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Trading Made Simple

  • #25,841
  • Oct 5, 2013 5:24am Oct 5, 2013 5:24am
Quoting emmanuel7788
Time to say goodbye. https://www.youtube.com/watch?v=K0agOTuM2mg It has been quite a long journey for me here in Forex Factory and it has been great experience and learning with many of you here. I am very grateful for the opportunity to be able to share some of my knowledge here and also gain from your sharing in this thread. I am glad to see some of you have achieve progress and yet some other will continue to work even harder and diligently. The work continues for me and also for many of you. But this difficult decision has to be made...
Dear Emmanuel;


We will miss you ! Thanks for all your support, you were and are a great maestro for us!

take care.
  • #25,842
  • Oct 5, 2013 6:28am Oct 5, 2013 6:28am
Massive Thank you!

You will be missed


Quoting emmanuel7788
Time to say goodbye. https://www.youtube.com/watch?v=K0agOTuM2mg It has been quite a long journey for me here in Forex Factory and it has been great experience and learning with many of you here. I am very grateful for the opportunity to be able to share some of my knowledge here and also gain from your sharing in this thread. I am glad to see some of you have achieve progress and yet some other will continue to work even harder and diligently. The work continues for me and also for many of you. But this difficult decision has to be made...
  • #25,843
  • Oct 5, 2013 7:59am Oct 5, 2013 7:59am
Quoting emmanuel7788
Time to say goodbye. https://www.youtube.com/watch?v=K0agOTuM2mg It has been quite a long journey for me here in work even harder and diligently. The work continues for me and also for many of you. But this difficult decision has to be made sooner than I thought. So it is finally a sad goodbye from me. Be Blessed Folks.
Saturday morning reading behind posts and came up with this Post. You shared a lot here and we all learned a lot from you Emmanuel. Always patient and never get mad to repeat yourself again and again.

I really appreciate your effort and wish you success and a healthy life for the rest of your life.

I have heard before that Forex and FF has addiction. I hope you are addicted and come back here sometimes to say a hello.

Take care
Mike

Inserted Video
Failure, is a wonderful teacher!
  • #25,844
  • Oct 5, 2013 10:27am Oct 5, 2013 10:27am
Attached are my trades for this week on EJ H1. Trades 1,2 & 3 taken during London on Monday. I waited for the second candle to set a direction but it turned out to be a fake-out candle....BE on that trade. Then entered short expecting price to move down but price retraced again....exited with a small profit. Then finally, a good signal on the TDI....green crossed over red and yellow at a sharp angle indicating a possible long move. Trade 4 was easy, an earlier pin-bar during the Asian session indicating price should move down and based on the next few candles, I took a short trade at LO. Trade 5 taken as continuation of that downtrend during the Asian. It did not reach TP....closed manually on a pullback as the trend became exhausted. I did not enter any trades at LO following trade 5 due to the long move down during the Asian. I expected consolidation or retracement during London on day 3. The NY session on day 3 broke above the trend-line and started an ABCD pattern. Trade 6 was entered during the Asian on the CD leg. The first 2 candles on London on day 4 created a double top and the D leg had completed, so I entered short for trade 7. The third candle of London tried to break through but price pulled back and continued short, starting another downtrend. Trade 8 was taken on a cross of the TDI green over red below yellow and the 50 line with a rejection of price at the trend-line, during the Frankfurt Open on day 5 of the week. That trade took a long time to hit TP but finally hit (barely).
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  • #25,845
  • Oct 5, 2013 10:56am Oct 5, 2013 10:56am
Preparation for all possible scenarios

Its very important that we as traders prepare ourselves for all possible scenarios.
The only way to do that is to perform a weekly analysis from our Higher time frame to prepare ourselves for potential set-ups.
Also we should update our view everyday based on the analysis of the daily candle and 4H candles.

Here is an example of how i do it for each pair every week. Then i print it out and keep it near me as well as my trading plan with my rules for entering the market.
If you want to practice, i encourage you to do the same and post it here for us to comment and learn together.
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  • #25,846
  • Oct 5, 2013 11:02am Oct 5, 2013 11:02am
Review of the week

One thing that i do every week is to review the trading opportunities I had on the pairs I trade, and how many of those opportunities I missed.
The objective is to train your eye to identify your set-ups and entries better as well as measure your performance of execution by numbering out how many of those set-ups you actually took. Unfortunately this week most set-ups occurred during Asia, so i wasn't able to take them....

