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  • #161
  • Aug 30, 2013 1:52am Aug 30, 2013 1:52am
Quoting Lensok
Hello Drewas, thanks for sharing your system. I tested it for a couple of weeks, did mistakes, hopefully learned from them to become more efficient. But there are still mistakes that I cannot explan like this one : {image} Could you please explain me how I could have prevent this kind of failure ? I feel like there is something that I am not monitoring properly. Thanks.

Hi just want to comment that trading should be looked upon not just mechanical way but holistic approach.What do I mean by this?
Ok overall trend on Aussie has been down for months.That is dominate trend.Within this dominate trade we got corrective waves or retracement because price rarely goes flat down or up.
You happened to buy top of the move close where supply is waiting with their limit shorts.
So understanding basic concept of Price Action will help you to discriminate when to take a trade irregardless what indicators tell you.Indicators only add slight edge but you are the driver and you make the call.
Trading is subjective and that is why identical trading system can be both profitable and unprofitable depending how one applies it.
Anyway good luck.I am going to upload nice S/R pdf for you to read.It will help you.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.daily.png Size: 33 KB
Attached File(s)
File Type: pdf BRV_S+R_Trading.pdf   652 KB | 1,691 downloads
In trading, you have to be defensive and aggressive at the same time
  • #162
  • Aug 30, 2013 2:18am Aug 30, 2013 2:18am
Continued.
Hi Drewas
Not hijacking this thread but wanted to share few basic ideas.I hope you don't mind.

When one clicks on system section there are literally hundreds of them some over 10000 posts and most retired to collecting dust.
Why is this phenomena so common?Answer is most of these systems are mechanical and take the trader out of it and assume mechanical signals are good signals and profitable...Well if they were profitable then why did they all basically die out.Answer is simple.They were not profitable and could not be as long as pilot is flying the plane with eyes closed...
Trading is simple and complex same time.Simplicity is reached after understanding its complex components and players involve.
Could a mechanical system predicted what happened on weds Carney's speech?Not the slightest.
Should you be aware of news,fundamentals?Absolutely and it should be daily ritual. News and why that could effect what your indicators are telling you.
Best analogy to me is being in plane high above and then zero down for a kill after clearly seeing the terrain and booby traps.
I mean TOP down approach

1.News

2.Momentum (trend direction and liquidity factor)

3.Price in relation to S/R,round numbers,fib levels

4.Your mechanical signals in relation to above

5.Trade taken when everything fits in.
In trading, you have to be defensive and aggressive at the same time
  • #163
  • Sep 1, 2013 8:13am Sep 1, 2013 8:13am
Nice to see an experienced trader contributing to my little corner of Forexdom .
We're all just one trade away from humility.
  • #164
  • Sep 1, 2013 10:12am Sep 1, 2013 10:12am
Can anyone recommend an ADR (Average Daily Range ) indicator?

I have been using xadr but it seems to crash my platform occasionally.
We're all just one trade away from humility.
  • #165
  • Sep 2, 2013 1:01pm Sep 2, 2013 1:01pm
One trade today for 32 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: audusd 020903.PNG Size: 27 KB
We're all just one trade away from humility.
  • #166
  • Sep 14, 2013 4:54am Sep 14, 2013 4:54am
Ok haven't traded or posted for a while. Been off doing my bit for society on jury service.

Hope to and need to, get back trading this week.
We're all just one trade away from humility.
  • #167
  • Sep 14, 2013 4:57am Sep 14, 2013 4:57am
Think I've found a solution to the xadr indicator crashing my MT4.

If I copy both the .ex4 and .mq4 (see below) file to the indicators folder it seems to work flawlessly.

Attached File(s)
File Type: ex4 xADR_0.1.ex4   6 KB | 429 downloads

Attached File(s)
File Type: mq4 xADR_0.1.mq4   4 KB | 438 downloads
We're all just one trade away from humility.
  • #168
  • Jan 10, 2015 12:29pm Jan 10, 2015 12:29pm
Drewas,

Congratulations on a fine improvement on the TMS trading. I just got my son trading (he'll go live after he finishes Baby Pips School of PIPsology).

I never thought anybody could improve on Trading Made Simple, eelfranz would be mighty proud of your contribution.

Carry on with your good work... Many happy PIPs to you.


MTPockets
  • #169
  • Feb 25, 2015 9:21am Feb 25, 2015 9:21am
MT thanks for the kind words. Eelfranz's method has allowed me to realise my financial dreams. Its just a shame hes not with us so I and other traders can thank him personally for his kindness.

I still trade this method daily and successfully with no real changes since I last posted.
We're all just one trade away from humility.
  • #170
  • Feb 25, 2015 10:04am Feb 25, 2015 10:04am
Today's trade:-

Entered after Sun, was risky but held on for 30 pips. Exited after green dot appeared and hook on green TDI.

Expect price to carry on down through 0 on MACD but happy with 30 pips (we will see).

Attached Image (click to enlarge)
Click to Enlarge Name: today.PNG Size: 41 KB
We're all just one trade away from humility.
  • #171
  • Feb 25, 2015 10:10am Feb 25, 2015 10:10am
After saying nothings changed since my previous posts, I have realised that's not strictly true.

