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Monitor for 'Trading Made Simple' system 565 replies

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

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

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Trading Made Simple

  • #28,021
  • Dec 5, 2013 8:27pm Dec 5, 2013 8:27pm
Quoting Bizzzle
{quote} I use alpari uk on my charts it the 4am, 8am and 12 candles...

Thanks for your reply Bizzzle ( I want to follow BIG E method as close as possible )
  • #28,022
  • Dec 5, 2013 10:22pm Dec 5, 2013 10:22pm
Quoting Oldie
{quote} Hi cce: I know this is an old post but don't you need the mq4 files for Syngery & Stochastic Slope for them to work correctly. They usually come in pairs e.g. mq4 & ex4. Cheers Oldie

You don't need the mq4 file, the ex4 file is just a compiled version of an mq4, if you put the ex4 file in your indicators folders and then restart your platform it will work properly.
  • #28,023
  • Dec 5, 2013 11:41pm Dec 5, 2013 11:41pm
Quoting lastingwell
{quote} You don't need the mq4 file, the ex4 file is just a compiled version of an mq4, if you put the ex4 file in your indicators folders and then restart your platform it will work properly.

Thanks once again "lastingwell".

What I should have asked you the last time - if you are not using the Stochs. as an indicator how are you doing with this system. Cheers Peter
  • #28,024
  • Dec 6, 2013 2:09am Dec 6, 2013 2:09am
Hello everyone! Anyone trading in GU?
  • #28,025
  • Dec 6, 2013 3:17am Dec 6, 2013 3:17am
Quoting skyhawkps
Hello everyone! Anyone trading in GU?
I shorted yesterday, mainly looking on the daily. Missed my TP by little. Currently retracing a bit, but I'll stay in. S/L is reasonably wide but if it gets hit it won't be a big loss.
  • #28,026
  • Dec 6, 2013 3:53am Dec 6, 2013 3:53am
Just a reminder that its NFP in just about 3 1/2 hours.
  • #28,027
  • Dec 6, 2013 4:10am Dec 6, 2013 4:10am
Congrats on the new thread, I'm sure it will help people keep from becoming confused. Thanks for all that you give to this forum and good luck for your forex trading business.

Russel
  • #28,028
  • Dec 6, 2013 4:50am Dec 6, 2013 4:50am
Is it just me or have traded volumes significantly decreased?
  • #28,029
  • Dec 6, 2013 5:08am Dec 6, 2013 5:08am
Quoting WDays
Is it just me or have traded volumes significantly decreased?
It's December, holidays soon, some on vacation already. I'm guessing that's the reason
  • #28,030
  • Dec 6, 2013 5:14am Dec 6, 2013 5:14am
Quoting lastingwell
{quote} I like to take high probability trades and at least like to see it start to bend before I go in, but I don't trade the H4 so I could be wrong on that being important on that timeframe. If I saw a strong down red line along with large divergence which there was on your first chart I wouldn't go in. If that meant I would miss it, then I would miss it but I would be looking for a better setup.
That is a very nice filter, I've noticed it too. I've been frustrated more than once when a candle breaks a range with a TDI cross and the trade doesn't go anywhere. Once the frustration passed I analysed my trades and noticed 2 occurences...
1) what you just said
2) the angle of the green line opposed to the red - the wider the gap, the higher the probability...
  • #28,031
  • Dec 6, 2013 5:26am Dec 6, 2013 5:26am
Quoting WDays
{quote} 2) the angle of the green line opposed to the red - the wider the gap, the higher the probability...
And thats the exact reason I like the h4 mtf on my chart, as you can see them in steps rather than angles, the bigger the step the higher the probability
  • #28,032
  • Dec 6, 2013 5:28am Dec 6, 2013 5:28am
Quoting WDays
Is it just me or have traded volumes significantly decreased?

