Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Trading Made Simple the right way, and other trading lessons 324 replies

Moutek made me go wrong or i have made mistake in analysis? 8 replies

A possible trading method to be made? 22 replies

Biggest shift you had to made in trading fx vs stocks? 14 replies

I'm tired of reading "I'd have made more but I made mistakes." 16 replies

Attachments: Trading made possible with EsikeA+++
Exit Attachments

Trading made possible with EsikeA+++

Quoting Go5
{quote} Thanks, I saw the DMI on H1 but there was the TL break - so you don't use that bit?
Please, take your H1 - DMI very important, it's the key/cover for your winning trades. If your H1 (DMI) is not ok, don't take that trade.



Happy trading,
Yomi.
Be Dumb and Follow Price
Quoting Go5
{quote} Thanks, I saw the DMI on H1 but there was the TL break - so you don't use that bit?
Yes, I use the TL break, but the H1 (DMI) supersede any breakout/breakdown at the TL.




Happy trading,
Yomi.
Be Dumb and Follow Price
Quoting fxrabbi
{quote} Yes, I use the TL break, but the H1 (DMI) supersede any breakout/breakdown at the TL. Happy trading, Yomi.
Ok, got it.

Talking about TL, a quote from #293:
============
"Trading Ideas for Trendline:
I will determine how I enter trade with trendline based on momentum.

i.) If I feel we have great momentum I will enter on break of the trendline.

ii.) If low momentum, I will enter on close. {?}

iii.) If it's a trade I just don't like I'll wait for a pullback and then see if it has gained momentum.

Above all, watch-out for where 5ema appear on the candle that break the trendline, that is where the edge is."
============

Would you mind explaining point ii,
Thanks again
good afternoon FXrabbi,

my trade today...
EURUSD +32.4
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 167 KB
Quoting festjid
good afternoon FXrabbi, my trade today... EURUSD +32.4 {image}

Nice to see your trade here, Brother.

This is my takes on your 3 trades:


Trade 1:

You have no business to takes this trade because your H1 (DMI) is not even giving short/sell direction as at the time you took that trade.


Trade 2:

That trade has no trigger but, it's ok, and that should have given you, your minimum 15pips.


Trade 3:

Please read our trading rule No. 2 very well. You don't need that trade again, even if you want more pips, the next trigger should have been your perfect entry.




Happy trading,
Yomi.
Be Dumb and Follow Price
Quoting Go5
{quote} Ok, got it. Talking about TL, a quote from #293: ============ "Trading Ideas for Trendline: I will determine how I enter trade with trendline based on momentum. i.) If I feel we have great momentum I will enter on break of the trendline. ii.) If low momentum, I will enter on close. {?} iii.) If it's a trade I just don't like I'll wait for a pullback and then see if it has gained momentum. Above all, watch-out for where 5ema appear on the candle that break the trendline, that is where the edge is." ============ Would you mind explaining point...

Please see the attached chart for better understanding, if you are still not clear, please let me know.




Happy trading,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: TL01.png Size: 57 KB
Be Dumb and Follow Price
Quoting fxrabbi
{quote} Please see the attached chart for better understanding, if you are still not clear, please let me know. Happy trading, Yomi. {image}
Thanks Yomi, I think I now see what you meant in that post - entering either direct when crossing the TL or at the close of the candle that crosses (i & ii);
The example you just posted however seems to be a 3rd option - waiting one more candle.
Absolute Strength Histogram and Price to Open indicators repaint like crazy!
Has anyone nonrepainting versions?
Quoting Go5
{quote} Thanks Yomi, I think I now see what you meant in that post - entering either direct when crossing the TL or at the close of the candle that crosses (i & ii); The example you just posted however seems to be a 3rd option - waiting one more candle.

Type 1:

I will enter at the candle that break the TL.


Type 2:

I will enter at the close of that candle that break the TL (that is the next candle after the close).


Type 3:

I will wait for the candle to close above/below the TL and also await for it to do some retracement/pullback, and then get/see a trigger toward the main/original trend and enter.


NB: the example I gave in post 746 is type 2.



Hope this helps,
Yomi.

