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Trading Made Simple

  • #73,401
  • Nov 17, 2016 3:43am Nov 17, 2016 3:43am
Quoting Maule
{quote} Started to loose momentum so closed for 30 pips W1 in up trend Up coming News {image}
Re-entered on H4 in reversal after news
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Play the hand you were dealt.
  • #73,402
  • Nov 17, 2016 4:20am Nov 17, 2016 4:20am
Quoting Maule
{quote} Started to loose momentum so closed for 30 pips W1 in up trend Up coming News {image}
Hi Maule, just a quick question about your chart layout if you wouldn't mind .... Like you I have the news calendar window but would also like it to appear on the right scale. I've tried to change settings but nothing has worked. Please can you tell me which setting to change? Many thanks.
All for one and one for all
  • #73,403
  • Nov 17, 2016 4:34am Nov 17, 2016 4:34am
Quoting cvgreen46
{quote} Thank you pabuuu, buttons are brilliant ... fast, less demand on CPU, and template loads quickly on startup. I never new I could get so excited about buttons!!

well its not my indi, just saw it being used in another thread so just borrowed it because of its functionality
The only thing that will make us successful is if we can control ourselves!
  • #73,404
  • Nov 17, 2016 4:35am Nov 17, 2016 4:35am
Quoting Maule
{quote} Re-entered on H4 in reversal after news {image} {image}
I am a newbie, so my opinion has to be taken considering it
I think it could be a consolidation. In fact in the tf 1w, tehre is a MC with 6 ib and also in the tf 1D there are two mother candle with inside bar
I personally think it indicates mostly short, and to enter long I would wait at least the breakout of the 1d mother candle ( teh confirmation of the inside bar ), paying attention to the range established by the mother candle in the 1w

I am learning, so if I am missing something or if my thought is incorrect, I would be happy to get your comment
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  • #73,405
  • Nov 17, 2016 5:27am Nov 17, 2016 5:27am
Quoting Eldero
{quote} I am a newbie, so my opinion has to be taken considering it I think it could be a consolidation. In fact in the tf 1w, tehre is a MC with 6 ib and also in the tf 1D there are two mother candle with inside bar I personally think it indicates mostly short, and to enter long I would wait at least the breakout of the 1d mother candle ( teh confirmation of the inside bar ), paying attention to the range established by the mother candle in the 1w I am learning, so if I am missing something or if my thought is incorrect, I would be happy to get...

why not just wait for the breakout in any direction short or long?
  • #73,406
  • Nov 17, 2016 6:19am Nov 17, 2016 6:19am
Quoting bistolis
{quote} why not just wait for the breakout in any direction short or long?
also wrong time to look for trades on D1 chart tiemframe.

there are other pairs with H1 and H4 trade opportunities.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,407
  • Nov 17, 2016 6:53am Nov 17, 2016 6:53am
Quoting cvgreen46
{quote} Hi Maule, just a quick question about your chart layout if you wouldn't mind .... Like you I have the news calendar window but would also like it to appear on the right scale. I've tried to change settings but nothing has worked. Please can you tell me which setting to change? Many thanks.
Sure. I had that same problem. Found the Solution on Post# 20

Quote
You can now align to the bottom corners using (HorizAlign, VertAlign)

Top Left = (1,1)

Top Middle = (0,1)
Top Right = (-1,1)
Bottom Left = (1,-1)
Bottom Middle = (0,-1)
Bottom Right = (-1,-1)

The settings I'm using are
HorizAlign = -1
VertAlign = -1

Hope this helps.
Play the hand you were dealt.
  • #73,408
  • Nov 17, 2016 7:34am Nov 17, 2016 7:34am
Quoting PackRat22
{quote} Hi Tampa, I had this spreadsheet I used for ME which may help you. It is currently set up for Initial Entry plus 2 x when going your way and further 2 when price retraces @ 10 pip intervals If price continues your direction you will have at least 0.6% Risk if it doesn't go back and pick up limit orders. If you found that 70% or more trades dont go against you then you could consider higher initial risk. Still have to manually change Pip value to suit your currency {file}
Thanks!
Successful people do what unsuccessful people are not willing to do
  • #73,409
  • Nov 17, 2016 8:00am Nov 17, 2016 8:00am
NU H4 trade....
Attached Image (click to enlarge)
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Winners Never Quit, Quitters Never Win
  • #73,410
  • Nov 17, 2016 8:04am Nov 17, 2016 8:04am
Hello, i am new here,please could u help me,i dont know why i cant see all images with replies what people send....Thx u and sorry for my english:-)))
  • #73,411
  • Nov 17, 2016 8:10am Nov 17, 2016 8:10am
Quoting emmanuel7788
{quote} note: support become resistance .......Look at the real price bars over the APB candles or be like Big E, he checks the normal candle chart to see the market condition. {image}
Hi emmanuel7788! you're a great teacher indeed .
UJ update....
Attached Image (click to enlarge)
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Late entry but the angle was looking good so i entered....
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Winners Never Quit, Quitters Never Win
  • #73,412
  • Nov 17, 2016 8:16am Nov 17, 2016 8:16am
Quoting Maule
{quote} Sure. I had that same problem. Found the Solution on Post# 20 {quote} The settings I'm using are HorizAlign = -1 VertAlign = -1 Hope this helps.
Perfect Maule, thank you.
All for one and one for all
  • #73,413
  • Nov 17, 2016 9:33am Nov 17, 2016 9:33am
Quoting emmanuel7788
{quote} Hi Brian, You can enter the trade once the setup is confirmed on your D1 chart and a new D1 candle opens if you are making a single entry trade. My new D1 candle opens when Sydney opens, which is 2 hours before Tokyo market session opens. You must take note of the currency pair you trade on D1 chart, some pairs move during the Asian session (Sydney-Tokyo sessions). Most of the pairs do not move so much during the Asian session due to the much lower liquidity compared to the higher liquidity in London and NY market sessions. Read these 2...
We never know there will be a pull back or not.
So I will properly choose to enter the trade once the signal appear,
and set a stop loss on previous candle's high/low

