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More simple is impossible

  • #7,361
  • Jun 13, 2016 4:25am Jun 13, 2016 4:25am
Quoting JoshuaHope
{quote} Its literally called Davit's Pivots. Can be found in Davit's TDI thread here - http://www.forexfactory.com/showthread.php?t=588764. Best, Josh
hello Joshua ...for the melanese trade manager you sent me 3 things do I put all in the experts folder what do I do with the set ....also in experts folder?
  • #7,362
  • Jun 13, 2016 4:27am Jun 13, 2016 4:27am
[quote=BBalazs;8974826]
Quoting bettervolume
{quote} If you trade a 1 lot position, you have to pay 8$ in commission + a minor spread (less than 1 pips with majors). If you trade 0.01 lot size, you have to pay 0.08$ in commission.
thanks blaaz
  • #7,363
  • Jun 13, 2016 4:39am Jun 13, 2016 4:39am
Quoting bettervolume
{quote} hello Joshua ...for the melanese trade manager you sent me 3 things do I put all in the experts folder what do I do with the set ....also in experts folder?
Put the mt4 and ex4 files in the experts folder. The set file you can put anywhere you like. Once you move the milanese expert to a chart, it will open a input tab. That tab has load button. Hit that and lead it to the set file.
Best, Josh
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  • #7,364
  • Jun 13, 2016 8:01am Jun 13, 2016 8:01am
Quoting JoshuaHope
{quote} Put the mt4 and ex4 files in the experts folder. The set file you can put anywhere you like. Once you move the milanese expert to a chart, it will open a input tab. That tab has load button. Hit that and lead it to the set file. Best, Josh {image}

thanks josh will give it a try
  • #7,365
  • Jun 13, 2016 8:07am Jun 13, 2016 8:07am
have taken a short after the double top stochastics not oversold yet lets see how it pans out
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  • #7,366
  • Jun 13, 2016 9:24am Jun 13, 2016 9:24am
Quoting Intrepidpips
This looks promising, a MTF MA Crossover alert, my preferred settings are H1, 2,3,6,3,5, the idea is complimentary, see the arrows and trade the pullbacks in the arrows direction. {image} {file}

I see now it's better with H4
Let it turn and find your entry.
  • #7,367
  • Jun 13, 2016 9:27am Jun 13, 2016 9:27am
So much left on the table but I am satisfied at the clear entry signals generated.
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Let it turn and find your entry.
  • #7,368
  • Jun 13, 2016 9:45am Jun 13, 2016 9:45am
Quoting bettervolume
have taken a short after the double top stochastics not oversold yet lets see how it pans out {image}
Hope you got out before it turned back up?
Let it turn and find your entry.
  • #7,369
  • Jun 13, 2016 11:09am Jun 13, 2016 11:09am
I was back-testing the REN 14/7 when I decided that my favorite Double Tops and Bottoms were smoothed away, so I ditched it but before I could switch to 12/6 a 50 pips drop shook GU but thankfully I caught some of the "after-shake"
Attached Image(s) (click to enlarge)
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Let it turn and find your entry.
  • #7,370
  • Jun 14, 2016 3:31am Jun 14, 2016 3:31am
Quoting Intrepidpips
{quote} Hope you got out before it turned back up?
yeah got out just in time
  • #7,371
  • Jun 14, 2016 3:55am Jun 14, 2016 3:55am
Quoting bettervolume
{quote} yeah got out just in time

Gr8

"By the yard it's hard, by the inch it's a cinch"

