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Trading Made Simple

  • #71,441
  • Sep 25, 2016 3:03pm Sep 25, 2016 3:03pm
Quoting dougl1965
{quote} Last question but do you guys ever worry about getting out before 8am Central? I know Big E exited at 6am West Coast time? They usually say to be out before the news hits? I say that and Friday's news is what gave me a profitable day trading this (demo). dougl
Doug
Would say if you can tolerate the swap fee, not in fear of red news, willing to face the cap on Monday after the weekend and have the confidence in your analysing of that order keep going. What I did find out the hard way about red news is do not fool around when the USA have it's unemployment announcements
  • #71,442
  • Sep 25, 2016 3:32pm Sep 25, 2016 3:32pm
Quoting emmanuel7788
{quote} 85% to 90% in rate in retail forex trading is exceptional. It is not sustainable over long term. Very rare few traders can achieve and consistently maintain such win rate over a 3 years period. I am not saying that cannot be achieved but it is very rare and consistency is really the key. Many newbie traders come to forex trading thinking that they can make lots of money. In 2012 a newbie joined a skype group and his aim was to trun a $5k to one million in 5 years. He obviously read a lot of forex trading stuff and he can quote from well...


Hi Emmanuel7788

I have to tell you that I enjoy a lot your posts about that rookie trader with gambling habits who wanted to turn $5k to One Million in 5 years but he ended up trading with 0.01 lots and never achieved his "dream".


I think there's a lot we can learn from this story so we don't repeat the same mistakes


Here are the posts if others want to read:


http://www.forexfactory.com/showthre...02#post9158602

http://www.forexfactory.com/showthre...11#post9132011

http://www.forexfactory.com/showthre...84#post9126184

http://www.forexfactory.com/showthre...32#post9125932

http://www.forexfactory.com/showthre...30#post9123830

http://www.forexfactory.com/showthre...87#post9123787

http://www.forexfactory.com/showthre...07#post9121807

http://www.forexfactory.com/showthre...35#post9119535

http://www.forexfactory.com/showthre...47#post9104747

http://www.forexfactory.com/showthre...01#post8870001

http://www.forexfactory.com/showthre...57#post8584757

http://www.forexfactory.com/showthre...41#post8770441
  • #71,443
  • Sep 25, 2016 4:54pm Sep 25, 2016 4:54pm
Quoting Tekkies
ItaTrader TDI is basically RSI or the other way round RSI,13,Close Price,Colour to None. MA,2,Simple,Close,Green,Previous Indicator's Data. MA,7,Simple,Close,Red,Previous Indicator's Data. MA,34,Simple,Close,Yellow,Previous Indicator's Data
And i'm studying it
It's not over, until I win.
  • #71,444
  • Sep 25, 2016 5:47pm Sep 25, 2016 5:47pm
Quoting ItaTrader93
{quote} And i'm studying it
It is your fault - I do not like to read about myself in a book

If asked, many seasoned traders will tell a novice trader that it is important to focus on truly mastering one indicator. It is essential to know when and why an indicator is about to behave in a certain way. Once an indicator is truly mastered, the trader is able to apply his own unique perceptions and rules to it. Many inexperienced traders want to believe that they have mastered an indicator simply because they know its particular trading "rules" governing entries, exits and stops. The reality is that they "know" no more than any other trading novice. Consequently, they have no "edge" versus other traders when using a particular indicator, which is one of the primary reasons that 99% of all new traders lose their money. (RSI: The Complete Guide John Hayden)
  • #71,445
  • Sep 25, 2016 6:12pm Sep 25, 2016 6:12pm
Quoting Tekkies
{quote} It is your fault - I do not like to read about myself in a book If asked, many seasoned traders will tell a novice trader that it is important to focus on truly mastering one indicator. It is essential to know when and why an indicator is about to behave in a certain way. Once an indicator is truly mastered, the trader is able to apply his own unique perceptions and rules to it. Many inexperienced traders want to believe that they have mastered an indicator simply because they know its particular trading "rules" governing entries, exits...
Can't get the point.
It's not over, until I win.
  • #71,446
  • Edited Sep 26, 2016 5:20am Sep 25, 2016 6:34pm | Edited Sep 26, 2016 5:20am
Quoting ItaTrader93
{quote} Can't get the point.
Long story. Posted a couple of posts back that TDI give me a win rate of between 85 - 90%. When I studied my orders placed I realized that the only reason I achieved those results was that the market was in a strong trend and my orders was all in line with that trend. Reading that paragraaf made me realise that it is me - I know only what BigE has posted about TDI and even that I have half wrong most of the time.
  • #71,447
  • Sep 25, 2016 7:05pm Sep 25, 2016 7:05pm
Hi,

