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Trading Made Simple

  • #68,501
  • Apr 19, 2016 8:51pm Apr 19, 2016 8:51pm
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...
Hi Emmanuel,

Just noticed this post.

when taking a m15 retracement from the H4, I am assuming we are taking the m15 retracements in the London/New York session and making sure there is no m15 master candle/WRB in place? please correct me if im wrong

also are the profit targets for these m15 trades based on the original H4 setup profit target
  • #68,502
  • Apr 19, 2016 10:24pm Apr 19, 2016 10:24pm
Quoting TheRock
{quote} Hey, thanks for the quick reply.​ To be honest, I'm struggling to think of a good exit strategy. I plan on using 1.5xATR on the H4 timeframe for my SL and TP. But I wanted move to BE after a certain percentage, e.g 80% of the move. Or should I just stick with 1.5ATR for SL and TP, and let it hit my stop if it goes against me.
So does anyone know how I might be able to move SL to BE after a certain amount of pips using CaveManager?​
  • #68,504
  • Apr 19, 2016 11:14pm Apr 19, 2016 11:14pm
Quoting leescofield
Hidden

Please do not post anything which has to do with Commercial sites such as CompassFx and Dean Malone.

Read Big E post:
http://www.forexfactory.com/showthre...31#post4572631

his wish is to keep this thread here in Trading Systems forum.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,505
  • Apr 19, 2016 11:20pm Apr 19, 2016 11:20pm
Quoting TheRock
{quote} Hey, thanks for the quick reply.​ To be honest, I'm struggling to think of a good exit strategy. I plan on using 1.5xATR on the H4 timeframe for my SL and TP. But I wanted move to BE after a certain percentage, e.g 80% of the move. Or should I just stick with 1.5ATR for SL and TP, and let it hit my stop if it goes against me.
Quoting TheRock
{quote} So does anyone know how I might be able to move SL to BE after a certain amount of pips using CaveManager?​
see attached.
Attached File(s)
File Type: pdf CM parameter TheRock.pdf   472 KB | 790 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,506
  • Apr 20, 2016 12:18am Apr 20, 2016 12:18am
Quoting kain775
{quote} Hi Emmanuel, Just noticed this post. when taking a m15 retracement from the H4, I am assuming we are taking the m15 retracements in the London/New York session and making sure there is no m15 master candle/WRB in place? please correct me if im wrong also are the profit targets for these m15 trades based on the original H4 setup profit target

Hi,

What that post mean is when we trade H4 and D1 charts, with ME/ME, we can use the M15 TDI cross as setups to make multiple entries. We do not wait for any specific market session to add ME trades. The decision to initiate a trade must be based on H4 or D1 trade setups with proper trade plan after we have done our Big Picture Plan.
Entry and Exit strategy including the target profits, etc. are based on the H4 or D1 chart trade plan and never in any lower time frame.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,507
  • Apr 20, 2016 12:22am Apr 20, 2016 12:22am
Quoting emmanuel7788
{quote} {quote} see attached. {image}
Cheers for that, Emm.​

I really appreciate it
  • #68,508
  • Apr 20, 2016 12:25am Apr 20, 2016 12:25am
Quoting pete.alfa
Good morning Emmanuel, I found this COT youtube very interesting. What do you think? Any good? His strategy for COT report is 3 green lights confirmation 1. candles formation 2. Trend line 3. MACD(we can change to TDI) https://youtu.be/CAQGN-OVHz4 Best regards,
Hi,

There are many traders using COT in the recent years.

I PM you with more information.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,509
  • Apr 20, 2016 12:27am Apr 20, 2016 12:27am
EURJPY short

Pinbar a few candles back after bullish move, price has closed below 124.000 on H4 timeframe. TDI cross, present candle could close below WRB, then I'll be looking for a short which also follows the long term trend.

All advice would be appreciated
  • #68,510
  • Apr 20, 2016 12:43am Apr 20, 2016 12:43am
Quoting TheRock
EURJPY short Pinbar a few candles back after bullish move, price has closed below 124.000 on H4 timeframe. TDI cross, present candle could close below WRB, then I'll be looking for a short which also follows the long term trend. All advice would be appreciated

Look rather mix on different timeframe, with Pa aropund the BRN 124.00 and the power of 10EMA on Day chart and the 50 and 200 EMA on H1.

