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Trading Made Simple

  • #40,461
  • Aug 20, 2014 6:44am Aug 20, 2014 6:44am
Quoting reeeen4
Just want to say this is an awesome trading method, I've been using it for about 3 days now and I've already made 108pips over a few trades! Can't wait to improve my technique!
Well done
  • #40,462
  • Aug 20, 2014 6:44am Aug 20, 2014 6:44am
Quoting TheScorpS
Since GJ failed to make a new structure low , look left, I decide its time to buy what seems a channel forming, there's 1 concern tho that news today would miss with the trade so the best decision is to close before the news, since 2 position opened, closing 1 and leaving the other for open for the news {image} {image}
My WMA shows a trendline on Gj that has beeb broken...dbl bottom with bullish divergence in the early week
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 80 KB
  • #40,463
  • Aug 20, 2014 6:45am Aug 20, 2014 6:45am
Quoting lastingwell
{quote}The default settings are fine.
Thank you
  • #40,464
  • Aug 20, 2014 6:47am Aug 20, 2014 6:47am
Quoting hoperich
{quote} TMS-Osc Histo I have attached it for you. It should also be available in the clip at top of the page. {file}
Thank you for the indi hoperich...
  • #40,465
  • Aug 20, 2014 7:19am Aug 20, 2014 7:19am
Quoting Arkhambliss
{quote} Price action channel is just smoothed moving average 5 high, and SMA 5 low.
yes, this is what has been said all along over the Internet, but if you compare them with the default Price Action Channel that comes with Synergy APB, they don't match up at all. That is why I want someone to extract them from the original indicator.
  • #40,466
  • Aug 20, 2014 7:41am Aug 20, 2014 7:41am
Quoting WDays
{quote} My WMA shows a trendline on Gj that has beeb broken...dbl bottom with bullish divergence in the early week {image}
Thanks for your thoughts , I have protected GJ , and since its consolidating now, it might just continue down again, so I have protected the trade

I Have Learned to Take Some Losses to Make Profits
  • #40,467
  • Aug 20, 2014 11:55am Aug 20, 2014 11:55am
Third 100 pipers in 3 consecutive weeks, TMS is paying off, anyway took this trade based on M15, an early entry , guess what a deeper draw-down, but GJ failed to make new structure low, so decide to take the plunged after news , closed manually for +117 pips

I don't know how many hours stayed into this trade, but long enough to test discipline
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-08-20_21-47-02.jpg Size: 361 KB
I Have Learned to Take Some Losses to Make Profits
  • #40,468
  • Aug 20, 2014 6:51pm Aug 20, 2014 6:51pm
quick scalp from ACAD dropping...
Attached Image (click to enlarge)
Click to Enlarge Name: ACAD M15 sell (Asia) Thu 21.8.14 +.png Size: 74 KB
Appreciation is the key to wealth and happiness
  • #40,469
  • Aug 20, 2014 6:55pm Aug 20, 2014 6:55pm
Quoting TheScorpS
Third 100 pipers in 3 consecutive weeks, TMS is paying off, anyway took this trade based on M15, an early entry , guess what a deeper draw-down, but GJ failed to make new structure low, so decide to take the plunged after news , closed manually for +117 pips I don't know how many hours stayed into this trade, but long enough to test discipline {image}
well done . Just wondering how to keep yourself not attempting to exit the trade TheScorpS?
Appreciation is the key to wealth and happiness
  • #40,470
  • Aug 20, 2014 9:54pm Aug 20, 2014 9:54pm
Quoting likica
{quote} well done . Just wondering how to keep yourself not attempting to exit the trade TheScorpS?
I have been trying to learn all I could about EMA 10 power, I put that into the chart a year agao, was EMA 5, deleted that since it didn't make a lot of help to the way I trade, tried EMA 21, and saw that was not suitable for H1 trading so ended up with EMA 10 and left there the whole year, in this year I studied the relation of EMA 10 and PA , back-tested and forward tested that and it shows amazing results in following the trades or in avoiding entries when this EMA acts as support or resistance on H1, H4 , and am still learning how to use that to avoid entries and to take entries , I use it in all time frame, M5, M15, H1, H4 and Daily

So if a trade I see is following EMA 10, then am a trend follower no matter what PA does as long as its riding EMA 10, I am even testing a trade management, that when I see EMA 10 is likely to holds pa from London open and I enter the trade, I will just leave my stop below LO low - 5 pips and will ride EMA 10 on H1, even if the trade reached 20 + pips in my favor, I will not move stop to BE, as long as PA is riding that EMA on H1, and as long as my stop is located will below LO low, then the trade should be fine, but again still learning this single strategy

Now back to GJ trade , I just rode EMA 10, it takes care of the rest, simple yet powerful , I was really into exiting the trade when PA pulled back almost 30 pips after news, but in that regard, I have been studying Elliot Wave principles and that also told me to hang on the trade , I am really fascinating buy Elliot Wave

