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Trading Made Simple

  • #118,141
  • Apr 19, 2021 12:35am Apr 19, 2021 12:35am
[quote = emmanuel7788; 13500776] {quote} từ bây giờ đến 4 giờ tới, rất nhiều điều có thể xảy ra ... Sydney Close, Frankfurt Open, London Open rồi Tokyo Close. chúng tôi không biết người mua và người bán đang ở đâu hoặc nếu người bán thoát khỏi phiên giao dịch châu Á hay người mua thoát khỏi phiên giao dịch châu Á. Chúng tôi, các nhà kinh doanh bán lẻ luôn quan tâm đến thị trường. {image} {image} [/ quote]


Thank you brother, Emmanuel7788! I will be more careful with my decisions than last week.
  • #118,142
  • Apr 19, 2021 6:09pm Apr 19, 2021 6:09pm
Quoting emmanuel7788
GBPUSD Apr19 H1 TOK_5H 2PM local time - H4 setup - buy H1
Attached Image (click to enlarge)
Click to Enlarge Name: GU Apr19 H4 V19 buy TOK_5H 19-4-2021 1-05-46 pm.png Size: 75 KB


{image}

GBPUSD Apr20 SYD 9AM

- yesterday was a good day

- today must be cautious with smart money when you chase after the market

- look at Weekly and the Big Picture

Attached Image (click to enlarge)
Click to Enlarge Name: GU Apr20 SYD H4 w W1 20-4-2021 7-05-58 am.png Size: 83 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,143
  • Apr 19, 2021 6:12pm Apr 19, 2021 6:12pm
Quoting emmanuel7788
{quote} GBPUSD Week 15 Apr 12 to 16 Big Picture Weekly Know the Market Type conditions - price levels price will move from and to .... {image} TMS charts 4 timeframes Know the 'support and resistance' of every timeframe. {image}

GBPUSD Apr 20 Big Picture

-

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Apr20 Big Picture20-4-2021 7-11-20 am.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,144
  • Apr 20, 2021 6:10am Apr 20, 2021 6:10am
Quoting emmanuel7788
{quote} GBPUSD Apr20 SYD 9AM - yesterday was a good day - today must be cautious with smart money when you chase after the market - look at Weekly and the Big Picture {image} {image}
I went short GU.
Hope all the best will come to you Emmanuel7788.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-04-20 180441.png Size: 148 KB
  • #118,145
  • Apr 20, 2021 10:08am Apr 20, 2021 10:08am
GU sell back to HL. 1.2R.

Follow this thread live and have been >50% chance of picking the right direction. Knowing what that is makes life easier.

Attached Image (click to enlarge)
Click to Enlarge Name: 27f1795ecb3dcaaaac305fdb70173839.png Size: 88 KB
  • #118,146
  • Apr 20, 2021 5:39pm Apr 20, 2021 5:39pm
Hello,

I am looking for the name of the attached indicator. I think it is a TMA bands indicator, but i don't know which version.
Anyone knows the name of this indicator and where i can find it, please?
Attached Image (click to enlarge)
Click to Enlarge Name: unknown indicator.jpg Size: 32 KB
  • #118,147
  • Edited 7:02pm Apr 20, 2021 6:17pm | Edited 7:02pm
Quoting alerossi358
Hello, I am looking for the name of the attached indicator. I think it is a TMA bands indicator, but i don't know which version. Anyone knows the name of this indicator and where i can find it, please? {image}

Hi

You know that is a TMA band. But in this thread, I have not seen anyone use TMA band with TMS 5-Method and made money.
I know some TMS traders use the Manning Stoller' Starc band based on market price volatility for their TMS swing trading system.

Anyway, there are lots of strategies using TMA band, here:
TMA Bands MTF Forex Trading System - Forex Strategies - Forex Resources - Forex Trading-free forex trading signals and FX Forecast (forexstrategiesresources.com)

and maybe people at this forum can help you with your search:
Triangular moving average (TMA) ... - Moving Average, MA - MQL4 and MetaTrader 4 - MQL4 programming forum - Page 56 (mql5.com)

Good luck!

<>
TMA centered recalculates/repaints. That makes all the analysis that is taking the past "signals" into consideration wrong, since they did not happen there and then, but much later. All those should be followed in run-time live testing and all will be clear what exactly is happening and why "signals" that look so good on historical data on recalculating/repainting indicators can not be used as signals
<>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,148
  • Apr 20, 2021 6:25pm Apr 20, 2021 6:25pm
Quoting mistdraw28
{quote} I went short GU. Hope all the best will come to you Emmanuel7788. {image}
Hi

There was a H4 setup during London session and if Big E was trading, he would have scalp the 4hr the way he used to.
If you follow the best TMS traders like LE1 and X-Man, and their threads link below ... Price Action is king.

