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Trading Made Simple

  • #32,801
  • Mar 18, 2014 6:10pm Mar 18, 2014 6:10pm
AS33156...Thanks for the link...i appreciate that...and could you tell me how you add it to the MQL4. Thanks in advance
  • #32,802
  • Mar 18, 2014 6:11pm Mar 18, 2014 6:11pm
Quoting akwunomy
I have a really minimum paying job at Dennys California...that pay 8 dollars an hour...and they only give me 15 hours very week and i have to drive like 20 to 25 miles to get to work each night and work for only 5 hours...wasting gas and putting mileage on my car...then i have an account with 3500 dollars in it....which i can't concentrate to trade because i am at work during london open which i really like trading.....I am telling you guys my story as a trader so that you guys can understand my dilemma...if you are in my shoe...will you be comfortable...
Stop writing in large text please. Don't quit your Job & don't trade with money you can't afford to lose. We trade 4hr charts here. Which gives you some decent chances to make money while you continue to work at denny's. I would personally suggest trading a demo account for a month to see how success you are before you think about investing any money at all.

Of course we want you to come in here and hit the ground running but it's going to take hard-work, dedication, and lack of sleep on your part to make this work.

Remember "SCARED MONEY MOST OF THE TIME LOSES MONEY" So don't ever invest money you can't afford to lose. There is nothing wrong working at denny's my friend. I use to work at wal-mart during college and made $5.25 an hour. Many on here have been in some tough positions and we all want you to succeed. But you have to:

Attached Image


We are all adults here. If you put in the work, stick to the system, and use strict money management you could be another success story.
MAY THE PIPS BE WITH YOU!
  • #32,803
  • Mar 18, 2014 6:12pm Mar 18, 2014 6:12pm
Sorry for that if that is how you perceive it...not shouting to anyone...just maybe they are not seeing my message.
  • #32,804
  • Mar 18, 2014 6:16pm Mar 18, 2014 6:16pm
Hi All,

Trying to use TMS on H4 and end up in chaos , please help guide me what have i done wrong in my setup.

I did these trades at 16:00 AEST, it would be same time like 10PM PST. it seems these trades are sending me a wrong candle.

it does change color, but it failed to retain the momentum. Any advise would be appreciated.


thanks in advance.
Attached Image(s) (click to enlarge)
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  • #32,805
  • Mar 18, 2014 6:19pm Mar 18, 2014 6:19pm
It's kinda boring during NY session. Glad it ended and i'm off to bed. New candle just appeared at 00:00 (dutch gmt+1) and I saw no set ups yet. Will set the alarm at 04:00 (dutch gmt+1) for another look and catching up this thread as usual.

Night,

Wes.
  • #32,806
  • Edited 6:37pm Mar 18, 2014 6:20pm | Edited 6:37pm
Quoting akwunomy
AS33156...Thanks for the link...i appreciate that...and could you tell me how you add it to the MQL4. Thanks in advance


go inside your trading platform
Click on ( file
Click on ( open data folder
double click on (MQL4 folder
Double click on (experts folder
Paste Cave-manager EA ( in experts folder

Close platform
open platform again
click on ( navigator folder ( its a golden folder with a gold star upper left hand side of your platform)
click on ( experts adviser
locate cave manager Ea
grab it and drop it into a chart

Use the cave manager PDF to adjust the setting to your needs.
MAY THE PIPS BE WITH YOU!
  • #32,807
  • Mar 18, 2014 6:21pm Mar 18, 2014 6:21pm
I have been trading for a long time...they only problem is relocating to the USA especially California...Trading is really difficult for me because of the time difference...i have to work up too early to start looking for trades to take... i am successful when trading...but i want to make a transition that can take me away from looking in its entirety from lower timeframe...like 5min.15min....because i just used to switch from lower to higher taking trades...but since i saw this forum...i saw potential at first...and i want to join the ship....On sunday night...i took GBP/JPY trade base on the TDI and get 35 pips but since i want to sleep i just have to close and it just went higher...
  • #32,808
  • Mar 18, 2014 6:21pm Mar 18, 2014 6:21pm
Quoting BallijnForex
It's kinda boring during NY session. Glad it ended and i'm off to bed. New candle just appeared at 00:00 (dutch gmt+1) and I saw no set ups yet. Will set the alarm at 04:00 (dutch gmt+1) for another look and catching up this thread as usual. Night, Wes.
Sleep well Wes -- We will keep the fort down under
  • #32,809
  • Mar 18, 2014 6:29pm Mar 18, 2014 6:29pm
Quoting yosephwk
Hi All, Trying to use TMS on H4 and end up in chaos , please help guide me what have i done wrong in my setup. I did these trades at 16:00 AEST, it would be same time like 10PM PST. it seems these trades are sending me a wrong candle. it does change color, but it failed to retain the momentum. Any advise would be appreciated. thanks in advance. {image} {image} {image}

Do yourself a favor and read as33--- posts from the start and try that --- and hey some losses cannot be avoided
  • #32,810
  • Mar 18, 2014 6:33pm Mar 18, 2014 6:33pm
Quoting yosephwk
Hi All, Trying to use TMS on H4 and end up in chaos , please help guide me what have i done wrong in my setup. I did these trades at 16:00 AEST, it would be same time like 10PM PST. it seems these trades are sending me a wrong candle. it does change color, but it failed to retain the momentum. Any advise would be appreciated. thanks in advance. {image} {image} {image}
Hi Yosephwk,

I took the same AU trade it was just a lost plan and simple. I closed for 6 pips lost when it started working it way up to the 5 smoothed Ma high. Crap Happens!

