and more profitable.

Regards
  • #40,684
  • Aug 28, 2014 7:36pm Aug 28, 2014 7:36pm
Quoting likica
When doing my homework this morning, here what I found and wanted to share.... (see my chart) I left big pips on table from UCAD pair since I had no trade from that beautiful divergence short , hm...not sure what I was doing, maybe I did not have 'Pip Counter' to count my green pips back thenJust kidding by the way. I think I gave up from the pair since it failed to deliver green pips from the previous divergence. Well, it was my ignorance that tdi on HTF was still over the sky (>68 and was not ready to come down yet) when I took the short...

I had a few people sent PM to me asking for TMS trading tips making me feel proud of myself . Big E would have a big laugh if he knew :-)
I am sorry for those expecting my emails relying which I won't. What I can do is sharing my views here so others can learn too.

I already mentioned about overbought (tdi around 68 level and above) which we need to pay respect.

Here is the setup at oversold area (tdi on HTF was below 32 level) and the buy failed even though it had divergence.

I pay high respect to divergent setups, but those 68/32 level of both current and HTF TDi need not to be ignored or we will be beaten hard.

For 10EMA thing, honestly, I keep it there for trend and for guidance only as I trade PA at support/ Res, Divergence, etc. It helps to keep you in the trade longer or ride back in for trend continuation (correct me if I am wrong TheScorpS).

Another tip, like I also mentioned on my other post about space and time are important that is: from my understanding for space, if we get in a good divergent trade ( I love divergence as you know by now) and it faces S/R for 1st time (like a big wall in front of our face) we 'd likely be bruised. For time, I found signals on M15, M30 (scalping), H1 only works well around LO open toward US cash market open.

Thanks for supporting me with my humble knowledge and English .

Have a green pips trading day and a fabulous weekend (if I m not around later today).

Froglicker, this time of the day is my homworks time (study my charts to see if I am happy with my chart decorations, in case you wondered why I dont go to school instead during this hour AM in AU ). By the way, I am a coffee lover, can not stand with beer as it made me out of control in the past...
Attached Image (click to enlarge)
Click to Enlarge Name: EU H1 set up with divergence.png Size: 81 KB
Appreciation is the key to wealth and happiness
  • #40,685
  • Aug 28, 2014 7:53pm Aug 28, 2014 7:53pm
Quoting likica
{quote} I had a few people sent PM to me asking for TMS trading tips making me feel proud of myself . Big E would have a big laugh if he knew :-) I am sorry for those expecting my emails relying which I won't. What I can do is sharing my views here so others can learn too. I already mentioned about overbought (tdi around 68 level and above) which we need to pay respect. Here is the setup at oversold area (tdi on HTF was...
Heh, well, you are a senior to us all, and studying your charts and style are as interesting as studying posts from previous seniors, everyone brings something to the table. Though I'm just starting out (rockily, if I may add) I do hope to be able to contribute as you all have. Divergence is new to me, and tbh i've been jumping from system to system, method to method, you name it. Now I just want to focus on a simple system, as work does affect the hours I can trade around.
AU eh? Kinda miss the down under. Finished up my FYP there a year ago. Great place!
I'll be sure to send a coffee your way if I'm ever back there to look up my mates

Cheers, and to all a day green with pips!
  • #40,686
  • Aug 28, 2014 11:10pm Aug 28, 2014 11:10pm
Hey likica

Since EMA 10 is the fast MA that I use to follow PA, then I use it or at least trying to use every peace and bit , possibilities that comes with it

1- Trend Following, I think you have noticed that, its obvious you open up a Daily or H4 chart, apply EMA 10, I think it would easily show you the trend, I use it for following my trades and stay with them while they pouring.

2- I am using it to help with enteries , exit, even might be showing side way market, so if for example PA below EMA 10 on H4 and PA starts to go near this MA and touch it, on H1 PA would already shows long entry with moderate cross of TDI, but since this power EMA on H4 most likely held off PA as resistance, I just wait the reaction retracement to long PA on H1 to settle, move back to M30 and wait a candle to close again below EMA 10 and end of story!

