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Trading Made Simple(r)

  • #6,081
  • Sep 16, 2020 3:54am Sep 16, 2020 3:54am
Quoting emmanuel7788
{quote} Swing of 3 to 8 candles is true when you are trading M15 and using the Tokyo (Asian) channel. Big E old thread. But here when you are trading H4 and Daily, you have other factors to consider the price swings.
In my opinion, charts are fractal. LTFs are similar to HTFs (M15 or H4, D1 are the same)
one swing offen end after 8-10 bars (sometime <8,or >10). Then have a small pullback/or pause, and after that, will continuation or revesal
This is not 100% sure, but high probability
In the chart of Frank, I counted 6 red Daily bars, this is high probability the trend will pause or maybe have some pullbacks in D1.
You can see HMA, EMA are flatting
I will not short here in H4
I only entry continuation setup in the first pullback in H4 (when D1 have first 3-5 bars consecutive
This is high % winrate
You can see in my attached charts (D1), I marked some swings, these swings offten from 6 to 10 bars, and then have some pullback
If current price is 6-10 D1 bars, entry in LTF offen hit SL
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 72 KB
  • #6,082
  • Sep 16, 2020 5:14am Sep 16, 2020 5:14am
Quoting mikaba197
{quote} Hi Frank, I think 3 charts above are ending of daily trend. Like Big. E said a trend exist ~ 8 bars, then pullback or consolidation.
"End of Daily trend"! thanks mate, you are right. I broke the rules.
  • #6,083
  • Sep 16, 2020 5:22am Sep 16, 2020 5:22am
Quoting emmanuel7788
{quote} RH said before that it is better to look for CONTINUATION type of trades. The CROSSOVER trades are difficult unless you are very good at multi-timeframe analysis and can pick the best setups. Do more CONTINUATION trades and you will gain more confidence.
In the last three trades (GBPNZD, GBPAUD, AUDCAD), I was trying to catch the continuing trend but I failed. I thought I had followed the rules. Is there any other points I missed?
  • #6,084
  • Sep 16, 2020 7:09am Sep 16, 2020 7:09am
Quoting Frank.g
{quote} In the last three trades (GBPNZD, GBPAUD, AUDCAD), I was trying to catch the continuing trend but I failed. I thought I had followed the rules. Is there any other points I missed?
Hi Frank

You trades were based on the Daily.

1) Pick the best setup and TIMING your trade entry.
2) Know where to place you initial Stop Loss and do you trade Position Size
3) Trading D1 your initial SL must be based on D1 candles high / low. use 2 candle back for SL.


I made some comments on your D1 charts entries.

Timing the entry is important. I would want to see the previous days make higher high + higher Close for buy entry and the opposite for sell .. lower low + lower Close.
You can study your own charts and make those observations.

Also, whenever you see prices starts to show smaller candles and when near to Big Round Number, you need to zoom out and look far left to see if there were previous price swings ended ... can be support or resistance. In the case of both GBPAUD and GBPNZD trades I see support on both the Weekly.

When you want to trade the D1, do you weekly top down analysis and know the market condition and where the previous swings highs and swing lows were. Take note when you trade in the new week.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Frank-g EURGBP D1 comment.png Size: 363 KB
Click to Enlarge Name: Frank-g GBPAURD D1 comments.png Size: 370 KB
Click to Enlarge Name: Frank-g GBPNZD D1 comment.png Size: 359 KB
Click to Enlarge Name: Frank-g AUDCAD D1 comments.png Size: 376 KB
Click to Enlarge Name: GBPNZD W1 zones 16-9-2020 8-06-04 pm.png Size: 50 KB
Click to Enlarge Name: GBPAUD W1 zones 16-9-2020 8-07-26 pm.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,085
  • Sep 16, 2020 7:18am Sep 16, 2020 7:18am
Weekly charts swings highs

when trading the D1 and also H4, pay attention these previous swing zones
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBP Weekly zones 16-9-2020 8-17-39 pm.png Size: 55 KB
Click to Enlarge Name: ADUCAD Weekly zone 16-9-2020 8-16-25 pm.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,086
  • Sep 16, 2020 7:25am Sep 16, 2020 7:25am
EURUSD and GBPUSD are the most challenging times to trade D1 now but not impossible ....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD Weekly swing zones 16-9-2020 8-24-04 pm.png Size: 55 KB
Click to Enlarge Name: GBPUSD Weekly swing zones 16-9-2020 8-22-27 pm.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,087
  • Sep 16, 2020 8:01am Sep 16, 2020 8:01am
Quoting emmanuel7788
{quote} Hi Frank You trades were based on the Daily. 1) Pick the best setup and TIMING your trade entry. 2) Know where to place you initial Stop Loss and do you trade Position Size 3) Trading D1 your initial SL must be based on D1 candles high / low. use 2 candle back for SL. I made some comments on your D1 charts entries. Timing the entry is important. I would want to see the previous days make higher high + higher Close for buy entry and the opposite for sell .. lower low + lower Close. You can study your own charts and make those observations....
Much appreciated for your comments and suggestions! It helps me to identify some mistakes I never note. Have printed this page and sticked it on my wall
  • #6,088
  • Sep 16, 2020 8:25am Sep 16, 2020 8:25am
Quoting Frank.g
{quote} Much appreciated for your comments and suggestions! It helps me to identify some mistakes I never note. Have printed this page and sticked it on my wall
these 3 pairs you can check tomorrow morning(Sydney Open) after today' NY session FOMC.

