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Trading Made Simple

  • #86,141
  • Feb 7, 2018 11:13am Feb 7, 2018 11:13am
Quoting emmanuel7788
AUDUSD Week 06 Feb 07 LO: AU moves lower price action is looking good. Re-tested BRN 0.7900 {image}
AUDUSD H4 trade closed.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,142
  • Feb 7, 2018 11:14am Feb 7, 2018 11:14am
GBPUSD H4 trade closed.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,143
  • Feb 7, 2018 11:24am Feb 7, 2018 11:24am
Quoting emmanuel7788
GBPUSD H4 trade closed. {image}
2H 49M over 2 bars on a 4H Chart? I am using candle sticks since started with trading but what time period each bar on a 4H bar chart represents? Not 4 hours? Sorry if this might be a stupid question but i am still quiet new to trading.
  • #86,144
  • Feb 7, 2018 11:27am Feb 7, 2018 11:27am
Quoting lddd
{quote} 2H 49M over 2 bars on a 4H Chart? I am using candle sticks since started with trading but what time period each bar on a 4H bar chart represents? Not 4 hours? Sorry if this might be a stupid question but i am still quiet new to trading.

2H 49M is remaining time to that bar/candle closing ..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,145
  • Feb 7, 2018 11:32am Feb 7, 2018 11:32am
Quoting farsisub
hello guys i remember 5 years ago when i started reading and learning TMS to use in my trades. but after a few months, i stop investing in forex and left this field. after 5 years here i am, fresh and ready to start again. during these years this thread completed and get to 4000 pages and it is really difficult for m to read again all of these pages to understand latest changes in method techniques. Would u plz update me about this? what is the last rules, last indicators and templates u use for yourself, SPECIALLY my good friend emmanuel7788....
you should know that the OP Big E passed away in 2012.
and there is no change to the method how Big E traded.

what I do is simply go back to the way he traded when he was a newbie back in 2008 and start from there.
he remove the two yellow lines aka the Price Action Channel PAC but I put them back which I find useful.
the TDI remains the same but is secondary to me. what I want to see is the price action looking at the price bars.
looking for engulfing bar pattern is one of the setups I look for to trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,146
  • Feb 7, 2018 1:24pm Feb 7, 2018 1:24pm
Quoting v2vboni
{quote} Yes, I also use that type of chart (see the attached) ... together with the one I posted. and sort of a cheat code (attached below). {image} ..although at the moment, the Bonds & Yields and interest rates correlations seems to be vague in terms of USD strength, IMO. {image}
hi v2v is your cot report chart free? any sourse /link?thanks
Say something meaningful or Silence!!
  • #86,147
  • Feb 7, 2018 3:16pm Feb 7, 2018 3:16pm
Quoting emmanuel7788
{quote} you should know that the OP Big E passed away in 2012. and there is no change to the method how Big E traded. what I do is simply go back to the way he traded when he was a newbie back in 2008 and start from there. he remove the two yellow lines aka the Price Action Channel PAC but I put them back which I find useful. the TDI remains the same but is secondary to me. what I want to see is the price action looking at the price bars. looking for engulfing bar pattern is one of the setups I look for to trade.
Hi Emmanuel... can you please share that Price Action Channel indicator? Thanks
  • #86,148
  • Feb 7, 2018 3:29pm Feb 7, 2018 3:29pm
Quoting BigBird
{quote} Hi Emmanuel... can you please share that Price Action Channel indicator? Thanks
PRICE ACTION CHANNEL

read these 3 old posts by the OP and you will find the two yellow lines aka Price Action Channel is on one of the templates he posted. No need additional indicator and you can create the PAC in any trading platform using two 5-period Smoothed Moving Average set to High and Low

https://www.forexfactory.com/showthr...76#post4431776

https://www.forexfactory.com/showthr...81#post4546281

https://www.forexfactory.com/showthr...12#post4353112
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,149
  • Feb 7, 2018 3:34pm Feb 7, 2018 3:34pm
NZDUSD Weekly bull trend has ended.....

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now we look for the next swing or wave to trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,150
  • Feb 7, 2018 7:42pm Feb 7, 2018 7:42pm
Quoting classy
{quote} hi v2v is your cot report chart free? any sourse /link?thanks
I made it... excel only. Get the CSV file from CFTC then do a simple table format and calculation. I shared it here but I usually shared it on local FB forex group and my FB page.
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #86,151
  • Feb 7, 2018 8:50pm Feb 7, 2018 8:50pm
Quoting emmanuel7788
{quote} PRICE ACTION CHANNEL read these 3 old posts by the OP and you will find the two yellow lines aka Price Action Channel is on one of the templates he posted. No need additional indicator and you can create the PAC in any trading platform using two 5-period Smoothed Moving Average set to High and Low https://www.forexfactory.com/showthr...76#post4431776 https://www.forexfactory.com/showthr...81#post4546281 https://www.forexfactory.com/showthr...12#post4353112
Thanks
  • #86,152
  • Feb 7, 2018 11:30pm Feb 7, 2018 11:30pm
Quoting emmanuel7788
{quote} 2H 49M is remaining time to that bar/candle closing ..
aaah ok thanks.
  • #86,153
  • Edited Feb 9, 2018 2:27am Feb 8, 2018 11:20pm | Edited Feb 9, 2018 2:27am
my yesterday trade

sell gbpjpy +117pips

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  • #86,154
  • Feb 9, 2018 6:53am Feb 9, 2018 6:53am
AUDUSD - Trading the pools of Liquidity

