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Trading Made Simple

  • #149,901
  • May 9, 2025 12:18am May 9, 2025 12:18am
Quoting emmanuel7788
Friday May 09, London 6am - for those trading the Daily charts, this is the hour of the day to get into a trade before you leave home for your day job. - 4Hr looks like no setups right now, {image} ...
EJ might have a setup worth taking a look at?

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB



sry if this didn't work, first time posting an image. lol
  • #149,902
  • May 9, 2025 1:02am May 9, 2025 1:02am
Quoting puckettech
{quote} EJ might have a setup worth taking a look at? {image} sry if this didn't work, first time posting an image. lol

You are too aggressive with the S/U candle.

There is no bonus ... post #1718

Its one of those 'iffy' cases, post #495

What you should do when your see 'iffy' cases like this ? post #2846 and post #3643

Do you know aggressive entry and conservative exit ?

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,903
  • May 9, 2025 1:48pm May 9, 2025 1:48pm
Quoting emmanuel7788
{quote} You are too aggressive with the S/U candle. There is no bonus ... post #1718 Its one of those 'iffy' cases, post #495 What you should do when your see 'iffy' cases like this ? post #2846 and post #3643 Do you know aggressive entry and conservative...
Haha, Yeah, I think so, too, Emmanuel, but I'm going to pull the trigger on my demo and learn more. Thanks for the post!

I need to learn more about your comments regarding "aggressive entry and conservative exit". If that is a thing, or just beware and watch it. I was tired, it was close to 2 am here, and I just figured, let's see where this one goes.

-cheers
  • #149,904
  • May 9, 2025 8:22pm May 9, 2025 8:22pm
Quoting puckettech
{quote} Haha, Yeah, I think so, too, Emmanuel, but I'm going to pull the trigger on my demo and learn more. Thanks for the post! I need to learn more about your comments regarding "aggressive entry and conservative exit". If that is a thing, or just beware and watch it. I was tired, it was close to 2 am here, and I just figured, let's see where this one goes. -cheers
The OP Big E made 12 posts on "conserative".

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post conserative.png Size: 40 KB



How many posts I corrected that with "conservative" ?
The journey starting in 2012 ...


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,905
  • May 10, 2025 12:01am May 10, 2025 12:01am
Quoting emmanuel7788
{quote} The OP Big E made 12 posts on "conserative". {image} How many posts I corrected that with "conservative" ? The journey starting in 2012 ... ...
You are truly very considerate. Thank you for your years of dedication.
  • #149,906
  • May 10, 2025 5:20am May 10, 2025 5:20am
Quoting emmanuel7788
{quote} First learn what is ATR. > https://forex-indicators.net/volatility-indicators/atr Next, ATR(52) on Weekly chart is 52-weeks ATR. ATR(104) on Weekly chart is 104-weeks ATR ATR(5) on Weekly chart is the most recent 5-weeks ATR. {image} ...
Dear Emmanuel,

Thank you for sharing your insights on using ATR values. After exploring the Weekly ATRs (5, 52, and 104), I wanted to share my understanding of how these values can help identify different market types:

1) Trending Market:
ATR(5) > ATR(52)
ATR(5) > ATR(104)
This suggests that recent volatility is significantly higher than the 1-year and 2-year averages, indicating strong directional movement.

2) Sideways (Wide Range) Market
ATR(5) ≈ ATR(52)
ATR(5) and ATR(52) ≈ ATR(104)
In this market type, price tends to move between a broader support and resistance zone without a clear trend. ATR values remain relatively stable, closely aligning with historical averages, suggesting moderate volatility.

3) Sideways (Narrow Range) Market
ATR(5) < ATR(52)
ATR(5) and ATR(52) ≤ ATR(104)
This occurs when prices are tightly consolidated ATR values are low and generally below historical averages.

I would love to hear your thoughts or if you think there's something I might have missed.

Thanks once again for your guidance and insights. You are the most and keeping the thread alive for after BigE.

Best
EN
  • #149,907
  • May 10, 2025 6:34am May 10, 2025 6:34am
Quoting ENoris
{quote} Dear Emmanuel, Thank you for sharing your insights on using ATR values. After exploring the Weekly ATRs (5, 52, and 104), I wanted to share my understanding of how these values can help identify different market types: 1) Trending Market: ATR(5) > ATR(52) ATR(5) > ATR(104) This suggests that recent volatility is significantly higher than the 1-year and 2-year averages, indicating strong directional movement. 2) Sideways (Wide Range) Market ATR(5) ≈ ATR(52) ATR(5) and ATR(52) ≈ ATR(104) In this market type, price tends to move...
The OP never taught us how to read the charts and to determine the market type conditions.
All he said many times if to look for price swings of 3 to 8 candles and that "3 to 8 candles" came from another system/method.
If on the 4Hr charts you see swing highs and swing lows 3 to 8 candles in a week, and there are 29 H4 candles in one week, what is the market type ?
In a trending market week, the 4Hr candles can run more than 8 candles, can be anything 3 to 15 and even to 20 candles.
A swing high/swing low + true REVERSAL needs 5 candles.

