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Trading Made Simple

  • #81,841
  • Sep 7, 2017 11:21pm Sep 7, 2017 11:21pm
Quoting emmanuel7788
{quote} Trade Report for closed trades Sep 04 to 07. So far this week went week according to trade plan and those pair picked ran well except for AUDJPY and AUDNZD which are slow moving. Nevertheless, good profits for this week and this weekend will review which pairs to trade next week. {image}
Hi Emmanuel,

My chart doesn't look like nice as yours, but still managed to make some good pips on my GBPCAD trade, also USDCAD short worked as per plan. Your comment to my weekly plan was so much confidence boosting.

Thank you,

Okoso
Attached Image (click to enlarge)
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  • #81,842
  • Sep 7, 2017 11:28pm Sep 7, 2017 11:28pm
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}
GBPUSD trade update.

Not much retracement, hence no position building.

Okoso
Attached Image (click to enlarge)
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  • #81,843
  • Sep 7, 2017 11:34pm Sep 7, 2017 11:34pm
Quoting okoso
{quote} Hi Emmanuel, I worked on my BPP over the weekend for next week and possibly September. Below are my picks for my MEME trades. Group-1- USDCAD short, Group-2- EURNZD long, Group-3- GBPCAD short, Group-4- EURJPY long, Group-5- XAUUSD long, What do you think? I wish I could post similar trade report like the one you posted above come end of September. Thanks for your help again. Okoso
My trade on EURJPY.

A trade that I didn't follow my plan and stupidly closed prematurely right on the bottom.

Okoso
Attached Image (click to enlarge)
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  • #81,844
  • Sep 7, 2017 11:40pm Sep 7, 2017 11:40pm
Quoting emmanuel7788
{quote} that post explains how to check the PAC for "trend" direction. you need to know the other 2 conditions 1) the HA candle close above or below the PAC 2) the PAC "trend" 3) the TDI Moderate mode - Green above Red, above Yellow and 50-level for BUY - Green below Red, below Yellow and 50-level for SELL Above these 3 mechanical conditions, the most important is Price Action and Support/Resistance. DO NOT trade when price in in or near a consolidation zone. DO NOT trade against the higher timeframe "trend".
Thanks master
  • #81,845
  • Sep 8, 2017 12:45am Sep 8, 2017 12:45am
Quoting emmanuel7788
DO NOT trade when price in in or near a consolidation zone.
Hello, could you tell how you define consolidation zones?

Thanks.
Do not be afraid to make mistakes, be afraid to repeat them.
  • #81,846
  • Sep 8, 2017 1:16am Sep 8, 2017 1:16am
Quoting JasonDeaN
{quote} Hello, could you tell how you define consolidation zones? Thanks.

Hi,

First, you need to read and learn how our late OP Big E identifies consolidation on his trading charts.

Use forum keyword search "consolidation" and you will have 31 old posts to read.

Next, you post your TMS chart and I will explain another way how I see potential consolidation on our charts.
Attached Image (click to enlarge)
Click to Enlarge Name: FF forum keyword search consolidation.png Size: 138 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,847
  • Sep 8, 2017 1:58am Sep 8, 2017 1:58am
Quoting okoso
{quote} GBPUSD trade update. Not much retracement, hence no position building. Okoso {image}
Hi okoso
My trade is doing very well as well, built 1 more position.
The eurgbp and gbpjyp isn't doing to well in a slight draw down.

Will see how those trades go today

Have a good weekend
Craig
  • #81,848
  • Edited 4:43am Sep 8, 2017 2:58am | Edited 4:43am
Quoting Pipb0y
{quote} How are you defining a re-entry on your initial trade condition? How are you defining your different exits? Or is it more ME/OE?
What you see there is a trade from TMS D1 with Lotto money management, please read all about Lotto money management and view the video you will find in this thread to understand this form of money management. The entries end exits are taken from the EA which we don't share outside our little group. I only choose the imo A+++ Setup and let do the rest through the EA.

regards
  • #81,849
  • Edited 5:47am Sep 8, 2017 5:12am | Edited 5:47am
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 am still doing my little EA on d1. Can you tell me why you didn't take entry the spot I marked? I think this point is qualified for the 3 rules. My EA always makes this entry and gets a loss. Thanks.

