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Trading Made Simple

  • #95,381
  • Apr 28, 2019 7:50am Apr 28, 2019 7:50am
Quoting emmanuel7788
{quote} 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
Thank you to inform me , L'll stay tune to further developments !
  • #95,382
  • Apr 28, 2019 8:14am Apr 28, 2019 8:14am
Euro Crosses.. EURAUD, EURCAD and EURNZD.

pick the best pair to trade Long Swing from Week 18 Apr 29 till Week 22 May 31 (3~5 weeks) ....

Do Not mistake when I say Long Swing, it is not Buy and Short Swing Trade is not Sell.

Long Swing trades can last several weeks... from 3 to 5 weeks.

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If you have done your MN Big Picture, you will pick the one best pair from the 3 pairs above.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,383
  • Apr 28, 2019 8:24am Apr 28, 2019 8:24am
Quoting emmanuel7788
{quote} DE30 Week 16 trades closed Apr 18. This week no major event so no lotto wins but consistent profits trading once every 4 hours and/or when I have the time to check my trading computer. Not bad weekly cash-flow income this week for short 4 days work-at-home. {image}

DE30 Week 17 trades closed Apr 23 to Apr 26.

Again there was no major event that would have created a lotto win last week. The Weekly trend continued so I trade the usual positions sizing and smaller lots.

Next week, still will follow the Weekly trend but all good things will come to an end therefore managing risk is important. I have 3 open positions with floating losses and will need to manage on Monday if I can close all at breakeven or cut loss not giving back too much of my April month profits.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,384
  • Apr 28, 2019 8:39am Apr 28, 2019 8:39am
DE30 Week 18

If you plan to trade next week,

I would open new position when Monday market open.

using the HA candle, I know the average price bar open and I know the previous 2 weeks Low where I would place my initial Stop Loss which I will use that as my Risk 'R' to calculate my trade position size.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,385
  • Apr 28, 2019 8:59am Apr 28, 2019 8:59am
Off-topic:

Trading consistency is like the teams playing in the English Premier League football.

To stay in the top 5, you must have win, win, win, win, win, win, ... and fewer losses and draws.

Every month, I work hard to have more wins (baskets) and fewer losing baskets and to stay in the top 5%.

Today one of my favourite team Gunners lost and it has been their problem to maintain consistency every season.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,386
  • Apr 28, 2019 11:13am Apr 28, 2019 11:13am
Quoting emmanuel7788
{quote} 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...
Thank Emmanuel, so much learning from you. And I dropped H1-H4 trading, moving to Daily timeframe with top-down approach + candle pattern, maybe entry on H4 (learned from Strart thread) less stress more patience. I'm spending more time to master MEME and try to find best tweak to fit with my emotional control. Let's see the result in next month.
Cheers,
Son Nguyen
  • #95,387
  • Apr 28, 2019 4:36pm Apr 28, 2019 4:36pm
Hey everyone hope everyone is ready for this new week! I began trading live and I can’t say how fortunate I am to have come across this thread. This system is AMAZING. With experience come to realize less is more. You also can not expect to trade live without demoing first and getting a FEEL for the market with this system and following the rules. Sure you will have some losers but nothing compared to the profit gained. I began trading the DAILY and it works for me zero stress level and easy pip gains I can’t even begin to say how crazy it is to gain 1k pips in a matter of 2 days ... I know love forex and this system. Just food for thought and hope success to everyone let’s continue to crush these markets!
  • #95,388
  • Apr 28, 2019 7:31pm Apr 28, 2019 7:31pm
This week is when we have a new Month open mid-week with several countries having their holidays.

We should see some good action when NY opens on Wednesday May 01 right up to NPF on Friday May 03.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,389
  • Apr 28, 2019 7:43pm Apr 28, 2019 7:43pm
Quoting hikaru259
{quote} Thank Emmanuel, so much learning from you. And I dropped H1-H4 trading, moving to Daily timeframe with top-down approach + candle pattern, maybe entry on H4 (learned from Strart thread) less stress more patience. I'm spending more time to master MEME and try to find best tweak to fit with my emotional control. Let's see the result in next month. Cheers, Son Nguyen

Don't learn from me yet.

