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Trading Made Simple(r)

  • #6,281
  • Oct 14, 2020 7:40am Oct 14, 2020 7:40am
Quoting emmanuel7788
GBPUSD Oct 14 trade basket management - one basket with 2 open positions, I will exit and take the profit before the next buy stop level. not the market is above my buy average 1.2959 now. - once I exit this basket, both the buy limit and buy stop will be deleted - I will then decide if I want to open a new buy basket {image}

GBPUSD Oct 14 - basket closed and re-open a new basket....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Oct 14 trade basket closed 14-10-2020 8-35-04 pm.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,282
  • Oct 14, 2020 7:43am Oct 14, 2020 7:43am
Quoting emmanuel7788
{quote} {image} EURGBP Oct 14 update - at this moment that intra-week correction has taken care of the seller stops. - now its back to my original trade plan {image}

EURGBP Oct trade management update:

- with one basket with 4 open positions and now running nicely,

- sell limit and sell stop will be deleted when basket take profit

- will close this basket and re-open a new sell basket.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Oct 14 trade basket managent 14-10-2020 8-40-44 pm.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,283
  • Oct 14, 2020 8:35am Oct 14, 2020 8:35am
Quoting emmanuel7788
{quote} EURGBP Oct trade management update: - with one basket with 4 open positions and now running nicely, - sell limit and sell stop will be deleted when basket take profit - will close this basket and re-open a new sell basket. {image}

EURGBP Oct 14 trades closed

- new basket open with one position, one limit order and one stop order.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Oct 14 trades closed 14-10-2020 9-33-14 pm.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,284
  • Oct 14, 2020 7:07pm Oct 14, 2020 7:07pm
Quoting emmanuel7788
Here is one to be in your watchlist, AUDJPY Oct 13 Daily {image}
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Oct 13 D1 watchlist 13-10-2020 8-19-52 am.png Size: 53 KB


AUDJPY Oct 15 Tokyo Open update

- what do you see>

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Oct 15 TMSr D1 15-10-2020 7-52-12 am.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,285
  • Oct 14, 2020 7:15pm Oct 14, 2020 7:15pm
Quoting emmanuel7788
{quote} {image} AUDJPY Oct 15 Tokyo Open update - what do you see> {image}
Hi Emmanuel

I also entered a sell order and waited to see the result.
  • #6,286
  • Oct 14, 2020 7:28pm Oct 14, 2020 7:28pm
Quoting emmanuel7788
{quote} {image} AUDJPY Oct 15 Tokyo Open update - what do you see> {image}
Hello Emmamuel !!! Can you share a Hi / Low weekly candlestick indicator? I am looking for this indicator but I cannot find it because if it is there it will be of great help to my trading plan. Thank you
  • #6,287
  • Oct 14, 2020 7:52pm Oct 14, 2020 7:52pm
Quoting Jonhathan123
{quote} Hello Emmamuel !!! Can you share a Hi / Low weekly candlestick indicator? I am looking for this indicator but I cannot find it because if it is there it will be of great help to my trading plan. Thank you

Hello Jonhathan

There is no indicator for that Weekly High-Low .
When you do your weekly top down analysis, you need to see the weekly bar/candle to see if that weekly is a Weekly Control Candle then you draw its high low manually.

Weekly Control Candle WCC is a name give by member strat and those who follow his "THE PATH" will learn how to use this WCC. I use this WCC to determine the market type condition in which I do my swing trading.

You need 3 weeks to be completed to confirm the WCC. See chart below.
When you follow your charts one week at a time, you will spot them easily and when you have done this on every weekend, you know ahead in time what the market type condition is to trade in the following week. Planning your TMSr trades would be simpler and easy. Remember the Weekly ATR(52) weeks when you do your trade planning.


Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Weekly Control Candle 15-10-2020 8-43-04 am.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,288
  • Oct 15, 2020 2:52am Oct 15, 2020 2:52am
Quoting emmanuel7788
{quote} Hello Jonhathan There is no indicator for that Weekly High-Low . When you do your weekly top down analysis, you need to see the weekly bar/candle to see if that weekly is a Weekly Control Candle then you draw its high low manually. Weekly Control Candle WCC is a name give by member strat and those who follow his "THE PATH" will learn how to use this WCC. I use this WCC to determine the market type condition in which I do my swing trading. You need 3 weeks to be completed to confirm the WCC....
Hi Emm,
How about this one?LB set to 1 bar and turn the other TF off.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 144 KB
Attached File(s)
File Type: ex4 Support and Resistance # TLB OC v02.ex4   41 KB | 371 downloads
File Type: mq4 Support and Resistance # TLB OC v02.mq4   18 KB | 349 downloads
  • #6,289
  • Oct 15, 2020 3:05am Oct 15, 2020 3:05am
More reading for us guys.
https://www.forexfactory.com/thread/...s-free-trading?

Strat's Mantra:

We TRADE TO LIVE. We are NOT like others who LIVE TO TRADE.

We know that our Health is ALWAYS more important than our wealth.

We know trading is NOT a "Get Rich Quick Scheme".

We know trading is a serious business and WE treat our trading as a SERIOUS BUSINESS

We understand we have, like any other profession, to put in the thousands of hours studying, learning and practicing our methods and techniques.

We understand there is NO SHORTCUT to becoming successful and profitable traders.

We understand that successful and profitable trading is 95% psychology and 5% technical skill. We know who and what we have to control.

We need PATIENCE to wait for and "SEE" opportunities

We need DISCIPLINE to act and trade on such opportunities

We are PLANNERS – We always PLAN each and every trade and then Trade the PLAN without exception.

We are BELIEVERS. We believe in ourselves and our PLAN.

We believe in the Holy Grail. We know what the Holy Grail is. We have found the Holy Grail and our search for trading enlightenment is over.

We can only take what the market gives us - we do "NOT" force the market.

We understand that PRICE is Lord, King, Queen and Country.

We ACCEPT losses as the cost of doing business

We are PROFESSIONALS and PROFESSIONALS look for a reason NOT to take a trade

We are NOT Amateurs. Amateurs manage money by taking RISK. PROFESSIONALS manage RISK by taking money.
  • #6,290
  • Oct 15, 2020 4:03am Oct 15, 2020 4:03am
Quoting 40PipsAlan
{quote} Hi Emm, How about this one?LB set to 1 bar and turn the other TF off. {image} {file} {file}
Hello!
Thank you for this indicator and let me ask a bit LB set to 1 since the default parameter is 3
  • #6,291
  • Oct 15, 2020 4:05am Oct 15, 2020 4:05am
Quoting emmanuel7788
{quote} Hello Jonhathan There is no indicator for that Weekly High-Low . When you do your weekly top down analysis, you need to see the weekly bar/candle to see if that weekly is a Weekly Control Candle then you draw its high low manually. Weekly Control Candle WCC is a name give by member strat and those who follow his "THE PATH" will learn how to use this WCC. I use this WCC to determine the market type condition in which I do my swing trading. You need 3 weeks to be completed to confirm the WCC....
Hi!
Do you have any plans to trade in the high and low price zones of the WCC?
  • #6,292
  • Oct 15, 2020 4:44am Oct 15, 2020 4:44am
Quoting Jonhathan123
{quote} Hi! Do you have any plans to trade in the high and low price zones of the WCC?

Yes. When the WCC is narrow range there is potential for the market to breakout of the narrow range. This is where you can trade the D1 or even the H4 and look at the break at the WCC high or the WCC low .

