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Trading Made Simple

  • #21,961
  • Jul 17, 2013 8:52am Jul 17, 2013 8:52am
Quoting emmanuel7788
{quote} that Pin Bar is very special known as Marubozu ... there is historical resistance 0.9252, RN 09250 recent resistannce previous D1... SL maybe a problem, but we wait for the marubozu to bounce back up, hit resistance and then wait for the return leg. {image}
At the risk (to myself) at contradicting the expert I thought a Marabozu was a candle with an exceptionally large body with little or no wicks whereas the PB is a very small body with one obviously large wick. I have this in my PA notes but from another forex source. Am I right or wrong? p.
  • #21,962
  • Jul 17, 2013 8:56am Jul 17, 2013 8:56am
Quoting emmanuel7788
{quote} wow! we have a super trader here. 130% ... 1600+pips ... in one short week 1 to 3 trading days days ... tell us which pairs and how many trades you executed this week which gave you 1600pips?

I trade the major pairs, E/U, G/U, A/U, N/U, U/J , U/CHF

All about 0.1 lot to 0.2 lot per entry.

Most of the time i put the trade, went take a rest, check the H1 candle every hour, and H4 every 4 hour to see if there any new trades forming up. Take profit when it reach 50 pips or so and the trend is changing.

I also trade cross pair like E/A, E/G

Session I trade is all 3 sessions.

Most trade execute near london market.
H1 and H4 is my indication, sometime I will trace back down to M30 to see if there any chart forming(but will not open trade base on M30) .

Once H1 & H4 give me a clear angle, I will execute it and take away the dam stochastic, as its only make the whole thing more messy.


Just simply the Candle(APB) and also TDI. Thats all. As I previously learn Sonic R Classic so looking at angle is not a hard thing for me.

But I still suggest to look at the pdf found a few pages before this page. Its very useful. Everything is back to basic, like how the creator of this system want it to be. lets not make it so complicated.

In regards to how many trades I execute, I think roughly 60 trades. As just now E/U was at 1.3150 , H1 & H4 show a strong down angle, I just add short, and boom it drop 60 pips in just a short while . most of the time if things goes against me , I won't really goes emotional.


Previously, The highest I trade was as big as 2,000,000 units in 1 trade session, or can say 20 lots. I win and I lose.

To me, losing is fine, but the thing is I need to keep learning and improving myself, if I got a lot of capital or money, but without the proper system and trading method. I will eventually lose, playing too small is slow, playing too big is risky. So with my starting capital at $2000, I manage kick it to $4600 for now. And I still playing 0.1 lot to 0.2 lot per entry, after 30-40 pips (I might add trade if the trend change - Looking @ H1/ H4 )

I try not to be bias on 1 side, I will look at hedging my trade. Such as IF i am short G/U here, If E/U show up sign on H1/H4 , i will long it .

Playing small yet profitable like 0.1 lot on a $2000 account is not so scary, as in I dare to hold longer and take bigger profit rather close my trade for a mere 20-30 pips profit.

But still, everything is on TDI & APB. Thanks to the guy who uploaded the pdf, I read the pdf 77 pages from start to end, and from end back to start to see if I miss anything.

As I am still schooling and I setup a dedicate server that take screenshot of my H1 & H4 chart and post to 1 of my website, for my own use, which I can see the current situation anywhere I am instead of just at my home pc.

I believe IT + Trading is the way to go and thanks for sharing this great system.

And also thanks for the inspiration, snarlyjack
Trading is something special.
  • #21,963
  • Jul 17, 2013 9:04am Jul 17, 2013 9:04am
Quoting piprac
{quote} At the risk (to myself) at contradicting the expert I thought a Marabozu was a candle with an exceptionally large body with little or no wicks whereas the PB is a very small body with one obviously large wick. I have this in my PA notes but from another forex source. Am I right or wrong? p.

I am not expert. I knew someone would pose that question on Marubozu Pin Bar.
You are absolutely correct that a Marubozu must have a large body with flat end and small wick on the opposite side.
You will see that the a M15 Marubuzo closed the H1 Pin Bar.

