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Trading Made Simple

  • #41,121
  • Sep 16, 2014 4:53pm Sep 16, 2014 4:53pm
Hi TheScorps or anyone else that can kindly help,

When I apply your template with your indicators, it automatically draws the green and blue rectangle for London and NY session. What indicators are they? I'd like to apply them to my own chart/template. Also, how do you change the parameters? As it has the green rectangle at 11am GMT for some reason. Thank you.

Reading the Study II of PHX62 now. Knowing that the first 1-3 hours of LO sets the high and low of the day is a goldmine. Also, I'll start employing the EMA 89 and 800 in aaddition to the ema 10 and 200 I already have for H1. I can already see simple recurrent patterns. Will test them out at LO today.

Thanks in advance!
  • #41,122
  • Sep 16, 2014 5:22pm Sep 16, 2014 5:22pm
Quoting Arkhambliss
Hi TheScorps or anyone else that can kindly help, When I apply your template with your indicators, it automatically draws the green and blue rectangle for London and NY session. What indicators are they? I'd like to apply them to my own chart/template. Also, how do you change the parameters? As it has the green rectangle at 11am GMT for some reason. Thank you. Reading the Study II of PHX62 now. Knowing that the first 1-3 hours of LO sets the high and low of the day is a goldmine. Also, I'll start employing the EMA 89 and 800 in aaddition to the...
If you mean dotted boxes for London and NY sessions, they calls Breakout_Box London and NY, you can find them in this post for example :
http://www.forexfactory.com/showthre...07#post7365007
If you want some other indicators for sessions, you can find them on this thread in attached files menu. There are a lot of different ones, you can choose and try any you want.
About settings. Depends on your broker time. I can show you what settings i have for my broker (GMT+3; LO candle starts 10am).
Attached Image (click to enlarge)
Click to Enlarge Name: LO.png Size: 34 KB
Attached Image (click to enlarge)
Click to Enlarge Name: NY.png Size: 35 KB
  • #41,123
  • Sep 16, 2014 7:23pm Sep 16, 2014 7:23pm
Quoting WDays
{quote} Damn bro, that's just ugly Did you manually exit? I got taken out by SL when the candle you entered on pulled back a 2nd time before it closed lower...
Hi Wdays,
I exited manually as I didn't like two small pullback candles plus the London session was almost over. Apparently no big news as well, but in FX markets anything possible so we have to be ready to preserve our capital.

Many more green pips to you..Hoperich
  • #41,124
  • Sep 16, 2014 8:34pm Sep 16, 2014 8:34pm
Hi,

G00D Morning @ll,

Woke up. fishing for some trade. As usual Hand itchy. Took a wrong pair... . But I think it's worth a try.
Entry after a break on hours ranging. But this is solely on DEMO. Live trading only after Tok5 start or LO.
Attached Image (click to enlarge)
Click to Enlarge Name: 20140917-NZDJPY.JPG Size: 156 KB
  • #41,125
  • Edited 9:50pm Sep 16, 2014 9:29pm | Edited 9:50pm
Gold. Entered after watching 1H pull-back candle. It will either hit BE or TP..... (My entery point is about the DPV). No specific obstacles to be tested before my TP location.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-09-17_11-19-30.png Size: 54 KB

EDIT: BE out. Consecutive 3 BEs since yesterday..
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #41,126
  • Sep 16, 2014 9:30pm Sep 16, 2014 9:30pm
Well, it's running down abit, I just love to see the base strength. NZD deep RED.
Attached Image (click to enlarge)
Click to Enlarge Name: 20140917-NZDJPY-Update.JPG Size: 78 KB
  • #41,127
  • Sep 16, 2014 9:46pm Sep 16, 2014 9:46pm
Hmm,

