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Trading Made Simple

  • #87,301
  • May 16, 2018 5:17pm May 16, 2018 5:17pm
Quoting emmanuel7788
EURGBP May 16 London Open M15 Counter trend trades are riskier... {image} also USDJPY {image}
EURGBP Week 20 May 16 POMO

when trading M15 you need to have the time and follow the market flow and be in sync with its rhythm,

like a sniper, you need to lay in wait for that moment for all conditions to be perfectly right and you pick a good clear shot at the target. One Shot One Kill

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP May 16 BPP.png Size: 76 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,302
  • May 16, 2018 5:38pm May 16, 2018 5:38pm
Trade away for the Day Open


Quoting emmanuel7788
Trade away from the Day Open when the market is trending... USD is strong this week .. and today remains strong {image}
Attached Image (click to enlarge)
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Some of you may recall reading this old post Mar 03,2017 above.

Now see EURGBP M15 chart with the Day candle in its background.
Do you see the Daily Open, High, Low and Close OHLC and its significance as natural support and resistance when there is CONFLUENCE with other perceived support and resistance.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 20 May 17 Day open.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,303
  • May 16, 2018 11:28pm May 16, 2018 11:28pm
I have had my best week of recent, and hit my targets so have stopped trading.

With special thanks to Emmanuel who is helping me find my edge.

I'm doing top down analysis at the weekend, choosing support and resistance on monthly and weekly.
Following the daily trend with multi entry and exit trades spaced at 0.25 ATR(100).
Using an EA to automate trades in my chosen direction.
Using a profit lock and exiting on M5 TDI cross against. Re-entering on M5 TDI Cross into trend.
Using 2 day look-back stop loss or 1.2 ADR(100).
Entering later on a Monday when trend is established.
Exiting typically on a Thursday when most of the weeks move has happened.
Not being greedy by continuing to push for profit after targets are met.
Not emotionally chasing loosing trades.
Closing some loss making positions early (NZDUSD,GPBUSD this week).

Last weeks results and
Attached Image (click to enlarge)
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This weeks results.
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Gives me an 8.2% gain on my Demo 10k account in four weeks. Modest, but still learning and improving.
  • #87,304
  • May 17, 2018 12:02am May 17, 2018 12:02am
Quoting emmanuel7788
{quote} poay attention when you read my post...I did say: "London Open M15 Counter trend trades are riskier..." when you trade very short term like H1 and M15, you can trade both ways, buy and sell in the same day, sometimes even in the same market session when price makes swing high and swing low.
I thought this strategy is about trading H4 or even Daily. AT least thats what Post 1 is introduced about. Or is there something i missed? If you scalp trading for a few pips on lower time frames like M15 or even H1 why donīt you open a new topic for what like that @likicia was doing with "TMS for M30 Charts".

I am completely annoyed by all that different trading approaches based on the Traders Dynamic Index mixed in the topics about about TDI here on FF. Seems like every trader doing it in a different way here, on different time frames with different targets and also different entry setups.

This makes reading through and finding a simple strategy can be followed and repeated a rough task. Its a mess to scroll through a dozens of single posts here to end up with the discovery of that you learned NOTHING
  • #87,305
  • May 17, 2018 12:02am May 17, 2018 12:02am
LO M15

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,306
  • May 17, 2018 12:42am May 17, 2018 12:42am
Quoting emmanuel7788
LO M15 {image} {image}
... seriously?
  • #87,307
  • May 17, 2018 1:03am May 17, 2018 1:03am
Quoting lddd
{quote} ... seriously?
I only showed 2 M15 charts, nothing said ... and you asked 'seriously', why?

Did you check the dominant trend and the D1 charts?

