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Trading Made Simple

  • #57,981
  • Jun 17, 2015 4:53am Jun 17, 2015 4:53am
Quoting omonisha
GBPUSD-H1 {image}
That's amazing,
Winners Never Quit, Quitters Never Win
  • #57,982
  • Edited 5:29am Jun 17, 2015 5:05am | Edited 5:29am
Quoting omonisha
GBPUSD-H1 {image}
Good job ,
I ve been looking for a valid GU long , but found no h1 entry in my timezone , the smaller timeframes were not clear ,
so I missed the trade .


But I found one in EJ , a TDI bounce what I liked +45 pips in one of my very rare h1 trades in TMS .
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYcH1.png tms h1 17.6..png Size: 28 KB
Risiko birgt immer auch die Chance.
  • #57,983
  • Jun 17, 2015 5:32am Jun 17, 2015 5:32am
GBPUSD H1 +190 (+30 +40 +50 +70)
Entered before the news on break of YH, RN and once buyer momentum had been established. Set 4 reasonably tight TP in CM in case of pullbacks.
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.
  • #57,984
  • Jun 17, 2015 5:35am Jun 17, 2015 5:35am
Quoting omonisha
GBPUSD-H1 {image}
Classic
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,985
  • Jun 17, 2015 5:38am Jun 17, 2015 5:38am
Quoting emmanuel7788
{quote} Hi Do not simply use another trader's CM setting without knowing what his/her exit strategy and money management strategy. Better you decide on your own money management strategy and what your trade exit strategy should be and I will help you set up the CM parameters accordingly. CM is quite versatile and and has variations where we can combine the set up parameters to work. regards,
Thanks Emm, let me do bit more read on this and come back to you.
  • #57,986
  • Jun 17, 2015 5:42am Jun 17, 2015 5:42am
Quoting Lookleft
{quote} Hi rabhni, I've got a document I did for some other traders to show how to setup CM but you need to work out your own method for using it based on your MM plan. I'll dig the document out and post it later.
Thanks Lookleft
  • #57,987
  • Jun 17, 2015 5:47am Jun 17, 2015 5:47am
Quoting Lookleft
GBPUSD H1 +190 (+30 +40 +50 +70) Entered before the news on break of YH, RN and once buyer momentum had been established. Set 4 reasonably tight TP in CM in case of pullbacks. {image}
That is an excellent trade. I have spent almost 2 years just concentrating on news trading and made enough money but lost much more than what I made. I don't trade around the news time anymore..can't trust any system or method during news moreover brokers are like vultures during this time.
  • #57,988
  • Jun 17, 2015 7:31am Jun 17, 2015 7:31am
Hi

Couple of good trades today

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 105 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 112 KB




Michael69
  • #57,989
  • Jun 17, 2015 7:36am Jun 17, 2015 7:36am
Quoting michael69
Hi Couple of good trades today {image} {image} Michael69
Nice one mate. Do you use the yellow trend line in the TDI indicator to support your entry and exit decisions? Do you find it useful?
  • #57,990
  • Jun 17, 2015 7:39am Jun 17, 2015 7:39am
Quoting michael69
Hi Couple of good trades today {image} {image} Michael69
Nice Michael69, may i ask what you use to place the 3 trades? many thanks in advance.
  • #57,991
  • Jun 17, 2015 8:26am Jun 17, 2015 8:26am
Quoting Dimi.A
{quote} Nice one mate. Do you use the yellow trend line in the TDI indicator to support your entry and exit decisions? Do you find it useful?

Yes
when green Crossing yellow on H1 on H4 TF green crossing red
So it gives some indication what comes next
Of course Bigger picture planning is necessary

Michael69
  • #57,992
  • Jun 17, 2015 8:36am Jun 17, 2015 8:36am
Quoting rtradern
{quote} Nice Michael69, may i ask what you use to place the 3 trades? many thanks in advance.
Hi

Its a script to open multiple positions from the same currency

buy or sell orders
select number of orders
select SL, TP and Lot size
In TPfactor you can set intervals to Take Profit in my case its 25 (i.e 1st tp 25 2nd tp 50 ....)


