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Trading Made Simple

  • #59,241
  • Jul 28, 2015 2:56am Jul 28, 2015 2:56am
Quoting fulltilt
yep, I went long w/ GU & GC

Hi,

GU is having a good run up and will test the WRB High.
Question is will there be a close above the WRB High?
We shall see this week.

see this post:
http://www.forexfactory.com/showthre...13#post8389313

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,242
  • Jul 28, 2015 3:00am Jul 28, 2015 3:00am
Quoting Dimi.A
{quote} Em, are you back to using the normal TDI?

Hi,

still using the same 'fast' TDI setting.

no change needed as I look at price action and the TDI is lagging the PA.
PA shows me what happens ahead of the TDI.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,243
  • Jul 28, 2015 3:45am Jul 28, 2015 3:45am
Quoting emmanuel7788
{quote} that's not luck. if you look at the price action, Friday was an Inside Bar Thursday high was the Weekly high and the Weekly candle close bullish. that is how we trade by following the Weekly candle. Friday' D1 pin bar close above the 10EMA (Arjun candle), also close above the Synergy Pro PAC.
wow really? its kinda good to know why your tp hit
yesterday i kinda stress cuz my tp hit but i dont know why price hit my tp (its kinda frustrating)
but thanks to you now it become clear , but seeing ur explanation... its going to be hard to do those , when i read some pdf about big picture planning i sure do that (start from MN look for inside bar , master candle , swings level ( most hard to find) and then go to lower time frame) the result i didnt see what you see
all i see is weekly high and recent resistence ( both provided by indicator ) , guess thats the diffrent between the experienced and inexperienced.

anyway today i took this trade
purely based on the tdi cross, recent break of the inside bar and use 10 ema as support level (although theres master candle, it seem price hardly break 1.11000 level so i took the risk and enter) since im nervous about my analyze i set 10 pip tp and it hit my tp
and the second trade when price break 10 ema and tdi still dont give exit trade , i place 20 pip tp and got hit

i think price going to touch weekly high and then goint to proceed to up trend
Thanks
Attached Image (click to enlarge)
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Quoting emmanuel7788
EURUSD Week 31 Big Picture: MN chart show a WRB and market had nit broken out of this WRB. This week is 'shadow trading'. Can the breakout happen next month? What shall we do when we trade the lower TF D1 and H4? {image}
i will take any tdi cross on h4 and use those WRB level and previous month high low as s/r
Take What You Can , Give Nothing Back
  • #59,244
  • Jul 28, 2015 4:45am Jul 28, 2015 4:45am
Quoting Donquixote
{quote} wow really? its kinda good to know why your tp hit yesterday i kinda stress cuz my tp hit but i dont know why price hit my tp (its kinda frustrating) but thanks to you now it become clear , but seeing ur explanation... its going to be hard to do those , when i read some pdf about big picture planning i sure do that (start from MN look for inside bar , master candle , swings level ( most hard to find) and then go to lower time frame) the result i didnt see what you see all i see is weekly high and recent resistence ( both provided by indicator...
Hi Don,

you are learning fast. Remember having a consistent approach is very important. It is the beginning of a long trading journey for you and along the way, there will lots of distractions and you need to know how to deal with all the distractions. Remain focus on your own business objectives and financial goals no matter what other people say. There will be periods of poor performance and we suffer some losses and will be hurt when there is drawdown in our account. Learn to cut losses short, and let profits run. Take small manageable risks when we want to grow our trading account.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,245
  • Jul 28, 2015 4:57am Jul 28, 2015 4:57am
Something amusing and while the market is quiet now I thought I share this with you all.

Some of you may recall some traders started discussion in this thread on DOTS. There were also a few who asked for trade manager to manage the DOTS trade levels. Two of my trading buddies and I spent some time and work on an Expert Advisor for many weeks and finally last weekend we have the first running version so we started testing it in live market this week.
We took a few trades using the DOTS indicator today. Below is a trade example using the DOTS indicator levels and to trade. The EA took the Buy trade level but the exit was funny when we saw our chart later on.
It kept exiting the trade in small portions when market reach the TP1 level.
We ended up with lots of pips (150 pips) for a small move of about 20 pips from entry to TP1. But the risk was 1% and with position sizing.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 29 July DOTS trades.png Size: 54 KB


Now we are back to look at the mq4 coding all over again. Having fun ....

Just a quick question here, how many of you are trading with the DOTS indicator? Please share some of your experience and we should be able to work together and finish the EA sooner.

Thanks and regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,246
  • Jul 28, 2015 5:04am Jul 28, 2015 5:04am
Quoting emmanuel7788
TMS ME/ME trades closed Week 30. Just closed some baskets of trades before NY Open. This is to complete my 20-days trading cycle so that I can start a new cycle next week. The account started at $50k on 23 June and manage to break the $100k psych level. Over the next 2 days I think of my trading plan fro the next 20-days cycle. {image} TMS ME/ME trades history: Week 29, July 13 to 17 Post#58,915 Week 27 & 28, June 29 to July 10 Post#58,672...
This inspires me!

