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Trading Made Simple

  • #71,821
  • Edited 8:19am Oct 5, 2016 7:32am | Edited 8:19am
Quoting emmanuel7788
{quote} Hi v2vboni, Be careful of fake screenshots MT4 account statements which do not tell you the complete story. Don't say I did not warn you. I have been following your activity in FF because I am also very interested in coding since my young days. I am 62 years old and still actively do some basic coding myself. You are creative in your recent tools shared in FF. My suggestion is to start look into coding of order processing in MT4 or MT5. Once you know how the MT4/MT5 handle their trade orders, you can work on coding a trade manager to help...
hello Em,

Thank you for your compliment and recommendations. Maybe I would do these things someday once I have that skill or more knowledge in MQL 4 development.

But now, this time I think... I am finally done with postings here at FF. I'll just lurk around

By the way, 60's is the new young.... quoting one of my unsung heroes back home in my country, "Age doesn't matter, as long as matter doesn't age" - by Carlos P. Romulo .....

kindest regards
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #71,822
  • Oct 5, 2016 7:36am Oct 5, 2016 7:36am
Quoting emmanuel7788
{quote} shit. I have to say sorry again here. I promise no more extra indicator. I'll post only TMS template.
Hilarious banter..
It's in fear when people show what they truly value.
  • #71,823
  • Oct 5, 2016 8:04am Oct 5, 2016 8:04am
Hello.

I started reading this thread a few weeks ago and I honestly quit the middle after page 100something and kept reading at the current posts(too many pages really to dig in through all of them)
I love this method and made it my first attempt to trade using this, and I like my results so far. Although I am a complete newbie I managed a fair 5% return on my first month of trading daily.
Anyway I am still making many mistakes and try to learn from the losses and wins.
Living in Europe I guess it makes me lucky to have Germany and London open early in the morning, and I was wondering if there is any trading group near my timezone.
Emm I send you a private message and I guess you are busy and havent replied yet. no worries.

regards
  • #71,824
  • Oct 5, 2016 8:08am Oct 5, 2016 8:08am
Quoting emmanuel7788
{quote} ATR= Average True Range You will find the ATR as standard indicator in your trading platform. {image} learn it at this website: http://forex-indicators.net/volatility-indicators/atr
 
Thank you once again for your willingness to help. Really appreciate that. 
  • #71,825
  • Oct 5, 2016 8:24am Oct 5, 2016 8:24am
Quoting emmanuel7788
had some fun yesterday trading the Aussie RBA Rate candle. Instead of my usual 2 standard lots, I made multiple entries with smaller lots and also using stop and limit orders to catch the RBA hour spikes. This way, I can report +350pips profits with smaller lots. But the overall $profit is the same. MT4 report will show high win rate using every trade exit to calculate the win/loss rate. To me that means nothing. The money in R Multiple means more in my trading system performance using Dr Van Tharp principles. {image}
wow nice Emmanuel!, your charts are inspiring. Way better than mine:
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.PNG Size: 53 KB


Got in in nice entries based on small retracements, but no patience to let proffits run... Must train my psychological.
  • #71,826
  • Oct 5, 2016 8:52am Oct 5, 2016 8:52am
Quoting snarlyjack
2scoops, Goodmorning! You have to remember that eelfranz trades standard account, which is $10.00 per point. So a 15 point retracement is $150.00 . Eelfranz is also concerned with protecting his profits. Me on the other hand trade a mini account, which is $1.00 per point. So a 15 point retracement is $15.00 . I'am not nearly as concerned protecting $15.00 profits and am willing to let it thrash around alot more. When I say I made $100.00 last night you have to keep in mind that Eelfranz made $1000.00 Also, keep in mind that I set my trades at night...


