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  • #49,321
  • Jan 9, 2015 10:37am Jan 9, 2015 10:37am
I will understand some day. Hope it wont be to late.
For a begginner what are the recomanded ones?
I got TDI, PAC, GUPPY, APB, on my setup mt4

Btw. Did UJ hit on H4 200EMA ? can it bounce back ?

Thanks
If you want to make God laugh, tell him about your plans. Woody Allen
  • #49,322
  • Jan 9, 2015 10:59am Jan 9, 2015 10:59am
Quoting snarlyjack
{quote} Shabba, Their are a bunch of different entry signals. 1). The Tdi. 2). The Pac. 3). The guppy's. 4). Price action. 5). Confluence (s/r levels). 6). The Apb's. Every market is different & every set-up is different. We look at a lot of different markers...The more markers going in our direction, the higher % of trade were in... I hope this helps you! sj
Just exited this position - and with reference to the various set-up markers listed by SJ, for this entry we had;

- TDI green above red at good angle,
- entry bar saw a bounce of PA off guppy's,
- PA had bounced off the 200 EMA,
- entry bar above the prior day high,
- limited range of daily ADR at point of entry - so possible 30-50 pip range on trade.

ended up hitting 50 pip target - nice end to the week.
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  • #49,323
  • Jan 9, 2015 11:02am Jan 9, 2015 11:02am
HI can SJ or anyone help me with this, look at my ADR meter top right, its saying 162 left to go down, I am testing different indicators as im not very good with s/r levels, the new ADR level indicator I have just dragged onto the chart at the bottom says there should be a negative figre as PA has gone straight past it? should they not be agreeing with each other ? also ive added a yesterdays high and low, why would I need both? ive now got 3 different indis shouting 3 different things at me? im confused
One thought that came into my head is Big E saying, don't over complicate things, but on the other hand I need to know where s/r is, please help guysthanks m
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  • #49,324
  • Jan 9, 2015 11:04am Jan 9, 2015 11:04am
Quoting mch1970
{quote} Just exited this position - and with reference to the various set-up markers listed by SJ, for this entry we had; - TDI green above red at good angle, - entry bar saw a bounce of PA off guppy's, - PA had bounced off the 200 EMA, - entry bar above the prior day high, - limited range of daily ADR at point of entry - so possible 30-50 pip range on trade. ended up hitting 50 pip target - nice end to the week. {image}
Thank you very much !

What indi you use for prio day high and low. ?
If you want to make God laugh, tell him about your plans. Woody Allen
  • #49,325
  • Jan 9, 2015 11:09am Jan 9, 2015 11:09am
Quoting shabba
{quote} Thank you very much ! What indi you use for prio day high and low. ?
Hi Shabba,
No problem - Indicator attached - you can adjust the settings as required. Thanks
Attached File(s)
File Type: ex4 Yesterday High & Low.ex4   4 KB | 446 downloads
  • #49,326
  • Jan 9, 2015 11:12am Jan 9, 2015 11:12am
Quoting mch1970
{quote} Hi Shabba, No problem - Indicator attached - you can adjust the settings as required. Thanks {file}
Ty.
If you want to make God laugh, tell him about your plans. Woody Allen
  • #49,327
  • Jan 9, 2015 12:38pm Jan 9, 2015 12:38pm
2015 Week 2 - Trade Summary:

5 trades in total:
- 2 wins
- 3 BE
- 0 Losses

A fairly good start to my 2015 on EA H1. A total of 80 pips this week adding approximately +6% on to my account.

Monday: Reduced my 50 pip TP to a conservative 30 pips in line with a recent support level from the previous week (yellow line). The increased momentum in the market however burst through this and would have given up 50 as it happens. (+30 pips, +2%)

Tuesday: Double top formed by Frankfurt and LO candle. As explained previously, TDI hadn't fully crossed but entry was reinforced by the double top, LO pullback candle and the strong downtrend. (+50 pips, +4%)

Wednesday: Standard TMS entry following TDI cross. SL moved to BE just before major news. Price drew back sharply seconds before the high impact news stopping me out at BE.

Thursday: Waited for proper TMS entry in this case. Asia made a large move so I wasn't sure how much movement we would see during London. Otherwise, I might have thought about entering on a break below Frankfurt. The continuation was short-lived and I was yet again stopped out at BE during a pullback.

Friday: Was cautious about entering before NFP but saw a nice CT TDI bounce setup at LO. Price moved 36 pips in my favour before reversing and stopping me out at BE. I was hoping it might stay open until NFP and with some luck that might get me to my TP, but as it happens this pushed price down anyway.


