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  • #60,441
  • Sep 9, 2015 5:49am Sep 9, 2015 5:49am
Possibly an EJ bear setup? Triple top then a pull back candle along with TDI cross plus that monthly low as a resistance... I havent entered the trade yet because i am doubtful of my analysis. Hope to hear from your expert opinions!

Thankyou!!
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why do we fall? So we can learn to pick ourselves up.
  • #60,442
  • Sep 9, 2015 5:56am Sep 9, 2015 5:56am
Hi guys
Since I became a fan and also learnt a lot from you I thought to do something in return and upload this Heiken Ashi Smoothed Bar.mq4 indicator. I've found it to be useful. Take it, modify it if you wish, find it useful or just leave it here and please understand that I share it only because I hope it will be useful to someone. I didn't code it, just found it on the net.
The indi does exactly what it says, it shows the Heiken Ashi Smoothed in a separate window, which you can also squeeze to be a thin bar. So it doesn't take space. I prefer to use it as a normal window and load the TDI+Stochastic inside it, to save chart space, as you can see below.
The idea is to use the Heiken Ashi Smoothed as a trend detector, a confirmation for your trades. If it's green, buy only. If it's red, sell and the yellow bar indicates a doji, so stay alert
Attached File(s)
File Type: mq4 Heiken Ashi Smoothed Bar.mq4   4 KB | 560 downloads

Attached Image (click to enlarge)
Click to Enlarge Name: audjpy-h1-hf-markets-ltd.png Size: 52 KB

Cheers.
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #60,443
  • Sep 9, 2015 6:29am Sep 9, 2015 6:29am
Quoting emmanuel7788
{quote} Good stuff Big Omo. Now for the finer details how I interpret Big E' post#647... look at 'big candles, 'small candles', are we in or near consolidation?, etc. {image} Post#647 below: Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average... With bounce trades the odds are lower for your success... but it still works. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am...
well thank you emmanuel and omo for pointing me in the right direction. now i can take more good TDI signals.
Come tomorrow, I'll wake up new
  • #60,444
  • Sep 9, 2015 6:44am Sep 9, 2015 6:44am
Quoting wattaman
Hi guys Since I became a fan and also learnt a lot from you I thought to do something in return and upload this Heiken Ashi Smoothed Bar.mq4 indicator. I've found it to be useful. Take it, modify it if you wish, find it useful or just leave it here and please understand that I share it only because I hope it will be useful to someone. I didn't code it, just found it on the net. The indi does exactly what it says, it shows the Heiken Ashi Smoothed in a separate window, which you can also squeeze to be a thin bar. So it doesn't take space. I prefer...

Hey Wattaman, the indi looks good but mine comes up as all yellow. Do you know why this might be?
  • #60,445
  • Sep 9, 2015 7:00am Sep 9, 2015 7:00am
Quoting WayneTech
Possibly an EJ bear setup? Triple top then a pull back candle along with TDI cross plus that monthly low as a resistance... I havent entered the trade yet because i am doubtful of my analysis. Hope to hear from your expert opinions! Thankyou!! {image}

There is no H1 triple top...
what you see is 3 bars having same high.

and you missed the divergence.

Attached Image (click to enlarge)
Click to Enlarge Name: Triple Top Chart Pattern.png Size: 66 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Divergence ...useless.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,446
  • Sep 9, 2015 7:14am Sep 9, 2015 7:14am
Quoting gsbharaj
{quote} well thank you emmanuel and omo for pointing me in the right direction. now i can take more good TDI signals.

Now you know that you have a 'third eye', so keep that 'third eye' open when you trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,447
  • Sep 9, 2015 7:17am Sep 9, 2015 7:17am
Quoting wattaman
Hi guys Since I became a fan and also learnt a lot from you I thought to do something in return and upload this Heiken Ashi Smoothed Bar.mq4 indicator. I've found it to be useful. Take it, modify it if you wish, find it useful or just leave it here and please understand that I share it only because I hope it will be useful to someone. I didn't code it, just found it on the net. The indi does exactly what it says, it shows the Heiken Ashi Smoothed in a separate window, which you can also squeeze to be a thin bar. So it doesn't take space. I prefer...