Quoting Go5
{quote} Thanks Yomi, I think I now see what you meant in that post - entering either direct when crossing the TL or at the close of the candle that crosses (i & ii); The example you just posted however seems to be a 3rd option - waiting one more candle.

This is Type 3:
Attached Image (click to enlarge)
Click to Enlarge Name: EsikeTL01.png Size: 13 KB
Be Dumb and Follow Price
Quoting fxrabbi
{quote} Type 1: I will enter at the candle that break the TL. Type 2: I will enter at the close of that candle that break the TL (that is the next candle after the close). Type 3: I will wait for the candle to close above/below the TL and also await for it to do some retracement/pullback, and then get/see a trigger toward the main/original trend and enter. NB: the example I gave in post 746 is type 2. Hope this helps, Yomi. {quote} This is Type 3: {image}
Thanks, that has helped!
Amazing, btw, how much sitting on your hands is required for that one good setup....
SYSTEM UPDATE:


This is a one chart trading method NOW. A complete stand alone system on any timeframe, this make it easier to make correct decisions.

So, I prefer only M15 TF, and I strongly recommend M15 TF, but it will work on any TF.


GBPUSD (M15) +15pips.


Trade Idea:

1. Price below the 2 MA's - note the position of the MA's (72/24), very important.
2. Price break the TL.
3. DMI - note how the ADX break ADXr up, inside the DMI's.
4. TrendMirror - ok.
5. MACD - ok.
6. Strength meter - weaker GBP.
7. 10ema dashboard - ok.
8. Ichimoku - ok.



Happy trading,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 54 KB
Be Dumb and Follow Price
Quoting fxrabbi
SYSTEM UPDATE: This is a one chart trading method NOW. A complete stand alone system on any timeframe, this make it easier to make correct decisions. So, I prefer only M15 TF, and I strongly recommend M15 TF, but it will work on any TF. GBPUSD (M15) +15pips. Trade Idea: 1. Price below the 2 MA's - note the position of the MA's, very important. 2. Price break the TL. 3. DMI - note how the ADX break ADXr up, inside the DMI's. 4. TrendMirror - ok. 5. MACD - ok. 6. Strength meter - weaker GBP. 7. 10ema dashboard - ok. 8. Ichimoku - ok. Happy trading,...
Will the rules in post #1 still apply or will there be updates?
Quoting fxenthusiast
{quote} Will the rules in post #1 still apply or will there be updates?

There is update to post 1 already, please take a look.




Happy trading,
Yomi.
Be Dumb and Follow Price
Hi fxrabbi

A very good trading systems,Since I trade for many years. Thank you for sharing this You want to develop a system for a more simple and to the point. Safety together

with respect
Quoting kittinant
Hi fxrabbi A very good trading systems,Since I trade for many years. Thank you for sharing this You want to develop a system for a more simple and to the point. Safety together with respect


Thanks and you are welcome.




Happy trading,
Yomi.
Be Dumb and Follow Price
Quoting fxrabbi
SYSTEM UPDATE: This is a one chart trading method NOW. A complete stand alone system on any timeframe, this make it easier to make correct decisions. So, I prefer only M15 TF, and I strongly recommend M15 TF, but it will work on any TF. GBPUSD (M15) +15pips. Trade Idea: 1. Price below the 2 MA's - note the position of the MA's (72/24), very important. 2. Price break the TL. 3. DMI - note how the ADX break ADXr up, inside the DMI's. 4. TrendMirror - ok. 5. MACD - ok. 6. Strength meter - weaker GBP. 7. 10ema dashboard - ok. 8. Ichimoku - ok. Happy...
Dear Yomi,

Thanks a lot,
AllHappy
Quoting fxrabbi
{quote} There is update to post 1 already, please take a look. Happy trading, Yomi.
Tnx Yomi
Quoting allhappy
{quote} Dear Yomi, Thanks a lot, AllHappy
Be Dumb and Follow Price
Quoting fxenthusiast
{quote} Tnx Yomi
Be Dumb and Follow Price
GU +25.5
Happy pips!
Attached Image (click to enlarge)
Click to Enlarge Name: GU25.jpg Size: 85 KB
0 traders viewing now