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Trading Made Simple

Quoting emmanuel7788
{quote} NZDUSD Week 23 June 7 trades update: Move trailing SL to below yesterday's Low since today made a Higher High but the day has not closed yet. Most likely I will close all trades tomorrow. {image}
emmanuel, what MA you use on last chart? hi and low
Quoting emmanuel7788
While we all wait for the results of the UK elections, why not try this quiz: {image}
this is my thoughts
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edit: or it may just keep going up, but 0.72xx is strong W1 lvl
Quoting emmanuel7788
While we all wait for the results of the UK elections, why not try this quiz: {image}
hi emmanuel
2017/06/05 NZDUSD D1 to determine the direction of the long
How do you open long positions in H4 and H1?
Where is my trailing stop?

thanks
Do not understand English, forgive me with google translation
Updates:

  1. Heiken Ashi APB
  2. --------------------
  3. Added Daily Open Line (DOL) with DOL range high & low

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You may now download or ask technical questions from indicator development journal FF thread >>> here
Intelligence is the ability to adapt to change. -- Stephen Hawking
GJ short. Target hit for +149 pips.
News candle went in my favor
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Quoting Maule
GJ short. Target hit for +149 pips. News candle went in my favor {image}
Just curious, why did you hold the trade when you had a cross of the TDI around the 32 line for a buy signal?
What was your stop?

Thanks.
Quoting s854110
{quote} hi emmanuel 2017/06/05 NZDUSD D1 to determine the direction of the long How do you open long positions in H4 and H1? Where is my trailing stop? thanks

Hi,

on the chart timeframe you want to trade, use the PAC rule to pick your entry setup candle.

for initial stop loss, use one of the following:-
1) use price action seen, place your initial SL below the last swing low in this case it is a Buy

2) use the opposite side of the PAC, in the case of buy, place iSL below the PAC Low.

3) if you use multiple entries, use the low of the previous 2 days' low.

when you trade H1, the trailing stop is previous 2-day bars low only when you see there are high high day bars.

the same for H4 swing trading, use the low of the previous 2-weeks low, but make sure there are higher high weekly bars.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
NZDUSD hit 10 pips below 0.7200...

do you believe that is brokers stop hunting?

I believe there are lots of orders to fill. There are limits orders to fill.
If you are buyer, where do you place your trailing stops? All orders including your trailing stop orders will be seen and when there is money to be made filling your orders, you can be sure your trailing stop orders will be filled.

we retail traders have no way of knowing the orders quantity. The market does not care about any technical indicators predicting price levels where it will react or reverse. It is fruitless to chase after reversals by trying to pick tops and bottoms using technical indicators and let your trading capital be locked in floating losses until the market actually turn around for you to take few hundreds pips profits but suffered thousands pips of floating losses.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
GU .... seems to respect 1.2700 price
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Intelligence is the ability to adapt to change. -- Stephen Hawking
Quoting v2vboni
GU .... seems to respect 1.2700 price{image}

who have very deep pockets to drive price down 200pips from 1.2900 to buy at that 1.2700 level?

what if you can see the actual real volume of orders at 1.2700?

but without central exchange for spot forex, we cannot see the real transacted orders volume.

beware around London lunch time today Friday June 9.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} who have very deep pockets to drive price down 200pips from 1.2900 to buy at that 1.2700 level? what if you can see the actual real volume of orders at 1.2700? but without central exchange for spot forex, we cannot see the real transacted orders volume. beware around London lunch time today Friday June 9. {image}
no... we cannot... anyway, I only have these below. Oanda Order book

how to read...
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Intelligence is the ability to adapt to change. -- Stephen Hawking
Quoting c0mputernick
{quote} Just curious, why did you hold the trade when you had a cross of the TDI around the 32 line for a buy signal? What was your stop? Thanks.
My stop was above the swing high at the (sub aa) or 143.882 if you prefer.
as for the buy signal...notice that yellow trend line I drew and the 50 moving average both heading down. Also the Daily GJ is heading Down. My bias was bearish so that u-turn at the 32 on the TDI screamed "counter Trend Trade" for me so I ignored it and obeyed the main trend since that was just a small correction.
If I was a scalper that would be a great opportunity, but this strategy is mainly a swing trade so it's in line with the main trend.
...and also took the correlated pairs for GU at 95% positive for GA.
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...GU update... closed, tp hit.
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.. GA update, trailing stop hit
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Intelligence is the ability to adapt to change. -- Stephen Hawking
EN target hit for +118.7 pips
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Quoting emmanuel7788
{quote} Hi, on the chart timeframe you want to trade, use the PAC rule to pick your entry setup candle. for initial stop loss, use one of the following:- 1) use price action seen, place your initial SL below the last swing low in this case it is a Buy 2) use the opposite side of the PAC, in the case of buy, place iSL below the PAC Low. 3) if you use multiple entries, use the low of the previous 2 days' low. when you trade H1, the trailing stop is previous 2-day bars low only when you see there are high high day bars. the same for H4 swing trading,...
hi emmanuel

