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Trading Made Simple

  • #82,121
  • Sep 21, 2017 9:46pm Sep 21, 2017 9:46pm
Quoting emmanuel7788
{quote} EURJPY Sep 21 H4, makes another test of the BRN 134.00. There is no sign of it reversing. Look at MN and W1, then look at D1. {image}
Hello Emmanuel
Can u share please this Template and indicators
  • #82,122
  • Sep 21, 2017 10:24pm Sep 21, 2017 10:24pm
Quoting MemO_KinG
{quote} Hello Emmanuel Can u share please this Template and indicators
Here is Link for Emmanuel`s post #76270
https://www.forexfactory.com/showthr...59#post9588859
  • #82,123
  • Edited 11:50pm Sep 21, 2017 11:20pm | Edited 11:50pm
Shorted at 0.9691
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF 220917.png Size: 33 KB
  • #82,124
  • Sep 21, 2017 11:32pm Sep 21, 2017 11:32pm
Quoting hzs10
Longed at 0.9691 {image}
Hi hzs10 UsdChf is going down on H4,D1 & W1 why did you go Long?
Is there any news?
  • #82,125
  • Sep 21, 2017 11:41pm Sep 21, 2017 11:41pm
Quoting arasheed
{quote} Hi hzs10 UsdChf is going down on H4,D1 & W1 why did you go Long? Is there any news?
There is a sell on their chart so I think they said long by mistake.
Success means going from failure to failure without loss of enthusiasm
  • #82,126
  • Sep 21, 2017 11:49pm Sep 21, 2017 11:49pm
Quoting lisat
{quote} There is a sell on their chart so I think they said long by mistake.
There I find reversal on H1 chart, is that so?
Attached Image (click to enlarge)
Click to Enlarge Name: UsdChf H1.PNG Size: 39 KB
  • #82,127
  • Sep 21, 2017 11:50pm Sep 21, 2017 11:50pm
Quoting arasheed
{quote} Hi hzs10 UsdChf is going down on H4,D1 & W1 why did you go Long? Is there any news?
sorry, typo. I meant shorted
  • #82,128
  • Sep 21, 2017 11:51pm Sep 21, 2017 11:51pm
Quoting arasheed
{quote} There I find reversal on H1 chart, is that so?{image}
I only look at H4 TF. so far all my trades are okay
  • #82,129
  • Sep 22, 2017 12:02am Sep 22, 2017 12:02am
Quoting arasheed
{quote} There I find reversal on H1 chart, is that so?{image}
I would not call that a reversal it is an inside bar but h4 is down. But I would not take a sell on the H4 either because it has made a higher swing high on there one of them though could work.
Success means going from failure to failure without loss of enthusiasm
  • #82,130
  • Sep 22, 2017 1:41am Sep 22, 2017 1:41am
Quoting hzs10
{quote} I only look at H4 TF. so far all my trades are okay
Hi UsdChf is moving up, may be retracement ?
  • #82,131
  • Sep 22, 2017 1:48am Sep 22, 2017 1:48am
Quoting arasheed
{quote} Hi UsdChf is moving up, may be retracement ?
Like what was mentioned is earliest post. keep things simple, I look for TDI for entry and exit
  • #82,132
  • Sep 22, 2017 3:43pm Sep 22, 2017 3:43pm
Quoting emmanuel7788
{quote} Hi, Screen shot of all trades from Sep 04 to Sep 14 closed. I did not open new trades on Sep after the last batch closed as according to my trade plan. Next week will start a new 20-trading days cycle. {image}

Trade Report trades closed Sep 18 to 22, first 5 days of a new 20-trading days cycle.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade Report Sep 18 to 22 closed trades.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,133
  • Sep 22, 2017 3:51pm Sep 22, 2017 3:51pm
Quoting Forexrocks
{quote} Hi Mr. Emmauel7788 , Thanks for the help from last time, didn't get a chance to say thank you as i was among many things. Just a simple question, big E or X-man were using a different EMA time frame to spot a potential break out with the candle, I am currently using 5ema and 60ema. Any suggestions for the ema? Thank you sir.

You can use any moving average you want but make sure that you forward test them in live market conditions and write your own rules how you use them.

For traders new to TMS, I suggest that you go back to the 'system', which Big E started trading in 2008, use the Price Action Channel, which is two 5-period smoothed moving averages, one set to High price the other set to Low price to create the PAC.

As for the TDI, use the realtime version and set the parameters to show all the colour lines - Green, Red, Yellow and Blue.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,134
  • Sep 22, 2017 4:01pm Sep 22, 2017 4:01pm
Quoting emmanuel7788
{quote} EURGBP MC[3] confirmed. Now we wait patiently for the next big move or it can also go into range trading for many days. {image} Listen to what goes on in the UK and their Brexit 'divorce penalty' which PM May want to negotiate.

Big event this weekend and EurGbp consolidates with the Master Candle formed.

