Trading Made Simple | Page 2969 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #59,361
  • Jul 31, 2015 9:11am Jul 31, 2015 9:11am
Quoting emmanuel7788
TMS ME/ME trades closed 31 July Closing this month' trading nicely with the GBPUSD basket just closed. This week has been extraordinary with the trending pairs EURAUD, EURNZD, GBPAUD and GNPNZD. Manage to grow this account from last week' $105K to $125K this week. {image} Last week trades, see post#59,064.
Very impressive as usual, Emmanuel!
By the way, can we learn more about your 'recovery' trade? Does this usually mean building opposite positions using the same pair soon after hitting SL? As you know, inexperienced people often get whipsawed out when they close the loser and open opposite position (price goes back to previous direction). Haven't you experienced your recovery trade also became a loser?
My apology if it's been answered previously. I was away from this thread for a while....
Thank you and have a nice weekend!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #59,362
  • Jul 31, 2015 10:41am Jul 31, 2015 10:41am
That conclude the day, the week, EA short trade at NYO , +50 pips

Have a nice weekend TMS
Attached Image (click to enlarge)
Click to Enlarge Name: EA_H1.jpg Size: 340 KB
I Have Learned to Take Some Losses to Make Profits
  • #59,363
  • Jul 31, 2015 10:43am Jul 31, 2015 10:43am
Quoting emmanuel7788
TMS ME/ME trades closed 31 July Closing this month' trading nicely with the GBPUSD basket just closed. This week has been extraordinary with the trending pairs EURAUD, EURNZD, GBPAUD and GNPNZD. Manage to grow this account from last week' $105K to $125K this week. {image} Last week trades, see post#59,064.
Amazing!
  • #59,364
  • Jul 31, 2015 5:43pm Jul 31, 2015 5:43pm
does anyone know how to get the Price Action Channel moving averages on the chart and what they're settings would be ? 5MA Smoothed High & Low don't really match the PAC seen on Synergy Pro APB indicators.....
Take this course: https://shorturl.at/upBey
  • #59,365
  • Jul 31, 2015 6:55pm Jul 31, 2015 6:55pm
Quoting tiestobob
does anyone know how to get the Price Action Channel moving averages on the chart and what they're settings would be ? 5MA Smoothed High & Low don't really match the PAC seen on Synergy Pro APB indicators.....

some reading on this FAQ:

Synergy PAC vs Synergy_Pro_PAC or use the 10EMA

http://www.forexfactory.com/showthre...23#post8364623

http://www.forexfactory.com/showthre...54#post8328054

http://www.forexfactory.com/showthre...01#post8099901
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,366
  • Jul 31, 2015 6:59pm Jul 31, 2015 6:59pm
Hey Emanuel thanks for that explaination

Do you have the mq4 files for these

Synergy_APB_Pro
Synergy_TDI_Pro

I only have ex4 id like to see its code
Take this course: https://shorturl.at/upBey
  • #59,367
  • Jul 31, 2015 8:41pm Jul 31, 2015 8:41pm
All together five trades this week. Four winners and one loser. Total pip gain is +201.

Mon: No trade due to work.

Tue: Opened the chart at LO and there noticed candle with wick both end. TDI was already crossed 5-6 candles ago. Market made a HL and entry was on the break of second LO candle. Watched closely at daily support and BRN; however LO momentum went right pass the support and hit TP. (+75)

Wed: Entry was ok and bit late as I was bit afraid from long pullback from previous two blue candles.As TDI was above MBL and next resistance was above my TP, I tried anyways and my SL hit. Loses are part of the business so we can only reduce them and try our edge in another trade. (-30)

Thurs: First trade, I tried to trade the News. The TA were correct, away from DOL and CT with plenty of room to hit TP before hitting 200EMA. But as market paused at previous week low, I closed the trade. Although it was a winner. (+6)
Second trade was taken after PA reject from 200EMA and broke resistance. Good for (+75 pips)

