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Trading Made Simple

  • #73,541
  • Nov 24, 2016 6:51am Nov 24, 2016 6:51am
Quoting Bita1.314
{quote} Hi just wondering how do you take trade before confirmation? i have a serious problem with when I'm able to enter to the trade thank though
Hi Bita1.314! On Daily charts the trends are more visible, i always try to trade in the direction of trend.
e.g, look at the UJ trade update, so far PA is right in the direction of trend...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 32 KB
Winners Never Quit, Quitters Never Win
  • #73,542
  • Nov 24, 2016 6:53am Nov 24, 2016 6:53am
Quoting marionetka
{quote} Hi, hsn100. I see you have results. But I have a question. For example UJ 4H trade. TDI really has a good slope, but this slope appeared on the last bar and I entered before it. Explain, please. Maybe you use other TF?!
Plz see the above-mentioned post with example. Hope this helps.
Regards
Winners Never Quit, Quitters Never Win
  • #73,543
  • Nov 24, 2016 6:54am Nov 24, 2016 6:54am
Quoting hsn100
{quote} Hi Bita1.314! On Daily charts the trends are more visible, i always try to trade in the direction of trend. e.g, look at the UJ trade update, so far PA is right in the direction of trend... {image}
Thank you for feedback, there is something in your chart which is not part of this system which is sofar I know
I read in the notes when TDI is above 68 do not buy and whn is below 32 do not short
but I see you do not pay attention to this.
Can you explain more?
  • #73,544
  • Edited 7:13am Nov 24, 2016 6:57am | Edited 7:13am
Quoting hsn100
......(NJ)added another position on new H4 candle... {image}
NJ trade update...
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYDaily.png Size: 40 KB


And AJ D1 trade (look at the tdi angle 12-2)...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYDaily.png Size: 40 KB


CHF/JPY D1 trade....
Attached Image (click to enlarge)
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Winners Never Quit, Quitters Never Win
  • #73,545
  • Nov 24, 2016 8:56am Nov 24, 2016 8:56am
Quote
CHF/JPY D1 trade....
tm method using well hsn11
  • #73,546
  • Nov 24, 2016 4:36pm Nov 24, 2016 4:36pm
Looking at GBP/NZD overnight and then GBP/USD tomorrow for TMS signal after top tier GDP data...

Inserted Video
  • #73,547
  • Nov 24, 2016 7:15pm Nov 24, 2016 7:15pm
Quoting marionetka
{quote} Hi, muyir. I am not Emma and not master. But I have a question. Which TF do you use for enter? (D1, H4, H1?) I agree with you about trend down on 3TFs. And after this I look for Enter (H4 chart). I have order AU. But I entered 4 bars ago after touching PPA/SL (4H) and touching 10EMA (D1). It's TMS. Then I began to build a another positions ME/ME. In my opinion, you entered a trend in the hope that trend will down and down. As result you have a big risk because trend can make retracements and you have to hope Sl will not work. {image}
Hi,

The 3 TF I mentioned is MN, W1 and D1, in fact, I mainly consider the trend of W1 and D1. Then, I use D1 for entry while refer to H4 for setup. This is based on the concept Emmanuel mentioned from time to time, and you can find it in the book <Trade for a living> written by Alexander Elder.

I expect AU followed the bearish like previous weeks. It seems not the case this week. Anyway, I do not expect all 5 pairs I chose will run as expected. If I can get 3 correct, that's acceptable. What I struggle is how to get the losing cut loss quickly and smartly.

muyir
Trade your belief, trade like Emmanuel
  • #73,548
  • Nov 25, 2016 4:03am Nov 25, 2016 4:03am
Gbpcad H1
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  • #73,549
  • Nov 25, 2016 4:36am Nov 25, 2016 4:36am
Quoting mortezakh
Gbpcad H1{image}{image}
not good in H4 i think
2% target/Month !
  • #73,550
  • Nov 25, 2016 4:59am Nov 25, 2016 4:59am
In H4 PA upper 5 moving average.actually in H1 I scalp pips
Quoting irvanhidan
{quote} not good in H4 i think
  • #73,551
  • Nov 25, 2016 5:47am Nov 25, 2016 5:47am
Quoting mortezakh
In H4 PA upper 5 moving average.actually in H1 I scalp pips{quote}
im buy if this break out
2% target/Month !
  • #73,552
  • Nov 25, 2016 6:00am Nov 25, 2016 6:00am
Quoting mortezakh
Gbpcad H1{image}{image}
.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADH4.png Size: 46 KB
2% target/Month !
  • #73,553
  • Nov 25, 2016 6:15am Nov 25, 2016 6:15am
I know its against trend and a little dangerous but I will be monitoring closely

Setup and slope is good, tight stop.

