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Trading Made Simple

  • #66,441
  • Mar 2, 2016 10:20am Mar 2, 2016 10:20am
Quoting robotgedeg
i just think i had simple method to trade, using EA surfire system, help by indicator, and i think it is good result. That's simple, but when i create idea to the EA, it's very complicated, but i already know the philosphy,. and it is simple. i just want to know your opinion when looking the graph and statement.
i do not have an opinion because basically i do not know anything about this trading system, entries, S/L etc. when looking at average win and average loss,
it tries to take s lot of trades with small profit and big S/L which i personally do not like because if ur broker charges u comissions per trade these can easily eat ur profits.
I prefer strategies with a high ROI.

But basically this is the wrong thread to discuss ur system, maybe u open a new one for ur system to discuss it.
Achieving your goals is only a matter of mental strength
  • #66,442
  • Mar 2, 2016 10:25am Mar 2, 2016 10:25am
Quoting robotgedeg
i just think i had simple method to trade, using EA surfire system, help by indicator, and i think it is good result. That's simple, but when i create idea to the EA, it's very complicated, but i already know the philosphy,. and it is simple. i just want to know your opinion when looking the graph and statement.
I guess you are in the wrong place. Title of the thread "Trading made simple" stands for TMS Trading system. You have to post this where mql coders are active.
All the best for your system/EA. Happy Trading..
  • #66,443
  • Mar 2, 2016 11:48am Mar 2, 2016 11:48am
Quoting emmanuel7788
{quote}{quote} Hi Next, you are not wrong .....it should be very easy to decide. I don't use the TDI for exit because I like to run my profits. so I use the TDI RT that's real....time. regards,
emmanual7788
I'm a little confused now, all I want is to be able to back test using F12 and see a true representation of the TDI so it looks the same as it would have in real time using TDI red green or TDI_RT. I too don't plan on using the TDI for exits.
Thanks Next4467
  • #66,444
  • Mar 2, 2016 11:49am Mar 2, 2016 11:49am
Quoting catalin_eros
{quote} Dude, looking at your chart is like staring into the Sun.
Lol, can't leave the Khaki out of my life.
It's not over, until I win.
  • #66,445
  • Mar 2, 2016 11:50am Mar 2, 2016 11:50am
Quoting emmanuel7788
{quote} Hi, I don't trade any of the pairs which has to do with CHF therefore do not have any BPP for this. But just by looking at your chart, we must learn how to identify potential sideways market and avoid taking any TDI cross setups when market is sideways. Simply observe the price volatility and the TDI characteristics. We do not know how long it will take before it breaks out of the sideways range, therefore if we must trade, then better trade in one timeframe lower or scalp in M15 or M5. {image} regards,
Thank you for your answer.
It's not over, until I win.
  • #66,446
  • Mar 2, 2016 12:44pm Mar 2, 2016 12:44pm
Hi all and specialy Emm,

I want to thank you again for sharing with us your strategy. It improves my trading skills and specialy my signals for trades.
however, i still have mentaly problems. it hapen to me alot when im in a losing trade and close it before it touch the SL, and ofcourse that after couple of hours even days (i usualy trade 1 day or 4 hours minimum) it comes it TP.

therefore, i would like to have some tips from your experience, how to handle it.
I know its a matter of confidence, I truly have it when i go for it at the start.
but somewhere after couple of hours when the trade going against me, it makes me thnk again.

So, could you give me some tips about it?

thanks,
  • #66,447
  • Mar 2, 2016 1:55pm Mar 2, 2016 1:55pm
Quoting omri89
Hi all and specialy Emm, I want to thank you again for sharing with us your strategy. It improves my trading skills and specialy my signals for trades. however, i still have mentaly problems. it hapen to me alot when im in a losing trade and close it before it touch the SL, and ofcourse that after couple of hours even days (i usualy trade 1 day or 4 hours minimum) it comes it TP. therefore, i would like to have some tips from your experience, how to handle it. I know its a matter of confidence, I truly have it when i go for it at the start. but...
Hi,

I think the most important thing is having rules and following them. In trading you can't do things on a hunch or atleast avoid this as much as possible. This is also something that happens to me still... Developping a trading system takes time!

