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Trading Made Simple

  • #80,681
  • Jul 9, 2017 3:36pm Jul 9, 2017 3:36pm
USDJPY

where did I get those violet coloured lines - 112.61 and 115.43?

here, below you see the MN chart and where they came from.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY MN support and resistance.png Size: 27 KB


I trade between those price swing levels - buy at support and target the resistance.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,682
  • Jul 9, 2017 3:49pm Jul 9, 2017 3:49pm
This is my trade results for the July' first week trading, clsoing Friday Jul 07.
Only 69% win rate. No need to look for 80% or 100% win rate.
Just learn and accept to take some small losses and ride the winners.
When you work hard and can achieve a consistent win rate of 50%, you can make money from the market.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS MEME trades Week 27 Jul07 closing.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,683
  • Jul 10, 2017 1:01am Jul 10, 2017 1:01am
"
Quoting emmanuel7788
This is my trade results for the July' first week trading, clsoing Friday Jul 07. Only 69% win rate. No need to look for 80% or 100% win rate. Just learn and accept to take some small losses and ride the winners. When you work hard and can achieve a consistent win rate of 50%, you can make money from the market. {image}
"
nice equity curve, i just entered e/aud buy.....what is your take.
  • #80,684
  • Jul 10, 2017 4:23am Jul 10, 2017 4:23am
Quoting carbonado
"{quote}" nice equity curve, i just entered e/aud buy.....what is your take.

EURAUD

did you enter based on H4 or D1?

H4 is sideways with many small candles and D1 has Friday' as Inside Bar.

There is potential but do not expect NZD to weaken yet.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,685
  • Jul 10, 2017 4:42am Jul 10, 2017 4:42am
this is my posisition today,Usdcad sell again with me/me after finish reach tp last friday, now it retrace and touch me1 pending order, what do you think emm ?
also i look for buy Eurochf if break ress area, im still learning how to pick trade with me/me
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 67 KB
2% target/Month !
  • #80,686
  • Jul 10, 2017 4:47am Jul 10, 2017 4:47am
"
Quoting emmanuel7788
{quote} EURAUD did you enter based on H4 or D1? H4 is sideways with many small candles and D1 has Friday' as Inside Bar. There is potential but do not expect NZD to weaken yet.
" i actually entered based on the 4hr ......
  • #80,687
  • Jul 10, 2017 4:57am Jul 10, 2017 4:57am
Quoting irvanhidan
this is my posisition today,Usdcad sell again with me/me after finish reach tp last friday, now it retrace and touch me1 pending order, what do you think emm ? also i look for buy Eurochf if break ress area, im still learning how to pick trade with me/me {image}
To trade with ME/ME, best is to trade the D1 chart.

Looking at your USDCAD trades, you have lot sizes 0.01, 0.01, 0.02, 0.03,.... that lot increments look like fibonacci series to me. Be careful with your total trade lots and the number of trades. Your account deposit must be able to handle the floating drawdown when the retracement goes deep.

I don't trade ERUCHF, in fact I dont trade any of the CHF pairs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,688
  • Jul 10, 2017 5:54am Jul 10, 2017 5:54am
Quoting emmanuel7788
USDJPY where did I get those violet coloured lines - 112.61 and 115.43? here, below you see the MN chart and where they came from. {image} I trade between those price swing levels - buy at support and target the resistance.
Would you call that a cup and handle pattern?
  • #80,689
  • Jul 10, 2017 6:06am Jul 10, 2017 6:06am
Quoting irvanhidan
this is my posisition today,Usdcad sell again with me/me after finish reach tp last friday, now it retrace and touch me1 pending order, what do you think emm ? also i look for buy Eurochf if break ress area, im still learning how to pick trade with me/me {image}
I wonder why you start selling at the bottom of the dip. This would make me nervous. I would rather wait a bit till I could see a clear end to the retrace. I have been burned before by selling then the thing goes completely against me.
  • #80,690
  • Jul 10, 2017 7:07am Jul 10, 2017 7:07am
Quoting emmanuel7788
{quote} To trade with ME/ME, best is to trade the D1 chart. Looking at your USDCAD trades, you have lot sizes 0.01, 0.01, 0.02, 0.03,.... that lot increments look like fibonacci series to me. Be careful with your total trade lots and the number of trades. Your account deposit must be able to handle the floating drawdown when the retracement goes deep. I don't trade ERUCHF, in fact I dont trade any of the CHF pairs.
@emmanuel:
I have seen your fabulous 18.000+-trades and 1 thing came to my mind:
when do you decide to quit a Trade when this Trade is running nowhere or needs too much time to be profitable (means sideways for more than X days )??
Thanks for an info.
Reg.Zack
  • #80,691
  • Edited 7:49am Jul 10, 2017 7:30am | Edited 7:49am
Quoting emmanuel7788
This is my trade results for the July' first week trading, clsoing Friday Jul 07. Only 69% win rate. No need to look for 80% or 100% win rate. Just learn and accept to take some small losses and ride the winners. When you work hard and can achieve a consistent win rate of 50%, you can make money from the market. {image}
Hi Emm.

