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Trading Made Simple

  • #50,701
  • Jan 21, 2015 1:36pm Jan 21, 2015 1:36pm
Quoting cigarguy
{quote} SJ, With your Daily chart trades, are you using S&R for stop losses and targets kinda of a set and forget? I ask because I usually trade lower t/f's M15 and M30 and watch closely....... Regards, Cigarguy
Cigarguy,

Yes, I look at s/r levels, "Sup/Dem Mod" that Lastingwell
posted is very good. Plus the Synergy Asr/Dsr levels.
Plus the Dots levels. I like to use levels as targets &
how much room their is in a trade. I will also look at
the levels for my stop placement. I try to reduce my
risk as much as possible.

I thought this monthly eur/usd chart was interesting.
Going back to 2002. Just to take a really long term look
at things. And go hmmm...

sj
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDMonthly.png Size: 68 KB
  • #50,702
  • Jan 21, 2015 1:37pm Jan 21, 2015 1:37pm
Quoting fxray
{quote} Hi wyley187 - ... load all the synpro indi's into your indicator file even if you do not need/use them all. It also makes the SynPro trade alert work as well. {file}
Ray, if I open the zip, I see a list of about 17 "Synergy_..." files. Do I save them one by one? Or if a click "Save" rather than "Open" does that save them all at once in the indicators file? Or to desktop?
  • #50,703
  • Jan 21, 2015 1:37pm Jan 21, 2015 1:37pm
Quoting snarlyjack
{quote} Nods, Congrat's on your trades! Keep on trucking...their are going to be more pips coming up sj
Thanks SJ and Next4467.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #50,704
  • Jan 21, 2015 1:40pm Jan 21, 2015 1:40pm
Quoting mordin
I wanted to give a try to the guppy, and I downloaded a couple of indicators, "GMMA Short" and "GMMA Long". Which one should I use? I mostly trade 4H, perhaps daily in the future.
Mordin,

I use the long term guppy's (ema/close 30,35,40,45,50,55 &60).
For the short term guppy's (I don't use). I use the pac instead.
The pac imho, gives you better information. When price is in
the pac, or on either side of the pac, it gives you more information.
Trend, exit, entry, choppiness, consolidation...

sj
  • #50,705
  • Jan 21, 2015 1:41pm Jan 21, 2015 1:41pm
Quoting snarlyjack
{quote} Cigarguy, Yes, I look at s/r levels, "Sup/Dem Mod" that Lastingwell posted is very good. Plus the Synergy Asr/Dsr levels. Plus the Dots levels. I like to use levels as targets & how much room their is in a trade. I will also look at the levels for my stop placement. I try to reduce my risk as much as possible. I thought this monthly eur/usd chart was interesting. Going back to 2002. Just to take a really long term look at things. And go hmmm... sj {image}
sj,

Are you using a 1:1 RR or just S & R with no set RR trading with the daily t/f? I ask having been a scalper myself for many years trading lower t/f's.

Regards,
Cigarguy
Keep It Simple
  • #50,706
  • Jan 21, 2015 1:44pm Jan 21, 2015 1:44pm
Quoting snarlyjack
{quote} Mordin, I use the long term guppy's (ema/close 30,35,40,45,50,55 &60). For the short term guppy's (I don't use). I use the pac instead. The pac imho, gives you better information. When price is in the pac, or on either side of the pac, it gives you more information. Trend, exit, entry, choppiness, consolidation... sj
Thank you very much for your input. Do you mean that you just use that ema's (moving average indicators)? I'm confused because the "gmma long" indicator I downloaded doesn't allow to customize anything but the color.
Had to be me. Someone else might have gotten it wrong.
  • #50,707
  • Jan 21, 2015 1:54pm Jan 21, 2015 1:54pm
Quoting mary4x
{quote} Ray, if I open the zip, I see a list of about 17 "Synergy_..." files. Do I save them one by one? Or if a click "Save" rather than "Open" does that save them all at once in the indicators file? Or to desktop?
Hi mary4x

Once you have opened the zip files, I just ceated a new folder on my desktop to put them in. From there I just copy/paste them into my MT4 indicator file.

On the MT4 platform - click 'File' - 'Open data folder' click MQL4 folder - Click 'Indicators' copy copy paste download files into here.

Hope this helps

Ray
  • #50,708
  • Jan 21, 2015 1:57pm Jan 21, 2015 1:57pm
Quoting cigarguy
{quote} sj, Are you using a 1:1 RR or just S & R with no set RR trading with the daily t/f? I ask having been a scalper myself for many years trading lower t/f's. Regards, Cigarguy
Cigarguy,

Because of where I live (west coast USA) I use more of
a time requirement. I place my trades at 11:00 p.m. my
time. Go to sleep & check the trades at 6-7:00a.m. when I
get up.

The r1,r2,r3...I would end up sleeping through them anyway,
so I pay no attention to them. I take what the market gives
me but for the most part it's always profitable.

