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Trading Made Simple

  • #111,881
  • Edited 9:36pm Nov 26, 2020 9:20pm | Edited 9:36pm
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My first trade using this strategy. I am only on page 40 in this thread it may take me some time to catch up but I thought I would put a bit of it in to practice.

I entered this trade on the 4 hourly chart (unfortunately on the 3rd candle) after the TDI cross and the candle close above the 5 EMA. I now see a checkmark signaling me to exit if the candle closes this way. Am I doing this correctly? This trade does seem a little counter trend as the overall trend in PA long term appears to be going down.
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My second trade this one's a bit more like what Big E referred to as a bounce trade. I read that Big E said that bounce trades are lower percentage but considering it was above 68 on the TDI I thought this would be a somewhat safe trade. PA has also closed below the 5EMA.
  • #111,882
  • Nov 26, 2020 11:48pm Nov 26, 2020 11:48pm
Quoting emmanuel7788
{quote} you missed post#118 above and that chart. then read on ... following post #122 to post #12,912.
You missed post#1 to post#117, post#119 to post#121

Grow up Emmanuel.
  • #111,883
  • Edited 1:04am Nov 27, 2020 12:12am | Edited 1:04am
Quoting Tekkies
{quote} Read post#121
Quoting emmanuel7788
{quote} you missed post#118 above and that chart. then read on ... following post #122 to post #12,912.
Quoting Tekkies
{quote} You missed post#1 to post#117, post#119 to post#121 Grow up Emmanuel.

No I did not miss any of the OP' posts.

I like Post #2617 best when I completed reading and studying all his posts and charts.

You are still behaving like a poor little kid throwing tantrums every day.

Its time for you to grow up and behave like a grown up Man.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,884
  • Nov 27, 2020 12:14am Nov 27, 2020 12:14am
Quoting emmanuel7788
USDCAD Nov 27 H4 TMS_V19 - ATR range 38 pips and H4 is choppy sideways - HA PA above 5EMA and a Master Candle - so do not expect 150 pips {image}

USDCAD Nov 27 H4 Tokyo 3PM, 10PM PDT

- all things in synergy

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,885
  • Nov 27, 2020 12:16am Nov 27, 2020 12:16am
Quoting emmanuel7788
USDCAD Nov 27 H4 TMS_V19 - ATR range 38 pips and H4 is choppy sideways - HA PA above 5EMA and a Master Candle - so do not expect 150 pips {image}
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a 1-2-3 price action example this morning during Tokyo hours

but the market hours liquidity is thin

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,886
  • Nov 27, 2020 1:31am Nov 27, 2020 1:31am
Quoting emmanuel7788
{quote} I trade H4 and these 19 currency pairs. I also have XAUUSD in my watchlist and I trade only Daily. Initially when you start trading, you can consider the same 8 pairs Big E traded in 2010. His 3 amigos AUDUSD, EURUSD, GBPUSD USDCAD, USDCHF USDJPY, EURJPY, GBPJPY TMS Monitor H4 Tokyo 2:00PM local time. Now waiting for the Tokyo 3:00PM which is also Big E 10PM PDT. Today Thursday Nov 26 is US Bank Holidays - Thanksgiving Day. {image}
Hello. What do you think about the entry this time on EURJPY. . Entry on the yellow line C-slope is 9 , P-slope 2 .
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  • #111,887
  • Nov 27, 2020 3:11am Nov 27, 2020 3:11am
Quoting toti1985
{quote} Hello. What do you think about the entry this time on EURJPY. . Entry on the yellow line C-slope is 9 , P-slope 2 . {image} {image}

when day trading the H1, Frankfurt 8am, 9am, 10am and 11am are dangerous hours to trade because of the Sydney Close/Frankfurt Open London Open/Tokyo Close.
so I pick only the A+++ H1 setups.

today when I look at the previous two Days, there is no clear direction and based on yesterday candle.. today I pick the bearish bias.
H4 price action is below its 5EMA and has not shown any higher high with higher Close... bearish!
with a H4 big candle and Inside Bar, and potentially a Master Candle later.

and with today' Day Open above, buying H1 is risky.

