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Trading Made Simple

  • #47,701
  • Dec 26, 2014 5:32am Dec 26, 2014 5:32am
Quoting griffinssoul
{quote} Congrats adikashyap - just a beautiful trade mate!!!
Thanks ... Trying to catch up with you guys ....
  • #47,702
  • Dec 26, 2014 5:35am Dec 26, 2014 5:35am
Quoting adikashyap
{quote} Thanks ... Trying to catch up with you guys ....
You are doing a great job of it - keep going!!!
  • #47,703
  • Dec 26, 2014 5:45am Dec 26, 2014 5:45am
Quoting griffinssoul
GN +30pips : 1H(cross)/4H : a great trade ( this means the previous trade was part of a break-out fake-out) - PA near BRN (i mean really big!) ... also have similar trade for GA currently +10pips... just missed TP as it bounced off RN... {image}
Nice trading mate hope to start from next week
Sad i'm not trying to understand PA
  • #47,704
  • Dec 26, 2014 5:58am Dec 26, 2014 5:58am
Quoting omonisha
{quote} Nice trading mate hope to start from next week
Thanks omonisha - i am just going through the motions to keep the machine well oiled for the New Year! Hope you are relaxed and enjoying your holidays
  • #47,705
  • Dec 26, 2014 9:12am Dec 26, 2014 9:12am
I hope everyone had a great Christmas

This next video is for the race lovers with a pretty
good song...

It is filmed at the "Isle of Man" which is right outside of England.

Enjoy.

sj

Inserted Video
  • #47,706
  • Dec 26, 2014 9:25am Dec 26, 2014 9:25am
Quoting griffinssoul
{quote} Thanks omonisha - i am just going through the motions to keep the machine well oiled for the New Year! Hope you are relaxed and enjoying your holidays
Very good luck mate in coming every year
Sad i'm not trying to understand PA
  • #47,707
  • Dec 26, 2014 9:43am Dec 26, 2014 9:43am
Does anyone use a script to close all open orders when a certain amount of pips total from pairs are reached?
  • #47,708
  • Dec 26, 2014 10:29am Dec 26, 2014 10:29am
Quoting snarlyjack
I hope everyone had a great Christmas This next video is for the race lovers with a pretty good song... It is filmed at the "Isle of Man" which is right outside of England. Enjoy. sj https://www.youtube.com/watch?v=QVPFg8_JdlM

that was awesome !!!
  • #47,709
  • Dec 26, 2014 11:09am Dec 26, 2014 11:09am
Hi, everyone

I've been searching for the parameters for the Price Action Channel. So far, I've found 5 ma smoothed high and 5 ma smoothed low. I'm guessing it's applied to close (that would make sense), and shift 1. Anybody know?
  • #47,710
  • Dec 26, 2014 11:22am Dec 26, 2014 11:22am
Quoting mary4x
Hi, everyone I've been searching for the parameters for the Price Action Channel. So far, I've found 5 ma smoothed high and 5 ma smoothed low. I'm guessing it's applied to close (that would make sense), and shift 1. Anybody know?

The the "apply to" part is to the "high" and the "low". "Close" is within that same drop down list.



  • #47,711
  • Dec 26, 2014 11:53am Dec 26, 2014 11:53am
Quoting mary4x
Hi, everyone I've been searching for the parameters for the Price Action Channel. So far, I've found 5 ma smoothed high and 5 ma smoothed low. I'm guessing it's applied to close (that would make sense), and shift 1. Anybody know?
Hi Mary,
These are Dean Malone's settings:

smoothed 5 shift 1 low.
smoothed 5 shift 1 high.

Beautiful day in Montana

sj
  • #47,712
  • Dec 26, 2014 12:14pm Dec 26, 2014 12:14pm
Greetings all,

Newbie Forex trader here. I've been experimenting with this method with some success and some failures. I actually made a trade with a pretty good result (demo account). The image below shows where I went short (blue line) and where my S/L and T/P lines are. This trade resulted in +49 pips.

That being said, I seem to be having trouble making profit on pairs with large spreads. Would any of the seasoned vets here recommend sticking with EURUSD or exploring other pairs?

