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Trading Made Simple

  • #75,301
  • Jan 30, 2017 7:16am Jan 30, 2017 7:16am
Did anybody noticed the sudden drop in EURJPY? Grabbed quick 80pips and got exit. greed always destroys my gains
  • #75,302
  • Jan 30, 2017 7:33am Jan 30, 2017 7:33am
Quoting emmanuel7788
Tomorrow is big day for trading JPY pairs with the Bank of Japan BOJ policy statement. Can you trade without any preparation and have a trade plan?
Hi big em ,what is your trade plan? teach us please .how you prepare before news or after news .what you consider ? how you decide to enter or go sideline?
Say something meaningful or Silence!!
  • #75,303
  • Jan 30, 2017 7:42am Jan 30, 2017 7:42am
Quoting emmanuel7788
{quote} hi Quyguan, that is a very well coded Ea by Seller9. If only it can recognise consolidation using price bar patterns, then many of those trade setups within consolidation and narrow range market can be filter-out and then only the winning rate will be above 65%. the other feature that need to be coded into that EA is the money management and entry and exit strategy with scale-in and scale-out functions. anyone want to take up this challenge to re-code the EA?
Do we have source code ?
I can have look and try to re-code with MC candle formation & out of VB band on TDI.
  • #75,304
  • Jan 30, 2017 9:24am Jan 30, 2017 9:24am
a quick 40 pips rn to brn, good momentum, tdi cross h1 h4, right side of 200ema
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH1.png Size: 77 KB
  • #75,305
  • Jan 30, 2017 9:45am Jan 30, 2017 9:45am
Quoting Scrambleguy
a quick 40 pips rn to brn, good momentum, tdi cross h1 h4, right side of 200ema {image}
nice trade! great .. thanks
It's in fear when people show what they truly value.
  • #75,306
  • Jan 30, 2017 10:25am Jan 30, 2017 10:25am
Quoting inforserve
{quote} Do we have source code ? I can have look and try to re-code with MC candle formation & out of VB band on TDI.
Only Seller9 has the mlq4 file I think, you may have to ask him but I think he abandoned the project when he released the final V1.10.
  • #75,307
  • Jan 30, 2017 11:29am Jan 30, 2017 11:29am
Quoting emmanuel7788
EURUSD H4 trade closed Jan 30. that EU H4 setup fell fast after the Italian bond release. EURUSD Jan 30 LO H4 trade closed.png;2162752 {image}
That is about a good a set up as can be had with TMS.

Quoting quyquan
Hi Guys, This is my own experience only and my experience with TMS and following BigE's trading rules on every trade is only 40% win ratio and I did loose more than I took in, perhaps due to me inexperience maybe at the time, as like any new trader I was very aggressive and wanted to make money quick, I traded everything with a TDIx and within 2nd APB candle withing TDI range and Stoch confirm, H1,H4,D1, you name it, Exit on Flat/Cross/Hook, Now after I was getting owned by the market, I learnt inorder to be profitable I needed to learn how not...
A 40% win rate is enough to be profitable. Your issue is trade management.

Quoting emmanuel7788
Tomorrow is big day for trading JPY pairs with the Bank of Japan BOJ policy statement. Can you trade without any preparation and have a trade plan?
I am still holding my NJ shorts.
If you are good at something, never do it for free--Joker
  • #75,308
  • Jan 30, 2017 11:51am Jan 30, 2017 11:51am
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADH1.png Size: 31 KB
If you afraid dont do, if you doing dont afraid.
  • #75,309
  • Jan 30, 2017 11:58am Jan 30, 2017 11:58am
[quote=jmn5611;9499495]{quote} That is about a good a set up as can be had with TMS. {quote} Your right. very nice trade.
It's in fear when people show what they truly value.
  • #75,310
  • Jan 30, 2017 1:06pm Jan 30, 2017 1:06pm
Quoting jmn5611
Years have passed and the argument rages on. BigE did discuss price action. But if I were trying to learn his method I would stay with just the pairs that he traded, on the time frame that he traded. I think it would help the newer traders find the trades that work best if we did discuss price action a bit more. The TDI is a trigger that let Big E know a certain kind of price action was occurring. He did not take every signal. {quote} I agree with you on probability. It might help the newcomers to define it. Big E had a lot intuitive knowledge that...
I had been out the entire weekend and havent read your above post. Thank you for the PA insight. You are completely right, actually PA is very new in me and lacks knowledge, I have always traded in mechanical systems, so possibly I enter wrong in every trade. I try to analise every pattern, resistance, support, trenline, fibos, but still do not manage to read the Market correctly.

Let see if I can retain anything in this big head I have.

Thank you again for your consideration in newbies.

