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Trading Made Simple

  • #77,421
  • Mar 16, 2017 5:46am Mar 16, 2017 5:46am
Quoting michael_k
Here is my latest daily trade opened Feb 15 Sell GBPUSD @ 1.2466, Initial stop: 1.2612, T/P: 1.2100 Trailing Stop hit today at 1.2309 Out with +146 pips.{image}
Back to trading.
michael
How did you apply post#647?
I see that you:
Took the trade on the xxx bar's after the cross. Survived 2* green cross red. Out smart a green flat and closed when a buy trade would be nice.
  • #77,422
  • Mar 16, 2017 5:50am Mar 16, 2017 5:50am
I am 1 bar late with this entry but considering my stats with this pair as 100% success, I will take my chances...the worst thing that can happen is one "fail"
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYH1.png Size: 61 KB
the cautious seldom err....C
  • #77,423
  • Mar 16, 2017 5:59am Mar 16, 2017 5:59am
Is there a TDI alert function? Yesterday i installed 2 MT4S and i use 8 pairs which are in the BIG E, this setup of pairs clears alot of my mind and i got 2 screens and i put the first 4 above the other 4 so in the most cases when eurusd goes up usdchf goes down. same for other pairs in this screenshot. I have a screenshot as example. Sorry for my bad english
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 526 KB
  • #77,424
  • Mar 16, 2017 6:00am Mar 16, 2017 6:00am
Quoting pips29
I am 1 bar late with this entry but considering my stats with this pair as 100% success, I will take my chances...the worst thing that can happen is one "fail" {image}
Waiting for close bar at H4 TF, looks like we could go up for some pips

Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYH4.png Size: 42 KB
  • #77,425
  • Mar 16, 2017 6:08am Mar 16, 2017 6:08am
Hi all

My name is Nivian, a newbie trader from South Africa. I know I have a long way to go and so much more to learn and I am very keen going forward. I would like to use this strategy posted in the 1st post by "eelfranz" but with so many posts to read through I'm not sure what to download and how to correctly setup MT4 to start. Could someone post the links for me on what's current, while I read up on the posts.

Also any advice for me will be greatly appreciated. Presently I'm just looking to supplement my current income as just $200 a month is like 2 weeks wages here in SA and in time I believe I can become a full time trader and hopefully wont have to work so hard for so little.

Thanks in advance
  • #77,426
  • Mar 16, 2017 6:37am Mar 16, 2017 6:37am
Hi,
I got a trade in EURUSD short on the second candle of London open.
To me it is a nice trade as bounce with nice TDI angle,
and right below the monthly resistance.
and break the asian hour's support.
While it reverse immediately after I enter the trade.

Can anyone comment on this trade?
Thanks in advance
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 72 KB
  • #77,427
  • Mar 16, 2017 6:38am Mar 16, 2017 6:38am
Quoting brian661
Hi, I got a trade in EURUSD short on the second candle of London open. To me it is a nice trade as bounce with nice TDI angle, and right below the monthly resistance. and break the asian hour's support. While it reverse immediately after I enter the trade. Can anyone comment on this trade? Thanks in advance {image}
I caught a divergence in the price action of eurusd
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-admiral-markets.png Size: 61 KB
  • #77,428
  • Mar 16, 2017 6:59am Mar 16, 2017 6:59am
Quoting frenchy.fx
Is there a TDI alert function? Yesterday i installed 2 MT4S and i use 8 pairs which are in the BIG E, this setup of pairs clears alot of my mind and i got 2 screens and i put the first 4 above the other 4 so in the most cases when eurusd goes up usdchf goes down. same for other pairs in this screenshot. I have a screenshot as example. Sorry for my bad english {image}
frenchy are you looking for a TDI that has a built alarm function.There are plenty around. You have to read what the programer has to say about the indicator you are going to use. Some TDI alert indicator's use TDI Red green to get the cross over. Some use TDI Real or RSI or are standalone TDI with build in function.
Here are a few.
https://www.forexfactory.com/showthread.php?t=460148
https://www.forexfactory.com/showthr...85#post4572785
https://www.forexfactory.com/showthr...68#post9070868

Do your own search
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Click to Enlarge Name: Capture.PNG Size: 18 KB
  • #77,429
  • Mar 16, 2017 7:05am Mar 16, 2017 7:05am
Quoting brian661
Hi, I got a trade in EURUSD short on the second candle of London open. To me it is a nice trade as bounce with nice TDI angle, and right below the monthly resistance. and break the asian hour's support. While it reverse immediately after I enter the trade. Can anyone comment on this trade? Thanks in advance {image}
You didn't look at the D1 chart
  • #77,430
  • Mar 16, 2017 7:07am Mar 16, 2017 7:07am
Short on USD CHF .9977
  • #77,431
  • Mar 16, 2017 7:18am Mar 16, 2017 7:18am
Hi Tekkies,

Quoting Tekkies
Back to trading.
Yes, please!

Quoting Tekkies
michael How did you apply post#647?
Warning: I am afraid it is going to be a rather long post, so any member who does not want to see it, please scroll the page down.

OK, let's see...
Post 647: https://www.forexfactory.com/showthr...40#post4581540

Let's get a refresh on entry rules:
Quoting BigE
Your safest trades will always be when green crosses red and you enter on candle 1 or 2
Screenshot of my trade (apologies for posting it again but I think visualization always helps:
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-03-15_GBPUSD_Sell.png Size: 39 KB


You say
Quoting Tekkies
I see that you: Took the trade on the xxx bar's after the cross.
If you look at the chart I posted you can see that it was a cross on the second candle. The angle was good and all previous candles showed lower highs. So in terms of entry I think it was OK. I would grade it as 8 out 10 (where 10 is the perfect text book cross)

Quoting Tekkies
Survived 2* green cross red.
Actually there were 4 green candles after the cross. I was not worried too much for the first two candles since again they were all lower highs compared to the previous candles, the last two had me worried a bit, but I looked at it as a trade in drawdown. I had my stop set at 1.261 and could afford waiting.

