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Trading Made Simple

  • #149,621
  • Apr 1, 2025 9:05pm Apr 1, 2025 9:05pm
Quoting emmanuel7788
{quote} XAU Apr02 H1 5-Method trade - Buy Entry {image}

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Apr02 H1 buy 2-4-2025 9-31-41 am.png Size: 33 KB



,,,

XAU Apr02 4Hr Tokyo 11am

- a valid price action setup

- note the price MOMENTUM

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Apr02 H4 setup and entry 2-4-2025 10-03-29 am.png Size: 30 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,622
  • Apr 1, 2025 10:24pm Apr 1, 2025 10:24pm
Quoting emmanuel7788
{quote} "the TDI would subsequently flatten or form a hook pattern within 20-30 minutes," IF you follow the OP posts and use his template and the TDI in post#25, that wont happen. Reason is the TDI #25 will only update when the 4Hr candle closes and not during the active candle period. You only exit your trade when the price action pulls back as mentioned in post #557 and the TDI has not update. ...
Hi Emmanuel,

I'm taking notes from this thread and I also looked at the message you recommended – thanks for that!

Just to clarify, I'm not stressed about losing trades. I'm more focused on figuring out
how to spot ranging days so I can either avoid trading or at least reduce my risk to make method more effective.
As BigE said about monitoring trades and getting cut short, and I realized that's exactly what I was doing.
I was watching every little move on TDI green line and reacting too quickly. I now see that I need to be more patient
and wait for the 4-hour candle to close before making any decisions.

Thanks for the help
  • #149,623
  • Apr 2, 2025 12:17am Apr 2, 2025 12:17am
Wednesday Tokyo 2pm, London 6am and Pacific 10PM

Is there news / events today? YES. some not mentioned in FF calendar

TMS 8 pairs 4Hr

- I see some buy, some sell, and some no trade

Attached Image (click to enlarge)
Click to Enlarge Name: TMS 8 pair Apr02 PDT10pm 2-4-2025 1-06-01 pm.png Size: 63 KB

> Can you trade 1Hr ? like in post #11

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,624
  • Apr 2, 2025 12:23am Apr 2, 2025 12:23am
Quoting emmanuel7788
{quote} XAU Apr02 4Hr Tokyo 11am - a valid price action setup - note the price MOMENTUM {image} ...
Attached Image (click to enlarge)
Click to Enlarge Name: XAU Apr02 H4 setup and entry 2-4-2025 10-03-29 am.png Size: 30 KB



{image}

XAU Apr02 Tokyo2pm UPDATE:

- price pulled back and

- the TDI has not update yet ... it waits for his H4 bar/candle to close

- take note ... study the Stoch(8,3,3) it updates in real-time with the price


Attached Image (click to enlarge)
Click to Enlarge Name: XAU Apr02 H4 UPDATE TOK2pm 2-4-2025 1-22-51 pm.png Size: 26 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,625
  • Apr 2, 2025 1:04am Apr 2, 2025 1:04am
Quoting emmanuel7788
{quote} XAU Apr02 Tokyo2pm UPDATE: - price pulled back and - the TDI has not update yet ... it waits for his H4 bar/candle to close - take note ... study the Stoch(8,3,3) it updates in real-time with the price {image} ... {image}

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Apr02 H4 UPDATE TOK2pm 2-4-2025 1-22-51 pm.png Size: 26 KB

XAU Apr02 Tokyo 3pm UPDATE:

- H4 bar/candle closed,

- TDI updated ... hook back

> No sell as Stoch(8,3,3) did not confirm

> simple decision based on Price Action post #647 ... price in consolidation

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Apr02 TOK3pm UPDATE 2-4-2025 2-01-31 pm.png Size: 26 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,626
  • Apr 2, 2025 1:15am Apr 2, 2025 1:15am
Quoting emmanuel7788
{quote} XAU Apr02 Tokyo 3pm UPDATE: - H4 bar/candle closed, - TDI updated ... hook back > No sell as Stoch(8,3,3) did not confirm > simple decision based on Price Action post #647 ... price in consolidation {image} ... {image}
Hi Emmanuel,
You mentioned the Stochastic indicator wasn't confirmed.
If it provides confirmation within the next 30 minutes, will you proceed with the trade?
Or will you maintain your rule of only entering trades at the start of a new candle?
  • #149,627
  • Apr 2, 2025 4:00am Apr 2, 2025 4:00am
Quoting emmanuel7788
{quote} XAU Apr02 Tokyo 3pm UPDATE: - H4 bar/candle closed, - TDI updated ... hook back > No sell as Stoch(8,3,3) did not confirm > simple decision based on Price Action post #647 ... price in consolidation {image} ... {image}

