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Trading Made Simple

  • #85,521
  • Jan 12, 2018 6:00am Jan 12, 2018 6:00am
Quoting nigpig
I caught a break out of a master bar on EJ H4. SL adjusted to break even. {image}
My trailing stop got hit at +95pips on EJ. Great.
  • #85,522
  • Jan 12, 2018 6:00am Jan 12, 2018 6:00am
USDJPY TDI hooking up . Looks like this trade will be a loser .
Know your edge and trade within it
  • #85,523
  • Jan 12, 2018 7:31am Jan 12, 2018 7:31am
Stopped out UJ
Know your edge and trade within it
  • #85,524
  • Jan 12, 2018 9:44am Jan 12, 2018 9:44am
As per earlier, different scale and Dax instead of EU, but that double Cup & Handle pattern proves deadly, again, taking the trades back into trend at prior Demand zones each time;

Attached Image (click to enlarge)
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GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #85,525
  • Jan 12, 2018 10:01am Jan 12, 2018 10:01am
And the bigger picture, (always keep in view);

Attached Image (click to enlarge)
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  • #85,526
  • Jan 12, 2018 11:28am Jan 12, 2018 11:28am
Quoting emmanuel7788
{quote} its semi-auto meaning you as the trader have to make that crucial decision at the beginning of the week whether you want to be buyer or seller (or both). Yu an trade both ways during the week when the market is ranging.... swing high and swing low during the week. use trading tools to alert you of price bar patterns like then you open your trading charts and trade. I posted a price bar pattern alert indicator which will alert you 5 to 10 mins before the current bar closes. Look for that in the thread attachments. Edit. Found it, here in...
Hi Emm!
Thank you very much for sharing your experience!
I'm familiar with the James16. I started studying forex on James16 and did 3 positive months as he taught.
Your Big Picture Plan reminded me of the clockwork71 method, he trades H4 and determines the S/R levels on W1 and D1.
I have a few questions about how you use the PA Channel (PAC):
1. With the conservative method of trading (Dean Malone) when HA / Synergy_APB closes above or below the PAC, and on the TDI Green line CROSS Red line, slope Green Line not important (Big E 12-2 / 4-6) when making decision to enter the trades?
2. When trading H4, consider where the Green Line is located relative to the Yellow Line and 50 level or is it important for smaller timeframes like M15 / M5?
3. Do you have an indicator that would give out an alert when the price crosses the MA (settings for 5SMMA High, 5SMMA Low)?
  • #85,527
  • Jan 12, 2018 2:59pm Jan 12, 2018 2:59pm
Never a live trade in us session here why?
  • #85,528
  • Jan 12, 2018 4:33pm Jan 12, 2018 4:33pm
About trading times, best time to start at LO. My broker displays new H4 bars at 2.5hrs before LO and 1.5h after LO. Can I trade the bar before the open (non-repainting TDI)?

Same question for NYO, bar refreshes at 30mins before NYO.

Or do I look RealTime TDI at LO and trade the positions the TDI is favorable at the moment London opens?

thanks,
bunne
  • #85,529
  • Jan 12, 2018 6:06pm Jan 12, 2018 6:06pm
Quoting emmanuel7788
USDJPY Week 02 Jan 11 Master Candle breakout {image} Master Candle alert indicator, this old post: https://www.forexfactory.com/showthr...50#post8857950

USDJPY H4 trade clsoed before the US data release.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 02 Jan 12 trade closed.png Size: 29 KB


Look at how the market reacted at that BRN 111.00.
The rookie trader say not to sell at the very bottom of the swing and when market is exhausted, which swing? LOL.
All my H4 trades are close during the NY session and usually by the time London session closing.
Unlike the rookie trader who hold on to trades that are floating in losses and huge drawdown hoping and praying for weeks and months that the market will come back to those Location to take small profits.

USDJPY Week 03 to 5 Jan 15 to 31:

Look at D1 chart and update your Big Picture.
Do you see there is recent support?
Do you see 'empty space' to sell into?
What is your trade plan of you are Position trading?
Some market experts said in the new year opening , Sell Yen 112.30, target 105.00, stop 113.20
Will UJ see 105.00 in coming weeks?
We shall see.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,530
  • Jan 12, 2018 6:10pm Jan 12, 2018 6:10pm
Trade Report for H4 trading my first week trading this year.

