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Trading Made Simple

  • #63,421
  • Nov 18, 2015 8:37am Nov 18, 2015 8:37am
Quoting BataviaTrade
Any thoughts for a newbie on this set up? My H4 bar ends in about 40 minutes. There must be more to it than just this. Otherwise it would be too simple I guess? {image}
You are trading CT ...
How many Blue candles were there in last reversal? 1 ...
Before that ... again 1 ..
No 1 can swim a long against the Current .....
  • #63,422
  • Nov 18, 2015 8:47am Nov 18, 2015 8:47am
Quoting okoso
{quote} 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
Hello, Okoso!

Thanks!

Sorry for the late reply! Just now I popped in here.

You are perfectly right, my SL was not 20 pips. My SL was above the PAC. I put it above for sells, under for buys. I thin Dimi.A told me about this, if I remember correctly. But I exited manually when I realized my mistake. Cut losers short. If I were to stay in the trade, with my SL above the PAC, I would have been in a bigger loss now. But I exited with 20 pips minus. 19, to be more precise.

I hope that was helpful. Happy trading!
  • #63,423
  • Nov 18, 2015 8:50am Nov 18, 2015 8:50am
Quoting tibovwh
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 {image} {image}
Great minds think alike and lose alike.
  • #63,424
  • Nov 18, 2015 9:07am Nov 18, 2015 9:07am
Quoting adikashyap
{quote} You are trading CT ... How many Blue candles were there in last reversal? 1 ... Before that ... again 1 .. No 1 can swim a long against the Current .....
CT=Countertrend? So basically you are saying I should look voor short trades here?
Attached Image (click to enlarge)
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  • #63,425
  • Nov 18, 2015 9:09am Nov 18, 2015 9:09am
Quoting Scrambleguy
{quote} Hi, I.would like to trade 1h, 4h and poss daily. I haven't nailed that down yet being newish
Hello!

I would stick to H4 and D1. That is my plan also, but today I did not follow it, because I did not see anything that I liked on H4 or D1, so I am in 3 trades taken on H1: GN, AJ, UC. Currently above 50 pips in all cumulated. We'll see what the future unfolds.
  • #63,426
  • Nov 18, 2015 9:14am Nov 18, 2015 9:14am
Quoting BataviaTrade
{quote} CT=Countertrend? So basically you are saying I should look voor short trades here? {image}
Absolutely ... till the time you get proper reversal confirmation on HTF ... DB / TB ... Bullish Divergence etc ...
  • #63,427
  • Nov 18, 2015 9:24am Nov 18, 2015 9:24am
Quoting emmanuel7788
{quote} 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.
big emm ..i guess i asked you earlier about cave manager EA .how you use it .it will be great if you give some tips/manual (yours ).thanks
Say something meaningful or Silence!!
  • #63,428
  • Nov 18, 2015 9:35am Nov 18, 2015 9:35am
Quoting classy
{quote} big emm ..i guess i asked you earlier about cave manager EA .how you use it .it will be great if you give some tips/manual (yours ).thanks
If you check the paperclip there is a basic manual there already
Or check out post #58001
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,429
  • Nov 18, 2015 9:44am Nov 18, 2015 9:44am
There seems to be a lot of talk about ema. This might save you drawing them all over your charts but make sure you understand what they are showing you.
Attached File(s)
File Type: ex4 SimpleEMAv1.ex4   20 KB | 273 downloads
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,430
  • Nov 18, 2015 9:44am Nov 18, 2015 9:44am
I decided to close my GN trade, because it might retrace a little before breaking the last swing high. 48 pips gained.

We are clearly in an uptrend, so I expected a retracement, and then I wanted to jump in, on the first signal. I entered on the close of the first ABP, because for me that was the signal that the trend will resume. As you can see, APB closed above the PAC, which is exactly what I am looking for when entering a trade. I also paid attention to the guppies, which acted as support and pushed PA higher. Now for the interesting part: this is my first trade taken with more confluence from the TDI, besides just the cross. I am talking about the VB. Look how nicely TDI went back inside the VB and then started to move up! Thanks to Guido, I remembered what I read in the past about the TDI. So I'll pay more attention to the VB from now on.

