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Trading Made Simple

  • #67,801
  • Mar 31, 2016 5:44pm Mar 31, 2016 5:44pm
Quoting bill992
Since we are on the subject, anyone here trading from Romania?
That would be me Bucharest as a matter of fact.
  • #67,802
  • Mar 31, 2016 6:51pm Mar 31, 2016 6:51pm
Quoting catalin_eros
{quote} The question was in this post. And here is my second question: why in this post your ME/ME entries were on a distance less than 0,5 x 100 D1 ADR between each other? 0,5 would have been 65 pips, but the distance on the last three trades is way smaller. Do you have other entry methods that you are keeping secret? And here is the third question of the day: on GU ME/ME trade, did you take...

I have exactly the same question. But due to the turmoil yesterday, pls don't mind me reposting the question here.

Emmanuel, is it based on some harmonic? You are bullish only because of the TDI daily cross? Wasn't that against the daily trend and weekly candles?

I thought you said a while ago this.. Contradictory isn't it?

Quoting emmanuel7788
{quote} Hi mkfx, You do not trade ME/ME based on TDI cross on Day chart. That will not work. You trade ME/ME by following then market dominant trend.
  • #67,803
  • Mar 31, 2016 7:33pm Mar 31, 2016 7:33pm
Quoting unigeni1
{quote} I have exactly the same question. But due to the turmoil yesterday, pls don't mind me reposting the question here. Emmanuel, is it based on some harmonic? You are bullish only because of the TDI daily cross? Wasn't that against the daily trend and weekly candles? I thought you said a while ago this.. Contradictory isn't it? {quote}

which particular post are you referring to?
please quote my post and I can quickly go back and look at only my post.

and there is no harmonic involve in TMS 5-Method trading which is Price Action based with price momentum seen using the TDI or moving average of the RSI aka Fozzy-RSI.

thanks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,804
  • Mar 31, 2016 7:47pm Mar 31, 2016 7:47pm
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...

If you refer to that AUDJPY post, please use that post chart and write your questions on that chart and pointing to the candles 1,2,3, etc.
I don't have time to look into my trading journal and try answer your questions. It is like you are doing back testing and asking the questions in back-testing scenarios.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,805
  • Mar 31, 2016 7:49pm Mar 31, 2016 7:49pm
Quoting unigeni1
{quote} Just coded an indicator for popgun setup. I am a computer science student so it is easy for me. Take a backtest and decide for yourself if it is profitable. {file}

Nice work.
Thanks for sharing this.

Do you have time and would like some programming work which can help the TMS community here?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,806
  • Mar 31, 2016 7:56pm Mar 31, 2016 7:56pm
Quoting unigeni1
{quote} Not related to any of the conflict between you and emmanuel. can you show your mt account statement as well? Im just curious are the day traders on the M30 thread more profitable or the me/me traders? if you read the last post by phx62 on this thread, he stopped posting after emmanuel said to him that the trades cannot be reproduced by the cavemanager setting. After that, emmanuel keeps suggesting that it's the cavemanager setting that made him realize phx62's trades are fake. i don't know what happened between them but it does seems strange....

Just want to make this clear. I am not recruiting traders here in Forex factory. I just want to facilitate those who wants to trade together to form small groups in their own locations and trading hours.
There is already a group of active TMS traders and we go long way, as far back as 2011 from the X-Man S3 and LE1 M15 thread days.

The other questions I will reply you using PM separately.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,807
  • Mar 31, 2016 8:04pm Mar 31, 2016 8:04pm
Quoting Tekkies
{quote} Thanks Emm pushing the limit here if possible join a group that use TMS skip the pro got no forex gold to pay members fee and if he works on % of profit then my membership fee will be gratis

No worries there is no money involved and you don't have to pay anyone any money.
There is a trading community in SA and some good traders there too. I know traders here also have their other families members living in SA.
You just need to know them and build up people relationship in that community. You never have to trade alone.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,808
  • Mar 31, 2016 8:06pm Mar 31, 2016 8:06pm
Quoting bill992
Since we are on the subject, anyone here trading from Romania?
Quoting bsbmitza
{quote} That would be me Bucharest as a matter of fact.

Bucharest, I have not been there. Missed one opportunity to go there way back in 2006. It would be nice to visit one day.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,809
  • Mar 31, 2016 8:25pm Mar 31, 2016 8:25pm
Quoting catalin_eros
{quote} The question was in this post. And here is my second question: why in this post your ME/ME entries were on a distance less than 0,5 x 100 D1 ADR between each other? 0,5 would have been 65 pips, but the distance on the last three trades is way smaller. Do you have other entry methods that you are keeping secret? And here is the third question of the day: on GU ME/ME trade, did you take...

For GBPUSD, you need to go back to these posts and follow them as I updated on weekly basis.

http://www.forexfactory.com/showthre...60#post8758060

http://www.forexfactory.com/showthre...65#post8795565

http://www.forexfactory.com/showthre...78#post8825278

http://www.forexfactory.com/showthre...78#post8841778

market is dynamic, we follow day-by-day and update as we see how it develops every new day, every new week, every new month.... today is a new month and its Friday.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,810
  • Mar 31, 2016 9:21pm Mar 31, 2016 9:21pm
EURUSD New Month April 2016

I like what I see in the March MN candle close.

