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Trading Made Simple

  • #64,281
  • Jan 2, 2016 5:35am Jan 2, 2016 5:35am
Hello Folks,

It's a brand new year I wish everyone a Happy New Year and that you will make greater achievements in your trading business this year with abundance of pips and profits.

I just managed to reply all PMs of the past 4 weeks received during my year end vacation and hope I did not miss any of your PMs. In case I do, please PM me a again and I will reply them soon before the market re-opens tomorrow.

Some common questions I get often asked is to on how to achieve consistency in trading results and also how to make a trading business plan.

Consistency is often the result of your trading discipline in following your own trading plan and trading rules. It is very difficult to share and talk about how to reach and maintain trading consistency. But I hope the following post can help you look at yourself and how you traded in 2015. Make some simple rules to help you check your own discipline when you trade in this new year.

Trading Discipline : Post#48,628

Also these post may help you evaluate your performance in 2015 and make a better trading business plan for 2016.

Getting Through Your First Month of Forex Trading : Post#12,218
Creating a Trading Plan : Post#12,168
Trading Plan (sample template) : Post#33,4261

kind regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,283
  • Jan 2, 2016 10:31am Jan 2, 2016 10:31am
Hi to all you guys that have been doing some great work here.

Ive been trading for years with varying degrees of failure, not much for the last couple of years due to various 'stuff', but recently have got my psychology right, so Ive gotten over the biggest hurdle at last and now I do manange to scrape a profit. I had a quick look at this system a while ago and after reading the firsthopefullyhought at some point will have to look at it in more detail, but now I find there isnt any, all you need is in the very first post, demoed it last week on the Christmas market and it works in real time just as it does looking back at the chart from the little Ive seen and the obvious success that I see in the posts.

I can even trade it easily on my tablet with Trade Interceptor, and I expect its swings and roundabouts on which hour the 4hr candle starts?

Looking forward to Monday and hopefully pocket some real pips.
  • #64,284
  • Jan 2, 2016 1:51pm Jan 2, 2016 1:51pm
Quoting pips29
as usual, I am leaving pips on the table..My bias is cad weakness {image} {image}
may i ask you what this "Heiken Ashi Tape" Indicator is for? i wanted to have a MTF Heiken Ashi Indicator, which shows me the Heiken Ashi Status of higher timeframes but no coder on mql5.com was able to do this.

And i would also be interested in this cool calendar indicator...
hope you will fullfill me my 2 wishes - hey, itīs christmas
  • #64,285
  • Jan 2, 2016 4:46pm Jan 2, 2016 4:46pm
Quoting Sharkoon
{quote} may i ask you what this "Heiken Ashi Tape" Indicator is for? i wanted to have a MTF Heiken Ashi Indicator, which shows me the Heiken Ashi Status of higher timeframes but no coder on mql5.com was able to do this. And i would also be interested in this cool calendar indicator... hope you will fullfill me my 2 wishes - hey, its christmas
Hi Sharkoon,
are you looking for something like the indi in the top middle?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 42 KB


