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Trading Made Simple

  • #63,381
  • Nov 17, 2015 6:58pm Nov 17, 2015 6:58pm
Quoting tibovwh
{quote} Never heard of them but let's think about this for a second. What do we need for the TDI? - An RSI - MA's Two of the oldest in the book perhaps Good trading today folks!

these sort of applying moving averages to any data existed in history.
we apply moving averages to price data,
we can apply moving average to RSI data, CCI data, etc.
J Welles Wilder created the RSI in the 90's, then many traders use the RSI and applied moving averages to it to see short term, medium term, long term price momentum.
trading systems creator gave their own names to such Fozzy-RSI based systems.

may books on the RSI out in the stores, .
the best one I have on my shelf is this one below:

RSI: The Complete Guide Post#27,110 by John Hayden

it is a good companion to our TMS trading.
it is well written and explain a few 'tricks' which help us look for the A+++ trade setups in TMS.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,382
  • Nov 17, 2015 7:05pm Nov 17, 2015 7:05pm
Quoting tibovwh
Pretty quiet here with Emmanuel taking a break! What is on your watchlist for today? What does your game plan say? Today I will be looking at GBP/USD. Both have numbers coming out. Possibly we can see more monetary policy divergence? I am closely watching /CAD pairs. Oil Daily chart looking fairly bullish. So I will think twice to go long USDCAD for now. RBA was dovish on China concerns so perhaps LO follows up on this. Best pair to trade this is pbb simple AUDUSD. What do you think?

Well, I am in vacation but my trading goes on running in my VPS. I just need to initiate my first trade, then ME/ME trade manager takes care of the position building and exiting my trades when the market reaches my preset TP levels and will also open a new basket if I preset that. Otherwise, it stops trading.
When my TMS Monitor send me email alert of potential trades in H4 and D1, I just login to my VPS wherever I am and can find an internet connection.

USDCAD is bullish and I have a few trades running.


Just close some ME/ME trades this week.
EU +376pips
NU +562pips
EA +934pips
EN +779pips.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,383
  • Nov 17, 2015 7:11pm Nov 17, 2015 7:11pm
Quoting emmanuel7788
{quote} Well, I am in vacation .....trades this week. EU +376pips NU +562pips EA +934pips EN +779pips. {image} {image} {image} {image}
Excellent trade results emmanuel7788 . One question: Few times back you were using CM to manage your trades, R u still using that?
Regards,
Winners Never Quit, Quitters Never Win
  • #63,384
  • Nov 17, 2015 7:24pm Nov 17, 2015 7:24pm
hello guys, I am new to FF and in need of someone's help. I found a system on a page but have no clue of the indicator that's been used in the system. I will appreciate it a lot if any programmer in here can help me. T🙏🏾😊😊🤘🏾hank you
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  • #63,385
  • Nov 17, 2015 7:30pm Nov 17, 2015 7:30pm
Quoting smika
Is there someone who has an indicator that send an email when the candle closed over the PAC? I can solve this by myself to send me an email when the can closed above or under the EMA lines (Pac lines), but maybe there is some indicator especially for pac?
Have a try. set fast ma period to 1, slow ma to 5 high & low sound & email to true
Attached File(s)
File Type: mq4 #Price Cross MA-Arrows.mq4   3 KB | 417 downloads
  • #63,386
  • Nov 17, 2015 7:32pm Nov 17, 2015 7:32pm
Quoting catalin_eros
AJ, H4, long, +45 pips EDIT: it's 50+, not 45 I entered on H4, and then I saw another opportunity, but on H1, so I decided to add to it. {image} EA, H4, short, +100 pips {image} UJ, H4, just closed it, 40+ pips {image} And my most important trade, EJ, H1, short, -20 pips {image} All trades were taken in line with the guppies, using PAC, SJ style. I hope SJ is watching.
Hi Catalin,

Very good trades. Can ask from your most important trade? Where was your initial stop loss? I guess it was not at 20 pips. What were your basis to quit?

Thank you for your reply.

okoso
  • #63,387
  • Nov 17, 2015 7:41pm Nov 17, 2015 7:41pm
Quoting hsn100
{quote} Excellent trade results emmanuel7788 . One question: Few times back you were using CM to manage your trades, R u still using that? Regards,

Yes, you can still use THV CaveManager CM to manage trades. But it cannot manage multiple trades and does not use magic number or EAN. That will no work for my ME/ME trade management.

With CM, you can have up to 4 exits maximum plus other features. It does scaling-out very nicely, but cannot scale-in trades you. Many traders still do not know how to use the full features of CM.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,388
  • Nov 17, 2015 7:53pm Nov 17, 2015 7:53pm
Quoting Vpa021
What input setting should be on my EMA?
Hi Vpa,

