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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #80,461
  • Jun 29, 2017 9:34pm Jun 29, 2017 9:34pm
Quoting zackery
{quote} @emmanuel: what is shadow trading? Thanks for clarification. Reg.Zack
What is 'shadow trading'?

In the shadow is where traders show their fear and greed.
Selling high by picking highs and buying low by picking lows, these are just simple examples of greed without fear.

If you search this forum using keyword 'shadow', you will find 57 old posts by your truly. Every possible question had been asked and answered. "No stone left unturned", that is my commitment in this thread since Big E died. It has been more than 5 years.
Attached Image (click to enlarge)
Click to Enlarge Name: FF serach shadow.png Size: 137 KB


Learn what Steve Nison (father of the Japanese candlesticks) has to say about shadows.
https://www.forexfactory.com/showthr...56#post7231256

below as another example of fear and greed trading at month end.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Week 26 MN end closing shadow.png Size: 64 KB


you want to pick Highs and Lows, you need special skills or you better have a big account to withstand the drawdowns or you can top up your trading accounts when your account reaches that critical Margin Call %.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,462
  • Jun 29, 2017 9:37pm Jun 29, 2017 9:37pm
Quoting Yamazaki
Hi emmanuel, can you share pipware multi time frame indicator for mt4? I cant get it from website. Thanks
keyword search 'Pipware', 'Stratman',

its all here in this thread:

Post#76,270
https://www.forexfactory.com/showthr...59#post9588859
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,463
  • Jun 29, 2017 9:45pm Jun 29, 2017 9:45pm
Quoting Deichkind
{quote} Yes, this was a A+++ setup, I like setups were price break out of the MC/MotherBar/Outside Bar and shows an entry on PAC/TDI. At this setup all things were perfect, I also like when on TDI all lines are under 50 in correct order - green/red/yellow/50. {image} best regards

for mechanical condition check using mql4 coding,

you read the data of the upper and lower PAC, the data of the current close bar and the previous 2 bars.
this is so-called the 'PAC trend' check, i.e. the condition 2) below.

1) HA candle close above or below PAC
2) PAC trend
3) TDI moderate mode i.e. the 50-level.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,464
  • Jun 29, 2017 9:51pm Jun 29, 2017 9:51pm
Quoting Mefisto5000
Dear eelfranz, I am about to test on a demo account your system. I have some doubt... this system trades countertrend (I mean the short trend), without checking a longer trend. The TDI green and red lines are essentially (if I am not wrong), the RSI and his moving average. So it could be named RSI crossovers. Oscillators crossovers work better in a trading range market, but here we avoid, rightly, this market. Enter at the END of a pullback, in the direction of the (bigger) trend is a classic system, but, as always, nobody knows if this should be...

Eric aka eelfranz our OP passed away more than 5 years ago. His last online was Dec 2011.

His trading is discretionary and his success was very much based on his years of trading experience. I tried and worked very hard for years and I simply could not match his 70% to 80% win rate. I am happy with 55% as baseline ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,465
  • Jun 29, 2017 9:56pm Jun 29, 2017 9:56pm
EURUSD June 30 month closing

just hours to the European session, EU pauses few pips from the next RN 1.14500.

I'll be happy with 700pips when it hit that RN or I will walk away soon and enjoy my month end partying.

Will be back later and do my month end closing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,466
  • Jun 29, 2017 9:58pm Jun 29, 2017 9:58pm
Quoting emmanuel7788
{quote} instead of risking 15% to 30% per trade like Big E did, we trade with smaller lots place at different entry levels. also Big E did not like price pullback and he exit his trades very quickly. This is good because his account drawdown are usually very short duration never more than 1 to 2 days from my study of his old posts. It is very important to pick only the best setups like Big E did and we can run our trades into profits with minimal account drawdown duration. JPY pairs went crazy at month end trading this week. my best trade this summer...
Hi Emm,
All the best for your target of 15,000! God Bless!
From the chart attached, it seems that you have one TP and one SL for all the trades?
Some candid queries -
1. Do you move the SL as the trades progress? if yes, then what is their distance from the current price?
2. What is the SL location with respect to current price? or Do you set it below (xx pips) of an identified support/resistance level?
Cheers!
Sachu
  • #80,467
  • Jun 29, 2017 10:17pm Jun 29, 2017 10:17pm
Quoting Uk1
{quote} Hi Emm, For trading the weekly setups (D1 entries) we use 0.5 x atr100 for basket order spacing and, cutloss at 2 x daily atr100 from the 10ema. TP at 0.5 x atr100 above average entry. Can you just please confirm to me what basket order spacing, cutloss, and TP you use for D1 setups (H4 entries)? Thanks

