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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

  • #55,521
  • Apr 2, 2015 6:22pm Apr 2, 2015 6:22pm
Quoting bigcakex
{quote} Hi,emmaunel7788, I post the chart again ,more clearly.Thanks a lot for everyone to help me . {image} {image}
http://www.forexfactory.com/attachme...1&d=1427985935
Hi,

Zoom out on that H1 chart and look at the previous days. Do you see the day open and close, the highs - lows of the previous days.

Trading H1 intraday is very tough even for the experienced traders under such market condition. You can buy and sell in the same day, but to be able to pick tops and bottoms requires some very special skills. I can't do that on H1.

Look at both EURUSD and GBPUSD pairs, pick the one which is not in narrow range consolidation.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,522
  • Apr 2, 2015 6:42pm Apr 2, 2015 6:42pm
Quoting bigcakex
{quote} Hi,emmaunel7788, I post the chart again ,more clearly.Thanks a lot for everyone to help me . {image} {image}
Looks like you are chasing the market, you are showing this symptom FOMO
the cautious seldom err....C
  • #55,523
  • Apr 2, 2015 7:56pm Apr 2, 2015 7:56pm
Quoting bigcakex
{quote} Hi,emmaunel7788, I post the chart again ,more clearly.Thanks a lot for everyone to help me . {image} {image}
Always have a plan when you start the trading day. When you do not have a plan, you tend to pull the trigger too easily. With a plan, you then must lay in wait patiently for that setup you look for. Do not chase after the price, let it come back to you. Every candle will close and the next new candle will retrace. If it does not retrace deep enough for you to get a good entry price, let it go and look for the next pair.

Look at the previous Day candles to see the trend. If the trend is not clear, simply use the Day candle to form a trading bias.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Day candles.png Size: 73 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Day candles.png Size: 63 KB


Trading requires many different sets of skills. Learn and develop those skills you do not have yet. Remember what Deep Practice is and will do to you in becoming a super trader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,524
  • Apr 2, 2015 8:23pm Apr 2, 2015 8:23pm
Quoting classy
{quote} hi big emm would you like to share your cave manager ea and settings please.it has lots of options ..i am lil bit confused so ...thanks in advance

Hi,

Of course I would like to share how I use CaveManager to manage my trade exits. There are so many features and with different market conditions we trade in, there is no generic or standard parameters setting.
One way is to show me a chart example and tell me what your Exit Strategy is and I will suggest how CaveManager can be optimized to manage your trades for you.
Some basic questions on Money Management, Risk management and Exit Strategy-
1. Do you trade with Single Entry / Single Exit or Single Entry / Multiple exits?
2. How do you decide on your SL and TP(s)? static or dynamic?
3. Do you want to use the Capital Protection feature?
4. How do you want to manage and move your trade stops i.e. method to trail the market? by pips distance, by candlestick, by volatility, etc.
5. Do you have a time duration for different trades, H1 and H4?

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,525
  • Apr 2, 2015 11:21pm Apr 2, 2015 11:21pm
Trades from this week

A/U: 3 wins, 1 BE, 1 loss. 102pips
E/U: 1 win 61.4pips
G/U: 2 wins 96.9pips

Total: 260.3pips

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 63 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 68 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 76 KB


Not trading today since there will be NFP and with all the bank holidays.

Good luck to everyone
  • #55,526
  • Apr 2, 2015 11:26pm Apr 2, 2015 11:26pm
I've been away from trading from past few weeks because of my work and whenever I tried to take a live trade it resulted in a losing one. So, After having two losing trades this week on H1 TF (Demo trading), I took EA H4 trade (Demo) in aspiration to turn it into daily trade and below is the chart for the same trade.

Its better for me to turn back to demo and not risking real money if I can't put my 100% in trading. I suggest if you are having too many losing trades better switch back to demo and see where the problem resides.

EA Trade

Attached Image (click to enlarge)
Click to Enlarge Name: ea daily closed pt hit.png Size: 203 KB


Kindest Regards
  • #55,527
  • Apr 3, 2015 3:21am Apr 3, 2015 3:21am
Quoting MrAussieFX
I've been away from trading from past few weeks because of my work and whenever I tried to take a live trade it resulted in a losing one. So, After having two losing trades this week on H1 TF (Demo trading), I took EA H4 trade (Demo) in aspiration to turn it into daily trade and below is the chart for the same trade. Its better for me to turn back to demo and not risking real money if I can't put my 100% in trading. I suggest if you are having too many losing trades better switch back to demo and see where the problem resides. EA Trade {image} Kindest...
Hi,

That was a good trade despite that you have less time for trading.
With lesser time spend on charting and analysis, I have another approach using the Weekly chart to plan ahead and look for trades in lower TF like D1 and H4.
Looking at the week 11 8-13 Mar, that Weekly candle set the High-Low for range trading in lower TF.
With this type of Weekly candle, I would usually avoid trading the D1 chart setups when the price action is within the high-low range and drop down to lower TF like H4 or H1 to look for trades.
H4 provided and nice MC setup and its breakout
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Day chart trading.png Size: 116 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,528
  • Apr 3, 2015 3:57am Apr 3, 2015 3:57am
Quoting emmanuel7788
{quote} Hi, Of course I would like to share how I use CaveManager to manage my trade exits. There are so many features and with different market conditions we trade in, there is no generic or standard parameters setting. One way is to show me a chart example and tell me what your Exit Strategy is and I will suggest how CaveManager can be optimized to manage your trades for you. Some basic questions on Money Management, Risk management and Exit Strategy- 1. Do you trade with Single Entry / Single Exit or Single Entry / Multiple exits? 2. How do you...

big emm you are my virtual mentor.i always pray for you and people like you big e..arjun..lghr..cja..gurai..and all who are contributing day and night ........now i am trying to answer your query though my mother language is not english.....i al ways try to follow you..your post ..advice..suggestion...some time cant because of my fault..greed..fear....failure is mine...
1.i always try to enter single entry with 2 or three pair consider correlation/market movement like eusd...gusd...buy and us cad sell us jpy sell viz versa..
2.i decide sl last 2/3 candle hi from entry candle @4h time frame some time sar some time fibo it depends i dont want to complicate i try to sl between 100/150 another favorite trading is arjun Another simple system - Time-Frame 15 sl 15/20
3.i dont use cap protect fiture i use fixed sl..tp
4. i use now quicktrail ea but it is not working this time like sl..tp move/drag ....i like to prtect my pips thas why i like pip lock after 15/20 pips then trail like 1st tp then be after 30/40 pips (trail feature is lil bit confusing for me if you have time/interest please explain some time its benefit i mean which is better candlesticks?pip dist?volatility atr/adr ...)
5.time duration is also another hedeach for me how long i wait to some time if i see my trade is not going my way after 3/4 candle..stuck then i confused and some time out if i feel bad..
big emm i tried to explain my way ..i always respect your idea /sugestion..you people are so selfless/helpful and tireles..dedicated ....hats off .i am not like you and have no ability but i dont hesitate to mention some name like you...if you have any question please let me know.....
Say something meaningful or Silence!!
  • #55,529
  • Apr 3, 2015 4:22am Apr 3, 2015 4:22am
Quoting MrAussieFX
I've been away from trading from past few weeks because of my work and whenever I tried to take a live trade it resulted in a losing one. So, After having two losing trades this week on H1 TF (Demo trading), I took EA H4 trade (Demo) in aspiration to turn it into daily trade and below is the chart for the same trade. Its better for me to turn back to demo and not risking real money if I can't put my 100% in trading. I suggest if you are having too many losing trades better switch back to demo and see where the problem resides. EA Trade {image} Kindest...
I know the feeling.... , ive taken a 70% loss in my live account over last 4 months , i have learnt alot mainly what not to do... an expensive lesson, but i find trading with my live account makes me more tuned to the market... and helps me not to over trade... which is one of my main problems.. but totally agree demo good place to retreat to reassess the trading plan.
By failing to prepare, you are preparing to fail - Benjamin Franklin
  • #55,530
  • Apr 3, 2015 4:33am Apr 3, 2015 4:33am
anyone taking the GU short setup?

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_35 Apr. 03 20.08.jpg Size: 169 KB
  • #55,531
  • Apr 3, 2015 4:41am Apr 3, 2015 4:41am
Quoting MrAussieFX
I've been away from trading from past few weeks because of my work and whenever I tried to take a live trade it resulted in a losing one. So, After having two losing trades this week on H1 TF (Demo trading), I took EA H4 trade (Demo) in aspiration to turn it into daily trade and below is the chart for the same trade. Its better for me to turn back to demo and not risking real money if I can't put my 100% in trading. I suggest if you are having too many losing trades better switch back to demo and see where the problem resides. EA Trade {image} Kindest...
Great trading Mr AussieFX.
  • #55,532
  • Apr 3, 2015 4:50am Apr 3, 2015 4:50am
Quoting evilmechy
Trades from this week A/U: 3 wins, 1 BE, 1 loss. 102pips E/U: 1 win 61.4pips G/U: 2 wins 96.9pips Total: 260.3pips {image} {image} {image} Not trading today since there will be NFP and with all the bank holidays. Good luck to everyone
Well done on these results
I Have Learned to Take Some Losses to Make Profits
  • #55,533
  • Apr 3, 2015 4:51am Apr 3, 2015 4:51am
Quoting MrAussieFX
I've been away from trading from past few weeks because of my work and whenever I tried to take a live trade it resulted in a losing one. So, After having two losing trades this week on H1 TF (Demo trading), I took EA H4 trade (Demo) in aspiration to turn it into daily trade and below is the chart for the same trade. Its better for me to turn back to demo and not risking real money if I can't put my 100% in trading. I suggest if you are having too many losing trades better switch back to demo and see where the problem resides. EA Trade {image} Kindest...
Great trade MrAussie
I Have Learned to Take Some Losses to Make Profits
  • #55,534
  • Apr 3, 2015 5:15am Apr 3, 2015 5:15am
Quoting haydo147
anyone taking the GU short setup? {image}

GA and GN would be better choices ..
but with very thin market liquidity, not nice to trade today.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,535
  • Apr 3, 2015 6:40am Apr 3, 2015 6:40am
Hi all
This is a bit off topic but i'm looking for some help with my MT4, lately when I add an object to a chart (trend line etc) it prints the object ok but when I change time frame it disappears, when I return to the original time frame the object has gone. Any ideas, I don't want to re install MT4 unless I have no other choice.
Thanks and sorry of the off topic post.
  • #55,536
  • Apr 3, 2015 6:45am Apr 3, 2015 6:45am
Quoting MrAussieFX
I've been away from trading from past few weeks because of my work and whenever I tried to take a live trade it resulted in a losing one. So, After having two losing trades this week on H1 TF (Demo trading), I took EA H4 trade (Demo) in aspiration to turn it into daily trade and below is the chart for the same trade. Its better for me to turn back to demo and not risking real money if I can't put my 100% in trading. I suggest if you are having too many losing trades better switch back to demo and see where the problem resides. EA Trade {image} Kindest...
Hi, how do you place the calender news on tdi ?
  • #55,537
  • Apr 3, 2015 6:48am Apr 3, 2015 6:48am
Quoting Next4467
Hi all This is a bit off topic but i'm looking for some help with my MT4, lately when I add an object to a chart (trend line etc) it prints the object ok but when I change time frame it disappears, when I return to the original time frame the object has gone. Any ideas, I don't want to re install MT4 unless I have no other choice. Thanks and sorry of the off topic post.

look through all the indicators which you have on that chart.
one of the indicator must have deleted all manually drawn objects when the chart TF is changed.
common coders error.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,538
  • Apr 3, 2015 6:53am Apr 3, 2015 6:53am
EURUSD H4 Mc breakout trade closed. Was looking at manually closing before NFP....but,

TP3 finally hit.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 2 Arpil H4 MC trades closed.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,539
  • Apr 3, 2015 6:55am Apr 3, 2015 6:55am
Quoting Phx62
EA H1 trades this week including breaks of trend lines at or near LO. Trade 1. Price broke short below trend line with TDI confirmation. Entry made on a break below the Frankfurt candle and on the 3rd candle. Still within the rules of TMS and my trading plan because candle 2 did not count (no body). Trade 2. Price broke long at LO with TDI confirmation and also broke the 3 touch trend line. Entry above high of Frankfurt candle. Trade 3. Again, price broke long at LO with TDI confirmation and a break of the 4 touch trend line. Entry above high of...
Hi,Phx62,
Thanks for your sharing the chart .I want to ask that when you are trading ,you still keep one pair ,one time,or when you trade the EA ,you will go back to see the EU or GJ,etc.

Regards.
  • #55,540
  • Apr 3, 2015 6:59am Apr 3, 2015 6:59am
Quoting emmanuel7788
EURUSD H4 Mc breakout trade closed. Was looking at manually closing before NFP....but, TP3 finally hit. {image}
Hi,emmuanel7788,
Thanks for sharing .it is amazing ,you are so patient in the trading .this 100 pips TP almost takes one day to hit TP.
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