Hope this a a possible answer.
Thanks
  • #73,414
  • Nov 17, 2016 11:01am Nov 17, 2016 11:01am
EURUSD - H1
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  • #73,415
  • Nov 17, 2016 12:58pm Nov 17, 2016 12:58pm
Hi Emmanuel,

I am reading the historical threads about MEME. I noticed in different charts you used different options. For eg, let's say a basket opened 3 trades, i can see different possible strategy.

1. Exit ME1 and ME2 in BE, then let ME3 run, using M15 TDI cross as exit.
2. Exit ME1 and ME2 in BE, then let ME3 run, using TSL only.
3. Exit ME1, ME2 and ME3 together, with average entry price got 0.5ADR profit

Wonder if you chose it based on market condition and psychology. Or you stick to one method sometime, then turn to another for different thinking.

muyir
Trade your belief, trade like Emmanuel
  • #73,416
  • Nov 17, 2016 4:42pm Nov 17, 2016 4:42pm
Quoting muyir
Hi Emmanuel, I am reading the historical threads about MEME. I noticed in different charts you used different options. For eg, let's say a basket opened 3 trades, i can see different possible strategy. 1. Exit ME1 and ME2 in BE, then let ME3 run, using M15 TDI cross as exit. 2. Exit ME1 and ME2 in BE, then let ME3 run, using TSL only. 3. Exit ME1, ME2 and ME3 together, with average entry price got 0.5ADR profit Wonder if you chose it based on market condition and psychology. Or you stick to one method sometime, then turn to another for different...

Hi,

Only exit strategy 1) and 3) and they are always based on the market conditions and equity health.
The trader must manage his/her trading psychology to make his/her way of trading.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,417
  • Nov 17, 2016 4:44pm Nov 17, 2016 4:44pm
USDCAD made a big rebound from 1.3400.

H4 show a good slope and D1 a nice PA setup.


Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,418
  • Nov 17, 2016 4:57pm Nov 17, 2016 4:57pm
Quoting rb077msk
EURUSD - H1 {image}
very good pick of this currency pair - many TMS traders on D1 chart favourite pick after the US elections.

its one of the PLAN, BUILD and RUN pairs on D1 chart.

RUN = when PA breaks below Oct MN Low.... CONTINUATION


Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,419
  • Nov 17, 2016 5:17pm Nov 17, 2016 5:17pm
Quoting brian661
{quote} We never know there will be a pull back or not. So I will properly choose to enter the trade once the signal appear, and set a stop loss on previous candle's high/low Hope this a a possible answer. Thanks

Hi Brian,

Every answer is possible.
Many newbies TMS traders are thinking of the reversal setup and looking at entry on APB#1 and APB#2. This is correct but also cause these newbies traders to suffer more losing trades than winning trades. Newbies traders are always thinking to catch the 'trend' trade at the beginning of the trend. Why?

We need to look different scenarios and the market price action.
How many different types of 'reversals' on the D1 chart? 2 bars reversal, 3-bars reversal, 4 bars reversal, 5 bars reversal?
What about consolidation breakout setups?

The finer art of trading is in the entries and exits.

Do back-testing from 2010 to 2016 and look back to all all D1 charts of Big E' the 8 currency pairs. Count the number of trade opportunities there were in each year and the number of pips per price swing using the 5EMA Typical Price,Shift+3. Study carefully where the entry and where the initial stop loss should be for every 'reversal' type setups.

You will learn if by placing your initial SL above/below the previous price bar/candle will be technically effective.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,420
  • Nov 17, 2016 5:22pm Nov 17, 2016 5:22pm
Quoting hsn100
{quote} Hi emmanuel7788! you're a great teacher indeed . UJ update.... {image} Late entry but the angle was looking good so i entered.... {image}

Hi HSN,

I am not a teacher but I do have a great teacher anyone can have.
My great teacher taught me many things about the market.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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