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Effortless Trading Explained + FAQ

  • Post #241
  • Quote
  • Edited at 6:13pm Jan 23, 2021 1:16pm | Edited at 6:13pm
Quoting Ziemowit
I have 3 questiones: 1. We have red dashed trend lines , yesterday it matched perfect 1.2120 and price have retested this line at least 2 times. My question is how many times you buy when price restest red dashed TL ? I have noticed that it retest up to 3 times and then breaks that level. 2. If the price break most recet red dashed TL next one is still valid ? 3. When the price is above green WMA we always go bullish while below bearish ? Many thanks, Ziemowit {image}
I want to answer your questions with help of Image A1 I shared below..

  1. Question: I buy as long as my "NEWEST" logic works.. Image explains how I improved my previous logic.. The touch to the Dashed trend lines are always like a puzzle.. You must think of all possibilities: A-Will we have a touch? If yes, B-Will it become a bounce up or close below? If it becomes a close below we can't buy. We either wait or scalp-short! If it bounces after the touch then just as I explained on image A1, we mark that candle as a skip candle and wait for the next touch to the Dashed-RED TL..
    *If one of the two following candles touch the Dashed-RED TL we immediately buy and also mark that level as buy level.. After that hopefully the bull trend will continue.. But if you were right and price went up and you took profit but then if price comes back to this buy level you keep buying any new touch to the BUY LEVEL.. (Don't get confused you are always buying the touch to BUY LEVEL)
    **If one of the two following candles can't touch the Dashed-RED TL now you have to wait for a deeper touch and repeat the logic.. The deeper touch will become the skip candle and once one of the 2 following candles touch the Dashed-RED TL you immediately go long and mark that level as buy level.. Rinse and repeat..
    ***But also please know that if any candle closes below the most current buy level after you went long you have to be careful.. You can close your order with loss or you can wait how the deeper touch will act.. It is up to you.. I prefer to wait for 1 more candle or 2 before I decide to accept the loss..
    ****My example was for buying.. flip the whole logic for selling..
  2. Question: I think you mean if the previous Dashed-TL is still valid once price closes below most current Dashed-RED TL.. and the answer is yes.. but you must apply my A1 logic to that line again.. You can not blindly buy the touch.. The crucial trick here is: As long as candles never went below GREEN line all previous Dashed lines are valid.. Once there is a close below GREEN I prefer to ignore all previous Dashed-RED lines and reset my logic.. Again: I explained the buy scenario.. Flip this idea for sell scenarios..
  3. Question: Yes! Above GREEN line we always think of buying dips.. Below GREEN we always think of selling up-swings.. BUT: If your MACD shows divergence or you see evidence that trend might be ending then and only then you can begin to risk scalper sells.. But this is generally not an easy task. So be aware to know what you are doing and don't fall into the nasty habit of trying to pick tops or bottoms.
  4. I couldn't understand your 4th additional question.. Which black moving average are you talking about? If you explain I can answer..

I hope it helps..

Stay Green

Attached Image (click to enlarge)
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Be a seer, not a looker!
Attached Image (click to enlarge)
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Quoting Ata-Turkoglu
Food For Thoughts: Mind the GAP for better entry timing.. I constantly make use of this technique whenever I have defined my entry levels on larger time frames like the H1 or H4.. Then I step down to the M5 chart and do this just before I enter: Notice the MACD bars getting above signal line.. Then notice they are diving back below.. sometimes there can be a slight gap and that's the one we avoid.. Then a bar will come that has a nicely visible gap.. That's the one we are chasing.. Enter at some point where you think "that's the gap my eyes are...

Hi ATA. thanks for everything you do. You are truly a source of inspiration.
What's the period of blu MA (or EMA...or LWMA)?
Quoting EmmeLegend
{image} {quote} Hi ATA. thanks for everything you do. You are truly a source of inspiration. What's the period of blu MA (or EMA...or LWMA)?
That blue line was a LWMA, Period: 108, Shift: 5, Apply to: Close.... I generally use it on M5 chart to keep an eye on what is going on at H1.. I hope it answers your question..

*It is sort of a reflection to LWMA:9, Shift:1 on H1 since 9 * 12[M5 candles] = 108 to show the earliest worthy trend change possible!

Stay Green
Be a seer, not a looker!
Many thanks Ata for your time and response.

