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(binned per thread starter’s request) Trading Made Simple - Tribu

  • #41
  • Oct 30, 2017 12:17am Oct 30, 2017 12:17am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting TidalSurf
{quote} Yup 3060! LOL Thank you!! :-) *EDITED* 1.3050 actually, I like to giev it another 15-20 pips extra room to breath! Thanks FerruFX** regards, Kenny
MT4/MT5 EAs/Indicators/Alerts coder
  • #42
  • Oct 30, 2017 3:51am Oct 30, 2017 3:51am
I am back! :-)

Decided to continue holding onto GBPUSD until 9PM (GMT+8 malaysia time)

Reasons:
1) TDI is pointing at about 1:30 o'clock.
2) I am LONG at a recent support line (blue horizontal line)
3) HA is still in WHITE color.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 31 KB


Will come back again at 8:50PM and see if I should continue holding this trade OR close it.

Either way, I am going to trade in M30/H1 at 9:00 PM later.

Regards,
Kenny Wong
Trade Different
Multi 3000 All Time Pips: 23,606
  • #43
  • Oct 30, 2017 4:01am Oct 30, 2017 4:01am
Took another entry (LONG) for EURUSD.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4.png Size: 36 KB


Are you following my journal? Tell me why I took the trade :-)

Regards,
Kenny Wong
Trade Different
Multi 3000 All Time Pips: 23,606
  • #44
  • Oct 30, 2017 4:07am Oct 30, 2017 4:07am
I might take this EURJPY trade at 9PM on H4 timeframe..

I will switch to H1 and find entries, if not, M30. If they are trending up, I will enter at 9PM H4 chart.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 100 KB


Nice SUPPORT and nice angle on TDI... How can I possibly resist..

Hopefully by 9PM, TDI is still at the same angle, with nice big HA candle and of course, not to forget about the BLUE stochastic. hehe

Regards,
Kenny Wong
Trade Different
Multi 3000 All Time Pips: 23,606
  • #45
  • Oct 30, 2017 4:11am Oct 30, 2017 4:11am
Be right back at about 8:50PM (Malaysia time) tonight.

Gotta go swim now!

See you guys in a bit! Happy tradin'

Regards,
Kenny Wong
Trade Different
Multi 3000 All Time Pips: 23,606
  • #46
  • Oct 30, 2017 5:59am Oct 30, 2017 5:59am
Quoting TidalSurf
{quote} Hi Kaimot my man, thanks for asking! Trade management as in when do I close my order and how much am I risking? Sure brother, my pleasure! As stated in the previous posts, I will enter the market when TDI is at 12-2 o’clock OR 4-6 o’clock (depends whether I’m LONG or SHORT), stochastic is BLUE, and HA candle is big (white or red color depends I’m long or short). I also look for confluence like previous hi/lo, strong S/R line whenever I trade in H4 charts (1pm-9pm, Malaysia time) My exit rules are fairly easy to follow: If I were to jump...
Well done Kenny! I gained more knowledge after finished reading this post! May God Bless You and Your Family!

Regards,
Brady
  • #47
  • Oct 30, 2017 6:20am Oct 30, 2017 6:20am
This is EXACTLY the type of chart that we don't want to see if we are looking for an entry...!!!

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 65 KB


Straight EMA, straight HA candle... let's see what else is straight.... Oh yes! I M STRAIGHT LOL (ok.. lame joke)

Regards,
Kenny
Trade Different
Multi 3000 All Time Pips: 23,606
  • #48
  • Oct 30, 2017 6:22am Oct 30, 2017 6:22am
Quoting Brady3883
{quote} Well done Kenny! I gained more knowledge after finished reading this post! May God Bless You and Your Family! Regards, Brady
Hey brother,

Like wise, thanks for the kind words and the blessings. I am happy that my post has provided you values! :-)

AMEN!

Best,
Kenny
Trade Different
Multi 3000 All Time Pips: 23,606
  • #49
  • Oct 30, 2017 7:34am Oct 30, 2017 7:34am
Closed:
GBPUSD +32 pips
EURUSD -8 pips

NOTE: GBPUSD above 68 level - I am expecting a SHORT MOVEMENT in H1..

Looking to Enter:
EURUSD H1 SELL
AUDUSD H1 SELL
NZDUSD H1 SELL

The reason I closed GBPUSD was because most of the major pair signals to me that USD will strengthen in the shorter time frame, which I will make an entry later (hopefully it triggers).

I will just wait until 9PM to trade H1/M30...