Anyone can help me set width of Synergy_APB bar to 5? the default one is 3 and it is too small for me. I tried to change to 5 and save but reopen then it comeback 3.

Thank you
  • #71,448
  • Sep 25, 2016 7:41pm Sep 25, 2016 7:41pm
Quoting AlexoBrawler
{quote} I'm watching EURGBP, AUDUSD, USDJPY, USDCAD, EURJPY, GBPUSD, EURUSD and AUDJPY, following and trading in H4 the trend I see in D1. I'm not very good with supports and resistances but I tried to learn about that drawing lines where I think there are s/r... In the last days of this past week I recovery some pips following the simple, I'm not very confident trading agains the trend or in H1, H1 in fact stresses me a lil bit hehe... also I trade in D1... {quote} That's something I learn this week, sometimes (when I trade H1) I close the trade...

Hi AlexB,

I have the same pairs in my watchlist. EURGBP is a special pair with its small trading range and biggest pip$value.

About the use of support and resistance, I think this is an important topic for TMS traders as I received several PMs on this over the past weeks.

To keep our charts clutter free and also consistent with what Big E taught us, we simply use the price Round Number as our price grids on our TMS trading charts.
I no longer use the daily and weekly pivots because by looking at previous price action PPA and around the BRN anbd RN levels, it is an effective way to see where the previous swing points (reversals) and also where previous price consolidation were.

read my old post on the use of BRN/RN instead of pivots.
http://www.forexfactory.com/showthre...56#post8899356

Attached Image (click to enlarge)
Click to Enlarge Name: archealogy grids.png Size: 333 KB


Pivots changes every new day and every new week because they are based on the previous day and previous week price data. How can they be like the archaeology grids?
The BRN/RN price levels are fixed, they are uniformly space in number of pips which make it easy for us to view and measure. We can look at the buying and selling activities around the price grids - 25pips, 50pips, 75pips, and 100pips; and look for our TMS setups. This is a lot easier and more effective.
Look at the EURGBP H4 chart below. While many pivots traders were selling last week because of some pivot resistance levels, the market was in consolidation and broke higher. There was a nice TMS setup for buy. This week, we see again price 'pause' at 0.8650 so we wait for a TMS setup again around this 0.8650 level.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP and RN levels.png Size: 85 KB


Have Good Trading week, make some money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,449
  • Sep 25, 2016 7:54pm Sep 25, 2016 7:54pm
Quoting inmon
Hi, Anyone can help me set width of Synergy_APB bar to 5? the default one is 3 and it is too small for me. I tried to change to 5 and save but reopen then it comeback 3. Thank you

Try these

Synergy APB / HeikenAshi_DM : : Post#28,535

but the zoom factor on your chart will make your charts look 'ugly' with the width '5' setting.

what you need to be able auto-width change when you zoom in and out on your chart.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,450
  • Sep 25, 2016 8:06pm Sep 25, 2016 8:06pm
Week 39 Sep 26 to 30:

I love this week because it is Month end candle and also a full 5-day Week which also means a Weekly candle open and close.

Having done our Big Picture Plan last night with some of you folks, USDCAD will be our bigger challenge to trade H4 this week.

We can buy and sell this week. I am chasing buys at 1.3150 until it fades and maybe it turns around on H4 swing this week.

