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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

  • #50,741
  • Jan 21, 2015 4:45pm Jan 21, 2015 4:45pm
Quoting griffinssoul
{quote} Hey montego, when it does not look like there is another low on your chart (to the left) keep dialling up the TFs until you do see another low - keep panning back... on AU go to the W TF and pan back - there to the left (June `10) you will see the pivot low If this fails and you can only see a low then either you do not have enough data or you should go short
never thought of using the weekly
  • #50,742
  • Jan 21, 2015 4:59pm Jan 21, 2015 4:59pm
When buy is LONG and sell is SHORT.
Here is an example:

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD 21 Jan H1 example.png Size: 65 KB


Day Open play as support and price was 'engulfed' in that H1 Master Candle high-low. Then a breakout to BRN 0.7700 and dropped sharply.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD week 04 21 Jan H1 BRN drop.png Size: 61 KB


How do you catch such move, without a proper trade plan.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #50,743
  • Jan 21, 2015 5:11pm Jan 21, 2015 5:11pm
Quoting rupasi
{quote} Thanks Red. I'll see what I can find out and pass on to everyone. In the meantime, can you post V3? Appreciate it.
Here you go.
Attached File(s)
File Type: ex4 DOTS_Method_v3-02(edu).ex4   39 KB | 596 downloads
Positive anything is better than negative thinking.- Elbert Hubbard
  • #50,744
  • Jan 21, 2015 5:25pm Jan 21, 2015 5:25pm
GBPNZD week 04 D chart trades:

You will see on the MN chart that the market is sideways and price action is within the high -low of the Sep 2014 MN candle.
On the D chart, there is support in the region around 1.9300 and 1.9400.
With a weaker kiwi, this pair can recapture the recent MN highs and that may take time.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD week 04 D chart trades.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #50,745
  • Edited 7:50pm Jan 21, 2015 7:32pm | Edited 7:50pm
Quoting stevepatt
GBP/USD D1 Bearish Setup {image} {image}

hi stevepatt
could you share the HA histogram indicator please?
Thank you..

Regards
only 100 pips / week
  • #50,746
  • Edited 8:12pm Jan 21, 2015 7:55pm | Edited 8:12pm
Heiken_Ashi Histogram

http://www.pointzero-trading.com/Fre...wnloads/view/8

Here you find some good trading tools to enhance your chartist skills.

remember the Synergy Average Price APB candles are slightly different from the original Heiken Ashi HA candles. But you can use either one with TMS. You need to understand the characteristics of the APB / HA candles to help you trade better with TMS 5-Method.
The body of the APB candles will warn you of price strength weakening and possible change in direction. When you combine the use of the APB and the real price bar, it will be a part of your 'leading edge' over other traders.
The other thing you look at and compare is the body size of the APB candles. When they are growing in size and above the average you define for a certain period, the better your trades will run into profits.
In the HA Histogram is a moving average line, set that moving average to the period you trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #50,747
  • Jan 21, 2015 8:08pm Jan 21, 2015 8:08pm
Quoting emmanuel7788
Heiken_Ashi Histogram http://www.pointzero-trading.com/Fre...wnloads/view/8 Here you find some good trading tools to enhance your chartist skills. remember the Synergy Average Price APB candles are slightly different from the original Heiken Ashi HA candles. But you can use either one with TMS. You need to understand the characteristics of the APB / HA candles to help you trade better with TMS 5-Method. The body of the APB candles will warn you of price strength weaking and possible change in direction. When you comiobe the...
hi emm
thank you for the link and your explanation

Regards
only 100 pips / week
  • #50,748
  • Jan 21, 2015 8:11pm Jan 21, 2015 8:11pm
APB/HA Histogram download:

Here are the indicators.
Note the HeikenAshi_DM is coded the same as the original APB.
The APB_HA_DM Histogram.ex4 requires the HeikenAshi_DM.ex4 to be in the MQL4/Indicators folder.

Have fun!

