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  • #74,801
  • Jan 18, 2017 11:38am Jan 18, 2017 11:38am
https://www.screencast.com/t/zXwJ4OAthdm

I have a question, attached FTSE H4 chart, TDI turn bullish and in the 32 area, PRICE is still bellow the 5 EMA, the entry is only when PRICE, close above the 5 ema?
Thanks for your comments and clarification . good trading everyone
  • #74,802
  • Edited 2:04pm Jan 18, 2017 1:51pm | Edited 2:04pm
Quoting griffc
... So I'd welcome if anyone could comment if I'm missing something obvious such as given more time / space to breathe or if this is just one of the ones that 'didn't work'. Thanks, Griff. {image}
Hi Griff

Looking at the the APB candle before your setup candle, it had long wick up and down. Usually it's indicate that there is no clear direction. It would be better setup candle if it close above this WRB.
I tried 15 min to daily TF and found 4hours TF is reasonably profitable time frame for me.

Green pips for you.
  • #74,803
  • Jan 18, 2017 2:19pm Jan 18, 2017 2:19pm
Quoting inforserve
{quote} Hi Griff Looking at the the APB candle before your setup candle, it had long wick up and down. Usually it's indicate that there is no clear direction. It would be better setup candle if it close above this WRB. I tried 15 min to daily TF and found 4hours TF is reasonable profitable time frame for me. Green pips for you.
Thanks Inforserve. So I've gone back a couple of years over some of the majors and this looks to have some truth to it. First impressions seem a WRB can readily mess up a reversal 5 signal but it seems less impacting for a trend continuation 5 signal, I'll add that one in to my testing analysis also.

I've come up to 1 hour from the shorter time scales - found it less stressful and allows greater analysis prior to a new bar. 4 Hour seems a popular option but I've got no hard stats for that yet. I'd be interested to get a wider feel on whether H4 gives greater weekly yield that H1 assuming proper Money Mgt is in play. Something else to look into .

Thanks
Griff
always learning
  • #74,804
  • Jan 18, 2017 2:42pm Jan 18, 2017 2:42pm
Buying gbpjpy on daily tf?
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  • #74,805
  • Jan 18, 2017 3:17pm Jan 18, 2017 3:17pm
Griffc,
Good rule for WRB's is to trade the breakouts or go down
one time frame and trade in that time frame within the WRB
high-low. Have never seen stats on it ....but it works.
Frank
  • #74,806
  • Jan 18, 2017 3:41pm Jan 18, 2017 3:41pm
Quoting Frank0
Griffc, Good rule for WRB's is to trade the breakouts or go down one time frame and trade in that time frame within the WRB high-low. Have never seen stats on it ....but it works. Frank

when we do not take any TDI cross setups after a big candle which is a Wide Range Bar WRB, we will have fewer losing trades.

first, learn to reduce the number of losing trades which should be the top priority.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,807
  • Jan 18, 2017 3:44pm Jan 18, 2017 3:44pm
Quoting inforserve
{quote} Hi Griff Looking at the the APB candle before your setup candle, it had long wick up and down. Usually it's indicate that there is no clear direction. It would be better setup candle if it close above this WRB. I tried 15 min to daily TF and found 4hours TF is reasonably profitable time frame for me. Green pips for you.

a big candle like a Wide Range Bar WRB can become a Master Candle MC after a few more candles.....

how many candles make a MC?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,808
  • Jan 18, 2017 4:02pm Jan 18, 2017 4:02pm
Quoting emmanuel7788
{quote} a big candle like a Wide Range Bar WRB can become a Master Candle MC after a few more candles..... how many candles make a MC?
Thanks Emmanuel,
MC[3] minimum I seem to recall which is a consolidation. Mother bar and at least 3 bars with contained High and Lows.

Sounds like you suggest avoiding trading within the MC and to wait for a post MC breakout retrace and signal to reduce some of the losing trades.

