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Trading Made Simple

  • #66,721
  • Mar 9, 2016 5:00am Mar 9, 2016 5:00am
Quoting emmanuel7788
{quote} both the EURCAD and USDCAD H4 setups are happening now. If you are not in this H4 candle, you will be sorry.
Emm, for a valid swing, we need to wait for a close under the 5, from what I remember reading in one of your older posts. it has to be either candle 4 or 5. Plus, the TDI hasn't crossed yet on UC. The EC is a trade which I have already taken it. But I see differences between the UC setup and EC setup. Can you share some lighting on this issue? If you only took UC based on PA (almost BEEB, doji at R, evening star, plus anticipation of HD), I'd understand. But I cannot see how it is a TMS 5 entry.
I am looking forward for your answer.
  • #66,722
  • Mar 9, 2016 5:02am Mar 9, 2016 5:02am
Quoting catalin_eros
{quote} Me too. My TP is 95 pips (60% of 52 W1 ATR, measured from the highest high of this week).


hmmm, interesting,
we have almost the same TP lol,

mine was atr [7] x 1.75 which is 100 pips


do you break even after a time? or take partial profits?
  • #66,723
  • Mar 9, 2016 5:05am Mar 9, 2016 5:05am
Quoting Lookleft
{quote} You are right. I was busy setting the other 2 trades and waited to see that price had broken the DOL which can act as S/R. If you look at my trades you will quite often see that I hold off my entry until price breaks a BRN, DOL or YH/YL or momentum is confirmed. Might be conservative but it can save a lot of grief

ah ok. thanks.
i had to go back to that list of acroynms to make sence of all that lol.


how does momentum get confirmed though?
  • #66,724
  • Mar 9, 2016 5:14am Mar 9, 2016 5:14am
Quoting kain775
{quote} ah ok. thanks. i had to go back to that list of acroynms to make sence of all that lol. how does momentum get confirmed though?
What size was the APB I entered on compared to the previous one and what was the red and green TDI lines doing ?
Read the synergy_pro manual or watch the videos and you'll learn how your tools work like any craftsman.
All the information is there you just need to learn how to use it.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #66,725
  • Mar 9, 2016 5:14am Mar 9, 2016 5:14am
Quoting kain775
{quote} speaking of setups, I just took a sell setup on EURCAD H4, The USDCAD H4 setup looks like it possibly might trigger on the next H4 bar if you're interested.
Hello kain775,

Thanks for sharing! I just took that trade you recommend.
  • #66,726
  • Mar 9, 2016 5:16am Mar 9, 2016 5:16am
HI new here great reading, have been following along and reading a lot of post trying to learn. Just put in a trade any thoughts? I work a lot and don't have much time to look at the charts except Asian session and I don't really like that.
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  • #66,727
  • Mar 9, 2016 5:16am Mar 9, 2016 5:16am
Quoting catalin_eros
{quote} Emm, for a valid swing, we need to wait for a close under the 5, from what I remember reading in one of your older posts. it has to be either candle 4 or 5. Plus, the TDI hasn't crossed yet on UC. The EC is a trade which I have already taken it. But I see differences between the UC setup and EC setup. Can you share some lighting on this issue? If you only took UC based on PA (almost BEEB, doji at R, evening star, plus anticipation of HD), I'd understand. But I cannot see how it is a TMS 5 entry. I am looking forward for your answer.

I don't understand what your are saying.

there are 2 bars reversal
there are 3 bars reversal
there are 5 bars reversal...

