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Trading Made Simple(r)

  • #4,541
  • Jan 14, 2020 2:27pm Jan 14, 2020 2:27pm
Hello fellow traders,

I am trying to use THV Caveman EA manager to manage my trades. I believe here is the latest one and many of us using for this TMS(r) method.

https://www.forexfactory.com/showthread.php?p=3677367

Could you please share which settings are best and close to our TMS(r) method to place TP and SL. ATR or ATR trial ! I dont have a clear idea. That would be helpful what setting are widely used for SL that's pretty much close to our trading methods.

Thanks,
M
  • #4,542
  • Jan 14, 2020 2:28pm Jan 14, 2020 2:28pm
Quoting monty20
{quote} Just curious if anyone ever came up with an automated alert dashboard?
Not yet Monty, I am looking forward to one :-) I requested programmers here in different forums, but I didnt receive any response. Lets see.
  • #4,543
  • Jan 14, 2020 2:36pm Jan 14, 2020 2:36pm
Quoting tes724
I can say i only use the 4h candle. I dont go to higer timeframe to confirm the trend. Sometimes i go to 1h to find a good entry. But the 4h tells me the trend. here is my prcedure: - i wait for the the 11:00 CEST candle to form and the EU marked to open. So 15min prior i check all the chart to find situations like the picture below, where 2xstochs and RSI all cross together. To me thats a very strong signal. - then i look at the chart to confirm the HMA (green/pink) have crossed the MA (gold), up or down. In this case down (pink). - The signal...
Thank you Tes724, I appreciate all your information and trading skills. I didnt mean your trades all were lucky, specifically the trade you showed was not agreeing with the daily time frame. Thats what I meant.

11.00 CEST is a best time to place trades. Unfortunately those who live in EST time zone is midnight or too early in the morning. I am trying some cutomized chart and different server time.

Thanks again keep earning pips, your post is encouraging to everyone.

Good luck,
M
  • #4,544
  • Jan 14, 2020 2:52pm Jan 14, 2020 2:52pm
Quoting MalvernTrust
Hello fellow traders, I am trying to use THV Caveman EA manager to manage my trades. I believe here is the latest one and many of us using for this TMS(r) method. https://www.forexfactory.com/showthread.php?p=3677367 Could you please share which settings are best and close to our TMS(r) method to place TP and SL. ATR or ATR trial ! I dont have a clear idea. That would be helpful what setting are widely used for SL that's pretty much close to our trading methods. Thanks, M
How about post 2869
  • #4,545
  • Jan 14, 2020 3:09pm Jan 14, 2020 3:09pm
Quoting moRTaL
Quoting moRTaL
{quote}MC/quote] Hey alan, for example this post by emm (click and here), emm mentioned AU and EJ respectively is in 'sideways market type condition with Weekly range high - low'... then try to see on your W1 chart and noticed those numbers... after reading several posts, you will noticed that emm is very consistent with his style for years... and you can back test
...
in eurjpy it was mc
but in audusd it was wcc
wcc is in strat thread
I also learned mc from emmanuel and its corect that its with motherbar and three bars inside
its seem much knowlege but will help us if we learn
I wish emm still post here and also wish to see entry charts from robinhood
  • #4,546
  • Jan 14, 2020 3:20pm Jan 14, 2020 3:20pm
Quoting 40PipsAlan
{quote} How about post 2869
Thanks very much 40pipAlan,

https://www.forexfactory.com/showthr...2#post12438762

I am checking.

Thanks,
M
  • #4,547
  • Jan 15, 2020 8:20am Jan 15, 2020 8:20am
Quoting moRTaL
this is against the trend
That ES trade, (see blue colour box) closed early when H1 reverses towards the dominant trend closing below 5emas3, worse it happened after tokyo just closed, then retraced upwards but the next hour is BEOB with a valid H1 TMSr short. If it was a breakout upwards, i prefer it not to produce such PA.. -0.39R

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB


Now re-enter on H4 TMSr long with stochs in unison, candle is 4th bar but i need this to close above H4 consolidation, and good thing is that it closes above the D1 pin bar high too..

