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Trading Made Simple

  • #98,401
  • Oct 16, 2019 6:42pm Oct 16, 2019 6:42pm
Quoting PipsDearth
{quote} 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.

I have an example, GBPAUD H1 .. double IBs then a Master Candle

we see consolidation at BRN 1.9000

day traders prepare some money for a possible breakout.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Oct 17 BRN1900017-10-2019 07-36-40.png Size: 53 KB


I pick the breakout to the UPside following Daily and Weekly.... Plan A.

Plan B... if that fails.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,402
  • Oct 16, 2019 6:43pm Oct 16, 2019 6:43pm
Quoting emmanuel7788
{quote} tell me how do you want to use that Daily APB/HA on M30? I can make one for you.
Filter trades. Longs only when daily APB bullish or shorts only when daily APB bearish.
  • #98,403
  • Oct 16, 2019 6:44pm Oct 16, 2019 6:44pm
Quoting sharpiemomo
{quote} Filter trades. Longs only when daily APB bullish or shorts only when daily APB bearish.
If you do make it, make sure it's APB and not HA
  • #98,404
  • Oct 16, 2019 6:55pm Oct 16, 2019 6:55pm
Quoting sharpiemomo
{quote} Filter trades. Longs only when daily APB bullish or shorts only when daily APB bearish.
since you are very short term day trading on M30, you can both sell and buy in the same day even in same market session.

for study purposes, why not just use the normal day price candles?

like this below. you see the previous Day candle in the background and you know its OHLC and its candle body.

yesterday D1 is a spinning top candle .. today can go either ways, can go up (25%) can go down (25%), can go sideways (50%)...place your bet.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Oct 17 M30 with D1 candle.png Size: 64 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,405
  • Oct 16, 2019 6:59pm Oct 16, 2019 6:59pm
Quoting emmanuel7788
{quote} I have an example, GBPAUD H1 .. double IBs then a Master Candle we see consolidation at BRN 1.9000 day traders prepare some money for a possible breakout. {image} I pick the breakout to the UPside following Daily and Weekly.... Plan A. Plan B... if that fails.

Yes you're right, it is working.
Thank you
  • #98,406
  • Oct 16, 2019 7:03pm Oct 16, 2019 7:03pm
Quoting emmanuel7788
{quote} since you are very short term day trading on M30, you can both sell and buy in the same day even in same market session. for study purposes, why not just use the normal day price candles? like this below. you see the previous Day candle in the background and you know its OHLC and its candle body. yesterday D1 is a spinning top candle .. today can go either ways, can go up (25%) can go down (25%), can go sideways (50%)...place your bet. {image}
It's fine brother I think the Synergy pro system comes with what I was looking for so you shouldn't have to code anything... I like to have rules which increases my odds and my edge, one of them possibly being the daily APB I will have to continue back testing it and see if that is the case.
  • #98,407
  • Oct 16, 2019 7:04pm Oct 16, 2019 7:04pm
Quoting neoaus
USDJPY H4 Oct 14 SYD Triple Top? - Watching {image}

if you are still following this pair, yesterday D1 close inverted hammer.

is this the first sign of a bearish reversal? or just a small correction of that bigger move up.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Oct 17 H1 with D1 candle 17-10-2019 08-01-12.png Size: 48 KB


there is some room down for a day trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,408
  • Oct 17, 2019 1:48am Oct 17, 2019 1:48am
Quoting emmanuel7788
{quote} 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...
Still no answer to a direct question.
The list of unanswered directly asked questions keeps on getting longer.
-----
Let's try again:
Post 98,389: now we know when he said do not add other indicators
Then why are you doing it Emmanuel?
  • #98,409
  • Oct 17, 2019 2:01am Oct 17, 2019 2:01am
the TDI is not in the winning edge equation.
------
A chart is worth a thousand words:
Attached Image (click to enlarge)
Click to Enlarge Name: boring.PNG Size: 62 KB

Follow only BigE's advice in this thread.
Follow TDI.
  • #98,410
  • Oct 17, 2019 2:30am Oct 17, 2019 2:30am
Quoting emmanuel7788
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. {image}
I know it was an example but your chart is labelled wrongly in the top right, its not GBP/JPY.
Success means going from failure to failure without loss of enthusiasm
  • #98,411
  • Oct 17, 2019 2:38am Oct 17, 2019 2:38am
Quoting Tekkies
the TDI is not in the winning edge equation. ------ A chart is worth a thousand words: {image} Follow only BigE's advice in this thread. Follow TDI.

hey Tekkies

London Open just wipe out all your sell trades ...

but that's okay . Keep on practice, practice, practice and one day you will get it right.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 M15 H1 H4 Oct 17 LO 17-10-2019 15-34-08.png Size: 68 KB


check you H4, the HA candle has not close below its 5EMA.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,412
  • Oct 17, 2019 2:44am Oct 17, 2019 2:44am
Quoting lisat
{quote}I know it was an example but your chart is labelled wrongly in the top right, its not GBP/JPY.

that is an old post and is correct pais as labeled.