Weekly overall is sideway.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,888
  • Nov 27, 2020 3:33am Nov 27, 2020 3:33am
Quoting emmanuel7788
{quote} when day trading the H1, Frankfurt 8am, 9am, 10am and 11am are dangerous hours to trade because of the Sydney Close/Frankfurt Open London Open/Tokyo Close. so I pick only the A+++ H1 setups. today when I look at the previous two Days, there is no clear direction and based on yesterday candle.. today I pick the bearish bias. H4 price action is below its 5EMA and has not shown any higher high with higher Close... bearish! with a H4 big candle and Inside Bar, and potentially a Master Candle later. and with today' Day Open above, buying H1 is...
thank you . when you wrote it and i checked you are right. i trade mostly on london sesssion , what is your suggestion about the trading hours ? should i wait to trade after the first hour of london opening ?
  • #111,889
  • Nov 27, 2020 4:18am Nov 27, 2020 4:18am
Quoting toti1985
{quote} thank you . when you wrote it and i checked you are right. i trade mostly on london sesssion , what is your suggestion about the trading hours ? should i wait to trade after the first hour of london opening ?
That is more of a question for you to consider based on the amount of volatility during those periods, and then you decide if you are prepared to trade under those conditions. No one else can make a decision for you. Should you walk, ride a bicycle, drive a car, or ride a horse as your primary means of travel?

It is simple enough for you to spend some time scrolling back on some charts with whatever TF you intend to trade and see what the volatility is like during your selected hours (London session).
To free Gazans of Hamas, use whatever it takes.
  • #111,890
  • Nov 27, 2020 5:00am Nov 27, 2020 5:00am
Quoting DrDave
{quote} That is more of a question for you to consider based on the amount of volatility during those periods, and then you decide if you are prepared to trade under those conditions. No one else can make a decision for you. Should you walk, ride a bicycle, drive a car, or ride a horse as your primary means of travel? It is simple enough for you to spend some time scrolling back on some charts with whatever TF you intend to trade and see what the volatility is like during your selected hours (London session).
I understand that and i know the volatility in the sessions , but i am asking for personal opinion from Emmanuel. The fact that I have recently registered on this site does not mean that I am on the forex market at the same time. I have several years spent behind the screen in the forex market. So thank you for your answer , but i would like to know the opinion of Emmanuel !
  • #111,891
  • Nov 27, 2020 5:58am Nov 27, 2020 5:58am
Hi all, its my first time here but not new to trading...Only not making a consistent profit...Can someone please share the updated version of all the indicators needed.....Thanks
  • #111,892
  • Nov 27, 2020 6:13am Nov 27, 2020 6:13am
Quoting Papilakes
Hi all, its my first time here but not new to trading...Only not making a consistent profit...Can someone please share the updated version of all the indicators needed.....Thanks

The OP updated his first post and you will find his latest updated indicators and template in Post #25

How many trades have you done following the 5-Method?

Post some charts of trades taken and I will share with you my experience.

Be sure you start reading the old thread and there is a pdf title Forex Trading Methodology {click to download} which you can download there. Study that pdf and you will be good to start.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,893
  • Nov 27, 2020 1:48pm Nov 27, 2020 1:48pm
Dear All,please explain me what does this bounce means?
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  • #111,894
  • Nov 27, 2020 2:01pm Nov 27, 2020 2:01pm
Quoting T4Trade
Dear All,please explain me what does this bounce means? {image}
It means exactly what BigE said: Do not add anything. Do not use EAs. It will result in confusion and your results will suffer.

