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Trading Made Simple

  • #112,981
  • Dec 12, 2020 3:06am Dec 12, 2020 3:06am
Trading will get more difficult for retail traders for more and more countries.

Many will have to forget about trading with $200 account and 100:1 leverage

https://www.forexfactory.com/thread/...t-intervention

Trading USD10,000 leverage 50:1 and 25:1 will be the future.

Start getting use to this.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,982
  • Dec 12, 2020 3:17am Dec 12, 2020 3:17am
Quoting emmanuel7788
Trading will get more difficult for retail traders for more and more countries. Many will have to forget about trading with $200 account and 100:1 leverage https://www.forexfactory.com/thread/...t-intervention Trading USD10,000 leverage 50:1 and 25:1 will be the future. Start getting use to this.
bull shit! i will keep and continue trading with 1:500 leverage .just immigrate to off shore and non asic regulation
  • #112,983
  • Dec 12, 2020 3:37am Dec 12, 2020 3:37am
Quoting pridolfx
{quote} bull shit! i will keep and continue trading with 1:500 leverage .just immigrate to off shore and non asic regulation

yes, many people do that and have off-shore trading account.

last year, ICMarkets moved many of their overseas customers non-Australian citizens to their branch outside Australia.

there are pros and cons.

but looking forward to the next 5 years and beyond, I see more and more countries will face with tough regulatory controls.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,984
  • Dec 12, 2020 4:07am Dec 12, 2020 4:07am
Quoting emmanuel7788
{quote} Actually it was Big E who taught me many things. One of the many things he taught me is that a 70% blind man like him sees more than the man who is not blind. TMS_V19 and @TMSTDI_WatchDog and TMS Monitor all show the same RSI green line slope better than we trying to guess what time it is 12-2 or 4-6 clock . WE have to thank the experience of older members back in 2011 who contrubuted in this thread. Thanks to members - seller9, plamendp and...
Hello Emmanuel . Can you share for me some pdf manual for TMS_V19 ? If there is any of course. Thank you !
  • #112,985
  • Dec 12, 2020 4:56am Dec 12, 2020 4:56am
Quoting emmanuel7788
{quote} EJ has an ATR(H4) of about 26 pips. To get get +10pips, +20pips and +30pips, ... in 1 to 2 candles not easy when the market is sideways and narrow range, which mean you have to get in at and near the top/bottoms and the rest is your exit strategy how you manage the trades. EJ post-mortem POMO review : - what was the Asian high-low yesterday? - where are the most recent PPA swing highs & swing lows? - where are the previous Day' OHLC in particular Friday' Dec 11 Day' Open? was there any gap from the previous day close ? - what price action...
on the picture with green line i put current day 11 DEC high and lows asian session , yellow line was the high and low of the previous day. blue dots is my current day opening price .
arrows 1 and 2 are the frankfurt open and london open.
4H chart before Franfurt open was already bearish and there was a cross on the TDI. I should enter, but i missed it . so i enter on the bounce after 1st candle of US session . my TP was 125.80 where was the previous day low. Since i am trading on 1h chart i am checking before the enter 4h and 1d chart.
You are writing me that there was 3 possible entries , but when you trade on 15m chart. for me was only 2 - after Frankfurt on 1h chart and after US open on 1h chart again. i notice that the bounce and the cross near 50 level of TDI ( below 50 for short and above 50 level for long ) is more secure enter. 32 and 68 levels of TDI i am watching only for reverse. I know that it is not original system of Big E , but i feel more secure for my trade.
correct me if am wrong somewhere. You are always mention the M15 chart , because i see that this is your strategy , but i dont want even to look at this TF . i want ot check 1h,4h,dayli and maybe weekly.M15 is too fast for me and confusing me ( like the Big E ). too many stress . less stress = much better trades and much more confidence.
Thank you in advance for your comments!
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  • #112,986
  • Dec 12, 2020 5:05am Dec 12, 2020 5:05am
Quoting Tekkies
{quote} We do. Post 112,950: " i am checking each pair every 1 hour 15 mins before the candle to close" - Will check each pair on H1 timeframe every 45 mins.
i missed one comma in my sentence. do you know what is comma ? comma = ,
really you posted few comments about this ????!??!?!?!?

i think you should find some real job , not to waste your time here ....
  • #112,987
  • Edited 5:51am Dec 12, 2020 5:41am | Edited 5:51am
Can anyone refer me a free EA that will please 2 atr stop loss and 3 atr TP.
Of cause I could edit the ATR value. If I want I could give impute to EA so that EA close Half positons once 1 ATR Hit.

For My trade management, I am currently using swiss army EA
This ea please stop and trail stop but could not close half positions, other than that it is good EA.

