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

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Trading Made Simple

  • #34,801
  • Apr 5, 2014 12:48am Apr 5, 2014 12:48am
Quoting emmanuel7788
Trading Made Simple (5-Method) vs Synergy Model (EASY method) download EASY pdf clck here or got back to post 18,143

I really appreciate your post.
Have a great weekend everyone!!!
  • #34,802
  • Apr 5, 2014 2:09am Apr 5, 2014 2:09am
Does any one have this indicator in mq4 format

or similar to this

thanks
Attached File(s)
File Type: ex4 Sessions-Asian.ex4   13 KB | 417 downloads
Sad i'm not trying to understand PA
  • #34,803
  • Apr 5, 2014 2:18am Apr 5, 2014 2:18am
Hi emmanuel7788, the chart that you posted has a little small number "2" on it. Is that a visual entry and exit point based on TDI? May I know the name of this indicator and I'll search from this forum (paper clip above).

tq.
  • #34,804
  • Apr 5, 2014 2:19am Apr 5, 2014 2:19am
Quoting Phx62
This weeks trades on EA H1. Mostly London Open trades.{image}
Thanks Sir for fascinating trades as usual, just studying your chart at the moment and noticed that the last trade on Friday short is taken as usual at LO but NFP news was due later hours, so what was the concern regarding this news, I know there was minor drawdown into the trade and PA failed to trader higher than LO 3 and 4 candle high?

And is Tp is set at 4H channel middle line ?
Attached Image (click to enlarge)
Click to Enlarge Name: EA_NFP.jpg Size: 335 KB
I Have Learned to Take Some Losses to Make Profits
  • #34,805
  • Apr 5, 2014 2:24am Apr 5, 2014 2:24am
Quoting emmanuel7788
Ok folks, I just managed to reply all the PMs for this week. Those who asked me about the THV CaveManager trade manager EA, sorry I can't help you because I don't use that to manage my trades. Hope those who uses this EA can help when you post your questions here. In fact, I am cutting down my live trading using MT4 brokers and I trade on other non-MT4 platform from now on.
Hi Emmanuel,
just curious, is the platform change due to changing broker or is there an advantage to an alternative platform?
cheers
  • #34,806
  • Apr 5, 2014 2:24am Apr 5, 2014 2:24am
Some more reliable possibilities for the coming week...

now i can see where is the H4 consolidating.......
Attached Image (click to enlarge)
Click to Enlarge Name: EA_asian.png Size: 67 KB
Sad i'm not trying to understand PA
  • #34,807
  • Apr 5, 2014 2:26am Apr 5, 2014 2:26am
Quoting omonisha
Does any one have this indicator in mq4 format or similar to this thanks {file}
There u go
Attached File(s)
File Type: mq4 Sessions-Asian.mq4   10 KB | 490 downloads
I Have Learned to Take Some Losses to Make Profits
  • #34,808
  • Apr 5, 2014 3:40am Apr 5, 2014 3:40am
Quoting DesiBaba
{quote} Hey emmanuel Is there a pdf or tutorial on the Tok_5H method. And do we only look at the first 5 hours after NY close? I have the Asian session indicator from dean malone and it gives me the Asian session high and low. Would that work for this method?

Hi DesiBaba et ALL,

There is no available pdf or tutorial on this TOK_5H breakout. I have posted many of these trades in the past and the method look easy enough to follow.

However, since you asked, i spend some time today and made a fist draft of the description.

Note: the Tokyo first 5 hours start at GMT0000 to GMT0400 and not NY close.

Attached Image


The attached indicator I modified to show the TOK_5H high -low and the pdf attached below.

Please let me know if there are any questions and how I can improve the pdf description.

Kind regards,

EMMANUEL
Attached File(s)
File Type: ex4 Session-TOK_5H.ex4   13 KB | 1,131 downloads
File Type: pdf TOK_5H Breakout description (1st draft).pdf   136 KB | 2,155 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,809
  • Apr 5, 2014 3:48am Apr 5, 2014 3:48am
Quoting OuterWest
{quote} Hi Emmanuel, just curious, is the platform change due to changing broker or is there an advantage to an alternative platform? cheers

Hi OuteWest,

No I still use the same MT4 brokers for intraday trading with smaller account.
I have two other brokers who do not offer MT4 but only their proprietary platform. A few reasons, for examples lower and fix spread, agrregating of multiple orders which MT4 cannot do, easier transfer of funds between my accounts for CFD and forex trading, etc.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,810
  • Apr 5, 2014 3:58am Apr 5, 2014 3:58am
Quoting mkfx
{quote} Hi Emmanuel, Is there any indicator for Price action channel or we have to use moving average indicator two times. Thanks

Hi mkfx,

You can use the standard moving average provided in any platform.
Just create two moving average using 5-period,
MA Method= Smoothed,
Apply to Price set to High and the other set to Low.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,811
  • Apr 5, 2014 4:46am Apr 5, 2014 4:46am
Quoting emmanuel7788
{quote} Hi DesiBaba et ALL, There is no available pdf or tutorial on this TOK_5H breakout. I have posted many of these trades in the past and the method look easy enough to follow. However, since you asked, i spend some time today and made a fist draft of the description. Note: the Tokyo first 5 hours start at GMT0000 to GMT0400 and not NY close. {image} The attached indicator I modified to show the TOK_5H high -low and the pdf attached below. Please let me know if there are any questions and how I can improve the pdf description. Kind regards,...