First most important for you is follow the trading journey of the OP aka Big E and learn everything he learned when he started in 2008. You will learn that he learned from several other threads in FF and also from commercial systems which he subscribed to. Learn from his posts on how he did his own system development. Did he developed TMS as a system that can trade all market conditions?

Do not drop trading H1 so fast. You need to develop your own system to trade intraday.
You also need to develop a system to trade M15.
Basically you need to develop different systems that will enable you to be able to trade in various market type conditions.
Maybe start with swing trading with H4 and D1 tiemframes, this should help you gain more confidence.


<>
Market Types – the first key to Forex system development.
“Expecting the same system to work in all market types is the definition of insanity”

<>
https://www.axitrader.com/au/market-...x-market-types
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,390
  • Apr 28, 2019 9:40pm Apr 28, 2019 9:40pm
Quoting emmanuel7788
Euro Crosses.. EURAUD, EURCAD and EURNZD. pick the best pair to trade Long Swing from Week 18 Apr 29 till Week 22 May 31 (3~5 weeks) .... Do Not mistake when I say Long Swing, it is not Buy and Short Swing Trade is not Sell. Long Swing trades can last several weeks... from 3 to 5 weeks. {image} {image} {image} If you have done your MN Big Picture, you will pick the one best pair from the 3 pairs above.
I think that all of EUR crosses seem to be down but EURNZD is the best option. Because the distance to the next support is ~300 pips. It is enough room for a swing trade.

Thanks,
Son Nguyen
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  • #95,391
  • Apr 29, 2019 3:18am Apr 29, 2019 3:18am
Quoting emmanuel7788
DE30 Week 18 If you plan to trade next week, I would open new position when Monday market open. using the HA candle, I know the average price bar open and I know the previous 2 weeks Low where I would place my initial Stop Loss which I will use that as my Risk 'R' to calculate my trade position size. {image} {image}

DE30 Apr 29 London Open

London Open candle provided the setup ... one of my top 5 favourites Engulfing Bar and Outside Bar,

in this case, it is Bullish Engulfing Bar BUEB / Bullish Outside Bar BUOB combination.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,392
  • Apr 29, 2019 12:07pm Apr 29, 2019 12:07pm
Hi Guys!

What to do with such situations?
I think I did everything theoreticly correct.
I mean I enter on 2 candle after TDI cross, stoch was ok.
but price go down

Best regards
jpack
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  • #95,393
  • Apr 29, 2019 12:15pm Apr 29, 2019 12:15pm
Quoting emmanuel7788
This week is when we have a new Month open mid-week with several countries having their holidays. We should see some good action when NY opens on Wednesday May 01 right up to NPF on Friday May 03. {image}
News affects different currency pairs differently. Is there any resource which tells us which pair will be affected maximally in regards to a particular red news. For instance, for usd red news,it will affect all usd pairs, but there will be one pair showing the biggest fluctuation.Can we find a resource to find that pair. It would help with trading the news. Thank you.
  • #95,394
  • Apr 29, 2019 6:12pm Apr 29, 2019 6:12pm
Quoting csethna
{quote} News affects different currency pairs differently. Is there any resource which tells us which pair will be affected maximally in regards to a particular red news. For instance, for usd red news,it will affect all usd pairs, but there will be one pair showing the biggest fluctuation.Can we find a resource to find that pair. It would help with trading the news. Thank you.

this thread Trading Made Simple is not for news trading. The OP has said this several times in his own usual way.
the OP traded price action where he sees price momentum using the Stochastics (8,3,3) and the RSI price line in the TDI indicator. this works for both reversals and breakouts after a brief pull back or consolidation in an established trend.

what moves the currency market? definitely not any technical oscillators like the Stochasctics and RSI/TDI.

Keep It Simple : Don't trade news. Avoid trading when there is tier 1 type news/data release.
What are tier 1 type news? Read that Monthly Book to read - APRIL 2019
https://www.forexfactory.com/showthr...1#post12183561

if you really want to trade news, there is the 5Min MOMO scalping which you can learn and adapt with basics of TMS 5-Method.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,395
  • Apr 29, 2019 6:15pm Apr 29, 2019 6:15pm
Quoting jpack
Hi Guys! What to do with such situations? I think I did everything theoreticly correct. I mean I enter on 2 candle after TDI cross, stoch was ok. but price go down Best regards jpack {image}

What to do with such situations?