Four pairs Weekly charts as of New York Close 5pm Friday May 09 below:

AU
Attached Image (click to enlarge)
Click to Enlarge Name: AU Week19 NYClose WCC 10-5-2025 7-16-19 pm.png Size: 24 KB

EU
Attached Image (click to enlarge)
Click to Enlarge Name: EU Week 19 NYClose WCC 10-5-2025 7-19-54 pm.png Size: 25 KB

GU
Attached Image (click to enlarge)
Click to Enlarge Name: GU Week 19 NYClose WCC 10-5-2025 7-20-20 pm.png Size: 25 KB

AC
Attached Image (click to enlarge)
Click to Enlarge Name: ACad Week 19 NYClose WCC 10-5-2025 7-21-11 pm.png Size: 24 KB


Only one pair is Trending.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,908
  • May 10, 2025 6:54am May 10, 2025 6:54am
Quoting ENoris
{quote} Dear Emmanuel, Thank you for sharing your insights on using ATR values. After exploring the Weekly ATRs (5, 52, and 104), I wanted to share my understanding of how these values can help identify different market types: 1) Trending Market: ATR(5) > ATR(52) ATR(5) > ATR(104) This suggests that recent volatility is significantly higher than the 1-year and 2-year averages, indicating strong directional movement. 2) Sideways (Wide Range) Market ATR(5) ≈ ATR(52) ATR(5) and ATR(52) ≈ ATR(104) In this market type, price tends to move...

USDCAD Week 19 review

- based on May9 New York Close

- next week we can trade the swing of 3 to 8 candles on the 4Hr IF the volatility is good.

Attached Image (click to enlarge)
Click to Enlarge Name: UCad Week 19 NYClose WCC 10-5-2025 7-51-00 pm.png Size: 23 KB


Attached Image (click to enlarge)
Click to Enlarge Name: UCad Week19 4Hr review swings 10-5-2025 7-52-00 pm.png Size: 29 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,909
  • May 10, 2025 7:01am May 10, 2025 7:01am
Quoting emmanuel7788
{quote} The OP never taught us how to read the charts and to determine the market type conditions. All he said many times if to look for price swings of 3 to 8 candles and that "3 to 8 candles" came from another system/method. If on the 4Hr charts you see swing highs and swing lows 3 to 8 candles in a week, and there are 29 H4 candles in one week, what is the market type ? In a trending market week, the 4Hr candles can run more than 8 candles, can be anything 3 to 15 and even to 20 candles. A swing high/swing low + true REVERSAL needs 5 candles....
Thanks Emmanuel for your prompt reply,you are such a knowledgeable person, hats of to you.

Regarding the BigE's point you have mentioned about using price swings (3 to 8 candles) on the H4 chart, I understand the perspective.
However, I have made analysis with my focus with ATR, to have a more quantitative approach when classifying market types, rather than relying solely on candle swings. The ATR values provide a measure of volatility over specific periods, helping to objectively identify whether the market is trending or ranging.

Whats your view on that? Would love to hear your thoughts on how we can possibly integrate both the ATR-based approach and the 3-8 candle swing concept you mentioned for a more complete market analysis.

I have never done coding but seems like a simple if one use a simple "IF" Logic, one can can easily identify the market types using the Weekly ATR values of 5, 52, 104.

Looking forward to your insights.

Please can you share the indicator in the images you have posted , that plot the line on the Weekly Control Candle?

Best
EN
  • #149,910
  • May 11, 2025 6:32am May 11, 2025 6:32am
Quoting emmanuel7788
{quote} USDCAD Week 19 review - based on May9 New York Close - next week we can trade the swing of 3 to 8 candles on the 4Hr IF the volatility is good. {image} {image} ...
I will follow this topic and how trade with USDCAD next week ?
  • #149,911
  • May 11, 2025 7:35pm May 11, 2025 7:35pm
Week 20 May 11 to 18

One of the first thing to do is to know this week's calendar.

There are news and events no in FF Calendar.

Attached Image (click to enlarge)
Click to Enlarge Name: FF Cal Week 20 May 11 to18 11-5-2025 9-20-21 pm.png Size: 40 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,912
  • May 11, 2025 8:19pm May 11, 2025 8:19pm
Quoting nguyentrict
{quote} I will follow this topic and how trade with USDCAD next week ?

USDCAD May 12 Tokyo 10am the second 4Hour trade window

- when you are not sure, what shall you do ?

Attached Image (click to enlarge)
Click to Enlarge Name: UCad May20 H1 Tokyo10am 12-5-2025 9-17-38 am.png Size: 48 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,913
  • May 12, 2025 2:30am May 12, 2025 2:30am
Quoting emmanuel7788
{quote} USDCAD May 12 Tokyo 10am the second 4Hour trade window - when you are not sure, what shall you do ? {image} ...
Dear Emmanuel,

Once again, I want to express my gratitude for all your invaluable guidance.

