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Trading Made Simple

  • #35,621
  • Apr 11, 2014 6:22pm Apr 11, 2014 6:22pm
Hey guys,


Iv noticed that many people here look at ADR.

Is looking at this important?
I take trades on the daily timeframe and never used it.

Do I need it for Big E 4h method?

is it built into mt4 or do i need to download it?
Lets Make Some Money
  • #35,622
  • Apr 11, 2014 7:38pm Apr 11, 2014 7:38pm
Quoting Phx62
{quote} I look at the ADR to determine which pair I am going to focus on. The ADR for the EA pair has been among the top performers for several months so I focus on that pair right now. When trading one pair you learn the nuances of that pair after some time. It helps to understand how price might react in certain circumstances. I also look for pairs that don't have a lot of candles with long wicks at one or both ends. I look for pairs that move steadily up or down. Success to you......
Thanks Phx62,

Absolutely makes sence. Do you use any website to give you these statistic? I mean when you say " EA pair has been among the top performers for several months" you watch it yourself or you get it from a website

Have a good weekend
Mike
Failure, is a wonderful teacher!
  • #35,623
  • Apr 11, 2014 8:48pm Apr 11, 2014 8:48pm
Quoting Bizzzle
Trading the 4 hour as seen on page one, opening my trades at 6am and 10am uk time and closing all trades at 2pm
Simple brilliant!
Everything you can imagine, is real - Pablo Picasso
  • #35,624
  • Apr 11, 2014 8:52pm Apr 11, 2014 8:52pm
Quoting DesiBaba
Hey guys, Iv noticed that many people here look at ADR. Is looking at this important? I take trades on the daily timeframe and never used it. Do I need it for Big E 4h method? is it built into mt4 or do i need to download it?
My observation is that it lets us set realistic TP when trading H1-H4. And can also give us a heads up if the pair is done moving for the day.
Everything you can imagine, is real - Pablo Picasso
  • #35,625
  • Apr 11, 2014 8:53pm Apr 11, 2014 8:53pm
Quoting Phx62
My EUR/AUD H1 trades for this week......{image}

Another week of H1 trades made simple.
More pip$$$$$ to your retirement account. I LIKE.

Thank you Sir!
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,626
  • Apr 11, 2014 9:03pm Apr 11, 2014 9:03pm
Quoting emmanuel7788
{quote} Another week of H1 trades made simple. More pip$$$$$ to your retirement account. I LIKE. Thank you Sir! {image}

Phx is just too good
Lets Make Some Money
  • #35,627
  • Apr 11, 2014 9:05pm Apr 11, 2014 9:05pm
Quoting Direwolf
{quote} My observation is that it lets us set realistic TP when trading H1-H4. And can also give us a heads up if the pair is done moving for the day.

so how does it work?


ADR gives us the range. Then after ny close the opening price we can consider being the start of the range and lets say the range is 50 pips and price opened on usd/jpy at 95.5 so if we get a buy entry we can 'assume' price will go up 'max' to 100 (50 pips up) or it will go down to 95 (50 pips down from opening price)

do i got the basics of it down ?

I know it won't give perfect prediction but just curious

thanks direwolf!
Lets Make Some Money
  • #35,628
  • Apr 11, 2014 9:09pm Apr 11, 2014 9:09pm
Here is another simple way to learn hpow to trade with TMS 5-Method.

First, download that TMS_V19 MTF pdf manual. Link is here [click]

Study the explanations in that manual which explains the TDI and Candles setups. There are 3 basic Candles setups explained in that manual. The TDI conditions are very clearly explained too. Learn them. For the time being, by-pass the other stuff written on ADX, CCI, TMA, etc. Just learn the TDI and Candles setups first.

You do not have to trade using that TMS_V19 MTF EA but you can use that EA to generate ALerts and send you emails. This should work for some people who do not have time to monitor your charts for 4H trades. Once you get an Alert, you have 4 hours to make a trade decision after you have done your weekely top down analysis and trade plan that should make trading be easier.

