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Trading Made Simple

  • #93,741
  • Jan 30, 2019 3:20am Jan 30, 2019 3:20am
Quoting lddd
What to do if my plans were to go short on GBP/USD here? Enter on the open of the Daily Candle at 00:00 ? {image}
Are you trolling again?
If you are good at something, never do it for free--Joker
  • #93,742
  • Jan 30, 2019 3:58am Jan 30, 2019 3:58am
To emmanuel7788,

Hello, how to do MEME on H4? If H4 is my entry timeframe.

Thanks.
  • #93,743
  • Jan 30, 2019 7:33am Jan 30, 2019 7:33am
Breaking: Nothing is moving again in the Forex World! The bulls and the bears fighting in a tight range trying to make ground for 5 Pips before direction changes again.

I am selling the CAD...

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #93,744
  • Jan 30, 2019 2:38pm Jan 30, 2019 2:38pm
Quoting lddd
Breaking: Nothing is moving again in the Forex World! The bulls and the bears fighting in a tight range trying to make ground for 5 Pips before direction changes again. I am selling the CAD... {image} {image}

its month end shadow trading and also FOMC
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,745
  • Jan 30, 2019 2:44pm Jan 30, 2019 2:44pm
Quoting DJsignals
To emmanuel7788, Hello, how to do MEME on H4? If H4 is my entry timeframe. Thanks.

if I tell you to read my posts from 2015 till 2017, it will ridiculous and you will probably need to spend 3 to 5 hours every day till end of this year.

I rather do it in realtime, you tell me which currency pairs your trade and post some H4 charts and indicate where you would buy and sell. I will run the trades and show them here.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,746
  • Jan 30, 2019 2:47pm Jan 30, 2019 2:47pm
Quoting Tekkies
{quote} Did you trade that set up Emmanuel?

You were sleeping at that time, right?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,747
  • Jan 30, 2019 3:58pm Jan 30, 2019 3:58pm
DE30 Jan 31

What you do see ?

In 5 mins, all 3 to close and open a new candle.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Jan 30 M15 h1 H4 Sydney 0555.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,748
  • Jan 30, 2019 5:37pm Jan 30, 2019 5:37pm
Quoting nigpig
Emmanuel, what currently is your prefered daily trading method? I have seen you mention position trading on Daily so not sure. Are you using Meme? Or a variant? Sorry so many questions but, do you use TMS or just PA entry with ema5+3? Cheers.

Hi nigpig,

I am working towards my goal for 2020 i.e. to trade long term swing only. Trade long term swings only Daily and Weekly charts. Top down analysis remains the same approach to form my Big Picture of the market. Big Picture Plan will show the MN swing levels and the market type conditions. market volatility is an important aspect when trading long term swings.

I have cut down trading the 4H swings which usually last 2 to 4 days in the same week. Some 4H swing trades can be converted to long term swing when there are breakouts and with profits locked.

Still must use Multiple Entries / Multiple Exits because I trade and manage using the average price.

Since beginning 2018, I dropped the TDI from all trade decisions and automation. I retain the Average Price Bar/HA and the 5EMA Typical Price,Shift+3. Also checking with the PAC 5SMMA and the 10/50/200EMA on other templates to look for information.

The basic model of MEME remains the same. Some of us have developed and tested new money management MM models and run live since 2018.
Basic MEME model still use the same ADR-100 days for order distance.
The number of positions per basket remains at 5 positions / basket at 0.5ADR pips distance.
New variant is to increase the number of positions in one basket to 9, 12 and 15 depended on MM risk amount. This also have the variant options to use positions sizing in the add-on positions in the same basket MM permitting.
The dynamic cut-loss remains the same.
We also introduced a variations to average up positions when in trending moves. This is the new 'blade' variant added to the MM strategy.

The variants are to keep up with changing market type conditions when do our trade plan every week and also when we are caught in changing condition for example when a trend ended and market go sideways ranging. Or it can be that we chose toe trade the wide range sideways market type and then there is s breakout, we will switch to the 'blade' MM model to follow "let profits run" to maximise profit.

This get complicated and only those members who have been trading with MEME the past 3 to 5 years will understand easier.

