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  • #81,581
  • Aug 23, 2017 6:37pm Aug 23, 2017 6:37pm
Quoting emmanuel7788
Week 33 Aug 16 : continuation trading: - AUDUSD - sell GBPAUD - sell GBPCAD - sell EURNZD - buy

Update to the above post:


AUDUSD - stop trading, review Big Picture
GBPAUD - continuation with sell
GBPCAD - continuation with sell
EURNZD - yesterday strong push up. Today open gap down. Caution with buy.

EURUSD - buy on the breakout of resistance.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,582
  • Aug 23, 2017 6:42pm Aug 23, 2017 6:42pm
Trade Report Week 31 to 34.

Attached Image (click to enlarge)
Click to Enlarge Name: Trade Report week 34 Aug 24 TOK.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,583
  • Aug 23, 2017 6:58pm Aug 23, 2017 6:58pm
Quoting emmanuel7788
{quote} XAUUSD makes new 2017 high ... breaking its double tops. more new highs in the making for the coming weeks and months. keep eyes on D1 chart price action and buy only when its close price is above its 10EMA. {image}

XAUUSD Aug 24 D1 Double Inside Bar DIB ... opportunity

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Week 34 AUg 24 DIB.png Size: 55 KB


How do you trade the DIB?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,584
  • Edited 8:18pm Aug 23, 2017 8:06pm | Edited 8:18pm
Quoting emmanuel7788
{quote} Update to the above post: AUDUSD - stop trading, review Big Picture GBPAUD - continuation with sell GBPCAD - continuation with sell EURNZD - yesterday strong push up. Today open gap down. Caution with buy. EURUSD - buy on the breakout of resistance.
AUDUSD - stop trading, review Big Picture
GBPAUD - continuation with sell
GBPCAD - continuation with sell
EURNZD - yesterday strong push up. Today open gap down. Caution with buy.
EURUSD - buy on the breakout of resistance.

Emmanuel,

EU D1 has been in a consolidation for 14 days. Break 1.18850 long, 1.1727 short.

Frank
  • #81,585
  • Aug 23, 2017 8:16pm Aug 23, 2017 8:16pm
Quoting emmanuel7788
Trade Report Week 31 to 34. {image}
Very nice! and inspiring

SL around 420 pips from highest order, and 50 pips distance between orders, a total risk of something around 1800 pips considering the sum of all positions with 50 pip distance each (400+350+300+250+200+150+100+50) if no position got "skipped"
at same time MEME is a beautifull money machine, you must have balls of steel on trusting your directional bias...
but if the direction is right...

thanks for sharing
  • #81,586
  • Aug 23, 2017 9:06pm Aug 23, 2017 9:06pm
Quoting Frank0
{quote} AUDUSD - stop trading, review Big Picture GBPAUD - continuation with sell GBPCAD - continuation with sell EURNZD - yesterday strong push up. Today open gap down. Caution with buy. EURUSD - buy on the breakout of resistance. Emmanuel, EU D1 has been in a consolidation for 14 days. Break 1.18850 long, 1.1727 short. Frank

Yes. I am patient with this and I'll in buy mode also buy mood. Worst case I cut loss with equity protection.
It is waiting for Friday and Saturday events.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,587
  • Aug 23, 2017 9:15pm Aug 23, 2017 9:15pm
Quoting mokuro89
{quote} Very nice! and inspiring SL around 420 pips from highest order, and 50 pips distance between orders, a total risk of something around 1800 pips considering the sum of all positions with 50 pip distance each (400+350+300+250+200+150+100+50) if no position got "skipped" at same time MEME is a beautifull money machine, you must have balls of steel on trusting your directional bias... but if the direction is right... thanks for sharing

That hard Stop Loss is set in my broker's terminal. Worst case scenario just in case my VPS loses connection to the broker and I am not aware of.

