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Trading Made Simple

  • #24,241
  • Aug 28, 2013 2:37pm Aug 28, 2013 2:37pm
Hins, is your version of the buy/sell draw lines a later one than Emmanuel posted at #22364? Yours is easier to read. Thanks.
  • #24,242
  • Aug 28, 2013 2:46pm Aug 28, 2013 2:46pm
Quoting mary4x
Hins, is your version of the buy/sell draw lines a later one than Emmanuel posted at #22364? Yours is easier to read. Thanks.
Hi mary4x,

That's exactly right, my version is version 3 from Emmanuel's post you refer to. If you double click on the blue(buy) or red(sell) DOTTED line (not on the levels), then right click, and choose "Fibo properties" you will be able to modify the "Common" and "Fibo level" line properties. Please see in my post that I've modified the levels so that the color and line style are more readable and does not bother the eye in the long term while trade is in progress...

Regards,
Hins
  • #24,243
  • Aug 28, 2013 3:08pm Aug 28, 2013 3:08pm
Does anyone in here use google drive? Anyone considered putting together a Google Folder in Drive that is organized that will help us noobz?
  • #24,244
  • Aug 28, 2013 4:34pm Aug 28, 2013 4:34pm
Quoting verouchi
Does anyone in here use google drive? Anyone considered putting together a Google Folder in Drive that is organized that will help us noobz?

I use Google Drive frequently but I am not sure what could be gained over the actual TMS forum and attachment files. Perhaps you could provide a few examples of what you have in mind.
  • #24,245
  • Aug 28, 2013 4:37pm Aug 28, 2013 4:37pm
I seem to be having trouble using this method, I'm not sure why it's not working for me. I do live in England and have a full time job so find it hard to trade in the day, I can set a trade up at 6 in the morning but then I won't be home until 5 so bit of a risk. I've ended up trading once home from 6 in the evening, maybe this is where I'm going wrong? Market seems slow and not moving much but the ones that are moving seem to be going in the wrong direction, I place trade at 6, come back at 10 and they're in the red. I will post some charts of the next trades I do and would greatly appreciate any help on what I might be doing wrong. Cheers guys, hope it's working for you.
  • #24,246
  • Aug 28, 2013 6:12pm Aug 28, 2013 6:12pm
Quoting FxLapozi
Why PA is important at 1H? As you can see, I entered my position at purple vertical line once doji formed. Do take note, at that particular time, TDI did not cross yet. Once the TDI cross, I hold my position and moved my SL to BE. (when this screenshot was taken, i didnot move my SL yet.) The reason why I am writing this post in the middle of night (Yes, it's 2 am now in Singapore) is that I want to point out that if you are trading 1H, you cant possibly keep waiting for the TDI to cross first before entering your trade. By then, it would be too...

FxLapozi,

You sleepless in Singapore, how come? Such a busy country and you still have so much energy at 2am.

You made good point on H1 entry. It is all about TIMING the entry, one of the ten things I mentioned.

Once we get a good timed entry, we need to work on the positions sizing and the numbers of positions to trade.

Try trade with 2-lots entry, Exit 1-lot at 0.5R and let the other remaining 1-lot run using a trade manager EA to manage your trades. In this way, you have more time to focus on high probability setups & entry and TIMING.

In taking profit at 0.5R, and leaving the other position with SL -1R, you effectively reduce the overall trade risk by half.

However, if you move your SL for the 2nd position to BE when you exit the 1st lot, you get higher percentage of being stopped out at BE, but you still have one profitable position +0.5R profit.

The trailing stop method is not a good to use when you are not in profit. Jumping Stop is a better in overall performance.