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 55 KB
  • #4,548
  • Jan 15, 2020 4:12pm Jan 15, 2020 4:12pm
taken nzdcad
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADDaily.png Size: 77 KB
  • #4,549
  • Jan 15, 2020 7:12pm Jan 15, 2020 7:12pm
Quoting forexdg
taken nzdcad {image}

CONTINUATION trade ... pay attention to the two Stochastics (14,3,3) and (8,3,3) %K lines , these must point in the same direction, when these two lines starts to open up ... because when you take a trade. Also the RSI(13) should preferably be in the same direction at the time of the setup.

Learn how technical studies like Stochastics and RSI behaves and respond to the price above.

Study and learn the Stochastics well and also the RSI... observe and take notes of their signals and the price setups.
http://forex-indicators.net/stochastic
http://forex-indicators.net/rsi
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,550
  • Jan 16, 2020 2:59pm Jan 16, 2020 2:59pm
Quoting emmanuel7788
{quote} CONTINUATION trade ... pay attention to the two Stochastics (14,3,3) and (8,3,3) %K lines , these must point in the same direction, when these two lines starts to open up ... because when you take a trade. Also the RSI(13) should preferably be in the same direction at the time of the setup. Learn how technical studies like Stochastics and RSI behaves and respond to the price above. Study and learn the Stochastics well and also the RSI... observe and take notes of their signals and the price setups. http://forex-indicators.net/stochastic...
its lost today
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADDaily.png Size: 76 KB

but when I entered indicators was down
not very sharp down, but not perfect flat neither
they had little angle down if you look in previous post when I put chart of entry
maybe you can put a chart with fresh entry to see how indicators slope should look?
  • #4,551
  • Jan 16, 2020 6:23pm Jan 16, 2020 6:23pm
Quoting forexdg
{quote} its lost today {image} but when I entered indicators was down not very sharp down, but not perfect flat neither they had little angle down if you look in previous post when I put chart of entry maybe you can put a chart with fresh entry to see how indicators slope should look?

study your NZDCAD chart again.
look to the left and you will see the behaviour of the two Stoch(14,...) and Stocj(8,...)
one calculate based on the last most recent 14 price bars and the other on the most recent 8 bars.
look at the price bars and the two HeikenAshi candle, how the two Stoch behave following the price and HA candle.

Attached Image (click to enlarge)
Click to Enlarge Name: forexdg NZDCAD chart 17-01-2020 08-18-41.png Size: 277 KB


next... the RSI(14)

►price action leads its oscillators ►
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,552
  • Jan 17, 2020 1:49am Jan 17, 2020 1:49am
Quoting emmanuel7788
{quote} study your NZDCAD chart again. look to the left and you will see the behaviour of the two Stoch(14,...) and Stocj(8,...) one calculate based on the last most recent 14 price bars and the other on the most recent 8 bars. look at the price bars and the two HeikenAshi candle, how the two Stoch behave following the price and HA candle. {image} next... the RSI(14) ►price action leads its oscillators ►
yes its better slope
thank you emmanuel
  • #4,553
  • Jan 17, 2020 2:53pm Jan 17, 2020 2:53pm
these days I am so confused to pick the trades and missing a lot and whenever I pick thetrades unfortunately SL hits, probably market is not trending and its ranging on most of the pairs.

USDTRY 4H Clean Buy but D1 not clear, not sure its a buy on H4, please share your openion please.

