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Trading Made Simple

  • #2,901
  • May 17, 2011 10:41pm May 17, 2011 10:41pm
Thanks all for your SL TP input.
Can you guys all confirm please (difficult to find now the thread is so big) are we using ema shift 2 or ema shift 3??
Thank you
  • #2,902
  • May 17, 2011 10:47pm May 17, 2011 10:47pm
I use a shift 2 , thats what is in the TPL files on this thread, it works great fro entry and bounces off the 1h
  • #2,903
  • May 17, 2011 10:54pm May 17, 2011 10:54pm
i just had to post this.....
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  • #2,904
  • May 17, 2011 10:58pm May 17, 2011 10:58pm
i could not belive that either, but the nice thing about it was the TDI told us 3 candles back which way it was gonna break, easy pips
  • #2,905
  • May 17, 2011 11:58pm May 17, 2011 11:58pm
Quoting jrushing
I use a shift 2 , thats what is in the TPL files on this thread, it works great fro entry and bounces off the 1h
how do you use it for entry and bounces?? dont you use the tdi??
  • #2,906
  • May 18, 2011 12:26am May 18, 2011 12:26am
90% of the time PA will bounce off the five and you will see a cross (Barely) on the TDI, unitl I get a complete cross from both i stay in. Look at the 1h 5 candles back, most would have gotten out and left 40 pips on the table. For me and the way i trade, i use Big method and mqake my own, thats why i use a 5ema shift 2 and a 5 ema close, this gives me a channel. the cross on the 5"s and the TDI confirm entry. My ea lets me set a trailing stop and OR I see a cross on the TDI the 5's. That way i am not tied to the computer.

The chart shows my entry by the vertical red lines, I took profit on those manually though.
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  • #2,907
  • May 18, 2011 12:40am May 18, 2011 12:40am
Quoting jrushing
90% of the time PA will bounce off the five and you will see a cross (Barely) on the TDI, unitl I get a complete cross from both i stay in. Look at the 1h 5 candles back, most would have gotten out and left 40 pips on the table. For me and the way i trade, i use Big method and mqake my own, thats why i use a 5ema shift 2 and a 5 ema close, this gives me a channel. the cross on the 5"s and the TDI confirm entry. My ea lets me set a trailing stop and OR I see a cross on the TDI the 5's. That way i am not tied to the computer.

The chart shows my...
My ema indicator box still asks me for the shift....what shift amount do you have the close ema on??
  • #2,908
  • May 18, 2011 12:48am May 18, 2011 12:48am
Quoting SnapCracklePip
i just had to post this.....
can you share your template and indicators???I like the the picture of your EA setting....thanks...
  • #2,909
  • May 18, 2011 12:52am May 18, 2011 12:52am
bearish momentum on four majors....
Trade responsiblypatience is the key/Swing trader
  • #2,910
  • May 18, 2011 12:53am May 18, 2011 12:53am
0 shift of the 5 ema on the close

Quoting dean
My ema indicator box still asks me for the shift....what shift amount do you have the close ema on??
  • #2,911
  • Edited 2:19am May 18, 2011 2:13am | Edited 2:19am
I went short cable on 1hr. 2 mini. It will be interesting as 4hr still has blue HA canlde AND, it appears to be a nice daily buy using the system (depending on what your daily open is I guess). See what happens....
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  • #2,912
  • May 18, 2011 2:30am May 18, 2011 2:30am
The safest way to trade this method and virtually every other method is to always trade with the trend (never heard that before!). If you look at H4 charts as giving you the trend and then use H1 charts to time your entry you will have the power of the trend behind you.
Quite often the H1 charts will give you perfectly timed counter trend entries on H4 charts but they also give you entries which are just really pullbacks on H4 charts. These entries might be good for 40,50,60 pips etc or they may just be sucker entries which create a loss.
Look back through the chart histories and you will see that this is the best and safest way to trade this method. I have been victim countless times of trying to pick the end of a trend much to my and my trading accounts dismay - never again.
  • #2,913
  • May 18, 2011 2:42am May 18, 2011 2:42am
Quoting silversurfer
The safest way to trade this method and virtually every other method is to always trade with the trend (never heard that before!). If you look at H4 charts as giving you the trend and then use H1 charts to time your entry you will have the power of the trend behind you.
Quite often the H1 charts will give you perfectly timed counter trend entries on H4 charts but they also give you entries which are just really pullbacks on H4 charts. These entries might be good for 40,50,60 pips etc or they may just be sucker entries which create a loss.
Look...
how do u recognize trend?