Hi
can you please guide me how many lots are opened at a time
thanks
  • #71,827
  • Oct 5, 2016 9:03am Oct 5, 2016 9:03am
Quoting Tekkies
{quote} kokopelli that chart i posted is emm's posted chart. I only edited it to show the two arrow's / lines. Post your chart's to show us why you say there is a difference. RSI_Period = 13 (your post is 10) RSI Price = PRICE_CLOSE (your post typical) Volatility Band = 34 RSI Signal Period = 2 (your post is 5) RSI Signal Mode = MODE_SMA (your post is exponential) Trade Signal Period = 7 Trade Signal Mode = MODE_SMA;
Hello thank you for your reply.
I understand now why my chart is different.
I used the setting from the post#59,624
  • #71,828
  • Oct 5, 2016 10:25am Oct 5, 2016 10:25am
Quoting emmanuel7788
{quote} Hi Fbps, your H4 charts shows clearly a TMS H4 setup candle. so that is a valid setup. {image} usually when you see a potential H4 setup (potential meaning the H4 candle has not close ) then in the lower timeframe H1, mostly likely the H1 setup already happened and you will see if that is the 3rd or 4th H1 candles which will from the H4 candle. Most of the time when I enter a H4 trade and it is APB#1, there setup entry in H1 either the 3rd APB or 4th APB. To be able to trade this way, you have to be prepared with a trade plan and already...
No disrespect, Emm, but look at that H4 candle. It does not look like the kind of APB/bar that shows momentum is on our side. Look at the wick. It does not look like a convincing bearish candle to me. The close is far away from the low of the candle. Do we take these kind of candles?
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  • #71,829
  • Oct 5, 2016 11:32am Oct 5, 2016 11:32am
Quoting catalin_eros
{quote} No disrespect, Emm, but look at that H4 candle. It does not look like the kind of APB/bar that shows momentum is on our side. Look at the wick. It does not look like a convincing bearish candle to me. The close is far away from the low of the candle. Do we take these kind of candles? {image}
Emm had already had his bottom tand.
If you look at the chart posted he took the trade because green cross yellow and red. I think also that gross is referred as the "golden cross" or it can be a A+++. Little bit confused. BigE has removed all lines except green/red. Emm use yellow, with what BigE said if yellow gives you confidence use it
  • #71,830
  • Oct 5, 2016 12:56pm Oct 5, 2016 12:56pm
Quoting Tekkies
{quote} Emm had already had his bottom tand. If you look at the chart posted he took the trade because green cross yellow and red. I think also that gross is referred as the "golden cross" or it can be a A+++. Little bit confused. BigE has removed all lines except green/red. Emm use yellow, with what BigE said if yellow gives you confidence use it
Number one is PA, then comes TDI as confirmation. And that candle is not showing bear power, from my point of view.
  • #71,831
  • Oct 5, 2016 1:41pm Oct 5, 2016 1:41pm
Quoting catalin_eros
{quote} Number one is PA, then comes TDI as confirmation. And that candle is not showing bear power, from my point of view.
"The key to this method is the Traders Dynamic Index indicator for entries and exits. I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else." post#1

To me it means TDI cross is first then you use various posts like #6, #11, #52, #121, #123, #............... (which is basically prize action) do determine if cross is valued
  • #71,832
  • Oct 5, 2016 2:08pm Oct 5, 2016 2:08pm
Quoting Tekkies
{quote} "The key to this method is the Traders Dynamic Index indicator for entries and exits. I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else." post#1 To me it means TDI cross is first then you use various posts like #6, #11, #52, #121, #123, #............... (which is basically prize action) do determine if cross is valued
Emm said he learnt from X-Man, and to X-Man, the PA was number 1, and TDI was the confirmation of what price was telling him. From my point of view, PA comes first. ALWAYS. Indicators follow price, not the other way around.
  • #71,833
  • Oct 5, 2016 2:32pm Oct 5, 2016 2:32pm
Quoting catalin_eros
{quote} Emm said he learnt from X-Man, and to X-Man, the PA was number 1, and TDI was the confirmation of what price was telling him. From my point of view, PA comes first. ALWAYS. Indicators follow price, not the other way around.
If you want to state it like that then this is BigE's forum and for BigE TDI come first.

NOT A OTHER FIGHT PLEAS. Can we discuss the chart that caused this.
  • #71,834
  • Oct 5, 2016 2:45pm Oct 5, 2016 2:45pm
Quoting catalin_eros
{quote} No disrespect, Emm, but look at that H4 candle. It does not look like the kind of APB/bar that shows momentum is on our side. Look at the wick. It does not look like a convincing bearish candle to me. The close is far away from the low of the candle. Do we take these kind of candles? {image}
Hi,

No worries. I don't see any disrespect in your post. I am not here to look for people's respect and for people to massage my ego. Questioning is good is way to learn.
Matter of fact I like such kind of post where members look into small details and they will learn more doing it this way.
Just by looking at your H4 chart template used, that H4 you pointed out shows long lower wick and you can interpret that as weak APB hence there are risks.
With your chart template you would be selling into the guppy MAs and you have to decided using Guppy rules. I dont use the guppy MAs.
I start my trading day looking at D1 chart. The HTF PA and TDI was last Friday.

regards
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,835
  • Oct 5, 2016 2:52pm Oct 5, 2016 2:52pm
Quoting emmanuel7788
{quote} EURGBP Oct 5 H1 trading; Look at that H1 WRB yestreday and use that for trade management and decision. If market corrects itself after the breakout yesterday, there will be limit and stops orders somewhere and we retail traders cannot see the orders. the smart money knows the orders and they will fill those orders. for advance TMS traders, they would use this information in a way to their advantage. the D1 direction is quite clear. so sellers need to cut their losses. {image}


EURGBP just did a correction into that area shown in my post above. No reversal so don't get euphoric and start selling.

