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Trading Made Simple(r)

  • #3,181
  • Aug 21, 2019 3:13am Aug 21, 2019 3:13am
Quoting SwingMan
{quote} It is easier and faster to find out the correlations on using the "smCorrelation MultiPairs_v2": https://www.forexfactory.com/showthr...6#post12444816 {image}
Please, give some explanation on hw to use this correlation table. Don't understand it at all.
  • #3,182
  • Aug 21, 2019 3:20am Aug 21, 2019 3:20am
I have opened trade for these pairs.

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  • #3,183
  • Aug 21, 2019 3:23am Aug 21, 2019 3:23am
Quoting Isensefx
{quote} Please, give some explanation on hw to use this correlation table. Don't understand it at all.
Hi, please read the whole thread, if not at least search in case such post have been answered.. anyway your question have been answered -> post 3073. Also, you seem not to understand correlation... so please google in babypips.com and mataf correlation tool.. they roughly provide information to understand how to use the indicator.. if you are interested in the calculation behind it, wikipedia has it (it is not the best source, but at least useful to skim through).
  • #3,184
  • Aug 21, 2019 3:45am Aug 21, 2019 3:45am
Quoting Jefflee
I have opened trade for these pairs. {image}{image}{image}
Hi, my 2 cents... frankly UJ is not crossed yet, however RH mentioned, i forget which post, if i didn't remember wrongly it is not necessary... but anyway you should try to find the post, in order to be sure... EJ and AJ is mentioned in post 3187. Also EJ, AJ, and UJ are very strongly correlated for D1, while AJ and UJ are very strongly correlated for H4 and D1... so it means you are risking 2-3x if one goes wrong, all 3 may go wrong... but if right, all 3 may be right too.. Also please google babypips.com and mataf correlation tool to understand correlation if you have not.. they roughly provide information to understand how to use the indicator.. if you are interested in the calculation behind it, wikipedia has it (it is not the best source, but at least useful to skim through). For the indicator, SwingMan has made one..
  • #3,185
  • Aug 21, 2019 7:43am Aug 21, 2019 7:43am
AUDNZD last week gave me some reward and this trade opened this morning; this pair ever slow but faithful lol.... market looked better today. Looking forward to some good trading tomorrow.
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The more you learn, the more you see
  • #3,186
  • Edited 1:23pm Aug 21, 2019 1:12pm | Edited 1:23pm
Hi guys, been following this thread since it started. Thankyou very much to RH for sharing your system with us and all the work you have put in to helping others. I have deposited a small amount into a micro accout (real money because i believe it is the best way to learn) to begin learning the system myself.

I am going to be trading the Daily timeframe as i work long hours and can only check the charts in the evening. But the main reason is because i have not been able to get shorter term trading to work for me in the long run - blowing many accounts up over the past few years so this will be the first time i try the longer approach which i hope will be more suited to my personality.

Anyway, 2 hours till the close and im looking to take potential short continuation trade on the eur/cad. What are peoples thoughts on the following chart? to me it looks a pretty nice setup and it appears on the Weekly timeframe we have just broke and retested key support further stacking the odds in my favour.

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  • #3,187
  • Aug 21, 2019 4:38pm Aug 21, 2019 4:38pm
Quoting Marcusv007
AUDNZD last week gave me some reward and this trade opened this morning; this pair ever slow but faithful lol.... market looked better today. Looking forward to some good trading tomorrow. {image}
... one of the better looking ones this week so far.

Took the same trade setup... it went no where for many 4 hour periods ....

We shall see the market will do today.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,188
  • Aug 21, 2019 4:50pm Aug 21, 2019 4:50pm
Quoting Hazza88
Hi guys, been following this thread since it started. Thankyou very much to RH for sharing your system with us and all the work you have put in to helping others. I have deposited a small amount into a micro accout (real money because i believe it is the best way to learn) to begin learning the system myself. I am going to be trading the Daily timeframe as i work long hours and can only check the charts in the evening. But the main reason is because i have not been able to get shorter term trading to work for me in the long run - blowing many accounts...
the better trade setups are when both the Stoch(8,3,3) and (14,3,3) are in 'synergy' moving close to each other... preferably the %K lines overlaps or just one bar difference between them.
the RSI(14) must follow closely too.
the rest of the conditions of the APB, andHA candles and the HMA and 5EMA as mentioned in Post#1 are important.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,189
  • Aug 21, 2019 4:58pm Aug 21, 2019 4:58pm
August month ... so far

Some weeks are just not nice for trading and the OP of the TMS thread was honest about that.