I don't know how many decades I need to reach that
  • #59,247
  • Jul 28, 2015 5:37am Jul 28, 2015 5:37am
Quoting emmanuel7788
Something amusing and while the market is quiet now I thought I share this with you all. Some of you may recall some traders started discussion in this thread on DOTS. There were also a few who asked for trade manager to manage the DOTS trade levels. Two of my trading buddies and I spent some time and work on an Expert Advisor for many weeks and finally last weekend we have the first running version so we started testing it in live market this week. We took a few trades using the DOTS indicator today. Below is a trade example using the DOTS indicator...

thats good to see you have the same problems like me !
Normally im really happy with my broker some month ago I started watching how many pips from my " TP " gets my trades executed .
And exactly the same stuff happened.. all closed ( and opened as well ) some half pips or so away from entry or target point .
Really good to see .. thanks buddy you made my day
Guido
Risiko birgt immer auch die Chance.
  • #59,248
  • Jul 28, 2015 5:38am Jul 28, 2015 5:38am
Quoting emmanuel7788
Something amusing and while the market is quiet now I thought I share this with you all. Some of you may recall some traders started discussion in this thread on DOTS. There were also a few who asked for trade manager to manage the DOTS trade levels. Two of my trading buddies and I spent some time and work on an Expert Advisor for many weeks and finally last weekend we have the first running version so we started testing it in live market this week. We took a few trades using the DOTS indicator today. Below is a trade example using the DOTS indicator...
Hi

Alternative to D Malone DOTS and newly coded by Igorad from here: http://newdigital-world.com/trading-...html#post27376

Attached File(s)
File Type: mq4 AllPivots_v4.1 600+.mq4   29 KB | 712 downloads

Attached Image (click to enlarge)
Click to Enlarge Name: DOTS M30.png Size: 15 KB


Change "Base Hour shift" for various sessions etc.

Found it interesting - try and have fun

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: DOTS Settings.png Size: 514 KB
Don't limit yourself!!
  • #59,249
  • Jul 28, 2015 5:42am Jul 28, 2015 5:42am
Quoting Meowww
USDJPY H4 Took this trade because price reject EMA200, TDI Crossing UP and closed upper PAC any advice are welcome {image}
I took the same trade before going to bed, and closed it 4 hours later for 66 pips:
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-07-28 at 7.40.35 AM.png Size: 245 KB
  • #59,250
  • Jul 28, 2015 6:56am Jul 28, 2015 6:56am
Quoting emmanuel7788
Something amusing and while the market is quiet now I thought I share this with you all. Some of you may recall some traders started discussion in this thread on DOTS. There were also a few who asked for trade manager to manage the DOTS trade levels. Two of my trading buddies and I spent some time and work on an Expert Advisor for many weeks and finally last weekend we have the first running version so we started testing it in live market this week. We took a few trades using the DOTS indicator today. Below is a trade example using the DOTS indicator...
Hi Emmanuel, how will you handle max orders in that EA ... once per day for the first entry level?
Regards
  • #59,251
  • Jul 28, 2015 8:39am Jul 28, 2015 8:39am
Hi Emm,
My apologies, I couldn't find the reading materials on ME/ME method. I vaguely remember you have shared that in this forum. I went back pages in this thread but couldn't find that over the weekend.

Could you share that again? I have to read and get the concept.
Thanks
  • #59,252
  • Jul 28, 2015 9:58am Jul 28, 2015 9:58am
Dear Emmanuel


In one of your reply, you mentioned if the price retrace to Fibo 78% level, you will be prepared to cut loss, is this one of the way to distinguish if Plan A goes wrong? Is there any other ways you can share with us?


For example, GBPUSD has been consolidating for several days last week. After I have finished building initial entry position + 4 positions then I started to wait day by day and it retraced even more. it seemed to me that the price would eventually hit my technical SL (right under WRB ) but fortunately it went UP today. So, you mentioned sometimes you will cut loss quickly before it hits SL. But I don't have the third eye like you do how should I avoid less loss instead of 1% of my balance?