Got in after the news and out @ triple bottom was forming, will come back after NYO.
(RENKO 6)
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 197.png Size: 60 KB
Let it turn and find your entry.
  • #7,372
  • Jun 14, 2016 9:20am Jun 14, 2016 9:20am
Quoting Intrepidpips
{quote} Gr8 "By the yard it's hard, by the inch it's a cinch" Got in after the news and out @ triple bottom was forming, will come back after NYO. (RENKO 6) {image}
I saw the Double Top but was too spooked to loose so I reasoned I'd sell after crossing the Pivotal MA, not too stellar trading but will do for today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 198.png Size: 68 KB
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Let it turn and find your entry.
  • #7,373
  • Jun 14, 2016 4:09pm Jun 14, 2016 4:09pm
Quoting Intrepidpips
{quote} I saw the Double Top but was too spooked to loose so I reasoned I'd sell after crossing the Pivotal MA, not too stellar trading but will do for today. {image} {image}
as long as you are making money ..money is money ...doesnt matter if its 2 pips or 5 pips
  • #7,374
  • Jun 14, 2016 4:15pm Jun 14, 2016 4:15pm
the idea of trading is to find 2 to 3 trades a day that will work 90 percent of the time ...not to trade all day long
  • #7,375
  • Jun 15, 2016 1:54am Jun 15, 2016 1:54am
Quoting bettervolume
the idea of trading is to find 2 to 3 trades a day that will work 90 percent of the time ...not to trade all day long
If you could pull that off, Wall Street firms would throw millions of dollars at you just to trade for them
Invincibility lies in the defence; the possibility of victory in the attack
  • #7,376
  • Jun 15, 2016 4:47am Jun 15, 2016 4:47am
Hello,

I really admire you all.
One day I'll get that level.

For now, I´m testing this...
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  • #7,377
  • Jun 15, 2016 5:47am Jun 15, 2016 5:47am
Quoting BBalazs
{quote} If you could pull that off, Wall Street firms would throw millions of dollars at you just to trade for them
when I was trading futures crude I blew my account 3 times ..yet I knew that market so well and I couldn't figure out why I am loosing the money ... until now I realize my mistake ....I over traded I wanted to trade all day long ... but I had 2 - 3 trades everyday that could make me 15 to 20 pips per trade ..90 percent of the time ...but guess what it was too boring to wait hrs for the trade to come along ......in fact im thinking of going back to futures ...this is game of patience ... wait for the trade all day if it doesn't come it is not there ....don't be trigger happy and try to trade every u turn ,,,....This is what I have learnt ,but to put it into practice is difficult .
  • #7,378
  • Jun 15, 2016 7:20am Jun 15, 2016 7:20am
Quoting bettervolume
{quote} when I was trading futures crude I blew my account 3 times ..yet I knew that market so well and I couldn't figure out why I am loosing the money ... until now I realize my mistake ....I over traded I wanted to trade all day long ... but I had 2 - 3 trades everyday that could make me 15 to 20 pips per trade ..90 percent of the time ...but guess what it was too boring to wait hrs for the trade to come along ......in fact im thinking of going back to futures ...this is game of patience ... wait for the trade all day if it doesn't come it is...
I agree with your conclusion. Take those 2-3 trades but only from high probability setups...now indeed that takes a whole lot of patience and discipline. But, if you were to pull reliably, only 10 pips for example, you would be set...and you can do that in a single trade...assuming you have good money management. Somebody posted a excel sheet earlier in the thread...compounding does the work for you.

Best, Josh
  • #7,379
  • Jun 15, 2016 7:22am Jun 15, 2016 7:22am
Quoting bettervolume
{quote} when I was trading futures crude I blew my account 3 times ..yet I knew that market so well and I couldn't figure out why I am loosing the money ... until now I realize my mistake ....I over traded I wanted to trade all day long ... but I had 2 - 3 trades everyday that could make me 15 to 20 pips per trade ..90 percent of the time ...but guess what it was too boring to wait hrs for the trade to come along ......in fact im thinking of going back to futures ...this is game of patience ... wait for the trade all day if it doesn't come it is...
I don't really believe in that. The winning and losing trades a randomly distributed, although one pattern, over a series of trades can produce consistent results. If you think that you can 'filter out' the losing trades, you are deluding yourself in my opinion. There is nothing wrong with trading all day long, matter of fact, you can gain experience a lot faster that way. Of course, as long as you maintain good MM.
Invincibility lies in the defence; the possibility of victory in the attack
  • #7,380
  • Jun 15, 2016 7:23am Jun 15, 2016 7:23am
Quoting JoshuaHope
{quote} I agree with your conclusion. Take those 2-3 trades but only from high probability setups...now indeed that takes a whole lot of patience and discipline. But, if you were to pull reliably, only 10 pips for example, you would be set...and you can do that in a single trade...assuming you have good money management. Somebody posted a excel sheet earlier in the thread...compounding does the work for you. Best, Josh
Question is, how much are you willing to risk to get that 10 pips?
Invincibility lies in the defence; the possibility of victory in the attack
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