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Trading Made Simple(r)

  • #2,501
  • Aug 7, 2019 4:34am Aug 7, 2019 4:34am
Quoting mtacki
{quote} according to the rules on page 1, the Stochastics are supposed to be below 50 !?
and there is still some important information which you missed in Post#1 and other posts by RH .
The TMSS Oscillator does not show you EVERYTHING you need to pick the best setups to trade and make money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,502
  • Aug 7, 2019 4:37am Aug 7, 2019 4:37am
Quoting emmanuel7788
{quote} and there is still some important information which you missed in Post#1 and other posts by RH . The TMSS Oscillator does not show you EVERYTHING you need to pick the best setups to trade and make money.
What else is missing from that trade on UJ according to the rules posted on page 1?
Success means going from failure to failure without loss of enthusiasm
  • #2,503
  • Aug 7, 2019 5:02am Aug 7, 2019 5:02am
Quoting lisat
{quote}Can I ask why you're waiting for another candle, the previous candle closed red on the oscillator, wouldnt you open a trade at the open of the present candle?
Because I'm looking at the Crossover Trade and not the Continuation. The Cross Signal would be complete at the (current) candle close.

I'm going to change my Template and use the 3 Indicators in the Sub-Window instead of the Oscillator, so my Charts can be matched-up against the rules in Post #1 by those who need to do so. I have had a few PMs about this so I'm happy to do so.

Cheers.
  • #2,504
  • Aug 7, 2019 5:18am Aug 7, 2019 5:18am
Quoting mtacki
here we go... {image}
Your entry is too early bro, you are entering based on current candle which hasn't closed. Anything can happen until the candle is closed.
Detach yourself from the value of money - Mr. Pip
  • #2,505
  • Aug 7, 2019 5:24am Aug 7, 2019 5:24am
Quoting emmanuel7788
A nice whopper this week trading H6 GBPNZD Week 32 H6 MT5 {image}
Good morning all!

Hi emmanuel, do you still use CaveManager EA to manage your trades? What indicator or source you recommend to check on news and news events?

Thanks in advance
  • #2,506
  • Aug 7, 2019 6:01am Aug 7, 2019 6:01am
Quoting krismitt
{quote} Because I'm looking at the Crossover Trade and not the Continuation. The Cross Signal would be complete at the (current) candle close. I'm going to change my Template and use the 3 Indicators in the Sub-Window instead of the Oscillator, so my Charts can be matched-up against the rules in Post #1 by those who need to do so. I have had a few PMs about this so I'm happy to do so. Cheers.
Aah ok thank you, understood.
Success means going from failure to failure without loss of enthusiasm
  • #2,507
  • Aug 7, 2019 6:40am Aug 7, 2019 6:40am
Quoting Supreme1394
{quote} Your entry is too early bro, you are entering based on current candle which hasn't closed. Anything can happen until the candle is closed.
??

I don't get it

the arrows marks my entry candle - the new H4 just started few minutes before I entered !?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 76 KB
  • #2,508
  • Aug 7, 2019 6:42am Aug 7, 2019 6:42am
Quoting mtacki
{quote} ?? I don't get it the arrows marks my entry candle - the new H4 just started few minutes before I entered !? {image}
I sold on the close of this one as well. Currently looking like a decent profit.
  • #2,509
  • Aug 7, 2019 6:54am Aug 7, 2019 6:54am
Quoting mtacki
{quote} ?? I don't get it the arrows marks my entry candle - the new H4 just started few minutes before I entered !? {image}
One of the stochs had only just crossed the 50 line, not closed cross, as you can see from the oscillator, if the candle had gone in the other direction the stoch would have gone back up above the 50 line and would look like you should never have entered, however, not everyone waits for the close, it depends how you feel happy trading it, but thats why TheSpoof looks at the oscillator and waits for the first red line on the oscillator to close and then enters on the 2nd.
Success means going from failure to failure without loss of enthusiasm
  • #2,510
  • Aug 7, 2019 7:58am Aug 7, 2019 7:58am
Quoting RobinHood
{quote} I want to say this as politely as I can. I have THUS FAR ONLY taught the BASICS of my methods, but I have not YET taught the more ADVANCED things. If I did, it would be WAY TOO OVERWHELMING for 97% of the traders here. MAYBE some day I will expose more of how I do what I do, and how I see what I see, but not now.
Quoting krismitt
{quote} Because I'm looking at the Crossover Trade and not the Continuation. The Cross Signal would be complete at the (current) candle close. I'm going to change my Template and use the 3 Indicators in the Sub-Window instead of the Oscillator, so my Charts can be matched-up against the rules in Post #1 by those who need to do so. I have had a few PMs about this so I'm happy to do so. Cheers.

reading recent days posts and especially today's post, I agree with RobinHood that many here still need to learn the BASICS of his methods.

Learn to use the template#1 in Post#1 and master the BASICS first. The TMSS Osc will not probvide you all the information you need to trade consistently.

