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Trading Made Simple

  • #61,981
  • Oct 23, 2015 5:09am Oct 23, 2015 5:09am
10 k$? 30 % is a huge amount of money...

Quoting emmanuel7788
Over OFAMA lunch today, we had a few guest traders to share and talk about trading. One new chap spoke on how he traded for a living, his trading system, and that he makes on average 500pips each week 5 trading days trading just AU, EU, GU, EJ and UJ and that grew his account 30% every week. When asked about what is his account size, he mention a nice figure. On hearing that account size, the leader in the group told him to cut his crap. What do you think that figure was? OFAMA = One Friday A Month Affair
  • #61,982
  • Oct 23, 2015 5:11am Oct 23, 2015 5:11am
Quoting emmanuel7788
EURUSD 23 Oct H1 TDI bounce setup .. {image}
Not a fan of trading against the trend, have gotten burned to many times in the past doing that.
  • #61,983
  • Oct 23, 2015 6:27am Oct 23, 2015 6:27am
I tried another long after a 1H cross on USDCAD. Barely reached first TP only to get wacked after PBOC rate cut :l
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  • #61,984
  • Oct 23, 2015 6:42am Oct 23, 2015 6:42am
H4 from H1
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  • #61,985
  • Oct 23, 2015 7:01am Oct 23, 2015 7:01am
Quoting stefan17
{quote} Not a fan of trading against the trend, have gotten burned to many times in the past doing that.

Yes. Better not to trade against the trend.

My post was about the TDI comparison and if the TDI Red Green is lagging the TDI RT in live market data. I hope to get some members views on what is their experience with both version of the TDI, one which repaints when chart are refreshed and the the realtime version which does not repaint.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,986
  • Oct 23, 2015 8:18am Oct 23, 2015 8:18am
Hello all,

I read this thread until page 27, and I want to post my open position just now G/U
with 40 pips trailing stop
26 pips already
Many thanks to Big E, and May he be happy in his next journey of life
Attached Image
  • #61,987
  • Oct 23, 2015 8:53am Oct 23, 2015 8:53am
Quoting emmanuel7788
{quote} GBPUSD 23 Oct: today will be intraday trading on H1 / M15 only. I know a few managed to sell after that high was tested yesterday. That took many days of stalking this pair and it down to the timing and that needed some event move it. Today, we look at some selling but limit to intraday trading. Close at or before London close and start your weekend. best case, it would test 1.5350 , take what the market give you and walk away. Don't forget to say thanks to the market. worst case, you take a loss and walk away if it puulback before...
Trade closed at 1.5350 before London close.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,988
  • Oct 23, 2015 9:08am Oct 23, 2015 9:08am
Quoting zenfx
Hello all, I read this thread until page 27, and I want to post my open position just now G/U with 40 pips trailing stop 26 pips already Many thanks to Big E, and May he be happy in his next journey of life {image}
Hello, nice enter
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Just be careful, it's end of week, and london is close.
  • #61,989
  • Oct 23, 2015 9:23am Oct 23, 2015 9:23am
soo anoying
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the tdi ady crossed, clear cross i entry buy at the start of the marked candle
result is sl hit , -50 pip
Take What You Can , Give Nothing Back
  • #61,990
  • Oct 23, 2015 9:27am Oct 23, 2015 9:27am
Quoting Donquixote
soo anoying {image} the tdi ady crossed, clear cross i entry buy at the start of the marked candle result is sl hit , -50 pip

Spend time to observe the TDI version in live market data.

This one below on GBPUSD, there is difference which TDI version you use when you trade in live market data.
The TDI Red Green which is a repainting version show cross up.
The other TDI RT a realtime non re-painting version show the TDU Green in a 4-6 angle.
The PA decides the trade setup BEEB/BEOB and the TDI RT is the confirmation.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,991
  • Oct 23, 2015 9:30am Oct 23, 2015 9:30am
Quoting zenfx
Hello all, I read this thread until page 27, and I want to post my open position just now G/U with 40 pips trailing stop 26 pips already Many thanks to Big E, and May he be happy in his next journey of life {image}

Very nice, consolidation then breakout.

Good trade!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,992
  • Oct 23, 2015 9:42am Oct 23, 2015 9:42am
EURUSD 23 Oct H1 TDI compare .