Attached Image (click to enlarge)
Click to Enlarge Name: Weekend elections Sep 23.png Size: 19 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Sep 22 MC3.png Size: 55 KB


Have you placed your bets?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,135
  • Edited 4:38pm Sep 22, 2017 4:27pm | Edited 4:38pm
Quoting emmanuel7788
{quote} Trade Report trades closed Sep 18 to 22, first 5 days of a new 20-trading days cycle. {image}
Congratulations on these impressive results.
Could you please show the detail of your EurUsd trades on a graph as I would love to better understand how you made such a profit on the sellside this week?
Thanks
  • #82,136
  • Sep 23, 2017 4:09am Sep 23, 2017 4:09am
Quoting emmanuel7788
{quote} Trade Report trades closed Sep 18 to 22, first 5 days of a new 20-trading days cycle. {image}
hi emm,

I noticed you traded eurusd pair with a big number lot. Do you trade this with 2% risk? Thanks.
  • #82,137
  • Sep 23, 2017 12:02pm Sep 23, 2017 12:02pm
Quoting recursive
... I was wondering if it is a good idea to have a fixed profit target always for exits. Like 20 pips or 40 pips etc. All the time. Need some advice.
Hi Recursive, there are many trading methods. In this forum we discus the TMS method. For the TMS method it is not a good idea to use a fixed TP because when your trade is good it will often gain much more pips. But I do also notice that some trades do not work out and then, in hindsight, I wish I had set a fixed TP.

So what I usually do is this: When I enter a new trade (all TMS signals are in my favor) I usually set a TP that is not to far away, often 2x the SL in pips. Then, when I am not at the computer when the TP is hit I will simply get that, and I am happy with it. However, when I see that my trade is in profit I usually shift my SL to lock in some profit and then I will keep shifting both SL and TP over the duration of the trade (of course only in my favor). And of course I will close my trade when the TMS exit signals are there (bar closes within PAC). This approach works good for me.
Cheers.
  • #82,138
  • Sep 24, 2017 1:11am Sep 24, 2017 1:11am
Quoting darko2010
{quote} Congratulations on these impressive results. Could you please show the detail of your EurUsd trades on a graph as I would love to better understand how you made such a profit on the sellside this week? Thanks

Hi dark,

Thanks. Those 'impressive results' demands hard work over many years of trading and knowing and understand how some pairs trade at certain times.

Before I post my chart showing those entries and exits of week 38, first important is to know what the market condition of EURUSD for the past weeks and how to identify the Market Type to trade. I have posted many times the 3 Market Types which I use to identify the forex market. Two of the Market Types is good for TMS trading and one which is not good for TMS trading. Read up on those posts where I mentioned about Market Type.

Look at this chart below showing theD1 and also the W1. That Week 35 W1 candle is significant to tell use what the market condition was in the past 3 weeks startig when Week 36 closed.
.
Why sell bias in Week 37?
Can you spot the technical conditions for sell bias?

Why sell bias in Week 38?
Same question, what were the technical conditions for sell bias?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 35 to 38.png Size: 43 KB


Week 38, was a good Price Action setup on D1 chart, what was that PA setup?
How do you trade such kind of technical price action setup?

Anyone can try answer the above and learn.

Be active and participate in the thinking process and you will learn much quicker.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,139
  • Sep 24, 2017 1:45am Sep 24, 2017 1:45am
Quoting emmanuel7788
{quote} Hi dark, Thanks. Those 'impressive results' demands hard work over many years of trading and knowing and understand how some pairs trade at certain times. Before I post my chart showing those entries and exits of week 38, first important is to know what the market condition of EURUSD for the past weeks and how to identify the Market Type to trade. I have posted many times the 3 Market Types which I use to identify the forex market. Two of the Market Types is good for TMS trading and one which is not good for TMS trading. Read up on those...
Here's my crack at those questions:

Why sell bias in Week 37? The large candle inside the mother bar of week 35, unable to close above the BRN.
Can you spot the technical conditions for sell bias? Consolidation unable to break the mother bar and the 1.2000 BRN.
Why sell bias in Week 38? Same question, what were the technical conditions for sell bias? Strong moves away from the 1.2000 BRN, with pin bar about 10 candles barck and bearish engulfing bar 3 back.
Week 38, was a good Price Action setup on D1 chart, what was that PA setup? Bearish outside bar 3 candles back on the daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: E7788answers.png Size: 55 KB
  • #82,140
  • Sep 24, 2017 2:15am Sep 24, 2017 2:15am
Quoting eelfranz
Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average... With bounce trades the odds are lower for your success... but it still works. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Am I in an uptrend or downtrend.. short & long term... Am I in or close to a consolidation area Are the previous candles small... Look at the candles on the last...

When Big E made this post back in 2011, he was not very specific with what he meant by big candles, small candles, etc.

<quote>
Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average...

With bounce trades the odds are lower for your success... but it still works.

When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area

Are the previous candles small...

Look at the candles on the last reversal... big, little, what

How does the momentum look right now (12-2, 4-6)

Does Stoch's confirm the TDI signal

Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it...

<unquote>

and to be honest, these things he considered basic forex stuff you don't learn at babypips.com school.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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