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Trading Made Simple

  • #79,921
  • May 25, 2017 12:02am May 25, 2017 12:02am
Quoting Jaizy
Is there any way To get that mecanical entri like talk about higher with the pac and apb/ha bit with normal candle but with diffrent betting? I would like to follow and place entry when im not home.

what do you mean?

please post a chart and explain just to make it clear.

thanks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,922
  • May 25, 2017 1:30am May 25, 2017 1:30am
Hello Emmanuel,

I normally trade 1H and 4H windows in the London session. Should I adjust my indicators to these time frames as they are currently set to all?.

I am not too sure about the EMA 5 settings so if you could provide the values would be great.

This morning (7am GMT) I had an alert to buy GBP/JPY and TDI confirmed but on closer examination there was a very recent support and resistance that had not been broken hence I did not take the trade. When I switched my window to H4 it confirmed my decision to stay out (although GBP seems to be rallying against JPY as I write).

I feel I am getting better trading alerts and decisions in the H4 window?.

Your input appreciated as always. watched Ajax/Man Utd what a dull game made worse by Man Utd actually winning!!!
  • #79,923
  • May 25, 2017 2:27am May 25, 2017 2:27am
Quoting emmanuel7788
{quote} This has nothing to do with TMS the way Big E traded. But below are 2 pics of MT4 account summary. Both are trades done this week from May 22 till today with open trades. Which one do you prefer? 1) Slow and Steady {image} 2) Fast and Furious {image} Maybe go to this thread "The Monty Hall P..." and read what Mingary has to say. https://www.forexfactory.com/showthread.php?t=662550

I prefer 2!

Going through tha thread now. Thanks Emm
  • #79,924
  • May 25, 2017 3:00am May 25, 2017 3:00am
Quoting Seshwaan
{quote} I prefer 2! Going through tha thread now. Thanks Emm

Here is my pic 2 - Fast and Furious update 3, just opened another door today.

Attached Image (click to enlarge)
Click to Enlarge Name: Fast and Furious_3 May25.png Size: 30 KB


you must read Mingary's posts in his thread. A lot of clues and you must relate those clues trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,925
  • May 25, 2017 3:59am May 25, 2017 3:59am
Quoting emmanuel7788
{quote} it only seems like, ... in all martingale systems that I have seen here in FF, I have not found one which produces equity equal to or greater than balance. BTW, who is watching Ajax vs Man Utd?
We have talked about it in group, I now have another thought about it, picture one seems to be played with linear lots for all positions, picture two could be scaling in into retracement with (like MEME) some positions. When we will calculate the position size based on a fix SL (like the last High/Low) the nearer the trade will come to the SL the bigger is the position size. So when price retraced after the initial trade, more and more positions will be open and the summary of lots will increase, a normal thing! When price then went into our favourite direction we can trail the basket and may be have a monty hall jackpot or similar some profit. But when this doesn't happend and price retraced deeper it will be good to have a "valve steam of release"....

that will be my thoughts about it...

regards
  • #79,926
  • May 25, 2017 4:31am May 25, 2017 4:31am
Hello everyone ,

I normally trade 1H and 4H windows in the London session. Should I adjust my indicators to these time frames as they are currently set to all?.

I am not too sure about the EMA 5 settings so if you could provide the values would be great.

This morning (7am GMT) I had an alert to buy GBP/JPY and TDI confirmed but on closer examination there was a very recent support and resistance that had not been broken hence I did not take the trade. When I switched my window to H4 it confirmed my decision to stay out (although GBP seems to be rallying against JPY as I write).

I feel I am getting better trading alerts and decisions in the H4 window?.

ANY INPUT FROM ANYONE APPRECIATED
  • #79,927
  • May 25, 2017 5:35am May 25, 2017 5:35am
Quoting Rafaz1
Hello Emmanuel, I normally trade 1H and 4H windows in the London session. Should I adjust my indicators to these time frames as they are currently set to all?. I am not too sure about the EMA 5 settings so if you could provide the values would be great. This morning (7am GMT) I had an alert to buy GBP/JPY and TDI confirmed but on closer examination there was a very recent support and resistance that had not been broken hence I did not take the trade. When I switched my window to H4 it confirmed my decision to stay out (although GBP seems to be rallying...




Post#996 should answer your question on 5EMA.

I think you should start all over again and read Big E posts and write your own notes on trading TMS. All question have been asked and answered many times over.

You can have three options, depends on your trading knowledge and experience.

Option #1: Go to this post link, read and follow that post.

https://www.forexfactory.com/showthr...80#post9661780

Option #2: Go to this post link, download and read those two pdfs files.

https://www.forexfactory.com/showthr...31#post9656031

Option #3: Click and read One, Two and Three
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,928
  • May 25, 2017 5:37am May 25, 2017 5:37am
Quoting Deichkind
{quote} We have talked about it in group, I now have another thought about it, picture one seems to be played with linear lots for all positions, picture two could be scaling in into retracement with (like MEME) some positions. When we will calculate the position size based on a fix SL (like the last High/Low) the nearer the trade will come to the SL the bigger is the position size. So when price retraced after the initial trade, more and more positions will be open and the summary of lots will increase, a normal thing! When price then went into...

yes, the real challenge is how " .. to navigate through the random price series while keeping a positive account balance".
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,929
  • May 25, 2017 6:40am May 25, 2017 6:40am
Quoting emmanuel7788
{quote} Here is my pic 2 - Fast and Furious update 3, just opened another door today. {image} you must read Mingary's posts in his thread. A lot of clues and you must relate those clues trading.
I am intrigued by this! I now understand the premis of the Monty Hall problem however am struggling to translate it trading...

What is openeing the door? Taking the initial trade?
What is the trading equivalent to the "host" openeing one of the other doors?

