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Trading Made Simple

  • #23,541
  • Aug 18, 2013 10:18am Aug 18, 2013 10:18am
Hi Erol

Great contribution. The posts are growing like storm right from the beginning. I was wondering how to spare time to read them. You have helped to pick up those from the important posts. By the way I would like to know what is the plan C. That is not mentioned there. Do we have to make our own plan C?

Also in the post 18724 he left the question unanswered "How would you know determine if this is a risky H4 set up?" That short entry was promissing but later the market went up. I could find a support line there. The red candle crossed the support line but closed above that support line to move upwards. That suggests that we need to hold our trade entries around these support resistance lines until close of the candle.

Thanks for your contributions.

Fx...
  • #23,542
  • Edited 12:33pm Aug 18, 2013 11:56am | Edited 12:33pm
Quoting gasj00
{quote} Erol thk so much , I study the chart and the note tha emmanuel write again thk so much base on that I made analisys could you please pick a look {image}
gasj00

Emmanuel's chart was based on G/U your chart is EJ....also we don't know what your reasons for entry were, or whether it was long or short. Do you have the 5 reasons checked of as Emmanuel has explained in previous posts? Do you look @ the APB price bars. You seem to be using a different trading platform.
  • #23,543
  • Aug 18, 2013 12:07pm Aug 18, 2013 12:07pm
Quoting Fx-optimus
Hi Erol Great contribution. The posts are growing like storm right from the beginning. I was wondering how to spare time to read them. You have helped to pick up those from the important posts. By the way I would like to know what is the plan C. That is not mentioned there. Do we have to make our own plan C? Also in the post 18724 he left the question unanswered "How would you know determine if this is a risky H4 set up?" That short entry was promissing but later the market went up. I could find a support line there. The red candle crossed the...
FX,

There's no shortcuts...you have to make the time to read them. To shorten this process you could just focus on Emmanuels posts if you trade 4hr or PHx62 if you trade 1 hr charts.


Plan C is when both Plan A & B fails you.

The references to post numbers are intended to draw attention to specific areas of TMS 4h trading for people that are finding it hard to navigate this thread, or don't want to invest the time into looking at what TMS 4H trading truly entails...a system of interlinking parts. These references to post numbers should not act as a substitute for reading the whole thread from start to finish...until this is done (reading the thread from start to finish!) you will not be able to see the important focus points to implement to your system in-order to enhance your success of trading TMS on a 4hr time frame in a consistent (and consistently profitable) way.
  • #23,544
  • Aug 18, 2013 12:42pm Aug 18, 2013 12:42pm
Any one got the answer to this...?

If one is an apple, two is an orange, three is a banana - What are numbers four and five?
  • #23,545
  • Aug 18, 2013 3:00pm Aug 18, 2013 3:00pm
Quoting Erol
{quote} FX, There's no shortcuts...you have to make the time to read them. To shorten this process you could just focus on Emmanuels posts if you trade 4hr or PHx62 if you trade 1 hr charts. Plan C is when both Plan A & B fails you. The references to post numbers are intended to draw attention to specific areas of TMS 4h trading for people that are finding it hard to navigate this thread, or don't want to invest the time into looking at what TMS 4H trading truly entails...a system of interlinking parts. These references to post numbers should not...
Hi Erol, can you explain a little bit more about Plan A, B , C on daily basis

A little about my daily routine when planning,

First I read Daily Chart Analysis of babypips

Second I plan and predict where the price might go today for any currency pair that I intend to trade

I make mostly a plan A, and B, focus on A, try as much as possible to follow the plan

Example for plan A and , this is how I view EUR/JPY

Am still learning how to probably plan though
Attached Image (click to enlarge)
Click to Enlarge Name: PlanA-B.jpg Size: 235 KB
I Have Learned to Take Some Losses to Make Profits
  • #23,546
  • Edited 4:09pm Aug 18, 2013 3:17pm | Edited 4:09pm
Quoting TheScorpS
{quote} Hi Erol, can you explain a little bit more about Plan A, B , C on daily basis A little about my daily routine when planning, First I read Daily Chart Analysis of babypips Second I plan and predict where the price might go today for any currency pair that I intend to trade I make mostly a plan A, and B, focus on A, try as much as possible to follow the plan Example for plan A and , this is how I view EUR/JPY Am still learning how to probably plan though {image}
Hi Scorp,

See post 18418, then read over the references to big picture planning. This is how we have been shown to formulate our plans. We also need proper money management using ME/ME criteria & an R expectancy when we trade (to name a few other things to incorporate into a system)

In reference to your E/J plan A, B, C what has made you formulate this plan other than what you have read on baby-pips daily chart analysis? How do you plan & predict? The key here is plan not predict as we don't no what the market will throw at us!

