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  • #46,021
  • Dec 8, 2014 12:42pm Dec 8, 2014 12:42pm
Quoting Sesamstrasse
{quote} I also saw the videos .. ( klausdax is my neighbor ) and I´m also intrested in this indicator . do you know what name it is ?? Or how does it calculate the lines /distance ? I viewed the staple/ the attached files.. but there are many houndred of files.. no idea for wht to look for . I saw in atotally different thread a " halfautomated" system , that also calculated fix SL´s and TP´s .. .. Still works nice with me ... but i have no idea how it calculates this distance. I´m sure this " range calculation " could also help...
Pooah .. They want on the page oif Dean Malone around 600$ ???????????????????
Crazy !

Does someone share the " D.O.T.S. method indicator" ? / Or tell me the " key" of that what the indi calculates ?
I´d like to add it to my TMS .

Thanks Guido
Risiko birgt immer auch die Chance.
  • #46,022
  • Dec 8, 2014 1:03pm Dec 8, 2014 1:03pm
Quoting Sesamstrasse
{quote} I also saw the videos .. ( klausdax is my neighbor ) and I´m also intrested in this indicator . do you know what name it is ?? Or how does it calculate the lines /distance ? I viewed the staple/ the attached files.. but there are many houndred of files.. no idea for wht to look for . I saw in atotally different thread a " halfautomated" system , that also calculated fix SL´s and TP´s .. .. Still works nice with me ... but i have no idea how it calculates this distance. I´m sure this " range calculation " could also help...
Sesamstrasse,

This should be what your looking for.
Take profit levels.
Emmanuel is the expert on using the take profit levels.
sj
Attached File(s)
File Type: ex4 Draw_Lines Buy EP SL TP v3.ex4   3 KB | 526 downloads
File Type: ex4 Draw_Lines Sell EP SL TP v3.ex4   3 KB | 521 downloads
  • #46,023
  • Dec 8, 2014 1:11pm Dec 8, 2014 1:11pm
Quoting Greenb
{quote} SJ, i'm just wondering if you are trading the 4h TF or daily TF? If you are trading 4htf, do you take cross/continuation that happens anytime after NY lunch time to say 6hours before LO? i'm quite curious thanks, Greenb
Greenb,

I trade the daily & 4 hour charts.
I was just showing some examples on the 1 hour chart
because I know lot's of people trade the 1 hour chart in here.

I like to set up the trades in the Asia session & liquidate out
in the N/Y session. I do not enter any trades after the N/Y lunch.
I'll wait until the Asia session. If I scalp some trades I'll enter in
the N/Y open & close that day, on the 1 hour chart.

95% of my trades are on the daily & 4 hour charts. If I could stay
up all night (my time) I might be more active on the 1 hour charts but
I can't seem to stay awake all night.

sj
  • #46,024
  • Dec 8, 2014 1:17pm Dec 8, 2014 1:17pm
Quoting Sesamstrasse
{quote} Pooah .. They want on the page oif Dean Malone around 600$ ??????????????????? Crazy ! Does someone share the " D.O.T.S. method indicator" ? / Or tell me the " key" of that what the indi calculates ? I´d like to add it to my TMS . Thanks Guido
Sesamstrasse,

Keep in mind that I trade off of levels mostly & try to
target levels. The tp1,tp2,tp2 I don't use. If I see
the tdi hooking over I'll liquidate out. Or if the apb
turns into a pin bar I'll liquidate out or if it changes
color or goes into the pac I'll liquidate out.

