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Trading Made Simple

  • #35,581
  • Apr 11, 2014 6:52am Apr 11, 2014 6:52am
Quoting emmanuel7788
Here is another H4 trade example: EURGBP A Double Inside Bar consolidation and created a TDI bounce trade. This is trend CONTINUATION trade. Post #261 says: ''...... look for consolidation..." {image} {image}

EURGBP H1 trade update:
Trade move to BE+6pips.
Now set TP and let that get stopped out.
Now can stop the EA and log-off VPS.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP H4 DIB trade update.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,582
  • Apr 11, 2014 7:01am Apr 11, 2014 7:01am
Quoting Joy-77
{quote} You can name the parameters of the yellow MA
5 EMA Shift 2, Apply to Typical Price (HLC/3).
POSSIBILITIES ARE INFINITE, YOU CAN ACCOMPLISH ANYTHING!
  • #35,583
  • Apr 11, 2014 7:03am Apr 11, 2014 7:03am
  •  Hcp
  • | Joined Feb 2008 | Status: Everything Has the Meaning You Give | 74 Posts
hi all, try this on GU entry H1, considered historical ressistance. thank you EMManuel and Zoopots for sharing your experience.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdmh1.png Size: 28 KB
Click to Enlarge Name: gbpusdmmonthly.png Size: 27 KB
  • #35,584
  • Apr 11, 2014 7:22am Apr 11, 2014 7:22am
Quoting Helanka
{quote} Dear Gilr, pls advise me why are you exit EJ trade with +23 pip.Without wait till candle closed.Because I had to exit that trade as a BE trade.Did you manualy closed it or your EA did that.Also advise me which pairs do you usualy trade.Thanks Helanka
Hi

I gave the reason here

http://www.forexfactory.com/showthre...10#post7398910

I track every pair with a spread around 5 or less. So at the moment some 23 pairs. Excel markets has very low spreads
  • #35,585
  • Apr 11, 2014 7:28am Apr 11, 2014 7:28am
Quoting hugecat
{quote} Impressive. How long have you been testing it? When you gonna give it a go in Live?
I used MPTM for 3+ years and this EA is based on MPTM trade manager. I tested the previous earlier versions but did not like them until V16.
I started to use V19 last month for certain alerts only but I excute my trades on another non-MT4 platform.

What is important is that TMS traders must know their type of trade setups they want to trade with and setup these parameters in the EA parameters.
You still need to do your Big Picture Planning to know where potential support and resistance are and then you can decide when to initiate the EA to take the trade setups and also know when to turn on and off the EA and manage some trades manually.
Human discretion cannot be programmed into any EA so we need manual overide often as we see market conditions changing.

What I learn from this EA is that it actually teaches traders how to trade with TMS setups.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,586
  • Apr 11, 2014 7:31am Apr 11, 2014 7:31am
EURGBP D chart looks like a trade setup but it is Friday and NY will close for the weekend.

Monday is a better time to be buyers.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,587
  • Apr 11, 2014 7:31am Apr 11, 2014 7:31am
took this trade at 2pm yesterday. Took some off
Attached Image (click to enlarge)
Click to Enlarge Name: pic47.png Size: 54 KB
the cautious seldom err....C
  • #35,588
  • Apr 11, 2014 7:35am Apr 11, 2014 7:35am
2 trades today EURJPY and EURAUD H1 and
unfortunately I missed one wonderful chance because of a business call - sh....

EUAUD
Very nice short this morning - trendline from 3/12/2014 gave resistance and we had a double top in the asian session.

EURJPY
Long on FO candle breakout this morning. Was a little surprised because of the quick move in the first minutes, but was stopped in. I thought it would be later after LO to get an entry.
I closed it below the high of yesterday, because very often the FO candle pulls back and than you can look how the pips drop down and close later on B/E. I thought to reenter if the high would be taken out on LO candle - but this was not the case.

And look at this wonderful short on EURJPY on the 11:00 am candle - unfortunately I missed that.

But beside that - it was a wonderful week. All traders have a nice weekend.

