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Trading Made Simple

  • #42,681
  • Oct 23, 2014 8:10am Oct 23, 2014 8:10am
Bizzzle what are your range bars set at?
Quoting Bizzzle
One trade today using Range bars, I wasn't around to catch the other two Plenty of opportunities {image}
Trade what you see .
  • #42,682
  • Oct 23, 2014 8:12am Oct 23, 2014 8:12am
Quoting dano858
Bizzzle what are your range bars set at?{quote}
Hi mate, mine are set at 10 pips! They are great but they take a bit of time to get used to... so try on demo first

GL
Give yourself a chance and trade it like it's layed out...
  • #42,683
  • Oct 23, 2014 8:19am Oct 23, 2014 8:19am
Quoting Bizzzle
{quote} Hi mate, mine are set at 10 pips! They are great but they take a bit of time to get used to... so try on demo first GL
Thanks
Trade what you see .
  • #42,684
  • Oct 23, 2014 8:31am Oct 23, 2014 8:31am
GU is showing some divergence on the 4 hour and hourly!
Give yourself a chance and trade it like it's layed out...
  • #42,685
  • Oct 23, 2014 8:48am Oct 23, 2014 8:48am
Quoting Bizzzle
{quote} Hi mate, mine are set at 10 pips! They are great but they take a bit of time to get used to... so try on demo first GL
What EA or range indicator are you using for range bars Bizzzle? Never had much success getting them to work on MT4
  • #42,686
  • Oct 23, 2014 8:54am Oct 23, 2014 8:54am
Quoting hostwey
{quote} What EA or range indicator are you using for range bars Bizzzle? Never had much success getting them to work on MT4
This is the one I am using.

Put it in experts folder then open a 1 mins chart scroll back a week or so, for the data then add EA to chart with setting to how many pips mine is 10 pips, click file offline charts and click on the 3 mins chart with the same pair the EA is running on...

Hope that helps
Attached File(s)
File Type: ex4 Range bars EA new format 1.ex4   19 KB | 406 downloads
Give yourself a chance and trade it like it's layed out...
  • #42,687
  • Oct 23, 2014 9:07am Oct 23, 2014 9:07am
Quoting emmanuel7788
{quote} Thank you Rob. You are doing good as I can see some of your recent trades posted. http://www.forexfactory.com/showthre...82#post7817782 Based on what I see in your charts posted, may I suggest: I think you can work on your trade exit management strategy and include capital protection as one priority. Try with mult-lot entry and scale-out one pos with profit and protect the other pos by trailing the market. Since you trade using fix positions, you can split your entry into two portions for exit. Test that in realtime...
Thanks very much for the advice . I have improved my trading recently , but whether that is due to better market conditions or not ,it's a little too soon to say .
I only trade at .01 but If I can maintain the improvement over a reasonable period , I will try .02 -- then I will certainly follow your advice , and hope to eventually trade 'proper money ' .
Only made +27 today , a small step in the right direction .

I try to follow Big E's method , but I do think that he had an exceptional talent as a trader that I maybe will never be able to match .So when I see how you plan your trades beforehand , so that you are waiting for the market to come to you , as against just watching the TDI and then having to make snap judgements ( as Big E was so brilliant at doing , and I am not ) , I see a whole different ball game . SO I hope you will keep advising and helping us .Best Regards.
  • #42,688
  • Oct 23, 2014 9:08am Oct 23, 2014 9:08am
first range bar trade
Trade what you see .
  • #42,689
  • Oct 23, 2014 9:08am Oct 23, 2014 9:08am
forgot the pic
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM2.png Size: 34 KB
Trade what you see .
  • #42,690
  • Oct 23, 2014 10:13am Oct 23, 2014 10:13am
Heres EJ trade today, at the open of the entry candle, I was busy with work, and in a minute, the trade already gone 13 pips, but momentum at LO, so took the entry anway, closed for +40

I rather follow it, but on H1 EMA 200 and on Daily EMA 10, so I guess I need to modify my trading plan for momentum trading when PA hits these dynamic resistance or support
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_H1.jpg Size: 222 KB
I Have Learned to Take Some Losses to Make Profits
  • #42,691
  • Oct 23, 2014 10:14am Oct 23, 2014 10:14am
Quoting TheScorpS
Heres EJ trade today, at the open of the entry candle, I was busy with work, and in a minute, the trade already gone 13 pips, but momentum at LO, so took the entry anway, closed for +40 I rather follow it, but on H1 EMA 200 and on Daily EMA 10, so I guess I need to modify my trading plan for momentum trading when PA hits these dynamic resistance or support {image}
Nice trade mate
Give yourself a chance and trade it like it's layed out...
  • #42,692
  • Oct 23, 2014 10:20am Oct 23, 2014 10:20am
Quoting Kouroushi
{quote} Update Gold: Closed other half at +70 {image}
I love gold

