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Trading Made Simple

  • #42,181
  • Oct 13, 2014 9:57am Oct 13, 2014 9:57am
Quoting TheScorpS
{quote} Ok downloaded that, yes I see the TDI there , so that must be nice, its okay since I know what I need from back-testing, I just want to trade my trading plan setup over and over again, learning all I could about TDI, how it moves, behaves at cetian locations, bounces crosses , etc just to practice particular formations system in the mind over and over again
Beautiful! That's my intention as well.
  • #42,182
  • Oct 13, 2014 10:11am Oct 13, 2014 10:11am
Quoting TheScorpS
{quote} You are improving a lot there, just keep at it, the light bulb isnt far a head
I sure hope so , if not it wont be for the lack of trying !! Thanks very much for your words of encouragement , and for all the help you give to everyone .
You are a true Gentleman .
  • #42,183
  • Oct 13, 2014 11:30am Oct 13, 2014 11:30am
TheScorpS sent me a PM about the compilation of Phx62's posts. I still keep it up-to-date, here I send part V. with his posts from 2014.

Hope you can use it.
Attached File(s)
File Type: pdf Phx62 study V.pdf   4.0 MB | 1,461 downloads
  • #42,184
  • Oct 13, 2014 12:01pm Oct 13, 2014 12:01pm
Quoting likica
took 1st short on GCAD H1 and got out at BE when green candle formed. 2nd short finally reached PT at support level, 48 green collected. {image}
Nice trades!
  • #42,185
  • Oct 13, 2014 12:20pm Oct 13, 2014 12:20pm
Quoting hupipko
TheScorpS sent me a PM about the compilation of Phx62's posts. I still keep it up-to-date, here I send part V. with his posts from 2014. Hope you can use it. {image}
Can't thank u enough for all the hard work and hours taken into compiling those ; another piece of art; gonna prepare my self to print it off and add it to other books ; thanks a million
I Have Learned to Take Some Losses to Make Profits
  • #42,186
  • Oct 13, 2014 12:38pm Oct 13, 2014 12:38pm
Quoting LFN
Hi. I took a AUDCHF buy trade at 16:02 (GMT+3). TMSWatchdog alerted and the bounce looked clear with nice slope. Good candle size above PAC channel, and higher TF H4 confirmed. Though not Daily. It went to loss -25 pips after about 2 hours. I would be glad to get some comments on the trade, and reasons why I should not have taken this trade. I have a program that takes a screenshot at the time I open the order. It shows the bounce clearly. But now after the trade has closed the bounce is not even visible! See below my both screenshots. Please forgive...
The only thing I would say is that the synergy/ha candles move an average of between 3-8 of one colour usually before a retrace, the one you went in on was number 7 I think (can't see the attachment too clearly), that along with it being very close to a resistance level I have on my chart, would be enough for me not to take the trade at that time.
  • #42,187
  • Oct 13, 2014 1:35pm Oct 13, 2014 1:35pm
Quoting lastingwell
{quote}The only thing I would say is that the synergy/ha candles move an average of between 3-8 of one colour usually before a retrace, the one you went in on was number 7 I think (can't see the attachment too clearly), that along with it being very close to a resistance level I have on my chart, would be enough for me not to take the trade at that time.
Thanks for the answer. I am using the supdem indicator posted in this thread on default settings. I will look out for the number of apb:s colours in the future.
  • #42,188
  • Oct 13, 2014 1:45pm Oct 13, 2014 1:45pm
Took this trade early +50
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 40 KB
Trade what you see .
  • #42,189
  • Edited 2:10pm Oct 13, 2014 1:57pm | Edited 2:10pm
I'm in this trade, the first image is of the broker I took it on , as it has a much lower spread on EN than the other one I use (15 pip spread on GKFX!) but I haven't got the templates on there, the second image is what I was looking at, at the time of the trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURNZDH1.png Size: 49 KB
Click to Enlarge Name: EURNZDH1(2).png Size: 48 KB
  • #42,190
  • Oct 13, 2014 2:19pm Oct 13, 2014 2:19pm
Quoting emmanuel7788
GBPJPY 13 Oct H1 trade Tokyo Channel. Risky trade with Japan bank holiday, also US holiday today. The setup was good with that Bullish Engulfing Bar BUEB setup with TD bounce confirmation. Will watching the price should it hit the ADR High, then intraday reversal is likely. {image} Edit: Forgot to mention, this is counter trend trade against the Weekly and Daily. So if there is break to the downside, look for a TMS sell setup.
First trade failed as price did not move further and reverse.
Second trade as recovery trade when price broke to the downside following the dominat trend.
Remaining position at BE so I let that run into the next day.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY 13 Oct H1 trade TOK2.png Size: 23 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,191
  • Oct 13, 2014 2:21pm Oct 13, 2014 2:21pm
Quoting emmanuel7788
GBPAUD 13 Oct H1 trade, a Master Candle breakout example. {image}
Trade close +100pips.
First time using THV Cave Manager, tesing it trade mnagement features.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD 13 Oct H1 trade closed.png Size: 21 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,192
  • Oct 13, 2014 2:31pm Oct 13, 2014 2:31pm
Quoting LFN
{quote} Thanks for the answer. I am using the supdem indicator posted in this thread on default settings. I will look out for the number of apb:s colours in the future.
I'm using this one, which I've found extremely good, default settings.
Attached File(s)
File Type: ex4 II_SupDemMOD.ex4   20 KB | 496 downloads
  • #42,193
  • Oct 13, 2014 2:40pm Oct 13, 2014 2:40pm
Quoting emmanuel7788
{quote} Hi tradesmarty, I do position trading using D chart. Same approach with top down analysis and also use %risk with position sizing. In this way, no matter how many pips is the initial SL, the risk per trade remain the same %. Here is an example with USDJPY, today I added position. Trailing behind 2 D candles. {image} regards,
Thanks emmanuel for sharing the idea.

