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Trading Made Simple 148,135 replies

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

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Charts, Charts, Charts! 1 reply

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Trading Made Simple for Day Charts

Quoting Britpip7
{quote} I was seeing too many trades not hitting my TP levels so I took time off from trading and spent a long time testing strategies. I came to a conclusion on the higher time frames for the pairs I was testing that I was expecting too much and the greed glands were in overdrive. The results showed that when the trades triggered, 85 pips was hit on a consistent basis so that's what I went with for TP1 for 50% of the trade. About 50% of the trades died at that point and then 180 became TP2 for 25%. For TP3, this is left open at 1,000 pips and managed...
Master,

Thanks for your reply and your test work.

I will do a test to find a style of myself too.

"place it and leave it“ said good. I always want to check the chart and see my trade. That often affects my judgement and emotions.

Thanks more again.

BEST REGARDS
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
Hi Britpip7,

As for USDJPY and EURUSD, as I was looking at the day charts, I am looking at a buy and sell respectively. I have observed several key rules but would like to hear if I am seeing something wrongly.

I hope to improve on my trading eye because my losses are deep and want to fine tune my mistakes and errors.
Quoting ejlestrado
Hello, everyone, what do you think? I bow to sales, a question in search of a setup. {image}
hello ejlestrado, the TDi histo indi on the bottom of your chart, can you post it pls? Thanks
Hello Britpip7 ,
Is EUR / AUD good for a buy ?

APB/HA closes and changes colour
PA moves with some strength, ATR1= 0.01069 > ATR7 = 0.009367
the candle body needs to be strong - larger body than wicks
TDI cross within the last 1 or 2 candles and moving up from the 32 region
next resistance ~ 150 pips

Attached Image (click to enlarge)
Click to Enlarge Name: bript.png Size: 30 KB

Attached Image (click to enlarge)
Click to Enlarge Name: brip1.png Size: 31 KB


Thanks
Quoting thomi
Hello Britpip7 , Is EUR / AUD good for a buy ? APB/HA closes and changes colour PA moves with some strength, ATR1= 0.01069 > ATR7 = 0.009367 the candle body needs to be strong - larger body than wicks TDI cross within the last 1 or 2 candles and moving up from the 32 region next resistance ~ 150 pips {image} {image} Thanks
Hi, thomi

I am also watch this pair and waiting to trigger the entry.

Hope it go well.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDmDaily-20170622.png Size: 72 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
Quoting Britpip7
For those of you that are interested in Cave Manager, I am attaching the settings that I use. My settings are based on three profit settings. TP1 is for 50% at 85pips, TP2 is for 25% at 180 and TP# is for 25% and is set to 1,000 and is usually closed out by the trailing stop this means that your trading volume must be divisible by 4 {file} {file}
Hi Guys,

Can you please explain to me why I can't get the cavemanager to work?
When I want to attach it to a chart it loads in expert and then it's getting removed.
When I look into navigator it has a small grey circle in it, normally it has to be a small yellow circle.
Thank you and good luck.
Quoting Bluesky8635
{quote} Hi, thomi I am also watch this pair and waiting to trigger the entry. Hope it go well. {image}
Hi, all

Yesterday my euraud pending buy order was triggered.

but the day closed make a small candle or starbar.

should I close my order immediately or continue to hold? Any suggestion pls.

Thanks

Best regards
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDmDaily-20170623.png Size: 38 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
Please anybody can help me with that indicator i requested earlier? Thanks
Quoting Esosa
Please anybody can help me with that indicator i requested earlier? Thanks
Is this?
Attached File(s)
File Type: ex4 TMS-Osc Histo 3TF v1.02.ex4   15 KB | 229 downloads


or you can go here to find what you want. https://www.forexfactory.com/showthr...40#post4619540
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
Quoting Trade0406
{quote} Hi Guys, Can you please explain to me why I can't get the cavemanager to work? When I want to attach it to a chart it loads in expert and then it's getting removed. When I look into navigator it has a small grey circle in it, normally it has to be a small yellow circle. Thank you and good luck.
Which folder you put the cavemanager?

should be like this C:\Users\461344\AppData\Roaming\MetaQuotes\Terminal\DD4C4615DE78766B65C3FED25C7AF262\MQL4\Experts??

it is EA, not an indicator.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
Quoting Bluesky8635
{quote} Is this? {file} or you can go here to find what you want. https://www.forexfactory.com/showthr...40#post4619540
No sir, this i not the indicator.
Its TMA centered Histo Indicator, Not TMS OSC. Thanks much for concern
Quoting Bluesky8635
{quote} Which folder you put the cavemanager? should be like this C:\Users\461344\AppData\Roaming\MetaQuotes\Terminal\DD4C4615DE78766B65C3FED25C7AF262\MQL4\Experts?? it is EA, not an indicator.
thank you very much Bluesky, how dumb of me.

Appreciate your help.

Best Regards.
At the request erase files
Attached File(s)
File Type: ex4 TMAcentered Histo mtf.ex4   15 KB | 260 downloads
File Type: mq4 TMAcentered Histo mtf.mq4   5 KB | 279 downloads
Quoting ejlestrado
At the request erase files {file} {file}
Thanks very much for posting it
Quoting Esosa
{quote} Thanks very much for posting it
please!!!
Quoting Bluesky8635
{quote} Hi, all Yesterday my euraud pending buy order was triggered. but the day closed make a small candle or starbar. should I close my order immediately or continue to hold? Any suggestion pls. Thanks Best regards {image}
I always follow the Weekly until it makes a fool of me. I still favour short but will wait till London Open on Monday

In general, EUR seems to be selling off at present.
Attached Image (click to enlarge)
Click to Enlarge Name: EA W.png Size: 95 KB
Trading thin liquidity at the boundary of the charts
Quoting RickM
{quote} I always follow the Weekly until it makes a fool of me. I still favour short but will wait till London Open on Monday In general, EUR seems to be selling off at present. {image}
Hi, sir

Thanks for your reply.

How you follow the weekly? Follow the pre week candle? or overall trend?

regards
Attached Image (click to enlarge)
Click to Enlarge Name: EA W.png Size: 126 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
Quoting thomi
Hello Britpip7 , Is EUR / AUD good for a buy ? APB/HA closes and changes colour PA moves with some strength, ATR1= 0.01069 > ATR7 = 0.009367 the candle body needs to be strong - larger body than wicks TDI cross within the last 1 or 2 candles and moving up from the 32 region next resistance ~ 150 pips {image} {image} Thanks
Hello,

EUR / AUD reached this target.

Attached Image (click to enlarge)
Click to Enlarge Name: brip2.png Size: 29 KB
AUDUSD SELL
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD TMS For D Chart -20170802.png Size: 47 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
EURJPY SELL
1- Divergence
2- Green & Red line running below Blue line
3- SUC body
4- Pend order triggered

MM: ATR(7)=66, 2 orders (1% risk per order)
SL=1.5-2ATR(7)=120pips
TP1=120pips
TP2=3ATR(7)=200pips
when TP1 arrive, move SL to BE
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Daily -20170809.png Size: 45 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
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