all depends on what the price bars OHLC look like and the APBs body size and colour change.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,728
  • Mar 9, 2016 5:20am Mar 9, 2016 5:20am
Quoting kain775
{quote} hmmm, interesting, we have almost the same TP lol, mine was atr [7] x 1.75 which is 100 pips do you break even after a time? or take partial profits?
I use the 2 D1 TS, and depending on what I see on the chart, I may move to BE. I do not have a habit of scaling out. I am more of a SE/SE trader. But I am also very flexible, and I always like to try new things. So if in the future I will find scaling out a better option, I'll do it. But not at the moment.
  • #66,729
  • Mar 9, 2016 5:22am Mar 9, 2016 5:22am
Quoting emmanuel7788
{quote} I don't understand what your are saying. there are 2 bars reversal there are 3 bars reversal there are 5 bars reversal... all depends on what the price bars OHLC look like and the APBs body size and colour change.
Dear Emmanuel, what do you think about the current Situation on Eur/Aud? Price broke the resistance. And I enter ed on the next candle,Made 35 Pips already. I think that it will Run to the next BRN.
Would be happy if you share youre thought about it.
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  • #66,730
  • Mar 9, 2016 5:26am Mar 9, 2016 5:26am
Quoting zake
{quote} To all the senior member on this thread, thank you so much for being awesome. I've been following this thread for 2 months now, been trading the TMS for 2 months and has been successful using Big E's method. Havent gotten to the ME/ME yet. So far I've been successful at 4hr TF, but only if I keep my TP small like 15-20 pips. I am an expert on PASR, still learning about it. However recently I found out that with TP of 15-20 pips, my losses could not cope with my profit. I am now eagerly learning about PASR. Read through everything in babypips,...

Hi zake,

No need to apologise for your level of English language skills and for asking 'stupid' questions.
Every question asked will be answered.

PASR=Price Action Support and Resistance
Start with this Post# 53,670

Take your time because there are plenty to read, study, practise and taking your own notes to make a proper trading manual.

For price action you have to use the Price Bar chart and place that in Foreground so that you can see the APB candles.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,731
  • Mar 9, 2016 5:29am Mar 9, 2016 5:29am
Quoting Mbt
{quote} Dear Emmanuel, what do you think about the current Situation on Eur/Aud? Price broke the resistance. And I enter ed on the next candle,Made 35 Pips already. I think that it will Run to the next BRN. Would be happy if you share youre thought about it. {image}

you can chase that if you want to but where is your SL?

I just close my last batch of trades and will not open new ones.


I look at other pairs now.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,732
  • Mar 9, 2016 5:46am Mar 9, 2016 5:46am
Quoting emmanuel7788
EUDAUD and GBPAUD Week 10 9 Mar If you are selling EA and GA today, your stop loss will be -yesterday's high using the high of the previous 2 days (2-days look back). This stop loss will always trail the average entry price of all your open trades. EA stop loss distance is 120pips GA stop loss distance is 150pips {image} {image}
Interesting Grid distance! Am I correct that this is not 0.5xADR(100)? If so, why did you choose different approach?

Regards,
  • #66,733
  • Mar 9, 2016 5:48am Mar 9, 2016 5:48am
Don't you just hate it when PA gets to 1 pip distance to your TP and then starts to retrace? I should have been aiming at only 59,9% of ATR. I closed it after I took the screenshot. 152 pips booked on this pair (EA).
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  • #66,734
  • Mar 9, 2016 5:54am Mar 9, 2016 5:54am
EURJPY D1

Started building a basket when market open on Sunday based on my planning.

Built up 3 lots and will not add another. If today closes below the MC of Monday IB I will close.

Anyone else that has been building in this pair? How are you managing this trade?



I have too much exposure to JPY unfortunatly. Carried over a basket of USDJPY from last week also which is now consolidating.
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  • #66,735
  • Mar 9, 2016 5:59am Mar 9, 2016 5:59am
Quoting tibovwh
{quote} Interesting Grid distance! Am I correct that this is not 0.5xADR(100)? If so, why did you choose different approach? Regards,

what grid?
those were stop loss from average entry price of open trades.
we talk about order distance between every ME trade using 0.5ADR 100 days for those trading with small account.

