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Trading Made Simple

  • #31,141
  • Feb 19, 2014 2:48pm Feb 19, 2014 2:48pm
Quoting Frenchie
{quote} EU H1 here with details of the 2 trades: And am currently short (sold at the moment I closed the 2nd trade) {image}
I can't say your entries were bad, but it's pretty obvious you have very unrealistic expectations for your trades.

Look at your first short trade, you entered pretty adequately, on the close of a bearish engulfing bar. However EU has an average range of 60-70 pips. You can't expect a 50 pipper on that pair, especially this early in the morning with barely any momentum. You were taken out at b/e because the pair is essentially rangebound. Afternoon was filled with US data releases and it barely budged, this should tell you something. The moves on the daily chart on EU are pretty much as large as the moves for one single week (as can be seen on H1 and H4) on GJ....
  • #31,142
  • Feb 19, 2014 2:54pm Feb 19, 2014 2:54pm
Quoting WDays
{quote} What pair is this, where is your entry?

Can anyone tell me how to install the indicators to your system in FXDD? Because on my OANDA indicators want to transfer it to FXDD, but don't know where I put them properly in the system so it will appears to FXDD system at MT4.
  • #31,143
  • Feb 19, 2014 3:12pm Feb 19, 2014 3:12pm
looks like all my pairs are turning bearish!!
Give yourself a chance and trade it like it's layed out...
  • #31,144
  • Feb 19, 2014 3:17pm Feb 19, 2014 3:17pm
I copied all indicators from my OANDA and paste to FXDD MT4 in this location C:\Program Files (x86)\FXDD - MetaTrader\MQL4\Experts.... but is not showing at all my added indicators when I open the MT4 (FXDD). Anyone some idea?
  • #31,145
  • Feb 19, 2014 3:29pm Feb 19, 2014 3:29pm
Quoting skyhawkps
I copied all indicators from my OANDA and paste to FXDD MT4 in this location C:\Program Files (x86)\FXDD - MetaTrader\MQL4\Experts.... but is not showing at all my added indicators when I open the MT4 (FXDD). Anyone some idea?
FXDD ship MT4 build 600+ so indicators now going into Users data folder.

Open MT4

Open File > Open Data Folder >

MQL4 > Indicators << Copy and Paste into there
  • #31,146
  • Feb 19, 2014 3:31pm Feb 19, 2014 3:31pm
Quoting Lane
{quote} There was a lovely H4 pinbar that formed at the bottom of the channel earlier this day, that also couldn't break TDI 50 and MBL. I noticed it was a good bullish signal but at the moment I was in like 4 trades so I just decided to watch. My 20 and 50 MAs were squirming around price congestion for a while now, I love how during Tokyo price put effort to break out downwards but failed, and boom...

Hi Lane,

You are right that there is a H4 Pin bar and it sits right at the Prev W Fib 50% and that would be a good H4 entry setup.

Here is how I trade EURCAD yesterday using the D chart.

There was a BUOB on the previous D, so not to miss this buy opportunty, we can buy at the open the next D, but that way means we usually will have to sit through the intraday correction. The way in trading with Multiple Entries and Multipe Exits is to use position building and add positions during the intraday corrections.

Attached Image (click to enlarge)
Click to Enlarge Name: EC D 19 Feb trades MEME.png Size: 38 KB


Trade Well


EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,147
  • Feb 19, 2014 3:34pm Feb 19, 2014 3:34pm
Quoting Bizzzle
looks like all my pairs are turning bearish!!

EUR and GBP crosses are bullish...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,148
  • Feb 19, 2014 3:47pm Feb 19, 2014 3:47pm
Quoting Numb3rs
{quote} I have a compilation document of what I see to be important rules and things posted by eelfranz at this post: http://www.forexfactory.com/showthread.php?t=292285 Read through it. It might answer most of your questions.
Hello Numb3rs ,
I am new to this thread. i find it quite interesting. The above link is still the right place where i can find all the indy & templ. Am i right?
Thanks for your help.
regards,
salimc
  • #31,149
  • Feb 19, 2014 3:53pm Feb 19, 2014 3:53pm
Quoting hostwey
{quote} FXDD ship MT4 build 600+ so indicators now going into Users data folder. Open MT4 Open File > Open Data Folder > MQL4 > Indicators << Copy and Paste into there
Ohh man! I'm about to give up and uninstall the FXDD. But finally you reply and make it simple for me. It's works good now! Thanks a lot!!!!!

