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Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

  • #70,001
  • Jul 7, 2016 5:43am Jul 7, 2016 5:43am
Quoting Heraclees
{quote} you have tyo check Chart on Foreground.{image}
OOOhhh thx a lot )!!! now its work)
  • #70,002
  • Jul 7, 2016 5:52am Jul 7, 2016 5:52am
Quoting kain775
{quote} what timeframe are you trading on to get so many trades in?

look at the entry and exit time of those trades, that's the Duration.
what timeframe do you see those trades done?
Attached Image (click to enlarge)
Click to Enlarge Name: Rims trade duration.png Size: 165 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,003
  • Jul 7, 2016 5:55am Jul 7, 2016 5:55am
Quoting cmhoahongxan
{quote} Thanks for your respond about Pipware. How about ATR gird ? I am still confused about the exit price, though I have read the entry and exit books.

what ATR grid? there is no such grid in the pipware charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,004
  • Jul 7, 2016 5:57am Jul 7, 2016 5:57am
Quoting Gilliam
{quote} Hey! I recall there being a guide here to replicate the TDI on the MT4 platform on your smartphone. May someone please instruct or share how to apply such settings. Ignored few posts above I explained how to create the TDI using the RSI. http://www.forexfactory.com/showthre...51#post9017651 you can do that in most trading platforms PC based and smartphone platform. Hi Emmanuel and gang On Smart phone settings both the red line and green line works fine. The yellow...

read again ... its First Indicator's Data....which is the RSI data.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,005
  • Jul 7, 2016 6:15am Jul 7, 2016 6:15am
Quoting emmanuel7788
{quote} what ATR grid? there is no such grid in the pipware charts.
Post 69,909
I am just new here .Please correct me if I am wrong! The grid on the chart with the 5-Method Text above.
  • #70,006
  • Jul 7, 2016 6:37am Jul 7, 2016 6:37am
Quoting emmanuel7788
{quote} Hi LL, just to show you how the ME/ME work using this back-testing chart which ran today using AU data Jan to Mar . In every open position with maximum 5 trades, we take profits at every opportunity when the market move above the average entry price of our open trades. When ever possible, we take profits - most often with 1 to 2 losses but the number of winners are more the the losses. The statistics showing consecutive winners and consecutive losses is important when we see such exit strategy. What is important is the position or basket...

Hi Emmanuel, Everyone,
I hope you re well. I'm still hear in the background learning, taking notes, developing my knowledge and system, and have been for a couple of years. I was reading back through some of your older posts and wondered how you actually executed a back-test like this. Did you write an EA to run in the MT4 strat tester or is there some other way of doing this in the MT4 strat tester, which allows you to manually pick each setup, then let the trade manager EA take over?
Thanks in advance.
  • #70,007
  • Jul 7, 2016 6:48am Jul 7, 2016 6:48am
Quoting kain775
{quote} what timeframe are you trading on to get so many trades in?
I'm mostly getting my signals on M15 or H1 and switch between these 2 TF's. I also close trades fast if i don't believe it was a good setup. No need to let it run till it hits SL. As there are enough signals it shouldnt be a problem.
  • #70,008
  • Jul 7, 2016 7:16am Jul 7, 2016 7:16am
Quoting cmhoahongxan
{quote} Post 69,909 I am just new here .Please correct me if I am wrong! The grid on the chart with the 5-Method Text above.

those are BRN and RN price levels

Indicators
BN Levels : Post#22,389 (also read post#49,341)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,009
  • Jul 7, 2016 7:26am Jul 7, 2016 7:26am
Quoting Uk1
{quote} Hi Emmanuel, Everyone, I hope you re well. I'm still hear in the background learning, taking notes, developing my knowledge and system, and have been for a couple of years. I was reading back through some of your older posts and wondered how you actually executed a back-test like this. Did you write an EA to run in the MT4 strat tester or is there some other way of doing this in the MT4 strat tester, which allows you to manually pick each setup, then let the trade manager EA take over? Thanks in advance.

Hi,

There are several different ways how you can do back-testing.

This one called LFH Simulator use by many traders for years.

http://www.forexfactory.com/showthre...86#post7743986

there are others, commercial system tester like Forex Tester ... which has lot of functions and test features. Just google "Forex Tester" and you will find it easily. Good investment for this TMS trading business.

Here in recent months, we have several members who develop their own trade manager with money management strategies. These are also expert advisors which can run in back-testing mode.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,010
  • Jul 7, 2016 7:27am Jul 7, 2016 7:27am
Hi Emmanuel!
one more question)
i have 1st setup
and 2ed setup on picture is 2ed setup valid for you?
Attached Image (click to enlarge)
Click to Enlarge Name: Безымянный.jpg Size: 63 KB
  • #70,011
  • Jul 7, 2016 7:32am Jul 7, 2016 7:32am
Quoting maxtill
Hi Emmanuel! one more question) i have 1st setup and 2ed setup on picture is 2ed setup valid for you? {image}

I see Price Action on your chart... but I don't see Support and Resistance.