Cheers
always learning
  • #74,809
  • Jan 18, 2017 4:08pm Jan 18, 2017 4:08pm
Quoting emmanuel7788
{quote} a big candle like a Wide Range Bar WRB can become a Master Candle MC after a few more candles..... how many candles make a MC?
Following link is good post regarding MC.
http://www.forexfactory.com/showthre...le#post8824354

Three or more candles make MC.
  • #74,810
  • Jan 18, 2017 11:24pm Jan 18, 2017 11:24pm
Quoting griffc
{quote} Thanks Emmanuel, MC[3] minimum I seem to recall which is a consolidation. Mother bar and at least 3 bars with contained High and Lows. Sounds like you suggest avoiding trading within the MC and to wait for a post MC breakout retrace and signal to reduce some of the losing trades. Cheers
No, I am saying that we wait for MC breakout as a general rule.

If you want to trade following Big E' rules using the TDI for entry and exit, then you must read what he said "do no trade consolidation"...
He made 31 posts mentioning about consolidation, read them and see what he meant on his charts. How did Big E see consolidation on his charts?

Attached Image (click to enlarge)
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Trading H1 is very tough and if you have followed X-Man's thread, when trading H1, the price action is 'king' .

Let's do a post-mortem of your EU H1 trade and see what we can learn from that H1 trade. See my comments on your trade chart below.
When we trade H1 during the London session, we have the benefit seeing the Asian session and how it traded. Many 'fakey' do happen during the Fankfurt and London market open hour because of the Sydney closing and Tokyo closing. Therefore when we trade intraday H1, we must be very nimble with our trade entry and exit, and very important is also be prepared to do the turn-around thing when Plan A fails, we have Plan B ready.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,811
  • Jan 18, 2017 11:58pm Jan 18, 2017 11:58pm
Quoting Sanbernardin
Buying gbpjpy on daily tf? {image}

Closed trade with 40 pips profit
  • #74,812
  • Jan 19, 2017 2:20am Jan 19, 2017 2:20am
Quoting emmanuel7788
{quote} No, I am saying that we wait for MC breakout as a general rule. If you want to trade following Big E' rules using the TDI for entry and exit, then you must read what he said "do no trade consolidation"... He made 31 posts mentioning about consolidation, read them and see what he meant on his charts. How did Big E see consolidation on his charts? FF search CONSOLIDATION keyword.png;2146312 Trading H1 is very tough and if you have followed X-Man's thread, when trading H1, the price action is 'king' . Let's do a post-mortem of your EU H1 trade...
Hi Emmanual,
Re: 'No, I am saying that we wait for MC breakout as a general rule'. yep, go that now thx I went through your MC posts and the MC PDF (thx for the links Inforserve. I have not seen that before), these have cleared a few things up to help it all fit together.

Having also just been through Es posts and related charts I hope its starting to sink in. He seemed to define congestion quite early in the development and exit accordingly.

Prime example of MC at http://www.forexfactory.com/showthre...99#post4765399

One of the points I struggle with though is once price has left consolidation how to join the ride, as a move out of consolidation starts during consolidation so I miss the entry points of bar one or two. Seems like a catch 22 to me at the moment which I am often on the wrong side of.

Ive followed X-man through various TMS themed threads and tried to emulate his PA on 15m and even 5m using PA but never with consistent success, hence Im on H1 now and am back to the TDI.

Thx for the time taken on the post mortem, the penny on why London has Fakeys has never dropped before. I also suspect that I have under prioritised empty space in my checklist yes, Ive looked to the next S/R zone but perhaps need to review this also.

Cheers
always learning
  • #74,813
  • Jan 19, 2017 7:09am Jan 19, 2017 7:09am
Hi,

Its been a long time since I have traded FX. I stepped away after being unable to get consistency in my trade selection on TMS.

Just thought I would post my latest trade to get some opinions and pointers on where I went wrong or right to help with the next one!

Trading on Daily Timeframe only.

Thanks for any input.
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  • #74,814
  • Jan 19, 2017 7:50am Jan 19, 2017 7:50am
Quoting griffc
{quote} Hi Emmanual, Re: 'No, I am saying that we wait for MC breakout as a general rule'. yep, go that now thx I went through your MC posts and the MC PDF (thx for the links Inforserve. I have not seen that before), these have cleared a few things up to help it all fit together. Having also just been through Es posts and related charts I hope its starting to sink in. He seemed to define congestion quite early in the development and exit accordingly. Prime example of MC at http://www.forexfactory.com/showthre...99#post4765399...
Griff, you have obviously been doing your homework which is apparent in your questions, so I'm wondering whether a temporary focus on H4's may be a consideration for you until you settle in and get a good feel for TMS; it is certainly a more relaxed, less intense TF. I started with lower TF's but realised over time that the longer TF's provided better more consistent returns, however, you do need much more patience for both entries and exits, which may not suit your trading style. Just a thought...

