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Trading Made Simple

  • #51,141
  • Jan 24, 2015 10:17pm Jan 24, 2015 10:17pm
Quoting Ballistical
2015 Week 4 - Trade Summary: 4 trades in total: - 1 win - 2 BE - 1 Loss Another slightly disappointing week, however profitable all the same. A total of 25 pips net for +2% on to my account. Monday: Waited for LO+1 for standard TMS entry. PA moved 44 pips in my favour before stopping me out at BE. Taking a break of Frankfurt would have given +50 but equally would have contradicted basic TMS rules. Tuesday: LO entry taken on a break of Frankfurt. Price went 33 pips in my favour before stopping me out at BE. Both Monday and Tuesday maintained a narrow...
Hi Ballistical, funny thing is when ever you write that its been a low success W all i can see is your absolutely successfully trading journal - perhaps we are looking at different aspects of your overall trading portfolio. I guess i dont place much importance on pips acquired and focus more on the process and management. So, from my point of view - congrats for another great trading W and keep going!!! I always give myself all the time i need to develop my trading
  • #51,142
  • Jan 24, 2015 10:42pm Jan 24, 2015 10:42pm
Quoting Phx62
EA H1 trades this week in a very volatile market due to news. A very good week overall.{image}
Simply masterful trading Phx62 with pin point accuracy... incredible trading
  • #51,143
  • Edited 11:15pm Jan 24, 2015 10:44pm | Edited 11:15pm
Quoting TheScorpS
{quote} Well done on the weekly results and good progress into TMS
Many thanks TSS, please keep posting your ABCD chart analysis when you can because i find this extremely helpful to my trading...
  • #51,144
  • Jan 24, 2015 11:44pm Jan 24, 2015 11:44pm
Quoting TheScorpS
{quote} yes very good week Phx62, thanks for sharing , may I ask you about your 21-Jan-2014, why did you decide to long on the break of previous candles, was it because of price tested the low of LO low and got rejected and then TDI confirmed the bounce above MBL and 50 line?
TSS
Your analysis is absolutely correct. On the LO candle, price reversed from the Asian and Frankfurt sessions, as it often does, and when it broke above the previous two candles, with a cross of the TDI, I entered and took the 50 pips.
As you stated, on the second trade, price tested the LO low and reversed. At the open of the blue entry candle, the green RSI line had crossed over the red Trade Signal line and the gold Market Base Line, as well as the 50 line. In most cases, when the green crosses over the red and the gold lines at the open of a candle, you are in for a good trade. The crossing of the 50 line was an added reason to enter that trade. I waited for a break of the red setup candle and entered. Turned out to be a very good trade.
Many traders on this thread are trading the H4 and Daily charts. Countertrend trades are much more difficult on those time frames but on the H1, a trader can pick up 50, 100 or even more pips on a retracement of the overall trend. As has been shown many times, trading with the trend on the higher time frames can be very successful. Trading the H1 in either direction, with proper price action and TDI crosses can also be successful.
Many green pips to all of you!!!!
  • #51,145
  • Jan 24, 2015 11:47pm Jan 24, 2015 11:47pm
Quoting griffinssoul
{quote} Many thanks TSS, please keep posting your ABCD chart analysis when you can because i find this extremely helpful to my trading...
There you go another one that I am watching

And I agree that Ballistical results are very empowering and going in the right direction, as the work that is been done is top class, and the disciplined behind these traders what matters at the end, time can bring the green
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I Have Learned to Take Some Losses to Make Profits
  • #51,146
  • Jan 24, 2015 11:49pm Jan 24, 2015 11:49pm
Quoting Phx62
{quote} TSS Your analysis is absolutely correct. On the LO candle, price reversed from the Asian and Frankfurt sessions, as it often does, and when it broke above the previous two candles, with a cross of the TDI, I entered and took the 50 pips. As you stated, on the second trade, price tested the LO low and reversed. At the open of the blue entry candle, the green RSI line had crossed over the red Trade Signal line and the gold Market Base Line, as well as the 50 line. In most cases, when the green crosses over the red and the gold lines at the...
That just make my day Phx62 thanks a lot for your work and help, will keep studying ur books and charts and one day I will be there
I Have Learned to Take Some Losses to Make Profits
  • #51,147
  • Jan 25, 2015 12:06am Jan 25, 2015 12:06am
Quoting sknight1
. this is hysterical..... Hitler account goes negative as Eurchf crash 2000pips https://www.youtube.com/watch?v=AFsnqmupCIc
In case anyone want to see the move , here EUR/CHF hourly chart on the Swiss Tsunami

