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Trading Made Simple

  • #128,481
  • Nov 27, 2021 7:51pm Nov 27, 2021 7:51pm
EURUSD Nov 26 New York Close

Weekly

- we see the WCC Week46 high -low

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Weekly NYC Nov26 28-11-2021 9-46-54 am.png Size: 37 KB


H4

- we can trade the WCC sideways market type

- WCC low is support and see if we can make some money with H4 buy and target the 200EMA and WCC high above current PA.

- but be prepared for a turn-around anytime during the week and market can break the WCC low

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 Nov26 NYC 200EMA WCC 28-11-2021 9-47-31 am.png Size: 53 KB


> watch the price on Daily when it fails to move above and close above its PAC high and then what happens...

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,482
  • Edited 8:40pm Nov 27, 2021 8:08pm | Edited 8:40pm
Quoting emmanuel7788
Trading Made Simple 5-Method back to the very basics using the Price Action Channel PAC aka "yellow brick road" For those who have been struggling for years and still unable to make consistent profits. This week I decided to go back to the basics how Big E started in his old thread trading with Synergy' PAC. Trades Closed Nov 22 to 26 - Only take trade setups when the Weekly is below its 5EMA ( H4 200EMA) - Only take trade setups when the Daily is below its 5EMA (H4 50EMA) - Trade the H4 HA price action when the candle closed above the PAC for buy...

EU Week 47 Nov 22 to 26

- one trade hit SL -50pips -USD260.

- should have close that trade when the HA candle closed inside the PAC but I was not checking every 4-hour and I had removed my trade manage EA (mistake!)

- If I have TV CaveManager running, it would have closed that last trade with Capital Protection when price reverses after 25 pips after making a lower low.

Attached Image (click to enlarge)
Click to Enlarge Name: EU Week46 trades closed 28-11-2021 10-03-33 am.png Size: 55 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,483
  • Nov 28, 2021 6:21pm Nov 28, 2021 6:21pm
AUDUSD Nov29 H4

- price action is below its PAC 5SSMA Hi-Lo, below 50EMA and below 200EMA ... the "flow"

- do you want to trade against the "flow'

- yes, it is possible and take into consideration the 'resistance' above current price ... the RN and BRN, the PAC Hi-Lo, the 50EMA, 200EMA,...

- manage risks!

* the 5-Method works in all timeframes and you need to make your own decision your trading timeframe, your short term and long term timeframes as in Post#647.

> ask yourself, why did Big E trade H4 and H1 and only during his hours.

> also ask yourself, why did big E removed Synergy' PAC 5SSMA Hi-Lo and replaced that with his 5EMA Typical Price, Shift+2 ?

> you can place the 5EMA Typical Price, Shift+2 within the PAC and observe the price action and make your own observations.

- study his posts in his old thread and your will learn many things from his past from what he did and your will learn more.

Attached Image (click to enlarge)
Click to Enlarge Name: AUSUSD Nov29 H4 TOK0912am 29-11-2021 8-12-10 am.png Size: 45 KB



..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,484
  • Edited 12:23pm Nov 29, 2021 7:23am | Edited 12:23pm
Quoting emmanuel7788
{quote} EU Week 47 Nov 22 to 26 - one trade hit SL -50pips -USD260. - should have close that trade when the HA candle closed inside the PAC but I was not checking every 4-hour and I had removed my trade manage EA (mistake!) - If I have TV CaveManager running, it would have closed that last trade with Capital Protection when price reverses after 25 pips after making a lower low. {image} ...
Hi,
Hope you had a good w.e rest :-)
The second trade you made reversed high up in the PAC area with 3 blue bars , right ? You kept it going , any reason for that or did you have a feeling it would continue south ?
  • #128,485
  • Nov 29, 2021 6:37pm Nov 29, 2021 6:37pm
Quoting pipsit
{quote} Hi, Hope you had a good w.e rest :-) The second trade you made reversed high up in the PAC area with 3 blue bars , right ? You kept it going , any reason for that or did you have a feeling it would continue south ?

hi pipsit

I always have my Big Picture plan of every pair when I swing trade.

On my EU Big Picture, there are several MN historical price swing levels.
My trade plan was to sell from level 1.1369 down to level 1.1223. There's a lower level 1.1151 further below....

