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Trading Made Simple

  • #99,141
  • Nov 24, 2019 8:59pm Nov 24, 2019 8:59pm
Quoting emmanuel7788
DE30 Week 48 Nov 25 to 29 Weekly is 'spinning tops' for 2 weeks... some technical traders think this is indecision. My preferred direction is to buy when the HA candles are above its 5EMA. This works with all timeframes - Daily, H4, H1 and M15. The rest is the Money Management strategy and Mental strategy the mental fitness of the trader to trade in all market conditions. {image}
Hi Emmanuel , what made you concentrate on DE30 ? Interesting and very simple approach. Do you have stop loss? . Those 'rigged' spikes..
  • #99,142
  • Nov 24, 2019 9:00pm Nov 24, 2019 9:00pm
Quoting emmanuel7788
{quote} {image} USDCHF Daily update Week 48 Nov 25 There is a break of that narrow range but is that enough for more buying? Note, it is the 4th HA candle... can you trade this 4th HA candle? YES! but where do you place your initial stop loss as your risk 'R' ? {image}
GD emm.. i didn't trade this, but in your opinion where is best to place the initial SL.. a few pips below 0.98684 for H4? or a few pips D1 0.98412? or a few pips below midway 0.99344?
  • #99,143
  • Nov 24, 2019 9:48pm Nov 24, 2019 9:48pm
Quoting Pip-Miner
{quote} Hi Emmanuel , what made you concentrate on DE30 ? Interesting and very simple approach. Do you have stop loss? . Those 'rigged' spikes..
Post 99,056
Post 99,058
- Can give you the answer why it seems that Emmanuel only post DE30 trades
He never posted DE30 trades before middle Augustus 2018. It started only after I posted DE30 charts.
First few charts was to "correct" me with lots of insults, side remarks. Later Emmanuel jumped completely on the bandwagon and become the conductor of the DE30 band.
Maybe he still hoping I will follow his advice.
  • #99,144
  • Nov 24, 2019 10:12pm Nov 24, 2019 10:12pm
Quoting Tekkies
{quote} Post 99,056 Post 99,058 - Can give you the answer why it seems that Emmanuel only post DE30 trades He never posted DE30 trades before middle Augustus 2018. It started only after I posted DE30 charts. First few charts was to "correct" me with lots of insults, side remarks. Later Emmanuel jumped completely...
His a character Emmanuel , never short of words.
  • #99,145
  • Nov 24, 2019 10:50pm Nov 24, 2019 10:50pm
Quoting Pip-Miner
{quote} His a character Emmanuel , never short of words.
Not really.
Did some time wasting.
They are all about how Tekkies: Post 92,148. Post 92,148 ..........
Try and find a post before those postes where 7788 mentioned or trade DE with out referring to Tekkies'
Am sure if DE30 was part of his trading profile he would have posted somewhere in the distance past a chart or a profit summary about DE30.
  • #99,146
  • Nov 25, 2019 6:17am Nov 25, 2019 6:17am
Quoting Pip-Miner
{quote} Hi Emmanuel , what made you concentrate on DE30 ? Interesting and very simple approach. Do you have stop loss? . Those 'rigged' spikes..
Hi Pip-Miner

DAX is just one of several indices I added to my portfolio recently. I follow the DAX top 30 companies because of my previous corporate job.
I traded indices e.g. MSCI since 2005 but in 2010 I got more involved into trading spot forex. I made plan to resume trading futures and recently completed a training course by a CME trainer. There is money to make trading futures .

Yes, I have always trade with stop loss and know when to cut-loss .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,147
  • Nov 25, 2019 6:23am Nov 25, 2019 6:23am
Quoting moRTaL
{quote} GD emm.. i didn't trade this, but in your opinion where is best to place the initial SL.. a few pips below 0.98684 for H4? or a few pips D1 0.98412? or a few pips below midway 0.99344?
Hi moRTaL

USDCHF

A proven method is to use the 2bars/candles look back for initial SL when there is an established 'trend' or swing.

when trading the Daily, then previous 2 days' low. This will allow possible add-on when there is retracement up to 50% of the low to high of the two days.

