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Trading Made Simple

  • #104,681
  • May 26, 2020 8:29pm May 26, 2020 8:29pm
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  • #104,682
  • May 26, 2020 8:37pm May 26, 2020 8:37pm
I noticed I am paying quiet high ECN commissions, 8 USD for 1 lot while last month it was about 4-5. Trading volume actually stayed pretty much the same for me.

May I ask what you guys pay on average if trading with a ECN account?
  • #104,683
  • May 26, 2020 8:37pm May 26, 2020 8:37pm
Quoting lddd
{image}



me too scalping the M15 ,
simple rules ... Bearish Engulfing Outside Bar, APB/HA candle closed below its 5EMA , 5-bars swing high +REVERSAL candle + Stoch cross down 50-level + RSI(13) confirms too!

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,684
  • May 26, 2020 8:50pm May 26, 2020 8:50pm
Quoting emmanuel7788
{quote} Hi Jan the 'TDI H4 Cross (Static)' alert function using TMS_V19_MTF EA waits for the H4 candle to be CLOSED. (Dynamic) setting does not. the difference: with the (Static) setting, you trade only APB/HA candle#2 because the rule is candle#1 must be closed for a confirmed setup with all pre-conditions. with the (Dynamic) setting, you can jump into a trade during APB/HA candle#1 provided all the other selected pre-conditions are there for example the PA above /below the 5EMA, plus if the Stoch selected, etc. the are many possible configurations...
I noticed to have much better trades when simply selling high and buying low, not watched with the TDI but maybe this would help me to have a filter for better results. But how could I setup a filter for that kind of criteria. SR is also very subjective again, maybe using Pivot Points acting as support or resistance and then having TDI/Stock only giving me alerts at that hot spots. This might help filtering out all the crossing overs in the middle of nowhere, but don’t know.
  • #104,685
  • May 26, 2020 8:54pm May 26, 2020 8:54pm
Do Not Follow TDI blindly.

Know your trading pairs market conditions.

Example: GBPCAD H4

The TDI P-Slope and C-Slope numbers were very nice, but look at the chart market conditions.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor May 26 H410AM PDT 27-5-2020 3-51-09 am.png Size: 32 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD May 26 H4 10AM PDT 27-5-2020 3-52-51 am.png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,686
  • May 26, 2020 9:23pm May 26, 2020 9:23pm
Quoting emmanuel7788
Do Not Follow TDI blindly. Know your trading pairs market conditions. Example: GBPCAD H4 The TDI P-Slope and C-Slope numbers were very nice, but look at the chart market conditions. {image} {image}
How accurate that TMS Monitor is when printing a „Strong Buy,Sell“ for H4. I mean besides the fact for this example with GBPCAD, it’s obviously price is very low here and looking to the left it’s at an level where it could not break through several times the last days.

The question to me would be more like if using that for shorter time frame entries how I would be able to filter out those kind of „bad market conditions“ without even getting a signal by either that monitor or TDI alert or the TMS 19 thing, so I don’t have to even open the chart for such alert and having to worry again if my further manual chart analyse of market condition and if or if not to enter on such setup is correct? Like said is there a way do better pre-filtering out setups with the TDI not only where the indicators conditions are good but also if everything else is at least „ok“ to even bother with such signal and not having to do to much further subjective analyses on my own which is absolutely no way for me to later say the signals it self is what worked over x trades for x time if there are still so many things I could have done differently on each new trade that at best I could say I was lucky or did a good job but have no confidence in it because next 100 trades could be completely different again with a strategy where most of the success comes by my own eyes and acting instead of simply trusting in the strategy and taking signals at least in 90% as they happen without much further analyses on each of the signals.
  • #104,687
  • May 26, 2020 9:29pm May 26, 2020 9:29pm
Maybe a forward live test of that TMS 19 thing could help to find out if there is at least some edge better than 50% if taking only the highest probability setups that tool can provide by what ever inputs/settings.

could you send me the most conservative settings that would produce the strongest buy/sell alerts. Then I am going to put a 5k in a different account and let that run forward for the next few monthes and provide the results here it gave. Don’t worry do much if the account is empty after that but at least would finally have some valid data here...
  • #104,688
  • May 27, 2020 3:09am May 27, 2020 3:09am
TMS Monitor May 27 H4 10PM PDT (NY 1AM EST)

a few good signal ... pick one that in in your trade plan.

Follow Price Action.

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USDCHF May 27 H4 10PM PDT

strong move up, quickly move initial SL to BE+ and wait.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF May 27 H4 10PM PDT 27-5-2020 4-00-35 pm.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,689
  • May 27, 2020 3:52am May 27, 2020 3:52am
Quoting emmanuel7788
TMS Monitor May 27 H4 10PM PDT (NY 1AM EST) a few good signal ... pick one that in in your trade plan. Follow Price Action. {image}
Excuse my ignorance, but posting those words 3 hours AFTER if signalled is a bit pointless, no?
Success means going from failure to failure without loss of enthusiasm
  • #104,690
  • May 27, 2020 4:31am May 27, 2020 4:31am
Quoting lisat
{quote}Excuse my ignorance, but posting those words 3 hours AFTER if signalled is a bit pointless, no?
you can check your own charts on your own every 10PM PDT, 2AM PDT and 6AM PDT , this way you can also post the TMS Monitor and share what you see and how you pick your trades.

my post is for anyone who wish to learn what I see as Price Action Swing Low and Swing High as one of the many trade setups.

