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Trading Made Simple

  • #70,281
  • Jul 20, 2016 8:55pm Jul 20, 2016 8:55pm
Quoting emmanuel7788
{quote} is that alone can be the winning edge?
No ? It is one of the element to contol emotion.

Thanks
  • #70,282
  • Jul 20, 2016 9:11pm Jul 20, 2016 9:11pm
Quoting emmanuel7788
{quote} EURGBP Week 29 H4, no breakout but reversed at WRB High resistance. {image}
I remember reading that you use EURGBP as a pair for recovery trade. If so, why?

As it is still within WRB, I assume you did not take any trade on this pair?

Thank you.
  • #70,283
  • Jul 20, 2016 10:12pm Jul 20, 2016 10:12pm
Quoting mkfx
{quote} When i'm away i make the best nr. of pips just do the analysis and set your TP and SL and go... Is 100% correct with me as well
same for me generally.
  • #70,284
  • Jul 20, 2016 10:31pm Jul 20, 2016 10:31pm
Quoting kain775
more food for thought how much is everyone risking per trade and what is your RR ratio? I have gone back to demo to practice atm but have been risking 2% per trade. I have heard emmanuel say never let your drawndown get to above 10% ....but it will take too much trades to make good money if i risk 0.02% like him as I am not rich like him. Most traders recommend risking 1% so I thought to myself 2% will be a bit aggressive but not enough to blow an account. my R:R for tms is 1:1 I assumed a 60% winning rate [don't want to be too cocky and assume...
Hello Kain, im not sure how long u have been trading with tms.

i have traded the timeframes of 1h (1 year), 4h (3 months) and daily (1 month). i think the first most important thing is that you need to find a timeframe and lot size that is comfortable for you. I believe there is a post about this.

my results in 1h and daily are poor. (in a long run) both are not profitable. could be due to various factors (includes uncomfortable timeframe and trading experience)
i have switched to 4h for about 3 months and results are decent. (win rate ~65%) Stress and management levels have reduced to a much more comfortable level for me.

RR ratio is a tricky thing. it depends on where u set ur intital sl and tp. when the PA is strong, i will go for less than 1:1. i will adjust sl and tp accordingly when trade progress. In fact, this 3 months, most of my R:R is less than that. However, its good to have a higher ratio.

Always focus on price action and trend. what Big E and traders like emmanuel7788 taught have benefited me as well with their constant sharing.
  • #70,285
  • Jul 21, 2016 2:01am Jul 21, 2016 2:01am
Quoting phi1ipp
Here is mine for today for UJ, breaking out of consolidation (two red lines) and above resistance (orange){image}
All JPY pairs moved out of their rails
  • #70,286
  • Jul 21, 2016 4:05am Jul 21, 2016 4:05am
Hi guys, I'm new here but just wanted to say thanks for 3514 pages of information! I'm still making mistakes but trying to learn so much information so quickly is never easy!

USD/JPY was an easy opportunity today on the 4hr chart, TP was hit in under 5mins for 20 pips. (Demo Account).

Best decision so far was GPB/JPY on the 13th for 453 pips using this system.

My biggest issue is with the TDI green line not coming up as 12-2 or 4-6 but still taking the trade. Need more angle!
  • #70,287
  • Jul 21, 2016 4:42am Jul 21, 2016 4:42am
Does anyone know the calculations used for APBs? I know it's a modified version of Heiken Ashi bars but I can't replicate the calculations.

The reason I ask is that I am most comfortable using the cTrader platform which doesn't have an APB indicator. I can code it without a problem, it's just the calculations to get the bars right that I'm struggling with. Any help would be greatly appreciated.
  • #70,288
  • Jul 21, 2016 4:53am Jul 21, 2016 4:53am
Quoting Jexodus
Does anyone know the calculations used for APBs? I know it's a modified version of Heiken Ashi bars but I can't replicate the calculations. The reason I ask is that I am most comfortable using the cTrader platform which doesn't have an APB indicator. I can code it without a problem, it's just the calculations to get the bars right that I'm struggling with. Any help would be greatly appreciated.

http://www.forexfactory.com/showthre...00#post5338100
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,289
  • Jul 21, 2016 4:58am Jul 21, 2016 4:58am
Quoting antonym
{quote} I remember reading that you use EURGBP as a pair for recovery trade. If so, why? As it is still within WRB, I assume you did not take any trade on this pair? Thank you.
look at Day chart for these pairs.

only when EURUSD and GBPUSD trend in opposite directions and I have open trades, then EURGBP is use as recovery 'hedging' trade.

did not happen this week as both EU and GU are sideways and EG also sideways.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,290
  • Jul 21, 2016 6:09am Jul 21, 2016 6:09am
AUDUSD Jul 21 H1 GMT1109

its one hour to NY open..