Inserted Video
I Have Learned to Take Some Losses to Make Profits
  • #51,148
  • Jan 25, 2015 12:07am Jan 25, 2015 12:07am
Quoting Phx62
{quote} ... Many traders on this thread are trading the H4 and Daily charts. Countertrend trades are much more difficult on those time frames but on the H1, a trader can pick up 50, 100 or even more pips on a retracement of the overall trend. As has been shown many times, trading with the trend on the higher time frames can be very successful. Trading the H1 in either direction, with proper price action and TDI crosses can also be successful. Many green pips to all of you!!!!
Many thanks for explaining your trades in detail Phx62. Thanks also for pointing out that CT trades can be done on the LTFs without consulting the D1 TF - for example, likica does this all the time with amazing success!!!
  • #51,149
  • Jan 25, 2015 12:09am Jan 25, 2015 12:09am
Quoting TheScorpS
{quote} There you go another one that I am watching And I agree that Ballistical results are very empowering and going in the right direction, as the work that is been done is top class, and the disciplined behind these traders what matters at the end, time can bring the green {image}
Many thanks TSS buddy - for your gr8 support and incredible insight & experience
  • #51,150
  • Jan 25, 2015 1:17am Jan 25, 2015 1:17am
Quoting Phx62
{quote} TSS Your analysis is absolutely correct. On the LO candle, price reversed from the Asian and Frankfurt sessions, as it often does, and when it broke above the previous two candles, with a cross of the TDI, I entered and took the 50 pips. As you stated, on the second trade, price tested the LO low and reversed. At the open of the blue entry candle, the green RSI line had crossed over the red Trade Signal line and the gold Market Base Line, as well as the 50 line. In most cases, when the green crosses over the red and the gold lines at the...
Sir, thank you for the chart.
For the day 21 second trade, Just curious how your trade servived +35 pips up move then -40 pips draw down before it finally went back to up move and hit your TP. Did you turn off your Cavemanager? It doesn't look like your normal style....
If I were in the same trade it's highly probable that I was kicked out of it in BE.

Thank you always.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #51,151
  • Jan 25, 2015 3:03am Jan 25, 2015 3:03am
Quoting Phx62
{quote} TSS Your analysis is absolutely correct. On the LO candle, price reversed from the Asian and Frankfurt sessions, as it often does, and when it broke above the previous two candles, with a cross of the TDI, I entered and took the 50 pips. As you stated, on the second trade, price tested the LO low and reversed. At the open of the blue entry candle, the green RSI line had crossed over the red Trade Signal line and the gold Market Base Line, as well as the 50 line. In most cases, when the green crosses over the red and the gold lines at the...
Quoting heispark
{quote} Sir, thank you for the chart. For the day 21 second trade, Just curious how your trade servived +35 pips up move then -40 pips draw down before it finally went back to up move and hit your TP. Did you turn off your Cavemanager? It doesn't look like your normal style.... If I were in the same trade it's highly probable that I was kicked out of it in BE. Thank you always.
Hi Phx62,

I have the following questions related to SL, moving SL and setting TPs.

1) I noticed for your +200ips trade, you kept your SL at BE+.
But for the 150pips trade, you moved your SL to Entry Price +50pips.
For that BE trade, the SL was kept at -50pips.
Are these SL move done manually or by the THV CaveManager?

2) You still use the initial SL 50pips and TP 50pips, when do you move your SL to BE+?
What are your THV CaveManager Capital Protection setting (see attached below)

3) For those trades where you have TPs 100pips, 150pips and 200pips. At which candle time do you decide to move the 50pips TP to 100pips?
I tried using THV CaveManager Precdeing TP feature and set that to 25pips, which means when price move +25pips, it will push the TP another 25pips.
It worked sometimes but after one move and there is no second move.
What is your experience using this Preceding TP feature?

3) Trailing stop features, what is your experience using this features?

Sorry for all these questions, but a small group of H1 day traders are trying to find an 'optimized' parameter set for THV CaveManager and after a few months of testing that trade manager expert advisor we encountered some problems with certain combination of the settings.

Thank you.

Kind regards.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #51,152
  • Jan 25, 2015 3:21am Jan 25, 2015 3:21am
Have a nice weekend!

I have some questions and I want to know what is the right moment to make an entry? with this strategy ... as you can see in the picture below I configured my MT4 as the user snarlyjack because he kindly answered my previous questions (may be some users answered me too but I don't see it hehe sorry) and I checked his posts and this looks pretty the same. The purple lines, I guess, may be correct entries because there are three situations: 1) DSR was broken, going down; 2) TDI green line is under red line and still going down; 3) APB is under PAC... all this three signals means sell obviously. I kindly ask you if you have some recommendations for me? any kind of words means to me. Do I have to put another indicator(s) or this is all may I need? Anything you say to me I will take it... please advice me because I wants to be succesfull as anybody here and be happy

PD: sorry for my english... I don't know if it is good hehe
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  • #51,153
  • Jan 25, 2015 4:01am Jan 25, 2015 4:01am
Quoting AlexoBrawler
Have a nice weekend! I have some questions and I want to know what is the right moment to make an entry? with this strategy ... as you can see in the picture below I configured my MT4 as the user snarlyjack because he kindly answered my previous questions (may be some users answered me too but I don't see it hehe sorry) and I checked his posts and this looks pretty the same. The purple lines, I guess, may be correct entries because there are three situations: 1) DSR was broken, going down; 2) TDI green line is under red line and still going down;...

Hi Alex,

Your English is good and fully understood what you wrote. That's a lot better than my French.