Attached Image (click to enlarge)
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  • #81,850
  • Sep 8, 2017 5:37am Sep 8, 2017 5:37am
Quoting emmanuel7788
{quote} when you trade manually, you simply place your stop loss for every trade the normal way. but when you have 2 and more open positions, you use the average entry price of all open positions and place your stop loss using the average entry price. https://www.forexfactory.com/showthr...4#post10098534 use the forum keyword search " average entry price" and read up on this topic.
Sorry, sir. I am not still clear after thinking.

when you start EURNZD basket this week, where you put the SL? See below pic.
Attached Image (click to enlarge)
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Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #81,851
  • Sep 8, 2017 6:31am Sep 8, 2017 6:31am
Quoting Bluesky8635
{quote} Sorry, sir. I am not still clear after thinking. when you start EURNZD basket this week, where you put the SL? See below pic. {image}

the Stop Loss was 305pips from the first open position.

that is the average weekly traded range for 52 weeks, use ATR(52) on weekly chart.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,852
  • Sep 8, 2017 6:34am Sep 8, 2017 6:34am
Quoting chnp
{quote} Hi Emm, I am still doing my little EA on d1. Can you tell me why you didn't take entry the spot I marked? I think this point is qualified for the 3 rules. My EA always makes this entry and gets a loss. Thanks. {image}
you are right.
that should have been one buy trade at that candle.
looking at it again, it should be correct and that trade would have exited by the next candle, at a small loss.

I can re-run that again tomorrow after market close today.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,853
  • Sep 8, 2017 6:48am Sep 8, 2017 6:48am
Quoting Forexrocks
{quote} Hear, hear man. Thanks again for the help. Now I just move on to MT5 recently and wonder if you have any suggestions on where i can find the same style of indicator like late Great E had on MT4. I did able to fetch a tdi indicator that worked out just fine on mt5 , but was not being lucky on track the synergy candle.

Hiu,

here is the correct version of the Synergy_APB for MT5.

Note there is slight difference between Heiken Ashi and the Synergy APB.
the Close price of the Synergy APB is calculated slightly different.
see this H4 chart example below:
Attached Image (click to enlarge)
Click to Enlarge Name: MT5 SynergyAPB vs HeikenAshi.png Size: 38 KB
Attached File(s)
File Type: ex5 Synergy_APB.ex5   11 KB | 663 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,854
  • Sep 8, 2017 7:39am Sep 8, 2017 7:39am
Quoting emmanuel7788
{quote} the Stop Loss was 305pips from the first open position. that is the average weekly traded range for 52 weeks, use ATR(52) on weekly chart.
is it 30.5 pips or 305 points? My ATR(52) = 0.00328; 305 pips are too big.
  • #81,855
  • Sep 8, 2017 7:56am Sep 8, 2017 7:56am
Quoting chnp
{quote} is it 30.5 pips or 305 points? My ATR(52) = 0.00328; 305 pips are too big.
305 pips or 3050 points, that's correct.

maximum risk is 2% no matter is 30.5 pips or 305 pips when you use Position Sizing. But if you use 30.5 pips as Stop Loss, you will lose for sure. I guaurantee you that.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,856
  • Sep 8, 2017 8:03am Sep 8, 2017 8:03am
Quoting emmanuel7788
{quote} 305 pips or 3050 points, that's correct. maximum risk is 2% no matter is 30.5 pips or 305 pips when you use Position Sizing. But if you use 30.5 pips as Stop Loss, you will lose for sure. I guaurantee you that.
thanks. I wrote it down.
  • #81,857
  • Sep 8, 2017 8:12am Sep 8, 2017 8:12am
Picked up a few pips (usdjpy) but the trend I identified continued after the whipsaw (I currently trade with small stops and BEs).
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  • #81,858
  • Sep 8, 2017 8:27am Sep 8, 2017 8:27am
Sorry in advance as it is a rookie question for some, and putting aside Big E's own method, how do you determine that it is time to exit a winning trade?
  • #81,859
  • Sep 8, 2017 11:25am Sep 8, 2017 11:25am
GBPUSD trade
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  • #81,860
  • Sep 8, 2017 11:52am Sep 8, 2017 11:52am
Quoting emmanuel7788
{quote} Hi, First, you need to read and learn how our late OP Big E identifies consolidation on his trading charts. Use forum keyword search "consolidation" and you will have 31 old posts to read. Next, you post your TMS chart and I will explain another way how I see potential consolidation on our charts. {image}
Read all posts and marked some consolidation areas.
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