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Trading Made Simple

  • #111,761
  • Nov 25, 2020 1:57am Nov 25, 2020 1:57am
Quoting emmanuel7788
{quote} what is your Exit Strategy? that's the important question. a trade manager EA can only do the tasks for you when you have your Exit Strategy clearly defined and can be coded in an EA. there are different Entry and Exit strategies. some old posts links here: Money Management Strategy for TMS: Post#48,008 Using Multiple-Lot Positions to Improve trading TMS: Post#33,507 Entry and Exits:...
My exit strategy is HMA color change or HA color change. or if Price move slowly below (buy) or above(Sell) HMA line
MA provides the market's current direction and strength.
  • #111,762
  • Nov 25, 2020 2:05am Nov 25, 2020 2:05am
Quoting hasib
{quote} My exit strategy is HMA color change or HA color change. or if Price move slowly below (buy) or above(Sell) HMA line
trading M5?

if you use HMA color change for exit you will lose the same if you use TDI for exit

you need to consider the money management & risks exit
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,763
  • Nov 25, 2020 2:11am Nov 25, 2020 2:11am
Hello everybody,

Today Gbp Usd:

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Thanks emmanuel7788!

God bless everyone and Green pips!
The only impartial feeling is love. It is also the only feeling of God.
  • #111,764
  • Nov 25, 2020 2:15am Nov 25, 2020 2:15am
Quoting robots4me
{quote} @DrDeceit -- since we should really have H8 and H16 timeframes to check, I'm hoping you'll teach us how to set them up. I mean, you do really wish to help struggling traders so you wouldn't simply boast and then leave us hanging, would you? Also, @DrDeceit -- how CPU-intensive are those offline charts? Would I have to run each one in its own MT4 session? Also, if I have an H8 chart open can I use it to also check H4 and / or H1? Also, @DrDeceit -- if I have a EURUSD / H8 chart open can I also use it to check GBPJPY / H8? Or do I have to...
Quoting DrDave
Isn't this just THE GREATEST THREAD EVER?? A thread where anyone can come and dump all the toxicity that he desires with no consequences at all! Think what it would be like here at FF if EVERY thread were like this! Total freedom to dump what ever you feel like, as long as it would not be a TOS violation that might have legal repercussions. Would there be even ONE thread here that focused on TRADING, or would TOXICITY run rampant, as it does on this thread? Well, remember that one bad apple spoils the barrel, and then come to a conclusion. Look...
@DrDeceit -- when I post I address you specifically. And I know you are paying attention and that my posts have an effect on you because you always respond, but usually to trash this thread or @emmanuel7788. In contrast, when you post you write as though there is this huge audience paying attention -- I guess that would be consistent with your arrogance and self-inflated, though misguided, ego. But no one responds to you or asks additional questions except for @robots4me.

I do try to enhance this thread by asking relevant questions -- e.g. most recently about how you setup H8 and H16 charts. You had commented how important it was to check these time frames and, so, why not share with the "folks out there", as you are so fond of referring to.

@DrDeceit -- you are the one who brought up the use of H8 and H16 charts. Do you really feel they are important, or are they part of the toxicity that has infected this thread. If H8 and H16 charts are for real then please tell us more.
  • #111,765
  • Nov 25, 2020 2:56am Nov 25, 2020 2:56am
Quoting DrDave
Isn't this just THE GREATEST THREAD EVER?? A thread where anyone can come and dump all the toxicity that he desires with no consequences at all! Think what it would be like here at FF if EVERY thread were like this! Total freedom to dump what ever you feel like, as long as it would not be a TOS violation that might have legal repercussions. Would there be even ONE thread here that focused on TRADING, or would TOXICITY run rampant, as it does on this thread? Well, remember that one bad apple spoils the barrel, and then come to a conclusion. Look...

Hi DrDave can you please stop?

TBH I could only see you always start a post wanting to argue, and never give your opinion on trading.