I set the APB moving average to 20-day to trade on my Day charts. I look at the price on an average 20-days in relation to its momentum.
Attached Image (click to enlarge)
Click to Enlarge Name: APB_HA Histogram.png Size: 38 KB
Attached File(s)
File Type: ex4 APB_HA_DM Histogram.ex4   8 KB | 1,098 downloads
File Type: ex4 HeikenAshi_DM.ex4   3 KB | 1,014 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #50,749
  • Jan 21, 2015 8:16pm Jan 21, 2015 8:16pm
Quoting emmanuel7788
APB/HA Histogram download: Here are the indicators. Note the HeikenAshi_DM is coded the same as the original APB. The APB_HA_DM Histogram.ex4 requires the HeikenAshi_DM.ex4 to be in the MQL4/Indicators folder. Have fun! {file} {file}
nice...

thank you emm..
only 100 pips / week
  • #50,750
  • Jan 21, 2015 8:24pm Jan 21, 2015 8:24pm
Quoting nefilim
{quote} nice... thank you emm..

you are most welcome.

Trading the D chart is what some say it is too slow and it is like waiting for the paint to dry.
So I don't wait for the paint to dry, I have plenty of time to do other things in life such as coding trading tools and testing them.
Kind of fun learning and trading at the same time. After all I am retired and that is a great way to live life.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #50,751
  • Jan 21, 2015 8:24pm Jan 21, 2015 8:24pm
Hi,

How can I add 20-day average to Synergy_Pro_TDI windows?
  • #50,752
  • Jan 21, 2015 8:30pm Jan 21, 2015 8:30pm
Quoting dinhienhy
Hi, How can I add 20-day average to Synergy_Pro_TDI windows?

Here is the way to do it. Also answer all the PMs I get asking this same question.

Just remember, you can select any of your platform indicator and drag that to the indicator window. But you must always set the 'apply to ...' correctly.

Attached Image (click to enlarge)
Click to Enlarge Name: Moving Average to TDI window.png Size: 40 KB


Note:
The TDI already has its 34-period in its default (the yellow MBL). Anyone trade with that 34-period? Why 34 in the first place. You can say that is a number in the Fibonacci series, but that cannot be you use that for every different timeframe you trade, right?
Also, why those two levels - 32 and 68, looks like curve fitting to me.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #50,753
  • Jan 21, 2015 9:08pm Jan 21, 2015 9:08pm
i know this is out of topic.,but i read this on their website..

Tickmill announced today its readiness to buy client portfolios and assets of FX brokers who have run into difficulties due to recent market events related to record Swiss Franc volatility.
With a strong capital base Tickmill is looking forward to seize this historic opportunity and significantly increase its client base and market share.
The management was able to foresee recent Swiss Franc developments. As a result, the company was not affected by market moves thanks to the excellent risk management systems and Tickmill’s directors, who have over 15 years of experience in the FX industry.
Tickmill stands strong to onboard unlimited number of new clients and is also able to absorb FX brokers who lack sufficient capital for operations.

is this mean they want to grow up their business?
wonder how much money they have...
anyone here have experience with them?
think to open account with them...
only 100 pips / week
  • #50,754
  • Jan 21, 2015 9:20pm Jan 21, 2015 9:20pm
GA 30 Min Scalp based on DOTS (Tokyo Session)
Attached Image (click to enlarge)
Click to Enlarge Name: GA Buy DOTS 30 min Tokyo session.png Size: 323 KB


Kindest regards
  • #50,755
  • Jan 21, 2015 10:11pm Jan 21, 2015 10:11pm
Quoting emmanuel7788
APB/HA Histogram download: Here are the indicators. Note the HeikenAshi_DM is coded the same as the original APB. The APB_HA_DM Histogram.ex4 requires the HeikenAshi_DM.ex4 to be in the MQL4/Indicators folder. Have fun! I set the APB moving average to 20-day to trade on my Day charts. I look at the price on an average 20-days in relation to its momentum. {image} {file} {file}
Thank you Emmanuel for sharing the tool!
Have a nice day.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #50,756
  • Jan 21, 2015 10:34pm Jan 21, 2015 10:34pm
Oanda raising margins too.... courtesy of the NFA.

==============


If you trade CHF, SEK, NOK action may be required.
Effective 6:00 PM EST, January 22, 2015, the National Futures Association (NFA) has imposed a requirement that forex brokerages reduce the available leverage on certain currencies due to the extraordinary market conditions.
As directed by the NFA, OANDA will be changing margin requirements for 3 currencies. The affected currencies are the Swiss Franc, Swedish Krona and Norwegian Krone.