How can anyone trade with the repainting version TDI in H1 live market without refreshing their chart and expect to make money.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,993
  • Oct 23, 2015 9:46am Oct 23, 2015 9:46am
Quoting emmanuel7788
{quote} Spend time to observe the TDI version in live market data. This one below on GBPUSD, there is difference which TDI version you use when you trade in live market data. The TDI Red Green which is a repainting version show cross up. The other TDI RT a realtime non re-painting version show the TDU Green in a 4-6 angle. The PA decides the trade setup BEEB/BEOB and the TDI RT is the confirmation. {image}
Thats not quite right, the BEOB wasn't there until the candle finished and when it did it, the repainting version showed down as it is in your pic, I take it, it hasn't been refreshed, the line you have is showing the start of the bearish engulfing.
  • #61,994
  • Oct 23, 2015 9:53am Oct 23, 2015 9:53am
Quoting lastingwell
{quote}Thats not quite right, the BEOB wasn't there until the candle finished and when it did it, the repainting version showed down as it is in your pic, I take it, it hasn't been refreshed, the line you have is showing the start of the bearish engulfing.

Very simple. You look at my chart, the candle after the BEOB was still running and the BEOB had closed. The 2 TDIs are from this thread and that is the actual screen captured. It is clear that both the TDI Green lines are showing different. I will refresh the chart later at end of day and post the chart update.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,995
  • Oct 23, 2015 9:59am Oct 23, 2015 9:59am
NZD/USD. Entered this on the second H4 bar. I'm not going to retire off this trade, but it should have a few pips in it!

This is my first trade using the ATR to help work out SL and TP levels. I've been using other methods to set the SL, but I'm far happier with using ATR.
What settings to other people who use the ATR/ADR for SL and TP's use? Both ATR period and %.

Cheers,

Dave
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  • #61,996
  • Oct 23, 2015 10:03am Oct 23, 2015 10:03am
Quoting emmanuel7788
{quote} Very simple. You look at my chart, the candle after the BEOB was still running and the BEOB had closed. The 2 TDIs are from this thread and that is the actual screen captured. It is clear that both the TDI Green lines are showing different. I will refresh the chart later at end of day and post the chart update.
And from what I can see in your pic the tdi repainting version is down on this running candle, its at a different angle to the realtime which it would be but its still pointing down, the tip of it is at the 40 mark.
  • #61,997
  • Oct 23, 2015 10:11am Oct 23, 2015 10:11am
Hello all my EU and GU trade using the 5 method ME/ME. Thank you Emmanuel7788! I put everything i learned from this thread and the other simple trading systems together.
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  • #61,998
  • Oct 23, 2015 10:34am Oct 23, 2015 10:34am
Quoting DaveWebb
NZD/USD. Entered this on the second H4 bar. I'm not going to retire off this trade, but it should have a few pips in it! This is my first trade using the ATR to help work out SL and TP levels. I've been using other methods to set the SL, but I'm far happier with using ATR. What settings to other people who use the ATR/ADR for SL and TP's use? Both ATR period and %. Cheers, Dave {image}
Hi there,

I'm also trying to use ATR values for S/L and profit target's in order to have my system less random across pairs. I don't know if this is to my benefit so far, but we'll see how it goes along the way.

For 1H signals I use a 2x ATR(20) value. It has been advised in this thread to use 2xATR(10) but I find the candles before LO (when I take most signals) to be somewhat biased down often. ATR(20) seems to give nice averages throughout the day...

I'm taking profits at 1xATR 2xATR and 4xATR with more weight to 2xATR. This sounds complicated but my platform does this for me... In addition I also have a 3xATR trailing stop behind my 2x ATR S/L. I'm in the process of reviewing my trades over the last 3 weeks to see how this has performed (or how I have performed)...

Tbh, this is definatly never 'optimal'. I know some have enough experience to enter and exit 1 lot at the exact moments to capture the full move but simply put: I don't have enough experience. So what I'm doing with this imo, is lowering my equity curve somewhat, in order to have lower DD (or better put: smoothing out). I'm also thinking about changing this a little so I can just get some good trades and get some confidence with the system and then tweak it back to some higher R/R trades as we go... Haven't made up my mind.

I find it very hard to practically think how to 'optimize' this in my system but I'm trying my best not to think too much about it and focus on proper execution of trades. If entries are good than my S/L and TP will suffice for now. We can optimize after some months of steady gains I guess?

If I take a 4H signal, then I use the 2xATR(100). I gotta admit however that I'm not convinced about this. I'm contemplating using fixed S/L as this is easier for multiple entries.

