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Trading Made Simple

  • #57,461
  • May 29, 2015 7:26am May 29, 2015 7:26am
Quoting arize
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?
CM was designed to manage 1 trade per pair. Using it to manage more than one trade on a single pair can give strange results.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,462
  • May 29, 2015 7:27am May 29, 2015 7:27am
Quoting Lookleft
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. {image}
Very nice trading LT
Sad i'm not trying to understand PA
  • #57,463
  • May 29, 2015 7:34am May 29, 2015 7:34am
Quoting omonisha
{quote} Very nice trading LT
Thanks OS but you are a very hard act to follow
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,464
  • May 29, 2015 8:23am May 29, 2015 8:23am
Quoting Lookleft
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. {image}
Well done , took it right at LO opens, management was really off, out at BE after price moved +30 pips
I Have Learned to Take Some Losses to Make Profits
  • #57,465
  • May 29, 2015 9:28am May 29, 2015 9:28am
Quoting emmanuel7788
{quote} 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,
Hi Emmanuel,
I was not referring to the "Label", but the Price Level, underneath and to the left of the line.
The reason I ask, is because I've looked all over for an indicator that allows one to draw a horizontal line of specific length, anywhere on the chart, and have the price level appear as well.
Thanks Emmanuel.
  • #57,466
  • May 29, 2015 9:57am May 29, 2015 9:57am
Catch some pip this week,
I was only looking for short trade on GU, and one more EJ trade at Tuesday
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 65 KB
Click to Enlarge Name: EURJPYH1.png Size: 38 KB
  • #57,467
  • May 29, 2015 8:09pm May 29, 2015 8:09pm
Quoting Karado58
{quote} Hi Emmanuel, I was not referring to the "Label", but the Price Level, underneath and to the left of the line. The reason I ask, is because I've looked all over for an indicator that allows one to draw a horizontal line of specific length, anywhere on the chart, and have the price level appear as well. Thanks Emmanuel.

Try these here.
You can customize them to what you need.
https://www.mql5.com/en/code/9711

https://www.mql5.com/en/code/9689
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,468
  • May 29, 2015 9:22pm May 29, 2015 9:22pm
Quoting emmanuel7788
{quote} Try these here. You can customize them to what you need. https://www.mql5.com/en/code/9711 https://www.mql5.com/en/code/9689
Thank you Emmanuel, just what I was looking for; have a fantastic weekend, and everyone else as well!
  • #57,469
  • May 29, 2015 9:32pm May 29, 2015 9:32pm
Quoting Pervis
Catch some pip this week, I was only looking for short trade on GU, and one more EJ trade at Tuesday {image} {image}
Perfect representation of TMS , great results and trading , thanks
I Have Learned to Take Some Losses to Make Profits
  • #57,470
  • May 29, 2015 10:41pm May 29, 2015 10:41pm
This Question is off TMS topic and I'm sorry for that.
Lots of traders here use SupDem to mark / represent S/R zones ....
On EU4 chart, I have manually drawn Historical levels (in red) ... Those levels where Price tried at least TWICE to break, but bounced off (marked in white boxes) ...
That way, there has to be 10 historical levels ...
Buy Sup Dem shows only 3 levels ...
My question / doubt is WHY?
What are the parameters that Sup Dem follows to print the levels?
Or am I doing in any mistake in manually drawing the levels?
Thanks ...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 33 KB
  • #57,471
  • May 29, 2015 11:02pm May 29, 2015 11:02pm
Quoting Pervis
Catch some pip this week, I was only looking for short trade on GU, and one more EJ trade at Tuesday {image} {image}
Hi Pervis,

Great trades on GU. I hope you don't mind me editing your GU H1 chart and reposting it for anyone who wants to learn how TMS works when you are patient and disciplined in your trading approach.

Pervis GU H1 chart edited:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 Pervis chart edited.png Size: 158 KB


Kindest Regards
  • #57,472
  • May 29, 2015 11:28pm May 29, 2015 11:28pm
Quoting adikashyap
This Question is off TMS topic and I'm sorry for that. Lots of traders here use SupDem to mark / represent S/R zones .... On EU4 chart, I have manually drawn Historical levels (in red) ... Those levels where Price tried at least TWICE to break, but bounced off (marked in white boxes) ... That way, there has to be 10 historical levels ... Buy Sup Dem shows only 3 levels ... My question / doubt is WHY? What are the parameters that Sup Dem follows to print the levels? Or am I doing in any mistake in manually drawing the levels? Thanks ... {image}
Hello adikashyap,
I never used SupDem, but the following indi show the historical S/R levels. if you point to the line it will show the TF,date and time of that S/R.
the default show H4,D,W,M levels, with the option of showing LTF and trends.

