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Trading Made Simple

  • #79,421
  • May 3, 2017 12:02pm May 3, 2017 12:02pm
Quoting okoso
{quote} Hi Emmanuel, Thank you for sharing your live trades via Trade Explorer. Learning from live trades of someone experienced like you is probably the best way of learning. I constantly monitor your TE to see how you manages your trades while market moves. May I have a question on your latest AUDUSD sell trades? April 28 D1 candle closed within PAC so I was expecting you close that position but you didn't and then again both May 1 and May 2 D1 candles closed within PAC with HA color change you were still building positions to that trade instead...
I Think, Emm Trades The Weekly timeframe. That would explain all.
  • #79,422
  • May 3, 2017 12:19pm May 3, 2017 12:19pm
Hi, just started looking into this thread.

Apologies in advance...

Can anyone direct to me a page with a clear set of rules, indicators, etc.?

Thanks!
  • #79,423
  • May 3, 2017 3:34pm May 3, 2017 3:34pm
Went long on USDCHF earlier today after TDI crossing and after Mizi pointed m in the direction of divergence yesterday I spotted some bullish divergence on it also..

Currently up 23 pips
Attached Image (click to enlarge)
Click to Enlarge Name: USD CHF.PNG Size: 42 KB
  • #79,424
  • May 3, 2017 4:22pm May 3, 2017 4:22pm
Quoting emmanuel7788
{quote} We had a D1 Exit signal. What is stopping anyone for trading the lower TF after a D1 exit? {image}
The 50 line?
  • #79,425
  • May 3, 2017 8:23pm May 3, 2017 8:23pm
Quoting zMinga
{quote} The 50 line?

on the D1 chart there is the TDI 50-level.
but on the H4 and H1 charts, the PAC mechanical rules still applicable for sell condition.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,426
  • May 3, 2017 8:27pm May 3, 2017 8:27pm
Quoting Seshwaan
Went long on USDCHF earlier today after TDI crossing and after Mizi pointed m in the direction of divergence yesterday I spotted some bullish divergence on it also.. Currently up 23 pips {image}

there is no divergence seen.

you want to trade Divergence, better have an understanding what the TDI is and how to read divergence on your charts.

Read this book
RSI: The Complete Guide Post#27,110 by John Hayden
The Truth about Divergence ... read Chapter 4 Page 65
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,427
  • May 3, 2017 8:32pm May 3, 2017 8:32pm
Quoting samsha786
Hi, just started looking into this thread. Apologies in advance... Can anyone direct to me a page with a clear set of rules, indicators, etc.? Thanks!
New to this thread, better the OP's last post on Oct 25 2011 before he went offline...(he passed away in 2012)
<quote>
So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY.

<unquote>
https://www.forexfactory.com/showthr...85#post5067585

If you think 79k posts is too many to read, you have three options:

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
  • #79,428
  • May 3, 2017 8:45pm May 3, 2017 8:45pm
Quoting DrForexMD
Ditto to the above... Emmanuel, both you and Davit here on FF are two genius who unselfishly help us understand Forex trading ! I am sure Eelfranz would have so proud of you two ! Thank you so much. Cudos and Cheers to you ! Sincerely, - John

Hi John,

I am not a genius and don't associate me with the other trader.
I am retired and I do not finance my forex trading with salary from any day job.
I do not have a gambling addiction and I trade with my children's and grandchildren's inheritance money.
I have been trading this same method for more than 10 years and do not change my trading methodology every 2 years.
We should not look at short term trading profitability. Real results is best measured in longer term 3 to 5 years with consistency.
Trading can be fun but only one has mastered trading the markets.

Cheers,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,429
  • May 3, 2017 8:50pm May 3, 2017 8:50pm
Quoting Dimi.A
Hi TMS traders, Hope you're all well and still following Big E's original methods successfully. Here is an early release of the On-chart Floating TDI an Stochastic here. {image}

very nice with those floating charts ... good job

I think this feature should be a standard in MT4 / MT5.....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,430
  • May 4, 2017 1:25am May 4, 2017 1:25am
Quoting emmanuel7788
{quote} Hi. That back-testing is 100% mechanical using 3 chart conditions. read post #78,728 : https://www.forexfactory.com/showthr...15#post9751315
Dear Emmanuel,

does "sequence" mean, that if condition 1 mets, than condition 2 has to met at the next bar and not the same bar?

Do you use a two day lockback stop or a 2 * ATR100 stop, or anything else? My backtests work better with lookback.

Thank you
  • #79,431
  • May 4, 2017 2:29am May 4, 2017 2:29am
AUDUSD took at brief pause this morning during the Asian session with Japan bank holidays. But there was no serious buying so for H4 swing traders, we must wait for the right moment to start buying or else we will be in floating drawdown which will lock up our trading capital. How long can you hold on to floating drawdown?

Right now, we have London session just open and we must see the reaction at the BRN 0.7400. More downside momentum at the moment.

