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Trading Made Simple

  • #81,781
  • Sep 4, 2017 10:05pm Sep 4, 2017 10:05pm
Quoting emmanuel7788
{quote} There is support near 1.6000. There is potential for sell continuation as I explained using the example in this post. https://www.forexfactory.com/showthr...7#post10248967 For GBPCAD, we see empty space below 1.6000 seen on D1 chart. {image} But should this stall in the next few days/weeks in Sep, I am prepared with range trading.

Yes . i see support too, and very wide space..
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  • #81,782
  • Sep 4, 2017 11:15pm Sep 4, 2017 11:15pm
Quoting jasakreatif
{quote} Yes . i see support too, and very wide space..{image}
It's worth to trade. wait for London Open. Need to check other CAD pairs as well..
  • #81,783
  • Sep 4, 2017 11:46pm Sep 4, 2017 11:46pm
Quoting emmanuel7788
{quote} I agree with you. Whenever there are price gaps, the TDI as a trade signal is not reliable. You get false angle, crosses, bounce, etc. That is one reason why Big E did not trade the NY Sunday candles. You need to give time for the TDI to settle and 'correct' itself whenever there are price gaps.
Hi emmanuel
you only enter a trade if, for example, the signal you have on weekly timeframe is the same on daily? And then you enter on h1 timeframe. Am i right?
and if during the week the signal changes on the daily timeframe but it stays the same on the weekly timeframe? You get Out of the trade?
  • #81,784
  • Sep 5, 2017 1:26am Sep 5, 2017 1:26am
You can sell it?

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  • #81,785
  • Sep 5, 2017 1:38am Sep 5, 2017 1:38am
Quoting nbelchior
{quote} Hi emmanuel you only enter a trade if, for example, the signal you have on weekly timeframe is the same on daily? And then you enter on h1 timeframe. Am i right? and if during the week the signal changes on the daily timeframe but it stays the same on the weekly timeframe? You get Out of the trade?
this pic below will answer your questions.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,786
  • Sep 5, 2017 1:50am Sep 5, 2017 1:50am
Quoting notsure8911
Quoting emmanuel7788
{quote} You are new to this thread. Perhaps, this below can help you get up to speed by first reading the OP's posts and master the 5-Method. New traders coming to this thread have three Options: I'm learning about these candlesticks from your suggestion: https://www.forexfactory.com/showthr...41#post6658941 IB = inside bar DIB = double inside bar Pop Gun =? DBLHC = Double Low Higher Close DBHLC = Double High Lower Close BUOB =? BEOB = Bearish outside bar I have not found candle models yet? Thank
...
use forum keyword search

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and also look in attachments

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for BEOB/BUOB
BEEB/BUEB

go to Strat https://www.forexfactory.com/strat

follow The Path
http://www.stratsforextrading.com/dokuwiki/doku.php
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,787
  • Sep 5, 2017 4:05am Sep 5, 2017 4:05am
Quoting jansb000
{quote} Hi Bodal, Yes (more or less), on my main account I will mostly go in a new trade when the TMS rules apply. However, when all the TMS rules apply does not automatically mean I will do the trade. I also want to have a "good feeling" about the trade. Other stuff that I take into consideration: Is there a high impact news announcement expected. Is it near the end of the week. Try not to have open trades over the weekend. Is the spread not to big. What are other TMS enthousiasts in this blog saying. Has Trump tweeted or may he be about to. Do...
HI , thank you for your answer.
Am I to understand that you realise a 40% increase with a real accountusing TMS principles whithin 8 months ? In that case (around +5% per month ) , I find it realistic as personally I achieve +2%/4% per month now .
I believed that you were saying that you think to double your account within 2 months using TMS method ! Excuse me to have made this stupid mistake as it is rather impossible to make +50% per month on a long run !
Best regards
  • #81,788
  • Sep 5, 2017 7:08am Sep 5, 2017 7:08am
Has any particular setting been agreed upon for the PAC on H1 and H4 charts?
  • #81,789
  • Sep 5, 2017 7:14am Sep 5, 2017 7:14am
Quoting rcbarlow
Has any particular setting been agreed upon for the PAC on H1 and H4 charts?
if you are not using HA from Synergy wich comes with PAC already, its:
5 SMA applied to High shift+1
5 SMA applied to Low shift+1
  • #81,790
  • Sep 5, 2017 11:41am Sep 5, 2017 11:41am
This is a very useful site for technical and candle settings- MTF
Technical settings

https://uk.investing.com/currencies/...rrency-crosses
  • #81,791
  • Sep 5, 2017 4:25pm Sep 5, 2017 4:25pm
Hi guys hope all is well. Took 2 trades tonight
1) open another position on a buy
2) open a new trade was a bit risky as the HA candle only just about closed on the PAC line

