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Trading Made Simple

  • #31,241
  • Feb 20, 2014 2:05pm Feb 20, 2014 2:05pm
Quoting TheScorpS
{quote} Exactly PRCP, I was just scrolling PHx62 pdfs and saw the post on the best trades is taken following PRCP like Morning Star or Pullback Candle with cross of TDI and TDI coming out of overbought, just as I finished reading this , half an hour later came to trading and saw exactly the setup phx62 talked about, so entered and it worked Also EJ has just finished ABCD pattern, where we look for buys signal confirmed by TDI which helped in this case, TP is taken slightly below 61.8 from whole move up to today down move Since I post on both thread...
Can you give me a link to this PDF of PHx62 please?
There are so many and I don't know to which of them do you refer!
  • #31,242
  • Feb 20, 2014 2:53pm Feb 20, 2014 2:53pm
Quoting Flaviu1981
{quote} Can you give me a link to this PDF of PHx62 please? There are so many and I don't know to which of them do you refer!
Go to the paperclip at the top of the thread and look through the attachments, there are 4 of them they are called phx62 study I, II, III and IV
  • #31,243
  • Feb 20, 2014 3:06pm Feb 20, 2014 3:06pm
Attached are my trades for the week on EUR/AUD H1. As I stated before, nothing has changed with my trading except that I am experimenting with using channels to set targets instead of entering with a fixed target of 50 or 100 pips. Everything else in my trading plan remains the same with price action and TMS trading. The channel you see on the chart is just the one I used for the last couple of trades. There were other channels before that I removed as the week went along because they become obsolete. Still testing but the results this week were very good. Most on the trades on the chart were set and forget trades with no trailing SL or SL moves to BE except were I had one trade going and entered a second trade with the same TP. On those, I set the EA to move the stop on the 1st trade to BE so I didn't double the risk. Not sure if I will trade tomorrow since a new channel seems to be forming and volume will probably be Friday light.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014.2.20 ea h1 week (channel).png Size: 94 KB
  • #31,244
  • Feb 20, 2014 3:26pm Feb 20, 2014 3:26pm
Quoting Phx62
Attached are my trades for the week on EUR/AUD H1. As I stated before, nothing has changed with my trading except that I am experimenting with using channels to set targets instead of entering with a fixed target of 50 or 100 pips. Everything else in my trading plan remains the same with price action and TMS trading. The channel you see on the chart is just the one I used for the last couple of trades. There were other channels before that I removed as the week went along because they become obsolete. Still testing but the results this week were...
Incredible trades, as always !

By the way, I am assuming those paralel green lines mark the Asian session? And your channel highs seem to be based on session highs, and lows to lows, am I correct?
  • #31,245
  • Feb 20, 2014 4:09pm Feb 20, 2014 4:09pm
Quoting Phx62
Attached are my trades for the week on EUR/AUD H1. As I stated before, nothing has changed with my trading except that I am experimenting with using channels to set targets instead of entering with a fixed target of 50 or 100 pips. Everything else in my trading plan remains the same with price action and TMS trading. The channel you see on the chart is just the one I used for the last couple of trades. There were other channels before that I removed as the week went along because they become obsolete. Still testing but the results this week were...
nearly 800 pips in one week on one pair.....

All Hail Phx62
He who knows when he can fight and when he cannot, will be victorious.
  • #31,246
  • Feb 20, 2014 4:38pm Feb 20, 2014 4:38pm
I have now tried this strategy for few days with demo account. I dont know what im doing wrong, but here are my result.

http://gyazo.com/5ae326111a9be2c9ece475f4ab462074
  • #31,247
  • Feb 20, 2014 5:06pm Feb 20, 2014 5:06pm
Quoting medIce
I have now tried this strategy for few days with demo account. I dont know what im doing wrong, but here are my result. http://gyazo.com/5ae326111a9be2c9ece475f4ab462074
If you posted some charts with your trades on them we could comment and try to figure it out together
  • #31,248
  • Feb 20, 2014 6:05pm Feb 20, 2014 6:05pm
Taking ScreenShots of your charts:

Here is an automatic way to take screen shots of your charts.
It is an Expert Advisor EA so it must run on one chart where you want the EA to take screen shot of the chart activities like, TDI crosses, APB change colour, and also when you have made your trades.