monthly down
weekly is up
daily is down
4hr down
1hr up
15 mins up
5 mins down
1 min down
Trade responsiblypatience is the key/Swing trader
  • #2,914
  • May 18, 2011 2:46am May 18, 2011 2:46am
Quoting dazzdude
I went short cable on 1hr. 2 mini. It will be interesting as 4hr still has blue HA canlde AND, it appears to be a nice daily buy using the system (depending on what your daily open is I guess). See what happens....
Its stuck around a heavy area of resistance (circled)
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  • #2,915
  • May 18, 2011 2:49am May 18, 2011 2:49am
Quoting Incrediblle
how do u recognize trend?

monthly down
weekly is up
daily is down
4hr down
1hr up
15 mins up
5 mins down
1 min down
I would have said the 4 hour chart showing a downward trend too
  • #2,916
  • May 18, 2011 2:57am May 18, 2011 2:57am
Quoting dean
I would have said the 4 hour chart showing a downward trend too
I have open a thread on this matter....very important question for newbies and experienced trader as well

http://www.forexfactory.com/showthre...88#post4625788
Trade responsiblypatience is the key/Swing trader
  • #2,917
  • May 18, 2011 3:04am May 18, 2011 3:04am
For me, i usually look at the trend on 1 step higher tf than the current one only...
look at too many it will confuse me.

For example:

When H1 chart show buy setup, i will check H4 trend if up buy if down don't trade.

For H4 i'll check daily chart, for daily i'll check weekly chart...
  • #2,918
  • May 18, 2011 3:11am May 18, 2011 3:11am
Quoting nollej
ahh crap i am such a noob forgetting to check news all the time.. cheers man
Got your back dude.
  • #2,919
  • May 18, 2011 3:19am May 18, 2011 3:19am
Quoting Incrediblle
how do u recognize trend?

monthly down
weekly is up
daily is down
4hr down
1hr up
15 mins up
5 mins down
1 min down
Hi Incredible
Hope I'm not teaching you to suck eggs, but you need to understand the fundamentals of PA.

Identification of trend:

PA making higher highs and higher lows, or lower highs and lower lows.

It depends what time frame you are trading on to identify the trend to follow. For instance an uptrend in a 15min chart could just be a pullback of a down trend in the daily chart. And it would be illogical to go from the 15 min to the daily to check the main trend direction. I check the timeframe one above of the timeframe im placing my entries and exits. IE 1hr - 4 hr. Then only trade in the direction of the higher timeframe trend.

To follow this strategy you need to have a knowledge of PA, S&R, how to identify trending markets and ranging markets and sound money management techniques. This method on this thread will not work for you if you don't. Good trading.
  • #2,920
  • May 18, 2011 3:45am May 18, 2011 3:45am
Quoting mackaozy
Hi Incredible
Hope I'm not teaching you to suck eggs, but you need to understand the fundamentals of PA.

Identification of trend:

PA making higher highs and higher lows, or lower highs and lower lows.

It depends what time frame you are trading on to identify the trend to follow. For instance an uptrend in a 15min chart could just be a pullback of a down trend in the daily chart. And it would be illogical to go from the 15 min to the daily to check the main trend direction. I check the timeframe one above of the timeframe im placing my entries...
Yes but determining trend can be very subjective. How do YOU determine when a trend has reversed. We all know the higher highs and lower lows theory and when a trend channel is running like that it is easy to pick, but a trend can be choppy with reversals and pullbacks on the way up or down......how do you look at a chart and say yep that down trend has turned and we are now in an uptrend......or was it just a pullback before continuing. I agree with you....I always flick up to the higher chart to determine the main trend, but often I read here others have a different perspective of it....its mainly when there are a few candles going opposite to the trend....some consider it a pullback...some consider it a trend reversal.
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