3- I am trying to use it as well for adding positions, in the way that when PA and EMA 10 is in a trend, often times, PA retrace back to EMA 10 on H1 and H4, those places I look to add on positions, like 1 to 2 more position beside the entry one.

So far thats what am trying to do with it, trying my best , by the way thanks again for sharing those trades, they are wonderful
I Have Learned to Take Some Losses to Make Profits
  • #40,687
  • Aug 28, 2014 11:30pm Aug 28, 2014 11:30pm
Allow me if you well to add something to the table too

Whatever you do, stay with one strategy and try to improve with it, if you keep doing what you have been doing, then expect the same results to continue , if you keep doing the same you do but with focusing on one strategy and try to improve it and grow with it, then expect the results to improve positively

Positive results cant show in a short time, it needs time, I dont mind if its years to come, but if you don't break the habit of changing strategies , you will be rounding in a circle and cant break outside of it

I hope am not harsh, I just want to share what I think has rather higher probabilities in becoming a successful trader , best of luck and wishes
I Have Learned to Take Some Losses to Make Profits
  • #40,688
  • Aug 29, 2014 3:45am Aug 29, 2014 3:45am
I just started using the TDI Watchdog , can some kind person explain why the green changes colour or tell me where I can find some instruction on the use of this indi.
  • #40,689
  • Aug 29, 2014 4:44am Aug 29, 2014 4:44am
just happened to come back home and got in EU long on M5 (scalping) for +20p (got in from a limit buy at better price)
Attached Image (click to enlarge)
Click to Enlarge Name: EU M5 scalp at LO + Fri 29.8.14.png Size: 51 KB
Appreciation is the key to wealth and happiness
  • #40,690
  • Aug 29, 2014 4:52am Aug 29, 2014 4:52am
Quoting TheScorpS
Hey likica Since EMA 10 is the fast MA that I use to follow PA, then I use it or at least trying to use every peace and bit , possibilities that comes with it 1- Trend Following, I think you have noticed that, its obvious you open up a Daily or H4 chart, apply EMA 10, I think it would easily show you the trend, I use it for following my trades and stay with them while they pouring. 2- I am using it to help with enteries , exit, even might be showing side way market, so if for example PA below EMA 10 on H4 and PA starts to go near this MA and touch...
Good words TheScorpS. Don't have enough words to say thanks....
Appreciation is the key to wealth and happiness
  • #40,691
  • Aug 29, 2014 5:20am Aug 29, 2014 5:20am
Quoting robuk
I just started using the TDI Watchdog , can some kind person explain why the green changes colour or tell me where I can find some instruction on the use of this indi.
The bar that is open changes colour to show you its not a closed bar, you can change it to not change colour in the inputs if you prefer.
  • #40,692
  • Aug 29, 2014 5:22am Aug 29, 2014 5:22am
Caught on the wrong side of the market today, ending the week with a near 30 pip loss, making me b/e because I traded so little this week, sadly... Unfortunately I do not trade outside of the london session. I missed the good entry point but had faith that LO would continue the move south. I deemed the stop affordable, and I jumped the gun. Price reversed on me, and I was not fast enough to re-enter long after the break of the bear TL. You win some, you lose some I guess...
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 57 KB
  • #40,693
  • Aug 29, 2014 5:28am Aug 29, 2014 5:28am
I missed this long
Attached Image (click to enlarge)
Click to Enlarge Name: EA H1 long Fri 29+8+14 (missed).png Size: 63 KB
Appreciation is the key to wealth and happiness
  • #40,694
  • Aug 29, 2014 5:31am Aug 29, 2014 5:31am
Quoting WDays
Caught on the wrong side of the market today, ending the week with a near 30 pip loss, making me b/e because I traded so little this week, sadly... Unfortunately I do not trade outside of the london session. I missed the good entry point but had faith that LO would continue the move south. I deemed the stop affordable, and I jumped the gun. Price reversed on me, and I was not fast enough to re-enter long after the break of the bear TL. You win some, you lose some I guess... {image}
I m chicken (not brave like you not having any EMA on). Anyway, green pips still on the table for your next trades.
Appreciation is the key to wealth and happiness
  • #40,695
  • Aug 29, 2014 6:06am Aug 29, 2014 6:06am
Quoting WDays
Caught on the wrong side of the market today, ending the week with a near 30 pip loss, making me b/e because I traded so little this week, sadly... Unfortunately I do not trade outside of the london session. I missed the good entry point but had faith that LO would continue the move south. I deemed the stop affordable, and I jumped the gun. Price reversed on me, and I was not fast enough to re-enter long after the break of the bear TL. You win some, you lose some I guess... {image}
I was short, stopped out at BE, anyway I missed that long too, didn't see that PA and TDI was in check together , good luck into next trade
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_H1.jpg Size: 376 KB
I Have Learned to Take Some Losses to Make Profits
  • #40,696
  • Aug 29, 2014 6:19am Aug 29, 2014 6:19am
Quoting likica
{quote} I m chicken (not brave like you not having any EMA on). Anyway, green pips still on the table for your next trades.
I have a 200SMA on my chart I use it as my "guideline"... I know when I can countertrend based on my 200SMA, I know when im following the trend and when price may stop and pullback towards it... I find a clutter of MAs to not work well for me, I tried doing it but I'm better off without them...
  • #40,697
  • Aug 29, 2014 6:56am Aug 29, 2014 6:56am
just trying to install the indis in my android MT4 ...
what is the path of mt4 android indicator folder?
Regards
  • #40,698
  • Aug 29, 2014 7:49am Aug 29, 2014 7:49am
Is the EURUSD at H1 at a current turning point for a "small" rally down? I'm trying to learn PA and I am paying close attention. I will wait for the candle close in 10 min and then react if needed.
Any thoughts?

