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More simple is impossible

  • #9,862
  • May 4, 2018 10:39am May 4, 2018 10:39am
Quoting Forexiteer
Hidden
Bullshit, what you link to is simple and easy a cheap advertising trick.
Risiko birgt immer auch die Chance.
  • #9,863
  • May 10, 2018 6:25am May 10, 2018 6:25am
Quoting J1mm
{quote} Jaquemate I sent you a PM... After all these years you still trade same approach?
Hi mate:
The answer is yes. No need to change.
Regards.
That which you give to others, life will return it in spades
  • #9,864
  • May 10, 2018 7:21am May 10, 2018 7:21am
Quoting KashifNawaz
{quote} Hello Mr. Jaquemate. Thanks for your thread and sharing your simple strategy. I have read many initial pages and also recent pages. Can you please do a favor to all new comers here to update the first post and give some further explanation of your strategy for which you have years of experience now. Like do's and dont's. Entry Exit Rules. I have read recent conversation and arguments about this topic (entry rules) but still if you can give your brief opinion in your first post or here, that will be much appreciated. Thanks
Hi mate, thanks to you.
I think that to win consistently is to do the same thing repeatedly and perfect it over time. It is not looking for a pattern, but an opportunity to enter the market with a low risk. If someone looks for a kind of guide or steps to follow I will say that basically what I do is this:
Ok, the price always does the same thing. Go up or down creating trends. The trend ends when reaches a certain level price and turns around, giving rise to a support or resistance. Once supports and resistances have been established, the price simply goes from one to the other and either it breaks it creating a new level or bounces back to its origin. This is not mathematical science and has its share of randomness, but for me it is clear that large operators fix huge amounts of orders at these levels. The price simply goes from one level to another and sometimes creates new levels. In the middle, and losing your money, are the retail traders.

The first thing I do is look for the supports and resistances in a weekly chart. The longer the time frame, the stronger the level. I mark the lines and renew them every week with the new levels, if there are any.
Then I go to the one hour chart. I feel comfortable with this TF. I can see the daily behavior of the price and the time frame is the same anywhere in the world, but not the four hour, much used.
Knowing what are the supports and resistances, what I have to do now is to identify the trend, to know what support or resistance comes the price and which way it goes. This is not an rocket science, but the moving averages and the daily opening price help me.

Although it is not a rigid rule, when the price is below the daily opening price and the moving averages, it usually continues to fall looking for the following support, but bearing in mind that the movement may be limited by the average of daily pips of each crossing. If the EURUSD has an average of 80 pips a day, it has traveled 75 and there are 60 pips to reach the next level, it is most likely that it will not reach that day, that the next day there will be a setback and finally it will. But as I say this is not mathematical, but it is probable.
Once I have identified the levels, and the trend, you just have to look for a small risk trade using the renko chart.
The renko chart shows me a clearer visualization of the price in the very very short term. I look for an entry with a low risk and that is likely to reach the next level if it is intraday, or a higher level if I seek a higher r: r.

This is all, it seems very basic, very simple, and it is. It is not necessary to look for indicators because they will not change what the price does. The indicators follow the price, they are not anticipated.

But now, the most difficult part of the bussiness…When to exit?... What will be the target?... The target depends on each trader. There are traders who do not have the patience to have a trade open for a week, two or more…, and see how the price turns around and touches their stop loss after it does not reach the level they thought it would touch. This is why there are traders who prefer the daily benefit. For me, the ideal is to find the balance between both. And this, and not the behavior of the price, is the most difficult part of this business, because it depends on the emotional character of each trader, their nerves, their expectations. For me this is what really MARKS the difference between a successful trader and one that is not, and this MUST discover each with hours and hours of charts.
Regards
That which you give to others, life will return it in spades
  • #9,865
  • May 10, 2018 8:19am May 10, 2018 8:19am
Thanks Jaquemate,

excellent advice

Cheers...Des
  • #9,866
  • May 10, 2018 11:34am May 10, 2018 11:34am
That which you give to others, life will return it in spades
  • #9,867
  • May 10, 2018 11:41am May 10, 2018 11:41am
Ok mates: Im trying to upload some charts but its impossible. Sorry. May be in other time.
Regardo.
That which you give to others, life will return it in spades
  • #9,868
  • May 14, 2018 2:49pm May 14, 2018 2:49pm
Quoting tundra
{quote} I found them on Amazon. Thank you. I know what I will be reading this weekend.
PDF of the book here ?

file:///C:/Users/neile/Downloads/Jason%20Alan%20Jankovsky%20-%20Trading%20rules%20that%20work.pdf
every Saint has a past. Every Sinner has a Future
  • #9,869
  • May 15, 2018 12:58am May 15, 2018 12:58am
anyone have a renko that doesn't make mt4 lagg when theres more than 1 renko chart open open ??
  • #9,870
  • May 16, 2018 7:42am May 16, 2018 7:42am
Hi mates:

Everyone ask me how i do to put a trade. Ok i will upload three charts that explain it on a simple way.

Step 1: Find the supports and resistances in a weekly chart. The longer the time frame, the stronger the level. I mark the lines and renew them every week with the new levels.

