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Trading Made Simple

  • #81,221
  • Aug 4, 2017 12:48pm Aug 4, 2017 12:48pm
Quoting irishcraig09
Hi everyone just getting back into TMS after a month of for honeymoon and still learning. I have carried on with my demo account and have 3 trades running can Emmanuel7788 or anyone else on here show me were i may have gone wrong or any other tips. Also am I missing any indicators on these charts ?? Thanks Craig EURUSD AUDUSD AUDNZD {image} {image} {image}
Hi,

First important thing is those pipware charts is not what should be our TMS trading charts. I only use them to look at the price action of different timeframes all in one single screen. It is a good tool for own study and analysis. The pipware tool is quite CPU intensive and can slow down you PC when you run them on several pairs.
On your TMS trading charts, you only need 3 indicators - the APB/HA candles, either the 5EMA or the PAC and one TDI. THE BN levels is good to look at where the price round numbers on our charts. All other information you need are available when you do your trade planning, for example the ATR, ADR, etc. These do not require any indicators in our trading charts. Keep our trading charts clutter free so that we can see and read the price action better.

Second, when I trade, I define my trading hours for this business. Now is wrong time to trade H4 and especially when it just after the NFP market. Simple rule is no H4 trades on Friday. Also when market opens on Monday, its day after NFP so same simple rule no trades on Mondays.

D1 trades, you can trade anytime and you only need to look for trades after the Day candle close to look for the best setups to trade.

Intraday H1 trading. This depends on which currency pairs you trade. If you trade the majors, then best time is still the London session open.

Do not trade the COMMOD crosses - AUDCAD, AUDNZD and NZDCAD, until you have more experience.

so much for now, its 4 am where I am and I wait for sunrise and hit the road for the weekend.

Have a Good Weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,222
  • Aug 4, 2017 12:52pm Aug 4, 2017 12:52pm
Quoting kenchk
GBPJPY - was in wide range sideways for many months, yesterday was BEEB, TDI green crossed below red and market base line, but the BEEB was very large (240 pips). Any one welling to take the risk to sell here? {image}

I am looking at this but only for the coming weeks.
There is potential but I wait for the next wave and empty space for it to fall.
There are other JPY pairs too and we listen to what comes out of the land of the rising sun.
Japan's PM Abe just made changes to his cabinet this week. Expect some changes in the coming weeks and what BoJ Kuroda will say.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,223
  • Aug 4, 2017 1:02pm Aug 4, 2017 1:02pm
Quoting emmanuel7788
{quote} Hi UK1, Good job. I am happy you made progress with your ME/ME trade manager. It will still take many more months for you to work on live trading and gain the required experience to deal with extreme market conditions like todays NFP. You recall my post last week on the A$5K project we started. https://www.forexfactory.com/showthr...2#post10135652 Today NFP is yet another real test how trading with ME/ME small positions can survive the huge volatility casued by market reaction to NFP. I had to cut some losses but...
hi emm in that acc how much % risk perbuild you take ?i only know you recommended only 1-2% perbuild
  • #81,224
  • Aug 4, 2017 1:17pm Aug 4, 2017 1:17pm
Quoting irishcraig09
Hi everyone just getting back into TMS after a month of for honeymoon and still learning. I have carried on with my demo account and have 3 trades running can Emmanuel7788 or anyone else on here show me were i may have gone wrong or any other tips. Also am I missing any indicators on these charts ?? Thanks Craig EURUSD AUDUSD AUDNZD {image} {image} {image}
Hi good day irishcraig09 can u direct me to the post/link where u got the multiple Tf tdi please?
  • #81,225
  • Aug 4, 2017 1:27pm Aug 4, 2017 1:27pm
Quoting emmanuel7788
{quote} Hi, I am looking at price bar patterns for bullish reversal or bullish setups when near support. On D1, at minimum 3 to 5 bars type of bar patterns. On W1, at minimum 2 bars type patterns. Unable to post any charts now. Experiencing problems with Chrome OS since last week and unable to solve that nagging problem on my travel laptop. based on my MN price swing levels - 1.3027, 1.2923 and 1.2706, between these levels it can be choppy on the lower TFs D1 and H4. I will look for H4 swing trades and see if these can turn out to be bullish reversal...

USDCAD potential for next week:

What I meant when I say
W1 minimum 2 bars reversal and
D1 minimum 5 bars reversal.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 31 closing.png Size: 55 KB


The question is how will you trade this next week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,226
  • Aug 4, 2017 1:30pm Aug 4, 2017 1:30pm
Quoting Bizkit
{quote} Hi good day irishcraig09 can u direct me to the post/link where u got the multiple Tf tdi please?

