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Trading Made Simple

  • #73,301
  • Nov 15, 2016 2:39am Nov 15, 2016 2:39am
erucad i think gap fill today
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  • #73,302
  • Nov 15, 2016 2:40am Nov 15, 2016 2:40am
Emanuel
a.hit 20tp.
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when trade h1 I use 0.25 adr (52) for tp and sl.(i get good result before for tp but not good sl).
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Quoting emmanuel7788
{quote} FO candle was good... breakout of consolidation of the TOK-5H range but its counter trend and resistance above, so grab those pips and run FO=Frankfurt Open
  • #73,303
  • Nov 15, 2016 3:06am Nov 15, 2016 3:06am
Gbp\aud sell h1
Any idea?
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  • #73,304
  • Nov 15, 2016 3:20am Nov 15, 2016 3:20am
eelfranz are is death death?
  • #73,305
  • Nov 15, 2016 3:21am Nov 15, 2016 3:21am
Quoting mortezakh
Gbp\aud sell h1 Any idea? {image}{image}

do you know the ADR-100 days of this pair?

if you trade with fix lot and tight stop loss, you will lose more than you win.

how to handle the volatility of such pairs?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,306
  • Nov 15, 2016 3:30am Nov 15, 2016 3:30am
1.I set my adr in 52 days.and its 205pips
2.Could you please advise me for h1 for tp and sl?
3.i use your style 4 groups of pairs and trade with it.

Quoting emmanuel7788
{quote} do you know the ADR-100 days of this pair? if you trade with fix lot and tight stop loss, you will lose more than you win. how to handle the volatility of such pairs?
  • #73,307
  • Nov 15, 2016 3:35am Nov 15, 2016 3:35am
deleted
  • #73,308
  • Nov 15, 2016 3:55am Nov 15, 2016 3:55am
AJ D1 trade...
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CJ D1 trade....
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EJ D1 trade...
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Winners Never Quit, Quitters Never Win
  • #73,309
  • Nov 15, 2016 4:04am Nov 15, 2016 4:04am
Quote

  1. hsn100

i think now is ur best trade this post methoth i want contact fb oh skype and telegram?
  • #73,310
  • Nov 15, 2016 4:30am Nov 15, 2016 4:30am
Unfortunately yes
Quoting saranga
eelfranz are is death death?
  • #73,311
  • Nov 15, 2016 4:36am Nov 15, 2016 4:36am
Gbpaud Hit tp.but I think not good for scalp in h1
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Quoting mortezakh
Gbp\aud sell h1 Any idea? {image}{image}
  • #73,312
  • Nov 15, 2016 5:27am Nov 15, 2016 5:27am
Quoting hsn100
AJ D1 trade... {image} CJ D1 trade.... {image} EJ D1 trade... {image}
My TDI does not show the bounce on AJ Daily TF? What settings are you using? I'm currently using the Synergy Pro TDI with 10 period.
Successful people do what unsuccessful people are not willing to do
  • #73,313
  • Nov 15, 2016 5:33am Nov 15, 2016 5:33am
Quoting mortezakh
1.I set my adr in 52 days.and its 205pips 2.Could you please advise me for h1 for tp and sl? 3.i use your style 4 groups of pairs and trade with it. {quote}
For H1 intraday trades, I use the average daily range ADR-100 days.
For H4 swing trades, it is average weekly range 52-weeks or ATR(52) W1.

where to place initial Stop Loss?
look at the price action.
if you sell, place your initial SL above the most recent swing high of the reversal.
if it is a breakout of a consolidation, place your SL above the consolidation area high.
the opposite for Buy trades.

For TP, use the average trading range to plan TP.

use the 4 groups and do not overtrade not matter how many setups you see. Maximum 5 trades in 5 different currency pairs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,314
  • Nov 15, 2016 5:38am Nov 15, 2016 5:38am
Quoting TampaFX
{quote} My TDI does not show the bounce on AJ Daily TF? What settings are you using? I'm currently using the Synergy Pro TDI with 10 period.

obviously he use the TDI setting 13, 0,34,2,0,7

you use the setting 10,5,34,3,1,7

for both settings, the Price Action is the same.

pick one one setting and stick to it to be consistent.

it is CONSISTENCY that will determine your success and profitability.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,315
  • Nov 15, 2016 5:44am Nov 15, 2016 5:44am
Quoting emmanuel7788
{quote} do you trade with fixed lot size per trade or do you use %risk of your trading capital with R=initial SL and calculate your Position Size per trade?
Thanks for the response I appreciate your help. I'm working hard at learning the finer points of TMS and now adding on MEME.

I use my mt4 lot size calculator with my overall SL (pips and 1%). If it allows .50 lot size I will divide that into 5 trades at .10 size and .20% risk each. I use a spreadsheet for the calculations per your suggestions, however I need to build the formulas to allow the later trades to be larger assuming the same .20 risk. Depending on the MEME levels I normally won't open 5 levels. On those trades I have thought about planning for 3 levels with larger position sizes.

Example of a current active trade: UJ H4

Entry at 108.00 (closed a previous trade at 108.05 and reopened on a retrace)
SL = 2*ADR100 = 105.80
MEME levels = .36ADR100 (40 Pips)
TP = 108.99 BRN

I'm still unsure of the SL, MEME levels, and TP levels. The have been winning a lot of trades with 1-3 MEME levels. The issue is that the wins are rather small as I had a large SL therefore a small position size.

thanks!
Successful people do what unsuccessful people are not willing to do
  • #73,316
  • Nov 15, 2016 5:49am Nov 15, 2016 5:49am
Quoting emmanuel7788
{quote} obviously he use the TDI setting 13, 0,34,2,0,7 you use the setting 10,5,34,3,1,7 for both settings, the Price Action is the same. pick one one setting and stick to it to be consistent. it is CONSISTENCY that will determine your success and profitability.
That is what I was thinking as well.

Have you done a backtest to determine which settings are more accurate on H4 and Daily TF? I believe you are using the Pro settings so I have been sticking with that for consistency.
Successful people do what unsuccessful people are not willing to do
  • #73,317
  • Nov 15, 2016 7:44am Nov 15, 2016 7:44am
Quoting hsn100
AJ D1 trade... {image} CJ D1 trade.... {image} EJ D1 trade... {image}
nice profit! congratulations
  • #73,318
  • Nov 15, 2016 7:52am Nov 15, 2016 7:52am
Would like to ask a question about trading on Day timeframe.
Should I enter the trader right after the new day candle appear?
As the new candle draw before Tyoko market and Tyoko hours' movement is usually ranging, from my observation.
Thanks in advance
  • #73,319
  • Nov 15, 2016 8:04am Nov 15, 2016 8:04am
Quoting TampaFX
{quote} My TDI does not show the bounce on AJ Daily TF? What settings are you using? I'm currently using the Synergy Pro TDI with 10 period.
Hi TampaFX! i'm using the old version of tdi posted by BigE, whereas most of the traders on this thread are using the tdi realtime version, it all depends on one's own priority. I feel comfortable with old version.
Hope this helps!
Regards,
Winners Never Quit, Quitters Never Win
  • #73,320
  • Nov 15, 2016 8:05am Nov 15, 2016 8:05am
Quoting bistolis
{quote} nice profit! congratulations
thnx a lot bistolis, still learning.
Winners Never Quit, Quitters Never Win
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