These arent questions for you by the way, I don;t expect you to just hand me the information on a plate. I shall contemplate this and see if I can work it out!
  • #79,930
  • May 25, 2017 6:40am May 25, 2017 6:40am
Hi everyone,

I just started trading with this strategy and I would like to know what you think about this entry.

I made it through the first 100 pages so far and I think I got the idea of trading with the TDI but am still not sure how to filter a good entry from all the possibilities available.

Any kind of feedback would be nice. I hope the upload of the picture works...

Best regards
Thraddy
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 39 KB
  • #79,931
  • May 25, 2017 6:58am May 25, 2017 6:58am
Quoting Thraddy
Hi everyone, I just started trading with this strategy and I would like to know what you think about this entry. I made it through the first 100 pages so far and I think I got the idea of trading with the TDI but am still not sure how to filter a good entry from all the possibilities available. Any kind of feedback would be nice. I hope the upload of the picture works... Best regards Thraddy{image}

Its a good setup. Now you need to manage the trade with an exit strategy.



Not sticking to a predefined exit strategy is the main cause of failure in trading"
- Alexander Elder
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,932
  • May 25, 2017 7:03am May 25, 2017 7:03am
Quoting Seshwaan
{quote} I am intrigued by this! I now understand the premis of the Monty Hall problem however am struggling to translate it trading... What is openeing the door? Taking the initial trade? What is the trading equivalent to the "host" openeing one of the other doors? These arent questions for you by the way, I don;t expect you to just hand me the information on a plate. I shall contemplate this and see if I can work it out!

trading is never boring when we do not stop thinking and challenging ourselves to solve puzzles such as this Monty Hall Problem ... by Mingary.

I just did a Monty Hall switch door before NY open.

Attached Image (click to enlarge)
Click to Enlarge Name: Fast and Furious_4 May25 LO NY.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,933
  • May 25, 2017 7:18am May 25, 2017 7:18am
Quoting emmanuel7788
{quote} This has nothing to do with TMS the way Big E traded. But below are 2 pics of MT4 account summary. Both are trades done this week from May 22 till today with open trades. Which one do you prefer? 1) Slow and Steady {image} 2) Fast and Furious {image} Maybe go to this thread "The Monty Hall P..." and read what Mingary has to say. https://www.forexfactory.com/showthread.php?t=662550
Hi Emmanuel,

Just curious can it be achieved 72 or 463 trades in 2 days with TMS ??
  • #79,934
  • May 25, 2017 7:30am May 25, 2017 7:30am
Quoting Ah-Ong
{quote} Hi Emmanuel, Just curious can it be achieved 72 or 463 trades in 2 days with TMS ??

its not 2 days, it started on Monday May 22 till today.... 4 trading days.

trading the price-time series needs no timeframe, ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,935
  • May 25, 2017 7:41am May 25, 2017 7:41am
Quoting emmanuel7788
{quote} trading is never boring when we do not stop thinking and challenging ourselves to solve puzzles such as this Monty Hall Problem ... by Mingary. I just did a Monty Hall switch door before NY open. {image}
have you Swiched your NZDUSD trades? does this means you are now short w/o confirmation of shorting yet?

Quoting emmanuel7788
{quote} its not 2 days, it started on Monday May 22 till today.... 4 trading days. trading the price-time series needs no timeframe, ...
what is the 'price-time series'?
  • #79,936
  • May 25, 2017 7:48am May 25, 2017 7:48am
here is something about trading which should keep your mind thinking.

you know that the platform default moving average is 14 period, Simple, Close price, right?

Attached Image (click to enlarge)
Click to Enlarge Name: Moving Average default.png Size: 50 KB


when you switch your chart timeframe from M1, M5, M15, M30, H1, H4, D1, W1 and MN, you will see the default moving average on every chart timeframe.

that Moving Average follows the price. Not the other way around... some thinks the price follow or catches up with the moving average.

price moves in time when market is open. the price is the same in every chart timeframe.
we trade the price all the time and that has nothing to do with chart timeframe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,937
  • May 25, 2017 7:54am May 25, 2017 7:54am
Quoting emmanuel7788
here is something about trading which should keep your mind thinking. you know that the platform default moving average is 14 period, Simple, Close price, right? {image} when you switch your chart timeframe from M1, M5, M15, M30, H1, H4, D1, W1 and MN, you will see the default moving average on every chart timeframe. that Moving Average follows the price. Not the other way around... some thinks the price follow or catches up with the moving average. price moves in time when market is open. the price is the same in every chart timeframe. we trade...
my default moving average in all time frame is the same which is 14 simple close, is it correct ??
  • #79,938
  • May 25, 2017 8:25am May 25, 2017 8:25am
Using the HA candles and the PAC is a proven technical trading methodology over many years. You can be 100% mechanical in entry and exit rules and over a longer term it is profitable trading D1. But do not expect 80% win rate. To make money, a win rate of 50% is good enough.

How to get this when your not home. To be able To trade like above but with no ha candle. So we can take trades on our phone during the day when not home.
  • #79,939
  • May 25, 2017 9:33am May 25, 2017 9:33am
Thanks for your support emmanuel7788.

I thought about a TP near yesterdays low and moving my SL on the 5 MA.
  • #79,940
  • May 25, 2017 5:36pm May 25, 2017 5:36pm
Quoting Ah-Ong
{quote} my default moving average in all time frame is the same which is 14 simple close, is it correct ??

Yes, it is of course correct.

In the good old days back in the 1980s, I only think of one price, i.e. the stock close price for that day. I did not care about what the day high was, nor the day low.
Knowing the day Close price, I update my stock chart on paper, it was just the simple Line chart. That was how I traded the stock market back in 1980s.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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