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Monitor for 'Trading Made Simple' system 565 replies

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Trading Made Simple

  • #58,801
  • Jul 15, 2015 9:26am Jul 15, 2015 9:26am
Quoting elfanta
{quote} Yeah, that's one of things I'm trying to do, to see how to split the % in those ME/ME using the same fixed initial SL. I am thinking about it, I haven't came up with a solution yet, I'll have to do some math .

Hi,

there is an indicator which does visual lot size calculation on the chart.

try it.

https://www.mql5.com/en/code/10948

if you can read mql4 codes, so much better.


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,802
  • Jul 15, 2015 9:41am Jul 15, 2015 9:41am
Quoting emmanuel7788
{quote} Hi, there is an indicator which does visual lot size calculation on the chart. try it. https://www.mql5.com/en/code/10948 if you can read mql4 codes, so much better. regards,
Hi emmanuel, aren't you using the cave manager anymore with TP1/2/3? or using both strategies?
if not, any particular reason?
  • #58,803
  • Jul 15, 2015 9:58am Jul 15, 2015 9:58am
Quoting mokuro89
{quote} Hi emmanuel, aren't you using the cave manager anymore with TP1/2/3? or using both strategies? if not, any particular reason?

THV CaveManager can only manage one single order entry and split the exits using the percentage set in the batch exits. It scaling out trade manager.
Therefore it cannot manage multiple orders and exits using EAN (Magic Number).
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,804
  • Jul 15, 2015 10:32am Jul 15, 2015 10:32am
Just open buy position GBPJPY, because a hammer (TF H4) bounce back from previous day high and old resistance (end of June).


Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1 1507.png Size: 45 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4 1507.png Size: 43 KB


Shut down my computer and go to sleep...... wait the result tomorrow..... and continue learning.....
  • #58,805
  • Jul 15, 2015 11:50am Jul 15, 2015 11:50am
Quoting tibovwh
Hey all, Here's my update on UC. Looking forward to hear all your feedback. Best, {image}
Time for an update on my UC trade. I already indicated a few negative points of my trade in my initial post. Obviously, it did not prove to be a very good one. As Emmanuel anticipated, UC continued its move high. My chart points to some of the reason why this wasn't the best trade. Let's try to learn from this so we can be on the right side next time

Best,
Attached Image (click to enlarge)
Click to Enlarge Name: UC Update.png Size: 161 KB
  • #58,806
  • Edited 4:36pm Jul 15, 2015 12:04pm | Edited 4:36pm
Quoting tibovwh
I'm looking at another USD pair namely USDJPY. It goes against my USDCAD trade in terms of correlation (I'm building shorts USDCAD) but we'll see how it goes. it's still on demo account and still learning. For taking profit I'm looking at BRN's and Structure high's on 4H .24 .255 Best, {image}
In addition, an update on USDJPY where I was long.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Update.png Size: 177 KB
  • #58,807
  • Jul 15, 2015 3:43pm Jul 15, 2015 3:43pm
Quoting merrygold
{quote} DOl - Is the 'Daily Open Line' If you are Trading short term, then respect the dol and always trade away from it!
Thx merrygold for this information.

Lazy
mia san mia since 1900
  • #58,808
  • Edited 6:59pm Jul 15, 2015 6:46pm | Edited 6:59pm
Quoting emmanuel7788
{quote} USDCAD D1 chart update 10 Jul: We have a first bearish D candle closed but the PA is still within the high-low of the 7July WRB..... ranging market now until we see the breakout. No sign of bearish reversal. Best to trade M15 and H1 within the high-low of that WRB. {image} Trade Well.

USDCAD D1 chart update 16 July:
To follow up from previous post on USDCAD,

We had a very strong breakout move yesterday and a new WRB on 15 July. So we do not take any D1 TMS trade setups but we should trade in the lower timeframes - H4, H1 and M15. I prefer H1 and M15 as it will produce more trade opportunities.
Where is the next target level? look at your Big Picture Plan on Monthly (use Line Chart) there is a very visible price swing level... ~1.2960. That is support turned resistance and considered to be strong. Any candle that closes across this level would be 50 to 100pips. If you look at yesterday breakout across that level 1.2762, how many pips is that candle?

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD week 29 Big Picture update 16July.png Size: 73 KB


Note that in the D1 chart above, the TDI(RSI) is way above the 68-level some consider this as Over-Bought OB. But when market is striong trending, the TDI can continue above the 68-level.
One way to interpret the TDI (RSI):
Uptrend - level 40 to 80.
Downtrend - level 60 to 20.
Follow the market price action - its price volatility and strength. This will help you identify the market condition better and filter out the rules in not trading using Over-Bought/Over-Sold OB/OS levels.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD week 29 Big Picture MN chart.png Size: 60 KB


Trade Well Folks,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,809
  • Jul 15, 2015 7:05pm Jul 15, 2015 7:05pm
Quoting emmanuel7788
{quote} USDCAD week 29 15 Jul ME/ME trades closed: {image}
USDCAD 15 July news trading:

After closing the last ME/ME basket, I reopen a new trade but ...

