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Trading Made Simple

  • #138,901
  • Mar 26, 2023 7:47pm Mar 26, 2023 7:47pm
AUDUSD Mar27

- keep it simple : follow Post#647 Price Action

- Weekly and Daily PA below 10EMA and below 50EMA

- a H1 swing high True REVERSAL will do the job for me

- a H4 BEEOB will also do the job for me

> whichever happens first

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Mar27 m15 27-3-2023 8-44-45 am.png Size: 30 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,902
  • Mar 26, 2023 9:22pm Mar 26, 2023 9:22pm
Emm, Thanks a lot. As ever, you been helpful.
But my question remains unanswered. When do I consider AJ to have changed its trend from down to up? If D 200 ema is the criteria, its huge 400 pips from present price.
As of now, I'm waiting for a bullish rotation on 4h 10 ema to go long as next R is 87.85 in my charts (D lines as you advice), about 80/90 pips.
TIA
A M S
  • #138,903
  • Mar 27, 2023 1:57am Mar 27, 2023 1:57am
AJ trade.
Waited for AJ to make bullish rotation on 15m 200 ema, waited for price to re test 200 ema and went long.
Target 40 pips, below D R.
Is this right Emm?
Attached Image (click to enlarge)
Click to Enlarge Name: Hantec Markets Ltd MetaTrader 4 Terminal.png Size: 20 KB
A M S
  • #138,904
  • Mar 27, 2023 4:15am Mar 27, 2023 4:15am
Quoting korosh1350
{quote} hi emmanuel which one is master candle 1 or 2 ? {image}
GU Mar27 H4 master Candle breakout London 10am

- you decide

Attached Image (click to enlarge)
Click to Enlarge Name: GU Mar27 H4 setup MC breakout 27-3-2023 5-06-03 pm.png Size: 32 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GU Mar27 MC breakout 27-3-2023 5-14-32 pm.png Size: 21 KB






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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,905
  • Mar 27, 2023 6:25pm Mar 27, 2023 6:25pm
Quoting emmanuel7788
{quote} GU Mar27 H4 master Candle breakout London 10am - you decide {image} {image} ...
GU Mar27 Master Candle consolidation breakout trade closed

- Post#647 ... price was in consolidation within the big candle high-low (Master Candle)

- DO Not trade when price is in consolidation... > that is a simple rule!

- trade the breakout of the consolidation range high-low and follow the Daily and Weekly price action ... > another simple rule!

- Master Candle breakout has a high winning statistical edge after more than 5,000 trades... easy decision !

- time-out! exit ...missed my target BRN 1.2300 so I manually close the trade


Attached Image (click to enlarge)
Click to Enlarge Name: GU Mar27 Master Candle breakout trade 28-3-2023 7-10-20 am.png Size: 34 KB





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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,906
  • Mar 27, 2023 6:51pm Mar 27, 2023 6:51pm
Quoting PutaniBitali
AJ trade. Waited for AJ to make bullish rotation on 15m 200 ema, waited for price to re test 200 ema and went long. Target 40 pips, below D R. Is this right Emm? {image}
You wanna trade m15, then LE1 aka Arjun is the best.

Follow simple rules:

Attached Image (click to enlarge)
Click to Enlarge Name: Doing It Right.png Size: 146 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Arjun LE1 #2985.png Size: 18 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,907
  • Mar 27, 2023 7:06pm Mar 27, 2023 7:06pm
Quoting emmanuel7788
{quote} You wanna trade m15, then LE1 aka Arjun is the best. Follow simple rules: {image} {image} ...
AJ Mar28 -quick top down analysis review -

- anything can happen everyday

- market can hit BRN 88.00 if that someone in Tokyo says it today


Attached Image (click to enlarge)
Click to Enlarge Name: AJ M15 with Post#647 TDA 28-3-2023 7-55-39 am.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,908
  • Mar 27, 2023 7:26pm Mar 27, 2023 7:26pm
Quoting PutaniBitali
...///But my question remains unanswered. When do I consider AJ to have changed its trend from down to up?
AJ Weekly is still in 'control' with last week's candle closed.
See Weekly Big Picture... there is the WCC ...
This wont change until we see this week' candle closed, then we have the next new month to consider.

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Mar28 Big Picture Weekly WCC 28-3-2023 8-14-42 am.png Size: 21 KB




Quoting PutaniBitali
If D 200 ema is the criteria, its huge 400 pips from present price.
Yes, you are right. The Daily 200EMA is rather far away. But we trade it slow and simple with TMS' 5EMA, Typical price , Shift+2 as the direction of the Price Action with the APB/HA candles.
At the moment, Daily is within the High-Low of that WCC and the 5MAs still show the direction... until I see the 5LWMA and 5EMA changes in direction with the Price Action.
To trade buy on the Daily I want to see a 'strong reversal' setup and I don't see it happening within the WCC High-Low, unless of course the WCC get broken 'up' next week..

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Daily with TMS MAs 28-3-2023 8-18-16 am.png Size: 24 KB



Quoting PutaniBitali
As of now, I'm waiting for a bullish rotation on 4h 10 ema to go long as next R is 87.85 in my charts (D lines as you advice), about 80/90 pips. TIA
Simple rule: with that WCC High-Low in view, we can simply trade the short-term 4H Swing.
Trade both ways TBW if you can be very nimble with entry and exits, and look for opportunity to run trade into the Daily/Weekly swing.... that where the 5% to 12R trades are.

