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Trading Made Simple

  • #55,461
  • Apr 1, 2015 6:04am Apr 1, 2015 6:04am
Please Help!

I'm trying to load the "Drop 3Lots" scripts unto my chart by clicking and dragging and dropping to my chart, for buy I drop it above the price line and for sell I drop it below the price line, but there's no reaction or indication. Did I miss something?
Attached Image (click to enlarge)
Click to Enlarge Name: script.png Size: 115 KB


Thank you for your help..

Paul
  • #55,462
  • Apr 1, 2015 6:07am Apr 1, 2015 6:07am
Quoting Trader MT4
Choppy market
I won't mind if it is choppy and has a good range so that we can buy and sell in the same day.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,463
  • Apr 1, 2015 6:13am Apr 1, 2015 6:13am
EURAUD 1 Apr H1 trades

Took this trade during the Tokyo morning session.
On H1, the setup isn't the prettiest looking, but H4 was a nice Bullish Outside Bar BUOB and there is potential for a Master candle breakout. Also both the weekly and daily are bullish. The H1 volatility was below 50pips, so with my SL at -50pips, the 3 multi-lot entries would work.

Taken two exits TP1 +25pips and TP2 +50pips, now BE the remaining position for that 100pips TP3.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,464
  • Apr 1, 2015 7:36am Apr 1, 2015 7:36am
GBPAUD-H1.. Seeing this PB formed on H1. Entered when it retrace back to daily open.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-04-01_18-32-46GBPAUD.png Size: 32 KB
Sad i'm not trying to understand PA
  • #55,465
  • Apr 1, 2015 7:43am Apr 1, 2015 7:43am
Quoting BurnhamPark
Please Help! I'm trying to load the "Drop 3Lots" scripts unto my chart by clicking and dragging and dropping to my chart, for buy I drop it above the price line and for sell I drop it below the price line, but there's no reaction or indication. Did I miss something?{image} Thank you for your help.. Paul

check these!

in the script properties,

Attached Image (click to enlarge)
Click to Enlarge Name: Script Allow live trading.png Size: 20 KB


if not, then in the menu Tools/Options/...

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Click to Enlarge Name: Tools-Options-ExpertAdvisors.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,466
  • Apr 1, 2015 7:46am Apr 1, 2015 7:46am
Quoting omonisha
GBPAUD-H1.. Seeing this PB formed on H1. Entered when it retrace back to daily open. {image}
NICE!

I actually took a 50 pip profit there, and re-entered with a buy trade .. later, and took a -30 pip loss.

You're really good at reading PA with no bias in mind. I mean you don't look for longs or shorts, you just read price and trade.
  • #55,467
  • Apr 1, 2015 7:51am Apr 1, 2015 7:51am
Quoting omonisha
GBPAUD-H1.. Seeing this PB formed on H1. Entered when it retrace back to daily open. {image}
Nice H1 Pin Bar close below the PAC...
same 3-lot entry, exited TP1 +25pips now waiting for TP2 +50pips, then move to BE trade for TP3.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD 1 Apr H1 trades.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,468
  • Apr 1, 2015 7:53am Apr 1, 2015 7:53am
Quoting emmanuel7788
{quote} Nice H1 Pin Bar close below the PAC... same 3-lot entry, exited TP1 +25pips now waiting for TP2 +50pips, then move to BE trade for TP3. {image}
Very nice trade EMU. Most of the GBP pair is in retrace mode.
Sad i'm not trying to understand PA
  • #55,469
  • Apr 1, 2015 8:04am Apr 1, 2015 8:04am
Quoting omonisha
{quote} Very nice trade EMU. Most of the GBP pair is in retrace mode.

yup, seen across all GBP pairs.
weaker Manufacturing PMI today.
tomorrow weaker Construction PMI will sink it further... ahead of Good Friday.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,470
  • Apr 1, 2015 8:14am Apr 1, 2015 8:14am
Took an outside bar with divergence on H1, tried for 100 pips didnt work, moved it back to +50 pips and it worked
Attached Image (click to enlarge)
Click to Enlarge Name: GJ_H1_4-1-2015.jpg Size: 349 KB
I Have Learned to Take Some Losses to Make Profits
  • #55,471
  • Apr 1, 2015 8:24am Apr 1, 2015 8:24am
Quoting TheScorpS
Took an outside bar with divergence on H1, tried for 100 pips didnt work, moved it back to +50 pips and it worked {image}
Nice trading TS. Price struggling to close above RN-178.000
Sad i'm not trying to understand PA
  • #55,472
  • Apr 1, 2015 8:31am Apr 1, 2015 8:31am
Quoting Trader MT4
{quote} Hi Emmanuel, you wait to price retrace to Daily open, and than Short? {image}
Yes often pin bar retraces 50% or more. Here the logical area to me was the daily open. When price went retrace that area i entered short.
Sad i'm not trying to understand PA
  • #55,473
  • Apr 1, 2015 8:34am Apr 1, 2015 8:34am
Quoting emmanuel7788
{quote} Nice H1 Pin Bar close below the PAC... same 3-lot entry, exited TP1 +25pips now waiting for TP2 +50pips, then move to BE trade for TP3. {image}
Hi Emmanuel,
I have settings for PAC MA5 Smoothed High, and MA5 Smoothed Low