Fri: Again tried to trade the Asian News and Price went into consolidation. I increased my SL to 50 pips from 30 pips as near 200EMA there are two many fakeouts by MM's try to hit your SL. TDI was above all the time so I took the chance and finally my TP hit in LO. I do not like big drawdowns in my trading plan and usually close the trade at close of first opposite color candle. Any how this one was closed with happy ending. (+75 pips)

Enjoy your weekend.
HR.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-07-31 21_07_58-EURAUD,H1.png Size: 50 KB
  • #59,368
  • Jul 31, 2015 11:10pm Jul 31, 2015 11:10pm
Quoting hoperich
All together five trades this week... Enjoy your weekend. HR. {image}
Nice result again HR!

Nothing from me this week... soaking up the sun in LA.

Keep up the green pips!
Focus on the process and the profits will follow
  • #59,369
  • Aug 1, 2015 1:47am Aug 1, 2015 1:47am
Hello, Emmanuel!
Quoting emmanuel7788
{quote} Good thing to be on buyers side.... {image} Next week would be a good start to continue buying with ME/ME.
Hit or test?
Just an opinion. Based on research
  • #59,370
  • Aug 1, 2015 2:10am Aug 1, 2015 2:10am
Quoting Ballistical
{quote} Nice result again HR! Nothing from me this week... soaking up the sun in LA. Keep up the green pips!
hello Ballistical, unfortunately for work I can just follow this amazing forum, I missed your last settings you use to invest.

Moving Averages?
TDI

and then?

What kind of moving average you use? and when you decide to open your trades?

You probably already told you 100 times but missed two weeks and re-read more than 50 pages I have not the physical time, I apologize.
  • #59,371
  • Aug 1, 2015 2:10am Aug 1, 2015 2:10am
Quoting TheScorpS
That conclude the day, the week, EA short trade at NYO , +50 pips Have a nice weekend TMS {image}
Nice Trade Fella
mia san mia since 1900
  • #59,372
  • Aug 1, 2015 2:18am Aug 1, 2015 2:18am
Hi Farhad and thaks for clearing!
Quoting farhad10
wait price break the PAC in lower tf's like m30
At m30 you look only for PAC (and trend) without TDI crosses? TDI is a trigger for higher TF (h4) only?
Just an opinion. Based on research
  • #59,373
  • Aug 1, 2015 2:24am Aug 1, 2015 2:24am
Quoting Lookleft
{quote} Hi Next, If you are using the synergy pro APB you will see that the wicks can change color. Check out the Synergy Pro e-book and it will show you that different wick colors can give an indication to possible price action. YL = Yesterday's Low. I use this indi {file} Here is the e-book, page 9 or 10 will give you the details {image} Remember Eric's (R.I.P) philosophy of removing anything that doesn't help or complicates, keep it simple. Price action, TDI and S/R is all you need (S/R is given all sorts of different names by posters here but...
Thanks LL I will read thought it today, I am using synergy pro APB but I don't think my wicks change colour.
  • #59,374
  • Aug 1, 2015 5:15am Aug 1, 2015 5:15am
Not sure where to post this message
suppose I have 5 windows open
M1, M5. M15, H1, H4 of EUR/USD
I change settings of each window
so that autoscroll is unchecked
Next I review all my trades for the week
so if I move the cursor to 27 July 2013 9 pm all five windows move to the same time
This will be very good for analysis. This feature exists in Ninja Trader
do u think a script like this exists for MT4 ?
  • #59,375
  • Aug 1, 2015 6:17am Aug 1, 2015 6:17am
Quoting rjngh2005
Not sure where to post this message suppose I have 5 windows open M1, M5. M15, H1, H4 of EUR/USD I change settings of each window so that autoscroll is unchecked Next I review all my trades for the week so if I move the cursor to 27 July 2013 9 pm all five windows move to the same time This will be very good for analysis. This feature exists in Ninja Trader do u think a script like this exists for MT4 ?
try this, this may work for you.