Currency
Previous Margin Requirement
New Margin Requirement
Swiss Franc (CHF)
2%
5%
Swedish Krona (SEK)
2%
3%
Norwegian Krone (NOK)
2%
3%
As a result of this change, accounts with positions in these currencies will show a reduction of margin available at 5:00 PM EST on January 22, 2015. If this margin available falls below the 50% closeout margin specified in your customer account, all open positions in your account will be immediately closed.
IF YOU TRADE THESE PAIRS, we strongly encourage you to review your accountimmediately and close sufficient positions by 5:00 PM EST on January 22, 2015 to ensure you have sufficient margin available to avoid closeout of all your positions.
We apologize for any inconvenience this may cause you.
Please call us at 1-877-626-3239 should you have any questions or require assistance.
Thank you for trading with OANDA.

Kind Regards,
The OANDA Client Experience Team
  • #50,757
  • Jan 21, 2015 10:47pm Jan 21, 2015 10:47pm
Quoting redcloudxlll
{quote} Here you go. {file}
Thanks Red for the sharing..
  • #50,758
  • Jan 21, 2015 11:22pm Jan 21, 2015 11:22pm
Quoting emmanuel7788
{quote} Hi Steve, My D-chart view. Market has been in consolidation range for many days and I have one historical major price swing level 1.51619 on my chart. The BRN is 1.5100 and I wait for a D candle breakout of that high 1.52683 or to low 1.50736. On the D chart, the TDI had been in the extreme level 32 and this make it useless to consider for any trade decision in this market type. The TDI Green PL and Red TSL only show the relative momentum of two periods. I will look at the 20-day momentum and compare this with the TDI PL Green. Red. When...

Hi emmanuel;

Thanks for your response.

I've canceled the Pending Sell for now. If today finishes as a Bearish Inside Day I might be tempted back in Short.

I've reconstructed the TDI because I've never got on with Oscillators.

Only the Market can decide when it's had enough if the PA is strong enough carry on Trading with the Trend no matter what any Oscillator is telling you.

In the image below I've added the 34 Bollinger Bands this makes up the complete TDI Indicator.

I think it's important to understand fully any Indicator you rely on for your Trading.

All the TDI shows is a 2 Simple Moving Average/Close (Green) crossing the 7 Simple Moving Average/Close (Red) the Market Base Line (Yellow) is a 34 Simple Moving Average/Close, as you know, it shows short term Market Trend and all contained within the Volatility Bands which are Bollinger Bands set to 34 the 13 Period RSI is the Oscillator part of the equation.
Attached Image (click to enlarge)
Click to Enlarge Name: 22nd Jan 15 GBP:USD D1 Chart @@.png Size: 143 KB
  • #50,759
  • Jan 21, 2015 11:27pm Jan 21, 2015 11:27pm
Quoting sknight1
Oanda raising margins too.... courtesy of the NFA. ============== If you trade CHF, SEK, NOK action may be required. Effective 6:00 PM EST, January 22, 2015, the National Futures Association (NFA) has imposed a requirement that forex brokerages reduce the available leverage on certain currencies due to the extraordinary market conditions. As directed by the NFA, OANDA will be changing margin requirements for 3 currencies. The affected currencies are the Swiss Franc, Swedish Krona and Norwegian Krone. Currency Previous Margin Requirement New Margin...
Thanks for this sknight

It is only for the 3 pairs though. I use Onanda and they haven't sent me anything yet. To be fair it is probably a smart decision.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #50,760
  • Jan 21, 2015 11:29pm Jan 21, 2015 11:29pm
Quoting nefilim
i know this is out of topic.,but i read this on their website.. Tickmill announced today its readiness to buy client portfolios and assets of FX brokers who have run into difficulties due to recent market events related to record Swiss Franc volatility. With a strong capital base Tickmill is looking forward to seize this historic opportunity and significantly increase its client base and market share. The management was able to foresee recent Swiss Franc developments. As a result, the company was not affected by market moves thanks to the excellent...
Sounds like they made a shed load of pips from the CHF move. Might be worth opening a demo and get a feel for how they conduct business.
Intelligence is the ability to adapt to change. Stephen Hawking
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Simple-man