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Trading Made Simple

  • #67,601
  • Mar 30, 2016 2:04am Mar 30, 2016 2:04am
Quoting Valentinik87
{quote} i'm still inside, daily candle looks good,...let's see! {image}
I aimed for 60% of the 52 W1 ATR. I hope your trade goes way better than mine. Green pips to you!
  • #67,602
  • Mar 30, 2016 2:25am Mar 30, 2016 2:25am
Never thought that such a Profit factor and draw down is possible (for me).
Thank you very much Emmanuel and all others.
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  • #67,603
  • Mar 30, 2016 2:34am Mar 30, 2016 2:34am
Quoting zMinga
Never thought that such a Profit factor and draw down is possible (for me). Thank you very much Emmanuel and all others. {image}

well done!

whatever you did right to achieve this kind of results, you just remain focus and have to repeat the same .... with discipline.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,604
  • Mar 30, 2016 2:52am Mar 30, 2016 2:52am
Quoting emmanuel7788
{quote} I have only one trading style i.e. conservative in my money management strategy. I don't trade with risk 15% to 30% like Big E. I risk 1% to 2% maximum per position and never risk more than 10% when I trade multiple pairs concurrently. I had explained this before. The use of 0.5xADR(100) days as the order distance between trades is for those trading with small accounts and the minimum lot size is 0.01lot. For those trading with large accounts and use %risk per trade, you can use risk based to calculate your trade lot size. When you use this...
If it is not much trouble, may I see you GU ME/ME trade from yesterday, but on M15, with the H4 candles highlighted, please?
  • #67,605
  • Mar 30, 2016 3:01am Mar 30, 2016 3:01am
Quoting catalin_eros
{quote} If it is not much trouble, may I see you GU ME/ME trade from yesterday, but on M15, with the H4 candles highlighted, please?

here see below, no trouble at all but you are allowed only 3 questions per day... give others a chance to ask some questions.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,606
  • Mar 30, 2016 3:09am Mar 30, 2016 3:09am
Quoting emmanuel7788
{quote} here see below, no trouble at all but you are allowed only 3 questions per day... give others a chance to ask some questions. {image}
What is your suggestion when I place a order,and I follow TMS rule,but not in the right price,then price touch the SL.
Are you reenter the same direction and same price？Or something else
  • #67,607
  • Mar 30, 2016 3:09am Mar 30, 2016 3:09am
Quoting emmanuel7788
{quote} here see below, no trouble at all but you are allowed only 3 questions per day... give others a chance to ask some questions. {image}
Well, I've just gotten your PM, so I guess today is an exception, cause I get to ask an extra question.

Here it is:

In this chart, the trend was up, then we got a bullish WRB (let's refer to it as candle 1), then we got a bearish IB (candle 2). The next candle would be candle 3. What would your bias be on candle 3? In the picture your notes say that we should follow the last candle within the WRB. But you said in one of my PMs that we follow the trend with ME/ME in a WRB, and yet in this chart, candle 2 was bearish and trend was bullish. So the question remains: what is the bias for candle 3: bullish (based on the bullish trend before WRB) or bearish (based on candle 2)?
  • #67,608
  • Mar 30, 2016 3:22am Mar 30, 2016 3:22am
Quoting catalin_eros
{quote} Well, I've just gotten your PM, so I guess today is an exception, cause I get to ask an extra question. Here it is: In this chart, the trend was up, then we got a bullish WRB (let's refer to it as candle 1), then we got a bearish IB (candle 2). The next candle would be candle 3. What would your bias be on candle 3? In the picture your notes say that we should follow the last candle within the WRB. But you said in one of my PMs that we follow the...

ok, this question I keep it for tomorrow otherwise tomorrow I may not have any questions to answer and post...
now you test your patience in waiting till tomorrow.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,609
  • Mar 30, 2016 3:23am Mar 30, 2016 3:23am
Quoting leescofield
{quote} What is your suggestion when I place a order,and I follow TMS rule,but not in the right price,then price touch the SL. Are you reenter the same direction and same price？Or something else

show me a chart with entry and SL, this way I will explain base on what I see...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,610
  • Mar 30, 2016 3:24am Mar 30, 2016 3:24am
Hi folks

Really really need advice
This is my small small tiny trading account.
Due to a rain storm lost night lost internet access from the X mark to the check mark
Have placed sell order on red lines
How do a trader get out of this with minus loss

1. Close all trades, cry and start over again
2. Counter trade a with buy orders
3 Do the "recovery zone" thing

google:About 64 800 results (0,45 seconds)

forexfactory.com search (28 page hit)

