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Trading Made Simple

  • #118,441
  • May 5, 2021 1:38am May 5, 2021 1:38am
GU May05 H1 London 7:35am ...

wait for FO to complete then look at LO candle...

Attached Image (click to enlarge)
Click to Enlarge Name: Gu May05 H12 FO still open 5-5-2021 2-37-16 pm.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,442
  • May 5, 2021 2:06am May 5, 2021 2:06am
Quoting emmanuel7788
{quote} {image} EU May05 H1 Trade at FO - setup was swing high reversal candle with Inside Bar breakout - quick TP1 +10pips - now watch careful what the reaction at BRN 1.2000 {image}
Hi brother ! I installed EA THV Cave according to you but when placing 10 pips I have locked 1.0 and I have 0.1 lot left. so it did not close 60% correctly when it hit 10 pips: ((
: I entered 1.1 lots
  • #118,443
  • May 5, 2021 2:48am May 5, 2021 2:48am
Quoting mistdraw28
{quote} Hi brother ! I installed EA THV Cave according to you but when placing 10 pips I have locked 1.0 and I have 0.1 lot left. so it did not close 60% correctly when it hit 10 pips: (( : I entered 1.1 lots

take a screenshot and post.

60% of 1.1 lot exit would be TP1 0.66 lot exit.

remaining depends on the other settings.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,444
  • May 5, 2021 3:10am May 5, 2021 3:10am
Quoting emmanuel7788
{quote} take a screenshot and post. 60% of 1.1 lot exit would be TP1 0.66 lot exit. remaining depends on the other settings.
1: 10 pips TP
2: I get out of my hand
Turn off EA when posting questions for you.
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Click to Enlarge Name: Screenshot 2021-05-05 150830.png Size: 243 KB
  • #118,445
  • May 5, 2021 5:21am May 5, 2021 5:21am
TDI bounce trade...

literally 1 minute to TP. Looking for sells at HTF.

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Click to Enlarge Name: A0BAF94A-0640-4EDB-9061-70EAF7FB5AAF.png Size: 364 KB

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  • #118,446
  • May 5, 2021 6:17am May 5, 2021 6:17am
USDCAD May05 H1

- easy trade follow H4 PA below 5EMA

- trade H1 3 bars PCRF reversal

- quick TP1 +10 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UCad May05 H1 trade TP1 5-5-2021 7-15-36 pm.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,447
  • May 5, 2021 6:20am May 5, 2021 6:20am
EurAud May05 H1 trades

- same everyday Follow H4 PA below 5EMA

- trade H1 reversals in the direction of established H4 swing

- two trades, first trade TP1 +10pips then stopped out by the strong pull-back

- 2nd trade re-entry and now TP1 +10pips

Attached Image (click to enlarge)
Click to Enlarge Name: EA May03 H1 trades TP1 5-5-2021 7-18-00 pm.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,448
  • May 5, 2021 7:11am May 5, 2021 7:11am
Quoting emmanuel7788
EurAud May05 H1 trades - same everyday Follow H4 PA below 5EMA - trade H1 reversals in the direction of established H4 swing - two trades, first trade TP1 +10pips then stopped out by the strong pull-back - 2nd trade re-entry and now TP1 +10pips {image}
one meber PM and asked what I meant by :

"...Follow H4 PA below 5EMA - trade H1 reversals in the direction of established H4 swing - "...

maybe this chart below will better explain the H4 I see for both USDCAD and EURAUD H1 trades above

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD May05 H4 V19 w D1 and W1 5-5-2021 7-39-37 pm.png Size: 93 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD May05 H4 V19 w D1 and W1 5-5-2021 7-38-33 pm.png Size: 94 KB


* important note: you have to decide your own risk management and money management - how much $amount you risk based on the H4 V19 information data you see.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,449
  • May 5, 2021 9:32am May 5, 2021 9:32am
TDI bounce trade. good for scalp but aim low as it’s chasing swings. Enter with minimum drawdown when momentum kicks in, exit when swing exhausts.
*edit: that was a slim cross

10pip in 30min.

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  • #118,450
  • May 5, 2021 11:18am May 5, 2021 11:18am
Quoting tommydoginti
TDI bounce trade. good for scalp but aim low as it’s chasing swings. Enter with minimum drawdown when momentum kicks in, exit when swing exhausts. *edit: that was a slim cross 10pip in 30min. {image}{image}
Sell upon TDI cross. Confluence from M15 and M30.

Study and learn from BigE’s posts. Practice and will find the TDI crosses to ride on the momentum.

HTF is the same with lower pace and more pips. Review setups at different time frames to get the idea of scaling. M5-15 are good for 10 pips. H1 and up should aim for 20-50 pips to worth the effort

good night

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  • #118,451
  • May 5, 2021 6:20pm May 5, 2021 6:20pm
EurUsd May06 at 1.2000

If you want to know when EU will leave 1.2000 level follow currency futures.