But some people use the tp1, tp2, tp3 indicator.

sj
  • #46,025
  • Dec 8, 2014 1:33pm Dec 8, 2014 1:33pm
Quoting snarlyjack
{quote} Sesamstrasse, Keep in mind that I trade off of levels mostly & try to target levels. The tp1,tp2,tp2 I don't use. If I see the tdi hooking over I'll liquidate out. Or if the apb turns into a pin bar I'll liquidate out or if it changes color or goes into the pac I'll liquidate out. But some people use the tp1, tp2, tp3 indicator. sj
You re totally right with it .. I m working on it .. and it will need months to have enough training to handle it ..My first week results were much better than working with fix targets . . But a H4trade cutting with 12pips or so because the tdi hooked , after it was 50 -60green was for me like driving a car with only one gear .Thanks for the indi ! Guido
Risiko birgt immer auch die Chance.
  • #46,026
  • Dec 8, 2014 1:57pm Dec 8, 2014 1:57pm
Quoting snarlyjack
{quote} Greenb, I trade the daily & 4 hour charts. I was just showing some examples on the 1 hour chart because I know lot's of people trade the 1 hour chart in here. I like to set up the trades in the Asia session & liquidate out in the N/Y session. I do not enter any trades after the N/Y lunch. I'll wait until the Asia session. If I scalp some trades I'll enter in the N/Y open & close that day, on the 1 hour chart. 95% of my trades are on the daily & 4 hour charts. If I could stay up all night (my time) I might be more active on the 1 hour charts...
ic, i know what you mean when you say you can't stay up all night, we are almost on the same tz, you are 1 hour faster than my place.
So are you disregarding Sydney market then and basically wait until Tokyo before you enter any setup?
I'm asking this because i suddenly have a lot of free time in the afternoon, finished all exams etc so i'm thinking of trading syd and tokyo also.
but i'm just not sure, i have almost never traded this 2 market. well other than LO-2 4h candle.
i'll appreciate any advice you have for me.
Thanks

Greenb
Daniel
  • #46,027
  • Dec 8, 2014 2:34pm Dec 8, 2014 2:34pm
Quoting emmanuel7788
{quote} {quote} Hello Kouroushi, UJ still buy mode next week. But be careful as we approach to year end festive season and liquidity maybe in question. There are closeby historical swing levels as resistance close by. See chart below. The TDI Volatibility Band is narrowing and the TDI very long time in the overbought 68-level. The strong bullish trend can continue into 2015. {image} regards,
Thank you Emmanuel...
  • #46,028
  • Dec 8, 2014 2:39pm Dec 8, 2014 2:39pm
Quoting Greenb
{quote} ic, i know what you mean when you say you can't stay up all night, we are almost on the same tz, you are 1 hour faster than my place. So are you disregarding Sydney market then and basically wait until Tokyo before you enter any setup? I'm asking this because i suddenly have a lot of free time in the afternoon, finished all exams etc so i'm thinking of trading syd and tokyo also. but i'm just not sure, i have almost never traded this 2 market. well other than LO-2 4h candle. i'll appreciate any advice you have for me. Thanks Greenb
Greenb,

I try to enter (after) the last 4 hour bar before L/O.

Let's say my last apb is 9:00 p.m. my time. I will watch the candle
and will get a really good feel for the market between 9:00 p.m. my
time & when I go to bed about 11:00 p.m. The L/o is like 1:30 a.m.
my time. Then I go to bed & check the 5:00 a.m. candle (N/Y open).
And decide what I'm going to do at 5:00 a.m. (liquidate, hold). I might
liquidate it, it just depends on how it looks? I think for the most part
the market is dead between N/Y close & 9:00 p.m.

My broker is changing everyone to 5 day N/Y close charts on Dec. 15th.
So my time's are going to be changing pretty soon. But it should stay
close to the above time's. Anyway that is how I do it. If I win, I win.
If I lose, I lose. But I try my best to win. I think we have a pretty good edge.

sj
  • #46,029
  • Dec 8, 2014 2:48pm Dec 8, 2014 2:48pm
Quoting snarlyjack
{quote} Greenb, I try to enter (after) the last 4 hour bar before L/O. Let's say my last apb is 9:00 p.m. my time. I will watch the candle and will get a really good feel for the market between 9:00 p.m. my time & when I go to bed about 11:00 p.m. The L/o is like 1:30 a.m. my time. Then I go to bed & check the 5:00 a.m. candle (N/Y open). And decide what I'm going to do at 5:00 a.m. (liquidate, hold). I might liquidate it, it just depends on how it looks? I think for the most part the market is dead between N/Y close & 9:00 p.m. My broker is changing...

