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Trading Made Simple

  • #67,661
  • Mar 30, 2016 9:52am Mar 30, 2016 9:52am
Quoting makron
Gold looks nice for some pips {image}
Here is my own thought on gold
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  • #67,662
  • Mar 30, 2016 10:00am Mar 30, 2016 10:00am
Quoting emmanuel7788
Hi Folks, Closing my 20-trading days cycle last night, I managed to be in the 5% group this month. My maximal drawdown increased slightly to 3.37% from last week 3.34%. Week 09 to 13 ( Mar 2 to 29) Winning trades : 231 Losing trades : 76 Total Win pips : 7,982 pips Average Win Pips : 34.3 pips Average Win Amount: $644.38 Average Lot Size : 2.01 std. Average duration of trade : 21Hour 6Mins {image} Last week's results: http://www.forexfactory.com/showthre...84#post8834884
Can you explain this because I am confused TY
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  • #67,663
  • Mar 30, 2016 10:36am Mar 30, 2016 10:36am
Quoting teslaYoung
{quote} Here is my own thought on gold {image}
Same too.
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  • #67,664
  • Mar 30, 2016 11:07am Mar 30, 2016 11:07am
Quoting josh11
{quote} Can you explain this because I am confused TY {image}

These two articles should explain the maximal drawdown statistics generated by MT4 accountung.

https://forum.mql4.com/31751
https://www.mql5.com/en/articles/1486
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,665
  • Mar 30, 2016 11:08am Mar 30, 2016 11:08am
Quoting lastingwell
{quote}Why did the maximal drawdown percentage increase this week when the maximal drawdown figure stayed exactly the same figure as last week?
These two articles should explain the maximal drawdown statistics generated by MT4 accountung.

https://forum.mql4.com/31751
https://www.mql5.com/en/articles/1486
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,666
  • Mar 30, 2016 11:11am Mar 30, 2016 11:11am
sad. got a sl
already reached daily resistance. I trade on H1 only
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  • #67,667
  • Mar 30, 2016 11:11am Mar 30, 2016 11:11am
Quoting makron
{quote} Oh, my eyes!

to read MAM account you need these OPM glasses.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,668
  • Mar 30, 2016 11:14am Mar 30, 2016 11:14am
Quoting makron
Gold looks nice for some pips {image}

too much market noise in the lower TF to trade Gold.
better trade it the way you would trade any stock or commodity using EOD on Day chart.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,669
  • Mar 30, 2016 11:41am Mar 30, 2016 11:41am
What do you guys think on NU?
H4
- reach trendline, the 4th times
- TDI almost cross down
- Stoch above 80

Then I switch to H1
- TDI crossed down
- Stoch above 80 and crossed

Then I enter the trade. If there anything I do wrong?
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  • #67,670
  • Mar 30, 2016 11:42am Mar 30, 2016 11:42am
Quoting SlamberGamer
{quote} hi emm.. i always wonder how u got so many entry in h4.. or are u playing low tf??? and i still remeber u said u want to show me reversal candle for apb.. haha

but I posted GBPUSD this week. did you read that post?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,671
  • Mar 30, 2016 11:44am Mar 30, 2016 11:44am
Quoting leonlee0116
What do you guys think on NU? H4 - reach trendline, the 4th times - TDI almost cross down - Stoch above 80 Then I switch to H1 - TDI crossed down - Stoch above 80 and crossed Then I enter the trade. If there anything I do wrong? {image}

very simple, you cannot sell on blue APB candles.

are you trying to pick tops to sell?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,672
  • Mar 30, 2016 11:47am Mar 30, 2016 11:47am
Quoting emmanuel7788
{quote} very simple, you cannot sell on blue APB candles. are you trying to pick tops to sell?
no but in H1 already show the setup. Thats where i confused, signal in H1, but not in H4
  • #67,673
  • Mar 30, 2016 11:50am Mar 30, 2016 11:50am
Quoting leonlee0116
{quote} no but in H1 already show the setup. Thats where i confused, signal in H1, but not in H4

H4, H1 and M15 all show consolidation.