Michael69
Attached File(s)
File Type: mq4 FXPT_BuySellUnlimitedOrders.mq4   3 KB | 394 downloads
  • #57,993
  • Jun 17, 2015 8:40am Jun 17, 2015 8:40am
Quoting michael69
{quote} Hi Its a script to open multiple positions from the same currency buy or sell orders select number of orders select SL, TP and Lot size In TPfactor you can set intervals to Take Profit in my case its 25 (i.e 1st tp 25 2nd tp 50 ....) Michael69 {file}
nice1 matey.....will try it out on demo to get an understanding of it....cheers!
  • #57,994
  • Jun 17, 2015 8:57am Jun 17, 2015 8:57am
Quoting Lookleft
GBPUSD H1 +190 (+30 +40 +50 +70) Entered before the news on break of YH, RN and once buyer momentum had been established. Set 4 reasonably tight TP in CM in case of pullbacks. {image}
Excellent entry and manage LT superb

Quoting Sesamstrasse
{quote} Good job , I ve been looking for a valid GU long , but found no h1 entry in my timezone , the smaller timeframes were not clear , so I missed the trade . But I found one in EJ , a TDI bounce what I liked +45 pips in one of my very rare h1 trades in TMS . Guido {image}
And a nice break of WRB lovely timing
Sad i'm not trying to understand PA
  • #57,995
  • Jun 17, 2015 9:11am Jun 17, 2015 9:11am
EA trade at LO opens , continuation for +50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-17_17-08-53.jpg Size: 317 KB
I Have Learned to Take Some Losses to Make Profits
  • #57,996
  • Jun 17, 2015 9:12am Jun 17, 2015 9:12am
OS and Lookleft, awesome trades as usual
I Have Learned to Take Some Losses to Make Profits
  • #57,997
  • Jun 17, 2015 9:25am Jun 17, 2015 9:25am
Quoting TheScorpS
EA trade at LO opens , continuation for +50 pips {image}
Good one ! Today I diden't trade this because of that high on the left and because I got faked out so hard yesterday... Learning every day I guess

best,
  • #57,998
  • Jun 17, 2015 9:28am Jun 17, 2015 9:28am
Quoting TheScorpS
OS and Lookleft, awesome trades as usual
Thanks TSS nice trade of yours I wasn't sure if EA was going to repeat yesterdays moves so set my sights elsewhere
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,999
  • Jun 17, 2015 9:41am Jun 17, 2015 9:41am
Quoting tibovwh
{quote} Good one ! Today I diden't trade this because of that high on the left and because I got faked out so hard yesterday... Learning every day I guess best,
Look at my entry, TDI green bounce above red, thats Big E style , yesterday EA long at LO, I took that trade as well, went +16 pips in my favor, set it to BE as soon as possible, every lower time frame on my chart was Over Bought, didn want to risk deep reversal, so watch-out for TDI over sold or over bought

Quoting Lookleft
{quote} Thanks TSS nice trade of yours I wasn't sure if EA was going to repeat yesterdays moves so set my sights elsewhere
U have lots of experience on the market Lookleft, I am happy to learn from u , thanks
I Have Learned to Take Some Losses to Make Profits
  • #58,000
  • Edited 10:19am Jun 17, 2015 9:44am | Edited 10:19am
Quoting emmanuel7788
{quote} Hi, you should be able to trade H4 and D1 following the same 5-Method basic rules. trade results should be good and you will gain experience. you will then have more confidence in the method. after this, trading H1 will be an option when you have time to day trade. you don't need a lot of H1 trades per week. Just 5 trades per week with the major pairs - EU,GU,AU,AJ and EJ. These pairs will give you 5 good trades per week. Just don't be trigger happy when trading H1. Keep TP target small within expectation of the daily range. AU and AJ (aslo...
Hi Emmanuel

You clearly use this method successfully so I wonder if you could answer a few questions.
Q1) How do you determine the entry price? (price indicated by HA candles and actual market prices can differ wildly)
Q2) Are you entering on the close/open next bar price blindly or do you have some method to strip out larger moves that occur quickly but smooth out on the HA candles?
Q3) Why is it called the 5 Method? I read the first x pages and saw nothing to explain the name so just curious.
Q4) How are you filtering your trades? Essentially an RSI is a representation of price that has been flattened out into a 0-100 scale, add a moving average and (I don't mean to sound derogatory here so appologies) the entry tool is basically an MA crossover and as such produced a dismal result when statistically tested, So like all x-over systems you must be filtering the noise out somehow and I have seen nothing to suggest how this is being done.

Many thanks
NB
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