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Trading Made Simple

  • #95,361
  • Apr 24, 2019 6:20am Apr 24, 2019 6:20am
DE30 Week 17 trades closed Apr 23 and 24.

Good start after the Easter long weekend and when market re-open on yesterday, I place my first buy trade looking at Weekly chart. There was little movement yesterday, so when I manage my trades on H4, I see profits I will take them and re-open new basket.
Just a while ago, I closed 2 trades when H4 candle closed and re-open 2 new positions in a new basket.

Note the weekend gap down yesterday when I open my first positions.

Now I have some profit money to play the rest of this week.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 17 trades closde Apr 23 and 24 24-04-2019 19-03-58.png Size: 90 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,362
  • Apr 24, 2019 10:00am Apr 24, 2019 10:00am
Nice! We are winning!
question what currency is that your always trading de30?

Quoting emmanuel7788
DE30 Week 17 trades closed Apr 23 and 24. Good start after the Easter long weekend and when market re-open on yesterday, I place my first buy trade looking at Weekly chart. There was little movement yesterday, so when I manage my trades on H4, I see profits I will take them and re-open new basket. Just a while ago, I closed 2 trades when H4 candle closed and re-open 2 new positions in a new basket. Note the weekend gap down yesterday when I open my first positions. Now I have some profit money to play the rest of this week. {image}
  • #95,363
  • Apr 24, 2019 10:02am Apr 24, 2019 10:02am
Which indicator is that that shows your TDI angle? How can I read more about that..

Quoting emmanuel7788
DE30 Week 17 trades closed Apr 23 and 24. Good start after the Easter long weekend and when market re-open on yesterday, I place my first buy trade looking at Weekly chart. There was little movement yesterday, so when I manage my trades on H4, I see profits I will take them and re-open new basket. Just a while ago, I closed 2 trades when H4 candle closed and re-open 2 new positions in a new basket. Note the weekend gap down yesterday when I open my first positions. Now I have some profit money to play the rest of this week. {image}
  • #95,364
  • Apr 24, 2019 10:27am Apr 24, 2019 10:27am
its the German stock market mate
ado
  • #95,365
  • Apr 24, 2019 7:12pm Apr 24, 2019 7:12pm
Quoting ade1
its the German stock market mate
Quoting akizama
Nice! We are winning! question what currency is that your always trading de30? {quote}
https://en.wikipedia.org/wiki/Stock_market_index

https://en.wikipedia.org/wiki/DAX
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,366
  • Apr 24, 2019 7:25pm Apr 24, 2019 7:25pm
TDI Green line angle 12-2 and 4-6 depends on what you screen aspect ratio is.

the angle view depends on your screen zoom ratio.

many traders look at their mobile narrow screen, the angle may look nice.

but the price action remains the same when you look at the Price bar / candlestick and the APB/HA candles body size and the high/low.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY TDI angle max zoom 25-04-2019 08-18-43.png Size: 44 KB


Attached Image (click to enlarge)
Click to Enlarge Name: TDI angle zoom_3 25-04-2019 08-19-54.png Size: 69 KB


Attached Image (click to enlarge)
Click to Enlarge Name: TDI angle narrow screen view 25-04-2019 08-21-58.png Size: 29 KB


I know what some of you are thinking when you see the charts above,

and one of the rules in #Post#261 says:
Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.

Good Trading folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,367
  • Apr 24, 2019 7:44pm Apr 24, 2019 7:44pm
Quoting hikaru259
{quote} Thank Emmanuel, I find it difficult to scale in and manage the trade/trailing stoploss on H4. Do you have any idea or advice for me to improve?

Hi,

here is yesterday's trade examples - when and where to add positions... build up a basket of trades.

- follow Weekly trend
- trade once every 4 hours, use your broker's server time and candle,
- plan your trades, build your positions gradually over time... every 4-hours, you first position entry must be a H4 type of entry and follow the Weekly, then next,
if you have time to monitor at the 4-hour, then wait for the H4 candle to close and look for entries using M5 or M15. This is to avoid too many positions in one basket at too close order distance. Use a minimum distance based on ADR-100 days.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Apr 24 H4 with M5 entries 25-04-2019 07-34-11.png Size: 47 KB


Read How to Build a Position: Post#19,588
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,368
  • Apr 24, 2019 8:10pm Apr 24, 2019 8:10pm
Just in case you did not get this message from your brokers,

WARNING: Potentially hazardous market conditions - Japanese golden week

Japan has an extended spring vacation, ‘Golden Week’, from 27th April to 6th May. This will be the longest market closure since the end of World War II, creating potentially hazardous market conditions due to the low liquidity expected across all markets during Asian hours.

