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Trading Made Simple

  • #60,201
  • Sep 2, 2015 8:16am Sep 2, 2015 8:16am
Quoting emmanuel7788
{quote} that is possible for this pair. what is the spread to volatility ratio? 100pips spread to make 1600pips in a week.
havent checked but yes after some research it does seem normal, and backtesting, pips are plenty

also i want t touch on something you said to another member, synergy abp are not the same heiken ashi?

the whole time ive been using standard MT4 HA candles thinking they were the same with different names
  • #60,202
  • Sep 2, 2015 8:27am Sep 2, 2015 8:27am
Quoting yuki0912
Today's trade... 1st GBPUSD +25pips(1H chart) SL 30pips→15pips(When Position went to +10pips changed SL ) H4 TDI green below red. H1 TDI green under red(at that time) under EMA and Red PAB 2nd EURUSD -1.1pips(1H chart)SL 30pips But USD economics indicator is coming, so I closed 3rd EURJPY -30pips(1H chart) Why it became red pips? i had it morning(8AM GMT+9 ) Should I take between LO to NY time? 4th EYRJPY -50pips(4H chart) 4H TDI green over yellow and over EMA and PAB was Blue. I had it noon (1PM GMT+9) The reason I lost is I didn't take London...
That's a great series of trades mate. I like your honesty as well and I like how you listed how you closed your trade at -1.1 pips. I've done that myself a few times too just to get out! Keep it up bro.
  • #60,203
  • Sep 2, 2015 8:36am Sep 2, 2015 8:36am
Hello friends,
I did not see anything intrusting
Am I wrong?
regards
Attached Image (click to enlarge)
Click to Enlarge Name: 2.9.2015.PNG Size: 107 KB
  • #60,204
  • Sep 2, 2015 9:03am Sep 2, 2015 9:03am
Note that the Synergy APB and the Heiken Ashi are different.[/quote]

OMG!
Is this why I am losing hundreds of pips almost every day with this strategy?
Today I lost so far 250 pips. I thought HA is actually APB.
Would someone please post the APB file?
Thanks in advance!
  • #60,205
  • Sep 2, 2015 9:10am Sep 2, 2015 9:10am
Quoting Dimi.A
{quote} That's a great series of trades mate. I like your honesty as well and I like how you listed how you closed your trade at -1.1 pips. I've done that myself a few times too just to get out! Keep it up bro.
Thank you　Dimi!

I'll study more.

and another trade +15pips
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  • #60,206
  • Sep 2, 2015 9:12am Sep 2, 2015 9:12am
Quoting Donquixote
{quote} i was like you aiming for 20 pip untill i got a job ( multiple job ) and i kinda hate to think hard for 20 pip(if i were aim for 20 pips it must be supper simple system that u can decide buy or sell at certain time , like only decide when london open or frankfurt open) so, i change to h4 since the signal in h4 is rare its not really good at taking only 20 pip, do u trade at 15 min? anyway , i hope your trading goes well too.
I do not know exactly what TF I trade. I am still in the testing faze. Today I tried to trade the H1, like PHX62 did, without looking at the higher time frames. He made tons of pips, I lost tons of pips.
I traded M30 the other days, still it did not go well.
I tried M15 on the thread with Arjun candle, I lost almost all trades there, too. I do not know why this strategy works for everyone, except me. I hope to find the mistakes I make with it and correct them. If not, I guess I'll move on to other strategies.
  • #60,207
  • Sep 2, 2015 9:47am Sep 2, 2015 9:47am
Quoting catalin_eros
{quote} I do not know exactly what TF I trade. I am still in the testing faze. Today I tried to trade the H1, like PHX62 did, without looking at the higher time frames. He made tons of pips, I lost tons of pips. I traded M30 the other days, still it did not go well. I tried M15 on the thread with Arjun candle, I lost almost all trades there, too. I do not know why this strategy works for everyone, except me. I hope to find the mistakes I make with it and correct them. If not, I guess I'll move on to other strategies.
Hi,
Sorry to hear that things aren't going well. Post a couple of charts because there is enough knowledge here to help you sort things out.
cheers
Attached File(s)
File Type: ex4 Synergy_Pro_APB.ex4   7 KB | 322 downloads
Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,208
  • Sep 2, 2015 9:48am Sep 2, 2015 9:48am
Can anyone help.

I am looking for a EA that opens a buy trade
when it hits a green horizontal Trend line,
And opens a sell trade when it hits a red horizontal trend line,
I know it exists because I've lost it . If anyone knows where I can find one .
please leave me the link.
Thank you.
  • #60,209
  • Edited 10:54am Sep 2, 2015 10:36am | Edited 10:54am
Quoting redfan
Can anyone help. I am looking for a EA that opens a buy trade when it hits a green horizontal Trend line, And opens a sell trade when it hits a red horizontal trend line, I know it exists because I've lost it . If anyone knows where I can find one . please leave me the link. Thank you.
Did you mean for limit order? here are couple of scripts Just drag and drop where you want your buy or sell order to be trigger. Change the lot size SL TP inside the edit tab before use.