Let me ask and confirm,

first basic is one basket of 5 trades (or positions)
I use ADR-100 days not to be confused using ATR on any chart timeframe which is very different.
the Dynamic SMART Cut-Loss is also based on ADR-100 days (again, this is the Average Daily Range of last 100 days)

do you mean you want to have more than one basket per currency pair traded?

For trade planning July' trading, do Big Picture Planning.
EU is trading near its Historical MN price swing, interesting for next month's trading.
Trading the shadow today?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 26 MN closing.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,468
  • Jun 30, 2017 1:18am Jun 30, 2017 1:18am
Quoting emmanuel7788
{quote} keyword search 'Pipware', 'Stratman', its all here in this thread: Post#76,270 https://www.forexfactory.com/showthr...59#post9588859
Thanks emmanuel for the help. Have a good weekend
  • #80,469
  • Jun 30, 2017 2:00am Jun 30, 2017 2:00am
Quoting emmanuel7788
{quote} Let me ask and confirm, first basic is one basket of 5 trades (or positions) I use ADR-100 days not to be confused using ATR on any chart timeframe which is very different. the Dynamic SMART Cut-Loss is also based on ADR-100 days (again, this is the Average Daily Range of last 100 days) do you mean you want to have more than one basket per currency pair traded? For trade planning July' trading, do Big Picture Planning. EU is trading near its Historical MN price swing, interesting for next month's trading. Trading the shadow today? {image}...
Hi Emm, yes I understand this, and sorry yes I should have said atr 100 days or adr 100 in my comments. As you know I'm working on an MEME trading manager. What adr multiple cutloss do you use for h4 entries. We take profit at 0.25 x adr above average entry, then enter a new basket, but I don't ever remember seeing what cutloss you use. Is it the same for D entries I.e. 2 x adr100 below the 10ema (for buy - opposite for sell)
  • #80,470
  • Jun 30, 2017 4:54am Jun 30, 2017 4:54am
Quoting Uk1
{quote} Hi Emm, yes I understand this, and sorry yes I should have said atr 100 days or adr 100 in my comments. As you know I'm working on an MEME trading manager. What adr multiple cutloss do you use for h4 entries. We take profit at 0.25 x adr above average entry, then enter a new basket, but I don't ever remember seeing what cutloss you use. Is it the same for D entries I.e. 2 x adr100 below the 10ema (for buy - opposite for sell)

Hi,

post me as example, a currency pair with a H4 chart where you want to start buy or start sell. I will run this using my trade manager and show you what happens with multiple entries/multiple exits use of 0.5ADR for entries,
the technical stop loss on the chart and how the Dynamic SMART CutLoss work on a chart,
how to breakeven trades and lock profits to let profit one run.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,471
  • Jun 30, 2017 5:12am Jun 30, 2017 5:12am
Quoting emmanuel7788
{quote} Hi, post me as example, a currency pair with a H4 chart where you want to start buy or start sell. I will run this using my trade manager and show you what happens with multiple entries/multiple exits use of 0.5ADR for entries, the technical stop loss on the chart and how the Dynamic SMART CutLoss work on a chart, how to breakeven trades and lock profits to let profit one run.
I have no examples currently Emm, this info is so that I can develop my trade manager and backtester to explore the options for my own development as a trader,I was just interested to see what you use for these h4 basket entries cutloss. We can use the lower timeframe macd / tdi data to let profit run though?
  • #80,472
  • Jun 30, 2017 5:13am Jun 30, 2017 5:13am
EURUSD June 30

with Tokyo session closed and London traders will have full control what they want to do.

