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Trading Made Simple

  • #91,041
  • Sep 23, 2018 3:56am Sep 23, 2018 3:56am
USDJPY Week 39 Sep 24 to 28

Since Week 37 closed above its 5-Week High PAC that broke out the the range trading and last week 38 was easy decision to buy

With FOMC this week on Wed Sep 26, play the Lotto model with MEME.

Possibly it will test the 2018 Jan Open and High... 113.10 and 113.37

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Weel 39 Sep 24-28 W1.png Size: 49 KB


Trade Safe and Trade with Stop Loss (Cut-Loss)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,042
  • Sep 23, 2018 4:02am Sep 23, 2018 4:02am
Quoting emmanuel7788
Just a few questions
Hello emmanuel7788,

1. The 8 major pairs, plus AUDJPY, AUDNZD, EURNZD, GBPCAD, GBPJPY, NZDCAD, NZDJPY, NZDUSD. I'm new to TMS so I'm just experimenting. I want to get experience looking at as many charts and setups as possible. I'm trading a real micro account and at this point just want to get as many trades as possible under my belt so I can get a better feeling for what works and doesn't work. I'm more experienced trading EAs and analyzing statistics -- TMS forces me to look more closely at the data and this is something I want to get better at.

2. Not sure -- I think it is the same one everyone else is using.

3. For TMS I'm using OANDA. For portfolio EAs I'm using TradersWay. As a US client it is really tough to find a non-US broker who will accept US clients. I need to use a non-US broker when trading portfolio EAs because of FIFO and hedging restrictions imposed on US brokers. When I convert OANDA's server time to local time (PST), then new H4 candles do appear at 10p, 2a, 6a, etc.

4. Don't know.

5. The default EMA was off a little bit -- using a Shift of '2' instead of 3. I just now adjusted that.
  • #91,043
  • Sep 23, 2018 4:20am Sep 23, 2018 4:20am
jmn5611 -- very nice exercise, thank you. You should do this more often...

I liked that you pointed-out a few down-crosses that you avoided because overall the trend was bullish. These also included one down-cross whose angle appeared to be too shallow.

I like that you emphasized the importance of big reversal candles.

You have a couple of "late" markings -- what do those mean? Is it because of candle #3? If so, it looks like candle #2 would have been the first opportunity to enter after the up-crossings.
  • #91,044
  • Sep 23, 2018 5:22am Sep 23, 2018 5:22am
Quoting robots4me
jmn5611 -- very nice exercise, thank you. You should do this more often... I liked that you pointed-out a few down-crosses that you avoided because overall the trend was bullish. These also included one down-cross whose angle appeared to be too shallow. I like that you emphasized the importance of big reversal candles. You have a couple of "late" markings -- what do those mean? Is it because of candle #3? If so, it looks like candle #2 would have been the first opportunity to enter after the up-crossings.
Lates mean the cross came on the third candle. A timely cross with come on the first or second candle. If you enter at the end of third candle you are late to the party. It could still work out, but I won't take those. I just got a new laptop that allows me to annotate charts much more easily, so I will be able to do this more often. Thanks for the feedback.
If you are good at something, never do it for free--Joker
  • #91,045
  • Sep 23, 2018 10:27am Sep 23, 2018 10:27am
Quoting Bardy
{quote} You don’t trade TMS anymore? Why? Was it not profitable?
I don't trade the 4 hour chart much but if I do I pull out a chart with the 5 ema on it..I don't trade as per big E's rules like candle 1 or 2 and exit when tdi hooks up or goes flat and according to his time which is 6 am,10 am and 2 pm UK time. I trade whatever the time is if I see an entry. I am trading lower tf like m15 and m5 mainly. I don't trade like a robot and so will not take a trade even if the robot does and vice versa..I trade to win and not when this or that happens..Here they look for a tdi cross and I don't even use the tdi so not the right person to comment on the profitability of this method..I leave it to the purist and some not so "purist"
the cautious seldom err....C
  • #91,046
  • Sep 23, 2018 10:32am Sep 23, 2018 10:32am
emmanuel7788 -- a question...

I've seen you mention that you'll check the next higher TF to confirm a trend -- e.g. if trading H4 then you'll check D1.

If the goal is to get a bigger picture of how the trend is going, then how is that different than using a trend indicator (e.g. I like using this one: https://www.mql5.com/en/market/product/29423).

The reason I ask is two-fold:
1. I'm lazy.
2. I'm lazy.

