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  • #6,321
  • Oct 23, 2020 8:11am Oct 23, 2020 8:11am
do you still take the trade if all signals said ok , but RSI is at 50 in the middle
  • #6,322
  • Oct 23, 2020 12:39pm Oct 23, 2020 12:39pm
Things are improving. A bit of DAX scalping with Marcus TMSr ideas added 2.67% to the Demo account, cheers boss. The rest was H4 TMSr trades. Still working on my WTDA plans and continuing to go over Emmanuels postings. Have a good weekend guys.
Attached Image (click to enlarge)
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  • #6,323
  • Oct 23, 2020 5:39pm Oct 23, 2020 5:39pm
Quoting 40PipsAlan
Things are improving. A bit of DAX scalping with Marcus TMSr ideas added 2.67% to the Demo account, cheers boss. The rest was H4 TMSr trades. Still working on my WTDA plans and continuing to go over Emmanuels postings. Have a good weekend guys. {image}
Hi Alan



You are on track . Keep on working at it and one day you will retire and you will trade a £50,000 account and turn that to £400,000 in 36 months.

Develop your overall system strategy trading with low risk ideas and trade with a Money Management strategy.... System Thinking!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,324
  • Edited 6:05pm Oct 23, 2020 5:54pm | Edited 6:05pm
Quoting NateBeruk
do you still take the trade if all signals said ok , but RSI is at 50 in the middle

if when the RSI(14) is flat at it 50-level, then it can either turn up or turn down from the 50-level... so you wait for the best setups.

what 'signals' the best setup?

the 'three amigos' must ride together ... very close together, the closer the better ... no social distancing required.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD TMSr cross at 50level 24-10-2020 6-51-48 am.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,325
  • Oct 23, 2020 10:47pm Oct 23, 2020 10:47pm
Quoting emmanuel7788
{quote} if when the RSI(14) is flat at it 50-level, then it can either turn up or turn down from the 50-level... so you wait for the best setups. what 'signals' the best setup? the 'three amigos' must ride together ... very close together, the closer the better ... no social distancing required.
do you think this strategy works if i dont use heiken ashi , or am i missing something if i only use the normal candle,
  • #6,326
  • Oct 24, 2020 12:50am Oct 24, 2020 12:50am
Quoting 40PipsAlan
Things are improving. A bit of DAX scalping with Marcus TMSr ideas added 2.67% to the Demo account, cheers boss. The rest was H4 TMSr trades. Still working on my WTDA plans and continuing to go over Emmanuels postings. Have a good weekend guys. {image}
Hi Alan,

Great to see you finding consistency in your results, good job mate!
The more you learn, the more you see
  • #6,327
  • Oct 24, 2020 1:52am Oct 24, 2020 1:52am
Quoting NateBeruk
{quote} do you think this strategy works if i dont use heiken ashi , or am i missing something if i only use the normal candle,
I tried that idea for me a bit but have now put HA back on again, less stress. The HA candles are averaged over a set period so will make your trade decision a lot easier at candle close time.
  • #6,328
  • Oct 24, 2020 2:41am Oct 24, 2020 2:41am
Quoting emmanuel7788
{quote} if when the RSI(14) is flat at it 50-level, then it can either turn up or turn down from the 50-level... so you wait for the best setups. what 'signals' the best setup? the 'three amigos' must ride together ... very close together, the closer the better ... no social distancing required. {image}
i have learnt that its good to use RSI 7 on Daily TF.are u guys using 14?
  • #6,329
  • Oct 24, 2020 12:57pm Oct 24, 2020 12:57pm
Hi Emmanuel7788

I have a question about your traiding stile i think qustion is more about how you are closing your trades.

If you are closing your trades sow early, that’s mean your SL always is bigger than your profits?

SL = 2x 10ADR
Profit = 2-3 trades in profit. After you open another greed.

Thx in advance.
  • #6,330
  • Oct 24, 2020 6:07pm Oct 24, 2020 6:07pm
Quoting 40PipsAlan
Things are improving. A bit of DAX scalping with Marcus TMSr ideas added 2.67% to the Demo account, cheers boss. The rest was H4 TMSr trades. Still working on my WTDA plans and continuing to go over Emmanuels postings. Have a good weekend guys. {image}
amazing, do you mainly trade continuation or crossover?
  • #6,331
  • Oct 25, 2020 2:49am Oct 25, 2020 2:49am
Quoting NateBeruk
{quote} amazing, do you mainly trade continuation or crossover?
Hi
Good question. I suspect the answer is mostly H4 crossover trades. I am moving to BE as soon as possible and trailing by ADR to try and get on the daily trend. Patience is key, have faith in your trade decision.

A
  • #6,332
  • Oct 25, 2020 3:14am Oct 25, 2020 3:14am
Quoting maxtill
Hi Emmanuel7788 I have a question about your traiding stile i think qustion is more about how you are closing your trades. If you are closing your trades sow early, that’s mean your SL always is bigger than your profits? SL = 2x 10ADR Profit = 2-3 trades in profit. After you open another greed. Thx in advance.

