{quote} Many thanks for the prompt response. I am at page 17 and will be installing the indicator. Looks like i have a few years worth of of posts to catch up on
- #67,103
- Mar 16, 2016 9:31am Mar 16, 2016 9:31am
Would the senior and experienced members take a look at these positions I have taken just to verify if I am going in the right direction ? Both are buy and taken at the red vertical lines. {image} {image} Quick question : Would it be prudent to continue to stay in these trades during the day when I am at work ? I have read that the Big E would close all his trades at around 5 Am in the morning ? Please advise. Thanks all and appreciate your help
Very Good work done in this thread, Thank you to all.
I am not sure Foxtrader if this will help, after looking at the strategy and I recognise that the trades that have high probability of positive trades are the ones where the conditions of TDI are as follows
Buy:
1. Rsi line > 50 level
2. Rsi line > TSL meaning RSI above TSL
Sell:
1. RSI < 50 level
2.RSI below TSL
In your case of AUDJPY Rsi was below 50 level that is why it turned other direction. On M30 chart it was good for small pips but on H4 that is what stopped me from entering I was waiting for that but saw another signal down on same pair on H1 chart for a clean 20 pips. Hope that helps. Other than that your chart looks clean, don't complicate, just work on mastering your entries,
- #67,104
- Mar 16, 2016 9:46am Mar 16, 2016 9:46am
- | Joined Feb 2016 | Status: Be brave, be courageous, be prudent | 492 Posts
{quote} Good day All Very Good work done in this thread, Thank you to all. I am not sure Foxtrader if this will help, after looking at the strategy and I recognise that the trades that have high probability of positive trades are the ones where the conditions of TDI are as follows Buy: 1. Rsi line > 50 level 2. Rsi line > TSL meaning RSI above TSL Sell: 1. RSI < 50 level 2.RSI below TSL In your case of AUDJPY Rsi was below 50 level that is why it turned other direction. On M30 chart it was good for small pips but on H4 that is what stopped me from...
I will keep that in mind. I did not see a mention of this in the earlier posts i have managed to cover.
Any how more data point to make a sound trade.
Thanks!
Live life king size !
- #67,105
- Mar 16, 2016 12:47pm Mar 16, 2016 12:47pm
- Joined Nov 2008 | Status: Trader | 50,193 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #67,106
- Edited 2:46pm Mar 16, 2016 2:27pm | Edited 2:46pm
- Joined Nov 2008 | Status: Trader | 50,193 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #67,107
- Mar 16, 2016 2:32pm Mar 16, 2016 2:32pm
- Joined Nov 2008 | Status: Trader | 50,193 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #67,108
- Mar 16, 2016 2:59pm Mar 16, 2016 2:59pm
- Joined Nov 2008 | Status: Trader | 50,193 Posts
AUDJPY Week 11 Mar 14 to 18 Trading: D1 chart Big Picture Plan below: Monday Mar 14: wait for market open and check to see how the market reacts to China data release on last Saturday when world markets were closed. look for weekend price gaps and do not trade immediately. On the BPP below, you will see several MN Historical Swing levels in the area around current market. This pair is bullish and we should see buying up to the region between 86.00 and 87.50. Do not worry about any pivots or fibo levels because just by looking at the BRN 00 and RN...
AUDJYy Week 11 D1 chart trade update.
I made this update yesterday morning but I had to rush to my workshop and did not post it.
So here it is and I am waiting to see how this D1 candle will close then will make the next decision.
Today I will be in workshop session whole day and have little time to trade but I will still need to check market condition later.
You folks trade well and make more of the market's money.
You need OPM.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #67,110
- Mar 16, 2016 3:12pm Mar 16, 2016 3:12pm
- Joined Nov 2008 | Status: Trader | 50,193 Posts
NZD GDP data in less than 2 hours.
all the NZD pairs have moved during FOMC, so this Kiwi GDP will be a non event...
look for other pairs which show clearer direction on D1 chart.
all the NZD pairs have moved during FOMC
, so this Kiwi GDP will be a non event... look for other pairs which show clearer direction on D1 chart.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #67,111
- Mar 16, 2016 3:15pm Mar 16, 2016 3:15pm
- Joined Nov 2008 | Status: Trader | 50,193 Posts
Hi Emmanuel, did you close your AUDJPY ME/ME long trading basket or do you move on? regards, ---question answered, sorry have been to slow :-) ---
our posts crossed while we were both typing on our keyboard.. my keyboard is mechanical clicky ones which may be faster...
for gamers.but AJ we will see a Day Inside Bar closing soon... but IB have different buyers/seller strength, how to see and what to do?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #67,113
- Mar 16, 2016 3:29pm Mar 16, 2016 3:29pm
- Joined Nov 2008 | Status: Trader | 50,193 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #67,114
- Mar 16, 2016 3:31pm Mar 16, 2016 3:31pm
NZD GDP data in less than 2 hours. all the NZD pairs have moved during FOMC
/
- #67,119
- Mar 16, 2016 5:26pm Mar 16, 2016 5:26pm
Hi everyone, my first post here so please bear with me if the questions are total beginner level.
I have been reading this thread from the beginning, got about 200 pages so far, and I have setup the TMS indicators as best I can in MT4 and had a couple of questions about scale.
1) Given that Big E had specific rules about the angle of the TDI crossover it seems to me that the scale and zoom of the chart is crucial, if you look at my two screenshots below this may illustrate my confusion. In my MT4 there are 6 levels of zoom on the chart. If I use the standard level of zoom when the window opens (first pic) then I get a sharp last TDI crossover of about 75% angle, however if I zoom in to the max (2nd pic) so I can see the candlesticks more clearly the TDI crossover angle has dropped to about 45%. Clearly the level of zoom could affect a crucial deal-or-no-deal depending on the angle of the crossover.
I guess my question put simply - is there a correct level of zoom to use - or even a way to fix the ratio so that the indicators do not flatten when I zoom in?
2) Another scale question - looking at peoples screenshots the height of the Stoch/TDI/Main windows are also something that affect the angle of the indicators. If I make my main window bigger (from the defauly auto-arrange setting) and reduce the height of the TDI/Stoch windows then this also flattens the TDI angle. How can I be sure I am using the right window height to judge the TDI crossover angle correctly?
3) last question - and this is probably a really silly beginner one, when I loaded the TMS profile, all the indicators and PA skipped to the left and the right hand 1/4 of my screen is empty, why is this please?
All advice appreciated.
I have been reading this thread from the beginning, got about 200 pages so far, and I have setup the TMS indicators as best I can in MT4 and had a couple of questions about scale.
1) Given that Big E had specific rules about the angle of the TDI crossover it seems to me that the scale and zoom of the chart is crucial, if you look at my two screenshots below this may illustrate my confusion. In my MT4 there are 6 levels of zoom on the chart. If I use the standard level of zoom when the window opens (first pic) then I get a sharp last TDI crossover of about 75% angle, however if I zoom in to the max (2nd pic) so I can see the candlesticks more clearly the TDI crossover angle has dropped to about 45%. Clearly the level of zoom could affect a crucial deal-or-no-deal depending on the angle of the crossover.
I guess my question put simply - is there a correct level of zoom to use - or even a way to fix the ratio so that the indicators do not flatten when I zoom in?
2) Another scale question - looking at peoples screenshots the height of the Stoch/TDI/Main windows are also something that affect the angle of the indicators. If I make my main window bigger (from the defauly auto-arrange setting) and reduce the height of the TDI/Stoch windows then this also flattens the TDI angle. How can I be sure I am using the right window height to judge the TDI crossover angle correctly?
3) last question - and this is probably a really silly beginner one, when I loaded the TMS profile, all the indicators and PA skipped to the left and the right hand 1/4 of my screen is empty, why is this please?
All advice appreciated.