Good Trading Folks!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,451
  • Sep 25, 2016 8:21pm Sep 25, 2016 8:21pm
Quoting emmanuel7788
{quote} Hi AlexB, I have the same pairs in my watchlist. EURGBP is a special pair with its small trading range and biggest pip$value. About the use of support and resistance, I think this is an important topic for TMS traders as I received several PMs on this over the past weeks. To keep our charts clutter free and also consistent with what Big E taught us, we simply use the price Round Number as our price grids on our TMS trading charts. I no longer use the daily and weekly pivots because by looking at previous price action PPA and around the BRN...

im already selling eurgbp on m30 *fingers crossed*
  • #71,452
  • Sep 25, 2016 8:31pm Sep 25, 2016 8:31pm
Quoting kain775
{quote} im already selling eurgbp on m30 *fingers crossed*


it can fill to 0.8625 ... with "hidden gems"
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,453
  • Sep 25, 2016 9:38pm Sep 25, 2016 9:38pm
Quoting emmanuel7788
Week 39 Sep 26 to 30: I love this week because it is Month end candle and also a full 5-day Week which also means a Weekly candle open and close. Having done our Big Picture Plan last night with some of you folks, USDCAD will be our bigger challenge to trade H4 this week. We can buy and sell this week. I am chasing buys at 1.3150 until it fades and maybe it turns around on H4 swing this week. Good Trading Folks!
Hi Emmanuel,

It works perfect and exact what I want.

Thank you
  • #71,454
  • Sep 25, 2016 10:44pm Sep 25, 2016 10:44pm
Quoting emmanuel7788
Have Good Trading week, make some money.
You have no idea how much do I appreciate your help... I'll take a look with this new info. Always a new thing learned at day, thanks a lot Em
  • #71,455
  • Sep 25, 2016 11:28pm Sep 25, 2016 11:28pm
Hi All,
On which page i can download all related the indicators, it seems the indicators on 1st page is not updated.
Thank you very much
  • #71,456
  • Sep 26, 2016 1:48am Sep 26, 2016 1:48am
Quoting inmon
Hi, Anyone can help me set width of Synergy_APB bar to 5? the default one is 3 and it is too small for me. I tried to change to 5 and save but reopen then it comeback 3. Thank you
Here you go (hardcode 5)
Attached File(s)
File Type: ex4 Synergy_APB.ex4   12 KB | 417 downloads
  • #71,457
  • Sep 26, 2016 2:10am Sep 26, 2016 2:10am
Quoting emmanuel7788
{quote} Hi AlexB, I have the same pairs in my watchlist. EURGBP is a special pair with its small trading range and biggest pip$value. About the use of support and resistance, I think this is an important topic for TMS traders as I received several PMs on this over the past weeks. To keep our charts clutter free and also consistent with what Big E taught us, we simply use the price Round Number as our price grids on our TMS trading charts. I no longer use the daily and weekly pivots because by looking at previous price action PPA and around the BRN...
Hi Emmanuel7788
I have found very helpful 'Shi-channel' indicator. did you tried it? do you have any thoughts about it? Thanks for your help.
Attached File(s)
File Type: ex4 shi-channel.ex4   9 KB | 375 downloads
  • #71,458
  • Sep 26, 2016 2:19am Sep 26, 2016 2:19am
Quoting Sielik
{quote} Hi Emmanuel7788 I have found very helpful 'Shi-channel' indicator. did you tried it? do you have any thoughts about it? Thanks for your help. {file}
nothing new under the sun
  • #71,459
  • Sep 26, 2016 2:22am Sep 26, 2016 2:22am
Quoting Sielik
{quote} Hi Emmanuel7788 I have found very helpful 'Shi-channel' indicator. did you tried it? do you have any thoughts about it? Thanks for your help. {file}
He doesn't like repainting stuff. Search keyword "channel" in his postings and see how he's negative on your stuff. (By the way, past Lastingwell used to use SHI channel.)
If you are interested in channel stuff, why don't you try search with 'heart line' which introduced by Phx62... TheScorpS is still using that channel if I remember correctly.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #71,460
  • Sep 26, 2016 2:24am Sep 26, 2016 2:24am
Quoting leescofield
{quote} nothing new under the sun
Hi M8
I am not telling is something new - I dont try to be smart here. I am asking as I have not enough experience with the TMS system. Can the indicator be helpful or maybe misleading?
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