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  • #59,261
  • Jul 28, 2015 8:24pm Jul 28, 2015 8:24pm
Quoting mousteven
Dear Emmanuel In one of your reply, you mentioned if the price retrace to Fibo 78% level, you will be prepared to cut loss, is this one of the way to distinguish if Plan A goes wrong? Is there any other ways you can share with us? For example, GBPUSD has been consolidating for several days last week. After I have finished building initial entry position + 4 positions then I started to wait day by day and it retraced even more. it seemed to me that the price would eventually hit my technical SL (right under WRB ) but fortunately it went UP today....

Hi Steven,

The 78% retracement which I mentioned is referring to the EURAUD pair which is trending up.
see chart below:
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD week 31 Fib 78.png Size: 53 KB

The GBPUSD pair remains in sideways 'trapped' in the range of that 14July WRB high-low. We had two consecutive bullish day so you should have taken out some profitable ME trades. Should price retraces again today, you can re-open new ME trades again. This is when market is sideways.
You see my post: http://www.forexfactory.com/showthre...43#post8389343

GBPUSD, update your trading chart because last week is an inside Bar. We see "more resistance" above the D1 WRB.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD week 31 D1 update 29 July.png Size: 34 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,262
  • Jul 28, 2015 10:01pm Jul 28, 2015 10:01pm
Hi Emmanuel,

Got couple baskets running at moment, some good some developing.

Your thoughts on my EU trades.
I am trying to only entering on 4h once I have established long-term trend on Day and Week.
Using ME/ME strategy, putting your suggestions into practice.
Currently have 3 positions open, each .2% risk, so only .6% total risk currently..as per 4h chart. Stops above 1.1230.
Im starting to think that I'm caught in a wide ranging market so will not enter anymore positions.
Am I going about it the correct way or should I look at closing out positions?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 36 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 27 KB
  • #59,263
  • Jul 28, 2015 11:44pm Jul 28, 2015 11:44pm
Quoting emmanuel7788
{quote} Hi Davit, I am trading the higher TF charts looking at Monthly, then Weekly. I use the D1 and H4 to look for entry levels and also where I can build up positions in the direction of the higher TF. Below charts of EURAUD. {image} {image} {image} Update: EA just broke higher so I took +100pips and make a new re-entry. regards,
Emmanuel
Thanks for informative post appreciated.It explain great deal about your approuch
Regards
In trading, you have to be defensive and aggressive at the same time
  • #59,264
  • Jul 28, 2015 11:44pm Jul 28, 2015 11:44pm
Quoting Next4467
{quote} Hi Dimi.A I have trouble finding time to watch the charts and never seem to remember at the beginning of each hour, what alert system do you use? I'm thinking of trying this to see if it helps me. Thanks
Hello mate,

I'm using Trading View. You can set up alerts on the TDI when it crosses. I set up an alert to send to my e-mail and SMS whenever the TDI crosses on any of my 12 currency pairs I trade. Once it crosses and the candle closes I'll enter.

Here is a video of when the alerts come up.

PS: The next 4H candle opens in 15 minutes (3pm AEST) for me.

Inserted Video
  • #59,265
  • Jul 29, 2015 12:00am Jul 29, 2015 12:00am
Quoting emmanuel7788
{quote} Hi birdnest, It can be done and I have shown you in the past months how trading with small %risk and using Multiple Entries / Multiple Exits in different market condition will work out over longer term trading. TMS 5-Method is a trend following trading method which performs better when trading the higher timeframe and it work great when we add to it a proven money management strategy. Position sizing is one of the key to a winning trading system. A lot have been shared here in this thread and you need to pick out the posts and attachments...
Thank you Emmanuel.

I will try again with the demo account
  • #59,266
  • Jul 29, 2015 12:12am Jul 29, 2015 12:12am
Quoting Dimi.A
{quote} Hello mate, I'm using Trading View. You can set up alerts on the TDI when it crosses. I set up an alert to send to my e-mail and SMS whenever the TDI crosses on any of my 12 currency pairs I trade. Once it crosses and the candle closes I'll enter. Here is a video of when the alerts come up. PS: The next 4H candle opens in 15 minutes (3pm AEST) for me. https://www.youtube.com/watch?v=G0kaz0BjO88
Can u show me how to set up the alert in trading view? , I use that as well
I Have Learned to Take Some Losses to Make Profits
  • #59,267
  • Jul 29, 2015 1:07am Jul 29, 2015 1:07am
Quoting Dimi.A
{quote} Hello mate, I'm using Trading View. You can set up alerts on the TDI when it crosses. I set up an alert to send to my e-mail and SMS whenever the TDI crosses on any of my 12 currency pairs I trade. Once it crosses and the candle closes I'll enter. Here is a video of when the alerts come up. PS: The next 4H candle opens in 15 minutes (3pm AEST) for me. https://www.youtube.com/watch?v=G0kaz0BjO88
Is it this?