Edit: Oops, also wanted to mention I use the Japanese Candles because I understand them better. Should I switch back to HA's?
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-12-26 EURUSD TP 01.png Size: 20 KB
  • #47,713
  • Edited 1:52pm Dec 26, 2014 12:19pm | Edited 1:52pm
I have seen a few questions about what pairs are most popular with the TMS followers, so I thought I would share my simple attempt at determining these pairs by frequency of occurrence (using full pair name) in the TMS thread. I can think of many reasons this methodology would not be considered robust, so please consider the result a basic measure of interest.
Attached Image
  • #47,714
  • Dec 26, 2014 12:34pm Dec 26, 2014 12:34pm
Quoting emmanuel7788
{quote}...What is more important is to read eelfranz posts which he shared and answered many questions on the 5-Method and also his 21/233 Method up to that time when he moved the 5-Method discussions to this new Trading Made Simple thread so that we only shared and discuss the 5-Method trading...
Quoting sknight1
{quote}...Did you know that none of the links that BigE provided in that thread work anymore....???
There is a 5-Method, Word document attached to this thread on post #2,571 that may be helpful:
Quoting otiose
...many seems to be asking the same question over and over again without reading the earlier posts. Took the liberty to compile the posts from the previous Craig Harris Thread post 202 onwards into a Doc file for your reading pleasure...{file}
  • #47,715
  • Dec 26, 2014 3:46pm Dec 26, 2014 3:46pm
Quoting albuquettes
Greetings all, Newbie Forex trader here. I've been experimenting with this method with some success and some failures. I actually made a trade with a pretty good result (demo account). The image below shows where I went short (blue line) and where my S/L and T/P lines are. This trade resulted in +49 pips. That being said, I seem to be having trouble making profit on pairs with large spreads. Would any of the seasoned vets here recommend sticking with EURUSD or exploring other pairs? Edit: Oops, also wanted to mention I use the Japanese Candles because...
Hi albuquettes, well done! Yes, i suggest using HA candles (or the similar APB) - the basic reasons are (at least) two-fold : everyone else uses them (makes it easier for seniors to analyze your charts) and you need them for the method (they play a part in the rules). There are other reasons but this is a good start. Yes, i tend to stick to major pairs with low spreads but i have just seen a list in the previous post worth looking at. With your EU trade, are you sure that is not 49 pipettes? (do you have a 5 digit broker?) Keep going!!!
  • #47,716
  • Dec 26, 2014 3:56pm Dec 26, 2014 3:56pm
Quoting steadyrandy
I have seen a few questions about what pairs are most popular with the TMS followers, so I thought I would share my simple attempt at determining these pairs by frequency of occurrence (using full pair name) in the TMS thread. I can think of many reasons this methodology would not be considered robust, so please consider the result a basic measure of interest. {image}
Hi steadyrandy, thank you for the post - this is interesting. Could you please describe what you did to get these results. I am guessing you downloaded all posts and then ran some program to count the number of times each pair was written down by members??? Would it be a stretch to include if they were wins / losses for a given year...
  • #47,717
  • Edited 5:24pm Dec 26, 2014 4:40pm | Edited 5:24pm
Quoting griffinssoul
{quote}...thank you for the post...Could you please describe what you did to get these results. I am guessing you downloaded all posts and then ran some program to count the number of times each pair was written down by members???
You are welcome!
I kept it very simple. I just put each pair (e.g., EURUSD) in the Search This Thread box, and ordered the frequency of post occurrences. I did not include any results for EU-type or UCad-type formats. There is no accounting for what might have been popular when the thread started vs now...differences in favorites of 1H vs 4H vs Daily traders. I would expect that Seniors are frequently stating what their pairs are when asked...all kinds of methodology problems.
Quoting griffinssoul
{quote}Would it be a stretch to include if they were wins / losses for a given year...
I am not sure how I would get at this. It would likely be a tedious qualitative (inferential) study. I don't think most people are being all that clear in their posts about performance for the year. It would probably be more direct to start a survey for this type of info, but I have not seen that functionality in FF.
  • #47,718
  • Dec 26, 2014 6:55pm Dec 26, 2014 6:55pm
Quoting griffinssoul
{quote} Hi albuquettes, well done! Yes, i suggest using HA candles (or the similar APB) - the basic reasons are (at least) two-fold : everyone else uses them (makes it easier for seniors to analyze your charts) and you need them for the method (they play a part in the rules). There are other reasons but this is a good start. Yes, i tend to stick to major pairs with low spreads but i have just seen a list in the previous post worth looking at. With your EU trade, are you sure that is not 49 pipettes? (do you have a 5 digit broker?) Keep going!!!...
​ Thanks for the advice! I've read up a little bit on HAs and I guess they actually are easier to understand than traditional candles. asked yes I think you're right about the pipettes. I suppose the next step is to get better at recognizing and getting in on the signals.
  • #47,719
  • Dec 26, 2014 7:03pm Dec 26, 2014 7:03pm
Thanks for confirming the PAC settings, SJ.
  • #47,720
  • Dec 26, 2014 8:17pm Dec 26, 2014 8:17pm
Quoting snarlyjack
Nods80, Thank you! Don't forget Lastingwell. Lastingwell is one of the best traders that I have ever met. I trust her 100% with my life & money. Their are only so many super traders in the world and she is among them. I'll tell you a secret, Lastingwell is way better than Eelfranz ever hoped to be and we are very lucky she is here! Trust me on this!!! By the way we will teach you how to trade
Hi, Snarly;

Was reading from the 1st - 200 pages and saw your name among one of the earliest players and amazingly to know you are still here for helping newbies. I also want to learn TMS and am studying the 5M-discussion from the post. Just want to say "Thank you" for so many good people maintaining this great thread.

yao
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