Best,
  • #66,448
  • Mar 2, 2016 3:30pm Mar 2, 2016 3:30pm
4h ​EJ Trade entered on strong TDI cross with green below 50 and stability in the last 10 days plus no significant Support in recent times to challenge. Target is 100 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ Trade.png Size: 98 KB
  • #66,449
  • Mar 2, 2016 5:11pm Mar 2, 2016 5:11pm
Quoting omri89
Hi all and specialy Emm, I want to thank you again for sharing with us your strategy. It improves my trading skills and specialy my signals for trades. however, i still have mentaly problems. it hapen to me alot when im in a losing trade and close it before it touch the SL, and ofcourse that after couple of hours even days (i usualy trade 1 day or 4 hours minimum) it comes it TP. therefore, i would like to have some tips from your experience, how to handle it. I know its a matter of confidence, I truly have it when i go for it at the start. but...
think of it this way, when you trade it is between you and the other guy at the other end.
you are the one who has full control and not the other guy.
you have the power to do what you want and make the decision not the other guy.

when you enter the market you already know when you want to exit, therefore you are the one who make that decision.

there are rules,
follow
Rule#16
Rule#15.


there are 25 rules,
see this post http://www.forexfactory.com/showthre...57#post7975357
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,450
  • Mar 2, 2016 5:18pm Mar 2, 2016 5:18pm
Quoting ruben7222
does someone know what to do when PA break below the WRB S, but TDI is still above the red line, do you still enter. why/why not?

it cannot be a general rule, that must depends on the actual price action what we see on our chart and the bigger picture.

based on your description, that can happen only when we see consecutive WRBs, i.e one WRB pushes up and the next candle also a WRB pushes down creating a brearish reversal. You can also have DBHLC and DBLHC situations where the bars are not WRBs.

see below:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4 double WRB examples.png Size: 74 KB


next time , please post a chart and save me some time to search my charts for examples.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,451
  • Mar 2, 2016 8:30pm Mar 2, 2016 8:30pm
Can anyone help me with how to form a proper weekly trading bias (buy or sell) for ME/ME trading on 4hours? Is it based on the previous weekly candlestick pattern?

Emmanuel said as newbies we should trade when weekly bias align with daily bias, and find setups in 4hour chart based on CSP and TDI confirmation. But how do I define the weekly bias or daily bias?

I have read emmanuel's big picture planning pdf 5 times now but am still quite confused. I have also read around 10 pdfs of the past weekly big picture planning but still find it very unclear.
  • #66,452
  • Mar 2, 2016 9:40pm Mar 2, 2016 9:40pm
Quoting emmanuel7788
{quote} it cannot be a general rule, that must depends on the actual price action what we see on our chart and the bigger picture. based on your description, that can happen only when we see consecutive WRBs, i.e one WRB pushes up and the next candle also a WRB pushes down creating a brearish reversal. You can also have DBHLC and DBLHC situations where the bars are not WRBs. see below: {image} next time , please post a chart and save me some time to search my charts for examples.
Hi Emmanuel
I have some questions
1.when you trade me/me when you hit 0.5 adr you close your trade with tp and re open or don't close your order and add another?
2.could you please share your me/me expert ? (manage account)
  • #66,453
  • Mar 2, 2016 11:52pm Mar 2, 2016 11:52pm
Quoting emmanuel7788
{quote} think of it this way, when you trade it is between you and the other guy at the other end. you are the one who has full control and not the other guy. you have the power to do what you want and make the decision not the other guy. when you enter the market you already know when you want to exit, therefore you are the one who make that decision. there are rules, follow Rule#16 Rule#15. there are 25 rules, see this post http://www.forexfactory.com/showthre...57#post7975357
thanks
  • #66,454
  • Mar 3, 2016 1:11am Mar 3, 2016 1:11am
Quoting emmanuel7788
{quote} it cannot be a general rule, that must depends on the actual price action what we see on our chart and the bigger picture. based on your description, that can happen only when we see consecutive WRBs, i.e one WRB pushes up and the next candle also a WRB pushes down creating a brearish reversal. You can also have DBHLC and DBLHC situations where the bars are not WRBs. see below: {image} next time , please post a chart and save me some time to search my charts for examples.
Good morning, Big Emm!

May have an answer to this post, please? I am trying to understand your method of using W1, D1 and H4.