This is just a small trade win but I feel it highlights the need to choose the correct TDI signal. The problem I had for a couple of years was taking too many TDI crosses that looked good at the time of the trade but failed soon after.
So began my quest to understand how the market moves and how to select the correct directional moves and trade them.
What I found at the end was pools of Liquidity. We got it all wrong.
Its not random at all, just a price action ball rolling towards the next biggest pool of Liquidity on the chart.
If we can guess where the next biggest pool may be, we should just trade towards it.
Therefore I now trade AWAY from the POC which is often around the Monthly Close Line if we trade the H4.
So I trade the Candle with Intend away from the POC and the Monthly Line ( Kings Candle Strategy in a Nutshell )
If the TDI looks good, its a bonus.

Before someone rats on about not using Big E's Charts, that's because there his charts not mine.
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Trading thin liquidity at the boundary of the charts
  • #86,155
  • Edited 12:51pm Feb 9, 2018 11:04am | Edited 12:51pm
since your using MP look for demand around value low and take the pullback to it to value high and even tdi was turned up
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  • #86,156
  • Feb 9, 2018 4:15pm Feb 9, 2018 4:15pm
Quoting RickM
AUDUSD - Trading the pools of Liquidity This is just a small trade win but I feel it highlights the need to choose the correct TDI signal. The problem I had for a couple of years was taking too many TDI crosses that looked good at the time of the trade but failed soon after. So began my quest to understand how the market moves and how to select the correct directional moves and trade them. What I found at the end was pools of Liquidity. We got it all wrong. Its not random at all, just a price action ball rolling towards the next biggest pool of...
Rick, What is the POC indicator you are using?
  • #86,157
  • Feb 9, 2018 6:04pm Feb 9, 2018 6:04pm
Quoting RickM
AUDUSD - Trading the pools of Liquidity This is just a small trade win but I feel it highlights the need to choose the correct TDI signal. The problem I had for a couple of years was taking too many TDI crosses that looked good at the time of the trade but failed soon after. So began my quest to understand how the market moves and how to select the correct directional moves and trade them. What I found at the end was pools of Liquidity. We got it all wrong. Its not random at all, just a price action ball rolling towards the next biggest pool of...
Hi Rick, Same question as Nigpig - What is the POC indicator used and what is the indicator display on the left of your chart in red. Please share for our well being mate. Cheers! Sachu
  • #86,158
  • Feb 10, 2018 1:34am Feb 10, 2018 1:34am
Quoting nigpig
{quote} Rick, What is the POC indicator you are using?
Hi Nigpig

Just google pz and market profile and you should find a free copy. To give you another reason why MP is so valuable, you can't even download a version on to Tradingview unless you pay to be Pro user.

GBPJPY

Why we are on the subject, let me show you a trade from yesterday using MP. Here on the 5 minute chart, we have had four days of ranging where the price action is going no where and the Point of Control ( Highest traffic area for day ) for the three days were all within a 20 pip range.
All I have been doing for a couple of days was to trade into the band for a few pips and then away from the band for a few pips. It is kind of like a ball with a elastic band attached to its body. Every time it moves away from the band, the tension tightens and the ball falls back to the band. This has been occurring for around 4 days and its easy money if you notice this nice tight range.

My plan was simple. Eventually the move away from the POC band would be so strong, the band will snap and price action will stream away. This happen last night so I managed to pick up 95 pips before I got stopped out. It actually reached 230 pips but I was already out and in bed.

Also notice that the average daily range was double so if we were paying attention, we should have guessed a move was on the way.
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Trading thin liquidity at the boundary of the charts
  • #86,159
  • Feb 10, 2018 3:15am Feb 10, 2018 3:15am
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GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #86,160
  • Feb 11, 2018 2:46am Feb 11, 2018 2:46am
I was manually trading AUDUSD last week and and did well. Easy when the trend continues all week after making the correct initial pick using weekly.
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If I had done this with my MEME trade manager I would have got close to this simulation below. This is using fixed lot sizes with a max of 3 MEME entries at one time on a gris spacing of 0.5 ADR(daily 100). More risk though as a reverse in trend will wipe out all profit unless closed early.
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