No live trading sharing, no directive guidance to members asking questions (“what matters most is YOUR decision...” really doesnt count).

Good or not, agreeing or disagreeing with others, even E and T could give constructive comments to (each) others. They have their points of view turned out correct or wrong at the end of a trade, but they do share.

TBH I think people here, despite of dislike or disagree with others, they dont verbally fight until you stirred.

this is really boring to read. Probably the members also feel meaningless to “win” over each other for nothing in a forum thread, hence they stop quick. After all it is their own money put in the market, they know best their own conditions.

please stop. Thank you
  • #111,766
  • Nov 25, 2020 3:19am Nov 25, 2020 3:19am
Quoting tommydoginti
{quote} Hi DrDave can you please stop? TBH I could only see you always start a post wanting to argue, and never give your opinion on trading. No live trading sharing, no directive guidance to members asking questions (“what matters most is YOUR decision...” really doesnt count). Good or not, agreeing or disagreeing with others, even E and T could give constructive comments to (each) others. They have their points of view turned out correct or wrong at the end of a trade, but they do share. TBH I think people here, despite of dislike or disagree...
you always start a post wanting to argue, and never give your opinion on trading. No live trading sharing, no directive guidance to members asking questions (“what matters most is YOUR decision...” really doesnt count).
Looks like you have selective reading. But it is quite common to present material that is contrary to fact when trying to convince others of your position. so, contrary to what you say, this is from a recent post.
For the EURAUD H4, a higher timeframe rather recently went down, so this up move should be treated as a mere rally unless evidence to the contrary develops. Therefore, buying would be counter-trend trading, so the caveats of counter-trend moves should be considered.

With that said, I would pass on buying and wait for the rally to complete and then look for a continuation sell to enter.
To free Gazans of Hamas, use whatever it takes.
  • #111,767
  • Nov 25, 2020 4:26am Nov 25, 2020 4:26am
Hello to all.
can i have your comments on my entry ( blue vertical line )
This time i use the template from Big E. i dont use tradingview
Thank you !
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  • #111,768
  • Nov 25, 2020 4:30am Nov 25, 2020 4:30am
can you help on which pairs to focus with the strategy ? i trade whole London session + first 8 hours from NY session ?

thank you in advance
  • #111,769
  • Nov 25, 2020 4:50am Nov 25, 2020 4:50am
Quoting DrDave
{quote} you always start a post wanting to argue, and never give your opinion on trading. No live trading sharing, no directive guidance to members asking questions (“what matters most is YOUR decision...” really doesnt count). Looks like you have selective reading. But it is quite common to present material that is contrary to fact when trying to convince others of your position. so, contrary to what you say, this is from a recent post. For the EURAUD H4, a higher timeframe...

LOL.

Just one post comment to another member' trade post you just score 1 of 2226.

there rest of your 2225 post are just rubbish nonsense.
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,770
  • Nov 25, 2020 4:50am Nov 25, 2020 4:50am
@emmanuel7788
Hi bro!! Sorry to divert this topic.. You are the creator of the script : draw_linesBuy EP SL TP. Ex4? I am not a programmer I have looked for a way to do it in mt5 but I could not have it in mq5?
  • #111,771
  • Nov 25, 2020 4:57am Nov 25, 2020 4:57am
Quoting DrDave
{quote} For the EURAUD H4, a higher timeframe rather recently went down, so this up move should be treated as a mere rally unless evidence to the contrary develops. Therefore, buying would be counter-trend trading, so the caveats of counter-trend moves should be considered. With that said, I would pass on buying and wait for the rally to complete and then look for a continuation sell to enter. {image}

Keep It Simple: Learn from TMS traders during the period 2010 to 2011.

TMS _V19 shows the Weekly Trend was down for 2 consecutive weeks Nov 09 to 20. And TDI C1 Daily MBL also show the same direction with the green below the yellow MBL and below 50-level.

