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Trading Made Simple

  • #56,401
  • Edited 7:07pm Apr 30, 2015 8:30am | Edited 7:07pm
Quoting emmanuel7788
{quote} Phx62, nice trades. What is the basis for setting your CM TP_Batch in pips to 35, 65 and 100pips. You were using 50,100,150 in recent weeks. What are your TP Batch percent for 1st, 2nd and 3rd Batch? {image} thanks regards,
At the end of last week, the ADR for this pair was 150 to 170. It is difficult to regularly pick up more than 60% of the ADR when just trading mostly just the one session, so I adjusted my TP's. Two days that I traded this week had a much higher range for the day, so I reached TP easily, in fact got two trades on Tuesday because of price movement. I am learning to be less greedy and just take what the market is offering. It is no stress trading.
My settings are 33.3, 33.3 & 33.4 on the TP batch percentages.
Regards
  • #56,402
  • Apr 30, 2015 8:48am Apr 30, 2015 8:48am
nobody there
  • #56,403
  • Apr 30, 2015 8:58am Apr 30, 2015 8:58am
Quoting TheScorpS
Took Gold and went with really nice lot size, closed the main lot with + 22 pips and the reaming hit tp at +50 pips {image}
Could you please explain why you entered after such a big candle?

Thank you very much
Had to be me. Someone else might have gotten it wrong.
  • #56,404
  • Apr 30, 2015 9:00am Apr 30, 2015 9:00am
Quoting jeank
COULD SOMEBODY TELLS ME wich mt4 build plateform i need to use the synergy pro apb ? i have the mt4 4.00 build 765 version . Sorry for the question but i cant see the synergi pro apb and the template in my mt4 after download it in my indicators and in the template sector.
Same build as my platforms and everything works fine. Have you got a screenshot that might give a clue.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #56,405
  • Apr 30, 2015 9:27am Apr 30, 2015 9:27am
Quoting TheScorpS
Took Gold and went with really nice lot size, closed the main lot with + 22 pips and the reaming hit tp at +50 pips {image}
sir, how to draw short trendline like u do in mt4? is there any indicator/script to use? thx
  • #56,406
  • Edited 10:15am Apr 30, 2015 9:36am | Edited 10:15am
Quoting emmanuel7788
{quote} HI HSN, This trade closed for this month. CM did the work for us. {image} regards,
Hi Big Emman! yeah it did. I, likewise, got some nice pips out of it, thanx to u as ur analysis was spot on. Now, i'm eyeing on EU. RSI is at nice angle, it's below the 68, PA above 100ema on chart and supply/demand zone is @1.1344. 200 ema is also above the supply/demand zone. Piercing Line pattern is visible at 4-5 candles before the daily candle with tdi bouncing. Now, waiting for the friday's candle (oh, i forgot, no trade tomorrow, long weekend). plz correct me, if i'm wrong. What's ur take on it.

Regards,
Attached Image
Winners Never Quit, Quitters Never Win
  • #56,407
  • Apr 30, 2015 10:12am Apr 30, 2015 10:12am
Quoting Lookleft
{quote} When I took the synergy pro APB out of my indi folder the MTF didn't want to play so I guess the code in the MTF needs the original and unchanged APB. Didn't try without the TDI as I've got some pips cooking
Now its running, i had the APB in my folder, but another one was missing, not sure which one, i copied the whole synergy indicator folder and replaced the existing indicators. Sweet, thank you
  • #56,408
  • Apr 30, 2015 12:37pm Apr 30, 2015 12:37pm
Quoting emmanuel7788
{quote} Phx62, nice trades. What is the basis for setting your CM TP_Batch in pips to 35, 65 and 100pips. You were using 50,100,150 in recent weeks. What are your TP Batch percent for 1st, 2nd and 3rd Batch? {image} thanks regards,
Hi EMU

In what way I can start using this manager, I was thinking that if you go with 3 lots , then you want first lot to be closed at +21 pips, second at +50 and third one at +100 , how is that done on CM ?
I Have Learned to Take Some Losses to Make Profits
  • #56,409
  • Apr 30, 2015 12:41pm Apr 30, 2015 12:41pm
Quoting mordin
{quote} Could you please explain why you entered after such a big candle? Thank you very much
Nothing special, just momentum following news, I had a pre-plan on shorting Gold , I missed the intial move, so went with the open of the new H1 candle, on momentum and price acceleration with good timings of the day, price wont have a chance to retrace much, actually I have had no DD single after entry.
I Have Learned to Take Some Losses to Make Profits
  • #56,410
  • Apr 30, 2015 12:42pm Apr 30, 2015 12:42pm
Quoting aidilts
{quote} sir, how to draw short trendline like u do in mt4? is there any indicator/script to use? thx
Just manually drawn, learned that from Phx62 and from back-testing and daily trading the LO and NYO session

Look at Phx62 last weekly trades and see how he implements trendlines on his chart, try to learn something there and use it everywhere, everyday
I Have Learned to Take Some Losses to Make Profits
  • #56,411
  • Apr 30, 2015 1:54pm Apr 30, 2015 1:54pm
Quoting emmanuel7788
{quote} Hi camron, Welcome back! Interesting that you have so many open buy positions. You know that you are ranging market for several weeks? Can you identify that weekly wide range bar WRB which set the rangng market? If this week close above the Weekly WRB high, we may see a bullish EU but with the Greece decision next week, we expect more Euro volatility. regards,
Yes, I now see the WRB bar. So it's a good idea to look on lower TF for retracement and bullish signals?
  • #56,412
  • Edited 3:02pm Apr 30, 2015 1:55pm | Edited 3:02pm
Quoting Phx62
Done for the week. No trades on Monday, I was at the cabin enjoying the snow on a long weekend. Five trades this week on GA H1, all during the London session. Only one did not reach all 3 TP's. Closed that one manually and re-entered short. {image}
On Wednesday I was on that LO trade too. Entered about 20 pips below your entry and had the CM close at BE after what it looked like a 35 pip DD, only for price to move down 70p more. You seem to avoid those BE whipsaws ...... how do you do it ? No BE - you just let the trade develop ?

