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Trading Made Simple

  • #69,781
  • Jun 25, 2016 12:15pm Jun 25, 2016 12:15pm
Quoting emmanuel7788
{quote} Hi Mazibee, here are some old posts on this subject: Download the TDI realtime non-repainting version here: TDI-RT version Post#17,848 and change the default settings to of the Synergy_Pro_TDI settings: Post#59,624 Choose your trading styles using the TDI Scalping, Active and Moderate Post#24,705, Post#23,486,...
Extremely thankful Emmanuel for the explanation and clarification.

I will axiously wait for the live examples in the realtime live market.

You are one of the best teachers.

Have a lovely weekend.
  • #69,782
  • Jun 25, 2016 12:23pm Jun 25, 2016 12:23pm
Is there anyway to get the trademanager EA that everyone using here? Searching on FF shows multiple versions-don't know which one for TMS.

http://www.forexfactory.com/showthread.php?t=89371

http://www.forexfactory.com/showthread.php?t=293850
  • #69,783
  • Jun 25, 2016 4:03pm Jun 25, 2016 4:03pm
Hello all,

For the more experienced traders: have you ever encountered the following situation:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Monthly.PNG Size: 67 KB


What do we do when a pair has reached and broke lowest support ever? How long do you let profits run? Is it risky to trade in this case?
Haven t traded without S&R until now.


Thank you for all your thoughts!

Kind regards,
Bill
focus, manage risk, rinse, repeat
  • #69,784
  • Jun 25, 2016 10:08pm Jun 25, 2016 10:08pm
Quoting bill992
Hello all, For the more experienced traders: have you ever encountered the following situation: {image} What do we do when a pair has reached and broke lowest support ever? How long do you let profits run? Is it risky to trade in this case? Haven t traded without S&R until now. Thank you for all your thoughts! Kind regards, Bill

Hi Bill,

Just had brunch with a group of traders just to talk about the market in the coming weeks after Brexit decision. I got a feel of the sentiments of some of my British friends and neighbours here. There is sadness as well as jubilant. There is mix feelings and some wished that the poll never happened because of the uncertainties after the final exit from the EU which can take months up to 2 years. The following months will be tough times for the British people and the UK Government to work out the details of the exit. I wish them well that they face the challenges ahead. I believe they will achieve their aspirations and lead better lives. I have faith in the Sterling GBP will rise again back to 50% of 2008 levels... 1.7000. Give it time to work out. It can take 5 to 10 years after the final EU exit is completed.

Now back to your MN Line Chart. See my comments on my BPP preview below. Not final BPP and trade plan yet, got to wait till London 1500 today. for the planning session.

I wait for this month to close and see the actual Close price next week.
I wont be rushing into any new position trades for at least another 1 to 2 weeks.
If I must trade, then it will be only 4H Swing trades and I will give it 2 days to settle down on my H4 chart. The TDI is useless in all timeframes now after the Brexit extreme big candles we see in all timeframes. Trading intraday using H1 and in lower timeframes will be risky around the different markets opening and closing times.
Retail forex traders have no chance in such market conditions and more will lose their money. You wont get good RR trading fix lot size in lower timeframe trading.

Best thing to do preserve our trading capital, use this time to practice on demo account and not to trade with real money in live market. This is good time to demo trade and test your money management strategy. Learn and gain experience trading the 5-Method.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 26 Big Picture preview.png Size: 61 KB


Trade Well and always trade with stop loss.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,785
  • Jun 25, 2016 10:18pm Jun 25, 2016 10:18pm
Quoting dewdrops
Is there anyway to get the trademanager EA that everyone using here? Searching on FF shows multiple versions-don't know which one for TMS. http://www.forexfactory.com/showthread.php?t=89371 http://www.forexfactory.com/showthread.php?t=293850

Hi dewdrops,

Use the MPTM by Steve Hopwood. It's quite a monster in programming but works great once you get good grip of what it can do. You need to experience it and then tame this monster. Coders like me love it, we learn the programming code, the logical structure, order management, etc.