Already you are confused because of trying to use an EA, just as BigE said would happen.
To free Gazans of Hamas, use whatever it takes.
  • #111,895
  • Nov 27, 2020 2:20pm Nov 27, 2020 2:20pm
Quoting emmanuel7788
{quote} the HMA(12) by RobinHood replaces the TDI. you can use the MACD(2,13,7) to filter the setups. buy when the MACD(2,13,7) histogram above 0.0 level sell when the MACD(2,13,7) histogram below 0.0 level. enter only when the price action crossover happen during the first 3 bars of the histogram. there is a also a triple MACD to filter the trend and correction phases.
Hi EM Thanks for sharing your ideas. I have observed the price with MACD 2,13,7. It seems like it is an entry indicator.
Actually, I have an entry set up so I am just looking for something that will reduce bad trade from my existing setup. I found MACD 7,21 do some of that.
out of 20 trades If I could avoid 2 losing trades that will also a great improvement. I found if I use large value it reduce some winning trade, as well as losing trade. filtering out some bad trade from an existing set up is very tricky. I want 2 things together one is filtering out some losing trade and another is keeping all the winning trade in my system.
MA provides the market's current direction and strength.
  • #111,896
  • Nov 27, 2020 4:09pm Nov 27, 2020 4:09pm
Quoting hasib
{quote} Hi EM Thanks for sharing your ideas. I have observed the price with MACD 2,13,7. It seems like it is an entry indicator. Actually, I have an entry set up so I am just looking for something that will reduce bad trade from my existing setup. I found MACD 7,21 do some of that. out of 20 trades If I could avoid 2 losing trades that will also a great improvement. I found if I use large value it reduce some winning trade, as well as losing trade. filtering out some bad trade from an existing set up is very tricky. I want 2 things together one...
Maybe try to limit executing your strategy over a specific period of time. Just because trading forex is available 5 days a week 24/7 doesn't mean it is a good thing to trade at any time. Especially not if your indicator is giving you a trigger that is designed to work only well under a certain market condition. OR create a strategy/plan that works equally well regardless of these concepts where you don't need to filter out entries/exits based on such like trend/no-trend and if so on what time frame? Maybe draw a line at 00:00 every day, if price hits the upper line you buy, if price hits the lower line you sell. Be careful with the last thing because it is simple and could actually make you some money in the long run provided you are able to consistently execute such procedure (if its working) without adding or changing a thing.
  • #111,897
  • Nov 27, 2020 4:23pm Nov 27, 2020 4:23pm
Quoting DrDave
{quote} It means exactly what BigE said: Do not add anything. Do not use EAs. It will result in confusion and your results will suffer. Already you are confused because of trying to use an EA, just as BigE said would happen.
its TDi indicator,its not possible that we dont use indcators,indcatos are there to use for our benefit,we should know how to use it properly
  • #111,898
  • Nov 27, 2020 5:08pm Nov 27, 2020 5:08pm
Quoting T4Trade
{quote} its TDi indicator,its not possible that we dont use indcators,indcatos are there to use for our benefit,we should know how to use it properly
I see a lot of text on your "TDI indicator". That is no indicator that BigE presented in this thread. And, seeing that you don't know what a bounce is, then you must be confused by your ADDED indicator, because "bounce was explained many times in 2011.
To free Gazans of Hamas, use whatever it takes.
  • #111,899
  • Nov 27, 2020 5:43pm Nov 27, 2020 5:43pm
Quoting T4Trade
Dear All,please explain me what does this bounce means? {image}

these charts examples will explain the price action and the RSI green line bounce

when you see the price action which creates the 'flat' RSI green line , then wait for the price action to create the 'bounce'.... simple right?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,900
  • Nov 27, 2020 6:00pm Nov 27, 2020 6:00pm
Quoting T4Trade
Dear All,please explain me what does this bounce means? {image}

when you trade price action of the HA candles above / below its 5EMA (typical price , shift+2 or +3)

and wanting to use the RSI green line as MOMENTUM check,

you must read all the posts by member plamendp

he explained the slope as in his diagram below

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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