Notice how the price 'stopped' at the H4 10EMA and also the time of the day when the market liquidity drop after London markets closed.

Nothing much happens after Monday' big candle. Don't expect a reversal but only small correction and sideways market type. Watch the commodity pairs AUD, CAD and NZD.

https://www.forexfactory.com/thread/...-time-frame-15
https://www.forexfactory.com/thread/...-simple-system
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Apr21 pipware h4 21-4-2021 7-09-36 am.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,149
  • Edited 7:23pm Apr 20, 2021 7:10pm | Edited 7:23pm
another interesting thread title:

Define a successful trader in 1 sentence

https://www.forexfactory.com/thread/...-in-1-sentence

How about we define a successful Trading Made Simple aka TMS trader in a few sentences and words?

The OP Big E once said:
#495
"
Starting out you should be 60-65% successful. Within 1 to two months you should be 70-80% successful.. IF... you follow the simple rules and simple exits... 3-6 months... 85% successful. Don't complicate it... keep it simple. Buy your wheel barrow..

I never knownly take a draw back of 40-50 pips even on the 4hr. I generally exit at 10-15 pips to keep my profit and I'll re-enter when it turns back. If it happens when I'M SLEEPING... SO WHAT ... I never know about it... S/L at last HH or LL. It turns out in my favor most of the time. I lose about 2 trades out of 14-16 trades. I can live with that. I choose my trades carefully making sure they meet the entry rules spot on... and pass on the iffy ones and go hunt other charts.

Even people trading Silver with our method are winning big time.

It's simple and straight forward so let's keep it that way please. I want you to win big time..
"
Anyone in this thread has achieved the above and maintained that for at least 12 consecutive months?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,150
  • Apr 21, 2021 4:19am Apr 21, 2021 4:19am
Quoting emmanuel7788
{quote} Hi There was a H4 setup during London session and if Big E was trading, he would have scalp the 4hr the way he used to. If you follow the best TMS traders like LE1 and X-Man, and their threads link below ... Price Action is king. Notice how the price 'stopped' at the H4 10EMA and also the time of the day when the market liquidity drop after London markets closed. Nothing much happens after Monday' big candle. Don't expect a reversal but only...
X-Man's Daily SHI and EMA60 channel for H4. What do you think of these 2 additional indicators for your decision to enter. Emm?
  • #118,151
  • Apr 21, 2021 10:20am Apr 21, 2021 10:20am
Stop looking for holy grail indicator, Try to improve your BS trading system to winning trading system by increasing RR.
I risk 200 point for 500 point. It is 2.5RR.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.png Size: 43 KB
MA provides the market's current direction and strength.
  • #118,152
  • Apr 21, 2021 10:25am Apr 21, 2021 10:25am
Quoting emmanuel7788
{quote} Hi You know that is a TMA band. But in this thread, I have not seen anyone use TMA band with TMS 5-Method and made money. I know some TMS traders use the Manning Stoller' Starc band based on market price volatility for their TMS swing trading system. Anyway, there are lots of strategies using TMA band, here: TMA Bands MTF Forex Trading System - Forex Strategies - Forex Resources - Forex Trading-free forex trading signals and FX Forecast (forexstrategiesresources.com)...
TMA repaint that is a problem. I don't like it. many people do.
MA provides the market's current direction and strength.
  • #118,153
  • Apr 22, 2021 2:13am Apr 22, 2021 2:13am
Quoting mistdraw28
{quote} X-Man's Daily SHI and EMA60 channel for H4. What do you think of these 2 additional indicators for your decision to enter. Emm?
We used the SHI channel when we trade X-Man' 4H swing trading. Follow his rules in his thread to filter the H4 setups when you are not trading Big E 4hr 10PM, 2AM and 6Am candles. You will pick some good 4H Swing trades and can ride the trend swings.
Post#15

Post#16


Examples below:

EURUSD H4 rising channel we look for buy.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD APR22 H4 SHI channel 22-4-2021 3-07-23 pm.png Size: 51 KB


USDCAD falling channel after yesterday BOC kept rate unchanged.