EURUSD H1 Chart:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 76 KB


AUDUSD H1 Chart:
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 68 KB


NZDUSD H1 Chart:
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH1.png Size: 75 KB


Will keep these pairs within my watch :-)

Regards,
Kenny Wong
Trade Different
Multi 3000 All Time Pips: 23,606
  • #50
  • Oct 30, 2017 7:42am Oct 30, 2017 7:42am
Will not be posting my M30 and H1 trades. However, I will update my results here at 12:30AM Malaysia time.
Reason for not posting is because I will be monitoring my trades when I enter M30 and H1, if the TDI suddenly turns flat,
I will close the order BEFORE the candle even close. If the TDI happens to bounced off the red TDI, I will re-enter again. :-)

Regards,
Kenny Wong

Going to trade US Open soon! 9PM-12AM. See y'all soon. Will report my results hehe.
Trade Different
Multi 3000 All Time Pips: 23,606
  • #51
  • Oct 30, 2017 12:19pm Oct 30, 2017 12:19pm
Quoting TidalSurf
Will not be posting my M30 and H1 trades. However, I will update my results here at 12:30AM Malaysia time. Reason for not posting is because I will be monitoring my trades when I enter M30 and H1, if the TDI suddenly turns flat, I will close the order BEFORE the candle even close. If the TDI happens to bounced off the red TDI, I will re-enter again. :-) Regards, Kenny Wong Going to trade US Open soon! 9PM-12AM. See y'all soon. Will report my results hehe.
Im on mobile phone now, hehe laptop ran out of battery! Will update tomorrow with charts. :-)

overall, tonight was a green green night for mehhh! I started out bagging PIPS on EURJPY and EURUSD. I was up for about +48 pips in total. The last trade I took was GBPUSD. Which cost me about -18 pips.

Total, +48-18 = +30pips for today! :-)
30 pips is not a lot, but hey... why not... hehehe

I gotta call it a night! Soooo sleepy, it is 1:17AM now!

Im holding a long term trade (D1, USDJPY). I have backtested the system and it works BETTER in larger timeframe! I will update this with a chart tomorrow too heheheh...

Goodnight y’all wonderful people!!!

regards
Kenny Wong
Trade Different
Multi 3000 All Time Pips: 23,606
  • #52
  • Oct 30, 2017 12:24pm Oct 30, 2017 12:24pm
Yes please more posts green pips. On you winning trades what win and lose raitio was you able to have ?

Thank You.

Best regards
  • #53
  • Oct 30, 2017 9:18pm Oct 30, 2017 9:18pm
Quoting jgadefelth
Yes please more posts green pips. On you winning trades what win and lose raitio was you able to have ? Thank You. Best regards
Hey jgadefelth my man,

I currently have about 70% winning rate hehe.

Regards,
Kenny

-----------------------------------------------------------


Here are the trades I took last night:

Yellow vertical line = Entry
Red vertical line = Exit

EURUSD M30 trade: closed on the next candle as soon as the TDI makes a "checkmark". Took about 21 pips here hehe
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 72 KB


EURJPY H1 trade: closed on the next candle as soon as the TDI goes FLAT (while market is moving).
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 69 KB


GBPUSD M30 trade: closed upon TDI making a "check mark". loss about 19 pips here.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 81 KB


Overall, yesterday I bagged 54 pips (including the H4 trades at 1PM haha)

Regards,
Kenny Wong
Trade Different
Multi 3000 All Time Pips: 23,606
  • #54
  • Oct 30, 2017 9:22pm Oct 30, 2017 9:22pm
I mentioned I took a "longer" term trade yesterday on USDJPY yes? Check out the chart below, and follow by an explanation of why I took the trade! :-)

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 32 KB


Notice the strong resistance (blue horizontal line)
Look at the angle of TDI... Pointing 4-6 o'clock's direction.
TDI is at/near 68 level
Stochastic is blue...
Big RED HA candle

My backtest results tell me it works BEST on D1 and W1 chart. I am confident in this SHORT entry <3

I love this kind of trade haha.
Trade Different
Multi 3000 All Time Pips: 23,606
  • #55
  • Oct 30, 2017 11:03pm Oct 30, 2017 11:03pm
Quoting TidalSurf
{quote} Hey jgadefelth my man, I currently have about 70% winning rate hehe. Regards, Kenny ----------------------------------------------------------- Here are the trades I took last night: Yellow vertical line = Entry Red vertical line = Exit EURUSD M30 trade: closed on the next candle as soon as the TDI makes a "checkmark". Took about 21 pips here hehe {image} EURJPY H1 trade: closed on the next candle as soon as the TDI goes FLAT (while market is moving). {image} GBPUSD M30 trade: closed upon TDI making a "check mark". loss about 19 pips here....