if you do not want to use that 0.5ADR (100) for the order distance, you can use the first method I mentioned before, i.e. to use M15 TDI cross to add ME trades and with a minimum time delay of 4-hours from the last order. This is to prevent too many orders within the same day.
Both these methods can be programmed into your EA trade manager. An experienced coder will know how to do this.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,736
  • Mar 9, 2016 6:04am Mar 9, 2016 6:04am
Quoting emmanuel7788
{quote} what grid? those were stop loss from average entry price of open trades. we talk about order distance between every ME trade using 0.5ADR 100 days for those trading with small account. if you do not want to use that 0.5ADR (100) for the order distance, you can use the first method I mentioned before, i.e. to use M15 TDI cross to add ME trades and with a minimum time delay of 4-hours from the last order. This is to prevent too many orders within the same day. Both these methods can be programmed into your EA trade manager. An experienced...
My point is that your entries were not spaced 0.5xADR apart. So I take it they were based on the 15M TDI Cross?
  • #66,737
  • Mar 9, 2016 6:06am Mar 9, 2016 6:06am
Quoting tibovwh
EURJPY D1 Started building a basket when market open on Sunday based on my planning. Built up 3 lots and will not add another. If today closes below the MC of Monday IB I will close. Anyone else that has been building in this pair? How are you managing this trade? I have too much exposure to JPY unfortunatly. Carried over a basket of USDJPY from last week also which is now consolidating. {image}
EJ:
I cannot see where your entries and where your average entry price.
I know you don't use MT4, but do you have a script to plot your trade entries in your platform?
If you have your average entry price level, and also a preset TP level, you can calculate the potential profits of your trades.

UJ:
yes , very disappointing after NFP. I did not trade this week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,738
  • Mar 9, 2016 6:24am Mar 9, 2016 6:24am
Quoting tibovwh
{quote} My point is that your entries were not spaced 0.5xADR apart. So I take it they were based on the 15M TDI Cross?

the market volatility is dynamic.
if you check the last 5 days and 10 days ADR, these are much smaller than ADR-100days.
so if you stick to use 0.5ADR100days, you won't get many ME order.

so as the trader, we have to make the discretionary decision not to use the static way.
using TDI M15 cross is my pereferred entry method for ME but your trading account must be able to handle the margin requirement.
this is where that Van Tharp pdf on money management report come in good use
read his topics on using Market's Money and "creative money management with the markets money".

last week and this week, I am trading with Market Money.
this should answer your PM questions.

where were you in 2013?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,739
  • Mar 9, 2016 6:26am Mar 9, 2016 6:26am
Quoting emmanuel7788
{quote} EJ: I cannot see where your entries and where your average entry price. I know you don't use MT4, but do you have a script to plot your trade entries in your platform? If you have your average entry price level, and also a preset TP level, you can calculate the potential profits of your trades. UJ: yes , very disappointing after NFP. I did not trade this week.
Yes, my platform has this but it is not good to show in a chart for a couple of reasons. I need to make this stuff more clear when I post a chart... Good feedback!

The price on the right is the AVG EP of my basket.
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  • #66,740
  • Edited 1:47pm Mar 9, 2016 6:34am | Edited 1:47pm
Quoting emmanuel7788
{quote} the market volatility is dynamic. if you check the last 5 days and 10 days ADR, these are much smaller than ADR-100days. so if you stick to use 0.5ADR100days, you won't get many ME order. so as the trader, we have to make the discretionary decision not to use the static way. using TDI M15 cross is my pereferred entry method for ME but your trading account must be able to handle the margin requirement. this is where that Van Tharp pdf on money management report come in good use read his topics on using Market's Money and "creative money management...
I have been thinking about the idea to use a weighted average of ADR(xxx) values with more weight to recent candles in my own system. But the problem of 0.5xADR not being reached in a strong trending market is still an issue.

I think I don't want to use the 15M TDI Cross. It will be too hard to program in my platform and I want something that is relatively "safe" while I am at work during the day. Maybe in time...

Van Tharp's pdf is on my to-do list together with a third read of his book about Financial Freedom. Every time I read it, it gets better. I doubt it will answer my PM question but I will have something to think about atleast


Best,
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