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Trading Made Simple

  • #64,641
  • Jan 14, 2016 3:34am Jan 14, 2016 3:34am
Quoting TheScorpS
{quote} Took EA today before LO for + 50 pips {image}
Hi, Scorps!

Nice trading, as always! I hope you do not mind if I ask a question.

Regular divergence, TDI coming down from OB, BEEB, all good... BUT... you took a sell on a live candle and against the 10 EMA and the TL? Assuming that the candle was almost closing when you entered, you still went against the 10 EMA and TL. And I know the 10 EMA is very important to you (like the guppies are for me). May I ask what was the reason?

Thanks in advance for the reply!
  • #64,642
  • Jan 14, 2016 3:39am Jan 14, 2016 3:39am
Quoting Bushy
Yes, I'm starting to get the hang of this, this trade made up for my losses, just over break even for the week {image}
Very nice gains!
  • #64,643
  • Jan 14, 2016 3:43am Jan 14, 2016 3:43am
so this is my current conclusion how to trade ME/ME using TMS methods:
1)do BPP by find historical price from monthly,weekly and daily
2)Find a trend on HTF
3)match the HTF trend with LTF
4)entry using LTF as TMS 5 methods on any retracement like 4h,1h and 15m
Please correct me if iam wrong


Thank u guys
  • #64,644
  • Jan 14, 2016 4:04am Jan 14, 2016 4:04am
Quoting Goodolday
so this is my current conclusion how to trade ME/ME using TMS methods: 1)do BPP by find historical price from monthly,weekly and daily 2)Find a trend on HTF 3)match the HTF trend with LTF 4)entry using LTF as TMS 5 methods on any retracement like 4h,1h and 15m Please correct me if iam wrong Thank u guys
Sounds about right, although when you enter, and your are trading me.me, you build positions as price goes against you and you build up a position in the market... and if it goes immediatley in your favour, you book profits every 50 pips, and enter another position.
It's in fear when people show what they truly value.
  • #64,645
  • Jan 14, 2016 5:21am Jan 14, 2016 5:21am
Quoting tibovwh
{quote} But your S/L is the same for your small position building lots as it is for a full right tho isn't it (in pips)? Only in $'s it doesn't hurt so much for the small lots but once you built a full position is exactly the same? So if you got a 200 pips S/L and take profit 100 pips above your average entry then your pips gained is really only 100 because 400 skews the R/R badly I think? Best,
Hi tibovwh,

lets say for a good long position when we close above the first entry we get 1:1 r/r no matter how many trades we have open. when price move deeper in retracement our average price gets better, rewarding us with what ever market want to give.

most of the time when i enter the market, price start to retrace back, some time it could be two to three waves retracement but we do not know how far price will move. would you have let price move more than 50 or 100 pips in a normal risk position, maybe even 200 pips in retracement with normal position? no i would not like that, when im trading for 50pips or 100pips limit. so we close trade or move the SL closer. so we cut lost for -25 - -50 pips in that one normal risk position.

with ME/ME any time price retrace on us we see opportunities to build positions the further it retrace the better, because our SL from first entry is already at swing low/high which is hard to hit if we are trending. with a 200+ pips SL, building the positions with 5+ trades and the trend in our favor, we can expect a better win rate.

this is the conservative way of trading, with a 80%+ high win rate. If we compare ME/ME with an excellent scalper that have a high $ per pips trading from start with same balance, yes the scalper get more $ per pips but our chance of a win trade are always higher and it is consistent. i know i'm not an excellent scalper, i cant be on my computer all the time watching for setups on LTF. this is why i like it and working to improve my trading with it.

regards,
Meihk
  • #64,646
  • Edited 6:39am Jan 14, 2016 6:23am | Edited 6:39am
Quoting tibovwh
Someone asked how to create GIF's. Here is something you could use. GIF's would be really nice to show how the trades actually went. Be nice if we used this more, no? Best,
In MT4, you can just go to File Save As Picture.
  • #64,647
  • Jan 14, 2016 6:26am Jan 14, 2016 6:26am
GN, H1, long, 100 pips gained.
I was initially aiming for a scalping trade, but then decided to let it ride. I got aggressive and entered one candle before the TDI cross, based on the guppies direction and PA being rejected from the guppies, S and inner TL, and APB close above the PAC.
Attached Image (click to enlarge)
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  • #64,648
  • Jan 14, 2016 7:25am Jan 14, 2016 7:25am
long time lurker here with a few questions that bring me out of the shadows. how many folks here are still using HA candles, as originally suggested by the Big E? i like the information they reveal but for the life of me, i can't figure out how and when to make the transition to regular candles to actually trade with and how to interpret them given what the HAs say. can someone shed some light?

also, i believe i read somewhere in the thread that the way to trade today's PA is by simply looking at the color of the most recently closed HA candle. if it's green, long is the call; if red, the other way. is this how ya'll are still doing it? so, if yesterday's daily candle is green, then look at maybe the 4h candle to trade today but only in the long direction. that about right?

