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Trading Made Simple

  • #57,961
  • Jun 16, 2015 7:17pm Jun 16, 2015 7:17pm
Hi everyone! I've been lurking around here for a while, but this is my first time posting. I really enjoy trading the TMS method and it has made me money thanks too BigE, god bless his soul. I have read the TMS thread up to 612 pages and I am still reading. I am curious if anyone has tried to make an RSI/TDI Email Alert indicator on when RSI/TDI goes Flat or Check marks. I currently use TDI watch dog for email alerts on when there is a good CROSS, but an Email alert on for when to be cautious or exit would free up a lot of my time. I do apologize in advance if I overlooked something.

Thanks a bunch and happy trading to everyone.
  • #57,962
  • Jun 16, 2015 9:30pm Jun 16, 2015 9:30pm
Quoting Apme123
Hi everyone! I've been lurking around here for a while, but this is my first time posting. I really enjoy trading the TMS method and it has made me money thanks too BigE, god bless his soul. I have read the TMS thread up to 612 pages and I am still reading. I am curious if anyone has tried to make an RSI/TDI Email Alert indicator on when RSI/TDI goes Flat or Check marks. I currently use TDI watch dog for email alerts on when there is a good CROSS, but an Email alert on for when to be cautious or exit would free up a lot of my time. I do apologize...
Hi,

that will not make sense because you will get a lot of emails with every TDI flat/hook.... when monitoring several pairs.
there is already an expert advisor which does that.

TMS watchdog is good enough for cross and angle alert especially when we trade H4.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,963
  • Jun 16, 2015 9:34pm Jun 16, 2015 9:34pm
Quoting Ballistical
{quote}{quote} Thanks for sharing HR, Its reassuring to know I wasn't the only one that struggled last week! I had a little more luck today {image}
Very good trade Ballistical.
Learn from this setup and the market hours - especially when after Sydney closed and the Tokyo closing hour. Listen to the Asian markets because of the AUD.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,964
  • Jun 16, 2015 9:35pm Jun 16, 2015 9:35pm
Quoting emmanuel7788
{quote} Hi, that will not make sense because you will get a lot of emails with every TDI flat/hook.... when monitoring several pairs. there is already an expert advisor which does that. TMS watchdog is good enough for cross and angle alert especially when we trade H4.

I just want it to run on an open trade only, to alert me when to get out or when to pay attention. If i am a sleep or doing something else the email will wake me up or let me know on my phone. I couldn't get get expert tool box or the other ea to just send an alert when tdi goes flat or hooks as it looks like it has to initiate the trade. I just want it for monitoring nothing else. So if I have one or two trades open it will let me know hay time to get out or keep an eye on it.

Thank you for taking the time to respond, I appreciate it.
  • #57,965
  • Jun 16, 2015 9:57pm Jun 16, 2015 9:57pm
Quoting GrantMcscott
Hi After the cross has happened and the app have changed colour do you trade straight away on the open of the new candle or wait to see if there is any draw down first. Thanks

Hi GM,

as a general rule, we wait for the price bar/candle to close to confirm the TDI cross and APB colour.
when the next new price bar/candle opens and we see the TDI crossed or have the angle 12-2 or 4-6 clock face angle, and the APB has changed colour, these would be the conditions for the setup candle.
There are exceptions, for example if the setup candle is a 'big candle', we do not enter after a 'big candle'.

What is a 'big candle'?
Ans: Wide Range Bar seen using the real price bar. A price bar which has a wide range compared to the previous 3 to 5 bars.

Avoid trading when there are many 'small candles'.....


regards,
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD D chart Swing Low examples.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,966
  • Jun 16, 2015 10:02pm Jun 16, 2015 10:02pm
Quoting Apme123
{quote} I just want it to run on an open trade only, to alert me when to get out or when to pay attention. If i am a sleep or doing something else the email will wake me up or let me know on my phone. I couldn't get get expert tool box or the other ea to just send an alert when tdi goes flat or hooks as it looks like it has to initiate the trade. I just want it for monitoring nothing else. So if I have one or two trades open it will let me know hay time to get out or keep an eye on it. Thank you for taking the time to respond, I appreciate it.

ok, I know what you mean.

I use my broker' price level alert send via SMS when I have open trades.

