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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

  • #79,661
  • Edited 12:46pm May 12, 2017 12:35pm | Edited 12:46pm
Hi Emmanuel

I noticed your UJ trades in this trade explorer you have around ~~27 pips distance between each position, this is something near 1x ATR(100) H4 that is 31 pips, less than 0.5x ADR(100) wich is 45 pips

Same on AUDUSD, was around ~12 pips distance if I'm not mistaken, and 0.5x ADR is around 29pip

Why 27 pips UJ? Would like to understand what you use as parameter to decide the distance between your positions when you pick a pair to trade, what do you consider to decide how many pips will be the distance between each position?

(because of this distance on these examples being less than 0.5x ADR, deeper retraces would easily pass your 5x open positions max distance rule right?)

Also, is it possible to 'unlock' this information on your FXBlue? there we can not see order list datails, maybe its blocked...can only see how many trades you did in each pair, had very good information there about floating P/L that dont have on ff trade explorer... New pieces of this puzzle are fitting!, thanks for sharing!!

Thanks, and have a nice weekend!
  • #79,662
  • May 12, 2017 4:40pm May 12, 2017 4:40pm
I have a question: what is the size of your trade in general?
  • #79,663
  • May 13, 2017 5:51am May 13, 2017 5:51am
Hi Everyone,

I am new here, I wanted to inquire whether the latest version of the indicators is still post no. 25?

Cheers
  • #79,664
  • May 13, 2017 5:33pm May 13, 2017 5:33pm
Quoting KhanJee
Hi Everyone, I am new here, I wanted to inquire whether the latest version of the indicators is still post no. 25? Cheers
Still same story, TDI + Heiken + MA + backtesting TMS strategy = success.
Hard choices, easy life. Easy choices, hard life. ~ Jerzy Gregorek
  • #79,665
  • May 14, 2017 4:04am May 14, 2017 4:04am
Quoting majkel149
{quote} Still same story, TDI + Heiken + MA + backtesting TMS strategy = success.
Many thanks, will start using the strategy this week
  • #79,666
  • May 14, 2017 5:52am May 14, 2017 5:52am
Quoting KhanJee
Hi Everyone, I am new here, I wanted to inquire whether the latest version of the indicators is still post no. 25? Cheers

Indicators I use and save your own template with these.

TDI-RealTime version Post#17,848

APB/HA Candle Indicators : Post#28,535

BN Levels : Post#22,389 (also read post#49,341)


Price Action Channel
Synergy PAC Post#21,284
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,667
  • May 14, 2017 6:32am May 14, 2017 6:32am
Quoting mokuro89
Hi Emmanuel I noticed your UJ trades in this trade explorer you have around ~~27 pips distance between each position, this is something near 1x ATR(100) H4 that is 31 pips, less than 0.5x ADR(100) wich is 45 pips Same on AUDUSD, was around ~12 pips distance if I'm not mistaken, and 0.5x ADR is around 29pip Why 27 pips UJ? Would like to understand what you use as parameter to decide the distance between your positions when you pick a pair to trade, what do you consider to decide how many pips will be the distance between each position? (because of...

Hi,

Only use ATR-100 days for trade order distance. You can vary 0.5ADR or 0.25ADR but always use the ATR 100 on D1 chart only.
It does not need tp be precise 27pips or 29 pips because different broker have different number of D1 candles. My TE broker has the Sunday candle which make 6 D1 candles per week. The ARR 100 days are slightly different.
What is important is when you use 0.5ADR as order distance, you may not get 5 trades in one basket when the market goes into narrow ranging and retracemenet is shallow. This is when you can use a smaller distance like 0.25ADR. 0.3ADR, etc.

If you look at the UJ trades now, it has 5 open positions in that basket. The retracement of last week low to high is slightly more than 50% and because I set 0.25ADR, there are now 5 open positions in that basket. If I had used 0.5ADR, then it will only be 3 open positions. Will have to manage on Monday and with the Weekly is still bullish and the cut-loss is 111.20, I will decide what to do on Monday.

The Fx Blue account trade details are locked at the moment due to copy trade issues. Will PM you next week.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,668
  • May 14, 2017 7:55am May 14, 2017 7:55am
Quoting emmanuel7788
{quote} Indicators I use and save your own template with these. TDI-RealTime version Post#17,848 APB/HA Candle Indicators : Post#28,535 BN Levels : Post#22,389 (also read post#49,341) Price Action Channel Synergy PAC Post#21,284...
Hi Emmanuel,

Could you explain how to use #Fibo Prev Day, Prev Week and BN Levels v1.02?

Thanks in advance,

sunnywebpro
  • #79,669
  • May 14, 2017 8:04am May 14, 2017 8:04am
This thread is way too long for one person to read - even in several sittings. I don't object to doing the hard work but in order to know whether it meets my trading criteria and personality could those of you who've been using this for a reasonable length of time provide some stats:

  1. % Wins
  2. Average pip gain
  3. Average pip loss
  4. number of trades per day/week/total
  5. average trade length
  6. pairs traded
  7. Best session to trade
  8. etc.

I've been trading for over a decade but am now at a stage where I want to reduce screen time as I realize over the years I've become a bit of a chart junkie at the cost of watching my kids grow up.
My preference is for a system with over 80% win rate with clearly defined, objective rules. 10-20 pips per trade, and up to 3-4 hours screen time per day.

Thanks.

