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Trading Made Simple

  • #140,101
  • May 16, 2023 8:27pm May 16, 2023 8:27pm
Quoting emmanuel7788
{quote} You can download at the other trading made simple M15 thread: https://www.forexfactory.com/thread/...36#post6151236 read that thread and learn how to trade Price Action is king. Example: USDCAD May16 TMS-II trades closed > scalping the 4hr trade window Pacific 10PM and 2AM 4Hr candles {image} ...
Reply to PM :


How to use the SimpleEMA?

> look at confluence of other "support and resistance", 10MAs with BRN, RN and recent swing highs and swing lows

> look for Price Action setups around the 10MAs

> check if the setup has minimum risk:reward of at least 1:2

> check if the setup has potential for breakout for a 5R to 9R trade profits


Attached Image (click to enlarge)
Click to Enlarge Name: ARJUN basic setups.png Size: 18 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,102
  • May 16, 2023 8:33pm May 16, 2023 8:33pm
GU May16 Trade update

- New York session 4hr trade window

- this trade is taking forever

- just managed TP1 +10pips

> now to consider another Trade Invalidation rule


Attached Image (click to enlarge)
Click to Enlarge Name: GU May16 trade update TP1 17-5-2023 9-30-26 am.png Size: 28 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,103
  • May 16, 2023 8:50pm May 16, 2023 8:50pm
Quoting kenergy1
Bias for longs= UJ, GJ, EJ, NJ (bought UJ last week) Sells = NC, EC, CC, AC but I'm not selling them yet, just waiting and watching I trade the daily, once a day. I set my orders in advance. Still working on my trade plan, my journal, my consistency. I am basing my bias on any pair that has a strong trend on the monthly and weekly. Making my plan on Sunday of pairs I will watch all week. These are the ones I like best. What do you think of my top-down analysis of pairs I picked this week, Emmanuel?

JPY pairs are waiting for the next big event to move ...

Weekly defined the market type conditions and that will not change until after the next big event

Follow #281 and trade the Daily with 2CLB as your initial risk R and use Position Sizing.


Attached Image (click to enlarge)
Click to Enlarge Name: JPY pairs Week 20 May17 17-5-2023 9-46-37 am.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,104
  • May 16, 2023 8:57pm May 16, 2023 8:57pm
Quoting kenergy1
Bias for longs= UJ, GJ, EJ, NJ (bought UJ last week) Sells = NC, EC, CC, AC but I'm not selling them yet, just waiting and watching I trade the daily, once a day. I set my orders in advance. Still working on my trade plan, my journal, my consistency. I am basing my bias on any pair that has a strong trend on the monthly and weekly. Making my plan on Sunday of pairs I will watch all week. These are the ones I like best. What do you think of my top-down analysis of pairs I picked this week, Emmanuel?

It is mid-week.

CAD pairs

avoid the Daily choppy market conditions and go for the pairs where the Price Action has potential to break lower

Same risk management rule - use 2CLB for initial risk R stop loss and minimum R:R 1:2

The 5EMA is the direction and also a good place where your stop loss can be and use for trailing.

Attached Image (click to enlarge)
Click to Enlarge Name: CAD pairs May17 17-5-2023 9-53-06 am.png Size: 50 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,105
  • May 17, 2023 12:20am May 17, 2023 12:20am
Quoting emmanuel7788
{quote} JPY pairs are waiting for the next big event to move ... Weekly defined the market type conditions and that will not change until after the next big event Follow #281 and trade the Daily with 2CLB as your initial risk R and use Position Sizing. {image}

UJ May17 H4 Toktyo 2PM Pacific 10PM 4hr

- the Price Action is nice with the 10EMA stack nicely

- Double Inside Bar breakout is good

- but its within the MC[3] consolidation

- can mitigate the risks

Attached Image (click to enlarge)
Click to Enlarge Name: UJ May17 H4 Tokyo 2PM DIB MC 17-5-2023 1-16-27 pm.png Size: 29 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,106
  • May 17, 2023 2:27am May 17, 2023 2:27am
Quoting emmanuel7788
{quote} Good job @Tekkies You can continue to post only winning trades and hide all your losing trades. They do look impressive with 6-digits money figures. Still trying hard to lure innocent readers to your Holy Grail TDI method when you cannot follow the OP' 5-Method. When will you start trading with real money? The OP' TMS 5-Method chart template is this below - HA candles - 5EMA Typical Price, Shift+2 {image} ...
Hey Vincent.
Any reason why you have TDI and Stoch on that chart?
  • #140,107
  • May 17, 2023 2:37am May 17, 2023 2:37am
Let's see what price is going to do with this TDI setup signal.
H4 (insert) show consolidation with a nasty support zone.
- Price can break that support and fall like a brick.
Sucker punch that sell entry with a bounce against support and shoot up like a rocket heading for Mars.