FAQs.

For people who do not read this thread on regular basis, they miss a lot.

Pipware charts by FF member stratman.


Post#76,270
https://www.forexfactory.com/showthr...59#post9588859
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,227
  • Aug 4, 2017 1:36pm Aug 4, 2017 1:36pm
Thanks Emmanuel this means a lot to me. Whilst I have done a lot of learning outside of FF, I have also learnt a lot from you, which I am thankful for

Quoting emmanuel7788
{quote} Hi UK1, Good job. I am happy you made progress with your ME/ME trade manager. It will still take many more months for you to work on live trading and gain the required experience to deal with extreme market conditions like todays NFP. You recall my post last week on the A$5K project we started. https://www.forexfactory.com/showthr...2#post10135652 Today NFP is yet another real test how trading with ME/ME small positions can survive the huge volatility casued by market reaction to NFP. I had to cut some losses but...
  • #81,228
  • Aug 4, 2017 1:53pm Aug 4, 2017 1:53pm
Quoting emmanuel7788
{quote} FAQs. For people who do not read this thread on regular basis, they miss a lot. Pipware charts by FF member stratman. Post#76,270 https://www.forexfactory.com/showthr...59#post9588859
Thank u emmanuel7788 for quick reply, I joined this week and I will take your advice to read our thread regularly
  • #81,229
  • Aug 4, 2017 2:20pm Aug 4, 2017 2:20pm
Hi prof Emmanuel.
For D1 me/me trading you mentioned that you enter add-ons only after a four hour period and look for crosses on the m15 tf so my question is if we are trading h4 should we only add ons after every 45 mins on m5 tdi crosses?
  • #81,230
  • Aug 4, 2017 2:41pm Aug 4, 2017 2:41pm
Thank You Emmanuel. I will download the new templates and indicators. Have a good weekend and safe trip will start fresh Monday.
Craig
  • #81,231
  • Aug 5, 2017 2:09am Aug 5, 2017 2:09am
Quoting emmanuel7788
{quote} USDCAD potential for next week: What I meant when I say W1 minimum 2 bars reversal and D1 minimum 5 bars reversal. {image} The question is how will you trade this next week.
Hi Emmanuel,
is EURAUD the same case?

On weekly, it has a 2 bar reversal with a nice cross crossing both red and yellow line.
While on the daily, it is already 8th candle.

I always have the question that.
If I have to follow the weekly chart for daily entry, the daily candle is usually in the 5th or sixth candle,
which violate the "enter on the first or 2nd candle" rules.

May you give me some opinion on it?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 56 KB
  • #81,232
  • Aug 5, 2017 3:58am Aug 5, 2017 3:58am
Quoting emmanuel7788
{quote} Hi, First important thing is those pipware charts is not what should be our TMS trading charts. I only use them to look at the price action of different timeframes all in one single screen. It is a good tool for own study and analysis. The pipware tool is quite CPU intensive and can slow down you PC when you run them on several pairs. On your TMS trading charts, you only need 3 indicators - the APB/HA candles, either the 5EMA or the PAC and one TDI. THE BN levels is good to look at where the price round numbers on our charts. All other information...
Great explanation and dedication to help new traders Emm! Keep it up! God Bless!
  • #81,233
  • Aug 5, 2017 8:31am Aug 5, 2017 8:31am
Quoting brian661
{quote} Hi Emmanuel, is EURAUD the same case? On weekly, it has a 2 bar reversal with a nice cross crossing both red and yellow line. While on the daily, it is already 8th candle. I always have the question that. If I have to follow the weekly chart for daily entry, the daily candle is usually in the 5th or sixth candle, which violate the "enter on the first or 2nd candle" rules. May you give me some opinion on it? {image}
What TDI is that please
  • #81,234
  • Edited Aug 6, 2017 12:42am Aug 5, 2017 9:55am | Edited Aug 6, 2017 12:42am
Quoting brian661
{quote} Hi Emmanuel, is EURAUD the same case? On weekly, it has a 2 bar reversal with a nice cross crossing both red and yellow line. While on the daily, it is already 8th candle. I always have the question that. If I have to follow the weekly chart for daily entry, the daily candle is usually in the 5th or sixth candle, which violate the "enter on the first or 2nd candle" rules. May you give me some opinion on it? {image}
Hi brian

May I have some input, sorry if I am wrong.
1. reversal must be at S/R.
2. We do not use TDI in weekly chart. We use only in daily & H4.
Ecad possible near resistance & risk:reward is not so good(not much free space)

Now if we look at Ucad as Emmanuel recommended this ucad is very beautiful set up. Thanks Emmanuel
1. we will have free space about 450-750pips.
2. Weekly candle is (BUEB)bullish engulf bar and closed above S/R & 200ema. Even though it is only 1 bar but it is very strong confluent.
3. Daily chart candle above PAC with 5bars(confirmed bullish setup).
NOTE: it might be down trend correction but the correction should be around 250pips. Still good.

