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Trading Made Simple

  • #83,681
  • Nov 28, 2017 12:58pm Nov 28, 2017 12:58pm
Quoting Black
There is obviously a pattern: New thread every 2 years. Question is: Do you guys think this clown will indeed open a new...

You have discovered a pattern . Indeed. . Troll pattern spoted

I am confident a new pattern will be created. I'll bet for that with maximum leverage

Thank you Black, you made my day hahaha
Money moves the market, not an indicator.
  • #83,682
  • Nov 28, 2017 3:08pm Nov 28, 2017 3:08pm
Quoting emmanuel7788
{quote} Hi, I am not trading this week but I have done my Big Picture as usual every weekend. Sell today open is the right decision with the BEOB/BEEB setup on D1 chart. The BEOB/BEEB closed below it 10EMA, perfect setup looking at the PA with theWCC High. If you had done your MN BPP and have those MN swing levels on your chart, you will see them on my chart below. Those Violet colour are MN Swing level. We see how the price rally ended with the Weekly big candle aka WCC. and now we see selling from the WCC High. I would target the WCC Low . Selling...
can you tell me what is the indicator that shows multiple time frame tdi and candles on same chart?
  • #83,683
  • Nov 28, 2017 7:08pm Nov 28, 2017 7:08pm
Quoting Jordi
Here my currency pairs for this week: Group 1: GBPUSD. My bias is long. ATR 100 is 115. Monthly: The trend is up, but was month was a IB. The price is hitting the bearish trendline. Weekly: Last closed above the PAC, and TDI is also bullish, it looks like is going to attack the bearish trendline, but the price is inside a WRB. Daily: The D1 trend is clearly bullish. Price above the PAC, above the 5 EMA, and TDI (D1) is also bullish. Group 2: EURCAD ( I'm already short since last week) Group 3: I'm waiting for a signal. Group 4: EURJPY( I'm already...
Hi Jordi,

Can you please explain why is EURJPY a bearish trend? In month, it is bullish while in weekly it is already flattening out. But which timeframe do you identify or confirm the trendline?
  • #83,684
  • Nov 28, 2017 11:09pm Nov 28, 2017 11:09pm
Quoting emmanuel7788
{quote} Hi, Big E's original definition of a set up candle is the HA candle which close above the 5EMA for buy with TDI confirmation. The opposite for sell. So you setup candle is wrong. Your Entry candle is the setup candle and you can entry during that candle. See this old post: You can enter a buy a trade even when the HA candle is below the 5EMA. Look at the price action of the real price and the HA candles cover the real price. https://www.forexfactory.com/showthr...93#post4590293 {image}
Thank you.

Is there anyway I can PM you?
  • #83,685
  • Nov 29, 2017 2:38am Nov 29, 2017 2:38am
Quoting emmanuel7788
{quote} Yes, but I prefer FX Blue which has other features which TE does not have at the moment. TE has limited support for other trading platforms other than MT4.
Oh. Correct me if I'm wrong, but didn't that account get a margin call?
Gone to a better place
  • #83,686
  • Nov 29, 2017 4:17am Nov 29, 2017 4:17am
Quoting smikester
{quote} Oh. Correct me if I'm wrong, but didn't that account get a margin call?

margin call? which account are you seeing in my FX Blue?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,687
  • Nov 29, 2017 4:18am Nov 29, 2017 4:18am
Quoting ekoooy
{quote} Thank you. Is there anyway I can PM you?

You can PM me anytime because you are not in my Ignore list which is still empty since 2008. ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,688
  • Nov 29, 2017 4:20am Nov 29, 2017 4:20am
Quoting raedmaa
{quote} can you tell me what is the indicator that shows multiple time frame tdi and candles on same chart?

12 hours passed and nobody came to help you...

check this posts:

Post#76,270 for the pipware tool

and

Post#193 for the TMS Monitor tool
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,689
  • Nov 29, 2017 4:35am Nov 29, 2017 4:35am
Money Management

this is somethings which Big E did not share much in his threads.

