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Trading Made Simple

  • #59,401
  • Aug 2, 2015 8:38pm Aug 2, 2015 8:38pm
Quoting blessme
Hi, can i apply this on mobile mt4?
Hi mate, you can replicate the TDI on any mobile or tablet MT4.

If you're using Dean Malone's original settings, the green line is a SMA(2) of a RSI(13,close). Then the red line is a SMA(7) of the green line.

By way of proof, you can replicate this using factory MT4 indys:

1. Create RSI in a new window. Set the parameters to 13 and close, and the color to None, so that it doesn't show.
2. Drag the MA indy into the same window as the RSI. Set the values to 2, simple, close, color = Green, and most importantly, Apply to = Previous Indicator's Data
3. Drag the MA indy into the same window as the RSI. Set the values to 7, simple, close, color = Red, and once again, Apply to = Previous Indicator's Data

That should be an exact match to TDI with the settings (see attached screenshot): RSI_Period = 13 RSI_Price = 0 RSI_Price_Line = 2 RSI_Price_Type = 0 Trade_Signal_Line = 7 Trade_Signal_Type = 0

Here is a screenshot of the TDI on my Android MT4:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2015-08-03-11-35-10.png Size: 261 KB
Attached File(s)
File Type: pdf TDI_Mobile_Tablet.pdf   222 KB | 823 downloads
  • #59,402
  • Aug 2, 2015 9:23pm Aug 2, 2015 9:23pm
Quoting AlbinaGrande
{quote} Hi Emm, First, many thanks for your tireless devotion to educating all of us on TMS. I truly do not know how you do it. I have a number of questions re ME/ME. In the past you have had several posts, pdfs and scripts for a variation that I have not seen recently. For the purpose of my questions I will call it ME/ME-1. This variation features a fixed entry for 3 lots with variable exits. If I understand correctly, your most recent discussions, re ME/ME-2, pertain to a second variant in which you create a basket with a fixed risk of 1%, seeking...

Quoting mazingaz
I think ME/ME 1 is for intraday trading (but it is a single entry and multiple exits) ME/ME 2 is for 4 hours swing trading, Emmanuel please correct me if I am wrong. Still struggling to understand the dynamics of this strategy , especially how do you know when to add to a winning position? To do that you must be very confident that your target will be reached eventually? Is there any expert advisor similar to cave manager to help with that?

Hi AG,
hi mazingaz,

Good questions. I think there has been different stuff posted at different times which address the questions posted by members. This has led to some confusion when different subject of discussions got mixed up. I think it would be better to have these sorted out so that everyone can move on in the right direction.
Please give me some time this week to sort these out and reply.
It's my summer vacation and I am taking things easy for another 3 weeks.

In the meantime, for those trading H1 intraday,
- stick to what you have been doing and if you use CaveManager, continue to use that trade manager and post any questions you may have.
- If you are using those scripts to place orders with 3 exits, keep using the scripts if you do not use Cavemanager.

For those who are attempting to trade higher TFs like H4 and D1 charts, it is ME/ME strategey which I am sharing here. You don't have to follow this ME/ME strategy but the experience would be good and something which you can add to your trading arsenal. I am sharing this here in response to the many members who PM me and telling me that they have day jobs and cannot trade intraday H1, M15, etc. and they want to learn to trade D1 chart. But trading the higher TFs requires some changes to the approach and also how we manage our mental fitness in dealing with longer period trading.

Have a Good Trading Week and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,403
  • Aug 2, 2015 9:25pm Aug 2, 2015 9:25pm
Quoting Dimi.A
{quote} Hi mate, you can replicate the TDI on any mobile or tablet MT4. If you're using Dean Malone's original settings, the green line is a SMA(2) of a RSI(13,close). Then the red line is a SMA(7) of the green line. By way of proof, you can replicate this using factory MT4 indys: 1. Create RSI in a new window. Set the parameters to 13 and close, and the color to None, so that it doesn't show. 2. Drag the MA indy into the same window as the RSI. Set the values to 2, simple, close, color = Green, and most importantly, Apply to = Previous Indicator's...

Very nice! I LIKE.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,404
  • Aug 2, 2015 9:31pm Aug 2, 2015 9:31pm
EURCAD D1 chart trading 3 August:

The Big Picture is Monthly bullish, Weekly bullish.