It shows the color of the HA candles on all time frames and PA in regard of EMA10. It only works with MT5, not MT4. I can share it if you/somebody is interested. I am starting to learn TMS and I would be glad to give something back to all the people sharing their know how in this great thread. Since I am used to MT5 (not MT4), I did some coding during the last weeks.
Best regards, blackfriday
  • #64,286
  • Jan 2, 2016 5:10pm Jan 2, 2016 5:10pm
Quoting blackfriday
{quote} Hi Sharkoon, are you looking for something like the indi in the top middle? {image} It shows the color of the HA candles on all time frames and PA in regard of EMA10. It only works with MT5, not MT4. I can share it if you/somebody is interested. I am starting to learn TMS and I would be glad to give something back to all the people sharing their know how in this great thread. Since I am used to MT5 (not MT4), I did some coding during the last weeks.
thanks for your help but i was looking for this nice heiken ashi bar indicator. I would drop 2 or 3 of them among each other to have a good overview of the heiken ashi states in the higher timeframes
yours would do the job, too - but i dont have MT5
Attached Image (click to enlarge)
Click to Enlarge Name: 160103-0001ha.jpg Size: 195 KB
  • #64,287
  • Jan 3, 2016 12:28am Jan 3, 2016 12:28am
Quoting Sharkoon
{quote} thanks for your help but i was looking for this nice heiken ashi bar indicator. I would drop 2 or 3 of them among each other to have a good overview of the heiken ashi states in the higher timeframes yours would do the job, too - but i dont have MT5 {image}
Hi Sharkoon, here's the indicator
Attached File(s)
File Type: mq4 Heiken Ashi-Tape.mq4   3 KB | 710 downloads
the cautious seldom err....C
  • #64,288
  • Jan 3, 2016 1:33am Jan 3, 2016 1:33am
weekly g/u
let's see if we can get a support TL with either of these two lines drawn. I need a third touch...would be even better if price breaks thru and get rejected and end up as a pinbar
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 40 KB
the cautious seldom err....C
  • #64,289
  • Jan 3, 2016 4:35am Jan 3, 2016 4:35am
Hi Masters ,
Can you please share your thoughts about NZDUSD ,
Daily TDI cross down while the trend is up
Dojji Bullish candle formed on daily ,
4 Hr , 1 Hr Chart Losing momentum , (TDI FLAT )
For me i think its on rest and may be we will see bullish movement after this rest
Please review , Thanks in advance
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.01.03_13h23m54s_001_.png Size: 107 KB
Click to Enlarge Name: Ashampoo_Snap_2016.01.03_13h26m04s_003_.png Size: 90 KB
Click to Enlarge Name: Ashampoo_Snap_2016.01.03_13h27m04s_004_.png Size: 60 KB
  • #64,290
  • Jan 3, 2016 5:28am Jan 3, 2016 5:28am
Quoting blackfriday
{quote} Hi Sharkoon, are you looking for something like the indi in the top middle? {image} It shows the color of the HA candles on all time frames and PA in regard of EMA10. It only works with MT5, not MT4. I can share it if you/somebody is interested. I am starting to learn TMS and I would be glad to give something back to all the people sharing their know how in this great thread. Since I am used to MT5 (not MT4), I did some coding during the last weeks.
Hi blackfriday, would you mind sharing your template? I like it a lot.... Thank you...
  • #64,291
  • Jan 3, 2016 6:51am Jan 3, 2016 6:51am
Please find the template and my indicators attached (only MT5.....). Hope, the Profitometer will work with your account, too

Attached File(s)
File Type: tpl #Standard_Dark.tpl   53 KB | 446 downloads

Attached File(s)
File Type: zip Indicators.zip   163 KB | 632 downloads
Best regards, blackfriday
  • #64,292
  • Jan 3, 2016 10:50am Jan 3, 2016 10:50am
Quoting emmanuel7788
{quote} Look at this multi-charts below. What is the Dominant Trend? After the Black Monday Day candle, what do you see? Right now, a new H4 candle just open (GMT0900) , what is the price action? {image}
Hi emmanuel! I found this post from september, what is the name of this MTF indicator that shows HA and TDI, so I can find it on papperclip?

Thanks !
  • #64,293
  • Jan 3, 2016 12:10pm Jan 3, 2016 12:10pm
My big picture planning and strategy for the EUR/USD

EURUSD: With a reversal of almost all of its previous week seen the past week, EURUSD bear pressure builds up on 1.0795 zone. On the down, support is located at the 1.0795 level and if violated, expect more weakness to happen towards the 1.0750 level. Further down, support lies at the 1.0700 level where a violation will aim at the 1.0650 level. A break of here will aim at the 1.0600 level. Its weekly RSI is bearish and pointing lower suggesting further downside pressure. On the upside, resistance is comes at 1.0900 level with a cut through here opening the door for more upside towards the 1.0950 level. Further up, resistance lies at the 1.1000 level where a break will expose the 1.1050 level. All in all, EURUSD bear pressure builds up on 1.0795 zone, its Dec 07 2015 low.
EURUSD Strategy: Sell at 1.0869, Stop loss at 1.09937, Price target at 1.0769 & 1.0719
  • #64,294
  • Jan 3, 2016 5:14pm Jan 3, 2016 5:14pm
Quoting mokuro89
{quote} Hi emmanuel! I found this post from september, what is the name of this MTF indicator that shows HA and TDI, so I can find it on papperclip? Thanks !

Hi,

Those are multi-charts by pipware. You can read about it and how we use MTFA using multiple charts on one screen.