Thanks for the detailed reply!

The pdf makes lots of sense. I think its easy for me to understand because I watched dean malones asian session breakout videos. Because of those videos I was able to understand how you selected your tp and sl. Maybe in the pdf you should mention that people should watch those vids to get the basic concept.

Thanks for the indicator too!
Lets Make Some Money
  • #34,812
  • Apr 5, 2014 5:36am Apr 5, 2014 5:36am
Quoting emmanuel7788
{quote} Hi DesiBaba et ALL, There is no available pdf or tutorial on this TOK_5H breakout...
emmanuel,

thanks for your feedback on my trades.

Very nice and informative summary on TOK_5H! Thank you for your effort.
Mini-feedback: Perhaps you can mention explicitly in the text what the initial SL is (R). Looking at the charts show that the SL is at the opposite side of the channel, like in other breakout strategies.
Deviating from that i.e. Dean M.'s strategy takes the middle of the channel as SL - so his approach based on a smaller R, +1R, +2R,....

fxfox
fxFox (all times in my charts are GMT+1)
  • #34,813
  • Apr 5, 2014 6:05am Apr 5, 2014 6:05am
Quoting Phx62
This weeks trades on EA H1. Mostly London Open trades.{image}
Thanks Phx62 for your support with your new trades.

I was concentrating this week on EURJPY, followed the EURAUD only on the side.

Analyzing your chart as usual I have a question again. Please excuse me for assembling your chart a little for my question - to get a better view on situation - my question goes on.

Comparing the two situations on 3/31 and 4/1 NY session. These two look similar with small deviations, regarding the 2-3 blue APBs before the red and a little smaller slope on TDI PL to the downside.
You took the first (profitable) trade, but not the second. => Simple question - why not? (I think I had taken this when price went 1,5 pips below the prev. red candle)

fxfox
Attached Image (click to enlarge)
Click to Enlarge Name: phx62 comment.png Size: 31 KB
fxFox (all times in my charts are GMT+1)
  • #34,814
  • Apr 5, 2014 6:32am Apr 5, 2014 6:32am
@Fox. Very interesting observation! The second one being near the end of NY session would be my guess.
Everything you can imagine, is real - Pablo Picasso
  • #34,815
  • Apr 5, 2014 6:50am Apr 5, 2014 6:50am
Quoting lastingwell
{quote}Thanks Bizzle Unfortunately we've been told Dad won't get any better and in fact doesn't have very long left so things will get worse, trading is at least taking my mind off it for a little while in a day.

Lastingwell,

Having just lost my dad, my mother in law and one other family member I can understand how you are feeling and what you are going through.
Its not a good time at all.
Just hold onto the faith.
My thoughts are with you and your family.

Regards
Mark up.
Make sure that the light at the end of the tunnel is not an on coming train
  • #34,816
  • Apr 5, 2014 7:32am Apr 5, 2014 7:32am
Quoting Phx62
This weeks trades on EA H1. Mostly London Open trades.{image}
Just amazing what you do with one pair. Thanks for taking the time to show.
  • #34,817
  • Apr 5, 2014 7:47am Apr 5, 2014 7:47am
Quoting fxFox.mb
{quote} Thanks Phx62 for your support with your new trades. I was concentrating this week on EURJPY, followed the EURAUD only on the side. Analyzing your chart as usual I have a question again. Please excuse me for assembling your chart a little for my question - to get a better view on situation - my question goes on. Comparing the two situations on 3/31 and 4/1 NY session. These two look similar with small deviations, regarding the 2-3 blue APBs before the red and a little smaller slope on TDI PL to the downside. You took the first (profitable)...
Looked on my chart and second candles look like consilidation candles to me. Also 100 EMA was acting as support. (On first trade PA had broken below 100 SMA).
Attached Image (click to enlarge)
Click to Enlarge Name: euraudh1.png Size: 36 KB
  • #34,818
  • Apr 5, 2014 8:56am Apr 5, 2014 8:56am
Quoting TheScorpS
{quote} There u go {file}
Excelent...Thanks a lot..
Sad i'm not trying to understand PA
  • #34,819
  • Apr 5, 2014 10:07am Apr 5, 2014 10:07am
Quoting hostwey
{quote} Looked on my chart and second candles look like consilidation candles to me. Also 100 EMA was acting as support. (On first trade PA had broken below 100 SMA). {image}
Hi hostwey,

if you enter (as I would do it) on the begin of the 2nd candle or when price breaks below the 1st red candle low you cannot know whats going on later in this hour. Look at the PA on the blue candles before. Both days PA loose momentum at the same price level for 3 candles and price formed a 2 days double top.
And I think he doesn't use 100SMAs in his approach.

Maybe what I can figure out is that he was waiting for a break below the previous candle, but the low of #2 was only 1.5 pips (at my broker) lower than #1.
I.e. I usually set an entry order 2 pips lower. This would not had been triggered.

Let's see what he thought about it.
fxFox (all times in my charts are GMT+1)
  • #34,820
  • Apr 5, 2014 12:04pm Apr 5, 2014 12:04pm
Quoting lastingwell
{quote} Thank you Bizzle, I very much appreciate it.
Very soory about your Dad,keep heads up,everythin will come to place..
stay well....
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