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Trading Made Simple

  • #87,061
  • May 1, 2018 6:55am May 1, 2018 6:55am
Quoting nhoelb
I understand that the Price Action Channel is two smooth MA, period 5, apply to low and high. My problem is, I can not see the option to apply to high and low. Maybe Im using a diffent kind of Moving Average Indicator. Can some one attached mq4 file of MA youre using, that has the option to set to low and high...
PAC 5SMMA high + Low

you must use two moving averages one set to High and the other set to Low

compare the use of the 5EMA, Typical Price,Shift+3

see these posts:

https://www.forexfactory.com/showthr...9#post10336829

https://www.forexfactory.com/showthr...47#post8159047

https://www.forexfactory.com/showthr...12#post5428312
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,062
  • May 1, 2018 7:05am May 1, 2018 7:05am
Quoting emmanuel7788
{quote} Hi JKLee No I did not make thousand pips with USDCHF because I don't trade any CHF pairs. You look at my 20 pairs and I have 5 groups in there and CHF is not in there. If you follow the approach I use for top down analysis and have a Big Picture pf the market, then picking that start of that trend in April was an easy one. No secret for those EOD traders. Its has to do with the D1 PAC and market volatility. If you look at my trades with GBPUSD the last 2 weeks, the number of pips can pile up when we trade with averaging up in a trending...
Thanks for the quick reply, Emmanuel.

Today's GBPUSD was obviously oversold condition if you look at the TDI, but you relied on PAC and made profitable trades.
Then, when you are going to stop GBPUSD MEME sell trading? Currently it's oversold condition but still in PAC channel low side in H1, H4, D. Are you looking at Monthly candle for support and resistance? Thank you.
FOR THE HORDE
  • #87,063
  • May 1, 2018 7:24am May 1, 2018 7:24am
TMS Monitor May 01 NY Open +20 minutes

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No trade plan, no trading ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,064
  • May 1, 2018 7:27am May 1, 2018 7:27am
sell eurusd h4 +42pips

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  • #87,065
  • May 1, 2018 9:54am May 1, 2018 9:54am
sell gbpjpy h4 +36pips

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  • #87,066
  • May 1, 2018 10:08am May 1, 2018 10:08am
Quoting amiralifx
sell gbpjpy h4 +36pips {image}
Good trade

I'm still in

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Building a Freedom All Time Return: 5,178.8%
  • #87,067
  • May 1, 2018 10:13am May 1, 2018 10:13am
Quoting J1mm
{quote} Good trade I'm still in {image}
very good.

good luck.
  • #87,068
  • May 1, 2018 2:42pm May 1, 2018 2:42pm
Quoting emmanuel7788
{quote} you must be SPECIFIC when you define Wide Range Bar WRB. Its either 3 or 4, it cannot be 3/4. WRB is the largest price bar/candle in a consecutive 3 bars/candles. the same for Master Candle [3] which are the most frequent occurring. There are other MC MC[4] and MC[5]. A MC[4} will always show as MC[3] first before it becomes a MC[4]. You know the logic here? Both WRB and MCs are applicable in all chart timeframes. In the the Weekly timeframe, there are WRB which are also Weekly Control Candle WCC (by strat). But not all WCC are WRB. Do you...

sorry but I am confused over WRB now as in this post you said 3 to 5 candels

https://www.forexfactory.com/showthr...96#post8115896


what is this master candle 3?
I looked online and saw 3 different definitions of a master candle and they all say a master candle must have at least 4 candles in it to be considered a master candle

i am not sure what WCC is .....
  • #87,069
  • May 1, 2018 7:06pm May 1, 2018 7:06pm
Quoting kain775
{quote} sorry but I am confused over WRB now as in this post you said 3 to 5 candels https://www.forexfactory.com/showthr...96#post8115896 what is this master candle 3? I looked online and saw 3 different definitions of a master candle and they all say a master candle must have at least 4 candles in it to be considered a master candle i am not sure what WCC is .....

see the comments I made on that old post chart.

there are different Master Candles... that engulf the candle after it, the number of engulfed candles can be 3 , 4 and 5 .... more.

the MC[3] aer the most frequently occurring and we use them to identify ranging and consolidation market types when we trade TMS.

Remember, Post#647 . We avoid taking a TDI trade when the price is near or inside a CONSOLIDATION area.
Making use of WRBs and MCs is just one way to help traders to follow this #647 Rule.

The higher number of candles inside the MC[x] , the longer the duration of the consolidation and the breakout will be strong.

Never mind about the WCC for now. Learn to see the WRBs and MCs first.

Attached Image (click to enlarge)
Click to Enlarge Name: WRB old post 02-05-2018 07-48-49.png Size: 202 KB


Observeclosely each bar/candle sequence,

its always WRB, then becomes Mother Bar with Inside Bar, then Master Candle after 2 bars/candle later.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,070
  • May 1, 2018 7:11pm May 1, 2018 7:11pm
Quoting JKLee
{quote} Thanks for the quick reply, Emmanuel. Today's GBPUSD was obviously oversold condition if you look at the TDI, but you relied on PAC and made profitable trades. Then, when you are going to stop GBPUSD MEME sell trading? Currently it's oversold condition but still in PAC channel low side in H1, H4, D. Are you looking at Monthly candle for support and resistance? Thank you.

The RSI is an oscillator which works great in ranging market when price swing high and swing low, that what those overbought and over sold levels are.

But when the market is strong trending, the RSI can remain in the OB / OS regions for longer time until it go into ranaging condition again. To see the strong trend, just move one and two timeframe higher.