Its usually quieter NFP week as well so thats also a factor.
  • #28,033
  • Dec 6, 2013 5:40am Dec 6, 2013 5:40am
Quoting lastingwell
{quote} And thats the exact reason I like the h4 mtf on my chart, as you can see them in steps rather than angles, the bigger the step the higher the probability
I never liked MTF indicators I look at H4 every time my broker prints a new candle, that way I keep track of the bigger picture as well as eventual TDI crosses that may occur and extend an H1 trade I'm already in
  • #28,034
  • Dec 6, 2013 5:50am Dec 6, 2013 5:50am
Quoting WDays
{quote} I never liked MTF indicators I look at H4 every time my broker prints a new candle, that way I keep track of the bigger picture as well as eventual TDI crosses that may occur and extend an H1 trade I'm already in

I've never liked them much before as I was usually waiting for the candle to close to have a good signal but once I realised phx62 takes notice of the cross at the open of the candle and doesn't wait for it to confirm by closing, I can use the mtf without worrying.
  • #28,035
  • Dec 6, 2013 6:03am Dec 6, 2013 6:03am
Quoting lastingwell
{quote} I've never liked them much before as I was usually waiting for the candle to close to have a good signal but once I realised phx62 takes notice of the cross at the open of the candle and doesn't wait for it to confirm by closing, I can use the mtf without worrying.
Just like pivots, I still find it redundant for H1 Different people, different methods... And anyway. yours seems to be working preeetty well
  • #28,036
  • Dec 6, 2013 7:48am Dec 6, 2013 7:48am
Quoting WDays
{quote} Just like pivots, I still find it redundant for H1 Different people, different methods... And anyway. yours seems to be working preeetty well
Definitely wouldn't do for us all to be the same
  • #28,037
  • Dec 6, 2013 8:05am Dec 6, 2013 8:05am
Some fundamentals questions.

Bullish news for USD and CAD. Price spiked accordingly. But can someone explain to me why also every major European and downunder currency had bullish surge in price in against JPY? Actually all NA/European pairs made long dojis, but all NA/E/"DU" currencies are holding the increased price after the news. I realise American economy is very connected with Eurozone, but otherwise I know pretty much nothing about fundamentals. Is it always like this after NFP and similarly high impact news?

I had exited all USD and CAD trades before the news, however I stayed in buys E/J, C/J and G/J. Luckily the price went my way and hit my TP.

I'm closing all trades before weekend. However would it be logical to expect the same news trend after Asian open on Sunday?
  • #28,038
  • Dec 6, 2013 8:17am Dec 6, 2013 8:17am
My best trade of the week was yesterday on EN. To be completely open I have been experimenting with the m5 chart with the h1 tdi and h4 tdi on it just to see how it would feel. I suppose its a bit like Emmanuel drilling down to the lower timeframes after getting a higher timeframe signal but more compact. Anyway, I don't think I would have taken it solely looking at H1 which is the reason I'm showing it. +100 pips. First chart is H1 and second chart is M5
Attached Image(s) (click to enlarge)
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  • #28,039
  • Dec 6, 2013 8:30am Dec 6, 2013 8:30am
lane,

as you can see now mostly all pairs are going back to "start".

I think there is no real fundamental reason. Look about the numbers? 20k more jobs ist not an amount you could tell that the US economy is recovering like a starfight jet.

And anyway we have peeks of 100 pips i.e. in currencies like GBP/AUD (no USD and no CAD involved). It could be that there are investment-shifts into or out of the USD into other currencies, which triggers there new sale or buy programs. No one knows.

At the end of the day the market commentators will give a reason for that, like i.e. better NFP -> means better US economy -> expecations for less tapering in US -> means less money in the currencies, or, or, or....
Afterwards always someone will find a reason, why investors sold or bought a special stock.

I think it's just a hyperbole - created like in a pool billiard game, where one bowl nudges 2 others, which nudges two others.... and sometime everything will calm down.

fxfox
fxFox (all times in my charts are GMT+1)
  • #28,040
  • Dec 6, 2013 8:46am Dec 6, 2013 8:46am
Quoting fxFox.mb
lane, as you can see now mostly all pairs are going back to "start". I think there is no real fundamental reason. Look about the numbers? 20k more jobs ist not an amount you could tell that the US economy is recovering like a starfight jet. And anyway we have peeks of 100 pips i.e. in currencies like GBP/AUD (no USD and no CAD involved). It could be that there are investment-shifts into or out of the USD into other currencies, which triggers there new sale or buy programs. No one knows. At the end of the day the market commentators will give a reason...
Ok, I see. I just found it a bit strange to see "every" pair including CHF, AUD, NZD jumping against the JPY. I thought that, for example, big US news would impact only USD and CAD pairs, the other currencies much less or not at all, but now that this happened I just imagined there was something specific to know out there that I don't, so I asked.

Thanks.
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