Anyway my real cut loss is much less than that what you calculated in term so of pips. I have both global equity protection and account balance protection set for that 5 pairs in one huge basket of 5 pairs traded. In the event things get bad for this basket account, I cut losses when equity and/or account balance drop to between 10% and 20%. I check this every day and also get alert by the trade manager for every 5% drop in either.

Can you imagine even if I get negative pips my account still positive.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,588
  • Aug 23, 2017 10:15pm Aug 23, 2017 10:15pm
Quoting emmanuel7788
{quote} XAUUSD Aug 24 D1 Double Inside Bar DIB ... opportunity {image} How do you trade the DIB?
Hi Emmanuel,

How do you trade the DIB?

Technically, if you are aggressive, you could enter the trendline breakout if not better to enter the breakout of mother bar of DIB. Also you could go down to lower timeframe and look for better PA entry. These are what I learned from from you teaching here.

But this particular case of XAUUSD is a tricky one. I have not seen you posting trades on gold on lower time frame than D1, so going to lower time frame is not an option, as not an aggressive trader, use of trend line breakout is not an option either.

I would only trade the breakout of mother of DIB to the upside with D1 close above that historical line 1296 and also BRN 1300.

Thank you again for your great teaching.

Okoso
  • #81,589
  • Aug 23, 2017 10:41pm Aug 23, 2017 10:41pm
Quoting okoso
{quote} Hi Emmanuel, How do you trade the DIB? Technically, if you are aggressive, you could enter the trendline breakout if not better to enter the breakout of mother bar of DIB. Also you could go down to lower timeframe and look for better PA entry. These are what I learned from from you teaching here. But this particular case of XAUUSD is a tricky one. I have not seen you posting trades on gold on lower time frame than D1, so going to lower time frame is not an option, as not an aggressive trader, use of trend line breakout is not an option either....
Sory mate for asking wht is BRN?many abbreviation i dont know wht they are..
  • #81,590
  • Aug 23, 2017 11:11pm Aug 23, 2017 11:11pm
Quoting OnlyPA
{quote} Sory mate for asking wht is BRN?many abbreviation i dont know wht they are..
Round numbers
Attached File(s)
File Type: ex4 BN Levels v1.02.ex4   15 KB | 451 downloads
  • #81,591
  • Aug 24, 2017 2:20am Aug 24, 2017 2:20am
Quoting emmanuel7788
{quote} That hard Stop Loss is set in my broker's terminal. Worst case scenario just in case my VPS loses connection to the broker and I am not aware of. Anyway my real cut loss is much less than that what you calculated in term so of pips. I have both global equity protection and account balance protection set for that 5 pairs in one huge basket of 5 pairs traded. In the event things get bad for this basket account, I cut losses when equity and/or account balance drop to between 10% and 20%. I check this every day and also get alert by the...
This protection sounds very interesting can you elaborate more on that topic or direct me where I could learn more?
  • #81,592
  • Edited 9:48am Aug 24, 2017 3:15am | Edited 9:48am
Quoting emmanuel7788
{quote} Update to the above post: AUDUSD - stop trading, review Big Picture GBPAUD - continuation with sell GBPCAD - continuation with sell EURNZD - yesterday strong push up. Today open gap down. Caution with buy. EURUSD - buy on the breakout of resistance.

Hi Emm.
Totally agree, AU is done..
I had AN on my list .. and itīs not grouped to EN.. a wonderful weekly outcast last weekend ^^
..just forgot to allow autotrading after restarting my seperate D1 / Big picture computer.

.. otherwise It would look like the pic below ;-)
(EN since 2.8.2017)

Stay tuned
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement pic 24.8..gif Size: 6 KB
Risiko birgt immer auch die Chance.
  • #81,593
  • Edited 4:04am Aug 24, 2017 3:40am | Edited 4:04am
*deleted*

Found
  • #81,594
  • Aug 24, 2017 6:30pm Aug 24, 2017 6:30pm
AUDNZD Week 34 Aug 25:

NZD major correction against USD means bullish AUDNZD.