Emmanuel7788 could you take a look to see if you agree on my entry's if not where have I gone wrong again.

Any other comments welcome
Thanks
Craig
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  • #81,792
  • Sep 5, 2017 6:13pm Sep 5, 2017 6:13pm
Quoting irishcraig09
Hi guys hope all is well. Took 2 trades tonight 1) open another position on a buy 2) open a new trade was a bit risky as the HA candle only just about closed on the PAC line Emmanuel7788 could you take a look to see if you agree on my entry's if not where have I gone wrong again. Any other comments welcome Thanks Craig {image} {image}
Hi Irishcraig,

I also took the GBPUSD long as to me this one satisfies all the rules, HA color, closed above PAC, TDI moderate. Also that was a nice PA inside bar breakout setup, D1 trading above EMA 10, 50, 200, higher time frame is also supporting with W1 above 10 EMA, last 2 weekly bars making higher high and higher lows etc etc. Technically, this is kind of setups we should be looking for.

Cheers,

Okoso
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  • #81,793
  • Sep 5, 2017 7:49pm Sep 5, 2017 7:49pm
Quoting irishcraig09
Hi guys hope all is well. Took 2 trades tonight 1) open another position on a buy 2) open a new trade was a bit risky as the HA candle only just about closed on the PAC line Emmanuel7788 could you take a look to see if you agree on my entry's if not where have I gone wrong again. Any other comments welcome Thanks Craig {image} {image}

my comment:
write your own trading rules for entry and exit.
if you follow your own rules and make profits, then you did the right thing.

do not go to any public trading forum and expect to find a winning system.
you need to develop your own winning system that fits you.

read Van Tharp'money management report in the attachment of this thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,794
  • Sep 5, 2017 7:50pm Sep 5, 2017 7:50pm
Quoting okoso
{quote} Hi Irishcraig, I also took the GBPUSD long as to me this one satisfies all the rules, HA color, closed above PAC, TDI moderate. Also that was a nice PA inside bar breakout setup, D1 trading above EMA 10, 50, 200, higher time frame is also supporting with W1 above 10 EMA, last 2 weekly bars making higher high and higher lows etc etc. Technically, this is kind of setups we should be looking for. Cheers, Okoso {image}

the setup candle was 3 days ago, isn't it?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,795
  • Edited 11:16pm Sep 5, 2017 9:19pm | Edited 11:16pm
Quoting emmanuel7788
{quote} the setup candle was 3 days ago, isn't it?
Hi Emmanuel,

Maybe not. I do not recall exactly why I didn't include this to my weekly trade plan. Probably, USDCAD was looking better and I chose that one. Besides my weekly plan, I also take other trades if there satisfy the rules. I am in my learning phase of trading so I need to take trades as many as possible provided they are within the rules. Most of my recent trades are live, I do not aim 10% monthly return like you, breakeven is my goal during my learning phase, of course anything above that is a bonus.

Looking back now at the Friday candle, my answer is that one was not the setup. Yes, Friday closed above PAC, HA color green, but TDI moderate was not satisfactory, and it closed with long upper wick. Also W1, closed like doji. Obviously, one who took that trade on Monday morning could have made lots of pips, and if that one was a MEME trader, could have made even more pips by building positions during the retrace, yesterday inside bar.

I tried to study and learn from the trade you took on EURNZD at the start of August, and wanted to imitate. I see lots of similarities of the above trade to the one you took on EURNZD.

Thanks for your help.