fxfox - see you next week
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-04-11 13.05 EURJPY EURAUD H1 - profit.png Size: 170 KB
Click to Enlarge Name: 2014-04-11 14.25 EURJPY EURAUD H1 - missed chance.png Size: 160 KB
fxFox (all times in my charts are GMT+1)
  • #35,589
  • Apr 11, 2014 7:37am Apr 11, 2014 7:37am
Quoting emmanuel7788
{quote} I used MPTM for 3+ years and this EA is based on MPTM trade manager. I tested the previous earlier versions but did not like it until V16. I started to use V19 last month for certain alerts only but I excuet my trades on another non-MT4 platform. What is important is that TMS traders must know their type of trade setups they want to trade with and setup these parameters in the EA parameters. You still need to do your Big Pictur Planning to know where potential support and resistance are and then you can decide when to initiate the EA to...
True. I wouldn't trust any EA to execute my trades. CaveManager seems good in the way that it controls profits and looses. I'm still having hard time to trust it though, since it did move SL to BE on 1 pair after 25 Pips and it didn't do it on another. Also I don't get it how the Capital Protection works - My trade was up 30 pips and went down to 10 pips and EA didn't react to close it.
Those who know don't talk. Those who talk don't know.
  • #35,590
  • Apr 11, 2014 7:41am Apr 11, 2014 7:41am
EURUSD H1 TMS_v19 sell trade (demo) executed by the EA.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 TMS_V19 sell executed.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,591
  • Apr 11, 2014 7:46am Apr 11, 2014 7:46am
Quoting fxFox.mb
{quote} geomoon, I search for PCRFs defined by phx62 - consisting of three candles, where the third one changes APB color and is supported by a TDI cross. But for me PCRF's are a little tricky, particularly depending on where they occur. I sometimes have problems that a PCRF establishes as a fake and doesn't lead into a longer move. Look at my first EURJPY trade yesterday - I tried to get in on a better price, after the right blue candle of the PCRF allready went 23 pips up. phx62 sometimes enters immediately on the third candle which exceeds the...
Exactly , the location of where the PRCF has happened is what is really important , also I noticed that the H/L of previous day,week,month are also the same sensitive location where I would like to see how the price will react and it would have more clear PRCF.Good luck mate, I really like your trading style and I'm following your trades.Thanks
  • #35,592
  • Apr 11, 2014 7:59am Apr 11, 2014 7:59am
Quoting hugecat
Two trades from midnight on D charts. EG +4. UCad -7. UChf is still running for 4 days +121. {image} {image}

Do you find the supply and demand zones help hugecat? I think supply and demand combined with TMS can be very powerful. Can be slightly counter intuitive though as many traders will for example be thinking of going short when demand zone is forming and going long when supply is forming! But can wait for TMS and PA signals to do their thing.
  • #35,593
  • Apr 11, 2014 8:13am Apr 11, 2014 8:13am
Quoting hostwey
{quote} Do you find the supply and demand zones help hugecat? I think supply and demand combined with TMS can be very powerful. Can be slightly counter intuitive though as many traders will for example be thinking of going short when demand zone is forming and going long when supply is forming! But can wait for TMS and PA signals to do their thing.
Hostwey,
Sup Dem are more like S&R levels for me. High probability trades happen when I sell or buy from them. Also I miss out on lots of pips when don't trade into levels. But I think it's better to trade A+++ trades.
Those who know don't talk. Those who talk don't know.
  • #35,594
  • Apr 11, 2014 8:24am Apr 11, 2014 8:24am
The first trade was taken when the doji formed. Made a mistake by anticipating the next candle will be red after this doji. Second trade taken according to rules
Attached Image (click to enlarge)
Click to Enlarge Name: pic48.png Size: 63 KB
the cautious seldom err....C
  • #35,595
  • Apr 11, 2014 9:14am Apr 11, 2014 9:14am
My EUR/AUD H1 trades for this week......
Attached Image (click to enlarge)
Click to Enlarge Name: 2014.4.11ea h1 week.png Size: 100 KB
  • #35,596
  • Apr 11, 2014 9:38am Apr 11, 2014 9:38am
Quoting Phx62
My EUR/AUD H1 trades for this week......{image}
Thanks Phx62. Nice trades as usual.I was struggling with EJ for the last couple of days since it was range and I was looking forward to your charts to see how did you handle it but you traded EA.
I was wondering do you have any specific strategy to pick a pair to trade or how you see a pair trending or in range?
Thanks
Mike
Failure, is a wonderful teacher!
  • #35,597
  • Apr 11, 2014 9:39am Apr 11, 2014 9:39am
Quoting Phx62
My EUR/AUD H1 trades for this week......{image}
That's a a piece of ART.....
  • #35,598
  • Apr 11, 2014 9:44am Apr 11, 2014 9:44am
Hi All,

I hope everyone has been making a killing. I took a few days off to enjoy the beach and nightlife with a lady friend so haven't really been around.
MAY THE PIPS BE WITH YOU!
  • #35,599
  • Apr 11, 2014 9:53am Apr 11, 2014 9:53am
Quoting Phx62
My EUR/AUD H1 trades for this week......{image}
Many thanks for showing ur trades
I Have Learned to Take Some Losses to Make Profits
  • #35,600
  • Apr 11, 2014 10:13am Apr 11, 2014 10:13am
Quoting geomoon
{quote} That's a a piece of ART.....
I second that!
Everything you can imagine, is real - Pablo Picasso
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