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Trading Made Simple

  • #96,141
  • Edited 7:29am Jun 2, 2019 7:17am | Edited 7:29am
Trading results May 2019

Just to inspire you all to continue work hard from June onward, my trade results for 2019 Jan to May closed last Friday.
I am in my Year 2 of my 3-years business plan 2018-2020. Could manage only 13.26% which is above my goal of 10% every 20-trading days cycle.
I continue work hard to ensure that I maintain no loss in a period of 36 months / 3 years.

Attached Image


CONSISTENCY is key to developing your WINNING EDGE.

You must have the DISCIPLINE in you as the trader to achieve and maintain your trading CONSISTENCY.

To achieve this result, learn from Big E and trade the Daily and Weekly timeframes. read his posts:

Weekly trade examples
#700
https://www.forexfactory.com/showthr...00#post4582200
#1967
https://www.forexfactory.com/showthr...07#post4605507

Daily trade charts examples
#357
https://www.forexfactory.com/showthr...50#post4577150
#283
https://www.forexfactory.com/showthr...96#post4576096
#4171
https://www.forexfactory.com/showthr...11#post4527311
#3850
https://www.forexfactory.com/showthr...23#post4441523
#3679
https://www.forexfactory.com/showthr...85#post4420885
#3573
https://www.forexfactory.com/showthr...29#post4412229

April results: https://www.forexfactory.com/showthr...0#post12249580
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,142
  • Jun 2, 2019 10:26am Jun 2, 2019 10:26am
Quoting emmanuel7788
{quote} GBPUSD M15 London session closing hour is another dangerous time to trade. And also last Friday was month end, we do not know if there are sellers or buyers at that hour or just traders exiting the market at the moth end. Anyway, you booked one win which is 2R. So if this trade loss is -1R, you are still up 1R for the day... Trading GBPUSD M15, I would also use the Stochastics and check its angle as what Big E said in his Post#41...
Thanks
  • #96,143
  • Jun 2, 2019 11:11am Jun 2, 2019 11:11am
Quoting Tekkies
{quote} Iddd. Had any real intention to better yourself as a trader you would have found such a chart and asked for the reasons why that trade was placed at that time. It is understandable now, why you are still where you were a couple of month's ago.
What about this one?

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  • #96,144
  • Edited 3:29pm Jun 2, 2019 2:04pm | Edited 3:29pm
Quoting lddd
{quote} What about this one? {image}
You want to look at it that way YES.
-------
Little bit background info.
Now what type of trader are you? Short term / Long term / intraday / scapler / swing............ and a few in between.
All of them will determine how you see the trend on any chart.
The TDI crossover determine when I should trade. Not the long term or short term trend.
Yes, I do look at the trend direction on D1 and feel more at easy if the trade is in the same direction.
-----
The chart you refer to, what do you see at the time of the crossover?
- Both TDI are:
M15 has already crossed over.
H1 is about to cross over.
- Both TDI green angle below 5.
- Both Stoch confirm direction.
- Both TDI's are moving away from the 68 level.
- Both have nice big red bar's.
- Both have long wick's at top of bar (seller's are coming in strong.
- Both are moving out of consolidation.
- Both are breaking out of the long term trend and both are going into a short trem trend. (might be the start of a new long term trend?)
- Trades are placed (would like to say) beneath resistance. Other traders would say inside a support / resistance zone or above support
- H1 has a double top candle (not sure what it is called)
----
See the pattern: Both confirm each other.
Enough reason's to place a sell order.
----
Do the same with Post 96,121 chart and you will start to understand why that sell order bomb out.
  • #96,145
  • Jun 2, 2019 7:32pm Jun 2, 2019 7:32pm
Quoting lddd
{quote} What about this one? {image}

Hi lddd,

that 2 charts show very limited data and information.

you are right there is rising channel seen but we do not see much information from just 2 days H1 data.

but for very short term trading, it is possible to sell in a rising channel but the risk is higher compared to buy in a rising channel.
the setups are both M15 and H1 can be seen using Price Action bar patterns. That M15 5 bars reversal pattern are classical ones which Big E explained in his old thread and those reversal candles he used are combination of Craig Harris NFF system and Synergy price action.

The H1 BEEB/BEOB price bar patterns will in most cases show very strong bearish momentum. The bearish momentum will show in the Stochastics(8,3,3) with steep slope angle between 4-6. The TDI Red Green(Post#25) will also show similar slope angle. But those using the Pro-TDI settings will not have similar slope angle, they rely on the Price Action as main decision making factor.

Also important is the Exit Strategy. This would determine the long term profitability of the system. Price action exit is better than the TDI exit as the OP Big E had shown examples.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,146
  • Jun 2, 2019 7:39pm Jun 2, 2019 7:39pm
Hi all,
I wanna share some ideas on major pairs and discusss: AU, EU, GU, NU. Only GU, I still sell the rally, and about the others I will wait for monday candle to close.
Many thanks
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  • #96,147
  • Jun 2, 2019 7:43pm Jun 2, 2019 7:43pm
Trading the daily charts in the month of JUNE

Following both the AUD and CAD pairs are top on my watch-list.