FakeDr aka FakeTradingMadeSimpleGURU

see recent post #111,738 and TMS_V19 update below

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,772
  • Nov 25, 2020 5:00am Nov 25, 2020 5:00am
Quoting deibys002
@emmanuel7788 Hi bro!! Sorry to divert this topic.. You are the creator of the script : draw_linesBuy EP SL TP. Ex4? I am not a programmer I have looked for a way to do it in mt5 but I could not have it in mq5?
sorry there is no mql5 version.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,773
  • Nov 25, 2020 5:05am Nov 25, 2020 5:05am
Quoting toti1985
Hello to all. can i have your comments on my entry ( blue vertical line ) This time i use the template from Big E. i dont use tradingview Thank you ! {image}
there is good enough PA to scalp this setup for some pips.

Note the TMS_V19 information panel.

The H4 TDI VB is widening ... good sign but there are risk seeing this TDI now

and when US market session opens a lot can happen when DOW hit 30,000 level.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Nov 25 H4 TMS_V19 25-11-2020 7-01-28 pm.png Size: 88 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,774
  • Edited 5:20am Nov 25, 2020 5:10am | Edited 5:20am
Quoting toti1985
can you help on which pairs to focus with the strategy ? i trade whole London session + first 8 hours from NY session ? thank you in advance
To both your posts.
Nothing wrong with entry.
- Write down why you took that TDI setup, what you did look at, compare with your checklist.
----
Read post#63 for the pairs BigE traded.
Don't know how long you have been trading, suggest to go for one pair for now to learn to how to use TDI with post#647.
----
Stay with what BigE has posted in this thread, follow his advice.

They do work, without the added flavour posted by members.
  • #111,775
  • Edited 5:26am Nov 25, 2020 5:13am | Edited 5:26am
Quoting hasib
{quote} I am using .5% risk every trade I took. I usually use 25 pips stop for 50 tp.
Hasib, I can only recommend you to forget about the 1:1, 1:2, 1:3 or what ever else type of risk/reward ratio and rather start concentrate on making real money consistently by risking a bit more than a 0.5% on a single trade. Otherwise you are going to waste a lot of time and probably energy (like i did) with trying to become a professional trader. Professional traders donīt do that.

You can plan your risk in advance by setting a SL or going counter (hedge), but thatīs it. Once you put the trade on IF you reach that TP of 1 or 2 or 3 times than what you risk is nothing you can plan/count on (so donīt use it). Such risk/rewards is HOPEFULL thinking, nothing else. Nothing to do wih reality. Maybe you hit such TP, maybe not. If you donīt hit it 100% every time on every particular trade all your risk/reward calculation goes out the window and therefor your hole plan / trading strategy built around such WISH/HOPE becomes weak.

Not even your planed in advance SL is a bullet-proof thing unless you are not trading with a guranteed stop under fixed trading fees (just keep that ind mind).

Also stop with that demo trading or trying to get funded through what ever trading challenge you found on the internet because you donīt have any capital you could set at risk coming out of your own pockets. Get real...

You donīt need millions. But maybe start putting aside a little and start with trading a real $10-$25k by risking at least 3-5% on a single trade if you are looking forward to achieve something like a 10% a month.
  • #111,776
  • Nov 25, 2020 5:28am Nov 25, 2020 5:28am
Quoting emmanuel7788
{quote} there is good enough PA to scalp this setup for some pips. Note the TMS_V19 information panel. The H4 TDI VB is widening ... good sign but there are risk seeing this TDI now and when US market session opens a lot can happen when DOW hit 30,000 level. {image}
as i see it TDI have a good angle , Stoch also is in the same direction , previous candle is small. it is in area of Resistance . i think the check list which should i make for every trade is full. I use only the original template of Big E.
  • #111,777
  • Nov 25, 2020 5:47am Nov 25, 2020 5:47am
Quoting toti1985
{quote} as i see it TDI have a good angle , Stoch also is in the same direction , previous candle is small. it is in area of Resistance . i think the check list which should i make for every trade is full. I use only the original template of Big E.