Daily chart

NZDUSD
EURNZD
NZDCAD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSD Sep 16 FOMC 16-9-2020 9-23-37 pm.png Size: 46 KB
Click to Enlarge Name: NZDCAD Sep 16 FOMC 16-9-2020 9-23-14 pm.png Size: 46 KB
Click to Enlarge Name: EURNZD Sep 16 FOMC 16-9-2020 9-24-14 pm.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,089
  • Sep 16, 2020 8:35am Sep 16, 2020 8:35am
Quoting Frank.g
{quote} Much appreciated for your comments and suggestions! It helps me to identify some mistakes I never note. Have printed this page and sticked it on my wall
here is AUDNZD Daily

looking at it now I will not trade this week ... D1 candle not making lower low with Lower Close.

A quick look at Weekly and you will know why.... so we wait till this week closed. Then we stalk this pair next week.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD Sep 16 D1 w W116-9-2020 9-31-50 pm.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,090
  • Sep 16, 2020 10:03am Sep 16, 2020 10:03am
Quoting emmanuel7788
{quote} Hi Frank You trades were based on the Daily. 1) Pick the best setup and TIMING your trade entry. 2) Know where to place you initial Stop Loss and do you trade Position Size 3) Trading D1 your initial SL must be based on D1 candles high / low. use 2 candle back for SL. I made some comments on your D1 charts entries. Timing the entry is important. I would want to see the previous days make higher high + higher Close for buy entry and the opposite for sell .. lower low + lower Close. You can study your own charts and make those observations....
Ah, this is very informative Emm. It could be the critical piece of the puzzle I am missing.
  • #6,091
  • Sep 16, 2020 10:21am Sep 16, 2020 10:21am
Quoting cgninvesting
{quote} Hi atcho, I’m quite new using RH methods but as far as I know we don’t check news and along the thread RH recommend us to avoid CFH pairs! Best, CGN
Thank you! :-)
  • #6,092
  • Sep 16, 2020 10:23am Sep 16, 2020 10:23am
AUDUSD H1 potential continuation setup with confirmation on higher TF H4 all the stoch and rsi is above the 50 line

Since I'm new to this style I would like to ask about your opinions on this potential setup thanks.

With regards
Geeze
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 132 KB
Click to Enlarge Name: Screenshot2.png Size: 139 KB
  • #6,093
  • Sep 16, 2020 5:04pm Sep 16, 2020 5:04pm
Quoting emmanuel7788
{quote} these 3 pairs you can check tomorrow morning(Sydney Open) after today' NY session FOMC. Daily chart NZDUSD EURNZD NZDCAD {image} {image} {image}
Note the D1 open with price Gap.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDCAD Sep 17 D1 open gap 17-9-2020 6-00-31 am.png Size: 152 KB
Click to Enlarge Name: USDNZD Sep 17 D1 price gap 17-9-2020 6-02-43 am.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,094
  • Sep 16, 2020 8:05pm Sep 16, 2020 8:05pm
AUDUSD H4

Been a while since I have traded TMSr. Let's see if this rocks.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD-H4.png Size: 151 KB

Trade well.
  • #6,095
  • Sep 16, 2020 9:51pm Sep 16, 2020 9:51pm
Quoting krismitt
AUDUSD H4 Been a while since I have traded TMSr. Let's see if this rocks. {image} Trade well.

you got in after the Employment data release ...

I got out before that.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,096
  • Sep 17, 2020 1:44am Sep 17, 2020 1:44am
Quoting emmanuel7788
{quote} Note the D1 open with price Gap. {image} {image}
Since yesterday, I just keep repeating "Higher high, higher close and no gap" to myself every time at the final moment before entry to double confirm, LOL.
  • #6,097
  • Sep 17, 2020 1:52am Sep 17, 2020 1:52am
Quoting emmanuel7788
{quote} you got in after the Employment data release ... I got out before that.
Yeah, was also taking a gamble with the local news that NZ was officially in a recession and since AUD and NZD are identical twins......

Cheers.
  • #6,098
  • Sep 17, 2020 2:01am Sep 17, 2020 2:01am
Quoting emmanuel7788
{quote} Hi Frank You trades were based on the Daily. 1) Pick the best setup and TIMING your trade entry. 2) Know where to place you initial Stop Loss and do you trade Position Size 3) Trading D1 your initial SL must be based on D1 candles high / low. use 2 candle back for SL. I made some comments on your D1 charts entries. Timing the entry is important. I would want to see the previous days make higher high + higher Close for buy entry and the opposite for sell .. lower low + lower Close. You can study your own charts and make those observations....
Hi there Frank.g, this is a Masters Degree in market structure and price-action trading within TMSr in these posts from Emm!. Copy them, collate them, merge them, study them, review them as often as you can.......GOOD STUFF!.

Well done Emmanuel.

Trade well.
  • #6,099
  • Sep 17, 2020 2:32am Sep 17, 2020 2:32am
As a naked chart price action trader, it's always interesting to see all the other things people can use to trade for similar results.
Love to talk on Discord: DividendGamer#1324
  • #6,100
  • Sep 17, 2020 2:42am Sep 17, 2020 2:42am
Quoting emmanuel7788
{quote} Note the D1 open with price Gap. {image} {image}
Just wondering how its possible for a daily price gap during the week? I understand the weekend gaps but not during the week. This is a revelation to me.
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