Thx SJ,
it's just with this extra time i have, i felt restless not doing anything. since i usually trade from LO-2 to LO+10 max which pretty much means i have nothing to do now for the rest of the day

Greenb
Daniel
  • #46,030
  • Dec 8, 2014 2:53pm Dec 8, 2014 2:53pm
Hi SJ,

Thanks for sharing. I always enjoyed reading your posts. Do you check the candle at 12:00 (4 hour later after you enter in Asian Session) or only at 16:00 after NY open?
About the SL, do you place it at the last swing hi/lo like BigE (1-2 previous candle)?

King
  • #46,031
  • Dec 8, 2014 2:54pm Dec 8, 2014 2:54pm
Greenb,

Ok...if I were you I would trade the 5 minute & 15 minute time frames.
I would demo trade them for awhile & get a really good feel for those
time frames. See how it goes? Play around with it. Learn as much
as possible. Who know's you might like them or you might hate it.
But give it a try on demo with the system and see how it goes.
And report back to us what you think about the time frames & the system!

sj
  • #46,032
  • Dec 8, 2014 3:00pm Dec 8, 2014 3:00pm
Quoting snarlyjack
Greenb, Ok...if I were you I would trade the 5 minute & 15 minute time frames. I would demo trade them for awhile & get a really good feel for those time frames. See how it goes? Play around with it. Learn as much as possible. Who know's you might like them or you might hate it. But give it a try on demo with the system and see how it goes. And report back to us what you think about the time frames & the system! sj
That i could do, i'll count it as PA practice i guess
not 5/15 mins tf, more like 1h tf i would say. 5/15mins tf will kill me with the spread even when i win.

Greenb
Daniel
  • #46,033
  • Dec 8, 2014 3:13pm Dec 8, 2014 3:13pm
Quoting Greenb
{quote} Thx SJ, it's just with this extra time i have, i felt restless not doing anything. since i usually trade from LO-2 to LO+10 max which pretty much means i have nothing to do now for the rest of the day Greenb

Exercise, read a book, get a dog.....? Personally, I have tried trading outside of the London market hours and have only lost money. Outside of London (& the NY / London overlap) the major players in the market have left for the day. It either doesn't move at all, or is highly unpredictable and erratic due to lowered liquidity. I would encourage you to stick to the London market hours.... but, that's only because I'd hate to see anyone go through what I've been through over the past two years. Thus, my suggestion comes solely from my desire to see others do well.
  • #46,034
  • Dec 8, 2014 4:05pm Dec 8, 2014 4:05pm
Quoting sknight1
{quote} Exercise, read a book, get a dog.....? Personally, I have tried trading outside of the London market hours and have only lost money. Outside of London (& the NY / London overlap) the major players in the market have left for the day. It either doesn't move at all, or is highly unpredictable and erratic due to lowered liquidity. I would encourage you to stick to the London market hours.... but, that's only because I'd hate to see anyone go through what I've been through over the past two years. Thus, my suggestion comes solely from my desire...
i'm already reading a book at this point, and done my daily jog. dog will be next year when i can hopefully support myself with 1 day trading for 2-4 weeks of expense, then i can start relaxing.
on the market, well, i'm just going to be trading hourly on a demo account. if i do not do well, it will say something about how i response to price. On the other hand it is also a very good training excercise for my eye to see how s/r reacts and psychological affect on looking at a faster moving tf. also while it's true that London and New York are very good market, i think that Asia market should not be underestimated also, i believe there are plenty of traders that can and does make profit from trading Asia. i mean there is a reason that forex is 24/5.
However, I do totally appreciate your suggestion sknight, i just want to test myself and the system on faster tf during Sydney/Asia atm.