I sometimes find that when switching between TF I'll forget and leave it on the higher TF. And, then, when glancing at a chart I'm thinking it's H4 but really it's D1, or vice-versa. If you are simply trying to confirm the overall trend then why not add a trend indicator to the chart that roughly does the same thing as checking the next higher TF? Or, would you say these two approaches are sufficiently different that it is still better to check D1 to get a truer picture of the overall trend? One problem with using D1 that bothers me is that when trading H4 there is a big lag waiting for the next D1 bar -- i.e. the D1 data is a bit stale.
  • #91,047
  • Sep 23, 2018 4:16pm Sep 23, 2018 4:16pm
Quoting robots4me
emmanuel7788 -- a question... I've seen you mention that you'll check the next higher TF to confirm a trend -- e.g. if trading H4 then you'll check D1. If the goal is to get a bigger picture of how the trend is going, then how is that different than using a trend indicator (e.g. I like using this one: https://www.mql5.com/en/market/product/29423). The reason I ask is two-fold: 1. I'm lazy. 2. I'm lazy. I sometimes find that when switching between TF I'll forget and leave it on the higher TF. And, then, when glancing at a chart I'm thinking...
A portion of this can be mitigated by using the five ema. The settings are in the Big E full document. In short the typical price can be a proxy for whether D1 is in a trend or a range. If that is what you are looking for. Or, you could count back six bars on an H4 chart. Or, there is an indicator called Largetimeframe that will superimpose the larger TF on the chart. Finally there is pipware. I think the indicators will be found in the paper clip.
If you are good at something, never do it for free--Joker
  • #91,048
  • Sep 23, 2018 4:53pm Sep 23, 2018 4:53pm
jmn5611 -- Interesting -- thank you. I need to noodle a bit more on this...
  • #91,049
  • Sep 23, 2018 11:56pm Sep 23, 2018 11:56pm
This is why I surf all threads, a lot of the time. Found an indicator for you Robots. It comes from the Extreme TMA thread. It is a generic bars back indi coded for that system. What does that have to do with us here at TMS? You now have an indicator that will allow to visualize at a moments glance the trend based on number of bars back. Too Easy.
If you are good at something, never do it for free--Joker
  • #91,050
  • Sep 24, 2018 1:43am Sep 24, 2018 1:43am
Always the same reasons to enter a trade. Post#647
No need change or add to this method. Rather remove that what you don't need. Less indicators in use will reduce the possibility of conflicting signals.
Don't go for the big run's. Move to BE + spread + small profit when you can. If price hit BE that is OK. Enter again,(check first with #647). If it does not and keep going in the direction of the trade, great. Move BE a few pips more.
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  • #91,051
  • Sep 24, 2018 1:57am Sep 24, 2018 1:57am
Quoting emmanuel7788
USDJPY Week 39 Sep 24 to 28 Since Week 37 closed above its 5-Week High PAC that broke out the the range trading and last week 38 was easy decision to buy With FOMC this week on Wed Sep 26, play the Lotto model with MEME. Possibly it will test the 2018 Jan Open and High... 113.10 and 113.37 {image} Trade Safe and Trade with Stop Loss (Cut-Loss)

Third entry, third newbie mistake. Bought into resistance.
Newbies be warned of emmanuel7788. Hes not true.
  • #91,052
  • Sep 24, 2018 2:23am Sep 24, 2018 2:23am
Quoting Malony
{quote} Third entry, third newbie mistake. Bought into resistance.
You know you are a little shithead. How can you be so cruel. Now you went and spoiled his whole week. What's the bet. I say you are going to get a "floating man"
  • #91,053
  • Sep 24, 2018 2:33am Sep 24, 2018 2:33am
Took UCAD short on the M15 ( strong TDI Green angle 5-6 Clock o.0 ).

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Now while i am writing M15 changed to this...

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  • #91,054
  • Sep 24, 2018 2:36am Sep 24, 2018 2:36am
EUR/USD another good TDI Cross with strong green angle already start hooking over after 3-5 pips...
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  • #91,055
  • Sep 24, 2018 2:39am Sep 24, 2018 2:39am
Quoting Tekkies
{quote} You know you are a little shithead. How can you be so cruel. Now you went and spoiled his whole week. What's the bet. I say you are going to get a "floating man"

Hey, he spoiled his own week since he started posting straight entries. So far his mistake quote is 100%.
Newbies be warned of emmanuel7788. Hes not true.
  • #91,056
  • Sep 24, 2018 2:40am Sep 24, 2018 2:40am
DE30 M15 same...

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  • #91,057
  • Sep 24, 2018 2:49am Sep 24, 2018 2:49am
Quoting lddd
EUR/USD another good TDI Cross with strong green angle already start hooking over after 3-5 pips... {image}
Iddd
Don't enter any trade's. EU is in a consolidation range.

Quoting lddd
DE30 M15 same... {image}
You are late.
Look at M15 angle. H1 green has crossed red as well with angle below 4. If this move does not break free of consolidation (blue line) any entry's are going be short. Good for a few pips.
Rather wait for the candle's / wick's to show you which direction price really want to go.
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  • #91,058
  • Sep 24, 2018 2:56am Sep 24, 2018 2:56am
Quoting Tekkies
{quote} Iddd Don't enter any trade's. EU is in a consolidation range.
Well thatīs mostly the case what it does. What makes you think its in consolidation range? Also how do you predict if itīs coming to an end and how do you be right there in front of the screens once its "okay" to trade to enter promptly on time.
  • #91,059
  • Sep 24, 2018 3:06am Sep 24, 2018 3:06am
Quoting lddd
Took UCAD short on the M15 ( strong TDI Green angle 5-6 Clock o.0 ). {image} {image} Now while i am writing M15 changed to this... {image}


I see you've got a classic Big E template on your charts, presumably trying to go back to the roots of this system. so why are you trying to trade the m15?

Big E did not trade such small timeframes as it is HARDER.

You really don't make things easy for yourself Iddd, ..stop trying to copy tekkies........
  • #91,060
  • Sep 24, 2018 3:10am Sep 24, 2018 3:10am
Quoting lddd
Took UCAD short on the M15 ( strong TDI Green angle 5-6 Clock o.0 ). {image} {image} Now while i am writing M15 changed to this... {image}
Did you check what H1 green is doing before you took that entry on M15
Look how H1 bar's and wick's are. All over the show.
There is no clear direction to trade with.
You are walk into the same trap I walked into last week. Believing you got it right, only to see price move against entry.
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