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Trading Made Simple

  • #42,641
  • Oct 22, 2014 12:08pm Oct 22, 2014 12:08pm
Quoting omonisha
{quote} Well i always take some profit and let profit run {image}
Another great trade with liquidity just above
  • #42,642
  • Oct 22, 2014 12:11pm Oct 22, 2014 12:11pm
Quoting Bizzzle
Here are some trades from today using Range Bars... Its very good for you scalpers out there but you need a lot of screen time Best of luck {image}
Good to see you back Bizzzle!
  • #42,643
  • Oct 22, 2014 12:21pm Oct 22, 2014 12:21pm
Day Chart trading.
Since 2 weeks, EURNZD showed a Master Candle on 2 Oct, that consolidation follow and that lasted for more than 10 trading days.
Planted small seeds and finally bear fruits this week.
More room down as we see the TDI VB Bue Band starting to widen again.


Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD D chart trading Oct MN.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,644
  • Oct 22, 2014 12:22pm Oct 22, 2014 12:22pm
Quoting lastingwell
{quote} Its nice to bear the W1 in mind but a pullback on there can be hundreds of pips, so I note it but don't actively trade it on H1. I don't take trades where all timeframes are in agreement, I take h1 where the h4 tdi is in agreement and I take h4 where d1 is in agreement, thats it.
Hi lastingwell,

H4 in agreement with D1 - by that do you mean TDI agreement ?

Here have a doubt as higher timeframe moves slowly so the tdi cross in higher tf will come later so does that mean for example D1 tdi crossed and in down state we take h4 trades only when h4 tdi crosses down ie. in alignment daily )

regards,
  • #42,645
  • Oct 22, 2014 12:45pm Oct 22, 2014 12:45pm
As New York will close soon in about one half hour, before I run out to Starbucks, I thought I will update my trade plan for GBPUSD for tomorrow before.
Big Day tomorrow with several tier one news/data release. We have the big one the UK GDP this week. You and I don't know what it will be like. But who get to now these data before they are made known in the public domain. By thetime we see that in econimic calendar like FF, it is shown as news, it's history.

See attach.
Attached File(s)
File Type: pdf Trade Plan for GBPUSD 23 Oct.pdf   134 KB | 728 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,646
  • Oct 22, 2014 1:13pm Oct 22, 2014 1:13pm
Shorted EURJPY earlier and planing to keep it running because of sell cross @daily TF . I could not post it because asked to evacuated the office after shooting incident inside the parliament .. anyway here is the chart
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 52 KB
  • #42,647
  • Oct 22, 2014 1:31pm Oct 22, 2014 1:31pm
Quoting tradesmarty
{quote} Hi lastingwell, H4 in agreement with D1 - by that do you mean TDI agreement ? Here have a doubt as higher timeframe moves slowly so the tdi cross in higher tf will come later so does that mean for example D1 tdi crossed and in down state we take h4 trades only when h4 tdi crosses down ie. in alignment daily ) regards,
No it doesn't have to cross, if you look at my trades, I like to see a "step" down or up in the higher timeframe in the direction that I want to trade before I go in, showing a sign of weakness of the higher trend.
  • #42,648
  • Oct 22, 2014 1:45pm Oct 22, 2014 1:45pm
Quoting Bizzzle
I see everyone is grabbing pips and doing well... It's been a while but I have decided I will join you all again
Yay at last.
  • #42,649
  • Oct 22, 2014 2:34pm Oct 22, 2014 2:34pm
Quoting emmanuel7788
{quote} Hi TSS, Yes, plenty of trade opportunuties for TMS when market is trending. TMS works best in trending market and sideways wide raneg market types. Anyway it is October month, many things can happen this month so be prepared. Capital protection is still priority. Took this EURCAD 4H swing trade as planned. There was consoldiation at the top where historical resistance is. The Master Breakout was very obvious with the TDI confirming that breakout candle. Just need some patience, discipline to check once every 4-hours when a new H4 candle...
Dear Emmanuel,
Your recent charts made me think that if you analyze Price Action with the shapes of only APB bars & not the normal price candles? Or as in the rules you only consider the changes in APB's colors?
Besides, although I know brokers use different data feed, but comparing my EURCAD candles without APBs with yours, showing such a different that I would maybe enter one candle behind you. Am I right or just missing something?
Regards
Attached Image (click to enlarge)
Click to Enlarge Name: eurcadh4.png Size: 35 KB
  • #42,650
  • Oct 22, 2014 5:31pm Oct 22, 2014 5:31pm
Quoting Kouroushi
{quote} Dear Emmanuel, Your recent charts made me think that if you analyze Price Action with the shapes of only APB bars & not the normal price candles? Or as in the rules you only consider the changes in APB's colors? Besides, although I know brokers use different data feed, but comparing my EURCAD candles without APBs with yours, showing such a different that I would maybe enter one candle behind you. Am I right or just missing something? Regards {image}
Hi Kouroushi,

I do my trading decision using the real price candles/bars only - all my techinical analysis to look for support and resistance, trade setup using candlesticks and chart patterns are based on real price candles/bars, my trade entries and exits are also based on real price.
The Average Price Bar APB / HeikenAshi HA both are technical indicators derived from the price OHLC and they are nice to have on our charts, both have their own characteristics which they are designed for. Like all technical indicators, they have pros and cons, and I have progress and I rely less on them these days.
More important for me is the price range - its High-Low and its Open-Close ranges. I do price range analysis with VSA to pick out those Wide Range Bar WRB. WRB often results in market consoldation and we see them as Master Candle. I make trade decision by looking at WRB analysis.