Greenb
Daniel
  • #46,035
  • Dec 8, 2014 4:39pm Dec 8, 2014 4:39pm
Quoting Greenb
{quote} i'm already reading a book at this point, and done my daily jog. dog will be next year when i can hopefully support myself with 1 day trading for 2-4 weeks of expense, then i can start relaxing. on the market, well, i'm just going to be trading hourly on a demo account. if i do not do well, it will say something about how i response to price. On the other hand it is also a very good training excercise for my eye to see how s/r reacts and psychological affect on looking at a faster moving tf. also while it's true that London and New York...
A book is fine but I find that I sometimes can't focus on my reading due to constantly trying to sneak a peak on my charts. Being out in somebody's company sure helps, or movies, unless you do that on your trading pc, in which case you will be tempted to constantly alt-tab. On the other hand, so long as you can withstand the need to alter your trade parameters, being restless is just fine I check on my trade very often even after I lock breakeven and am risk-free, it's just the lack of enough live practice. I'm sure at some point you end up being bored and it gets easier to stay away from charts while having a sense of fulfillment to your days.
  • #46,036
  • Dec 8, 2014 4:40pm Dec 8, 2014 4:40pm
Quoting snarlyjack
{quote} Sesamstrasse, This should be what your looking for. Take profit levels. Emmanuel is the expert on using the take profit levels. sj {file} {file}
Was anyone able to get the DrawLines Indicator to work? I tried a few times but nothing...?
  • #46,037
  • Dec 8, 2014 5:01pm Dec 8, 2014 5:01pm
Quoting Greenb
{quote} i'm already reading a book at this point, and done my daily jog. dog will be next year when i can hopefully support myself with 1 day trading for 2-4 weeks of expense, then i can start relaxing. on the market, well, i'm just going to be trading hourly on a demo account. if i do not do well, it will say something about how i response to price. On the other hand it is also a very good training excercise for my eye to see how s/r reacts and psychological affect on looking at a faster moving tf. also while it's true that London and New York...
Hey Greenb, I'm very glad to hear that I did not offend you. I agree, Sydney / Asian session can be good too. Good luck to you, let us know how you do.
  • #46,038
  • Edited 6:38pm Dec 8, 2014 6:27pm | Edited 6:38pm
Quoting sknight1
{quote} Hey Greenb, I'm very glad to hear that I did not offend you. I agree, Sydney / Asian session can be good too. Good luck to you, let us know how you do.
well this one sort of worked...but i find that spread can be a pain, especially on a bigger cross such as GA/EA eventhough they move more

p.s i do Asia/Sydney trading on a demo account

update: news candle push it to tp, +30 pips (demo)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 80 KB
Daniel
  • #46,039
  • Dec 8, 2014 6:36pm Dec 8, 2014 6:36pm
Quoting WDays
{quote} A book is fine but I find that I sometimes can't focus on my reading due to constantly trying to sneak a peak on my charts. Being out in somebody's company sure helps, or movies, unless you do that on your trading pc, in which case you will be tempted to constantly alt-tab. On the other hand, so long as you can withstand the need to alter your trade parameters, being restless is just fine I check on my trade very often even after I lock breakeven and am risk-free, it's just the lack of enough live practice. I'm sure at some point you...
the perimeter stays, that i have no problem with. my only problem is that NY close is my 2pm, and i usually only trade until NY lunch time which is my 10AM. so i pretty much have the entire day free to do anything at all since i just finished all exams. most of my friends are older and are working during the time when i'm free. and when they are wounding down from a days work, it's about time for me to get ready for trading (my 10pm = LO-2) as i usually start looking for setup at that time. so yeahh.....hence the Asia session

Greenb
Daniel
  • #46,040
  • Dec 8, 2014 8:02pm Dec 8, 2014 8:02pm
Quoting Greenb
{quote} well this one sort of worked...but i find that spread can be a pain, especially on a bigger cross such as GA/EA eventhough they move more p.s i do Asia/Sydney trading on a demo account update: news candle push it to tp, +30 pips (demo) {image}
2 more trades at the closing of the hour for the news, i picked AU and EA this time.
again this is just me demoing on 1h tf on Asian market.
both have SL at BE, and i'm converting them to 4h tf
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 241 KB
Daniel
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