The touches you mentioned in A1 are valid for all TF or just H1 and then after the touch we can go on smaller TF ?
My question nr 4 was about the black line i have marked it in attached chart. Is it the megnetic line you draw yourself?

Thanks,
Ziemowit
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Quoting Ziemowit
Many thanks Ata for your time and response. The touches you mentioned in A1 are valid for all TF or just H1 and then after the touch we can go on smaller TF ? My question nr 4 was about the black line i have marked it in attached chart. Is it the megnetic line you draw yourself? Thanks, Ziemowit {image}
You're welcome.. It is always a pleasure to help members

The CORE LOGIC of my angled lines methodology should work on all time frames but the PARAMETERS for GREEN line, all the other moving averages and MACD will have to be altered and optimized for every other time frame.. I suggest you stick to H1 and occasionally to M15 if you don't want to alter any parameters I keep up to date on page 1 info..

Answer to Q4: That black line is a MT4 Moving Average I added to the chart to detect earliest trend changes with settings:
Period:6, Shift:3,
MA method: Linear Weighted Moving Average,
Apply to: Close

Stay Green
Be a seer, not a looker!
One member asked me about when to clone the Dashed Trend lines to the mid section of candles and I explained this way.. It is a good example how big of a difference it makes:

Quoting Glpp
Thx ATA please, when you use middle upper spin or middle body to start Dashed-Blue TL ?
Today we have a situation where even I was wrong in picking the MOFU candle.. Check out my two comparison charts.. I told you it can get tricky.. It turns out the long candle down in fact was a MOFU candle since the mid section works much better than the top.. Can you see how big of a difference it makes? When cloning on top it confused me since last night.. But if I had cloned it to mid section I could just stay away from selling 1.2133 and keep selling 1.2141.. And I could even scalp buy the retouch to close above Dashed-BLUE area (4) on second chart.. It also reveals that there was never a "close-below" Dashed-BLUE and we never should have gone short once price went above 1.2121.. The 2nd image where I cloned it to the mid section is the correct one! In that case, time to sell 1.2141

Good case study lesson

Stay Green
Attached Images (click to enlarge)
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Be a seer, not a looker!
Quoting Glpp
Hi ATA, good morning ! In your system you have to buy with MACD>0 and touch dashed ? I read complete "Effortless Trading Explained + FAQ"
Okay.. well if MACD is above 0 when buying is generally a good thing but it is not a must.. Candles staying above GREEN line is much more important.. Sometimes we have to buy while above GREEN and MACD still below 0.. Or vice versa when selling.. and that is totally normal.. I hope it clarifies

Stay Green
Be a seer, not a looker!
Ata,

Been paper trading your system this week, I would like to say thank you for all your work and for sharing it. I'm still learning it, when I get lost I read your post again and again, as you say rinse and repeat. Your green line and the blue/red T/L's are very accurate, still need to learn the screen size when I draw them but with more practice I'll get it.

Again.
Thank you

Sam Williams
Quoting Ata-Turkoglu
{quote} Okay.. well if MACD is above 0 when buying is generally a good thing but it is not a must.. Candles staying above GREEN line is much more important.. Sometimes we have to buy while above GREEN and MACD still below 0.. Or vice versa when selling.. and that is totally normal.. I hope it clarifies Stay Green
Thanks ATA !
Sorry ATA, one more question !
Why clone 14GMT candle and not 15GMT who close is higher ?
I am trying to automate this system in tradingview !

Thx
Quoting Glpp
Sorry ATA, one more question ! Why clone 14GMT candle and not 15GMT who close is higher ? I am trying to automate this system in tradingview ! Thx
Ok I understand.. well always ask questions by using my or your own charts so I can see what candle you are referring to.. If you post a chart and explain there I can address your problem correctly..
Be a seer, not a looker!
Quoting Glpp
Sorry ATA, one more question ! Why clone 14GMT candle and not 15GMT who close is higher ? I am trying to automate this system in tradingview ! Thx
Meanwhile I checked once again to see what candles you are referring to and I think I see what you are asking.. Now you are saying why I am choosing the long bull candle from 14GMT and not the bear candle from 15GMT..

Okay, first: You are obviously ignoring the whole concept of my "candle pair" logic.. In candle pairs ONLY the first candle matters.. The second candle shows only confusion or trend weakness.. The second candle is an inside bar.. It stays in the shadows of the first candle and therefore doesn't reflect much.. What matters to me is ALWAYS the 1st candle of any candle pair.. In an uptrend it is always a bull candle where we clone the lines to.. In a downtrend it is always a bear candle where we clone the lines to..