Regards
  • #31,150
  • Feb 19, 2014 3:54pm Feb 19, 2014 3:54pm
Quoting Direwolf
Great trade Helanka! How did you have the confidence to enter EURCAD when the price already moved so far?
Thank you Direwolf

The reason to enter a late entry.
I was in a sell trade on eurcad since morning i closed my that trade when it reached to 1.5000(+60 pip) & I hope to re enter when price re test bearish trend line & rivers.But instead of that price break & closed above the trend line .my broker offer new H4 candle 16:00 hrs.since last two hour of h4 candle normally pull back i wait till open new h4 candle to confirm the reversal.
But I was too busy that time with a personal matter & unable to enter long trade from the begging of new H4 candle.when I came price was already move 28 pip on new h4 candle.But I enter the trade by using original SL & TP which i use when i enter that trade from the begging of that H4 candle.

But if i were in front of my monitor i definitely enter long trade when NY open candle break the Daily pivot,without wait till New h4 candle open.Because reversal is already confirm in that time.

Thanks
Helanka
Helanka
  • #31,151
  • Feb 19, 2014 3:59pm Feb 19, 2014 3:59pm
Quoting emmanuel7788
{quote} EUR and GBP crosses are bullish...
Give yourself a chance and trade it like it's layed out...
  • #31,152
  • Feb 19, 2014 4:05pm Feb 19, 2014 4:05pm
Quoting Bizzzle
{quote}

Laughing out loud at something you don't know nor understand is hilarious.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,153
  • Feb 19, 2014 4:08pm Feb 19, 2014 4:08pm
EA failed to break range to the upside, GJ H4 IB but broke the ascending channel to the downside. Weekly high holding it still. Will wait for Asia.
  • #31,154
  • Feb 19, 2014 4:15pm Feb 19, 2014 4:15pm
Quoting skyhawkps
{quote} Can anyone tell me how to install the indicators to your system in FXDD? Because on my OANDA indicators want to transfer it to FXDD, but don't know where I put them properly in the system so it will appears to FXDD system at MT4.
I'm not sure I understand...? Open Mt4 and go to file > open data folder, go to MQL4, and go to indis and this is where your indis go
  • #31,155
  • Feb 19, 2014 4:24pm Feb 19, 2014 4:24pm
Quoting WDays
{quote} I'm not sure I understand...? Open Mt4 and go to file > open data folder, go to MQL4, and go to indis and this is where your indis go

there is s video on post#31,055 which explains this...

but with multiple instances of MT4 installed is more complex.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,156
  • Feb 19, 2014 4:24pm Feb 19, 2014 4:24pm
Quoting emmanuel7788
{quote} Laughing out loud at something you don't know nor understand is hilarious.
Hello Emmanuel7788, I would like to follow your trading procedure...Would you be kind enough to share it with me or teach me...

Thank you
  • #31,157
  • Feb 19, 2014 4:25pm Feb 19, 2014 4:25pm
Quoting WDays
{quote} I'm not sure I understand...? Open Mt4 and go to file > open data folder, go to MQL4, and go to indis and this is where your indis go
I got it, thanks!
  • #31,158
  • Feb 19, 2014 4:28pm Feb 19, 2014 4:28pm
Quoting emmanuel7788
{quote} there is s video on post#31,055 which explains this... but with multiple instances of MT4 installed is more complex.
thanks, I'm really not tech savvy when it comes to platforms and trading software.
  • #31,159
  • Feb 19, 2014 4:43pm Feb 19, 2014 4:43pm
Quoting WDays
{quote} thanks, I'm really not tech savvy when it comes to platforms and trading software.

well these days MT4 new build is giving us a lot of unnecessary problems.

yesterday again my VPS got updated to build 610 and MPTM bombed out for unknown reasons. I am forced to manage trade manually now until I find out what caused that.

If anyone sees your MT4 re-starting itself without warning and you have open trades, please take precaution that you have your stop loss in place. I know some traders do not place stop loss in their broker server but use stealth mode with stop loss in your PC terminal. This is dangerous should we lose internet connection to the broker server.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,160
  • Feb 19, 2014 4:46pm Feb 19, 2014 4:46pm
Quoting emmanuel7788
{quote} Laughing out loud at something you don't know nor understand is hilarious.
So what is it emmanuel that I don't know or understand?
Give yourself a chance and trade it like it's layed out...
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