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Effortless Trading Explained + FAQ

  • #81
  • Edited 1:16pm Oct 27, 2018 12:38pm | Edited 1:16pm
Quoting Caifas
Hey Ata, Could you please tell us how do you manage your risk? Another question... Can you give us more info on an exit strategy?
The first one is not easy to answer in just one post. That must wait. I will try to prepare a whole topic for easy money/risk management. But I need time!

The answer to your second question: Exits shall be only done based on your "trailing" SL getting touched in profit or in a loss, but of course preferably in profit. Therefore soon I will try to give more and more examples on how I trail my SL. But that's really what exits are all about: Imprıoing your skill to trail better! How? Requires a long answer so again: I need time! Thanks for your patience.

Stay Green
Focus only on what truly matters!
  • #82
  • Oct 27, 2018 1:27pm Oct 27, 2018 1:27pm
Quoting Ata-Turkoglu
{quote} Here are my comments regarding to your first case. I give you the right, this was tricky, but still, you should never forget that a "close back" candle means danger and you must get out with BE or small loss and worst case would be just a losing trade. It is still okay. But a little experience could help you here to avoid the entry in the first place by just looking at all the red candles which rallied a 100 pips before your entry. Stay Green {image}
Thanks for the great explanation

So i learnt two important points

1- we should have atleast one candle closed above/bellow the blue/red trendline before the breakout candle
2- we should feel danger and look for a way to close our trade once we saw a candle closed back above/bellow the blue/red trendline

I feel the way become more clear now and I can try again on Monday with more confidence
  • #83
  • Oct 29, 2018 5:48am Oct 29, 2018 5:48am
Quoting Ata-Turkoglu
{quote} Here are my comments regarding to your first case. I give you the right, this was tricky, but still, you should never forget that a "close back" candle means danger and you must get out with BE or small loss and worst case would be just a losing trade. It is still okay. But a little experience could help you here to avoid the entry in the first place by just looking at all the red candles which rallied a 100 pips before your entry. Stay Green {image}
hey Ata, based on this post I have a question for you
I have been opening most of my trades based on the candle close of the candle that had the BO, should I always step down to M5 for a retracement before I open my trades? There are a lot of times that the price just keep going up/down without printing a opposite candle. So when should we look for retracement and we should we just jump in on the candle close?
  • #84
  • Oct 29, 2018 8:37am Oct 29, 2018 8:37am
Quoting Caifas
{quote} hey Ata, based on this post I have a question for you I have been opening most of my trades based on the candle close of the candle that had the BO, should I always step down to M5 for a retracement before I open my trades? There are a lot of times that the price just keep going up/down without printing a opposite candle. So when should we look for retracement and we should we just jump in on the candle close?
I hear your concern. I am thinking of sharing a detailed explanation of exact steps of entry. requires me to do a tutorial video. It will take some time though. But it is on top of my to do list. Patience please!

Stay Green
Focus only on what truly matters!
  • #85
  • Oct 29, 2018 8:48am Oct 29, 2018 8:48am
Quoting Ata-Turkoglu
{quote} I hear your concern. I am thinking of sharing a detailed explanation of exact steps of entry. requires me to do a tutorial video. It will take some time though. But it is on top of my to do list. Patience please! Stay Green
Thank you Ata!
Appreciate that!
  • #86
  • Oct 30, 2018 10:15am Oct 30, 2018 10:15am
great thread!
just a question, how can you get the optimal lwma? manually?
  • #87
  • Oct 30, 2018 12:00pm Oct 30, 2018 12:00pm
Quoting humblewise
great thread! just a question, how can you get the optimal lwma? manually?
Depends on the currency you are trading. Switch back to page 1 and study the image explanations on 1st post regarding to EURUSD. There is no other way. You must try to find the specific moving average settings where candles on the timeframe and currency you are planning to trade fit the most. The more candles the better. Especially focus on major rejection candles and don't try to align your line with candles from the far past. Stay in the most recent days of your chart. Again the image will give you the idea, study it.

Stay Green
Focus only on what truly matters!
  • #88
  • Oct 30, 2018 12:41pm Oct 30, 2018 12:41pm
Quoting Ata-Turkoglu
{quote} There is no other way.
maybe there is! have a promise about this thing for today or tomorrow from a very good programmer. lets see
  • #89
  • Oct 31, 2018 7:05am Oct 31, 2018 7:05am
Quoting humblewise
{quote} maybe there is! have a promise about this thing for today or tomorrow from a very good programmer. lets see
heyya! here we go, I downloded here, but the guy allowed me to upload here because its FREE

the indicator AUTOMATICALLy calculates the best support resistence moving average
download
Attached File(s)
File Type: zip DonForex SmartMA.zip   38 KB | 1,329 downloads


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 27 KB
  • #90
  • Oct 31, 2018 9:56am Oct 31, 2018 9:56am
Quoting humblewise
{quote} heyya! here we go, I downloded here, but the guy allowed me to upload here because its FREE the indicator AUTOMATICALLy calculates the best support resistence moving average download {file} {image}
Thanks for the effort. I am sure it will help many members here who can't figure out how to align the lwma line. On their behalf I appreciate. Personally though, I stay away from any type of indicator that isn't built into MT4 or MT5 because I insist to use only my phone 99% of my day for trading because one moving average, one macd and a pair of trendlines is all that I need with the system as a whole. Good to see that lion loves to code. More power to his skills. I love to keep things simple.