AUDUSD
AUDJPY
AUDCAD

EURAUD
EURCAD

GBPAUD
GBPCAD

these kiwi cross pairs must wait and will be bonus when they move,

EURNZD
GBPNZD

the rest of the 8 pairs will be just the usual swing trading following Big E's Post#261 and Post#647

DISCIPLINE will help you achieve CONSISTENCY in your trading performance.
To grow an account, you need to follow a disciplined money management strategy.
If you are consistent in picking the best setups but have problem to grow an account, then you must examine your exit strategy and also need to work on your money management strategy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,148
  • Jun 2, 2019 7:53pm Jun 2, 2019 7:53pm
Quoting hikaru259
Hi all, I wanna share some ideas on major pairs and discusss: AU, EU, GU, NU. Only GU, I still sell the rally, and about the others I will wait for monday candle to close. Many thanks {image} {image} {image} {image}

I just open buy long swing EURUSD and NZDUSD this new week open.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,149
  • Jun 2, 2019 8:03pm Jun 2, 2019 8:03pm
DE30 Jun 03 new week open and there is price GAP.

Be warn of 'floating man' and TDI signals you see on charts. DE30 is well known for price gaps in low timeframes.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Jun03 NY open GAP.png Size: 228 KB


80% of gaps do get filled.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,150
  • Jun 2, 2019 8:12pm Jun 2, 2019 8:12pm
Key data releases for this Week 23 Jun 03 to 09

Caution for short term intraday and 4H swing traders.

Medium and Long term swing traders follow the Weekly trend/market type conditions and follow its volatility to stay from orders filling zones.
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,151
  • Jun 2, 2019 8:39pm Jun 2, 2019 8:39pm
GBPUSD Jun 03 M15 breakout setup ... Tokyo hour

Not the ideal time to trade this pair during Asian/Tokyo session but there is price action. Both Stochastics and RSI price lines above OB levels....its M15, but look at the H4 high-low.

But if the Tokyo channel is >40pips, we have more trade opportunities following the OP' old thread GBPUSD M15
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Jun 03 M15 breakout 03-06-2019 09-35-49.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,152
  • Jun 2, 2019 9:31pm Jun 2, 2019 9:31pm
GBPUSD Jun 03 M15 Tokyo session

the last M15 was a sell alert (sub-window 3) but the H4 momentum still bullish... and PA is around its RN 1.2650.

study the TDI versions comparison in sub-window 2.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Jun 03 M15 Tokyo session TDI Alert.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,153
  • Jun 2, 2019 10:04pm Jun 2, 2019 10:04pm
Quoting emmanuel7788
Trading results May 2019 Just to inspire you all to continue work hard from June onward, my trade results for 2019 Jan to May closed last Friday. I am in my Year 2 of my 3-years business plan 2018-2020. Could manage only 13.26% which is above my goal of 10% every 20-trading days cycle. I continue work hard to ensure that I maintain no loss in a period of 36 months / 3 years. {image} CONSISTENCY is key to developing your WINNING EDGE. You must have the DISCIPLINE in you as the trader to achieve and maintain your trading CONSISTENCY. To achieve this...
Hi Emmanuel,
Could you please share with me some statistic of May 2019 like this:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 77 KB

Thank you so much
  • #96,154
  • Jun 2, 2019 11:27pm Jun 2, 2019 11:27pm
Quoting emmanuel7788
{quote} I just open buy long swing EURUSD and NZDUSD this new week open.
Hi Emmanuel.
What about AUDUSD, can you share me the reason why you don't open buy orders for this pairs?
Thank you
  • #96,155
  • Jun 3, 2019 1:53am Jun 3, 2019 1:53am
Quoting hikaru259
{quote} Hi Emmanuel. What about AUDUSD, can you share me the reason why you don't open buy orders for this pairs? Thank you
AUDUSD Week 23 Jun 03 to 07.

it is because I have open positions from last week and I closed them today (Insurance model money) and will re-open a new basket (buy) keep this buy direction until after the RBA rate announcement this week, can be our Lotto model win this week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,156
  • Jun 3, 2019 5:05am Jun 3, 2019 5:05am
GBPUSD Jun 03 M15

With Tokyo channel less than 40 pips,

Price Action Setups using 50 and 200 EMAs for M15 scalpers

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,157
  • Jun 3, 2019 5:19am Jun 3, 2019 5:19am
Do you believe the 10EMA on D1 can be 800EMA on M15?

Those traders in the M15 thread are true believers in the Power of the 10EMA.
https://www.forexfactory.com/showthread.php?t=345586

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,158
  • Jun 3, 2019 5:25am Jun 3, 2019 5:25am
Quoting emmanuel7788
DE30 Jun 03 new week open and there is price GAP. Be warn of 'floating man' and TDI signals you see on charts. DE30 is well known for price gaps in low timeframes. {image} 80% of gaps do get filled.
Attached Image (click to enlarge)
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DE30 Jun 03 H4

with H4 closing in 37 minutes, we may have a setup to buy. The gap has been filled.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,159
  • Jun 3, 2019 5:54am Jun 3, 2019 5:54am
Hi All,
I wanna discuss about "change of trend", I think it's a good topic because now almost pairs have potential trend changing. So it's good for us to know and filter trades with H4 TDI signal following new trend on daily/weekly timeframe
I often use H4 timeframe with swing high and swing low to determine trend. And if the market can not create a new low/high, I will be careful. And if in an uptrend the last swing low get broken and the market create a lower high, it is confirmed uptrend was ended and downtrend is forming.
Attachment is an example of EURAUD to support my idea. What do you think? I hope to see your comments and feedbacks.
Thank you very much
Attached Image(s) (click to enlarge)
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  • #96,160
  • Jun 3, 2019 6:03am Jun 3, 2019 6:03am
Quoting emmanuel7788
{quote} {image} DE30 Jun 03 H4 with H4 closing in 37 minutes, we may have a setup to buy. The gap has been filled. {image}

DE30 Jun 03 new H1 and H4 candles open... LO+4h

H1 TDI hook back due to price pull back

H4 TDI slope still good but the upper wick may be concern for some traders.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Jun 03 H1 H4 1900 03-06-2019 18-59-28.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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