Trading Made Simple | Page 931 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #18,601
  • May 3, 2013 12:26am May 3, 2013 12:26am
Hi Wizard99
Could you point to me where I can a copy of the TP1-ATR (1R), TP2-ATR(2R), SL-ATR(-1R) indicator? It sure is useful to provide a guide for putting the stop.
Thank

CL
  • #18,602
  • May 3, 2013 12:30am May 3, 2013 12:30am
Quoting CowLee
Hi Wizard99 Could you point to me where I can a copy of the TP1-ATR (1R), TP2-ATR(2R), SL-ATR(-1R) indicator? It sure is useful to provide a guide for putting the stop. Thank CL
Sure , But Emmanuel posted it here somewhere on the thread, and could probably post it again faster than I....LOL...But Ill post it no worries just give me a few minutes....
  • #18,603
  • May 3, 2013 12:34am May 3, 2013 12:34am
Needs to go into your scripts folder.....Hope this helps.....Thx again Emmanuel for this Script...!!
Attached File(s)
File Type: mq4 Draw_Lines Buy EP SL TP(1).mq4   2 KB | 490 downloads
File Type: mq4 Draw_Lines Sell EP SL TP(2).mq4   2 KB | 482 downloads
  • #18,604
  • May 3, 2013 12:35am May 3, 2013 12:35am
Quoting emmanuel7788
{quote} me no think on this one... sure move when NFP release... have you pending orders ready.... if you trade news.
no, i gave up on pending order long time ago. most likely, i will just monitor it hourly manually.
by the way, what kind of ATR do you use to find out that daily range? my ATR seems to only give me a blue line between 0 and 1
Daniel
  • #18,605
  • May 3, 2013 12:41am May 3, 2013 12:41am
Quoting Greenb
{quote} no, i gave up on pending order long time ago. most likely, i will just monitor it hourly manually. by the way, what kind of ATR do you use to find out that daily range? my ATR seems to only give me a blue line between 0 and 1

now you gave me someting to do while I eat my late dinner.... pls wait 5 mins...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,606
  • May 3, 2013 12:44am May 3, 2013 12:44am
Quoting emmanuel7788
{quote} now you gave me someting to do while I eat my late dinner.... pls wait 5 mins...
no worries, take your time
10.43pm here and im playing WOT waiting for any movement on chart, yawwnn
Daniel
  • #18,607
  • May 3, 2013 12:44am May 3, 2013 12:44am
Quoting wizard99
Needs to go into your scripts folder.....Hope this helps.....Thx again Emmanuel for this Script...!! {file} {file}

if FF charges 5pips std for every download, FF will be rich ...why didn't they think of that.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,608
  • May 3, 2013 12:48am May 3, 2013 12:48am
Quoting wizard99
Needs to go into your scripts folder.....Hope this helps.....Thx again Emmanuel for this Script...!! {file} {file}
Thank to wizard99 and emmanuel, it works on my chart
  • #18,609
  • May 3, 2013 12:50am May 3, 2013 12:50am
Quoting emmanuel7788
{quote} take some time and look at D and H4, describe what is the market type for week 18 and next week 19.
Hello Emmanuel,

thank you for response. It looks that week 18 is in a top rising channel so we need to look for buy signal at the channel bottom line (for a++ entry) ?
Yesterday was a bearish day, but week 18 opening act as support, so it looks that it still may go up...

Regards,
Arunas
  • #18,610
  • May 3, 2013 12:57am May 3, 2013 12:57am
Quoting CowLee
{quote} Thank to wizard99 and emmanuel, it works on my chart

CowLee,

Now today you must post your charts and show me you make 5 pips to pay FF .

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,611
  • May 3, 2013 1:00am May 3, 2013 1:00am
How to play with the MT4 standard ATR indicator.

see attached chart example.