The ALerts function works great after you have decided on what the chart TDI and candle condition ALerts you want the EA to send you email ALerts.

You can also use that EA as your trade manager. It is based on MPTM by Steve Hopwood.

Also another nice feature of this EA is that it can make screenshots automatically and you can use them to add comments and saved them as your trading journal whcih I do.

All the nice features are the great work of FF member name 'sellers9'. Be grateful to him, just send him a PM to thank him first. Gratitude is an important thing in daily life and also to be successful traders. Make your personal Gratitude List, add 5 gratitudes (no matter how small, trivial, ... they can be) to the List on daily basis. You will be amaze by what that can do to your life when your list gets longer and longer.

Have a Good Weekend.


EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,629
  • Apr 11, 2014 9:21pm Apr 11, 2014 9:21pm
Quoting DesiBaba
{quote} Phx is just too good
more than good, I think he is near perfect.

His H1 trade execution is flawless, that shows a lot of experience and knowledge, commitment to trade, highly disciplined person and also show the character of the man.
I am happy to learn that he is growing his retirement account. I am pleased to be following along that same track like him.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,630
  • Edited 9:38pm Apr 11, 2014 9:26pm | Edited 9:38pm
Quoting Phx62
My EUR/AUD H1 trades for this week......{image}
Thank you always Sir for your quality charts. Regarding 2014.04.10 04:00 trade, was this a pending order? (Perhaps expecting a channel bounce?) It was a news candle and it moved very fast even on 5M. I am a bit curious how you caught this...

Thank you.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #35,631
  • Apr 11, 2014 9:56pm Apr 11, 2014 9:56pm
Quoting emmanuel7788
{quote} Another week of H1 trades made simple. More pip$$$$$ to your retirement account. I LIKE. Thank you Sir! {image}
Hi Emanuel, Can you share some idea abour Support and Resistant ? historic SR or any thing else ? when we near a SR lever what shoud we do ? close possion or wait pull back? If there is a pull back how can we know it reversal or just pull back and then price will follow original trend ? Thanks
  • #35,632
  • Apr 11, 2014 10:15pm Apr 11, 2014 10:15pm
Quoting longbk
{quote} Hi Emanuel, Can you share some idea abour Support and Resistant ? historic SR or any thing else ? when we near a SR lever what shoud we do ? close possion or wait pull back? If there is a pull back how can we know it reversal or just pull back and then price will follow original trend ? Thanks
Many things you can do really, it boils down to your own trading plan and personality.

At the very least you should protect your capitol. This could be moving SL to BE, or to previous S/R, or trail the bar according to your plan.

You can also choose to close your position for full profit, or take partial profit and leave the rest on the table to catch a runner if price breaks S/R.

You can also choose not to take any actions at all of course. Not recommended but there you go.
Everything you can imagine, is real - Pablo Picasso
  • #35,633
  • Apr 11, 2014 10:16pm Apr 11, 2014 10:16pm
Quoting emmanuel7788
{quote} more than good, I think he is near perfect. His H1 trade execution is flawless, that shows a lot of experience and knowledge, commitment to trade, highly disciplined person and also show the character of the man. I am happy to learn that he is growing his retirement account. I am pleased to be following along that same track like him.

Looking at his trades makes me just want to sit and look at that chart to figure out what he does

If I can earn some of those pips…………..
Lets Make Some Money
  • #35,634
  • Apr 11, 2014 10:20pm Apr 11, 2014 10:20pm
Quoting longbk
{quote} Hi Emanuel, Can you share some idea abour Support and Resistant ? historic SR or any thing else ? when we near a SR lever what shoud we do ? close possion or wait pull back? If there is a pull back how can we know it reversal or just pull back and then price will follow original trend ? Thanks

Hi longbk and Everyone who wants to know but did not ask here:

Please, first go to babypips.com Elemntary Grade and study the topic on Support and Resistance.

http://www.babypips.com/school/eleme...istance-levels

When you have completed that, then please tell me.