It is simple to setup and can be drag and drop on the trading chart. When the next candle close is equal the last candle close, the TDI Green will hook backwards.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,967
  • Jun 16, 2015 10:40pm Jun 16, 2015 10:40pm
Quoting birdnest
{quote} I took a break from trading. I have decided to trade on H4 & D trades which are less stressful and gives more time for analysis. For EUJPY: In Day charts, it seem to be taking a slight correction before going continuing in an upward trend. I am looking for a break out of 139.47 to continue the buy position for H4 trade. For GU: In Day charts, it seem to be working its way up too. I am looking for a break out of 139.47 to continue the bull trend for D trade

Hi,

you should be able to trade H4 and D1 following the same 5-Method basic rules.
trade results should be good and you will gain experience.
you will then have more confidence in the method.
after this, trading H1 will be an option when you have time to day trade. you don't need a lot of H1 trades per week. Just 5 trades per week with the major pairs - EU,GU,AU,AJ and EJ. These pairs will give you 5 good trades per week. Just don't be trigger happy when trading H1. Keep TP target small within expectation of the daily range.
AU and AJ (aslo EJ) you can trade during the Asian session.

good trading ahead.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,968
  • Jun 16, 2015 10:53pm Jun 16, 2015 10:53pm
Quoting sEit89
Two quick trades before red news. {image}
http://www.forexfactory.com/attachme...8&d=1434459482
Hi,

What do we learn from those 3 trades on your chart above?

trading regular candles, 'big candles' and 'small candles'....

never chase after the market 'big candles'.
your technical stop loss is last swing low and will be too big and will not make good position sizing.
however, if you use fix lot size and small SL, you risk being stopped out during the retracement of 'big candle' as entry.

it will be different story if you are scalping the TDI cross.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,969
  • Jun 16, 2015 10:57pm Jun 16, 2015 10:57pm
USDJPY in narrow range consolidation ahead of FOMC today in NY session.
What is the direction seen in the higher TF - monthly and weekly?

GBP pairs - GU,GA, GN and GC all bullish for consecutive days.
Will FOMC change this?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,970
  • Jun 17, 2015 1:27am Jun 17, 2015 1:27am
Quoting rabhni
@Lookleft, would you mind sharing your CM settings. I use H1 TF and more or less same TP and SL idea. Thanks.
Hi rabhni,
I don't use any set S/L or T/P. In the last couple of trades I set the S/L and 4 TP settings in CM based on risk analysis and my MM plan. Sometimes I will only use 2 or maybe 3 TP settings depending on the trade. If you let me know what settings you are trying to use I certainly try and help you out.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,971
  • Jun 17, 2015 2:09am Jun 17, 2015 2:09am
Hey Guys ...
My 1st post here ....
So much Info n Knowledge here ...
Traders are blessed with this thread ...
Chandini
  • #57,972
  • Jun 17, 2015 2:21am Jun 17, 2015 2:21am
Thanks Lookleft, I use the settings from post 57,149. Please note that this is the first time I am using CM.
  • #57,973
  • Jun 17, 2015 2:42am Jun 17, 2015 2:42am
GU +75, good day to start off

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1.png Size: 52 KB
Winners Never Quit, Quitters Never Win
  • #57,974
  • Jun 17, 2015 2:44am Jun 17, 2015 2:44am
Very Nice!
Quoting hsn100
GU +75, good day to start off {image}
  • #57,975
  • Jun 17, 2015 3:01am Jun 17, 2015 3:01am
EURAUD H1 LO +1

FO candle was a valid PA setup. BUOB with Inside bar breakout.

Question is what will Tokyo close be like in one hour?
Do you see LO candle set the high for the session or not?


Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD H1 17Jun LO.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,976
  • Jun 17, 2015 3:26am Jun 17, 2015 3:26am
Quoting rabhni
Thanks Lookleft, I use the settings from post 57,149. Please note that this is the first time I am using CM.

Hi

Do not simply use another trader's CM setting without knowing what his/her exit strategy and money management strategy.

Better you decide on your own money management strategy and what your trade exit strategy should be and I will help you set up the CM parameters accordingly.
CM is quite versatile and and has variations where we can combine the set up parameters to work.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,977
  • Jun 17, 2015 3:37am Jun 17, 2015 3:37am
EURAUD D chart for tomorrow trading:

To Buy or Not to Buy....?

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD D1 chart 17Jun wait for close.png Size: 52 KB


Must wait for today D1 candle to close to confirm if that is a setup candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,978
  • Jun 17, 2015 3:52am Jun 17, 2015 3:52am
Quoting rabhni
Thanks Lookleft, I use the settings from post 57,149. Please note that this is the first time I am using CM.
Hi rabhni,
I've got a document I did for some other traders to show how to setup CM but you need to work out your own method for using it based on your MM plan. I'll dig the document out and post it later.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,979
  • Jun 17, 2015 3:53am Jun 17, 2015 3:53am
Quoting emmanuel7788
EURAUD D chart for tomorrow trading: To Buy or Not to Buy....? {image} Must wait for today D1 candle to close to confirm if that is a setup candle.
Thanks for that chart Emmanuel!

My 4H chart shows we're currently bouncing off prev month 161 fibo so my plan was to look for a reversal signal on lower TF. We'll see were it leads us

best,
  • #57,980
  • Jun 17, 2015 4:23am Jun 17, 2015 4:23am
GBPUSD-H1
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-17_15-19-51GBPUSD-H1.png Size: 36 KB
Sad i'm not trying to understand PA
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