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Trading Made Simple

  • #49,081
  • Jan 8, 2015 3:31am Jan 8, 2015 3:31am
Quoting likica
{quote} well done Next, I have not had any from EA today yet
I owe it all to people like you, lastinwell, SJ and many more that have inspired me. Thank you.
  • #49,082
  • Jan 8, 2015 3:31am Jan 8, 2015 3:31am
Quoting huatboyz
Hi All, Is it a valid TDI setup? {image}
Price is going against me..
Pips Collector EA, No Martingale, No Grid
  • #49,083
  • Jan 8, 2015 3:32am Jan 8, 2015 3:32am
Quoting emmanuel7788
{quote} Hi shabba, I don't know for sure what will happen tomorrow. But what I like to see is that GU,GN,GA,GC and GJ will make a Jan month low this month. Today I buy EURGBP. If you are an investor, this is what I will do. Look at the these Monthly charts. Draw a line where Jan 2015 open. That will be our Year Open. Every month I keep watch. When the market reverses after it made its Year Low and move back up above the Year Open, I will buy. 2015 will be no different from any other previous years, There will be big events which will make history....
Thank you for clearing that up for me.

But why buy eurgbp now when it opened the year at 0.7765 ?
Let me get this clear: you buy after it reversed from the low point above the opening of january ? only then you can be certain that will rise? ( i'am asking because i had gn,gu,gj from the before 2014 ended and i couldnt reach a computer/phone after 1st of january and after the mudslide for all 3 im in a big big loss, didnt had sl or anything bc i thought they closed, and yesterday was too late to do anything , now im trying to manage what i have, or should i take the loss? )

And i'm hoping for a reversal asap, that's why i was asking for a hint on where it might get back up......atleast 1 of them
I need atleast 50% reversal form the 2nd of january for all 3 of them.----is this a shot in the dark ?

Any help is a brick to my future.
If you want to make God laugh, tell him about your plans. Woody Allen
  • #49,084
  • Jan 8, 2015 3:36am Jan 8, 2015 3:36am
Quoting emmanuel7788
{quote} I added on one position when LO and now have a average entry price for both trades. Running in profit now. This is D chart trading for those who do no have time to trade during the day because of your full time day job. You can trade any time of the day when you have access to your trading broker. Next setup, wait for NYO and manage the open positions. {image}
This makes a lot of sense and mitigates risk. A trading style I want to learn because I have a full time job too. I missed the boat with adding to the position. I gusess this style is dependent on being around for LO, NYO and Tokyo Opens.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #49,085
  • Jan 8, 2015 3:37am Jan 8, 2015 3:37am
So yesterday evening I was checking the charts; on my list I have AUDUSD, EURAUD & GBPAUD.

I saw on AUDUSD a nice buy opportunity, but it was against the 200ema and guppy's. So I checked EURAUD & GBPAUD: on both I got a Sell signal, favoring the ema200 and guppy's. So although AUDUSD was against the ema and guppy's it looked pretty strong to me.

As I am still learning, I took all 3 trades. Set the "emergency stops" at the latest swing high/low, using 2% max los per trade. I have set the Take Profit the same size as the stoploss.
Lessons learned: do not set the take profit, could have made a lot more pips.

Again during my sleep all trades hit Take Profit. So in all it was a 6% profit on my account.

Now my question:
As these pairs move similar to each other, I have tripled my risk by taking all 3 trades. How would you guys would have trade these pairs? Like me, trade all of them because on each one there was a signal present. Or pick the pair with the most strongest signal and only trade this one?
Attached Images
  • #49,086
  • Jan 8, 2015 3:38am Jan 8, 2015 3:38am
Quoting erelation
Multiple entry for eurjpy short as the action candle is too big... add more entry when it retrace upside. {image}
good shot. it s reaching DOL... watch out
Appreciation is the key to wealth and happiness
  • #49,087
  • Jan 8, 2015 3:45am Jan 8, 2015 3:45am
Quoting erelation
Multiple entry for eurjpy short as the action candle is too big... add more entry when it retrace upside. {image}
what would be be an good re-entry point ?