The commodity currencies AUD, CAD and NZD are generally still looking weaker so we are selling AUDUSD and NZDUSD and buying USDCAD.
I would be looking at the price action around the RN 00 and 50 price levels and not assuming anything else. I know weekly pivot traders have the habit to buy/sell at the extreme levels S61, S100 and R61, R100, etc. These usually means they average down their positions when in floating losses.

So far the market has been kind to me during this first week of the month. My account for AUDUSD and USDJPY pairs has given me my 10% target for the 20 trading days cycle. Now I trade with extra caution and not give back too much in the coming days /week.

Attached Image (click to enlarge)
Click to Enlarge Name: TE TMSMEME CI500 May 4-2.png Size: 88 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,432
  • May 4, 2017 2:34am May 4, 2017 2:34am
Quoting zMinga
{quote} Dear Emmanuel, does "sequence" mean, that if condition 1 mets, than condition 2 has to met at the next bar and not the same bar? Do you use a two day lockback stop or a 2 * ATR100 stop, or anything else? My backtests work better with lookback. Thank you

Yes, check the 3 conditions when the current bar closed i.e. when the next bar opens.

When you say look back, do you mean bar - i, i+1 and i+2 , the current bar, the last bar and the previous 2 bar.
I check the PAC High and PAC Low of these 3 bars for the 'trend' direction.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,433
  • May 4, 2017 2:51am May 4, 2017 2:51am
Quoting okoso
{quote} Hi Emmanuel, Thank you for sharing your live trades via Trade Explorer. Learning from live trades of someone experienced like you is probably the best way of learning. I constantly monitor your TE to see how you manages your trades while market moves. May I have a question on your latest AUDUSD sell trades? April 28 D1 candle closed within PAC so I was expecting you close that position but you didn't and then again both May 1 and May 2 D1 candles closed within PAC with HA color change you were still building positions to that trade instead...
Quoting zMinga
{quote} I Think, Emm Trades The Weekly timeframe. That would explain all.
If I were trading D1 chart purely based on mechanical rules, then I would have exited all trades when that HA closed as exit signal.
But trading is more discretionary and I look at the overall market when I plan my trades.

Yes, I look at Weekly but I do not trade the Weekly chart. I look at weekly for the market condition during the week and get up to date.
AU has been trading sideways the whole of 2016 and the same since Jan to April 2017 and has not broken out of the range trading. See MN chart and you will know what I mean.
The MN range is good for short term trades and we must be very prepared for the swing highs and swing lows during the week and also during the month.
Always pay attention to PPA previous price action on H4 and also D1 to look for reversal and consolidation.

I did mention last week about the commodity pairs AU, NU and UC and pay attention to the London markets. A lot is going on in there.

Whether AU will break out of the current range trading we do not know. But it is good to follow this pair in the coming weeks and months and take advantage when the breakout happens and that can be our big bonus for this 2017 trading year.

Good Trading and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,434
  • May 4, 2017 3:18am May 4, 2017 3:18am
EURAUD Week 18
H4 trading with same mechanical rules using the PAC, HA and TDI
follow the Weekly price action.

This trade with the USDCAD trade are updated my Fx Blue account you can view it there.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 18 H4 PAC HA TDI entry.png Size: 88 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,435
  • May 4, 2017 3:50am May 4, 2017 3:50am
Quoting emmanuel7788
EURAUD Week 18 H4 trading with same mechanical rules using the PAC, HA and TDI follow the Weekly price action. This trade with the USDCAD trade are updated my Fx Blue account you can view it there. {image}
Hi emmanuel,

Could you check your PM? I have some questions about the Fx Blue account and the UC trade.

Thank you.
  • #79,436
  • May 4, 2017 6:54am May 4, 2017 6:54am
Added new extention to that daily chain of trades
Attached Image (click to enlarge)
Click to Enlarge Name: bas.png Size: 81 KB
  • #79,437
  • May 4, 2017 7:17am May 4, 2017 7:17am
Does anybody know of an indi which can open multiple timeframe charts of the same pair, in one window. I would like to open a H1, H4 and Daily chart of the same pair in one window and then compare the 3 different charts. Then I would like to select the TF I want to work on.
  • #79,438
  • May 4, 2017 7:35am May 4, 2017 7:35am
You don't need an indi - you just open the charts and save it as a profile.
  • #79,439
  • May 4, 2017 7:38am May 4, 2017 7:38am
Quoting Arabier
Does anybody know of an indi which can open multiple timeframe charts of the same pair, in one window. I would like to open a H1, H4 and Daily chart of the same pair in one window and then compare the 3 different charts. Then I would like to select the TF I want to work on.
Allso you can put an indicator wich gona show you direction only of M, W, D......
  • #79,440
  • Edited 7:54am May 4, 2017 7:40am | Edited 7:54am
A useful EA similar to cave manager and trading troll but this one will auto add SL and TP

very good for multiple trades on the same currency

Attached File(s)
File Type: ex4 Sleep Tight.ex4   10 KB | 442 downloads
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