Trading Made Simple

Quoting emmanuel7788

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{quote} TMS 8 pairs at London Open 8am - rather quiet at Frankfurt Open - we have now 5 hours to trade until New York open > we have FOMC tonight > and maybe we have a new Pope tomorrow... {image} ...

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Quoting StonebankS1

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@emmanuel7788 i have a question, i have read a lot of posts regarding this but i just wanted to confirm something about weekly charts determining market type conditions i have been focusing on just two pairs, GPB/USD and AUD/USD. is it correct to assume that GPB/USD is sideways wide ranging? how do you determine whether its narrow or wide? i see a WCC controlling the PA inside its range. is it correct to assume AUD/USD is trending because in the past 5 weeks each candle has been making a higher low and higher high? thank in advance for your answer...

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Quoting emmanuel7788

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{quote} in this book, "Eight(8) EDGES you must have" start with treating Trading the markets as a Business {image} as your Business what are your business hours ... this would be one of the TIMING , now think of the others. ...

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Quoting emmanuel7788

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{quote} Yes. GBPUSD Market Type is correct. It Sideways Narrow Range. The WCC High-Low range is 190pips. Look at the Weekly ATR(52), (104) and (5). {image} ...

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Quoting puckettech

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{quote} Thanks Emmanuel, Here is a worthy set of questions for anyone who is looking to be one of the elite in the TMS trading guild. lol 1. You need to find a trading system that fits you, and toaccomplish that, you must know yourself: Your values Your strengths Your weaknesses Your significant beliefs (spiritual, self, market, system) Trading edges Trading weaknesses 3. You can trade only your beliefs about the markets, not the markets themselves. Thus, you should know and understand your beliefs and whether they are useful. 4. System development...

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Quoting StonebankS1

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{quote} thanks for the answer mate. i'm still studying by myself and i've found post #144.643, now i know whether a market is trending or ranging (weekly candle failing to make a higher high/higher close or lower low/lower close). usage of ATR indicator is interesting to determine if it's narrow or wide sideways ranging, but i still fail to understand it. i will keep reading and searching until i find the answer.

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Quoting emmanuel7788

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May 07, FOMC in half-hour, Weekly is clear there will be volatility and but will not change,

Attached Image (click to enlarge)

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Quoting emmanuel7788

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May 08, today the Bank of England will help you make some money. - if you believe the TDI is the heart of the method, - if you believe Price Action is king {image} GBP pairs at Tokyo 10am now - today it will be one interest rate vs the other interest rate {image} >>> Read post #11 *** ...

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Quoting emmanuel7788

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{quote} Yes. GBPUSD Market Type is correct. It Sideways Narrow Range. The WCC High-Low range is 190pips. Look at the Weekly ATR(52), (104) and (5). {image} ...

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Quoting ENoris

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{quote} Dear Emmanuel, I would greatly appreciate it if you could clarify how to accurately identify different market type conditions. This insight would be immensely helpful for me and many others in enhancing our understanding. Additionally, could you please elaborate on how to effectively use ATR (52), ATR (104), and ATR (5) on the weekly timeframe for this purpose? Thank you in advance for your guidance. Best EN

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Quoting ENoris

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{quote} Dear Emmanuel, I would greatly appreciate it if you could clarify how to accurately identify different market type conditions. This insight would be immensely helpful for me and many others in enhancing our understanding. Additionally, could you please elaborate on how to effectively use ATR (52), ATR (104), and ATR (5) on the weekly timeframe for this purpose? Thank you in advance for your guidance. Best EN

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Quoting emmanuel7788

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May 08, today the Bank of England will help you make some money. - if you believe the TDI is the heart of the method, - if you believe Price Action is king {image} GBP pairs at Tokyo 10am now - today it will be one interest rate vs the other interest rate {image} >>> Read post #11 *** ...

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Quoting puckettech

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{quote} This was the first time I woke up to 100 pips, as the OP has quoted many times in this forum. I wasn't sure (lacking confidence) about the trade with the GBP rate cut and didn't trust the USD to behave while I slept, so I chose the GJ as my A+++ best setup. Things worked out. This was my demo account. Use your demo account if you don't have confidence in your trades. I only trade LIVE when I have confidence in my setups. Happy trading, guys and gals! -cheers

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Quoting emmanuel7788

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May 08, today the Bank of England will help you make some money. - if you believe the TDI is the heart of the method, - if you believe Price Action is king {image} GBP pairs at Tokyo 10am now - today it will be one interest rate vs the other interest rate {image} >>> Read post #11 *** ...

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