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Trading Made Simple

  • #88,481
  • Jul 17, 2018 5:46am Jul 17, 2018 5:46am
Quoting emmanuel7788
Nice move up with more Tokyo buyers in the market. New H1 candle opens, and lots of ticks around the RN 112.50, Question some asked: do you wait till price move 1R then move your SL? {image}
Yes!
When you write your own rules, you must have the discipline to follow your own rules.


USDJPY Jul 17 H1 trade update ...

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Jul 17 H1 trade move to BE when TP1.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,482
  • Jul 17, 2018 5:54am Jul 17, 2018 5:54am
Quoting emmanuel7788
Start looking at the EUR and GBP crosses and make trade plans for next week/month. EURAUD, EURCAD and EURNZD GBPAUD, EURCAD and GBPNZD can be our half-year bonus. I take a break now and go watch my big screen World Cup games telecast. Enjoy. Edit: should be GBPAUD, GBPCAD and GBPNZD above ...typo.

EURAUD, EURCAD and EURNZD
GBPAUD, GBPCAD and GBPNZD

It has been weeks

and

I am still watching these EURxxx and GBPxxx for the big moves.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,483
  • Jul 17, 2018 10:59am Jul 17, 2018 10:59am
Quoting emmanuel7788
{quote} Yes! When you write your own rules, you must have the discipline to follow your own rules. USDJPY Jul 17 H1 trade update ... {image}

USDJPY hit ADR High today ...

a 2R trade if you managed that according the R-Multiple rules.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Jul 17 ADR High hit.png Size: 54 KB


still going ... new high for 2018 113.38ish possible in coming weeks.

Quoting emmanuel7788
USDJPY making new high ... caution if your are sellers can make a new high for 2018 113.38ish GBPUSD moves lower, 1.3140 is not far away... while Mr Trump is in the UK.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,484
  • Jul 17, 2018 5:13pm Jul 17, 2018 5:13pm
GBPUSD Jul 18

Should be relatively easy to trade today picking the direction when you use the Power of 10EMA on you charts.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 29 Jul 18 BPP H1.png Size: 71 KB


The Power of 10EMA Post#8,528 by FF member named tango-1

Did Big E use the Power of 10EMA? NO. He had used the 21/233 moving averages before and he knew how to pick the higher timeframe trend/direction.

He did not discourage us in sharing what work for us with other traders. But if you add another indicator in your sub-window in addition to the TDI, he would object strongly.

After Big E passed away in 2012, the 10EMA was used replacing the 5EMA by traders like LE1 and X-Man. It has proven to work very well for those who trade with price action.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,485
  • Jul 17, 2018 5:22pm Jul 17, 2018 5:22pm
USDJPY consolidation after London close.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 29 Jul 17 MC London Close.png Size: 59 KB


and now reaction at BRN 113.00

113.38 is not too far away... and we may see a new year high for 2018.

You will see several resistance above on your Weekly... 113.61 is a major swing.

Some economists believe UJ can hit 115.00 ~ 115.25.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,486
  • Jul 17, 2018 5:23pm Jul 17, 2018 5:23pm
Quoting emmanuel7788
What happened with trading GBPUSD yesterday? Keep It Simple also mean we must apply Post#647 with some common sense and trading logic ... POMO to learn from. when you trade following indicators cross, the market will set you up much more easily than you see and think. {image}
Emm,
What are the Moving Averages you are using on these charts?
Cheers!
Sachu
  • #88,487
  • Jul 17, 2018 5:37pm Jul 17, 2018 5:37pm
Quoting Sachu
{quote} Emm, What are the Moving Averages you are using on these charts? Cheers! Sachu

just one 10EMA on every chart timeframe

10 period, Exponential Moving Average, Close Price, Shift=0.


Keep It Simple: Use what works for you!