Go over to strat's thread and download those pdfs.

https://www.forexfactory.com/showthr...6#post10539756
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,690
  • Nov 29, 2017 4:39am Nov 29, 2017 4:39am
Quoting birdnest
{quote} Hi Jordi, Can you please explain why is EURJPY a bearish trend? In month, it is bullish while in weekly it is already flattening out. But which timeframe do you identify or confirm the trendline?
In the post you quoted, I didn't say EURJPY is in a bearish trend, what I said is "I'm already short since last week".

Last week it was a sell signal on D!, that's the reason for my short position. I'm holding this short position since last week. Now, this pair is sideways.

My intention was to get out of this position as fast as possible. In fact, I can close this position right now with a small profit, but I have a problem. My short position on EURCAD, most probably, will be stopped. So how to recover from that loss, if happen?

I've been thinking about that, and a possible solution can be holding winning positions as long as possible. So considering that EURJPY is sideways, but bearish oriented ( D1), I've chosen to hold these positions open with the hope is starting to win bearish momentum and, maybe, this will help me to recover of a possible loss on EURCAD. I know, all of this is risky. Let's see what happen.

But you are right. Monthly trend is bullish. My short was entered based on D1. If you want more details, take a look at these posts :
https://www.forexfactory.com/showthr...3#post10509633
https://www.forexfactory.com/showthr...6#post10532446
  • #83,691
  • Nov 29, 2017 5:02am Nov 29, 2017 5:02am
Quoting Jordi
{quote} In the post you quoted, I didn't say EURJPY is in a bearish trend, what I said is "I'm already short since last week". Last week it was a sell signal on D!, that's the reason for my short position. I'm holding this short position since last week. Now, this pair is sideways. My intention was to get out of this position as fast as possible. In fact, I can close this position right now with a small profit, but I have a problem. My short position on EURCAD, most probably, will be stopped. So how to recover from that loss, if happen? I've been...

EURJPY has been ranging market type for several week after that Oct MN closed. But in the Weekly we can see when the ranging condition started in Oct.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Week 48 ranging market type.png Size: 62 KB


When the market type is ranging, check the high-low of the range and you can sell near the swing high resistance and buy near the swing low support.
Since I am not trading this week, I can run simulation how you can trade this type of ranging market and still make small money with low risk.
You just need to be prepared when the market breaks out and if you are caught in the wrong direction when there is breakout, this is when you need to have a Plan B after you cut loss.


Attached Image (click to enlarge)
Click to Enlarge Name: EurJpy MEME trades in Ranging market.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,692
  • Nov 29, 2017 5:11am Nov 29, 2017 5:11am
EurJpy aggressive trading in ranging market conditions and if you are prepared to lose your shirt, you can try it risking up to maximum 30% of your account deposit.

Same trading period Oct 02 to Nov 27

Attached Image (click to enlarge)
Click to Enlarge Name: EurJpy MEME aggressive tradimg in Ranging market.png Size: 13 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,693
  • Nov 29, 2017 5:19am Nov 29, 2017 5:19am
Quoting Jordi
{quote} You are absolutely right. My fault . but for example, here https://www.forexfactory.com/showthr...42#post8805142 185 trades and 4347 pips, for one week, is still a lot of trades and pips for a single week. So, how many pairs you were trading Emm? Week 09 to 10 ( Mar 2 to 10) Winning trades : 150 Losing trades : 35 Total Win pips : 4,347 pips Average Win Pips : 28.6 pips Average Win Amount: $559.17 Average Lot Size : 2.07 std. Average duration of trade : 7Hours 55Mins {image}
Hi Jordi,

You need to go back to 2015 posts when I started posting my weekly account statements. There were reason for me posting those statements which I explained at the very beginning.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,694
  • Nov 29, 2017 5:24am Nov 29, 2017 5:24am
Ok Emm, thanks for your posts, are inspiring for a MEME student like me. Let's suppose I'm trading this range shorting the market, and this is PLAN A. Then, there are some news or something, and the market goes up, and I my stops are filled.