The daily chart is very accurate especially in the trend with
the guppy's & pac & tdi If I'm at a loss, but price is still in the trend
I'll let it ride with a set & forget strategy. And just see what it will do.
Most of the time I'm pleasantly surprised.

sj
  • #50,709
  • Jan 21, 2015 2:00pm Jan 21, 2015 2:00pm
Quoting mordin
{quote} Thank you very much for your input. Do you mean that you just use that ema's (moving average indicators)? I'm confused because the "gmma long" indicator I downloaded doesn't allow to customize anything but the color.
Mordin,

I would delete the indicator & just use
the moving averages. So much easier &
adjustable...

sj
  • #50,710
  • Jan 21, 2015 2:10pm Jan 21, 2015 2:10pm
Quoting fxray
{quote} I just copy/paste them into my MT4 indicator file.
Do you transfer them one by one?
  • #50,711
  • Jan 21, 2015 2:24pm Jan 21, 2015 2:24pm
Quoting mary4x
{quote} Do you transfer them one by one?
Yes, that's what I did.
Ray
  • #50,712
  • Jan 21, 2015 2:27pm Jan 21, 2015 2:27pm
Quoting snarlyjack
{quote} Cigarguy, Because of where I live (west coast USA) I use more of a time requirement. I place my trades at 11:00 p.m. my time. Go to sleep & check the trades at 6-7:00a.m. when I get up. The r1,r2,r3...I would end up sleeping through them anyway, so I pay no attention to them. I take what the market gives me but for the most part it's always profitable. The daily chart is very accurate especially in the trend with the guppy's & pac & tdi If I'm at a loss, but price is still in the trend I'll let it ride with a set & forget strategy. And just...
SJ/ what do you think of AUD/USD as a daily trade? tdi looks good on d chart and 4h chart but am I right in saying looks oversold ? even more so on the 4h? I don't think I would take this trade as it looks like its not got enough room, am I right ? cheers m
  • #50,713
  • Jan 21, 2015 2:28pm Jan 21, 2015 2:28pm
Quoting MrAussieFX
A day turned from good to bad and what stopped it from becoming WORST... My GA trade in Tokyo session gave me some positive results and I wanted to trade the same pair in NY session (after work) as I wasn't expecting any news for both the currencies. GA daily break of Trend line {image} GA H4 trade taken on this TF {image} GA H1 {image} The above losing trade shows the significance of using StopLoss on your trades... What if I hadn't used the SL ? Multiply -300 pips (from initial entry) to your lot size you trade on this pair and see if it can significantly...
Hi:
I am learning TMS. Thanks for sharing your trade. Good thing that you had set the SL.
I think your H1 short entry was at max day range and level 32.
PA shows a red doji - indecision candle.
Just some thoughts, I have plenty to learn on TMS.
Thanks again MrAussieFX!
  • #50,714
  • Jan 21, 2015 2:43pm Jan 21, 2015 2:43pm
Quoting montego
{quote} SJ/ what do you think of AUD/USD as a daily trade? tdi looks good on d chart and 4h chart but am I right in saying looks oversold ? even more so on the 4h? I don't think I would take this trade as it looks like its not got enough room, am I right ? cheers m
Montego,

If you put in Lastingwells Sup/Dem Mod indicator,
It draws some pretty good long term s/r levels.
Then check out the daily chart & see how much
room their is to move. Then go hmmm...

I hope I helped you!
sj
Attached File(s)
File Type: ex4 II_SupDemMOD.ex4   20 KB | 553 downloads
  • #50,715
  • Jan 21, 2015 2:58pm Jan 21, 2015 2:58pm
AUD/USD D1 Short

I know I'm not using the TDI but what I have on my chart is what the TDI represents.

I need to see the Candles clearly so I'm using the Heiken Ashi Histogram so I can see the HA colour.

I've also got the RSI set to 13 but I don't really need it.
Attached Image (click to enlarge)
Click to Enlarge Name: 21st Jan 15 AUD:USD D1 Chart.png Size: 134 KB
  • #50,716
  • Edited 3:42pm Jan 21, 2015 2:59pm | Edited 3:42pm
Quoting snarlyjack
{quote} Montego, If you put in Lastingwells Sup/Dem Mod indicator, It draws some pretty good long term s/r levels. Then check out the daily chart & see how much room their is to move. Then go hmmm... I hope I helped you! sj {file}
Hi SJ thanks but I have that on my chart, but it looks like its never been that low so it doesn t really help, sorry I don't understand what your trying to tell me
I can never find these daily setups and ive looked at this one and thought there was no room, just wondered if I had got it right or I am being to fussy ? hence why I cant seem to find these trades, the only thing I can think of is wait until the support line/grey bar disappears ? then look at tdi again, many thanks m
Attached Image (click to enlarge)
Click to Enlarge Name: sj.png Size: 80 KB
  • #50,717
  • Jan 21, 2015 3:10pm Jan 21, 2015 3:10pm
Quoting TheScorpS
{quote} The ADR indicator I use causes my MT4 to hang , so please use it and if you face any issues, just cycle through time frame to load the data and then apply any template u like, since applying the template at once when Mt4 is opened can get ur platform to hangs {file} {file}
Thanks, I'll give it a try.
  • #50,718
  • Jan 21, 2015 3:39pm Jan 21, 2015 3:39pm
EU, M15 quick discretionary scalp +10.5 on bounce from 200 ema and recent support with TDI and GMMA's heading up

Regards,
Cigarguy
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiM15.png Size: 80 KB
Keep It Simple
  • #50,719
  • Jan 21, 2015 3:44pm Jan 21, 2015 3:44pm
Quoting fxray
{quote} Hi wyley187 - I think/hope I've found the fix for the SynPro MTF (arrows indi) It seems you have to load all the synpro indi's into your indicator file even if you do not need/use them all. It also makes the SynPro trade alert work as well. Try it and see.... Ray {file}
thanks fxray I'll try that!
  • #50,720
  • Jan 21, 2015 3:59pm Jan 21, 2015 3:59pm
Quoting fxray
{quote} Hi wyley187 - I think/hope I've found the fix for the SynPro MTF (arrows indi) It seems you have to load all the synpro indi's into your indicator file even if you do not need/use them all. It also makes the SynPro trade alert work as well. Try it and see.... Ray {file}
Yup, everything is working now, thanks fxray!
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