My suggestion is to start with the basic MEME model and trade one pair for 1 to 2 years and learn that well.
I have 3 live accounts running this basic model single currency pair each - USDJPY, EURUSD and GBPUSD. I can post the results if people are interested.

Hope this help.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,749
  • Jan 30, 2019 5:39pm Jan 30, 2019 5:39pm
Quoting emmanuel7788
DE30 Jan 31 What you do see ? In 5 mins, all 3 to close and open a new candle. {image}
DE30 market re-open a new trading day after a short pause,

was there any price gap?

BEFORE:

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Jan 30 M15 h1 H4 Sydney 0555.png Size: 73 KB


AFTER:

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,750
  • Jan 31, 2019 5:25am Jan 31, 2019 5:25am
Quoting emmanuel7788
{quote} if I tell you to read my posts from 2015 till 2017, it will ridiculous and you will probably need to spend 3 to 5 hours every day till end of this year. I rather do it in realtime, you tell me which currency pairs your trade and post some H4 charts and indicate where you would buy and sell. I will run the trades and show them here.
Hello,

Yes, its take long time to read, so thanks for give me shortcut.

This is my trade lately, it closed with profit 82 pips.

Reason behind my trade is:
1) breakout inside bar pattern.
2) RSI price line above Signal line
3) RSI price line above Market base line
4) RSI price line above 50 level and below 68 level
5) If condition above fulfilled then make buy entry
6) Take profit at 2R
7) Stoploss few pips below inside bar pattern
8) I dont pay attention to Support and Resistance
9) I dont use APB or HA just real candlestick
10) I dont pay attention to any news
11) I trade 7 major pair

At sample trade below, it use inside bar pattern, but if there outside bar pattern i would do, im only focus on these two kinds of patterns.

Thanks anyways.

Attached Image (click to enlarge)
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  • #93,751
  • Edited 7:51am Jan 31, 2019 6:32am | Edited 7:51am
EUR/USD (closed for 5 Pips...)

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Click to Enlarge Name: eurusd-m15-fxopen-investments-inc.png Size: 33 KB


USD/JPY (lets see...)

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  • #93,752
  • Jan 31, 2019 2:40pm Jan 31, 2019 2:40pm
Hello,

I wish this message reaches emmanuel7788

emmanuel7788 are you so kind to share the indicator that I see in your Post 93,749 in the right upper corner the screenshot of your charts?
You have some indicator that is showing what template you are using on that chart.

https://www.forexfactory.com/attachm...8&d=1548885462

Thank you.
  • #93,753
  • Jan 31, 2019 5:33pm Jan 31, 2019 5:33pm
Quoting emmanuel7788
{quote} DE30 market re-open a new trading day after a short pause, was there any price gap? BEFORE: {image} AFTER: {image}

DE30 Feb 01

after yesterday's 'wild' swing and big H4 candle,

how do you take a M15 H1 trade?

it is so important when we are trying manually - TIMING your entry when there is synergy in the reversal candles.

remember the basic rules of TMS Post#261

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Feb 01 M15 H1 timing 0730.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,754
  • Jan 31, 2019 5:36pm Jan 31, 2019 5:36pm
Quoting mihailiviu
Hello, I wish this message reaches emmanuel7788 emmanuel7788 are you so kind to share the indicator that I see in your Post 93,749 in the right upper corner the screenshot of your charts? You have some indicator that is showing what template you are using on that chart. https://www.forexfactory.com/attachm...8&d=1548885462 Thank you.

that is an expert advisor EA which will take screen shots automatically..

it does not print the template in use.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,755
  • Jan 31, 2019 5:41pm Jan 31, 2019 5:41pm
Quoting lddd
EUR/USD (closed for 5 Pips...) {image} USD/JPY (lets see...) {image} {image}

EURUSD Jan 31 M15

when you scalp M15,.. especially when you trade counter-trend and trading against the H4 and D,

the Stochastic signal and TDI signal must agree, usually within the first 3 bars of a reversal.
remember the 5 bars swing high/ swing low used by CHS traders. Big E followed the same but he has other 'tricks' up his sleeve. Read his old thread.