Yes, H4 charts are different depends on the broker server time. I stick to broker server time GMT0 and I do see Sunday candles which I use as one of my trading strategy.

What is your broker server time of your chart?

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,651
  • Oct 22, 2014 5:54pm Oct 22, 2014 5:54pm
NZDUSD H1 trades:

A trade example when market is very narrow ranged consolidation, we trade the breakout.
Do not trade when you see small candles. Wait for the increase in price volatility and the TDI confirms.
Here using the Day open as support & resistance, with the chart pattern -triple tops'.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD 22 Oct H1 trade closed.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,652
  • Oct 22, 2014 6:29pm Oct 22, 2014 6:29pm
Quoting emmanuel7788
{quote} I LIKE! this improve your win rate and that is important for trader's self-confidence. Use THV CaveManager EA feature.
I seem to not know how to make use of THV CaveManager EA to work. Tried to stick it to my current EURAUD chart but nothing showing up. need a hand pls.
Appreciation is the key to wealth and happiness
  • #42,653
  • Edited 7:22pm Oct 22, 2014 7:10pm | Edited 7:22pm
Quoting likica
{quote} I seem to not know how to make use of THV CaveManager EA to work. Tried to stick it to my current EURAUD chart but nothing showing up. need a hand pls.
Check this. Instead of going C/Program files go from Mt4 file/Open Data Folder/MQL4/Experts

Inserted Video
Sad i'm not trying to understand PA
  • #42,654
  • Edited 10:11pm Oct 22, 2014 9:44pm | Edited 10:11pm
Quoting emmanuel7788
{quote} Hi TSS, You can modify the Average Price Bar APB when you have defined your trading system using that. Dean Malone modified the original Heiken Ashi HA to become Synergy APB and call his system Synergy model. The closing price of the APB is different from that of the HA. I posted earlier the link to the Synergy APB and the HeikenAshi_DM, both are mq4 files and you can study the codes and make your own modification to how you want the APB close price to show. A small tweak can make a difference to your entry decision and timing. regards,...
Thanks Big Emm, this is good idea, will try it , I do have some programming skills as well , guess will give it shot
I Have Learned to Take Some Losses to Make Profits
  • #42,655
  • Oct 22, 2014 10:41pm Oct 22, 2014 10:41pm
Quoting emmanuel7788
Day Chart trading. Since 2 weeks, EURNZD showed a Master Candle on 2 Oct, that consolidation follow and that lasted for more than 10 trading days. Planted small seeds and finally bear fruits this week. More room down as we see the TDI VB Bue Band starting to widen again. {image}
Patience is important??? http://www.forexfactory.com/showthre...70#post7798370 your chart update didn't actually show you planting those seeds but I put it down to being in another account.
  • #42,656
  • Oct 23, 2014 2:09am Oct 23, 2014 2:09am
Quoting lastingwell
{quote} Patience is important??? http://www.forexfactory.com/showthre...70#post7798370 your chart update didn't actually show you planting those seeds but I put it down to being in another account.
Give yourself a chance and trade it like it's layed out...
  • #42,657
  • Oct 23, 2014 2:28am Oct 23, 2014 2:28am
Quoting omonisha
{quote} Check this. Instead of going C/Program files go from Mt4 file/Open Data Folder/MQL4/Experts http://www.youtube.com/watch?v=IX-CQfz2GUA
thanks for the video Omonisha.
Appreciation is the key to wealth and happiness
  • #42,658
  • Oct 23, 2014 2:48am Oct 23, 2014 2:48am
GbpUsd minimum 55pips + and going down for more

Attached Image (click to enlarge)
Click to Enlarge Name: GbpUsd.png Size: 55 KB
  • #42,659
  • Oct 23, 2014 3:00am Oct 23, 2014 3:00am
Quoting omonisha
{quote} Check this. Instead of going C/Program files go from Mt4 file/Open Data Folder/MQL4/Experts http://www.youtube.com/watch?v=IX-CQfz2GUA

Hi Omonisha,

Very good video. Well recorded, the sound quality is loud and clear. I enjoy watching it again.
Only wish he would make a nw one with the new MT4 foldwer structure.
Thank you very much for posting and sharing that.
This the spiirt what this thread is about.


Quoting likica
{quote} I seem to not know how to make use of THV CaveManager EA to work. Tried to stick it to my current EURAUD chart but nothing showing up. need a hand pls.
Hi likica,

Hope that video has help you get CaveManager up and running.
If you have any question what the parameters to set up for your trade exit management,
I will be here to help you and also anyone else wanting some help.


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,660
  • Oct 23, 2014 3:01am Oct 23, 2014 3:01am
Quoting TheScorpS
{quote} Thanks Big Emm, this is good idea, will try it , I do have some programming skills as well , guess will give it shot

Hi TSS,

You are most welcome.
PM you some ideas on what I did.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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