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Trading Made Simple

  • #63,601
  • Nov 23, 2015 6:22am Nov 23, 2015 6:22am
Quoting Drewas
So entered after first red candle. Has turned against me couple of pips down at the moment. Cant win them all! {image}
Hay Drewas
Please can u tell how to get that ADR indicator
Thanks u fellas
  • #63,602
  • Nov 23, 2015 6:52am Nov 23, 2015 6:52am
Is there someone who is using de TP en SL settings given by Synergy_Pro_Trade_Alert? Or are these alert, not valid enough?
  • #63,603
  • Nov 23, 2015 6:59am Nov 23, 2015 6:59am
Quoting Goodolday
{quote} Hay Drewas Please can u tell how to get that ADR indicator Thanks u fellas
Here i think

Quoting snarlyjack3
{quote} Vpa021, Nice meeting you! Yes, of course...give this a try. sj {file} {file} {file} {file} {file}
We're all just one trade away from humility.
  • #63,604
  • Nov 23, 2015 7:12am Nov 23, 2015 7:12am
eur/jpy h4

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.eH4.png Size: 56 KB


if this candle finish as bull and next candle buying is valid ?

@drewas @catalin eros
Stay Foolish , Stay Hungry
  • #63,605
  • Nov 23, 2015 8:03am Nov 23, 2015 8:03am
Quoting kingakp
eur/jpy h4 {image} if this candle finish as bull and next candle buying is valid ? @drewas @catalin eros
hello kingakp,

yes the rules is 2nd candle entry is good, i believe 3rd candle is ok too.

good luck,
Meihk
  • #63,606
  • Nov 23, 2015 8:08am Nov 23, 2015 8:08am
Quoting kingakp
eur/jpy h4 {image} if this candle finish as bull and next candle buying is valid ? @drewas @catalin eros
If you are a newbie you should not be attempting Counter Trend Trades at all, even the most skilled Traders battle with Counter Trend Trades
  • #63,607
  • Nov 23, 2015 9:39am Nov 23, 2015 9:39am
Here is another example of why I am a breakeven trader at best:

GBPAUD 30M Sell.

Doug Zalesky Mantra #4: NEVER TURN A WINNER INTO A LOSER.

"What we are really talking about here is the greed factor."

It moved 70 pips in my favor and came close to the BRN 2.10. For some reason i did not exit.
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafdruk 2015-11-23 17.35.53.png Size: 70 KB
  • #63,608
  • Nov 23, 2015 10:11am Nov 23, 2015 10:11am
Quoting tibovwh
Here is another example of why I am a breakeven trader at best: GBPAUD 30M Sell. Doug Zalesky Mantra #4: NEVER TURN A WINNER INTO A LOSER. "What we are really talking about here is the greed factor." It moved 70 pips in my favor and came close to the BRN 2.10. For some reason i did not exit. {image}
Hello Tibovwh,
Take a look to this dashboard and you will see the trends of a certain number of pairs. This dashboard is not the absolute true, but, it can help you to think about your strategies checking the time frames like H4, D1 and W1 or more if you want.
As you can imagine, there is not any dashboard that can tell you exactly what you can do, but this tool can help you in order to facilitate yours decisions.
I hope that will help you in the future.
Thomas
Attached Image (click to enlarge)
Click to Enlarge Name: DashboardH4.png Size: 37 KB
  • #63,609
  • Nov 23, 2015 10:24am Nov 23, 2015 10:24am
Quoting ThomasMelo
{quote} Hello Tibovwh, Take a look to this dashboard and you will see the trends of a certain number of pairs. This dashboard is not the absolute true, but, it can help you to think about your strategies checking the time frames like H4, D1 and W1 or more if you want. As you can imagine, there is not any dashboard that can tell you exactly what you can do, but this tool can help you in order to facilitate yours decisions. I hope that will help you in the future. Thomas {image}
Appreciate your reply. I know the dashboard. As you can see from my picture I do not trade on MT4. I coded myself a dashboard like this for my platform a while back.

It is not completely clear to me how your dashboard tip can help me solve the problem I stated. I was aware that my trade was in the direction of the trend.

Best,
  • #63,610
  • Nov 23, 2015 10:32am Nov 23, 2015 10:32am
Quoting tibovwh
{quote} Appreciate your reply. I know the dashboard. As you can see from my picture I do not trade on MT4. I coded myself a dashboard like this for my platform a while back. It is not completely clear to me how your dashboard tip can help me solve the problem I stated. I was aware that my trade was in the direction of the trend. Best,
Have you ever considered trading with the THV CavaManager, it whould have scaled you out at 35 Pips, and moved your stop loss to break even, you would have at least had a profit of 35 Pips.
  • #63,611
  • Nov 23, 2015 10:45am Nov 23, 2015 10:45am
Quoting stefan17
{quote} Have you ever considered trading with the THV CavaManager, it whould have scaled you out at 35 Pips, and moved your stop loss to break even, you would have at least had a profit of 35 Pips.
You are correct, I should do this. Again: Not on MT4 platform.

