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Trading Made Simple

  • #86,081
  • Edited 10:53am Feb 1, 2018 9:29am | Edited 10:53am
Onejester,

You wrote:
"If you think I am wrong, simply ignore what I have written".

What an idea.

Thank you.

Frank
  • #86,082
  • Feb 1, 2018 12:58pm Feb 1, 2018 12:58pm
Took LO long for continuation with the trend, went straight without much hesitation +50 pips
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I Have Learned to Take Some Losses to Make Profits
  • #86,083
  • Feb 1, 2018 1:08pm Feb 1, 2018 1:08pm
Quoting onejester
I'm sure I'm not the only one who thinks that this thread doesn't represent an accurate search result for its title. Why? Because there is nothing simple about it. Since the owner died, it doesn't appear to moderated and I think it has wandered off topic (ahem!). Maybe it should be called the advanced TMS thread? {image} {image} If you think I am wrong, simply ignore what I have written.
You not wrong. The new method that must replace BigE's post#1 is to count up to 5 and start again at 1. That will last until the next member come's along with a better method and the whole cycle repeat's it self.
  • #86,084
  • Feb 1, 2018 2:22pm Feb 1, 2018 2:22pm
Quoting onejester
I'm sure I'm not the only one who thinks that this thread doesn't represent an accurate search result for its title. Why? Because there is nothing simple about it. Since the owner died, it doesn't appear to moderated and I think it has wandered off topic (ahem!). Maybe it should be called the advanced TMS thread? {image} {image} If you think I am wrong, simply ignore what I have written.

You are right. Another nice threadtitle would be "Trading made confused by Emm" or "How i highjacked a thread and give a shit about respect".

Due the massive lack of social behaviour of the highjacker and his refusing to accept the rules the former nice thread is now the thrashbin of FF for everybody who wants to post some charts. No newbie will ever gain some knowledge in this chaos.

The true intends of the highjacker are pretty obvious if we count one and one together. Im pretty sure he mainly lives of teachings, no trading. Forex can be very dirty.
Newbies be warned of emmanuel7788. Hes not true.
  • #86,085
  • Edited 6:52pm Feb 1, 2018 5:49pm | Edited 6:52pm
Live trades closed today.
My loser was on the E/G because I failed to adjust my stop as the trade became profitable. The E/U was a small gain after running up and then coming down to hit BE. Entries at vertical yellow, exits at second vertical line. Horizontal line show entry level/exit.
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Without vision, the people will perish.
  • #86,086
  • Feb 2, 2018 6:18am Feb 2, 2018 6:18am
Week 05 Jan 29 to Feb 02:

Look at the Weekly charts of these pairs - AUDUSD, EURUSD, GBPUSD, USDCHF, USDCAD, NZDUSD, USDJPY and also XAUUSD. They all show one thing in common at the moment (pre-NFP). Today' NFP data during the NY session today will no change anything on the Weekly.

What is the common thing you see in these pairs? This will determine the market type which you will trade TMS next week and possibly in the coming weeks.
Those who went long USD the past 4 to 5 weeks and waiting for the correction and reversal , this may be your chance to recover all your losses in the past 4 to 5 weeks.

Good luck.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,087
  • Feb 2, 2018 7:04am Feb 2, 2018 7:04am
Quoting emmanuel7788
Week 05 Jan 29 to Feb 02: Look at the Weekly charts of these pairs - AUDUSD, EURUSD, GBPUSD, USDCHF, USDCAD, NZDUSD, USDJPY and also XAUUSD. They all show one thing in common at the moment (pre-NFP). Today' NFP data during the NY session today will no change anything on the Weekly. What is the common thing you see in these pairs? This will determine the market type which you will trade TMS next week and possibly in the coming weeks. Those who went long USD the past 4 to 5 weeks and waiting for the correction and reversal , this may be your chance...
I believe you are correct, the big players have confirmed a changed in direction for these pairs around 8 days ago. Have a look at the large candles around Wednesday and Thursday last week. Then the price drifts up for a few days then starts to reverse around 48 hours before the announcement.
This cycle repeats time and time again.

