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Trading Made Simple

  • #40,961
  • Sep 11, 2014 12:39am Sep 11, 2014 12:39am
Quoting Pipotron
Can someone point me to the indi that draws the OHLC to the HA candles. I'm using the old Big E template that doesn't have the traditional OHLC. Thank you.
This was answered for you when you first asked: http://www.forexfactory.com/showthre...63#post7727963
  • #40,962
  • Sep 11, 2014 12:46am Sep 11, 2014 12:46am
Quoting froglicker
{quote} Ahh.. I see. I usually dont use the MBL, good to know how it works. I still have 10EMA and 200EMA on my H1 and H4, using both to determine trends. Let's see. EJ then, green crossed up on H1, but is parallel to the red on H4, how do you take a trade like this? I usually get stuck on trades when H1 and H4 are in opposing directions. {image} Sometimes i see the trades made by the members here on the H1, yet I can't really make profitable ones like that right now. Oh, btw, can you post the session indi? the one i have only shows the time between...
Hi

Ej on the Daily chart at falling trendline on my chart, so before going long, I will wait rather LO opens and see how PA acts at that certin times

I am also going to share my template with TMS , and you guys can add whatever you like and start trading if you like it , let me get back to home and will do that later
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_D1.jpg Size: 169 KB
I Have Learned to Take Some Losses to Make Profits
  • #40,963
  • Sep 11, 2014 12:48am Sep 11, 2014 12:48am
Quoting messicr
GJ where to go ? {image}
Waiting to sell GJ too, at resistance on my chart, but the trend is on the momentum north, so that pair would also wants some consolidation at least before shorting
I Have Learned to Take Some Losses to Make Profits
  • #40,964
  • Sep 11, 2014 12:49am Sep 11, 2014 12:49am
Quoting lastingwell
{quote} This was answered for you when you first asked: http://www.forexfactory.com/showthre...63#post7727963
Thank you, Sir. Very careless of me to miss it. My sincere apologies.
  • #40,965
  • Sep 11, 2014 12:50am Sep 11, 2014 12:50am
Quoting Phx62
{quote} Nice trading lastingwell......thanks for the kind words.....
Hi Sir

I would like to ask you about Asian Session indicator, have you removed that off you chart?

I also noticed that the TDI indicator at the bottom chart shows compassfx symbol which was not there before, so have you changed that too to another TDI indi?

Thanks for your help
I Have Learned to Take Some Losses to Make Profits
  • #40,966
  • Sep 11, 2014 12:53am Sep 11, 2014 12:53am
Ok TMS

London opens in an hour, so I have my free time now at work, what I do is use this free hour to do backtesting, in doing so you remember the formations, TDI behaviours , timings etc

Doing this everyday I remember as Xman used to say, ie backtest at least a month data every day before market opens is the best thing I have done since Feb 2014 and will continue doing so until I reach my goal
I Have Learned to Take Some Losses to Make Profits
  • #40,967
  • Sep 11, 2014 1:02am Sep 11, 2014 1:02am
Quoting Pipotron
Hi all, I was wondering how many pairs (and which pairs) do the regulars on this thread actively monitor?

Pipotron,

I use the TMS Monitor found int this thread link here:
http://www.forexfactory.com/showthread.php?t=303347

It was done by a FF member "arbinka" and it's free. It work just great for the 15 pairs I monitor. Here is a screenshot of those pairs I trade.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor D1 11 Sep.png Size: 32 KB


Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #40,968
  • Sep 11, 2014 1:05am Sep 11, 2014 1:05am
Quoting messicr
GJ where to go ? {image}

My techinical guess is target 174.33
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #40,969
  • Sep 11, 2014 1:06am Sep 11, 2014 1:06am
Quoting farhad10
The key is looking at upper TF's and using TDI and channeling! Three trade with about 150 pips, two days ago till now {image} {image}
farhad,

Very good trades. well done.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #40,970
  • Sep 11, 2014 1:22am Sep 11, 2014 1:22am
Quoting TheScorpS
{quote} Hi Yes indeed the entry reasons was pullback candle and TDI , what was important was MBL way in over bought area which is good signal that PA might at least shift direction for a while This pullback candle has a lot to it, it comes at first hour at LO sometime at FO last hour, then it comes later on LO like +3 hours , or at NYO Boxes are London session and new York session, good for H1 trading and even good for plotting support and resistance, PA respects London price much , H4 high and low, I use them as support and resistance to H4 last...
Hi.
I'm finding it little tough to keep shuffling between two MT4 charts to keep looking for good indicators ...
As I have observed you, Lastingweel, PH and other seniors, normally you traders analyze and go after pairs with higher ADR / ATR ...
Keeping ATR and ADR as important (to catch more pips, on Higher TF's) ...
Can you please guide me, which 10 - 15 pairs I better watch out for ... than keep looking at so many and going no where ...?