At the end of D1 28 Feb (this is the second red candle after 4 greens) I moved my stop to breakeven +10 pips and from that point onward I only trailed the stop to the high of D1 #3 candle (again, what I call candle #3 is the candle that precedes the previous day candle - current day candle is #1, yesterday is #2 and the one before that is #3).


Quoting Tekkies
Out smart a green flat and closed when a buy trade would be nice.
I take "outsmart" as a compliment, thank you . I should have trailed the stop further but if you look at Mar 8, 9 and 10 candles you can clearly see strong resistance. Looking back I can see that the really smart decision at this point would have been closing this trade at +250 pips, but I decided to keep the stop a little bit further away for a chance to survive that choppy action.

So to answer your question:
Quoting Tekkies
How did you apply post#647?
I think I did OK. Could it have been managed better? Probably yes, but I am satisfied with what I got.
  • #77,432
  • Mar 16, 2017 7:22am Mar 16, 2017 7:22am
Quoting Nivian
Hi all My name is Nivian, a newbie trader from South Africa. I know I have a long way to go and so much more to learn and I am very keen going forward. I would like to use this strategy posted in the 1st post by "eelfranz" but with so many posts to read through I'm not sure what to download and how to correctly setup MT4 to start. Could someone post the links for me on what's current, while I read up on the posts. Also any advice for me will be greatly appreciated. Presently I'm just looking to supplement my current income as just $200 a month is...
Nivian welcom to FF
If you do not know how to setup MT4 and giving you pdf's, indicator will not help you one little bit. You need one on one assistance.
Click on this link. Click on Tekkies. write something and I will try and help you.
https://www.forexfactory.com/showthr...&goto=lastpost
  • #77,433
  • Mar 16, 2017 7:22am Mar 16, 2017 7:22am
Quoting emmanuel7788
{quote} Hi Mokuro, Always have a hard SL set in your broker terminal to protect your accounts for days like Jan 15 2015. But when trading with ME/ME there is a dynamic smart cut-loss manage by ME/ME trade manager. This is way before hard SL happens. Of some traders prefers to use SteveHopwood 'shirt protection' parameter in his MPTM trade manager. Whichever method - Always trade with a Stop Loss. How's your trading this week?
Hello Emm,

can you please explain me the dynamic smart cut loss?

best regards
  • #77,434
  • Mar 16, 2017 7:23am Mar 16, 2017 7:23am
I put in a pending buy and was triggered in with just under 30 pips slippage...I lost track with time and so paid the bill in terms of lost pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADH1.png Size: 66 KB
the cautious seldom err....C
  • #77,435
  • Mar 16, 2017 7:29am Mar 16, 2017 7:29am
Quoting michael_k
Hi Tekkies, {quote} Yes, please! {quote} Warning: I am afraid it is going to be a rather long post, so any member who does not want to see it, please scroll the page down. OK, let's see... Post 647: https://www.forexfactory.com/showthr...40#post4581540 Let's get a refresh on entry rules: {quote} Screenshot of my trade (apologies for posting it again but I think visualization always helps: {image} You say {quote} If you look at the chart I posted you can see that it was a cross on the second candle. The...
Thank's for the reply. Nail biting for sure. I don't agree on managed better. Understanding the candles like you do you should be the CEO of Pips factory.
  • #77,436
  • Mar 16, 2017 7:48am Mar 16, 2017 7:48am
Hi Tekkies,

Quoting Tekkies
Thank's for the reply. Nail biting for sure. I don't agree on managed better. Understanding the candles like you do you should be the CEO of Pips factory.
Thanks! I am just a TMS student learning to use it -- like you and all other members in this thread.
  • #77,437
  • Mar 16, 2017 8:08am Mar 16, 2017 8:08am
Quoting pips29
I put in a pending buy and was triggered in with just under 30 pips slippage...I lost track with time and so paid the bill in terms of lost pips {image}
I guess you did well on the eurgbp.! caught some on gbp too.. nice breakout on gbpjpy 5min .. very simple
It's in fear when people show what they truly value.
  • #77,438
  • Mar 16, 2017 9:12am Mar 16, 2017 9:12am
yes, I made gains on e/g,gu and g/y..I understand you trade the 5 min chart and very successful with this tf. It just shows every time frame is profitable..btw I am buying ucad at the moment (reason: a QM on the 1 hour),,,any thoughts on this?
the cautious seldom err....C
  • #77,439
  • Mar 16, 2017 9:18am Mar 16, 2017 9:18am
Quoting pips29
yes, I made gains on e/g,gu and g/y..I understand you trade the 5 min chart and very successful with this tf. It just shows every time frame is profitable..btw I am buying ucad at the moment (reason: a QM on the 1 hour),,,any thoughts on this?
USDCAD?
W1: consolidation
D1: standing still
H4: consolidation
H1: consolidation
The buyer's and seller's are unsure which way QM will move the market. I would close that buy order.
  • #77,440
  • Mar 16, 2017 9:20am Mar 16, 2017 9:20am
Quoting Tekkies
{quote} USDCAD? W1: consolidation D1: standing still H4: consolidation H1: consolidation The buyer's and seller's are unsure which way QM will move the market. I would close that buy order.
Do you know what I mean by QM?
the cautious seldom err....C
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