Cheers,
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 183 KB
  • #81,235
  • Aug 5, 2017 11:55am Aug 5, 2017 11:55am
Hi all,

Here is another update of my EA. Please remember - do not use it on a real account. It's still in a testing phase.
This version solves a bug:

  1. In some cases it would close an open trade and reopen it shortly after (while on the same bar). This was caused because when checking the colour of the HA I forgot to also check if the currently open trade was actually older than the current bar. This problem would occur on sudden big moves like the NFP.

Attached File(s)
File Type: ex4 BiM_LRSF_06.ex4   104 KB | 255 downloads

Happy trading.
  • #81,236
  • Aug 5, 2017 3:21pm Aug 5, 2017 3:21pm
Quoting jansb000
Hi all, Here is another update of my EA. Please remember - do not use it on a real account. It's still in a testing phase. This version solves a bug: In some cases it would close an open trade and reopen it shortly after (while on the same bar). This was caused because when checking the colour of the HA I forgot to also check if the currently open trade was actually older than the current bar. This problem would occur on sudden big moves like the NFP. {file} Happy trading.
Thank you jansb000
Good contribution.
  • #81,237
  • Aug 5, 2017 5:49pm Aug 5, 2017 5:49pm
Quoting jansb000
Hi all, Here is another update of my EA. Please remember - do not use it on a real account. It's still in a testing phase. This version solves a bug: In some cases it would close an open trade and reopen it shortly after (while on the same bar). This was caused because when checking the colour of the HA I forgot to also check if the currently open trade was actually older than the current bar. This problem would occur on sudden big moves like the NFP. {file} Happy trading.
Thank you Jansb
  • #81,238
  • Aug 6, 2017 12:58am Aug 6, 2017 12:58am
Quoting pete.alfa
{quote} Hi brian May I have some input, sorry if I am wrong. 1. reversal must be at S/R. 2. We do not use TDI in weekly chart. We use only in daily & H4. Ecad possible near resistance & risk:reward is not so good(not much free space) Now if we look at Ucad as Emmanuel recommended this ucad is very beautiful set up. Thanks Emmanuel 1. we will have free space about 450-750pips. 2. Weekly candle is (BUEB)bullish engulf bar and closed above S/R & 200ema. Even though it is only 1 bar but it is very strong confluent. 3. Daily chart candle...
Thanks for advice.
For USDCAD, I am having a different price action.
probably because of different server time?

I am not sure should I enter it or not
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 64 KB
  • #81,239
  • Aug 6, 2017 3:31am Aug 6, 2017 3:31am
Quoting brian661
{quote} Thanks for advice. For USDCAD, I am having a different price action. probably because of different server time? I am not sure should I enter it or not {image}

if you look at the price Bar Chart or Japanese candlesticks, they are the same price action. You are looking at the APB/HA candles and do not have the price bar on them.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 32 BPP multi-charts.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,240
  • Aug 6, 2017 4:16am Aug 6, 2017 4:16am
Quoting brian661
{quote} Hi Emmanuel, is EURAUD the same case? On weekly, it has a 2 bar reversal with a nice cross crossing both red and yellow line. While on the daily, it is already 8th candle. I always have the question that. If I have to follow the weekly chart for daily entry, the daily candle is usually in the 5th or sixth candle, which violate the "enter on the first or 2nd candle" rules. May you give me some opinion on it? {image}

Why do you mix trading H4 and D1 charts?

Did the OP Big E trade D1 chart TF between 2008 and 2010?

His post#8703 23 July 2011, he mentioned that he would be testing trading Day chart and provide us his test results. Did he?
https://www.forexfactory.com/showthr...62#post4803962


I think you mix his rules for trading H4 chart when you want to trade D1 chart.

Do you think the H4 entry on APB#1 and APB#2 HA candles apply when we trade D1 chart TF?

And the 3 to 8 candles per price swing, do this also true on D1 charts TF? Look back to all your currency pairs charts from Jan 2011 till June 2017.

What is the number of H4 candles per swing high - low per week?

What is the average number of D1 candles per swing high - low per month?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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