Thanks in Advance
  • #40,971
  • Sep 11, 2014 1:34am Sep 11, 2014 1:34am
Quoting TheScorpS
{quote} Waiting to sell GJ too, at resistance on my chart, but the trend is on the momentum north, so that pair would also wants some consolidation at least before shorting
Yep, and there is also some divergence on GBP/JPY H1. So, i guess the best variant here is to wait the good moment to enter short. Let's see. Also soon will be good opportunities to enter short EUR/AUD and EUR/JPY as i see.
  • #40,972
  • Sep 11, 2014 1:58am Sep 11, 2014 1:58am
Quoting adikashyap
{quote} Hi. I'm finding it little tough to keep shuffling between two MT4 charts to keep looking for good indicators ... As I have observed you, Lastingweel, PH and other seniors, normally you traders analyze and go after pairs with higher ADR / ATR ... Keeping ATR and ADR as important (to catch more pips, on Higher TF's) ... Can you please guide me, which 10 - 15 pairs I better watch out for ... than keep looking at so many and going no where ...? Thanks in Advance
I dont think you would need that much of pairs to watch, I trade 4 pairs, GU,GJ EJ,EA , I understand how they move and that enough to make good pips everyday

Taking just some pairs is important because it easier to follow them and I chose those 4 pairs because correlation also something I watch and take benefit of
I Have Learned to Take Some Losses to Make Profits
  • #40,973
  • Sep 11, 2014 2:22am Sep 11, 2014 2:22am
Quoting TheScorpS
{quote} I dont think you would need that much of pairs to watch, I trade 4 pairs, GU,GJ EJ,EA , I understand how they move and that enough to make good pips everyday Taking just some pairs is important because it easier to follow them and I chose those 4 pairs because correlation also something I watch and take benefit of
Fully agree.
  • #40,974
  • Sep 11, 2014 2:32am Sep 11, 2014 2:32am
Took a short on EJ, looked like a decent price to enter with conservative SL.
H1 and H4 crossed, pullback on H1 at previous high.
TP1 50 pips, will move SL accordingly.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 74 KB
  • #40,975
  • Sep 11, 2014 2:38am Sep 11, 2014 2:38am
Hi, EJ H1:

Pullback candle, Triple top divergence, H4 TDI crossed down below 68 level, H1 TDI about to cross.

Is it ok to enter now or wait until it goes below (or closes) below the previous low of the pullback candle? Thanks.
  • #40,976
  • Sep 11, 2014 2:43am Sep 11, 2014 2:43am
EJ H1 trade
Attached Image (click to enlarge)
Click to Enlarge Name: EJ H1 Sell Explained.png Size: 233 KB


EA H1 lost trade
Attached Image (click to enlarge)
Click to Enlarge Name: EA H1 Sell Expalined.png Size: 180 KB


Kindest regards
  • #40,977
  • Sep 11, 2014 2:56am Sep 11, 2014 2:56am
does anyone has any idea where is big E?
why doesnt he post on this thread anymore?
i am a nobody
  • #40,978
  • Sep 11, 2014 2:57am Sep 11, 2014 2:57am
Quoting Arkhambliss
Hi, EJ H1: Pullback candle, Triple top divergence, H4 TDI crossed down below 68 level, H1 TDI about to cross. Is it ok to enter now or wait until it goes below (or closes) below the previous low of the pullback candle? Thanks.
I guess it's better to wait until next candle(s) brokes the low of LO candle. There is no reason to enter EUR/JPY right now. Also you need to watch the cadles - there is no momentum and no red candles yet.
  • #40,979
  • Sep 11, 2014 3:01am Sep 11, 2014 3:01am
Get Disciplined, Get Profitable

1. Get yourself a DEMO account for the money you would actually invest when starting real trading. Ask your broker for USD 1000, USD 500 etc. demo account and trade accordingly mini, micro or full lot as you would in real.
2. Don't over complicate your template with indicators. Just use the main indicators required for TMS system.
3. Sometimes less is more in forex. Look for the safe trade setups, not every cross is a trade opportunity.
4. Backtest on weekends, before trading hours and when ever there are no setups in the market.
5. Lookout for the news calendar, Never predict news. Staying on the sidelines is sometimes a better option. No trade is better than a lost trade.
6. Visit babypips.com to get the basics of forex trading.
7. Perfect 1 or 2 pairs first, know their behavior. Don't rush for 12 - 20 pairs.

Happy and safe trading.

Kindest regards
  • #40,980
  • Sep 11, 2014 3:03am Sep 11, 2014 3:03am
Quoting MrAussieFX
EJ H1 trade {image} EA H1 lost trade {image} Kindest regards
hi buddy
you Ej trade was still in a strong bullish move so to try and short there is danger.
to me i say dont try to pick the tops and bottoms coz us small fish wont be able to do that.
what we must do is wait for the market to show us its hand.
that means wait until the market shows us its bearish or bullish.
but never THINK what the market is going to do. always wait for the market to do it then enter

you second trade you entered on such a huge candle.
i would never do such a thing coz firstly you SL will be too huge.
and the usual trait of the market after a big candle is that it retraces so DD will be big also.
try to get in good size candles but not huge candles
i am a nobody
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