 

  1. Post 54,625

Sad i'm not trying to understand PA
  • #60,210
  • Sep 2, 2015 10:50am Sep 2, 2015 10:50am
Quoting Lookleft
{quote} Hi, Sorry to hear that things aren't going well. Post a couple of charts because there is enough knowledge here to help you sort things out. cheers {file}
Thanks!
  • #60,211
  • Sep 2, 2015 10:55am Sep 2, 2015 10:55am
Quoting omonisha
{quote} Did you mean for limit order? here are couple of scripts Just drag and drop where you want your buy or sell order to be trigger. Change the lot size SL TP inside the edit tab before use. Post 54,625
thank you.
will give this a go
  • #60,212
  • Sep 2, 2015 12:58pm Sep 2, 2015 12:58pm
Quoting catalin_eros
{quote} I do not know exactly what TF I trade. I am still in the testing faze. Today I tried to trade the H1, like PHX62 did, without looking at the higher time frames. He made tons of pips, I lost tons of pips. I traded M30 the other days, still it did not go well. I tried M15 on the thread with Arjun candle, I lost almost all trades there, too. I do not know why this strategy works for everyone, except me. I hope to find the mistakes I make with it and correct them. If not, I guess I'll move on to other strategies.
hi catalin....i believe any strategy any system even...it may rsi/stoch/ma/cross/bounce/sar/pivot /fibo/wave/ anything ..it must work/will work/was work ..if you follow it as it is what creator said(they tested/succed and published)... touch your heart ...ask your self..do you realy follow all rules of TMS or arjun system..i doubt....all system fail some time but not always...fist be disciplined...be focus.......be paitent...be optimistic...be successful...!!!
Say something meaningful or Silence!!
  • #60,213
  • Sep 2, 2015 3:01pm Sep 2, 2015 3:01pm
Quoting catalin_eros
{quote} I do not know exactly what TF I trade. I am still in the testing faze. Today I tried to trade the H1, like PHX62 did, without looking at the higher time frames. He made tons of pips, I lost tons of pips. I traded M30 the other days, still it did not go well. I tried M15 on the thread with Arjun candle, I lost almost all trades there, too. I do not know why this strategy works for everyone, except me. I hope to find the mistakes I make with it and correct them. If not, I guess I'll move on to other strategies.
Catalin,

Firstly, do not think for a second that everyone else is seeing consistent success except you. Forums can be very misleading since many traders only post their good trades. In fact it's very rare that anyone admits that they are struggling. Most will just move onto the next system and try their luck elsewhere. Even the most experienced traders using this system will have losing streaks. Of course, managing risk and capital during these periods is what really makes the difference.

Secondly, you need to be realistic with your expectations. PHX62 is undoubtedly the pioneer of TMS on H1 charts and spent 1000's of hours back testing, forward testing and live trading to develop a system that worked for him. Since he learnt the system and price behaviours so well, he makes it look very easy. To simply look through his material and expect to be able to get similar results is not realistic. The same is also true with Arjun for the same reasons.

Lastly, you mentioned switching to a different system if you don't see improvements soon. Don't be too hasty. Any system requires many hours of work before you'll see success. TMS does work and the fact that this is one of the most popular threads on FF is a testament to that. Big E knew what he was talking about. If you're interested in trading H1 my advice is to strip your chart down to the raw basics of TMS. APBs and TDI. Close all your charts except for a single currency pair on a single timeframe. Observe how price (APB's and TDI) behaves during different times of day, trading sessions, news releases etc. (Phx62 did this for 1-2yrs on EUR/USD in order to learn TMS). Finally, post your charts in here, winners and losers. there is an excellent community with some very talented traders that are more than happy to help. It won't happen overnight but you'll slowly start to see the light. Give it time. You won't regret it.

Best of luck

Ballistical
Focus on the process and the profits will follow
  • #60,214
  • Sep 2, 2015 3:29pm Sep 2, 2015 3:29pm
Classy and Ballistical, thank you for taking time to write such good advice! Definitely a motivation for someone who's a little frustrated about how the things worked out with this particular strategy. I will try it with APB instead of HA, thanks to LookLeft, who was kind enough to answer my request. Will see how it goes from now on.
Thanks again, guys!
  • #60,215
  • Sep 2, 2015 3:30pm Sep 2, 2015 3:30pm
Quoting Ballistical
{quote} Catalin, Firstly, do not think for a second that everyone else is seeing consistent success except you. Forums can be very misleading since many traders only post their good trades. In fact it's very rare that anyone admits that they are struggling. Most will just move onto the next system and try their luck elsewhere. Even the most experienced traders using this system will have losing streaks. Of course, managing risk and capital during these periods is what really makes the difference. Secondly, you need to be realistic with your expectations....
Well said,Happy Trading
  • #60,216
  • Sep 2, 2015 3:44pm Sep 2, 2015 3:44pm
Quoting catalin_eros
Classy and Ballistical, thank you for taking time to write such good advice! Definitely a motivation for someone who's a little frustrated about how the things worked out with this particular strategy. I will try it with APB instead of HA, thanks to LookLeft, who was kind enough to answer my request. Will see how it goes from now on. Thanks again, guys!
catlin this da spirit..i can bet you will not find any succecfull/gen trader...there is no trader here and there ..never ever blow his account once/twice..more... don't give up.....if you know what you are doing ..why ...and love it/like it /enjoy it ..don't open any trade just to trade ..1st decide/check why you want to trade ?how many pips/money you want to gain/achieve..how much you want spent ...if have any doubt /confussion ..just no trade ..remember "every dog has a day"
Say something meaningful or Silence!!
  • #60,217
  • Sep 2, 2015 6:15pm Sep 2, 2015 6:15pm
Quoting catalin_eros
Note that the Synergy APB and the Heiken Ashi are different.
OMG! Is this why I am losing hundreds of pips almost every day with this strategy? Today I lost so far 250 pips. I thought HA is actually APB. Would someone please post the APB file? Thanks in advance![/quote]


