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Trading Made Simple

  • #57,441
  • May 28, 2015 3:40pm May 28, 2015 3:40pm
Quoting Eod
{quote} hi dweb. your template is fantastic for the mtf control. can you tell me the indicator you use to see the graph and the tdi mtf????????? very interisting ...... regard
Hi Eod, Thanks for the compliment. See post #57446 where I uploaded the control....Happy pips to you
We err, and err, and err again, but less.
  • #57,442
  • May 28, 2015 3:56pm May 28, 2015 3:56pm
Took some trades today , EA at LO opens continuation , GU after news set the high of the day
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EA_H1.jpg Size: 335 KB
Click to Enlarge Name: GU_H1.jpg Size: 320 KB
I Have Learned to Take Some Losses to Make Profits
  • #57,443
  • May 28, 2015 4:06pm May 28, 2015 4:06pm
Quoting dweb
{quote} Hi Eod, Thanks for the compliment. See post #57446 where I uploaded the control....Happy pips to you
excellent. thanks a lot......
  • #57,444
  • May 28, 2015 6:02pm May 28, 2015 6:02pm
Quoting MrAussieFX
Which TDI cross will you take ? {image} Edit: In the last case MBL is not above 50 line but sloping up Kindest Regards
Nice chart here

First one TDI red green crosses over from Over Sold zone, good angle, separation red and green and a lot of space to travel until it hits major resistence on MBL, with HL , valid to trade

Second TDI red green crosses MBL and 50 line, another valid to trade

Third, TDI green hitting resistance TSL but not crossing TSL, in that case with MBL is still below at 50 line, consolidation

Fourth, TDI red green crosses MBL, TSL and 50 line all at the same time, with red and MBL turning up, valid to trade and good one as well
I Have Learned to Take Some Losses to Make Profits
  • #57,445
  • May 28, 2015 6:26pm May 28, 2015 6:26pm
Quoting MrAussieFX
This afternoon (around 3:00 pm AEST) when I get a new 4Hr candle, I spotted a strong TDI cross on EA daily, one of a kind you don't wanna miss which I'll discuss in next post but below is how I prepared myself for this particular trade and what were the results. How was my Daily chart looking ? {image} How was my EA H4 was looking ? {image} Why did I put the pending order ? Candlesticks view {image} APB view {image} Pullback confluences on H1 chart ? {image} Profit target hit {image} Kindest Regards
Took it right at LO, good retracement entry here , I use EMA 10 and fibs convergence as well to take entries on retracement
I Have Learned to Take Some Losses to Make Profits
  • #57,446
  • May 28, 2015 7:55pm May 28, 2015 7:55pm
GBPCAD H4 29May

We see a bearish 3-Bar pattern on D1 chart, so my trading bias for today Tokyo open is sell.
Remember we are in a ranging market type with the price action within the D1 big candle or a Wide Range Bar.
Intraday support is this week' open and that BRN 1.9000.
It is Friday and the concluding day for the G7 meeting. Not to hold open trades over this weekend.
Next week, we start a new Month , a new MN candle and new W1 candle.
Everyone needs time over this weekend to update all your Big Picture Plan and prepare for new trading next month.

Japanese candle chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD week 29May H4 Tokyo.png Size: 42 KB


TMS 5-Method chart:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD week 29May H4 TMS chart.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,447
  • May 28, 2015 8:11pm May 28, 2015 8:11pm
Quoting tibovwh
Took this trade on NZD/USD today. What do you think? {image}
http://www.forexfactory.com/attachme...1&d=1432834587

Nice trade!

I LIKE clean charts. We can see the price swings much easier.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,448
  • May 28, 2015 10:29pm May 28, 2015 10:29pm
Mr. Emmanuel,

When you create the W1, D1, and H4 WRB levels on your chart prior to the trading week; is that an indicator you use that drops the line value number by the line you draw, or do type it in the value manually after you draw the line?

Thanks Big Emm
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-05-28_20h33_36.png Size: 33 KB
  • #57,449
  • May 29, 2015 1:30am May 29, 2015 1:30am
Quoting dweb
{quote} Hey jjventural, It is called pipware Charts. I only use it once I launched LONG Orders - I am a newbie, so it helps to keep me calm!!! Lots to learn though... To view the Currency: ++ Load control ++ leave the options false, and click OK. TF of chart does not impact what control shows. to View the TDI: ++ Load Control (again, if you loaded it to view the currency) ++ Set TDIMode = True, Click OK Play around with settings to get your desired effect. {file} {image}
Mamy, many thanks dweb.....
  • #57,450
  • Edited 2:56am May 29, 2015 2:42am | Edited 2:56am
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,

Shouldn't this say how many lots at XX pips?
If I place one order for 0.03 lots, should it say something like 0.01 lots for each batch instead of 0.00 Lots?
Setting:
Take profit by batch=True
1st percent=33
2nd percent=33
3rd percent=33
1st pips=30
2nd pips=80
3rd pips=100

Attached Image


Here is what I want to happen:
Open one order for 0.03 lots then have cavemanager do this.

