Trading Made Simple

Quoting JKLee

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{quote} Hi emmanuel, Since you did not reply to my question. I assume you do not have any specific rules for the tp setup. Thanks.

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Quoting emmanuel7788

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USDCAD Week 21 May 24 NY Open Good looking but we have resistance seen to the left. How many times must that resistance be tested till it breaks? [{image}

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Quoting peterid

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{quote} Okay, Thanks

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Quoting emmanuel7788

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{quote} I have read your post but did not have time to explain with examples. I do have very clear rules for both stop loss and take profit when I trade with Multiple Entries Multiple Exits MEME. These rules are important because with clear rules, I only need to focus in the trading tasks and execute the tasks. This way, I don't get distracted by all the noise and chatter around when I have open trades. I will find time later to explain how both your GBPJPY and AUDCAD trades could have be managed using MEME entry and exit rules. However, if you...

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Quoting Tekkies

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Only BigE's post's {image}

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Quoting xShape

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I've noticed that TDI can slightly repaint if you refresh the chart. So, when you are taking positions are you refreshing the chart at the beginning of the candle or not? Also, as far as i know, Big E stated that he would turn off his computer & reopen it to check the setups, pratically that means his charts were refreshing automatically everytime he turned on metatrader on anyway.

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Quoting emmanuel7788

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{quote} USDCAD Week 21 May 25 Tokyo Well, we seen how that resistance held on to any move up. But the 'set-up' is closer and closer to that 1.2900 level and we need more buyers support to push through that psych level and close above. If it does, then we will see a green weekly candle close today. But ... WAIT...! I can already 'predict' the market type for next week' trading or no-trading. Some things one can 'predict' ahead. {image}

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Quoting emmanuel7788

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It's weekend time, priority is to spend time with family and loved ones first. Also remember your commitment to trading. Look at this USDCAD H4 chart below. It has the 5EMA,Typical Price,Shift+3, and also the PAC 5SMMA. You can use one or the other but you can have both these on your chart while you trade. Look at the price action of the Price BAR and the HA candles. Review you trade entry and exit rules. Write these down clearly, - your rules for entry, - your rules for the first exit i.e. you initial stop loss SL, - your rules for second exit,...

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Quoting Tekkies

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{quote} Only BigE's post's Reason for not closing order's at loss - Long term trend / short term trend - Support / Resitance Add sell order's after spike on cross over and rebound's {image} edit: end {image}

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Quoting heispark

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{quote} Nice trade but I am afraid to say you are not following OP Eric's strategy even though you insist you are. He had an obvious SL location which is mostly swing high/low. Actually, your recent trades remind me of pivot traders out there.... Have safe trade. cheers,

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Quoting eelfranz

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... Am I in an uptrend or downtrend.. short & long term... Am I in or close to a consolidation area Are the previous candles small...... Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it... If you don't already know these things... don't trade live yet... www.babypips.com is a good place to learn about the basics of trading 4X.

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Quoting heispark

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{quote} Nice trade but I am afraid to say you are not following OP Eric's strategy even though you insist you are. He had an obvious SL location which is mostly swing high/low. Actually, your recent trades remind me of pivot traders out there.... Have safe trade. cheers,

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Quoting eelfranz

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Is that possible? Yes. Years ago when I retired I was looking for something to do. I attended a free local presentation about trading FX. My mind said "We can do that and make money too... from the recliner"... so the torture began as happens to all newbies... I bought one sure fire program for $2,300... saving $1,700 off the normal $4,000 price. Man... I'm on my way I thought. It was so difficult to understand and trade that I never made a dime... in fact I lost most of the time. When I called the companyit was all Greek to me... I thought a lot...

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Quoting michaellobry

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{quote} Good morning EelFranz, I just came upon your nice thread. I'm also using the TDI indicator. In your first post you said you bought a surefire system. Is it possible I can get my hands on it?

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Quoting Tekkies

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{quote} Depends on how you understand this post#53 (underline red) Tru... I hate S/l trading. The safest way is to place your S/L at the last hi or low a couple of candles back... I've never had one taken out that way...

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Quoting WindFreeze10

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The owner of this thread has passed away, dude. Dont think there's ever a surefire system anyway. Have a good weekend. {quote}

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