Here is one trade open today during Tokyo session open.
As I won't have time to check every 4-hours, I simply place a limit order using 50% of the ADR. This should catch the retracement/correction which happens often.
The technical Stop Loss is below June MN Low.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD week 32 D1 chart trading.png Size: 36 KB


Will update this trade as market progresses.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,405
  • Aug 3, 2015 12:36am Aug 3, 2015 12:36am
Quoting emmanuel7788
EURCAD D1 chart trading 3 August: The Big Picture is Monthly bullish, Weekly bullish. Here is one trade open today during Tokyo session open. As I won't have time to check every 4-hours, I simply place a limit order using 50% of the ADR. This should catch the retracement/correction which happens often. The technical Stop Loss is below June MN Low. {image} Will update this trade as market progresses.
EMU i see price at historical area. Did i draw the levels correctly?
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD-WK_Analysis.png Size: 73 KB
Sad i'm not trying to understand PA
  • #59,406
  • Aug 3, 2015 3:03am Aug 3, 2015 3:03am
Quoting emmanuel7788
{quote} {quote} Hi AG, hi mazingaz, Good questions. I think there has been different stuff posted at different times which address the questions posted by members. This has led to some confusion when different subject of discussions got mixed up. I think it would be better to have these sorted out so that everyone can move on in the right direction. Please give me some time this week to sort these out and reply. It's my summer vacation and I am taking things easy for another 3 weeks. In the meantime, for those trading H1 intraday, - stick to what...
Hi Emm,

Thanks for your reply,

A couple more questions regarding the following, simple Table that I put together for the purpose of discussion only for ME/ME-2. I do not mean to imply that in using this example, EURUSD, that I have a Positive bias for this pair.

3) As regards the configuration of your basket, it appears that you need an account size of at least $5000 per Basket in order to keep within your Risk parameters. Then 5 Baskets would potentially require a $25,000 account at a minimum, perhaps more for a cushion. In the following Table this results in 150 pips of risk for your first position which may be pretty close to a typical Daily ATR for many pairs in volatile times and perhaps only 1/2 of their Weekly ATR - in other words not a lot of room. This assumes that you pick a single, fixed, hard SL that is then applied to all trades in a Basket. Is this correct?

4) My Table is a Grid for convenience, but do you place your trades by such a Grid, or do you individualize them, perhaps using momentum criteria to fine tune them?

5) Would it be useful to construct a Script for ME/ME-2, similar to the one you shared for ME/ME-1, at least to serve as a frame work for a Grid?
-------------------------------------
ME/ME-2 Position Table - Pull Back, anticipating return to Trend

Total Risk per Basket, 1% of $5000 = $50 = 500 Micro pips(1K)
5 positions spread @25 pips apart:
Initial Position Long @1.10000, AO 4 more each spaced 25 pips lower than previous if opportunity knocks
Hard SL set 50 pips below last potential position, @1.08500, so that all have room to breathe.

Position Price Stop Loss

Initial 1.10000 -150 pips
AO#1 1.09750 -125
AO#2 1.09500 -100
AO#3 1.09250 -75
Final 1.09000 -50

-500 pips

Hope you have a restful vacation and that my questions do not distract you from relaxing.
Best, AG
Do not dwell in the past, do not dream of the future, concentrate the mind.
  • #59,407
  • Aug 3, 2015 3:06am Aug 3, 2015 3:06am
Quoting Dimi.A
{quote} Hi mate, you can replicate the TDI on any mobile or tablet MT4. If you're using Dean Malone's original settings, the green line is a SMA(2) of a RSI(13,close). Then the red line is a SMA(7) of the green line. By way of proof, you can replicate this using factory MT4 indys: 1. Create RSI in a new window. Set the parameters to 13 and close, and the color to None, so that it doesn't show. 2. Drag the MA indy into the same window as the RSI. Set the values to 2, simple, close, color = Green, and most importantly, Apply to = Previous Indicator's...

Thx for the info
  • #59,408
  • Aug 3, 2015 3:21am Aug 3, 2015 3:21am
Quoting emmanuel7788
EURCAD D1 chart trading 3 August: The Big Picture is Monthly bullish, Weekly bullish....update this trade as market progresses.
Hi Emm! As far as EC is concerned, I saw MN and WK bullish trend, but didn't enter long on daily as green not crossed red, can i enter in daily charts in such a situation, only following the HTF trend?

Attached Image (click to enlarge)
Click to Enlarge Name: EURCADDaily.png Size: 40 KB
Winners Never Quit, Quitters Never Win
  • #59,409
  • Aug 3, 2015 3:58am Aug 3, 2015 3:58am
Quoting hsn100
{quote} Hi Emm! As far as EC is concerned, I saw MN and WK bullish trend, but didn't enter long on daily as green not crossed red, can i enter in daily charts in such a situation, only following the HTF trend? {image}

#1 in importance is the Price Action

#2 is the TDI to confirm. cross , 12-2 and 4-6 clock face angle.

what is the price action seen on D1 using either Price Bar or Japanese candlestick? is tje TDI green angle good?
what about the APB? is that 1st or 2nd APB change colour? APB body size?

next switch down to H4, is the TMS condition there?

then down to H1, is there a set up when Tokyo open?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,410
  • Aug 3, 2015 4:01am Aug 3, 2015 4:01am
Quoting AlbinaGrande
{quote} Hi Emm, Thanks for your reply, A couple more questions regarding the following, simple Table that I put together for the purpose of discussion only for ME/ME-2. I do not mean to imply that in using this example, EURUSD, that I have a Positive bias for this pair. 3) As regards the configuration of your basket, it appears that you need an account size of at least $5000 per Basket in order to keep within your Risk parameters. Then 5 Baskets would potentially require a $25,000 account at a minimum, perhaps more for a cushion. In the following...

