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Trading Made Simple

  • #14,121
  • Dec 14, 2011 3:07pm Dec 14, 2011 3:07pm
Quoting cajun
Pretty good batting average, if it wouldn't be on the D1 i would maybe take you up on some of these, but i prefer the H4 and sometimes the H1.
D1 seems profitable for you but i can't handle the wait, i get bored.
I'm actually surprised myself about the pips raining
If only this would have been live ...
I can imagine that D1 trading is like watching paint dry if you're a "watcher" type.

I think it suits me because

  1. I've a busy dayjob.
  2. I don't have to worry about news coming out.
  3. I can profit of any nightly moves (my way).
  4. Once the trade starts to move, alot of pips start to pour in.
  5. D1 keeps me from overtrading, since trade opportunities are less frequent.
  6. I'm nowhere near the Dungeon Master-level of fast TDI-ninjas with the patience and accuracy of a sniper such as Phx62. Those gods consistently rake in the pips on H1 on a daily basis.


Quoting kingclarence
Your starting to get it huh? lol
There's a Dutch saying: "Eén zwaluw maakt nog geen zomer" which loosely translates to just beginner's luck.
Thanks to you I'm off to a good start on D1. Your advice on candle size, support / resistance and SL size have proven to be very useful.

Quoting dr.tamer
hello there i tried to download the indicator but its not for mt4 so can u help me
thank u.....
I use Ninjatrader, hence the URL linking to their indi section. I can't imagine there's no Polynomial Regression Channel indi for MT4.
In fact, I think there are alot more indi's for MT4 than there are for Ninjatrader. Check out the first hit when searching Google: http://www.google.nl/search?sourceid...on+Channel+mt4
Remember: Google is your dearest friend.
Financial independence is what I live for
  • #14,122
  • Dec 14, 2011 3:13pm Dec 14, 2011 3:13pm
Hello to anyone out there. What has happened to this thread?
  • #14,123
  • Dec 14, 2011 3:29pm Dec 14, 2011 3:29pm
I find it kinda funny when people say that they cant handle the wait on the daily charts.I kinda thought this at first but once i actually started doing it i realized there isnt a wait.You dont have to wait.While your pips are stacking up go do something else! lol.

I remember i met this girl and we went on a date.While i was out with her i was making pips.I go to sleep at night and wake up and look at the charts.Wow look i made some pips while i was sleeping lol.

I think eventually im gonna switch to the weekly or even the monthly charts
  • #14,124
  • Dec 14, 2011 4:39pm Dec 14, 2011 4:39pm
Quoting smatthew
23 hours ago I decided to take some of the above mentioned D1 trade "opportunities".

Trades still open
- USDCHF: long currently up 87 pips (BE + 10 triggered at +100).
- USDCAD: long currently up 67 pips.
- EURUSD: short currently up 144 pips (BE + 10 triggered at +100).
- EURGBP: short currently up 36 pips.
- GBPCHF: long currently up 30 pips.
- NZDUSD: short currently up 35 pips.
- EURJPY: short currently up 107 pips (BE + 10 triggered at +100).

Closed trades
- GBPAUD: long stopped out -100 pips (would have still...
Trades still open
- USDCHF: long currently up 152 pips (BE + 10 triggered at +100).
- USDCAD: long currently up 113 pips (BE + 10 triggered at +100).
- EURUSD: short currently up 193 pips (trade was up 200+ earlier today, so moved SL to +100).
- EURGBP: short currently up 61 pips.
- NZDUSD: short currently up 94 pips.
- EURJPY: short currently up 132 pips (BE + 10 triggered at +100).

I did notice a certain degree of TDI flattening on all trades.
See for example attached screenshot for EUR/USD D1.
However, yesterday I thought I saw a similar flattening on GBPCHF.
I exited that long, only to see it go up today...
This time I'll keep the trades open!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD tdi flattening or not.PNG Size: 53 KB
Financial independence is what I live for
  • #14,125
  • Dec 14, 2011 4:55pm Dec 14, 2011 4:55pm
The daily is definately the time frame for me. I tried the H1 and H4 and found that I was stressing too much and closing trades prematurely and leaving many pips on the table. Trading D1 is stress free, except for the first candle or 2, when you worry a bit about your 100 pip stop getting hit. 30 minutes a day is the way!

Cheers,

John
  • #14,126
  • Dec 14, 2011 6:08pm Dec 14, 2011 6:08pm
@smatthew - what are your parameter settings for regression channel?

For anybody interested, see MT4 indy attached

Cheers
Attached File(s)
File Type: mq4 i-Regr.mq4   5 KB | 538 downloads
  • #14,127
  • Dec 14, 2011 6:47pm Dec 14, 2011 6:47pm
I went short on the first yellow vertical line, added further position on the break of FTA (second yellow line). The first position is closed and the second one on BE with TP at 0.9700

The reason of trade was price refused to go beyond shaded area for the last couple of days.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH8.png Size: 50 KB
Forex is boring but profitable with patience and discipline
  • #14,128
  • Dec 14, 2011 7:34pm Dec 14, 2011 7:34pm
Quoting smatthew
Trades still open
- USDCHF: long currently up 152 pips (BE + 10 triggered at +100).
- USDCAD: long currently up 113 pips (BE + 10 triggered at +100).
- EURUSD: short currently up 193 pips (trade was up 200+ earlier today, so moved SL to +100).
- EURGBP: short currently up 61 pips.
- NZDUSD: short currently up 94 pips.
- EURJPY: short currently up 132 pips (BE + 10 triggered at +100).

I did notice a certain degree of TDI flattening on all trades.
See for example attached screenshot for EUR/USD D1.
However, yesterday I thought I...
Yep gotta ride it out sometimes.Being that its so many pips on the line on any given trade it will make you a little nervous.I actually got my stop loss hit yesterday for the first time lol.160 pips down the drain.Im winning my other three trades though so its all good.
  • #14,129
  • Dec 14, 2011 8:28pm Dec 14, 2011 8:28pm
Quoting smatthew
Trades still open
- USDCHF: long currently up 152 pips (BE + 10 triggered at +100).
- USDCAD: long currently up 113 pips (BE + 10 triggered at +100).
- EURUSD: short currently up 193 pips (trade was up 200+ earlier today, so moved SL to +100).
- EURGBP: short currently up 61 pips.
- NZDUSD: short currently up 94 pips.
- EURJPY: short currently up 132 pips (BE + 10 triggered at +100).

I did notice a certain degree of TDI flattening on all trades.
See for example attached screenshot for EUR/USD D1.
However, yesterday I thought I saw a similar...
HI Smatthew,

Can you load your template foe us? as i have only the original template which speaks otherwise.

Thanks in advance!
  • #14,130
  • Dec 15, 2011 12:07am Dec 15, 2011 12:07am
Quoting tseraf
Hello to anyone out there. What has happened to this thread?
I think a lot of the traders have moved to x-man's thread.
  • #14,131
  • Dec 15, 2011 12:33am Dec 15, 2011 12:33am
On the Daily charts I only looking for good TDI angles where the green RSI cross over occurs above 50 for shorts and below 50 for longs. Preferably RSI also pierced blue volatility bands before cross occurs. My stop loss is 10 pips behind swing extreme and I move it Daily to 10 pips behind the yellow channel. I close my trade whenever the red signal line start to turn in opposite direction.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-12-15_0816.png Size: 60 KB
Click to Enlarge Name: 2011-12-15_0817.png Size: 58 KB
Much depend on luck, but the more you practice the luckier you get! NT & GP
  • #14,132
  • Dec 15, 2011 6:27am Dec 15, 2011 6:27am
Quoting pa_pips
On the Daily charts I only looking for good TDI angles where the green RSI cross over occurs above 50 for shorts and below 50 for longs. Preferably RSI also pierced blue volatility bands before cross occurs. My stop loss is 10 pips behind swing extreme and I move it Daily to 10 pips behind the yellow channel. I close my trade whenever the red signal line start to turn in opposite direction.
Do you enter only upon the open of the D. or anytime when you see a cross? Nice trades by the way.
  • #14,133
  • Dec 15, 2011 7:15am Dec 15, 2011 7:15am
Quoting piprac
Do you enter only upon the open of the D. or anytime when you see a cross? Nice trades by the way.
Thanks Piprac. I Usually take trades about an hour before the close of the daily candle. Only reason is that my Daily Candle close at midnight local South African time, which is about an hour to late for my liking. My other important criteria is no entry if significant candle tail in opposite direction of intended direction. This usually is the close of the 2nd candle. Won't consider a trade on the next candle if 2nd candle does not meet all my criteria.
Much depend on luck, but the more you practice the luckier you get! NT & GP
  • #14,134
  • Dec 15, 2011 10:21am Dec 15, 2011 10:21am
A risky trade i think, because was in consolidation but since i was in H4 TF i had a good probability to become a winner trade. Worth the shot! +30 PIPS
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd h4.gif Size: 24 KB
Work smarter,not harder
  • #14,135
  • Dec 15, 2011 1:01pm Dec 15, 2011 1:01pm
Quoting marcoxq
HI Smatthew,

Can you load your template foe us? as i have only the original template which speaks otherwise.

Thanks in advance!
a) I assume you're an MT4 trader, I use Ninjatrader.
b) Ridiculously enough Ninjatrader does not have an template export option...
Financial independence is what I live for
  • #14,136
  • Dec 15, 2011 2:34pm Dec 15, 2011 2:34pm
Quoting jwscott
I think a lot of the traders have moved to x-man's thread.
I have been watch x-man's thread and I am sure his system works.....however, I think this system by Big E is very profitable and easier to apply. I see no reason to change.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,137
  • Dec 15, 2011 4:03pm Dec 15, 2011 4:03pm
Yeah its a lot of pips to be made with this system.During some backtesting i counted like 4,000 pips one month.Thats what got me really interested in the daily charts.My goal every month is 2,000 pips from now on.
  • #14,138
  • Dec 15, 2011 4:17pm Dec 15, 2011 4:17pm
Quoting kingclarence
Yeah its a lot of pips to be made with this system.During some backtesting i counted like 4,000 pips one month.Thats what got me really interested in the daily charts.My goal every month is 2,000 pips from now on.
How many pairs did you check to to count 4000 pips in one month?
  • #14,139
  • Dec 15, 2011 6:45pm Dec 15, 2011 6:45pm
Hi everyone I have been lurking around for a while now and this is my first post. I am about 500 pages into this thread and this method really seems interesting, big thanks to Big E for sharing this.

I hope to learn from everyone. Good luck to all bagging those pips!!!!
  • #14,140
  • Dec 15, 2011 7:19pm Dec 15, 2011 7:19pm
Quoting wrenski
How many pairs did you check to to count 4000 pips in one month?
15 but you gave me an idea.Hell why not watch the full twenty? What could it hurt lol
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