Anyway, not trading H4, trading on M5 with the same rules
=== When TDI give a signal
> Refresh chart.
> Did TDI green cross red (green bounce red)
> TDI green angle above / below 2 / 4
> Is Stoch confirming TDI green direction
> Candle 1 or 2
===Use post#647 to confirm TDI signal
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-05-17 092957.jpg Size: 100 KB

edit: BE +1 locked in
Attached Image
  • #140,108
  • May 17, 2023 2:47am May 17, 2023 2:47am
Quoting emmanuel7788
{quote} It is mid-week. CAD pairs avoid the Daily choppy market conditions and go for the pairs where the Price Action has potential to break lower Same risk management rule - use 2CLB for initial risk R stop loss and minimum R:R 1:2 The 5EMA is the direction and also a good place where your stop loss can be and use for trailing. {image} ...
Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
GBPCAD May17 London Open hour

- pick the best looking pair and trade the continuation of the Daily price action

- entry at London 9:30am during the active LO candle

> no Stoch and TDI required when Price Action with MOMENTUM is king.

Attached Image (click to enlarge)
Click to Enlarge Name: GCad May17 London Open hour 17-5-2023 3-40-05 pm.png Size: 28 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,109
  • May 17, 2023 2:54am May 17, 2023 2:54am
Quoting emmanuel7788
GU May16 Trade update - New York session 4hr trade window - this trade is taking forever - just managed TP1 +10pips > now to consider another Trade Invalidation rule {image} ...

GU May17 trade closed

- removed CM EA and manage manually

- did adjustment to the remaining position, to target a 2R profit

Attached Image (click to enlarge)
Click to Enlarge Name: GU May17 trade update TOK2PM 17-5-2023 1-31-45 pm.png Size: 27 KB


> new target set at previous low and RN 1.2450
> trade closed

Attached Image (click to enlarge)
Click to Enlarge Name: GU May17 TMS-II trades closed 17-5-2023 3-49-07 pm.png Size: 27 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,110
  • May 17, 2023 2:59am May 17, 2023 2:59am
Quoting emmanuel7788
{quote} It is mid-week. CAD pairs avoid the Daily choppy market conditions and go for the pairs where the Price Action has potential to break lower Same risk management rule - use 2CLB for initial risk R stop loss and minimum R:R 1:2 The 5EMA is the direction and also a good place where your stop loss can be and use for trailing. {image} ...

UCad May17 TMS-II trade update

- pick the Daily pullback candle setup and trade the 4hr Pacific 10PM candle trade window

- quick TP1 +10 pips and TP2 +25pips


Attached Image (click to enlarge)
Click to Enlarge Name: UCad May17 TMS-II trade update 17-5-2023 3-58-15 pm.png Size: 29 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,111
  • May 17, 2023 3:05am May 17, 2023 3:05am
Quoting emmanuel7788
{quote} UJ May17 H4 Toktyo 2PM Pacific 10PM 4hr - the Price Action is nice with the 10EMA stack nicely - Double Inside Bar breakout is good - but its within the MC[3] consolidation - can mitigate the risks {image} ..

Attached Image (click to enlarge)
Click to Enlarge Name: UJ May17 H4 Tokyo 2PM DIB MC 17-5-2023 1-16-27 pm.png Size: 29 KB


.

UJ May17 H4 TMS-II trade update:

- DIB setups has high win rate and does not require Stoch and TDI

- TP1 +10pips and TP2 +25pips

> now let the market decide and CM EA will do its job while I look for other trades

Attached Image (click to enlarge)
Click to Enlarge Name: UJ May17 TMS-II trades update 17-5-2023 4-01-38 pm.png Size: 30 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,112
  • May 17, 2023 3:19am May 17, 2023 3:19am
Quoting emmanuel7788
{quote} UCad May17 TMS-II trade update - pick the Daily pullback candle setup and trade the 4hr Pacific 10PM candle trade window - quick TP1 +10 pips and TP2 +25pips {image} ...
Attached Image (click to enlarge)
Click to Enlarge Name: UCad May17 TMS-II trade update 17-5-2023 3-58-15 pm.png Size: 29 KB

UCad May17 TMS-II trade updates

- TP3 +50pips

Attached Image (click to enlarge)
Click to Enlarge Name: UCad May17 TMS-II TP3 17-5-2023 4-16-00 pm.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,113
  • May 17, 2023 3:27am May 17, 2023 3:27am
Quoting Tekkies
Let's see what price is going to do with this TDI setup signal. H4 (insert) show consolidation with a nasty support zone. - Price can break that support and fall like a brick. Sucker punch that sell entry with a bounce against support and shoot up like a rocket heading for Mars. Anyway, not trading H4, trading on M5 with the same rules === When TDI give a signal > Refresh chart. > Did TDI green cross red (green bounce red) > TDI green angle above / below 2 / 4 > Is Stoch confirming TDI green direction > Candle 1 or 2 ===Use post#647 to...