Probably because of this H4/D1 looking back and forth I am misarably failing, that would be helpful if some one clear the doubt.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB
Click to Enlarge Name: Screenshot3.png Size: 59 KB
  • #4,554
  • Jan 17, 2020 3:01pm Jan 17, 2020 3:01pm
Then I tried to add another indicator Solarwinds Joy ( non repainting indicator - Attached), looks like this helps for the secodary confirmation. I might be wrong just sharing for others openion.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB
Attached File(s)
File Type: ex4 Solar Winds joy - histo no repaint with alert.ex4   17 KB | 382 downloads
  • #4,555
  • Jan 17, 2020 3:08pm Jan 17, 2020 3:08pm
Quoting MalvernTrust
Then I tried to add another indicator Solarwinds Joy ( non repainting indicator - Attached), looks like this helps for the secodary confirmation. I might be wrong just sharing for others openion. {image} {file}
I read somewhere that the solar winds indi are bad repainters. Just saying.
Stick with standard indicators
  • #4,556
  • Jan 17, 2020 3:14pm Jan 17, 2020 3:14pm
Quoting 40PipsAlan
{quote} I read somewhere that the solar winds indi are bad repainters. Just saying. Stick with standard indicators
oh really? Thanks Alen for your reply. Did you see my previous post ! How do you trade USDTRy based on these charts H4 and D1 or just take a position by seeing H4 ?
  • #4,557
  • Jan 17, 2020 3:25pm Jan 17, 2020 3:25pm
Quoting MalvernTrust
{quote} oh really? Thanks Alen for your reply. Did you see my previous post ! How do you trade USDTRy based on these charts H4 and D1 or just take a position by seeing H4 ?
I am having problems with trading like yourself. Spotting the best trades and then having doubts as its not quite right and lately not trading at all. I am using the trading sim to go through past good setups to see how they look prior to the good move buts that not to say I will be able to spot a future good setup.
Practice and more practice must surely help.
  • #4,558
  • Jan 17, 2020 3:35pm Jan 17, 2020 3:35pm
Quoting 40PipsAlan
{quote} I am having problems with trading like yourself. Spotting the best trades and then having doubts as its not quite right and lately not trading at all. I am using the trading sim to go through past good setups to see how they look prior to the good move buts that not to say I will be able to spot a future good setup. Practice and more practice must surely help.
thank you and let’s hope for the best
  • #4,559
  • Jan 17, 2020 3:45pm Jan 17, 2020 3:45pm
Quoting MalvernTrust
{quote} thank you and let’s hope for the best
I will add that markets are driven by the big traders interpretation of a news event and as such we need to be aware of the news events and the market reactions afterwards. Just saying
  • #4,560
  • Edited 1:26pm Jan 18, 2020 1:06pm | Edited 1:26pm
Quoting MalvernTrust
these days I am so confused to pick the trades and missing a lot and whenever I pick thetrades unfortunately SL hits, probably market is not trending and its ranging on most of the pairs. USDTRY 4H Clean Buy but D1 not clear, not sure its a buy on H4, please share your openion please. Probably because of this H4/D1 looking back and forth I am misarably failing, that would be helpful if some one clear the doubt. {image} {image}

Two thoughts. First, I am not sure of your entry point on the H4. However, it is quite clear the RSI is pointing down at the point you presented your chart to us. Yes, I understand the RSI is above the 50, but I would demand at least a flat RSI if not a positive slope on this. If you entered earlier with your RSI >50 and with a positive slope, fair enough.

Second, recall RH's (really good) advice to just trade on continuation moves if you re going through a difficult time. That will refer you to just look at the H4 (at least for me).

Of course, it is desirable for the D1 = H4 trend, BUT, for me it depends on how long I might wish to hold the position. I know others will disagree, but I would take a good looking H4 trade even if are the D1 trend conflicts. However, in such a case you must pay close attention to price action looking for a stall on the H4 when it is time to close the position. A profit is a profit.

I find there comes a point where you have too much information, and there will frequently be some conflict making entry decisions very challenging. You can see what I would do if the D1 and H4 disagree. Another thing that often will work (not always) is to enter ignoring the sto 14 hit of the 50 line. This generally provides an earlier entry and one or two candles earlier clearly makes the difference as it would have on your chart. I do not ignore the sto 14 and will demand it has turned in the direction of the cross of the sto 8.

Every good wish to you for successful trading.

FS
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