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Trading Made Simple

  • #71,241
  • Sep 12, 2016 10:07am Sep 12, 2016 10:07am
Quoting emmanuel7788
{quote} {quote} Ok guys, I know I owe your oth my reply. I try to be brief in this reply. Busy tonight as usual with Big picture planning for all my 16 trading pairs. I know you two are not newbies, but it will take a few years of live trading experience and knowledge to be able to trade more pairs. So for newbies, I suggest start with only the majors - AUDUSD, EURUSD, GBPUSD, USDCAD, AUDJPY, EURJPY. Avoid the EURxxx and GBPxxx croses. I think it is better to pick those pair with small spread. Like Big E who has 6,000 hours trading experience, he...

Thank you, Emmanuel.

I'm working on it, and i will try not to rush and eager to see the immediate result. The foundation of TMS, money management and psychology should be what I need to focus on and consistently practice everyday.

Since, psychology plays an important part of trading, I really wish you can share with everyone on this topic. Because the effort and unlimited patience you put in this thread are amazing, it just makes me wonder should we also need to learn to contribute and add values to someone's else life in order to have a healthy mind? and then healthy mind leads to successful trading? please give us some thoughts and directions.

Also, I really would like you to share with us how do you organize your information. How do you organize your chart images, trading plans , pdf or something useful you found on web..etc. I see you have every images named with details, I think you must organize them in various folders by pair name or trading styles(1h, 4h, pos. trading) or by date? and then pull it out easily whenever you want to look again. But, i really think it's more than that. Is there any techniques or tricks you can help us based on your 40+ years of trading experience? I really want to have an "organized" and "neat" trading environment, please give me some directions.



Best regards,



Steven
  • #71,242
  • Sep 12, 2016 11:25am Sep 12, 2016 11:25am
Quoting emmanuel7788
{quote} {quote} Ok guys, I know I owe your oth my reply. I try to be brief in this reply. Busy tonight as usual with Big picture planning for all my 16 trading pairs. I know you two are not newbies, but it will take a few years of live trading experience and knowledge to be able to trade more pairs. So for newbies, I suggest start with only the majors - AUDUSD, EURUSD, GBPUSD, USDCAD, AUDJPY, EURJPY. Avoid the EURxxx and GBPxxx croses. I think it is better to pick those pair with small spread. Like Big E who has 6,000 hours trading experience, he...

Hi Emmanuel,

thank you for your reply. I have decided to keep my trading life more simple and just to concentrate on two pairs... I have chosen two I like, EURAUD and GBPUSD. To me, the PA of both pairs seem to be more "good natured" and easier to trade than eg EURUSD and others of the first group... at least my winning rate had been higher with those pairs. .... will see if it will continue ;-)

Best regards,
Best regards, blackfriday
  • #71,243
  • Edited 3:36pm Sep 12, 2016 1:47pm | Edited 3:36pm
I don't know if I'm doing it correctly but... please comment, I don't want to make a good buy or sell if it was lucky
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  • #71,244
  • Sep 12, 2016 6:24pm Sep 12, 2016 6:24pm
Hi Emmanuel

Would you mind confirming i have correct calculation on GU weekly ATR (52).

Weekly ATR (52) - 343 pips
Target 40% - 1.32241 + 137 = T1 - 1.3371
Target 60% - 1.32241 + 205 = T2 - 1.3439
Target 100% - 1.32241 + 343 = T1 - 1.3577

Based on above calculation i have attached H4 - with first two targets and entry at 1.32872.

Thanks again and i look forward to your reply and analysis.
Attached Image (click to enlarge)
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  • #71,245
  • Sep 12, 2016 6:31pm Sep 12, 2016 6:31pm
Quoting emmanuel7788
EURAUD Week 37 Sep 12 to 16: We should be looking at market reaction when it reaches RN 1.4950 on H4 and BRN 1.5000 on D1 chart. I am on the buyers side for now until it reverses or maybe it will not reverse this week. I don't know now but I see buyers since last week. {image}

EURAUD Week 37 H4 Sep 12:

Sometimes it works out the way we look for it. London market session changes everything for us.
True enough, the price action at RN 1.4950 gave a nice sell setup. Advanced TMS traders would have taken advantage of that PA setup and not wait for the APb tp close below the 5EMA.
Question is how many of you are confidence of PA and you can trade without the 5EMA... "Advance TMS" no more 5EMA.

