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Trading Made Simple

  • #138,981
  • Apr 4, 2023 2:12am Apr 4, 2023 2:12am
Quoting emmanuel7788
USDCHF Apr04 at Frankfurt Open - buy or sell ... obvious right? {image} {image} ...
USDCHF Apr04 trade update:

- I jumped in during the Frankfurt Open hour which is the active 4hr trade window Pacific 10PM

- TMS-II exit TP1 +10 pips and move to CSTSL quickly

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Apr04 Trade update TP1 4-4-2023 3-09-18 pm.png Size: 23 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,982
  • Apr 4, 2023 2:50am Apr 4, 2023 2:50am
GBPUSD Apr04 TMS-II trades

- easy trade as the Frankfurt Open candle broke the recent highs and m15 Inside Bar setup

- entry on the London Open

- two TMS-II exits +10pips and +25pips

- now manage with CSTSL and CP

Attached Image (click to enlarge)
Click to Enlarge Name: GU Apr04 M15 LO trade 4-4-2023 3-46-39 pm.png Size: 27 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,983
  • Apr 4, 2023 2:55am Apr 4, 2023 2:55am
Quoting emmanuel7788
{quote} USDCHF Apr04 trade update: - I jumped in during the Frankfurt Open hour which is the active 4hr trade window Pacific 10PM - TMS-II exit TP1 +10 pips and move to CSTSL quickly {image}
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Apr04 Trade update TP1 4-4-2023 3-09-18 pm.png Size: 23 KB


...
USDCHF Apr04 trade update :

- TP2 done ! +23pips

- CSTSL moved to previous bar/candle high ...


Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Apr04 M15 trade update TP2 hit 4-4-2023 3-53-18 pm.png Size: 24 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,984
  • Apr 4, 2023 3:04am Apr 4, 2023 3:04am
USDCAD Apr04 London 9am

- we have another hour to the next 4hr Pacific 2AM candle

- sometimes we just have to wait patiently and checking the daily news / events calendar

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Apr04 M15 LO1 4-4-2023 4-01-30 pm.png Size: 31 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,985
  • Apr 4, 2023 3:54am Apr 4, 2023 3:54am
Quoting emmanuel7788
{quote} USDCHF Apr04 trade update : - TP2 done ! +23pips - CSTSL moved to previous bar/candle high ... {image} ... {image}
Emm.

You don't use TDI anymore?

Thx.
  • #138,986
  • Apr 4, 2023 4:13am Apr 4, 2023 4:13am
Quoting KennethYang
{quote} Emm. You don't use TDI anymore? Thx.
I spent years to learn and master the 5-Method and I follow post #2617 and study old charts for the Price Action +Support/Resistance setups where both the Stochastics(8,3,2) and TDI' RSI green price line confirmed the setups which have high winning statistical edge. Since 2018, I dropped the TDI completely.

Big E was right in his posts below:

you can trade without the TDI

#3044Jan 20, 2011

#3103Jan 26, 2011

#3418Feb 12, 2011

#2617May 16, 2011

#296 Nov 4, 2008
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,987
  • Apr 4, 2023 7:52am Apr 4, 2023 7:52am
AUDCAD Apr04 trade taken during the Pacific 2AM 4hr trade window

- price pulled back to the H4 10EMA and bounces off

- PCRF setup

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Apr04 entry PCRF 4-4-2023 8-49-17 pm.png Size: 24 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,988
  • Apr 4, 2023 6:00pm Apr 4, 2023 6:00pm
Quoting emmanuel7788
AUDCAD Apr04 trade taken during the Pacific 2AM 4hr trade window - price pulled back to the H4 10EMA and bounces off - PCRF setup {image} ...
AUDCAD Apr04 Trade closed

- TP1 +10pips

- TP2 CSTSL stopped out +12pips

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Apr04 trades closed 4-4-2023 9-35-51 pm.png Size: 21 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,989
  • Edited 6:20pm Apr 4, 2023 6:07pm | Edited 6:20pm
Quoting emmanuel7788
{quote} USDCHF Apr04 trade update : - TP2 done ! +23pips - CSTSL moved to previous bar/candle high ... {image} ... {image}
For those who trade the US session,

did you missed this TMS SE/SE 3R trade?

