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Make Trading simple!

  • #41
  • Edited 2:27pm Oct 21, 2023 2:07pm | Edited 2:27pm
Quoting jmaster
{quote} Questions you have to answer(to all who wants to trade "like you" or just to yourself so you can becoma better): -do you need multiple charts (can you make something on one chart to see what is higher timeframe chart doing without checking it)? -do you need BB and how do you use them? -what is SMA(EMA?) showing to you? -why sometimes you have MACD on your chart and other times you don't (do you really use it?) -why do you use heiken-ashi if indicators tell you when to enter(i guess you use exit as fixed amount)? -can you trade if you hide...
Thanks for the input but I am not taking the time to answer any of those question. As I have no need to prove anything to you or any one. I have made my living in the markets since 1989, Had all the the required licenses and certifications. I retired 7 yrs ago. I know market structure and support and resistance levels. I am not asking anyone to trade like me nor are you required to. I just sharing. If you don't think it is worth you time, then move on. It is all good. I see you started a thread years ago and never really followed through with it. You should. You never know what will spark some one the light comes on their trading goes to a new level. I am just sharing for fun. I do not create content, I am not a teacher with products to sell. Just learned the hard way.

Thank you and have a great day!
  • #42
  • Oct 21, 2023 2:08pm Oct 21, 2023 2:08pm
watch my lips:

Quoting kthrapp350
Anything in this thread is useful in any market.
Quoting kthrapp350
Markets are markets are markets and it just depends on how you want to trade.
Quoting kthrapp350
I started trading in 1995.
Quoting kthrapp350
Then market trades totally different today than it did 25 years ago. And it will continue to evolve.
Observer effect
  • #43
  • Oct 21, 2023 2:29pm Oct 21, 2023 2:29pm
Quoting heispark
{quote} Thank you for starting this thread. I have a question about your entry in the picture below. Your entry looks pretty late in hindsight. It's heading to BB top in lower TF and CCI in higher TF is still below zero line. You said you cut loss quick but you kept it alive even price moved below previous swing low. And I'd like to know more about your usage of BB. Thanks. {image} {image}
the trade you highlighted was good trade. That was not enough of swing to exit the trade. The longer term time frames or tick charts were long so I stayed long.
  • #44
  • Oct 21, 2023 2:32pm Oct 21, 2023 2:32pm
Quoting heispark
{quote} Another example. I think you don't cut your loss quick. {image}
Also on this trade the market momentum was down. This is good trade. The longer charts were down. There has to be room to let trade work out. But I do not lose more than 2 points very often. I would take that trade every time. if the market momentum changed direction then I would get out quickly.
  • #45
  • Oct 21, 2023 3:01pm Oct 21, 2023 3:01pm
Are you able to provide us with a MT4 template? Or at least give the indicator settings and details. I would love to test this system out. Thank u
  • #46
  • Oct 21, 2023 3:42pm Oct 21, 2023 3:42pm
Quoting Kmoney99
Are you able to provide us with a MT4 template? Or at least give the indicator settings and details. I would love to test this system out. Thank u
I do not have any templates for MT4, I have never used that Platform. But my charts are simple. The CCI indicator is set at 20, Just add that to a chart. The BB's are set 20,2 The Stoch- RSI is set 25. Just add them to any chart. What market are you trading? If you are trading something different from my ES contracts you might not want to use the 233 or 610 tick chart.
  • #47
  • Oct 21, 2023 4:00pm Oct 21, 2023 4:00pm
Quoting kthrapp350
{quote} I do not have any templates for MT4, I have never used that Platform. But my charts are simple. The CCI indicator is set at 20, Just add that to a chart. The BB's are set 20,2 The Stoch- RSI is set 25. Just add them to any chart. What market are you trading? If you are trading something different from my ES contracts you might not want to use the 233 or 610 tick chart.
how is it possible that the same settings are good for any timeframe?
If I were to trade on a 1h and 15 minute timeframe, should I always leave these settings?
  • #48
  • Oct 21, 2023 4:06pm Oct 21, 2023 4:06pm
Quoting flavio1900
{quote} how is it possible that the same settings are good for any timeframe? If I were to trade on a 1h and 15 minute timeframe, should I always leave these settings?
what are you trading?
  • #49
  • Oct 21, 2023 4:11pm Oct 21, 2023 4:11pm
Quoting kthrapp350
{quote} I do not have any templates for MT4, I have never used that Platform. But my charts are simple. The CCI indicator is set at 20, Just add that to a chart. The BB's are set 20,2 The Stoch- RSI is set 25. Just add them to any chart. What market are you trading? If you are trading something different from my ES contracts you might not want to use the 233 or 610 tick chart.

i trade forex. Mainly USD/JPY & GBP/JPY

Thanks for the reply boss
  • #50
  • Oct 21, 2023 4:24pm Oct 21, 2023 4:24pm
Quoting kthrapp350
{quote} what are you trading?
forex, majors pair, gold, nas100, us30
  • #51
  • Edited 7:18pm Oct 21, 2023 5:07pm | Edited 7:18pm
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB

This is my 1st hour of trading yesterday. Here is a summary of how it went.
  • #52
  • Oct 21, 2023 5:21pm Oct 21, 2023 5:21pm
Quoting flavio1900
{quote} forex, majors pair, gold, nas100, us30
post a couple of your charts on what you do.
  • #53
  • Oct 21, 2023 5:28pm Oct 21, 2023 5:28pm
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB

These are my trades.
  • #54
  • Oct 21, 2023 6:00pm Oct 21, 2023 6:00pm
This is the corresponding Chart from yesterday. This is my longest tick chart that I keep on my Monitor. It is a 1500 tick chart. Notice the CCI setting is 10 and the sto-RSI is set at 14. Due to the slower chart is the reason for the different setting. On a day like yesterday when the ES trades 2.6 million contracts ( which is a million more than the average) it is ok to go a bigger tick chart.
Attached Image (click to enlarge)
Click to Enlarge Name: ES 12-23 10-20-23-1.png Size: 100 KB
  • #55
  • Edited 6:25pm Oct 21, 2023 6:13pm | Edited 6:25pm
This is another possibility for your charts. This a 300 tick chart of yesterday morning. I was not trading this chart. But I could have very easily. It has two RSI indicators at the bottom. one set to 5 periods with the smoothed average at 15.The other is 20 periods and the smoothed average is at 15. I changed the 30,70 lines to 50. Right in the middle on purpose. When above 50 long when below short. I do that with all my indicators. the zero or 50 line is the most important line. When the signal line crosses then I am looking to trade if possible.
Attached Image (click to enlarge)
Click to Enlarge Name: ES 12-23 10-20-23-3.png Size: 102 KB
  • #56
  • Oct 22, 2023 12:48am Oct 22, 2023 12:48am
Hi Pastor K, this looks like it will be an interesting and educational thread for me. I look forward to learning from you sir. Do you have any problems with the speed of the market for executing your entries and exits not including the times of medium-to-high impact news releases and speeches? Do you experience slippage with your strategy from the sheer speed of the market? Thank you. God Bless.
  • #57
  • Oct 22, 2023 1:25am Oct 22, 2023 1:25am
Morning. I'm fairly new to forex, but please comment on the attached chart. The indicators are the TMA atr 2 periods 500, and the SuperTrend 1.0 - 10.
Simple I know but let me know what you think.
I trade 4 hour charts only.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart.png Size: 13 KB
  • #58
  • Oct 22, 2023 4:56am Oct 22, 2023 4:56am
Quoting kthrapp350
This is the corresponding Chart from yesterday. This is my longest tick chart that I keep on my Monitor. It is a 1500 tick chart. Notice the CCI setting is 10 and the sto-RSI is set at 14. Due to the slower chart is the reason for the different setting. On a day like yesterday when the ES trades 2.6 million contracts ( which is a million more than the average) it is ok to go a bigger tick chart. {image}
Two questions:
1. Trades you showed on screenshot were taken from setups on 1500 tick chart. Am i right?
2. On low or normal volume days you trade on lower ticks charts(233/610)?
  • #59
  • Edited 9:49am Oct 22, 2023 9:00am | Edited 9:49am
Quoting iwan73
{quote} Two questions: 1. Trades you showed on screenshot were taken from setups on 1500 tick chart. Am i right? 2. On low or normal volume days you trade on lower ticks charts(233/610)?
I was using all three. But when it is really fast I slow down. Most of my entries are on the 610. Multiple time frames are very popular, I first learned about this strategy years ago from a book Trading for a living. Came out in the 80's I think by Alexander Elder. It is a great book. He has an updated version out now. Which is old in 2023 but it came out in 2012.

So the 1500 (1598) tick chart, the 610 and 233 charts are very popular in the ES trading world. These are Fibonacci numbers. So people like them. Kind of like the 50 and 200 Ema's. Everyone in the industry uses them. It just takes a little practice to see how the charts work together.

But Friday during the big move down at around 8 am on my charts. When the CCI crossed above the zero line on the 610 chart it would run out of gas and be a losing trade. the 1500 tick chart was still in a down trend. So when the 610 came back down and crossed below the zero line that was a better entry and going with the over all market. It is ok to trade against the trend sometimes. You just have to not be greedy.

You will see in posts of my trades. They are small 4-6 tick trades. When ever I try for more I have a lot more losing trades. So I just keep them small. Fits my trading style. When I get home later I try post an example.

One of the reason I only post two time frames is that it is just easier to learn the concepts. Get the basics down and then expand from there.
  • #60
  • Oct 22, 2023 9:17am Oct 22, 2023 9:17am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB

Here is an example at 8:19 my time. 610 chart was a buy which I took. The 1500 was not a buy. In less than I minute I flipped the trade to a short.
Top screen shot is from the 1500, the bottom is the 610 screen shot.
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