Regards,

Steven
  • #59,253
  • Jul 28, 2015 11:03am Jul 28, 2015 11:03am
Quoting Dimi.A
These four pairs have just crossed the TDI on the 4H. But I won't be trading any of those crosses as the GREEN TDI line is not on a strong angle. I'll wait for the London session to begin in 4 hours instead. {image}
Hi Dimi.A

I have trouble finding time to watch the charts and never seem to remember at the beginning of each hour, what alert system do you use? I'm thinking of trying this to see if it helps me.
Thanks
  • #59,254
  • Jul 28, 2015 11:05am Jul 28, 2015 11:05am
Quoting Next4467
{quote} Hi Dimi.A I have trouble finding time to watch the charts and never seem to remember at the beginning of each hour, what alert system do you use? I'm thinking of trying this to see if it helps me. Thanks
Hi Next4467, i'm sorry the question was not for me, but have you tried TMS Monitor?
  • #59,255
  • Jul 28, 2015 11:23am Jul 28, 2015 11:23am
Quoting mokuro89
{quote} Hi Next4467, i'm sorry the question was not for me, but have you tried TMS Monitor?
Hi mokuro89
I haven't tried any yet, thanks for your help, I will take a look at it.
  • #59,256
  • Jul 28, 2015 1:07pm Jul 28, 2015 1:07pm
Any TMSrs doing indices around here ? 2000 looks like a good target for the Shanghai Composite.


Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.png Size: 55 KB


Attached Image


EA OB and at swing high
Attached Image (click to enlarge)
Click to Enlarge Name: EA.png Size: 111 KB


NU OB at 200 ema and RN

Attached Image (click to enlarge)
Click to Enlarge Name: GG.png Size: 95 KB
Best regards, Zef
  • #59,257
  • Jul 28, 2015 3:52pm Jul 28, 2015 3:52pm
Quoting emmanuel7788
Something amusing and while the market is quiet now I thought I share this with you all. Some of you may recall some traders started discussion in this thread on DOTS. There were also a few who asked for trade manager to manage the DOTS trade levels. Two of my trading buddies and I spent some time and work on an Expert Advisor for many weeks and finally last weekend we have the first running version so we started testing it in live market this week. We took a few trades using the DOTS indicator today. Below is a trade example using the DOTS indicator...
hi emm this is another version of DOTS or the same DOTS indicator by dean malone . thank you sir
  • #59,258
  • Jul 28, 2015 5:54pm Jul 28, 2015 5:54pm
Quoting birdnest
{quote} This inspires me! I don't know how many decades I need to reach that

Hi birdnest,

It can be done and I have shown you in the past months how trading with small %risk and using Multiple Entries / Multiple Exits in different market condition will work out over longer term trading.
TMS 5-Method is a trend following trading method which performs better when trading the higher timeframe and it work great when we add to it a proven money management strategy. Position sizing is one of the key to a winning trading system.
A lot have been shared here in this thread and you need to pick out the posts and attachments and study them. The basic knowledge you need is all here.
Trust me that you won't take decades to learn how to do it. A few hundred hours of reading, studying and putting things in realtime practice. You will get there sooner than you think provided you stay on track and know how to spot and avoid the detractors.

I get few PMs from members who asked what is a good trading account size to start with. There is no correct answer to this question. We need to ask ourselves what are we trading for. Forget about wanting to trade for a living. Some can do that and have made it, but many failed. The best way to start is to trade for a supplement income to what our day job. Start small with financial goal to supplement 10% of our annual income, then grow to 20% in small steps.
Let use an example; for someone with an annual salary of $100K and have saved up $100k to invest in a business, this is hard earned money so we treat that money with carefully when we invest. Use $50K of that hard earned for trading forex. Aim for 10% return every 20-trading days. This 10% maybe small and can be achieved with a proper trading business plan what I call a SMART objective. Why 20-trading days cycle? well there will be periods where you won't find good trades and may have some losses. Losses and drawdown is inherent in every trading system. We cannot avoid nor prevent that but we have to know how to recover from drawdowns. Like many businesses, this is forex trading business requires constant attention and development to keep up with market dynamics. Systems need maintenance and that is the fun part which requires our attention day in day out. You know you can grow that $50K slowly with tender loving care.
At the end of it all, you gain a lot of knowledge and experience which stay with you. You can shared them with other people, you can pass them down to future generations, but the knowledge and experience remains in you and nobody will ever take them away.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,259
  • Jul 28, 2015 5:56pm Jul 28, 2015 5:56pm
Quoting mosiskv
{quote} Hi Alternative to D Malone DOTS and newly coded by Igorad from here: http://newdigital-world.com/trading-...html#post27376 {file} {image} Change "Base Hour shift" for various sessions etc. Found it interesting - try and have fun Cheers {image}

Thanks mosiskv.
Will look into this one too.
The calculations of the intraday trade levels would be interesting.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,260
  • Jul 28, 2015 6:05pm Jul 28, 2015 6:05pm
Quoting firas1980
{quote} hi emm this is another version of DOTS or the same DOTS indicator by dean malone . thank you sir

Hi firas,

There is only one DOTS that I know.
It does not matter how many DOTS versions are out there because DOTS is for intraday trading and we look at recent days traded range and market volatility.
From back-testing I see it is a simple way to help traders look for buy/sell price levels and target profit level for exits. But we should avoid certain pairs when there is news release during the market session. This is the part where the trader must take into account and make decision.
If you have the DOTS indicator, look at the AUD pairs yesterday during the Sydney-Tokyo sessions. Many trades would have ended in losses.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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