I had used that for many years and it does a good job managing multiple trades in same currency pair as a basket. There is one version for basket management. ..MPBM.
You will learn how to operate and run an expert advisor using either one.

But if you are trading with Single Entry and use scaling out your trades, then the THV Cavemanager is much easier to use, fewer input parameters which are simple to apply.

Let me know when you need any help.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,786
  • Jun 25, 2016 10:42pm Jun 25, 2016 10:42pm
Dear Emm,

What are your indicators for TMS 5 method? Seems like the previous post i did u mention i was following BIG E method.
  • #69,787
  • Jun 25, 2016 10:58pm Jun 25, 2016 10:58pm
Quoting jeff90
Dear Emm, What are your indicators for TMS 5 method? Seems like the previous post i did u mention i was following BIG E method.

Hi Jeff,

as the core trading method,
I use the TDI_RT version but I changed the default settings.
and 5EMA set to Typical Price, Shift+3.
Stochastics 8,3,3 is optional. I don't use that anymore.

for big picture planning BPP and multiple timeframe MTF analysis, I use a 10EMA Close Price on every timeframe to see where the price action is in relation to the 10EMA of that timeframe.

Some posts which you should read in case you have not.
Download the TDI realtime non-repainting version here:
TDI-RT version Post#17,848
and change the default settings to of the Synergy_Pro_TDI settings: Post#59,624

Choose your trading styles using the TDI – Scalping, Active and Moderate
Post#24,705, Post#23,486, Post#24,912, Post#51,153, Post#51,299, Post#56,578 Post#57,351, Post#57,394

High Probability Trading using Moving Average: Post#42,728
The power of 10EMA Post#8,528 by FF member named tango-1

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,788
  • Jun 26, 2016 12:03am Jun 26, 2016 12:03am
Hey guys...
Does any one know if there is an indicator or manger for "Multiple enter with diff risks and one exit for all in a one pair "?
  • #69,789
  • Jun 26, 2016 12:08am Jun 26, 2016 12:08am
Quoting mabooz
Hey guys... Does any one know if there is an indicator or manger for "Multiple enter with diff risks and one exit for all in a one pair "?

Yes, its MPTM and MPBM.
see post above.
http://www.forexfactory.com/showthre...75#post9000075

and this link:

http://www.forexfactory.com/showthread.php?t=89371

follow that post to the source where MPBM is.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,790
  • Jun 26, 2016 1:29am Jun 26, 2016 1:29am
Hi Emm,

Whats the difference between the last 2 indicators chart?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB
  • #69,791
  • Jun 26, 2016 1:39am Jun 26, 2016 1:39am
Quoting jeff90
Hi Emm, Whats the difference between the last 2 indicators chart? {image}

Can you press both these keys at same time - 'Ctrl + A' on that same screen and this will size both TDI sub-windows to be of the same default height. Then post that same chart again.

Thanks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,792
  • Jun 26, 2016 2:41am Jun 26, 2016 2:41am
hey guys. Is it possible to get this heikin ashi chart in mobile mt4?
  • #69,793
  • Jun 26, 2016 2:52am Jun 26, 2016 2:52am
Quoting mabooz
hey guys. Is it possible to get this heikin ashi chart in mobile mt4?
Use this app http://www.tradeinterceptor.com
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2016-06-26-13-53-13.png Size: 180 KB
  • #69,794
  • Jun 26, 2016 3:46am Jun 26, 2016 3:46am
Quoting jeff90
Hi Emm, Whats the difference between the last 2 indicators chart? {image}

here see my test results comparing those two TDI versions you have on your chart.