One more thing: Don't try to code my logic.. I will never answer everything you ask.. Some parts are still a secret that I keep for myself.. The parts that I revealed are helpful but not to rookie traders.. Only an experienced trader can make use of my system and that's the point because I never want to give "lazy" and "dumb" people easy access to profits.. I want that "thinkers" and "open minded" traders succeed.. But even that is not enough.. I have no intention to help "greedy" and "selfish" people either.. Those who share nothing, never support the poor, only think of spending money on luxury and self entertainment deserve nothing.. For me those type of people are a disgrace to human value..

Anyways.. I hope I answered your question..

Enjoy your weekend..
Be a seer, not a looker!
https://charts.mql5.com/27/611/eurus...ckmill-ltd.png
If it under red, there is a possibility of a "Sell"
likewise, can blue be a signal for going "Buy" above TL?
Thanks in advance
Quoting tmfx
{image} If it under red, there is a possibility of a "Sell" likewise, can blue be a signal for going "Buy" above TL? Thanks in advance
Yes in a bull trend whenever candles close below most recent Dashed-RED TL it can signal that there is significant bull weakness that could allow price to make a deeper correction or even reverse and I often try to counter-trade (scalp-sell) while above GREEN if I also sense momentum.. Same goes for bear trends but flip the story, once candles close above Dashed-BLUE, it can serve to scalp-buy while below GREEN.. What is important here is to ONLY scalp because it is high risk when you go against trend.. 5, 10 and maybe 15 pips targets max. while keeping an eye on where price is related to GREEN line
Be a seer, not a looker!
Quoting Ata-Turkoglu
{quote} Meanwhile I checked once again to see what candles you are referring to and I think I see what you are asking.. Now you are saying why I am choosing the long bull candle from 14GMT and not the bear candle from 15GMT.. Okay, first: You are obviously ignoring the whole concept of my "candle pair" logic.. In candle pairs ONLY the first candle matters.. The second candle shows only confusion or trend weakness.. The second candle is an inside bar.. It stays in the shadows of the first candle and therefore doesn't reflect much.. What matters to...
Thanks ATA
I would like to believe that I am not the person you describe and my code is available to share.
Back to the topic. He was talking about candle number 3 in chart (15 GMT) within the blue-red sequence.

Have a happy weekend
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  • Post #256
  • Quote
  • Edited at 12:08pm Jan 30, 2021 11:57am | Edited at 12:08pm
Quoting Glpp
{quote} Thanks ATA I would like to believe that I am not the person you describe and my code is available to share. Back to the topic. He was talking about candle number 3 in chart (15 GMT) within the blue-red sequence. Have a happy weekend{image}
Ok.. I explained directly on your chart.. Examine my notes and you will figure out where the misunderstanding is.. Good luck

*Of course you are NOT like those people I described.. You are here asking questions and showing effort to learn the logic.. And I can only assume and hope that you are a "sharing-caring person" as well but I can't be sure on that part.. Don't mind me, I simply don't know who you are.. So God knows best..
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Be a seer, not a looker!
Can you put some light on the rules how you pick entry on M15 ? is it MACD ?
Quoting Ziemowit
Can you put some light on the rules how you pick entry on M15 ? is it MACD ?
Ok.. I will try to explain M15 and H1 relation this weekend.. Stay tuned
Be a seer, not a looker!
  • Post #259
  • Quote
  • Edited at 4:38am Feb 6, 2021 4:19am | Edited at 4:38am
Hi Ata, I would like to know about your buy Thursday evening 1.1961. Was it inside the rules of this system (if so, I don't see it) or what logic you follow to open trades in counter trend?
Thanks
Don't mind me folks but I am closing this thread and stop answering because I just realized that everything you need is already included in the material I provided so far throughout the 9 pages this thread has.. Read all the material (including my comments in all the 9 pages) carefully and figure out by your own.. If you can't figure out anything then trading is not for you.. If you figure out a little then have patience and keep improving.. If you figure out everything then build up on it and perfect it for yourself..

From here on I will be on my "EURUSD Only" thread.. Wishing you all the best of success

*Please don't bring in new questions and please mention nothing on the other thread! The other thread is only for EURUSD ideas..
Be a seer, not a looker!
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