Today, I made my first trade using BigE’s system (RIP). I am aware that I have much to learn, and I expect to make mistakes along the way. I look forward to studying further under your mentorship and improving my mistakes along the way.

I would greatly appreciate your feedback on my entry decision for this trade.

1) If you don’t mind, could you please share the indicators and the template you are using? I would like to use the same setup to ensure we are on the same page. This will also make it easier for me to understand your instructions as my mentor.

2) Based on the logic you shared earlier (thank you again for the ATR link), I did some further research over the weekend. With the help of AI, I developed an indicator that displays the weekly values of ATR5, ATR52, and ATR104 directly on the chart and even indicates the market type. It is still in its early stages and will likely require significant improvement.

I will share the code once I return from the office. Perhaps you or someone else in the group can help enhance it further.

Thank you once again Emmanel, you are the best and keeping this thread of BigE alive.

Best
EN
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD 120525.jpg Size: 347 KB
  • #149,914
  • May 12, 2025 5:50am May 12, 2025 5:50am
AU May 12 London 11:07am into the 10am 4Hr candle

- H4 dynamic entry

Attached Image (click to enlarge)
Click to Enlarge Name: AU May12 H4 sell V19 alert 12-5-2025 6-47-34 pm.png Size: 46 KB

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,915
  • May 12, 2025 7:16am May 12, 2025 7:16am
Quoting emmanuel7788
{quote} USDCAD May 12 Tokyo 10am the second 4Hour trade window - when you are not sure, what shall you do ? {image} ...

USDCAD May 12 TMS_EVO traders

> M5 add-on entry

> make sure your other buy positions are protected when you add-on entries

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD May12 M5 entry 12-5-2025 8-13-52 pm.png Size: 40 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,916
  • May 12, 2025 10:45am May 12, 2025 10:45am
Hello dear Emmanuel,
I have a question.
What should we do when different timeframes show conflicting signals? For example:

  1. The 1-hour timeframe shows a buy signal,
  2. The 4-hour timeframe shows consolidation,
  3. But the daily timeframe shows a strong short signal, yet it has hit a support zone.

In such cases, can we take a long position on the 1-hour timeframe, or should we wait for the support zone to break and take a short position?

Attached Image (click to enlarge)
Click to Enlarge Name: gold 1h.png Size: 72 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gold 4h.png Size: 71 KB

Attached Image (click to enlarge)
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Victory Is the Only Thing That Can Keep You Alive...
  • #149,917
  • May 12, 2025 11:52am May 12, 2025 11:52am
Quoting emmanuel7788
{quote} USDCAD May 12 TMS_EVO traders > M5 add-on entry > make sure your other buy positions are protected when you add-on entries {image} ...
Dear Emmanuel I am still in the trade,

Please can you explain the concept as I have used the H4/D1/W1 chart when executing the trade

TMS_EVO traders (Who are these traders you are refering too and how I can become a TMS _ EVO Trader or can be added to that group if possible)
M5 add-on entry
Make sure your other buy positions are protected when you add-on entries

Best
EN
  • #149,918
  • May 12, 2025 8:48pm May 12, 2025 8:48pm
Quoting NikiPink
Hello dear Emmanuel, I have a question. What should we do when different timeframes show conflicting signals? For example: The 1-hour timeframe shows a buy signal, The 4-hour timeframe shows consolidation, But the daily timeframe shows a strong short signal, yet it has hit a support zone. In such cases, can we take a long position on the 1-hour timeframe, or should we wait for the support zone to break and take a short position? {image} {image} {image}

hi @NikkiPink

You missed the Big Picture of XAU and the WTDA.

XAU is at a all time high and there is still lot of demand for the metal GOLD. A lot of high-net-worth-investors are buying GOLD to hedge their assets.

Spot gold is in consolidation for 3 weeks with that WCC.

When will GOLD break high again ?

Attached Image (click to enlarge)
Click to Enlarge Name: XAU May13 Weekly WCC 13-5-2025 9-34-35 am.png Size: 20 KB

Your TDA should be Weekly > Daily > 4Hr

Do Not trade the 4Hr when it is in consolidation. Trade the 1Hr.

Know the key levels - Support and Resistance .

Do NOT use signals as your technical analysis. Post#647 is about Price Action and when you use the Stoch and TDI as your helping indicators, you use these to confirm the Price ACtion. This way, you will one day reach the level where you can follow the OP' post #2617 in 2 to 3 years.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,919
  • May 13, 2025 2:02am May 13, 2025 2:02am

GU entry on H4 counter trend trade looking for 1 or 2 candle to take profit.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
strip things naked
  • #149,920
  • May 13, 2025 2:45am May 13, 2025 2:45am
Quoting emmanuel7788
{quote} USDCAD May 12 TMS_EVO traders > M5 add-on entry > make sure your other buy positions are protected when you add-on entries {image} ...
USDCAD May13 London Open 8:05am

- M5 entry

- BUT beware of big candle !

Attached Image (click to enlarge)
Click to Enlarge Name: UC May13 M5 buy London Open 13-5-2025 3-05-31 pm.png Size: 43 KB



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