Look to the bright side, this month will end next week Friday.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,190
  • Aug 21, 2019 4:59pm Aug 21, 2019 4:59pm
Quoting emmanuel7788
{quote} of course that did not work. posting a .ex4 files will also not work for you. 1) you need to locate where your MT4 Data Folder in your roaming directories.... thanks to Microsoft for making it complex for security reasons. if you know this foler location then you can copy and paste the files into the correct folder under mql4/indicator directory. another way is, 2)start your MT4 editor, then Open the downloaded smTMMS Oscillator_v3.0.mq4 files and do a Save-As into the correct folder, ... do a Compile and Save.... next Exit. Refresh your...
some reason i don't have MT4 editor. My MT4 is from my broker. i guess they took it out....
  • #3,191
  • Aug 21, 2019 5:08pm Aug 21, 2019 5:08pm
Quoting daeddie
{quote} some reason i don't have MT4 editor. My MT4 is from my broker. i guess they took it out....
I am not sure which broker does that.

try press F4 when MT4 is running ... that should bring up the MetaQuotes Language Editor.

your screen should look like this,

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then use the OPEN icon and look for the mq4 file you want.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,192
  • Aug 21, 2019 5:36pm Aug 21, 2019 5:36pm
Quoting emmanuel7788
{quote} I am not sure which broker does that. try press F4 when MT4 is running ... that should bring up the MetaQuotes Language Editor. your screen should look like this, {image} then use the OPEN icon and look for the mq4 file you want.
yes yes. been trying to open that for the longest. nothing opens. even if i download other mt4 platforms. nothign opens. all the indicicators i have now is by searching around. But can't find Swingman new indicators .ex4 cause they are new and i ccan't open the metaquotes to compile my own .ex4.
  • #3,193
  • Aug 21, 2019 10:11pm Aug 21, 2019 10:11pm
Is like watching the grass grow
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  • #3,194
  • Aug 21, 2019 10:20pm Aug 21, 2019 10:20pm
Quoting daeddie
{quote} yes yes. been trying to open that for the longest. nothing opens. even if i download other mt4 platforms. nothign opens. all the indicicators i have now is by searching around. But can't find Swingman new indicators .ex4 cause they are new and i ccan't open the metaquotes to compile my own .ex4.
I'm back from a long vacation which I didn't trade. I see that the marked have been difficult so I think I took vacation at the right time .

Just took these trades:

NZDJPY 4H crossover

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NZDUSD 4H continuation (two candles late but I took it with the breakout candle)

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  • #3,195
  • Aug 21, 2019 10:34pm Aug 21, 2019 10:34pm
Quoting 40PipsAlan
Is like watching the grass grow {image}

while the grass takes time to grow ... go take the time and smell the roses.

take stock of all the skills and experience you have and put them to good use.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,196
  • Aug 21, 2019 10:37pm Aug 21, 2019 10:37pm
Quoting emmanuel7788
{quote} ... one of the better looking ones this week so far. Took the same trade setup... it went no where for many 4 hour periods .... We shall see the market will do today. {image}

well the market made a pause and came back for some of you who missed the last setup...

now is a chance for CONTINUATION setup.

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risk 1R ... reward unknown
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,197
  • Aug 21, 2019 10:40pm Aug 21, 2019 10:40pm
Quoting kirinda
{quote} NZDUSD 4H continuation (two candles late but I took it with the breakout candle) {image}
A lot of resistance - this fascinating downturn may be coming to an end and price may turn upwards - but then again there may be enough time for you to cash in...
Time will tell
  • #3,198
  • Aug 21, 2019 10:45pm Aug 21, 2019 10:45pm
Quoting daeddie
{quote} yes yes. been trying to open that for the longest. nothing opens. even if i download other mt4 platforms. nothign opens. all the indicicators i have now is by searching around. But can't find Swingman new indicators .ex4 cause they are new and i ccan't open the metaquotes to compile my own .ex4.

but you already have your template#1 up and running, so stick to using that template and trade ... I think it is much better to trade with this and master using its BASICS before we get to the ADVANCED stuff soon.

here is the smTMMS Oscillator v3.0.ex4 file in case you still want it
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File Type: ex4 smTMMS Oscillator_v3.0.ex4   23 KB | 585 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,199
  • Aug 21, 2019 10:49pm Aug 21, 2019 10:49pm
Quoting kirinda
{quote} I'm back from a long vacation which I didn't trade. I see that the marked have been difficult so I think I took vacation at the right time . Just took these trades: NZDJPY 4H crossover {image} NZDUSD 4H continuation (two candles late but I took it with the breakout candle) {image}

with a much weaker Kiwi, why not long EURNZD and GBPNZD? close by tomorrow because we have Jackson Hole Symposium and G7 meeting.

Boris J wíll not get what he wants ... too bad.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,200
  • Aug 21, 2019 10:51pm Aug 21, 2019 10:51pm
Quoting moRTaL
AN W1 up HH+ HC+; D1 up HH+ HC+, H4 long continuation 1st bar (H4 signal line on the left should be the next bar), H4 in line with D1 and W1, but H4 stoch slope flat... GS W1 down LL- HC+, within hull ma and ema; D1 retracing up HH- HC+; H4 long continuation.. skip.. {image}
41st trade: AN: H4 in line with D1 and W1 certaily gives a higher probability..
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