Trading Made Simple(r)

i find i need it visually, its movement and position is useful data....

a bar(s) can register even without the RSI crossing, if this is what you were checking...

Above 270/280 zone next target 360/380, while below 270/280 next target 160/180 zone, but there's a support built yd around 210/230 zone.

Short from 383 1minTF

Ok so the real reverse finally came on the 5min rather than the brief one I traded on the 1 min.

With this asset I've noticed price consolidation - trend change can take 1hr to 1hr 30 mins but you have to be patient. To be honest this asset is so erractic, unpredictable I'm still working on a fixed strategy on how to trade it and lock in profit systematically. But I think im almost there on a approach that takes into account Market times. The goal for me is to lock in profits while I try to give it room to go for 50+, 100+, 150+, 200... (Where as in the beginning I was setting fixed TP or manually closing - that was hard work lol) but catch start of trends in high volume market periods will increase your chances of great profits.

For example: Yesterday I hit 150pips and it reversed I wasnt going to give it much more room as I tried to realise the complete rally opportunity of 240pips. So hence 150 locked in.

For now the idea to lock in profit in 50's seems the best idea.... every day I learn something new and possibly every day I try to tweak my approach for the better. I by no means have it figured out

The short after price reached 13 437 resistance zone [Days High 13 462]
5 MIN TF Sell Trend: reversal first pull back then continuation with arrow perfectly on the zero line for the short. Anyone that had patience to catch this trade had an opportunity to any part of 98pips. I was offline for this one.
Next NY @ 15:30 ->US Data at 1600 Cet

I've put the arrows to show that when the MACD goes flat the move is usually over how one chooses to bank and close or continue when histogram bars start increasing again is open to debate.... long as you close and lock in your profit, thats all that matters.

Hi Unseenhero42,
I'm sorry to see your messege too late, It is better to put H1 chart and H4 chart differently with TMMS's orginal settings and add macd, RSI(14), trend bricks, volatility pivot, good luck..

AUDCHF currently running... Ichimoku trade... For those that are still learning how to trade ichimoku.

Entered at 1h Coupled with the negative Aud GDP news.

Swingman Indi is as per my previous mentioned setting.

Cheers

Hi, I am a rookie here! Does anyone have the template and indicators for MT5? I can't seem to be able to download mt4 anymore... Please help!!!!

Go to the papers clips, top right, and starting with page 15,then 14,13... check for exe5, you can get some templates and indicators, directly to the left or check "view post"...

Good morning Traders,

I feel I have contributed all I can for now, and therefore will only be repeating information already shared, so I will only post in future to reply any questions, or anything of interest worth sharing.

Last night before I went to sleep I opened a trade long which is not the norm for me to leave a trade open over night but because I saw that after all that down side from 13 342 to 12942 .... I noticed that the MACD line was already shifting to cross the 0 line this for me was a clear indication of a shift in tide to back UP.

Just a thought: if you want to know when entry is safe, most likely the start of a reversal and start of new trend you will see the MACD shift direction thats normally a good indication or the lack of the shift means its not yet ripe for real direction change.

If you want to be extra cautious on trades you open for the highest chance of success that your trade is in the direction of the prevailing force; maybe to start only open trades that show the MACD line heading to cross the 0 line and join the SMI line to move parallel to one another or maybe nsynch with each other other. That means when those 2 lines are in harmony and agreement a decent move is coming.

Image1 - Macd position shift
image 2 - 5MIN TF we see a down arrow but trend is long and also we see MACD not even turn but continue which suggests the continuation up.
Image3 - 15min TF right now is showing us good conditions for the long , arrow right on the 0 line, RSI about to cross the purple 0 line and the MACD + SMI together in agreement on the 0 line as starting position and ready to go up.

Its worth noting 13 080 is a level of interest price resistance area. (Price can bounce until there is enough volume strength to break the level)

I wish all a green pips day. Trade Well.

Thanks!!! I am looking for template and indictors mentioned by others in previous post - see SS. Could I find the same for MT5 in the paper clips you mentioned?

Would you recommend any other templates and indictors which are useful? I am new to this so any advice is greatly appreciated.

Tides turned wow.

Quick test of bottom, now it appears to be going back up..... sometimes all you have with the DAX when it makes quick turns is to see the RSI make a strong turn then you know to lock your profits in and get out. But I'll wait for confirmed new trend and green arrow before I get in.... no point giving back pips trying to be too clever getting in early. (it came on the 5min TF)

Before it can go up they must go stop hunting ...

quote=Marcusv007;13148795]Quick test of bottom, now it appears to be going back up..... sometimes all you have with the DAX when it makes quick turns is to see the RSI make a strong turn then you know to lock your profits in and get out. But I'll wait for confirmed new trend and green arrow before I get in.... no point giving back pips trying to be too clever getting in early. (it came on the 5min TF) Before it can go up they must go stop hunting ... {image} {image}[/quote]

NO green (long) arrow on the 15min TF, RSI struggling to cross the 0 purple line on the 5min TF .... is all I need to lock my profits and wait to see if we can pass 13 080 level next levels of interest 13 110 and 13 125

US Data today at 14:30 CET

Short term momentum
TMSr - Lets understands what we have done in respect of the beloved system provided to us by Robinhood.

