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Trading Made Simple

  • #83,061
  • Nov 3, 2017 5:59am Nov 3, 2017 5:59am
Quoting lisat
{quote}I did not say it was a condition to sell I said your answer to someone asking why you took a buy did not make sense and it doesn't. It is not a condition to sell but it is also not a condition to buy certainly not from your explanation to the poster...."I believe in the power of the 10ema" and "simple rule buy above the 10ema and sell below" did not make sense. Thank you for your concern about my trading but I bought AJ on Wednesday after the doji pin on D1 on Tuesday at S38% and the tdi hooked up looking at the smaller timeframes also to...
lisat, care to share why you took the long as pa was actually bearish..
the cautious seldom err....C
  • #83,062
  • Nov 3, 2017 6:14am Nov 3, 2017 6:14am
Quoting darko2010
{quote} Emm, this is very helpful but then, does it mean that: 1. no short should be taken on AUDJPY until we break 85.50 which is the bottom of the weekly range? 2. and, until then, only long positions have a higher probability of success, no matter how weaker the long trend seems to get? 3. if not, how to look at this? Thanks a million in advance, you completely blew me away by calling the 88.10 exit on AUDJPY

That Weekly Candle Sep 10 is a WRB ( also a WCC for PASR traders), that WRB Low is the support of that ranging market. Therefore we use that Low 87.07 as support and trade H4. Nice H4 reversal from that Low with that H4 BUOB and IB as the PA setup.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week 44 WRB WCC.png Size: 72 KB


88.10 was old PPA, but missed by 3 pips anyway I got out when London session closing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,063
  • Nov 3, 2017 6:59am Nov 3, 2017 6:59am
Quoting bistolis
{quote} I would suggest to start reading the following thread: https://www.forexfactory.com/showthread.php?t=708441 and reading this {image}
Thank you for this post.
I know after 20 minutes on Strat opening page on the PASR free trading style, that this really is the missing rib to my complete emergence as a professional trader.
I am more convinced now than ever before that i need Forex trading as a skill craft for the future
Thank you again Bistolis for this post.
  • #83,064
  • Edited 7:21am Nov 3, 2017 7:05am | Edited 7:21am
Quoting pips29
{quote} lisat, care to share why you took the long as pa was actually bearish..
Please forgive the lack of charts but I am not able on my phone to take a snapshot and upload it and not on my computer today, but on Tuesday 31st price made a doji/pin bar on the daily chart closing back above the low of the day before and which I took to be a rejection of the s61% level, I went to the h4 chart and waited until it looked bullish on there which happened on the midnight - 4am candle, when it made a bullish engulfing. Went down then to the h1 and it had broken out and closed above a mother bar, that was enough for me to go in for a relatively small stop loss and then took it out at the weekly pivot for around 60 pips. My broker is gmt +2. The weekly was looking very bearish and had closed below a trendline I have on there but as we know price will retrace very often to test the trendline which is at around 88.10 (Emmanuels take profit). I was not bothered holding on longer than I did. The way I mainly work now is to take the W1 into account although not enough to put me off a trade, then look at D1 to see if there is anything there (candle pattern not trend) then to H4 for it to agree, then h1/m30 for the final look. Since I have been doing that, I have very little drawdown on each trade and am happy to take 50 or so pips per trade and less if necessary.
Success means going from failure to failure without loss of enthusiasm
  • #83,065
  • Nov 3, 2017 7:12am Nov 3, 2017 7:12am
Quoting emmanuel7788
{quote} Good results for 5 days trading. But did you over traded so many pairs in one week? only you can answer that. This week I scaled down my trading as it is near month end and I have year end vacation soon. Five trading days, small amount of profit in this account. {image}
Trade Report Week 44 Oct 30 to Nov 03:

Not many pairs traded this week as I will go on my year-end vacation next week.

Attached Image (click to enlarge)
Click to Enlarge Name: Trade Report Week 44 Oct 30 to Nov 03 trades closed..png Size: 29 KB


Note, Nett pips is negative but Nett P&L $$$ is positive. That's the Power of using Position Sizing with TMS ME/ME.