Attached Image (click to enlarge)
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Previous resistance tested and broken , can it play as support?
Look at PPA (previous price action) and use these PPA as levels where we use as support and resistance. Use the BN price levels 00, 25, 50 and 75 and look at PPA.

Basic trading 101 for TMS traders:
Sellers overcome Buyers, hence creates 'resistance' on our trading charts.
Buyers overcome Sellers, hence creates the 'support' on our charts.

TMS traders, we sell when we see there are Sellers. We buy when see there are Buyers.

Good Trading days ahead this week.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,246
  • Sep 12, 2016 6:40pm Sep 12, 2016 6:40pm
Quoting caah
Hi Emmanuel Would you mind confirming i have correct calculation on GU weekly ATR (52). Weekly ATR (52) - 343 pips Target 40% - 1.32241 + 137 = T1 - 1.3371 Target 60% - 1.32241 + 205 = T2 - 1.3439 Target 100% - 1.32241 + 343 = T1 - 1.3577 Based on above calculation i have attached H4 - with first two targets and entry at 1.32872. Thanks again and i look forward to your reply and analysis. {image}
Hi,

small diference in few pips does not really matter.

ATR(52)W1 weeks - 343pips okay.
This weeks Low as it is now is 1.3234...

also note the ATR(100)D1 is 169 pips... conservative daily target.

pay attention to resistance above as market move up. Look out for small Price Bar and APB candles, look out for pullback price bars and small APB candle (body).
also not last week's W1 pin bar, this week we need to see buyer overrun the sellers. If not, then we may see a weekly bearish H4 reversal.
Meantime, it is buy direction on H4 until it reverses.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 37 Sep 13 H4 weekly Low.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,247
  • Sep 12, 2016 9:15pm Sep 12, 2016 9:15pm
Quoting AlexoBrawler
I don't know if I'm doing it correctly but... please comment, I don't want to make a good buy or sell if it was lucky {image} {image} {image}
Now I lost over $30 at the end of the last 4H period on the demo account... I don't know what went wrong but I want to learn and will keep going on... with your help of course
  • #71,248
  • Sep 12, 2016 10:47pm Sep 12, 2016 10:47pm
EC H4 trade.....
Attached Image (click to enlarge)
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Winners Never Quit, Quitters Never Win
  • #71,249
  • Sep 12, 2016 11:56pm Sep 12, 2016 11:56pm
Quoting hsn100
EC H4 trade..... {image}
what's the second MA?
  • #71,250
  • Sep 13, 2016 2:49am Sep 13, 2016 2:49am
Quoting hsn100
EC H4 trade..... {image}
superb trade - good money management (MM) ...... [i tink that should b 28pips right?]