Work this on paper and also do some demo trades and you will experience the effectiveness of R-Multiple trade management.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,247
  • Aug 28, 2013 6:17pm Aug 28, 2013 6:17pm
Quoting mary4x
Emmanuel, is there a way to enlarge the print size on the buy/sell scripts?
Quoting Hins
{quote} Hi Emmanuel, May I request a slightly changed version of your buy and sell scripts? I would like to use a "Gray" color, "dotted" style line with width of "1" by default. Like in the chart attached, as I am using a black background I think a neutral color would be better. I hope this request won't bother you much. Thanks and Regards, Hins {image}
Quoting Hins
{quote} Hi mary4x, That's exactly right, my version is version 3 from Emmanuel's post you refer to. If you double click on the blue(buy) or red(sell) DOTTED line (not on the levels), then right click, and choose "Fibo properties" you will be able to modify the "Common" and "Fibo level" line properties. Please see in my post that I've modified the levels so that the color and line style are more readable and does not bother the eye in the long term while trade is in progress... Regards, Hins
maryx,
Hins,

Okie dokie, I'll work on a new version to include your requests. Give me few days.

Anyone else with wishes to improve this Buy & Sell scripts?

How about an indicator to show the buy & sell lines to pop up when TDI cross?


regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,248
  • Aug 28, 2013 6:31pm Aug 28, 2013 6:31pm
Quoting Dannoo360
I seem to be having trouble using this method, I'm not sure why it's not working for me. I do live in England and have a full time job so find it hard to trade in the day, I can set a trade up at 6 in the morning but then I won't be home until 5 so bit of a risk. I've ended up trading once home from 6 in the evening, maybe this is where I'm going wrong? Market seems slow and not moving much but the ones that are moving seem to be going in the wrong direction, I place trade at 6, come back at 10 and they're in the red. I will post some charts of...
Dannoo360,

I still have bigger problem than you when I try trade H1 during the hours after London close until Sydney open.

Two reasons:

1) It is my bedtime in Asia Pacific time zone.

2) The market session hours after London close is difficult to trade as liquidity often drop and the impact of US news affects the trading volatility. The best trading hours are still the European market hours - from Frankfurt open till London close.

Please post some charts and let us here have a look together and see what we can learn from them.

Have you considered trading the D1 chart timeframe?

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,249
  • Aug 28, 2013 6:39pm Aug 28, 2013 6:39pm
Let me start by saying I'm a complete Forex neophyte (only been demo trading a couple of months). I'm intrigued by the method here, but I cannot seem to make it work. I've read a goodly chunk of the thread, and have seen many great examples of good trades, but what I think would help me would be seeing what criteria I should be using to filter out bad trades. For example, I've attached a the EUR/USD hourly for the last couple of days. I have marked what I think are all the system entries - however, almost 2/3 of them are losers. What criteria should I be using to filter them out?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.jpg Size: 329 KB
  • #24,250
  • Aug 28, 2013 6:39pm Aug 28, 2013 6:39pm
Quoting verouchi
Does anyone in here use google drive? Anyone considered putting together a Google Folder in Drive that is organized that will help us noobz?

verouchi,

The way I did for myself is when I read trading forums and find some good posts and materials, I copy the posts and make my own collection of the topics into a reference book of my own.
Doing it this way, you know what you have in your own book and it is your very own compilation.

Start with a learning structure and create a topic content. Then start gathering the post and materials, add them your book.

Here in FF, everything can only be uploaded but don't expect anyone to update them. That would be ideal if the OPs in FF do that regularly. But I don't see that happening. Members here have been very helpful in compiling and sharing their work here.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,251
  • Aug 28, 2013 6:49pm Aug 28, 2013 6:49pm
Quoting emmanuel7788
{quote} verouchi, The way I did for myself is when I read trading forums and find some good posts and materials, I copy the posts and make my own collection of the topics into a reference book of my own. Doing it this way, you know what you have in your own book and it is your very own compilation. Start with a learning structure and create a topic content. Then start gathering the post and materials, add them your book. Here in FF, everything can only be uploaded but don't expect anyone to update them. That would be ideal if the OPs in FF do that...
Hi Emmanuel,

Just perusing FF and came across your posts. I commend you on your work here helping others.

Regards,
Scott
The world you desire can be won. It exists.. it is real.. it is possible..
  • #24,252
  • Aug 28, 2013 6:55pm Aug 28, 2013 6:55pm
4H Swing Trading - Channeling Technique:

I see a few good 4H channels on seven JPY pairs after the recent volatile move.