https://www.tradingview.com/

How do you get TDI on this platform?
  • #59,268
  • Jul 29, 2015 1:23am Jul 29, 2015 1:23am
Quoting dewdrops
{quote} Is it this? https://www.tradingview.com/ How do you get TDI on this platform?
Quoting TheScorpS
{quote} Can u show me how to set up the alert in trading view? , I use that as well
Hey dew and scorps I'm just uploading a Youtube video now for you on how to set the alerts in Trading View for the TDI. It can be a bit tricky. The video will be up in an hour or so I'll post it in this thread.
  • #59,269
  • Jul 29, 2015 1:37am Jul 29, 2015 1:37am
Quoting Dimi.A
{quote} {quote} Hey dew and scorps I'm just uploading a Youtube video now for you on how to set the alerts in Trading View for the TDI. It can be a bit tricky. The video will be up in an hour or so I'll post it in this thread.
Thanks. Much appreciated.
  • #59,270
  • Jul 29, 2015 1:53am Jul 29, 2015 1:53am
  •  313
  • | Joined Jun 2015 | Status: Strive and Overcome! | 46 Posts
Quoting emmanuel7788
{quote} Hi 313, Those trades started in June 2015 ,
Wow amazing!! it's get me so pumped up! thx emm

How to figure out exit our trade, before the market against it?

im currently using round,quarter number, and pivot to know where to exit, but sometimes price doesnt reach that point.
so my trades usually get loss or BE.
I trade 1H, 4H & daily as a hint.
thx for taking your time guys, to answer my question


Cheers
313
  • #59,271
  • Jul 29, 2015 2:08am Jul 29, 2015 2:08am
Lets see if I understood it correctly:

EURAUD:

W1 bullish
D1 retracement
H4 trending up and APB colour changed already

Trade Action: Buy as soon as green crosses.

Please let me know if the understanding is wrong. My only confusion is - as we keep in mind primary trend W1 and intermediate trend D1, do we wait for D1 to turn bullish? I mean do all 3 have to align to get going? By the time intermediate D1 APB turns bullish, I would miss out on nice price entry at this level.

What would smarter than me trader do?
Attached Image(s) (click to enlarge)
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  • #59,272
  • Jul 29, 2015 3:39am Jul 29, 2015 3:39am
Good morning,

Took the GBP/AUD this morning for +25 pips. Was a valid entry?

Any comments will be much appreciated,
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla 2015-07-29 a las 10.36.27.png Size: 80 KB
  • #59,273
  • Jul 29, 2015 4:25am Jul 29, 2015 4:25am
Quoting sEit89
Good morning, Took the GBP/AUD this morning for +25 pips. Was a valid entry? Any comments will be much appreciated, {image}

nice one , just a little early cutted !
In a volatile H4 pair like GA , GJ , Gcad or so , I d use a much larger target..
But entry was fine
Guido
Risiko birgt immer auch die Chance.
  • #59,274
  • Jul 29, 2015 4:47am Jul 29, 2015 4:47am
Quoting dewdrops
Buy as soon as green crosses
May be we should add "if the signal candle at H4 close above Synergy PAC and MA10"?
Also if you take a look at D1 chart without HA
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 42 KB

you can see that yesterday eat friday candle forming insight bar PA and it can be more then just retracement.
Any ideas?
Just an opinion. Based on research
  • #59,275
  • Jul 29, 2015 4:55am Jul 29, 2015 4:55am
Quoting Sesamstrasse
{quote} nice one , just a little early cutted ! In a volatile H4 pair like GA , GJ , Gcad or so , I d use a much larger target.. But entry was fine Guido
I see TP at 2.13827. What do you think?
when is it better time to move SL to BE?
Attached Image
Just an opinion. Based on research
  • #59,276
  • Jul 29, 2015 5:09am Jul 29, 2015 5:09am
Just entered short NZDJPY and NZDUSD. Is my entry correct? any comments please? Thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDJPY H4.png Size: 56 KB
Click to Enlarge Name: NZDUSD H4.png Size: 55 KB
I will never lose, either I win or I learn.
  • #59,277
  • Jul 29, 2015 5:53am Jul 29, 2015 5:53am
Quoting Dimi.A
{quote} {quote} Hey dew and scorps I'm just uploading a Youtube video now for you on how to set the alerts in Trading View for the TDI. It can be a bit tricky. The video will be up in an hour or so I'll post it in this thread.
Great , thanks a lot, appreciate ur work here
I Have Learned to Take Some Losses to Make Profits
  • #59,278
  • Jul 29, 2015 6:00am Jul 29, 2015 6:00am
Quoting kelvinhew
Just entered short NZDJPY and NZDUSD. Is my entry correct? any comments please? Thanks {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: jpy.jpg Size: 188 KB
mia san mia since 1900
  • #59,279
  • Jul 29, 2015 6:30am Jul 29, 2015 6:30am
Quoting TheScorpS
{quote} Can u show me how to set up the alert in trading view? , I use that as well
Quoting dewdrops
{quote} Thanks. Much appreciated.
Scorps and Dew, here is the video on how to add alerts to the TDI indicator in Trading View.
Open it up in YouTube to see it in higher definition so you can see it clearer. Let me know if you have any issues.
Inserted Video
  • #59,280
  • Jul 29, 2015 6:38am Jul 29, 2015 6:38am
Guys, I'm looking for a FFCal.mq4 which works /w latest MT4, can anyone help?
Regards
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