http://www.forexfactory.com/showthread.php?t=114174

I recall there is another one available which work better but cannot remember what the indicator name.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,376
  • Aug 1, 2015 6:30am Aug 1, 2015 6:30am
Quoting emmanuel7788
{quote} try this, this may work for you. http://www.forexfactory.com/showthread.php?t=114174 I recall there is another one available which work better but cannot remember what the indicator name.
Here is the indicator that I tried and it works successfully

http://www.forexfactory.com/showthread.php?t=540955
  • #59,377
  • Aug 1, 2015 6:31am Aug 1, 2015 6:31am
emmanuel, May i ask Do you trade demo or live account?
  • #59,378
  • Aug 1, 2015 6:42am Aug 1, 2015 6:42am
Quoting heispark
{quote} Very impressive as usual, Emmanuel! By the way, can we learn more about your 'recovery' trade? Does this usually mean building opposite positions using the same pair soon after hitting SL? As you know, inexperienced people often get whipsawed out when they close the loser and open opposite position (price goes back to previous direction). Haven't you experienced your recovery trade also became a loser? My apology if it's been answered previously. I was away from this thread for a while.... Thank you and have a nice weekend!...

Hello Heispark,

Where have you been to? have not seen you here for quite long time.

I have different trade recovery processes which depends on the market type of the trade basket.
When my trade basket is in the sideways wide range market type, there are times when the basket get stalled for many hours and when there is sign of reversal within that wide range, I would cut the losses (Plan A fail) and may consider opening a reverse basket (Plan B).

In the trending market type, there will be time when the retracement goes deeper during the week and with 5 open positions using the 1% risk, it is better to close the earlier 1 - 3 positions so that we do not suffer too much drawdown in our equity/balance. This happens occassionally and there is an option to utilise the second 1% for recovery trades as the retracement goes deeper but no technical reversal against our trading timeframe trend which is the weekly chart TF.
Remember we are using a technical stop loss based on 2-candle look back using the previous weeks high/low. We look for a average entry price with several open positions at different levels.

Look at the weekly charts of these following pairs EURAUD, EURNZD, EURCAD, GBPAUD, GBPNZD and GBPCAD. You look at the retracement of the following weeks
after a bullish weekly candle. Can you see the depth of each weekly retracement?

The other recovery process is to use a third currency pair and take shorter term trades. For EURUSD and GBPUSD pairs with open baskets, when these two go in opposite direction, I would trade EURGBP in the lower time frame. This past weeks wee good example when EU got 'stuck' and GU got stronger, I would then short EG. This EG pair is good beacsue its pip value is much higher than $10 per pip but its ADr is rather small.

there are different recovery methods posted in different forums.
Attached is the one by Naningbob perhaps you know his well known 4H trading method. ... http://www.forexfactory.com/showthread.php?t=169309

Attached File(s)
File Type: pdf The Recovery System (Naningbob).pdf   61 KB | 1,588 downloads


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,379
  • Aug 1, 2015 6:49am Aug 1, 2015 6:49am
Quoting since80808
Hello, Emmanuel! {quote} Hit or test?

when it test, it must hit, right? so I close all trades in my basket and took profits.

but it did not close above that W1 WRB high.

question now is, what shall we do next week? buy or sell?

do you want to give it a try? do your analysis and we can discuss here for next week' / month's trading ME/ME.

risk 1% and we try make 2% , good R:R for one currency pair.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,380
  • Aug 1, 2015 6:55am Aug 1, 2015 6:55am
Quoting dreamt1me
emmanuel, May i ask Do you trade demo or live account?

yes, you may ask.

I trade both Demo and Real accounts.

When I have something to test ( can be technical indicator, can be money management strategy, can be an exit strategy, can be entry strategy, etc. ) which I want to forward test in live market, I would run Demo live for many months and to see how it will work under live market conditions.

Back-testing has many limitations. and cannot replace forward testing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
436 traders viewing now, 1 is registered: