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  • #241
  • Mar 22, 2016 2:28am Mar 22, 2016 2:28am
Hello guys I started trading this method a few weeks ago and so far it looks good. But until now I've trades Single entry and I want to Check out the Position building strategy. Most of the times I searched for setups on the D1 chart, then enter with the h4. As far as I understood it correctly, I can not do this with my small account. When I start trading live in the far away future, I will have about 1000-2000 Dollar on my account. The smallest lot size my broker offers is 0,10 Dollar per pip. If I trade the daily setups, my SL often is like 300 pips away,which would be 30 Dollar and already more than 1% of my Account and if I Start 5 trades because of the Position building it is way to much.
Please correct me if I'm wrong.
My idea was to switch to h4 to look for setups, but even there the SL is to high. I don't know if I understand the money Management correctly.
Due to my job, I can not use timeframes lower than h4 for searching setups.
I would really appreciate if someone can help me.

Thanks.
Mbt
  • #242
  • Mar 22, 2016 2:33am Mar 22, 2016 2:33am
Hey Mbt that's good that your having good results but I would suggest you stick to taking 1 trade at a time as few weeks of trading is not enough for you to get on the advanced trading I suggest sticking with 1 trade master it well learn to master the tdi the angle,pa, etc and then u will be completely ready to move up
  • #243
  • Mar 22, 2016 3:36am Mar 22, 2016 3:36am
Quoting trade786
Hey Mbt that's good that your having good results but I would suggest you stick to taking 1 trade at a time as few weeks of trading is not enough for you to get on the advanced trading I suggest sticking with 1 trade master it well learn to master the tdi the angle,pa, etc and then u will be completely ready to move up
​Good idea trade, too many people are getting way ahead of themselves in my opinion when they haven't even mastered a consistant original tms method, this thread is for newbies, me included!
  • #244
  • Mar 22, 2016 4:03am Mar 22, 2016 4:03am
thanx for the support scramble guy the problem is our emotions get in the way and we want to be masters of everything right away taking baby steps is the way and following rules of entries and exits
  • #245
  • Mar 22, 2016 4:04am Mar 22, 2016 4:04am
Keep charts clean and ordered. Make sure there is logic in what you're watching.

Trading the Frankfurt/London open, I am always doing the EUR and GBP. Depending on higher TF price action, I might have different pairs on the screen, but the base currency will always be one of the two. This week we have:

EUR:
EU EJ EA
GBP:
GU GJ GA

I'm looking for across the board for weakness or strength of base currency, and then choose the best cross, depending on Price Action and TDI.

TDI shows the way, all the way.

Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.png Size: 186 KB


Quoting Mbt
Hello guys I started trading this method a few weeks ago and so far it looks good. But until now I've trades Single entry and I want to Check out the Position building strategy. Most of the times I searched for setups on the D1 chart, then enter with the h4. As far as I understood it correctly, I can not do this with my small account. When I start trading live in the far away future, I will have about 1000-2000 Dollar on my account. The smallest lot size my broker offers is 0,10 Dollar per pip. If I trade the daily setups, my SL often is like 300...
Keep doing demo until you can double that demo account 2 times, risking 2%. By then you have been through different market conditions. You are now searching for a solution for over-leveraging. There is no solution for that.

If your account cannot take the lot size, you will eventually blow it. If you still want to be live for the sake of being live, there's brokers which offer cent accounts and will solve your leverage issue.

For ME/ME setups, there's EA's here on the forum which will place grid STOPS and LIMITS the way you choose so you can automate that and save time. However entry is discretionary.

Hope this helps.
Best regards, Zef
  • #246
  • Mar 22, 2016 7:07am Mar 22, 2016 7:07am
Made this trade yesterday GBP/NZD. I saw the Wide range candle on D1 and Used the high as an resistance. Then I went short. At First it came back and price made a wide range candle on h4. This morning it broke through the low of the h4 WrB and I Made some profit. I now want to trade the breakout all the way to the Support of the D1 candle. I opened a new trade using h1 timeframe. My target is the BRN 2.1100.
I would like to hear some opinions please.