Well done mate
Give yourself a chance and trade it like it's layed out...
  • #42,693
  • Oct 23, 2014 10:26am Oct 23, 2014 10:26am
Quoting Bizzzle
{quote} Nice trade mate
Thanks Bizzzle, you are most welcome, and appreciate your taking time to helps us improve
I Have Learned to Take Some Losses to Make Profits
  • #42,694
  • Oct 23, 2014 1:28pm Oct 23, 2014 1:28pm
Quoting robuk
{quote} Thanks very much for the advice . I have improved my trading recently , but whether that is due to better market conditions or not ,it's a little too soon to say . I only trade at .01 but If I can maintain the improvement over a reasonable period , I will try .02 -- then I will certainly follow your advice , and hope to eventually trade 'proper money ' . Only made +27 today , a small step in the right direction . I try to follow Big E's method , but I do think that he had an exceptional talent as a trader that I maybe will never be able...
Hi Rob,
You are welcome. I fully agree with you that Big E is an exceptional trader here in FF. He has many years of experience and tested the 5-Method and traded his method to suit his personlal trading style and his lifestyle. Every trader is different. Trading can be a very passionate thing as I read the posts here in FF. Lots of different views of the market, different beliefs about the market, etc.
I am just sharing what I learned and what I do. My approach may not work for some people. I stick to my approach and always make a trade plan for those pairs I trade.
Traded the GBPUSD on D chart today as planned, sold when Day Open and set my Capital Protection at 50pips move and CaveManager EA work as usual for me today. No regrets and I am happy with that trade.
Had a long busy day today and now is 4pm+ in New York and time for my cuppa as usual.
You take good care.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 23 Oct D chart trade.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,695
  • Oct 23, 2014 1:34pm Oct 23, 2014 1:34pm
Quoting TheScorpS
Heres EJ trade today, at the open of the entry candle, I was busy with work, and in a minute, the trade already gone 13 pips, but momentum at LO, so took the entry anway, closed for +40 I rather follow it, but on H1 EMA 200 and on Daily EMA 10, so I guess I need to modify my trading plan for momentum trading when PA hits these dynamic resistance or support {image}

Good trade TSS.
You held on to your belief in the 10EMA used in all timeframes and exited your trade when price reacted at the H1 200EMA equivalent to 10EMA on Day.
Despite missing the beakout trend, you traded according to your beliefs and trade plan.
That is discipline to follow your own system. Very important!

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,696
  • Oct 23, 2014 1:41pm Oct 23, 2014 1:41pm
Quoting Kouroushi
Today's attempts: Gold: TDI H1 + TDI H4 + Daily PA + H1 PA in agreement >>> Exited half at +30 pips EURUSD: News caused TDI shaped to buy >>> exited for lack of volatility >>> +5pips USDJPY: Entered after the big candle >>> exited for TDI Green becoming flat & lack of volatility >>> +3pips Please give your comment especially on EURUSD & USDJPY's entery & exit. Should I have entered them at all? Was exiting them the right decision? {image} {image} {image}
Hi Kouroushi,

Good trades as I see on your charts.
It is always the right decision when you followed your own trading rules for entry and exit.
Same 5-Method, but it's your own trading system not anyone else'.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,697
  • Oct 23, 2014 1:46pm Oct 23, 2014 1:46pm
Quoting omonisha
GBPNZD EURJPY {image} {image}

Wow! Two excellent trades, Omonisha.
Everything lined up so nicely the classic 5-Method.
And you just showed me how you pulled the trigger. I LIKE.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,698
  • Oct 23, 2014 1:59pm Oct 23, 2014 1:59pm
Quoting emmanuel7788
{quote} Hi Kouroushi, Good trades as I see on your charts. It is always the right decision when you followed your own trading rules for entry and exit. Same 5-Method, but it's your own trading system not anyone else'. regards,
Thank you Emmanuel
  • #42,699
  • Oct 23, 2014 2:26pm Oct 23, 2014 2:26pm
Quoting emmanuel7788
{quote} Hi Rob, You are welcome. I fully agree with you that Big E is an exceptional trader here in FF. He has many years of experience and tested the 5-Method and traded his method to suit his personlal trading style and his lifestyle. Every trader is different. Trading can be a very passionate thing as I read the posts here in FF. Lots of different views of the market, different beliefs about the market, etc. I am just sharing what I learned and what I do. My approach may not work for some people. I stick to my approach and always make a trade...
I would like to be able to look at a chart and think OK if it does this I will do that or if it does that I do this , and be prepared for confirmation by PA and TDI.
So I just try to be sure to learn a little more each day.
I was a bit unlucky today, went short GA with 50 TP ,missed by 2 pips and then stopped out at BE --Oh well , it happens .
And I was kept out of a good trade by this 'off exchange ' message -- was not pleased by that .
  • #42,700
  • Oct 23, 2014 6:34pm Oct 23, 2014 6:34pm
Quoting emmanuel7788
{quote} Wow! Two excellent trades, Omonisha. Everything lined up so nicely the classic 5-Method. And you just showed me how you pulled the trigger. I LIKE.
Thanks Big EMU for all your support and guidence
Sad i'm not trying to understand PA
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