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Trading Made Simple

  • #148,961
  • Oct 30, 2024 1:08am Oct 30, 2024 1:08am
Quoting emmanuel7788
{quote} Trade Management XAU Oct30 M30 / Daily - when price closed above the TP3 level, - move SL to EP+5pips, this is BE+ - your trade is now considered a 'free trade'. - you can look for another trade , can be this same pair or another currency pair. - both the Stoch and TDI are useless here, {image} ...

XAU Oct30 2nd BUEOB setup candle

- with the first entries protected

- some may consider a second add-on entry

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Oct30 another BUEOB 30-10-2024 2-04-25 pm.png Size: 62 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,962
  • Oct 30, 2024 2:08am Oct 30, 2024 2:08am
Quoting emmanuel7788
{quote} Trade Management XAU Oct30 M30 / Daily - when price closed above the TP3 level, - move SL to EP+5pips, this is BE+ - your trade is now considered a 'free trade'. - you can look for another trade , can be this same pair or another currency pair. - both the Stoch and TDI are useless here, {image} ...

" Let Profit Run ... " and to maximize what the market will give you today

XAU Oct30 M30 / Daily trade management update:

- market gave you TP6 level

- you protect 50% +3R

- no stress

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Oct30 M30 TP 6 lock 3R 30-10-2024 3-03-59 pm.png Size: 61 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,963
  • Oct 30, 2024 2:49am Oct 30, 2024 2:49am
Quoting emmanuel7788
{quote} " Let Profit Run ... " and to maximize what the market will give you today XAU Oct30 M30 / Daily trade management update: - market gave you TP6 level - you protect 50% +3R - no stress {image} ...
So there's 50% of the trade at 3R = +1.5R . By the way what happened to don't move to breakeven, just set and forget?
  • #148,964
  • Oct 30, 2024 3:07am Oct 30, 2024 3:07am
Quoting lynnc
{quote}So there's 50% of the trade at 3R = +1.5R . By the way what happened to don't move to breakeven, just set and forget?

@lyncc

You do not understand my post.

To maximize profit, you must be prepared to give back to the market 50% of what the market gave you.

If you want to trade with "set-and-forget' you do not need to do move the SL to BE+. Leave your SL at its initial SL level. Just wait for the market to decide if you get TP +7R or -1R stop loss.

You can be very rich after 1,000 trades.

Attached Image (click to enlarge)
Click to Enlarge Name: XAU RR 1to7 SL22pips TP 7R 30-10-2024 4-00-35 pm.png Size: 8 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,965
  • Oct 30, 2024 3:15am Oct 30, 2024 3:15am
Quoting emmanuel7788
{quote} @lyncc You do not understand my post. To maximize profit, you must be prepared to give back to the market 50% of what the market gave you. If you want to trade with "set-and-forget' you do not need to do move the SL to BE+. Leave your SL at its initial SL level. Just wait for the market to decide if you get TP +7R or -1R stop loss. You can be very rich after 1,000 trades. {image} ...
Oh I understand your post fine. Yesterday you told me I should not move to breakeven and to set and forget. Thats not the way I trade, just like its not the way you trade SOMETIMES. I prefer to stick to move to breakeven at 1R and then take 5R on the whole trade. Its the way I have tested and found to be the most profitable in the shortest amount of time, for the timeframes I work on, once you start splitting trades you are taking down the true R:R and I prefer not to do that.
  • #148,966
  • Oct 30, 2024 3:22am Oct 30, 2024 3:22am
Quoting lynnc
{quote}Oh I understand your post fine. Yesterday you told me I should not move to breakeven and to set and forget. Thats not the way I trade, just like its not the way you trade SOMETIMES. I prefer to stick to move to breakeven at 1R and then take 5R on the whole trade. Its the way I have tested and found to be the most profitable in the shortest amount of time, for the timeframes I work on, once you start splitting trades you are taking down the true R:R and I prefer not to do that.

Today's 'set-and-forget' already hit +7R.

Did you pay attention to the post above ?
https://www.forexfactory.com/thread/...6#post15044936

Price hit TP7 level +7R and pulled back.

I already exited at @2788.84

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Oct30 M30 TP 6 lock 3R 30-10-2024 3-03-59 pm.png Size: 61 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,967
  • Oct 30, 2024 3:30am Oct 30, 2024 3:30am
Quoting emmanuel7788
{quote} Today's 'set-and-forget' already hit +7R. Did you pay attention to the post above ? https://www.forexfactory.com/thread/...6#post15044936 Price hit TP7 level +7R and pulled back. I already exited at @2788.84 {image} ...
Sorry must have missed that part of your post...oh thats right because its not there .
  • #148,968
  • Oct 30, 2024 4:07am Oct 30, 2024 4:07am
Have taking this Long positions. Wants to hear everyone's voice about the trade to see if there is anything in my analyze that I missed or didn't covered.

The big environment of this trade is that it is A/U 4H. The alarm gives an TDI green crosses red so open the screen and see. I have putting three photos. 1 is the trend of the trade in short term. the other one is the overall trend, then the candles.

Overall Analysis:
About TDI and Stoch:
The reading of TDi and Stoch are strong. The Angle of TDI is an 12-2 and stoch confirms.

About trend:
First is an down trend in big environment on 4Hrs, keeping getting LH and LL. The short term trend is also down trend. But this down trend has gone for an long time and reach to its strong support level in bigger picture, we could see that an mountain forms. But this strong support might giving enough momentum for reversal(even though 80% of reversal in an clear trends fails.)