You will see the support and resistance in every timeframe. I start top down starting from MN, then W1, then D1. As I trade mostly longer term trades, I look more to the MN support/resistance levels.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,071
  • May 1, 2018 7:23pm May 1, 2018 7:23pm
Quoting JKLee
{quote} ... Then, when you are going to stop GBPUSD MEME sell trading? Currently it's oversold condition but still in PAC channel low side in H1, H4, D. Are you looking at Monthly candle for support and resistance? Thank you.
when will I stop selling GBPUSD?

Answer: when it consolidates I take my profits, re-enter new sell and start to build positions again until the next consolidation. I will stop price reverses to where my 2 Bars_Look_Back High.

GBPUSD trades update May 02 TOK session.

Now floating +274pips with 6 open positions. And yesterday only move 184pips from its Day High to Low.
You got to learn how to take advantage when the market trends and make more pips. Keep the floating loss / DD as low as possible.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,072
  • May 1, 2018 7:37pm May 1, 2018 7:37pm
Quoting emmanuel7788
Target 40% of the Average Weekly Range (52 weeks) If today is the swing high, then the way down is about 92pips from the current week high. But we have support below, therefore we must manage. One way is to use THV CaveManager , 'set-and-forget' with Capital Protection feature set to ON. see chart below: {image}

EURJPY May 02 update:

EJ hit 40% of its Average Weekly Range (52 weeks)

now we watch if it will move lower and target the next level 60% and where it will reverse.
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,073
  • May 1, 2018 7:45pm May 1, 2018 7:45pm
This week, selling AUDJPY, EURJPY and GBPJPY... continues .

Look for sell set-ups on H1 when price pulls back to its 10EMA(H1) and find a trade with small SL.

same you can do it on M15, even smaller SL 15 to 20 pips.

Good Trading folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,074
  • May 1, 2018 11:14pm May 1, 2018 11:14pm
Quoting emmanuel7788
{quote} Big Es trading evolved over several years from 2008 till 2011. In 2011, he not only removed the Stochastics from his template, he also removed the 5EMA. Same year 2011, months before he fell very ill, he told those in his skype group about an advance version but he did not have the time to share it with us. He passed away in Oct 2012
Trading Made Simple aka TMS will always be the same 5-Method. If we remove the 5EMA, it will not be called the 5-METHOD..
Dear emmanuel7788,

I am a fan of "simple trading systems" and spent a lot of time reading this thread as I am sure it's profitable system, however, the quoting post in a different thread "Here" has stopped me to ask. Please allow me to ask you especially with a thread in 87,073 posts if the advance version of this method available or not?

Because if Stochastics and 5EMA removed, absolutely that will make a huge difference

I am waiting for your advice sir

Regards,
  • #87,075
  • Edited 6:57am May 2, 2018 1:14am | Edited 6:57am
Edit.

EURUSD H1 trade taken at Frankfurt Open hour.

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Strictly what Big E Trading Made Simple could be interpreted by some people.

why that H1 trade should be avoided,

Post#647

- check short term trend and long term trend
- price in consolidation zone
- reversal HA candles were small

Post #1
- trade H1 only the first 3 hours of NY session,
- other times, trade H4

Others:
wrong trading chart template.
1) did not use the TDI Red Green in Post#25
2) did not use the APB/HA candles.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,076
  • May 2, 2018 1:22am May 2, 2018 1:22am
EURUSD Week 18 May 02 Frankfurt Open hour

H4

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H1

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According to Big E Post#1, he only traded H1 during the first 3 hours of the NY session. At this hour, he would trade H4. But look at H4 chart above, price is in CONSOLIDATION seen using the Master Candle[3].

And if you look at your Daily and Weekly charts, the longer term trends are Down.
If you trade H4, your follow the Daily and Weekly trends.
If you trade H1, you can trade counter trend but make sure to look at Price Action and Support/Resistance and there is enough room for a good Risk:Reward trade.
But the higher probability trade should follow the H4 and Daily.

yesterday's Close and Low are the nearest support where price is now.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 18 May 02 D chart FO.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,077
  • May 2, 2018 1:29am May 2, 2018 1:29am
Now we look at the Weekly chart,

I see support below where current price is this week...

Have you check you calendar for news, data release, any geopolitical event,etc. that can help your selling Euro and buying USD?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 18 May 02 Weekly chart support.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,078
  • May 2, 2018 1:30am May 2, 2018 1:30am
Quoting emmanuel7788
deleted post ... 8 minutes ago {image}
When someone deletes THEIR OWN post, for whatever reason, you do NOT have the right to screenshot and repost their post. Just who the hell do you think you are, you nasty little man?

Clean up report sent
Doing what you like is Freedom. Liking what you do is Happiness.
  • #87,079
  • May 2, 2018 1:41am May 2, 2018 1:41am
Quoting realjumper
{quote} When someone deletes THEIR OWN post, for whatever reason, you do NOT have the right to screenshot and repost their post. Just who the hell do you think you are, you nasty little man? Clean up report sent
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,080
  • May 2, 2018 1:49am May 2, 2018 1:49am
Quoting Mohanned
{quote} Dear emmanuel7788, I am a fan of "simple trading systems" and spent a lot of time reading this thread as I am sure it's profitable system, however, the quoting post in a different thread "Here" has stopped me to ask. Please allow me to ask you especially with a thread in 87,073 posts if the advance version of this method available or not? Because if Stochastics and 5EMA removed, absolutely that will make a huge difference I am waiting for your advice sir Regards,...
I only hear about that from another member who skype with him.
The OP stopped posting after Oct 2011. He was very ill back then with serious heart problems.
I know he stopped using the 5EMA but left that on his charts posted here.
Hi entry candle is more aggressive than before. He no longer wait for the setup candle to close above/below the 5EMA.
If you look at your H4 charts, there are some candle which you can enter when the HA is active candle#1. But you must look at the real price bar and the price momentum to learn why he enter during HA#1.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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