Not a good idea because you will miss the benefits of having the Synergy_APB on the price chart which can show you potential reversal, consolidation, momentum and strength.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,448
  • Sep 9, 2015 7:53am Sep 9, 2015 7:53am
Quoting Ballistical
{quote} Lupo, Using 200EMA to filter TMS signals is a good way to go whilst you're learning. - TMS BUY signals are higher probability when PA is ABOVE the 200EMA - TMS SELL signals are higher probability when PA is BELOW the 200EMA In short, trading AWAY FROM any moving average generally gives better odds. I have been studying TMS for a while now and personally, I will still trade towards the 200EMA IF I have a strong signal (reinforced by Price Action), and particularly, if there is space to run from my entry to the EMA. See example of a successful...
Kudos buddy!!! And thanks loads for the analysis!

Zz
  • #60,449
  • Sep 9, 2015 7:53am Sep 9, 2015 7:53am
Here is the result of TDI
Attached Image (click to enlarge)
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  • #60,450
  • Sep 9, 2015 7:59am Sep 9, 2015 7:59am
Still haven't fully debugged all the things on my platform so not fully focussed on setups. We'll get there tho. I did just get lured into this trade:

I had 1H EURAUD chart open. FO bounced of prev low and 1.58 RN and LO broke a small trendline. Trading towards DOL and EMA isn't A++ however and trade did reject off 200EMA.

Price then pulled back during London Session towards the trendline and consolidated during lunch. (2x NR4IB) When I saw some momentum come back into the market I switched to 15M chart to look for an entry. Ofcourse this is still towards DOL and EMA

Entered on close of first blue (strong bullish) and prev bar also NR4IB. Price stopped quickly at yesterday low and reversed to get stopped out...

Obviously, I'm not really happy with this. Price should atleast break DOL I think before looking for a long setup but the bounce of 1.58 in a wide range market made me a bit greedy i think.

Best,
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  • #60,451
  • Sep 9, 2015 9:03am Sep 9, 2015 9:03am
Very good shot of Gold manual move SL 1R when prire reach 1 R, R:R 1:5, so this trade can cover 5 loser.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold 09-09-2015.png Size: 45 KB
  • #60,452
  • Sep 9, 2015 12:04pm Sep 9, 2015 12:04pm
hello guys

i like this strategy(in the firts posts),in your possible is it possible to create an EA to open trades in 4h charts with the eelfranz rules with stochastic and TDI?(in the first post) and is it at least profitable this strategy?


thank you
  • #60,453
  • Edited 12:28pm Sep 9, 2015 12:17pm | Edited 12:28pm
as i am a very busy man i can't always monitor my trades. so, i am going to trade only 4 hours. i will look for TDI cross and other structure support and resistances to take the trade.
so, here is my first trade. oh well its a demo account.
ok i am short on audchf 4 hours. the pair has bounced from previous week high. there is a perfect TDI cross and i am looking for 50 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 33 KB
Come tomorrow, I'll wake up new
  • #60,454
  • Sep 9, 2015 12:34pm Sep 9, 2015 12:34pm
Dear Emmanuel,

some thoughts on GJ this week:

  1. MN chart bearish outside bar
  2. W bearish candle

this week i think bias is bearish following the retracemnt of the last week bar.

The strategy with MEME this week would be to build positions until the 61.8% ret of last week.

The retr. now reached the 78.6% ret. How would u manage the trade?

Thanks for your advices.

