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More simple is impossible

  • #521
  • Dec 30, 2014 7:05am Dec 30, 2014 7:05am
I see what you both saying. Lots of chart time needed to figure this out me thinks.
  • #522
  • Dec 31, 2014 12:13pm Dec 31, 2014 12:13pm
OK so been playing around with this. What do you think of this an idea?.......

Attached Image (click to enlarge)
Click to Enlarge Name: just_an_idea.png Size: 75 KB
  • #523
  • Dec 31, 2014 12:54pm Dec 31, 2014 12:54pm
Quoting iak
OK so been playing around with this. What do you think of this an idea?....... {image}
One time i thought something like that but TMA is a repainter so you won't get that TMA in real time like its shown in that image.
  • #524
  • Dec 31, 2014 1:17pm Dec 31, 2014 1:17pm
Correct - if you want to understand what a TMA is and isn't, there's a very good thread on Forex-TSD which will educate on the subject.
  • #525
  • Dec 31, 2014 7:35pm Dec 31, 2014 7:35pm
Quoting iak
OK so been playing around with this. What do you think of this an idea?....... {image}
Though am not familiar with tma but since someone claim is a repainter then i dont think it will do much good. The idea of using the 4hr or 1hr HA indi will do much much better if only a method can be built around it.

Just my opinion.
  • #526
  • Jan 1, 2015 4:14am Jan 1, 2015 4:14am
Hi, yes I know TMA repaints. Basically I was thinking the best entries would be in the direction of the trend indicated by the MA in colour as the thread starter suggested. However, price reverses and makes its way back to the MA regularly. Using the TMA as a guide we may be able to get a better picture of when price has gone far enough and is wanting to come back and visit the MA and therefore avoid getting in at the wrong time. Also it could help us stay in trade more confidently until we see that price has moved too far away from he MA and so we exit trade. Just ideas. The thread starter has found a brilliantly simple way to trade. I just dont want to get in a situation whereby I am whip-sawed into ruin and so need more safety. I will have a play with it next week and post any trades here.

HAPPY NEW YEAR EVERYONE
Lets make some pips !
  • #527
  • Jan 1, 2015 3:55pm Jan 1, 2015 3:55pm
Happy new year everyone!!

dee, one quick question:
when do you set your SL at breakeven +2?
  • #528
  • Edited 5:50am Jan 2, 2015 3:37am | Edited 5:50am
Trying a little counter-trend trade...

Attached Image (click to enlarge)
Click to Enlarge Name: counter_trend_trade.png Size: 30 KB


closed for -6pips
  • #529
  • Jan 5, 2015 5:37am Jan 5, 2015 5:37am
EU +50. Nice start to 2015. Definitely a Down Trend. So waited for a signal short. Entry came following HTF Div at major S&R with a Dbl Top. TP was difficult to judge as we are looking back at 2005 for S&R levels, even 2003. But a 123 formed providing a measured move with confluence at S&R all the confirmation I need. I closed out at 50 pips thinking that price would bounce, it didn't well not much so I gave back 4 pips,I can live with that.
Although the 3 pip chart shows sideways action the 10 pip chart shows a strong down trend. Don't get tunnel vision look up a couple of time frames just for confirmation, and especially for 2015 do youreselves a favour and Zoom Out not In.

Happy New Year.
Attached Image (click to enlarge)
Click to Enlarge Name: EU +50 50115.png Size: 58 KB
Cut your Losers short and let your Winners run.
  • #530
  • Jan 5, 2015 5:44am Jan 5, 2015 5:44am
Quoting Mr.Ma
Happy new year everyone!! dee, one quick question: when do you set your SL at breakeven +2?
@+5 pips, means you get taken out early more often, but there are no losses to recoup. This applies to EU I do not know how well it works on other pairs.
Cut your Losers short and let your Winners run.
  • #531
  • Jan 5, 2015 6:38am Jan 5, 2015 6:38am
Quoting dee50
{quote} @+5 pips, means you get taken out early more often, but there are no losses to recoup. This applies to EU I do not know how well it works on other pairs.
Cheers for the information!
I thought the same! plus 5 is a good Point to go on BE+ to cover commissions and spread.

Iam thinking about to trade GU, UCad and UChf as well... Will share my experience !
  • #532
  • Jan 5, 2015 7:07am Jan 5, 2015 7:07am
Happy new year to All
HI Dee Thanks for your inputs learning lot from you.

Todays Trades
-7
+2
+10
+8
Total= 13 pips.

Missed the main Trend. But still in positive.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-ProM2 5.01.2015.png Size: 54 KB
  • #533
  • Jan 5, 2015 9:46am Jan 5, 2015 9:46am
Quoting dee50
EU +50. Nice start to 2015. Definitely a Down Trend. So waited for a signal short. Entry came following HTF Div at major S&R with a Dbl Top. TP was difficult to judge as we are looking back at 2005 for S&R levels, even 2003. But a 123 formed providing a measured move with confluence at S&R all the confirmation I need. I closed out at 50 pips thinking that price would bounce, it didn't well not much so I gave back 4 pips,I can live with that. Although the 3 pip chart shows sideways action the 10 pip chart shows a strong down trend. Don't get tunnel...
Where do you place your stoploss?
  • #534
  • Jan 5, 2015 3:41pm Jan 5, 2015 3:41pm
I only had time for one quick trade today...
It was on the Dax and good for 18 points.

Attached Image (click to enlarge)
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  • #535
  • Jan 5, 2015 3:42pm Jan 5, 2015 3:42pm
Quoting Esosa
{quote} Where do you place your stoploss?
SL for me is always the last recent swing high/low...
But never ever more than 20 Pips
  • #536
  • Jan 6, 2015 12:54am Jan 6, 2015 12:54am
Quoting jeetvirk
Happy new year to All HI Dee Thanks for your inputs learning lot from you. Todays Trades -7 +2 +10 +8 Total= 13 pips. Missed the main Trend. But still in positive. {image}
Hey jeetvirk,
may I ask you which arrow indicator you are using?
  • #537
  • Jan 6, 2015 1:13am Jan 6, 2015 1:13am
quick and easy 12 points at market open on the Dax
entry a bit to early but went out nicely.

Attached Image (click to enlarge)
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  • #538
  • Jan 6, 2015 1:51am Jan 6, 2015 1:51am
Quoting Mr.Ma
{quote} Hey jeetvirk, may I ask you which arrow indicator you are using?
Hi MA please see attached file

thanks
regards
Attached File(s)
File Type: ex4 2 Moving Average Signal (1).ex4   5 KB | 384 downloads
  • #539
  • Jan 6, 2015 2:34am Jan 6, 2015 2:34am
Quoting Mr.Ma
quick and easy 12 points at market open on the Dax entry a bit to early but went out nicely. {image}
I can see you have Nihilist indicator on your chart. Regarding the repainting issue how has it been with your entry signals? and how do you implement it to your trading?
  • #540
  • Jan 6, 2015 2:42am Jan 6, 2015 2:42am
Quoting jeetvirk
{quote} Hi MA please see attached file thanks regards {file}
Thank you very much!
Appreciate it!

Will check it when I get home tonight
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