Attached Image (click to enlarge)
Click to Enlarge Name: Trade Report Week 02.png Size: 42 KB


updated Trade Report indicator attached.
Attached File(s)
File Type: ex4 TradeReport.ex4   88 KB | 801 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,531
  • Jan 12, 2018 6:30pm Jan 12, 2018 6:30pm
Quoting fxtrader29ca
USDJPY TDI hooking up . Looks like this trade will be a loser .

a Bullish Engulfing Outside Bar will make the TDI Green hook backwards...

compare both the TDI Red Green in post#25 and th TDI Realtime in realtime live market.
The next candle is an entry for H1 buy.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY BUOB TDI compare.png Size: 20 KB


Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Jan 12 H1 BUOB.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,532
  • Jan 12, 2018 7:11pm Jan 12, 2018 7:11pm
Quoting dmlp14
{quote} Hi Emm! Thank you very much for sharing your experience! I'm familiar with the James16. I started studying forex on James16 and did 3 positive months as he taught. Your Big Picture Plan reminded me of the clockwork71 method, he trades H4 and determines the S/R levels on W1 and D1. I have a few questions about how you use the PA Channel (PAC): 1. With the conservative method of trading (Dean Malone) when HA / Synergy_APB closes above or below the PAC, and on the TDI Green line CROSS Red line, slope Green Line not important (Big E 12-2 / 4-6)...

Hi dmlp,

james16 is s good place to start when learning how to trade price action. But the OP has gone commercial on his own but all his trading with price action lessons are still here in FF. It is up to each individual to pick out what work for them.

Answer to your questions:

1) When you use the Price Action Channel PAC 5SMMA set to High-Low for trade setups, the TDI is less important. If you want trade the reversal (Big E 12-2 / 4-6) like Big E did, then I must emphasize again that you must use the TDI Red Green in post#25 and you do not refresh your charts when you have open trades.

2) If you use the TDI MBL and level-50 as when trading H4, you will have fewer trade opportunities. You need to look at the bigger picture on your H4 charts, what the market conditions are - what is the volatility like, what is the market type seen on Weekly and Daily. But when you trade M15, using the MBL and level 50 is a good to be scalping.

3) I don't use any PAC alert but can make one quite easily. I use price bar pattern alerts then look at my trading charts if there are trade setups.
Why don't you consider using the TMS Monitor for those pair you trade?

I PM you later.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,533
  • Jan 12, 2018 7:43pm Jan 12, 2018 7:43pm
Quoting emmanuel7788
{quote} Hi dmlp, james16 is s good place to start when learning how to trade price action. But the OP has gone commercial on his own but all his trading with price action lessons are still here in FF. It is up to each individual to pick out what work for them. Answer to your questions: 1) When you use the Price Action Channel PAC 5SMMA set to High-Low for trade setups, the TDI is less important. If you want trade the reversal (Big E 12-2 / 4-6) like Big E did, then I must emphasize again that you must use the TDI Red Green in post#25 and you do...

The great helper, may God continue to bless you.
Time always comes before price
  • #85,534
  • Jan 12, 2018 7:53pm Jan 12, 2018 7:53pm
Here is some information for those of you who wants to trade H4 using the PAC 5SMMA High-Low instead of the 5EMA, Typical Price, Shift+3.

The top 3 performing pairs for the past 5 years - 2013 to 2017 are:

GBPJPY
USDJPY
EURUSD

out of Big E's 8 trading pairs.

we shall see what the performance will be in 2018 and 2019 when we continue to trade with Price Action and with the PAC.
for those trading with non-MT4 platforms, you can replicate the TDI with the standard MACD with settings (2,13,7) to replicate the TDI on your H4 charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,535
  • Jan 12, 2018 10:17pm Jan 12, 2018 10:17pm
For those of you coming to this thread and look for a trading system,

go to this thread and learn something.

https://www.forexfactory.com/showthr...7#post10667417

Use TMS 5-Method as your core trading methodology and develop three systems.
1) short term scalping and intraday trading.
2) 4H swing trading on H4 chart timeframe.
3) Position trading on D1 chart timeframe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,536
  • Jan 13, 2018 3:51am Jan 13, 2018 3:51am
That's for that information Emm, that was a brilliant written piece on market Design by Van Tharp I believe.