I used to have demo access to the full version of my platform for which I had a similar trade manager. Unfortunatly, my broker made demo accounts restricted to the basic features of the platform and my trade manager script is not included so unless I open a live account and pay €30 per month for the full functionality of my platform than I cannot use this manager. So I gotta find a way to do this manually. Tbh, this doesn't even look really hard to do but as soon as you are in a trade it becomes much harder

But Scaling out of positions is definatly something I will focus on more this week. (Also one of Doug Zalesky's 25-point Mantra).

Best,
  • #63,612
  • Nov 23, 2015 10:48am Nov 23, 2015 10:48am
Quoting tibovwh
Here is another example of why I am a breakeven trader at best: GBPAUD 30M Sell. Doug Zalesky Mantra #4: NEVER TURN A WINNER INTO A LOSER. "What we are really talking about here is the greed factor." It moved 70 pips in my favor and came close to the BRN 2.10. For some reason i did not exit. {image}
For me the sharp change of direction of the green TDi line is a warning to get out and then the retrace to more than half of the blue candle is a definite out for me. I would have hoped to be out before TDI crossed other way. Just my 2 cents.
We're all just one trade away from humility.
  • #63,613
  • Nov 23, 2015 10:53am Nov 23, 2015 10:53am
Quoting Drewas
{quote} For me the sharp change of direction of the green TDi line is a warning to get out and then the retrace to more than half of the blue candle is a definite out for me. I would have hoped to be out before TDI crossed other way. Just my 2 cents.
Thanks for your reply. Also very valid point. The third bar since entry closed blue and shorter APB. TDI reversal was pretty sharp and to be totally honest, I did not pay enough attention to this. this is not a normal 'consolidation' in the TDI.

Best,
  • #63,614
  • Nov 23, 2015 12:00pm Nov 23, 2015 12:00pm
Quoting tibovwh
{quote} Thanks for your reply. Also very valid point. The third bar since entry closed blue and shorter APB. TDI reversal was pretty sharp and to be totally honest, I did not pay enough attention to this. this is not a normal 'consolidation' in the TDI. Best,
Whats the ADR at the moment on that pair? I dont have it on my MT4.
We're all just one trade away from humility.
  • #63,615
  • Nov 23, 2015 12:35pm Nov 23, 2015 12:35pm
Quoting drewas
{quote} whats the adr at the moment on that pair? I dont have it on my mt4.
gbpaud d1

adr100 = 246
adr5 = 207
  • #63,616
  • Nov 23, 2015 1:11pm Nov 23, 2015 1:11pm
can somebody post the right tdi indicator
  • #63,617
  • Nov 23, 2015 1:18pm Nov 23, 2015 1:18pm
Quoting trade786
can somebody post the right tdi indicator
is this the one you need?
Attached File(s)
File Type: mq4 TDI-With_Alerts.mq4   24 KB | 431 downloads
Bulls are stupid Animals!especially when Im short!
  • #63,618
  • Nov 23, 2015 7:12pm Nov 23, 2015 7:12pm
Quoting Drewas
Tib0vh, The only advice I can give is to stick with it and never give up. Personally speaking some days I trade like a level four and some days you trade like a level 1. The difference between you and the other 95%(or whatever the figure is) is that losing wont make you give up. The mental side of trading is seldom discussed in this or other threads in forex factory but is the key to being profitable longer term in my opinion. I for one meditate before trading. This may sound a bit hippy but i close my eyes and focus on counting to 100 focusing...

My mind has been very well conditioned for trading over more than 25 years. That is what mental fitness is all about.

It is taking the RED PILL as in this book by Dr Van Tharp

Attached Image


... begin your transformation to become a trader here!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,619
  • Nov 23, 2015 7:20pm Nov 23, 2015 7:20pm
Quoting catalin_eros
{quote} Good morning, Big Emm! To be honest, I don't see it as a valid TMS setup. Those are tiny candles. And I don't think his entry was based purely on WRB. He most likely didn't even know there was a WRB, otherwise, he would have stated that. He asked from a purely ABP, 5EMA, TDI and stochastics point of view. Please provide some details, because I strongly disagree with you on this one. No hard feelings, Big Emm!

Hey,

No hard feelings of course. I never take anything in FF personally. It is a free public forum and we can have many robust discussion, we can agree, we can disagree, etc.

After all what is important to live a fulfilled life is to enjoy bliss every moment. It is very easy to have blissful moments everyday - just be grateful for everything, everyone, do not have in our heart anger, fear, hatred, jealousy, etc. (all the negative elements which drain our emotional energy).

Have a Blissful Day.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,620
  • Nov 23, 2015 7:21pm Nov 23, 2015 7:21pm
Quoting trade786
can somebody post the right tdi indicator

the right one is the one which helps you make money. you won't find it here.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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