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD week 29 MEME 15 Jul trades news.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,810
  • Jul 15, 2015 8:09pm Jul 15, 2015 8:09pm
Quoting Amao
Just open buy position GBPJPY, because a hammer (TF H4) bounce back from previous day high and old resistance (end of June). {image} {image} Shut down my computer and go to sleep...... wait the result tomorrow..... and continue learning.....
Start up my computer and saw that there was no big movement last night on New York season. (I live in GMT+7 time)

There is a bearish divergence, could be overbought already, move SL to BE +1

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1 1607.png Size: 43 KB


I am a noob, trying to learn by doing. I will make my own journal in order to avoid throwing many junks into this extraordinary thread....
  • #58,811
  • Jul 15, 2015 8:51pm Jul 15, 2015 8:51pm
Quoting Amao
{quote} Start up my computer and saw that there was no big movement last night on New York season. (I live in GMT+7 time) There is a bearish divergence, could be overbought already, move SL to BE +1 {image} I am a noob, trying to learn by doing. I will make my own journal in order to avoid throwing many junks into this extraordinary thread....

MN bullish
W1 bullish
D1 bullish

I wouldn't trade sell unless I am a short term scalper for few pips.

Check what is your broker's spread for this pair.
I don't recommended new inexperienced traders to trade this pair.
Look at the majors and pairs which have small spreads.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,812
  • Jul 15, 2015 9:26pm Jul 15, 2015 9:26pm
Quoting emmanuel7788
{quote} MN bullish W1 bullish D1 bullish I wouldn't trade sell unless I am a short term scalper for few pips. Check what is your broker's spread for this pair. I don't recommended new inexperienced traders to trade this pair. Look at the majors and pairs which have small spreads.
Hi Emmanuel,

Yesterday, I open a buy position based on a hammer on TF H4 #Post 58,807. This morning (GMT+7 time zone) I move the SL to BE+1 because of a divergence on TF H1. Now it hit the SL at BE +1.

I use Pepperstone Demo account with GBPJPY spread is less than 1 at the moment I wrote this. I am not sure whether the real account will be the same with demo.

Thanks for your comment, as I can't see the monitor so often, I can't monitor a trade less than TF H1. I won't open a sell position at the moment....
  • #58,813
  • Jul 15, 2015 10:35pm Jul 15, 2015 10:35pm
Took a trade last night on the EURNZD 4HR for +97 Pips
Thanks TMS traders and thank you Big E

Entries and exits are circled.
Shortly after I entered the PPI news released. Had a drawdown of -50 pips at one stage but It didn't really matter because I had a 100 pip stop loss and 100 pip take profit. This is why the candle had a "grey" consolidation wick for about half an hour. After that, it was smooth sailing back up. Just like the TDI was showing
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURNZDH4 15.7.15.jpg Size: 270 KB
Click to Enlarge Name: EURNZDH4 15.7.15 97 PIPS.jpg Size: 255 KB
  • #58,814
  • Jul 16, 2015 12:23am Jul 16, 2015 12:23am
Selling AUDJPY here
RR 2:1
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB
  • #58,815
  • Jul 16, 2015 12:28am Jul 16, 2015 12:28am
Quoting Dimi.A
Took a trade last night on the EURNZD 4HR for +97 Pips Thanks TMS traders and thank you Big E Entries and exits are circled. Shortly after I entered the PPI news released. Had a drawdown of -50 pips at one stage but It didn't really matter because I had a 100 pip stop loss and 100 pip take profit. This is why the candle had a "grey" consolidation wick for about half an hour. After that, it was smooth sailing back up. Just like the TDI was showing {image} {image}
Nice Trade Buddy

Lazy
mia san mia since 1900
  • #58,816
  • Jul 16, 2015 12:49am Jul 16, 2015 12:49am
Quoting LazyTrad3r
{quote} Nice Trade Buddy Lazy
Thanks bro. How's your trading going today?
  • #58,817
  • Jul 16, 2015 1:12am Jul 16, 2015 1:12am
Quoting Dimi.A
{quote} Thanks bro. How's your trading going today?
I begins now for 4 hours......and than i go to sleep. I trade today only the morning from london/Frankfurt Session.
mia san mia since 1900
  • #58,818
  • Jul 16, 2015 1:21am Jul 16, 2015 1:21am
Hi Folks

I got a Question......sry im a Noob
I will understand the Entrys. Is a TDI cross important or only the green line is above 50 Level, red line, yellow line?
Here you have 2 Pictures i hope your guys will understand what is my question.....
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 65 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 75 KB


PAC is okey i understand it. APB greater than PAC....

My question is........I have always waiting for the cross??? or is it posible make a trade without a cross.....for example the situation is like this
Attached Image (click to enlarge)
Click to Enlarge Name: entrys.jpg Size: 79 KB


Thx Lazy
mia san mia since 1900
  • #58,819
  • Jul 16, 2015 2:05am Jul 16, 2015 2:05am
How do determine the Market Trend when we trade TMS 5-Method?

here is a simple, quick, accurate and effective methodology:

Post#26,744

read that pdf attached in that post.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,820
  • Edited 2:22am Jul 16, 2015 2:12am | Edited 2:22am
Quoting LazyTrad3r
Hi Folks I got a Question......sry im a Noob I will understand the Entrys. Is a TDI cross important or only the green line is above 50 Level, red line, yellow line? Here you have 2 Pictures i hope your guys will understand what is my question..... {image}{image} PAC is okey i understand it. APB greater than PAC.... My question is........I have always waiting for the cross??? or is it posible make a trade without a cross.....for example the situation is like this {image} Thx Lazy

of course you can take a trade without a TDI Green cross Red.

1) you need to see a Price action reversal pattern using the real price bars / Japanese candlesticks pattern. The TDI Green PL must confirm the momentum of price bar reversal pattern.

2) when there is a breakout of a consolidation area, there will be a TDI Green PL bounce off Red TSL or bounce off the Yellow MBL. You will see the breakout using the real price bars/Japanese candlesticks.

Remember what Big E said:

#1 PA
#2 TDI

Edit:

You must use the "correct" TDI version....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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