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Trading Made Simple

  • #87,141
  • Edited 10:50am May 4, 2018 4:04am | Edited 10:50am
Trade away from the Weekly Open:

EURJPY Week 18 ... may hit the Average Weekly Range which is from the current week high... circa 236 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Week 18 May 04 update Trade away from Weekly Open.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,142
  • May 4, 2018 5:03am May 4, 2018 5:03am
Quoting emmanuel7788
Follow simple rule: Exit when the TDI Green hook back ... No need to worry about stop hunt and what those gray areas are... {image}

I think this method can work best for the longer timeframes [H4 + etc]

I am not so sure I could make it work on m30 as price frequently will cross the other way on TDI if trading in a similar style to likica
  • #87,143
  • May 4, 2018 5:05am May 4, 2018 5:05am
Quoting emmanuel7788
Trade away for the Weekly Open: EURJPY Week 18 ... may hit the Average Weekly Range which is from the current week high... circa 236 pips {image}


I cashed out my D1 trade on that pair yesterday for 2x risk..
  • #87,144
  • May 4, 2018 6:36am May 4, 2018 6:36am
Quoting Tekkies
{image} Some stop-loss hunting? {image}
Done for the week. Trailer must get some more pips.
Attached Image
  • #87,145
  • May 4, 2018 10:32am May 4, 2018 10:32am
TDI Red Green (Post#25)

Some thing which you must know.

Before:

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 18 TDI Red Green before refresh.png Size: 50 KB


After:

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 18 TDI Red Green after refresh.png Size: 45 KB


When you do your weekend back-testing by scrolling back your charts, you will see the second chart above.
If you study the OP training charts, they are all refreshed charts.
Hope you know the significance that has on your trading in realtime live market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,146
  • May 4, 2018 10:39am May 4, 2018 10:39am
Quoting kain775
{quote} I cashed out my D1 trade on that pair yesterday for 2x risk..
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Week 18 May 04 update Trade away from Weekly Open.png Size: 73 KB


The full swing for this week is now 265 pips from the high of the week to the current low just after NFP. All we target each week is first 40% then the 60%. of the weekly swing.

the last swing from the high at 132.00 is 222 pips full extend.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Week 18 swing in pips.png Size: 71 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,147
  • May 4, 2018 10:43am May 4, 2018 10:43am
Quoting kain775
{quote} I think this method can work best for the longer timeframes [H4 + etc] I am not so sure I could make it work on m30 as price frequently will cross the other way on TDI if trading in a similar style to likica

The 5-Method works in all timeframes because it is trading the price swings. You need to be good at picking the reversals like the OP did.

What makes the difference in results is your Money Management strategy and your Entry and Exit strategy which determine how you manage your trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,148
  • May 4, 2018 11:24am May 4, 2018 11:24am
Quoting emmanuel7788
{quote} {image} The full swing for this week is now 265 pips from the high of the week to the current low just after NFP. All we target each week is first 40% then the 60%. of the weekly swing. the last swing from the high at 132.00 is 222 pips full extend. {image}
Hi emmanuel,
Would you mind sharing your Ave Weekly Range indicator? Thanks.
FOR THE HORDE
  • #87,149
  • May 4, 2018 11:44am May 4, 2018 11:44am
Quoting nigpig
I have reached my target for this week and have closed all positions. I will be reflecting on my lost trades when I get time tomorrow. Making a plan at the weekend with a top down approach does seem to be working for me so far. I have a lot to learn but the techniques Emmanuel has shown have really helped. I'm trading the D1 chart using W1 and D1 trend and S/R. I'm continuing to use MEME. I'm closing positions after a large move. Then reentering after a pull back. Most trades have worked. I'm also concentrating on price action as my trigger....
It is advance trading when you use price action for the reversal trade entries.

Do Not discard the TDI. We do not use it for the reversal type entry but there are some features in the full TDI version which we can use to help us seen the market condition. One of the feature is the TDI has 'early warning' signs of impending change in the market condition for example when there is a consolidation after a strong price trend move.

Also when you use semi-auto trade manager for MEME trading, the TDI crosses in the lower timeframe M5 can be use in the following ways:-

1) the TDI M5 cross can be used to initiate the first trade by the trade manager during the retracement after the higher timeframe setup.

2) the TDI M5 cross to signal the add-on entries for average up and averaging down at present price levels.

3) the TDI M5 crosses can also be used to exit trades after a minimum profit lock has been set.

.. lot more other uses of the TDI (RSI-MA) crosses.

basically, the TDI M5 cross is the trigger for many things.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,150
  • May 4, 2018 11:46am May 4, 2018 11:46am
Quoting danc
{quote} Very well picked.. rite on the money
Hi thanks for the like . I just thought I should check you out as since coming back I don't seem to get much response . Regards E
  • #87,151
  • May 4, 2018 12:00pm May 4, 2018 12:00pm
USDJPY Week 18 May04 closing

Market will close soon and it looks now that the current bullish trend has ended with the price action shows it will be range trading next week.

We all have the weekend and time to update your Monthly , Weekly and Daily - Support and Resistance levels /zones.

