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Trading Made Simple

  • #138,541
  • Mar 9, 2023 6:49pm Mar 9, 2023 6:49pm
Quoting emmanuel7788
AJ Mar10 Tokyo 9:38am > wait 22 minutes to confirm a Price Action BEEOB setup {image} > or you can simply sell @89.50 SL 99.00 and TP 89.00 > use risk R = 50pips and do Position Size. ...

AJ Mar10 ADR exits

- whichever you have more confidence

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Mar10 ADR exits 10-3-2023 8-47-49 am.png Size: 24 KB



> I prefer my TMS-II entries and exits




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,542
  • Mar 9, 2023 11:58pm Mar 9, 2023 11:58pm
Quoting eelfranz
I hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry. I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.... {file}

in 5 minutes we have a new 4hr trade window ...

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its really Trading Made Simple but not on Fridays like today ... ***NFP***
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,543
  • Mar 10, 2023 12:02am Mar 10, 2023 12:02am
Quoting emmanuel7788
{quote} in 5 minutes we have a new 4hr trade window ... {image} its really Trading Made Simple but not on Fridays like today ... ***NFP***
USDCHF Mar10 pre-FO

one H4 candle is not enough to reverse the market,

Attached Image (click to enlarge)
Click to Enlarge Name: Uchf Mar10 M5 w H4 10-3-2023 2-00-45 pm.png Size: 25 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,544
  • Mar 10, 2023 3:14am Mar 10, 2023 3:14am
Quoting emmanuel7788
{quote} AJ Mar10 ADR exits - whichever you have more confidence {image} > I prefer my TMS-II entries and exits ...
This morning' trades closed.... just before the BoJ Rate Policy Statement

Using THV CaveManager Expert advisor to manage the TMS-II trade exits.

First entry was stopped out and did a re-entry.


Attached Image (click to enlarge)
Click to Enlarge Name: AJ Mar 10 trades closed 10-3-2023 1-06-30 pm.png Size: 21 KB



Attached Image (click to enlarge)
Click to Enlarge Name: AJ Mar10 trades statement 10-3-2023 1-10-01 pm.png Size: 147 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,545
  • Mar 10, 2023 3:33am Mar 10, 2023 3:33am
AJ Mar10 M30 London 9:30AM

- follow H4 price action


Attached Image (click to enlarge)
Click to Enlarge Name: Aj Mar10 M30 H4 BUEOB 10-3-2023 5-32-07 pm.png Size: 27 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,546
  • Mar 10, 2023 5:46am Mar 10, 2023 5:46am
What a pretty sight around 90 mins after kicking these demo trades off, all but one straight into good profit with the exception of the big profit trade which has carried over for 4 (4H) candles from yesterday and is still going strong running on MT5s integrated trailing stop function. What a brilliant stategy, thank you Emmanuel .

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  • #138,547
  • Mar 10, 2023 8:25am Mar 10, 2023 8:25am
buy eur/cad late

Attached Image (click to enlarge)
Click to Enlarge Name: 2023-03-10 15_23_56-EURCAD 1.46702 â–² +0.32% Anonyme.png Size: 51 KB
  • #138,548
  • Mar 10, 2023 9:18am Mar 10, 2023 9:18am
buy eurchf

Attached Image (click to enlarge)
Click to Enlarge Name: 2023-03-10 16_17_31-EURCHF 0.98134 ▼ −0.46% Anonyme.png Size: 52 KB
  • #138,549
  • Mar 10, 2023 9:38am Mar 10, 2023 9:38am
Quoting thomi
acheter eurchf {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 2023-03-10 16_36_04-EURCHF 0.98229 ▼ −0.36% Anonyme.png Size: 51 KB
  • #138,550
  • Mar 10, 2023 11:31am Mar 10, 2023 11:31am
Quoting thomi
{quote} {image}
Stop be
  • #138,551
  • Mar 10, 2023 2:02pm Mar 10, 2023 2:02pm
Quoting emmanuel7788
{quote} in 5 minutes we have a new 4hr trade window ... {image} its really Trading Made Simple but not on Fridays like today ... ***NFP***
"in 5 minutes we have a new 4hr trade window ..."

This must be the most informative post since forexfactory interception.

Vincent, is the urge to post really that bad?
  • #138,552
  • Mar 10, 2023 5:41pm Mar 10, 2023 5:41pm
Quoting Tekkies
{quote} "in 5 minutes we have a new 4hr trade window ..." This must be the most informative post since forexfactory interception. Vincent, is the urge to post really that bad?
hey @Tekkies

good to read your post after several days of silence.
how is your trading this week?

yes, my post was made 5 mins before Big E' 4hr trading hour i.e. Pacific 10PM and that his first 4H candle trading for the day BUT since it was a Friday and with NFP at EST 8:30AM, he did not trade the 4H on Fridays. That is one way he avoided big losses when the market turn against his 10PM and 2AM candles. He would only trade the H1 for first 3hours during the New York session.
Big E also did not trade the 4H candles on Sundays when New York Open at 5PM EST.

It is a good reminder for trades like you who do not pay attention to what Big E has posted in this thread.

Your HotForex account should serve as reminder why you should cut you positions and not experience that minus 93.1% drawdown holding on to open positions when there is tier one news/data release.


Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,553
  • Mar 10, 2023 6:08pm Mar 10, 2023 6:08pm
Quoting thomi
buy eur/cad late {image}


your RSI price line is above the trade signal line and above the yellow MBL is good ... CONSERVATIVE but still GOOD, then you trade the Price Action + Supp/Res.
when you follow the short term and long term trends - Daily and Weekly

> did you see the Weekly potential for a breakout above the WCC High.

Attached Image (click to enlarge)
Click to Enlarge Name: EurCad Mar10 POMO Post#647 trend 11-3-2023 7-59-05 am.png Size: 31 KB





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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,554
  • Mar 10, 2023 6:51pm Mar 10, 2023 6:51pm
Quoting Tekkies
{quote} "in 5 minutes we have a new 4hr trade window ..." This must be the most informative post since forexfactory interception. Vincent, is the urge to post really that bad?
@Tekkies

You missed one important puzzle piece #7622

> some days he did not trade the 4Hr like yesterday because of NFP

>> you must validate what he posted with your own experience and learn why



Attached Image (click to enlarge)
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> how many pieces are there in Big E' Puzzle?

> hint: {link}

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,555
  • Mar 10, 2023 6:55pm Mar 10, 2023 6:55pm
[quote=emmanuel7788;14356503]{quote} votre ligne de prix RSI est au-dessus de la ligne de signal commercial et au-dessus du MBL jaune est bon ... CONSERVATEUR mais toujours BON, alors vous négociez l'action des prix + Supp/Res. lorsque vous suivez les tendances à court et à long terme - quotidiennes et hebdomadaires > avez-vous vu le potentiel hebdomadaire d'une cassure au-dessus du sommet du COE. {image} ...[/citation]

yes Target 1,51410
  • #138,556
  • Mar 10, 2023 7:05pm Mar 10, 2023 7:05pm
Quoting thomi
{quote} Stop be

- do you have a Plan B trade after being stopped out?

- If Plan A is to scalp against the HTF like the 4H and Daily, Weekly is sideways market type conditions

- note what Phx62 said about buying and selling in the same trading day

- then I always have a Plan A and a Plan B, and also a Plan C

- the Daily Stoch is between 80 and 20 levels ... the price swings!


POMO below:

Attached Image (click to enlarge)
Click to Enlarge Name: EurChf Mar10 POMO pipware 11-3-2023 8-57-57 am.png Size: 39 KB



...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,557
  • Mar 10, 2023 7:13pm Mar 10, 2023 7:13pm
[quote=thomi;14356514]
Quoting emmanuel7788
{quote} votre ligne de prix RSI est au-dessus de la ligne de signal commercial et au-dessus du MBL jaune est bon ... CONSERVATEUR mais toujours BON, alors vous négociez l'action des prix + Supp/Res. lorsque vous suivez les tendances à court et à long terme - quotidiennes et hebdomadaires > avez-vous vu le potentiel hebdomadaire d'une cassure au-dessus du sommet du COE. {image} ...[/citation] yes Target 1,51410
it has other levels to play next week

but first it must break this week' high which is significant

it is quite clear for me when I swing trade 4H buy next week, I know my risk 'R' for Position Sizing and also where I must Cut-Loss when the market decide otherwise.


Attached Image (click to enlarge)
Click to Enlarge Name: EurCad Mar10 NYClose Weekly 11-3-2023 9-08-36 am.png Size: 17 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,558
  • Mar 11, 2023 12:02am Mar 11, 2023 12:02am
Quoting Tekkies
{quote} "in 5 minutes we have a new 4hr trade window ..." This must be the most informative post since forexfactory interception. Vincent, is the urge to post really that bad?
hey @Tekkies

its Tokyo 3pm and ... the rest you can read for yourself ... this will change on Monday

note the red second hand is between 12 -2

Attached Image (click to enlarge)
Click to Enlarge Name: Clock Mat10 Tokyo 3PM.png Size: 35 KB





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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,559
  • Mar 11, 2023 1:46am Mar 11, 2023 1:46am
Quoting emmanuel7788
{quote} hey @Tekkies its Tokyo 3pm and ... the rest you can read for yourself ... this will change on Monday note the red second hand is between 12 -2 {image} ...
hi emmanuel i think its really important to use tms exactly the way big e did i dont use HA candles but i think it a mistake , are you agree ?
  • #138,560
  • Mar 11, 2023 2:03am Mar 11, 2023 2:03am
Quoting korosh1350
{quote} hi emmanuel i think its really important to use tms exactly the way big e did i dont use HA candles but i think it a mistake , are you agree ?
You can start with TMS 5-Method when you are an intermediate+ level trader. However, if you are a newbie trader with say less than 5 years actively trading the market it is unlikely you will succeed in very short time like 1 to 2 years.

And some point in time in the future you can follow what Big E #2617 did and spend two years ... to do what?
Did he say strip the HA candles and 5EMA from his charts?
Attached Image (click to enlarge)
Click to Enlarge Name: Big E #2617.png Size: 45 KB


I spent years to learn Price Action trading and I came to the conclusion that you do not need any TDI for trade entry and exit decisions.


Advice For Traders Who Aren't Profitable Yet >>> { here}

and { here}
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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