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Trading Made Simple

  • #148,141
  • Sep 17, 2024 5:05pm Sep 17, 2024 5:05pm
Quoting emmanuel7788
{quote} EU Sep 17 New York sell setup - easy to spot if you read the 4Hr candles {image}

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Click to Enlarge Name: EU Sep17 M30_4Hr setup 17-9-2024 11-05-49 pm.png Size: 23 KB


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EU Sep 17

- went nowhere

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Click to Enlarge Name: EU Sep17 M30 closed 18-9-2024 8-02-27 am.png Size: 24 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,142
  • Sep 17, 2024 5:32pm Sep 17, 2024 5:32pm
Quoting emmanuel7788
{quote} Week 38 FOMC USD pairs Weekly The Weekly chart will determine the Market Type conditions 1) Trending 2) Sideways Wide Range 3) Sideways Narrow Range Prepare your trade plans base on the Market Types above > avoid trading pairs which are 3) Sideways Narrow Range especially the choppy price action {image} ...


Wednesday Sep 18 FOMC

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USD Pairs Weekly Market Type conditions

- before FOMC

- FOMC will not change the Market Type






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Attached Image (click to enlarge)
Click to Enlarge Name: USD pairs FOMC Sep18 18-9-2024 8-26-22 am.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,143
  • Sep 17, 2024 5:41pm Sep 17, 2024 5:41pm
Quoting emmanuel7788
JPY pairs Sep 16 Pacific 10PM 4Hr - overall look bearish - waiting for Frankfurt Open {image} ...

JPY pulling back before FOMC

Market Type remains the same

Attached Image (click to enlarge)
Click to Enlarge Name: JPY Sep18 Weekly pulling back 18-9-2024 8-37-27 am.png Size: 55 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,144
  • Sep 17, 2024 5:46pm Sep 17, 2024 5:46pm
Good evening Emmanuel,
Do you have any best recommendations for S/R reading or learning materials?

I've changed all candles to a single color in order to focus on these areas. Once I can isolate these areas easily, I will go back and study price action again.

God bless.
  • #148,145
  • Sep 17, 2024 6:01pm Sep 17, 2024 6:01pm
Quoting tommydoginti
{quote} As many has asked me about how to trade using phones. I am a phone user for trading as I travel a lot (even more since trading TMS profitably). I also spend much time out of my place and away from my computer. {image} My brokers, both personal account and funded prop firm account, allow trade execution with MT4 which has mobile app version. For chart analysis, I use TradingView for its functions on mobile app version, with more customisation and annotation compared with When trading TMS method, I currently only use the TDI green and red...
Overnight trade closed

TMS sell at TDI bounce signal

Some asked about more details of trading with phones. I will answer later.
Today is holiday in Hong Kong, heading to beach now

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  • #148,146
  • Sep 17, 2024 6:19pm Sep 17, 2024 6:19pm
EU Sep 18 4Hr

- some see BUEB

- some see DHLHC

> which ever you see both are bullish MOMENTUM candle ... and you do not need any TDI to confirm that,

> it is a CONTINUATION trade setup


Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep 18 BUOB DHLHC 18-9-2024 9-13-19 am.png Size: 46 KB










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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,147
  • Sep 17, 2024 6:25pm Sep 17, 2024 6:25pm
UCad Sep 18 4Hr

- Double Inside Bar DIB price action one of the Three Powerful FOREX Price Patterns you can trade with Big E' 5-Method.

- its a market consolidation

- how do you trade this DIB ? It is very simple


> use a proven Money Management strategy which you control risks

Attached Image (click to enlarge)
Click to Enlarge Name: UCad Sep18 4Hr DIB 18-9-2024 9-14-13 am.png Size: 45 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,148
  • Sep 17, 2024 6:26pm Sep 17, 2024 6:26pm
GU Sep 18 4Hr

- stand aside is also trading

Attached Image (click to enlarge)
Click to Enlarge Name: GU Sep18 4Hr consolidation 18-9-2024 9-20-38 am.png Size: 45 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,149
  • Sep 17, 2024 6:34pm Sep 17, 2024 6:34pm
Quoting kenergy1
Good evening Emmanuel, Do you have any best recommendations for S/R reading or learning materials? I've changed all candles to a single color in order to focus on these areas. Once I can isolate these areas easily, I will go back and study price action again. God bless.
Support and Resistance aka SnR

> look at Line Chart

For advance traders

check out this thread
https://www.forexfactory.com/thread/...trading-system


For beginners, complete THE PATH ...

https://www.forexfactory.com/thread/...s-free-trading?

