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Trading Made Simple

  • #45,641
  • Dec 3, 2014 8:15am Dec 3, 2014 8:15am
Quoting lorbax
{quote} chopped up my trade in different partial closes as the chart was being a bit ranging for now ... (MBL flat around 60) here is what I did, showed on a 15minutes chart (just to see the orders) {image}

Panicked and jumped out with a profit of 3pips hehe - Its the taking part right! lol

Does my setup look ok as it says strong up on M15? SJ - have you setup too but like the banding to help but cant combine the 2 templates
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  • #45,642
  • Dec 3, 2014 8:21am Dec 3, 2014 8:21am
Quoting snarlyjack
{quote} WDays, Imho, a moving average, say the ema 8, will show you where the "value area" is. When you have a blank chart it is very hard to see where value is. Dean Malone's pac, shows you the value area. The value area is very important. Eelfranz did not use moving averages. He made all his trades off of the Tdi crosses. The value area is where price will go in & out of. Price is always very close to value. I want to know where the value area is.
Have to say this I like the look now I've cleaned them up. I'll see how I get on (perhaps all the arrows & indi's were an emotional prop?)
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  • #45,643
  • Dec 3, 2014 8:24am Dec 3, 2014 8:24am
Quoting twellve
{quote} Panicked and jumped out with a profit of 3pips hehe - Its the taking part right! lol Does my setup look ok as it says strong up on M15? SJ - have you setup too but like the banding to help but cant combine the 2 templates {image}
Twellve,

I don't trade that way. But if I did, I would put a
200 ema/close in just to see where the trend is.

I like to know if I'm making a trend trade or a counter trend trade.

Just a suggestion for you...

sj
  • #45,644
  • Dec 3, 2014 8:29am Dec 3, 2014 8:29am
Quoting fxray
{quote} Have to say this I like the look now I've cleaned them up. I'll see how I get on (perhaps all the arrows & indi's were an emotional prop?) {image}
Fxray,

That is looking a lot better!
Put in the Synergy Pro Dsr indicator.
The dsr gives us our level's that we target.
Both the dsr & asr give us our levels.
Levels (s/r) are super important! They are
our road map...

But it's looking 100% better...

sj
  • #45,645
  • Dec 3, 2014 8:37am Dec 3, 2014 8:37am
Quoting snarlyjack
{quote} Twellve, I don't trade that way. But if I did, I would put a 200 ema/close in just to see where the trend is. I like to know if I'm making a trend trade or a counter trend trade. Just a suggestion for you... sj

Thanks SJ - what is a 200ema?
  • #45,646
  • Dec 3, 2014 8:40am Dec 3, 2014 8:40am
Quoting snarlyjack
{quote} Fxray, That is looking a lot better! Put in the Synergy Pro Dsr indicator. The dsr gives us our level's that we target. Both the dsr & asr give us our levels. Levels (s/r) are super important! They are our road map... But it's looking 100% better... sj
Cheers SJ...will have to read up on how to understand the DSR ... I see how I get on. So easy to add more and more stuff but it will be pips that count in the end.
  • #45,647
  • Dec 3, 2014 8:41am Dec 3, 2014 8:41am
Quoting twellve
{quote} Thanks SJ - what is a 200ema?
exponential moving average
Risiko birgt immer auch die Chance.
  • #45,648
  • Dec 3, 2014 8:45am Dec 3, 2014 8:45am
Quoting twellve
{quote} Thanks SJ - what is a 200ema?
If you go to your moving average indicator, say a 8 ema.
Only use 200 ema.
If your trading towards the 200 ema, it's a counter trend trade.
If your trading away from the 200 ema it's a trend trade.

70% of counter trends trades do not work out for 1 reason or another.
30% of counter trend trades do work out.

You trade a trend trade differently than a counter trend trade.
If your new to trading I suggest that you take trend trades first,
then learn how to trade counter trend trades later.

It will make life easier for you
  • #45,649
  • Dec 3, 2014 9:22am Dec 3, 2014 9:22am
Quoting snarlyjack
{quote} If you go to your moving average indicator, say a 8 ema. Only use 200 ema. If your trading towards the 200 ema, it's a counter trend trade. If your trading away from the 200 ema it's a trend trade. 70% of counter trends trades do not work out for 1 reason or another. 30% of counter trend trades do work out. You trade a trend trade differently than a counter trend trade. If your new to trading I suggest that you take trend trades first, then learn how to trade counter trend trades later. It will make life easier for you

Thanks SJ - how do I change it - is there a guide somewhere?