Today is an important day of the week. Its the same every week.

The TDI green and red lines won't be able to tell you more information.

Attached Image (click to enlarge)
Click to Enlarge Name: EU May06 pipware 6-5-2021 7-20-19 am.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,452
  • May 6, 2021 3:39am May 6, 2021 3:39am
EU May06 H1 London session trade

- breakout of the H1 Master candle CONSOLIDATION range

- still within the H4 HA candle PA
Attached Image (click to enlarge)
Click to Enlarge Name: EU May06 H1 LS trade TP1 6-5-2021 4-36-11 pm.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,453
  • May 6, 2021 3:40am May 6, 2021 3:40am
USDCADMay06 He trade London session

- same trade the breakout of the H1 Master Candle CONSOLIDATION

- within the H4 period

Attached Image (click to enlarge)
Click to Enlarge Name: UCad May06 H1 TP1 LS 6-5-2021 4-36-40 pm.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,454
  • May 6, 2021 3:44am May 6, 2021 3:44am
GU May06 H4

- still waiting for it to move away from the BRN 1.3900

- H4 Master Candle CONSOLIDATION

Attached Image (click to enlarge)
Click to Enlarge Name: GU May06 H4 V19 6-5-2021 4-42-23 pm.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,455
  • May 6, 2021 6:54am May 6, 2021 6:54am
Quoting emmanuel7788
USDCADMay06 He trade London session - same trade the breakout of the H1 Master Candle CONSOLIDATION - within the H4 period {image}
nice to see your winning trades. can you post some of your losing trade too so that others can learn.

Don't you thing half closing reduce profit potential and reduce expectancy.

I stop using trade management ea because it reduce expectancy my forward test results show that.
MA provides the market's current direction and strength.
  • #118,456
  • May 6, 2021 7:09am May 6, 2021 7:09am
Quoting hasib
{quote} nice to see your winning trades. can you post some of your losing trade too so that others can learn. Don't you thing half closing reduce profit potential and reduce expectancy. I stop using trade management ea because it reduce expectancy my forward test results show that.
if you had followed my posts you will see there are losing trades based on my post shpwing the setups entry and exits.

Here today this pair did not lose.

UCad May 06 H1 trades closed and re-entry done now

Attached Image (click to enlarge)
Click to Enlarge Name: UCad May06 H1 trades closed re-entry 6-5-2021 8-07-38 pm.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,457
  • May 6, 2021 7:11am May 6, 2021 7:11am
Quoting emmanuel7788
EU May06 H1 London session trade - breakout of the H1 Master candle CONSOLIDATION range - still within the H4 HA candle PA
Attached Image (click to enlarge)
Click to Enlarge Name: EU May06 H1 LS trade TP1 6-5-2021 4-36-11 pm.png Size: 45 KB

{image}

EU May06 H1 trades closed

- no losers based on the setup, entry and exits

- learn the setups, Follow H4 and trade H1 during London session

Attached Image (click to enlarge)
Click to Enlarge Name: Eu May06 traded closed 6-5-2021 7-59-12 pm.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,458
  • May 6, 2021 7:17am May 6, 2021 7:17am
Quoting hasib
{quote} nice to see your winning trades. can you post some of your losing trade too so that others can learn.


Don't you thing half closing reduce profit potential and reduce expectancy.


I stop using trade management ea because it reduce expectancy my forward test results show that.

You are quite right that partial exit will impact overall Expectancy when you compute the way MT4 accounting which is based on each entry and each exit.

It depends on your exit strategy and your trade manager EA used.

But TMS-II Multi-Lot entry and multiple exits improve the Win Rate.

Using THV CM free up my time in managing the exits. I focus my time to pick the type of setups for day trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,459
  • May 6, 2021 7:19am May 6, 2021 7:19am
Quoting hasib
{quote} nice to see your winning trades. can you post some of your losing trade too so that others can learn. Don't you thing half closing reduce profit potential and reduce expectancy. I stop using trade management ea because it reduce expectancy my forward test results show that.

Here EU May06 H1 buy entry

- re-entry at New York open,

- the setup is BUEOB

- you can follow and see if this ends up a losing trade later.

Attached Image (click to enlarge)
Click to Enlarge Name: EU May06 NY Open buy entry 6-5-2021 8-17-22 pm.png Size: 47 KB


reason for re-entry is based on H4 below

Attached Image (click to enlarge)
Click to Enlarge Name: Eu May06 H4 V19 6-5-2021 8-21-30 pm.png Size: 74 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,460
  • May 6, 2021 7:25am May 6, 2021 7:25am
GU May06 H4 at NYO

- you are not going to trade such market conditions to avoid losing money.

Attached Image (click to enlarge)
Click to Enlarge Name: GU May06 H4 V19 6-5-2021 8-23-50 pm.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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