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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #83,881
  • Dec 4, 2017 3:07pm Dec 4, 2017 3:07pm
Quoting ReverseFlash
{quote} Nice editing of your posts ( not a liar eh? ) You do clearly have a comprehension disorder That google search only meant, anyone can take a screenshot and pretend to be succesful. I thought my fan to be smarter
Now you are making excuse!
How pathetic!!
  • #83,882
  • Edited 8:54pm Dec 4, 2017 3:10pm | Edited 8:54pm
Quoting Tekkies
{quote} Now you are making excuse! How pathetic!!
So, you run out of arguments


Edit: After my fan's breakdown, I think there's nothing more to say, unless he'll post as samanfx...
  • #83,883
  • Dec 4, 2017 3:27pm Dec 4, 2017 3:27pm
Quoting ReverseFlash
{quote} So, you run out of arguments
What is there to argue about? All your post's so far is about your obsessive fixation for Tekkies. Keep posting Flash
  • #83,884
  • Dec 4, 2017 4:47pm Dec 4, 2017 4:47pm
Quoting strat
Hidden
Sorry about that strat, but early in the thread you did not correct me when I said you designed pipware. Pipware was done by stratman. I presumed he was you.
If you are good at something, never do it for free--Joker
  • #83,885
  • Dec 4, 2017 5:32pm Dec 4, 2017 5:32pm
Quoting jmn5611
{quote} Sorry about that strat, but early in the thread you did not correct me when I said you designed pipware. Pipware was done by stratman. I presumed he was you.
Don't presume you are right when one keeps quiet..Only people with big egos think they are right, just like you said I destroy the thread that I post in everyday because I don't use arrows....open your eyes and see whose template is posted on the 1st page..the only reason I haven't opened a thread is due to my lack of computing knowledge and nothing else...I gave you a warning when you posted with pivots on Strat's thread, otherwise you would be barred from the thread by now..I was doing you a favour and you don't know it
the cautious seldom err....C
  • #83,886
  • Dec 4, 2017 5:42pm Dec 4, 2017 5:42pm
Quoting pips29
{quote} Don't presume you are right when one keeps quiet..Only people with big egos think they are right, just like you said I destroy the thread that I post in everyday because I don't use arrows....open your eyes and see whose template is posted on the 1st page..the only reason I haven't opened a thread is due to my lack of computing knowledge and nothing else...I gave you a warning when you posted with pivots on Strat's thread, otherwise you would be barred from the thread by now..I was doing you a favour and you don't know[/highlight]...
He is teaching people like you Price Action. I have known this for years. This information is only new to people who do not study the markets. In fact, he left out a couple of patterns.
If you are good at something, never do it for free--Joker
  • #83,887
  • Dec 4, 2017 6:09pm Dec 4, 2017 6:09pm
Quoting jmn5611
{quote} He is teaching people like you Price Action. I have known this for years. This information is only new to people who do not study the markets. In fact, he left out a couple of patterns.
Yes, he doesn't trade candle patterns per se but more of what candles were doing before rather than how the candles formed..He's trading the waves of candles movement with a "retrace and push" method..I understand this method very well as my trading is also based somewhat like his...I don't know how to explain well but I fully understand his trading..
the cautious seldom err....C
  • #83,888
  • Dec 4, 2017 8:36pm Dec 4, 2017 8:36pm
Quoting nigpig
{quote} Yes it is simple and easy to do. Thanks again Emmanuel for your knowledge and expertise!
There are many more simple ideas in trade management and risk management.

There are many Risk Management ideas which I learned from other traders. It was in one system development workshop many years ago and we were group in small groups to do exercises in breakout sessions. One of the breakout session was for every group to work on risk management ideas.
That session title "Cut Loses Short" was for every members to list down as many ideas as possible and with written rules on what can be done in live trading environment to implement the "Cut Losses Short" when trading.

One of the idea which I also adopted in my trade manager EA is ... CutLoss at % of ADR.
You know that I use 2 x ADR for trades Stop Loss and also % Risk with Position Sizing.

Below is an example what a CutLoss at 50% ADR can do to prevent large losses in case the market makes a big move and you are caught in the wrong direction.
This CutLoss 50% ADR should only come in effect when you have the maximum 5 positions in one basket open. Traders can choose any % amount for the CutLoss but they must be aware of the market condition and market type which can change anytime. I do this when there is key events / news like NFP, FOMC, etc. We can never tell what the market reaction would be and the volatility, hence this CutLoss %adr is a good risk management. If the move is in our favour, we may hit the big one when we trade with the Lotto model.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,889
  • Dec 4, 2017 8:45pm Dec 4, 2017 8:45pm
Quoting emmanuel7788
{quote} GBPUSD Week 49 Dec 04 trades examples done today, so far +113 pips from 3 positions. Open first position at the level where last week Close. Add 2nd position at minimum order distance 25 pips but wait for M5 setup. Take profit 50 pps from average entry price of 2 positions, then re-entry. 3rd position took profit +50 pips and now re-entry with 4th position. {image}

GBPUSD Dec 05 ..

check my trades once a day, ... Caution ....

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,890
  • Dec 4, 2017 9:08pm Dec 4, 2017 9:08pm
Quoting eelfranz
... pigwiddeon 2065 - Proper entry would have been on candle #1. On candle #2 if you would have exited at a 12-15 pip pullback... you would have been in profit... ...

Hey Folks,

<On candle #2 if you would have exited at a 12-15 pip pullback...>

I have struggling how to code this Exit at 12 to 15 pips pullback into my trade manager EA ...

I know the THV CaveManager can do this to some extent but it does not open trades.

I have got Big E H4 Entry on candle#2 done and tested 100% working.