Great advice as ever about trends - going with the trend - not good enough to do that!
  • #45,650
  • Dec 3, 2014 9:23am Dec 3, 2014 9:23am
Quoting snarlyjack
{quote} Fxray, That is looking a lot better! Put in the Synergy Pro Dsr indicator. The dsr gives us our level's that we target. Both the dsr & asr give us our levels. Levels (s/r) are super important! They are our road map... But it's looking 100% better... sj
Thanks for that post SJ, I have the S/R levels on but really haven't been paying to much attention to them. Shall do more in the future for TP levels. Thanks
  • #45,651
  • Dec 3, 2014 9:25am Dec 3, 2014 9:25am
Quoting twellve
{quote} Thanks SJ - how do I change it - is there a guide somewhere? Great advice as ever about trends - going with the trend - not good enough to do that!
Go to your indicators file and look for 'Moving Average' click to open and change setting to 200 and ema

Hope this helps
  • #45,652
  • Dec 3, 2014 9:27am Dec 3, 2014 9:27am
Quoting twellve
{quote} Thanks SJ - how do I change it - is there a guide somewhere? Great advice as ever about trends - going with the trend - not good enough to do that!
Hey Twellve. Go in to the Navigator, click on Moving Average, box will appear, change MA Method, and change Period to 200.
  • #45,653
  • Dec 3, 2014 9:33am Dec 3, 2014 9:33am
Quoting Fd7999
{quote} Thanks for that post SJ, I have the S/R levels on but really haven't been paying to much attention to them. Shall do more in the future for TP levels. Thanks
Fd7999,

Everyone in the world (institutions, banks, governments, traders) will look to see where the levels are.
We want to be in step with the "big guys". We know the big guys are watching & targeting
the different levels. So we must follow them & watch the different levels also.

Forex Factory has lot's of different forums on s/r levels. To further your education, I
would do a quick search on ff & read up on s/r levels. Trust me you will be glad
you did
  • #45,654
  • Dec 3, 2014 9:34am Dec 3, 2014 9:34am
Quoting fxray
{quote} Go to your indicators file and look for 'Moving Average' click to open and change setting to 200 and ema Hope this helps

Thanks Fxray - did it now need to work out if it goes over this what to do!
  • #45,655
  • Dec 3, 2014 9:38am Dec 3, 2014 9:38am
Quoting lorbax
EUR/AUD short on H4 @11.00 (GMT+1) Set my SL to BE+2 once reached +25 ... TP is around 1.4595 but I will check PA in the next hours... {image}
I took the same trade EA .. after 35 pips triggered SL to BE .( TP 65 ) demo


But here´s my GU H4 ..
when the price broke the 157 level strong , i triggered my SL to BE TP is around the last swing high ( + 75 ) demo

Guido
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Risiko birgt immer auch die Chance.
  • #45,656
  • Dec 3, 2014 9:40am Dec 3, 2014 9:40am
Quoting twellve
{quote} Thanks Fxray - did it now need to work out if it goes over this what to do!
I use the 200 ema on Daily & 4 hr charts to determine trend. 'The trend is your friend' If candles are below 200 look to be in sell trades away from the 200 and the reverse for buys. Buying/selling with the trend is less risky
  • #45,657
  • Dec 3, 2014 9:43am Dec 3, 2014 9:43am
Quoting Sesamstrasse
{quote} I took the same trade EA .. after 35 pips triggered SL to BE .( TP 65 ) demo But here´s my GU H4 .. when the price broke the 157 level strong , i triggered my SL to BE TP is around the last swing high ( + 75 ) demo Guido {image}
I took the same trade... pretty much same TP too.
I have my SL to BE.

I'm in with two different orders, and set different TPs, few pips a part ...

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Lorenzo
  • #45,658
  • Dec 3, 2014 9:46am Dec 3, 2014 9:46am
Quoting fxray
{quote} I use the 200 ema on Daily & 4 hr charts to determine trend. 'The trend is your friend' If candles are below 200 look to be in sell trades away from the 200 and the reverse for buys. Buying/selling with the trend is less risky

I use the Ma a different way . No need to trade only long above and short below the MA , IMO.
the same like the MTF TDI .. I like it , because I can expect larger exits with a higher TF confirmation .
Of course you can expect more pips with the trend ..
But in that case you´ll miss valid entries by " Big E " .. and I´m fine with 50-70 pips a trade , what I expect in a h4 entry .
.. but I´m new to TMS .. may be I´ll change my mind with more experience .. for the first 2 months in a demo , I´m both months in profit .
Guido
Risiko birgt immer auch die Chance.
  • #45,659
  • Dec 3, 2014 9:48am Dec 3, 2014 9:48am
Quoting snarlyjack
{quote} If you go to your moving average indicator, say a 8 ema. Only use 200 ema. If your trading towards the 200 ema, it's a counter trend trade. If your trading away from the 200 ema it's a trend trade. 70% of counter trends trades do not work out for 1 reason or another. 30% of counter trend trades do work out. You trade a trend trade differently than a counter trend trade. If your new to trading I suggest that you take trend trades first, then learn how to trade counter trend trades later. It will make life easier for you

Does this look right SJ Fxray FD7999 - yellow dashes?
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  • #45,660
  • Dec 3, 2014 9:49am Dec 3, 2014 9:49am
Quoting Sesamstrasse
{quote} I use the Ma a different way . No need to trade only long above and short below the MA , IMO. Of course you can expect more pips with the trend .. But in that case you´ll miss valid entries by " Big E " .. and I´m fine with 50-70 pips a trade , what I expect in a h4 entry . .. but I´m new to TMS .. may be I´ll change my mind with more experience .. for the first 2 months in a demo , I´m both months in profit . Guido
I'm still learning the TMS so being more conservative even in demo but can see how your GU trade worked for you, which I find very helpful. I will experiment more with this type of trade and see how i get on.
Many thanks
Ray
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