Hi AG,

I am so happy to read your post.
You are thinking along the same line as me.
Some trading tools have been developed for ME/ME trading and being forward tested and used by some 20 active TMS members here.

I will look into what you wrote and will take these into consideration.

Thanks and regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,411
  • Aug 3, 2015 4:03am Aug 3, 2015 4:03am
Quoting omonisha
{quote} EMU i see price at historical area. Did i draw the levels correctly? {image}

Hi Omonisha,

It is not about being correct. You approach is good and so long you keep this consistent and apply that in your planning, it is good.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,412
  • Aug 3, 2015 4:10am Aug 3, 2015 4:10am
Quoting emmanuel7788
EURCAD D1 chart trading 3 August: The Big Picture is Monthly bullish, Weekly bullish. Here is one trade open today during Tokyo session open. As I won't have time to check every 4-hours, I simply place a limit order using 50% of the ADR. This should catch the retracement/correction which happens often. The technical Stop Loss is below June MN Low. {image} Will update this trade as market progresses.

EURCAD D1 trade update:
No retracement, so I took the first +24pips and re-enter same pos size.
new limit order place 0.5ADR distance below. This is use to catch any retracement and get a better average entry price.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD week 32 D1 chart trading update1 LO.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,413
  • Aug 3, 2015 5:37am Aug 3, 2015 5:37am
Hi Emmanuel. Is this correct Outside Bars are important for this System in Higher TF`s??
Why is that so?

Regards

Lazy
mia san mia since 1900
  • #59,414
  • Aug 3, 2015 6:46am Aug 3, 2015 6:46am
Quoting LazyTrad3r
Hi Emmanuel. Is this correct Outside Bars are important for this System in Higher TF`s?? Why is that so? Regards Lazy

Hi,

Outside Bar is just of the Three powerful forex pattern pdf... Post#20,110

The other Price Action patterns which I use in TMS trading are:

Hikkake: Post#16,419
Inside Bar : Post#42,301
Mother Bar : Post#55,045
Master Candle : Post#28,556 pdf in Post#25,594
Master Candle (3): Post#54,546

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,415
  • Aug 3, 2015 6:52am Aug 3, 2015 6:52am
Quoting emmanuel7788
{quote} EURCAD D1 trade update: No retracement, so I took the first +24pips and re-enter same pos size. new limit order place 0.5ADR distance below. This is use to catch any retracement and get a better average entry price. {image}

Dear Emmanuel:

Is the technical SL based on MN setup? 2 candles look back?


Best regards,
  • #59,416
  • Aug 3, 2015 7:05am Aug 3, 2015 7:05am
Quoting mousteven
{quote} Dear Emmanuel: Is the technical SL based on MN setup? 2 candles look back? Best regards,
Yes, below the June Low.
It was mentioned in the first post.

http://www.forexfactory.com/showthre...13#post8414113
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,417
  • Aug 3, 2015 9:00am Aug 3, 2015 9:00am
Quoting emmanuel7788
{quote} Yes, below the June Low. It was mentioned in the first post. http://www.forexfactory.com/showthre...13#post8414113
Dear Emmanuel

Sorry to ask you again, I think my real question is...

Why sometimes you setup the technical SL using 2 candles look back in daily time frame or use ADR*2 to find the technical SL. However, this time you placed SL by looking at MN chart's.

Can we put technical SL right here ?
http://screencast.com/t/1A8Cp6qSmppZ

Wish I could setup in the right place without the price getting hit when retracing happened

Best regards,
  • #59,418
  • Aug 3, 2015 9:24am Aug 3, 2015 9:24am
just want to share hope this indi is usefull
Attached File(s)
File Type: ex4 #NFX-BreakBox.ex4   31 KB | 1,111 downloads

i think it work best on h1

anyway tell me if its useless or inapropriate
i will delete this post.
Take What You Can , Give Nothing Back
  • #59,419
  • Aug 3, 2015 11:05am Aug 3, 2015 11:05am
Hi Everyone,

I want to used indicator like Synergy_Pro_APB but not used heiken ashi indicator.
So I decide to use MA. but anyone know whats the setting for 2 MA (yellow color line) ?

Attached Image
  • #59,420
  • Aug 3, 2015 11:12am Aug 3, 2015 11:12am
Quoting plutodev
Hi Everyone, I want to used indicator like Synergy_Pro_APB but not used heiken ashi indicator. So I decide to use MA. but anyone know whats the setting for 2 MA (yellow color line) ? {image}
EMA5 High

EMA5 Low
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