You are good!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,964
  • Jul 17, 2013 9:07am Jul 17, 2013 9:07am
Quoting emmanuel7788
{quote} How about this suggestion:trade setup. For the purpose to learn in shorter time span, trade multiple pairs - AU, AJ, EU, EJ, GU, EAud, ECad, ENzd, GAud, GNzd, GCad. This should give you enough trade opportunities to practice to spot setups and excute your entry and exits for every setups. But do not do this in Live account trading at the next Then decide to trade a demo account with $100k, then start to use position sizing when you trade this larger account. What do you think?
Hi Emmanel,
I made something like you said above and right now I got 2 signals for shorting EAUD and ENZD .Should i pull the trigger? the reason I am scared because it is London closing and market was acting wired today.
please advise.
Thanks
Mike

P.S.Both H4
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ea.png Size: 25 KB
Click to Enlarge Name: enz.png Size: 24 KB
Failure, is a wonderful teacher!
  • #21,965
  • Jul 17, 2013 9:09am Jul 17, 2013 9:09am
Quoting baokydev
{quote} I trade the major pairs, E/U, G/U, A/U, N/U, U/J , U/CHF All about 0.1 lot to 0.2 lot per entry. Most of the time i put the trade, went take a rest, check the H1 candle every hour, and H4 every 4 hour to see if there any new trades forming up. Take profit when it reach 50 pips or so and the trend is changing. I also trade cross pair like E/A, E/G Session I trade is all 3 sessions. Most trade execute near london market. H1 and H4 is my indication, sometime I will trace back down to M30 to see if there any chart forming(but will not open trade...

interesting post to read ...
thank you boakydev.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,966
  • Jul 17, 2013 9:10am Jul 17, 2013 9:10am
Quoting mike1349
{quote} Hi Emmanel, I made something like you said above and right now I got 2 signals for shorting EAUD and ENZD .Should i pull the trigger? the reason I am scared because it is London closing and market was acting wired today. please advise. Thanks Mike P.S.Both H4 {image} {image}

when you are scared ... please don't pull the trigger because it will miss the intended target.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,967
  • Jul 17, 2013 9:17am Jul 17, 2013 9:17am
Quoting JayS45
Good Evening all, lots of new about atm, maybe time to stay out??
Hi JayS45,

May I know what is atm?

Regards,
Prominent88
  • #21,968
  • Jul 17, 2013 9:20am Jul 17, 2013 9:20am
Quoting mike1349
{quote} Hi Emmanel, I made something like you said above and right now I got 2 signals for shorting EAUD and ENZD .Should i pull the trigger? the reason I am scared because it is London closing and market was acting wired today. please advise. Thanks Mike P.S.Both H4 {image} {image}
Mike,
seriously talking now. EURNZD is much prettier than EURAUD.
So if I were you, I pull the trigger and go away from the computer and come back in 4 hours.

Remember, Big E trade lower TF when NY open session 3-4 hours that about the time now.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,969
  • Jul 17, 2013 9:23am Jul 17, 2013 9:23am
Quoting Prominent88
{quote} Hi JayS45, May I know what is atm? Regards, Prominent88

atm = at the moment
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,970
  • Jul 17, 2013 9:32am Jul 17, 2013 9:32am
Here is the M15 Marubozu in that H1 Pin Bar....
Attached Image (click to enlarge)
Click to Enlarge Name: Marubozu Pin Bar .png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,971
  • Jul 17, 2013 9:35am Jul 17, 2013 9:35am
London closed...non event type.
now i go back to bed..
you folks have fun with the US traders.

Goodnite folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,972
  • Edited 11:45am Jul 17, 2013 9:40am | Edited 11:45am
Three trades today....one on GU H1 during the Asian session (when big news is pending, the pair seems to move a lot before the news releases) and two on EJ H1.
GU was a classic TDI entry after bouncing off last months low.....entered on a pullback at the open of the second red candle and TDI cross...reached the target.
EU....1st trade opened @ LO on a break of yesterdays high and above last weeks high....price moved up but did not hit TP. Exited manually following pullbacks. The 2nd trade was entered on a pullback with a break below the last blue candle and a TDI crossover.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.7.17 gu h1.png Size: 52 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.7.17 ej h1.png Size: 50 KB
  • #21,973
  • Jul 17, 2013 9:59am Jul 17, 2013 9:59am
Quoting emmanuel7788
{quote} Mike, seriously talking now. EURNZD is much prettier than EURAUD. So if I were you, I pull the trigger and go away from the computer and come back in 4 hours. Remember, Big E trade lower TF when NY open session 3-4 hours that about the time now.
Right.Candle looks much prettier.

Emmanuel, Did you say in one of your posts before that we could "Drag and Drop" the "Template" in Mt4? If yes,How?
Mike
Failure, is a wonderful teacher!
  • #21,974
  • Jul 17, 2013 10:17am Jul 17, 2013 10:17am
Evening..

I have a question about the TDI. I am trying to use more PA than TDI to look for trades, and simply ise the TDi for confirmation in H1 trading.

Is the TDI valid for use as confirmation when using the Japanese CS? Or is it only for use with APB?