If anyone has an idea, please share it here and we can work on together to achieve a 100% auto-trading by Big E expert advisor in 2018.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,891
  • Dec 4, 2017 9:12pm Dec 4, 2017 9:12pm
Quoting eelfranz
Entered this E/U trade last night on the weekly time frame... put the SL at the top of the previous candle... about 150 pips away... won't see the next candle until next week... already in profit... see the nice 5 o'clock green TDI line with Stoch's confirmation... {image}

If anyone has problem with 150 pips as Stop Loss, you should read this Big E' post linked above.

Pick the TDI with the steepest slope was his hint.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,892
  • Dec 4, 2017 10:14pm Dec 4, 2017 10:14pm
Quoting strat
Hidden
Americans do not use the word "wanker" as a general rule, but New Zealanders do. BTW, very nice rock guitar! Stratman like them as well.

Quoting pips29
{quote} Yes, he doesn't trade candle patterns per se but more of what candles were doing before rather than how the candles formed..He's trading the waves of candles movement with a "retrace and push" method..I understand this method very well as my trading is also based somewhat like his...I don't know how to explain well but I fully understand his trading..
It's called Dow Theory. Interesting read. Google Charles Dow to learn more.
If you are good at something, never do it for free--Joker
  • #83,893
  • Dec 5, 2017 1:57am Dec 5, 2017 1:57am
Quoting jmn5611
{quote} Americans do not use the word "wanker" as a general rule, but New Zealanders do.

Guilty as charged!! The term just seems to fit some people like a glove.....there's one or two in this very thread that are a case in point!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #83,894
  • Dec 5, 2017 2:41am Dec 5, 2017 2:41am
Quoting ReverseFlash
{quote} So, you run out of arguments Edit: After my fan's breakdown, I think there's nothing more to say, unless he'll post as samanfx...
How lame!
Edit a post 6 hour's after the fact.

Now that edited post confirm the suspicion:
ReverseFlash you have a serious case of obsessive fixation (COD) for Tekkies.

Keep on posting Flash. The web of deception you have waved for me has snared you
  • #83,895
  • Edited 7:24am Dec 5, 2017 3:12am | Edited 7:24am
Quoting ReverseFlash
{quote} So, you run out of arguments Edit: After my fan's breakdown, I think there's nothing more to say, unless he'll post as samanfx...
samanfx posting as per request ReverseFlash.

Need you to join the NON-existing Renko Signal Service Club (RSSC).
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edit: Flash found this on Tekkies's computer. Hope you don't mind. Used copy and pasted. Felt the need to complement the previous image you found on the internet
edit 1: Added to the previous image Flash to show you how / when ME/SE is used.
Attached Image (click to enlarge)
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edit 2: Offer expires in 3, 2, 1........ Open position closed
Attached Image
  • #83,896
  • Dec 5, 2017 5:40am Dec 5, 2017 5:40am
Quoting emmanuel7788
{quote} Hey Folks, <On candle #2 if you would have exited at a 12-15 pip pullback...> I have struggling how to code this Exit at 12 to 15 pips pullback into my trade manager EA ... I know the THV CaveManager can do this to some extent but it does not open trades. I have got Big E H4 Entry on candle#2 done and tested 100% working. If anyone has an idea, please share it here and we can work on together to achieve a 100% auto-trading by Big E expert advisor in 2018.
You could have a time test so that within N mins of first entry, if price moves against by P pips then close the trade automatically and disallow re-entry. I will add this to my manager and test.
  • #83,897
  • Edited 8:06am Dec 5, 2017 7:35am | Edited 8:06am
Quoting nigpig
This is run with the same entry conditions as Emm's EJ example above. How does one avoid the entry on 18 Oct which resulted in SL hit? Or just one of the few runs that end in loss. {image}
Just ran this AUDNZD back test with the new rule in place to exit a trade early if it moves against by 120pts in 500 mins from first entry. Only a single test but it made a difference by exiting on the 18 Oct on the pull back, only to renter correctly shortly after. Turned a loss into a profit.

Attached Image (click to enlarge)
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Showing exit at 12 pips within the first 500 mins from start of the bag of trades.
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  • #83,898
  • Dec 5, 2017 6:11pm Dec 5, 2017 6:11pm
Quoting nigpig
{quote} Just ran this AUDNZD back test with the new rule in place to exit a trade early if it moves against by 120pts in 500 mins from first entry. Only a single test but it made a difference by exiting on the 18 Oct on the pull back, only to renter correctly shortly after. Turned a loss into a profit. {image} Showing exit at 12 pips within the first 500 mins from start of the bag of trades. {image}
Quoting nigpig
{quote} You could have a time test so that within N mins of first entry, if price moves against by P pips then close the trade automatically and disallow re-entry. I will add this to my manager and test.
Very good idea.

Good job with that back-test.

Thanks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,899
  • Dec 5, 2017 6:45pm Dec 5, 2017 6:45pm
hello fellow traders, i have been trying out a price action trading strategy for about an year. attached is the summary. can you let me know what you think? thanks in advance.

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  • #83,900
  • Dec 5, 2017 6:52pm Dec 5, 2017 6:52pm
Hey Folks,

It that time of the year when many people have their year end holiday from work and spend some time in public forums.
Just to pick on recent hot topics on trend trading and trading reversals.

As I learned, the OP eelfranz aka Big E was an aggressive reversal trader on H4. But he knew what he was doing and the amount of risk he took in every trade.

short phrases are dangerous when they are not put in proper order.

"Follow the established primary trend, wait for the retracements/corrections/pullbacks/etc. which are the Intermediate and Short-term trends, then trade the reversal in these Intermediate and Short-term trends which bring you back into the established primary Trend. "

Attached Image (click to enlarge)
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The art of trading is how you see the trends on your trading charts. This is one of the ten (10) skills which technical traders must develop and must have in them.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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