That is great winratio . For this 70 % How big winnings to / losers was you able to maintain for the whole trade ? Example if you at first hade a trade with a stop of 30 pips and a target of 60 pips. Was you able to maintain this win lose ratio of 2 for most of the trades and thrue the whole trade meaning you did not close the trade premature for example if you had stop at 30 pips and target 60 was you able to hold to 60 pips where your target was or did you close for lesser profit ?

Thank You And more green trades today please


Best regards
  • #56
  • Oct 30, 2017 11:15pm Oct 30, 2017 11:15pm
Quoting jgadefelth
{quote} That is great winratio . For this 70 % How big winnings to / losers was you able to maintain for the whole trade ? Example if you at first hade a trade with a stop of 30 pips and a target of 60 pips. Was you able to maintain this win lose ratio of 2 for most of the trades and thrue the whole trade meaning you did not close the trade premature for example if you had stop at 30 pips and target 60 was you able to hold to 60 pips where your target was or did you close for lesser profit ? Thank You And more green trades today please ...
Hey man,

Thanks for the question! :-)

As mentioned here in post #37 (https://www.forexfactory.com/showthread.php?p=10438924#post10438924), I don't put any SL or TP when I am trading during US open, I monitor the chart and see if TDI is flat. I only set SL & TP for trades that I took on H4 and higher timeframe. When I am trading H4 (GMT+8 1PM until 9PM Malaysia time), I seldom have my trade taken out by SL OR TP. The market usually just dance within the SL/TP channel lol. The reason I set SL/TP is to protect my account (just incase, you never know hehe)

But yes, 70% (plus minus) is the average win ratio.

Best,
Kenny
Trade Different
Multi 3000 All Time Pips: 23,606
  • #57
  • Oct 30, 2017 11:18pm Oct 30, 2017 11:18pm
Very quiet today... I am looking at NZDUSD H4

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH4.png Size: 73 KB


Not gonna make any entry as of now.

Reason being:
1. TDI is near level 32
2. Candle is near to the previous week's low.

I might come back later at 5PM (malaysia time) and see if I can make any nice profit out of this!

Will place a LONG position, IF TDI bounced off the red TDI at 5PM

Regards,
Kenny Wong
Trade Different
Multi 3000 All Time Pips: 23,606
  • #58
  • Oct 31, 2017 12:06am Oct 31, 2017 12:06am
Quoting TidalSurf
{quote} Hey man, Thanks for the question! :-) As mentioned here in post #37 (https://www.forexfactory.com/showthread.php?p=10438924#post10438924), I don't put any SL or TP when I am trading during US open, I monitor the chart and see if TDI is flat. I only set SL & TP for trades that I took on H4 and higher timeframe. When I am trading H4 (GMT+8 1PM until 9PM Malaysia time), I seldom have my trade taken out by SL OR TP. The market usually just dance within the SL/TP channel lol. The reason I set SL/TP is to protect my account (just incase,...
Another good day Kenny! How are you doing today? 70% win rate is tremendously high! As I have to practice a lot before I jump into LIVE account...

Kenny, do you set a target for a day? I mean like +50 pips a day, then you will shut down your laptop and wait for the next day!

Share your thoughts on this.. =)

Regards,
Brady
  • #59
  • Edited 12:52am Oct 31, 2017 12:27am | Edited 12:52am
Quoting Brady3883
{quote} Another good day Kenny! How are you doing today? 70% win rate is tremendously high! As I have to practice a lot before I jump into LIVE account... Kenny, do you set a target for a day? I mean like +50 pips a day, then you will shut down your laptop and wait for the next day! Share your thoughts on this.. =) Regards, Brady
Great question.

I set a daily target of 50 pips. :-)
Sometimes, if I see the trade is a perfect entry, I will jump in right away.

By perfect entry, I mean :
1. If I were to SHORT, TDI must be above Level 68 with the direction pointing at 6 o'clock (sharp drop)
2. Big red HA candle
3. blue stochastic.
4. far from support lines.

My advice to you and other people that wants to use eelfranz's method to backtest. You will gain confidence that way.

I am actually looking to boost my daily target to 100 pips hehe, seeing that I am able to maintain at least 50 pips everyday (sometimes even 150+ pips lol)

Anyway, thanks for your question. Great question as always.

Regards,
Kenny Wong

See you guys later 5PM (malaysia time), if I am able to come home in-time lol. Have a lot to do today! :-)
Trade Different
Multi 3000 All Time Pips: 23,606
  • #60
  • Oct 31, 2017 12:28am Oct 31, 2017 12:28am
50 pips might sound little to the others, but imagine trading 1 standard lot per pip - that is equivalent to $500 per day brother.

Keep hustling, keep backtesting. You will gain confident :-)

Regards
Trade Different
Multi 3000 All Time Pips: 23,606
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