important checklist to be written using Post#261 basic 5-Method trade setup conditions checklist

and

Post#647 as your daily trade plan checklist and your pre-check before you pull the trigger.

below is my TMS_V19 information and alerts,

the PA is a Master Candle consolidation and the setup you took was a Bearish Engulfing Outside Bar.
the RSI green price line data you can see in the TMSTDIWatchDog
Prev Slope 7.0 (the small bar/candle before the BEOB)
Curr Slope 6.3 (the BEOB)

as I mentioned there are risks and it is up to you to see those risks and mitigate them when you open short.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Nov 25 H4 update 25-11-2020 7-39-38 pm.png Size: 105 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,778
  • Nov 25, 2020 5:53am Nov 25, 2020 5:53am
Quoting emmanuel7788
{quote} LOL. Just one post comment to another member' trade post you just score 1 of 2226. there rest of your 2225 post are just rubbish nonsense. {image}
Holy, moly @DrDeceit -- you've only been posting since July and already you are #3 on the list. And the trajectory of your posting frequency has you on track to pass @Tekkies sometime in February. And @Tekkies has been posting for 5 years!!

@DrDeceit -- and you're the one complaining about all the toxic comments? @DrDeceit -- you're a funny man, in a very strange way...
  • #111,779
  • Nov 25, 2020 6:01am Nov 25, 2020 6:01am
Quoting lddd
{quote} Hasib, I can only recommend you to forget about the 1:1, 1:2, 1:3 or what ever else type of risk/reward ratio and rather start concentrate on making real money consistently by risking a bit more than a 0.5% on a single trade. Otherwise you are going to waste a lot of time and probably energy (like i did) with trying to become a professional trader. Professional traders donīt do that. You can plan your risk in advance by setting a SL or going counter (hedge), but thatīs it. Once you put the trade on IF you reach that TP of 1 or 2 or 3 times...
Hasib, I can only recommend you to forget about the 1:1, 1:2, 1:3 or what ever else type of risk/reward ratio and rather start concentrate on making real money consistently ... Such risk/rewards is HOPEFULL thinking, nothing else. Nothing to do wih reality. ... If you donīt hit it 100% every time on every particular trade all your risk/reward calculation goes out the window and therefor your hole plan / trading strategy built around such WISH/HOPE becomes weak.

Those are words to the wise!

Few people actually apply the R:R model to produce any meaningful statistics, anyway. It is mostly used to generate "feel good" moments when a move exceeds whatever was put for the original TP.
To free Gazans of Hamas, use whatever it takes.
  • #111,780
  • Nov 25, 2020 6:30am Nov 25, 2020 6:30am
Quoting lddd
{quote} Hasib, I can only recommend you to forget about the 1:1, 1:2, 1:3 or what ever else type of risk/reward ratio and rather start concentrate on making real money consistently by risking a bit more than a 0.5% on a single trade. Otherwise you are going to waste a lot of time and probably energy (like i did) with trying to become a professional trader. Professional traders donīt do that. You can plan your risk in advance by setting a SL or going counter (hedge), but thatīs it. Once you put the trade on IF you reach that TP of 1 or 2 or 3 times...
Yes, I will start the Funded trader challenge. I am just preparing myself. I Have some problem when comes to trading. some times I get a little crazy and I open too many trades one single signal. especially happens when I lose money. Not always but from time to time I do this kind of stupid behavior. I have to stop it, it is my number one problem. Because of this, I destroy all the winning trades. I have to create a checklist to stop it and I have to have a trade management system that will manage my trade so that I could focus on the overall trading business. If you know any ATR-based Tradmanagement EA Let me know.
MA provides the market's current direction and strength.
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