I have been tending to set my SL and TP and let trades play out until one of these is met. This week however, I have ended up giving a lot of pips back to the market with this approach. This weekend more back-testing awaits. I need to keep hold of more of those pips.

As always some excellent trades from the regulars in here this week. Thanks to everyone who continues to contribute!

Have a nice weekend all!

Ballistical
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Focus on the process and the profits will follow
  • #49,328
  • Jan 9, 2015 1:13pm Jan 9, 2015 1:13pm
Quoting Ballistical
2015 Week 2 - Trade Summary: 5 trades in total: - 2 wins - 3 BE - 0 Losses A fairly good start to my 2015 on EA H1. A total of 80 pips this week adding approximately +6% on to my account. Monday: Reduced my 50 pip TP to a conservative 30 pips in line with a recent support level from the previous week (yellow line). The increased momentum in the market however burst through this and would have given up 50 as it happens. (+30 pips, +2%) Tuesday: Double top formed by Frankfurt and LO candle. As explained previously, TDI hadn't fully crossed but entry...
well done mate I was also on 80 pips until this morning and took 2x wrong trades now 20 pips down, I knew I should have given today a miss, never mind ill try again next week
  • #49,329
  • Jan 9, 2015 1:46pm Jan 9, 2015 1:46pm
Quoting mch1970
{quote} Just exited this position - and with reference to the various set-up markers listed by SJ, for this entry we had; - TDI green above red at good angle, - entry bar saw a bounce of PA off guppy's, - PA had bounced off the 200 EMA, - entry bar above the prior day high, - limited range of daily ADR at point of entry - so possible 30-50 pip range on trade. ended up hitting 50 pip target - nice end to the week. {image}
Mch,

That is excellent.
Don't forget the apb color change
sj
  • #49,330
  • Jan 9, 2015 1:49pm Jan 9, 2015 1:49pm
Quoting Ballistical
2015 Week 2 - Trade Summary: 5 trades in total: - 2 wins - 3 BE - 0 Losses A fairly good start to my 2015 on EA H1. A total of 80 pips this week adding approximately +6% on to my account. Monday: Reduced my 50 pip TP to a conservative 30 pips in line with a recent support level from the previous week (yellow line). The increased momentum in the market however burst through this and would have given up 50 as it happens. (+30 pips, +2%) Tuesday: Double top formed by Frankfurt and LO candle. As explained previously, TDI hadn't fully crossed but entry...
Ballistical,
I think that is excellent & your doing great.
Can I ask you a question? I've found that using
levels really help me target. Why don't you try some
levels & let me know what you think about using them.
sj
  • #49,331
  • Jan 9, 2015 1:51pm Jan 9, 2015 1:51pm
Quoting montego
{quote} well done mate I was also on 80 pips until this morning and took 2x wrong trades now 20 pips down, I knew I should have given today a miss, never mind ill try again next week
Montego,
That happen's to the best of us
and you learned some new things...
sj
  • #49,332
  • Jan 9, 2015 2:37pm Jan 9, 2015 2:37pm
Quoting ehh
{quote} hi griffinsoul, can i have that panel ratio indicator in tdi windows? seems preety useful. thanks-ehh
Hi ehh, my apologies mate - totally didnt see this - focused on the trades... please go to the thread http://www.forexfactory.com/showthread.php?t=518993 and you will find it. I now totally rely on this - it helps me a lot. If you need help let me know on that thread
  • #49,333
  • Jan 9, 2015 2:47pm Jan 9, 2015 2:47pm
Quoting wyley187
I manually closed my gbp/chf [email protected] and manually closed my E/A short, I just see PA not breaking some levels I wanted it too,I'll probably kick myself later, I'll remain flat til after NFP {image}
Great trade wyley187 mate - focus on the win mate, never look back cause then its a loss (this will interfere with your trading cause the next time you will want to ride it out for more but just get less)