this is not a live trading room for interactive trading during live market sessions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,691
  • May 27, 2020 4:34am May 27, 2020 4:34am
Quoting emmanuel7788
{quote} you can check your own charts on your own every 10PM PDT, 2AM PDT and 6AM PDT , this way you can also post the TMS Monitor and share what you see and how you pick your trades. my post is for anyone who wish to learn what I see as Price Action Swing Low and Swing High as one of the many trade setups. this is not a live trading room for interactive trading during live market sessions.
I didn't say it was a live trading room, and wouldn't expect it at all, BUT for those that don't know the time differences, it would have been better just to post that you put this trade in 3 hours ago and you had got the alert from the monitor, NOT
Quote
a few good signal ... pick one that in in your trade plan.
that is in the present tense, not the past tense.
Success means going from failure to failure without loss of enthusiasm
  • #104,692
  • May 27, 2020 4:34am May 27, 2020 4:34am
Quoting emmanuel7788
TMS Monitor May 27 H4 10PM PDT (NY 1AM EST) a few good signal ... pick one that in in your trade plan. Follow Price Action. {image} USDCHF May 27 H4 10PM PDT strong move up, quickly move initial SL to BE+ and wait. {image}

TMS Monitor May 27 H4 2AM PDT (NY 5AM EST)

Nice, I see 2 good setups according to my trade plan.

How many do you have?

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,693
  • May 27, 2020 4:37am May 27, 2020 4:37am
EURGBP May 27 H1/H4 Fib 50

50% rectracement of the H4 candle....

Stoch cross 50-level, TDI(RSI(13) cross 50-level.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP May 27 H4 2AM PDT 27-5-2020 5-34-42 pm.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,694
  • May 27, 2020 4:55am May 27, 2020 4:55am
Quoting emmanuel7788
{quote} you can check your own charts on your own every 10PM PDT, 2AM PDT and 6AM PDT , this way you can also post the TMS Monitor and share what you see and how you pick your trades. my post is for anyone who wish to learn what I see as Price Action Swing Low and Swing High as one of the many trade setups. this is not a live trading room for interactive trading during live market sessions.
Ah, OK, so it must be the HINDSIGHT trading thread. Good that you cleared that up.
To free Gazans of Hamas, use whatever it takes.
  • #104,695
  • May 27, 2020 6:19am May 27, 2020 6:19am
Quoting lddd
Maybe a forward live test of that TMS 19 thing could help to find out if there is at least some edge better than 50% if taking only the highest probability setups that tool can provide by what ever inputs/settings. could you send me the most conservative settings that would produce the strongest buy/sell alerts. Then I am going to put a 5k in a different account and let that run forward for the next few monthes and provide the results here it gave. Don’t worry do much if the account is empty after that but at least would finally have some valid...
let me think about this and work on a 'most conservative settings' for trading M15.

- conservative entry would be to use the OP s/u candle like in this HINDSIGHT training chart

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- conservative exit would be follow his Post#6 and to avoid the CONFUSION in his Post#7612

TMS_V19 can trade exactly following s/u candle entry and TDI exit as above ...
but you will lose your $5k very quickly if you do not have Post#647 set correctly in the settings.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,696
  • May 27, 2020 6:58am May 27, 2020 6:58am
Quoting emmanuel7788
{quote} let me think about this and work on a 'most conservative settings' for trading M15. - conservative entry would be to use the OP s/u candle like in this HINDSIGHT training chart {image} - conservative exit would be follow his Post#6 and to avoid the CONFUSION in his Post#7612 TMS_V19 can trade exactly following s/u candle entry and TDI exit as above ... but you will lose your $5k very...
Hmmm. I must be losing it. I don't recall BigE ever using the term "s/u" in this thread.
To free Gazans of Hamas, use whatever it takes.
  • #104,697
  • May 27, 2020 7:14am May 27, 2020 7:14am
Quoting DrDave
{quote} Hmmm. I must be losing it. I don't recall BigE ever using the term "s/u" in this thread.

#954
https://www.forexfactory.com/showthr...50#post4585950

if you look only for "s/u" then you missed what he wrote on his chart.



are you wanting more examples?
Attached Image (click to enlarge)
Click to Enlarge Name: Bog E 954 chart.png Size: 117 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,698
  • May 27, 2020 7:18am May 27, 2020 7:18am
EURGBP May 27 H4 trade management update

move initial SL to trailing stop behind previous bar low ...

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP May 27 H4 trade management 27-5-2020 7-39-46 pm.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,699
  • May 27, 2020 7:20am May 27, 2020 7:20am
EURAUD May 27 H4 NY session

take look at this when this current H4 candle closes in 40 mins....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,700
  • May 27, 2020 7:27am May 27, 2020 7:27am
Quoting emmanuel7788
{quote} #954 https://www.forexfactory.com/showthr...50#post4585950 if you look only for "s/u" then you missed what he wrote on his chart. are you wanting more examples? {image}
No, I did not miss what he wrote on that chart or on any other chart that he posted. My English reading and reading comprehension are above average, and more than enough to read and comprehend what is on the posted images.

As I already said, the TERM "s/u" is not used. Maybe you are introducing another of YOUR terms for SOMETHING ELSE that BigE said? Yes, I think that is the case, once again. That is how you add confusion rather than clarity to the thread.
To free Gazans of Hamas, use whatever it takes.
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