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Trading Made Simple

  • #41,901
  • Oct 7, 2014 7:35pm Oct 7, 2014 7:35pm
Thanks for the reply Emmanuel,

Yeah maybe I tried to recover loses too quickly and did not do proper trading...have to be patient..i have a very small micro account and frustration got better of me...losing $10 on a few trades really hurt me. hope I have a good day...30 or 40 pips today will be good.. will set me on my way to recovery and close to my $50 mark..just wanted to know if u trade many pairs or a few favourite ones..i have the TMSTDI watchdog and at times it alerts lots of pairs at the same time and I tend to get into wrong trades without doing proper analysis...think a should trade less pairs...please do advice.

Regards
  • #41,902
  • Oct 7, 2014 7:41pm Oct 7, 2014 7:41pm
Hi Emmanuel,

Just had a look at the EUR/NZD Daily and looks like there may be a breakout on the upside, r u seeing the same. if it breaks yesterdays high with momentum then maybe its gona stay that way today...I am not really confident to pull the trigger so ur input would really be appreciated.

Regards
  • #41,903
  • Oct 7, 2014 7:43pm Oct 7, 2014 7:43pm
Quoting amilate
{quote} Thanks Emman, for your tips. Guess I have to stop trading with the mobile. Wait till I reach home. Green pips to all.
Hi,

When I travel, I trade mainly on D chart. That way, I only have to login and check my VPS once a day at any time. You can also consider using a trade manager EA running in a remote PC at home or use a VPS service.

EURAUD today, my bias is SELL only. That is my Plan A.
On H4 the possible setup is a TDI bounce
On H1 the usual price action setup with TDI cross, 4-6 as confirmation.

Be careful with 1.4350 being historical S&R. Big fish will eat small fishes around this level.
Position trading place stop above 1.4520 or above last week' high, target TP 1.3850.
Large initial SL in pips should not scare anyone using %risk and position sizing.
Use position building, add position with banked-in profits.

Trade Well and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #41,904
  • Oct 7, 2014 7:50pm Oct 7, 2014 7:50pm
Quoting emmanuel7788
{quote} Hi, When I travel, I trade mainly on D chart. That way, I only have to login and check my VPS once a day at any time. You can also consider using a trade manager EA running in a remote PC at home or use a VPS service. EURAUD today, my bias is SELL only. That is my Plan A. On H4 the possible setup is a TDI bounce On H1 the usual price action setup with TDI cross, 4-6 as confirmation. Be careful with 1.4350 being historical S&R. Big fish will eat small fishes around this level. Position trading place stop above 1.4520 or above last week' high,...
Thanks again emman. I will reconsider your tipsy hint. Hehe... I'll update later, if I take the bait... just too Tempting to Sell this bully eater.
  • #41,905
  • Oct 7, 2014 8:14pm Oct 7, 2014 8:14pm
after a disastrous day I started with a quick 15 pips trade...got get another 60 pips to break even...

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 47 KB
  • #41,906
  • Oct 7, 2014 8:21pm Oct 7, 2014 8:21pm
Quoting dennis4u15
Hi Emmanuel, Just had a look at the EUR/NZD Daily and looks like there may be a breakout on the upside, r u seeing the same. if it breaks yesterdays high with momentum then maybe its gona stay that way today...I am not really confident to pull the trigger so ur input would really be appreciated. Regards

Hi Dennis,

We do not know which direction of the breakout.
But using a consistent top down approach Monthly>Weekly>Daily, that give use the technical clue where I form my bias.
The priace action using candlesticks/bar patterns and with the TDI / RSI data as our momentum confirmation is a proven reliable method. This is TMS as the core method.

Previous D was bullish candle, and now on H4, there is a setup and I went Long.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #41,907
  • Oct 7, 2014 8:31pm Oct 7, 2014 8:31pm
Quoting dennis4u15
Thanks for the reply Emmanuel, Yeah maybe I tried to recover loses too quickly and did not do proper trading...have to be patient..i have a very small micro account and frustration got better of me...losing $10 on a few trades really hurt me. hope I have a good day...30 or 40 pips today will be good.. will set me on my way to recovery and close to my $50 mark..just wanted to know if u trade many pairs or a few favourite ones..i have the TMSTDI watchdog and at times it alerts lots of pairs at the same time and I tend to get into wrong trades without...
Hi Dennis,

Just one comment on the TMSWatchdog. It has several parameter settings and these need to be forward tested in realtime and then you decide on what and how to use this TMS Watchdog and decide on your entry and exit strategy. The default parameters are same as the TDI Red Green used by eelfranz and it repaints many bars in history when we refresh out charts. The repainting depends on the real price OHLC. This is the same for several TDI indicators posted in this thread and some have different parameters using the RSI data. Therefore back-testing by scrolling back history charts the setups usually look so clear and we see setup everywhere, entry and exits everywhere but in realtime charts, they are often not the case. Pulling the trigger in realtime live trading is a big challenge for many traders.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #41,908
  • Oct 7, 2014 10:04pm Oct 7, 2014 10:04pm
Thanks Emmanuel,

I did not change any parameters on the TMS TDI, yeh in history it looks so good..would u be kind enough to show the parameters that are ok for hourly and 4hrs trading.