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Quoting TheScorpS
{quote} Well done on EA , missed it today at LO was focusing at EJ and ended up closing EJ for nothing when it gave gazillion of pips today
Thanks - nice one on gold. All major euro pairs were wild today.


A great weekend everyone!
Best regards, Zef
  • #56,413
  • Apr 30, 2015 7:03pm Apr 30, 2015 7:03pm
[quote=ZeF;8238374]{quote} On Wednesday I was on that LO trade too. Entered about 20 pips below your entry and had the CM close at BE after what it looked like a 35 pip DD, only for price to move down 70p more. You seem to avoid those BE whipsaws ...... how do you do it ? No BE - you just let the trade develop ? {image} {quote}
My BE setting on CM for this pair is 36 pips. My SL is 50, so unless price comes back to my SL, I stay in, based on what I have read on the charts. If I see price consolidating, I may move my SL closer or close out the trade. In the case of the second Wednesday trade, I had a good cross of the TDI and none of the candles closed blue, so I stayed in. Once price reached 35, it locked in that first TP, moved to BE at 36 pips and the 50 pip trailing stop kicked in at 50 pips profit. If price had reversed before hitting the third TP, I would have been stopped out on the trailing SL.
Hope this helps.
  • #56,414
  • Apr 30, 2015 7:10pm Apr 30, 2015 7:10pm
Quoting TheScorpS
{quote} Hi EMU In what way I can start using this manager, I was thinking that if you go with 3 lots , then you want first lot to be closed at +21 pips, second at +50 and third one at +100 , how is that done on CM ?
ScorpS
See Emmanuel's post #56397 on the last page. He highlighted the box where you decide batches. Then see my answer posted at 56404.
Hope this helps.
  • #56,415
  • Apr 30, 2015 9:13pm Apr 30, 2015 9:13pm
i big emm can i ask you a few question about the thv cavemanager
is the cavemanager still running even if we turn off the computer?sorry for the silly question but just want to make sure if maybe i want to go and let the trade
  • #56,416
  • Apr 30, 2015 10:14pm Apr 30, 2015 10:14pm
Quoting hsn100
{quote} Hi Big Emman! yeah it did. I, likewise, got some nice pips out of it, thanx to u as ur analysis was spot on. Now, i'm eyeing on EU. RSI is at nice angle, it's below the 68, PA above 100ema on chart and supply/demand zone is @1.1344. 200 ema is also above the supply/demand zone. Piercing Line pattern is visible at 4-5 candles before the daily candle with tdi bouncing. Now, waiting for the friday's candle (oh, i forgot, no trade tomorrow, long weekend). plz correct me, if i'm wrong. What's ur take on it. Regards, {image}
Hi, hsn100, i keep studying TMS system for long time and this is my first post because i feel that i am still a newbier. one of my problem is that it is difficult to judge the pattern of candel. i find that there is an good indicator can show candel pattern in your image, such as morning star evening star,etc, it will be really helpful to me. so could you share it. thank you.
  • #56,417
  • May 1, 2015 12:27am May 1, 2015 12:27am
Quoting Phx62
{quote} ScorpS See Emmanuel's post #56397 on the last page. He highlighted the box where you decide batches. Then see my answer posted at 56404. Hope this helps.
Thanks a lot for your input, I have now notice the post when you answered me, I will try to set them up on a separate Demo account for the time being and study them for sometime and test them

Since Emmanuel started using this Cave Manager and his teachings made it so simple with the chart he keeps posting to us , never think I could have done that on my own , thanks for keeping us updated with your charts , they help us learn day in day out, now the chart starts to speak to me while trading, price and indicator are synced together , PA, TMS and Timings is the way to go
I Have Learned to Take Some Losses to Make Profits
  • #56,418
  • May 1, 2015 1:28am May 1, 2015 1:28am
Quoting vayzardos
i big emm can i ask you a few question about the thv cavemanager is the cavemanager still running even if we turn off the computer?sorry for the silly question but just want to make sure if maybe i want to go and let the trade
Hi vayzardos,

Like all EA's Cavemanager runs on your computer and not the brokers server so if you turn off your computer it stops working. However when you open a trade and use CM to set the initial SL and TP they will remain even if you turn off your PC.

Hope this helps.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #56,419
  • May 1, 2015 2:04am May 1, 2015 2:04am
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  • #56,420
  • May 1, 2015 3:16am May 1, 2015 3:16am
Quoting Lookleft
{quote} Hi vayzardos, Like all EA's Cavemanager runs on your computer and not the brokers server so if you turn off your computer it stops working. However when you open a trade and use CM to set the initial SL and TP they will remain even if you turn off your PC. Hope this helps.
Hi

Except if you have a VPS and the EA runs on there, in which case your VPS computer is always on and the EA are then always on as well.
But running a VPS is quite another beast to tame and definitely not for beginners, I have learned some very expensive lessons before I could start to use them well.
Never give up !!!
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