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Trading Made Simple

  • #48,961
  • Jan 7, 2015 11:40am Jan 7, 2015 11:40am
Quoting forexday
Just a quick question... When an indi is posted in both formats i.e. the ex4 and mq files, does this mean we have to insert both formats into our mt4, or do we only use one of them? Thanks for our help guys.
Any one will work. mq4 file is the source code. If any one wants to personalize it with some changes like colour period or any other thing can be done with the mq4 file. ex4 file wont allow that.
Sad i'm not trying to understand PA
  • #48,962
  • Jan 7, 2015 12:08pm Jan 7, 2015 12:08pm
Quoting omonisha
{quote} Any one will work. mq4 file is the source code. If any one wants to personalize it with some changes like colour period or any other thing can be done with the mq4 file. ex4 file wont allow that.
thanks mate.
  • #48,963
  • Jan 7, 2015 12:10pm Jan 7, 2015 12:10pm
+13 from 10 minutes ago.....
Is it a good angle ?
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If you want to make God laugh, tell him about your plans. Woody Allen
  • #48,964
  • Jan 7, 2015 12:20pm Jan 7, 2015 12:20pm
Quoting shabba
+13 from 10 minutes ago..... Is it a good angle ? {image}
]
Hi shabba im a new here too so im only learning myself but, it looks a good angle to me but the only thing I would say is, i looked at taking that trade but I didn't take it as it was against the trend, turned out ok for you so great, but I prefer to trade with the trend, perhaps one of the more experienced guys could comment, cheers m
  • #48,965
  • Jan 7, 2015 12:28pm Jan 7, 2015 12:28pm
Quoting shabba
+13 from 10 minutes ago..... Is it a good angle ? {image}
Shabba,

To me this would not be a valid entry... look left young man, what do you see? I see a very obvious down trend. that resembles a mudslide.. higher probability way to play it would be let that price retrace back to that pivot level you have marked on your chart and hope we get a nice PA signal with TMS confluence and sell short with the momentum.
  • #48,966
  • Jan 7, 2015 12:29pm Jan 7, 2015 12:29pm
Quoting montego
{quote}] Hi shabba im a new here too so im only learning myself but, it looks a good angle to me but the only thing I would say is, i looked at taking that trade but I didn't take it as it was against the trend, turned out ok for you so great, but I prefer to trade with the trend, perhaps one of the more experienced guys could comment, cheers m
So it's better to go with the trend ? didn't think about that until now.....so TMS works better with the trend ?
If you want to make God laugh, tell him about your plans. Woody Allen
  • #48,967
  • Jan 7, 2015 12:31pm Jan 7, 2015 12:31pm
Quoting shabba
+13 from 10 minutes ago..... Is it a good angle ? {image}

Take a look at this Post 48,913 from earlier.

It's not only about the slope of any Indicator, you might be using, your first priority is which way is it Trending.

Anyway look at the above post and see if you can make sense of it.

GBP/USD has just Pulledback to the 1.51RN could be a good place to start looking for Bearish Setups to go Short with the prevailing Trend.
  • #48,968
  • Jan 7, 2015 12:31pm Jan 7, 2015 12:31pm
Quoting shabba
{quote} DId it, thanks. i finally realised. The general rule is ? What should i look for ? Thnks
Guppy's show the strength of the trend. The wider apart the lines the stronger the trend - trading with the trend is safer.

Ray
  • #48,969
  • Jan 7, 2015 12:47pm Jan 7, 2015 12:47pm
Quoting shabba
{quote} So it's better to go with the trend ? didn't think about that until now.....so TMS works better with the trend ?
Shabba,

Hey pal, yeah, well if we take a moment and think about it logically without any skin in the game I think we can help clear this up for you.
If you and and I are going to swim and we decide to race each other. Only, I am swimming against the current and you are swimming with the current and I told an outsider to bet money on the outcome, which would they chose and why?. I would certainly be staking the swimmer who is going with the current not against it.

