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Trading Made Simple

  • #81,881
  • Sep 10, 2017 7:42am Sep 10, 2017 7:42am
Hello Friends,

Newbie here,

Was wondering if one can take heikin ashi colour of higher time frame to choose the direction of the trade in lower time frame. How is the idea?
For example, if Weekly chart is red, on the daily the direction is down. If Weekly chart is green, on the daily the direction is up.
There will always be a colour for higher time frame heikin ashi.

Regards,
Recursive
  • #81,882
  • Sep 10, 2017 8:20am Sep 10, 2017 8:20am
Hi Guys,

I have gone through Big E sir methodology/system recently and basis which i took some trades last week. Can someone help me comment on the same in terms of where i went wrong or what needs to be corrected so basis that i will correct myself.

Looking for our valuable feedback..

Denzil
Attached Image(s) (click to enlarge)
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  • #81,883
  • Sep 10, 2017 8:37am Sep 10, 2017 8:37am
Quoting pete.alfa
my next week trading analyze for AU, UJ & Ucad. AU short counter trend. SL above pinbar price was around S/R level, target as market given. weekly: at dynamic S/R 200ema. Daily pinbar h4 closed below 10ema & Tdi crossed. UJ Short trend continue: Daily price closed below R/S level. SL above R/S level, target as circle around 156-250pips. TDI daily: Green below Red, below Yellow and 50-level Ucad Short trend continue(same condition as UJ): Daily price closed below R/S level and pulled back. SL above R/S level, target as circle around 200pips. TDI...
I like this analysis. I'll be looking forward to following it if you post it regularly.

OTOH, I like the simplicity and clean tpl you use. Do you mind sharing the tpl and all the indicators you used in these charts .
  • #81,884
  • Sep 10, 2017 10:13am Sep 10, 2017 10:13am
Quoting RickM
{quote} I do like the look of selling EURGBP, the Daily BEEB candle is the killer signal for me along with the weakening EUR and the Strengthening GBP. Target price for me is always the 50EMA. Below is my Big Picture work chart. {image}
I like your monthly swing lines in your charts! Seems pretty good as BPP!
  • #81,885
  • Sep 10, 2017 12:24pm Sep 10, 2017 12:24pm
EURUSD at important SR zone.Reversal or continuation?EUR weak more possible.
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EURGBP reversed for important SR.Looking for sell at market open with tight TP.
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  • #81,886
  • Sep 10, 2017 6:08pm Sep 10, 2017 6:08pm
Quoting emmanuel7788
{quote} Trade Report for closed trades Sep 04 to 07. So far this week went week according to trade plan and those pair picked ran well except for AUDJPY and AUDNZD which are slow moving. Nevertheless, good profits for this week and this weekend will review which pairs to trade next week. {image}

Trade Report as of Week 36 closed trade Sep 04 to 08.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,887
  • Sep 10, 2017 6:12pm Sep 10, 2017 6:12pm
Quoting mazibee
Hi All Experts/ Emmanuel Here is my Big Picture Analysis for the coming week. Any sugestion/criticism is most welcome. USDCAD Can be sold by catching the signal on H4 I made pretty decent profit with SE/ME last week Now next support could be at 1.2000 AUDUSD Good to buy straight when the market opns Week and Month are bullish GBPAUD Can be sold if there is a clear signal and if Friday's WRB breaks to the down side EURGBP Can be sold straight when the market opens (without any gap) As on the week there is an inside bar breakout Next support could...
If you continue to do you top down analysis consistently and make your weekly trade plan, I am sure you will be able to trade well and become profitable.
Look at more pairs because there are more opportunities and you pick those pairs with the highest probability.
Lay each block firmly before you lay the next... less they fall too easily.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,888
  • Sep 10, 2017 6:22pm Sep 10, 2017 6:22pm
Quoting sabbah
{quote} I like this analysis. I'll be looking forward to following it if you post it regularly. OTOH, I like the simplicity and clean tpl you use. Do you mind sharing the tpl and all the indicators you used in these charts .
Thanks sabbah,

Indicator&tpl are in zip file. I've seen you follow many threads. Stay here, you can learn a lot from Emmanuel, catalin eros, ensale, Deichkind, Sesamestrasse, okoso & bigpips they are great traders, specially Emmanuel( great trader& teacher).
I will post regularly soon, I have not been posted much lately due to family crisis and another one is coming soon after that I will post regularly. But anyway my post won't match above(mention) great traders.
BTW analyze is just an analysis nothing to confirm your winning even A+++
Stay tuned
Attached File(s)
File Type: zip indicators.zip   241 KB | 789 downloads
  • #81,889
  • Sep 10, 2017 6:33pm Sep 10, 2017 6:33pm
Many different ways to spot market consolidation. Very often after a big move, market does not reverse immediately. It usually pauses before the next move, not necessarily it will reverse but it can continue in the recent trend.
How to spot market consoldiation when we trade with TMS and the TDI?

