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Trading Made Simple(r)

  • #4,361
  • Edited 11:22pm Nov 12, 2019 8:53pm | Edited 11:22pm
Quoting emmanuel7788
{quote} I like Post#25 by RH. Pick the best setup using both Stoch(8,3,3) and Stoch(14,3,3)... in unison.
Thanks, EMM, for the re-re-minder to stick to the model offered by RH. I confess it is hard to wait out that Sto 14 finally to cross (or get really close to the 50 line). Perhaps others get impatient, too.

Just wondering how you settled on the H8 TF as your ideal timing. For example, once one heads up from H4 did you look at the H6 or even the H12? Hope you might share your journey to the H8.

Many thanks for your contributions. You are the Master of Ceremonies for Simple(r) now.

PS . . . I am trying to slow myself down to the H8 or H6. It is a challenge.

With very best regards, F-S
  • #4,362
  • Edited 8:17am Nov 13, 2019 7:11am | Edited 8:17am
Hello traders, in this trade I tried to follow the rules of a continuation trade. What do you guys think.


Edit:

Explanation on chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 132 KB
Click to Enlarge Name: Screenshot1.png Size: 178 KB
  • #4,363
  • Nov 13, 2019 7:15am Nov 13, 2019 7:15am
Quoting celord
Hello traders, in this trade I tried to follow the rules of a continuation trade. What do you guys think. {image}
You should post exactly what rules you followed to make your decision. After that, someone can assess if you selected rules or not, and if you did use rules, whether they were satisfied or not.
To free Gazans of Hamas, use whatever it takes.
  • #4,364
  • Nov 13, 2019 8:18am Nov 13, 2019 8:18am
Quoting DrDave
{quote} You should post exactly what rules you followed to make your decision. After that, someone can assess if you selected rules or not, and if you did use rules, whether they were satisfied or not.
Thank you DrDave I'd edited my post.
  • #4,365
  • Nov 13, 2019 6:39pm Nov 13, 2019 6:39pm
Quoting celord
Hello traders, in this trade I tried to follow the rules of a continuation trade. What do you guys think. Edit: Explanation on chart. {image} {image}

Hi celord

I think you know Post#1 well and followed the rules for CROSSOVER and CONTINUATION trade setup conditions.

You picked a CONTINUATION trade...

and when you keep on doing this type of trades, you will win much more than picking the CROSSOVER type of trades.

CONTINUATION trades are in the direction of an established trend i.e after a first CROSSOVER.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,366
  • Nov 13, 2019 6:49pm Nov 13, 2019 6:49pm
Quoting Forest-Sea
{quote} Thanks, EMM, for the re-re-minder to stick to the model offered by RH. I confess it is hard to wait out that Sto 14 finally to cross (or get really close to the 50 line). Perhaps others get impatient, too. Just wondering how you settled on the H8 TF as your ideal timing. For example, once one heads up from H4 did you look at the H6 or even the H12? Hope you might share your journey to the H8. Many thanks for your contributions. You are the Master of Ceremonies for Simple(r) now. PS . . . I am trying to slow myself down to the H8 or H6. It...

hi F-S

reason why I settled on trading H8 is that this gives me more time to trade other markets.
H8 is just two H4 candles in one and this is my plan to migrate to MT5 by 2020.
I had considered H12 but this does not fit my daily routine and my sleep hours.
H6 would have work better but I do not like the ratio of H6 to W1.

for all the working people who wants to trade part-time basis, looking at H8 3 times a day would work out nicely with some sacrifices for example to be awake at the 'right' hour and look for trades. Use %risk and positions sizing, do not worry about initial stop loss of 100 to 200 pips when your %risk per trade is the same.
Doing this will give you more wins and fewer losses. One of the objective is to reach and maintain positive Expectancy and this requires DISCIPLINE in following your defined trading tasks everyday.

Trade Well and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,367
  • Nov 13, 2019 10:49pm Nov 13, 2019 10:49pm
SGDJPY Nov 14 H8 trade

looks like late on H8 but D1 still ok... H8 is the first 8H candle of the new D1.

Attached Image (click to enlarge)
Click to Enlarge Name: SGDJPY Nov 14 H8 14-11-2019 12-45-51.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,368
  • Nov 14, 2019 8:37am Nov 14, 2019 8:37am
Hi @ all, does anyone know where I can download the Synergy APB Indicator, for MT5 ?

