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Trading Made Simple

  • #75,541
  • Feb 5, 2017 2:13am Feb 5, 2017 2:13am
Dear inforserve, can you post your template and indicators? Thank you.
  • #75,542
  • Feb 5, 2017 4:39am Feb 5, 2017 4:39am
Emmanuel,is better Tdi or Stochastic for entry signal? Obviosuly PA is the king but one indicator is better than other or are all same?

Thanks
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,543
  • Feb 5, 2017 4:53am Feb 5, 2017 4:53am
Quoting Pretoriano
Emmanuel,is better Tdi or Stochastic for entry signal? Obviosuly PA is the king but one indicator is better than other or are all same? Thanks

neither to be use for entry signal.

Trading made simple is not about trading with indicator as entry signal.

Trading is fun to Big E. Post#557
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,544
  • Feb 5, 2017 5:02am Feb 5, 2017 5:02am
Quoting brian661
Hi emmanuel, I have a question on take profit. If you set a stop loss at, same 50pips, will you set the take profit on 1:2risk, i.e. 100pips? Or just on the next resistance/ support? As I always face the issue that the position is running on the right direction, but suddenly it retrace/ reversal to my break even. The position closed at break even, even sometimes loss if I did not move my stop lose. Thanks in advance.

do not set TP. let the market decide on your TP.
do not set SL at 50pips. use market volatility to determine your SL.

there are different ways to manage your trades according to your exit strategy.
I use R and R-Multiple management for trade exits.
You can consider to use capital protection in your exit strategy.

a lot of other things to consider and it all up to your own knowledge and experience.
keeping it simple is not not easy to do.
many things about trading is not simple as they may seems.
this is very tough business to be in and to make money from the market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,545
  • Feb 5, 2017 5:11am Feb 5, 2017 5:11am
Quoting Sesamstrasse
Hi Emmanuel , may I ask about the risk-calculation and managing : "2.what happens next? you are adding re-entries....how much you risk per entries both on % of account and pips risk? What are you doing when market turns,are you cuuting sl or you just leave when sl is getting hit? When there are 3 or more open trades in one basket, I will close some trades at breakeven and keep one trade running with a profit protection like a trailing stop. re-entries are based on same risk 0.2% per trade. Common to have losing trades in one basket but very few...

account size is important.
in most cases traders trade with small accounts and position sizing with R is not possible and the smallest lot size is 0.01lot.
if you use the same 0.01lot for every ME position in the same basket, it works but not very efficient to grow your trading account.
for traders with large accounts and 1% can allow up to say 5 standard lots, there is another way to use increment in position size for 5 ME trades. This is very effective in growing your trade account.

I trade with non-MT4 platform and I place multiple market, limit and stop orders using scripts.
But in MT4, these orders can be programmed into any trade manager. MT4' mql4 language is easy to learn and to program.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,546
  • Feb 5, 2017 5:14am Feb 5, 2017 5:14am
Quoting emmanuel7788
{quote} Hi, There are many different market scenarios which requires different attention therefore it is not possible to provide generic answers but I will try give some basic answers to your 5 questions. 1.where were you sl and how much you risk in % of account on that first entry? I use volatility based SL for position sizing and technical SL to protect my trading account in case of big moves. Risk per currency pair traded is 1% to 2% max. This is divided into 5 smaller units 0.2% per trade, maximum 5 trades in one basket. Maximum risk is 10%...
Thank you for your kindness and detailed answear!

Regards!
  • #75,547
  • Feb 5, 2017 5:18am Feb 5, 2017 5:18am
Position sizing is important but many traders do not understand this and the difference between trading stock and forex.

http://mechanicalforex.com/2016/08/u...and-forex.html
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,548
  • Feb 5, 2017 5:48am Feb 5, 2017 5:48am
Will we see AUDUSD buy continuation next week?
I have one open position and if market gets choppy between 0.7700 and 0.7810, it will mean opportunity to do scaling in and scaling out positions.
Anyway I have a healthy margin level to play for another week then I decided what to do next.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 06 buy contniuation.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,549
  • Feb 5, 2017 6:49am Feb 5, 2017 6:49am
Emmanuel, It is 10 EMA on your chart?, what kept you out of shorting the Aussie on the flash in the attached chart below?

https://www.screencast.com/t/CZs7IOjKq

Thanks for your great posts, have a happy trading week.
  • #75,550
  • Feb 5, 2017 7:04am Feb 5, 2017 7:04am
Quoting emmanuel7788
{quote} neither to be use for entry signal. Trading made simple is not about trading with indicator as entry signal. Trading is fun to Big E. Post#557
How it works Tdi in these 3778 pages? Is useless?
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,551
  • Feb 5, 2017 7:13am Feb 5, 2017 7:13am
Quoting emmanuel7788
{quote} do not set TP. let the market decide on your TP. do not set SL at 50pips. use market volatility to determine your SL. there are different ways to manage your trades according to your exit strategy. I use R and R-Multiple management for trade exits. You can consider to use capital protection in your exit strategy. a lot of other things to consider and it all up to your own knowledge and experience. keeping it simple is not not easy to do. many things about trading is not simple as they may seems. this is very tough business to be in and to...
Thanks for reply.
I should not use 50pips as example..
Currently I set my stop loss at some pips away from previous resistance / support,
with position sizing of 3% per trade.