One effective way is to look at the volatility in the price and in its momentum shown by the RSI or TDI.

Using the full TDI with its MBL and VB, we look at the PL Green Line moving out of the Volatility Band VB and watch the price action when the Green re-enters the VB. Price tends to trade in small range, small bars/candles. This us when we wait for the next breakout.

In the EURGBP example below, we see H1 starts to shwo small H1 bars / candles. Now we shall wait for the breakout.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,890
  • Sep 10, 2017 6:43pm Sep 10, 2017 6:43pm
Quoting emmanuel7788
{quote} You have done the hardwork and I am confident that you will make money this month with those pick. well you have picked one pair from each of the 5 groups... overall for next week, those 5 pairs look good as planned but be prepared if next week does not play out we need to make changes in the following Week 37~39 Sep 11 to 29. you dont have to trade 5 pairs in one same account , but only when your BPP shows good and pick the best ones with money management in mind. I have EURNZD buy and GBPCAD sell next week., but need to monitor the...
Trade Plan for Week 37 Sep 11 to 15 (day 6~10 of the 20-trading days cycle)

EURNZD continue with BUY. Will r-evaluate when current basket closes. May pick another pair from the group of EUR crosses.

GBPCAD continue with SELL. Will also re-evaluate when current basket closes.

USDCAD continue with SELL.

AUDJPY continue with BUY.

AUDNZD continue with BUY.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,891
  • Sep 10, 2017 6:52pm Sep 10, 2017 6:52pm
Quoting recursive
Hello Friends, Newbie here, Was wondering if one can take heikin ashi colour of higher time frame to choose the direction of the trade in lower time frame. How is the idea? For example, if Weekly chart is red, on the daily the direction is down. If Weekly chart is green, on the daily the direction is up. There will always be a colour for higher time frame heikin ashi. Regards, Recursive

Your idea is not new. Many have tried it.
I don't use the HA on Weekly and Monthly. I simple look at Weekly and Month price action and look for support/resistance and historical price swings.

If you follow your idea, it is logical but you will miss many good shorter term 'counter trend' trades in D1, H4 and H1.

Attached Image (click to enlarge)
Click to Enlarge Name: APB HA MTF.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,892
  • Sep 10, 2017 6:57pm Sep 10, 2017 6:57pm
Quoting emmanuel7788
{quote} Hi, the last gap up was August 29 and it retraced that day and following days. that was good for ME to build position since our bias that week was buy. the same for tomorrow if it gaps up, we still remain buy bias and our SL is previous 2 weeks low. Lets see how the market reacts to the NK nuke test. Small Kim is playing with Big Trump. Someone will make the mistake. Trade Safe.
Hi Emmanuel,

Today, Gold opened with GAP down. Last week it opened with Gap up and that was filled. As I have in my plan trade Gold long, and I also have 1 left position from last week, I used the gap down to enter my second position.

Thanks for your comments.

Okoso
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  • #81,893
  • Sep 10, 2017 7:02pm Sep 10, 2017 7:02pm
Quoting okoso
{quote} Hi Emmanuel, Today, Gold opened with GAP down. Last week it opened with Gap up and that was filled. As I have in my plan trade Gold long, and I also have 1 left position from last week, I used the gap down to enter my second position. Thanks for your comments. Okoso {image}


something is happening in the market today. I have not figured that out yet. Still lagging behind all the economic news while I was following the hurricane updates in the US. A lot of damage done already.

USDJPY gap up when market open. Be careful.

as for Gold, it is buy only for me.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,894
  • Sep 11, 2017 1:49am Sep 11, 2017 1:49am
Quoting mikelee
just return from contract job which ended last month... will participate more as I have followed Strats method way back... where he talk about Dr. Joe and Mr. Bond's experience with "two potatoes"... I am back and will demo to get the rust from my head and join the forum discussion as often as I can.
Hi to all fellow traders in this thread...