Under such conditions, take what the market give and run...

have a Plan B ready in case it pushes back up.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY week 16 Apr 20 pre LO.png Size: 61 KB


the 52-weeks average range 100% is 124.85 region.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,511
  • Apr 20, 2016 12:52am Apr 20, 2016 12:52am
Quoting emmanuel7788
{quote} Look rather mix on different timeframe, with Pa aropund the BRN 124.00 and the power of 10EMA on Day chart and the 50 and 200 EMA on H1. Under such conditions, take what the market give and run... have a Plan B ready in case it pushes back up. {image} the 52-weeks average range 100% is 124.85 region.
Just want to make sure I'm seeing what you are you.

When you say mixed? Are you referring to Close above 10EMA on daily chart. And on H1 timeframe, 50 and 200EMA nearing a Cross?

Cheers for all the help.

EDIT: Sorry didn't see the picture you uploaded
  • #68,512
  • Apr 20, 2016 1:00am Apr 20, 2016 1:00am
We keep hearing people mentioned about DISCIPLINE and PATIENCE being two important traits of successful traders.

But how does one need to do and have these traits is something people cannot describe.

So when does one know when he/she has the winning edge in trading this spot forex market?

So far no one has answered this simple question.

The two most successful women traders I know in the 1980s are Kathy Lien and Raghee Horner.

http://www.fxtradermagazine.com/archive.php?p=oct10

read about the other women traders who actually trade in the 1980s not those who worked in bucket shops.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,513
  • Apr 20, 2016 1:16am Apr 20, 2016 1:16am
Quoting emmanuel7788
{quote} Hi, There are many traders using COT in the recent years. I PM you with more information. regards,
Thank you

''Please do not post anything which has to do with Commercial sites such as CompassFx and Dean Malone.''
Sorry, I deleted my post.

Best regards,
  • #68,514
  • Apr 20, 2016 1:18am Apr 20, 2016 1:18am
True or False ?

Attached Image (click to enlarge)
Click to Enlarge Name: TDI mix signal True or False.png Size: 79 KB


A Newbie once said: "A reversal starts in the low timeframe"... I think every trader knows that. You will find the source of the river upstream.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,515
  • Apr 20, 2016 4:02am Apr 20, 2016 4:02am
Quoting TheRock
EURJPY short Pinbar a few candles back after bullish move, price has closed below 124.000 on H4 timeframe. TDI cross, present candle could close below WRB, then I'll be looking for a short which also follows the long term trend. All advice would be appreciated
No close below WRB, no trade
  • #68,516
  • Apr 20, 2016 4:11am Apr 20, 2016 4:11am
Quoting emmanuel7788
We keep hearing people mentioned about DISCIPLINE and PATIENCE being two important traits of successful traders. But how does one need to do and have these traits is something people cannot describe. So when does one know when he/she has the winning edge in trading this spot forex market? So far no one has answered this simple question. The two most successful women traders I know in the 1980s are Kathy Lien and Raghee Horner. http://www.fxtradermagazine.com/archive.php?p=oct10 read about the other women traders who actually trade...
An extremely simple answer would be: when one is consistently profitable. I know it's a very scarce answer, but I want to ignite a discussion on this

I believe that I will NOT KNOW when I have a winning edge, I believe that I will FEEL it. I'd expect the feeling to be choppy at the beginning, but subsequently an uptrend will form and I will ride this CONFIDENCE trend ... and hope for NO reversal
  • #68,517
  • Apr 20, 2016 5:02am Apr 20, 2016 5:02am
Quoting emmanuel7788
EURUSD trade idea: {image}

are you waiting for this to happen?
we still have another 3 hours for the current H4 to close.

talk about PATIENCE and DISCIPLINE, ... it is a waiting game.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Darva Box application to TMS H4.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,518
  • Apr 20, 2016 5:43am Apr 20, 2016 5:43am
The reading materials from this thread,.. I think I do not need to go to the library for the next 20 years . Thank you for all the contribution,.. I am still reading thru the pages..
  • #68,519
  • Apr 20, 2016 6:16am Apr 20, 2016 6:16am
Whats the difference between WRB and Darvas box?
  • #68,520
  • Edited 6:47am Apr 20, 2016 6:30am | Edited 6:47am
Quoting TheRock
Whats the difference between WRB and Darvas box?

WRB is seen with only one candle / bar

Darvas Box High/Low must be seen using 4 candles / bars.

Master Candle [3] also must be seen using 4 candles/bars.

So what is the difference between MC[3] and Darvas Box H/L?

See example explanation below:

Attached Image (click to enlarge)
Click to Enlarge Name: WRB MC3 and Darvas BoxHL.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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