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Trading Made Simple

  • #83,021
  • Nov 1, 2017 7:17pm Nov 1, 2017 7:17pm
Quoting Kamrans
Hello Emmanuel and every one here.This is my first post in this thread.I have spent a lot of time watching how things are going here and decided to try something new and now im on the BBP stage and want to ask am i doing everything right drawing SR lines on monthly chart? Еhank you in advance. {image}
good attempt, for first time.

you have too many MN lines on your chart.
try start from the current market and look back into the history, pick the major significant swing points.

my MN Line chart below:

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD MN price swing levels.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,022
  • Nov 1, 2017 7:24pm Nov 1, 2017 7:24pm
Quoting darko2010
Anyone else trying to go short on AUDJPY after we retested both MM10 Daily and MM10 Weekly? {image}

I am holding few long positions this week....

will see how things go today and have to manage them.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,023
  • Nov 1, 2017 7:34pm Nov 1, 2017 7:34pm
Quoting emmanuel7788
{quote} good attempt, for first time. you have too many MN lines on your chart. try start from the current market and look back into the history, pick the major significant swing points. my MN Line chart below: {image}

Yeah i wanted to do like you said but when i analyse the PDF from post 27.200 i saw that there is horizontal line on every bend not only the important one.And how not surprising I have a second question). Is this rule is suitable for weekly chart too? or we note every single curve on the chart? Thanks
  • #83,024
  • Nov 1, 2017 7:43pm Nov 1, 2017 7:43pm
USDJPY Nov 02 post-FOMC effect

after FOMC last night, today is the after-effects so be prepared if we see lower lows today and tomorrow.

low regions - 113.75 to 113.65 and also much lower 113.60 to 113.50

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Nov 02 low regions.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,025
  • Nov 1, 2017 7:48pm Nov 1, 2017 7:48pm
Quoting tomgu
@Emma, I follow your trades ON EURUSD, now, the second position profit is >0.5 ADR means 40 pips. What we do? take it or leave it?
EU went nowhere after 3 days.
with only two open positions, I manage using the average entry price.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,026
  • Nov 1, 2017 8:43pm Nov 1, 2017 8:43pm
Here is the picture of Weekly TF.Is that ok or i should add some lines? to be honest i even cant imagine where i could add them else.Regard
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.mWeekly.png Size: 27 KB
  • #83,027
  • Nov 2, 2017 12:23am Nov 2, 2017 12:23am
Quoting emmanuel7788
{quote} Visually, they look different because the chart has been refreshed. The differences are very marginal and because the TDI moving averages get repainted as the new candles move and closes. In realtime, the condition were different when I run in the strategy tester. I use the TDI Pro setting - 10,5,34,3,1,7 The win rate you see with visual backtesting can be true but again that does not reflect realtime trading using the strategy tester. The winning pips overall is still very profitable trading the D1 chart timeframe despite the low win rate...
Why do you prefer using the TDI Pro settings instead of the standard (or Big E) settings?
  • #83,028
  • Nov 2, 2017 12:41am Nov 2, 2017 12:41am
Quoting darko2010
Anyone else trying to go short on AUDJPY after we retested both MM10 Daily and MM10 Weekly? {image}
Yes, I do it. https://www.forexfactory.com/showthr...6#post10437606

Currently, I'm losing in all of my trades. Let's see how this week closes.
  • #83,029
  • Nov 2, 2017 12:56am Nov 2, 2017 12:56am
Quoting chrrmfbvk
{quote} Why do you prefer using the TDI Pro settings instead of the standard (or Big E) settings?
Long long time ago, I used the Fozzy RSI for stock trading. It was RSi period 8 with MA period 8 .

see this old post Nov 2014:

https://www.forexfactory.com/showthr...92#post7846392

then this Nov 2012 post:
https://www.forexfactory.com/showthr...99#post6215399

I follow the Synergy system development since 2007 till now. The TDI versions went through several changes in the last 10 years.
Since I trade with Price Action, the TDI is only a confiramtion of the Price Action.
Price Action is leading edge trading.

What every trader need is to develop his/her own WINNING EDGE and the TDI is not part of the WINNING EDGE formula.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,030
  • Nov 2, 2017 1:01am Nov 2, 2017 1:01am
Fakey hour ... intraday traders on H1 and M15 must be careful.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,031
  • Nov 2, 2017 1:24am Nov 2, 2017 1:24am
Quoting Jordi
{quote} Yes, I do it. https://www.forexfactory.com/showthr...6#post10437606 Currently, I'm losing in all of my trades. Let's see how this week closes.

You can consider trading the D1 chart using only the PAC instead of several MAs on your charts.

3 simple mechanical rules suing the HA candles, PAC and TDI conditions.