Big Picture (Daily)

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Nov30 Big Picture post 30-11-2021 8-26-29 am.png Size: 29 KB


H4 PAC chart

on Nov23 open, the setup candle was H4 follow the previous Day Close.
That was a H4 Inside Bar (small Doji) breakout candle during Tokyo session.
SL was 50 pips and with THV CM EA running.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Nov30 rebiew Nov23 trade open 30-11-2021 8-28-04 am.png Size: 54 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,486
  • Nov 29, 2021 7:04pm Nov 29, 2021 7:04pm
Quoting emmanuel7788
{quote} VERY BLACK FRIDAY!!! {image} beware of the shadow! ...

US Markets Nov29

- was a rather choppy day trading

- today is month end and after last Black Friday and the holidays anything can happen as usual

- waiting for the NYSE opening half-hour is a good idea to make some money from the fast moves.

- New York open 8:00am is tricky to trade but at 9:30am is the m30 'big candle'

- after that 9:30am candle, you can trade the next 2 to 3 hours, you just follow a few favourite setups .

> remember , keep it simple.

Attached Image (click to enlarge)
Click to Enlarge Name: US Markets Nov29 choppy H1 30-11-2021 8-56-50 am.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,487
  • Nov 29, 2021 7:07pm Nov 29, 2021 7:07pm
Quoting emmanuel7788
{quote} US Markets Nov29 - was a rather choppy day trading - today is month end and after last Black Friday and the holidays anything can happen as usual - waiting for the NYSE opening half-hour is a good idea to make some money from the fast moves. - New York open 8:00am is tricky to trade but at 9:30am is the m30 'big candle' - after that 9:30am candle, you can trade the next 2 to 3 hours, you just follow a few favourite setups . > remember , keep it simple. {image}

US30 Nov29 trades closed.

- 9 trades, 7 winners, 2 losers

Attached Image (click to enlarge)
Click to Enlarge Name: US30 Nov29 trades closed 30-11-2021 8-52-04 am.png Size: 990 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,488
  • Edited 11:25am Nov 30, 2021 6:02am | Edited 11:25am
Quoting emmanuel7788
{quote} US Markets Nov29 - was a rather choppy day trading - today is month end and after last Black Friday and the holidays anything can happen as usual - waiting for the NYSE opening half-hour is a good idea to make some money from the fast moves. - New York open 8:00am is tricky to trade but at 9:30am is the m30 'big candle' - after that 9:30am candle, you can trade the next 2 to 3 hours, you just follow a few favourite setups . > remember , keep it simple. {image}
Thank You !
Now I have to go through THV EA ,
I start with this post : https://www.forexfactory.com/thread/...impler?page=89
  • #128,489
  • Dec 2, 2021 12:29am Dec 2, 2021 12:29am
Hey emm, are you constantly trading US30 and the cable?
  • #128,490
  • Edited 1:07am Dec 2, 2021 12:56am | Edited 1:07am
the GBPUSD ~ this is how indicators/oscillators with price action are working together to confirm your trade.
40 pips ready to trade with this analysis
see #post
  • #128,491
  • Edited 2:28pm Dec 2, 2021 8:53am | Edited 2:28pm
Hi,

Having gone through various recommended thread , I made my first trades live today , 60 pips with GBPNZD on a 4 H candle ( rr2) , Stress fri TDI system , and 30 pips on DAX mn trading with Big E 233 method (rr3) .1 loss on DAX but overall positiv
Thank you Emmanuel !
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 8 KB
  • #128,492
  • Dec 3, 2021 2:39am Dec 3, 2021 2:39am
which of the two strategies is advantage or disadvantage?
see the difference here @ #post73.
  • #128,493
  • Dec 3, 2021 4:44pm Dec 3, 2021 4:44pm
another sample strategy to compare
with trading with the zone the breakout
see #post 76
  • #128,494
  • Dec 5, 2021 6:54pm Dec 5, 2021 6:54pm
Quoting emmanuel7788
{quote} US Markets Nov29 - was a rather choppy day trading - today is month end and after last Black Friday and the holidays anything can happen as usual - waiting for the NYSE opening half-hour is a good idea to make some money from the fast moves. - New York open 8:00am is tricky to trade but at 9:30am is the m30 'big candle' - after that 9:30am candle, you can trade the next 2 to 3 hours, you just follow a few favourite setups . > remember , keep it simple. {image}

US Markets Week48 Dec03 Close

- consecutive bear weeks and bulls pushed back a little,

- how far can the bulls further push the bears this week? outlook does not look good with the mutated Omicron

when trading today and rest of the week:

- take very short-term day trade scalps - jump in and out fast

> as usual be careful when New York 9am open and watch the Chicago(+1) 9:30am

Attached Image (click to enlarge)
Click to Enlarge Name: US Markets Dec06 Openeing 6-12-2021 8-44-19 am.png Size: 51 KB





...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,495
  • Dec 5, 2021 6:59pm Dec 5, 2021 6:59pm
Quoting pipsit
Hi, Having gone through various recommended thread , I made my first trades live today , 60 pips with GBPNZD on a 4 H candle ( rr2) , Stress fri TDI system , and 30 pips on DAX mn trading with Big E 233 method (rr3) .1 loss on DAX but overall positiv Thank you Emmanuel ! {image}{image}

very safe trading when the price and its HA candles are above or below its 5EMA Typical Price,Shift+2.

that's simple enough and you need know when to avoid the small HA candles with small bodies and also avoid those extreme big price bars/HA candles.

when scalping indices like DAX, be prepared to cut loss very fast at certain market times. it is important to observe its price behaviour every day and around calendar events.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,496
  • Dec 5, 2021 7:02pm Dec 5, 2021 7:02pm
Quoting PixelSniper
Hey emm, are you constantly trading US30 and the cable?

Yes, I trades several market Indices in addition to the usual currency pairs.

US30 is just one which I love to scalp daily at anytime of the day and it help me achieve my daily $$$ goals quicker than the forex pairs.
when scalping , I am in and out of a trade within less than one hour and I dont have to sit in fron of my PC of handphone for hours.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,497
  • Dec 5, 2021 7:14pm Dec 5, 2021 7:14pm
GBPUSD Dec06 H4

- visually it is obvious to follow the 'Flow' of the price action and its PAC aka 'yellow brick road'

- it is about entries and exits,
> where do you place your initial Stop Loss and do Position Sizing for every trade,
> when do you move your SL to Protective Stop PS?
> when do you exit and take some profit ?
> when do you re-invest your profits and grow your account?
> etc. etc. etc.

Attached Image (click to enlarge)
Click to Enlarge Name: GU Dec06 H4 TOK10am 6-12-2021 9-08-05 am.png Size: 51 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,498
  • Dec 5, 2021 7:17pm Dec 5, 2021 7:17pm
Quoting emmanuel7788
GBPUSD Dec06 H4 - visually it is obvious to follow the 'Flow' of the price action and its PAC aka 'yellow brick road' - it is about entries and exits, > where do you place your initial Stop Loss and do Position Sizing for every trade, > when do you move your SL to Protective Stop PS? > when do you exit and take some profit ? > when do you re-invest your profits and grow your account? > etc. etc. etc. {image} ...
these pair are also clean and obvious:

AUDUSD H4

Attached Image (click to enlarge)
Click to Enlarge Name: AU Dec06 H5 TOK1015am 6-12-2021 9-15-08 am.png Size: 50 KB


USDCAD H4

Attached Image (click to enlarge)
Click to Enlarge Name: UCad Dec06 H4 TOK 1015am 6-12-2021 9-15-38 am.png Size: 51 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,499
  • Dec 5, 2021 7:21pm Dec 5, 2021 7:21pm
Quoting emmanuel7788
{quote} these pair are also clean and obvious: AUDUSD H4 {image} USDCAD H4 {image} ...

EU Dec06 H4

- this pair is a bit tricky with Weekly sideways and undecide at 1.13000

- and if I have to pick a direction bias, I follow USD Index and be on the safe side.


Attached Image (click to enlarge)
Click to Enlarge Name: EU Dec06 H4 TOK1018 am 6-12-2021 9-17-46 am.png Size: 49 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,500
  • Dec 5, 2021 7:42pm Dec 5, 2021 7:42pm
Quoting emmanuel7788
{quote} EU Dec06 H4 - this pair is a bit tricky with Weekly sideways and undecide at 1.13000 - and if I have to pick a direction bias, I follow USD Index and be on the safe side. {image} ...

EU Dec06 H1 Tokyo 1040am

- H1 price below PAC,

- H4 not 'ready'

- do you sell H1 now or wait for London open today?

> H4 and Daily still within their PAC high low

Attached Image (click to enlarge)
Click to Enlarge Name: EU Dec06 PAC TF compare 6-12-2021 9-38-18 am.png Size: 45 KB



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