read Post#647 and learn to question yourself what you see on your charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,674
  • Mar 30, 2016 12:01pm Mar 30, 2016 12:01pm
Quoting emmanuel7788
{quote} H4, H1 and M15 all show consolidation. read Post#647 and learn to question yourself what you see on your charts.
I read it. So that means, my entry is on H1, and all the setup ready, i have to confirm with the trend in H4 is it. I dun like to go any lower TF than H1
  • #67,675
  • Mar 30, 2016 2:39pm Mar 30, 2016 2:39pm
Maybe good opportunity for H1 traders (D1 BEOB + H4 IB break)
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  • #67,676
  • Mar 30, 2016 2:56pm Mar 30, 2016 2:56pm
Hello guys is a piece that I'm following this tread . I'm trying to read everything but are really a lot of pages . Today I took two stops GBP / USD H4 and EUR / JPY H4 . I enclose the graphics .
Can you please tell me if I entered correctly?

Thank you very much.

P.S. what are the couples to consider according to your experience ?
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  • #67,677
  • Mar 30, 2016 3:04pm Mar 30, 2016 3:04pm
Quoting leonlee0116
{quote} I read it. So that means, my entry is on H1, and all the setup ready, i have to confirm with the trend in H4 is it. I dun like to go any lower TF than H1
Leon, I think you missed what Emm mentioned.
You are selling on a BLUE APB. So your sell setup is not ready on H1. Give it a bit more time for TDI to actually cross and the APB to turn red.
And if higher TF H4 confirms the trend, you have a high probability trade.

Btw, on a side note it looks like your risk ratio is kind of off.
From visuals, it looks like you are setting up to lose more than what you would profit if you win. So not even 1:1.
Live life king size !
  • #67,678
  • Mar 30, 2016 3:57pm Mar 30, 2016 3:57pm
Quoting emmanuel7788
Hi Folks, Closing my 20-trading days cycle last night, I managed to be in the 5% group this month. My maximal drawdown increased slightly to 3.37% from last week 3.34%. Week 09 to 13 ( Mar 2 to 29) Winning trades : 231 Losing trades : 76 Total Win pips : 7,982 pips Average Win Pips : 34.3 pips Average Win Amount: $644.38 Average Lot Size : 2.01 std. Average duration of trade : 21Hour 6Mins {image} Last week's results: http://www.forexfactory.com/showthre...84#post8834884
Hi emmanuel,

Excuse my ignorance but i am very new to this thread (like 24 hours) but are the profits from this results sheet for you 20-day cycle all TMS profits?

Thanks,
Bill
  • #67,679
  • Mar 30, 2016 4:34pm Mar 30, 2016 4:34pm
Quoting emmanuel7788
{quote} EURAUD H1 trade to D1 {image}
Hi Emmanual,

In this post you refer to taking your H1 trade off before the NY open, can you mention why? Is this because the NY open has a tendency to go in the opposite direction?

How long should we generally be holding a H1 trade position for?
  • #67,680
  • Mar 30, 2016 6:34pm Mar 30, 2016 6:34pm
Quoting Jettin
{quote} Hi Emmanual, In this post you refer to taking your H1 trade off before the NY open, can you mention why? Is this because the NY open has a tendency to go in the opposite direction? How long should we generally be holding a H1 trade position for?

Hi Jettin,

I consider H1 as very short term day trading or intraday trading. These H1 trades should be open and closed within the same trading day and preferably open and closed withing 3 to 5 hours and avoid running trades into the next market session. We must always be caution when we hold trades during the overlap market hours of the London and the NY sessions. Even on days when the 'trend' runs from the London session into the NY session, the market will often pull back when London closing.

On the other hand, H4 trading which I consider as 4H swing trading, these trades can last 2 to 4 trading days in the same week. You can convert your H1 trades to 4H, and let them run rolll over to the next day. But when you do this, you need to change your trade management from H1 and H4.

For more information on H1 trading, you can read X-man thread here:
http://www.forexfactory.com/showthread.php?t=327972

I learn most of my TMS trading from X-Man but his thread was moved to the Commercial Content forum.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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