So if we were apply this to trading, if we look at your chart, where it looks like over the past couple of days price has been being sold off, pretty obviously down trend a it looks like a downhill ski slope, why would you trade against that momentum? Yes, price could retrace 9002139023 pips up, however, high probability is what we want and if we look at any long trade over the past couple of days on your chart, looks pretty risky doesn't it? Key is your not trading "TMS" your trading Price Action with TMS confluence, look at good traders here (there are a lot) you can learn a lot from their past charts.

Good Luck!
  • #48,970
  • Jan 7, 2015 1:09pm Jan 7, 2015 1:09pm
Quoting shabba
{quote} So it's better to go with the trend ? didn't think about that until now.....so TMS works better with the trend ?
Shabba - The trend is your friend
  • #48,971
  • Jan 7, 2015 1:56pm Jan 7, 2015 1:56pm
What news is coming out of the US just now? It seems to have caused a shift in direction.
  • #48,972
  • Jan 7, 2015 2:10pm Jan 7, 2015 2:10pm
Quoting crispy
What news is coming out of the US just now? It seems to have caused a shift in direction.
FOMC Meeting minutes.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #48,973
  • Jan 7, 2015 2:14pm Jan 7, 2015 2:14pm
FOMC Interest Rate decision minutes - Fed unlikely to raise rates before April - very wary of the growing threat of inflation. Best advice though, is that this news is quickly absorbed into the APB's. Trade the PA and follow APB's and you will find it an easier process to find valid trade entries.
  • #48,974
  • Jan 7, 2015 2:16pm Jan 7, 2015 2:16pm
Quoting erelation
{quote} The day just started at my side... 9.56am and you have over 200pips... wow...
Thats only for this trading W1 erelation Congrats on your trades mate
  • #48,975
  • Jan 7, 2015 2:21pm Jan 7, 2015 2:21pm
Quoting sknight1
{quote} Hey nods, where've you been ? Hyde Park ?
  • #48,976
  • Jan 7, 2015 2:21pm Jan 7, 2015 2:21pm
A big THANK YOU ! to all that explained me why is better to trade with the trend and why a trade has bigger % to be succsessfull like that.

I have read again the first pages of this thread ( last time was in 2011) and Big E. said that he traded at night only 4h, what interval was he talking about ? He was reffering to London openning ?
If you want to make God laugh, tell him about your plans. Woody Allen
  • #48,977
  • Jan 7, 2015 2:23pm Jan 7, 2015 2:23pm
Quoting sknight1
{quote} Mmmmm, yep ! Naked charts only, just like what you've seen me post. I just had a visit with my trading mentor today, Rick G, of ProTraderNetwork, talk about how for whatever reason "my eye" sees a regular candle chart with no TDI better than the HA+TDI combination. I've lost a lot of $$$ trying to trade off of the other and it just hasn't worked for me. But, as I've said, I won't inundate BigE's TMS thread with naked charts. I certainly don't want to distract newcomers from learning a trading method / system that could potentially work very...
Actually, your charts are very useful to noobs - they can learn PA properly so i see this as an important contribution to the thread
  • #48,978
  • Jan 7, 2015 2:24pm Jan 7, 2015 2:24pm
Quoting nods80
{quote} Not for a couple of weeks now. just been swamped with work and recovering from man flu. You been on fire.
Hope youre feeling better mate... great to have you back in action
  • #48,979
  • Jan 7, 2015 2:27pm Jan 7, 2015 2:27pm
Quoting TheScorpS
{quote} Hang in there buddy u certainly teaching others even with u r naked chart. Nice to hear u r recovering
  • #48,980
  • Jan 7, 2015 2:32pm Jan 7, 2015 2:32pm
Quoting cristy1980
{quote} Thx Griff.... the graphs were a little crowded due to the fact that a put (for test of course) the DOTS levels from Dean Malone system; for the situation of yesterday the levels were very accurate, so for someone with no exp in the business or lazy , the system could be very fantastic. The problem as I see it, the system it''s good for fast time frames, due to very narrow TP levels, gives you around of 30 - 40pips based on the volatility of the cross. So as an analyse, I used MTF (all shown down move so sell!!) the TDI MBL in Sell zone,...
Great trading cristy1980 Yeah, Dean Malone is a great trader (he looks a bit and sounds like Nicolas Cage... LOL!)... problem is you can only fit so much on one chart... LOL... hmmm more monitors hey... LOL
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