i have a few other questions, but i'll hold off on em for the moment.

thanks!
  • #64,649
  • Jan 14, 2016 7:29am Jan 14, 2016 7:29am
Quoting catalin_eros
GN, H1, long, 100 pips gained. I was initially aiming for a scalping trade, but then decided to let it ride. I got aggressive and entered one candle before the TDI cross, based on the guppies direction and PA being rejected from the guppies, S and inner TL, and APB close above the PAC. {image}
Really nice one .. and all neccessary priceaction excellent documented without cluttering the charts ..
Nice one --
Guido
Risiko birgt immer auch die Chance.
  • #64,650
  • Jan 14, 2016 10:52am Jan 14, 2016 10:52am
Quoting emmanuel7788
ME/ME example AUDUSD shown on M15 using M15 TDI cross to add trades to the initial trade open on D1 chart. {image} Total 3 open trades to build one position in the market. I have 3 open trades with an average entry price and the market is in my favour. What shall I do now? 2 trades are in profit, while the 3rd one still floating loss. the overall average is profitable if I close all now.
Hi Emmanuel

May I ask, How do you manage these positions, where is the SL?
Thank you
Enter Signature
  • #64,651
  • Jan 14, 2016 11:20am Jan 14, 2016 11:20am
Quoting Sesamstrasse
{quote} Really nice one .. and all neccessary priceaction excellent documented without cluttering the charts .. Nice one -- Guido
Thanks, buddy!

It was a risky trade, not a "by the TMS rules" trade, but as I explained, I only wanted to scalp it. Then I changed my mind after seeing all those elements in favour of bullish movement, plus ABCD, and that's how I got my 100 pips.

Looking forward to seeing you in action at the beginning of February!
  • #64,652
  • Jan 14, 2016 12:33pm Jan 14, 2016 12:33pm
Quoting Katfx
{quote} Hi Emmanuel May I ask, How do you manage these positions, where is the SL? Thank you

Hi,

initial SL is using 2-bars look back on the weekly chart.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,653
  • Jan 14, 2016 12:48pm Jan 14, 2016 12:48pm
Quoting Javforex
{quote} Wait for entry #1 to breakeven and close all trades, and start a new basket? Then again, how do you decide where the closing point? Some of your examples are at Breakeven, some are slight loss to the entry #1 (overall still profit with average price), and some went above Breakeven, as in the case of your recent GBPCAD. How do you decide where to close?

Hi,

technically, I look at the Day price bar/candle and make decision. look at the the price bars for upper and lower wicks, these are sign of losing momentum.
when market start to range sideways, better to take whatever profits the market gave you,

the other thing I also look at my trade statistics for each currency pair. like the average pips per trade, average $ per trade, average trade duration, consecutive wins, consecutive losses, etc. these are my system key performance indicators KPI which I want to maintain and improve, therefore when I decide to close trades or a basket, I want to maintain and better the those KPI.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,654
  • Jan 14, 2016 1:11pm Jan 14, 2016 1:11pm
Quoting mousteven
{quote} Dear Emmanuel: Always felt so good when I'm trading the same pair with you using ME/ME which means my hindsight is improving. However, last night I entered SELL too early on GBPAUD and GBPNZD , I thought they would closed below 10 ema on D chart, but the candle retraced and closed above it, now i'm panic but anyway I still think for long term they will be in consolidation. Because there was a MC candle formed on prev. WK chart. And I still have some questions which I PM you two days ago, perhaps you were very busy and accidentally skipped...
Hi,

to answer your questions:

1.
keep a separate charts for planning and for trading. my trading chart is a clean one just the price bars and APB and one TDI and also my trade manager tools running.
but on your planning chart, you can have all the lines and objects you want to use but when they get too cluttered up and hinders your view, you simply clean up till you see only what you need.

2.
most important is know the market type for every currency pair you want to trade. I trade only the trending market type and the sideways wide range market type.
stay away from narrow range sideways market type. your trading will get stuck here. makr efficient use of your money.
also listen to world economic events and what happens in the big economies and their currency.
know what moves the currency market and the market sentiments after the fundamentals and technicals.
I use the average weekly range for the past 52-weeks not 100 weeks.
for average daily range, use 100 days.

3.
yes, I keep my 4H swing trading and D position trading in different accounts and also with different brokers MT4 and non-MT4 platforms.
with years of trading experience, you will not have problem to manage your trading when you can be selling 4H swing in one week while holding to buy positions in longer term position trading in that same week. You view should be your trading account and not so much the actual buy or sell trades, hence you manage each trading account differently in short term and long term.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,655
  • Jan 14, 2016 1:18pm Jan 14, 2016 1:18pm
Quoting floydd
long time lurker here with a few questions that bring me out of the shadows. how many folks here are still using HA candles, as originally suggested by the Big E? i like the information they reveal but for the life of me, i can't figure out how and when to make the transition to regular candles to actually trade with and how to interpret them given what the HAs say. can someone shed some light? also, i believe i read somewhere in the thread that the way to trade today's PA is by simply looking at the color of the most recently closed HA candle....

