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Trading Made Simple

  • #64,221
  • Dec 27, 2015 9:10pm Dec 27, 2015 9:10pm
Quoting MaxZen
Merry Christmas team TMS! I've been doing some back-reading today, and am sure that this question has been asked a few times but perhaps not for a while.. .. How many of the Masters here are using the 60ema (or another) to determine the trend of the HTF and therefore direction of potential trade entries? It seems to me that some people trade the 5ema and TDI on 1h or 4h regardless of what the 60ema is doing. I see that ScorpS uses a template with a very useful 10ema MTF indi. If you were trading the 4h TF would you only trade in the direction of...
Thanks for your wishes , when trading with EMA in case of 10 which I use, on daily and h4 when PA is above 10 and 10 is also in a nice angle up then am only looking for buys, use the same for shorts, I determine the trend with other cases too, but 10 can be enough and as power too

I trade H1 so that means I want to take a trade only in the direction of H4 , but also I look at D just for that extra confirmation, but 80% lets say will be based and focused on H4 direction

Regards
I Have Learned to Take Some Losses to Make Profits
  • #64,222
  • Dec 27, 2015 9:44pm Dec 27, 2015 9:44pm
Quoting emmanuel7788
Hello Folks, Just back after the Christmas weekend holidays and recovery from the eating, drinking and merry making. We are in the last 4 trading days of this year. Don't expect much liquidity in the markets as the big boys are still on holidays. Also don;'t expect any big moves unless China does something this week before the New Year. If you must trade and practice trading the 5-Method, then trade the lower timeframes M15/M5 with small target profit expectation. I wont be trading until the markets return to normal in week 03 i.e. from 18 Jan onwards....
Thanks for your song. Enjoy your holiday, and wish your green pips of 2016.
  • #64,223
  • Dec 27, 2015 10:00pm Dec 27, 2015 10:00pm
Good day all. Starting off this festive week with an observation. Any comments are welcome.

Spotted all pairs has fulfilled the Xmas+weekend gap, except for NZDUSD. Will be CT, and price currently hitting a resistance level/ last week high / Oct swing. Looking for possible short.

Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-12-28.png Size: 64 KB
  • #64,224
  • Dec 27, 2015 11:57pm Dec 27, 2015 11:57pm
Quoting Javforex
Good day all. Starting off this festive week with an observation. Any comments are welcome. Spotted all pairs has fulfilled the Xmas+weekend gap, except for NZDUSD. Will be CT, and price currently hitting a resistance level/ last week high / Oct swing. Looking for possible short. Cheers. {image}

Hi,

With most banks closed for holidays I do not expect much movement today when London open.

Looking at NZDUSD with my usual top down approach. I am bullish bias but beware of stop orders below since we saw last week was bullish and also last Thursday was bullish. But counter trend trades in lower timeframe M15 and M5 are both possible but the number of pips is not attracive for pips hunters.

Look at MN chart using Line Chart and identify where the historical price swing levels were and look at current market.
Also take a moment, switch from Line Chart and to look at the Bar Chart or Japanese Candlestick Chart.
Is the market trending or in consolidation? Wide range or narrow range?

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD MN Big Picture.png Size: 41 KB


Then switch to the next timeframe W1 and see the market type - is it trending or sideways?

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD W1 Big Picture.png Size: 39 KB


Now switch down to the Day chart, look at the Day bias for today' trading. Buy or Sell?

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD D1 Big Picture.png Size: 50 KB


Then move down to your TMS trading chart and make you trading decision.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,225
  • Dec 28, 2015 12:08am Dec 28, 2015 12:08am
Nzdusd m15

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD M15 29 Dec GMT0607.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,226
  • Dec 28, 2015 1:42am Dec 28, 2015 1:42am
Quoting emmanuel7788
{quote} Hi, With most banks closed for holidays I do not expect much movement today when London open. Looking at NZDUSD with my usual top down approach. I am bullish bias but beware of stop orders below since we saw last week was bullish and also last Thursday was bullish. But counter trend trades in lower timeframe M15 and M5 are both possible but the number of pips is not attracive for pips hunters. Look at MN chart using Line Chart and identify where the historical price swing levels were and look at current market. Also take a moment, switch...
Thanks for the great top down analysis. Looking your charts analysis really convinced my bullish bias. Despite knowing it will be counter trend, I went in short, hoping it will close up the weekend gap, which I now have doubt.