And what do market volatility means?
It is determined by some indicator?
  • #75,552
  • Feb 5, 2017 7:27am Feb 5, 2017 7:27am
here is a practical set up for a 20,000 Aus account with a risk of 2% and 1/4 S/L of the ADR 5day..
If you are using multi trades just divide the the lot size by eg 3 or 5 lots divide by 5 so in this case with 5 lots .88/5 = .17

Attached Image

http://www.noafx.com/forex-calculator.php
Attached Image
  • #75,553
  • Feb 5, 2017 10:58am Feb 5, 2017 10:58am
Quoting emmanuel7788
{quote} post a chart with a trade setup and I will explain to you. get some ideas from this post. http://www.forexfactory.com/showthre...49#post6907149

Thanks Emmanuel for reply.
1. I read the summary of your SL methods and feel that ATR (7) / ATR(10) method is more simple to implement.
2. I also read Big E's method of SL, where he says that he puts the SL at high of low 2 candles away - but did not understand if these are PA candles or HA candles.
3. In the attached screenshot, the red lines are where I took the entry. Could you please tell me where I should have placed my SL.

Thanks and Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 54 KB
  • #75,554
  • Feb 5, 2017 11:33am Feb 5, 2017 11:33am
Quoting emmanuel7788
{quote} post a chart with a trade setup and I will explain to you
Hi all, Sharing my BPP for the chosen pair, EURGBP. Comments always welcomed!
Hi Emm, Please see this, would require your comments as well.

Will post my ME/ME trading once the week commences.
Thanks all! Have a great trading week ahead!
Attached File(s)
File Type: docx EURGBP - Week 6, Feb 2017.docx   185 KB | 388 downloads
Godwithus
  • #75,555
  • Feb 5, 2017 2:54pm Feb 5, 2017 2:54pm
Quoting xenol
Dear inforserve, can you post your template and indicators? Thank you.
Hi Xenol

I do not use any particular template.
Please find attached indicators.

Cheers;
Attached File(s)
File Type: ex4 Synergy_Pro_TDI.ex4   14 KB | 358 downloads
File Type: ex4 Synergy_Pro_APB.ex4   7 KB | 359 downloads
  • #75,556
  • Feb 5, 2017 3:28pm Feb 5, 2017 3:28pm
Quoting Pretoriano
Emmanuel,is better Tdi or Stochastic for entry signal? Obviosuly PA is the king but one indicator is better than other or are all same? Thanks
Pretoriano

from post#1
a. key to method is Traders Dynamic Index (TDI) indicator for entries and exits.
b. Use Stochastics (8,3,3) indicator and ONLY used to confirm direction. Nothing else.
from post#2
a. the TDI showing your entry set ups... green crossing red enter on that new PA candle.
from post#115
a. A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side).
b. bounce trade is when green gets close to red but bounces away and the original trade continues are good entries generally

Download BigE full.pdf. All the informatation you need to Trade the TDI is in that pdf.
Start at post#1. Spent time with BigE in front of a computer and learn directly from him.
Keep it simple.
  • #75,557
  • Feb 5, 2017 7:11pm Feb 5, 2017 7:11pm
Quoting Pretoriano
{quote} How it works Tdi in these 3778 pages? Is useless?
@Pretoriano,

Following your recent string of questions,
You don't need to read 3778 pages if you don't want to.
But reading 3778 pages of posts you will learn many things.
Not all the things you learn will help you in becoming a trader.
In fact, many things you learn from these 3778 pages are things which traders must not do.

Your question: How this TDI works?
Simply, the TDI work using the RSI data. It is different period of moving average applied to the RSI data.
To understand how the TDI work, you need to know the RSI and Moving Averages.
One of the problem is there are so many different coded versions of the TDI and with different parameters.
Keep it simple does not mean you pick one and use it blindly and trade with hard-earned money.
You must test it in live market and learn from what the market will teach you.
The market is the only teacher for people who wants to learn to become traders.
Before you want to become a trader, you need to have some basic education in how to markets works and then you need some basic education on how to trade the different markets - equities, futures, bonds, forex, etc. To tyrade the forex market, you need to leanr - what move the currency market. It will take you time to know many things, and when you do you will know the true meaning of 'keep it simple'.

Good luck.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,558
  • Feb 5, 2017 7:19pm Feb 5, 2017 7:19pm
Quoting AndreasSYZ
{quote} Hi all, Sharing my BPP for the chosen pair, EURGBP. Comments always welcomed! Hi Emm, Please see this, would require your comments as well. Will post my ME/ME trading once the week commences. Thanks all! Have a great trading week ahead! {file}

D1 is sideways and last Friday was a bullish D1. I am looking to see if it can close above 0.8657. This can trigger my buy decision.
W1 still bearish looking and I will consider to buy when the PA can close above 0.8785.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,559
  • Feb 5, 2017 7:34pm Feb 5, 2017 7:34pm
Quoting traderji28
{quote} Thanks Emmanuel for reply. 1. I read the summary of your SL methods and feel that ATR (7) / ATR(10) method is more simple to implement. 2. I also read Big E's method of SL, where he says that he puts the SL at high of low 2 candles away - but did not understand if these are PA candles or HA candles. 3. In the attached screenshot, the red lines are where I took the entry. Could you please tell me where I should have placed my SL. Thanks and Regards, {image}

Hi,

Before I explain how and where to place trade SL.

Do you understand the use of Stop Loss in forex trading...
and how SL impact your trade position Lot size, your R:R and how to use the SL in trade exit management.

Note that Big E did not use SL all the time, so when did he use SL and when he did not use SL?

Big E advocated the use of stops and good money management. [link]
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,560
  • Feb 5, 2017 7:39pm Feb 5, 2017 7:39pm
Quoting bob44
here is a practical set up for a 20,000 Aus account with a risk of 2% and 1/4 S/L of the ADR 5day.. If you are using multi trades just divide the the lot size by eg 3 or 5 lots divide by 5 so in this case with 5 lots .88/5 = .17 Lot size 2.JPG;2173221 http://www.noafx.com/forex-calculator.php {image} {image}

actually I divide 5lots by 11.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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