DislikedHi everyone, First post, I've just read the thread, And now having a go a loading the indicators onto my meta4 platform. I'm having issues with getting it all set up? Anyone else have problems. I RMC on the open page and click template, Using #1 (From the first page of this thread). However it does not appear to be the same as everyone else has/use. Hope all is well,Ignored
- #2,447
- Aug 6, 2019 10:57am Aug 6, 2019 10:57am
- Joined Nov 2008 | Status: Trader | 50,255 Posts
{quote} Thank you very much emmanual. Yes my trade management was to move my SL to the high of 2 candles back regardless of whether a new lower low was made. I believe you're right, I shall now only move my 2 candle high SL once a new lower low is made. Regarding your TMS-II trade management, does it also require the 2 candle SL trail? Or just follow according to your pdf?
Regarding your TMS-II trade management, does it also require the 2 candle SL trail?
NO. When I use R and R-Multiple trade management as described in the pdf I do not use the Trail_By_Prev Candle High/Low.
The Trail_By_Prev Candle High/Low is a feature in THV CaveManager not TMS-II.
Now review your AUDUSD trades - 2 consecutive losses, do these affect your confidence?
Your sell bias decision is the higher probability one, but those entries do not show any price momentum which is key when we use 2 Stochs and 1 RSI.
Now AUDUSD shows a better trade setup opportunity , look at both the Stochs and RSI, but there is risk at this hour of the NY session.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,448
- Aug 6, 2019 11:02am Aug 6, 2019 11:02am
- Joined Nov 2008 | Status: Trader | 50,255 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,453
- Aug 6, 2019 11:36am Aug 6, 2019 11:36am
- Joined Nov 2008 | Status: Trader | 50,255 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,454
- Aug 6, 2019 11:39am Aug 6, 2019 11:39am
- Joined Nov 2008 | Status: Trader | 50,255 Posts
EURGBP Stalking EURGBP for Continuation Entry at NY Close. {image} Trade well.
lots of room from 9200 to 9600 then maybe 9900. Good job Boris Johnson
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,455
- Edited 8:17pm Aug 6, 2019 12:02pm | Edited 8:17pm
Trading Made Simple(r)
I've had two losses this week. None was compliant with my trading System. To be clear, I have used this Methodology to create my own Trading System.
I Shorted USDCAD, not a Pair I usually Trade and further, it did not satisfy the Entry Conditions for my System; got stopped out.
I bought GBPUSD. It did not satisfy the Entry Conditions for my System; also got stopped out (2 Candle Stop).
Emmanuel has posted this Chart in every Thread that I have seen his posts and he has posted it repeatedly. I have been using it since I first saw it. In this thread, he has commented as follows
"Know which timeframe and the swing you want to trade ...."
In my Trading Made Simple(r) System (my adaptation of this methodology), I trade the Weekly Trend, with H4 or D1 Entries. Neither of the 2 loosing trades met the conditions.
Not sure why I'm posting this, except that I feel quite silly taking those trades and I'm perhaps Calling Out Myself for not playing by my own rules!.
Trade well.
I've had two losses this week. None was compliant with my trading System. To be clear, I have used this Methodology to create my own Trading System.
I Shorted USDCAD, not a Pair I usually Trade and further, it did not satisfy the Entry Conditions for my System; got stopped out.
I bought GBPUSD. It did not satisfy the Entry Conditions for my System; also got stopped out (2 Candle Stop).
Emmanuel has posted this Chart in every Thread that I have seen his posts and he has posted it repeatedly. I have been using it since I first saw it. In this thread, he has commented as follows
"Know which timeframe and the swing you want to trade ...."
In my Trading Made Simple(r) System (my adaptation of this methodology), I trade the Weekly Trend, with H4 or D1 Entries. Neither of the 2 loosing trades met the conditions.
Not sure why I'm posting this, except that I feel quite silly taking those trades and I'm perhaps Calling Out Myself for not playing by my own rules!.
Trade well.
- #2,457
- Aug 6, 2019 12:41pm Aug 6, 2019 12:41pm
- Joined Apr 2015 | Status: Trader | 1,068 Posts
Trading Made Simple(r) I've had two losses this week. None was compliant with my trading System. To be clear, I have used this Methodology to create my own Trading System. I Shorted USDCAD, not a Pair I usually Trade and further, it did not satisfy the Entry Conditions for my System; got stopped out. I bought GBPUSD. It did not satisfy the Entry Conditions for my System; also got stopped out (2 Candle Stop). Emmanuel has posted this Chart in every Thread that I have seen his posts and he has posted it repeatedly. I have been using it since I first...
for higher timeframes, count the 4H candles to get the right MA
you already use 6MA for the daily
weekly=30 candles=30SMA
monthly=120 candles=120SMA
this will give you a sense of direction, Sup/Res for the higher timeframes
a representation of Emmanuel chart you used.
hope it help
"the public is not yet ready for it" W.D. GANN