In the chart you posted, I see the tdi cross happening earlier but your first entry looks to be little late after cross. Is this any special entry condition. Also whats the add condition followed here.

Thanks,
  • #42,194
  • Oct 13, 2014 3:09pm Oct 13, 2014 3:09pm
Quoting rkp
{quote} That's a great trade, MrAussieFX! I was spooked by the below top becoming support and didn't take it.. Got a lot to learn.. Since I trade micro lots for now, I cannot set up the partial profit taking in CaveManager... What are the rest of your settings? Are they different for H1 and H4? Thanks and good job!
Thanks ThescropS and rkp for your kind words. I'm still in the learning phase and try mark my charts for my reference and to answer any unasked questions.

My CM settings change time to time but I try to stick with my 20 pips initial TP as it helps me out take fear out of my trading a little bit. Initial SL depends on where you take a trade, Fib levels, how strong or weak the SR is, What is your trading Time frame and your risk:reward ratio.

TIP: I take the cross hair tool on the MT4 and measure my SL before opening Cavemanger.

For TP by Batches:
1st 50% at 20 pips (Fib level taken into account)
2nd 20 % at another fib level, previous structure taken into account
3rd 20 % at another fib level, previous structure taken into account
4th let the rest 10% run for max

TDI confirmation is one of the best option for profit taking and exiting for manual trading.