I know member okoso will ask me again on this....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,066
  • Nov 3, 2017 7:17am Nov 3, 2017 7:17am
Quoting emmanuel7788
{quote} That Weekly Candle Sep 10 is a WRB ( also a WCC for PASR traders), that WRB Low is the support of that ranging market. Therefore we use that Low 87.07 as support and trade H4. Nice H4 reversal from that Low with that H4 BUOB and IB as the PA setup. {image} 88.10 was old PPA, but missed by 3 pips anyway I got out when London session closing.
Thanks Emmanuel, I understand your reasoning, but why did you not apply the WRB approach to last week's weekly WRB on AUDJPY which would have favored a short [EDIT] below 87?
  • #83,067
  • Nov 3, 2017 7:23am Nov 3, 2017 7:23am
Quoting lisat
{quote}Please forgive the lack of charts but I am not able on my phone to take a snapshot and upload it and not on my computer today, but on Tuesday 31st price made a doji/pin bar on the daily chart closing back above the low of the day before and which I took to be a rejection of the s61% level, I went to the h4 chart and waited until it looked bullish on there which happened on the midnight - 4am candle, when it made a bullish engulfing. Went down then to the h1 and it had broken out and closed above a mother bar, that was enough for me to go...

but the price on H4 did not even reach the Weekly Fibonacci Pivot s61 86.52 ...what rejection are you talking about?

simple PA at BRN 87.00 is nice enough for any PASR trader.


see chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week 44 Weekly Fibo Pivot.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,068
  • Nov 3, 2017 7:25am Nov 3, 2017 7:25am
Quoting darko2010
{quote} Thanks Emmanuel, I understand your reasoning, but why did you not apply the WRB approach to last week's weekly WRB on AUDJPY which would have favored a short [EDIT] below 87?

WCC rule is there and we do not go short until the WCC is broken.

This PASR rule is simple to see and apply.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,069
  • Nov 3, 2017 8:04am Nov 3, 2017 8:04am
Quoting lisat
{quote}Please forgive the lack of charts but I am not able on my phone to take a snapshot and upload it and not on my computer today, but on Tuesday 31st price made a doji/pin bar on the daily chart closing back above the low of the day before and which I took to be a rejection of the s61% level, I went to the h4 chart and waited until it looked bullish on there which happened on the midnight - 4am candle, when it made a bullish engulfing. Went down then to the h1 and it had broken out and closed above a mother bar, that was enough for me to go...
very nicely done lisat, timing was perfect and you are very correct in saying a retest of a TL broken often occurs and thereafter a continuation with the previous move..I use candle patterns a lot in my trading and find them useful together with the location ( could be a fib,TL s/r etc2)
the cautious seldom err....C
  • #83,070
  • Nov 3, 2017 8:12am Nov 3, 2017 8:12am
taking some profits for the weekend...trades done on H1 after looking at H4
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 62 KB
Click to Enlarge Name: USDCADH1.png Size: 58 KB
Click to Enlarge Name: NZDCADH4.png Size: 67 KB
Click to Enlarge Name: NZDCADH1.png Size: 62 KB
the cautious seldom err....C
  • #83,071
  • Nov 3, 2017 8:30am Nov 3, 2017 8:30am
Quoting emmanuel7788
{quote} Trade Report Week 44 Oct 30 to Nov 03: Not many pairs traded this week as I will go on my year-end vacation next week. {image} Note, Nett pips is negative but Nett P&L $$$ is positive. That's the Power of using Position Sizing with TMS ME/ME. I know member okoso will ask me again on this....
What is this mean? (ME/ME)... sorry I don't know this system yet...
  • #83,072
  • Nov 3, 2017 9:00am Nov 3, 2017 9:00am
Quoting pips29
{quote} very nicely done lisat, timing was perfect and you are very correct in saying a retest of a TL broken often occurs and thereafter a continuation with the previous move..I use candle patterns a lot in my trading and find them useful together with the location ( could be a fib,TL s/r etc2)
exactly....it doesn't matter what is used as long as we see a confluence there whether we look at as you say, fib, tl it all helps us to have that bit of faith in the trade which is needed to hold on with confidence.
Success means going from failure to failure without loss of enthusiasm
  • #83,073
  • Nov 3, 2017 9:10am Nov 3, 2017 9:10am
Quoting Nodir1997
{quote} What is this mean? (ME/ME)... sorry I don't know this system yet...

