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Trading Made Simple

  • #112,881
  • Dec 10, 2020 8:45am Dec 10, 2020 8:45am
Quoting Sunfrog
{quote} Tekkies that's actually a good point. I probably shouldn't add the stoch but I thought that adding it may further increase my win percentage.
"I thought" means you are not comfortable that.

Do what you intended to do, add stoch to your chart. The benefit is two folded:
Win percentage can increase / you gain more confidence in your own method.

Does does not improve win percentage remove it, you feel less confidence afterword's put it back.
It is your method, you MUST feel at all times comfortable using it.
does improve win rate and you don't feel happy about it, what are you going to do?
Live with it? It will be like a itch on your back where fingers can not reach to scratch.

Please don't go by what I post, made only a observation.
-----
Be careful also. This time it is Stoch, what about that stoploss you always place wrong? Up goes ATR because most trader's use it for SL.
Then it is NONLagMA for that extra 1% increase in win rate.
  • #112,882
  • Dec 10, 2020 8:53am Dec 10, 2020 8:53am
Quoting hasib
{quote} What did he mean by this.
Hi hasib,

CSTSL = CandlestickTrailingStopLoss

God bless!
The only impartial feeling is love. It is also the only feeling of God.
  • #112,883
  • Dec 10, 2020 9:13am Dec 10, 2020 9:13am
Quoting emmanuel7788
{quote} yes, AU ran into quick profit sooner than AJ.
are you still holding your long AUDUSD?
  • #112,884
  • Dec 10, 2020 9:30am Dec 10, 2020 9:30am
Quoting Tekkies
{quote} "I thought" means you are not comfortable that. Do what you intended to do, add stoch to your chart. The benefit is two folded: Win percentage can increase / you gain more confidence in your own method. Does does not improve win percentage remove it, you feel less confidence afterword's put it back. It is your method, you MUST feel at all times comfortable using it. does improve win rate and you don't feel happy about it, what are you going to do? Live with it? It will be like a itch on your back where fingers...
As long as you are considering to add or remove the stochastic, why not apply similar logic to every indicator on the chart? How about HA bars? Maybe removing them would give you better results. How about the TDI? The blue and yellow lines could be added and maybe you would get better results. Or the green and red could be removed and maybe you would get better results. And how about just removing the price bars all together and just use tick-by-tick values?

Or go to the EXTREME and strip your charts to nothing at all! No indicators, no price, no time, just a blank screen! Then just use a random number generator to find a price and place pending orders in both directions with OCO at that price. Then close the trade whenever you feel that you have enough profit or enough loss.
To free Gazans of Hamas, use whatever it takes.
  • #112,885
  • Dec 10, 2020 9:38am Dec 10, 2020 9:38am
Quoting DrDave
{quote}no price, no time,Then close the trade whenever you feel that you have enough profit or enough loss.
Actually saw a trading ''strategy'' like that on youtube once.
The guy only had MACD with crazy parameters and removed price candlesticks from chart, it was just blank.
So he was doing the golden crosses and claiming that even that way he can make money...
Mad world
  • #112,886
  • Dec 10, 2020 10:43am Dec 10, 2020 10:43am
Quoting emmanuel7788
{quote} well, it was his own trade plan and his own trading decision to trade when the H4 price action is still within that Master Candle CONSOLIDATION. Big E' advice is not to trade when PA is in or near a CONSOLIDATION Post#647. The Trend 2/8 Weekly is bullish GREEN. Trend 2/8 Daily is ranging. The Daily TDIC1 is RED there is risk to buy when the green is below the red. Today I did not trade EURUSD, I hit my daily target 60%. {image}
Hello Emmanuel, can you please explain me this remark which you wrote earlier .i am trying to find my mistakes after every trade " decision to trade when the H4 price action is still within that Master Candle CONSOLIDATION "

Which one you count as a master candle on 4H chart

Thank you in advance !
  • #112,887
  • Dec 10, 2020 11:01am Dec 10, 2020 11:01am
Quoting DrDave
{quote} As long as you are considering to add or remove the stochastic, why not apply similar logic to every indicator on the chart? How about HA bars? Maybe removing them would give you better results. How about the TDI? The blue and yellow lines could be added and maybe you would get better results. Or the green and red could be removed and maybe you would get better results. And how about just removing the price bars all together and just use tick-by-tick values? Or go to the EXTREME and strip your charts to nothing at all! No indicators, no...
How about HA bars? Maybe removing them would give you better results. Why not
or
Clean chart, why not?

Comes down to this: It is your method, you MUST feel at all times comfortable using it!!!!!!
Use what ever floats your boat.
  • #112,888
  • Dec 10, 2020 12:01pm Dec 10, 2020 12:01pm
Quoting toti1985
{quote} Hello Emmanuel, can you please explain me this remark which you wrote earlier .i am trying to find my mistakes after every trade " decision to trade when the H4 price action is still within that Master Candle CONSOLIDATION " Which one you count as a master candle on 4H chart Thank you in advance !
It is basic candle pattern. Google it. You find. In ff some good thread exist to learn those.
First candle is master candle and second candle is within the range. Hope it helps.
Attached Image
MA provides the market's current direction and strength.
  • #112,889
  • Dec 10, 2020 12:14pm Dec 10, 2020 12:14pm
Gu within master candle range.
now question is how we are going to trade?
Attached Image
MA provides the market's current direction and strength.
  • #112,890
  • Dec 10, 2020 12:21pm Dec 10, 2020 12:21pm
We should wait because some things is coming.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20201211-001905_cropped.png Size: 43 KB
MA provides the market's current direction and strength.
  • #112,891
  • Dec 10, 2020 12:30pm Dec 10, 2020 12:30pm
Quoting hasib
We should wait because some things is coming. {image}
Let's see if Bailey Bails out or not
  • #112,892
  • Dec 10, 2020 3:00pm Dec 10, 2020 3:00pm
Hi EM and all