Low liquidity, especially during Asian hours, can create extreme flash crashes. Recent examples of these include:

 

  1. 3rd January 2019 - JPY crosses +10%
  2. 7th October 2016 – GBP crosses -10


What does this mean?

There will definitely be low liquidity during Asian market hours. This will mean really slow markets and wider spreads during Asian hours with the potential for extremely fast-moving markets and extreme price moves.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,369
  • Apr 25, 2019 7:11pm Apr 25, 2019 7:11pm
NZDUSD Week 17 Apr 26

I know some traders love to trade the correction seeing the strong pullback on the Daily ... but trend swing traders must WAIT for the bullish reversal. Technically, that can happen between 6590 and 6500

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 17 Apr 26 W1 BPP 26-04-2019 07-58-59.png Size: 34 KB


Which TMS timeframe do you trade?

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 17 Apr 26 pipware charts 26-04-2019 08-00-41.png Size: 71 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,370
  • Apr 25, 2019 7:23pm Apr 25, 2019 7:23pm
Quoting emmanuel7788
TDI Green line angle 12-2 and 4-6 depends on what you screen aspect ratio is. the angle view depends on your screen zoom ratio. many traders look at their mobile narrow screen, the angle may look nice. but the price action remains the same when you look at the Price bar / candlestick and the APB/HA candles body size and the high/low. {image} {image} {image} I know what some of you are thinking when you see the charts above, and one of the rules in #Post#261 says: Stoch's...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY TDI angle max zoom 25-04-2019 08-18-43.png Size: 44 KB


there was no buying yesterday despite the TDI cross up and the Stochastics did not agree.

USDJPY Week 17 Apr 26 ... sell continues

price action is obvious with D1 making lower high lower low and lower Close

lookout for PA at the BRN 111.00 and those 50/200EMAs reaction.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 17 Apr 26 update 26-04-2019 08-16-36.png Size: 56 KB


US advanced GDP today during NY session.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,371
  • Apr 26, 2019 9:49am Apr 26, 2019 9:49am
Hi all,
i took this one on ny session not perfect but seems to be good i hope xD
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 42 KB
  • #95,372
  • Apr 26, 2019 7:07pm Apr 26, 2019 7:07pm
Quoting ladharimoham
Hi all, i took this one on ny session not perfect but seems to be good i hope xD {image}

Hi,

good post and example how to read the price action. ...example of PA and bounce setup.

Quality post that is what we need in this thread for all to learn from.

market made a very strong rally after 3 weeks of short range swings.
strong rally to a new high but fails to make higher highs,
then corrects with small candles, one small pull back and then the big candle ... a Bearish Engulfing Outside Bar BEEB/BEOB which is one of my favourite setup candle which show lots of momentum and the RSI price line will show.

Attached Image (click to enlarge)
Click to Enlarge Name: ladharimoham USDCAD H4 post 27-04-2019 07-52-08.png Size: 190 KB


I got an alert with TMS Monitor but because it is Friday NY session, I would not take a 4H swing trade. Reason is there is no time for a swing of 3 to 8 candles and market will close for the weekend.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor H4 pipware USDCAD 27-04-2019 04-05-00.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,373
  • Apr 26, 2019 7:37pm Apr 26, 2019 7:37pm
Quoting emmanuel7788
NZDUSD Week 17 Apr 26 I know some traders love to trade the correction seeing the strong pullback on the Daily ... but trend swing traders must WAIT for the bullish reversal. Technically, that can happen between 6590 and 6500 {image} Which TMS timeframe do you trade? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 17 Apr 26 pipware charts 26-04-2019 08-00-41.png Size: 71 KB


For those who traded the H4 yesterday, you made your money.... easily 50pips.

Note how the PA stop at the 10EMA on the D1 and the 50EMA on the H4.

Next week, new trade plan ... follow the Weekly***.

*** we have a short Week - 2 trading days till this April MN candle closes, then a new MN starts. Do your update of the MN swing levels and know where support below and target the support.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 17 Apr 26 H4 update 27-04-2019 08-32-04.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,374
  • Apr 26, 2019 7:57pm Apr 26, 2019 7:57pm
Quoting hikaru259
{quote} Thank Emmanuel, I find it difficult to scale in and manage the trade/trailing stoploss on H4. Do you have any idea or advice for me to improve?

Hi hikaru,

When I planned my retirement I wanted to improve my trading years ago and someone recommended I read Big E posts in this thread. It wasn't enough for me just reading his 463 posts in this thread so I did the smart thing and read all his posts in Forex Factory.

This Post#296 was one of the important post which has several takeaways. The main takeaway for me was an advice to do my own system development as he mentioned in his Post#296 and I follow his trading journey in FF all along.

