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Trading Made Simple(r)

  • #4,381
  • Nov 19, 2019 1:41pm Nov 19, 2019 1:41pm
RH, you were testing some various band ideas especially in September. I wonder if you found a combination you have continued to use in your own trading?

I think the swingman indicator can be useful and there are other bands out there, for sure. It is all about getting the optimal fit.
  • #4,382
  • Nov 19, 2019 3:02pm Nov 19, 2019 3:02pm
Hey, in 3 years of forex experience i saw many strategies, but some time i wonder if this strategy fail then what i will do ?
So i joined Sir Davit's thread "Pivot Trading" in 2018 to till following his method and i am happy i learn a lot of from his strategy and trading style. trading is not simple, first we need to learn then Patient and then got results (Y) good luck
  • #4,383
  • Edited 8:27am Nov 20, 2019 8:09am | Edited 8:27am
CJ long, nearly tmsr H1 and stoch in unison, based on D1 structure HH HL, H8 2 consecutive pin bar...
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  • #4,384
  • Nov 20, 2019 7:01pm Nov 20, 2019 7:01pm
AUDJPY Nov 21 H8 trade

4 hours late on H8 but the orice momentum looks good. Just matter of the risk% and $amount risk, the rest is initial Sl and Position Sizing, and trade management exit.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,385
  • Nov 21, 2019 6:44am Nov 21, 2019 6:44am
Quoting emmanuel7788
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. {image} 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 {file}
Hi, do you know if there is a MT4 version available?. thank you
  • #4,386
  • Edited 9:58am Nov 21, 2019 9:30am | Edited 9:58am
Quoting RobinHood
Trade Entry Examples I want show and explain some textbook long entries for the two types of trades I discussed in my opening post. They are a Crossover Trade and a Continuation Trade. {image} Long Trades Entries Explained Crossover Trades (Example of a Long Trade) 1. The HMA Line turns Lime Green and crosses above the Yellow Line 2. The candles turn from Red to Dodger Blue/Blue 3. A bar closes above the Yellow Line 4. Both Stochastics (lower window) are above (or are crossing above) the Purple 50 Line 5. RSI (Brown Line, lower window) is above...
Awesome stuff RH , Thanks very much for all your efforts and time. God bless and RIP to Big EE . Just started learning from yesterday.

May be too early to ask question : For the crossover trade on H4 do we need to check D1 Chart for a confirmation. Actually I tried crossover and matched all the rules as mentioned above and tried few currency pairs but my positions turned the opposite direction. Trade entered just after 9 PM EST ( 4H candle) , probably we should need to avoid Asian session and try this in early morning EST around 5 AM EST ( during London session) not sure, Please share your experiences what would be the best time to enter or we need to enter only in the direction of higher timeframe. 4H and D1 has to match ?

Thanks again,
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  • #4,387
  • Nov 21, 2019 11:09am Nov 21, 2019 11:09am
Looks like EURCAD Short entry but all stochastic dint meet the algorithm conditions also Daily Chart is still Long.

Anyone has any thoughts ?
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  • #4,388
  • Nov 21, 2019 11:12am Nov 21, 2019 11:12am
Additionally every broker has different time zones. Most of the brokers closes at NY time 5 PM EST. That's good for Daily entries. But other brokers closes at 6 PM, 7 PM and 8 PM EST closing time. anyone has suggestions , please share your experiences.

Thanks,
  • #4,389
  • Nov 21, 2019 3:26pm Nov 21, 2019 3:26pm
Quoting RobinHood
{quote} You are right IF you are trading the lower time frames, however, kirinda is trading 4 hr. charts which means she only has to check them a maximum of 6 times a day. I also trade 4 hr. charts and I never get up in the middle of the night to check charts. I just put my stops in and it's all taken care of. If something happens like I get stopped out and/or I get a new signal, then I just deal with it when I wake up. My sleep is more important to me than trading. Or better yet, trade the daily chart and you only have to look at the chart once...
Anyone tried a customized time frames like 6H, 8H , etc. If we live in NY time zone ( EST) may be 6 Hours is a best choice.

NY trading Close at 5 PM EST , subsequent 6H candles closes as beelow

  1. 11 PM ( We can check if there are any entries)
  2. 5 AM ( If we wake up even at 7 AM we can easily read the chart )
  3. 11 AM
  4. 5 PM

I never tried this before, just sharing my inputs, did anyone tried 6H candles on this strategy before ?

Thanks,

  • #4,390
  • Nov 21, 2019 6:33pm Nov 21, 2019 6:33pm
Quoting hhc
{quote} Hi, do you know if there is a MT4 version available?. thank you

yes, look for THV CaveManager discussion posted in this thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,391
  • Nov 21, 2019 6:40pm Nov 21, 2019 6:40pm
Quoting Forest-Sea
{quote} Emmanuel . . . could you share the advantages of your migration to MT5?
Hi FS

we know that MT4 will come to end one day but we do not know when. It can still be available for some years as many brokers will still offer that as one of their trading platform as option.

but my brokers started to offer transition to MT5 together with their other trading platforms.

as I have developed over the many years my trading tools based on MT4, I started to migrate my trading tools to MT5.