Congrats everyone This week seemed a bit weird mid-W. Looking forward to the next
  • #49,334
  • Jan 9, 2015 2:57pm Jan 9, 2015 2:57pm
Quoting Ballistical
2015 Week 2 - Trade Summary: 5 trades in total: - 2 wins - 3 BE - 0 Losses A fairly good start to my 2015 on EA H1. A total of 80 pips this week adding approximately +6% on to my account. Monday: Reduced my 50 pip TP to a conservative 30 pips in line with a recent support level from the previous week (yellow line). The increased momentum in the market however burst through this and would have given up 50 as it happens. (+30 pips, +2%) Tuesday: Double top formed by Frankfurt and LO candle. As explained previously, TDI hadn't fully crossed but entry...
Great trading and management Ballistical - well done mate The opportunity to switch to BE(+comm) is one of the best parts of this trading method IMO - for the 30-50 pip TP perhaps all you can do is set and forget?
  • #49,335
  • Jan 9, 2015 3:12pm Jan 9, 2015 3:12pm
Quoting montego
HI can SJ or anyone help me with this, look at my ADR meter top right, its saying 162 left to go down, I am testing different indicators as im not very good with s/r levels, the new ADR level indicator I have just dragged onto the chart at the bottom says there should be a negative figre as PA has gone straight past it? should they not be agreeing with each other ? also ive added a yesterdays high and low, why would I need both? ive now got 3 different indis shouting 3 different things at me? im confused One thought that came into my head...
Hi montego, looks like they might be over different periods ? The thing with the ADR is your current range will be a part of that estimate ... LOL.... so its kinda strange to say - you have room left? What the heck does that really mean... LOL! Even in a trend your candle range can vary wildly... I have that on my chart too but just glance @ it ... i havent tried that level thing though... ADR high/low - really this is just another kind of MA except with daily ranges - seems to be working on your chart though
  • #49,336
  • Jan 9, 2015 3:30pm Jan 9, 2015 3:30pm
Griff, send me an email. I've reached my PM limit for the day.
  • #49,337
  • Jan 9, 2015 3:35pm Jan 9, 2015 3:35pm
Quoting sknight1
Griff, send me an email. I've reached my PM limit for the day.
I thought you were joking about this sknight1? Wow a PM limit, never knew that...
  • #49,338
  • Jan 9, 2015 3:42pm Jan 9, 2015 3:42pm
Quoting griffinssoul
{quote} I thought you were joking about this sknight1? Wow a PM limit, never knew that...
Nope, not joking. Limit of 24 every 24 hours. I can read incoming PMs but, can't respond. Got your last one, will see you next week. And we can all "mug the market".
  • #49,339
  • Jan 9, 2015 4:56pm Jan 9, 2015 4:56pm
Quoting montego
{quote} well done mate I was also on 80 pips until this morning and took 2x wrong trades now 20 pips down, I knew I should have given today a miss, never mind ill try again next week
Happens to the best of us Montego! I usually don't trade NFP but took a chance this morning on that setup. Look forward to next week now and start from fresh!


Quoting snarlyjack
{quote} Ballistical, I think that is excellent & your doing great. Can I ask you a question? I've found that using levels really help me target. Why don't you try some levels & let me know what you think about using them. sj
Thanks SJ! There's been lots of talk about levels in here lately since Dan posted the pivot levels indi. I'd kinda assumed this was more for the higher TF traders. Hadn't even considered using it on the 1Hr. I'll have a look at it over the weekend and see how I get on. Thanks again!


Quoting griffinssoul
{quote} Great trading and management Ballistical - well done mate The opportunity to switch to BE(+comm) is one of the best parts of this trading method IMO - for the 30-50 pip TP perhaps all you can do is set and forget?
Thanks Griff! Absolutely, I'll take BE over a loss any day... as has been said many times in here before "manage the losers and the winners will manage themselves." I used to enter trades focusing solely on potential profits. Recently though I'm much more focused on how much I could stand to lose...
Focus on the process and the profits will follow
  • #49,340
  • Jan 9, 2015 5:08pm Jan 9, 2015 5:08pm
Quoting mch1970
{quote} Just exited this position - and with reference to the various set-up markers listed by SJ, for this entry we had; - TDI green above red at good angle, - entry bar saw a bounce of PA off guppy's, - PA had bounced off the 200 EMA, - entry bar above the prior day high, - limited range of daily ADR at point of entry - so possible 30-50 pip range on trade. ended up hitting 50 pip target - nice end to the week. {image}

Hi mch,

Good Trade. CONGRATS!

Just one comment, did you notice that the SM ADR Marker low line had moved upwards to the Asian low?
When the day open, the ADR High Low lines are placed at equal distance from the 'ADR start'.
As the price move during the day, the ADR High Low lines will move. The AUDUSD has a day range average of between 70 and 87 pips, if you measure the pips from the ADR Low level, that will help you extend your profit target above the ADR High. Also You can target the BRN 0.8200.
Always protect the downside of your trades, let the market decide the upside and your TP.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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