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Trading Made Simple

  • #98,381
  • Oct 16, 2019 5:01am Oct 16, 2019 5:01am
Quoting DrDave
{quote} And that is with Trading Made SIMPLE!
  • #98,382
  • Oct 16, 2019 5:09am Oct 16, 2019 5:09am
DE30 Oct 16 London +3 hours

4 hours since Frankfurt open,

I like what I see now, but better wait till H4 closes and confirm there is a Higher High with Higher Close candle.


Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Oct 16 M15H1 H4 1807 16-10-2019 18-06-36.png Size: 68 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,383
  • Oct 16, 2019 5:17am Oct 16, 2019 5:17am
Quoting neoaus
{quote} Very clever indeed.

he was very hungry to succeed in forex trading. he worked very hard , spent many hours at doing what he loved to do...after he retired.

19 templates -
Post #2935
https://www.forexfactory.com/showthr...05#post4224805

now we know when he said do not add other indicators, you read all his posts in his old thread, those indicators which he tested back then did not suit his aggressive trading style. Stochastics and RSI work best for him. Both are oscillators and show price momentum.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,384
  • Oct 16, 2019 5:25am Oct 16, 2019 5:25am
Quoting emmanuel7788
{quote} he was very hungry to succeed in forex trading. he worked very hard , spent many hours at doing what he loved to do...after he retired. 19 templates - Post #2935 https://www.forexfactory.com/showthr...05#post4224805 now we know when he said do not add other indicators, you read all his posts in his old thread, those indicators which he tested back then did not suit his aggressive trading style. Stochastics and RSI work best for him. Both...
Thanks emm.
  • #98,385
  • Oct 16, 2019 9:12am Oct 16, 2019 9:12am
Quoting emmanuel7788
{quote} now we know when he said do not add other indicators
Then why are you doing it Emmanuel?
How many members have complained over the years and ask you not do introduce other indicators.
Should I ask: Is the "laggard" TDI (post#25) going to be the only TDI used from now on?
  • #98,386
  • Oct 16, 2019 9:54am Oct 16, 2019 9:54am
Quoting emmanuel7788
{quote} {image} GBPAUD Oct 15 M30 H4 UPDATE: well, that M30 candle did close with a slight higher Close above the PAC, not the 'best' but is that goo enough for you to jump in and buy? that you have to decide on your own. below chart update, sorry about the small insert chart of that M30 close. It was the setting of the ScreenShotEA which does the auto screenshot when I am sleeping. {image} right now, I see H4 , D1 and W1 is all BUY only mode. Do we need to continue with this M30 LIVE TRADING today? Let me know, please.
Very nice explanation and annotations.
  • #98,387
  • Oct 16, 2019 10:02am Oct 16, 2019 10:02am
Quoting DrDave
{quote} And that is with Trading Made SIMPLE!
19 templates very very simple
  • #98,388
  • Oct 16, 2019 10:22am Oct 16, 2019 10:22am
I'm giving this thing a chance
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD (2).jpg Size: 1.3 MB
  • #98,389
  • Oct 16, 2019 10:27am Oct 16, 2019 10:27am
Got a question, Is there an indicator that can show me if the daily APB is bullish or bearish on my 30m charts?
  • #98,390
  • Oct 16, 2019 2:16pm Oct 16, 2019 2:16pm
Quoting emmanuel7788
{quote} Double Entry Confirmation ... Big E was a clever trader. ...
Oh yes, of course eelfranz was one of clever traders,
unfortunately his posts were dreadfully watered down here.
trading is war - life is simple
  • #98,391
  • Oct 16, 2019 5:04pm Oct 16, 2019 5:04pm
Quoting sharpiemomo
Got a question, Is there an indicator that can show me if the daily APB is bullish or bearish on my 30m charts?
tell me how do you want to use that Daily APB/HA on M30?

I can make one for you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,392
  • Oct 16, 2019 5:20pm Oct 16, 2019 5:20pm
Quoting Sard
I'm giving this thing a chance {image}
USDCAD

not much happening on H4 so the better idea is to day trade this on H1 and M15.

Weekly is in a range for 5 weeks and may get tighter if this week close with a small candle. As long as Weekly does not make either HL HH with higher Close or LH LL with lower Close, this will remain sideways for sometime longer.