Read, study and learn Post#1 and use the template#1 and also all the other posts by RH.


Until we all can show RH that we have mastered the BASICS, I am sure he will then share the ADVANCED things. This will take time - months and even years.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,511
  • Aug 7, 2019 8:02am Aug 7, 2019 8:02am
Quoting RochaTheRock
{quote} Good morning all! Hi emmanuel, do you still use CaveManager EA to manage your trades? What indicator or source you recommend to check on news and news events? Thanks in advance

Hi

Yes, I still use THV CaveManager whenever I want to trade Multi-Lot entries with R and R-Multiple management.

I also follow FF economic calendar to be aware of key news. I trade loner term swing trades ( Daily and Weekly chart timeframes) and these news events seldom affect my trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,512
  • Aug 7, 2019 8:24am Aug 7, 2019 8:24am
UJ H4 crossover trade

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 124 KB
Detach yourself from the value of money - Mr. Pip
  • #2,513
  • Aug 7, 2019 8:50am Aug 7, 2019 8:50am
GJ crossover trade H4

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 134 KB
Detach yourself from the value of money - Mr. Pip
  • #2,514
  • Aug 7, 2019 9:02am Aug 7, 2019 9:02am
Quoting emmanuel7788
{quote} Hi Yes, I still use THV CaveManager whenever I want to trade Multi-Lot entries with R and R-Multiple management. I also follow FF economic calendar to be aware of key news. I trade loner term swing trades ( Daily and Weekly chart timeframes) and these news events seldom affect my trades.

Thanks for the reply!!

In THV CaveManager to use R and R-Multiple management is through the batch points? Can I also trade single-lot entries right?
I've been using it to manage of my trades using ATR SL and TP only. It helps me out during the 2-3 bars when I'm at the office.

Thanks in advance
  • #2,515
  • Aug 7, 2019 9:38am Aug 7, 2019 9:38am
The start of the week has been a bit rough for me. No opportunities spotted on Monday, but yesterday I took a few signals.
Here are my losers for now:

I thought that EJ H4 had more room to the upside, at least 1R (for me) before most recent 'support'. Still I don't think it was a bad trade, there was some nice momentum to the upside at the time.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.PNG Size: 49 KB


NZDUSD H4: Continuation Trade. Oh well. Good call, no luck there, and there's not much I can do to avoid that. Part of the game. I always stick to 1.5 atr SL, and those trades are part of the trade-off (compared to having a 2atr SL for example).
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.PNG Size: 48 KB


CADCHF H4: Same result, wick just hit my SL. An otherwise nice continuation setup.
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHF.PNG Size: 48 KB


Luckily, I did have some winners, between yesterday and today.
EURCAD H4 Continuation Setup:
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD.PNG Size: 52 KB


USDJPY H4: Continuation Setup. First unit closed off, 2nd unit (of 2) still in the game.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.PNG Size: 57 KB


So overall, this week started with 2 losses, and another one later one, 2 of them a bit unlucky. Good thing is, I'm still in the green this week with the 2 trades that closed (just barely 1R up). And I have a positive float of about 2R still at stake, so not too bad.
  • #2,516
  • Aug 7, 2019 9:48am Aug 7, 2019 9:48am
Hey Emanual Or anyone who has the fib settings with 1r - 2r. May you please post it? I'm really having a hard time exiting and i think i need 2R tp to help me along.
  • #2,517
  • Aug 7, 2019 9:50am Aug 7, 2019 9:50am
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 198 KB


also if the bars turns red without closing. do i exit the trade? Cause what i understand is to enter the trade after the bar closes but how about exiting?
  • #2,518
  • Aug 7, 2019 9:56am Aug 7, 2019 9:56am
Quoting daeddie
Hey Emanual Or anyone who has the fib settings with 1r - 2r. May you please post it? I'm really having a hard time exiting and i think i need 2R tp to help me along.
Put these in the scripts folder and drag onto the screen when you want to put a trade on.
Attached File(s)
File Type: ex4 Draw_Lines Buy EP SL TP v4.ex4   6 KB | 362 downloads
File Type: ex4 Draw_Lines Sell EP SL TP v4.ex4   6 KB | 369 downloads
  • #2,519
  • Aug 7, 2019 9:59am Aug 7, 2019 9:59am
Quoting daeddie
{image} also if the bars turns red without closing. do i exit the trade? Cause what i understand is to enter the trade after the bar closes but how about exiting?
Wait for the H4 candle to close. stop looking at it every 10 minutes. Let the trade run to its conclusion be it 1R down or 2R up. be good to breakeven before the 1R loss tho. I use a breakeven EA
  • #2,520
  • Aug 7, 2019 10:33am Aug 7, 2019 10:33am
Hi RobinHood (David), thanks for your thread.

In first post you mention bar high, low and close. Are those Heikin Ashi bar prices or real bar prices?
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