TP1=30 PIPS (0.01 lots)
TP2=80 PIPS (0.01 lots)
TP3=100 PIPS (0.01 lots)
SL=55 PIPS
TRAIL=30 PIPS

Any thoughts? From anyone that is good at Cavemanager settings or presets?
  • #57,451
  • May 29, 2015 2:56am May 29, 2015 2:56am
Hello traders.
Could someone please help me to work out my leverage, I'm trading mini lots my bank is 100, im over leveraged is there a formula to work out the leverage?
Thank you
  • #57,452
  • May 29, 2015 2:59am May 29, 2015 2:59am
Quoting Phantom5000
{quote} Shouldn't this say how many lots at XX pips? If I place one order for 0.03 lots, should it say something like 0.01 lots for each batch instead of 0.00 Lots? Setting: Take profit by batch=True 1st percent=33 2nd percent=33 3rd percent=33 1st pips=30 2nd pips=80 3rd pips=100 {image} Here is what I want to happen: Open one order for 0.03 lots then have cavemanager do this. TP1=30 PIPS (0.01 lots) TP2=80 PIPS (0.01 lots) TP3=100 PIPS (0.01 lots) SL=55 PIPS TRAIL=30 PIPS Any thoughts? From anyone that is good at Cavemanager settings or presets?...
Have you set CM to use micro lots ? Last setting in the dialog box
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,453
  • May 29, 2015 3:04am May 29, 2015 3:04am
Quoting Lookleft
{quote} Have you set CM to use micro lots ? Last setting in the dialog box
BOOOOOM!! Thank You!!!

Attached Image
  • #57,454
  • May 29, 2015 3:50am May 29, 2015 3:50am
Quoting MrAussieFX
{quote} Hishamzz, I may be wrong on that NY open candle as I was taking that note from forex factory and to be honest I was half asleep (long hours of work) when editing my charts for upload to TMS. I believe you can find the right Session open from the FF homepage. Apologies about that NY open session thing. Kindest Regards
No worries sir! Was just confused myself

Zz
  • #57,455
  • May 29, 2015 6:13am May 29, 2015 6:13am
Quoting Karado58
Mr. Emmanuel, When you create the W1, D1, and H4 WRB levels on your chart prior to the trading week; is that an indicator you use that drops the line value number by the line you draw, or do type it in the value manually after you draw the line? Thanks Big Emm {image}

Hi,

Those high - low lines are not drawn by indicator.

I am a lazy trader. I draw those high-low lines using MT4 scripts then I manually write name labels when I make my charts for posting.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,456
  • May 29, 2015 6:27am May 29, 2015 6:27am
Quoting emmanuel7788
GBPCAD H4 29May We see a bearish 3-Bar pattern on D1 chart, so my trading bias for today Tokyo open is sell. Remember we are in a ranging market type with the price action within the D1 big candle or a Wide Range Bar. Intraday support is this week' open and that BRN 1.9000. It is Friday and the concluding day for the G7 meeting. Not to hold open trades over this weekend. Next week, we start a new Month , a new MN candle and new W1 candle. Everyone needs time over this weekend to update all your Big Picture Plan and prepare for new trading next month....
Took the H4 trade today when Tokyo open and added 2nd Pos during London session with that H4 BEOB. Now now managing before NYO and eyeing the D1 WRB Low for TP.
Will close these trades before London closes today and not keeping any trades open over the weekend.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD week 22 29May H4 trades.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,457
  • May 29, 2015 6:51am May 29, 2015 6:51am
GBPJPY H1 +110 (+30 +50 +30)
Complete set and forget trade as I had to go out. Pending Order set at YL with CM managing complete trade. TP1 30 pips, TP2 50 pips and TP3 75 pips. CP set to +20 and 21 pip TSL.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 31 KB
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,458
  • May 29, 2015 7:04am May 29, 2015 7:04am
EURJPY H4 on breaking out... are you in this trade?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,459
  • Edited 9:02am May 29, 2015 8:49am | Edited 9:02am
Quoting emmanuel7788
EURJPY H4 on breaking out... are you in this trade?
I took a long position on CHF/JPY on 15M chart.

edit: i originally entered with 15 lots and closed 2/3 on the first pullback. See for yourself how it shot up again... Anyway, responsibility is all mine I guess
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB
  • #57,460
  • May 29, 2015 9:00am May 29, 2015 9:00am
Going to end the day with London close. My this week's trading results is a grand total of: -30 pips *bleagh*

However starting swing trading the H4 with the trend seems to improve my profitability - at the very least CM got me out @BE with some pips (somewhat I'm scalping the H4) and the occasional 100 pip winner

The H1 was giving me too many fake outs - win some lose alot. Probably an area I need to improve on

One question: how many trades can CM handle? I tried two it worked fine no idea what is the max though?
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