Practice and identify the channels. See if you get some good trades, not this week, but next few week and thereafter. be mindful, September month is Q3 hence big corporation will be under pressure to produce good financial results and GDP of major economies need to buck up. Expect and plan for a volatile September trading month.

Good Trading folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,253
  • Aug 28, 2013 7:07pm Aug 28, 2013 7:07pm
Quoting Mr. Scott
{quote} Hi Emmanuel, Just perusing FF and came across your posts. I commend you on your work here helping others. Regards, Scott
Hello Scott

Thank you for your kind words and for dropping by here. Please come by more often when your time permits and help us keep on track how we trade this market.

This is a tough business and the learning curve is very steep. When I first started out many years ago, I stumbled and fell many times but I never gave up learning. Hopefully new traders coming to this thread will also learn along with the like-minded folks here and never gave up learning. We can shorten and smoothen the learning curve when many work together.

Kind regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,254
  • Aug 28, 2013 7:12pm Aug 28, 2013 7:12pm
Quoting FxLapozi
Why PA is important at 1H? As you can see, I entered my position at purple vertical line once doji formed. Do take note, at that particular time, TDI did not cross yet. Once the TDI cross, I hold my position and moved my SL to BE. (when this screenshot was taken, i didnot move my SL yet.) The reason why I am writing this post in the middle of night (Yes, it's 2 am now in Singapore) is that I want to point out that if you are trading 1H, you cant possibly keep waiting for the TDI to cross first before entering your trade. By then, it would be too...
  • #24,255
  • Aug 28, 2013 7:13pm Aug 28, 2013 7:13pm
Quoting emmanuel7788
{quote} That is CompassFx' ADR Pro calculator available commercially.... I am currently testing that for my own trading. So far so good.
Emmanuel, could you briefly share with us how you utilize the ADR Pro calculator, and if it would compliment our TMS trading?
Thanks for your response...GB
  • #24,256
  • Aug 28, 2013 7:31pm Aug 28, 2013 7:31pm
Quoting gbmcgee
{quote} Emmanuel, could you briefly share with us how you utilize the ADR Pro calculator, and if it would compliment our TMS trading? Thanks for your response...GB

gbmcgee,

Give me some time later today till after Sydney close. Now busy with my workshop members.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,257
  • Aug 28, 2013 8:50pm Aug 28, 2013 8:50pm
Quoting FxLapozi
Why PA is important at 1H? As you can see, I entered my position at purple vertical line once doji formed. Do take note, at that particular time, TDI did not cross yet. Once the TDI cross, I hold my position and moved my SL to BE. (when this screenshot was taken, i didnot move my SL yet.) The reason why I am writing this post in the middle of night (Yes, it's 2 am now in Singapore) is that I want to point out that if you are trading 1H, you cant possibly keep waiting for the TDI to cross first before entering your trade. By then, it would be too...

Out with +75
  • #24,258
  • Aug 28, 2013 9:20pm Aug 28, 2013 9:20pm
Quoting emmanuel7788
{quote} gbmcgee, Give me some time later today till after Sydney close. Now busy with my workshop members. regards, EMMANUEL
Thanks, Emmanuel...I live in the CST and work the 10pm to 6am shift. Will check tomorrow. Thanks again, GB
  • #24,259
  • Aug 28, 2013 9:37pm Aug 28, 2013 9:37pm
since i began using this system yesterday was the most profitable day. i decided not to use the HA candles. using the japanese candles. looking at the chart pattern and the crossover with support or resistance levels nearby. it rocks.
today will trade around london open.

happy pipping
Come tomorrow, I'll wake up new
  • #24,260
  • Aug 28, 2013 11:38pm Aug 28, 2013 11:38pm
Quoting emmanuel7788
4H Swing Trading - Channeling Technique: I see a few good 4H channels on seven JPY pairs after the recent volatile move. Practice and identify the channels. See if you get some good trades, not this week, but next few week and thereafter. be mindful, September month is Q3 hence big corporation will be under pressure to produce good financial results and GDP of major economies need to buck up. Expect and plan for a volatile September trading month. Good Trading folks.

Hi,

learning to draw channel. Hope I did it correctly..

Thanks and regard,
Wqiang
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY H4.png Size: 172 KB
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