Humbly asking your opinion from your experience: that if the trend is such bullish, it is possible that a weekend gap be skipped and bulldozed through like such an example?

Thanks and appreciate your analysis.
  • #64,227
  • Dec 28, 2015 2:09am Dec 28, 2015 2:09am
Quoting TheScorpS
Its giving days , so non stop , with 2 posts I really like, so thought to share again and again First post by a member used to be here with us Lorbax Second is another post bu Munir, which helped me learn along the way , wish they both were here with us But anyways, I just would like to dedicate my sincere gratitude for both , wish them happy holidays too {file} {file}
Thank you for your quote Scorps, always a pleasure to read you guys here and there.
I have really little time and I distract easily so it's best for me not to follow forums too much in these times, doing quite a lot of house-fixing and re-building on my own, dividing my time with it and trading.

I would like to wish you all a happy new year, with success, profit and happiness.
Stay focused, TMS is a great tool, don't give up!

Ciao
Lorenzo
  • #64,228
  • Dec 28, 2015 2:24am Dec 28, 2015 2:24am
Quoting lorbax
{quote} I would like to wish you all a happy new year, with success, profit and happiness. Stay focused, TMS is a great tool, don't give up! Ciao

Thanks buddy, enjoy your holidays + the same to you ;-)
Guido
Risiko birgt immer auch die Chance.
  • #64,229
  • Dec 28, 2015 5:18am Dec 28, 2015 5:18am
Quoting lorbax
{quote} Thank you for your quote Scorps, always a pleasure to read you guys here and there. I have really little time and I distract easily so it's best for me not to follow forums too much in these times, doing quite a lot of house-fixing and re-building on my own, dividing my time with it and trading. I would like to wish you all a happy new year, with success, profit and happiness. Stay focused, TMS is a great tool, don't give up! Ciao
Thanks a lot, and happy holidays, good luck with the new home

Quoting Sesamstrasse
{quote} Thanks buddy, enjoy your holidays + the same to you ;-) Guido
Thanks a lot for sending my message , appreciate it and happy holidays , not trading today , and might be all week too
I Have Learned to Take Some Losses to Make Profits
  • #64,230
  • Dec 28, 2015 5:53am Dec 28, 2015 5:53am
Hi, I need to change the colors of the arrows in the dashboard, but reading the code I can't find the place where to do this. Anyone can help me with this????...Thank you....
Attached File(s)
File Type: ex4 TMS 10EMA Dashboard.ex4   10 KB | 346 downloads
File Type: mq4 TMS 10EMA Dashboard.mq4   8 KB | 444 downloads
  • #64,231
  • Dec 28, 2015 8:00am Dec 28, 2015 8:00am
Quoting jjventural
Hi, I need to change the colors of the arrows in the dashboard, but reading the code I can't find the place where to do this. Anyone can help me with this????...Thank you....
good to see someone else willing to have a play with MQ4s in metaeditor
surprising what one learns


Mq4 in meta-editor line 29 seems to be the one for the blue arrows, as to actual numbers to use in the code I do not know, Red arrow will be one of these numbers as well. You're going to have to have a play around like I just did. Open a blank chart with only the indicator on it, position meta editor so you can see the indicator, change the number, click compile to see the effect. edit and undo to restore mq4 to original condition if you stuff it up Or just delete the file and re download it
Attached Image (click to enlarge)
Click to Enlarge Name: line29.jpg Size: 132 KB
"You know what needs to be addressed , completely completely reverse that".
  • #64,232
  • Dec 28, 2015 8:10am Dec 28, 2015 8:10am
Quoting Kmw
{quote} good to see someone else willing to have a play with MQ4s in metaeditor surprising what one learns Mq4 in meta-editor line 29 seems to be the one for the blue arrows, as to actual numbers to use in the code I do not know, Red arrow will be one of these numbers as well. You're going to have to have a play around like I just did. Open a blank chart with only the indicator on it, position meta editor so you can see the indicator, change the number, click compile to see the effect. edit and undo to restore mq4 to original condition...
If line 29 is colour then it is probably the RBG values.

