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Trading Made Simple

  • #33,521
  • Mar 23, 2014 1:00pm Mar 23, 2014 1:00pm
Quoting GilR
{quote} Great comments/questions on your chart. When I look at Big E's first couple of pages it seems to me he understood that "the market gives what it wants and not what we wish". In fact and I may be wrong his system was more "4hr scalping" if you understand what I am saying where stops were only emergency and TP whatever the market gave. I cannot imagine he would allow a +20, 30 or 50 go back to BE because one insisted on 1R or 2R or even I shall 100 pips or nothing etc. Maybe those who knew the master better could comment on his mindset...
Hi GilR;you hit right on the nail,your remarks on ""4hr scalping"" it is all about Big E.,"""yes,let run if u can,but grab all u can"""
happy week 13
  • #33,522
  • Mar 23, 2014 1:06pm Mar 23, 2014 1:06pm
Quoting Direwolf
{quote} I think EA has a chance to bounce at the current level. It's sitting on S/R I marked blue. The blue level isn't as powerful as the red tho. EA levels from daily TF {image}

Why you say Blue isn't powerful as Red? I know blue is short term support and Red is long term support. Any other reasons?
  • #33,523
  • Mar 23, 2014 4:47pm Mar 23, 2014 4:47pm
Quoting ababias
{quote} Why you say Blue isn't powerful as Red? I know blue is short term support and Red is long term support. Any other reasons?
I like that the TDI is at the 32 lvl. on H4 (seems to reverse when it hits 32) could be a bit of sideways trading for the next few days will definitely watch this one close.
  • #33,524
  • Mar 23, 2014 5:05pm Mar 23, 2014 5:05pm
It's official! The GA trade from last week has giving over 200 pips profit and is still going! We maybe looking at a 300 pip move maybe even more!
MAY THE PIPS BE WITH YOU!
  • #33,525
  • Mar 23, 2014 5:15pm Mar 23, 2014 5:15pm
Hi people,

last week I did a total of 21 trades using tms on 4h charts. It ended my week breakeven, and looking back at the trades i noticed that there were a couple that had not to be traded haha! I did my deep backtest analysis on them and took the learning issues of them.

With that, i'm so happy the weekend is over and the new week begins! This week I hope to get the cavemanager working. I also look forward for another lovely week here at FF.

Good trades and pips to everyone!

Let get this week started!
Regards, Wes
  • #33,526
  • Mar 23, 2014 5:27pm Mar 23, 2014 5:27pm
Quoting as33156
It's official! The GA trade from last week has giving over 200 pips profit and is still going! We maybe looking at a 300 pip move maybe even more!

GBPAUD week 13:

I have similar longer term view. Sell the rally.

Attached Image (click to enlarge)
Click to Enlarge Name: GA week 13 potential reversal HnS.png Size: 53 KB


Remember, .... its Plan, Build, Run....let it run.

Good Trading to all TMS folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,527
  • Mar 23, 2014 5:39pm Mar 23, 2014 5:39pm
Quoting ababias
E/A H4. Any comment and suggestions? I am looking to enter long when green cross red. Also seen price will go down even though TDI below 32. How to check this situation? {image}

NY open price gap down.... perhaps there someone big who wants to buy at lower price.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,528
  • Edited 6:08pm Mar 23, 2014 5:40pm | Edited 6:08pm
Quoting BallijnForex
Hi people, last week I did a total of 21 trades using tms on 4h charts. It ended my week breakeven, and looking back at the trades i noticed that there were a couple that had not to be traded haha! I did my deep backtest analysis on them and took the learning issues of them. With that, i'm so happy the weekend is over and the new week begins! This week I hope to get the cavemanager working. I also look forward for another lovely week here at FF. Good trades and pips to everyone! Let get this week started! Regards, Wes
Hi Wes,


21 trades on 4hrs and just breakeven? That doesn't seem right. Maybe you are taking to many trades.

I had only 10 trades last week 2 of which were loses for -6 pips & -24 pips respectively. Care to share your trades?
MAY THE PIPS BE WITH YOU!
  • #33,529
  • Mar 23, 2014 6:14pm Mar 23, 2014 6:14pm
Quoting SledHead
{quote} Excellent read Emmanuel, I plan to use this strategy. What indicator do we use for the "Average Weekly Range?" Thank you.

Average Weekly Range:
We don't need any complex customs indicator. just use the platform ATR indicator and get some rough figures.

see pic below:

Attached Image (click to enlarge)
Click to Enlarge Name: weekly range ATR.png Size: 54 KB

52 weeks in one year.

when you want to know the Average Daily Range, just switch the chart timeframe to D and you will see the 100-days average.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,530
  • Mar 23, 2014 6:23pm Mar 23, 2014 6:23pm
Quoting as33156
{quote} Hi Wes, 21 trades on 4hrs and just breakeven? That doesn't seem right. Maybe you are taking to many trades. I had only 10 trades last week 2 of which were loses for -6 pips & -24 pips respectively. Care to share your trades?
Hi as3,

that was the same thing I was thinking about. Clearly to many trades!
Its no problem to share my trades, i can put them in a pdf if you like?
Please let me know, i will be able to do this when i get home in about 13 hours. 13:00 dutch time +1 gmt.

