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  • #56,441
  • May 2, 2015 7:54am May 2, 2015 7:54am
Quoting mousteven
{quote} Dear Emmanuel: I see the highlighted window in the image that "Use TP_By_Batch" is "false', isn't that supposed to be "true"? Can I also take a peek at the rest of your CaveManager setting? Many thanks in advance. best regards, mousteven
Hi mousteven! plz see the post#56435, download the rar file, settings are there. Hope this helps.

Regards,
Winners Never Quit, Quitters Never Win
  • #56,442
  • May 2, 2015 3:18pm May 2, 2015 3:18pm
Quoting Sesamstrasse
{quote} Excellent posts the last months ..you re doing really a great job here !!... subscribed to you ... Echt gut gemacht !Guido
Danke!

Quoting Ballistical
{quote} Hi ZeF, I've been following this pair for a while and don't ever remember seeing an LO candle like yesterday's. Pretty disappointed to have missed it. The 25 pip SL can be tricky and I certainly wouldn't use any less during LO. Most of the times that I take a loss, it's because I enter too early on while the initial LO noise is occurring, or I get the trend direction for the session wrong. It's best to wait for some clear PA confirmation to signal that the London trend has begun and then jump in. I'd say the best way to come up with some...
Thanks for the info!

Quoting hsn100
{quote} Hi Zef! What a great effort buddy!
Hi hsn,
Thanks! FF is a gold mine and the TMS thread is a gem.
Best regards, Zef
  • #56,443
  • May 3, 2015 2:38am May 3, 2015 2:38am
Quoting mousteven
{quote} Dear Emmanuel: I see the highlighted window in the image that "Use TP_By_Batch" is "false', isn't that supposed to be "true"? Can I also take a peek at the rest of your CaveManager setting? Many thanks in advance. best regards, mousteven

Hi mousteven,

To enable the feature, you need to set the "Use TP_by_Batch" to 'true'.

For explanation of the settings:
I made a pdf for member hsn100.
CM parameter setting for HSN : Post#56,308

How to use the various CM trade management features and settings depends on your money management strategy and your trade exit strategy. If you let me know what your exit strategy is, I can help you set up the parameters.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,444
  • May 3, 2015 2:59am May 3, 2015 2:59am
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 ?

Hi TSS,

Cavemanager can only manage one single trade at a time on one chart. If you enter 3 positions using the multi-lots entry, then it will not manage all three positions the way it should.
When you want to use CM, the way around this is to enter one big position which is total of the 3 x multi-lots.
See the GBPUSD example below:
CM will exit 50% of the open position at TP1 +25pips
The it will exit the next 25% of the open position at TP2 +50pips.
The remaining 25% will run depends on other features in the setting.
In the chart below, it will use the Trail_by_Prev_Candle HL, in this case it will move your SL after the TP2 exit, trailing the last price bar/candle high by 3pips.
This method of trailing is good when there is a breakout and your trade will usually be stopped when there is price consolidation.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD CM Trail-by-Prev_Candle_HL.png Size: 84 KB


Hope this is explain clear enough.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,445
  • May 3, 2015 3:00am May 3, 2015 3:00am
Quoting emmanuel7788
{quote} Hi mousteven, To enable the feature, you need to set the "Use TP_by_Batch" to 'true'. For explanation of the settings: I made a pdf for member hsn100. CM parameter setting for HSN : Post#56,308 How to use the various CM trade management features and settings depends on your money management strategy and your trade exit strategy. If you let me know what your exit strategy is, I can help you set up the parameters. regards,
Dear Emm,
If CM is rules out, due to fat that it cnt handle multi pairs, how do we plan a 50 and / or 100 piper movement?
1. Move the trade to BE after, say, 18 - 25 pips and allow the pair, risking the BE to be hit ...
2. Activate 18 - 25 pips Trailing SL ... again risking TSL to be hit ...
3. Keep moving SL behind each closed 1H candle ...

Thanks
  • #56,446
  • May 3, 2015 3:02am May 3, 2015 3:02am
Quoting emmanuel7788
{quote} Hi mousteven, To enable the feature, you need to set the "Use TP_by_Batch" to 'true'. For explanation of the settings: I made a pdf for member hsn100. CM parameter setting for HSN : Post#56,308 How to use the various CM trade management features and settings depends on your money management strategy and your trade exit strategy. If you let me know what your exit strategy is, I can help you set up the parameters. regards,
Dear Emm,
If CM is ruled out, due to fat that it cnt handle multi pairs / multi entries, how do we plan a 50 and / or 100 piper movement?
1. Move the trade to BE after, say, 18 - 25 pips and allow the pair to run, risking the BE to be hit ...
2. Activate 18 - 25 pips Trailing SL ... again risking TSL to be hit ...
3. Keep moving SL behind each closed 1H candle ...

