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Trading Made Simple

  • #90,401
  • Sep 3, 2018 5:43am Sep 3, 2018 5:43am
It might be the language barrier but you don't get the point I was making that's ok trade as you will. I trade supply/demand above your pay grade no mva needed
  • #90,402
  • Edited 6:05am Sep 3, 2018 5:53am | Edited 6:05am
Quoting Divergence
wow when i posted this:If this statement doesn't tell you he was not an experienced TRADER non will. First he says don't be afraid to trade daily charts then he says this I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses the point i was trying to make is why tell your followers dont be afraid to trade the daily chart. that part you can comprehend right? then why tell them that and then do a backtest thats all i was getting at you guys are following a newbies method and you dont even recognize it...
Quoting Divergence
It might be the language barrier but you don't get the point I was making that's ok trade as you will. I trade supply/demand above your pay grade no mva needed
You judge a man on one post. Brand this method as an newbie method. Your reality is a fantasy world where you think you are the only one that can trade.

Sure any fool can trade above my pay grade. So what. It means nothing. You should open a new thread "Pay Grade" with one rule: Ensure that lot size is above Tekkies pay grade. The market will respect that. You will never every have a losing order again"
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  • #90,403
  • Sep 3, 2018 6:01am Sep 3, 2018 6:01am
Quoting emmanuel7788
{quote} Hi ejiexe, Welcome back to TMS. I know many of us took a detour after LE1 left his thread. About your two trades AUDUSD and USDCAD, Today is US bank holidays so the liquidity maybe in question. I see your AUDUSD entry price is around 0.7212 which is the open of the bar/candle is good. Both H4 trades are against the D1 price action so we may have some risk when we take this as a reversal trade. AUDUSD has the H4 10EMA just above your entry. I know that you know the Power of 10EMA from LE1 thread. H4 is against the D1 and W1. USDCAD price...
Thanks for the comments. It is indeed very helpful. I wanted to keep it simple hence I removed my other MAs and indicator as advice by Big E.
You reminded me of our time at LE1 thread. Thanks
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #90,404
  • Sep 3, 2018 6:02am Sep 3, 2018 6:02am
As usual tekkies has a closed mindset what a shame
  • #90,405
  • Sep 3, 2018 6:14am Sep 3, 2018 6:14am
Quoting Divergence
As usual tekkies has a closed mindset what a shame
At least I don't have a bloated ego.
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  • #90,406
  • Sep 3, 2018 6:19am Sep 3, 2018 6:19am
Nice one tekkies bloated ego and then post a chart very humorous why don't you do a live recording of your trading then maybe people will believe until then nice photo shop
  • #90,407
  • Sep 3, 2018 7:05am Sep 3, 2018 7:05am
Just keep it simple. BE trades 1hr during the day which is my Newyork session.

Though bank holiday in US but the PA looks good. I also like to enter as a scalper and hold as a positional trader
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #90,408
  • Sep 3, 2018 7:09am Sep 3, 2018 7:09am
Quoting ejiexe
{image}{image}
Loss 12 pips on this. I am still watching closely
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #90,409
  • Sep 3, 2018 7:34am Sep 3, 2018 7:34am
Quoting ejiexe
Just keep it simple. BE trades 1hr during the day which is my Newyork session. Though bank holiday in US but the PA looks good. I also like to enter as a scalper and hold as a positional trader {image}
Hi ejiexe, I'm not an expert on TMS but I see this entry is taken at support: thats good. But the candle is very little. I see your entries before it's only AUDUSD that have a candle with good size. As mention before there is bank holiday for USD but there is also soon red news for AUD so maybe the price will not move much before the red news for AUDUSD . That's my 2 cents.

Regards

Paal
  • #90,410
  • Sep 3, 2018 7:39am Sep 3, 2018 7:39am
EU is now in consolidation period so be-careful
Cyb3rX
  • #90,411
  • Sep 3, 2018 7:42am Sep 3, 2018 7:42am
Quoting kirinda
{quote} Hi ejiexe, I'm not an expert on TMS but I see this entry is taken at support: thats good. But the candle is very little. I see your entries before it's only AUDUSD that have a candle with good size. As mention before there is bank holiday for USD but there is also soon red news for AUD so maybe the price will not move much before the red news for AUDUSD . That's my 2 cents. Regards Paal
Sorry, I didn't read this "I also like to enter as a scalper and hold as a positional trader ". If you are a scalper you get fast in and the candle size is probably not that important.
  • #90,412
  • Sep 3, 2018 12:11pm Sep 3, 2018 12:11pm
I feel cheated
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  • #90,413
  • Edited 1:14pm Sep 3, 2018 12:16pm | Edited 1:14pm
Quoting kain775
I feel cheated {image}

You experienced the 'cheating' and that is not a good feeling.
Your hard stop can be seen... use stealth mode or hidden SL.

Edit:
That SL was money you can afford to lose. Your broker knew that so he took your money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,414
  • Sep 3, 2018 12:25pm Sep 3, 2018 12:25pm
it is +7am Auckland and New York will handover to Sydney in about 2 hours.

Big day for AUD today with RBA rate announcement. No change.

Looking to go short AUDUSD and AUDJPY with MEME 0.25ADR Order Distance.