Then I will explain again how I do my Big Picture Planning, my way in doing top down analysis using Monthly and Weekly charts timeframes.

Once Big Picture Planning is done and is updated regularly, then we can proceed on to doing our weekly trade plan for 4H swing trading.

Do you all agree with this suggestion?

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,635
  • Apr 11, 2014 10:22pm Apr 11, 2014 10:22pm
Quoting emmanuel7788
{quote} Hi longbk and Everyone who wants to know but did not ask here: Please, first go to babypips.com Elemntary Grade and study the topic on Support and Resistance. http://www.babypips.com/school/eleme...istance-levels When you have completed that, then please tell me. Then I will explain again how I do my Big Picture Planning, my way in doing top down analysis using Monthly and Weekly charts timeframes. Once Big Picture Planning is done and is updated regularly, then we can proceed on to doing our weekly trade plan...

yes

Can't wait to learn!

Should help for my daily timeframe trades also
Lets Make Some Money
  • #35,636
  • Apr 11, 2014 11:27pm Apr 11, 2014 11:27pm
Quoting Bizzzle
Trading the 4 hour as seen on page one, opening my trades at 6am and 10am uk time and closing all trades at 2pm! Week 1: 8 trades 7 wins 1 break-even Total= +155 pips Week 2: 16 trades 11 wins 2 break-evens 3 losses Total= +243 pips Week 3 19 trades 14 wins 1 break-even 4 loses Total= +106 pips Week 4 10 trades 4 wins 1 break-even 5 loses total= -10 pips Total for the month= 494 pips profit checking my computer 3 times a day!! Wins: 36 Break-even: 5 Loses: 12 I must say its been an eye opener for me and I just have to thank Big E for all the hard...
Hi Bizzzle,

Great trades. We are very happy that we can make money by following this simple system.

Is it possible for you to upload log of all these trades so we can learn by seeing on chart and analyse how much high low range during that period to determine some stop loss or best optimized target profit.

If they are from real account, please remove lot size and $ profit /loss to keep privacy. We want to compare our understanding of this system with your entries.

Regards
  • #35,637
  • Apr 11, 2014 11:29pm Apr 11, 2014 11:29pm
Bizzle, I would like to learn from you.
  • #35,638
  • Apr 12, 2014 12:16am Apr 12, 2014 12:16am
Quoting omonisha
{quote} Place the .set file in to your preset folder... [ MQL4/Preset]....then restart mt4 load the .set from EA propertise when trading
Thanks Omonisha,

Have done all except not sure where to load the .set file in EA properties - what tab is that under?

Also, I see that in the EA properties that it calls for the SDX-TzPivots indi, so I hope i have done the right thing by installing that as well?

Thanks again,

Gavin
  • #35,639
  • Apr 12, 2014 12:19am Apr 12, 2014 12:19am
Quoting emmanuel7788
{quote} Hi longbk and Everyone who wants to know but did not ask here: Please, first go to babypips.com Elemntary Grade and study the topic on Support and Resistance. http://www.babypips.com/school/eleme...istance-levels When you have completed that, then please tell me. Then I will explain again how I do my Big Picture Planning, my way in doing top down analysis using Monthly and Weekly charts timeframes. Once Big Picture Planning is done and is updated regularly, then we can proceed on to doing our weekly trade plan...
Great! Thanks Emmanuel - will do so to make sure we are on the same page with this...
  • #35,640
  • Apr 12, 2014 12:29am Apr 12, 2014 12:29am
Quoting Phx62
{quote} I'm think I did answer you but here goes again. I do not use the breakout box for entries or exits. My only purpose of having those boxes on the charts is to show me at a glance what the high or low of the session is and the total movement of the pair during each session.....no looking at dates and time.....the boxes show what I need at a glance. Have a good day.....
Hello Phx62,

I must say I admire the way you trade - very inspiring! I want to ask if you use an indi for the breakout boxes on your charts, or do you 'draw' them in manually?

Regards,

Gavin
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