I have a Plan A and a Plan B in all short term trading situations. When Plan A fails, I trade Plan B.

Study you chart, there are many such situations where both the Stochastics and TDI signals produced failed trades.
Note how many of these failed because the market was in consolidation (post#647)

What shall we do when the market is in consolidation? If we really mujst trade, then very simple thing to do is to drop down one time frame and trade in that lower timeframe. In that trade posted, H4 was in a consolidation range... see that big bar/candle to the far left hand side...April 24.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,396
  • Apr 29, 2019 6:21pm Apr 29, 2019 6:21pm
Quoting emmanuel7788
{quote} DE30 Apr 29 London Open London Open candle provided the setup ... one of my top 5 favourites Engulfing Bar and Outside Bar, in this case, it is Bullish Engulfing Bar BUEB / Bullish Outside Bar BUOB combination. {image}
the market was very brutal yesterday with that LO candle....

we were set up by the market....when we were looking for setups to trade.

did anyone got caught in there?


Edit: recall my post above:https://www.forexfactory.com/showthr...5#post12243055

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 18 Week17 close W1 28-04-2019 21-28-28.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,397
  • Apr 29, 2019 8:06pm Apr 29, 2019 8:06pm
Quoting jpack
Hi Guys! What to do with such situations? I think I did everything theoreticly correct. I mean I enter on 2 candle after TDI cross, stoch was ok. but price go down Best regards jpack {image}
both green and red lines from tdi are going down (general picture) . now look at previous cross up of tdi where the red line also points up. nice rally up!!
  • #95,398
  • Edited 1:31am Apr 30, 2019 1:16am | Edited 1:31am
Quoting jpack
Hi Guys! What to do with such situations? I think I did everything theoreticly correct. I mean I enter on 2 candle after TDI cross, stoch was ok. but price go down Best regards jpack {image}
No stoch was not OK
Not part of TMS: When Stoch cross over, almost alwys confirm that trend direction is going to change. You just do not know for how many bars.
Look again:
(Make use of MT4 V-Line)
Attached Image
  • #95,399
  • Apr 30, 2019 2:55am Apr 30, 2019 2:55am
Quoting Tekkies
{quote} No stoch was not OK Not part of TMS: When Stoch cross over, almost alwys confirm that trend direction is going to change. You just do not know for how many bars. Look again: (Make use of MT4 V-Line) {image}

Really?

It is Post#261
https://www.forexfactory.com/showthr...16#post4575616

Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way...

The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good.

HA Candles are important because it makes your trading way less stressful... use them.

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.

5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... practice on Demo... take some chances and see if yor head computer was right... it's free.

HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !

Believe it or not you have to participate and think... until it's so second nature... there is nothing to it... it's so simple... don't complicate it or you will lose...

and Post#647
https://www.forexfactory.com/showthr...40#post4581540

Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average...

With bounce trades the odds are lower for your success... but it still works.

When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area

Are the previous candles small...

Look at the candles on the last reversal... big, little, what

How does the momentum look right now (12-2, 4-6)

Does Stoch's confirm the TDI signal

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


and also Post#1 ... win rate is 70-80%, this means 20-30% will be losing trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,400
  • Apr 30, 2019 3:02am Apr 30, 2019 3:02am
Quoting Tekkies
{quote} No stoch was not OK Not part of TMS: When Stoch cross over, almost alwys confirm that trend direction is going to change. You just do not know for how many bars. Look again: (Make use of MT4 V-Line) {image}

Look again, this time more closely,

when the first blue HA candle closed, both the Stoch and TDI price line show the cross UP.

that first blue HA candle is the reversal candle and a better buy entry would have been the second blue candle. His entry was at the high of the second HA blue candle.

note: a reversal candle will must have both Stoch and TDI same signal.... Post#261.

Big E use the TDI to trade price action reversal with momentum, he also knew the CHS reversal candles with Stochastics which he mentioned in Post#261.


Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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