What shall we do for April new month trading?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD March closed.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,811
  • Mar 31, 2016 9:39pm Mar 31, 2016 9:39pm
Hello TMS friends:

I'm working on a trading plan for TMS, and I want to incorporate THV CaveManager EA to manage some of my trades.

I have studied THV CaveManager EA v1.41.pdf and CaveManager setting for hsn.pdf (Emmanuel posted on Post#56,308 ), but can't figure out to do exactly what I need. I was able to achieve part of it, but not all of it.

I would really appreciate any help configuring CaveManager to do the following:

(2 Exits)

When price reaches 30pips, THEN move SL to BE +2, AND Exit 50% of position, THEN Trail SL 3pips from high/low of the 3rd candle back, for remaining of position.

Thank you
  • #67,812
  • Apr 1, 2016 1:28am Apr 1, 2016 1:28am
Waiting for London open, banked 500 pips tonight
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 42 KB
  • #67,813
  • Apr 1, 2016 1:39am Apr 1, 2016 1:39am
Quoting Valentinik87
Waiting for London open, banked 500 pips tonight {image}

MERCY!!!!
  • #67,814
  • Apr 1, 2016 1:40am Apr 1, 2016 1:40am
Quoting emmanuel7788
EURUSD New Month April 2016 I like what I see in the March MN candle close. What shall we do for April new month trading? {image}
We start building long positions on pullbacks. Get better entry prices on lower time frame TDI setups.

Not sure how to respond to a pullback back into the 11 month range.

If trading H4, do we use last h4 swing low (which is also the the last D swing low) at 1.1160 or bottom of H-L range at 1.0450?
  • #67,815
  • Apr 1, 2016 1:57am Apr 1, 2016 1:57am
Quoting emmanuel7788
EURUSD New Month April 2016 I like what I see in the March MN candle close. What shall we do for April new month trading? {image}
BUY trend for me. is it correct?
  • #67,816
  • Apr 1, 2016 2:07am Apr 1, 2016 2:07am
London just open, Tokyo will close in 2 hours. Beware of fakey!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,817
  • Apr 1, 2016 2:11am Apr 1, 2016 2:11am
Quoting JosephXiX
Hello TMS friends: I'm working on a trading plan for TMS, and I want to incorporate THV CaveManager EA to manage some of my trades. I have studied THV CaveManager EA v1.41.pdf and CaveManager setting for hsn.pdf (Emmanuel posted on Post#56,308 ), but can't figure out to do exactly what I need. I was able to achieve part of it, but not all of it. I would really appreciate any help configuring CaveManager to do the following: (2 Exits) When price reaches 30pips, THEN move...
TP1 50% exit at 30pips from EP, move to BE+2 ... no problem.

which trading chart timeframe and which currency pairs?
any particular trading hours/session?

what are your reason(s) you want to use Trailing_By_3Candles HL?
current default is only by the last candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,818
  • Apr 1, 2016 2:12am Apr 1, 2016 2:12am
Quoting Valentinik87
Waiting for London open, banked 500 pips tonight {image}

good trade ..
you mean 500 pipettes = 50pips.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,819
  • Apr 1, 2016 2:19am Apr 1, 2016 2:19am
Quoting emmanuel7788
{quote} I see you missed the big part of that move but took the tail end of that trend. the average weekly range is about 408pips, you got 110pips...
Hi Emm,
i need your help, can you show me smartcutloss region on GBPCAD for now?
Joining The 10%
  • #67,820
  • Apr 1, 2016 2:40am Apr 1, 2016 2:40am
Quoting Axiom
{quote} We start building long positions on pullbacks. Get better entry prices on lower time frame TDI setups. Not sure how to respond to a pullback back into the 11 month range. If trading H4, do we use last h4 swing low (which is also the the last D swing low) at 1.1160 or bottom of H-L range at 1.0450?

Quoting leonlee0116
{quote} BUY trend for me. is it correct?

What we see today is that last MN close above that range high 1.1239. This will be one support and resistance level we need to keep our eyes on when we trade the lower TF from next week. There is no 100% guarantee that next month will be bullish so we shall be looking at it week by week.
The Day chart looks promising as the PA show volatility in the buy zone but with a few short term resistance seen to far left. We trade with the BRNs and RNs in our view.

4H swing trading will depend on what we see on our Weekly chart timeframe for either the trend or the trading bias. We can both buy and sell in the same week when market gets choppy and we target the 52-weeks average weekly trading range. This will suit Big E style of trading according to his Post#1. But one small twist is when we use the TDI with different settings (10,5,34,3,1,7) we do not use the TDI for exits. We must try and "let profit run" with a different exit strategy.

All these purely based on technical view now. We have to factor in what the market fundamentals and calendar events/data release next month. Brexit still hot topic and we keep watch on EURGBP too when we trade both EURUSD and GBPUSD.

More after this weekend Big Picture Plan. We let NY close today.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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