I particularly use this paragraph below in my main Strategy. For me I need to trade when market types are transitioning. Is the time right ?


"A stormy night clears into a sunny day.
Choppy foam settles into a peaceful blue-green glaze… or morphs into a squally and dangerous tempest.
Just as sideways volatile settles into sideways quiet and then transitions into a strong bull.
There is an edge if you understand market types, but there is a greater edge if you understand the probability of what the next market type will be.
If you know that historically more often than not a bull volatile ends in a bear volatile then you can plan accordingly.
Similarly if you understand that a sideways quiet usually results in a break out to a bull or bear then you could develop a system to capitalize on this knowledge."

There is one thing historically we all know is that after a strong period of consolidation, there will normally be a good breakout move because of this energy gained from this fiction. All we have to do is define this area and then wait for a breakout move away from this area.
It is the breakout candle that has intend to move so why shouldn't we just wait for this move.

THE BREAKOUT CANDLE THAT HAS INTEND TO MOVE AWAY FROM CONSOLIDATION IS THE BEST TDI CROSS TO BET ON.

I bypass dozens of TDI crosses just looking for those candles that move away with energy. It may be the 6 - 10 crosses later but my odds of a good win give me that trading edge that is worth taking that trade.

In the Chart below, The breakout I traded was about the Fourth TDI Cross and I had no reason to doubt I had taken the correct Cross.
Attached Image (click to enlarge)
Click to Enlarge Name: gc99.png Size: 226 KB
Trading thin liquidity at the boundary of the charts
  • #85,537
  • Jan 13, 2018 5:39am Jan 13, 2018 5:39am
Quoting emmanuel7788
Trade Report for H4 trading my first week trading this year. {image} updated Trade Report indicator attached. {file}
Thanks emmanuel
Attached Image (click to enlarge)
Click to Enlarge Name: thanks.PNG Size: 48 KB
  • #85,538
  • Edited 12:08pm Jan 13, 2018 11:30am | Edited 12:08pm
Hi, TMSers:
Can anyone recommend/attach a good and reliable support/resistance (supply/demand)indicator for MT5?
Also , has anyone heard of anything like 'period converter' for MT5? Reason I'm asking is because sometimes I need to create timeframes still not available on MT5, despite the fact that MT5 already has more timeframes that MT4.
Thank you for your time and help!
  • #85,539
  • Jan 13, 2018 2:09pm Jan 13, 2018 2:09pm
Quoting emmanuel7788
Here is some information for those of you who wants to trade H4 using the PAC 5SMMA High-Low instead of the 5EMA, Typical Price, Shift+3. The top 3 performing pairs for the past 5 years - 2013 to 2017 are: GBPJPY USDJPY EURUSD out of Big E's 8 trading pairs. we shall see what the performance will be in 2018 and 2019 when we continue to trade with Price Action and with the PAC. for those trading with non-MT4 platforms, you can replicate the TDI with the standard MACD with settings (2,13,7) to replicate the TDI on your H4 charts.
Hi Emmanuel,

I am using MT5 plat form but i am not able to install External Indicator Like TDI,Daily open line etc,

Please can you help me in this

Cheers
  • #85,540
  • Jan 14, 2018 12:18am Jan 14, 2018 12:18am
hi SIR emmanuel . i was watching this thread since many time .. and now decided to be expert of this strategy .. 1st question .. is it necessary to read 4000 pages ? or is their any ebook /video to be expert .. instead of reading 4000 pages ...
becoz if i read 20 pages average daily it can take 7 months to approach 4000 pages ...i know every good thing take time .. but as u know 7 months is huge time .. i want to do it in max 2 months ...plz advise
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