Attached Image (click to enlarge)
Click to Enlarge Name: Power of 10EMA.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,488
  • Jul 17, 2018 6:08pm Jul 17, 2018 6:08pm
@Emmanuel, Can you please post indicators for multi time frame that you are using? as below.

https://www.forexfactory.com/attachm...1&d=1531874240
  • #88,489
  • Jul 17, 2018 7:03pm Jul 17, 2018 7:03pm
Quoting smak1111
@Emmanuel, Can you please post indicators for multi time frame that you are using? as below. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot-www.forexfactory.com-2018-07-18-09-01-04-780.png Size: 264 KB
  • #88,490
  • Jul 18, 2018 12:01am Jul 18, 2018 12:01am
Quoting Sachu
{quote} Emm, What are the Moving Averages you are using on these charts? Cheers! Sachu

what about the other moving averages which Big E used as seen on some of his charts?

guess what those moving averages were and how he used them.

can you spot the details?

Attached Image (click to enlarge)
Click to Enlarge Name: Big E training chart moving averages.png Size: 149 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Big E training chart2.png Size: 152 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Big E training chart3.png Size: 172 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,491
  • Jul 18, 2018 12:12am Jul 18, 2018 12:12am
Quoting emmanuel7788
USDJPY consolidation after London close. {image} and now reaction at BRN 113.00 113.38 is not too far away... and we may see a new year high for 2018. You will see several resistance above on your Weekly... 113.61 is a major swing. Some economists believe UJ can hit 115.00 ~ 115.25.
so far, a 3R trade, if your initial ris R is 1%, then you would have made 3% return or have locked 2% and fight on today.

as normally expected when market liquidity is low, we have a consolidation at the BRN 113.00 abd price pulled back a little but broke out ...

let's see if today ADR would be hit and it would mean we have a 5R trade risking only 1 R initial risk to start with.

look at the crappy TDI responding to the price action.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 29 Jul 18 3R trade so far.png Size: 77 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,492
  • Jul 18, 2018 1:35am Jul 18, 2018 1:35am
Quoting Sachu
{quote} Emm, What are the Moving Averages you are using on these charts? Cheers! Sachu
Sachu
Trading Made Simple only used 5EMA. BigE did not use any other MA or EMA in this thread.
Chart's that are posted is from Craig Harris Stochastics Method Post 4,356

When a member post contend that is contradicting to what BigE has posted or use sentence like:
"look at the crappy TDI responding to the price action"

You have to ask yourself: Is that member here to help us new member's to understand Trading Made Simple like BigE used it or does the member as ulterior motif.
  • #88,493
  • Jul 18, 2018 1:50am Jul 18, 2018 1:50am
Now more another example below EURUSD why experienced TMS traders like LE1 and X-Man no longer use the TDI after Big E stopped posting in 2011. With many more years experience trading by looking at simple price action and the use of the Power of 10EMA, many more traders including yours truly , we all can trade without the TDI.

Why do you want to stop learning? It has been more than 7 years since the OP stopped posting in 2011 and he died in 2012. Many of TMS traders have advanced in our trading experience and make it simpler trading with price action and become less dependent on the TDI.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 29 Jul 18 price action below 10EMA.png Size: 105 KB


However, if you are new to this thread and want to start from scratch, my suggestion is go start with this post:
https://www.forexfactory.com/showthr...2#post11259582
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,494
  • Jul 18, 2018 2:07am Jul 18, 2018 2:07am
Here another example of the crappy TDI that prevents you to maximise profits when there is a nice trend seen with the price action.

and also what is that moving average seen on this Big E training chart in this thread.