4. Analyze chart

TDI and Stroch is in OB

MACD show up

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  • #67,611
  • Mar 30, 2016 3:32am Mar 30, 2016 3:32am
Quoting Tekkies
Hi folks Really really need advice This is my small small tiny trading account. Due to a rain storm lost night lost internet access from the X mark to the check mark Have placed sell order on red lines How do a trader get out of this with minus loss 1. Close all trades, cry and start over again 2. Counter trade a with buy orders 3 Do the "recovery zone" thing google:About 64 800 results (0,45 seconds) forexfactory.com search (28 page hit) {image}
When do u decide to move your trade to break even to protected , Big E , Phx62 says many times that the trend moves on very good trade for 8 average APB candles, 1st positioned based on that should have been well protected way before ur internet gone off, second one , could have been placed with a stop, at least to get out on breakeven on both position, 1st with a profit, 2nd with a loss , unless u have another idea based on MM which I dont know about
I Have Learned to Take Some Losses to Make Profits
  • #67,612
  • Mar 30, 2016 3:36am Mar 30, 2016 3:36am
Quoting emmanuel7788
{quote} show me a chart with entry and SL, this way I will explain base on what I see...
I sold at 161.722 then I use the EA when got 20pips then move to the breakeven.
and the price rebounce.
In this situation,what's your suggestion
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Attached Images
  • #67,613
  • Mar 30, 2016 3:41am Mar 30, 2016 3:41am
Quoting Tekkies
Hi folks Really really need advice This is my small small tiny trading account. Due to a rain storm lost night lost internet access from the X mark to the check mark Have placed sell order on red lines How do a trader get out of this with minus loss 1. Close all trades, cry and start over again 2. Counter trade a with buy orders 3 Do the "recovery zone" thing google:About 64 800 results (0,45 seconds) forexfactory.com search (28 page hit) 4. Analyze chart TDI and Stroch is in OB MACD show up {image}

use the average entry price of 2 trades entries ...

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,614
  • Mar 30, 2016 3:49am Mar 30, 2016 3:49am
Quoting TheScorpS
{quote} When do u decide to move your trade to break even to protected , Big E , Phx62 says many times that the trend moves on very good trade for 8 average APB candles, 1st positioned based on that should have been well protected way before ur internet gone off, second one , could have been placed with a stop, at least to get out on breakeven on both position, 1st with a profit, 2nd with a loss , unless u have another idea based on MM which I dont know about
Hi Scorp

Big E "I hate S/l trading."post 53
got sort of stuck
Only working with TDI crossover and is still learning about MM and out of mistakes

​Question is still what to do in a case where no intervention was possible
  • #67,615
  • Mar 30, 2016 3:52am Mar 30, 2016 3:52am
Quoting Tekkies
{quote} Hi Scorp Big E "I hate S/l trading."post 53 got sort of stuck Only working with TDI crossover and is still learning about MM and out of mistakes ​Question is still what to do in a case where no intervention was possible
Do you use S/L?
  • #67,616
  • Mar 30, 2016 3:54am Mar 30, 2016 3:54am
Quoting MoneyTalks58
Yesterday, I took this trade. I hope it is not coincidence. (PS: Demo) Edit: For today, GBPNZD short seems reasonable trade as I think. {image} {image}
This week started well. GN also hit my tp target.
  • #67,617
  • Mar 30, 2016 4:02am Mar 30, 2016 4:02am
Quoting emmanuel7788
{quote} use the average entry price of 2 trades entries ... {image}
Hi Emm

Your Question mark
I know MACD is not TMS
Because I am still learning the ropes and only use the TDI cross over MACD has stopped a lot of false signals
See red lines
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  • #67,618
  • Mar 30, 2016 4:02am Mar 30, 2016 4:02am
Quoting Tekkies
{quote} Hi Scorp Big E "I hate S/l trading."post 53 got sort of stuck Only working with TDI crossover and is still learning about MM and out of mistakes ​Question is still what to do in a case where no intervention was possible
Seems like some selective reading as this is the complete post.
I hate S/l trading. The safest way is to place your S/L at the last hi or low a couple of candles back... I've never had one taken out that way...
Never argue with a fool; onlookers may not be able to tell the difference.
  • #67,619
  • Mar 30, 2016 4:06am Mar 30, 2016 4:06am
When you guys tired of switch the charts you may use this.
http://www.forexfactory.com/showthread.php?t=303347
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Attached File(s)
File Type: ex4 TmsMonitor.ex4   15 KB | 352 downloads
File Type: ex4 Heiken Ashi.ex4   3 KB | 296 downloads
File Type: ex4 TDI Red Green.ex4   5 KB | 320 downloads
File Type: tpl tmsmonitor.tpl   77 KB | 347 downloads
  • #67,620
  • Mar 30, 2016 4:10am Mar 30, 2016 4:10am
Hey Emm,

What do you think of a possible short on GBPUSD developing?

You have divergence, head and shoulders pattern developing, TDI about to cross, pinbar on last H4 candle and previous resistance level. If the next candle closes bearish, possible short set up?

What's your opinion?

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