The finest in trend trading

[hellogoodbye4201]

Here is the Nifty candle clock I mentioned previously…someone wanted me to post the indicator. I’m in the learning stage so hope it post correctly.

I keep getting an “Upload error” message “Invalid file” when I try to upload it.

Any suggestions?

Sometimes I feel like Tom Dooley in the song where he is about to be hanged (or was that some other song where the guy is about to be hanged…at my age memory loss is a given…and excusable…I hope) “This whole thing has sure been a lesson to me”.
You could take this comment one of two ways.

1. Learning to be skillful at computers is going to be the death of me.
2. At my age (68) I may die before I learn it.

BP doesnt allow direct upload of MT4 files so what you need to do is
-right click your desktop
-create new compressed zip folder
-copy and paste the files you wish to upload into the new folder
-upload the compressed folder to BP

[ninety9]

Change the extension to .txt instead of mq4 or .ex4 and then upload. BP allows text files. Just mention which one is .mq4 or .ex4 of the files and anybody can change them again.

[gregart]

Hi
At the moment the 200ma is not included in this method, With many novice traders here any deviation from the setup given by Tymen can cause distraction

I agree

[RenaLa]

anyone knows does tymen teach the new material on Saturday and Sunday?

[simonjf77]

No, not missing anything - this observation is correct!!

Thanks Tymen,

just making sure I’m understanding it all properly:)

[pjeziorski]

I`m confused. I download MMACD ok but i dont have got this red/green lines crossing price I use MT4 can any one send me a file ?

[kockneerebel]

I`m confused. I download MMACD ok but i dont have got this red/green lines crossing price I use MT4 can any one send me a file ?

Hi
have you downloaded the GMMA ? that is the 12 ma’s

[pjeziorski]

Hi
have you downloaded the GMMA ? that is the 12 ma’s

yes I recive two emails with GMMA thanks for Max braun and Knockneerebel !

[pjeziorski]

I have got question about 0.00 MMACD crossing Have you got any program that will inform me (phone, email etc) that that happened ? The second thing is that there is too many wrong enter on MMACD . Do we need to avoid it ? answer- no because the next deal will get bigger profit then our loss (cumulated in few other transaction)??? or the answer is - yes we need to avoid them by using…doing ??? In my opinion there is no way to avoid it without lossing good high profitable deals (no enter to good one, or too late)

mayby someone could put this system too back testing and show us results ?

[tymen1]

…
The step I was missing was extracting them correctly. The video spelled out for me just how to do it.

Thanks to all of you and for your help…Very much appreciated.

I have a lot of respect for you PTB!!

Congratulations on solving your problems!!

Being a senior citizen like me, I understand how difficult it can be for us who are not computer wizards like the young set. :o

I hope you can stick it out on this forum and continue to post so that you become an Honorary FX Member!!

[tymen1]

Now tomorrow is a holiday for us and I don’t immediately see myself posting.

[B]After all, Australia is the land of the long weekend!! [/B]

Why work when our land is the world’s farm and quarry?!
(mostly quarry just now!!).

Anyway, work gets in the way of the beer!!

[Master_Tang]

Anyway, work gets in the way of the beer!!

Mmmmmmm Foster’s!

J/K!!!

Have a Cooper’s Sparkling Ale for me:D Hard to come by around here;)

[tymen1]

Because of the possibility that I will not be posting tomorrow I give the following chart to study in the meantime >>>

This is a lovely downward trend on the 4hour chart of EURO/USD.

You can see the GMMA (Direction) indicator on the price action.
The MMACD has a red section and green part - this I have done with Microsoft Paint for effect and clarity.
Your charting program will not do this!!

There are 4 crossovers - A B C D.

The chart is self explanatory.

The 1st part A to B gets 619 pips profit for a nealy 1 month trade.
That is not good enough!!

B to C is one of those very quick crossovers that gets you stopped out for a loss.
Here you lose 112 pips - that’s quite a lot and may scare some readers. :eek:

C to D gets a mere 34 pips profit for nearly a weeks work!!
Definitely not good enough!!

[tymen1]

Here is a magnified view of that section where the MMACD crossed and then crossed back very soon after thus generating a loss of 112 pips >>>

Sorry, I omitted the pink vertical line for crossover B.

Exercise
See if you can work out which is the candle for B.

[tymen1]

Here are the other 2 trade points A and D.

Note that this is a magnified view of 2 separate areas on the chart and I have put these separate areas together in one view using Microsoft Paint >>>

[tymen1]

OK, that’s it for now.

Tuesday sees the start of a NEW TOPIC.

[RenaLa]

Here is a magnified view of that section where the MMACD crossed and then crossed back very soon after thus generating a loss of 112 pips >>>

Sorry, I omitted the pink vertical line for crossover B.

[B][U]Exercise[/U][/B]
See if you can work out which is the candle for B.

hi tymen,
its the middle one. Because the next one is making the lower trough
is it right ?

[hellogoodbye4201]

OK, that’s it for now.

Tuesday sees the start of a NEW TOPIC.

you would enter on the last green candle, the MMACD crossover happens on the second to last green candle and you wait for the close of the crossover candle before entering, so you would enter on the last green candle, the optimal point of entry.:rolleyes: lol:p

[RenaLa]

you would enter on the last green candle, the MMACD crossover happens on the second to last green candle and you wait for the close of the crossover candle before entering, so you would enter on the last green candle, the optimal point of entry.:rolleyes: lol:p

Dont you need to close short position first

[hellogoodbye4201]

Dont you need to close long position first

youd close the long position at the same time you’d open the short position, you cant close one position until you get the opposite signal which only happens at the close of a candle.