Hi maxtill

not sure if you had watch this video - Mastering Risk Management Techniques.

first go back to this post #2852 and learn about the two risk models - Lotto and Insurance models.

My system trading strategy is how I trade using baskets of trades in different currency pairs/groups and to generate cash flow by taking profits whenever I see there is money on the table. I do not look at individual trade with SL and TP, and the R:R os individual trade is not important when trading with baskets. Every trade basket has its own $risk amount in money/dollars and that risk $amount is divided into smaller trades to fill-up one basket.

I have posted many trade examples and next week I will post more live trades examples and use them to explain how the CashFlow model work.

Now you can do your own weekend homework and do your weekly top down analysis of GBPNZD Daily. Do you want to buy of sell next week?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Oct 23 NY Close 25-10-2020 4-13-27 pm.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,333
  • Oct 25, 2020 3:29am Oct 25, 2020 3:29am
Quoting T4Trade
{quote} i have learnt that its good to use RSI 7 on Daily TF.are u guys using 14?

I think you can use RSI(7) instead of RSI(14) but the basic rule is still the same when the three amigos - Stoch(14,3,3) and Stock(8,3,3,) and the RSI of your choice must be riding in the same direction and crosses vey close to each other at the 50-level and the price action of the APB+HA candles above with the HMA(2) and 5EMA all in agreement.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD D1 compare RSi 7 and 14 25-10-2020 4-25-13 pm.png Size: 70 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,334
  • Oct 25, 2020 3:41am Oct 25, 2020 3:41am
Dear Friends,

Do you have THV cave manager script which can adjust stop loss High or Low of last Two candle. or Any other similar EA?
Helanka
  • #6,335
  • Oct 25, 2020 3:41am Oct 25, 2020 3:41am
Quoting emmanuel7788
{quote} Hi maxtill not sure if you had watch this video - Mastering Risk Management Techniques. first go back to this post #2852 and learn about the two risk models - Lotto and Insurance models. My system trading strategy is how I trade using baskets of trades in different currency pairs/groups and to generate cash flow by taking profits whenever I see there is money on the table. I do not look at individual trade with SL and TP, and the R:R os individual trade is not important...
Hi Emm,
I had to have a look at GN and see whats happening there. The weekly is in a very narrow range with all indi's pointing down. On the daily we see the same ranging waiting for a breakout or some direction. Not a D1 bearish crossover yet on the stochs/RSI so I would say hold fire on this pair and have another look after Monday candle close. This pair could go either way.
Attached Image
  • #6,336
  • Oct 25, 2020 7:16am Oct 25, 2020 7:16am
Quoting 40PipsAlan
{quote} Hi Emm, I had to have a look at GN and see whats happening there. The weekly is in a very narrow range with all indi's pointing down. On the daily we see the same ranging waiting for a breakout or some direction. Not a D1 bearish crossover yet on the stochs/RSI so I would say hold fire on this pair and have another look after Monday candle close. This pair could go either way. {image}

Hi Alan

yes, it is trading sideways and in narrow range below its ATR(52) weeks. There is a rising channel.

I have one open sell basket with only one open position after I closed the last basket on Friday.

will see what happens next week and be prepared to cut-loss if the Daily make swing highs and higher highs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,337
  • Oct 25, 2020 7:50am Oct 25, 2020 7:50am
I am hoping some kind person can help me .I have not traded for a long time (health reasons ) so I am a bit rusty . I like the look of this method and have downloaded all the indi's , the main chart looks ok but I cannot get the 2 stochs and the RSI into 1 window , if someone could give me a step by step how to do this I would be very grateful .
  • #6,338
  • Oct 25, 2020 8:39am Oct 25, 2020 8:39am
Quoting robuk
I am hoping some kind person can help me .I have not traded for a long time (health reasons ) so I am a bit rusty . I like the look of this method and have downloaded all the indi's , the main chart looks ok but I cannot get the 2 stochs and the RSI into 1 window , if someone could give me a step by step how to do this I would be very grateful .
drag and drop all three in one bottom window,simple as that
  • #6,339
  • Oct 25, 2020 8:42am Oct 25, 2020 8:42am
Quoting emmanuel7788
{quote} Hi Alan yes, it is trading sideways and in narrow range below its ATR(52) weeks. There is a rising channel. I have one open sell basket with only one open position after I closed the last basket on Friday. will see what happens next week and be prepared to cut-loss if the Daily make swing highs and higher highs.
i am very intrigued by this 52 weeks ATR line,plz explain me how u use it? because i ahve 52 week line that is visible only on W and D tf, i cant see it on lower time frame,
  • #6,340
  • Oct 25, 2020 9:09am Oct 25, 2020 9:09am
Quoting T4Trade
{quote} drag and drop all three in one bottom window,simple as that
Thanks for your reply ,I seem to have made an error somewhere , I downloaded the template , opened the data folder and put all the indi's in , that seems to have worked out OK . maybe I should have downloaded the whole template into templates Hmm... ...not sure , may have to start again , very frustrating , anyway thanks again
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