The Tlatomi Experience

Quoting judex001

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Hi Dan,

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Quoting Dan7974

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You know, You give such great advice ! This is the best thread I have ever seen.
Five Questions though.

1 ) How do You know when the dot will stop reapainting itself? Like, knowing when red dots will stop repainting themself in an uptrend. How do You know when it will be the last dot in the trend?

Unless you can predict the future, you will never know that but it doesn't matter : the dot gives you a signal to start paying attention to your chart. In general, the dot appears earlier than any others indicators. Once it's there, you just have to wait for the crosses.


2 ) When do You usually take profit?

I'm going to put a example for this question.

EURUS 4H : My initial target was the double high bar. After a while, i saw that a pennant was being formed. So i count the difference in pips (open to close) of the tail of the pennant and i transfer the distance from the end of the pennant upwards.

I don't have only one way to take profit.
Usually, i wait until the price is 30 pips in favor to put my stop at breakeven then i look the past for significant high/low or for any patterns.

http://www.tlatomi.com/blog/images/ff/eurus2.gif




3 ) What is Paper Trading?

Demo trading

4 ) When You said that trading GBP/JPY on M30 for You is too risky, then, what timeframe do You trade on GBP/JPY?

4H

5 ) What does Slippage mean?

Your spread is 10 pips but sometimes you are going to pay less or more than 10 pips. That's the slippage

Slippage is the difference between estimated transaction costs and the amount actually paid. (From Wikipedia, the free encyclopedia)

Thanks soooo much.
Dan.

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Quoting judex001

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Hope this helps !

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Quoting Dan7974

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Of Course it helped !

There is just a couple more things I just couldnt understand.

1 ) Do you ONLY trade 2 pairs ( GBP/USD, and GBP/JPY ) ?

These are my prefered pairs but i trade all the pairs. With the original tlatomi method, i used to trade only the GBP/USD and the GBP/JPY. Now, with the tiga-tlatomi method, i can trade all the pairs i want but i prefer to stick to the GBP for the volatility and the JPY for the time zone.

2 ) Do You trade H4, or M30, or both? Or even H1?

I trade only 4H and M30.

3 ) Do You take profit when You see a double ( top, bottom ), or do You take Profit when, for example, Your Stop was 10 pips, are You going to take Profit at 10 pips, or 20 pips, or 30 pips ?

I take profit at 10 pips for all of my M30 trades.
In the case of the H4 ones, I use price analyse to place my stops and my targets so I will choose the first posibility : I take profit when I see a double top, bottom etc...
I'm not a big fan of the ratios (ex: 1:2) because the ratio can't see the resistance/ support level.

Thanks sooooo much !!!
Dan.

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Quoting judex001

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JudeX.

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Quoting Dan7974

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So You exit at 10 pips on M30. On H4, Do You take profit when You see any kind of Candle-stick Formation? Or only Double ( top, bottoms), and chart patterns?

Thanks soooo much !!!
Dan.

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Quoting judex001

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Hi,

Sorry my mistake - "when I see a double top, bottom etc...". By etc, I mean any kind of formations, tops or patterns.

JudeX.

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Quoting judex001

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Hi,

Sorry my mistake - "when I see a double top, bottom etc...". By etc, I mean any kind of formations, tops or patterns.

JudeX.

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Quoting Dan7974

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Trading on 4H

1 ) Blue Dot appears
2 ) FX Signal in Buy mode.
3 ) 5 EMA crosses 9 SMA upward
4 ) Stop : 30 pips away from entry
5 ) Limit : Double Top or Bullish Formation Limit. ( Whichever is earlier ).

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Quoting judex001

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Hi,

Just a precision. Personaly i think that 30 pips in 4H is not enough. In general, i put my stops at the lower or higher of the previous bar before the entry.

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Quoting judex001

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Hi,


Total for yesterday and today : 543 PIPS (Tiga-Tlatomi trades only).

JudeX.

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Quoting judex001

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Hi,


Total for yesterday and today : 543 PIPS (Tiga-Tlatomi trades only).

JudeX.

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Quoting Dan7974

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Hey, do You want to post eachother trades that we are about to do? Like, for example, the MA's are about to cross ( about 30 min. left ).

No problem, I'm going to be away for the week-end (thursday night to tuesday) so if i don't make any trades tomorrow, you will have to wait until tuesday.

How long have You been trading, and struggling with the market?

I have been trading the forex market since december 2004.

Do You trade any other markets other than Forex ?

Stocks but i don't really trade them - i hold them...

Could threads ever expire ?

I hope not !!

Thanks,
Dan.

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Quoting judex001

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Hi,

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Quoting tortoise

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Sorry I forgot to ask about "Tiga". What does that mean? Has the Tlatomi been modified besides the 5 and 9 MA?

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Quoting Dan7974

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When You will be away on Thursday, and Tuesday, I will post the trades that happend on the currencies : GBP/USD, EUR/USD, and GBP/JPY, ok ?

Thanks,
Dan.

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Quoting judex001

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Hi,

Sorry, i didn't have time to post my trades yesterday.

On M30 :

Buy 0.20 Lots GBPUSD @ 1.8941 - T/P 1.8951 = +10 PIPS
Buy 0.20 Lots EURUSD @ 1.2789 - T/P 1.2799 = +10 PIPS
Sell 0.20 Lots AUDUSD @ 0.7647 - T/P 0.7637 = +10 PIPS

On H4 :

Buy 0.20 Lots GBPUSD @ 1.8970 - T/P 1.9050 - S/L 1.8851 = 0.2 lots @ +20 PIPS
Sell 0.20 Lots USDCHF @ 1.2349 - T/P 1.2240 - S/L 1.2442 = 0.2 lots @ +60 PIPS
Buy 0.20 Lots EURUSD @ 1.2795 - Τ/P 1.2862 - S/L 1.2709 = 0.2 lots @ +67 PIPS
Sell 0.20 Lots USDJPY @ 115.87 - T/P 115.20 - S/L 116.61 = 0.2 lot @ 0 PIPS
Buy 0.20 Lots AUDUSD @ 0.7654 - T/P 0.7685 - S/L 0.7617 = 0.1 lot @ +31 PIPS ans 0.1 lot @ +37 PIPS
Sell 0.20 Lots GBP/JPY @ 220.00 - T/P 219.29 - S/L 220.56 = 0.1 lot @ +71 PIPS and 0.1 lot @ +50 PIPS


I post the chart for the only trade in 4H closed : GBP/JPY

http://www.tlatomi.com/blog/images/ff/GBPJPY1.gif

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