Will EU move up before the month close? Someone knows, but not me.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 26 Jun 30 H1 Pull back candle.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,473
  • Jun 30, 2017 5:20am Jun 30, 2017 5:20am
Quoting Seshwaan
I've been so busy with work etc for the past 2 weeks I haven't been able to dedicate as much time as i'd like to fx... Reading this makes me really jealous that i've missed out on all these big moves! Has anyone managed to get TMS working from a mobile at all? That would be the absolute dream as then I would be able to get way more hours in throuhgout the day
Yes, for almost 2 months now I have been trading from my mobile (android) and it has been very ok, hence I haven't been posting for a while now.
I have the following setup on my mobile:

1.) Bar Chart.
2.) PAC.
3.) TDI.


Happy trading,
Yomi.
Time always comes before price
  • #80,474
  • Jun 30, 2017 5:35am Jun 30, 2017 5:35am
It's usual month end and its play time for some people.

Do you believe 100% win trades is like this one below is possible?

Looks great, right?

... but this can be done quite easily with a simple mql4 script and all you need to know is how to place many trades.

Attached Image (click to enlarge)
Click to Enlarge Name: June 100pct win rubbish.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,475
  • Jun 30, 2017 5:38am Jun 30, 2017 5:38am
Hi Emmanuel! What does't mean BRN on your charts?
If you know neither the enemy nor yourself, you will fail in every battle!!
  • #80,476
  • Jun 30, 2017 5:45am Jun 30, 2017 5:45am
Quoting Sachu
{quote} Hi Emm, All the best for your target of 15,000! God Bless! From the chart attached, it seems that you have one TP and one SL for all the trades? Some candid queries - 1. Do you move the SL as the trades progress? if yes, then what is their distance from the current price? 2. What is the SL location with respect to current price? or Do you set it below (xx pips) of an identified support/resistance level? Cheers! Sachu

1) Yes, I do move SL as I see the price action. I look at the overall entry prices based on the entry price and lot size of individual open position, and the P&L $$$amount not just looking at the number of pips. I look at the potential profit in $$$money over the risk% I put into every trade.

2) Looking at the price action and so long as the 'trend' is intact and the price momentum is positive, I don't worry too much about moving the SL. The SL was the ijitial SL at the last swing low and I could have moved that to breakeven level if I wanted to.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,477
  • Jun 30, 2017 5:49am Jun 30, 2017 5:49am
Quoting OMG-style
Hi Emmanuel! What does't mean BRN on your charts?

BRN= Big Round Number, the price level ending with 00

example:

1.1400

112.00

RN= the mid between 0 and 100, i.e 50

1.1450
112.50

Don't ask me who created all these acronyms, I learn them and just use them.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,478
  • Jun 30, 2017 5:55am Jun 30, 2017 5:55am
Quoting emmanuel7788
{quote} BRN= Big Round Number, the price level ending with 00 example: 1.1400 112.00 RN= the mid between 0 and 100, i.e 50 1.1450 112.50 Don't ask me who created all these acronyms, I learn them and just use them.
thank you for your kind answer!
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If you know neither the enemy nor yourself, you will fail in every battle!!
  • #80,479
  • Jun 30, 2017 5:55am Jun 30, 2017 5:55am
Weekly close and Monthly close.

This week we see this Week' candle close and also this Month's close tonight NY session.

there are only 3 months this year where we see this

the last one was March , and this month June.

which is the next calendar month to have W1 and MN close on Friday?

is this of any significance in your trading?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,480
  • Jun 30, 2017 5:59am Jun 30, 2017 5:59am
Quoting OMG-style
{quote} thank you for your kind answer! {image} {image} {image} {image}

Nice charts... I LIKE
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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