Multi Time Frame Analysis:
Pipware Multi-charts Post#22,190, Post#58,291, Post#59,663
***Important post to read for correct TDI version to use Post#58,401

Triple Screen Trading System by Dr Alexander Elder Post#23,973, Post#55200, Post#62,175
Checking three different timeframes charts is a way how we reconcile the TIMING of our trade entry on the lower timeframe where we make our market entry.
We look at the price action and the TDI condition of all three timeframes to confirm the setup is high probability in the direction of the Primary (Dominant) Trend.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,295
  • Jan 3, 2016 5:44pm Jan 3, 2016 5:44pm
Quoting stefan17
My big picture planning and strategy for the EUR/USD EURUSD: With a reversal of almost all of its previous week seen the past week, EURUSD bear pressure builds up on 1.0795 zone. On the down, support is located at the 1.0795 level and if violated, expect more weakness to happen towards the 1.0750 level. Further down, support lies at the 1.0700 level where a violation will aim at the 1.0650 level. A break of here will aim at the 1.0600 level. Its weekly RSI is bearish and pointing lower suggesting further downside pressure. On the upside, resistance...
Market just re-open after the 2 weeks of rather low liquidity. I will not trade this week but will follow the developments closely. Jan 2016 is a month which we should listen to the fundamentals as most corporation would have known their last year's performance results and also the big economies will know have their GDP data. We should wait and see how the various markets will react to the 2015 GDP data.

EURUSD MN has been sideways since March 2015. With 3 major historical price swing levels in play, it can go either way this new month. There is 10EMA above current price action and I would be looking at potential buy positions from next week onwards.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD MN BPP week02 4-Jan.png Size: 34 KB



On the W1, PA is wrap around its 10EMA. With previous week being bearish, this week's bias is to sell. Just watch those RN.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD W1 BPP week02 4-Jan.png Size: 40 KB


On the D1 chart below, I see possible sell trades down to the BRN 1.08 with PA around its 10EMA and the historical price swing level 1.098.


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD D1 BPP week02 4-Jan.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,296
  • Jan 3, 2016 8:26pm Jan 3, 2016 8:26pm
Happy New Year to you Trade Simple traders here. May 2016 be better to you than 2015.

I stumbled on to something for those of us with bad eyes - poor vision. It helps with the visual thing I dislike the most about Metatrader charts. That is, the ever so tiny font size on the charts. This works for my charts in Internet Explorer.

How to enlarge the numbers and text on Metatrader
Open a browser window and go to View->Zoom-> then click on 400%. Close the IE browser window.
Now Open your Metatrader charts. Then prices on the right and for cursor crosshairs, as well as the rest of the text on the UI is much larger. It does not distort price bars or indicators.

I found this out after enlarging a small picture I was trying to see better and then closed the browser window. Then I opened the MT to see how the year end action was going ... and voila! bigger numbers!

Hope it helps somebody else like me.
Trading is simply about managing the area between your ears
  • #64,297
  • Jan 4, 2016 12:48am Jan 4, 2016 12:48am
Quoting blackfriday
Please find the template and my indicators attached (only MT5.....). Hope, the Profitometer will work with your account, too {file} {file}
Many thanks blackfriday....
  • #64,298
  • Jan 4, 2016 1:24am Jan 4, 2016 1:24am
Just came home and found targets were hit..Entries were not good, exits could have been better if I had internet connection but my bearish bias on this pair was correct,so all in all I am happy for a good start of the brand new year....now to look for something to trade...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYmicroM15.png Size: 53 KB
the cautious seldom err....C
  • #64,299
  • Jan 4, 2016 1:37am Jan 4, 2016 1:37am
Quoting planthetrade
Happy New Year to you Trade Simple traders here. May 2016 be better to you than 2015. I stumbled on to something for those of us with bad eyes - poor vision. It helps with the visual thing I dislike the most about Metatrader charts. That is, the ever so tiny font size on the charts. This works for my charts in Internet Explorer. How to enlarge the numbers and text on Metatrader Open a browser window and go to View->Zoom-> then click on 400%. Close the IE browser window. Now Open your Metatrader charts. Then prices on the right and for cursor crosshairs,...
Or buy a bigger monitor... Just kidding.... Thanks for the tip!
  • #64,300
  • Jan 4, 2016 1:40am Jan 4, 2016 1:40am
for those asking for this ...
Attached File(s)
File Type: mq4 CurrencyStrengthAlerts (2).mq4   28 KB | 887 downloads
the cautious seldom err....C
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