Then is a valid PLAN B start to buy the market, following the new bullish trend. If so, I've been thinking about the recovering strategy. Let's suppose this week I've lost 1% shorting EURJPY, in order to recover this loss, I have 2 possibilities:

1- next week, spread the amount lost between the 5 pairs. So next week, the risk is 1.20 for every pair.
2- Add a new pair. So next week, trade 6 pairs= 6% risk.

What do you think about it?
  • #83,695
  • Nov 29, 2017 5:29am Nov 29, 2017 5:29am
Quoting emmanuel7788
{quote} Hi Jordi, You need to go back to 2015 posts when I started posting my weekly account statements. There were reason for me posting those statements which I explained at the very beginning.
well, in fact, I've got a document with MEME posts from 2013, I can not upload a copy because it exceeds the 6 MB. I 'm going to read again.
  • #83,696
  • Nov 29, 2017 5:41am Nov 29, 2017 5:41am
Emm, one question regarding your backtest. What's your entry criteria? there are long entries and short entries, on a D1. Is possible a TDI cross on 4h, as entry criteria?
  • #83,697
  • Nov 29, 2017 5:45am Nov 29, 2017 5:45am
Quoting Jordi
Ok Emm, thanks for your posts, are inspiring for a MEME student like me. Let's suppose I'm trading this range shorting the market, and this is PLAN A. Then, there are some news or something, and the market goes up, and I my stops are filled. Then is a valid PLAN B start to buy the market, following the new bullish trend. If so, I've been thinking about the recovering strategy. Let's suppose this week I've lost 1% shorting EURJPY, in order to recover this loss, I have 2 possibilities: 1- next week, spread the amount lost between the 5 pairs. So next...
Hi Jordi,

You want some more inspiration, I have been very motivated during this year end break and had a few good discussions with a few traders. In fact, we will be meeting next month and together we will jointly prepare our 3 years business plan for 2018, 2019 and 2020.
We all have a common dream, i.e. to make one million dollars in 3 years and we all will start with two million dollar each and only risking 5% at the start.
More details next months before Christmas and I will share this big dream with you all here.

Now regarding Plan B and Plan C, recal my post,
https://www.forexfactory.com/showthr...8#post10536718

Now looking at how GBPNZD traded yesterday and today, having a Plan B and also Plan C should come in handy.
I had sometime and did some chart update below.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD MN BPP Nov 29.png Size: 39 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD W1 BPP Nov 29.png Size: 62 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD D1 BPP Nov 29 update.png Size: 72 KB



Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD D1 chart w W1 background.png Size: 66 KB


Hope these charts will help you understand better the planning process and prepare your trade plans.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,698
  • Nov 29, 2017 5:49am Nov 29, 2017 5:49am
Quoting Jordi
Emm, one question regarding your backtest. What's your entry criteria? there are long entries and short entries, on a D1. Is possible a TDI cross on 4h, as entry criteria?

basic entry criteria is always follow TMS setup , initiate the first trade with a HA#2 entry and the the build position starts from there. The HA#2 trade initiation can be any timeframe - can be H1, M15, M5 and even M1 , we are not looking at accurate entry but just to initiate the first trade for the basket.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,699
  • Nov 29, 2017 5:52am Nov 29, 2017 5:52am
Quoting Jordi
Ok Emm, thanks for your posts, are inspiring for a MEME student like me. Let's suppose I'm trading this range shorting the market, and this is PLAN A. Then, there are some news or something, and the market goes up, and I my stops are filled. Then is a valid PLAN B start to buy the market, following the new bullish trend. If so, I've been thinking about the recovering strategy. Let's suppose this week I've lost 1% shorting EURJPY, in order to recover this loss, I have 2 possibilities: 1- next week, spread the amount lost between the 5 pairs. So next...

BTW, you should stop trading when Friday Dec 15 closing. No more trades from Dec 18 until Jan 5.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,700
  • Nov 29, 2017 6:01am Nov 29, 2017 6:01am
Quoting emmanuel7788
{quote} You can PM me anytime because you are not in my Ignore list which is still empty since 2008. ...
i've sent a PM. Thanks
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