Thank for the answer, looking forward to learn a bunce!!

Gr, Wes.
  • #33,531
  • Mar 23, 2014 6:29pm Mar 23, 2014 6:29pm
Quoting emmanuel7788
{quote} Average Weekly Range: We don't need any complex customs indcator. just use the platform ATR indcator and get some rough figures. see pic below: {image} 52 weeks in one year. when you want to know the Average Daily Range, just switch the chart timeframe to D and you will see the 100-days average.

I like this approach. Sometimes we rely to much on things that we don't know how to repair ourselves and this can hurt. By learning how to manually come up with/search for information we need we really gain respect for our craft and a better understanding of ourselves and the market.

I remember a long time ago going to a party full of intellectuals and they heard that I was very successful with trading. They wanted to know all about the market an in so much detail that I was lost for words. You see I had become a success because of my indicators sort of like a chimp who learned how to pull all the right levers to get the bananas (Money) but didn't actually know what those levers did to get him the bananas. When it came to explaining my profession and my passion for what I was doing I was lacking in education. This led some to believe that I was either being coy and an asshole or just faking it. I left the party rather embarrassed and decided to go about educating myself on the market so my words mirrored my actions.

We must never stop learning or improving upon ourselves.
MAY THE PIPS BE WITH YOU!
  • #33,532
  • Mar 23, 2014 6:31pm Mar 23, 2014 6:31pm
Quoting BallijnForex
{quote} Hi as3, that was the same thing I was thinking about. Clearly to many trades! Its no problem to share my trades, i can put them in a pdf if you like? Please let me know, i will be able to do this when i get home in about 13 hours. 13:00 dutch time +1 gmt. Thank for the answer, looking forward to learn a bunce!! Gr, Wes.
Sure you can put it in PDF for me. Like give me the charts, pairs, entries, exits, and dates so I can look at them in my platform when I have the time. Thanks!
MAY THE PIPS BE WITH YOU!
  • #33,533
  • Mar 23, 2014 6:41pm Mar 23, 2014 6:41pm
Enjoy a very good piece of music while we study and wait for the next H4 candle.
It is Maurice Ravel great composition Bolero.
Trading requires talent and a certain set of skills. With lots of practice, you can put all the skills into good use. Once you reach the level where you are well cordinated and in harmony, you keep repeating the same over and over again. ... to near perfection.
Everyone is born with talent. Many of you have yet to discover your hidden talents. Stay positive and be optimistic in life.

Listen to Bolero, that's what I mean.

Inserted Video


Enjoy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,534
  • Mar 23, 2014 6:59pm Mar 23, 2014 6:59pm
Quoting emmanuel7788
{quote} Average Weekly Range: We don't need any complex customs indicator. just use the platform ATR indicator and get some rough figures. see pic below: {image} 52 weeks in one year. when you want to know the Average Daily Range, just switch the chart timeframe to D and you will see the 100-days average.
Thank you Emmanuel,
looks like a Head & Shoulder setting up on the chart in your pic.

AS33156, good story. TMS thread is like drinking from a fire hose! I love knowing how things work, kind of a :nerd: if you know what I mean.
  • #33,535
  • Mar 23, 2014 7:10pm Mar 23, 2014 7:10pm
First entry for week CJ
  • #33,536
  • Mar 23, 2014 7:13pm Mar 23, 2014 7:13pm
Quoting GilR
First entry for week CJ
CADJPY or CHFJPY?
  • #33,537
  • Mar 23, 2014 7:18pm Mar 23, 2014 7:18pm
Quoting OuterWest
{quote} CADJPY or CHFJPY?
CADJPY

Maybe a tad early but looks like a good downward channel
  • #33,538
  • Mar 23, 2014 7:18pm Mar 23, 2014 7:18pm
Hi all, I'm new here and hope to learn this and contribute soon.

Is my charts set up ok...waiting for the 4 and 8hr (london open) to see if E/A reverses.

http://charts.mql5.com/4/242/euraud-...ital-group.png

But GA looks to go down from the head and shoulders or will it rally up first. Will check its 4/8hr bars too

http://charts.mql5.com/4/242/gbpaud-...ital-group.png

Am in GMT here so goodnight for now
  • #33,539
  • Mar 23, 2014 7:23pm Mar 23, 2014 7:23pm
Quoting GilR
{quote} CADJPY
buy or sell

I was buy from friday but not sure now...looks flat to me at the moment?

Sorry am new

http://charts.mql5.com/4/242/cadjpy-...ital-group.png
  • #33,540
  • Mar 23, 2014 7:23pm Mar 23, 2014 7:23pm
Quoting ababias
{quote} Why you say Blue isn't powerful as Red? I know blue is short term support and Red is long term support. Any other reasons?
Blue only act as support recently while red is both a big round number 1.5000 and a proven resistance turned support.
Everything you can imagine, is real - Pablo Picasso
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