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Trading Made Simple

  • #55,401
  • Mar 31, 2015 1:53am Mar 31, 2015 1:53am
Quoting rnsfrd
Would tomorrow be a bad day to trade with all the news?

Every Day is a good day to trade. You need to know there are 24 H1 candles in one Day. Every H1 candle has news in it.... TIMING is important to observe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,402
  • Mar 31, 2015 1:54am Mar 31, 2015 1:54am
watching EURNZD, EURCAD will try possible short entry during the news ...
Regards
  • #55,403
  • Mar 31, 2015 2:07am Mar 31, 2015 2:07am
Hey guys, how much of an indicator are the blue volatility bands on the synergy pro TDI? Am I right in thinking that they indicate a bit of a "wall" or so to speak? for some reason i'm under the impression that once the price passes outside for the blue lines its room for movement is gone and the price will most likely slow and reverse in order to pass back into the volatility channel. Is this right?

Also, is it right for me to stay away from a trade if the tdi is very close to or outside of the channel?
  • #55,404
  • Mar 31, 2015 2:08am Mar 31, 2015 2:08am
Quoting blueface
{quote} Hi emmanuel7788 if you can share this script,yesterday I trade the GBPCAD,but sad,I was stopped out at BE thx a lot.

Hi,

here are the SCRIPTS. Copy these to your installed MT4 folder MQL4/Scripts/...

Note: these are pending orders - they are Stop or Limit orders, depends on where exactly you drop them on your chart's active Bid / Ask price levels. Try them and get the feel how they work in realtime active charts.
After you drop the script on your chart, it will prompt for input. You can change the parameter as you wish.


also you can add the frequently used scripts to your Navigator Favourtie folder. This will enable you to simply drag and drop them onto your charts at anytime.
Attached Image (click to enlarge)
Click to Enlarge Name: Navigator Fav folder.png Size: 75 KB



regards,
Attached File(s)
File Type: ex4 Drop_3Lots_PendingBuy (script).ex4   6 KB | 785 downloads
File Type: ex4 Drop_3Lots_PendingSell (script).ex4   6 KB | 745 downloads
File Type: ex4 DeleteAllPendingOrders(script).ex4   5 KB | 721 downloads
File Type: ex4 Delete_Object_ #(script).ex4   4 KB | 730 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,405
  • Mar 31, 2015 2:09am Mar 31, 2015 2:09am
Quoting fulltilt
watching EURNZD, EURCAD will try possible short entry during the news ...
there are several H4 setup seen now after Tokyo close.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,406
  • Mar 31, 2015 2:15am Mar 31, 2015 2:15am
EURAUD 31 Mar H1 trades using the scripts posted above.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 31 Mar H1 trades.png Size: 40 KB


Note: These are counter trend trades, trading into the 50/200EMA but there is room for TP1 and BE of trades. Look at EURNZD and EURCAD for comparison and why I chose this pair over the other two.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,407
  • Mar 31, 2015 2:22am Mar 31, 2015 2:22am
Quoting emmanuel7788
{quote} there are several H4 setup seen now after Tokyo close.
I will use the SupDem again, yesterday I didn't check SR and entered a critical trade on EJ ... closed w/ +10 but very scarce
today GC +35
Regards
  • #55,408
  • Mar 31, 2015 2:32am Mar 31, 2015 2:32am
Hi all
First trade for quite some time. GBPAUD H1
Entry on break of the FO candle, confirmed with TDI cross green over Red and both above the 50 line. Further confirmation HTF TDI stepping up. 50 pips TP and 50 pips SL set and forget trade. Any comments welcomed. Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: GA H1 31,3,15.png Size: 17 KB
  • #55,409
  • Mar 31, 2015 2:50am Mar 31, 2015 2:50am
Quoting Next4467
Hi all First trade for quite some time. GBPAUD H1 Entry on break of the FO candle, confirmed with TDI cross green over Red and both above the 50 line. Further confirmation HTF TDI stepping up. 50 pips TP and 50 pips SL set and forget trade. Any comments welcomed. Thanks. {image}
Good one! I took exactly the same entry, but got stopped at BE after +40 pips... Decided not to re-enter on continuation before news. Also, long divergences on H1 made some doubts for me.
Well done!
  • #55,410
  • Mar 31, 2015 2:55am Mar 31, 2015 2:55am
Quoting toledoFX
{quote} Good one! I took exactly the same entry, but got stopped at BE after +40 pips... Decided not to re-enter on continuation before news. Also, long divergences on H1 made some doubts for me. Well done!
Thanks toledoFX
I stopped moving to BE found with back testing that it lost more trades that would have carried on to my TP. I stopped looking at anything else apart from TDI, HTF TDI and near structure, I started over analysing and never entered any trades. Time will tell if I made the right decision or not. Happy trading to you.
  • #55,411
  • Mar 31, 2015 3:23am Mar 31, 2015 3:23am
Quoting Next4467
{quote} Thanks toledoFX I stopped moving to BE found with back testing that it lost more trades that would have carried on to my TP. I stopped looking at anything else apart from TDI, HTF TDI and near structure, I started over analysing and never entered any trades. Time will tell if I made the right decision or not. Happy trading to you.
Agree with you about moving to BE. I am moving to BE only after +30 pips now or about so, not earlier. But i think it's important, especially if you don't have much time to manage the trade. If you set your TP for 50 pips, but price went for +47 and reverse, do you agree to take a SL in such a trade?
  • #55,412
  • Mar 31, 2015 4:29am Mar 31, 2015 4:29am
Quoting emmanuel7788
{quote} should be a nice month end candle close....not expecting a flat end candle.
Thanks EMU. Hope it rally some more
Sad i'm not trying to understand PA
  • #55,413
  • Mar 31, 2015 5:23am Mar 31, 2015 5:23am
A little advice needed here. On this chart I noticed the TDI crossover and then waited for the candle to close outside of the PAC as per rules. After that the price dropped and I had to close out to avoid losing control completley. I'm only trading demo for now so no money lost! Is this just bad luck or have I missed something?