Stay Green
Focus only on what truly matters!
  • #91
  • Oct 31, 2018 11:20am Oct 31, 2018 11:20am
Quoting Ata-Turkoglu
I love to keep things simple. Stay Green
yess, agreed! and "Everything Should Be Made as Simple as Possible, But Not Simpler"
imho, everyone is searching for "simple" and "profitable" systems, but those two rarely meet. thank for this great thread!
  • #92
  • Nov 4, 2018 12:44am Nov 4, 2018 12:44am
Ata,

Thank you for getting out of your way to help us new traders understanding your method.
I have 2 questions if you dont mind.
1. Is this summary correct for buy scenario:
- on H1, look for when price above green EMA and MACD signal line above 0.
- watch out for nearest resistance using the steep MACD trendline breakout or angled trendline EMA cross.
- move to M5/M15, buy every 36.9° trendline breakout with candle close.

2. Is the EMA value has any minimum or maximum recommended range?
Ask, and it is given. Every single time, no exceptions.
  • #93
  • Nov 4, 2018 1:27am Nov 4, 2018 1:27am
Quoting beefStew
Ata, Thank you for getting out of your way to help us new traders understanding your method. I have 2 questions if you dont mind. 1. Is this summary correct for buy scenario: - on H1, look for when price above green EMA and MACD signal line above 0. - watch out for nearest resistance using the steep MACD trendline breakout or angled trendline EMA cross. - move to M5/M15, buy every 36.9° trendline breakout with candle close. 2. Is the EMA value has any minimum or maximum recommended range?
Seems like you converted my simple idea into some messed up variation. Sorry but, most parts are wrong with your approach. The only correct part you grasped is that buying while candles are above green LINEAR WEIGHTED moving average but even there you are talking about EMA.

I started to believe that nobody will understand my simple logic without a video tutorial and I realize that people love to over-complicate things without using simple logic and common sense.

If I can create a video tutorial all your questions would be answered but currently I have neither the time nor the motivation to do that. Maybe inside 2019. Considering I wasn't even thinking of sharing any part of my mentality, the things I shared so far are already too much information. Therefore my advice would be that you try to make use of what is given so far.

Stay Green
Focus only on what truly matters!
  • #94
  • Nov 4, 2018 1:57am Nov 4, 2018 1:57am
Quoting Ata-Turkoglu
{quote} Seems like you converted my simple idea into some messed up variation. Sorry but, most parts are wrong with your approach. The only correct part you grasped is that buying while candles are above green LINEAR WEIGHTED moving average but even there you are talking about EMA. I started to believe that nobody will understand my simple logic without a video tutorial and I realize that people love to over-complicate things without using simple logic and common sense. If I can create a video tutorial all your questions would be answered but currently...
No, i was just writing it wrong. I used the LWMA, but used to use the EMA so i wrote EMA instead, out of habit. And i was not try to overcomplicate things or making crazy variation of it.
I think my problem is i dont know how to make use of the 5 minutes to get more precise entry, hence the messed up "method".
Sorry if i sounded like a smart ass or something on previous post, oppositely, im just trying to wrap my head around your method.

Thanks
Ask, and it is given. Every single time, no exceptions.
  • #95
  • Nov 4, 2018 6:14am Nov 4, 2018 6:14am
Quoting beefStew
{quote} No, i was just writing it wrong. I used the LWMA, but used to use the EMA so i wrote EMA instead, out of habit. And i was not try to overcomplicate things or making crazy variation of it. I think my problem is i dont know how to make use of the 5 minutes to get more precise entry, hence the messed up "method". Sorry if i sounded like a smart ass or something on previous post, oppositely, im just trying to wrap my head around your method. Thanks
Ok gotcha. Well, first focus only on the H1. We either trade the H1 chart or the M15 chart. I generally put both charts next to each other as examples so that both timeframe traders are included in one explanation.

You either trade the H1 or the M15, but never both at the same time. If you are trading the H1 chart you go down to the M5 chart at the very moment just before you want to enter a trade on higher timeframe, the H1 (or M15). So you would also step down to M5 if you were trading the M15.

On the M5 you often will notice that best entries are when M5 candles are below the green lwma line. You are literally entering at a specific time that are against the rules that apply to H1 or M15 entries. On M5 on an uptrend for example, you must enter right after a RED TL breakout even when candles are still below green lwma line. I haven't even mentioned MACD yet, because MACD is for steep trendline breakouts that are totally secondary. The steep TL breakouts are a bonus. You might trade that method or not. Your focus should always on the RED and BLUE TL breakouts and nothing more. First master that idea. Later you can integrate steep TL breakouts.

My two cents. I hope it clarifies.