pay attention to details in every of the OP's post.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E training chart4.png Size: 174 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,495
  • Jul 18, 2018 2:17am Jul 18, 2018 2:17am
Quoting emmanuel7788
Here another example of the crappy TDI that prevents you to maximise profits when there is a nice trend seen with the price action. and also what is that moving average seen on this Big E training chart in this thread. pay attention to details in every of the OP's post. {image}
OK, I am still trying to find my feet in this and have done a lot of reading from post #1 and still have to do a lot of trading. So, I am still a complete noob at this.
Question I have Emmanuel, is whether the crosses you show in the above pic is not where the OP would have called it bounce trades?
My question is a genuine question, trying to learn more. No criticism intended.
  • #88,496
  • Jul 18, 2018 2:22am Jul 18, 2018 2:22am
This happens when you don't pay attention to what is on the Calendar.
Now you can:
- cut the loss, stop trading for the day
- use Zone Recovery
- relay on retrenchment / pull back
There are some more news coming later today during New York trading houres. Market can go back up or more down.
There is also a major support zone (1.302888) that held up in the past.
Attached Image (click to enlarge)
Click to Enlarge Name: same.PNG Size: 31 KB
  • #88,497
  • Jul 18, 2018 2:54am Jul 18, 2018 2:54am
Quoting Tekkies
This happens when you don't pay attention to what is on the Calendar. Now you can: - cut the loss, stop trading for the day - use Zone Recovery - relay on retrenchment / pull back There are some more news coming later today during New York trading houres. Market can go back up or more down. There is also a major support zone (1.302888) that held up in the past. {image}
In my view,

You are buying on bearish trend.
There are negative reversal on my yellow arrow.
And price break support.

For me, there are no reason for buying.
Still no sign of exhausting downtrend.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 31 KB
  • #88,498
  • Jul 18, 2018 2:59am Jul 18, 2018 2:59am
Quoting emmanuel7788
GBPUSD Jul 18 Should be relatively easy to trade today picking the direction when you use the Power of 10EMA on you charts. {image} The Power of 10EMA Post#8,528 by FF member named tango-1 Did Big E use the Power of 10EMA? NO. He had used the 21/233 moving averages before and he knew how to pick the higher timeframe trend/direction. He did not discourage us in sharing what work for us with other traders. But if you add another indicator in your sub-window in addition...

Why I said it would be relatively easy today... its sell only if you want a high probability trade. No stress. Use your trading capital wisely and be like Big E , he knew how to pick only the best trade setups. He never had to use complex stuff like Zone Recovery because he traded with very large risk - 15% to 30% of his $10K account deposit. He close his trades when price move forward and pulls back 15 to 20 pips, that's simple for him because of his knowledge and experience.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 29 Jul 18 BPP M15 trade bias.png Size: 122 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,499
  • Jul 18, 2018 3:02am Jul 18, 2018 3:02am
Quoting Ratel
{quote} OK, I am still trying to find my feet in this and have done a lot of reading from post #1 and still have to do a lot of trading. So, I am still a complete noob at this. Question I have Emmanuel, is whether the crosses you show in the above pic is not where the OP would have called it bounce trades? My question is a genuine question, trying to learn more. No criticism intended.
Ratel
The chart that is posted is a monthly chart of EURUSD.
Now when trading blindly on every crossover TDI make will take any account to margin call very fast.
Yes - four of the red cross are bounce trade's
What not have been mentioned in that post is when you apply post#647 many of the crossover's would not have been taken
Apply Post#647 to that chart. Even better do it on a live chart.
- Untick those two buttons.
Attached Image

- Move EURUSD to the right of chart window until 1 Nov 2000 is at the right side of chart.
- Press F12 to move chart bar by bar to the left.
- When you see a cross over or green goes flat apply Post#647
Look at:
- stoch (Stoch is compress and can not show direction clearly)
- Support / Resistance level
- bar size
- wick length, top or bottom
- when green goes flat it does not mean exit trade. It requires that a member has to reply Post#647, then only exit trade or keep the trade open
- many of the "red cross's" are where APB is still blue
- what level the TDI cross is (32 / 68)
- angle of green
- space between TDI red and green

It is the only way to learn TDI and understand the content of every post by BigE.
post#1 .............................I post a lot of training charts to drive it into your brains what to look for and how easy it can be...........
post#6..............................Important to study TDI entries on old charts, any time frame...
  • #88,500
  • Jul 18, 2018 3:16am Jul 18, 2018 3:16am
Thanks for the help Tekkies.
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