Okoso
  • #81,796
  • Sep 6, 2017 2:02am Sep 6, 2017 2:02am
Quoting emmanuel7788
{quote} that test results looks the same what I have for single entry single exit. only 3 simple rules using the HA, PAC and TDI, that is how Big E started in 2008. rules are mechanical, so these can be coded in to an expert advisor. my chart below shows all the entry and exit with win/loss in points. {image} overall for 7 months is still profitable in pips. if your trade with ME?ME , the profits will be much more in $$$$money.
Hi Emm,

I did coding this rules into an EA. But the results not very good and it not profitable for every pair. Best pair is EURNZD, then XAUUSD and USDJPY, EURUSD is just OK for this D1 rule.
Can I use this D1 entry signal as H4/H1 ME/ME starting point? Thanks.
I am still reading this thread from 2015. For now, I saw 2 different ME/ME methods. And most of your recent charts is ME/SE. never mind, I am still reading.
  • #81,797
  • Sep 6, 2017 6:22am Sep 6, 2017 6:22am
Quoting chnp
{quote} Hi Emm, I did coding this rules into an EA. But the results not very good and it not profitable for every pair. Best pair is EURNZD, then XAUUSD and USDJPY, EURUSD is just OK for this D1 rule. Can I use this D1 entry signal as H4/H1 ME/ME starting point? Thanks. I am still reading this thread from 2015. For now, I saw 2 different ME/ME methods. And most of your recent charts is ME/SE. never mind, I am still reading.
Hi,

Your test results depends on your coding for the 3 conditions. I suspect you may not have the PAC 'trend' condition correct.

The reason why we started with D1 chart is because Big E tested his entry and exit purely based on TDI cross. We did the same but did not get good results.
Therefore we went back to the original Synergy model where he traded in 2008 till 2010.
See these 2 posts:
https://www.forexfactory.com/showthr...62#post4803962
https://www.forexfactory.com/showthr...93#post4808893

Our test results shows that there were no win rate above 55%.
Most pairs win rates were below 50% but the wins were uch bigger than the losses.

https://www.forexfactory.com/showthr...47#post9748147

We also tested both H4 and H1 but decided that we only trade D1 chart but we only trade with ME/ME because the $money profits are much better with smaller risks.

I am not sure what you see that there are different ME/ME methods. There is only one ME/ME but there are different variations to the lots size , positions distance in pips, position increment, etc. The basic principle of ME/ME is use of technical stop loss, position sizing, position building and average entry price.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,798
  • Sep 6, 2017 6:32am Sep 6, 2017 6:32am
Quoting emmanuel7788
{quote} Trade Report Sep 04: As usual, a very slow Monday, especially after last Friday NFP. Nevertheless, took small profits from GBPCAD and now re-open a new basket. {image}

Trade Report Sep 06, closed trades for first 3 trading days of this new cycle.

EURNZD went into deep retracement yesterday and got 5 open position in one basket. Close an hour ago with 2 losses and 3 wins.

USDCAD closed 2 positions in profits yesterday.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,799
  • Sep 6, 2017 6:45am Sep 6, 2017 6:45am
Quoting emmanuel7788
{quote} Trade Report Sep 06, closed trades for first 3 trading days of this new cycle. EURNZD went into deep retracement yesterday and got 5 open position in one basket. Close an hour ago with 2 losses and 3 wins. USDCAD closed 2 positions in profits yesterday. {image}
Hi,
Can you tell me please, what is the minimum profit you set for each basket?
  • #81,800
  • Sep 6, 2017 7:07am Sep 6, 2017 7:07am
Quoting emmanuel7788
{quote} Hi, Your test results depends on your coding for the 3 conditions. I suspect you may not have the PAC 'trend' condition correct. The reason why we started with D1 chart is because Big E tested his entry and exit purely based on TDI cross. We did the same but did not get good results. Therefore we went back to the original Synergy model where he traded in 2008 till 2010. See these 2 posts: https://www.forexfactory.com/showthr...62#post4803962 https://www.forexfactory.com/showthr...93#post4808893...
When coding PAC trend, I interpret it into "continuously going up for N days" before entry of a long trade. Short trade the opposite. I tested N=2,3,4,5. This coding just for fun and to understand the rules.

I am still reading more here. Thanks again.
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