By combining Higher timeframe predictive analysis, SR levels,candle patterns and lower timeframe trend, patterns and TDI you can get significant edge on the market...

Example :

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  • #25,847
  • Oct 5, 2013 11:12am Oct 5, 2013 11:12am
Does anyone uses Prorealtime charts?
How do i add TDI to the Prorealtime charts?
Anyone can help?
  • #25,848
  • Oct 5, 2013 12:06pm Oct 5, 2013 12:06pm
Hi Guys

The thread has some sad feelings to Emmanuel saying farewell, our mentor is saying goodbye which will make it even harder for us to be guided , I cant imagine those valuable lessons might no longer be available, but anyway the posts are there so we can always go back and read his posts again.

I would like to thank you Master Emmanuel for all the information you provided and especially for helping me out , thanks a lot sir and I really wish you all the best and good luck

I have this indicator that I got off other thread in FF, which display multiple time frames trends , maybe might help in something regarding TMS, am testing that but still

What I am having is after changing the properties of the indicator to suit my chart, I noticed that the indicator overlay the last 3 or 4 candles with something like bold color making the candles hard to read , so is there anyway that I can set the indicator just to show the overall trend and leave the candles as it is?
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I Have Learned to Take Some Losses to Make Profits
  • #25,849
  • Oct 5, 2013 4:16pm Oct 5, 2013 4:16pm
thanks emmanuel, good luck in your life. lots of pips
  • #25,850
  • Oct 5, 2013 6:14pm Oct 5, 2013 6:14pm
Quoting emmanuel7788
Time to say goodbye. https://www.youtube.com/watch?v=K0agOTuM2mg It has been quite a long journey for me here in Forex Factory and it has been great experience and learning with many of you here. I am very grateful for the opportunity to be able to share some of my knowledge here and also gain from your sharing in this thread. I am glad to see some of you have achieve progress and yet some other will continue to work even harder and diligently. The work continues for me and also for many of you. But this difficult decision has to be made...
Emmanuel, has been a pleasure to learn with you... all the best with your new venture... God bless you.
  • #25,851
  • Oct 5, 2013 9:29pm Oct 5, 2013 9:29pm
Quoting munirpt
Review of the week One thing that i do every week is to review the trading opportunities I had on the pairs I trade, and how many of those opportunities I missed. The objective is to train your eye to identify your set-ups and entries better as well as measure your performance of execution by numbering out how many of those set-ups you actually took. Unfortunately this week most set-ups occurred during Asia, so i wasn't able to take them.... By combining Higher timeframe predictive analysis, SR levels,candle patterns and lower timeframe trend, patterns...
Thanks Munir for your effort, I can learn a lot from your very simple yet powerful approach to the markets, that suits my trading style very much
I Have Learned to Take Some Losses to Make Profits
  • #25,852
  • Oct 5, 2013 9:56pm Oct 5, 2013 9:56pm
Quoting emmanuel7788
Time to say goodbye. https://www.youtube.com/watch?v=K0agOTuM2mg It has been quite a long journey for me here in Forex Factory and it has been great experience and learning with many of you here. I am very grateful for the opportunity to be able to share some of my knowledge here and also gain from your sharing in this thread. I am glad to see some of you have achieve progress and yet some other will continue to work even harder and diligently. The work continues for me and also for many of you. But this difficult decision has to be made...
IOU a lottt...
Thank you for teaching us patiently
We'll be missing you

Good luck, brother ...
i worshipped... Momentum
  • #25,853
  • Oct 6, 2013 2:00am Oct 6, 2013 2:00am
Emmanuel,

Thank-You!!!

You did great and I learned alot from you and I appreciate all your knowledge.
Good luck to you in your future adventures I hope it works out fantastic.