Hi,

I use both the real price bar and the APB/HA.
The APB/HA has its good use in the Synergy trading model. I look at he APB/HA candle body size and its relation to the upper/lower wick. Read the basic here:
Synergy BASICs : Post#5,695 in X-Man S3 thread for H1 and H4 trading

also this http://www.forexfactory.com/showthre...68#post6649768

For price action trade decision, I look at the price bar patterns. For example when the APB/HA show a small candle body which can be first sign of a potential phase change, I will look closely at the price bars. More often than not, the price bars and the patterns will tell the real story not the APB/HA.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,656
  • Jan 14, 2016 1:27pm Jan 14, 2016 1:27pm
Is that really simple?
I am on the search for a good strategy with not so much screen time. I read about this first in the german forum, but here are much much more detailed information.
So much, that i am totally get lose the point, that are the basics. A few post above i have a good post with links i will discover.
But i have also real questions. Yes it will come a bit unsorted.

What is the realistic time i can learn this, if i give after works my best to understand?
What are the times i must trade in germany, what time i must check 1H and every h4?
Can i set the candles to my country time in MT4?
Is someone who is native german and active here?
How many trades are realistic in one month?
Why is this the best strategy you say?

I will give really a try. I have in the last time looking in many corners to find something that will help. From dashboards over scalping strategy.
I am not the totally newbie, who can not set up MT4, but i am new if it goes to something to learn a strategy from start up.
Is this thread also for absolute newbies with absolute basic questions?
I think the key is the teaching and listening. I am motivated to spend much time to get in here.

Hope this was all i want to ask.

So have a nice evening (here in germany).

Greets

Michael
Perfection is the enemy of good enough!
  • #64,657
  • Jan 14, 2016 1:53pm Jan 14, 2016 1:53pm
Hello!

I know two German guys who are trading TMS: Sesamstrasse, who is trading H4 and D1, and Deichkind, who is trading TMS on D1. Both very nice and helpful. Try hitting them with a PM, if you like. But they probably won't be able to provide with the answers you are looking for, because the number of trades depends on the number of pairs you trade, on the timeframe you trade, on the time you spend in front of the PC...

This system takes some people months to learn it, some years, so everyone is different. Just try it, post your charts, and you will get comments and answers regarding your trades, I have no doubt about it.

No one said it is the best system, but it can be the best for you, as it has been for others. Or it can just be a good system. Or it can be a system that makes you enough pips to be pleased with trading.

Take care!
  • #64,658
  • Jan 14, 2016 7:34pm Jan 14, 2016 7:34pm
Is is amazing that the pair I pick to do Big picture planning does nothing for a week and is ranging, this is the time where you want to avoid trading swing trading.
Attached Image (click to enlarge)
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Hopefully the next pair I pick will do better and I am still trying to get hang of the swing trading and position trading.
It's in fear when people show what they truly value.
  • #64,659
  • Edited 9:07pm Jan 14, 2016 7:42pm | Edited 9:07pm
Quoting emmanuel7788
{quote} Hi, initial SL is using 2-bars look back on the weekly chart. regards,
Hi Emmanuel,

Was it your AusUsd BPP plan in the below chart? (refer to your chart on 14th. Jan)
http://www.forexfactory.com/attachme...3&d=1452726814
It was impossible to look at daily or weekly chart for the targets(not enough data so I had to look at monthly). Correct?
So your targets should be(approx.) TP1 0.69000 & TP2 0.68000?

When you are using 2bars look back for daily chart and 2bars look back for weekly chart?

Thank you for your time and kindly teaching us. Hope one day I can do the same.

Best regards,
Attached Image (click to enlarge)
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  • #64,660
  • Edited 8:12pm Jan 14, 2016 8:02pm | Edited 8:12pm
Hey traders,

I'm sorry if I do miss any of your replies to my posts, sometimes the thread gets a bit hectic and I lose my way. Best to PM me if you have a specific question. And thanks to Emmanuel for answering the questions which we sometimes miss

Let's try and keep the topic and charts TMS. That way it will make it easier us and newcomers to sift through the info.

Here's another small TMS trade I took just then on EURAUD (I don't usually trade the Asian session but this was a setup I couldn't miss).
TDI angle was nice and steep +50 pips at 0.20 just over $100 gain which is two tanks of gas for me. Or one-hundred Snickers bars! Easy game!
(Example below is an animated GIF if you click on the pic).
Attached Image (click to enlarge)
Click to Enlarge Name: GIF 2.gif Size: 77 KB
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