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Trading Made Simple

  • #95,241
  • Apr 11, 2019 6:47pm Apr 11, 2019 6:47pm
Quoting akizama
Hey guys can someone please explain to me exits as I’ve been demons this for some time.im totally perfect at making entries but it’s to a point marketing start eating at the profits. I noticed it’s to late by the time the green makes a “check mark” or arch that it’s a goner. On 4h chart I would appreciate it if someone can give clear entries and exciting strategies that would save a winner trade into a loser... thanks again! I love this system

first, you must learn and understand why the OP use the TDI Red Green version Post#25 for his entry and exit (single trade entry and single exit).

he did not always follow his own rule for TDI exit. Why?

that TDI exit rule causes confusion for new traders.

  1. to every rule, there are exceptions.
  2. rules can be broken, but only for those who have mastered the method.
  3. rules are meant to be broken. (this one got me into lots of trouble with my school headmaster during my school days)


study Post#7612 ... WHEN to Exit...confusion!
https://www.forexfactory.com/showthr...42#post4765242

another exception to that rule is the price pull back, but use this when you are monitoring your trade actively.
I call that Exit rule Post#557
https://www.forexfactory.com/showthr...34#post4580234

I have my own exception when I swing trade i.e. I use the R-Multiple trade management for my exit strategy. This work the better when there are swings of 3 to 8 candles and even better when there is trend breakouts.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,242
  • Apr 11, 2019 7:11pm Apr 11, 2019 7:11pm
Thanks for your reply!
Big E states also that if you monitor green line closely when green line is like a worm you can stay in until it actually crosses over the red again? So enter cross exit cross? Seems like a good method .. I’m up by 300+ pips on three trades but not close to exiting from green crossing back to red

Quoting emmanuel7788
{quote} first, you must learn and understand why the OP use the TDI Red Green version Post#25 for his entry and exit (single trade entry and single exit). he did not always follow his own rule for TDI exit. Why? that TDI exit rule causes confusion for new traders. to every rule, there are exceptions. rules can be broken, but only for those who have mastered the method. rules are meant to be broken. (this one got me into lots of trouble with my school headmaster during my school days) study Post#7612...
  • #95,243
  • Apr 11, 2019 7:31pm Apr 11, 2019 7:31pm
Quoting akizama
Thanks for your reply! Big E states also that if you monitor green line closely when green line is like a worm you can stay in until it actually crosses over the red again? So enter cross exit cross? Seems like a good method .. I’m up by 300+ pips on three trades but not close to exiting from green crossing back to red {quote}
be very careful with that Post#7612,

that green line in that post chart is not what we would see in live market when we use the TDI Red Green version Post#25. The 'like a worm' nonsense here.

that Post#7612 rule only apply using the TDI Realtime version.

TDI Realtime version download [here].

*** Important to note ***

The rules for TDI Red Green(post#25) are different for the TDI Realtime.

And the rules are also different when you use the Synergy_TDI_Pro version.

Also, there are other Exit strategy.

for example,

CaveMan has his Trail_By_Previous_Candle-High/Low when using THV CaveManager trade manager.

SteveHopwood has his Jumping StopLoss in his MPTM trade manager.

more .../

*** the exit when cross in opposite direction is no good, why? you lose too much in volatile condition. Use SMART Exit like Profit Lock so that you do not give back more than 50% what the market gave you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,244
  • Apr 11, 2019 7:57pm Apr 11, 2019 7:57pm
I see the TDI I’m using is from the first post. Now sorry for so much question. You mention smart exit and profit lock.. you mean setting a TP? Also which is best method for SL and TP I noticed Big e mentioned for example SL 50 TP 50 ...
there so many ways to go about this exit for me this is most important.