Looks like YEN going to be winner ... All buying YEN except USD.
Attached Image (click to enlarge)
Click to Enlarge Name: 20140917-Monitor.JPG Size: 119 KB
  • #41,128
  • Sep 16, 2014 9:58pm Sep 16, 2014 9:58pm
Quoting toledoFX
Another nice day with a great movements. Got EUR/AUD with +33 pips, but the movement was giving much more. The price have hit TP when i already left my office, the TP was set on the low of previous day. Maybe, profit could be larger, if i see that big movement, but that's ok. Also, there was a great opportunity on GBP/JPY at the same time, but i didn't take it... {image}
Nice trade

By the way, thanks for pointing the breakout boxes , London and NYO boxes, and your broker timings is same as mine, so LO opens at 10 a.m. closes at 7 p.m. , NYO opens at 3 p.m. closes at 12 midnight

I also use the Asian Session indicator, the high and low of that session, I find it extremely important too, hope I have adjust the timings on that one correctly tho
I Have Learned to Take Some Losses to Make Profits
  • #41,129
  • Sep 16, 2014 10:44pm Sep 16, 2014 10:44pm
Hi ppl

Cud any1 please advice me on how to exit trades...i think im ok
with entries, its the exists that i stuff up...any advice will b much appreciated.

Regards
  • #41,130
  • Sep 17, 2014 12:46am Sep 17, 2014 12:46am
Quoting dennis4u15
Hi ppl Cud any1 please advice me on how to exit trades...i think im ok with entries, its the exists that i stuff up...any advice will b much appreciated. Regards
Only backtesting will show you when to exit, I think when you do that you might get to learn something, some TMS traders use TDI as an exit sign when it flats out, S&R as well

I use many different techniques, way beyond this thread, it was really difficult part on my side when to exit but now its getting better

Yesterday I went short EA, had my predefined exit at +80 pips , but energy was drained from trading , exit the trade and later on PA moved further south

I hope I can shed some light on when I take entries and why I exit, I think if I can do this and write a detailed post , that will add to TMS, hope I can find a way and come up with a trading plan that supports why I can take enterines and why I exit them
I Have Learned to Take Some Losses to Make Profits
  • #41,131
  • Sep 17, 2014 2:04am Sep 17, 2014 2:04am
Hmm..

Today results -1pip on EA live. Pretty rangy I felt. Not moving towards actual breaking.
Shorted 2 hours ago. I call it quit. Burn 1pip. Call it a day for now.

Just not my day, never expect every time TGIF.

Green Pips everyone.
  • #41,132
  • Sep 17, 2014 2:20am Sep 17, 2014 2:20am
Quoting TheScorpS
{quote} Only backtesting will show you when to exit, I think when you do that you might get to learn something, some TMS traders use TDI as an exit sign when it flats out, S&R as well I use many different techniques, way beyond this thread, it was really difficult part on my side when to exit but now its getting better Yesterday I went short EA, had my predefined exit at +80 pips , but energy was drained from trading , exit the trade and later on PA moved further south I hope I can shed some light on when I take entries and why I exit, I think...
Would be nice !I started the simulator last week .. and specially the exits are the tricky things here . Sharing your thoufhts , explained on a trade could help much . Guido
Risiko birgt immer auch die Chance.
  • #41,133
  • Sep 17, 2014 2:57am Sep 17, 2014 2:57am
Quoting Sesamstrasse
{quote} Would be nice !I started the simulator last week .. and specially the exits are the tricky things here . Sharing your thoufhts , explained on a trade could help much . Guido
Cool, I will think about these days and see how can I do that
I Have Learned to Take Some Losses to Make Profits
  • #41,134
  • Sep 17, 2014 3:30am Sep 17, 2014 3:30am
Quoting toledoFX
{quote} If you mean dotted boxes for London and NY sessions, they calls Breakout_Box London and NY, you can find them in this post for example : http://www.forexfactory.com/showthre...07#post7365007 If you want some other indicators for sessions, you can find them on this thread in attached files menu. There are a lot of different ones, you can choose and try any you want. About settings. Depends on your broker time. I can show you what settings i have for my broker (GMT+3; LO candle starts 10am). {image} {image}

Thanks Toledo for putting in all that effort. My broker time is GMT and I am based in London. So the default settings works like a charm (keeping in mind with british summer time).