but your picture is different

Am I wrong?
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  • #55,474
  • Apr 1, 2015 9:16am Apr 1, 2015 9:16am
Quoting emmanuel7788
{quote} check these! in the script properties, {image} if not, then in the menu Tools/Options/... {image}
Thank you so much Big Emm for your help, now its all working properly.. wonderful!!!
  • #55,475
  • Apr 1, 2015 9:17am Apr 1, 2015 9:17am
Quoting Vladbold
{quote} NICE! I actually took a 50 pip profit there, and re-entered with a buy trade .. later, and took a -30 pip loss. You're really good at reading PA with no bias in mind. I mean you don't look for longs or shorts, you just read price and trade.
Thanks for the support and sorry for your loss Vladbold. Once i used to trade long and short. Now trying not to do that. I might try later when i'll gather more experience. Only trying to learn more PA and S/R.
Sad i'm not trying to understand PA
  • #55,476
  • Apr 1, 2015 9:19am Apr 1, 2015 9:19am
Quoting Trader MT4
{quote} Hi Emmanuel, I have settings for PAC MA5 Smoothed High, and MA5 Smoothed Low but your picture is different Am I wrong? {image}
Synergy pro built in PAC and mt4 MA setting PAC are different. On synergy pro there must have other settings involved for the PAC.
Sad i'm not trying to understand PA
  • #55,477
  • Apr 1, 2015 9:53am Apr 1, 2015 9:53am
Been lurking here, reading, testing, reading, testing ... and losing my a$$.

I don't know what my problem is... I can't make a winning trade with this method to save my life. I have not given up and I have no intention (yet) of giving up... but I have entered seemingly perfect conditions and each time have failed miserably and almost instantly. It's as if my entry signals the pair to do the opposite of my intended trade.

I'll keep studying the generous amount of info here and maybe I can lift this curse of losing. I'm happy to see everyone profiting so well but to be honest, it drives me nuts as well. It would help to see some of your expert's losers. Are there any? It seems not.

Keep up the good work.
  • #55,478
  • Apr 1, 2015 10:14am Apr 1, 2015 10:14am
Quoting WickedDaddy
Been lurking here, reading, testing, reading, testing ... and losing my a$$. I don't know what my problem is... I can't make a winning trade with this method to save my life. I have not given up and I have no intention (yet) of giving up... but I have entered seemingly perfect conditions and each time have failed miserably and almost instantly. It's as if my entry signals the pair to do the opposite of my intended trade. I'll keep studying the generous amount of info here and maybe I can lift this curse of losing. I'm happy to see everyone profiting...
Hahaha no no we all have losing trades. Post your losing trades chart. So that everybody can look at it. Experts may comment good traders may share there knowledge newbie and us we all can learn.
Sad i'm not trying to understand PA
  • #55,479
  • Apr 1, 2015 11:52am Apr 1, 2015 11:52am
Quoting WickedDaddy
Been lurking here, reading, testing, reading, testing ... and losing my a$$. I don't know what my problem is... I can't make a winning trade with this method to save my life. I have not given up and I have no intention (yet) of giving up... but I have entered seemingly perfect conditions and each time have failed miserably and almost instantly. It's as if my entry signals the pair to do the opposite of my intended trade. I'll keep studying the generous amount of info here and maybe I can lift this curse of losing. I'm happy to see everyone profiting...

Hi Wickeddaddy,

As a newbie myself let me tell you that i know exactly how you feel. It gets better, i promise, all that is required is soaking some additional information up, and then applying it to many many charts through backtesting, forward testing, and simulator when possible. I would say the split is 20% to 80%, reading/comprehending vs. practice. There is no substitute for chart time and practice.

Personally, my TMS trading started to turn around when i began treating a good TDI cross simply as a signal and not an automatic "trade now". Each signal i get now simply tells me to pay attention to a particular chart. My decision whether to enter a trade is then based on Price Action, Support & Resistance, and Candle stick formations. If after a valid TDI signal i see additional reasons to trade (confluence) without too many serious obstacles in the way of my trade, then i consider trading. I assure you this eliminates many of the losers.

There is still lots more to learn then what i mentioned above, however its a good start and it should get you on the way to staying green and begin thinking about building your own trading plan (the real holy grail ).

I am attaching a few PDFs which were critical in explaining certain concepts, i strongly suggest you read them as i attribute a big chunk on my humble success to these documents.

No surprise that Emmanuel7788 compiled many of these PDFs, many other senior members are also to thanks, including phx62, dcginc, and many others.

Best,
N.

Cannot seem to upload larger PDF's, you can grab them from the links below, start with first one which is eye-opening:
http://www.forexfactory.com/showthre...97#post7188097

http://www.forexfactory.com/showthre...46#post6788846
Attached File(s)
File Type: pdf TMS 5-Method Basic Rules.pdf   873 KB | 1,082 downloads
File Type: pdf Emmanuel7788 on Big Picture Planning.pdf   1.1 MB | 1,103 downloads
File Type: pdf dcginc posts (1).pdf   880 KB | 751 downloads
  • #55,480
  • Apr 1, 2015 12:05pm Apr 1, 2015 12:05pm
Quoting WickedDaddy
Been lurking here, reading, testing, reading, testing ... and losing my a$$. I don't know what my problem is... I can't make a winning trade with this method to save my life. I have not given up and I have no intention (yet) of giving up... but I have entered seemingly perfect conditions and each time have failed miserably and almost instantly. It's as if my entry signals the pair to do the opposite of my intended trade. I'll keep studying the generous amount of info here and maybe I can lift this curse of losing. I'm happy to see everyone profiting...
Just keep backtesting until you find ground, it takes time, patience , it never ever works in a single day, month, year , it just takes time, read phx62 books, find how he takes trades, other seniors as well, I recommend you to back-test every single day if you have time, I have been backtesting every single day since Feb 2014 , I still do it everyday and I plan to do it even longer until I find ground
I Have Learned to Take Some Losses to Make Profits
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