Today I found this ATR Trailer but I don't know how it works.
I Need a EA that is Trail stop by atr give stop and tp by atr and close % by ATR.
Attached File(s)
File Type: mq4 ATR-Trailer.mq4   6 KB | 280 downloads
MA provides the market's current direction and strength.
  • #112,988
  • Dec 12, 2020 6:36am Dec 12, 2020 6:36am
I will use this RSI Dashboard for discretionary decisions making.
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MA provides the market's current direction and strength.
  • #112,989
  • Dec 12, 2020 7:31am Dec 12, 2020 7:31am
Quoting toti1985
{quote} i missed one comma in my sentence. do you know what is comma ? comma = , really you posted few comments about this ????!??!?!?!? i think you should find some real job , not to waste your time here ....
Starting of submitting negative or derogatory content?
(Are you a child or an adult with low IQ to restore such post's?)
-----
Food for thought:
One day or even now, a newbie trader is / going to follow what you post.
Grammatical errors can and will be a stumbling block for those that English is a foreign languages.
  • #112,990
  • Dec 12, 2020 8:28am Dec 12, 2020 8:28am
Quoting hasib
I will use this RSI Dashboard for discretionary decisions making. {image}
I really worry that your chance of passing Prop firm challenge is getting slimmer every day. I highly suggest you not to think about taking it, better spend the money on something you like.

also focus on one strategy to start with, pick the indicators you want. Then fix you strategy and follow it for a while before even changing any parameters, DONT CHANGE/ADD/REMOVE anything until you achieve consistent gain (or loss) and see ways to improve it.
You are slowing yourself down pretty badly. Sad but true, you are going in circle and I see you have 0% to profit at this stage
  • #112,991
  • Dec 12, 2020 8:37am Dec 12, 2020 8:37am
Quoting hasib
I will use this RSI Dashboard for discretionary decisions making. {image}
hasib

I agree with the poster of post 112992.

I would also suggest that you stay away from forums while you do that(reading/posting).

It is clear that your mind is full of forum stuff and not focused on trading.

Best wishes.

Trade well / Mos
Don't limit yourself!!
  • #112,992
  • Edited 9:09am Dec 12, 2020 8:58am | Edited 9:09am
Quoting toti1985
{quote} on the picture with green line i put current day 11 DEC high and lows asian session , yellow line was the high and low of the previous day. blue dots is my current day opening price . arrows 1 and 2 are the frankfurt open and london open. 4H chart before Franfurt open was already bearish and there was a cross on the TDI. I should enter, but i missed it . so i enter on the bounce after 1st candle of US session . my TP was 125.80 where was the previous day low. Since i am trading on 1h chart i am checking before the enter 4h and 1d chart....
Toti, is this "TDI as helping indicator to the Stoch" correct, according to BigE's post's in this thread?
  • #112,993
  • Dec 12, 2020 12:30pm Dec 12, 2020 12:30pm
how many of them I Identify correctly.
If I make any mistake Please correct me.
Thanks
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MA provides the market's current direction and strength.
  • #112,994
  • Dec 12, 2020 7:22pm Dec 12, 2020 7:22pm
Quoting hasib
how many of them I Identify correctly. If I make any mistake Please correct me. Thanks {image}
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hi hasib

I see that you also work hard when the market is closed.
You will learn a lot , much more than others who think otherwise . All these additional hours you put into this adds up to the 10,000 hours .
You will develop your 'third eye' for trading. Big E has his 'third eye' even though his two physical eyes were partially blind almost 70%.

My comments:

I see you have names given to each of those candles - BOB, IVB, OVB.
Different traders give different names to their candles.
Thomas Bulkowski has a lot of different names. http://thepatternsite.com/

No matter what you name your candle types, what you need see is the price action and recent price action to look for 'support & resistance' using those Japanese candles.

What I did not see on your chart are :-

1) the swing highs and swing lows.

2) the swing high + reversal, the swing low + reversal

3) the reversal candles at swing highs, and at swing lows

4) the big picture price action when the price made two consecutive higher_highs and then fails to continue with higher_higher+ higher Close and
the opposite, when price made two consecutive lower_lows and then fails to make lower_low+ lower Close

5) big candle with smaller candles regardless the relative size of big and small.


...stay tuned for more!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,995
  • Dec 12, 2020 7:43pm Dec 12, 2020 7:43pm
Quoting toti1985
{quote} on the picture with green line i put current day 11 DEC high and lows asian session , yellow line was the high and low of the previous day. blue dots is my current day opening price . arrows 1 and 2 are the frankfurt open and london open.