No chart now, my son is waiting for me and we are going out for our morning run now to see the great ocean and get some fresh air.

Back later... when Tokyo opens.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,836
  • Oct 5, 2016 2:52pm Oct 5, 2016 2:52pm
Quoting Tekkies
{quote} If you want to state it like that then this is BigE's forum and for BigE TDI come first. NOT A OTHER FIGHT PLEAS. Can we discuss the chart that caused this.
Who's fighting? I merely replied to your answers while waiting for Emm's answer. We all know that indicators are lagging. It makes perfect sense to me to look at price first. It's just my view.
  • #71,837
  • Oct 5, 2016 3:01pm Oct 5, 2016 3:01pm
Quoting Tekkies
{quote}NOT A OTHER FIGHT PLEAS. Can we discuss the chart that caused this.
emm I see now and understand how easy a "fight" can develop. Maybe I should jump into the pool and drag catalin with me to cool off.
No hard feelings catalin. I understand what you say and agree with you that an indicator only tell you what happened in the past and would like it very much to discuss this over a cyber cup of coffee but to do it here will confuse newbies if we start to refer to other red flag traders.
  • #71,838
  • Oct 5, 2016 3:14pm Oct 5, 2016 3:14pm
Quoting emmanuel7788
{quote} Hi, No worries. I don't see any disrespect in your post. I am not here to look for people's respect and for people to massage my ego. Questioning is good is way to learn. Matter of fact I like such kind of post where members look into small details and they will learn more doing it this way. Just by looking at your H4 chart template used, that H4 you pointed out shows long lower wick and you can interpret that as weak APB hence there are risks. With your chart template you would be selling into the guppy MAs and you have to decided using...
That's exactly what I am saying: that candle was not strong enough for me to take a sell there. The guppies are not important for this example. I was only interested in that particular candle and the way you chose to trade it, and I did not make any reference towards the guppies probability of rejecting the price.

What about W1? From my point of view, it was not showing bearishness. And you said you are looking at top down charts. So, from your words, if D1 is against W1, we trade H4 according to D1. Is that correct? But then again, in an older post of yours, you say that you follow the W1, not the D1. I don't know where that post is, but I am sure that's what I read. My explanation for looking for shorts would be that on W1 we were knocking on a TL. But you do not seem to take into consideration TLs, so I don't think that would have been your explanation.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDWeekly.png Size: 32 KB

I am just trying to understand your method better, Emm, and I am looking forward for your reply.

P.S.: I'd love seeing more examples from your TOK_5H method. I have already prepared my template for that, and it has your indi on it, with the changed SESSION CLOSE HOUR option from 4 to 5. Thanks for sharing it!
  • #71,839
  • Edited 4:06pm Oct 5, 2016 3:17pm | Edited 4:06pm
Quoting Tekkies
{quote} emm I see now and understand how easy a "fight" can develop. Maybe I should jump into the pool and drag catalin with me to cool off. No hard feelings catalin. I understand what you say and agree with you that an indicator only tell you what happened in the past and would like it very much to discuss this over a cyber cup of coffee but to do it here will confuse newbies if we start to refer to other red flag traders.
As I previously said, I am not fighting. Even as we speak I am in a good mood, I am smiling, I am happy, and I feel no anger or resentment. So no worries, no fights will ever develop here with me. Peace!
  • #71,840
  • Oct 5, 2016 7:21pm Oct 5, 2016 7:21pm
Quoting emmanuel7788
{quote} EURGBP Oct 5 H1 trading; Look at that H1 WRB yestreday and use that for trade management and decision. If market corrects itself after the breakout yesterday, there will be limit and stops orders somewhere and we retail traders cannot see the orders. the smart money knows the orders and they will fill those orders. for advance TMS traders, they would use this information in a way to their advantage. the D1 direction is quite clear. so sellers need to cut their losses. {image}

EURGBP Update Oct 6 Tokyo open:

EG pruice action is at BRN 0.8800. Anything can happen today and tomorrow is NFP day.

When I trade, I do my own Big Picture Planning and make a trade plan. This is how I get ready for trading at the open of the week and every new day.
I read forums but I don'r let what forums discussion influence my own trade plan and trading. I don't become euphoric when I read forums and market analysts make buy/sell calls freely. I know my own trade plan and I simply follow my own trading tasks fully well prepared and with confidence.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 40 Oct5 WRB pullback.png Size: 385 KB


Trade Well and Trade Safe with Stop Loss.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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