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Jul 21 H1 setup.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,291
  • Jul 21, 2016 6:16am Jul 21, 2016 6:16am
Quoting emmanuel7788
AUDUSD Jul 21 H1 GMT1109 its one hour to NY open.. {image}

I'm going to throw myself out there and say yes, 0.75 seems to provide resistance and the TDI is turning over nicely...

Feel free to correct me!
  • #70,292
  • Jul 21, 2016 7:11am Jul 21, 2016 7:11am
I just want to share my successful entry today guys. Spotted reversal bar in GBPJPY in TF H4 and greed TDI crosses red TDI. This setup convinced me to short it after using another method as confirmation. I make $16 today with initial deposit $50. I think this A++ setup only appear 1 or 2 time every day. It's not live account anyway. If I can make over $1000 with initial deposit $50 about 2 month then I don't hesitate using live account. Sorry for my bad english
Attached Image (click to enlarge)
Click to Enlarge Name: ff.png Size: 56 KB
Trade What You See NOT What You Expect
  • #70,293
  • Jul 21, 2016 7:13am Jul 21, 2016 7:13am
Quoting Groves
{quote} I'm going to throw myself out there and say yes, 0.75 seems to provide resistance and the TDI is turning over nicely... Feel free to correct me!

well the TMS setup look good.
but there are risks, 2 things which we do not see on our charts.

- we do not know if there are really sellers or there were buyers exiting the market before NY session open.

- there is US data release in about 30mins after NY open. the market will set up traders ...

but if the data release is pro-USD, then this may work out.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,294
  • Jul 21, 2016 7:26am Jul 21, 2016 7:26am
Quoting emmanuel7788
{quote} well the TMS setup look good. but there are risks, 2 things which we do not see on our charts. - we do not know if there are really sellers or there were buyers exiting the market before NY session open. - there is US data release in about 30mins after NY open. the market will set up traders ... but if the data release is pro-USD, then this may work out.

Ok that makes sense.

I can now see the TDI flattening out on the H1 and beginning to go up on the M15.

Do you tend to try and trade away from news?
  • #70,295
  • Jul 21, 2016 7:28am Jul 21, 2016 7:28am
Quoting emmanuel7788
{quote} Wow, that excellent trading done in one month. That's is possible and you don't have to be aggressive to achieve that result. You need to know when to trade and when not to trade. You need to know how to make your money work harder for you. Some people like to gamble. Some like to speculate. But very few people can move the market. Is George Soros a gambler? He knows what moves the market and he can move the market using big money.
Yes,learn not to lose too fast is the first thing.
  • #70,296
  • Jul 21, 2016 5:32pm Jul 21, 2016 5:32pm
Quoting emmanuel7788
{quote} USDCAD H4 Jul 19 H4 eventually did work with a breakout to the upside. there was some play with previous resistance and BRN. {image}

USDCAD D1 chart

looking at a new high for this month.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 29 Jul 22 open.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,297
  • Jul 21, 2016 5:39pm Jul 21, 2016 5:39pm
Quoting emmanuel7788
{quote} For my trading chart and decisions, I use the TDI-RT. The TDI_RT with setting (10,5,34,3,1,7,0) will show the lines same as the Synergy Pro TDI. The Synergy Pro TDI is a commercial product and it has alerts for various TDI conditions coded in it. I use the default (13,0,34,2,0,7,0) in my TMS Monitor.
Thank you I will do the same!
Successful people do what unsuccessful people are not willing to do
  • #70,298
  • Jul 21, 2016 5:42pm Jul 21, 2016 5:42pm
Quoting emmanuel7788
{quote} USDCAD D1 chart looking at a new high for this month. {image}
i took a small position on the H4 cross an hour ago. Close to previous resistance and BRN well see.... 1st target is 7/11/16 close.
Successful people do what unsuccessful people are not willing to do
  • #70,299
  • Jul 21, 2016 5:58pm Jul 21, 2016 5:58pm
Quoting TampaFX
{quote} i took a small position on the H4 cross an hour ago. Close to previous resistance and BRN well see.... 1st target is 7/11/16 close.
Yes.

The current H4 setup is good. Just that the market liquidity during the early morning Sydney session is very low and the spread is widen. But still good for a new entry not to miss.

Today we have data release during the US session. so we must take note of this and where we placed our stops. Placing our stops below the previous 2 days low is usually safe for any spike down.

Also note that the 52-weeks average trading range is 283 pips, and the market has already made 173pips 60% of the the 52-week ATR. Still some room for target.

Manage this trade well.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 29 Jul 22 H4 open.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,300
  • Jul 22, 2016 1:38am Jul 22, 2016 1:38am
Hi Emmanuel7788,

How about GBPJPY and GBPAUD from your analyst?
sometimes i confuse just like GBPJPY, TF H4 Green line cross up to red line, indicate to long position. but in the same time TF D1 green line cross down to redline indicate to short position.

If the case like this, what's shuld the traders do?

Many thanks.

Regards,
Andre
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