Thanks again. Reading up on more phx62 pdfs, focusing on EA pair.
  • #41,135
  • Sep 17, 2014 4:44am Sep 17, 2014 4:44am
Quoting TheScorpS
{quote} Cool, I will think about these days and see how can I do that
Keep it simple , no need to rush .
Step by step I modify my skills in this style ..
Will need some time, may be months or years , before Iīm on the way to handle this strategy .
It was the same with the strategy I trade live since a year..
... needed much time on the simulator to get this feeling when to enter and when better stay out.
But itīs a totally different kind of view here and I like the idea to watch only the chart before a new candle opens.
Guido
Risiko birgt immer auch die Chance.
  • #41,136
  • Edited 5:24am Sep 17, 2014 4:48am | Edited 5:24am
One question I have now .
Do you still trade the 8 different pairs , Big E recommendet ?
Or what pairs do you monitor ?
Itīs a laaaaaarge thread and itīll need some months to finnish 41k replies in this thread.
thx Guido
Risiko birgt immer auch die Chance.
  • #41,137
  • Sep 17, 2014 5:41am Sep 17, 2014 5:41am
Quoting Sesamstrasse
One question I have now . Do you still trade the 8 different pairs , Big E recommendet ? Or what pairs do you monitor ? Itīs a laaaaaarge thread and itīll need some months to finnish 41k replies in this thread. thx Guido
Yeah will try to think it over the weekend and see what I come up with

Now I always wanted to back test on simulator but I don't have a clue how to work with one , can u send me in the right direction, I want to enter trades, set stop and tp , and feel the market back there as its dull and gray

Pairs I trade are GU_GJ_EJ_EA and I just put EU there as feel for the market

I Have Learned to Take Some Losses to Make Profits
  • #41,138
  • Sep 17, 2014 6:13am Sep 17, 2014 6:13am
Quoting TheScorpS
{quote} Yeah will try to think it over the weekend and see what I come up with Now I always wanted to back test on simulator but I don't have a clue how to work with one , can u send me in the right direction, I want to enter trades, set stop and tp , and feel the market back there as its dull and gray Pairs I trade are GU_GJ_EJ_EA and I just put EU there as feel for the market
I use the LFH simulator .
Found it in the Choros thread where I feel like home .
Itīs not any fany new technik , but works fine and makes with you in weeks or months , what you normally learn in years.
I still use it in the " Dancing " style one time a week ..
And it was the reason why Iīm successful with forex.

the scripts are to " drag īn drop " in the chart while you work at the " simulator " .
fix Sl 30 Tp 30 .. with y doubleclick you can change them in the chart .
Buy open + close / sell open + close in the scripts folder ..
LHF in the experts folder ... restart .. GO

Guido
Attached File(s)
File Type: ex4 LFH_Simulator_Sell_Open.ex4   2 KB | 624 downloads
File Type: ex4 LFH_Simulator_Buy_Open.ex4   2 KB | 602 downloads
File Type: ex4 LFH_Simulator_Sell_Close.ex4   1 KB | 630 downloads
File Type: ex4 LFH_Simulator_Buy_Close.ex4   1 KB | 631 downloads
File Type: ex4 LFH_Trading_Simulator_3.ex4   30 KB | 627 downloads
Risiko birgt immer auch die Chance.
  • #41,139
  • Sep 17, 2014 6:27am Sep 17, 2014 6:27am
Computer was dead for 2 days. Now up. Went on news.News was good..but price went against it and hit my stop -32. re entered with increased lot.. GBPAUD
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-09-17_17-22-27 GBPAUD.png Size: 40 KB
Sad i'm not trying to understand PA
  • #41,140
  • Sep 17, 2014 6:46am Sep 17, 2014 6:46am
lousy day for EU EA hop in hop out like a rabbit
only had green pips from Oil M5
Attached Image (click to enlarge)
Click to Enlarge Name: oil M5 Wed 17.9.14 +.png Size: 45 KB
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