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Trading Made Simple

  • #79,941
  • May 25, 2017 5:43pm May 25, 2017 5:43pm
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}

After I made a door switch, it open to new price discovery with more trades closing in profits.
It was my usual bedtime when NY open and all these happen while I slept.
This can be a new evolution to trading being made simpler while you sleep. Thank you Mingary for your Monty Hall Problem puzzle.

Attached Image (click to enlarge)
Click to Enlarge Name: Fast and Furious_5 May25 NY closed.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,942
  • Edited 6:11pm May 25, 2017 5:49pm | Edited 6:11pm
Quoting Thraddy
Thanks for your support emmanuel7788. I thought about a TP near yesterdays low and moving my SL on the 5 MA.

we had reaction at the RN 0.7450 and we have 2 short term support below.
today is Friday and this week's low has been established on Monday' low.
Today it is possible we see it test the lows, not much room but good to sell very short term.


Edit:

... Add chart below

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 21 May 26 SydOpen.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,943
  • May 25, 2017 8:38pm May 25, 2017 8:38pm
Quoting darko2010
{quote} I see a Daily sell signal, is there a reason not to take it? Thanks for your help D {image}

You are using the standard Heiken Ashi candles.

TMS traders must use the Average Price Bar APB/HA_DM in this post below:

APB/HA Candle Indicators : Post#28,535

With the APB/HA candles there is no sell setup but there is a Close Buy signal for D1 chart traders who are in buy trades.

Also, another reason why we do not sell on D1 is also the TDI. Look at the TDI Green going outside the VB and re-enter the VB, tendency it will be sideways.

But what is stopping anyone from trading H4 or H1 and look for sell today?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,944
  • May 25, 2017 8:41pm May 25, 2017 8:41pm
Does this sounds familiar? It's same here in FF, ... different threads , trading the same market....

https://www.forexfactory.com/showthr...05#post9911505
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,945
  • May 25, 2017 8:43pm May 25, 2017 8:43pm
Quoting emmanuel7788
{quote} we had reaction at the RN 0.7450 and we have 2 short term support below. today is Friday and this week's low has been established on Monday' low. Today it is possible we see it test the lows, not much room but good to sell very short term. Edit: ... Add chart below {image}
I see a daily sell signal, are you suggesting against it because of the supports?
Thanks
D
  • #79,946
  • May 26, 2017 1:30am May 26, 2017 1:30am
Quoting emmanuel7788
{quote} After I made a door switch, it open to new price discovery with more trades closing in profits. It was my usual bedtime when NY open and all these happen while I slept. This can be a new evolution to trading being made simpler while you sleep. Thank you Mingary for your Monty Hall Problem puzzle. {image}
Hi Emmanuel,
Is this Monty trading a EA? How to use it?
Thanks.
  • #79,947
  • May 26, 2017 2:27am May 26, 2017 2:27am
Quoting emmanuel7788
{quote} we had reaction at the RN 0.7450 and we have 2 short term support below. today is Friday and this week's low has been established on Monday' low. Today it is possible we see it test the lows, not much room but good to sell very short term. Edit: ... Add chart below {image}
LoL!!!! I was reading different posts and I had a question about that and I posted post it in wrong thread !!!
https://www.forexfactory.com/showthr...67#post9912167

Although you already answer it

Thank you a lot
  • #79,948
  • May 26, 2017 4:39am May 26, 2017 4:39am
Quoting Mattse
{quote} LoL!!!! I was reading different posts and I had a question about that and I posted post it in wrong thread !!! https://www.forexfactory.com/showthr...67#post9912167 Although you already answer it Thank you a lot

LOL.
now I know why you posted in the wrong thread...
you can delete your post in Mingary' Monty Hall Problem thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,949
  • May 26, 2017 4:45am May 26, 2017 4:45am
Quoting chnp
{quote} Hi Emmanuel, Is this Monty trading a EA? How to use it? Thanks.

There is no such Monty trading EA. There is no auto-trading robot if that is what you are thinking. I do use a trade manager expert.

I simply trade TMS with multiple entries / multiple exits ... the same way I have been for years.
Just that I am fascinated by the Monty Hall problem where Mingary mentioned "...needed a safety valve to release the pressure when opening too many "Monty Hall doors".."

In TMS ME/ME trading, I do have a safety net when I have too many open positions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,950
  • May 26, 2017 4:51am May 26, 2017 4:51am
Quoting darko2010
{quote} I see a daily sell signal, are you suggesting against it because of the supports? Thanks D

No D1 sell signal when I use the PAC.