1) Copy this attached EA to to \MQL4\Expert folder
2) re-start MT4 to ensure the EA as required evertime you add new things to MT4.
3) Open a new chart and apply the template you want and set to timeframe you want. H1 if you want the screenshot to be taken every one hour.
4) Then make sure you don't have any other EA running inthis new chart opened.
5) Load this EA to the new chart and also make sure you have selected the timeframe mention in 3) above.

This EA will automatically capture your chart screen every one hour according to the chart timeframe.

The captured screen shot will be saved in a subfolder under the \MQL4\File\Screen_Shots\....

See pic below:



Have Fun using this.

EMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot EA folder.png Size: 93 KB
Attached File(s)
File Type: ex4 ScreenShotEA.ex4   5 KB | 551 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,249
  • Feb 20, 2014 6:11pm Feb 20, 2014 6:11pm
Quoting emmanuel7788
Taking ScreenShots of your charts: Here is an automatic way to take screen shots of your charts. It is an Expert Advisor EA so it must run on one chart where you want the EA to take screen shot of the chart activities like, TDI crosses, APB change colour, and also when you have made your trades. 1) Copy this attached EA to to \MQL4\Expert folder 2) re-start MT4 to ensure the EA as required evertime you add new things to MT4. 3) Open a new chart and apply the template you want and set to timeframe you want. H1 if you want the screenshot to be taken...

Thank you ~ I was looking for something like this, can't wait to try it out
  • #31,250
  • Feb 20, 2014 6:26pm Feb 20, 2014 6:26pm
Quoting Phx62
Attached are my trades for the week on EUR/AUD H1. As I stated before, nothing has changed with my trading except that I am experimenting with using channels to set targets instead of entering with a fixed target of 50 or 100 pips. Everything else in my trading plan remains the same with price action and TMS trading. The channel you see on the chart is just the one I used for the last couple of trades. There were other channels before that I removed as the week went along because they become obsolete. Still testing but the results this week were...

Hi Phx62,

As usual awesome trades.

I have tried using the SHI Chanel indicators during the X-Man S3 trading days but did not find that to be consistent as it re-paints.
I have a few questions on the channel you use and I'll try to re-code the SHI Channel indicator to draw the channels using a certain technique perhaps following your way in doing this.

Looking at your chart posted,

Attached Image


1) The channel seen as on 20 Feb, when was the last time this three channel lines were re-drawn.

2) How do you determine when and how the three channel lines to be drawn. For example, do you use the MT4 standard deviation or regression channel tool for this.

3) Please explain in details how you determine when a new channel is forming.

4) Do you have any resources where we can learn this channel method,... any books, seminars, online websites, etc.

Thanks a lot.

Regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,251
  • Feb 20, 2014 6:32pm Feb 20, 2014 6:32pm
Quoting nvied
{quote} Thank you ~ I was looking for something like this, can't wait to try it out

Hi nvied,

Your are welcome.

I was re-installing my MT4 in my VPS yesterady , a second time since build 600. This week it crashed after build 610 update but I found a few EAs caused some problems. This one I corrected and tested overnight and is working again.

Please try it and feedback to me any suggestions which we can improve this. It will benefit more people and help with taking screen shots while ee are too busy looking for trade setups, etc.

Regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,252
  • Feb 20, 2014 6:45pm Feb 20, 2014 6:45pm
Quoting salimc
{quote} Hello emmanuel7788, I use a different strategy for Forex. But I have found this thread very interesting. The link http://www.forexfactory.com/showthread.php?t=292285 has the latest updates for all the indicators & template or there other updates too ? Can you ps advice? Thank you for your help. Regards, salimc

Hi salimc,

Thanks for that link.

I am not sure which version those indicators and have not used them. I know member num3bers was an active members but have not seen him quite a while.

To be 'safe' I suggest you use only the indicators posted in this thread and also some members have shared theirs here. Try them.
I know this has become a huge thread with some many pages and posts, but TMS and the 5-Method remains the same.

Many members have shared their personal adaptions, add-ons, filers, etc. They have tried , tested and they do show trades using them. We can learn from them too when we keep an open mind.
On the other hand, we have few members coming here and reminding us to 'keep it simple' but those are people have never shared anything except repeating that slogan 'keep it simple' like a chant.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,253
  • Feb 20, 2014 6:46pm Feb 20, 2014 6:46pm
I was wondering what you thought of this USDJPY set up forming.