Quote
Don't try to complicate it thinking it can't be this easy. Eelfranz (Big E)
  • #71,251
  • Sep 13, 2016 5:25am Sep 13, 2016 5:25am
Quoting eelfranz
1st Trading Chart... Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle... {image}
....there r entries on every chart
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  • #71,252
  • Sep 13, 2016 5:55am Sep 13, 2016 5:55am
Quoting AlexoBrawler
{quote} Now I lost over $30 at the end of the last 4H period on the demo account... I don't know what went wrong but I want to learn and will keep going on... with your help of course
First off, Hindsight is great but I will give you my thoughts.
ON GBPUSD
0. I really did not think this was a bad trade, it seriously could of worked well. in fact, I made 50 pips using the 1H chart off this move.
1. On my 4h charts it was the third candle, of the same colour, we know from previous posts we can expect 3-8 of the same colour. Taking it on the 3rd limits profit potential so caution.
2. Daily chart is in downtrend, 1Week chart has strong reversal signal, remember you have to go in the general trend direction. Pretty much, you can expect it to retrace on a 4 hour chart due to all the daily and weekly sellers. another caution.
3. If you want to take such a trade as this, it bears watching and exiting as soon as it goes against you. (point 2 and 3) Use the green hook over to exit(for a loss in this case) (on my chart exit was at 1.329 area. a few hours ago)
  • #71,253
  • Sep 13, 2016 6:51am Sep 13, 2016 6:51am
Quoting emmanuel7788
Today is one of those rare Mondays when the weaker AUD, NZD and CAD gave use some very good follow through trades looking at D1 chart. Hope many of you caught the setups today. But watch out because these commodity pairs can change very quickly this week during London session. {image}
Hi, can you tell me where i can find the indicator for this dashboard. Thanks
  • #71,254
  • Sep 13, 2016 9:51am Sep 13, 2016 9:51am
Quoting griffinssoul
{quote} superb trade - good money management (MM) ...... [i tink that should b 28pips right?] {quote}
Thanx a lot GF, u're absolutely right it was 28 however, closed it manually at 22 when i saw the candle is pulling back (normally i do that, better to save pips, than to hit SL).
Regards.
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Winners Never Quit, Quitters Never Win
  • #71,255
  • Sep 13, 2016 9:57am Sep 13, 2016 9:57am
Quoting AlexoBrawler
{quote} what's the second MA?
Hi! i'm using the synergy PAC, it has inbuild MAs, that's helpful to avoid a lot of bad trades. Hope that helps.
Regards.
Winners Never Quit, Quitters Never Win
  • #71,256
  • Sep 13, 2016 10:02am Sep 13, 2016 10:02am
GU H4 trade. Earlier lost 45pips, but now recovered the loss.
Attached Image (click to enlarge)
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Winners Never Quit, Quitters Never Win
  • #71,257
  • Sep 13, 2016 11:30am Sep 13, 2016 11:30am
Quoting CptOrlando
{quote} First off, Hindsight is great but I will give you my thoughts. ON GBPUSD 0. I really did not think this was a bad trade, it seriously could of worked well. in fact, I made 50 pips using the 1H chart off this move. 1. On my 4h charts it was the third candle, of the same colour, we know from previous posts we can expect 3-8 of the same colour. Taking it on the 3rd limits profit potential so caution. 2. Daily chart is in downtrend, 1Week chart has strong reversal signal, remember you have to go in the general trend direction. Pretty much, you...
thanks, any advice is welcome, will keep learning thanks to you guys
  • #71,258
  • Sep 13, 2016 11:31am Sep 13, 2016 11:31am
Quoting griffinssoul
{quote} ....there r entries on every chart {image}
Can you tell me what indicator is that? in the bottom right corner
  • #71,259
  • Sep 13, 2016 2:53pm Sep 13, 2016 2:53pm
Quoting eelfranz
My trade this morning at 7am... hour chart... 2 full lots... Candle 2 started pulling back so I Exited... 53 pips profit... {image}
Hello everybody!

I'm in the reading of all Big E's posts and something don't add up.

In post 1060 he says that he entered on a bounce (on candle #1) but clearly the TDI could not have been indicating a bounce at the time candle #1 opened.

The TDI shows a bounce now that candle#1 closed much higher which makes the TDI go higher, hence shows a bounce,

I wonder how he knew it was a bounce?

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  • #71,260
  • Sep 13, 2016 3:03pm Sep 13, 2016 3:03pm
Quoting gditmf9
{quote} Hello everybody! I'm in the reading of all Big E's posts and something don't add up. In post 1060 he says that he entered on a bounce (on candle #1) but clearly the TDI could not have been indicating a bounce at the time candle #1 opened. The TDI shows a bounce now that candle#1 closed much higher which makes the TDI go higher, hence shows a bounce, I wonder how he knew it was a bounce? {image}
Another one!

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