First you need to ask yourself what type of trader you are or what is the trading style you want to adopt.


Entry conditions

Scalping -
Long = Green over Red,
Short = Red over Green

Active –
Long = Green over Red & Yellow lines
Short = Red over Green & Yellow lines

Moderate –
Long = Green over Red, Yellow, & 50 lines
Short= Red over Green, Green below Yellow & 50 line

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #51,154
  • Jan 25, 2015 4:22am Jan 25, 2015 4:22am
Quoting griffinssoul
{quote} Hi Ballistical, funny thing is when ever you write that its been a low success W all i can see is your absolutely successfully trading journal - perhaps we are looking at different aspects of your overall trading portfolio. I guess i dont place much importance on pips acquired and focus more on the process and management. So, from my point of view - congrats for another great trading W and keep going!!! I always give myself all the time i need to develop my trading
Thank you for the kind words Griffin. I guess "disappointed" is the wrong word. I am over the moon that I seem to be becoming more consistent in my approach, over time, and I am actually enjoying the learning process (some days more than others ). My account continues to grow using TMS, even with the odd mistake here and there. Currently I limit myself to 1 trade per day around LO. It seems to almost guarantee PA momentum and since I'm based in the UK its usually easy for me to trade. Taking this approach has also taught me an important lesson in patience!

As always, excellent trading from your end, with another big haul this week. Thanks for sharing. I enjoy reading your analysis and follow your posts with great interest!


Quoting TheScorpS
{quote} There you go another one that I am watching And I agree that Ballistical results are very empowering and going in the right direction, as the work that is been done is top class, and the disciplined behind these traders what matters at the end, time can bring the green {image}
Thank you TSS. Also thank you for your question to Phx62, as I was also interested in the same trade but hadn't picked up on the fact it was a rejection of the LO low. Please keep sharing your analysis and trades in here. It is greatly appreciated but many of us!
Focus on the process and the profits will follow
  • #51,155
  • Jan 25, 2015 4:27am Jan 25, 2015 4:27am
Quoting Phx62
{quote} TSS Your analysis is absolutely correct. On the LO candle, price reversed from the Asian and Frankfurt sessions, as it often does, and when it broke above the previous two candles, with a cross of the TDI, I entered and took the 50 pips. As you stated, on the second trade, price tested the LO low and reversed. At the open of the blue entry candle, the green RSI line had crossed over the red Trade Signal line and the gold Market Base Line, as well as the 50 line. In most cases, when the green crosses over the red and the gold lines at the...
Thank you Phx62 for your ongoing charts and analysis. It is priceless learning material for myself and many others in here.

All the best!

Ballistical
Focus on the process and the profits will follow
  • #51,156
  • Jan 25, 2015 4:31am Jan 25, 2015 4:31am
Quoting emmanuel7788
{quote} Hi Alex, Your English is good and fully understood what you wrote. That's a lot better than my French. First you need to ask yourself what type of trader you are or what is the trading style you want to adopt. Entry conditions Scalping - Long = Green over Red, Short = Red over Green Active – Long = Green over Red & Yellow lines Short = Red over Green & Yellow lines Moderate – Long = Green over Red, Yellow, & 50 lines Short= Red over Green, Green below Yellow & 50 line regards,
Haha thanks, I hope your French is good enough, but that would put pressure on my english haha...
I read the Synergy Pro manual and I felt attracted for being "Swing", I guees in this case will be moderate as you said, trade in H4 period... I don't know if the comparison between these styles is correct...
  • #51,157
  • Edited 5:19am Jan 25, 2015 5:02am | Edited 5:19am
A very informative youtube video on the CHF unpeg and speculation on its future impact - very interesting to see this has happened before (THB - on a smaller scale trading wise of course compared to CHF) with profound consequences...

Inserted Video
  • #51,158
  • Jan 25, 2015 5:10am Jan 25, 2015 5:10am
Quoting TheScorpS
{quote} In case anyone want to see the move , here EUR/CHF hourly chart on the Swiss Tsunami http://www.youtube.com/watch?v=kjB4B_aHLpU
Wow, unbelievable !!! i had to replay a few times to just see it without blinking ... thanks TSS!
  • #51,159
  • Jan 25, 2015 5:19am Jan 25, 2015 5:19am
Hi, can someone please help me with my request.

Is there a way to keep my monthly trading account history from my MT4 platform [bottom left] where it shows all trades taken. At the start of a new month this information gets deleted.

Thanks for your help.
Regards
  • #51,160
  • Edited 6:07am Jan 25, 2015 5:38am | Edited 6:07am
Quoting forexday
Hi, can someone please help me with my request. Is there a way to keep my monthly trading account history from my MT4 platform [bottom left] where it shows all trades taken. At the start of a new month this information gets deleted. Thanks for your help. Regards
Sure there is forexday - right click in the Account History window - select the period required, say Last 3 Months etc (generally no data is deleted - see Emmanuels post below) - then right click in the Account History window again and select Save as Report - then you can save this as an excel file by changing the extension from htm(l) to xls...

Does this help you my man... ???
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