Once again, thank you for your friendship and your teaching abilities.
I appreciate all your help and advise! Best of luck and many pips...

snarlyjack
  • #25,854
  • Oct 6, 2013 2:25am Oct 6, 2013 2:25am
Quoting mlfund
Does anyone uses Prorealtime charts? How do i add TDI to the Prorealtime charts? Anyone can help?
see below code for TDI in ProRealTime

// Standard Setting
// Priceline isSMA(2) of RSI(13)
// Signalline is SMA(7) of RSI(13)
// Midband is SMA(35) of RSI(13)
// BolingerBand around SMA(35) using 1.62 StdDev
//Midline = 50
//SignallineUp = 70
//SignallineDown = 30
RSIasPrice = RSI[q](customclose)
// AverageRSI-Linie als Priceline, deswegen kurzer = 2
Priceline = Average[r](RSIasPrice)
// Signalline = Average 7 vom RSI
Signalline = Average(RSIasPrice)
StdDevRSI = STD[t](RSIasPrice)
MiddleBand = Average[t]((RSIasPrice))
UpperBand = MiddleBand + u*StdDevRSI
LowerBand = MiddleBand - u*StdDevRSI
Return Priceline AS "Priceline", UpperBand AS "UpperBand", LowerBand AS "LowerBand", MiddleBand AS "MiddleBand = Market Base Line", Signalline AS "Signalline", 68 COLOURED(250,100,100)AS "68", 32 AS "32"
Never give up!!
  • #25,855
  • Oct 6, 2013 2:30am Oct 6, 2013 2:30am
Quoting emmanuel7788
Time to say goodbye..
Thank You Emmanuel, you made me a number of milestons on my Forex education, will miss you Buddy, thats for sure!
Jacek
JacekPreserve Precious Capital
  • #25,856
  • Oct 6, 2013 4:26am Oct 6, 2013 4:26am
Quoting munirpt
Review of the week One thing that i do every week is to review the trading opportunities I had on the pairs I trade, and how many of those opportunities I missed. The objective is to train your eye to identify your set-ups and entries better as well as measure your performance of execution by numbering out how many of those set-ups you actually took. Unfortunately this week most set-ups occurred during Asia, so i wasn't able to take them.... By combining Higher timeframe predictive analysis, SR levels,candle patterns and lower timeframe trend, patterns...
Hi Munirp,

Thanks for your posts, it has been helping me in understanding a bit more of this complex business, i do intend to succeed, but its not been easy road.

Comparing your trendtradestime to mine, i could see only 3 trades during LO and only in the mornings that i could only take (EJ H1), in the afternoons is difficulty to trade unless a develop the knowledge to trade on H4, but that later
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  • #25,857
  • Oct 6, 2013 6:29am Oct 6, 2013 6:29am
Quoting Haendlerin
{quote} see below code for TDI in ProRealTime // Standard Setting // Priceline isSMA(2) of RSI(13) // Signalline is SMA(7) of RSI(13) // Midband is SMA(35) of RSI(13) // BolingerBand around SMA(35) using 1.62 StdDev //Midline = 50 //SignallineUp = 70 //SignallineDown = 30 RSIasPrice = RSI[q](customclose) // AverageRSI-Linie als Priceline, deswegen kurzer = 2 Priceline = Average[r](RSIasPrice) // Signalline = Average 7 vom RSI Signalline = Average(RSIasPrice) StdDevRSI = STD[t](RSIasPrice) MiddleBand = Average[t]((RSIasPrice)) UpperBand = MiddleBand...

Thank you Haendlerin. Really appreciate.
But there are syntax error. What should i do?
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  • #25,858
  • Oct 6, 2013 7:16am Oct 6, 2013 7:16am
Quoting Phx62
{quote} . Most of the time, price will establish a high or low within the first two or three hours of London and then move 3 to 10 candles in one direction, with occasional replacements.
{image}
Hi,

I have seen you repeat this in your posts but I can't get my head around it.The reason is when the market is trending we get HH and LL so I don't get it how price establish a High or a Low.

Would you please show this on one of your charts please?

Thanks
Mike
Failure, is a wonderful teacher!
  • #25,859
  • Oct 6, 2013 7:18am Oct 6, 2013 7:18am
Quoting mlfund
{quote} Thank you Haendlerin. Really appreciate. But there are syntax error. What should i do? {image}

you have to define variables q and r - q is RSI-period, r = average period of RSI
variable tdi is not used in my code, error "variable is not used in the code" occur if you don't use them in RETURN Statement. Also make use of pro real trend programming handbook. you get this by pressing on the pro builder help button
Never give up!!
  • #25,860
  • Oct 6, 2013 10:45am Oct 6, 2013 10:45am
Quoting mike1349
{quote} Hi, I have seen you repeat this in your posts but I can't get my head around it.The reason is when the market is trending we get HH and LL so I don't get it how price establish a High or a Low. Would you please show this on one of your charts please? Thanks Mike
Maybe this will help.
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