See how price go from a support to a resistence creating trends.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 72 KB
That which you give to others, life will return it in spades
  • #9,871
  • May 16, 2018 7:47am May 16, 2018 7:47am
Step 2: "Then I go to the one hour chart. I feel comfortable with this TF. I can see the daily behavior of the price and the time frame is the same anywhere in the world, but not the four hour, much used. Knowing what are the supports and resistances, what I have to do now is to identify the trend, to know what support or resistance comes the price and which way it goes. This is not an rocket science, but the moving averages and the daily opening price help me. "
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 77 KB
That which you give to others, life will return it in spades
  • #9,872
  • May 16, 2018 7:48am May 16, 2018 7:48am
Step 3: "Once I have identified the levels, and the trend, you just have to look for a small risk trade using the renko chart.
The renko chart shows me a clearer visualization of the price in the very very short term. I look for an entry with a low risk and that is likely to reach the next level if it is intraday, or a higher level if I seek a higher r: r."
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM2.png Size: 78 KB
That which you give to others, life will return it in spades
  • #9,873
  • May 16, 2018 9:03am May 16, 2018 9:03am
Thanks for your explanation.

How long have you been using this method? (maybe since 2014?)

Have not you changed anything since the first post?

What are the EMA that you use in your charts?

Apologize my english (I speak spanish like you but this is an english forum )

Thanks again.
  • #9,874
  • May 16, 2018 9:43am May 16, 2018 9:43am
Quoting geosevilla
Thanks for your explanation. How long have you been using this method? (maybe since 2014?) Have not you changed anything since the first post? What are the EMA that you use in your charts? Apologize my english (I speak spanish like you but this is an english forum ) Thanks again.
Hi mate:

I'm looking for pairs with a low spread, aroun two or less pips. I currently trade seven pairs and that's enough for me. The moving averages are a reference and I am using 40 EMA and 10 Ema. If price is above both and daily opening price, I only look at buy trades and viceversa.

Today´s examples charts.

At the first chart i don’t see any trade oportunity. Price is between the Mas and there is no clear trend. May be tomorrow.

At the second and third charts there is a trade oportunity i can see. The target is enought for put an intraday trade. Between 30–80 pips with a stop about 20-25.

If yo see charts always tell the same.

Regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 70 KB
Click to Enlarge Name: EURUSDH1.png Size: 56 KB
Click to Enlarge Name: EURUSDM2.png Size: 50 KB
That which you give to others, life will return it in spades
  • #9,875
  • May 16, 2018 10:51am May 16, 2018 10:51am
Hello again and thanks for the quick reply.

I've been in forex for several years but I did not find a system where I feel comfortable.

I'm reading all the thread and I'm enjoying it a lot, so I'm going to start learning it.

I can´t send PM yet, could you send me one please?

Thank you anyway.

I forgot to ask you one more thing, could you please put the template and indicators that you are using right now in your charts?

Thanks again.
  • #9,876
  • May 16, 2018 10:53am May 16, 2018 10:53am
Quoting Jaquemate
{quote} Hi mate: I'm looking for pairs with a low spread, aroun two or less pips. I currently trade seven pairs and that's enough for me. The moving averages are a reference and I am using 40 EMA and 10 Ema. If price is above both and daily opening price, I only look at buy trades and viceversa. Today´s examples charts. At the first chart i don’t see any trade oportunity. Price is between the Mas and there is no clear trend. May be tomorrow. At the second and third charts there is a trade oportunity i can see. The target is enought for put an intraday...
Hi Jaquemate,

can you point me to the indicator you use on your charts which displays the short lines of Day 200 EMA, 1H 10 EMA,... to the right side?

Thank you
  • #9,877
  • May 17, 2018 7:02am May 17, 2018 7:02am
Quoting Jagg
{quote} Hi Jaquemate, can you point me to the indicator you use on your charts which displays the short lines of Day 200 EMA, 1H 10 EMA,... to the right side? Thank you
Ok. here you are the MAs indicator.

For the templates i use one for every pair. This is for AUDUSD H1 with the main Weekly SR lines.

Regards.
Attached File(s)
File Type: ex4 SimpleEMAv2.ex4   16 KB | 620 downloads
File Type: tpl audusd.tpl   32 KB | 545 downloads
That which you give to others, life will return it in spades
  • #9,878
  • May 17, 2018 8:42am May 17, 2018 8:42am
Are you a full trader jaquemate? (just curiosity)

Do you know how I could send you a PM?

Thanks
  • #9,879
  • May 17, 2018 9:43am May 17, 2018 9:43am
Quoting Jaquemate
{quote} Ok. here you are the MAs indicator. For the templates i use one for every pair. This is for AUDUSD H1 with the main Weekly SR lines. Regards. {file} {file}
Why do you use a different template per pair ? One template could work for all currencies, because you only show a number of averages. What makes the difference ?

In the upper right corner is printed : 0.7524
Where does this come from ? it is derived from audusd, but how ?
Also, I would prefer the spread noted as 1.8 pip instead of 18 points
  • #9,880
  • May 17, 2018 11:10am May 17, 2018 11:10am
Quoting Riverstar
{quote} Why do you use a different template per pair ? One template could work for all currencies, because you only show a number of averages. What makes the difference ? In the upper right corner is printed : 0.7524 Where does this come from ? it is derived from audusd, but how ? Also, I would prefer the spread noted as 1.8 pip instead of 18 points
Hi:

For the support and resistance lines. In the weekly chart you can see how I frame them.

And spred is 1.8 no 18.

Regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDWeekly.png Size: 56 KB
Click to Enlarge Name: USDCADWeekly.png Size: 52 KB
That which you give to others, life will return it in spades
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