Now, Greenb must post one chart to show us his trade chart today.
Attached Image (click to enlarge)
Click to Enlarge Name: How to play with ATR .png Size: 154 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,612
  • May 3, 2013 1:04am May 3, 2013 1:04am
Quoting emmanuel7788
How to play with the MT4 standard ATR indicator. see attached chart example. Now, Greenb must post one chart to show us his trade chart today. {image}
ahh, so that value 0.0023 means 23 pip range then ya?
and sure, ill post a chart when there is a setup
Daniel
  • #18,613
  • May 3, 2013 1:21am May 3, 2013 1:21am
Quoting Arunaz
{quote} Hello Emmanuel, thank you for response. It looks that week 18 is in a top rising channel so we need to look for buy signal at the channel bottom line (for a++ entry) ? Yesterday was a bearish day, but week 18 opening act as support, so it looks that it still may go up... Regards, Arunas

today is Friday, and last trading day for this week.
Wait till NY close today and we shall update our Big Picture and do our trade plan for next week.
More bads news out of the eurozone, it will sink EU below 1.3000, Weekly wave pattern give me a hint... anyway we shall see how the next 8 weeks go. ..then comes corparate results and the leak of half-year GDP.

As of now, the D chart looks like this below.
Attached Image (click to enlarge)
Click to Enlarge Name: EU D chart review 3 May 3-5-2013 2-11-09 PM.png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,614
  • May 3, 2013 1:22am May 3, 2013 1:22am
London P/L:-40
New York P/L: -60
Daily total:-40

London P/L:510
New York P/L:-60

Aggregate Trades: 125
Aggregate P/L: 450

staying out tonight
  • #18,615
  • May 3, 2013 1:23am May 3, 2013 1:23am
Quoting Greenb
{quote} ahh, so that value 0.0023 means 23 pip range then ya? and sure, ill post a chart when there is a setup

yes, that is 4 digits decimal.

3 digits decimal you must figure that out...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,616
  • May 3, 2013 1:36am May 3, 2013 1:36am
Yes, I paid ff with 5pips and in the progress learned how to attach my first chart on ff.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled-1.png Size: 107 KB
  • #18,617
  • May 3, 2013 1:44am May 3, 2013 1:44am
Quoting CowLee
Yes, I paid ff with 5pips and in the progress learned how to attach my first chart on ff. {image}
USDCAD:
WOW!, great H4 entry there you got.
D looks very good, a little early entry though but this may turn into a good trade into next week.
If today candle closes with a strong candle with thrust up and closes above the last red candle, it will be confirm PA for next week BUY only entry.

Nice post! Now folks pay attention to this one for today and next week... pips making .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,618
  • May 3, 2013 2:03am May 3, 2013 2:03am
as promised, my chart.
got on long a bit too early. strong candle in hourly. it does sort of stuck in rn 128.5
Attached Image (click to enlarge)
Click to Enlarge Name: ejbuy.gif Size: 52 KB
Daniel
  • #18,619
  • May 3, 2013 2:24am May 3, 2013 2:24am
Quoting Greenb
as promised, my chart. got on long a bit too early. strong candle in hourly. it does sort of stuck in rn 128.5 {image}
nice chart.

you buy at a premium price when you chase after that long H1 candle.
you know the RN 128.50 is there, so expect some reaction at RN.
since you want to buy, you must wait for s discounted price, wait for Fib-r 38/50 of that H1 candle and you will get a good entry price with smaller initial SL .
be careful, this is a very volatile pair ... one H1 candle can hit you 35 pips .
50pips SL wont work at this time of the session. 105pips initial SL make it less attractive R:R to trade on H1.

I am look at TP at 128.70 and 128.90 region. ...
12920 will be next S&R above
127.85 is support below
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,620
  • May 3, 2013 2:29am May 3, 2013 2:29am
Hi,
is it good time to enter nzdusd short H1?
looks like price retraced to 61,8%fib. also closed slightly above prev D127% but reversed.
APB colour change and tdi cross.
stoch coming from overbought and divergence(?)
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdh1.png Size: 58 KB
41 traders viewing now