Well I am trading the H4 its 4H short swing and also the D1 chart timeframes.
I use M15 for manual multiple entries and the best entries are during the London session following the established dominant trend and setups.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,308
  • May 17, 2018 1:08am May 17, 2018 1:08am
Quoting lddd
{quote} I thought this strategy is about trading H4 or even Daily. AT least thats what Post 1 is introduced about. Or is there something i missed? If you scalp trading for a few pips on lower time frames like M15 or even H1 why donīt you open a new topic for what like that @likicia was doing with "TMS for M30 Charts". I am completely annoyed by all that different trading approaches based on the Traders Dynamic Index mixed in the topics about about TDI here on FF. Seems like every trader doing it in a different way here, on different time frames...

Read Post#1 again and learn why Big E hates to trade M15, M15 and M30. Becasue he did not like to monitor each trade from start to finish. Back then he did not have trade managers like THV CaveManager and MPTM.

You only need to read his 463 posts in this thread and learn from him and how he traded with the TDI Red Green.
That is the best short-cut in this thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,309
  • Edited 3:31am May 17, 2018 3:04am | Edited 3:31am
Quoting emmanuel7788
{quote} You only need to read his 463 posts in this thread and learn from him and how he traded with the TDI Red Green. That is the best short-cut in this thread.
You got that one right.

Post 6...........The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...
Attached Image
  • #87,310
  • May 17, 2018 3:47am May 17, 2018 3:47am
I was looking at D1 and then when London session today look for M15 to add-on positions as the price break the previous D1 Close and Low.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 20 May 17 D1 break Low.png Size: 30 KB


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Click to Enlarge Name: EURAUD May 17 M15 w D1.png Size: 59 KB



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Click to Enlarge Name: EURCAd Week 20 May 17 D1 break Low.png Size: 29 KB


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Click to Enlarge Name: EURCAD May 17 M15 w D1.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,311
  • May 17, 2018 4:47am May 17, 2018 4:47am
Quoting Tekkies
{quote} You got that one right. Post 6...........The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce... {image}

You still got your entry and exit wrong.

The best entry is the 2 bars earlier if you know the price action

That red vertical line is where the exit should be when the TDI is flat, hooks back.

The re-entry is when the next H1 bar / candle close. That is when the TDI angle is good 4-6.

There is no TDI bounce seen on your chart.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,312
  • May 17, 2018 4:51am May 17, 2018 4:51am
Many traders still get the different Exit rules wrong.

You must learn to read the TDI conditions and look above for the price action.

Stay in the trade until the TDI cross back in the opposite direction.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post When to Exit.png Size: 204 KB


Post#7612
https://www.forexfactory.com/showthr...42#post4765242
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,313
  • May 17, 2018 5:00am May 17, 2018 5:00am
Quoting emmanuel7788
{quote} Not selling Gold. Will buy more of the metal when the price is better. I don't trade Gold the way I trade forex pairs. I buy Gold as investment. USDJPY still in buy mode. Longer term targets above on Weekly. Buy the dips....in an uptrend. {image}

USDJPY is on target 110.745....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,314
  • May 17, 2018 5:06am May 17, 2018 5:06am
Quoting emmanuel7788
{quote} You still got your entry and exit wrong. The best entry is the 2 bars earlier if you know the price action That red vertical line is where the exit should be when the TDI is flat, hooks back. The re-entry is when the next H1 bar / candle close. That is when the TDI angle is good 4-6. There is no TDI bounce seen on your chart. {image}
If you say so.
  • #87,315
  • May 17, 2018 5:10am May 17, 2018 5:10am
Quoting Tekkies
{quote} If you say so.
I say so because, ...
I want you to trade more like Big E and achieve the same win rate 70% to 80% like he did and make more money to fill a same size wheel barrow...LOL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,316
  • May 17, 2018 5:11am May 17, 2018 5:11am
Quoting emmanuel7788
{quote} Read Post#1 again and learn why Big E hates to trade M15, M15 and M30. Becasue he did not like to monitor each trade from start to finish. Back then he did not have trade managers like THV CaveManager and MPTM. You only need to read his 463 posts in this thread and learn from him and how he traded with the TDI Red Green. That is the best short-cut in this thread.
Thanks for making this clear. I will read through these posts once again.