XAU Apr02 London 9am UPDATE:

H4
Attached Image (click to enlarge)
Click to Enlarge Name: XAU Apr02 H4 TDI lagging Price action 2-4-2025 4-40-56 pm.png Size: 27 KB


H1
Attached Image (click to enlarge)
Click to Enlarge Name: XAU Apr02 H1 setup 2-4-2025 4-40-21 pm.png Size: 29 KB


...


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,628
  • Apr 2, 2025 8:05pm Apr 2, 2025 8:05pm
Quoting emmanuel7788
{quote} XAU Mar28 - small dipper to support - today exit 3095ish - come back next week for 2Q. "Plan, Build and Run". {image} ... {image}
How many of you follow this week's Plan, Build and Run ?

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Apr03 Plan,Build,Run 3-4-2025 8-56-46 am.png Size: 21 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,629
  • Apr 2, 2025 8:12pm Apr 2, 2025 8:12pm
Quoting NolanFelix
{quote} Hi Emmanuel, You mentioned the Stochastic indicator wasn't confirmed. If it provides confirmation within the next 30 minutes, will you proceed with the trade? Or will you maintain your rule of only entering trades at the start of a new candle?
It all depends on your Trade Plan and what you see on your charts.

>>>>
When you see both Stoch and TDI do not look good... start checking other timeframes for the trade... look at other templates at different timeframes... do a thorough investigation before entering any trade. If you do this faithfully your win rate will increase dramatically... If its not quite ready put it on a watch list and go back and check it every 5,15 or 30 minutes...
>>>>

IF all things look good, then do the Dynamic entry and mitigate the risks.

BUT, do not trade the H4 consolidation.

Trade the H1 when H4 is in consolidation.

EVEN BETTER, trade M5,M15,M30 and m2,m3,m5 ....


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,630
  • Apr 2, 2025 10:54pm Apr 2, 2025 10:54pm
Hi emmanuel,

May I ask what is average of winning pips per trade in 8 pairs you're trading?
If I entry in H1, should I set TP or hold until opposite signal?

Thank you
  • #149,631
  • Apr 3, 2025 12:09am Apr 3, 2025 12:09am
Thursday Apr 03, the next 4 hour

Tokyo 2pm, London 6am, Pacific 10pm

TMS 8 pairs

- follow the traditional 'yellow brick road' or the 5EMA,Typical Price, Shift+2

Attached Image (click to enlarge)
Click to Enlarge Name: TMS 8 pair Apr03 TOK2PM 3-4-2025 1-06-16 pm.png Size: 63 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,632
  • Apr 3, 2025 1:25am Apr 3, 2025 1:25am
Quoting khai.cao
Hi emmanuel, May I ask what is average of winning pips per trade in 8 pairs you're trading? If I entry in H1, should I set TP or hold until opposite signal? Thank you

It is better to learn how to trade using risk 'R' per trade and using as the R-Multiple to exit your trades.

Different currency pairs have different $value per pip and also different volatility.

Example UJ today,

- the setup candle is rather huge therefore the initial Stop Loss is also large in pips.

BUT, if you risk $500 for this trade, the Position Size would be much smaller. The same risk $500 for this trade.
To have a Statistical Edge, your trades must have an above average +2R.
IF you can consistently average between +2R and +3R for H1 intraday trades, you will have a winning edge.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Apr02 not atractive.png Size: 29 KB



Attached Image (click to enlarge)
Click to Enlarge Name: 2R Expectancy.png Size: 50 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,633
  • Apr 3, 2025 2:10am Apr 3, 2025 2:10am
NFP day >
The Only time Traders Go From Confident
analysts to religious prayer warriors.
  • #149,634
  • Apr 3, 2025 2:31am Apr 3, 2025 2:31am
UJ Apr03 at London Open now