4H chart before Franfurt open was already bearish and there was a cross on the TDI. I should enter, but i missed it . so i enter on the bounce after 1st candle of US session . my TP was 125.80 where was the previous day low. Since i am trading on 1h chart i am checking...
I'll do it one step at a time :
- start when Sydney open then follow the market one bar at a time.
- I trade the Sydney Open and Tokyo Open, usually for 2 to 3 hours, sometimes more.
- I wait for Sydney 2 hours to close and check the 2-hours high low range. { SYD_2H }
- then I'll trade the Tokyo Open for breakout of the Sydney_2hour high/low.
- Next I wait for the Tokyo lunch hour and check the 5 hours high-low... { TOK_5H }

- With the TOK_5H seen, I wait for the H4 trade setups and the H1 trade setups.
- my Day Open is Sydney Open, and also my H4 starts at Sydney Open, then every 4 hours.
- FO and LO are in the same H4 candle and also the Tokyo Close is in this same H4 candle.

so far, okay?

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,996
  • Dec 12, 2020 8:00pm Dec 12, 2020 8:00pm
Everyone who knows the OP Eric Franz aka eelfranz aka Big E,

knew that for many years that he was always testing, tweeking, adding and removing indicators and other stuff from other systems/methods, etc. looking for improvements.

He was not looming for the holy grail because he knew from his 10 years trading the stock markets that there is no holy grail and all the stuff he share in Forex Factory none is holy grail.

He was a honest person. He also would admit any mistake he made in the past and would post corrections.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,997
  • Dec 12, 2020 8:14pm Dec 12, 2020 8:14pm
Quoting hasib
Can anyone refer me a free EA that will please 2 atr stop loss and 3 atr TP. Of cause I could edit the ATR value. If I want I could give impute to EA so that EA close Half positons once 1 ATR Hit. For My trade management, I am currently using swiss army EA This ea please stop and trail stop but could not close half positions, other than that it is good EA. Today I found this ATR Trailer but I don't know how it works. I Need a EA that is Trail stop by atr give stop and tp by atr and close % by ATR. {file}
When you have settled and finalised the trade setups and entry requirements for your three trading systems, then you would be able to decide the exit strategies for each of the three systems. Do you now have three systems? or do you have more systems?

For one of my trading system for day-trading, I have been using caveman's THV CaveManager CM as the trade manager EA for many years. The first CM version was in 2010.

CM has many features and options. You want to use the ATR for your exit strategy, this is also available feature and options. CM has also Big E' "_capital protection_" which many of TMS traders use.

THV CaveManager EA.
Download the trade manager EA and pdf description from original thread / post by Caveman: Post# 18,455
Both the EA and pdf description are in Post#30,032
User guide by FF member Lookleft Post# 58,004
I made a pdf for member hsn100.
CM parameter setting for HSN : Post#56,308
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,998
  • Dec 12, 2020 8:20pm Dec 12, 2020 8:20pm
Quoting hasib
I will use this RSI Dashboard for discretionary decisions making. {image}

I got your hint ...

I'll do the same next week trade once every . ... ... ... ...

only five times a day!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,999
  • Dec 12, 2020 8:25pm Dec 12, 2020 8:25pm
Quoting hasib
I will use this RSI Dashboard for discretionary decisions making. {image}
GBPUSD Dec 11 Close.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 50 Dec 11 Closed 13-12-2020 10-23-51 am.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,000
  • Dec 12, 2020 8:41pm Dec 12, 2020 8:41pm
Quoting toti1985
{quote} I am little bit confused now... you are speaking about EURUSD or EURJPY which i posted before 1 hour ? About the TMS monitor i dont know what it gives , because i dont use it . i am checking each pair every 1 hour ,15 mins before the candle to close . so i can not tell what the TMS gave as a signal. i am monitoring 11 pairs during my trading day . post picture with example so that we can understand each other more clearly. The idea is to improve myself and increase the % of winning trades, that's why any comments and opinion is welcome from...

checking "checking each pair every 1 hour 15 mins before the candle to close ..."

that is a good trading habit to check 15 mins before the H1 is over. Big E check 10 mins before his broker FXDD next H4 candle open.

that is big E' trade window. and you will find also a setting in TMS_V19 to set a trade window so that you don't missed the setup.
My trade window is 15 to 120 minutes, this way I can enter a H4 trade using M15 or the M15/H1 candle action. There are several entry techniques to consider and these deoends whether you trade the REVERSAL or the CONTINUATION. CNOTINUATION trades are the best and the 'safest' for newbies.

seller9 explained that trade window in his pdf and also a few post examples.
"
UseCandle2TradeWindow = true
"

pdf download:
Manual
https://www.forexfactory.com/showthr...57#post5070757
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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