Elliot Wave moves in 5 waves, so I tried to follow those waves along with EMA 10

Hope this chart shows what am trying to explain
Attached Image (click to enlarge)
Click to Enlarge Name: EW_EMA10.jpg Size: 374 KB
I Have Learned to Take Some Losses to Make Profits
  • #40,471
  • Edited 2:41am Aug 21, 2014 1:54am | Edited 2:41am
Quoting TheScorpS
{quote} I have been trying to learn all I could about EMA 10 power, I put that into the chart a year agao, was EMA 5, deleted that since it didn't make a lot of help to the way I trade, tried EMA 21, and saw that was not suitable for H1 trading so ended up with EMA 10 and left there the whole year, in this year I studied the relation of EMA 10 and PA , back-tested and forward tested that and it shows amazing results in following the trades or in avoiding entries when this EMA acts as support or resistance on H1, H4 , and am still learning how to...
Thanks for sharing TheScorpS. Very well explanation, just not quite clear about EW. Do u have automatic EW or you have to manually draw those measurement and numbered them on ur chart? (I might be told off as it s not TMS topic , still trying to learn to stay with the trades myself)
Appreciation is the key to wealth and happiness
  • #40,472
  • Aug 21, 2014 2:45am Aug 21, 2014 2:45am
Quoting likica
{quote} Thanks for sharing TheScorpS. Very well explanation, just not quite clear about EW. Do u have automatic EW or you have to manually draw those measurement and numbered them on ur chart? (I might be told off as it s not TMS topic , still trying to learn to stay with the trades myself)
I will send you a PM later regarding EW and how to stay with the trend and sometimes even avoid fakeys

Need to write a detailed one so give me time
I Have Learned to Take Some Losses to Make Profits
  • #40,473
  • Aug 21, 2014 2:49am Aug 21, 2014 2:49am
Since I have some free time , I thought to my self of posting this trade that I took yesterday , was waiting to buy EA all day, until finally after FOMC took the trade

Heres the chart, you can see also how the trade was critical as ema 10 on H4 was acting as resistance but since there was some pips apart until PA reach there so that alone might give the trade higher portability in working out

Second position opened on the retest of EM 10 on M15

+ 100 pips on both position, 4th in a row, what a wonderful week
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-08-21_9-29-37.jpg Size: 420 KB
Click to Enlarge Name: H1.jpg Size: 393 KB
Click to Enlarge Name: H4.jpg Size: 411 KB
Click to Enlarge Name: M15.jpg Size: 391 KB
I Have Learned to Take Some Losses to Make Profits
  • #40,474
  • Aug 21, 2014 6:13am Aug 21, 2014 6:13am
Hi All,

I'm in a bit of a pickle atm. I was trying to do some backtesting with my mt4 platform and loaded up a huge amount of bars and it obviously didn't like it because it has crashed every single time I have opened it. I re-installed mt4 and copied over the indicator files etc but I am having trouble making them work properly. I am pasting the indicators into the MQL4 - Include - Indicators but with no success.'

Any ideas?

I'll post a screenshot of what should be the "TMS" template but all I get is a basic chart with no indicators.
Attached Image (click to enlarge)
Click to Enlarge Name: Go MT4 no indis problem.PNG Size: 90 KB
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #40,475
  • Aug 21, 2014 6:44am Aug 21, 2014 6:44am
Quoting OzFXtrader82
Hi All, I'm in a bit of a pickle atm. I was trying to do some backtesting with my mt4 platform and loaded up a huge amount of bars and it obviously didn't like it because it has crashed every single time I have opened it. I re-installed mt4 and copied over the indicator files etc but I am having trouble making them work properly. I am pasting the indicators into the MQL4 - Include - Indicators but with no success.' Any ideas? I'll post a screenshot of what should be the "TMS" template but all I get is a basic chart with no indicators. {image}

File/Open data folder...mql4/indicator.......did you paste there?
Sad i'm not trying to understand PA
  • #40,476
  • Edited 3:47pm Aug 21, 2014 7:23am | Edited 3:47pm
Interesting set up on GBPUSD monthly TDI. Just got 9 days to figure out a good entry or to see if it pulls back up some before I enter. It'll be a 0.01 trade short demo maybe also adding to it if the pound does go down to and through the box I've drawn on the chart. Be a long drawn out trade testing my patience though The short I've got going in EURGBP is doing just that

PS I got to keep it simple so I borrowed your template TheScorpS You are doing well
Attached Image (click to enlarge)
Click to Enlarge Name: monthly.png Size: 353 KB
"You know what needs to be addressed , completely completely reverse that".
  • #40,477
  • Aug 21, 2014 9:04am Aug 21, 2014 9:04am
Quoting TheScorpS
{quote} I will send you a PM later regarding EW and how to stay with the trend and sometimes even avoid fakeys Need to write a detailed one so give me time
Hey Scorps , very interesting and great trades -- I wonder if you could possibly send the same PM to me ?
would be very much appreciated .
  • #40,478
  • Aug 21, 2014 9:09am Aug 21, 2014 9:09am
So..
After going thru almost alll the posts in this thread, discarding and picking up indis along the way, this is how my dashboard looks.
Gona try to use TMS on the XAU scene.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB

This is a configuration that puts scalping first, by taking moves within the 4HTF.
Will prolly play around with this after work.
During the work day it'll be a 4H and above only system, care to take a vote on which few pairs i should keep an eye out on?
  • #40,479
  • Aug 21, 2014 9:23am Aug 21, 2014 9:23am
Quoting Kmw
Interesting set up on GBPUSD monthly TDI. Just got 9 days to figure out a good entry or to see if it pulls back up some before I enter. It'll be a 0.01 trade short demo maybe also adding to it if the pound does go down to and through the box I've drawn on the chart. Be a long drawn out trade testing my patience though The short I've got going in EURGBP is doing just that PS I got to keep it simple so I borrowed your template TheScorpS You are doing well I'm also playing with a regression channel I found somewhere...
Kmw,
Why do you need 2 same tdi on your chart? 2nd tdi should be for higher TF?
Appreciation is the key to wealth and happiness
  • #40,480
  • Aug 21, 2014 9:24am Aug 21, 2014 9:24am
Quoting TheScorpS
{quote} I will send you a PM later regarding EW and how to stay with the trend and sometimes even avoid fakeys Need to write a detailed one so give me time
Appreciate your help TheScorpS. L
Appreciation is the key to wealth and happiness
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