Regards,
  • #75,311
  • Jan 30, 2017 1:18pm Jan 30, 2017 1:18pm
Quoting Tortilla
{quote} I had been out the entire weekend and havent read your above post. Thank you for the PA insight. You are completely right, actually PA is very new in me and lacks knowledge, I have always traded in mechanical systems, so possibly I enter wrong in every trade. I try to analise every pattern, resistance, support, trenline, fibos, but still do not manage to read the Market correctly. Let see if I can retain anything in this big head I have. Thank you again for your consideration in newbies. Regards,
Big E had a purpose. I believe he knew he was terminal. I believe that he knew he did not have time to teach you candles. That is a lot of work, so he put you on HA bars with a strict parameter. Just do it like Big E said. Any failed trades we will discuss. Emm...since you have ruled this thread for a long time, I ask your permission on this.

Quoting facebreaker
{image}
I can't understand your chart. Is this TMS?
If you are good at something, never do it for free--Joker
  • #75,312
  • Edited 2:24pm Jan 30, 2017 2:11pm | Edited 2:24pm
Quoting Sesamstrasse
{quote} Hello Sir ! You bring a lot of negativity to this place.. Please look for another place to post this shit . Thanks in advance . Kind regards Guido
Do you mean this Sesamstrasse
a lot of hindsight trading
Attached Image (click to enlarge)
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  • #75,313
  • Jan 30, 2017 2:16pm Jan 30, 2017 2:16pm
Yes, but with Synergy Pro Volatility. Сonsidered in the scale, do your patterns
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 22 KB
If you afraid dont do, if you doing dont afraid.
  • #75,314
  • Edited 2:32pm Jan 30, 2017 2:17pm | Edited 2:32pm
Quoting jmn5611
{quote} I can't understand your chart. Is this TMS?
That is TDI on Anabolic steroids
  • #75,315
  • Edited 3:12pm Jan 30, 2017 2:18pm | Edited 3:12pm
Quoting jmn5611
{quote} That is about a good a set up as can be had with TMS. {quote} A 40% win rate is enough to be profitable. Your issue is trade management. {quote} I am still holding my NJ shorts.
Hi Jimn5611

Are you still holding on USD/JPY trade ?

1.Do you only exit the trade when it's hook over , flat or end of New York session like Big E said. ?
2.When you mention about trade management, Do you mean R:R ratio ( Risk : Return ) ?
3. Can you elaborate reasons why you choose USD/JPY except APB candles formation ?

I choose this since it's down trend with failed twice to break current resistance and gradual weakness on bull side with sudden bear side strength as sold down side bear candle .


Regarding NZD/JPY trade, even though it's was slightly up trend on D1 and W1, I could see the resistance near by.
Did you also take consideration these as well when you select this trade? or you only look left side of resistance on H4 TF ?

Thanks in advance.
  • #75,316
  • Jan 30, 2017 2:23pm Jan 30, 2017 2:23pm
Quoting facebreaker
{image}
Facebreaker
there is nothing wrong with that TDI. The sub-window is to large and distorted TDI out of shape

Right click on chart and look for auto arrange or ctrl+A. If that does not work post a fresh chart for more guidance.
  • #75,317
  • Jan 30, 2017 2:37pm Jan 30, 2017 2:37pm
Sorry. I speak English a little bit. If the stretch, it is easier to identify. Blue - its a power. You can make it to anoter window.
If you afraid dont do, if you doing dont afraid.
  • #75,318
  • Jan 30, 2017 2:52pm Jan 30, 2017 2:52pm
Quoting hiran071
Did anybody noticed the sudden drop in EURJPY? Grabbed quick 80pips and got exit. greed always destroys my gains
It was not sudden.
It's in fear when people show what they truly value.
  • #75,319
  • Edited 3:51pm Jan 30, 2017 3:33pm | Edited 3:51pm
Provided that we see every hour that we make in each case. We use simple rules.
Attached Image (click to enlarge)
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If you afraid dont do, if you doing dont afraid.
  • #75,320
  • Jan 30, 2017 4:49pm Jan 30, 2017 4:49pm
Quoting Maule
{quote} Here's a little proof. Live Trade entered on the EUR/USD 4H. Used Price Action to get an expectation on where the market is heading then used the TDI for confirmation. (Most times i'd enter long before the TDI crosses because Price Action is fast, TDI Lags). That guy is a genius. He's good at "dumbing down" the explanations so even a child can understand how to read Price Action. {image}
Update on EUR/USD 4H trade. SL got hit by that big ugly red candle. (I'm like wtf you came out from???)
Re-entered long. Sticking to Price Action expectation. Will check back tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-01-30 (9).png Size: 150 KB
Play the hand you were dealt.
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