The question here is how can we truly be confident in our trading if its based on someone else's analysis...are these our beliefs about the market or someone elses? Have you written down your thought about the big picture? Have you defined a process to monitor it?

We have been shown examples of the tools in this thread to create high probability trades...its up to us to utilize what we have been shown...i suggest you take a closer look at Emanuel's references to big picture planning and its benefits and not just use the examples i have referenced but search the entire thread for references to his big picture planning!

Furthermore, have you prepared a proper working document on your trading to define many of the elements that have been outlined in the pdf that was attached in post 23,294

If you really need a reference to what a plan c could be - see post: 16493
  • #23,547
  • Aug 18, 2013 3:59pm Aug 18, 2013 3:59pm
I have read alot of the thread but it is impossible to read all because there are so many entries. Pardon my ignorance because I am very new but I don't seem to have the indicators that are used in this setup on my meta 4 traders platform. How would i get these indicators and incorporate them into my trading platform. Please excuse my ignorance and thank you for you time.
  • #23,548
  • Aug 18, 2013 4:06pm Aug 18, 2013 4:06pm
Quoting Erol
{quote} Hi Scorp, See post 18418, then read over the references to big picture planning. This is how we have been shown to formulate our plans. We also need proper money management using ME/ME criteria & an R expectancy when we trade (to name a few other things to incorporate into a system) In reference to your E/J plan A, B, C what has made you formulate this plan other than what you have read on baby-pips daily chart analysis? How do you plan & predict? The key here is plan not predict as we don't no what the market will throw at us! The question...
First of all, thanks for your replay, about these plans, I plan them myself and not from others sources, I just use babypis to learn daily planning and not use their ideas to plan, and then I play my own, this what am thinking is a way to learn, see what others do, do it your self, hope am correct

lots of information to grasp, I thought that if EUR/JPY stays in the channel, we can trade the top or bottom , if PA break above and close above daily high, look for a retracement and look for buy and the way for sell breakout entry, if PA break below daily low and closes below, look for a retracement and short the pair

lots of info that I have to reread your post to grasp, especially on money management, still though I didnt dig deeply in mm, but trying recently to starts foundations

Thanks again for your time and help,
Your thoughts are much appreciated
I Have Learned to Take Some Losses to Make Profits
  • #23,549
  • Aug 18, 2013 4:11pm Aug 18, 2013 4:11pm
Quoting Erol
Any one got the answer to this...? If one is an apple, two is an orange, three is a banana - What are numbers four and five?

4 is two oranges and 5 is an orange and a bananna
  • #23,550
  • Aug 18, 2013 4:12pm Aug 18, 2013 4:12pm
Quoting Erol
{quote} gasj00 Emmanuel's chart was based on G/U your chart is EJ....also we don't know what your reasons for entry were, or whether it was long or short. Do you have the 5 reasons checked of as Emmanuel has explained in previous posts? Do you look @ the APB price bars. You seem to be using a different trading platform.
Hello Erol thk to look my chart 18227 emmanuel list this
1) TDI cross, bounce, 12-2 , 4-6
2) APB candle #1 and #2
3) PA
4) Supp/Res
5) Stoch confirm or higher TF confirm the Primary Trend you want to trade.


in this moment I try with my broker plataform, but I see this
in the line where I made the short
1-tdi corss 12-2
2-apb #1
3-break little sopport
4-supp break
5-croos down
  • #23,551
  • Aug 18, 2013 4:12pm Aug 18, 2013 4:12pm
Quoting TheScorpS
{quote} If we sell here we are selling at swing low, where we should be looking for buying from swing low BEOB would be very good candle formation if taken at support and resistance ie BEOB at swing high for sell and BEOB at swing low for buy Look at the chart , hope I explain it right though Regards {image}
Thank you TheScorps for pointing me to it!
  • #23,552
  • Aug 18, 2013 4:21pm Aug 18, 2013 4:21pm
Quoting Britpip7
{quote} On a Friday it is more than likely profit taking before close of market. Watch for Market Open and see where PA heads after the initial gap, or wait until volume picks up at LO.
Thanks Britpip7, I'll be there....
  • #23,553
  • Aug 18, 2013 4:49pm Aug 18, 2013 4:49pm
Quoting jodwayne
{quote} 4 is two oranges and 5 is an orange and a bananna
Anyone else with an answer?
  • #23,554
  • Aug 18, 2013 6:40pm Aug 18, 2013 6:40pm
Quoting gasj00
{quote} Hi emmanuel thk for the lesson but I would like to know is after 2 or 3 APB and close below the ema5 and the tdi still down can I assumen the pressens of the seller? thk again

hi gasj00,

We must never assume anything when we trade.
We trade what we see on our charts.