hope it helps.
regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 71 KB
Attached File(s)
File Type: ex4 U_MTF_SRTrend_v2.ex4   23 KB | 686 downloads
"the public is not yet ready for it" W.D. GANN
  • #57,473
  • May 30, 2015 12:44am May 30, 2015 12:44am
Quoting adikashyap
This Question is off TMS topic and I'm sorry for that. Lots of traders here use SupDem to mark / represent S/R zones .... On EU4 chart, I have manually drawn Historical levels (in red) ... Those levels where Price tried at least TWICE to break, but bounced off (marked in white boxes) ... That way, there has to be 10 historical levels ... Buy Sup Dem shows only 3 levels ... My question / doubt is WHY? What are the parameters that Sup Dem follows to print the levels? Or am I doing in any mistake in manually drawing the levels? Thanks ... {image}
Hi adikashyap, I dont know for sure but looking at your chart I would say that the indi only shows levels that haven't yet been broken.
  • #57,474
  • May 30, 2015 1:49am May 30, 2015 1:49am
Quoting MrAussieFX
{quote} Hi Pervis, Great trades on GU. I hope you don't mind me editing your GU H1 chart and reposting it for anyone who wants to learn how TMS works when you are patient and disciplined in your trading approach. Pervis GU H1 chart edited: {image} Kindest Regards
for use caveManager 1:41, you have to use the indicators in the chart? which indicators should be used? you can put a file template? thanks
  • #57,475
  • May 30, 2015 4:01am May 30, 2015 4:01am
Hi EelFranz,

I am new to FX Trading and learning fast, I too would like to retire soon, a) I am 60 years old and b) I love FX Trading...

I quote you"red vertical line denotes a proper trade set up on the TDI.
My question is:
How do you enter the vertical lines on the charts please, is there a software we have or do I have to source one?

Thanks in advance for your valued support.
Kind regards,
Vincenzo.
  • #57,476
  • May 30, 2015 4:22am May 30, 2015 4:22am
Quoting adikashyap
This Question is off TMS topic and I'm sorry for that. Lots of traders here use SupDem to mark / represent S/R zones .... On EU4 chart, I have manually drawn Historical levels (in red) ... Those levels where Price tried at least TWICE to break, but bounced off (marked in white boxes) ... That way, there has to be 10 historical levels ... Buy Sup Dem shows only 3 levels ... My question / doubt is WHY? What are the parameters that Sup Dem follows to print the levels? Or am I doing in any mistake in manually drawing the levels? Thanks ... {image}
Adi,

Been reading across the street in britpip's thread that the sup/dem indie deletes printed zones once they've been broken by running PA. You can do your own back testing...I took his word for it.
Best regards, Zef
  • #57,477
  • May 30, 2015 4:56am May 30, 2015 4:56am
Hi! Scalping D chart, got some +35pips on EA last friday, but closed manually owing to Friday and end of the month. Now, looking forward to enter Long on Monday. Here is the chart. Big Emm and senior traders, need ur analysis/suggestion
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 89 KB
.

Regards,
Winners Never Quit, Quitters Never Win
  • #57,478
  • May 30, 2015 4:58am May 30, 2015 4:58am
Quoting ZeF
{quote} Adi, Been reading across the street in britpip's thread that the sup/dem indie deletes printed zones once they've been broken by running PA. You can do your own back testing...I took his word for it.
Hi AD! I've been using sup/dem indie and yes it deletes printed zones one's broken by PA.

Regards,
Winners Never Quit, Quitters Never Win
  • #57,479
  • May 30, 2015 5:13am May 30, 2015 5:13am
Quoting hsn100
{quote} Hi AD! I've been using sup/dem indie and yes it deletes printed zones one's broken by PA. Regards,

this is why Sup/Dem is useless when we trade TMS with Price Action and Support and Resistance.
only the market knows where it previously traded and when it will return to previous support and resistance regions,
what we want to see is the price action, the range, the volatility, the timing of the market.
market moves in waves,... small waves, ... big waves, these waves are seen in all different timeframes.
learn the simple things like how to look at market swings seen with the APB/HA and the TDI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,480
  • May 30, 2015 5:17am May 30, 2015 5:17am
Quoting hsn100
Hi! Scalping D chart, got some +35pips on EA last friday, but closed manually owing to Friday and end of the month. Now, looking forward to enter Long on Monday. Here is the chart. Big Emm and senior traders, need ur analysis/suggestion{image}. Regards,

Look at the Monthly chart, then the Weekly chart.
Is the market type trending or sideways?
What is the range? Where are the key 'support and resistance zones' for June?
The potential for June trading is there.

Do your Big Picture Plan when you want to trade D1 and H4 charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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