Best, Chris
All for one and one for all
  • #74,815
  • Jan 19, 2017 7:56am Jan 19, 2017 7:56am
Nice to see each member here. I'm just curious that how many people can make consistent profits with TDI indicator for more than a couple months? Which timeframe is used? How many trades would be placed per day?
Thank you.
  • #74,816
  • Jan 19, 2017 8:09am Jan 19, 2017 8:09am
Quoting irishtoffy
Hi, Its been a long time since I have traded FX. I stepped away after being unable to get consistency in my trade selection on TMS. Just thought I would post my latest trade to get some opinions and pointers on where I went wrong or right to help with the next one! Trading on Daily Timeframe only. Thanks for any input. {image}
Hi irishtoffy, can see why you entered the trade based on D1 = steep TDI cross, Stoc confirms direction, HA's right colour, above 5EMA, etc. and indeed the trade may still work.

My two cents worth:
- sharp one day snap back after a steep decline that failed to make new highs the following day (suggests short covering rather than a rally)
- D1 downtrend still in place
- 7/8 H4 bars in consolidation (flat, no momentum)
- W1 cross still in steep decline

That is a quick look on my part and my conclusion is that too much has been left to chance. The D1 chart in isolation at the time of entry was fine but more searching creates doubt. Really wish I could be more positive but I'm working with probabilities here.

If it turns out to be a proper swing for sterling then your sitting pretty, personally I would wait for more confirmation.
All for one and one for all
  • #74,817
  • Jan 19, 2017 8:30am Jan 19, 2017 8:30am
Quoting cvgreen46
{quote} Griff, you have obviously been doing your homework which is apparent in your questions, so I'm wondering whether a temporary focus on H4's may be a consideration for you until you settle in and get a good feel for TMS; it is certainly a more relaxed, less intense TF. I started with lower TF's but realised over time that the longer TF's provided better more consistent returns, however, you do need much more patience for both entries and exits, which may not suit your trading style. Just a thought... Best, Chris
Thanks Chris.
Ive added an H4 profile set to my MT4 and set up a live micro account to get a feel for the H4, so I'm going to give it a parallel go.
Hence H4 currently long AudChf on the high break today (t=0.7639 under previous PA - not hit yet), and I'm watching the GBPAUD closely for a break of yesterdays MC (hmmm, did I learn something?)

I'll see how it goes, I'm not worried about the speed of signals occurrence, more the net risk / return at the end of the month / week so I'll see how it balances out.

Cheers
always learning
  • #74,818
  • Edited 1:15pm Jan 19, 2017 12:03pm | Edited 1:15pm
Quoting irishtoffy
Hi, Its been a long time since I have traded FX. I stepped away after being unable to get consistency in my trade selection on TMS. Just thought I would post my latest trade to get some opinions and pointers on where I went wrong or right to help with the next one! Trading on Daily Timeframe only. Thanks for any input. {image}
Hi irishtoffy

That's also my aim to get constituency on TMS" I am expecting over 60% win rate with 1:1.2 R:R. with 2.5% risk for each trade.

As Emmanuel point out about consolidation area, if tdi coming in from out of TDI band, it usually consolidate. It's not happen all the time but I found it happen most of time.

http://www.forexfactory.com/showthre...on#post9028231


"Look at the candles on the last reversal... big, little, what" From Big E


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  • #74,819
  • Jan 19, 2017 12:19pm Jan 19, 2017 12:19pm
Thought if have a go at this Daily multiple micro lots game Had 10 sells on this and closed half in profit, moved the rest to BE and will let them run. Could be a way for me after all Go easy on me for selling the Footsie If only this was as much fun with real money.
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  • #74,820
  • Jan 19, 2017 1:24pm Jan 19, 2017 1:24pm
It is not yet clear to me what is the right set up for TDI on Trade Interceptor.
is it the following correct?
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