- rather wide range with that BOC candle high-low

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Apr22 H4 SHI channel 22-4-2021 3-06-49 pm.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,154
  • Apr 22, 2021 2:22am Apr 22, 2021 2:22am
Quoting hasib
{quote} TMA repaint that is a problem. I don't like it. many people do.
yes, TMA is repainting therefore traders do not use that to study old charts. Use TMA only in real-time live market and look at the TMA channel high-low with price action live plus other technical analysis.

<>
TMA centered recalculates/repaints. That makes all the analysis that is taking the past "signals" into consideration wrong, since they did not happen there and then, but much later. All those should be followed in run-time live testing and all will be clear what exactly is happening and why "signals" that look so good on historical data on recalculating/repainting indicators can not be used as signals
<>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,155
  • Apr 22, 2021 2:24am Apr 22, 2021 2:24am
Quoting mistdraw28
{quote} X-Man's Daily SHI and EMA60 channel for H4. What do you think of these 2 additional indicators for your decision to enter. Emm?

Another example:

GBPUSD after Monday' big bullish move, the SHI channel has changed to a rising channel.

- note how wide the channel width is.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Apr22 H4 SHi channel 22-4-2021 3-18-41 pm.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,156
  • Apr 22, 2021 2:28am Apr 22, 2021 2:28am
X-Man, did he use SHI in the D1 timeframe? Your channel is H4. So in your experience, should I adjust my SHI channel according to D1 or H4 is the best, brother Emmanuel7788?
  • #118,157
  • Apr 22, 2021 2:38am Apr 22, 2021 2:38am
Quoting mistdraw28
X-Man, did he use SHI in the D1 timeframe? Your channel is H4. So in your experience, should I adjust my SHI channel according to D1 or H4 is the best, brother Emmanuel7788?
During X-Man trading days, very few traders trade the Daily. Most were day traders trading H1.

If you want to trade the Daily, I suggest you manually draw the channels by following Jeffrey Kennedy channeling technique.

https://www.forexfactory.com/thread/...86#post7301286

https://www.forexfactory.com/thread/...82#post6662582
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,158
  • Apr 22, 2021 6:09pm Apr 22, 2021 6:09pm
Quoting mistdraw28
X-Man, did he use SHI in the D1 timeframe? Your channel is H4. So in your experience, should I adjust my SHI channel according to D1 or H4 is the best, brother Emmanuel7788?
Yesterday was a good example of the SHI channel on Daily and H1 ,

Daily

Attached Image (click to enlarge)
Click to Enlarge Name: GU Apr22 D1 SHI channel 23-4-2021 7-05-06 am.png Size: 49 KB


H1

trade setup first touch of the SHI upper channel

Attached Image (click to enlarge)
Click to Enlarge Name: GU H1 22-4-2021 5-38-50 pm.png Size: 53 KB

then the result :




Attached Image (click to enlarge)
Click to Enlarge Name: GU Apr22 H1 SHI channel 23-4-2021 7-05-56 am.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,159
  • Apr 22, 2021 6:33pm Apr 22, 2021 6:33pm
Quoting emmanuel7788
{quote} Another example: GBPUSD after Monday' big bullish move, the SHI channel has changed to a rising channel. - note how wide the channel width is.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Apr22 H4 SHi channel 22-4-2021 3-18-41 pm.png Size: 50 KB



{image}

GU Apr23 SHI channel example

- the SHI is very wide range and yesterday we saw a sell within that wide rising channel

- we must 'remember this channel low and also the intermediate support and resistance within the channel upper and lower limits.

- Note*, this SHI channel is dynamic and it will update when the price action make new swings high and low

Attached Image (click to enlarge)
Click to Enlarge Name: GU Apr23 SHI intact 23-4-2021 7-27-52 am.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,160
  • Apr 22, 2021 6:42pm Apr 22, 2021 6:42pm
When using the SHI channel you must know that when the price breaks channel limits, pay attention to the market for the possible change in the market type conditions and also possible 'reversal' or correction.

Example EURAUD H4 Apr22,
- price reached the SHI upper channel and broke high twice
- the current SHI channel remains intact (no update yet), so we must wait for the next few candles to see the change in market type conditions.

- when using the SHI channel, you must know its behaviuour.
- Do Not use its singly, by itself. Use it with other technical analysis approach and to identify the market' 'support&resistance' on the timeframes you trade with.
Look left to see the previous price action PPA where the most recent major price swing highs and swing lows were.

- there is no holy grail indicator.

Attached Image (click to enlarge)
Click to Enlarge Name: EA Apr23 SHI touches 23-4-2021 7-36-52 am.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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