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Mar28 4H swing pipware 28-3-2023 8-23-32 am.png Size: 38 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,909
  • Mar 27, 2023 7:37pm Mar 27, 2023 7:37pm
Quoting emmanuel7788
{quote} AJ Weekly is still in 'control' with last week's candle closed. See Weekly Big Picture... there is the WCC ... This wont change until we see this week' candle closed, then we have the next new month to consider. {image} {quote} Yes, you are right. The Daily 200EMA is rather far away. But we trade it slow and simple with TMS' 5EMA, Typical price , Shift+2 as the direction of the Price Action with the APB/HA candles. At the moment, Daily is within the High-Low of that WCC and the 5MAs still show the direction... until I see the 5LWMA and 5EMA...
AJ 2023 Weekly Control Candles:

- with WCC we can trade the 4H swing until we run into a breakout ... that's is where we run 5R to 12R trades.

* WCC are not the same as Master Candles which we see in lower timeframes like the Daily, H4, H1, etc.

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Weekly Control Candles 28-3-2023 8-33-40 am.png Size: 22 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,910
  • Mar 27, 2023 7:56pm Mar 27, 2023 7:56pm
UJ tumbles as Kishida speaks ...

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Mar28 tumbles as PM speaks 28-3-2023 8-54-16 am.png Size: 23 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,911
  • Mar 28, 2023 1:22am Mar 28, 2023 1:22am
Mar28 Frankfurt Open

Attached Image (click to enlarge)
Click to Enlarge Name: EU Mar28 H1 at FO 28-3-2023 2-20-48 pm.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,912
  • Mar 28, 2023 1:54am Mar 28, 2023 1:54am
Looking good for the London Open ...

Attached Image (click to enlarge)
Click to Enlarge Name: EG Mar28 FO m15 closing soon 28-3-2023 2-53-12 pm.png Size: 25 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,913
  • Mar 28, 2023 2:00am Mar 28, 2023 2:00am
Dear Emm,
I asked for a spoon of advice and you gave a lake. THANKS. I'm trying not just to read but decipher all your wisdom and advice. Its a tough and slow process, I understand.
I'm waiting for AJ to close above YH to go long for about 20 pips profit, just below 1h 200 ema.
Thanks for all your guidance.
A M S
  • #138,914
  • Mar 28, 2023 2:41am Mar 28, 2023 2:41am
Good price action on NDXm, took 1/2 profit
Attached Image (click to enlarge)
Click to Enlarge Name: ndx 28 march 23.png Size: 77 KB
  • #138,915
  • Edited 11:32am Mar 28, 2023 9:47am | Edited 11:32am
Dear Emm,
I got a fundamental question about trading cross pairs.
Say for EJ to go up, the way I understand, both EU and UJ should head up. Am I right or wrong?
I have seen both EU and EJ going up / down together, volume, intensity, distance might not be the same.
Whenever a $ news comes, if its bad number for $, EU will go up but UJ will come down. In this kind of scenario, how to trade EJ?
TIA
A M S
  • #138,916
  • Mar 28, 2023 6:42pm Mar 28, 2023 6:42pm
Quoting PutaniBitali
Dear Emm, I got a fundamental question about trading cross pairs. Say for EJ to go up, the way I understand, both EU and UJ should head up. Am I right or wrong? I have seen both EU and EJ going up / down together, volume, intensity, distance might not be the same. Whenever a $ news comes, if its bad number for $, EU will go up but UJ will come down. In this kind of scenario, how to trade EJ? TIA
there is no right or wrong about currency pairs correlation, some traders swear by it others simply don't care.

when day trading on lower timeframes the intraday volatility is more crucial due to the day' news and economic data events.

however position traders will look at the medium to longer term correlation and make their trade decisions.

you mentioned EU, EJ and UJ here is an example:

Daily EU/EJ/UJ

Attached Image (click to enlarge)
Click to Enlarge Name: EU EJ UJ chart overlay 29-3-2023 7-27-32 am.png Size: 34 KB


What about EURUSD, GBPUSD and EURGBP?

Attached Image (click to enlarge)
Click to Enlarge Name: EU EG GU 29-3-2023 7-40-18 am.png Size: 34 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,917
  • Mar 28, 2023 6:48pm Mar 28, 2023 6:48pm
Quoting BlueBull
Good price action on NDXm, took 1/2 profit {image}


H1 price action is sideways choppy and you make money in M5

5-Method works in all timeframes
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,918
  • Mar 28, 2023 7:04pm Mar 28, 2023 7:04pm
Quoting emmanuel7788
{quote} AJ Mar28 -quick top down analysis review - - anything can happen everyday - market can hit BRN 88.00 if that someone in Tokyo says it today {image}
Attached Image (click to enlarge)
Click to Enlarge Name: AJ M15 with Post#647 TDA 28-3-2023 7-55-39 am.png Size: 42 KB
>>> watch the 800EMA ... it has moved ! ... it is catching up with the price !

> but that BRN 88.00 still there for take profit !

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Mar28 M15 update #647 29-3-2023 7-58-27 am.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,919
  • Mar 29, 2023 12:51am Mar 29, 2023 12:51am
March 29 ... Waiting for London Open

> BRN 8800


Attached Image (click to enlarge)
Click to Enlarge Name: EG Mar29 M15 waiting for LO 29-3-2023 1-48-15 pm.png Size: 29 KB



..,
Attached Image (click to enlarge)
Click to Enlarge Name: Arjun LE1 #2985.png Size: 18 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,920
  • Mar 29, 2023 2:03am Mar 29, 2023 2:03am
Quoting emmanuel7788
March 29 ... Waiting for London Open > BRN 8800 {image} .., {image} ...
EG Mar 29 Frankfurt Open hour

- m15 swing high with IB breakout

- missed this but that's okay because I am waiting for London Open

Attached Image (click to enlarge)
Click to Enlarge Name: EG Mar29 M15 swing high IB BO 29-3-2023 2-59-52 pm.png Size: 28 KB




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