Attached Image (click to enlarge)
Click to Enlarge Name: UChf Apr04 3R trade example 5-4-2023 6-40-53 am.png Size: 37 KB


SE/SE = Single Entry / Single Exit


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,990
  • Apr 4, 2023 6:37pm Apr 4, 2023 6:37pm
Apr05 RBNZ Cash Rate in about 3 hours:

Attached Image (click to enlarge)
Click to Enlarge Name: RBNZ Apr05 Cash Rate 5-4-2023 7-23-03 am.png Size: 9 KB



For those TMS lovers with Stochastics and TDI, here is my multi-charts view:

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Apr05 RBNZ day 5-4-2023 7-25-10 am.png Size: 40 KB



and my Daily Big Picture 2023:
- I know the historical price swing levels which I use for my targets,
> anything can happen today...
> in the worst case, you have your initial Stop Loss ... your risk "R" which you use for your trade Position Sizing
> when you risk say, 3% of your margin deposit, your maximum loss is still that same 3%, or
> when you risk say $500 in your margin deposit, your maximum loss is still that same $500.

>>> whichever way, you do not lose more than your risk "R".
>>> you want to think of +5R to +12R profits trades.


Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Apr05 Daily Big Picture 5-4-2023 7-28-24 am.png Size: 18 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,991
  • Apr 4, 2023 6:45pm Apr 4, 2023 6:45pm
Quoting emmanuel7788
Apr05 RBNZ Cash Rate in about 3 hours: {image} For those TMS lovers with Stochastics and TDI, here is my multi-charts view: {image} and my Daily Big Picture 2023: - I know the historical price swing levels which I use for my targets, > anything can happen today... > in the worst case, you have your initial Stop Loss ... your risk "R" which you use for your trade Position Sizing > when you risk say, 3% of your margin deposit, your maximum loss is still that same 3%, or > when you risk say $500 in your margin deposit, your maximum loss is still that...
NZDUSD Apr05 TMS-II M15 trading:

- as it looks now,

- 'all things' are nicely stacked ... are you ready for The Dance?


Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Apr05 M15 pre-RBNZ 5-4-2023 7-41-16 am.png Size: 29 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,992
  • Apr 4, 2023 6:53pm Apr 4, 2023 6:53pm
Quoting emmanuel7788
{quote} NZDUSD Apr05 TMS-II M15 trading: - as it looks now, - 'all things' are nicely stacked ... are you ready for The Dance? {image} ...
some must be wondering "The Dance" ... what the heck is this?

here:
https://www.forexfactory.com/thread/224697-the-dance
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,993
  • Apr 4, 2023 8:37pm Apr 4, 2023 8:37pm
Quoting emmanuel7788
{quote} I spent years to learn and master the 5-Method and I follow post #2617 and study old charts for the Price Action +Support/Resistance setups where both the Stochastics(8,3,2) and TDI' RSI green price line confirmed the setups which have high winning statistical edge. Since 2018, I dropped the TDI completely. Big E was right in his posts below: you can trade without the TDI #3044Jan 20, 2011 #3103Jan...
Thank you, Emm

so, do you use 10ema, 50ema?
how..?

sorry, I missed your posts for one year...
  • #138,994
  • Apr 5, 2023 1:56am Apr 5, 2023 1:56am
Quoting KennethYang
{quote} Thank you, Emm so, do you use 10ema, 50ema? how..? sorry, I missed your posts for one year...
hi @Kenneth

The 10EMA has been used for many years even before Big E started this thread.