The Big players pay enough money in research to get their facts correct and we should listen.
Trading thin liquidity at the boundary of the charts
  • #86,088
  • Feb 2, 2018 7:08am Feb 2, 2018 7:08am
Just watch the big players set up the retail traders.
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Trading thin liquidity at the boundary of the charts
  • #86,089
  • Feb 2, 2018 12:47pm Feb 2, 2018 12:47pm
Quoting emmanuel7788
Week 05 Jan 29 to Feb 02: Look at the Weekly charts of these pairs - AUDUSD, EURUSD, GBPUSD, USDCHF, USDCAD, NZDUSD, USDJPY and also XAUUSD. They all show one thing in common at the moment (pre-NFP). Today' NFP data during the NY session today will no change anything on the Weekly. What is the common thing you see in these pairs? This will determine the market type which you will trade TMS next week and possibly in the coming weeks. Those who went long USD the past 4 to 5 weeks and waiting for the correction and reversal , this may be your chance...
Hi emmanuel,
AU W1 creates BEEB, will you sell next week?

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  • #86,090
  • Feb 2, 2018 7:59pm Feb 2, 2018 7:59pm
Quoting kenchk
{quote} Hi emmanuel, AU W1 creates BEEB, will you sell next week? {image}

Hi Kenchk

I would not simply sell based on just that Weekly BEEB. This can be just a correction of the Dec 2017 Jan 2018 bullish rally.
On a longer term Monthly chart I see AU is wide ranging but to the up side. There are a few key levels which I am watching closely for targets.

On my H4 POMO, it was showing toppisch at 0.8100 then it fell this week with slight pause at 0.8000.
Next to watch the price action what happens between 0.7900 and 0.7850~0.7800 region.
Gap down is likely when NY open on Sunday afternoon.

H4 POMO:
Attached Image (click to enlarge)
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Monthly view:
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Good enough to trade both-ways with MEME.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,091
  • Feb 2, 2018 8:05pm Feb 2, 2018 8:05pm
Quoting RickM
{quote} I believe you are correct, the big players have confirmed a changed in direction for these pairs around 8 days ago. Have a look at the large candles around Wednesday and Thursday last week. Then the price drifts up for a few days then starts to reverse around 48 hours before the announcement. This cycle repeats time and time again. The Big players pay enough money in research to get their facts correct and we should listen.
for these pairs, except AUDUSD which NFP reaction 'ruined' the Weekly view.
it can be sideways wide ranging market type/condition for a while and then follow with potential for breakout and bigger moves.

its gonna to be fun in the coming weeks.

trade well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,092
  • Feb 2, 2018 11:26pm Feb 2, 2018 11:26pm
Last trade of the week, still long with the trend after NFP is over, +30 pips as BRN effect and was Friday at the end of the session
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I Have Learned to Take Some Losses to Make Profits
  • #86,093
  • Feb 3, 2018 1:39am Feb 3, 2018 1:39am
Quoting emmanuel7788
{quote} for these pairs, except AUDUSD which NFP reaction 'ruined' the Weekly view. it can be sideways wide ranging market type/condition for a while and then follow with potential for breakout and bigger moves. its gonna to be fun in the coming weeks. trade well.
Hi Emmanuel

I made that post about a hour before NFP where I could see all the pairs have been dropping against the US dollar for around a day. Then when news broke, another big drop occurred. This fall in the pairs against the US was in my opinion were telegraphed and easy to read. The big players in my eyes gave it away.
I therefore Sold EURUSD, GBPUSD and brought USDCAD.

But to my surprise the moved halted and even reversed before close. My E/U trade became a breakeven but I did manage a good profit on the G/U & U/C.

The big sell of against the US dollar has failed in my eyes. You are right to say only the AUDUSD has a new weekly direction and it does highlight the fact that major news almost never changes the weekly direction, even Trumps presidential win couldn't do it either.