I was thinking of another thread when I post this massage... like I say my job had just ended, now I can spend more time in FF.... In my folders are many old files that I kept and one of them is Big_E's file.... I manage to read most of the post here and will start posting when I start to go life and Demo at the same time. Wish to acknowledge the many members here and especially Emmanuel who has given his time and effort to keep this long thread a life and thriving.

I shall trade Big-E's original plan using the green over the red TDI (I am more aggressive) but will check to my left of the chart to look out for candle formation, S/R and other basic 4X staff. I 'll use the weekly as my hind side the 4Hr as my trading candler and 5M as my trigger candle. I'll wait for a retracement when there is a buy signal from 4Hr candle than I'll go down to the 5M candle to trigger and get a discount. In the beginning I'll not implement the ME/ME strategy it will be a single trade until I get it correctly done, nevertheless I shall add more when I see an opportunity.

Thanks for listening...

mikelee
  • #81,895
  • Edited 4:36am Sep 11, 2017 3:19am | Edited 4:36am
Quoting bob44
{quote} I partially agree with you, that it is confusing , But the TDI is based on the RSI and the Bollinger . I cannot get my head around the Eliot wave theory So any new member will appreciate Trading Made Simple which does work. But remember Knowledge Dispels Fear. Apart from that the web pages https://uk.investing.com/currencies/...cy-cross-rates give a good idea on movement. Go onto the page , select Forex Majors from the sub menu select Technical this shows how the technical indicators stack up. Click onto a currency pair...
Hello Bob.
The TDi developed my Dean Malone.. as a Fozzy RSI.
Heiken Ashi´s got developed in Japan..
But I won t learn japanese, I focus on trading.

But that´s not the topic ..

The posts you do aren t related to this strategy..
Your last post again.
Who cares about a Camarilla, Woodies, DeMark .. and all this cluttering stuff.

" Reduce to the max and kep it simple "
The only reliable thing on thios page is the economic calendar, when you put the settings to"Three bulls".. but that´s really it.

You´ll find excellent posings in this thread how to trade successfully.. and to be honest.. there´s no Camarilla, Demark, ADX, Williams and the other garbage
neccessary.

Wish you good success with all these cluttering informations.
IMO you waste a lot of time with this.

And the most important things you won t find on it.
How does the chart look like?
Is it near a support/resistance?
How does the TDI look like?
What about the candles?
Higher timeframes??
Trend or counter trend?
Are there some really important news coming soon (Rate decisions or other really harsh stuff)
.. and if the MA´s show something-READ THEM RIGHT-- ( Steepness, did the price already touch.. does it constrain.. and many more)



Guido
Risiko birgt immer auch die Chance.
  • #81,896
  • Edited 6:09am Sep 11, 2017 3:49am | Edited 6:09am
Quoting emmanuel7788
{quote} something is happening in the market today. I have not figured that out yet. Still lagging behind all the economic news while I was following the hurricane updates in the US. A lot of damage done already. USDJPY gap up when market open. Be careful. as for Gold, it is buy only for me.
Good morning EMM.

UJ shows a nice BO of the range in my weekly charts ( Big pic analyses ).

Looking for a short now.

Gold came into my focus as well, never traded it as any kind of instrument.
Thinking about it.

Green pippin

Guido
Risiko birgt immer auch die Chance.
  • #81,897
  • Sep 11, 2017 5:55am Sep 11, 2017 5:55am
Quoting emmanuel7788
{quote} AUDJPY continue with BUY.
I don't see the AUDJPY buy, isn't it in the middle of a consolidation between 86.50 and 88.00?
  • #81,898
  • Sep 11, 2017 6:06am Sep 11, 2017 6:06am
Quoting darko2010
{quote} I don't see the AUDJPY buy, isn't it in the middle of a consolidation between 86.50 and 88.00?
I also think to not open a long trade until price closes above 89.00 imo, for me to much trouble to the left
  • #81,899
  • Sep 11, 2017 6:11am Sep 11, 2017 6:11am
Quoting darko2010
{quote} I don't see the AUDJPY buy, isn't it in the middle of a consolidation between 86.50 and 88.00?

Weekly Master Candle consolidation breakout potential.
Ranging is good for ME/ME to buy and get better average entry price.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,900
  • Sep 11, 2017 6:13am Sep 11, 2017 6:13am
I took the EURGPB sell train at around 91.00 but it will probably be a short trade as the weekly is way too bullish for now to plan a long-term position. The way the daily has behaved shows that bulls still have some fire in them
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