H4 is trading within that Weekly High - Low.... 230 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Weekly Oct 17 17-10-2019 06-11-20.png Size: 25 KB


Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Oct 17 H4 17-10-2019 06-12-41.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,393
  • Oct 16, 2019 5:23pm Oct 16, 2019 5:23pm
Quoting sharpiemomo
{quote} 19 templates very very simple
#2/19

yes, only 2 templates out of his 19 templates worked for him.

which two?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,394
  • Oct 16, 2019 5:34pm Oct 16, 2019 5:34pm
Quoting Tekkies
{quote} Then why are you doing it Emmanuel? How many members have complained over the years and ask you not do introduce other indicators. Should I ask: Is the "laggard" TDI (post#25) going to be the only TDI used from now on?
hey Tekkies

start all over again and you will learn in your future what you do not yet know today.

study all the OP's post in Forex Factory. Pay attention to details what were written in words and even more important is to pay attention to details on the charts he attached. You will learn which are the indicators he tried and tested. There a a long list of standard MT4 indicators, which ones did he test between 2008 and 2011?
Try them yourself and you will learn why those few indicators did not suit his aggressive trading style.
There are lots more indicators which he mentioned and he had not tried nor tested them all.
Have you seen his 19 templates of charts?

Do not concern yourself with my trading. I stick to my use of the common indicators - Stoch and RSI as my core trading methodology. I also use the APB/HA and a few moving averages in my templates.

About using custom indicators like the TDI, my conclusion is still the same:

Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,395
  • Oct 16, 2019 5:35pm Oct 16, 2019 5:35pm
Quoting emmanuel7788
{quote} tell me how do you want to use that Daily APB/HA on M30? I can make one for you.

Hi emmanuel, do you know if a double inside/outside bar indicator exists? I'm after two inside or outside bars in a row, which indicates a possible triangle pattern on a lower time frame.

All I can find are single inside/outside bar indicators.
  • #98,396
  • Oct 16, 2019 5:40pm Oct 16, 2019 5:40pm
Quoting neoaus
{quote} Thanks emm.
don't thank me.

thank eelfranz for sharing his trading journey with us.

his knowledge and experience will help many shorten their learning curve.

I am here making people go back and read some of his posts and to find their own ways.

it is picking up pieces of the 10,000 pieces jigsaw puzzle and try to form a complete picture... and still finding many missing pieces.

Everyone has to work on their own to complete his/her own puzzle.

Attached Image (click to enlarge)
Click to Enlarge Name: puzzles framed.png Size: 537 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,397
  • Edited 5:53pm Oct 16, 2019 5:42pm | Edited 5:53pm
Quoting PipsDearth
{quote} Hi emmanuel, do you know if a double inside/outside bar indicator exists? I'm after two inside or outside bars in a row, which indicates a possible triangle pattern on a lower time frame. All I can find are single inside/outside bar indicators.

Yes, Let me search ..

I remember I did post one years ago ... nr4ib.

get back to you later.

here's two old posts on NR4IB.

https://www.forexfactory.com/showthr...35#post6543835

https://www.forexfactory.com/showthr...57#post6542457

Edit. Found it.

here,
https://www.forexfactory.com/showthr...20#post7802220

Attached Image (click to enlarge)
Click to Enlarge Name: MC and IB.png Size: 143 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,398
  • Oct 16, 2019 6:00pm Oct 16, 2019 6:00pm
example of Inside Bars use:

Big E Post#647 says
"
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
"

I use Inside Bar as one of the definition what small candles are.
Master Candles are consolidation zones.

Attached Image (click to enlarge)
Click to Enlarge Name: MC and D IB.png Size: 131 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,399
  • Oct 16, 2019 6:07pm Oct 16, 2019 6:07pm
while we are talking about small candles ... Inside Bars,

there are others which you can consider to use to interpret what Post#647 said about big candles, small candles, consolidation, etc.

Three Powerful FOREX Price Patterns

https://www.forexfactory.com/showthr...77#post6720177
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,400
  • Oct 16, 2019 6:20pm Oct 16, 2019 6:20pm
Quoting emmanuel7788
{quote} Yes, Let me search .. I remember I did post one years ago ... nr4ib. get back to you later. here's two old posts on NR4IB. https://www.forexfactory.com/showthr...35#post6543835 https://www.forexfactory.com/showthr...57#post6542457 Edit. Found it. here, https://www.forexfactory.com/showthr...20#post7802220 {image}

Thank you Emmanuel, it doesn't appear to show 2 in a row.
But that's fine, I can just check for the second one.
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