Many ppl are using ma differently
Big Emm is using 10,50&200ema
SJ is using Guppy long term which is 30,35,40,45,50 & 60 ema
This is the link was given by OuterWest the best Golden cross is 13&48.5 ema in daily chart for Indexes but not forex
So from now on I will stick to 10&50ema cross in daily for direction trade coz 13&48.5 not much different from 10&50
http://etfhq.com/blog/2013/01/15/gol...best/#SmaVsEma
  • #63,389
  • Nov 17, 2015 9:47pm Nov 17, 2015 9:47pm
i seem to not understand the importance of the EMA. Can someone please explain its importance and how to use/read it in simplest term as I am a rookie.
  • #63,390
  • Nov 18, 2015 12:41am Nov 18, 2015 12:41am
Quoting Rashmunk
hello guys, I am new to FF and in need of someone's help. I found a system on a page but have no clue of the indicator that's been used in the system. I will appreciate it a lot if any programmer in here can help me. T🙏🏾😊😊🤘🏾hank you {image}
No offense Rashmunk, but that chart looks extremely messy I dont know how anyone can make out head or tails whats going on there.
  • #63,391
  • Nov 18, 2015 1:09am Nov 18, 2015 1:09am
Quoting Vpa021
i seem to not understand the importance of the EMA. Can someone please explain its importance and how to use/read it in simplest term as I am a rookie.
EMA's define the trend for the period (EMA) ... For example if the candles are above 200 EMA, trend is UP in the long time and most of the professional traders trade depending on 200 EMA ... Opposite is ture for down trend ...
In the same 10 EMA shown trend in the short term ... That is why most of the traders wait for the candles to close above / below 10 EMA for all new trades ...
  • #63,392
  • Nov 18, 2015 1:21am Nov 18, 2015 1:21am
Quoting Fakinsupa
{quote} Thanks downloaded the latest one and looks good. Do I need to change the time as I live in Brisbane Australia?
Check post #63306 if setting broker offset is what you are after.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,393
  • Nov 18, 2015 1:55am Nov 18, 2015 1:55am
Quoting Vpa021
i seem to not understand the importance of the EMA. Can someone please explain its importance and how to use/read it in simplest term as I am a rookie.
Vpa,

Try this Grade 4 moving everage for more detail http://www.babypips.com/school
  • #63,394
  • Nov 18, 2015 1:57am Nov 18, 2015 1:57am
Quoting emmanuel7788
{quote} Well, I am in vacation but my trading goes on running in my VPS. I just need to initiate my first trade, then ME/ME trade manager takes care of the position building and exiting my trades when the market reaches my preset TP levels and will also open a new basket if I preset that. Otherwise, it stops trading. When my TMS Monitor send me email alert of potential trades in H4 and D1, I just login to my VPS wherever I am and can find an internet connection. USDCAD is bullish and I have a few trades running. Just close some ME/ME trades this...
Enjoy your time off!

I did not realize that you used an EA actually to do this sort of position building. So there is clear rules defined? Or do you take small lots on 15M or 1H when you are actually around to trade?

Could you talk a bit about these rules? This is grid like limit buying/selling? with 2 weeks look back S/L?

Best,
  • #63,395
  • Nov 18, 2015 2:25am Nov 18, 2015 2:25am
Quoting adikashyap
{quote} EMA's define the trend for the period (EMA) ... For example if the candles are above 200 EMA, trend is UP in the long time and most of the professional traders trade depending on 200 EMA ... Opposite is ture for down trend ... In the same 10 EMA shown trend in the short term ... That is why most of the traders wait for the candles to close above / below 10 EMA for all new trades ...
Hi adikashyap

I'm still wondering around Ema lol. Please forgive me.
For pull back 200ema in daily chart it can be 500+ pips or even up 1000+. So how you handle this pullback problem

Thank you
  • #63,396
  • Nov 18, 2015 2:30am Nov 18, 2015 2:30am
hi Pete many institutional traders look at daily for bias and 4hr and take entries on 1hr so if the daily is above 200 ema then drop down to the 4hr or 1hr and take trades in the direction of the main trend so daily being above 200 then u just buy but also consider using other methods such as tdi crosses 5 ema or 10 ema for entries and you should be ok
  • #63,397
  • Nov 18, 2015 3:39am Nov 18, 2015 3:39am
Quoting Vpa021
i seem to not understand the importance of the EMA. Can someone please explain its importance and how to use/read it in simplest term as I am a rookie.
If you are using the 5ema (or PAC) for trade entries the basic rule is once you see a setup you enter after the APB has closed above/below the ema /PAC. This will give you additional confirmation of momentum and stop you getting caught by the APB pulling back before closing.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,398
  • Nov 18, 2015 3:43am Nov 18, 2015 3:43am
Sort of related to Catalin's EJ trade yesterday:

Took short trade breakout out of Asia range. Entry a few pips late. Selling right into the 4H WRB Low. Should of sold at that low. Not an A+ trade. -20 pips


Today I took a long trade again after a ranging Asian session. Had some trouble with my margin requirement so entry was a bit late again. Exit at yesterday's high. I noted that yesterday was an IB but I rather take what market gives.. +30 pips
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  • #63,399
  • Nov 18, 2015 4:30am Nov 18, 2015 4:30am
Quoting Rashmunk
hello guys, I am new to FF and in need of someone's help. I found a system on a page but have no clue of the indicator that's been used in the system. I will appreciate it a lot if any programmer in here can help me. T🙏🏾😊😊🤘🏾hank you {image}
Nice piece of modern art. I bet it is titled 'In Search Of The Holy Grail'
I would suggest you post on the thread you found it on for more info. Or download the 2 or 3 indicators you need for the TMS method and start learning from this thread.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,400
  • Nov 18, 2015 4:42am Nov 18, 2015 4:42am
Can anyone tell me on the dots v3 Sj hosted how to set the broker open for me to trade my session ( London ) and my afternoon which would be the New york session? i am a bit confused if this needs changing at different times, Thanks!
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