Regards, ph986
  • #4,369
  • Nov 15, 2019 3:01am Nov 15, 2019 3:01am
Quoting ph986
Hi @ all, does anyone know where I can download the Synergy APB Indicator, for MT5 ? Regards, ph986
Synergy APB Indicator, for MT5 [download]
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,370
  • Edited 7:18am Nov 15, 2019 6:11am | Edited 7:18am
NC long
entered split position based on m30 relatively long pin bar, then h1 pin bar low volume, and then m30 tmsr both stoch in unison, actually now h1 tmsr stoch also in unison too..

Edit: Multiple exits too.. so it's MEME.. screenshot only shows the first TP
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB
  • #4,371
  • Nov 15, 2019 7:29am Nov 15, 2019 7:29am
Quoting emmanuel7788
{quote} Synergy APB Indicator, for MT5 [download]

THANK YOU.
  • #4,372
  • Nov 15, 2019 7:44am Nov 15, 2019 7:44am
Hello everyone pretty new to trading i read most of the TMS original thread and then found this one i have been trying to get the hang of this method, can be a struggle to get time to check charts with my job.

Thought i would post this GBPAUD i just entered, please can i have some feedback if i have followed the entry rules correctly

Thanks in advance

Liam
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-11-15 at 13.38.40.png Size: 92 KB
  • #4,373
  • Nov 15, 2019 8:57am Nov 15, 2019 8:57am
Quoting LDS92
Hello everyone pretty new to trading i read most of the TMS original thread and then found this one i have been trying to get the hang of this method, can be a struggle to get time to check charts with my job. Thought i would post this GBPAUD i just entered, please can i have some feedback if i have followed the entry rules correctly Thanks in advance Liam {image}

hi, i think entry rules wise is okay, moreover both stoch are in unison..

imho, do consider the pict attached.. applying it to H1-H4-D1 (you are trading chart H1 TF)
Attached Image (click to enlarge)
Click to Enlarge Name: Primary-Intermediate-Short term trend.png Size: 983 KB
  • #4,374
  • Nov 15, 2019 9:38am Nov 15, 2019 9:38am
Quoting moRTaL
{quote} hi, i think entry rules wise is okay, moreover both stoch are in unison.. imho, do consider the pict attached.. applying it to H1-H4-D1 (you are trading chart H1 TF) {image}

Thanks Mortal,


Went against me as it goes due to political news, we see some sharp spikes in GBP pairs and this hit my stops.

Thanks for the feedback.

Liam
  • #4,375
  • Nov 17, 2019 4:42pm Nov 17, 2019 4:42pm
If I am wrong, I'll lose 20 pips and I have no problem that because of the money management strategy I use, of which I plan to explain in depth soon because someone asked me what my money management strategy was in a private message. And I told them that I would explain it here when I get a chance because I thought many other traders could benefit from learning it.
  • #4,376
  • Nov 18, 2019 6:55pm Nov 18, 2019 6:55pm
Trade Manager TP SL Trailing MT5

Using a trade manager to manage my trades free up my time even when I am trading 8-hour .

EURAUD Nov 18 H8 trade.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Nov 18 H8 trade 19-11-2019 08-48-36.png Size: 46 KB


when you use this trade manager, you need to know the ATR of the timeframe of the pair.
I use 2ATR (timeframe) for SL and above 3xATR(timeframe).
use your own discretion when you set your Breakeven and Trailing stop
Attached File(s)
File Type: ex5 TP SL Trailing TMSr.ex5   69 KB | 502 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,377
  • Nov 18, 2019 7:01pm Nov 18, 2019 7:01pm
AUDJPY Nov 19 H8 trade manege using trade manager TP SL Trailing

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Nov 19 H8 trade 19-11-2019 08-59-54.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,378
  • Nov 18, 2019 7:06pm Nov 18, 2019 7:06pm
GBPAUD Nov 18 H8 trade ...

waiting for opportunity to BE+ the trade manager TP SL Trailing will do the job.

my job as the trader is to spend my time and look for the best setups.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Nov 18 H8 trade 19-11-2019 09-03-36.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,379
  • Nov 18, 2019 11:44pm Nov 18, 2019 11:44pm
USDJPY Nov 19 H8 trade

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Nov 19 H8 sell trade 19-11-2019 13-42-07.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,380
  • Nov 19, 2019 12:39pm Nov 19, 2019 12:39pm
Quoting emmanuel7788
Trade Manager TP SL Trailing MT5 {file}
Emmanuel . . . could you share the advantages of your migration to MT5?
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