Thanks in advance!
  • #66,455
  • Mar 3, 2016 2:25am Mar 3, 2016 2:25am
Quoting catalin_eros
{quote} Good morning, Big Emm! May have an answer to this post, please? I am trying to understand your method of using W1, D1 and H4. Thanks in advance!

I wrote comment on your chart posted below. No need for long story...
I think it is simple to decide how to trade AJ this week.
Also my other posts on AJ this week should have given a clear picture what I look at when I trade.

Attached Image (click to enlarge)
Click to Enlarge Name: catalin post AJ W1.png Size: 293 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,456
  • Mar 3, 2016 2:39am Mar 3, 2016 2:39am
Quoting mortezakh
{quote} Hi Emmanuel I have some questions 1.when you trade me/me when you hit 0.5 adr you close your trade with tp and re open or don't close your order and add another? 2.could you please share your me/me expert ? (manage account)

Hi,

1) when you trade ME/ME , you have always a set TP level and when each TP level get hit, you continue to trade so long the setup is still valid and there is no trade invalidation of that last setup. You Big Picture Plan will have all the trade plan details, for example the historical swing levels are being use for position trading. We trade from level to level by looking at the price action. You must be able to identify market condition from your BPP and where the market is in buy zone or sell zone, also if you are in BUILD phase or RUN phase. When market is in RUN phase, yiu have to decide whether you increase your position size according to your money management plan.

2) The ME/ME trade manager expert for MAM will not be shared. That expert requires login to a MAM server for authentication and upload of trade plan parameters. All these are now private to the group. But you can use the MPTM trade manager and learn how to use that to manage your ME/ME trades. If you have problem with that MPTM, post in the thread and there are many users who cn help you. I will also look there when I have time.

http://www.forexfactory.com/showthre...14#post8746714

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,457
  • Mar 3, 2016 3:00am Mar 3, 2016 3:00am
Quoting antonym
Can anyone help me with how to form a proper weekly trading bias (buy or sell) for ME/ME trading on 4hours? Is it based on the previous weekly candlestick pattern? Emmanuel said as newbies we should trade when weekly bias align with daily bias, and find setups in 4hour chart based on CSP and TDI confirmation. But how do I define the weekly bias or daily bias? I have read emmanuel's big picture planning pdf 5 times now but am still quite confused. I have also read around 10 pdfs of the past weekly big picture planning but still find it very unclear....

do you know of or used another approach to do top down analysis instead of the way I do Big Picture Plan?
if you do, what is the outcome of doing your own top down analysis.
does your top down analysis give you a clear view of the market and what to look for to trade.
does your top down analysis help you identify support and resistance to be use in the new trading week.
what other information does your top down analysis provide you.

the best forward is to learn by doing and not just reading and reading.
you pick one currency pair and I will run through step by step what to do for BPP for next week's trading.

do you agree with this?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,458
  • Mar 3, 2016 3:21am Mar 3, 2016 3:21am
Quoting emmanuel7788
{quote} I wrote comment on your chart posted below. No need for long story... I think it is simple to decide how to trade AJ this week. Also my other posts on AJ this week should have given a clear picture what I look at when I trade. {image}
Thanks, Big Emm!

I am not using TDI when looking at W1. It's there just because I use the same window for the pair and switch between TFs.

When you have time, can you look at my PM, pl,ease? I asked a few questions there which will hep me understand better some things of the method you are using.
  • #66,459
  • Mar 3, 2016 4:27am Mar 3, 2016 4:27am
Hello friends,

I have a suggest.

Please attach here your every Picture with Entry position, not only positive closed pictures.
With Entry pictures we get a many comments.


Like my picture
Attached Image (click to enlarge)
Click to Enlarge Name: EG H4 11.00.png Size: 34 KB
  • #66,460
  • Mar 3, 2016 5:05am Mar 3, 2016 5:05am
Quoting Trader MT4
Hello friends, I have a suggest. Please attach here your every Picture with Entry position, not only positive closed pictures. With Entry pictures we get a many comments. Like my picture {image}

you are trading inside the consolidation range...Master Candle[3] + TDI Green went outside the VB, then re-enters the VB, and that MC[3]...
it may breakout to the upside, but we don't know that.

Attached Image (click to enlarge)
Click to Enlarge Name: TraderMT4 EURGBP H4 trade in MC3.png Size: 200 KB


if you follow the Monthly, you may be good...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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