Thanks.
Mbt

By the way this is on the fxcm mobile app.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_2016-03-22-12-57-44.png Size: 110 KB
Click to Enlarge Name: Screenshot_2016-03-22-12-55-37.png Size: 119 KB
  • #247
  • Mar 22, 2016 7:13am Mar 22, 2016 7:13am
Quoting ZeF
Keep charts clean and ordered. Make sure there is logic in what you're watching. Trading the Frankfurt/London open, I am always doing the EUR and GBP. Depending on higher TF price action, I might have different pairs on the screen, but the base currency will always be one of the two. This week we have: EUR: EU EJ EA GBP: GU GJ GA I'm looking for across the board for weakness or strength of base currency, and then choose the best cross, depending on Price Action and TDI. TDI shows the way, all the way. {image} {quote} Keep doing demo until you can...
Hello ZeF,Don't get me wrong, I'm far away from trading a live account. I want to trade this on the Demo for the next year. But someday i might try it. Do you think this method is as profitable by using Single entrys and still trade the more conservative method of Emm.My problem is, that I need a good mobile trading Software and fxcm is the only broker that has one. So I want to stay with them and they only have Micro lots. Thank you for your help.Mbt.
  • #248
  • Mar 22, 2016 8:01am Mar 22, 2016 8:01am
Quoting Mbt
Made this trade yesterday GBP/NZD. I saw the Wide range candle on D1 and Used the high as an resistance. Then I went short. At First it came back and price made a wide range candle on h4. This morning it broke through the low of the h4 WrB and I Made some profit. I now want to trade the breakout all the way to the Support of the D1 candle. I opened a new trade using h1 timeframe. My target is the BRN 2.1100. I would like to hear some opinions please. Thanks. Mbt By the way this is on the fxcm mobile app. {image} {image}
Hi. Mbt

Do you mind to let me know where I can get that TDI indicator for fxcm mobile? Thanks for your help.

okoso
  • #249
  • Edited 8:38am Mar 22, 2016 8:22am | Edited 8:38am
anyone else short on GbpAud?
caught it a bit late but up 70 pips so far
hopefully the speech by forbes makes it go further
got 100pips on this - i'll look at it tomorrow and either go , i got out at the right time or go could held a little longer...
oh well 100 pips is better then 0 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 47 KB
Fib(onacci) my way to glory
  • #250
  • Mar 22, 2016 8:36am Mar 22, 2016 8:36am
Quoting Wokou
{quote} Indicators, then: {image} Then change yAxis to 40: {image} Regards.
Much appreciated my friend. Works like a charm
Live life king size !
  • #251
  • Mar 22, 2016 8:47am Mar 22, 2016 8:47am
Quoting emmanuel7788
{quote} Hi Next, that is becasue you use a different TDI. look that these 2 charts below where I compare the two TDIs - the TDI Red Green and MrAussieFx Synengy_Pro_TDI in post#2. {image} {image} Also you need to work on acquiring the basic forex trading stuff which is the price action which Big E mentioned in his Post#647. You have to decide if you want to use the same one l=as MrAussieFX and learn from him in this thread. He is the only teacher here whom you should listen to. I know him, he is sincere and honest, he wants to help newbies learn...
Hi Mr. Emm,
I have noticed this difference and have found myself in quandary. In fact this has made me hesitant about pulling the trigger.
I think the MBL is indeed helpful while the TDI Red Green (Big E) is much more clean and definitive.
Is it possible to include the MBL with the TDI Red Green ?
Live life king size !
  • #252
  • Mar 22, 2016 8:58am Mar 22, 2016 8:58am
Quoting Wokou
{quote} Hello MrAussieFX, Thank you for your kind reply, and I fully understand. Regarding your AU H4 chart: At that moment, would I be looking for a Long signal off the support of the top of the D1 WRB that had been broken? {image}
Hi Wokou,

You have to ask this question to yourself,
1. What is price action telling you ?
2. Where is my TDI on trading TF and higher TF
3. Do I have a plan in hand if price moves in my expectations (if then scenario)
4. You must do your own analysis on your pair and not listen to what others say about that pair...you'll learn from your own mistakes and don't forget to repeat the process that leads to winners

Hope that helps.
Kindest regards
  • #253
  • Mar 22, 2016 8:59am Mar 22, 2016 8:59am
Quoting okoso
{quote} Hi. Mbt Do you mind to let me know where I can get that TDI indicator for fxcm mobile? Thanks for your help. okoso