multi entry, multi exit or basket trading
Blessed is the one who takes refuge in Him.
  • #83,074
  • Nov 3, 2017 9:14am Nov 3, 2017 9:14am
Quoting lisat
{quote} exactly....it doesn't matter what is used as long as we see a confluence there whether we look at as you say, fib, tl it all helps us to have that bit of faith in the trade which is needed to hold on with confidence.
Yes, confidence and confluence are very important and we trade what we see..we share the same ideology
the cautious seldom err....C
  • #83,075
  • Nov 3, 2017 9:30am Nov 3, 2017 9:30am
Quoting emmanuel7788
{quote} Trade Report Week 44 Oct 30 to Nov 03: Not many pairs traded this week as I will go on my year-end vacation next week. {image} Note, Nett pips is negative but Nett P&L $$$ is positive. That's the Power of using Position Sizing with TMS ME/ME. I know member okoso will ask me again on this....
Hi Emmanuel - Great Results

How did you get that profit on EURNZD, I would love to see your trades. I myself have been on this pair for around 2 weeks am presently in medium drawback.
There was a small rise a few days ago but I have no ideal how anyone would risk those 14 large buy trades at that time or even time the trades so well.
Trading thin liquidity at the boundary of the charts
  • #83,076
  • Nov 3, 2017 9:51am Nov 3, 2017 9:51am
Quoting emmanuel7788
{quote} Trade Report Week 44 Oct 30 to Nov 03: Not many pairs traded this week as I will go on my year-end vacation next week. {image} Note, Nett pips is negative but Nett P&L $$$ is positive. That's the Power of using Position Sizing with TMS ME/ME. I know member okoso will ask me again on this....
emmanuel,
Awesome trade results as always! AJ and EN are on my radar this week, but I couldn't execute so many trades as you did. Can you please post your ME/ME for both?

Thanks.
  • #83,077
  • Nov 3, 2017 9:52am Nov 3, 2017 9:52am
Quoting emmanuel7788
The most PMs I got the past 3 months were on what is Lotto model and Insurance model? {image} {image} If you still have not watched that video, here is the link back to that old post: https://www.forexfactory.com/showthr...3#post10080343 or watch this below: https://www.youtube.com/watch?v=ruz_...ature=youtu.be My next post will probably blow some of you away. it is ... to combine the Lotto model and Insurance model, and come up with the Cash Flow model ... that is TMS ME/ME Evolution trading expert advisor...
Hi, Emmanuel. Are you going to post, your next post about lotto/insurance models, before your holidays? I'm very interested with that.
  • #83,078
  • Nov 3, 2017 10:05am Nov 3, 2017 10:05am
on the 4 hour price was rejected at previous swing low several times and also a pivot..when the apb candle turned red I went to the 1 hour and take a look ..saw what i like and so took the trade...btw the daily is in a downtrend with LH/LL...as the nfp was about to be announced I removed my stop to avoid those stops hunting swings..I just stuck with the daily and h4 trend and took all my profits thinking I might close shop early
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 67 KB
Click to Enlarge Name: EURUSDH1.png Size: 63 KB
the cautious seldom err....C
  • #83,079
  • Nov 3, 2017 11:25am Nov 3, 2017 11:25am
I've put together a simple trading journal that focuses on tracking different trade setup performances. Hopefully it is useful to some degree.

https://docs.google.com/spreadsheets...it?usp=sharing

Attached are my setup screenshots with pic that shows losing strikes probabilities on win rates. Think it's over a year or two.

Stay blessed

Nik
Attached File(s)
File Type: zip Trading.zip   3.4 MB | 487 downloads
  • #83,080
  • Nov 3, 2017 12:39pm Nov 3, 2017 12:39pm
Quoting pips29
on the 4 hour price was rejected at previous swing low several times and also a pivot..when the apb candle turned red I went to the 1 hour and take a look ..saw what i like and so took the trade...btw the daily is in a downtrend with LH/LL...as the nfp was about to be announced I removed my stop to avoid those stops hunting swings..I just stuck with the daily and h4 trend and took all my profits thinking I might close shop early {image} {image}
Is that a recognized approached? what i mean is, can it be relied upon as a strategy, to avoid stop placement during nfp? once the market doesn't come back, yo account also doesn't come back.... ?! ;D
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