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Trading Made Simple

  • #67,821
  • Apr 1, 2016 2:41am Apr 1, 2016 2:41am
Quoting AcanaTrader
{quote} Hi Emm, i need your help, can you show me smartcutloss region on GBPCAD for now?

which chart timeframe? H4 or D1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,822
  • Apr 1, 2016 2:45am Apr 1, 2016 2:45am
Quoting emmanuel7788
{quote} which chart timeframe? H4 or D1.
im sorry, GBPCAD timeframe H4
Joining The 10%
  • #67,823
  • Apr 1, 2016 2:46am Apr 1, 2016 2:46am
Quoting AcanaTrader
{quote} im sorry, GBPCAD timeframe H4
you buy or sell?
how many open trades/positions
average entry price of all open trades/positions?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,824
  • Apr 1, 2016 2:49am Apr 1, 2016 2:49am
Quoting emmanuel7788
{quote} you buy or sell? how many open trades/positions average entry price of all open trades/positions?
im selling, i have two open trade,
see picture below, how i calculate this average entry price and hardstoploss is right?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADH4.png Size: 66 KB
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  • #67,825
  • Apr 1, 2016 3:14am Apr 1, 2016 3:14am
Quoting AcanaTrader
{quote} im selling, i have two open trade, see picture below, how i calculate this average entry price and hardstoploss is right? {image}

you are caught in a very late entry and if you can at best breakeven both trades and not wait for your TP.

the SMARTCutLoss region is 1.8872 to 1.8983 which is very close to your current hard SL.

20:20 vision trading, entry would have been on Monday open based on Weekly follow the weekly candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,826
  • Apr 1, 2016 3:22am Apr 1, 2016 3:22am
Quoting emmanuel7788
{quote} 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.
Hello, Emm!

Of course I do back-testing. Of course I look back at your charts, because I get to see things that I might have missed.

Here it is:
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week 13 D1 chart update Mar 30.png Size: 92 KB

And the question:

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)?

P.S.: After zooming in your pic, I noticed that that candle 2 is not an actual IB by the book, but I missed that wick that broke the high of the WRB, and I called it an IB. My bad! It doesn't change anything in the question, though.
  • #67,827
  • Apr 1, 2016 3:22am Apr 1, 2016 3:22am
Quoting emmanuel7788
{quote} you are caught in a very late entry and if you can at best breakeven both trades and not wait for your TP. the SMARTCutLoss region is 1.8872 to 1.8983 which is very close to your current hard SL. 20:20 vision trading, entry would have been on Monday open based on Weekly follow the weekly candle.
thanks alot Emm
Joining The 10%
  • #67,828
  • Apr 1, 2016 3:42am Apr 1, 2016 3:42am
Quoting AcanaTrader
{quote} im selling, i have two open trade, see picture below, how i calculate this average entry price and hardstoploss is right? {image}
You opend first sell in SR level - mistake
and second sell after pullback from SR and BUOB - rough mistake
Also D char formed pin off SR
I would out of this trade as fast as i can
  • #67,829
  • Apr 1, 2016 3:46am Apr 1, 2016 3:46am
Quoting makron
{quote} You opend first sell in SR level - mistake and second sell after pullback from SR and BUOB - rough mistake Also D char formed pin off SR I would out of this trade as fast as i can
nice, thanks for your correction
Joining The 10%
  • #67,830
  • Apr 1, 2016 3:52am Apr 1, 2016 3:52am
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}
Is it possible for you to add an alert function sound, info and mail?
  • #67,831
  • Apr 1, 2016 5:44am Apr 1, 2016 5:44am
Quoting emmanuel7788
{quote} 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.
didn't receive your PM. tho i think i know the answer to that question now.

Quoting emmanuel7788
{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.
i was asking about the bullish bias you had for GBPUSD since week 12 (or 13). Same question as catalin eros.