Two trades left open: AJ and UC. One is in minus, one is with plus. Overall, about 5 pis plus at the moment.
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  • #63,431
  • Nov 18, 2015 9:47am Nov 18, 2015 9:47am
Quoting catalin_eros
I decided to close my GN trade, because it might retrace a little before breaking the last swing high. 48 pips gained. We are clearly in an uptrend, so I expected a retracement, and then I wanted to jump in, on the first signal. I entered on the close of the first ABP, because for me that was the signal that the trend will resume. As you can see, APB closed above the PAC, which is exactly what I am looking for when entering a trade. I also paid attention to the guppies, which acted as support and pushed PA higher. Now for the interesting part: this...
welcome buddy
.. nice trading!
Risiko birgt immer auch die Chance.
  • #63,432
  • Nov 18, 2015 10:08am Nov 18, 2015 10:08am
SL hit on AJ. Well, we can't always have it our way, can we? 21 pips lost. But UC is still holding. I reduced the risk by following the PAC.
Attached Image (click to enlarge)
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A new hour, and 2 new opportunities found. I took them both, but just for a quick scalp. A test. Depending on the following candles, I might turn them into normal trades, not scalping. I would have to see strength, momentum... "handsome" ABPs.
HINT: look for similar setup of my GN trade, and you will know which ones I just entered.
  • #63,433
  • Nov 18, 2015 10:31am Nov 18, 2015 10:31am
TP hit on UC trade. 23 pips gained.
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  • #63,434
  • Nov 18, 2015 10:43am Nov 18, 2015 10:43am
I have just moved my SL to BE on one of those 2 trades that I was mentioning earlier. It's the EU. The reason I was just aiming for a quick scalp is obvious, I think: very small room to resistance. I was aiming for 15 pips, and SL was above PAC, which was 20 pips. Not a favorable R:R, almost 1:1, but I knew the weakness of the euro and the strength of the dollar, so I thought 15 pips would be achievable.

I moved my target further, since I am now on a free ride. I am now aiming for 40 pips. But I might close it manually, if needed.
Attached Image (click to enlarge)
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  • #63,435
  • Nov 18, 2015 11:06am Nov 18, 2015 11:06am
Quoting catalin_eros
I have just moved my SL to BE on one of those 2 trades that I was mentioning earlier. It's the EU. The reason I was just aiming for a quick scalp is obvious, I think: very small room to resistance. I was aiming for 15 pips, and SL was above PAC, which was 20 pips. Not a favorable R:R, almost 1:1, but I knew the weakness of the euro and the strength of the dollar, so I thought 15 pips would be achievable. I moved my target further, since I am now on a free ride. I am now aiming for 40 pips. But I might close it manually, if needed. {image}
You are killing it this week Catalin, great stuff, I just want to know do you ever take in consideration the yellow market baseline on TDI (on your charts the black line) when taking trades
  • #63,436
  • Nov 18, 2015 11:14am Nov 18, 2015 11:14am
Quoting catalin_eros
I decided to close my GN trade, because it might retrace a little before breaking the last swing high. 48 pips gained. We are clearly in an uptrend, so I expected a retracement, and then I wanted to jump in, on the first signal. I entered on the close of the first ABP, because for me that was the signal that the trend will resume. As you can see, APB closed above the PAC, which is exactly what I am looking for when entering a trade. I also paid attention to the guppies, which acted as support and pushed PA higher. Now for the interesting part: this...
Hy Catalin
can u give me ur guiede what VB mean?thanks aniway
  • #63,437
  • Nov 18, 2015 11:23am Nov 18, 2015 11:23am
Quoting stefan17
{quote} You are killing it this week Catalin, great stuff, I just want to know do you ever take in consideration the yellow market baseline on TDI (on your charts the black line) when taking trades
Hello, Stefan!

No, I don't take it into consideration. At least not at the moment. Maybe in the future... who knows? But now I have it there because I was too lazy to remove it. Keep in mind that I am still testing, I am still on demo and will remain on demo this year. But I trade exactly as I would/will on live. In other words, I am religiously following the rules, just as I will on my live account. I am following the steps: learn, demo, live with small lots, then go for bigger lots.

I hope you caught some nice pips today!
  • #63,438
  • Nov 18, 2015 11:24am Nov 18, 2015 11:24am
Quoting Goodolday
{quote} Hy Catalin can u give me ur guiede what VB mean?thanks aniway
Hi, Goodolday!

VB stands for volatility bands. The blue bands on the TDI.
  • #63,439
  • Nov 18, 2015 11:34am Nov 18, 2015 11:34am
Hi guys, are most of you trend trading? Because it can get confusing if it's trending on the daily but pulling back on the 4h, likewise trending on 4h but pulling back on the 1h.. What's the best timeframe, is it still 4h like big E stated?
  • #63,440
  • Nov 18, 2015 12:05pm Nov 18, 2015 12:05pm
Quoting Scrambleguy
Hi guys, are most of you trend trading? Because it can get confusing if it's trending on the daily but pulling back on the 4h, likewise trending on 4h but pulling back on the 1h.. What's the best timeframe, is it still 4h like big E stated?
Well, if we are trading with multiple timeframes, if it's trending on the daily, and pulling back on H4, then we should be patient and wait for the H4 to stop pulling back and start trending.
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