I just have to be happy with a quick win.

I will be buying EURUSD on Monday and believe it will hit 1.28 with a couple of months.
Trading thin liquidity at the boundary of the charts
  • #86,094
  • Edited 5:26pm Feb 3, 2018 4:16pm | Edited 5:26pm
So after all that huffing and puffing, only the AUDUSD is a sell.
This pair is the only one to close below the wick of the highest reaching candle.

EURUSD & GBPUSD are still a strong Buy
NZDUSD is a Buy however looks to be turning.
USDCAD is a NO trade because its trapped within a Weekly Control Candle.
Attached Image (click to enlarge)
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Trading thin liquidity at the boundary of the charts
  • #86,095
  • Feb 3, 2018 5:36pm Feb 3, 2018 5:36pm
Lets look at my JPY Pairs

AUDJPY looks like a good Sell
EURJPY & GBPJPY are a strong BUY
NZDJPY is 50/50
CADJPY & USDJPY are trapped so are a no trade this week

So my MEME Plan for this week on US & JPY Pairs - I am happy to trade two pairs with each group provided I have already taken profits with other pairs within the same month.

Buy EURUSD
Sell AUDUSD

Buy GBPJPY
Sell AUDJPY

Just a note that the coloured bar below the pair name is signal that the pair is moving ( I will use the AUDJPY )
below the wick of the highest reaching candle and is also below the weekly 10EMA.

This is how I trade the Day Chart and use this information to trade with a Bias on the lower time frames.
Its stress free trading if you trade long term with a smaller trade sizes.
Attached Image (click to enlarge)
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Trading thin liquidity at the boundary of the charts
  • #86,096
  • Feb 3, 2018 11:28pm Feb 3, 2018 11:28pm
Quoting bythepound
Live trades closed today. My loser was on the E/G because I failed to adjust my stop as the trade became profitable. The E/U was a small gain after running up and then coming down to hit BE. Entries at vertical yellow, exits at second vertical line. Horizontal line show entry level/exit. {image} {image} {image} {image}
can you please share that volatility indicator? ive been looking for something like that. thank you
  • #86,097
  • Feb 4, 2018 3:45am Feb 4, 2018 3:45am
How does one plot the tdi using moving averages. Ineed it for a non mt4 platform. I remember it being given here a long time back, can't find it now. Thanks for the assist.
  • #86,098
  • Feb 4, 2018 4:50am Feb 4, 2018 4:50am
Quoting csethna
How does one plot the tdi using moving averages. Ineed it for a non mt4 platform. I remember it being given here a long time back, can't find it now. Thanks for the assist.
Attached File(s)
File Type: pdf RSI replicate to TDI.pdf   221 KB | 3,579 downloads
  • #86,099
  • Feb 4, 2018 4:55am Feb 4, 2018 4:55am
Quoting RickM
{quote} Hi Emmanuel I made that post about a hour before NFP where I could see all the pairs have been dropping against the US dollar for around a day. Then when news broke, another big drop occurred. This fall in the pairs against the US was in my opinion were telegraphed and easy to read. The big players in my eyes gave it away. I therefore Sold EURUSD, GBPUSD and brought USDCAD. But to my surprise the moved halted and even reversed before close. My E/U trade became a breakeven but I did manage a good profit on the G/U & U/C. The big sell of against...

Yup. have been buying EU for the past 5 weeks and account grew 5.3% Jan closing. I will continue with buying EU next week and be prepared to cut loss when in case it decided turn around. Current stop loss is previous 2 weeks low where it will hard cut loss below 1.2205.

Will also be careful with selling AU with RBA cash rate decision on Tuesday Feb 06. Expect intraday volatility.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,100
  • Feb 4, 2018 7:40am Feb 4, 2018 7:40am
Quoting emmanuel7788
{quote} Expect intraday volatility. Trade Well.
Profesionell analyzing!

Let me add one more thing.
When it turns night in your location expect darkness. Trade well.
Newbies be warned of emmanuel7788. Hes not true.
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