Because when I look for CS patterns in backtesting I notice the TDI does seem to cross at the point I look to see a CS pattern/reversal pattern. Just want to know if this is coincidence?

Thanks!

Paul
  • #21,975
  • Jul 17, 2013 11:40am Jul 17, 2013 11:40am
Quoting emmanuel7788
Dashboard for TMS trading: If you want to have a dashboard on your chart to help you make trading decision, just let me know your specifications what you want the dashboard to show you and how you will use that to make a trade decision. I am in the mood to take on some MT4 programming when I get some good ideas from TMS traders. regards, EMMANUEL

Since you are in the mode and nobody took advantage of it ,Do you mind to move the recent fib lines to the right side of the chart (where I put the red arrows) so they wouldn't interfere the chart and candles?

I don't have the mq4 file though.I hope you have.

Thanks
Mike

P.S.Don't worry about the old lines.I try not to look at them.
Attached Image (click to enlarge)
Click to Enlarge Name: test.jpg Size: 110 KB
Failure, is a wonderful teacher!
  • #21,976
  • Jul 17, 2013 12:03pm Jul 17, 2013 12:03pm
Quoting emmanuel7788
Here is the M15 Marubozu in that H1 Pin Bar.... {image}
Ah, explained. And you are an expert, so there!!!
  • #21,977
  • Jul 17, 2013 12:11pm Jul 17, 2013 12:11pm
Quoting irishtoffy
Evening.. I have a question about the TDI. I am trying to use more PA than TDI to look for trades, and simply ise the TDi for confirmation in H1 trading. Is the TDI valid for use as confirmation when using the Japanese CS? Or is it only for use with APB? Because when I look for CS patterns in backtesting I notice the TDI does seem to cross at the point I look to see a CS pattern/reversal pattern. Just want to know if this is coincidence? Thanks! Paul
My personal preference is regular candlesticks. BigE in post #1 or 2 said to use HA because they are less stressful, not valid in my opinion as watching sports is more stressful for me than watching charts. Later the APB came into play. But when talking about PA it is easier for me to see OBs, IBs, EBs, & PBs using candlesticks. You say tomato, I say toh mah toh, a fielder's choice for baseball fans. As I said a few pages back I have 2 charts side by side on my screen, APB & CS.p.
  • #21,978
  • Jul 17, 2013 3:51pm Jul 17, 2013 3:51pm
Quoting emmanuel7788
{quote} How about this suggestion: Open a demo account with $10k and trade with mini-lot size. Open every trade with 2-mini-lots, scale out 1-lot at +1R, BE 2nd-lot when market move +1R. trail market with jumping stop R with final TP set to 5R. Concentrate on lookin g for A+++ trade setup. For the purpose to learn in shorter time span, trade multiple pairs - AU, AJ, EU, EJ, GU, EAud, ECad, ENzd, GAud, GNzd, GCad. This should give you enough trade opportunities to practice to spot setups and excute your entry and exits for every setups. But do not...
Hi Emmanuel,
I guess you do the jumping Stop with the steve wood trade manager.I tried to install it and give it a try but not working.Do mine to share the setting here with us please.
I share my screen shot.I ask for 10 pips jumping stop which here shows as 100(I guess bcoz my broker is 5 digit) I left 1 position with TP and SL and the other one without them but nothing happened.

Thanks
Mike

p.s. I downloaded the last version from FF not his website
Attached Image
Failure, is a wonderful teacher!
  • #21,979
  • Jul 17, 2013 4:47pm Jul 17, 2013 4:47pm
Quoting mike1349
{quote} Since you are in the mode and nobody took advantage of it ,Do you mind to move the recent fib lines to the right side of the chart (where I put the red arrows) so they wouldn't interfere the chart and candles? I don't have the mq4 file though.I hope you have. Thanks Mike P.S.Don't worry about the old lines.I try not to look at them. {image}

okay, we keep the current one as it is good for manual back-testing and we see the Fibs in the history charts.

the new one ... will be in my work-in-progress queue...

working on TMS tools - dashboard and trade signal alerts have higher priority
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,980
  • Jul 17, 2013 4:58pm Jul 17, 2013 4:58pm
Quoting mike1349
{quote} Hi Emmanuel, I guess you do the jumping Stop with the steve wood trade manager.I tried to install it and give it a try but not working.Do mine to share the setting here with us please. I share my screen shot.I ask for 10 pips jumping stop which here shows as 100(I guess bcoz my broker is 5 digit) I left 1 position with TP and SL and the other one without them but nothing happened. Thanks Mike p.s. I downloaded the last version from FF not his website {image}

here is the set file.. for you
Attached File(s)
File Type: rar mike mtpmv 6.rar   2 KB | 718 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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