study carefully and do your own realtime forward testing next week.
that can make a difference to how you define your entry and exit rules in the timeframe you trade.
Attached File(s)
File Type: pdf TDI Versions Compare.pdf   299 KB | 1,833 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,795
  • Jun 26, 2016 5:55am Jun 26, 2016 5:55am
[ I use the TDI_RT version but I changed the default settings. and 5EMA set to Typical Price, Shift+3. Stochastics 8,3,3 is optional. I don't use that anymore. ]
Hi Emmanuel,

Can you explane little more about your settings ?

regards,
  • #69,796
  • Jun 26, 2016 2:37pm Jun 26, 2016 2:37pm
Quoting emmanuel7788
{quote} Hi, based on your entry with TDI cross, the ME/ME trade would have result with 2 ME trades, with 0.5ADR as the Me trade distance. With minimum profit protection set to 0.5ADR, and when the market move above the 0.5ADR nos of pips, your trade management should be to exit when TDI M15 cross in reverse. Otherwise, you trail using the 2 days look back and this would have stopped out your trades before the trade invalidation i.e. the TDI cross in D1 TF. see chart below. Always update and follow what the price action is showing as each new day...

Hi Emmanuel,

thank you for your answer. I have added M15 TDI cross to my EA, so after reaching TP level my EA will wait until next M15 TDI cross - this does increase profit, so thank you again. Assuming the set-up is still valid - do you open the next basket immediately after TP or based on M15 TDI, too?

Best regards,
Best regards, blackfriday
  • #69,797
  • Jun 26, 2016 6:47pm Jun 26, 2016 6:47pm
Quoting blackfriday
{quote} Hi Emmanuel, thank you for your answer. I have added M15 TDI cross to my EA, so after reaching TP level my EA will wait until next M15 TDI cross - this does increase profit, so thank you again. Assuming the set-up is still valid - do you open the next basket immediately after TP or based on M15 TDI, too? Best regards,

Hi,

You are welcome. There are still some other features and options which I share at different time as the discussions progress.

When the setup is still valid, we can re-enter and start a new basket under certain conditions.

1) If the trade plan is a D1 chart position trade, I will re-open an new ME trade and that will start a new basket immediately. Do not wait for M15 cross for new entry because it may not happen and you miss an opportunity in a strong trending move.


2) If that is a H4 Swing trade, I have a day and time boolean check in my EA. If the exit happen during the London session, I will not open a new trade/basket. Reason is I do not keep my 4H swing trades over the weekend. All swing trades are closed by Friday market session close.

Day & Time check is good option in both cases because sometimes we want to cease trading on a specific date no matter what the results. Like last week, we should have stop trading before the Brexit poll and limit our exposure to extreme volatility.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,798
  • Jun 26, 2016 6:49pm Jun 26, 2016 6:49pm
Quoting hrds
[ I use the TDI_RT version but I changed the default settings. and 5EMA set to Typical Price, Shift+3. Stochastics 8,3,3 is optional. I don't use that anymore. ] Hi Emmanuel, Can you explane little more about your settings ? regards,

Hi,

here this post will explain the setting:

http://www.forexfactory.com/showthre...26#post8438126

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,799
  • Jun 26, 2016 7:04pm Jun 26, 2016 7:04pm
I have done Emmanuel short notes summary about 25 pages.
It might be useful for TMS friends.
Thank you Emmanuel for teaching us. You are the greatest

Best regards,
Attached File(s)
File Type: pdf Emmanuel Summary.pdf   3.0 MB | 2,803 downloads
  • #69,800
  • Edited 10:03pm Jun 26, 2016 8:55pm | Edited 10:03pm
Kind of double top and shooting star with downward thrust bar.
enter after BRN
exit with +20 pips

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 30 KB


Entered trade after it's out of WRB
exit with +10 pips which around ATR(5)

Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 24 KB


Follow the downward trendline
Downward Thrust bar with piercing downward candle
Once it passed BRN entered the trade
Exit trade before Tokyo open.
+23 pips

Attached Image (click to enlarge)
Click to Enlarge Name: Image3.png Size: 28 KB
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