I entered 180.496....first when it crossed.

Quoting likica
{quote} good shot. it s reaching DOL... watch out
DOL ? what is this ?
If you want to make God laugh, tell him about your plans. Woody Allen
  • #49,088
  • Edited 4:01am Jan 8, 2015 3:46am | Edited 4:01am
Quoting likica
{quote} nice Ss. Imagine having it on live acct
Ooh , I have a green live acc , where I trade trade the " dance / choros " system .
I´m collecting more and more confidence in TMS , what is much more stressless .... yes much more halleluja !

I´m sure until the end of the year I m also live with tms..may be much earlier .
But both systems have their own advantage ..
Specially the H4 and daily charts are sooooooooooooooooo nice with TMS ..
But earliest , when I produce stable green pips for a while , I ll add it to my liveacc.

The reason for it is : there will also bad days / weeks come .
If I ´m not confident enough then , it´ll tease my mind more and more than needed .
Trading is a marathon .. if I run the first 100 meters below 10 seconds, nobody will give me a dime for it .

But alll in all I´m really happy with the system and specially with the senior members here in this thread.
They explain very well their different reasons for entries ( by the rules , but different style )
I´m still on the way to figure out my style ( with guppies or without.. old TDI or the synergy pro one .moving averages ... timeframes..+ stoch indi or not..... and so on )
So I´ll take my time to make it work " my style " and then I´ll go for marathon hehehehe
Risiko birgt immer auch die Chance.
  • #49,089
  • Jan 8, 2015 3:48am Jan 8, 2015 3:48am
Quoting Marin0s
So yesterday evening I was checking the charts; on my list I have AUDUSD, EURAUD & GBPAUD. I saw on AUDUSD a nice buy opportunity, but it was against the 200ema and guppy's. So I checked EURAUD & GBPAUD: on both I got a Sell signal, favoring the ema200 and guppy's. So although AUDUSD was against the ema and guppy's it looked pretty strong to me. As I am still learning, I took all 3 trades. Set the "emergency stops" at the latest swing high/low, using 2% max los per trade. I have set the Take Profit the same size as the stoploss. Lessons learned:...
I have trouble setting tp/sl,
Can you explain a lil bit how you set them ?
Wehn you say "latest swing high/low" you refer at last candles high low ? or the last peak?

if i wore to enter now on Ausd, on sell, i would set sl at 0.8155 aprox ?
Or please show where you put them on your chart, the above one.

Thank you
If you want to make God laugh, tell him about your plans. Woody Allen
  • #49,090
  • Jan 8, 2015 3:55am Jan 8, 2015 3:55am
Quoting shabba
{quote} I have trouble setting tp/sl, Can you explain a lil bit how you set them ? Wehn you say "latest swing high/low" you refer at last candles high low ? or the last peak? if i wore to enter now on Ausd, on sell, i would set sl at 0.8155 aprox ? Or please show where you put them on your chart, the above one. Thank you
Sure no problem! I am also still working on it! Yellow lines are were I put the Stop Loss, in these trades the Take Profit are the same size as SL.
But for my next trades I will leave my TP open and will exit if I see the TDI change.
Attached Images
  • #49,091
  • Jan 8, 2015 3:59am Jan 8, 2015 3:59am
Quoting emmanuel7788
{quote} Hi wyley, I use 3 engulfing candles to define a Master Candle for TMS trading. I limit my bar patterns to maximum three, that's more than my eyes can handle and to keep things simple. There are others - using 4 and 5 engulfing candles. But the frequency of 3-engulfing bars are much more on most charts. Also note that the 4th and 5th bars after the 3rd are often false breakouts. There are some materials posted by other rmembers on Master Candle, just use the keyword 'Master Candle' search. regards,

Hi Emmanuel, I noticed you user the Master Candle, do you go and take trades on the 4th and 5th candle? I read on the forums that you can start looking at at trades after 4 candles form to create the master candle. Then you start looking for your break out bar. b1 b2 b3, once it breaks out you take profits. How do you trade it and what do you look forward too? Also I found this indicator. let me know if it's something I can use or just focus on looking at the charts and spotting my own Master candle setup.