Hello okoso,The tdi is an indicator that was buildt using Rsi and Simple Moving averages. Just Put a Rsi (13) to your chart and make it dark blue so that you cant See it.Then Put 2 Mva(simple Moving average in the same window
First one with 2 and Green
Second one with 7 and red
  • #254
  • Mar 22, 2016 9:00am Mar 22, 2016 9:00am
Quoting Mbt
Hello guys I started trading this method a few weeks ago and so far it looks good. But until now I've trades Single entry and I want to Check out the Position building strategy. Most of the times I searched for setups on the D1 chart, then enter with the h4. As far as I understood it correctly, I can not do this with my small account. When I start trading live in the far away future, I will have about 1000-2000 Dollar on my account. The smallest lot size my broker offers is 0,10 Dollar per pip. If I trade the daily setups, my SL often is like 300...
Hi Mbt,

The best person to help you with this is emmanuel7788 (http://www.forexfactory.com/showthread.php?p=8828242#post8828242) on the original trading made simple thread.

Kindest regards
  • #255
  • Mar 22, 2016 9:07am Mar 22, 2016 9:07am
Quoting Mbt
Made this trade yesterday GBP/NZD. I saw the Wide range candle on D1 and Used the high as an resistance. Then I went short. At First it came back and price made a wide range candle on h4. This morning it broke through the low of the h4 WrB and I Made some profit. I now want to trade the breakout all the way to the Support of the D1 candle. I opened a new trade using h1 timeframe. My target is the BRN 2.1100. I would like to hear some opinions please. Thanks. Mbt By the way this is on the fxcm mobile app. {image} {image}
Hi MBT,

I would really appreciate if you could stick to the clean templates discussed on 1st page this will help others understand your charts more clearly and avoid unnecessary questions on the thread.

Kindest regards
  • #256
  • Mar 22, 2016 9:11am Mar 22, 2016 9:11am
Quoting billsmith
anyone else short on GbpAud? caught it a bit late but up 70 pips so far hopefully the speech by forbes makes it go further got 100pips on this - i'll look at it tomorrow and either go , i got out at the right time or go could held a little longer... oh well 100 pips is better then 0 pips {image}
Awesome ! I missed it.
Nonetheless I think you should be ready to make sure not to give back those pips.
The D1 shows we are at a support and TDI system is in oversold territory. Just doing the higher frame analysis
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDproDaily_22Mar16.png Size: 91 KB
Live life king size !
  • #257
  • Mar 22, 2016 9:18am Mar 22, 2016 9:18am
Quoting foxtrader16
{quote} Awesome ! I missed it. Nonetheless I think you should be ready to make sure not to give back those pips. The D1 shows we are at a support and TDI system is in oversold territory. Just doing the higher frame analysis {image}
thanks i took 96 pips - i will be checking if there is a sharp retracement - M30 and H1 are super oversold
Fib(onacci) my way to glory
  • #258
  • Mar 22, 2016 9:20am Mar 22, 2016 9:20am
GJ H4 Trade

This wasn't one of the best trade setups but once I was in the trade...TDI gave me no reason to kill the trade and I believe news just pushed the price lower.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ H4 sell closed with profit 230316 edited.png Size: 172 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GJ daily edited.png Size: 134 KB


Kindest regards
  • #259
  • Mar 22, 2016 9:27am Mar 22, 2016 9:27am
Quoting MrAussieFX
GJ H4 Trade This wasn't one of the best trade setups but once I was in the trade...TDI gave me no reason to kill the trade and I believe news just pushed the price lower. {image} {image} Kindest regards
thank you for showing us that -
it looks like you got at least 70 pips
Fib(onacci) my way to glory
  • #260
  • Mar 22, 2016 9:42am Mar 22, 2016 9:42am
Quoting billsmith
{quote} thank you for showing us that - it looks like you got at least 70 pips
Yes Bill, It was around 78 pips but I believe this PIPS term is one of those terms that turns most of the learning threads into a PIP COMPETITION THREADS and traders start taking unnecessary trades just to increase their pip value.

Just dragging the trade from MT4 onto the chart is good enough representation on of a winning trade or a losing trade or the best is Risk to Reward.

Kindest reagrds
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