Cut-Loss SL above previous week's high.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 36 Sep03 BPP RBA Sep04.png Size: 42 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week 36 Sep03 BPP RBA Sep04.png Size: 41 KB


Interesting view AUDNZD, MN trapped between 10/50 and W1 also trapped between 10/50.
D1 market type is sideways ranging but to the downside, ...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD Week 36 Sep03 BPP.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,415
  • Sep 3, 2018 12:53pm Sep 3, 2018 12:53pm
Two important posts which I spent a lot of time studying, analysing and forward testing before I move to swing trading on D1 chart timeframe.

Post 283

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Post 302

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Like Big E said, do more research....
Do your own forward testing. It will take months and even years until you find convincing answers before you decide to trade live with your hard earned money.
There are limitations when we run back-testing. You should by now know what are the limitations in different back-testing methods. We can share and discuss what your back-testing and forward testing experiences are and learn from each other. This should be the spirit of this thread moving forward and like the OP said: "Let's build this new thread together."
Big E wanted us to build this TMS thread together... Post#4,432

Have Fun and Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,416
  • Sep 3, 2018 1:04pm Sep 3, 2018 1:04pm
Quoting Cyb3rX.
EU is now in consolidation period so be-careful

With the Sep 03 Day Inside Bar , that is an opportunity for this week's trading.
W1 provides me the market type and range high-low as possible support and resistance.
H4 has the Master Candle range we can pick on to trade... Low Risk Trade Idea.

We all have different view and bias. I look at MN and I believe it will make lower into the lower wick of last MN candle.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 36 Sep 03 BPP Sep 04.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,417
  • Edited 5:08pm Sep 3, 2018 4:48pm | Edited 5:08pm
Quoting emmanuel7788
it is +7am Auckland and New York will handover to Sydney in about 2 hours. Big day for AUD today with RBA rate announcement. No change. Looking to go short AUDUSD and AUDJPY with MEME 0.25ADR Order Distance. Cut-Loss SL above previous week's high. {image} {image} Interesting view AUDNZD, MN trapped between 10/50 and W1 also trapped between 10/50. D1 market type is sideways ranging but to the downside, ... {image}
Hi Emmanuel,

I have done my BPP over the weekend for MEME trading and I concluded that both AU and AJ were good candidate for MEME shorts with "Empty space on the weekly" but I preferred AJ more than AU simply because AU is having an important support at around 0.7162 from where price reversed twice. In fact I am already short AJ after good enough price retrace. But if you look at the UJ weekly, although is sideways trading in its 8th WCC, it is looking more to the upside, hence AU may be more preferable. I won't hesitate going short on shorter time frame on AU SESE if I see a good setup.

Thank for your comments.

Okoso
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  • #90,418
  • Sep 3, 2018 6:16pm Sep 3, 2018 6:16pm
Quoting okoso
{quote} Hi Emmanuel, I have done my BPP over the weekend for MEME trading and I concluded that both AU and AJ were good candidate for MEME shorts with "Empty space on the weekly" but I preferred AJ more than AU simply because AU is having an important support at around 0.7162 from where price reversed twice. In fact I am already short AJ after good enough price retrace. But if you look at the UJ weekly, although is sideways trading in its 8th WCC, it is looking more to the upside, hence AU may be more preferable. I won't hesitate going short on...
Hi okoso,



I took profit with one AJ position and initiated a new basket.
Now waiting for AU to move into my 0.25adr TP region then I do the same.

UJ has a few technical resistance above current price action. That Week 34 WRB High-Low is the range I am looking at for potential breakout. Week 35 did not have a higher Close despite it made a higher high-higher low.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 36 WRB Sep 04.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,419
  • Sep 3, 2018 6:39pm Sep 3, 2018 6:39pm
Quoting emmanuel7788
{quote} Hi okoso, I took profit with one AJ position and initiated a new basket. Now waiting for AU to move into my 0.25adr TP region then I do the same. UJ has a few technical resistance above current price action. That Week 34 WRB High-Low is the range I am looking at for potential breakout. Week 35 did not have a higher Close despite it made a higher high-higher low. {image}
Hi Emmanuel,

Thank for your comments. Can you please clarify why you are having a 0.25ADR? I read in one of your posts that you use 0.25 when trading H4 and 0.5 on D1 and these MEME trades on AJ look to me they are on D1.

Thanks again,

Okoso
  • #90,420
  • Sep 3, 2018 6:51pm Sep 3, 2018 6:51pm
Quoting okoso
{quote} Hi Emmanuel, Thank for your comments. Can you please clarify why you are having a 0.25ADR? I read in one of your posts that you use 0.25 when trading H4 and 0.5 on D1 and these MEME trades on AJ look to me they are on D1. Thanks again, Okoso
Hi okoso,

It is more of a personal preference what you want to use. ...getting more aggressive now...
Since starting this year, I use the same order distance 0.25adr in single basket of trades for all my swing trades on H4 and D1. Just need to make sure the risk is managed properly.

You can continue to use 0.5adr for D1 swing trades and 0.25adr for H4 swing trades. You need to pay attention to the depth of the retracement of the last 'wave' swing. The danger is when the retracement goes far too deep ...>70%.

Always try and relate this pic below onto your realtime charts. Must learn and see those swings in H4 and D1. Use the APb/Ha candle as an aid.



Trade Well.
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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