  • #60,455
  • Sep 9, 2015 1:31pm Sep 9, 2015 1:31pm
Quoting gsbharaj
as i am a very busy man i can't always monitor my trades. so, i am going to trade only 4 hours. i will look for TDI cross and other structure support and resistances to take the trade. so, here is my first trade. oh well its a demo account. ok i am short on audchf 4 hours. the pair has bounced from previous week high. there is a perfect TDI cross and i am looking for 50 pips. {image}
i had opened 2 positions for 25 pips each. both of them got hit so total profit 50 pips.
Come tomorrow, I'll wake up new
  • #60,456
  • Sep 9, 2015 8:23pm Sep 9, 2015 8:23pm
GBPAUD-H4..News in 10 min
Attached Image (click to enlarge)
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Sad i'm not trying to understand PA
  • #60,457
  • Sep 9, 2015 9:01pm Sep 9, 2015 9:01pm
Quoting Bordy
Dear Emmanuel, some thoughts on GJ this week: MN chart bearish outside bar W bearish candle this week i think bias is bearish following the retracemnt of the last week bar. The strategy with MEME this week would be to build positions until the 61.8% ret of last week. The retr. now reached the 78.6% ret. How would u manage the trade? Thanks for your advices.

Hi Bordy,

We first be careful with this pair because the Average Weekly Range is between 350 pips and 410 pips. The recent 2 weeks was above 700 pips and there was Black Monday.
How to manage depends on :-
- your initial open position price level,
- the number of ME positions planned (usually max 4 pos) and the distance (in pips) used.
- the position size of each ME position.

How many positions have you opened?
Depending on the price action, I would normally close oldest positions when I find the opportunity to. Remember one rule is to "cut losses short". You need to look at your equity and balance all the time.

If you already have 5 open positions since Monday till today, and you have not close any oldest positions, where is your breakeven level? Try to breakeven some open positions at the next opportunity. Do not wait.

Should the market retraces further higher above the 78% closer to the 90%, you have to decide to cut all losses as there is trade invalidation.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,458
  • Sep 9, 2015 9:28pm Sep 9, 2015 9:28pm
Quoting flylohudmo
{quote} Hey Wattaman, the indi looks good but mine comes up as all yellow. Do you know why this might be?
Setting the color for the indi bars, maybe? Start from my template and modify it for your needs. I decided to load the Stoch behind it to save space and also because I am only interested in the overbought/oversold areas - anything else is a distraction imo
If you don't like the looks go to the setting (see below) and enter 0 for Fixed min/max
Attached Image

Attached File(s)
File Type: tpl #flylohudmo.tpl   3 KB | 415 downloads

By the way, this changes nothing from the original Eelfranz' strategy. It's just an addon that helps me confirm the right trend. If you think it is rather distracting or making you lose trades, don't use it
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #60,459
  • Sep 9, 2015 10:01pm Sep 9, 2015 10:01pm
Hi Lookleft

When you say H1 price was in Conflict with H4, you only look at color of the previous H4 candle?

When there is an uptrend for the whole week and if u get an opportunity to short you wouldn't do it?

Quoting Lookleft
{quote} Hi RN indicator is BN Levels v1.02 in the paperclip. Your trade was against a bullish move since Asian Open and in conflict with H4 which was also bullish. If you want to take that sort of trade drop down to the M15 and see if it has any potential. cheers
  • #60,460
  • Sep 9, 2015 10:04pm Sep 9, 2015 10:04pm
You take trade when all the three (Red, Green and Yellow MBL) goes in the same direction?

I couldn't consistently win by following this method, your help would really appreciated.

Quoting Lookleft
{quote} Well done. The reasons I didn't take the trade when you did where. 1. Price had been bouncing off YH and 50ema for the duration of the first red APB. 2. DOL was directly below price. 3. There was local S/R (Asian channel) and a rising trend line. 4. The red and green TDI were not heading in the same direction. To me the trade was too higher risk for the reward but you proved that fortune can favor the brave. Indicators are BN Levels v1.02 and Daily-Weekly-Monthly Hi-Low4 in the paperclip {quote} Manage it well and pay attention...
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