Do your usual top down analysis and prepare a trade plan for next week and also the following weeks.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 18 closing May 04.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,152
  • May 4, 2018 12:14pm May 4, 2018 12:14pm
Quoting emmanuel7788
GBPUSD Week 18 Apr 30 to May04; This week I continue selling from the previous 2 weeks. Target the gray zone {image} On TMS charts, the target is the Weekly 50EMA. SL is above last week's high and also this is this week's cut-loss in case things go wrong with selling. {image} My trades fro past 2 weeks and today's 3 open positions. {image}

GBPUSD Week 19 May 07 to 11:

My 3rd week of selling GU.

Will still be selling into next week and possible next target is 1.34500 region.
A few MN support below to pay attention to.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 18 closing next week 19 134500.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,153
  • May 4, 2018 6:29pm May 4, 2018 6:29pm
Quoting Tekkies
{quote} Done for the week. Trailer must get some more pips. {image}
Not sure if you canceled your SL of your previous posting, or you reentered at the second last candle in your new picture (TDI shown below). IMHO, your first one is a valid setup according to your strategy (although failed, that's not an issue), but the second one isn't. Anyway, good job...
Attached Image
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #87,154
  • May 4, 2018 6:41pm May 4, 2018 6:41pm
How to use the full version of the TDI

In his ealry days trading with the TDI, the OP did mention that when there is strong price momentum the TDI Green breaks out of the blue band.

Here is an example USDJPY H4.
After two weeks of narrow range price trading, the market breaks out of the narrow range .
Note: below chart shows the actual TDI Red Green (post#25) without refreshing.
Attached Image (click to enlarge)
Click to Enlarge Name: TDI Volatility Band for narrow range market breakout.png Size: 99 KB


Week 19 May 07 to 11:
Next week, you look for pairs that have been trading in narrow range and try pick the breakout trade.

One potential is USDCAD. It may happen next week or it can do something else. Only you top down analysis and your Big Picture will help you to be prepared for trading next week and in the follow up weeks.
There are a few other pairs and you need to do the WORK on your weekend homework.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD H4 narrow range market Week 18.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,155
  • May 4, 2018 6:52pm May 4, 2018 6:52pm
Quoting heispark
{quote} Not sure if you canceled your SL of your previous posting, or you reentered at the second last candle in your new picture (TDI shown below). IMHO, your first one is a valid setup according to your strategy (although failed, that's not an issue), but the second one isn't. Anyway, good job... {image}

UGLY TDI ....

when market is choppy...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H1 UGLY TDI.png Size: 71 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,156
  • May 4, 2018 6:55pm May 4, 2018 6:55pm
GBPUSD Week 16 to 18 TDI review:

study the characteristics of the TDI in response to the real price above

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 16 to 18 TDI Volatility Band review.png Size: 64 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,157
  • May 4, 2018 7:06pm May 4, 2018 7:06pm
Trade with the price MOMENTUM

Read and Learn what the OP said about trading with price MOMENTUM,

only 33 posts to read and these will help you trade batter starting from Monday next week.

If you still do not understand , then post a chart and ask. I will still be here and help everyone who post trade related discussions.

Have a fun weekend,

Attached Image (click to enlarge)
Click to Enlarge Name: Big E on trade with MOMENTUM.png Size: 130 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,158
  • May 4, 2018 7:15pm May 4, 2018 7:15pm
Quoting JKLee
{quote} Hi emmanuel, Would you mind sharing your Ave Weekly Range indicator? Thanks.
AVERAGE WEEKLY RANGE (52 weeks)

Hi JKLee,

that AWR indicator is only for history analysis to study how the market traded from its weekly open and where the weekly swing highs and swing lows were using the Average Weekly Range of 52 weeks AWR(52). This is just one of many things we perform when we do our own system development. It is not use in live trading.

For live trading charts, we must keep our trading charts free from all unnecessary objects, lines, etc. which will influence and distract our view of the real price action seeing the Price Bars and the HA canldles.

I will later post to explain a simple way to check the AWR(52) and how to mark on our trading charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,159
  • May 4, 2018 8:41pm May 4, 2018 8:41pm
Quoting emmanuel7788
{quote} AVERAGE WEEKLY RANGE (52 weeks) Hi JKLee, that AWR indicator is only for history analysis to study how the market traded from its weekly open and where the weekly swing highs and swing lows were using the Average Weekly Range of 52 weeks AWR(52). This is just one of many things we perform when we do our own system development. It is not use in live trading. For live trading charts, we must keep our trading charts free from all unnecessary objects, lines, etc. which will influence and distract our view of the real price action seeing the...
Thanks for the advice. Just forget about my early request. I already found it on the forexfactory.com.
Attached File(s)
File Type: ex4 AWR BridgeWater.ex4   11 KB | 465 downloads
FOR THE HORDE
  • #87,160
  • May 5, 2018 11:49pm May 5, 2018 11:49pm
Quoting emmanuel7788
{quote} It is advance trading when you use price action for the reversal trade entries. Do Not discard the TDI. We do not use it for the reversal type entry but there are some features in the full TDI version which we can use to help us seen the market condition. One of the feature is the TDI has 'early warning' signs of impending change in the market condition for example when there is a consolidation after a strong price trend move. Also when you use semi-auto trade manager for MEME trading, the TDI crosses in the lower timeframe M5 can be use...
I have done some back testing and I see what you mean. Thanks for the tip.
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