@Tekkies

Your entry is very late while you wait for your lagging TDI to provide the signals,

I trade the H4 and Daily Price Action for *CONTINUATION* ... no need for Stoch and TDI .

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD May17 M5 entries H4 setup 17-5-2023 4-21-16 pm.png Size: 28 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,114
  • May 17, 2023 10:16am May 17, 2023 10:16am
Quoting emmanuel7788
{quote} @Tekkies Your entry is very late while you wait for your lagging TDI to provide the signals, I trade the H4 and Daily Price Action for *CONTINUATION* ... no need for Stoch and TDI . {image} ...
Post 140,055 You are trying hard to impress people.....
  • #140,115
  • May 17, 2023 6:09pm May 17, 2023 6:09pm
Quoting adamjhdavis
I used to love this thread..... I pop back from time to time but to be honest I am sick of the bitching!

I have been here since 2012 and I still love this thread.

I love it even more since this post { here} .

You will do well when you focus on only the posts which adds value to your trading and you can continue your own trading journey.

Trade Well and make money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,116
  • May 17, 2023 6:19pm May 17, 2023 6:19pm
Quoting emmanuel7788
{quote} @Tekkies Your entry is very late while you wait for your lagging TDI to provide the signals, I trade the H4 and Daily Price Action for *CONTINUATION* ... no need for Stoch and TDI . {image}
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD May17 M5 entries H4 setup 17-5-2023 4-21-16 pm.png Size: 28 KB



...
XAU May17 trades next 4hr trade window

- 2nd batch trades

- -re-test of the previous H4 candle 'supply zone' most recent swing high

- confluence with BRN 1988 and historical level


Attached Image (click to enlarge)
Click to Enlarge Name: XAU May17 M5 3nd batch re-test of H4 supply 18-5-2023 6-44-24 am.png Size: 39 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,117
  • May 17, 2023 6:30pm May 17, 2023 6:30pm
Quoting emmanuel7788
{quote} UJ May17 H4 TMS-II trade update: - DIB setups has high win rate and does not require Stoch and TDI - TP1 +10pips and TP2 +25pips > now let the market decide and CM EA will do its job while I look for other trades {image} ... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: UJ May17 TMS-II TP3 17-5-2023 4-44-21 pm.png Size: 30 KB

UJ May17 TMS-II trades closed

- last position closed on target +100pips

- total +10pips +25pips +50pips and +100pips


Attached Image (click to enlarge)
Click to Enlarge Name: UJ May17 TMS-II trades closed TP4 18-5-2023 7-25-55 am.png Size: 25 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,118
  • May 17, 2023 6:35pm May 17, 2023 6:35pm
Quoting Tekkies
{quote} Post 140,055 You are trying hard to impress people.....
@Tekkies

For those who do not know how to trade like you said in your post #76,129 below,

they are the people who would be impressed... however for those who knows how to trade Price Action + Support&Resistance, they can learn a few more things about Trading Made Simple 5-Method.

Quoting Tekkies
{quote} ///BigE have left a void behind that members need to full on their own. Emmanuel filled that void and did it very good. Somewhere along the way he lost track that he is dealing here mostly with members that do not know how to trade at all. ///
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,119
  • May 17, 2023 6:55pm May 17, 2023 6:55pm
AJ May18 H4 TMS-II Tokyo 9am soon

- we have the S/U candle and the HA candle count now is 5

- can you trade candle#5, #6, #7, ... and so on?

> look at Daily and you can decide based on its potential ...100pips

Attached Image (click to enlarge)
Click to Enlarge Name: AJ May18 H4 TOK0850AM 18-5-2023 7-50-43 am.png Size: 27 KB


Example of Big E' S/U candles

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #3287 SU candle.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,120
  • May 17, 2023 7:03pm May 17, 2023 7:03pm
AUD pairs May18

- we have data release in one-half hour

- there will be some volatility but the Weekly chart determines the Market Type we trade

- the Daily is the chart to watch and pick a trade

Attached Image (click to enlarge)
Click to Enlarge Name: AUD pairs May18 data release 18-5-2023 7-59-12 am.png Size: 51 KB


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