Cheers
  • #40,699
  • Aug 29, 2014 7:51am Aug 29, 2014 7:51am
Quoting fulltilt
just trying to install the indis in my android MT4 ... what is the path of mt4 android indicator folder?
MT4 mobile indi follow http://www.forexfactory.com/showthre...24#post7701924
Courtesy of darlin' L.


Quoting TheScorpS
Allow me if you well to add something to the table too Whatever you do, stay with one strategy and try to improve with it, if you keep doing what you have been doing, then expect the same results to continue , if you keep doing the same you do but with focusing on one strategy and try to improve it and grow with it, then expect the results to improve positively Positive results cant show in a short time, it needs time, I dont mind if its years to come, but if you don't break the habit of changing strategies , you will be rounding in a circle and...
No worries, ScorpS.
Took me a while to wisen up. But I'm slowly and surely making my way there!
Too many ideas without a proper direction, I just got lost in it all.
Now, I'm going to change that, one trade at a time.
Looking to focus on E/U chart first, before migrating to looking at 12 charts like ya.
Wish me luck!

Cheers!
  • #40,700
  • Aug 29, 2014 8:42am Aug 29, 2014 8:42am
Quoting BallijnForex
Is the EURUSD at H1 at a current turning point for a "small" rally down? I'm trying to learn PA and I am paying close attention. I will wait for the candle close in 10 min and then react if needed. Any thoughts? Cheers
If you look closely, you will see that the euro pairs are in a downtrend. At this moment, they are merely consolidating. As far as the E/U pair goes, it is pretty hard to predict, because it mostly moves with fundamentals being announced and what's more, it is closely being monitored by the ECB and the FED. My advice to you is to look for PA on other pairs.

In this particular case, just eye-balling it, it would seem it's stuck in a range - no more lower lows, price is being held at the 1.3160 level. I guess one could scalp it off a lower timeframe, by picking the tops and lows of the range.
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