SL Trailing
-3 pips above the HL option used (I'm still playing with this one)

My CM settings (This is the initial one I keep changing it)
Attached File(s)
File Type: rar CM.rar   1 KB | 585 downloads


Kindest Reagards
  • #42,195
  • Oct 13, 2014 3:45pm Oct 13, 2014 3:45pm
Quoting tradesmarty
{quote} Thanks emmanuel for sharing the idea. In the chart you posted, I see the tdi cross happening earlier but your first entry looks to be little late after cross. Is this any special entry condition. Also whats the add condition followed here. Thanks,
Hi tradesmarty,

We saw USDJPY had a very strong up trend and Sep month was exceptional hitting the golden 110.00 level.
Most trends end in consolidation before market decide the next move. The first TDI cross we see on D chart does not mean the trend ended and market will reverse.
Using chart patterns like Double Tops, Triple Tops, Head and Shoulders, is what I use to look for consolidation and reversal. There was double tops with a bearish D inside bar for my setup.
But what we see now in D chart is not a reversal but a major correction of the Aug - Sep run up. But this corrective move has some room for position trading.
Until I see a weekly and daily setup for buying, I stay on the seller side for now.
Just wait and listen to what the 3 wise men - Abe, Aso and Kuroda will say and do in this last Quarter of this year. Japan inflation check at 2%.... is working.
We may see a gradual rise to 120.00 level...question is how long will that take.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,196
  • Oct 13, 2014 3:50pm Oct 13, 2014 3:50pm
EA Followup
Attached Image (click to enlarge)
Click to Enlarge Name: EA Fib 61.8 retrace 141014.png Size: 316 KB


I'm looking for 61.8 Retrace on fib from EA.

Open to comments and feedback.

Kindest Regards
  • #42,197
  • Oct 13, 2014 3:52pm Oct 13, 2014 3:52pm
Quoting MrAussieFX
{quote} Thanks ThescropS and rkp for your kind words. I'm still in the learning phase and try mark my charts for my reference and to answer any unasked questions. My CM settings change time to time but I try to stick with my 20 pips initial TP as it helps me out take fear out of my trading a little bit. Initial SL depends on where you take a trade, Fib levels, how strong or weak the SR is, What is your trading Time frame and your risk:reward ratio. TIP: I take the cross hair tool on the MT4 and measure my SL before opening Cavemanger. For TP by...

Good post! MrAussieFX.

SL Traling -3pips behind HL is too tight for most pairs and taking spread into consideration.
Try with larger pips 10 pips behind HL

or set trailing using the APB/HA high low, usually 2 candles look back work a lot better for strong trend move. Look at the flat end of the APB/HA candles.

Also, if you let 4th batch run till maximum, you can use the set Preceding TP to 60% of the ADR, and this way THV CM will push the TP and the trend breaks away. "Let Profit Run" conccept.
Hint:
MT4 crosshair short cut, press on mouse scroll wheel to activate the cross hair.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,198
  • Oct 13, 2014 4:06pm Oct 13, 2014 4:06pm
Quoting emmanuel7788
{quote} Good post! MrAussieFX. SL Traling -3pips behind HL is too tight for most pairs and taking spread into consideration. Try with larger pips 10 pips behind HL or set trailing using the APB/HA high low, usually 2 candles look back work a lot better for strong trend move. Look at the flat end of the APB/HA candles. Also, if you let 4th batch run till maximum, you can use the set Preceding TP to 60% of the ADR, and this way THV CM will push the TP and the trend breaks away. "Let Profit Run" conccept. Hint: MT4 crosshair short cut, press on mouse...
Much appreciated, Emmanuel.

I'll try the CM settings as per your suggestions and thanks for the tip on crosshair tool.

Kindest Regards
  • #42,199
  • Oct 13, 2014 4:12pm Oct 13, 2014 4:12pm
GBPNZD week42 D trades:
Waited many days for an entry opportunity and yesterday morning was a very nice H1 TMS setup with D sell bias.
First trade at BE, add-on second position today.

Will be watching closely if NZDUSD breaks above the 0.7900 level.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD week 42 D trades 13Oct.png Size: 20 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,200
  • Oct 13, 2014 5:50pm Oct 13, 2014 5:50pm
guys, does anyone know a simple TDI with alert when the lines cross, for mt4 build 600+ ?

no unecessary alrts, jus when the green and red cross

thanks.
i lose money for a living
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