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 542 KB
  • #55,414
  • Mar 31, 2015 6:04am Mar 31, 2015 6:04am
Quoting emmanuel7788
{quote} Hi, here are the SCRIPTS. Copy these to your installed MT4 folder MQL4/Scripts/... Note: these are pending orders - they are Stop or Limit orders, depends on where exactly you drop them on your chart's active Bid / Ask price levels. Try them and get the feel how they work in realtime active charts. After you drop the script on your chart, it will prompt for input. You can change the parameter as you wish. also you can add the frequently used scripts to your Navigator Favourtie folder. This will enable you to simply drag and drop them onto...
Hi emmanuel7788

Great SCRIPTS

thx a lot.
  • #55,415
  • Mar 31, 2015 6:09am Mar 31, 2015 6:09am
After trying some trades that ended at BE, I was watching Gold from LO opens, and took a long as soon as PA double bottom on LO low, expecting price has formed the low of the day , 55 pips TP
Attached Image (click to enlarge)
Click to Enlarge Name: Gold_H1.jpg Size: 313 KB
I Have Learned to Take Some Losses to Make Profits
  • #55,416
  • Mar 31, 2015 6:14am Mar 31, 2015 6:14am
Quoting emmanuel7788
EURAUD 31 Mar H1 trades using the scripts posted above. {image} Note: These are counter trend trades, trading into the 50/200EMA but there is room for TP1 and BE of trades. Look at EURNZD and EURCAD for comparison and why I chose this pair over the other two.

hi
can you share your indicator on the right of your chart? (target, stop, ....)
ty
  • #55,417
  • Mar 31, 2015 6:39am Mar 31, 2015 6:39am
There should be a page where it would written how to look for indicators templates etc... We are vary lazy. We don't want to read. Even it is posted whatever we are looking for on the same page.
Sad i'm not trying to understand PA
  • #55,418
  • Mar 31, 2015 6:45am Mar 31, 2015 6:45am
Quoting TheScorpS
After trying some trades that ended at BE, I was watching Gold from LO opens, and took a long as soon as PA double bottom on LO low, expecting price has formed the low of the day , 55 pips TP {image}
Nice catch TSS,

Best I could manage was a -25 on EA...

Which pairs do you monitor?
Focus on the process and the profits will follow
  • #55,419
  • Mar 31, 2015 6:48am Mar 31, 2015 6:48am
I have a question for some of the more experienced users of the TMS system. When entering a trade, and setting your S/L at a point you see as resistance/support, do you exit the trade when you see RSI hook or check mark, or do you let your initial S/L take you out?

Also I would like to thank all the great members of this thread for all of there generous input and free flowing information.
  • #55,420
  • Mar 31, 2015 7:21am Mar 31, 2015 7:21am
I am as per my name just learning. I have been trying something that I am finding quite useful in turning a coin in my direction.

Firstly determine what is the daily trend up or down. The position i take will only follow the daily trend.

Next I look at hourly and 30 min trend to see that it is the same direction as the daily tend to confirm if entry is ok.

Next look at 5 min and 1 min and get a feel for immediate range. Buy on 1 min chart when it is counter trend to the longer term trend but at a resistance where it should bounce back.

I take out two positions say one 1000 pounds and another at 10000 pounds, both in the same direction. I watch the large position like a hawk and sell as it soon as it make a couple of pips, for quick scalp of 50, 100, 200 pounds. I won't leave the computer until I close this.

The amount I make on this highly leveraged position I will use as the stop loss on the smaller position, which I hope can run and score a high number of pips.

Any thoughts on this approach, as I said I am finding it is working. It also means that I only spend an hour or so trading, apart from a quick check on the running position.
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