Stay Green
Focus only on what truly matters!
  • #96
  • Nov 4, 2018 6:41am Nov 4, 2018 6:41am
Quoting Ata-Turkoglu
{quote} Ok gotcha. Well, first focus only on the H1. We either trade the H1 chart or the M15 chart. I generally put both charts next to each other as examples so that both timeframe traders are included in one explanation. You either trade the H1 or the M15, but never both at the same time. If you are trading the H1 chart you go down to the M5 chart at the very moment just before you want to enter a trade on higher timeframe, the H1 (or M15). So you would also step down to M5 if you were trading the M15. On the M5 you often will notice that best...
Hi Brother,
congrates and thanks for opening new and separate thread for teaching purpose............reading all the posts came to say you a big THANK YOU...a little bit late but want to but first go through all the material you have shared.....its just fantastic. i have few questions if you dont mind to answer.
1-some times we miss the first super duper entry and price has already moved much to our desired direction.....how do we enter if we are late
or second entry.
2-I have noticed where the LWMA goes flat when price come back to that LWMA area price shows some kind of rejection in that area. Does that area acts like as support and resistance reference for future when price come back to that area.

Thanks and Regards
MRMALIK1
  • #97
  • Nov 4, 2018 8:19am Nov 4, 2018 8:19am
Quoting mrmalik1
{quote} Hi Brother, congrates and thanks for opening new and separate thread for teaching purpose............reading all the posts came to say you a big THANK YOU...a little bit late but want to but first go through all the material you have shared.....its just fantastic. i have few questions if you dont mind to answer. 1-some times we miss the first super duper entry and price has already moved much to our desired direction.....how do we enter if we are late or second entry. 2-I have noticed where the LWMA goes flat when price come back to that...
1) If price didn't retrace to breakout level on H1 and you think you missed the entry you either step down to M15 and trade that chart where you try to catch the next pullback to the latest breakout that happened on M15. (So literally you forget the H1 and pretend you are trading the M15 for that case) and then once you have a pullback to the M15 breakout level you step down to M5 and try to enter at best price you can get.

2) When Green LWMA line goes flat it means danger! (Same for MACD signal line. If signal line is flat and bars are very close to 0 level it means danger because of low volatility or choppiness). I prefer not to trade that period until we have direction because candles start repeatedly close above and back below the green line as if it was a pivot. (and I hate pivotal priceaction because they create a lack of direction and provide indecision!). These periods can trick us and we must be very careful of spikes here. Best practice is to wait for MACD signal line to cross above or below 0 on H1 first (Same goes for M15 traders). If MACD signal line has just crossed above 0 (in this case the MACD bars are already above 0) we could look for buy setups. If MACD signal line has just crossed below 0 (in this case MACD bars are already below 0) we could look for sell setups.

And after a breakout, when price creates candle wicks that try to touch and come back to breakout level, as always, we step down to M5 and try to enter as early as possible: We go long when M5 candles are still below green lwma line, right after the lowest RED TL breakout, and we go short when M5 candles are still above green lwma line, right after the highest BLUE TL breakout. On M5 entries we don't need to wait for pullbacks. Since pullbacks there are generally 1 or 2 pips. That extra profit is not worth to wait. Once we have a candle close below highest BLUE TL it is perfect time to go short and once we have a candle close above lowest RED TL it is perfect time to go long.

Please bear in mind that entries on M5 are depending on H1 or M15 timing. You can not trade M5 alone with this. You are trading either the M15 or the H1. M5 should be used only just before M15 or H1 entries!!!!!!!

Stay Green
Focus only on what truly matters!
  • #98
  • Nov 4, 2018 8:34am Nov 4, 2018 8:34am
Quoting Ata-Turkoglu
{quote} 1) If price didn't retrace to breakout level on H1 and you think you missed the entry you either step down to M15 and trade that chart where you try to catch the next pullback to the latest breakout that happened on M15. (So literally you forget the H1 and pretend you are trading the M15 for that case) and then once you have a pullback to the M15 breakout level you step down to M5 and try to enter at best price you can get. 2) When Green LWMA line goes flat it means danger! (Same for MACD signal line. If signal line is flat and bars are...
got it bro.......
thanks and regards
MRMALIK1
  • #99
  • Nov 4, 2018 3:29pm Nov 4, 2018 3:29pm
  • #100
  • Nov 4, 2018 8:20pm Nov 4, 2018 8:20pm
Quoting Ata-Turkoglu
{quote} So what is crucial is the bullish breakout on M15 while H1 is still above its own green line. In other words ignore the green line on M15 completely while H1 candles are above green line and focus on trading the lowest RED TL breakout level that you can find on M15 chart Stay Green {image}
Ata,
based on what you said, was there a short entry from H1? because it really looks like the vice versa version of the text i bolded on the quote.
Price was under 49 LWMA greenline, and there is a bearish breakout on M5 just before H1 Blue Trendline breakout.
Do i get it right or im still far from understanding the concept?
I did not take the trade though.

H1
Attached Image (click to enlarge)
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M5
Attached Image (click to enlarge)
Click to Enlarge Name: M5.jpg Size: 93 KB
Ask, and it is given. Every single time, no exceptions.
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