Regards
  • #41,909
  • Oct 7, 2014 10:21pm Oct 7, 2014 10:21pm
Quoting likica
{quote} pardon me ScorpS, what s the numbers (white cirles) and its meanings useful for tms? Thank you. {image}
Yes its Asian Session indicator, and those numbers are Asian session range or the amount of pips that the pair has moved so far on the session


gregben

Thanks for helping me out as am off sleeping at that time
I Have Learned to Take Some Losses to Make Profits
  • #41,910
  • Oct 7, 2014 11:23pm Oct 7, 2014 11:23pm
Quoting lastingwell
{quote} I've set the stop loss at +50 {image}
Quoting likica
{quote} I was tired since oil was choppy before 9am est. just out of my short for 50 green. Thank you. {image}
Quoting toledoFX
Another 2 trades for today. Again terrible exits... Especially GBP/JPY, which was +43 just few mins ago, and didn't get to TP just few pips. Had to close it manually with +23 pips. GBP/USD closed because i have to go out of the office, don't like to leave the trades open when i am not near computer... Sad that i am always missing so many pips when price goes my way. That's the thing to learn more... {image} {image}
Great trades everyone!
Been out for some time, just got back last night, terribly tired.
anyway, took an entry on XAU daily, 60pips up. gonna see how long this will run

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB


Meanwhile, will take the day to further evaluate the few pairs I've selected to trade.
Cheers!
  • #41,911
  • Oct 8, 2014 12:08am Oct 8, 2014 12:08am
Hi ppl,

Can anyone please attach a non repainting tdi please.

Regards
  • #41,912
  • Oct 8, 2014 12:25am Oct 8, 2014 12:25am
Quoting dennis4u15
Hi ppl, Can anyone please attach a non repainting tdi please. Regards
Read this thread and see which one you want to use: http://www.forexfactory.com/showthread.php?t=294327
  • #41,913
  • Oct 8, 2014 12:33am Oct 8, 2014 12:33am
Quoting lastingwell
{quote} Read this thread and see which one you want to use: http://www.forexfactory.com/showthread.php?t=294327
Can I change the colors on the TDI of Compassfx that you are using ? I tried that and it just goes back to old parameters, is this an exe file that changes inst allowed?

Back to some backtesting before LO as always
I Have Learned to Take Some Losses to Make Profits
  • #41,914
  • Oct 8, 2014 12:41am Oct 8, 2014 12:41am
Quoting TheScorpS
{quote} Can I change the colors on the TDI of Compassfx that you are using ? I tried that and it just goes back to old parameters, is this an exe file that changes inst allowed? Back to some backtesting before LO as always
I managed to change the colour by changing them under inputs and also under colours.
  • #41,915
  • Oct 8, 2014 12:47am Oct 8, 2014 12:47am
Quoting dennis4u15
Thanks for the reply Emmanuel, Yeah maybe I tried to recover loses too quickly and did not do proper trading...have to be patient..i have a very small micro account and frustration got better of me...losing $10 on a few trades really hurt me. hope I have a good day...30 or 40 pips today will be good.. will set me on my way to recovery and close to my $50 mark..just wanted to know if u trade many pairs or a few favourite ones..i have the TMSTDI watchdog and at times it alerts lots of pairs at the same time and I tend to get into wrong trades without...
Yo... Dennis, Relax and calm down . These loses will give you pressure in pulling the trigger. Relax... Don't ever pull your trigger if you aren't confident.
Loses is a bad feeling. That's include me too. Trade according to your strategy. Clear ya mind out. If not stay out. There's another opportunity, or another day.
Just RELAX.
  • #41,916
  • Oct 8, 2014 12:50am Oct 8, 2014 12:50am
Quoting dennis4u15
Hi ppl, Can anyone please attach a non repainting tdi please. Regards
Hmm.... non-repaint... huh... Well, just wait till the candle closed. You can see better and decide.
  • #41,917
  • Oct 8, 2014 12:52am Oct 8, 2014 12:52am
Quoting amilate
{quote} Hmm.... non-repaint... huh... Well, just wait till the candle closed. You can see better and decide.
He asked that question because of this post: http://www.forexfactory.com/showthre...22#post7786622
  • #41,918
  • Oct 8, 2014 12:54am Oct 8, 2014 12:54am
Quoting lastingwell
{quote} He asked that question because of this post: http://www.forexfactory.com/showthre...22#post7786622
Ok mistake..
  • #41,919
  • Oct 8, 2014 1:11am Oct 8, 2014 1:11am
Looks like a nice PCRF is forming before LO on EA H1.

Just waiting now to see how FO candle closes (red/ blue)
Attached Image (click to enlarge)
Click to Enlarge Name: PCRF081014.JPG Size: 88 KB
Focus on the process and the profits will follow
  • #41,920
  • Edited 7:48am Oct 8, 2014 1:16am | Edited 7:48am
Started a sell trade GU based on the pair continuing downtrend london/new york last night that went against me some, just exited 12 hours later with 15+. Not a lot considering the time spent in there, but at least another gain, and a double figure at that. I do tend to get these ones that make me

Took a few out of EA last night long as I was sure it would turn back up eventually, just my timing was out, but needed to sleep so exited that one with 5.
"You know what needs to be addressed , completely completely reverse that".
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