- no buy conditions

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Apr03 LO now 3-4-2025 3-29-49 pm.png Size: 41 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,635
  • Apr 3, 2025 3:01am Apr 3, 2025 3:01am
Quoting emmanuel7788
{quote} hi @EN Okay. I sense see your hunger and your commitment here. Will reply with follow-up posts focus on the topics which will answer your questions moving forward from here on. My posts on EURUSD this week are to show you how I trade just this EU pair on the Daily chart with entries on the lower timeframe. For today, you check your charts at 7am London time and see if there will any entry. I check my chart once every 4hours - H4, H1, M15 and also M5. I use M5 for multiple entries and always on-the-dot of the hour meaning when the H1 and/or...
Good Day Emmanuel,
Reference my previous post I will be extremely thanful if you can explain these

1) How to identifying these market types
-- Trending Market
-- Sideways Wide Range
-- Sideways Narrow Range
My understanding is that if the price is inside the 5 EMA PAC channel, I should avoid trading that pair and wait for Heikin Ashi (HA) candles to close outside the PAC channel on the Weekly time frame before taking trades on the Daily.
2) What is the name of the indicator that plots the two horizontal orange lines? It appears to be either the previous week's high/low or an indication that the price is still inside the Weekly Control Candle (WCC).
3) You mentioned me some important price action patterns. Could you highlight those?
Best regards,
EN
  • #149,636
  • Apr 3, 2025 5:33am Apr 3, 2025 5:33am
Quoting emmanuel7788
{quote} It is better to learn how to trade using risk 'R' per trade and using as the R-Multiple to exit your trades. Different currency pairs have different $value per pip and also different volatility. Example UJ today, - the setup candle is rather huge therefore the initial Stop Loss is also large in pips. BUT, if you risk $500 for this trade, the Position Size would be much smaller. The same risk $500 for this trade. To have a Statistical Edge, your trades must have an above average +2R. IF you can consistently average between +2R and +3R for...
Thank you so much emmanuel

You're so supportive and dedicated.
  • #149,637
  • Apr 3, 2025 8:09am Apr 3, 2025 8:09am
Quoting khai.cao
{quote} Thank you so much emmanuel You're so supportive and dedicated.

the learning journey is very long... I am here to journey with you so you wont be lonely.

trading can be very boring because we keep it simple and repeat the same over and over again.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,638
  • Apr 3, 2025 8:14am Apr 3, 2025 8:14am
Quoting ENoris
{quote} ///3) You mentioned me some important price action patterns. Could you highlight those? Best regards, EN

I answer the simple question first.

Price Action patterns which meet the criteria in post #647, and we can trade these PA with and without the Stoch and TDI....

See these posts

#143,766
https://www.forexfactory.com/thread/...8#post14623038

#146,424
https://www.forexfactory.com/thread/...5#post14888025


if you follow post #2617 you can remove both the Stoch and TDI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,639
  • Apr 3, 2025 8:19am Apr 3, 2025 8:19am
Quoting ENoris
{quote} ///2) What is the name of the indicator that plots the two horizontal orange lines? It appears to be either the previous week's high/low or an indication that the price is still inside the Weekly Control Candle (WCC). ///

2) Those are Weekly High-Low candles. Draw them manually on the Weekly charts when I do my Weekly Top Down Analysis WTDA.

> Weekly defines the Market Type conditions if there is a WRB or WCC.

Below are my Weekly charts of TMS 8 pairs.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS 8pairs WRB 3-4-2025 9-15-48 pm.png Size: 54 KB

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,640
  • Apr 3, 2025 9:20am Apr 3, 2025 9:20am
Quoting emmanuel7788
{quote} I answer the simple question first. Price Action patterns which meet the criteria in post #647, and we can trade these PA with and without the Stoch and TDI.... See these posts #143,766 https://www.forexfactory.com/thread/...8#post14623038 #146,424 https://www.forexfactory.com/thread/...5#post14888025 if you follow post #2617 you can remove both the Stoch and TDI.
Quoting emmanuel7788
{quote} 2) Those are Weekly High-Low candles. Draw them manually on the Weekly charts when I do my Weekly Top Down Analysis WTDA. > Weekly defines the Market Type conditions if there is a WRB or WCC. Below are my Weekly charts of TMS 8 pairs. {image} ...
Thanks Emmanuel for your reply.

You truly are the best, and I wish I had a mentor like you to guide me through. Your insights are incredibly valuable.

I’ll take some time to digest this information, but I’m sure I’ll have more questions along the way. I really appreciate your patience, and I hope you won’t mind if I reach out with more queries.

Also, I’ve sent you a PM, if you get a chance to check it.

Thanks again for your valuable time and help you are providing on this thread.
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