Even with a TDI cross and APBs candles #1 and #2, both these conditions does not always give a winning trade. We need to see the Price Action and using the candlesticks we can read the market sentiments. Combining these together will show us if we have a higher probability setup.
Trading with Japanese Candlestick needs time to learn and practice.

To trade GU this week needs patience and I mention the resistance zone above which we need to pay attention to. The weekly momentum is still UP and the Day is also UP until we see a reversal.
Take a look at the MN and W1 charts candles. If you recall one of my post made when July close, i mention that if I want to sell, I would follow the May MN candle.
But we saw how August month rallied. This rally is still intact and do not be surprise when it goes up to 1.6000.
So if there is any selling this week and next week, we are trading the upper wick of the August MN candle. Know what I mean.

I am talking about 4H swing trading and longer term position trading. For H1 intraday trading, we can trade buy and sell in the same day which most traders here are more interested in.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,555
  • Aug 18, 2013 6:48pm Aug 18, 2013 6:48pm
Quoting gasj00
{quote} Erol thk so much , I study the chart and the note tha emmanuel write again thk so much base on that I made analisys could you please pick a look {image}
Hello gasj00,

I see little movement in those last few candles. They have formed a mini channel in your channel, a narrow range. It is tough to trade in a ranging market. The best is to trade the wide ranging markets and the the trending ones.
  • #23,556
  • Aug 18, 2013 6:50pm Aug 18, 2013 6:50pm
Quoting Erol
Any one got the answer to this...? If one is an apple, two is an orange, three is a banana - What are numbers four and five?
Erol,

Nice one! You got me thinking. I was thinking of peaches, apricots, prunes, kiwis .... all in my one basket.

You must have gotten bored posting alone and so few people bothered to respond.

You spend a lot of weekend time and make all those references to help the people here. You'll will Be Blessed.

I'll try position building on GU this week.

Trade Well this week.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,557
  • Aug 18, 2013 6:54pm Aug 18, 2013 6:54pm
Quoting emmanuel7788
{quote} Erol, Nice one! You got me thinking. I was thinking of peaches, apricots, prunes, kiwis .... all in my one basket. You must have gotten bored posting alone and so few people bothered to respond. You spend a lot of weekend time and make all those references to help the people here. You'll will Be Blessed. I'll try position building on GU this week. Trade Well this week. regards, EMMANUEL
You seem like an awesome guy. I've seen you post here and there and always positive. Good attitude for forex game. Good luck with your trading sir
trading on demo is not trading
  • #23,558
  • Aug 18, 2013 6:54pm Aug 18, 2013 6:54pm
Quoting Erol
{quote} Anyone else with an answer?
4 is 4 apples. And 5 is 5 apples. Lol

Have a great trading week ahead
  • #23,559
  • Aug 18, 2013 7:03pm Aug 18, 2013 7:03pm
Quoting markgrejaldo
{quote} 4 is 4 apples. And 5 is 5 apples. Lol Have a great trading week ahead
your close....
  • #23,560
  • Aug 18, 2013 7:10pm Aug 18, 2013 7:10pm
Quoting emmanuel7788
{quote} Erol, Nice one! You got me thinking. I was thinking of peaches, apricots, prunes, kiwis .... all in my one basket. You must have gotten bored posting alone and so few people bothered to respond. You spend a lot of weekend time and make all those references to help the people here. You'll will Be Blessed. I'll try position building on GU this week. Trade Well this week. regards, EMMANUEL
Hi Emmanuel,

Nice to see you here. Just a tip on the riddle...The answers in the question - its like trading what you see not what you think ;-) True, there was a lot of people on here over the weekend with little interaction but I guess that goes back to your point on the preference of trading 1H than the 4H strategy and more viewers than members. Thanks for the channeling example another one to add to your repertoire of posts eh!

Take care,

Erol
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