Quoting emmanuel7788
{quote} be very careful with that Post#7612, that green line in that post chart is not what we would see in live market when we use the TDI Red Green version Post#25. The 'like a worm' nonsense here. that Post#7612 rule only apply using the TDI Realtime version. TDI Realtime version download [here]....
  • #95,245
  • Apr 12, 2019 3:50am Apr 12, 2019 3:50am
Quoting akizama
I see the TDI I’m using is from the first post. Now sorry for so much question. You mention smart exit and profit lock.. you mean setting a TP? Also which is best method for SL and TP I noticed Big e mentioned for example SL 50 TP 50 ... there so many ways to go about this exit for me this is most important. {quote}

Hi akizama,

no worries about asking questions in this thread. I have been here for 7 years and I am here to help you learn from my experience and hope it will shorten the learning curve for others reading this thread.

we must always set our SLs and TPs for every trade position.

do not simply use SL 50 pips. it depends on the volatility of the currency pair and the timeframe you trade.
The OP mentioned many times how he use the last swing high or swing low for his SL or a few candles back. Example in his Post#53
<>
I hate S/l trading. The safest way is to place your S/L at the last hi or low a couple of candles back... I've never had one taken out that way...
<>

your initial SL is important which you should use to calculate your trade lot size ... Position Size.

profit Lock is when you trade with multiple entries like my EURUSD D1 chart swing trades which I post this week.

below is my trade report update just few minutes ago,

with floating profits of $2297, I have locked in 50% of that amount and if the market retraces now to half of that amount, I'll close all positions.

otherwise, I will keep this batch of trades running until NY session open and close all... take what the market give me today.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 15 Apr 12 D1 trade report 12-04-2019 16-33-46.png Size: 59 KB


take note of the TDI in the above chart, the TDI Green is still showing point down while today' price is bullish.
the TDI Red Green Post#25 is lagging the live market price action and it will only update when today D1 candle close.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,246
  • Apr 12, 2019 6:17am Apr 12, 2019 6:17am
Today's trade... going well... for a now..
Attached Image (click to enlarge)
Click to Enlarge Name: SmartSelect_20190412-141631_MetaTrader 5.jpg Size: 361 KB
  • #95,247
  • Apr 12, 2019 8:40am Apr 12, 2019 8:40am
I see thanks so much! Profit lock is when you take your SL and move it where you are in profit so it’s guaranteed profit lock? Also has anyone used ATR for SL and TP. Because for me on 4h chart by the time the market closes a candle it will then begin to hook as it’s not in real-time should I download the real-time tdi? As the green line doesn’t move unless candle closes it then moves and creates a “ check mark “ that’s what I’ve realize on 4h chart.

Quoting emmanuel7788
{quote} Hi akizama, no worries about asking questions in this thread. I have been here for 7 years and I am here to help you learn from my experience and hope it will shorten the learning curve for others reading this thread. we must always set our SLs and TPs for every trade position. do not simply use SL 50 pips. it depends on the volatility of the currency pair and the timeframe you trade. The OP mentioned many times how he use the last swing high or swing low for his SL or a few candles back. Example in his Post#53...
  • #95,248
  • Apr 12, 2019 10:04am Apr 12, 2019 10:04am
Quoting emmanuel7788
{quote} DE30 Apr 02, M15 Frankfurt Open No need for M15 TDI crossover. Win rate about 45% is good enough for R:R 1:1.5. Follow PA example, that was a H1 BEOB candle and M15 breakout. {image} but now is the LO candle and its the danger hour.
Could you please share hi/lo htf candle indi? Thx
  • #95,249
  • Apr 12, 2019 2:58pm Apr 12, 2019 2:58pm
Hi emmanuel7788 Can you hare your template and your basic methods of entry and exit? What do you look for etc.. This way it would allow to modify what best suits there style mm etc.
  • #95,250
  • Apr 12, 2019 7:29pm Apr 12, 2019 7:29pm
Quoting akizama
Hi emmanuel7788 Can you hare your template and your basic methods of entry and exit? What do you look for etc.. This way it would allow to modify what best suits there style mm etc.

Hi akizama,

which chart template in my posts do you want to have?

I do have many templates going far back 15 years to the time when I was trading the COWABUNGA system.

like the OP Big E, I do check other templates to look for the best trade opportunities and not just when I doubt the TDI setups.