The Market can Remain Irrational Longer than You can Remain Liquid
  • #79,670
  • May 14, 2017 9:53am May 14, 2017 9:53am
Quoting emmanuel7788
{quote} EURCAD Week 19 May 8 closed buy exit confirmed but no selling yet according to our basic rules using the HA candles and the PAC. {image} But those who traded H4 yesterday, would have gotten one good trade. ca +24pips strictly following the entry and exit rules. {image}
HI ，Emmanuel

I am new here.

I see the HA is change the colour,it mean that we should close the trade,I don't know that you say " no selling yet according to our basic rules using the HA candles and the PAC",sorry,could you tell me why ,thanks.
  • #79,671
  • May 14, 2017 10:24am May 14, 2017 10:24am
Quoting jamesgbh
{quote} HI ，Emmanuel I am new here. I see the HA is change the colour,it mean that we should close the trade,I don't know that you say " no selling yet according to our basic rules using the HA candles and the PAC",sorry,could you tell me why ,thanks.
I guess you are unclear how to use the pac for entry/exit. When you take a sell the candle must have closed outside the pac, i.e for a short, candle must be below the pac and vice versa..Emm was referring to closing the long trade when price closed with a change of colour inside the pac..The candle had not closed outside the pac and therefore no selling yet..I hope I have put you out of your misery as Emm. will only appear when market opens..He's having fun with his grand kids
the cautious seldom err....C
  • #79,672
  • May 14, 2017 10:40am May 14, 2017 10:40am
Quoting pips29
{quote} I guess you are unclear how to use the pac for entry/exit. When you take a sell the candle must have closed outside the pac, i.e for a short, candle must be below the pac and vice versa..Emm was referring to closing the long trade when price closed with a change of colour inside the pac..The candle had not closed outside the pac and therefore no selling yet..I hope I have put you out of your misery as Emm. will only appear when market opens..He's having fun with his grand kids
Hi,pips29

Thank You,I think I have got it, it have long way I should walk.
  • #79,673
  • May 14, 2017 8:10pm May 14, 2017 8:10pm
EURCAD Week 20 May 15:

Both Monthly and Weekly loos bullish.
With Last Friday' D1 bar close above the PAC, we can look at H4 to trade.
If trading only the D1 chart, we must wait till today HA candle close to see if that is a setup candle.
The risk is market reaction to the BRN 1.5000 and we must watch this closely and if there is any major news event that may cause a major correction.
H1 is tight range consolidation.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Week 20 May 15.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,674
  • May 14, 2017 8:22pm May 14, 2017 8:22pm
EURAUD Week 20 May 15 D1 chart trading

This pair can break either way with last week's closing as Inside Bar consolidation. But I favour the MN bullish direction.
D1 is sideways now at BRN 1.4700 and there is a Historical swing level 1.4820 (dec 2014) and this level acted as support and resistance several times since then. No D1 bar has closed across this yet.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 20 May 15.png Size: 59 KB



I have open buy positions since the past 2 months.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,675
  • May 14, 2017 9:33pm May 14, 2017 9:33pm
Quoting emmanuel7788
EURAUD Week 20 May 15 D1 chart trading This pair can break either way with last week's closing as Inside Bar consolidation. But I favour the MN bullish direction. D1 is sideways now at BRN 1.4700 and there is a Historical swing level 1.4820 (dec 2014) and this level acted as support and resistance several times since then. No D1 bar has closed across this yet. {image} I have open buy positions since the past 2 months.
Thanks Emman. From my point of view, I favour long for both EA and EC if D1 can show some strength ad HA close can go beyond PAC. As EA/EC/EG/EN belongs to the same group, i suppose you just trade one of them, should be EA as of now, right?
Trade your belief, trade like Emmanuel
  • #79,676
  • Edited 2:54am May 15, 2017 1:33am | Edited 2:54am
good morning

this is a setup I like to see for a quick profit 10-20 pips and hopefully a runner

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 225 KB


Update: retest of Asia high and success
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 189 KB


and to be more relevant, as most of the people use HA:
Attached Image (click to enlarge)
Click to Enlarge Name: Image3.png Size: 130 KB


(you can notice how price action behaves before a good cross)
  • #79,677
  • May 15, 2017 2:57am May 15, 2017 2:57am
Quoting muyir
{quote} Thanks Emman. From my point of view, I favour long for both EA and EC if D1 can show some strength ad HA close can go beyond PAC. As EA/EC/EG/EN belongs to the same group, i suppose you just trade one of them, should be EA as of now, right?
To manage your risks, pick only one pair from each group.

Time to start looking at the GBPxxx pairs too. We have British PM speaking this week. What do you think she would be saying this week?


Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor 20 pairs.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,678
  • May 15, 2017 3:18am May 15, 2017 3:18am
So early in the week and already a lesson learned.

DO NOT OPEN TRADES WITH THIS SYSTEM ON A SUNDAY EVENING.

Need to give the markets a time to settle down after the gap.. I did think this was the case but can now say for sure.
  • #79,679
  • May 15, 2017 3:19am May 15, 2017 3:19am
Quoting emmanuel7788
{quote} To manage your risks, pick only one pair from each group. Time to start looking at the GBPxxx pairs too. We have British PM speaking this week. What do you think she would be saying this week? {image}

Hey Emmanuel,

All the best for this weeks trading.

Any chance you could give me that indicator/whatever it is showing groups of currencys?
  • #79,680
  • May 15, 2017 3:48am May 15, 2017 3:48am
it's called 'TmsMonitor' should come up if you search the attachments here.. then add/change order of pairs to be in those groups..


Quoting Seshwaan
{quote} Hey Emmanuel, All the best for this weeks trading. Any chance you could give me that indicator/whatever it is showing groups of currencys?
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