Thank you.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #49,092
  • Jan 8, 2015 4:00am Jan 8, 2015 4:00am
how far can EU go?
Attached Image (click to enlarge)
Click to Enlarge Name: 8.1.15 EU m30 h1 short in good progress.png Size: 114 KB
Appreciation is the key to wealth and happiness
  • #49,093
  • Jan 8, 2015 4:03am Jan 8, 2015 4:03am
Quoting shabba
{quote} I have trouble setting tp/sl, Can you explain a lil bit how you set them ? Wehn you say "latest swing high/low" you refer at last candles high low ? or the last peak? if i wore to enter now on Ausd, on sell, i would set sl at 0.8155 aprox ? Or please show where you put them on your chart, the above one. Thank you
for take profit I use the auto pivot weekly and take profits that way. It's worked for me since I started using it. It's sort of a finish line to take profit and not wait for a miracle.
Attached File(s)
File Type: ex4 Auto-Pivot_Plotter_Weekly_V2__1.ex4   17 KB | 346 downloads
Positive anything is better than negative thinking.- Elbert Hubbard
  • #49,094
  • Jan 8, 2015 4:04am Jan 8, 2015 4:04am
Quoting likica
how far can EU go? {image}
A bit further I hope. I'm 40 green with a tp at 1.17525
Intelligence is the ability to adapt to change. Stephen Hawking
  • #49,095
  • Jan 8, 2015 4:05am Jan 8, 2015 4:05am
Quoting emmanuel7788
{quote} I added on one position when LO and now have a average entry price for both trades. Running in profit now. This is D chart trading for those who do no have time to trade during the day because of your full time day job. You can trade any time of the day when you have access to your trading broker. Next setup, wait for NYO and manage the open positions. {image}
Will you take profit at 1.45 or let it run until NYO?
Positive anything is better than negative thinking.- Elbert Hubbard
  • #49,096
  • Jan 8, 2015 4:06am Jan 8, 2015 4:06am
Quoting redcloudxlll
{quote} Hi Emmanuel, I noticed you user the Master Candle, do you go and take trades on the 4th and 5th candle? I read on the forums that you can start looking at at trades after 4 candles form to create the master candle. Then you start looking for your break out bar. b1 b2 b3, once it breaks out you take profits. How do you trade it and what do you look forward too? Also I found this indicator. let me know if it's something I can use or just focus on looking at the charts and spotting my own Master candle setup. Thank you.
Hi Redcloud I love the quote in your footer.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #49,097
  • Jan 8, 2015 4:07am Jan 8, 2015 4:07am
Quoting nods80
{quote} A bit further I hope. I'm 40 green with a tp at 1.17525
it 'kissed' me out for +50green
Appreciation is the key to wealth and happiness
  • #49,098
  • Jan 8, 2015 4:08am Jan 8, 2015 4:08am
Quoting redcloudxlll
{quote} for take profit I use the auto pivot weekly and take profits that way. It's worked for me since I started using it. It's sort of a finish line to take profit and not wait for a miracle. {file}
what way ?

I put it in mt4 and it shows like this....how can i setup sl tp based on that they are both on the same side of the price....
Attached Image (click to enlarge)
Click to Enlarge Name: plotter.png Size: 72 KB
If you want to make God laugh, tell him about your plans. Woody Allen
  • #49,099
  • Jan 8, 2015 4:11am Jan 8, 2015 4:11am
Quoting shabba
{quote} what would be be an good re-entry point ? I entered 180.496....first when it crossed. {quote} DOL ? what is this ?
DOL = Daily Open Line. EJ went thru safely, GJ got rejected
Appreciation is the key to wealth and happiness
  • #49,100
  • Jan 8, 2015 4:14am Jan 8, 2015 4:14am
Quoting nods80
{quote} Hi Redcloud I love the quote in your footer.
Thank you.
Positive anything is better than negative thinking.- Elbert Hubbard
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