You need to zoom out on your chart and see the bigger picture when you want to trade with A+++ setups.

Big E knows how to pick the best setups, can we do like him?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,012
  • Jul 7, 2016 8:10am Jul 7, 2016 8:10am
Quoting emmanuel7788
{quote} I see Price Action on your chart... but I don't see Support and Resistance. You need to zoom out on your chart and see the bigger picture when you want to trade with A+++ setups. Big E knows how to pick the best setups, can we do like him?
Shure i can to zoom..
Last candel it is ok for setup?
Attached Image (click to enlarge)
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  • #70,013
  • Jul 7, 2016 8:51am Jul 7, 2016 8:51am
Quoting Rims
{quote} I'm mostly getting my signals on M15 or H1 and switch between these 2 TF's. I also close trades fast if i don't believe it was a good setup. No need to let it run till it hits SL. As there are enough signals it shouldnt be a problem.
Could you show us a one of your trade?

Thanks
  • #70,014
  • Jul 7, 2016 9:00am Jul 7, 2016 9:00am
Quoting maxtill
Hi Emmanuel! one more question) i have 1st setup and 2ed setup on picture is 2ed setup valid for you? {image}
maxtill, looking at your zoomed out chart, I would not buy that 2nd "signal". First, I don't see a new green. x. red up. Second, look at what price did before your 1st entry -- new high, right! Also, TDI red made a new high. But then look what happened when price made another new high -- TDI red made a LOWER high! This is a very important divergence signal, because that TDI red is actually a good MOMENTUM indicator. So, when momentum is falling when price is rising, prepare for a price drop soon. And in this example, price drop came VERY soon.
To free Gazans of Hamas, use whatever it takes.
  • #70,015
  • Jul 7, 2016 10:25am Jul 7, 2016 10:25am
Is this looking good for a short on the H4?
Attached Image (click to enlarge)
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  • #70,016
  • Edited 11:36am Jul 7, 2016 11:03am | Edited 11:36am
Quoting emmanuel7788
{quote} I see Price Action on your chart... but I don't see Support and Resistance. You need to zoom out on your chart and see the bigger picture when you want to trade with A+++ setups. Big E knows how to pick the best setups, can we do like him?
Hello Emm,

what do you think of NZD/CHF and NZD/CAD. The PA is about to break the high of the brexit week candle. If the D1 candle closes above the high of the weekly candle, can we look for long entries on h4 and target the next big resistance at 0.74000?

I would very appreciate your opinion on these pairs.
Attached Image(s) (click to enlarge)
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  • #70,017
  • Edited 12:16pm Jul 7, 2016 11:03am | Edited 12:16pm
I did place a short position at price .075026 for AU and set SL above the resistant level at 0.75525 and TP at 0.74268.
Did I make it right?
Quoting Mbt
{quote} Hello Emm, what do you think of NZD/CHF and NZD/CAD. The PA is about to break the high of the brexit week candle. If the D1 candle closes above the high of the weekly candle, can we look for long entries on h4 and target the next big support at 0.74000? I would very appreciate your opinion on these pairs. {image} {image}
As my viewpoint, we should wait for a retracement. It is still on uptrend.
  • #70,018
  • Jul 7, 2016 11:09am Jul 7, 2016 11:09am
my manual trade this week with TMS by phx62

good luck to us . about ea stil working but i will secure if member want to tested in demo because to avoid people sell the ea i will sent. hope yu understand guys.
tomorrow all will be done . my skype is kehbson . NB : ea i give for member of TMS for free no sell but i will code and will not be selling .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: this week trading 1.png Size: 117 KB
Click to Enlarge Name: tis week2.png Size: 114 KB
  • #70,019
  • Jul 7, 2016 11:21am Jul 7, 2016 11:21am
Quoting davson90
my manual trade this week with TMS by phx62 good luck to us . about ea stil working but i will secure if member want to tested in demo because to avoid people sell the ea i will sent. hope yu understand guys. tomorrow all will be done . my skype is kehbson . NB : ea i give for member of TMS for free no sell but i will code and will not be selling . {image} {image}
Congrat! I earned 1k for a week.
Quoting emmanuel7788
{quote} those are BRN and RN price levels Indicators BN Levels : Post#22,389 (also read post#49,341)
Thanks for your sharing
  • #70,020
  • Jul 7, 2016 11:43am Jul 7, 2016 11:43am
Quoting maxtill
{quote} Shure i can to zoom.. Last candel it is ok for setup? {image}
well, that last candle you show looks okay except when I apply Big E's Post#261 and Post#647 ... I will go look for another pair.

there is price action with the Day Inside Bar but the breakout candle did not close above the Mother Bar of the IB.
also to the left is previous support now become resistance.
and the volatility is in question as price is in contraction for many days after that very big candle.
these are the risks i see on your chart.

Attached Image (click to enlarge)
Click to Enlarge Name: maxtill EURAUD D1 chart post.png Size: 638 KB


If I trade with my ME/ME Roadmap, my setup candle would be the red arrow candle closed as setup.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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