I think you are looking at this week's prices, am I right?

this week trading is buy GBPJPY on Daily.

Edit:

here is the link to that old post ... Oct 15 2014.
https://www.forexfactory.com/showthr...44#post7802344
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,413
  • Oct 17, 2019 3:00am Oct 17, 2019 3:00am
Quoting Tekkies
the TDI is not in the winning edge equation. ------ A chart is worth a thousand words: {image} Follow only BigE's advice in this thread. Follow TDI.

hey Tekkies

you wrote:
Follow only BigE's advice in this thread.
Follow TDI.

But you did not follow his Post#647 and Post#261.

look at H4 below, the PA shows consolidation and HA PA is above its 5EMA.
you follow TDI blindly without knowing the Price Action and these:

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

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Oct 17 H4 PA vs TDI 17-10-2019 15-54-19.png Size: 27 KB


price action trading is leading edge not TDI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,414
  • Oct 17, 2019 3:03am Oct 17, 2019 3:03am
Quoting emmanuel7788
{quote} that is an old post and is correct pais as labeled. I think you are looking at this week's prices, am I right? this week trading is buy GBPJPY on Daily. Edit: here is the link to that old post ... Oct 15 2014. https://www.forexfactory.com/showthr...44#post7802344
Ahh ok didn't realise you would put up a 5 year old post to show an example.
Success means going from failure to failure without loss of enthusiasm
  • #98,415
  • Oct 17, 2019 3:07am Oct 17, 2019 3:07am
Quoting lisat
{quote}Ahh ok didn't realise you would put up a 5 year old post to show an example.

today is Oct 2019, that is 5 years ago

and back then we were discussing how to trade Day continuation and using H1 Inside Bar.

just a few post above that last one,
#42,295
https://www.forexfactory.com/showthr...50#post7802150
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,416
  • Oct 17, 2019 3:10am Oct 17, 2019 3:10am
Quoting emmanuel7788
{quote} today is Oct 2019, that is 5 years ago and back then we were discussing how to trade Day continuation and using H1 Inside Bar. just a few post above that last one, #42,295 https://www.forexfactory.com/showthr...50#post7802150
Thank you for your continued guidance Emmanuel, but I am actually aware which year we're in.
Success means going from failure to failure without loss of enthusiasm
  • #98,417
  • Oct 17, 2019 3:21am Oct 17, 2019 3:21am
Quoting lisat
{quote}Thank you for your continued guidance Emmanuel, but I am actually aware which year we're in.

you are welcome lisat...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,418
  • Oct 17, 2019 3:23am Oct 17, 2019 3:23am
Quoting emmanuel7788
{quote} since you are very short term day trading on M30, you can both sell and buy in the same day even in same market session. for study purposes, why not just use the normal day price candles? like this below. you see the previous Day candle in the background and you know its OHLC and its candle body. yesterday D1 is a spinning top candle .. today can go either ways, can go up (25%) can go down (25%), can go sideways (50%)...place your bet. {image}
Hi Emm,
Where can we get that D1 big candle overlay indi?
  • #98,419
  • Oct 17, 2019 3:29am Oct 17, 2019 3:29am
Thank you for keeping this information going Emmanuel. I have been lurking here for 6 months and trading a really simple version of what this method shows with great success so far.

HA, 5EMA, TDI. Just trade on daily charts, with an eye on S/R levels. I am keeping it so simple and not looking for anything fancy. Using strict risk management and emotionally detaching myself from the trades. This WORKS. This is the first time in 4 years I have been consistently profiting.

I will start posting here more and maybe sharing some of my charts if you are happy with a really simplistic version of what you teach happy trading!
  • #98,420
  • Oct 17, 2019 3:31am Oct 17, 2019 3:31am
Quoting 40PipsAlan
{quote} Hi Emm, Where can we get that D1 big candle overlay indi?

here I post that again ...


you can change the setting as shown.



Attached Image (click to enlarge)
Click to Enlarge Name: D1 candle setting.png Size: 46 KB
Attached File(s)
File Type: ex4 !#_D1 Candle.ex4   15 KB | 548 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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