Since a week We are also playing the lottery model additional to insurance model.
Heres mine;


Gross Profit:1 512.34Gross Loss:303.67Total Net Profit:1 208.67
Profit Factor:4.98Expected Payoff:7.80
Absolute Drawdown:0.00Maximal Drawdown:132.57 (2.55%)Relative Drawdown:2.55% (132.57)
Total Trades:155Short Positions (won %):152 (74.34%)Long Positions (won %):3 (0.00%)
Profit Trades (% of total):113 (72.90%)Loss trades (% of total):42 (27.10%)

Yes, you´re right no need to be 100% ..

But:

In this case its only "one" instrument (Gcad) and only short.
The direction of the trade must be 100% correct, or the courve shows another direction.

Stay tuned
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement pic 1. week july lottery .gif Size: 7 KB
Risiko birgt immer auch die Chance.
  • #80,692
  • Jul 10, 2017 8:10am Jul 10, 2017 8:10am
If I am trading h4, is there a rule that I should only be entering trades at Night (EST timezone) like Big E or Can i take a signal during any h4 candle close period?
please help
  • #80,693
  • Jul 10, 2017 8:11am Jul 10, 2017 8:11am
"
Quoting carbonado
"{quote}" i actually entered based on the 4hr ......
" i have exited it at -23
  • #80,694
  • Jul 10, 2017 9:51am Jul 10, 2017 9:51am
Hi Emannuel and friends if EUR/GBP break these key resistance level look's good to me any comment from you will be apriciated!?
Attached Image (click to enlarge)
Click to Enlarge Name: eg.png Size: 44 KB
  • #80,695
  • Jul 10, 2017 10:20am Jul 10, 2017 10:20am
Quoting mizi123
Hi Emannuel and friends if EUR/GBP break these key resistance level look's good to me any comment from you will be apriciated!? {image}
i will sell here. And i also open a small zise 0.10 order here fors ell.
Attached Image
  • #80,696
  • Jul 10, 2017 10:32am Jul 10, 2017 10:32am
i have a question on the TDI indicator What is the yellow line ?
  • #80,697
  • Edited 11:06am Jul 10, 2017 10:49am | Edited 11:06am
Quoting mizi123
Hi Emannuel and friends if EUR/GBP break these key resistance level look's good to me any comment from you will be apriciated!? {image}
Hi Mizi.

Yes, my weekly resistance is around 30 pips below.
But the longer wicks on the upside arent broken yet.
In fact its bullish and it builds a triangle, knocking on the resistance.

Heres a a line from my weekly big picture analyses.
I do it in an Excel file.. look below.

Weekly...................... ... Monthly................... Impressions .........................What to look for during the week

Weekly bullish in range, longer wicks on upside , resistance Monthly doji, bullish above PAClong above 90 look for long above 90
Stay tuned
Guido

.
Attached Image (click to enlarge)
Click to Enlarge Name: InkedEURGBPDaily 10.7..jpg Size: 1.0 MB
Risiko birgt immer auch die Chance.
  • #80,698
  • Jul 10, 2017 10:51am Jul 10, 2017 10:51am
Quoting kmic14
i have a question on the TDI indicator What is the yellow line ?
its the MBL - Market Base Line, a more delayed RSI than green and red, check pdf bellow
https://www.forexfactory.com/showthr...92#post8410192
  • #80,699
  • Jul 10, 2017 11:27am Jul 10, 2017 11:27am
Quoting kmic14
i have a question on the TDI indicator What is the yellow line ?
Yellow line is price line, if you see these pair EUR/GBP in weekly and monthly time frame is in bullish mode i can allow to my self the luxury to go right now against these bullish trend
  • #80,700
  • Jul 10, 2017 11:47am Jul 10, 2017 11:47am
Quoting mokuro89
{quote} its the MBL - Market Base Line, a more delayed RSI than green and red, check pdf bellow https://www.forexfactory.com/showthr...92#post8410192
And from where i can download? i dont have it my MT4. Can u put it here please?
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