Thanks
  • #56,447
  • Edited 5:52am May 3, 2015 3:18am | Edited 5:52am
Quoting adikashyap
{quote} Dear Emm, If CM is rules out, due to fat that it cnt handle multi pairs, how do we plan a 50 and / or 100 piper movement? 1. Move the trade to BE after, say, 18 - 25 pips and allow the pair, risking the BE to be hit ... 2. Activate 18 - 25 pips Trailing SL ... again risking TSL to be hit ... 3. Keep moving SL behind each closed 1H candle ... Thanks

Hi adikashyap,

You don't need to use CM. In fact you can simply place your orders using scripts to place multiple entries and multiple exits.
For example, instead of placing one single order 0.4 lots, you can do this:-
Order #1 0.1 lot SL 50pips, TP 25pips
Order #2 0.1 lot SL 50 pips, TP 25pips
Order #3 0.1 lot SL 50pips, TP 50pips
Order #4 0.1 lot, SL 50 pips, TP100pips.

The total of 4 orders must not exceed your %risk for the trade.
Usually when your entry are A+++ , the 2 orders with 25pips will be hit quite fast and these will reduce the overall risk of your trades which the SL remains at -50pips.
You can then manually move your SL for the 3rd and 4th orders as you wish.
The best way is move the SL for the order #4 to BE when market moved +50pips i.e. after TP taken for order#3.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,448
  • May 3, 2015 5:40am May 3, 2015 5:40am
EURAUD-WK
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD-WK_Analysis.png Size: 148 KB
Sad i'm not trying to understand PA
  • #56,449
  • May 3, 2015 7:17am May 3, 2015 7:17am
Good trading opportunities on upcoming week for AUD traders, with red news almost every day. Also NFP and Yellen speech late in the week are guaranteed to bring some pips!

Don't forget about the UK bank holiday tomorrow as well.



Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.png Size: 60 KB
Best regards, Zef
  • #56,450
  • May 3, 2015 9:34am May 3, 2015 9:34am
Quoting hsn100
{quote} Hi mousteven! plz see the post#56435, download the rar file, settings are there. Hope this helps. Regards,
Thank you, Hsn100, I will read it through and try it. : )
  • #56,451
  • May 3, 2015 9:40am May 3, 2015 9:40am
Quoting emmanuel7788
{quote} Hi mousteven, To enable the feature, you need to set the "Use TP_by_Batch" to 'true'. For explanation of the settings: I made a pdf for member hsn100. CM parameter setting for HSN : Post#56,308 How to use the various CM trade management features and settings depends on your money management strategy and your trade exit strategy. If you let me know what your exit strategy is, I can help you set up the parameters. regards,
Hi Emmanuel,
I still can't define what would be a good exit strategy since I'm just a newbie. I will try to setup your way based on the previous posts you mentioned first, and see how it goes.

Thank you


mousteven
  • #56,452
  • May 3, 2015 10:00am May 3, 2015 10:00am
Quoting emmanuel7788
{quote} Hi TSS, Cavemanager can only manage one single trade at a time on one chart. If you enter 3 positions using the multi-lots entry, then it will not manage all three positions the way it should. When you want to use CM, the way around this is to enter one big position which is total of the 3 x multi-lots. See the GBPUSD example below: CM will exit 50% of the open position at TP1 +25pips The it will exit the next 25% of the open position at TP2 +50pips. The remaining 25% will run depends on other features in the setting. In the chart below,...
That will do Emanuel, thanks for explaining that in details, appreciate it
I Have Learned to Take Some Losses to Make Profits
  • #56,453
  • May 3, 2015 12:43pm May 3, 2015 12:43pm
Quoting omonisha
EURAUD-WK {image}
Thanks Omonisha for putting up this chart. I am more interested in how you would trade this pair. Do we go long because of the divergence or do we go short because there was a LL and no HH.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDWeekly.png Size: 57 KB
the cautious seldom err....C
  • #56,454
  • May 3, 2015 2:52pm May 3, 2015 2:52pm
Quoting pips29
{quote} Thanks Omonisha for putting up this chart. I am more interested in how you would trade this pair. Do we go long because of the divergence or do we go short because there was a LL and no HH. {image}
For me there is no clear long term direction for this pair at this moment. If i zoom out a little bit i can see that WRB is at historical swing area. If i get chance i will trade it both way on LTF. So i marked my level of interest both side. If to short i will target some portion of level 1 and 3. No short for me below 3. On level 3 i will only like to long. I see that LL. But i also aware of that price failed to close below previous swing level. My over all bias is bullish for this pair at this moment. Not just for the Divergence but also for the price bar. Divergence is just a confluence adding more weight to PA.