Do Not sell AUDNZD blindly just because some indicator(s) tell you to and some rookie trader believes that.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD Week 34 Aug 25 update.png Size: 82 KB


Note on the H4 chart, the 'daylight' between the 10EMA and 50EMA and 200EMA is huge. We can trade H4 counter trend when there is good amount of 'daylight'.

'daylight' is the pips space between moving averages.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,595
  • Aug 24, 2017 6:33pm Aug 24, 2017 6:33pm
Quoting FxLapozi
*deleted* Found

In case others did not find that Trade Report,

its here, just few post above: https://www.forexfactory.com/showthr...7#post10218187

its a nice tool to show your open and closed trades from your MT4 Terminal on your charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,596
  • Aug 24, 2017 7:02pm Aug 24, 2017 7:02pm
EURUSD Week 34 Closing 8 days of trades to complete my 20-trading days cycle yesterday.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 34 Aug 25 closed trades.png Size: 58 KB


Trading TMS with MEME, we learn to take small losses and do not aim for 80% to 100% win rate. A win rate of above 55% is good enough to make us good money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,597
  • Aug 24, 2017 7:10pm Aug 24, 2017 7:10pm
GBPAUD and GBPCAD Week 34 closing Aug 25.

Just closed my last trade for GBPCAD to complete the 20-trading days cycle. These two pairs start to show small D1 range so we start to review this weekend and prepare our trade plan for next week to close the August month and start September.

Both pairs are my top performers for this cycle.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 34 closing Aug 25.png Size: 58 KB



Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Week 34 closing Aug 25.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,598
  • Aug 24, 2017 7:20pm Aug 24, 2017 7:20pm
Quoting okoso
{quote} Hi Emmanuel, How do you trade the DIB? Technically, if you are aggressive, you could enter the trendline breakout if not better to enter the breakout of mother bar of DIB. Also you could go down to lower timeframe and look for better PA entry. These are what I learned from from you teaching here. But this particular case of XAUUSD is a tricky one. I have not seen you posting trades on gold on lower time frame than D1, so going to lower time frame is not an option, as not an aggressive trader, use of trend line breakout is not an option either....

Hi okoso,

You are right I don't trade Gold on lower timeframes.

I trade Gold on end-of-day EOD basis with stocks and indices. I only look for buy.

As for XAUUSD, yesterday was another Inside Day candle, this make Triple Inside Bar.

Take a look at Weekly chart, and decide next week where to buy. And for you who trade lower timeframe, buy the dips.

Good trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,599
  • Aug 24, 2017 10:27pm Aug 24, 2017 10:27pm
Quoting emmanuel7788
GBPAUD and GBPCAD Week 34 closing Aug 25. Just closed my last trade for GBPCAD to complete the 20-trading days cycle. These two pairs start to show small D1 range so we start to review this weekend and prepare our trade plan for next week to close the August month and start September. Both pairs are my top performers for this cycle. {image} {image}
Hi Emmanuel
following your guide, I trading H4 TF based on D1 TF, but I wonder why you post H1 TF . Any diffirent?? Can you please explain.
Im still learning.
Many thanks
Koala
  • #81,600
  • Aug 24, 2017 10:47pm Aug 24, 2017 10:47pm
Quoting gold-dollars
{quote} Hi Emmanuel following your guide, I trading H4 TF based on D1 TF, but I wonder why you post H1 TF . Any diffirent?? Can you please explain. Im still learning. Many thanks Koala
posting those trades in H1 chart is to enable you to view the details of the entry in lower timeframe and better understand how the multiple entries orders are placed.

If I post them in Weekly and Daily charts, the trades will show cluttered on the Weekly and Daily candles like those below, you cannot see the trade details.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD trades Weekly AUG.png Size: 28 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD trades seen D1 chart.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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