GBPJPY has often more then one down candle during bounce back

Attached Image (click to enlarge)
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  • #73,554
  • Nov 25, 2016 6:15am Nov 25, 2016 6:15am
Agree with you
Quoting irvanhidan
{quote} . {image}
  • #73,555
  • Nov 25, 2016 6:46am Nov 25, 2016 6:46am
Quoting bunne
I know its against trend and a little dangerous but I will be monitoring closely Setup and slope is good, tight stop. GBPJPY has often more then one down candle during bounce back {image}
I never understand how traders can take slope / angle into consideration. As soon as you stretch out the chart / zoom in etc. the slope changes accordingly. You want to see a sharp angle after a crossing? Compress the view and there you have your set up for a buy/sell. Or am I missing something here?
  • #73,556
  • Edited 9:44am Nov 25, 2016 7:58am | Edited 9:44am
Quoting BataviaTrade
{quote} I never understand how traders can take slope / angle into consideration. As soon as you stretch out the chart / zoom in etc. the slope changes accordingly. You want to see a sharp angle after a crossing? Compress the view and there you have your set up for a buy/sell. Or am I missing something here?
I hope this image helps
you take the angle comparing to the price action before (or around it if you look at past price action).
compressing the charts doesn't make any difference to what you are looking for( except making it harder for you to spot the cross )
Attached Image (click to enlarge)
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take a look now with HA candles and compare the angles of the green line when it crosses
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which cross would you have taken considering its an 1H chart and the next chart is the daily?
( the period on the 1h chart is marked at the right of the daily)
Attached Image
  • #73,557
  • Nov 25, 2016 11:45am Nov 25, 2016 11:45am
Quoting mortezakh
Gbpcad H1{image}{image}
I closed order on BE
I think I get this position wrong because for big candle and around S/R
  • #73,558
  • Nov 25, 2016 12:14pm Nov 25, 2016 12:14pm
Hi all, I am studying the me/me strategy and I need your help
I am asking to everyone and especially to Emmanuel7788, if the following main points are correct or if I am not in the right direction

1) With me/me we will have multiple entries and multiple exits ( I am sure it is correct )
2) We have to individuate the stop loss and known that, we can calculate each entry dividing the amount we are comfortable to lost per the number of the entries
3) The additional entries will have to be made on the retracements
4) Always we must have clear in mind the average price of our position
I hope the above points are correct. If it is not the case, or if there are additional main points, please let me know

I have several doubts that I hope you can clarify

 

  1. Is there a preferable time frame to use the me/me? Is it the 4h and 1d?

  1. Do the additional entries have to been considered only if we are in gain with the first entry, or it is correct to add entries even if the market goes contrary to our position?

  1. Supposing a chart 4h, is it correct to place the stop loss at the adr 100 ( 1d ) and/or close to the last swing? Supposing we are in a bigger time frame, for ex 1d or a lower time frame for ex, 1h, which parameters we have to consider to place the stop loss?

  1. Concerning the target, should we have a fixed target when entering in the first position or it is enough to verify that there are not closer support/resistance ( with this I mean that there is enough space for a possible gain ), leaving the trade going in the right direction and just moving the stop loss to break even and then in profit as long as the market conditions will allow it?

  1. Should we have different approaches depending on the kind of market? For example, trading range or in strong trend.
  2. Can you give me some suggestions on how should I handle the trade?

  1. How we decide the additional entries? Supposing we are in 4h trade, will we add position if the price retrace the 50% of the adr 100 ( 1D) ? Can we add the position, only if calculating this entry, the average cost would allow us to move the stop loss at break even ( at least )?

  1. There is a limited number of additional entries? Is it 5?

  1. To exit the position, we will close all of them at the same time? Or there are others possibilities? There is a specific way you prefer to exit?


I know they are a lot of questions and I am afraid you have already answered, so if you cannot answer again ok, no problem. I will continue to follow this great thread and step by step I will build my knowledge. Thank you and have a nice weekend to everyone!!

  • #73,559
  • Nov 25, 2016 12:20pm Nov 25, 2016 12:20pm
Quoting Eldero
Hi all, I am studying the me/me strategy and I need your help I am asking to everyone and especially to Emmanuel7788, if the following main points are correct or if I am not in the right direction 1) With me/me we will have multiple entries and multiple exits ( I am sure it is correct ) 2) We have to individuate the stop loss and known that, we can calculate each entry dividing the amount we are comfortable to lost per the number of the entries 3) The additional entries will have to be made on the retracements 4) Always...
I believe emmanuel is on his year break so if you would accept my attempts to answer before he comes back then I will try to do it.?
It's in fear when people show what they truly value.
  • #73,560
  • Nov 25, 2016 12:54pm Nov 25, 2016 12:54pm
Quoting Daniel 777
Looking at GBP/NZD overnight and then GBP/USD tomorrow for TMS signal after top tier GDP data... https://www.youtube.com/watch?v=CnXn9wpCnCI
So your trading TMS but plugging your Zulu signals?
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