also possible to use the previous 2 weeks low when the market is sideways wide range.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Vov 25 SL 2CBL 25-11-2019 20-03-01.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,148
  • Nov 25, 2019 4:51pm Nov 25, 2019 4:51pm
Quoting emmanuel7788
{quote} Hi moRTaL USDCHF A proven method is to use the 2bars/candles look back for initial SL when there is an established 'trend' or swing. when trading the Daily, then previous 2 days' low. This will allow possible add-on when there is retracement up to 50% of the low to high of the two days. also possible to use the previous 2 weeks low when the market is sideways wide range. {image}
thx for the reply emm
  • #99,149
  • Nov 25, 2019 5:11pm Nov 25, 2019 5:11pm
EU seem not break to lower. I am buying
  • #99,150
  • Nov 25, 2019 6:11pm Nov 25, 2019 6:11pm
Quoting emmanuel7788
DE30 Week 48 Nov 25 to 29 Weekly is 'spinning tops' for 2 weeks... some technical traders think this is indecision. My preferred direction is to buy when the HA candles are above its 5EMA. This works with all timeframes - Daily, H4, H1 and M15. The rest is the Money Management strategy and Mental strategy the mental fitness of the trader to trade in all market conditions. {image}

DE30 Nov 26 Tokyo Open

It was right decision to stay on the buyers side yesterday and today is the same decision.

Look at the H4 price action... the APB/HA candles are above its 5EMA, Typical Price, Shift+3. Note the TDI green and read at the circled 1 and 2. This is reason why I put more weight to the price action of the OHLC and the HA candles.

Also I look at the market type condition of the Weekly and Daily.

It is simple to follow price action of all three timeframes when swing trading. This very same simple approach works in all instruments - stock, indices, forex, etc. It is all about entries and exits. Knowing when and where to cut-losses and when to let profits run and grow an account.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Nov 26 Tokyo Open 26-11-2019 08-00-12.png Size: 89 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,151
  • Nov 25, 2019 6:18pm Nov 25, 2019 6:18pm
Quoting moRTaL
{quote} thx for the reply emm

USDCHF Nov 26

well, yesterday was choppy in LTF and went nowhere on the Daily. Not much retracement to build another position for those trading with MEME.

today would be the same so long we see the OHLC and the HA candles price action above its 5EMA.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Nov 26 D1 Tokyo Open 26-11-2019 08-13-30.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,152
  • Nov 25, 2019 6:26pm Nov 25, 2019 6:26pm
USDCAD Nov 26 Daily

Look at the Weekly high made last week and what happen for several days after that momentum high that .

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Nov 26 D1 26-11-2019 08-20-56.png Size: 52 KB


Learn Price Behaviour by professional trader Mike Baghdady. There are four videos, here is Part 1.

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,153
  • Nov 25, 2019 6:45pm Nov 25, 2019 6:45pm
AUDJPY Nov 26 Daily

it is always the same whether price make a high or a low,

in this example , there are a big weekly candle 2 weeks ago with a new low.

see what happens to the price after that weekly low.

when trading in the LTF you will always see some support and resistance.

now we be patient and wait for the next best technical setup and also listen to the market events and sentiments.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Nov 26 D1 26-11-2019 08-38-45.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,154
  • Nov 26, 2019 1:14am Nov 26, 2019 1:14am
Quoting trantuanblu
EU seem not break to lower. I am buying
I am in:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 59 KB
  • #99,155
  • Nov 26, 2019 4:16am Nov 26, 2019 4:16am
Quoting trantuanblu
{quote} I am in: {image}
I am wondering what convinced you to buy there. The bars are small range and TDI green does not show good upward momentum. If there would have been a blue bar close above EMA5 that looked more like the one on 14 November, it would be more convincing.
To free Gazans of Hamas, use whatever it takes.
  • #99,156
  • Nov 26, 2019 8:11am Nov 26, 2019 8:11am
I'm selling e/u, I think support might break soon, then continue down near 1.09
  • #99,157
  • Nov 26, 2019 8:40am Nov 26, 2019 8:40am
Wondering by your entering parametres
  • #99,158
  • Nov 26, 2019 8:49am Nov 26, 2019 8:49am
Quoting trendtraderr
I'm selling e/u, I think support might break soon, then continue down near 1.09
It will go down but may not go very far - lots of resistance
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 75 KB
  • #99,159
  • Nov 26, 2019 11:17am Nov 26, 2019 11:17am
Quoting emmanuel7788
Here we go again ... Introduction to Trading Made System To learn what Trading Made Simple is, you have to follow the trading journey of the OP eelfranz aka Big E. He started as a newbie in 2008. Know the history and you will learn a lot from the OP and when you have mastered the 5-Method, you can then move on and develop your own trading system following how he did his. Many traders have moved on to trade their own systems. Trading Made Simple for beginners : Post#52,707...
Thank you very much Emm for the excellent Summary :-)
  • #99,160
  • Nov 26, 2019 1:02pm Nov 26, 2019 1:02pm
Quoting josi
{quote} It will go down but may not go very far - lots of resistance {image}
After it rallies from there, we'll see if the sellers can break through that support zone and take it on down.
To free Gazans of Hamas, use whatever it takes.
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