Double Stochastic and RSI does not improve the RH method, In fact, it Reduce the win rate After Testing it in GU H1 Chat I come to this conclusion. Where 5 ema and HMA performed better than those Below window indicators.
MA provides the market's current direction and strength.
  • #112,893
  • Dec 10, 2020 3:59pm Dec 10, 2020 3:59pm
Quoting hasib
We should wait because some things is coming. {image}
EG with 5 yearly highs established ... 'carved in stone',

how much more can this week and the next 3 weeks move?

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Weekly Highs 11-12-2020 5-51-27 am.png Size: 33 KB


it will be the most exciting festive weeks Dec 18 to Dec 31



buy:sell ... 60:40
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,894
  • Dec 10, 2020 4:05pm Dec 10, 2020 4:05pm
Quoting toti1985
{quote} are you still holding your long AUDUSD?

No. I close all position 3 hours after London Open, and did not trade AU during the NY session.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,895
  • Dec 10, 2020 4:21pm Dec 10, 2020 4:21pm
Quoting toti1985
{quote} Hello Emmanuel, can you please explain me this remark which you wrote earlier .i am trying to find my mistakes after every trade " decision to trade when the H4 price action is still within that Master Candle CONSOLIDATION " Which one you count as a master candle on 4H chart Thank you in advance !
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Dec 10 H4 empty space 10-12-2020 8-18-42 pm.png Size: 76 KB


yesterday we were trading the PA within the high and low of that H4 Master Candle and 'empty space' above it and below it.

the H4 Price Action ... HA candles is above its 5EMA, we follow the HA PA + 5EMA and the Trend 2/8 is green bullish

we see the breakout to the upside 'empty space' which is in the direction of the Trend 2/8

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 Dec 10 MC[3] 11-12-2020 6-08-55 am.png Size: 71 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,896
  • Dec 10, 2020 4:33pm Dec 10, 2020 4:33pm
Quoting LvMMT
{quote} Hi hasib, CSTSL = CandlestickTrailingStopLoss God bless!

specifically using the HeikenAshi candles for the CSTSL not the price OHLC bars
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,897
  • Dec 10, 2020 4:35pm Dec 10, 2020 4:35pm
Quoting hasib
{quote} It is basic candle pattern. Google it. You find. In ff some good thread exist to learn those. First candle is master candle and second candle is within the range. Hope it helps. {image}

that has a better known name Mother Bar/candle and Inside Bar/candle ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,898
  • Dec 10, 2020 4:46pm Dec 10, 2020 4:46pm
Quoting emmanuel7788
{quote} {image} yesterday we were trading the PA within the high and low of that H4 Master Candle and 'empty space' above it and below it. the H4 Price Action ... HA candles is above its 5EMA, we follow the HA PA + 5EMA and the Trend 2/8 is green bullish we see the breakout to the upside 'empty space' which is in the direction of the Trend 2/8 {image}
Can you tell me why my watchdog is missing this line on the picture below ?
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: E5B10E8A-56EB-457A-A5B7-B257999FFD6F.jpeg Size: 817 KB
  • #112,899
  • Dec 10, 2020 4:48pm Dec 10, 2020 4:48pm
Quoting hasib
Gu within master candle range. now question is how we are going to trade? {image}
Three Powerful FOREX Price Patterns

there are 4 ways to trade that price action,

depends on the bigger picture and if you have Plan A and Plan B and a Plan C.

click to download { here }

Two of my favourite Candlestick (CS) patterns are the Inside Bars and Outside Bars which are very common. These are good to lookout for when we missed the start of new trend and missed that APB candle#1 and candle#2, we can still look for CS patterns to look for CONTINUATION and jump into the market. Therefore, you must be innovative to look for price action market entry other than TDI cross for entry. The TDI 12-2 and 4-6 type of entries are always the results of the price action supported by CS patterns.
Study your charts and learn to spot these type of conditions and practice your entries.

When trading TMS, learn to scale-out and scale-in positions. This should an integral part of the WINNING EDGE you need to achieve higher win-rate in TMS. The Single Entry Single Exit (SE/SE) is very difficult for most traders and to achieve the high win-loss ratio and high R:R for long term success.

You need to know how to build up positions in the market. If you still do not know please ask. I can repeat these again and again if I have to.

Learn to Trade, and Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,900
  • Dec 10, 2020 4:56pm Dec 10, 2020 4:56pm
Quoting T4Trade
{quote} Emm,my question to you is why do u use 2/8 of W1,sicne we are trading 4h-1h-15 min,is it not good keeping 2/8 of D? please share your thoughts behind it,thnks
First, we all take the OP Big E' advice and make the transition to trade the 4hr during the London session and also trade the Daily.

Many traders trading H1 and M15 are doom to fail when they continue to trade with the green cross red without a view of several things, for example the market volatility during the day, trading with fix lot size without proper use of strategic stop loss as the Risk and Position Sizing, etc... lots of reasons why traders lose money over long term.

"Don't get fired ! ... " is the OP' warning and that was very early in this thread when he saw a few members got euphoric after 1~2 weeks winning streak.

#281
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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