ENTER how many points will be BE? 0.5R, 0.7R?
H4 TDI 68 inappropriate deal, MBL 68 does not look good
D1 after the start of retracement, you do not worry?
05/18~05/19

1 ~ 7 Which deal do you like, forbid which deal
I like 2) 4) 6) trade
3) 5) 7) TDI does not look good, there is the risk of a single chase
thanks

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Do not understand English, forgive me with google translation
Quoting s854110
{quote} hi emmanuel ENTER how many points will be BE? 0.5R, 0.7R? H4 TDI 68 inappropriate deal, MBL 68 does not look good D1 after the start of retracement, you do not worry? 05/18~05/19 1 ~ 7 Which deal do you like, forbid which deal I like 2) 4) 6) trade 3) 5) 7) TDI does not look good, there is the risk of a single chase thanks {image} {image}
in the first picture I see some entries were the Heiken Ashi didn't close outside the PAC, did you recognize this? Also is TDI in right condition? for long green over red/yellow and 50 and short vice versa?
Quoting Deichkind
{quote} in the first picture I see some entries were the Heiken Ashi didn't close outside the PAC, did you recognize this? Also is TDI in right condition? for long green over red/yellow and 50 and short vice versa?
hi deichkind

As far as I know there are two:
1) HA close outside the PAC
2) bar close outside the PAC
I am currently using 2)

D1 TDI lags behind the price, wait TDI determine the cross, you may miss many opportunities
Can not rely too much on TDI, to focus on PASR
I have the wrong place also please advise

thanks
Do not understand English, forgive me with google translation
Quoting emmanuel7788
{quote} who have very deep pockets to drive price down 200pips from 1.2900 to ..................... beware around London lunch time today Friday June 9. {image}
Hi Emm.
How could you know about that timing??
Really curious, a unexpected 40 pips move in 4 minutes took my SL ( BE+4) I was wabout 40 in green and tried to hunt the GAP.
Im really intrested about your answer.


Stay tuned
Guido
Risiko birgt immer auch die Chance
Was on late shift at work and decided to play around with the GBPUSD M1 using TDI and PA. First entry admittedly wasn't using TDI but simply my gut feeling that it would not drop below 1.27000 BRN. Reasoning behind this is that although the UK elections have caused some weakness in GBP this is only temporary and USD is weak at the moment too so I could not see a continuation of the down trend.

Second and 3rd entries were as I was sure it was going reverse as TDI hit 32 level. After my 2nd entry it did continue down again but I was confident in my analysis and entered again as it went lower.

Moving SL to BE and then leaving these open over the weekend as I can only see further strength in GBP as people realize that the election results are not really that big of a deal at all. Markets always seem to over react to thsi kind of news and then gradually correct. OBviously this could all be wrong but I am fairly confident.

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Quoting Sesamstrasse
{quote} Hi Emm. How could you know about that timing?? Really curious, a unexpected 40 pips move in 4 minutes took my SL ( BE+4) I was wabout 40 in green and tried to hunt the GAP. Im really intrested about your answer. Stay tuned Guido


Hi Guido,

While Emm is not here i'd like to offer my thoughts, could be wrong obviously.

The elections last night caused a big down move for all GBP pairs. At lunch time today the leader of the party with the most votes and the current prime minister, Theresa May, visited the queen to request the permission to form a new government. There was the possibility that the queen could refuse ( Among other reasons, Theresa called this election to try and win more seats but it kind of backfired on her and she actually lost seats to the main opposition whilst still keeping the majority, not to be confused with the overall majority which resulted in us having a hung parliament) this could have caused massive moves either way.
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