Is this a good buy signal forming?

if so where would you place your TP? The second red line or the 3rd?

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-02-20 at 5.46.26 PM.png Size: 45 KB
He who knows when he can fight and when he cannot, will be victorious.
  • #31,254
  • Feb 20, 2014 6:54pm Feb 20, 2014 6:54pm
Quoting Greenb
{quote} what do you mean stealth sl on pc terminal? isn't the sl order send to the broker the moment you set it on mt4? oh and that euraud bull bias your implying a post or so before this post, well it happened good trade

Hi Greeb,

Yes, when we place our orders, these are send to the broker. This is the safe way to have stops especially our initioal SL and/or emergency SL.

But we can also use an EA to manage our trades and this can also include placing stops which runs only in our PC terminal handle by our EA and not sent to the brokers hence its name stealth mode. There is risk doing this when we do not send SL to our broker as I mentioned above.

EUR and GBP crosses are good pairs to trade recently with their wider range and I make my profit cylce in few trading days. The majors are lagging slightly behind.
I see this will continue for a few more weeks until mid April when the first Q GDP of the major economy will be known by then.

Trade Well.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,255
  • Feb 20, 2014 6:54pm Feb 20, 2014 6:54pm
Quoting emmanuel7788
Taking ScreenShots of your charts: Here is an automatic way to take screen shots of your charts. It is an Expert Advisor EA so it must run on one chart where you want the EA to take screen shot of the chart activities like, TDI crosses, APB change colour, and also when you have made your trades. 1) Copy this attached EA to to \MQL4\Expert folder 2) re-start MT4 to ensure the EA as required evertime you add new things to MT4. 3) Open a new chart and apply the template you want and set to timeframe you want. H1 if you want the screenshot to be taken...
Thank you for the good tip, Emmanuel. This is very useful tool!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #31,256
  • Feb 20, 2014 7:07pm Feb 20, 2014 7:07pm
just entered into short AU.
TDI crossed down, good momentum on the previous bar. lets see how it goes eh
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh12.png Size: 118 KB
Daniel
  • #31,257
  • Feb 20, 2014 7:07pm Feb 20, 2014 7:07pm
Quoting chienung
{quote} Thank you so much Emmanuel for kind advise....I shall try my best to follow the infos regarding how to trade on this tread...

You are most welcome chienung.

Keep an open mind when you learn to trade following this thread. There is no holy grail system therefore we must work hard to learn as many things as possible. It is like a huge jigsaw puzzle, we find many pieces from all over the places online via the world wide web. It will be your job to piece all these piecs together. When you are near to completion, that nice picture will start to show ... but yet it will not be compete becuase there are still many missing pieces. It is a very long journey with many milestones along the way and there is no final destination. That's the life of a trader and trading for a living.

Regards and Trade Well,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,258
  • Feb 20, 2014 7:17pm Feb 20, 2014 7:17pm
Quoting heispark
{quote} Thank you for the good tip, Emmanuel. This is very useful tool!

You love trading tools? I love them a lot.
Tools make my life easy everyday as I trade because I am a lazy trader.
So I have plenty of time to enjoy what I do everyday and that includes writing in public forums.

We need trading tools to trade this simple method because we all believe in keeping it simple.
Trading tools is one way to help us keep it simple.
But repeating that slogan like a chant and not doing anything is foolish.
I dont spend time to wrote new indicators becausee what we need to trade TMS 5-Method are available as standrad indicators in most trading platforms.
It is time to move to other platforms.

Many more tools are in my team's bag.... but only release to all open minded people.

Be patient.

Regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,259
  • Feb 20, 2014 7:19pm Feb 20, 2014 7:19pm
Quoting TheDDReport
I was wondering what you thought of this USDJPY set up forming. Is this a good buy signal forming? if so where would you place your TP? The second red line or the 3rd? {image}
EJ was better setup 4 hr chart earlier and +30

Currently short AU on 1hr chart
  • #31,260
  • Feb 20, 2014 7:21pm Feb 20, 2014 7:21pm
Quoting Valentinik87
Hi to all,another trading day is over for me...still learning.... {image}

Hi Valentinik87,

Nice trades shown on your chart. Thank you for posting and sharing them.

You are getting there.... ... slowly but surely.
Spend more time and study those Phx62 pdfs, you will learn plenty. I learn a lot from them and adapt myself as I joruney on.

Keep it up.

Trade Well.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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