<>
When you see a TDI cross that doesn't look good... start checking other timeframes for the trade... look at other templates at different timeframes... do a thorough investigation before entering any trade. If you do this faithfully your win rate will increase dramatically... If its not quite ready put it on a watch list and go back and check it every 5,15 or 30 minutes...
<>
Post#2846

<>
The last two templates:
Good on any timeframe
I run thru the charts I trade with the 21/233 template. If I don't see any set ups I want to trade then I go through the same charts with the other template. I check all timeframes looking for a solid trade where I have the edge... I like to trade the first couple of hours of any market open...
<>
Post#2643


have a good weekend,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,251
  • Apr 12, 2019 8:14pm Apr 12, 2019 8:14pm
Quoting bodal
{quote} ok , thank you , I wait. By the way , I read this thread every morning from 2013 , I think.

Hi bodal.

very good that you have been reading this thread since 2013.

you must have suffered information overload many times since then. How did you deal with that?

to create your own CashFlow model, you must first learn the two - Lotto model and Insurance model, how they work as explained in that video.
the next step is develop your Money Management strategy for a business plan of 36 months. you can start the 36 months at anytime, but most people tend to use the calendar year - January to Dec. Many businesses start in April as their fiscal year.

the next step is to do the Big Picture Planning BPP like what I have shared and explained in this thread. Do your top down analysis of the currency pairs you want to trade. I have 20 pairs in my currency watchlist but I trade only maximum 5 pairs concurrently at any one time.
doing the BPP will help you identify the market type conditions in which you will trade. In keeping it simple, we only have 3 market types for TMS forex trading and not 9 to 12 market types which some well know trading coach has done for the stock markets. I will post example with current realtime market doing BPP and the Market Type conditions in the coming weeks.

then the next step is your trade plan trading TMS 5-Method swing trading with Multiple Entries / Multiple Exits MEME. We shall be looking at short term swing trading on H4 chart and also medium term swing trading on D1 and W1 charts.

in the meantime, go back to your notes which you have taken down when you read my posts from 2015 to 2017..(3 years).



below is an example of EURUSD swing trades done this week 15 Apr 08 to 12 (5 trading days).
I closed all trades just before NY open yesterday and did not want to have any open trades over the weekend.
you can backtrack these EURUSD posts and learn from the time the trades were started last week.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 15 Apr 12 trades closed before NYO 13-04-2019 09-09-45.png Size: 51 KB


the previous posts updates below, you can follow each post and comment:

https://www.forexfactory.com/showthr...6#post12220096

https://www.forexfactory.com/showthr...9#post12216529

https://www.forexfactory.com/showthr...1#post12207721

more/...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,252
  • Apr 13, 2019 10:47am Apr 13, 2019 10:47am
Hi Emmanuel,

Using this method when you stack your trades what confluence do you look for knowing it’s volume strong enough to carry those trades in profit and not close...

also what is the 5 method as I’ve been trying to catch up on this thread also there are videos? I’m not aware of hah

Quoting emmanuel7788
{quote} Hi bodal. very good that you have been reading this thread since 2013. you must have suffered information overload many times since then. How did you deal with that? to create your own CashFlow model, you must first learn the two - Lotto model and Insurance model, how they work as explained in that video. the next step is develop your Money Management strategy for a business plan of 36 months. you can start the 36 months at anytime, but most people tend to use the calendar year - January to Dec. Many businesses start in April as their fiscal...
  • #95,253
  • Apr 13, 2019 2:57pm Apr 13, 2019 2:57pm
Quoting emmanuel7788
{quote} DE30 Apr 02, M15 Frankfurt Open No need for M15 TDI crossover. Win rate about 45% is good enough for R:R 1:1.5. Follow PA example, that was a H1 BEOB candle and M15 breakout. {image} but now is the LO candle and its the danger hour.
Hi Emmanuel,
Could you please share hi/lo htf candle indi? Thx
  • #95,254
  • Apr 13, 2019 7:09pm Apr 13, 2019 7:09pm
Quoting akizama
Hi Emmanuel, Using this method when you stack your trades what confluence do you look for knowing it’s volume strong enough to carry those trades in profit and not close... also what is the 5 method as I’ve been trying to catch up on this thread also there are videos? I’m not aware of hah {quote}
Hi akizama,

before I answer your post, do some research and study on these topics:

Average UP and Average DOWN:

https://www.investopedia.com/terms/a/averageup.asp

https://www.investopedia.com/terms/a/averagedown.asp

Scaling-In / Scaling-Out Trading:

https://www.babypips.com/learn/forex/what-is-scaling

some traders do not like the idea of averaging down. they see it as adding to losing trades. these are traders who often trade with single entry/single exit SE/SE, i.e. one entry with two exits, first exit is their Stop Loss, their second exit is their Take Profit.

I prefer to trade with average entry price with several entries. that is one of the reason why I use the Average Price Bar APB aka HA candles in the higher timeframes.
I trade with Money Management strategy a %Risk and Positions Sizing strategy, and manage my trade basket using its average entry price.

rest of your questions I shall reply later today,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,255
  • Apr 14, 2019 3:14am Apr 14, 2019 3:14am
Quoting akizama
Hi Emmanuel, Using this method when you stack your trades what confluence do you look for knowing it’s volume strong enough to carry those trades in profit and not close... also what is the 5 method as I’ve been trying to catch up on this thread also there are videos? I’m not aware of hah {quote}
The history of this thread title Trading Made Simple, read Post#110.

If you read the old thread you will know how this new thread got its name.

Important thing to do is to read all the OP's posts here in Forex factory and learn from hi trading journey.

This recent Post#95,150 is a good starting point reference.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,256
  • Apr 14, 2019 6:38pm Apr 14, 2019 6:38pm
AUDJPY Week 16 Apr 15 H1 Sydney/Tokyo sessions

SYD_2H high-low trade opportunity,

WAIT... look for price momentum...catch the momentum ...#54

In about 27 minutes we will know if there is a setup for Buy.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Apr 15 H1 SYD_2H.png Size: 26 KB


R:R 1:1
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,257
  • Apr 14, 2019 8:20pm Apr 14, 2019 8:20pm
Quoting emmanuel7788
AUDJPY Week 16 Apr 15 H1 Sydney/Tokyo sessions SYD_2H high-low trade opportunity, WAIT... look for price momentum...catch the momentum ...#54 In about 27 minutes we will know if there is a setup for Buy. {image} R:R 1:1

AUDJPY Apr 15 H1 SYD_2H SELL

there are no buy setup price action but instead when Tokyo open, we have a sell setup.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Apr 15 H1 Sell 15-04-2019 09-12-12.png Size: 46 KB


MOMENTUM is the keyword..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,258
  • Apr 15, 2019 8:40am Apr 15, 2019 8:40am
Today's entry...
Attached Image (click to enlarge)
Click to Enlarge Name: SmartSelect_20190415-163929_MetaTrader 5.jpg Size: 357 KB
  • #95,259
  • Apr 15, 2019 10:17am Apr 15, 2019 10:17am
Thanks so much for that information I’m studying and reading all threads by OP Big E question what TDI indicator is that you have? And for that 1Hr sell trade what do you look for as in take profit whin your currently profitable?

Thanks!

Quoting emmanuel7788
{quote} AUDJPY Apr 15 H1 SYD_2H SELL there are no buy setup price action but instead when Tokyo open, we have a sell setup. {image} MOMENTUM is the keyword..
  • #95,260
  • Edited 11:45am Apr 15, 2019 10:29am | Edited 11:45am
Hi @emmanuel7788, would you mind to share your trade plan and analysis for next week. I have learnt a lot from your plan: very details and clear for me to understand. I don't know if i'm impolite to request like that, but if it's is ok i'm looking forward to seeing it every weekend and it help me to do my homework for analysis.
Thank you so much.
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