The Power of 10EMA by member tango1 see this post { here }


Example:
EurAud Apr05 Frankfurt Open hour now

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Apr05 EMAs 5-4-2023 2-52-31 pm.png Size: 30 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,995
  • Apr 5, 2023 2:18am Apr 5, 2023 2:18am
Quoting KennethYang
{quote} Thank you, Emm so, do you use 10ema, 50ema? how..? sorry, I missed your posts for one year...
how to use the 10ema and 5ema?

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

it is quite simple if you do not want to spend a lot of your time with technical analysis and market fundamentals.

just use the The Power of 10EMA >>> Post#8,528 by FF member named tango-1

and one of TMS pioneer member stevepatt ..."Never Stop Learning"

Remember 10 EMA is King.... { stevepatt } { here }

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Example GBPAUD Apr05 right now as London session just open ...

- Price Action trading with common Moving Averages and lots of trader' common sense.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Apr05 power of 10EMA 5-4-2023 3-14-04 pm.png Size: 31 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,996
  • Apr 5, 2023 3:14am Apr 5, 2023 3:14am
Quoting emmanuel7788
{quote} hi @Kenneth The 10EMA has been used for many years even before Big E started this thread. The Power of 10EMA by member tango1 see this post { here } Example: EurAud Apr05 Frankfurt Open hour now {image} ...
Thank you, Emm.

So, you use 10, 50, 200, 800ema (close) and S/R now?
That's it?

Please let me know if there is a page that you explains it
Thank you!!
  • #138,997
  • Apr 5, 2023 3:49am Apr 5, 2023 3:49am
Quoting KennethYang
{quote} Thank you, Emm. So, you use 10, 50, 200, 800ema (close) and S/R now? That's it? Please let me know if there is a page that you explains it Thank you!!
Okay.

Lets start with this post:
We are still in that Big E' Post#1 4hr Pacific 10PM candle period,

Study this chart and answer what do you see when that M15 bar/candle closed.

Focus on Post#647 for your chart study and analysis.

Attached Image (click to enlarge)
Click to Enlarge Name: GU Apr05 H1 Arjun candle 5-4-2023 4-46-05 pm.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,998
  • Apr 5, 2023 4:05am Apr 5, 2023 4:05am
Quoting emmanuel7788
{quote} how to use the 10ema and 5ema? ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ it is quite simple if you do not want to spend a lot of your time with technical analysis and market fundamentals. just use the The Power of 10EMA >>> Post#8,528 by FF member named tango-1 and one of TMS pioneer member stevepatt ..."Never Stop Learning" Remember 10 EMA is King.... { stevepatt...
Hello Emma, Can you share your template ? I very interesting your style trading. I want learn more from you. Thank you.
  • #138,999
  • Apr 5, 2023 4:06am Apr 5, 2023 4:06am
Quoting emmanuel7788
{quote} Okay. Lets start with this post: We are still in that Big E' Post#1 4hr Pacific 10PM candle period, Study this chart and answer what do you see when that M15 bar/candle closed. Focus on Post#647 for your chart study and analysis. {image}
I think the closing price is too close to the daily low.
I guess I couldn't get in.
  • #139,000
  • Apr 5, 2023 4:47am Apr 5, 2023 4:47am
Quoting emmanuel7788
{quote} how to use the 10ema and 5ema? ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ it is quite simple if you do not want to spend a lot of your time with technical analysis and market fundamentals. just use the The Power of 10EMA >>> Post#8,528 by FF member named tango-1 and one of TMS pioneer member stevepatt ..."Never Stop Learning" Remember 10 EMA is King.... { stevepatt...

GBPAUD Apr05 TMS-II trades

- trade setup is the H4 Arjun candle at 10EMA

- if stopped out do re-entry again and again until the trade setup get invalidated,...


Attached Image (click to enlarge)
Click to Enlarge Name: GA Apr05 trades update Go Go GO 5-4-2023 5-32-08 pm.png Size: 30 KB



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