Go in to MT4
Hit F8 to go to properties
Select any one of the colours preferences and go down to 'Custom' at the bottom
Click anywhere on the coloured rainbow square and see that the 'Red, Green, Blue' below change.
Find a colour that you like and make a note of these RGB values.
Enter these in line 29

Having said that.... the number 167-100-00 is a character short of the usual three digit format... When entering those values you get a warm brown....
  • #64,233
  • Dec 28, 2015 8:25am Dec 28, 2015 8:25am
http://www.myfxbook.com/members/Real...e-live/1450287
  • #64,234
  • Dec 28, 2015 8:54am Dec 28, 2015 8:54am
Quoting RealSoldier
http://www.myfxbook.com/members/Real...e-live/1450287
This is your monitoring on this system?

Great result
Do not be afraid to make mistakes, be afraid to repeat them.
  • #64,235
  • Dec 28, 2015 9:06am Dec 28, 2015 9:06am
Many thanks Kmw and MaxZen for your help. Taking into account what you said, I read again the code and went to line 183 and changed the parameter GI_184 for the name of the colour up and then in the line 193 I changed the parameter GI_188 for the name of the colour down and now it's working very well. Thanks again....
  • #64,236
  • Dec 28, 2015 10:50am Dec 28, 2015 10:50am
Quoting JasonDeaN
{quote} This is your monitoring on this system? Great result
No, Not with this system. This is my own strategy.
  • #64,237
  • Dec 28, 2015 1:34pm Dec 28, 2015 1:34pm
Quoting RealSoldier
{quote} No, Not with this system. This is my own strategy.
I don't mean to pry, and am far from a Master trader, but your SL and profit in pips (and %) suggest that your Risk:Reward is quite "racy".. You are also not letting many of your trades run the distance. I would caution to do LOTS (i.e. years) of back testing plus plenty forward testing (as you are doing now) before going live with such a risky R:R.

There might be good reasons for these things but I thought I'd offer some observations before you go live
  • #64,238
  • Dec 28, 2015 2:32pm Dec 28, 2015 2:32pm
Quoting TheScorpS
{quote} Thanks for your wishes , when trading with EMA in case of 10 which I use, on daily and h4 when PA is above 10 and 10 is also in a nice angle up then am only looking for buys, use the same for shorts, I determine the trend with other cases too, but 10 can be enough and as power too I trade H1 so that means I want to take a trade only in the direction of H4 , but also I look at D just for that extra confirmation, but 80% lets say will be based and focused on H4 direction Regards
Hi Scorps, can you tell me your 10 ema settings please?
  • #64,239
  • Dec 28, 2015 3:16pm Dec 28, 2015 3:16pm
Quoting emmanuel7788
{quote} Hi, With most banks closed for holidays I do not expect much movement today when London open. Looking at NZDUSD with my usual top down approach. I am bullish bias but beware of stop orders below since we saw last week was bullish and also last Thursday was bullish. But counter trend trades in lower timeframe M15 and M5 are both possible but the number of pips is not attracive for pips hunters. Look at MN chart using Line Chart and identify where the historical price swing levels were and look at current market. Also take a moment, switch...
Thanks for your view
  • #64,240
  • Dec 28, 2015 3:31pm Dec 28, 2015 3:31pm
Quoting Scrambleguy
{quote} Hi Scorps, can you tell me your 10 ema settings please?
This is MA for template Scorp
Attached Image
Do not be afraid to make mistakes, be afraid to repeat them.
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