if you want a filter for 'false' TDI crosses, then use the Stochastics as one of your signal conditions.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jan 31 M15 CHS 5Method.png Size: 30 KB


if you had followed up trading M15,

there were other price action setup opportunities later, in the direction of H4.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jan 31 NY follow-up M15.png Size: 36 KB


trading very short term mean you have to trade often and with wins and losses.
you need high win rate.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,756
  • Jan 31, 2019 6:03pm Jan 31, 2019 6:03pm
Quoting DJsignals
{quote} Hello, Yes, its take long time to read, so thanks for give me shortcut. This is my trade lately, it closed with profit 82 pips. Reason behind my trade is: 1) breakout inside bar pattern. 2) RSI price line above Signal line 3) RSI price line above Market base line 4) RSI price line above 50 level and below 68 level 5) If condition above fulfilled then make buy entry 6) Take profit at 2R 7) Stoploss few pips below inside bar pattern 8) I dont pay attention to Support and Resistance 9) I dont use APB or HA just real candlestick 10) I dont pay...

do you know one of Big E's discretionary rule, enter buy when TDI cross up and exit when the same TDI cross down?

this is how my AUDUSD Jan 2019 Weekly chart trades, shown here below in H4. Using basic TMS MEME.


Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Jan trades closed.png Size: 55 KB


Weekly chart below, same trade entries and exits.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Jan trades closed Weekly.png Size: 18 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,757
  • Jan 31, 2019 8:20pm Jan 31, 2019 8:20pm
Quoting emmanuel7788
{quote} do you know one of Big E's discretionary rule, enter buy when TDI cross up and exit when the same TDI cross down? this is how my AUDUSD Jan 2019 Weekly chart trades, shown here below in H4. Using basic TMS MEME. {image} Weekly chart below, same trade entries and exits. {image}
Hello,

Yes i know that rule.
At your picture, its pure only TDI cross up for buy W1 and vice versa? Or with MBL and 50 level in additional?

1) So your MEME entry base on TDI cross on W1?
2) Is that W1 entry TDI cross up in open candle condition? I saw one candle W1 before first entry is TDI Green under Red.
3) You doing martingale after first trade floating around 20 pips?
4) Is your profit target in pips or money?
5) Your final exit is when W1 TDI cross down?
6) How about performance this rules on last 2 years? Can you run this test for me? Please.
7) What is your stoploss? Is base on money?

Thanks anyways.
  • #93,758
  • Jan 31, 2019 8:46pm Jan 31, 2019 8:46pm
audusd entry .7255 tp .7215. sl: 7275
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 13 KB


audnzd

Attached Image (click to enlarge)
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  • #93,759
  • Jan 31, 2019 11:41pm Jan 31, 2019 11:41pm
Quoting DJsignals
{quote} Hello, Yes i know that rule. At your picture, its pure only TDI cross up for buy W1 and vice versa? Or with MBL and 50 level in additional? 1) So your MEME entry base on TDI cross on W1? 2) Is that W1 entry TDI cross up in open candle condition? I saw one candle W1 before first entry is TDI Green under Red. 3) You doing martingale after first trade floating around 20 pips? 4) Is your profit target in pips or money? 5) Your final exit is when W1 TDI cross down? 6) How about performance this rules on last 2 years? Can you run this test for...

I know MEME sounds like lots of fun. But you must first understand the concept and work that out on paper to see its effectiveness when trading these two Market Types - trending market type and wide range sideways market type. Do Not trade in narrow range sideways market type.

Anyone wanting to learn to trade with Multiple Entries and Multiple Exits MEME must read the following"

About Trade Entries and Exits
Post#17,516

Some old posts to read first and get a basic foundation:

Entry and Exits: Post#24,918 Post#18,422
How to Build a Position: Post#19,588
Multiple Entries / Multiple Exits for Day chart trading: Post#58,726

For those bookworms who love to read, here is the book where the ME/ME was written.
It's in Chapter 11 " How to Trade Like a Hegde Fund Manager"
Day Trading and Swing Trading the Currency Market.. click to download

@DJsignals,

I will reply your questions later. But first read the above.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,760
  • Feb 1, 2019 12:08am Feb 1, 2019 12:08am
DE30 Feb 01 Frankfurt Open

Interesting last 3 H4 periods as we see H4 Lower Highs Lower Lows,

Sell bias but beware of those large price swings like those we saw previous days.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Feb 01 M15 H1 H4 FO 1400.png Size: 77 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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