* The arrow has replaced steps 1 to 4 below [it helps us get in a trade far quicker than our brains were registering a safe opportunity], we have the SMI and RSI for 5 and 6. Potential Trades that present with the arrow already at the 0 line are highly favorable. Again yesterday I noted that the MACD offers short term trend - momentum confirmation and if you want to be extra cautious you can trade it when it has passed the 0 line in your trade/ arrow direction.

The reason for this post is to show you below that the arrow has replaced steps 1 to 4 (in the tweaked setup) now if we accept that as being the case and I have tested it thoroughly and I have found it to work perfectly fine in SMTMMS 7.3.1 then in the image illustrated below we must then apply point 3's logic. That opening on the arrow we must count that we are safe for 3 candles and see candle 4 for a change of colour if candle 4 then 5 also has a change of colour its very likely candle 6 will be a continued candle colour change and the reverse arrow will pop up, so we can anticipate and close earlier by candle 4 or 5 to lock in profits.

I wanted to share and remind us that there is still certain logic that is bankable and that we can rely on when combating uncertainty in the markets. We have this tried and tested knowledge at our discretion.

Try use the arrow and candle count for an edge in the market. Again with continuation trades remember that now our edge and mainstay advantage is that we are catching trades at the start of trends, therefore we are seeing reversals when they happen, so with that logic you can see the pullback then the arrow popup to show you its now a continuation of the trend....infact R.H always highlighted the beauty of opening trades after a pullback - the continuation.

The volatility pivot indi is brilliant for visually seeing the start of trends and "sticking in trends"

Crossover Trades:

1. The HMA Line is Lime Green and crosses above the Yellow Line for long trades OR the HMA Line and is Deep Pink and crosses below the Yellow Line for short trades.

2. The candles must have just changed from Dodger Blue/Blue to Red/Maroon for short trades or from Red/Maroon to Dodger Blue/Blue for long trades.

3. After both # 1 and # 2 above have occurred, preferably, you want to initiate a trade after the 1st bar has closed on the same side of the Yellow Line as the direction of the trade or on the 2nd or 3rd candle ideally. Entering any later than that is more risky.

4. The trade set-up bar is the 1st candle to cross over the Yellow Line AND is the opposite colors of the previous candles. Both bars must either be: Red/Maroon or Dodger Blue/Blue. Red/Maroon for short trades or Dodger Blue/Blue for long trades. The set-up candle must close before you enter a trade.

5. The 2 Stochastic Lines must be above, or crossing above the Purple 50 Line for longs OR below for shorts.

6. The RSI Line (Brown) must be on the same side of the Purple 50 line as the direction of the trade at the time of entry.

Continuation Trades:

A Continuation Trade is when there has already been a trade in that direction, but you were stopped out OR got out for some other reason and then you get another signal to enter in the same direction.

You can go long again if a bar turns back to Dodger Blue/Blue after being Red/Maroon or Red/Blue AND the Dodger Blue/Blue bar's close is above the Yellow Line and all other indicators agree.

You can go short again if a bar turns back to Red/Maroon after being Dodger Blue/Blue or Red/Blue AND the Red/Maroon bar's close is below the Yellow Line and all other indicators agree.

*Plus there are several others we'll talk about later in the thread.

keep up the good work bossman. I am planning to give this lower TF strategy a go very soon. Fitting it around a full time job will be tricky to say the least so I am looking at some Cavemanager EA support to manage the trade for me. I did several M1 trades after work yesterday which got stopped out for BE by CM so there looks to be some potential profits there. The last 3 weeks trading the H1,H4 have not proved successful for me.

Good to hear Alan and thanks.

I started on the 15min made good profits but got chopped up under different market conditions, especially reversals.

Tried the 1min believing it to be a saving grace on reversals and new trends but not really because you have to read your indicators well for an opportunity especially that candle sizes are of major importance on the 1 min when deciding to trade again also offpeak times you'll get chopped up.

5min TF atleast on the Dax after testing this week I've found to be the most solid of the 3 and if you catch an entry you only need check it 10 to 15mins later(unless its 9am or 3.30pm CET)... An idea since you're trading around a FT job is to simply set 25 to 30pip TP's ( It might make sense to give a static idea a try also, just out of interest) you will most likely only trade 4 or 8 arrows during the day. Try that just for 1 day and see how it works .....But immediately on arrow pop up.

The real advantage of trading arrows and as it forms you will see visually if its a new trend is that price is now moving away so you can most likely set your SL at B.E and there in actual fact is the beauty of catching start of trends from the very bottom or the very top.

Just some ideas for you, but do update the thread with your findings and ideas that prove successful or not.
Thanks for sharing.

I've had great success with the ideas I've shared. The challenge I find is a method of locking in profits and trading on ideas with discipline limiting un-necessary risk. The problem is not if it works that is a given the problem is the discipline around execution.

Hello! I'm still trading with ichimoku like you used to, and it's still profitable. Look at your entry is not an SMI cross with Stoch 30-3-3 but you wait for RSI to cross the 50 line, right?

Yes. But I typically use buy/sell stop rather than market execution. And the TP is at daily kijun sen since the daily trend is still bullish overall.

Hardly have much stable trends these days in fx. commodities are doing much better. Careful on usd cross since election is coming.

Stay green.