So, some quick thoughts of mine on this subject. I'm by no means and expert trader or anything but maybe it help you at all.

Good weekend,
  • #61,999
  • Oct 23, 2015 11:13am Oct 23, 2015 11:13am
2015 Week 43 - Trade Summary:

4 trades in total:
- 2 Wins
- 1 BE
- 1 Loss

The first weekly summary from me in a while, since I've been travelling for the past few weeks. Whilst I struggled to trade during the break, I spent a lot of time developing my trade plan with a particular focus on being more selective with my entries in order to avoid losses. I'm hoping that the results of this work become evident in my trading over the next few weeks. It was certainly a good result for my first week back. Overall 240 pips this week giving approximately 10% on the account from just 4 trades... sometimes less is definitely more

Monday: Got to my charts at FO to see a nice TMS signal upwards. However, the trade would have been right into the 200EMA. I waited until LO and sure enough the 200EMA stood strong in the way of price. This in fact formed an A+ signal in the opposite direction. TDI green bouncing away from red, all below the 50 line. Also the red APB signal candle engulfing the previous bar and showing rejection from the moving average. I entered immediately at LO and the trade moved relatively well for a Monday. LO+1 missed TP1 by a pip or so, before making the inevitable retracement. LO+2 continued the trend, taking out TP1 on the way and LO+3 missed TP2 by 4-5 pips. Since LO+2 and LO+3 made such a strong move down I was now awaiting another retracement/reversal. We were also at a strong resistance level from last week and when price began to pullback I exited with +90 on the second position. As it happens, I was right to do so, since this was indeed the reversal I suspected. (+140, +6%)

Tuesday: Not too much to say for Tuesday. I entered at LO on the continuation, with the thinking that the downward momentum from FO would allow me to at least get my SL to BE. Not really an A+ setup and a situation that I am still working on defining properly in my plan. My entry short ended up being pretty much the low of the session...Doh! (-25,-2%)

Wednesday: I got to my charts at FO to see an A+ setup staring me in the face. I don't tend to trade FO all that often as it can be tricky, but under the right circumstances FO can offer some excellent opportunities. Price had hovered around the 200EMA since Tuesdays US session with a really tight Asian range of around 30 pips. This signalled that a strong breakout was on the way. FO-1 formed a strong bullish signal candle, breaking above the range and (similarly to Monday) demonstrating rejection from the 200EMA. This was enough PA confirmation for me. I entered at FO upon a break of Tuesday's high. The trade moved well with both positions meeting TP's by the end of the LO candle. I thought about scalping the inevitable deep retracement at LO+1 but I need to do more backtesting on this scenario first. After such an explosive open, the rest of the day was predictably dead. (+150, +6%)

Thursday: Thursday is often the best day of the week to trade this pair and there is no doubt that it provided the move of the week this time round. I was wary about an entry around LO due to the unscheduled news release a few hours prior causing a big spike. LO fell straight into the 200EMA where it stalled for a few hours until NYO. The US news created a huge 160 pip candle breaking through the 200EMA and closing unusually close to its low for such a quick move. I considered an entry following the move but after such a huge signal candle I was unsure so decided to stay out. In hindsight the fact that its close was so near to its low signalled that momentum was still there following the releases but this is another scenario that still needs work on my part. The news candle was only the beginning of a much greater move and price fell throughout the remainder of the US and Asian session forming a streak of 20 red APBs!

Friday: Following in the wake of Thursday's move and considering the scheduled High Impact Euro news releases, I was not confident trading Friday's LO. Sure enough LO formed a fake-out (just about good for 50 pips if you were quick enough) before pulling back to form a pin bar. Once LO+1 closed blue, I entered on the TMS signal long on the assumption that LO had set the low for the session and we were about to see a retracement. It was counter trend but the LO pin bar was my PA confirmation and price had a lot of breathing space to any S&R. It didn't happen and I got out at BE before price dropped again. I had my eye on a divergence setup (shown on chart) around NYO but the blue signal candle made a significant pullback and being Friday afternoon there just wasn't the volume available so I stayed out.

Overall a good result for the week. I hope everyone else stayed in the green!!

Have a good weekend all!

Ballistical
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Focus on the process and the profits will follow
  • #62,000
  • Oct 23, 2015 12:24pm Oct 23, 2015 12:24pm
I took a sell. I don't know why that market when the other why after a number of divergence,
Could someone help explain why the bulls where so furious.

Regards,
Festus.
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Motivation is what gets you started. Habit is what keeps you going
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