But looking at the chart now, AU did make a new week low. And with Tokyo market closed, we shall see what the London traders will do from now till NY opens.
Looking at MN, the market looks very narrow range trading so I dont take any Position trades yet.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,951
  • May 26, 2017 5:21am May 26, 2017 5:21am
Quoting emmanuel7788
{quote} There is no such Monty trading EA. There is no auto-trading robot if that is what you are thinking. I do use a trade manager expert. I simply trade TMS with multiple entries / multiple exits ... the same way I have been for years. Just that I am fascinated by the Monty Hall problem where Mingary mentioned "...needed a safety valve to release the pressure when opening too many "Monty Hall doors".." In TMS ME/ME trading, I do have a safety net when I have too many open positions.
Thanks, I am learning hard on TMS.
  • #79,952
  • May 26, 2017 5:23am May 26, 2017 5:23am
Quoting emmanuel7788
{quote} NZDUSD Week 21 update 4 May 25: yesterday it made a higher high and higher close, but this morning open with gap down. If later today it does not trade above yesterday's high, then most likely it will be a Day Inside Bar. Question is whether today HA candle will close with change in colour. For the HA to close change in colour, the real price must close below 0.7007 which is yesterday HA open. As the trader, I have to make that crucial decision today, How much am I willing to give back to the market? is giving back 50% too much? {image}...
NZDUSD Week 21 D1 trades update May 26.

yesterday D1 candle did closed Inside Bar but the HA did not change in colour. And today the bullish rally is intact.
Will decide later to close and take profits or move SL to below today' low and rollover tol next week.
Lets see if today make a higher high before it closing. If it does make a higher high, I trail using 2 days look back.


Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 21 trades update5 May 26.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,953
  • May 26, 2017 5:52am May 26, 2017 5:52am
Quoting emmanuel7788
{quote} No D1 sell signal when I use the PAC. But looking at the chart now, AU did make a new week low. And with Tokyo market closed, we shall see what the London traders will do from now till NY opens. Looking at MN, the market looks very narrow range trading so I dont take any Position trades yet.
Will you include Cold, Silver, Cooper Markets at your analysis before open any trade??
  • #79,954
  • May 26, 2017 7:08am May 26, 2017 7:08am
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}

Hmm, tested something similar, but seems to be different, could be door 2....

Attached Image (click to enlarge)
Click to Enlarge Name: Monty Hall.JPG Size: 43 KB
  • #79,955
  • May 26, 2017 7:49am May 26, 2017 7:49am
Leaving work now and want to let these run, won;t get the chance to close before end of day unless I get time to check on my phone so move SL to BE+ a bit on each and will see what happens.

Have a good weekend all!

Attached Image (click to enlarge)
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  • #79,956
  • May 26, 2017 11:45am May 26, 2017 11:45am
Hey, I've been holding on to aud/ nzd for a few days on the daily chart. I'm over 100pips profit and wondering if I should hold on or close for the week end? I would love to have some input

Ty
  • #79,957
  • May 26, 2017 12:08pm May 26, 2017 12:08pm
Weekly trades on EA , I started the week with some break-even trades, they were good ones, some of em were late entries which costed me the pips , not exiting at the right time to save as much pips as possible so am working on that part in June

Lastly today went long , moved it to BE and went out , couldn't trade the reversal which was one of the best trades thus far this week

Hope this helps others keep trying your way around TMS

Have a nice weekend y all
Attached Image (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #79,958
  • May 26, 2017 3:22pm May 26, 2017 3:22pm
Quoting Jaizy
Hey, I've been holding on to aud/ nzd for a few days on the daily chart. I'm over 100pips profit and wondering if I should hold on or close for the week end? I would love to have some input Ty
Looking at it now, it made a huge move down. Quite unusual week and it has exceeded its average weekly range.
It is Saturday morning in NZ, and New York session will be closing soon. Expect profit taking and price can pull back a little.

If you want to hold this position and rollover to next week, how much are you willing to give back to the market? Is 50% too much?

Otherwise, take what the market gave you and walk away. Next week, you can still make a new entry when Monday morning open or look for a H1 setup sell entry after the correction on Monday. this wold be how I will handle the situation right now if I have only one open sell position.

But I trade with ME/ME so I am okay to keep a few open trades in one basket until the very last 5 minutes of NY.

Overall , an exceptional trading week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,959
  • May 26, 2017 3:27pm May 26, 2017 3:27pm
Quoting Deichkind
{quote} Hmm, tested something similar, but seems to be different, could be door 2.... {image}

sometimes we need .." a safety valve to release the pressure when opening too many "Monty Hall doors" ..."

this I had to do twice today

Attached Image (click to enlarge)
Click to Enlarge Name: Fast and Furious_6 May26 NY closed.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,960
  • May 26, 2017 3:36pm May 26, 2017 3:36pm
Quoting TheScorpS
Weekly trades on EA , I started the week with some break-even trades, they were good ones, some of em were late entries which costed me the pips , not exiting at the right time to save as much pips as possible so am working on that part in June Lastly today went long , moved it to BE and went out , couldn't trade the reversal which was one of the best trades thus far this week Hope this helps others keep trying your way around TMS Have a nice weekend y all {image}

tough week for EA, several choppy days trading in a range.

opportunity ahead for that 150pips H1 trade when it start to trade out of the choppy range

its 1.5000 and 1.5100 indecision with a Master Candle.

I closed 2 buys positions this week and no more trading until price breaks out of that Master Candle.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 21 Master Candle.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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