Well, I have to admit this strategy is not as simple as it might sound. (looking for a TDI green/red cross and let it go. What would you say are the most other important facts to consider besides the TDI cross indication.

I see a lot of traders here looking at different the next higher time frames before making any trade decision. Like for e.g trading the H4 (looking at the daily overall trend direction and whatg else before). This already feels overhelming to me. Is this essentially needed to be profitable with this strategy?

I give you one typical example.

Now lets say i want to trade the european session mo-friday with the beginning of london opening.

What are the typical preparations from A to Z (triggering the BUY or SELL) i have to do here (waking up about 1 hours before LO).

Looking at multiple currency pairs where TDI is about to give a red/green cross i guess? But how to manage all these extra things on time before making my trade decision. Most of the time so far i end up with taking trades which are in market conditions full of noise, a news coming up or just a small retracement but where i am getting stopped out immediately.

Also i am still not sure which time frame would suit best for me here. Trading the H4/Daily i am probably undercapitalized at all for even if those would produce the most trusted signals according. But i donīt want to trade micro lots here with having one trade per week booking a few cents of profit. I think. Thats a waste of life time.

So what do you recommend to do here? Trading the M30 or M15?

And what to aim for on such time frames when it comes to money management. I see most of the trading possibilities where TDI red/green crossed its moving a few pips from LO like (maybe 15-30 pips before it hooks over to the opposide for the first little retracement)

Means following a long term 1:2 risk/reward ratio. I would have to assume taking profit on 90% of the trades around 20-30 pips and setting my stop loss around 5-10 pips. Well, this would kill me right away i guess. How do you do this? Not having any fixed profit targets / stop losses. Watching every trade manually? Using any kind of automatic tool here? If so, can those trade managers be trusted on a real money account in the long run without having to watch every of these lower time frame trades?
  • #87,317
  • May 17, 2018 4:21pm May 17, 2018 4:21pm
Quoting emmanuel7788
{quote} USDJPY May 14, so far nice LO move up. lets see if it can break the previous two weeks high and that 50EMA on Weekly. {image}

USDJPY Week 20 May 18 update:

UJ did break the 2 previous weeks highs and press on upwards.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Wek 20 May 18 BPP update.png Size: 61 KB


Be patient and follow the current trend up but be prepared when the current trend ends. Strong trends usually do not reverse violently unless there is major crisis affect the various markets.

I see some potential reaction between 111.00 and 111.50 zone... some traders may call this "FTZ" or "FTA".

Attached Image (click to enlarge)
Click to Enlarge Name: USJPY Week 20 May 18 D1 view.png Size: 45 KB


It's Friday, so we be cautious with buyers exits and not jump to conlcusion that sellers entering the market now.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,318
  • May 18, 2018 12:47am May 18, 2018 12:47am
Quoting emmanuel7788
Trade away for the Day Open {quote} {image} Some of you may recall reading this old post Mar 03,2017 above. Now see EURGBP M15 chart with the Day candle in its background. Do you see the Daily Open, High, Low and Close OHLC and its significance as natural support and resistance when there is CONFLUENCE with other perceived support and resistance. {image}
Attached File(s)
File Type: pdf TAFO Strategy.pdf   97 KB | 664 downloads


Check if this help's.
It's in fear when people show what they truly value.
  • #87,319
  • May 18, 2018 2:56am May 18, 2018 2:56am
Quoting emmanuel7788
{quote} I say so because, ... I want you to trade more like Big E and achieve the same win rate 70% to 80% like he did and make more money to fill a same size wheel barrow...LOL.
Not BigE. I am myself.
Attached Image
  • #87,320
  • May 18, 2018 2:27pm May 18, 2018 2:27pm
Hi emmanuel,

I know you do not trade USDCHF but just wondering what you think... Is this a good weekly reversal candle to start sell trade next week? Thank you.

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