{quote} You're welcome Navk, and hope you find it useful
Trading is as simple as ABCD
- #6,841
- Jun 30, 2015 3:54am Jun 30, 2015 3:54am
- | Joined Apr 2014 | Status: Trader | 1,900 Posts
- #6,842
- Jun 30, 2015 3:57am Jun 30, 2015 3:57am
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
{quote} it definitely is useful (see post above).
Low Risk Low Stress High Reward High Probability Trades
- #6,843
- Jun 30, 2015 5:38am Jun 30, 2015 5:38am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
I'm finding it very difficult to know which chart to watch whereas when I trade my 1 min TTindy it opens the charts for me automatically but this way I have to keep an eye open and I'm finding it not only hard but tough mentally too...
Haven't found any AAA+ setups as yet but easy afterwards , I'm beginning to wander if they can be found as you go because its a lot of charts to watch. probably need an alert of some sort...Maybe use the nigher/lower band pierce band alert on the 15 min bands..
Anyway I have seen some amazing reactions to these TMAs thats for sure which present a tight stop entry system heres a few for you...
The 15 min TMA's in particular work well and very often end up hitting the opposite 15 min band for some nice trades...
Gotta get some work done now so catcha all tomoz maybe..
Haven't found any AAA+ setups as yet but easy afterwards , I'm beginning to wander if they can be found as you go because its a lot of charts to watch. probably need an alert of some sort...Maybe use the nigher/lower band pierce band alert on the 15 min bands..
Anyway I have seen some amazing reactions to these TMAs thats for sure which present a tight stop entry system heres a few for you...
The 15 min TMA's in particular work well and very often end up hitting the opposite 15 min band for some nice trades...
Gotta get some work done now so catcha all tomoz maybe..
Feel the Fear and do it anyway!!!
- #6,848
- Jun 30, 2015 9:48am Jun 30, 2015 9:48am
[quote=clivepackham;8354682]With the power of the almighty hindsight and looking back over my last few post selling that GBPNZD I would say you must have all 3 trends agreeing, sloping the same way so when up buying the bottom of the 5 min waves or in a downtrend selling the tops of five minute waves as a minimum requirement and a AAA+ setup would be with the same top or bottom of the 15 min there too... Trouble is I know I haven't got that sort of patience to wait for the perfect setup so it might be better for me to trade the 5 min and 1 min setups and when they coincide with the 15 min waves look for the bigger runs... Thats just me though , thats what suits me ...
in the case of catching reversals, I don't think the slopes will be in agreement at all. they will be all sloping in the direction of the trend at the time of the touch. look back at it later and it will repaint and look like they were turning with the reversal, that's where I think you have a little trouble with repainting. you have to have the confidence to place your trades at the touch of the bands, they wont be sloping in your direction most of the time until they repaint 15 minutes later. Take the first touch, not the pull back, TMA is meant to find turning points...use it. NO FEAR... use your money management and recovery techniques if the trade moves against you, I will tell you that not all of my trades have instantly gone my direction but I have not had a losing trade in two months. the only reason I lost on the other trade is that I left it open over a weekend with a tight stop and the widened spread knocked me out. When the price touches the 15 min or is close, expect it to reverse, it snaps like a rubber band. when trend following use the 1 and 5 min touches to load up.
in the case of catching reversals, I don't think the slopes will be in agreement at all. they will be all sloping in the direction of the trend at the time of the touch. look back at it later and it will repaint and look like they were turning with the reversal, that's where I think you have a little trouble with repainting. you have to have the confidence to place your trades at the touch of the bands, they wont be sloping in your direction most of the time until they repaint 15 minutes later. Take the first touch, not the pull back, TMA is meant to find turning points...use it. NO FEAR... use your money management and recovery techniques if the trade moves against you, I will tell you that not all of my trades have instantly gone my direction but I have not had a losing trade in two months. the only reason I lost on the other trade is that I left it open over a weekend with a tight stop and the widened spread knocked me out. When the price touches the 15 min or is close, expect it to reverse, it snaps like a rubber band. when trend following use the 1 and 5 min touches to load up.
- #6,850
- Jun 30, 2015 10:09am Jun 30, 2015 10:09am
- Joined May 2007 | Status: Ozziedave | 1,344 Posts
{quote} You're welcome Jason, and glad to hear that you closed @ BE. Check out the MADdash thread for our MTF Multi Currency Group dashboard, in case you find it useful in selecting the best pair(s) to trade. The latest indicator is here and you can read posts 1 to 4 on how to use the indicator. {image} {image} Green pips to you Shalom
I'm a bit confused about the MADash indicator. Say on the USD pairs you have USDCHF, USDJPY, USDCAD and then you have EURUSD, GBPUSD, AUDUSD and NZDUSD. It seems to me that in any of the time frame columns if say USD is strong you should see green on the pairs like EURUSD and the other pairs like USDCHF would show red if the USD was strong.
I see time frame columns that are all green and sometime multiple time frame columns that are all green. Maybe I missed the explanation but it would seem like the colours should be inverse and not all the same colour if a currency is strong or weak.
I hope you can follow my question.
- #6,857
- Jun 30, 2015 10:56am Jun 30, 2015 10:56am
{quote} just 1 point for all to be aware of.yea all bands to touch and be in same direction.alsobe aware the bigger channel you have on your.chart is importantlets say you 1min 5mi and 15 min on chart....1 and 5 min is going down and 15min channel.is upyea you can trade the 1 and 5 channel but it would be a counter trend trade on the m15 .in other words price is pulling back on the 15min chart.an understanding of what is hapoening is important.all going same direction is good cos.its a trend trade
compare them both to the second chart 45 mins later, you will see how far back they repaint. this is very much necessary for the calculation of where the channel is currently on the chart. im not saying you're wrong, im just saying you will miss many many good entries with your criteria. let the trend be quantified by what price is doing, and trade the TMA channels accordingly.