the difference in the Synergy APB and the Heiken Ashi is not the problem and do not explain your losses.
Both the APB and HA work they way they are coded for.
It is knowing their difference and how to use them in our trade set decisions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,218
  • Sep 2, 2015 6:41pm Sep 2, 2015 6:41pm
Quoting catalin_eros
{quote} I do not know exactly what TF I trade. I am still in the testing faze. Today I tried to trade the H1, like PHX62 did, without looking at the higher time frames. He made tons of pips, I lost tons of pips. I traded M30 the other days, still it did not go well. I tried M15 on the thread with Arjun candle, I lost almost all trades there, too. I do not know why this strategy works for everyone, except me. I hope to find the mistakes I make with it and correct them. If not, I guess I'll move on to other strategies.
Catalin,

You are not the only one. There are many silent ones who chose to suffer the same but quietly. Many others who PM me also shared with me their experience and how they continue to make losing trades despite following this thread for months. Every one has quite different reasons why they still have not made it to be profitable. The same reason is lack of screen time and have not opened their 'third eye' for details and trading.

The first big mistake you made is to believe that someone make 'tons of pips' simply because he posted only trades which made to look like big winners on charts in FF. You can do the same when you do back-testing by scrolling back to history charts and pin point where the entry should be and where the exit should be to make maximum pips. But in real trading in live market environment many of the trades posted are not possible. Trading using hindsight is very educational which can be helpful but also can mislead the novice trader wanting to learn this simple trading method.

This trading method is only 10% and if you do not have the basic trading skills and and knowledge about trading the market, you should not jump from different timeframes - M15, M30, H1.
Do you understand this pic below and how to see the 'trend' in each different timeframe on your charts?
Attached Image



You should spend some time and take stock of what knowledge and skills you already have and work on those skills which you will need in moving forward.
The ten things which you need to have skills to read on your charts are:-

  1. Price Action
  2. Trend
  3. Multi-Time Frame
  4. Momentum
  5. Support and Resistance
  6. Continuation
  7. Volatility
  8. Market Strength
  9. Range
  10. Timing

You need to work on a plan to develop yourself to become a trader. There is a lot to be done. You won't find this here in Forex Factory.

regards,

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,219
  • Sep 2, 2015 6:51pm Sep 2, 2015 6:51pm
Quoting Trader MT4
Hello friends, I did not see anything intrusting Am I wrong? regards {image}

Hi,

Your screen may not big enough to see all the charts.
But if you group your charts in a certain way and use a different profile for each group, that may help with a better visual.

AUDUSD, EURUSD, GBPUSD, USDCAD
EURAUD, EURNZD, EURCAD,EURGBP
GBPAUD, GBPNZD, GBPCAD,EURGBP
USDJPY, AUDJPY, EURJPY, GBPJPY

If you are looking for setups with TDI cross and APB#1 and #2, there is nothing on H4. You have to look for CONTINUATION setups.... there are more of these than reversal setups.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,220
  • Sep 2, 2015 7:04pm Sep 2, 2015 7:04pm
Quoting yuki0912
Today's trade... 1st GBPUSD +25pips(1H chart) SL 30pips→15pips(When Position went to +10pips changed SL ) H4 TDI green below red. H1 TDI green under red(at that time) under EMA and Red PAB 2nd EURUSD -1.1pips(1H chart)SL 30pips But USD economics indicator is coming, so I closed 3rd EURJPY -30pips(1H chart) Why it became red pips? i had it morning(8AM GMT+9 ) Should I take between LO to NY time? 4th EYRJPY -50pips(4H chart) 4H TDI green over yellow and over EMA and PAB was Blue. I had it noon (1PM GMT+9) The reason I lost is I didn't take London...

Hi Yuki,

In my opinion, you are over trading in one day. You need only 5 intraday trades a week and will make some good money. Just pick the high probability ones. Observe the market timing for different currency pairs.
Asian session, avoid trading the first 2 - 3 hours when Sydney open, wait for Tokyo open that is when most of the other Asian markets are also open and more liquidity flow back into Asia. You focus on 20 pips during this early morning trade. Trade AU, AJ and EJ H1/M15 during Tokyo morning.

But if those are your demo trading to learn, then that is okay. The next thing you can do is review those trades and learn from each trade win/loss.

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