Just my view
Sad i'm not trying to understand PA
  • #56,455
  • May 3, 2015 10:45pm May 3, 2015 10:45pm
Quoting omonisha
{quote} For me there is no clear long term direction for this pair at this moment. If i zoom out a little bit i can see that WRB is at historical swing area. If i get chance i will trade it both way on LTF. So i marked my level of interest both side. If to short i will target some portion of level 1 and 3. No short for me below 3. On level 3 i will only like to long. I see that LL. But i also aware of that price failed to close below previous swing level. My over all bias is bullish for this pair at this moment. Not just for the Divergence but also...
EURAUD week 19 D1 chart view:

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD week 19 4May D1 view.png Size: 85 KB


D1 chart is trading within the high-low of the previous months.
Current H4 is in consolidation BRN 1.4300 so we do not take any H4 TDI cross setups until we see PA break away for the H4 range.
Trading H1 would be the better option for today, and keeping the target at 100pips would be good since it is Monday.
You have the option to use TP1 set to +25pips which works out most of the time when you pick the A+++ entry.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,456
  • May 4, 2015 1:02am May 4, 2015 1:02am
Quoting emmanuel7788
{quote} EURAUD week 19 D1 chart view: {image} D1 chart is trading within the high-low of the previous months. Current H4 is in consolidation BRN 1.4300 so we do not take any H4 TDI cross setups until we see PA break away for the H4 range. Trading H1 would be the better option for today, and keeping the target at 100pips would be good since it is Monday. You have the option to use TP1 set to +25pips which works out most of the time when you pick the A+++ entry. Trade Well.
Thanks EMU. Yes no H4 trading for now as we are in range
Sad i'm not trying to understand PA
  • #56,457
  • Edited 3:16am May 4, 2015 2:56am | Edited 3:16am
Quoting omonisha
{quote} Thanks EMU. Yes no H4 trading for now as we are in range
There was also wide range H1 during Tokyo morning session.
I decided to look for trade in M15.

FO candle closed bearish and nice setup for M15 entry.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 4May M15 trade FO.png Size: 65 KB


Now must be patient to see if there will be a bearish breakout of that H4 WRB.
If not, we can look for the reversal during later part of London session.

Edit: update at LO+1 hour

Took TP2 +50pips amd move initial SL to BE. Now wait to see if TP3 will be hit later.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 4May M15 trade FO update2.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,458
  • May 4, 2015 3:19am May 4, 2015 3:19am
Quoting emmanuel7788
{quote} There was also wide range H1 during Tokyo morning session. I decided to look for trade in M15. FO candle closed bearish and nice setup for M15 entry. {image} Now must be patient to see if there will be a bearish breakout of that H4 WRB. If not, we can look for the reversal during later part of London session. Edit: update at LO+1 hour Took TP2 +50pips amd move initial SL to BE. Now wait to see if TP3 will be hit later. {image}
EURAUD-H1.. I am in too
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-05-04_14-17-30EURAUD.png Size: 35 KB
Sad i'm not trying to understand PA
  • #56,459
  • May 4, 2015 3:26am May 4, 2015 3:26am
Quoting emmanuel7788
{quote} There was also wide range H1 during Tokyo morning session. I decided to look for trade in M15. FO candle closed bearish and nice setup for M15 entry. {image} Now must be patient to see if there will be a bearish breakout of that H4 WRB. If not, we can look for the reversal during later part of London session. Edit: update at LO+1 hour Took TP2 +50pips amd move initial SL to BE. Now wait to see if TP3 will be hit later. {image}
Quoting omonisha
{quote} EURAUD-H1.. I am in too {image}
I took the same move. Classic TMS bounce setup at LO. With it being GBP bank holiday, I decided to stick with 50 pip target today. A good start to the week
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 24 KB
Focus on the process and the profits will follow
  • #56,460
  • May 4, 2015 3:27am May 4, 2015 3:27am
Quoting Ballistical
{quote} {quote} I took the same move. Classic TMS bounce setup at LO. With it being GBP bank holiday, I decided to stick with 50 pip target today. A good start to the week {image}
Superb nice trading Ballistical
Sad i'm not trying to understand PA
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