Example is EURNZD, the WCC range rather narrow. If you have this WCC drawn, then look at D1 or H4 for short term trades. Look the the WCC high and low as support and resistance too when trading in the lower timeframes.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Week 42 Oct 15 15-10-2020 5-38-42 pm.png Size: 53 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Oct 15 H4 w WCC 15-10-2020 5-43-25 pm.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,293
  • Oct 15, 2020 4:54am Oct 15, 2020 4:54am
Quoting Jonhathan123
{quote} Hello! Thank you for this indicator and let me ask a bit LB set to 1 since the default parameter is 3
Hi, still learning like u. I am seeing lots of SR lines on the chart and whether they hold or not is the quest we are on.
  • #6,294
  • Oct 15, 2020 5:01am Oct 15, 2020 5:01am
Quoting emmanuel7788
{quote} Yes. When the WCC is narrow range there is potential for the market to breakout of the narrow range. This is where you can trade the D1 or even the H4 and look at the break at the WCC high or the WCC low . Example is EURNZD, the WCC range rather narrow. If you have this WCC drawn, then look at D1 or H4 for short term trades. Look the the WCC high and low as support and resistance too when trading in the lower timeframes. {image} {image}
Thank you for actually waiting for the breakout of WCC that would have lost a lot of pips. I understand WCC will help us see good support resistance, right?
  • #6,295
  • Oct 15, 2020 5:03am Oct 15, 2020 5:03am
Quoting 40PipsAlan
{quote} Hi, still learning like u. I am seeing lots of SR lines on the chart and whether they hold or not is the quest we are on.
Thank you! I am also learning more
  • #6,296
  • Oct 15, 2020 5:15am Oct 15, 2020 5:15am
Quoting Jonhathan123
{quote} Thank you for actually waiting for the breakout of WCC that would have lost a lot of pips. I understand WCC will help us see good support resistance, right?

The WCC is just a Weekly bar/candle and it has its Open, High, Low and Close. Just treat the Weekly OHLC as natural price levels and look for previous price action PPA for swing highs/swing lows in the lower timeframe for e.g. H4 and see the CONLUENCE of support&resistance

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Oct 15 H4 swing high swing low 15-10-2020 6-12-34 pm.png Size: 81 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,297
  • Oct 15, 2020 7:34pm Oct 15, 2020 7:34pm
Quoting 40PipsAlan
{quote} Hi Emm, How about this one?LB set to 1 bar and turn the other TF off. {image} {file} {file}

Hi Alan

I have not seen this before. Anyway, I can look into this and feedback.
Probably can use it but only to look at CONFLUENCE of other price action support & resistance and price level BRN/ RN.

Take Care!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,298
  • Oct 17, 2020 5:55am Oct 17, 2020 5:55am
next week's calendar Oct 19 to 23

not on FF calendar is the ongoing Brexit talks and BJ is making a very firm stand with the Brussel folks.

based on the news/events and chart, we have a few good trade opportunities for Daily char traders.

Attached Image (click to enlarge)
Click to Enlarge Name: Impact News Week 43 Oct 19 to 23 London local time.png Size: 134 KB

These two JPYBasket and USDollar are buy for me.

Attached Image (click to enlarge)
Click to Enlarge Name: JPYBasket Week 43 buy 17-10-2020 6-53-47 pm.png Size: 63 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDBasket Week 43 buy 17-10-2020 6-54-14 pm.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,299
  • Oct 17, 2020 5:59am Oct 17, 2020 5:59am
AUDUSD and AUDJPY Week 43 Oct 19 to 23

week opening is sell and caution with intra-week corrective moves

check your H4 and locate the recent big candle last week and the corrective moves can test the big candles.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 43 sell 17-10-2020 6-55-40 pm.png Size: 63 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week 43 sell 17-10-2020 6-55-59 pm.png Size: 63 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY H4 17-10-2020 7-00-41 pm.png Size: 56 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD H4 17-10-2020 7-01-16 pm.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,300
  • Oct 17, 2020 6:15am Oct 17, 2020 6:15am
Quoting emmanuel7788
USDCAD Week 42 Oct 14 Trade baskets closed, see reasons why I close today on my chart below. Now back to waiting for the next trade opportunity. {image}
USDCAD Week 43 Oct 19 to 23

After closing my sell baskets last week, I have not resume trading this pair.
Looking at how the week closed on Friday, I am not in favour of buy swing next week. So I wait for another few days. I am more inclined toward the Monthly longer term view i.e. bearish.

Anyone done his WCC on-chart analysis would probably prefer shorter term H4 trades.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 43 stand aside 17-10-2020 7-11-51 pm.png Size: 64 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 43 H4 swings 17-10-2020 7-14-08 pm.png Size: 62 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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