<>
. Develop a trading system that fits you and practice, practice, practice.
<>
Post#296
Quoting eelfranz
Kudz, There are always going to be people who slam using Stochastics or any other indicator. Like you said... you have to learn how to use it like you have to learn how your favorite pair responds in the market place. I have been burned once in a while however, most of the time it was my fault for reading the market incorrectly. Just because you can bring an indicator up on your chart doesn't mean you know how to use it correctly. Learning to trade is a lifetime process. Develop a trading system that[/highlight]...
Your missing piece of the puzzle may be this one single piece,

Attached Image


coming up next, just to inspire you to work even harder from today onward..

...so stay tuned!

Keep It Simple has its limitations.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,375
  • Apr 27, 2019 5:28pm Apr 27, 2019 5:28pm
Quoting emmanuel7788
{quote} {image} For those who traded the H4 yesterday, you made your money.... easily 50pips. Note how the PA stop at the 10EMA on the D1 and the 50EMA on the H4. Next week, new trade plan ... follow the Weekly***. *** we have a short Week - 2 trading days till this April MN candle closes, then a new MN starts. Do your update of the MN swing levels and know where support below and target the support. {image}
Hello Emmanuel,

I was wondering what indicator do you use to show the mini-charts at the bottom of your screen for different timeframes? I'm already familiar with pipware charts but the version I have (v6.2) seems buggy. Thank you.
  • #95,376
  • Apr 27, 2019 11:00pm Apr 27, 2019 11:00pm
Quoting ForexFreak92
{quote} Hello Emmanuel, I was wondering what indicator do you use to show the mini-charts at the bottom of your screen for different timeframes? I'm already familiar with pipware charts but the version I have (v6.2) seems buggy. Thank you.

Hi FF92,

That's the Pipware last version v.70 in this old Post#76,270
the templates are in that post.

notes:

1) you need to input the correct name the TDI version you want to use to display that in the sub-window#.

in this chart below, I have my TDI Red Green(post_25) in the second sub-window.

2) if you want to see the APB/HA candles in another sub-window, you can add another instance of that same indicator and activate the HA candles but make sure you have the APB/HA version and not the traditional HeikenAshi. This will make some difference when we trade the reversal candles.

Have Fun trading the next 10 days with Japan Golden Holidays.
Attached Image (click to enlarge)
Click to Enlarge Name: pipware chart TDI setup.png Size: 114 KB
Attached File(s)
File Type: ex4 pipware-charts.ex4   71 KB | 614 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,377
  • Apr 27, 2019 11:12pm Apr 27, 2019 11:12pm
It's Golden Week 18 trading starting today New York 5PM local time.

Hope to hit one lotto model trade this coming week...

Trade Well and Trade Safe ... always trade with Stop Loss

Attached Image (click to enlarge)
Click to Enlarge Name: Japan Golden Week.png Size: 899 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,378
  • Apr 27, 2019 11:21pm Apr 27, 2019 11:21pm
If you are in the city of Osaka this week, you must visit the famous Osaka Castle.

find the time and walk around the entire area around the castle and also must see it at night.

Attached Image (click to enlarge)
Click to Enlarge Name: Osaka Castle.png Size: 4.2 MB


Attached Image (click to enlarge)
Click to Enlarge Name: Osaka Castle at night.png Size: 2.4 MB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,379
  • Apr 28, 2019 7:02am Apr 28, 2019 7:02am
Quoting bodal
{quote} Hi Emmanuel , thank you to give us the video about the risk management techniques but could you be so kind to advise and direct me toward something written in order to better understand what "lotto" or "insurance" techniques are ? Thanks in advance.

Hi bodal,

starting today is Japan' Golden Week. This is an opportunity if an event like this would create a Lotto Model opportunity.

I'm looking at UJ, AU and EJ... D1 chart long swing trades.

so stay tuned!

Edit: For those who still do not know what the Lotto Model is, go back to this post linked below and watch that video.
https://www.forexfactory.com/showthr...8#post12185338
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,380
  • Apr 28, 2019 7:22am Apr 28, 2019 7:22am
Quoting emmanuel7788
{quote} GBPNZD Apr 17 Update: today it made a big move ~320 pips and tested the high of the Weekly range high, still right here WAITING... the next big move can be my next Lotto model win for the 2nd Quarter 2019. be very patient with this hyper pair and never fear trading this hyper pair using Money Management strategy - %Risk, R-Multiple and Position Sizing. watch carefully the price action and the TDI green,red and yellow lines and the Blue Volatility Band when market breaks out of its narrow range trading. {image} Trade Safe - protect trading...

GBPNZD Week 18 Apr 29 ... WAITING maybe over but ... what is the Market Type conditions?

is the market type condition suitable for TMS MEME trading? we shall see ... when I open sell.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Week 18 D1 waiting still.png Size: 71 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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