Example USDCAD, last 2 months , only 3 trades closed, 2 winners and 2 loser. Current one trade running waiting for exit signal.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Aug Sep POMO.png Size: 38 KB

When you look at 28 pairs, you will find on average 5 good trades every month.
How much money you make depends on your entries and exits how you scale-in and scale-out during the trend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,032
  • Nov 2, 2017 1:37am Nov 2, 2017 1:37am
[quote=emmanuel7788;10451173]{quote} You can consider trading the D1 chart using only the PAC instead of several MAs on your charts. 3 simple mechanical rules suing the HA candles, PAC and TDI conditions. Example USDCAD, last 2 months , only 3 trades closed, 2 winners and 2 loser. Current one trade running waiting for exit signal. {image} When you look at 28 pairs, you will find on average 5 good trades every month. How much money you make depends on your entries and exits how you scale-in and scale-out during the trend.[/quote
Hello emmanuel ,in 3mechanical condition which tdi settong do you use?do you use 2 7 34 13setting in tdi or other tdi setting?
  • #83,033
  • Nov 2, 2017 1:41am Nov 2, 2017 1:41am
Quoting dharmikpatel
...3 simple mechanical rules suing the HA candles, PAC and TDI conditions. ...[/quote Hello emmanuel ,in
...[/quote]


someone asked just 2 days ago.

https://www.forexfactory.com/showthr...1#post10447661
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,034
  • Nov 2, 2017 2:05am Nov 2, 2017 2:05am
Quoting emmanuel7788
{quote} You can consider trading the D1 chart using only the PAC instead of several MAs on your charts. 3 simple mechanical rules suing the HA candles, PAC and TDI conditions. Example USDCAD, last 2 months , only 3 trades closed, 2 winners and 2 loser. Current one trade running waiting for exit signal. {image} When you look at 28 pairs, you will find on average 5 good trades every month. How much money you make depends on your entries and exits how you scale-in and scale-out during the trend.
Emmanuel,

Base on above rule can i consider Exit signal for this Trade or i can wait.
2 days back i have 80 Pipes profit but current now i have 5 pipes,i am doing SESE.what will be the good Point to exit as if HA candle change Colure Yesterday that time also i have 15 Pipes.
How important TDI Cross in Day Position.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-11-02 at 2.56.56 pm.png Size: 86 KB
  • #83,035
  • Nov 2, 2017 2:15am Nov 2, 2017 2:15am
Quoting emmanuel7788
{quote} I am holding few long positions this week.... will see how things go today and have to manage them.
Why long positions ? What did you rely your decidion on?
  • #83,036
  • Nov 2, 2017 2:26am Nov 2, 2017 2:26am
Quoting darko2010
{quote} Why long positions ? What did you rely your decidion on?

I rely on my Big Picture Plan from doing my weekly top down analysis.

MN shows sideway ranging market for 4 months supported by a previous resistance turned support.

Simple use of 10EMA and 50EMA also show the same support.

Simple rule: Buy when PA is above the 10EMA on MN, W1 and D1.

my belief is the Power of 10EMA.

I will be looking at closing all my buy positions at 88.10

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY multicharts.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,037
  • Nov 2, 2017 3:35am Nov 2, 2017 3:35am
hello member of tms is this correct entry
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 290 KB
  • #83,038
  • Nov 2, 2017 4:37am Nov 2, 2017 4:37am
Quoting emmanuel7788
{quote} I rely on my Big Picture Plan from doing my weekly top down analysis. MN shows sideway ranging market for 4 months supported by a previous resistance turned support. Simple use of 10EMA and 50EMA also show the same support. Simple rule: Buy when PA is above the 10EMA on MN, W1 and D1. my belief is the Power of 10EMA. I will be looking at closing all my buy positions at 88.10 {image}
When you did your weekly top down analysis the weekly had printed a bearish engulfing and closed below the 10. The daily was down and below the 10. In fact the weekly and daily 10ema were only passed today so not sure why you were holding buy positions. That is fine if your positions reach take profit but please do not say it was because of a top down analysis and the power of the 10 ema.
Success means going from failure to failure without loss of enthusiasm
  • #83,039
  • Nov 2, 2017 4:42am Nov 2, 2017 4:42am
Quoting thomi
{quote} Bonjour Bodal, Effectivement, je suis français Et merci a translate google
Ok , visiblement , nous sommes intéressés par les mêmes forums , autour du TDI , des cours magistraux d'Emmanuel7788 , d'agréables trades de Likica sur des charts esthétiques en plus , un tour chez Davit et ses pivots tout en gardant en mémoire les Xman , LE1 etc...
Bon pips verts comme ils disent.
  • #83,040
  • Nov 2, 2017 4:53am Nov 2, 2017 4:53am
You need to know the Power of 10EMA when applied to forex trading. If we want to keep thing simple, this is one which I would recommend traders to simply use the 10EMA in all different timeframes in their top down analysis. CONSISTENCY is key because we all know there is no holy grail.

The Power of 10EMA Post#8,528 by FF member named tango-1
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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