The other 2 trades were non trades because you had to get in on the 3rd candle which is a no no. Best of luck!
MAY THE PIPS BE WITH YOU!
  • #32,811
  • Mar 18, 2014 6:33pm Mar 18, 2014 6:33pm
The Tokyo session is very quiet.
With God all things are possible.
  • #32,812
  • Mar 18, 2014 6:36pm Mar 18, 2014 6:36pm
Quoting Dehyah
The Tokyo session is very quiet.
News blues & There was tons of action in the NYC session today. No worries we will get them for the pips when they least expect it
MAY THE PIPS BE WITH YOU!
  • #32,813
  • Mar 18, 2014 6:40pm Mar 18, 2014 6:40pm
Quoting akwunomy
I have been trading for a long time...they only problem is relocating to the USA especially California...Trading is really difficult for me because of the time difference...i have to work up too early to start looking for trades to take... i am successful when trading...but i want to make a transition that can take me away from looking in its entirety from lower timeframe...like 5min.15min....because i just used to switch from lower to higher taking trades...but since i saw this forum...i saw potential at first...and i want to join the ship....On...

I am struggling with this as well, I just moved from UTC+6 to PST, and my winning % plummeted, partly due to lack of sleep/insane working hours, and partly due to money management. I have been chasing pips, instead of accepting what I could get. 35 pips is more than you had yesterday, and that is something. I made a HUGE mistake this morning in that GJ madness and killed a big chunk of my account off chasing pips. Like As3 said, Scared money Loses money (I'm commandeering this phrase).

To help myself I am writing down my own trading plan, but honestly, am having difficulty putting it on paper. Anyone care to share theirs? I see a lot of reference to a trading plans, but haven't seen any examples.
War. Is my profession.
  • #32,814
  • Mar 18, 2014 6:50pm Mar 18, 2014 6:50pm
Quoting yosephwk
Hi All, Trying to use TMS on H4 and end up in chaos , please help guide me what have i done wrong in my setup. I did these trades at 16:00 AEST, it would be same time like 10PM PST. it seems these trades are sending me a wrong candle. it does change color, but it failed to retain the momentum. Any advise would be appreciated. thanks in advance. {image} {image} {image}
If you zoom out you will realize why your trades failed, especially AU/NU shorts, NU is getting close to an all time high, and it a massive uptrend, AU is on the brink of the 913 level.

TMS is a great 4hr system/method, however basic understanding of Price action is vital for success, i almost took the AU trade this morning but moved away because of the uptrend.

Stay with tms, go over previous successful winners of other traders and compare them to your chart, also at a glance i didn't see the real open/close price on your candle's which is important.
  • #32,815
  • Edited 7:31pm Mar 18, 2014 7:05pm | Edited 7:31pm
Quoting L0pg
{quote} I am struggling with this as well, I just moved from UTC+6 to PST, and my winning % plummeted, partly due to lack of sleep/insane working hours, and partly due to money management. I have been chasing pips, instead of accepting what I could get. 35 pips is more than you had yesterday, and that is something. I made a HUGE mistake this morning in that GJ madness and killed a big chunk of my account off chasing pips. Like As3 said, Scared money Loses money (I'm commandeering this phrase). To help myself I am writing down my own trading plan,...

Hi L0pg on my GJ chart it gave a very small confirmed cross signal after the 12am 4hr candle finished. You would have got in at the start of the 2nd red candle which was 4am. You then would have seen GJ tank in your favor by over 60 pips in profit before it starting rising up.

Using cave-manager you could have selected the option to move your stop loss to 2 pips in profit once the market goes 30 pips in your favor. Also you could have put your your TS to trail by 40 pips and you would have locked in almost 20 pips profit when it came back and touched your trailing stop TP instead of having a loss.

My major rule for money management is that once a currency I'm trading moves 30 pips in my favor I will NEVER EVER let it go against me for a loss.

Those type of losses when you were up big and let the trade come back to make you lose big can be very demoralizing even more so then entering a trade that instantly goes against you and hits your SL.

Best of luck!
MAY THE PIPS BE WITH YOU!
  • #32,816
  • Edited 7:45pm Mar 18, 2014 7:12pm | Edited 7:45pm
Quoting yosephwk
Hi All, Trying to use TMS on H4 and end up in chaos , please help guide me what have i done wrong in my setup. I did these trades at 16:00 AEST, it would be same time like 10PM PST. it seems these trades are sending me a wrong candle. it does change color, but it failed to retain the momentum. Any advise would be appreciated. thanks in advance. {image} {image} {image}

AU - did you have 5 good setup reasons to short on that first red APB candle? post#32,624

otherwise, i would normally do these checks:

W1 timeframe check? Primary Trend and PAC

D1 timeframe check? Intermediate Trend and PAC

News release check?

4H trend with PAC check?

Technical setup condiions check? reversal or continuation?

Plan A check?

Plan B check?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,817
  • Mar 18, 2014 7:14pm Mar 18, 2014 7:14pm
EURJPY pair is slowly making its way up but it definitely needs to breakout to the upside.
With God all things are possible.
  • #32,818
  • Mar 18, 2014 7:17pm Mar 18, 2014 7:17pm
Quoting Dehyah
EURJPY pair is slowly making its way up.
Looks to me it could turn south. If it does cross up, it could be a weak one-- take care
  • #32,819
  • Mar 18, 2014 7:20pm Mar 18, 2014 7:20pm
It does not matter what your broker server time is. Whether you have a broker with GMT0, GMT+1, GMT+2 or GMT+3.
We all trade the same price.
There is no such thing as a good TDI cross. A TDI crossed can also uncross because of price volatility. A TDI crossing can turn around too.
Trading the markets is about Entries and Exits.
There is a lot more to all these than it is simple.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,820
  • Mar 18, 2014 7:22pm Mar 18, 2014 7:22pm
On days when the three amigos do not ride in the same direction, we should be cautious and pick only those A+++ setups.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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