But no need i think i understand the answer now after your reply to him.
  • #67,832
  • Apr 1, 2016 5:58am Apr 1, 2016 5:58am
Quoting emmanuel7788
EURUSD Week 12 trading: This BPP attached should explain that question which I asked in this post#67,162. If you understand this BPP and trade plan, you can either make 200pips or 1000pips over the next 20 trading days.\ I can make 200 pips and still make more money than those who will make 1000pips. Do you want to make 1000pips? Ask if there is anything which you do not understand. Also GBPUSD has a D1 setup last week and you can also trade the pair instead. Please post...
definitely looking good for the 1st 200 pips..with 1.165 in focus..you're the man, Emm
the cautious seldom err....C
  • #67,833
  • Apr 1, 2016 6:00am Apr 1, 2016 6:00am
Quoting unigeni1
{quote} didn't receive your PM. tho i think i know the answer to that question now. {quote} i was asking about the bullish bias you had for GBPUSD since week 12 (or 13). Same question as catalin eros. But no need i think i understand the answer now after your reply to him.
Just be mindful of the brexit thing..perhaps trading other pairs might be less stressful
the cautious seldom err....C
  • #67,834
  • Apr 1, 2016 6:15am Apr 1, 2016 6:15am
Quoting pips29
{quote} definitely looking good for the 1st 200 pips..with 1.165 in focus..you're the man, Emm

Well, I made 295pips in weeks 12 and 13 just followed my BPP and trade plan.

Next week/month will be good for more pips and money...

For catalin eros, my trade entries and exits, below.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week 12 and 13 trades.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,835
  • Apr 1, 2016 6:16am Apr 1, 2016 6:16am
Quoting unigeni1
{quote} didn't receive your PM. tho i think i know the answer to that question now. {quote} i was asking about the bullish bias you had for GBPUSD since week 12 (or 13). Same question as catalin eros. But no need i think i understand the answer now after your reply to him.

sorry no PM yet. I only thought of writing this weekend.

but you need to know anyway...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,836
  • Apr 1, 2016 6:22am Apr 1, 2016 6:22am
Quoting emmanuel7788
{quote} Well, I made 295pips in weeks 12 and 13 just followed my BPP and trade plan. Next week/month will be good for more pips and money... For catalin eros, my trade entries and exits, below. {image}
yeah with your me/me...I was talking about a single entry as I am too lazy to learn anything new and especially when it takes 2 years to perfect....age is catching up man
the cautious seldom err....C
  • #67,837
  • Apr 1, 2016 6:27am Apr 1, 2016 6:27am
Quoting catalin_eros
{quote} Hello, Emm! Of course I do back-testing. Of course I look back at your charts, because I get to see things that I might have missed. Here it is: {image} And the question: 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,...

The dominant trend was down... look at MN chart.
before that D WRB, look at Weekly... there was a Double Inside Bar setup and the following week was the breakout candle.
When that D WRB candle appears, the trend was UP following the W1 double IB breakout.
That D1 WRB set the high low of the sideways market type but the trend is Up.
So that candle 3 you marked cannot be for sell bias because of that WRB low is support and candle 3 did not close below that WRB low.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,838
  • Apr 1, 2016 6:34am Apr 1, 2016 6:34am
Quoting pips29
{quote} yeah with your me/me...I was talking about a single entry as I am too lazy to learn anything new and especially when it takes 2 years to perfect....age is catching up man
I am 62, you can't be older than me.
The thing I learn being at my age is that I can no longer learn things by memorizing by heart.
I need to reason out everything so that I can etched that into my brain. This takes more time.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,839
  • Apr 1, 2016 6:55am Apr 1, 2016 6:55am
Quoting emmanuel7788
{quote} The dominant trend was down... look at MN chart. before that D WRB, look at Weekly... there was a Double Inside Bar setup and the following week was the breakout candle. When that D WRB candle appears, the trend was UP following the W1 double IB breakout. That D1 WRB set the high low of the sideways market type but the trend is Up. So that candle 3 you marked cannot be for sell bias because of that WRB low is support and candle 3 did not close below that WRB low.
One note, regarding your words: So that candle 3 you marked cannot be for sell bias because of that WRB low is support and candle 3 did not close below that WRB low.

I know we do not sell into the low of WRB, but we wait for a break, and in my question I meant the bias for candle 3 when it opened, so right after candle 2 closed. If that were the case, I would have been asking about candle 4, not 3.

Thanks, Emm!
  • #67,840
  • Apr 1, 2016 7:00am Apr 1, 2016 7:00am
Quoting emmanuel7788
{quote} Well, I made 295pips in weeks 12 and 13 just followed my BPP and trade plan. Next week/month will be good for more pips and money... For catalin eros, my trade entries and exits, below. {image}
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