About candles:
When looking at the candles, An green doji bar forms, this doji bar stops the market, but compare to previous reversal, this doji bar is very long wick. we could see the wick is so long that can even cover the previous red candles for several bars. The top wick is longer then previous reversal bar a lot, the bottom wick states that this wick stops within previous low point, bear failes to breakout.. Gives an possible signal of and reversal. But 5EMA still flat, signals an range or side way might be forms.

Even though its an down trend and 80% fails reverse, but still when looking at this, thinking of taking an chance to try and see if my analysis are correct. I think its an reversal. Setting an R:R of 1:2 in here and see how it goes.
Attached Image(s) (click to enlarge)
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  • #148,969
  • Oct 30, 2024 4:26am Oct 30, 2024 4:26am
Quoting tony228
Have taking this Long positions. Wants to hear everyone's voice about the trade to see if there is anything in my analyze that I missed or didn't covered. The big environment of this trade is that it is A/U 4H. The alarm gives an TDI green crosses red so open the screen and see. I have putting three photos. 1 is the trend of the trade in short term. the other one is the overall trend, then the candles. Overall Analysis: About TDI and Stoch: The reading of TDi and Stoch are strong. The Angle of TDI is an 12-2 and stoch confirms. About trend: First...
I would never take a long trade in this massive downtrend. It's just my personal experience. Easier to lose than win. If I take this trade, I will monitor it and minimize my entry, and I don't enjoy doing these at all.
  • #148,970
  • Oct 30, 2024 4:26am Oct 30, 2024 4:26am
Quoting tony228
Have taking this Long positions. Wants to hear everyone's voice about the trade to see if there is anything in my analyze that I missed or didn't covered. The big environment of this trade is that it is A/U 4H. The alarm gives an TDI green crosses red so open the screen and see. I have putting three photos. 1 is the trend of the trade in short term. the other one is the overall trend, then the candles. Overall Analysis: About TDI and Stoch: The reading of TDi and Stoch are strong. The Angle of TDI is an 12-2 and stoch confirms. About trend: First...

AU Oct30 today is early month-end


- do you want to dance in the shadow of the MN candle ?

- yesterday' Daily spinning top means something

Attached Image (click to enlarge)
Click to Enlarge Name: AU Oct30 LTF M30 30-10-2024 5-23-38 pm.png Size: 28 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,971
  • Oct 30, 2024 6:22am Oct 30, 2024 6:22am
Hi guys.

Does anyone have TDI indicator for MT5 please?

Thank you
  • #148,972
  • Oct 30, 2024 7:06am Oct 30, 2024 7:06am
An EU buy trade from last night, I got to it a bit late so the stop loss was quite a bit bigger than I would normally like on EU so I set it just below the next weekly pivot which was roughly 3.5R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM30-29-10.png Size: 32 KB
Click to Enlarge Name: EURUSDM30-30-10.png Size: 34 KB
  • #148,973
  • Oct 30, 2024 7:07am Oct 30, 2024 7:07am
Quoting MoHoSK
Hi guys. Does anyone have TDI indicator for MT5 please? Thank you

For MT5 indicators,

go back to my old posts

https://www.forexfactory.com/thread/...9#post10448039

https://www.forexfactory.com/thread/...6#post14897986


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,974
  • Oct 30, 2024 7:25am Oct 30, 2024 7:25am
Quoting emmanuel7788
{quote} For MT5 indicators, go back to my old posts https://www.forexfactory.com/thread/...9#post10448039 https://www.forexfactory.com/thread/...6#post14897986 ...
Thank you for that, but for some reason it wont let me attach this indicator to my chart
  • #148,975
  • Oct 30, 2024 7:29am Oct 30, 2024 7:29am
gbpjpy
holding short 3 full lot
Attached Image (click to enlarge)
Click to Enlarge Name: 132.png Size: 54 KB
""TP is whatever you can get before it goes against you.""
  • #148,976
  • Oct 30, 2024 7:42am Oct 30, 2024 7:42am
Quoting 1dominican
gbpjpy holding short 3 full lot {image}

198.24
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,977
  • Oct 30, 2024 7:44am Oct 30, 2024 7:44am
Quoting MoHoSK
{quote} Thank you for that, but for some reason it wont let me attach this indicator to my chart

make sure the indicators are in the correct folder and re-start the platform.


Attached Image (click to enlarge)
Click to Enlarge Name: DE40 MT5 30-10-2024 8-40-37 pm.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,978
  • Oct 30, 2024 7:54am Oct 30, 2024 7:54am
Quoting 1dominican
{quote} what do you see going to the daily chart for gbpjpy? {image}

at the moment I am trading the month-end closing

4Hr turned around after the election results became clear on Monday that the LDP did not win

it will be jittery next week.


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,979
  • Oct 30, 2024 8:14am Oct 30, 2024 8:14am
Quoting emmanuel7788
{quote} make sure the indicators are in the correct folder and re-start the platform. {image}
Please check the picture. When i click on it nothing happens.
Attached Image (click to enlarge)
Click to Enlarge Name: TDI.png Size: 34 KB
  • #148,980
  • Oct 30, 2024 9:54am Oct 30, 2024 9:54am
Quoting 1dominican
gbpjpy holding short 3 full lot {image}
i was also short gbpusd
i closed and buy.
===

""TP is whatever you can get before it goes against you.""
(you see gbpjpy HA is not good to find the best exit ot entry...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 167 xx.png Size: 41 KB
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""TP is whatever you can get before it goes against you.""
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