AMPGlobal is one of my current broker - Comparison of MT5 and MT4 link below.

I like the 'netting' when I trade with multple entries positions.

https://www.ampfutures.com/metatrade...rison-mt5-mt4/
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,392
  • Nov 21, 2019 7:44pm Nov 21, 2019 7:44pm
Quoting moRTaL
CJ long, nearly tmsr H1 and stoch in unison, based on D1 structure HH HL, H8 2 consecutive pin bar... {image} {image}
that trade SL was taken out... but the chart progresses with more consecutive pin bar for H8.. and now there are 2 consecutive pin bar for D1.. H8 stochs in unison, stoch and rsi pointing up, but not yet tmsr..

so entered again, 1st entry was not based on tmsr, then just entered a 2nd entry based on M30 tmsr, also stochs in unison, 1 hour late though.. ok, let the probabilities work..
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  • #4,393
  • Nov 21, 2019 7:55pm Nov 21, 2019 7:55pm
CHFJPY Short on H4 by comparing D1 Timeframe - Is this a valid setup ?
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  • #4,394
  • Edited Nov 22, 2019 7:20pm Nov 21, 2019 8:09pm | Edited Nov 22, 2019 7:20pm
Quoting MalvernTrust
Looks like EURCAD Short entry but all stochastic dint meet the algorithm conditions also Daily Chart is still Long. Anyone has any thoughts ? {image} {image}
hi imho, for me if EC is the best choice to trade among other pairs, then trading W1-D1-H4, i would wait for W1 to close outside the box as the direction at the moment is unclear, then applying the 2nd screenshot, wait for a retrace of H4, then apply tmsr with stochs in unison; or continuation trade of H4 with tmsr and stochs in unison..

Edit: D1 has closed above the box, not bad.. frankly i think can switch to D1-H4-H1 and wait to enter on H1 tmsr long with stochs in unison... as post 4384 stated " Just matter of the risk% and $amount risk, the rest is initial Sl and Position Sizing, and trade management exit."

Edit2: added the screenshot for W1-D1-H4 (click this post)... credit: emmanuel
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  • #4,395
  • Edited Nov 22, 2019 7:56pm Nov 21, 2019 8:23pm | Edited Nov 22, 2019 7:56pm
Quoting MalvernTrust
CHFJPY Short on H4 by comparing D1 Timeframe - Is this a valid setup ? {image} {image}
imho, there is no line indicating where you put the entry, so it's kind of difficult to see.. also your SL seems twice as big as TP..

also try to read the whole thread, at least try to read all emmanuel's posts as he is honest and successful with stochs and rsi stuffs; you can try to back test and forward test with what he posted, applying some logics, totally worthy to spend time on them...

depends on your risk appetite and trading style, click this post 4354 for the one of the answers..

D1 has shown a HH, as for me personally, i would wait for a retrace and wait for H4 long tmsr with stochs in unison.. but there are other trading styles.. gl

Edit: click this post has good pict when to trade.. check out the EU part of the post.. this kind of opportunity keeps repeating.. just use search on the left upper corner of the webpage.. then meddle with the options.. credit: emmanuel
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  • #4,396
  • Nov 22, 2019 8:38am Nov 22, 2019 8:38am
Quoting emmanuel7788
EURGBP example of a Weekly setup. still have time to jump in perhaps a another approach is to jump in using H4. {image}
Hello Emm, Can you share the indicator which draws arrows when cross over happens, Thanks
  • #4,397
  • Nov 22, 2019 10:53am Nov 22, 2019 10:53am
Quoting Rob_Trader
{quote} Thanks for the feedback. You are completely right. The entry in the H4 was quite late according to the rules. But the image in the daily was just too tempting for me. Hence the late entry. Let's see how it develops. {image}
If we compare daily then that would be a late entry for H4. But for continuation trades if we compare D1 Charts then H4 trades we can get at right time. Do we have any edge when we place H4 Trades to enter early by comparing D1 Charts ( like just a color change before the daily close) ?
  • #4,398
  • Nov 24, 2019 7:11pm Nov 24, 2019 7:11pm
Quoting emmanuel7788
{quote} yes, look for THV CaveManager discussion posted in this thread.
Are you referring this one ? https://www.forexfactory.com/showthread.php?p=3677367
  • #4,399
  • Nov 24, 2019 7:20pm Nov 24, 2019 7:20pm
Quoting MalvernTrust
{quote} Are you referring this one ? https://www.forexfactory.com/showthread.php?p=3677367

Yes.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,400
  • Nov 24, 2019 7:43pm Nov 24, 2019 7:43pm
Quoting emmanuel7788
{quote} Yes.
Thank you very much Emm
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