THE PATH is here:

https://web.archive.org/web/20120523...uwiki/doku.php

i.e. after you completed babypips.com school of pipsology

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,150
  • Sep 17, 2024 11:19pm Sep 17, 2024 11:19pm
XAU Sep18 Frankfurt Open

- Price Action sell before FOMC

- exit before New York Open

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Sep18 4Hr sell 18-9-2024 2-12-06 pm.png Size: 44 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,151
  • Sep 17, 2024 11:33pm Sep 17, 2024 11:33pm
Thanks your your quick reply @emmanuel.

I appreciate ali the information, time and insights you bestow upon us. Have a great trading day!
  • #148,152
  • Sep 17, 2024 11:48pm Sep 17, 2024 11:48pm
Quoting iwan73
Few minutes to close of H4 candle. Big WCC red candle on left. H4 BEOB is forming and also double top, lower close . {image}

If you trade DE40,

try the Frankfurt Opening 10mins range breakout,

Attached Image (click to enlarge)
Click to Enlarge Name: DE40 Sep18 Opening 10mins 18-9-2024 2-43-53 pm.png Size: 19 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,153
  • Sep 18, 2024 12:25am Sep 18, 2024 12:25am
Quoting emmanuel7788
{quote} If you trade DE40, try the Frankfurt Opening 10mins range breakout, {image} ...
What for? To test one more losing BO strategy? Not expected such advice from such experienced FF member
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Just an opinion. Based on research
  • #148,154
  • Sep 18, 2024 4:44am Sep 18, 2024 4:44am
Quoting since80808
{quote} What for? To test one more losing BO strategy? Not expected such advice from such experienced FF member {image}


many BO strategy lose money .... that's true.

but the Big E' 5-Method is also good for trading breakouts in trending market type

you just need to make the transition to trade the 4Hr Trade Window where there is a market session open ...

look at 1Hr .... with m5m15m30 setup candles

look at 4Hr ... with m15,m30m60 setup candles


#129,731
https://www.forexfactory.com/thread/...6#post13938666


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,155
  • Sep 18, 2024 6:16am Sep 18, 2024 6:16am
Quoting emmanuel7788
{quote} there are 4 x H1 candles in one H4. so when you trade the 4hr like Big E said in Post#281, you can trade after the H4 setup candle is confirmed so long as you see the potential of a 3 to 8 candles swing (4H Swing). > m15m30m60 setup candle in the direction of the 4H swing > m5m15m60 setup candle in the direct of the 4H swing > m5m15m30 setup candle in the direction of the 4H Swing many entry options when to enter a trade in a 4H Swing. and of course, then there...

Today's trade example;

m15,m30,m60 ... in the direction of the 4Hr breakout candle

GER40 M5 New York Open 9am





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Attached Image (click to enlarge)
Click to Enlarge Name: GER40 Sep18 4Hr breakout 18-9-2024 9-11-57 pm.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,156
  • Sep 18, 2024 6:44am Sep 18, 2024 6:44am
Quoting emmanuel7788
{quote}***-Method is also good for trading breakouts in trending market type
Everything is good for trading in trending market type. Even no method is good for it.
Just an opinion. Based on research
  • #148,157
  • Sep 18, 2024 12:48pm Sep 18, 2024 12:48pm
Quoting since80808
{quote} Everything is good for trading in trending market type. Even no method is good for it.

Everything will be good when New York closes at 5pm today ... Asian Open here we come !

Attached Image (click to enlarge)
Click to Enlarge Name: JPY pairs after FOMC 19-9-2024 3-38-39 am.png Size: 66 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,158
  • Sep 18, 2024 2:32pm Sep 18, 2024 2:32pm
Quoting emmanuel7788
{quote} Everything will be good when New York closes at 5pm today ... Asian Open here we come ! {image} ...
Hi Em,
With big E method, should we trade on sessions and close before next session open? If so, I'd say it will be better with 1hr m30 than 4hr, am I right?
  • #148,159
  • Sep 18, 2024 6:49pm Sep 18, 2024 6:49pm
Quoting bigjjnem
{quote} Hi Em, With big E method, should we trade on sessions and close before next session open? If so, I'd say it will be better with 1hr m30 than 4hr, am I right?

Big E' 5-Method which is based on Price Action and Support/Resistance works in all timeframes.

You have to decide in your own Blueprint For Trading Success - the type of trader you want to be.

1) scalper,
2) intraday trader,
3) swing trader,
4) position trader,
5) ?????

In his book 'Super Trader', Dr Van K Tharp described the traders who can make consistent profits in 'good and bad' markets.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,160
  • Sep 18, 2024 6:52pm Sep 18, 2024 6:52pm
Quoting emmanuel7788
{quote} Everything will be good when New York closes at 5pm today ... Asian Open here we come ! {image} ...
There are five(5) ways to trade FOMC.

No. 4 is to wait for the announcement and let the dust settle.

Then trade the Asian session after New York hands over to Sydney.

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Click to Enlarge Name: JPY pairs after FOMC Sep 19 19-9-2024 9-39-06 am.png Size: 64 KB



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