I found a more stable ADR indicator that doesnt crash MT4:-

Attached File(s)
File Type: mq4 xADR_0.2renko.mq4   4 KB | 400 downloads

Attached File(s)
File Type: ex4 xADR_0.2renko.ex4   10 KB | 406 downloads


Also changed the news indicator:-

Attached File(s)
File Type: ex4 FFCal-WUKAR.ex4   50 KB | 394 downloads


Not mine so Kudos to the programmers.
We're all just one trade away from humility.
  • #172
  • Feb 25, 2015 2:41pm Feb 25, 2015 2:41pm
So took another trade on GBPUSD

Waited for price to move up from the green dot, ignored the two 'indecisive' small candles and entered above blue candle once it closed> MACD closed up and TDI crossed.

Have held it and momentum increased and have exited from 32 pips.

Attached Image


Exited early, but happy with 32 pips.
We're all just one trade away from humility.
  • #173
  • Feb 25, 2015 2:52pm Feb 25, 2015 2:52pm
Hi, sorry for possible stupid lazy question but what does it mean when there is a sun around the semiphor?
  • #174
  • Edited 3:46pm Feb 25, 2015 3:32pm | Edited 3:46pm
Quoting iak
Hi, sorry for possible stupid lazy question but what does it mean when there is a sun around the semiphor?
It means there is a change of direction with a strong chance of it becoming longer term. Red, green and yellow dots show change of direction generally for smaller periods.

I use them as an early warning and then use TDI cross and/or MACD level change for confirmation of trade.

Some people trade between the Suns. If you get a sun AND a TDI cross you will make pips. Always trade away from the last dot.

Best thing to do is pop the indicator on a chart and watch what it does. Is a big help in seeing waves and being on the right side of a trade. It does change (or repaint as some say) but thats not an issue for me.

Hope that helps.
We're all just one trade away from humility.
  • #175
  • Feb 25, 2015 4:20pm Feb 25, 2015 4:20pm
Quoting Drewas
{quote} It means there is a change of direction with a strong chance of it becoming longer term. Red, green and yellow dots show change of direction generally for smaller periods. I use them as an early warning and then use TDI cross and/or MACD level change for confirmation of trade. Some people trade between the Suns. If you get a sun AND a TDI cross you will make pips. Always trade away from the last dot. Best thing to do is pop the indicator on a chart and watch what it does. Is a big help in seeing waves and being on the right side of a trade....
Thanks for reply. Ive stuck it on my 5min charts with 100lwma. Looks great for pullback with-trend trades and perhaps counter trend trades if there is a sun and divergence. Will have a play tomo.
  • #176
  • Edited 7:53am Feb 26, 2015 5:26am | Edited 7:53am
So an update on yesterday trades to show how Semaphore indicator 'repaints':-

Attached Image


So yesterdays high (sun) has been replaced with a red dot and a new high (sun) has been reached around Frankfurt open.

The signals are still valid and had I held my trade yesterday over night would have reached 60 odd pips. Entering after todays sun (at the TDI cross and after the candle change to red) would have bagged you around 30 pips and counting.

If the move continues it should go through the 0 on MACD for some further pips.

Attached Image


What do you know it carried on through 0 on MACD. Now how far it will go? To the blue 100 moving average? maybe.

Attached Image


Helped by news but got there! Am I a genius no. This happens all the time just look back at charts and you will see.

Wish I had taken the trade now.
We're all just one trade away from humility.
  • #177
  • Feb 26, 2015 5:35am Feb 26, 2015 5:35am
I didn't take above trade today I am in on EURAUD:-

Attached Image


Entry at close of first red candle and currently 90 pips. Waiting for a reason to exit.

A more aggressive (riskier) entry would have been at close of yellow dot candle for extra pips before the TDI cross / candle colour change.
We're all just one trade away from humility.
  • #178
  • Edited 7:18am Feb 26, 2015 6:22am | Edited 7:18am
Possible setup on AUDUSD?

Lets see if candle closes red.

Attached Image


Price stalled around 800 EMA, red news and New York open soon so what would you do?

Decided against it due to red news. Will see what happens after.
We're all just one trade away from humility.
  • #179
  • Feb 26, 2015 8:15am Feb 26, 2015 8:15am
Out for 113 points. Would and should hold for signal to exit but have to go out:-

Attached Image


Wont have so much time to post moving forward, but hope its benefited some, seeing my trading methodology.

Green pips!
We're all just one trade away from humility.
  • #180
  • Feb 26, 2015 8:36am Feb 26, 2015 8:36am
Quoting Drewas
Out for 113 points. Would and should hold for signal to exit but have to go out:- {image} Wont have so much time to post moving forward, but hope its benefited some, seeing my trading methodology. Green pips!
Hi Drewas, Im a newbie to FF and currently demo trading to learn more. i came across your forum yesterday, i follow the TMS system and noticed your method is the outcome of that. I really like the setup and seeing good results. Can you please share or direct me to where i can get you chart setup - templates and indi please. Specifically the Dots and Sun? Many thanks in advance.
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