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Trading Made Simple

  • #32,161
  • Mar 12, 2014 1:20am Mar 12, 2014 1:20am
Quoting omonisha
{quote} Thanks a lot for your guidance... having problem to understand the setup....when they occur..and how to understand them..you throw a gem to me... Thanks thanks a lot

here is what I see on my intraday chart using M15 PAC.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 11 12 Mar M15 PAC.png Size: 62 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,162
  • Mar 12, 2014 1:24am Mar 12, 2014 1:24am
Quoting emmanuel7788
{quote} Hi hugecat, I think Big E’s recommendation not to trade when there is red news item is a prudent advice based on his years of trading experience. It is advisable not to open a new trade before those red news release unless we see a probability to BE the trades before the news release hour. For my case, I have different trading style and my money management and position sizing is very different from Big E’s. What is important to me is my trading plan for 4H swing and I base that on my weekly Big Picture Planning and looking more to the longer...
Thank you, Emmanuel. Your method is significantly different from Big E's. Does it mean that Big E's TMS doesn't work as good as he described and few adjustments should be made? Or can I still practice it and expect the promised results if doing everything right?
Those who know don't talk. Those who talk don't know.
  • #32,163
  • Mar 12, 2014 1:29am Mar 12, 2014 1:29am
Quoting manoj_3986
{quote} Thank you very much for your inputs.

right now i am in the mood for some chartist work.
so we have here the same EA chart with a Andrews Pitchfork APF channel. There is a median line using APF channel.

Attached Image (click to enlarge)
Click to Enlarge Name: EA with APF channel.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,164
  • Mar 12, 2014 2:06am Mar 12, 2014 2:06am
EJ week 11 h4 trade update:

Just one hour before LO, I protect my capital.
The current H4 candle will close in one hour time just when LO.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 11 H4 trade update.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,165
  • Mar 12, 2014 2:14am Mar 12, 2014 2:14am
Quoting hugecat
{quote} Thank you, Emmanuel. Your method is significantly different from Big E's. Does it mean that Big E's TMS doesn't work as good as he described and few adjustments should be made? Or can I still practice it and expect the promised results if doing everything right?

Hi hugecat,

Big E and I have slightly different style how we trade the same method.
He is aggressive when comes to trade entry and he trades standard lots at the same time he pulls out of trades using the TDI for exit.

I am conservative wih my hard-earned mioney, so I use the percentage risk model and I do position sizing. My exit is quite different as I want to hold my 4H swing trades longer and I do not exit when the TDI goes flat. I use the R-Muliple management and also the PAC for trailing my stops. I look at the PA candles, I can scale out and I can move my stops to protect my floating profit.

you need to understand this method and build into it with your own money management strategy and make it into a winning system of your own.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,166
  • Mar 12, 2014 2:22am Mar 12, 2014 2:22am
Quoting emmanuel7788
{quote} Hi hugecat, Big E and I have slightly different style how we trade the same method. He is aggressive when comes to trade entry and he trades standard lots at the same time he pulls out of trades using the TDI for exit. I am conservative wih my hard-earned mioney, so I use the percentage risk model and I do position sizing. My exit is quite different as I want to hold my 4H swing trades longer and I do not exit when the TDI goes flat. I use the R-Muliple management and also the PAC for trailing my stops. I look at the PA candles, I can scale...
Roger that, Emmanuel, thanx!
EJ looks good though on D1.
Attached Image (click to enlarge)
Click to Enlarge Name: ej03.12.jpg Size: 199 KB
Those who know don't talk. Those who talk don't know.
  • #32,167
  • Mar 12, 2014 2:36am Mar 12, 2014 2:36am
Hi All,

Just a quick possible plan on EJ!

50% fib with support, possible area for a long setup if it goes short that far.....

http://charts.mql5.com/4/139/eurjpy-...ari-uk-ltd.png
  • #32,168
  • Mar 12, 2014 3:26am Mar 12, 2014 3:26am
I tried using Pitchfork channel tool in MT4 to draw these channels. I would appreciate the comments.

Attached Image (click to enlarge)
Click to Enlarge Name: gj h4 channel pitchfork.png Size: 170 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EJ H4 pitchfork channel.png Size: 181 KB


Regards
  • #32,169
  • Mar 12, 2014 3:40am Mar 12, 2014 3:40am
Sold Gold following bearish divergence on 1 hour.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 22 KB
  • #32,170
  • Mar 12, 2014 4:16am Mar 12, 2014 4:16am
Quoting pundit78
Hi Emmanuel and other members out here Finally I have complied all the posts of Bizzzle from TMS thread and put it into a pdf file, hope it will help. {image}
Thanks. Great job.
  • #32,171
  • Mar 12, 2014 4:22am Mar 12, 2014 4:22am
Quoting pundit78
Sold Gold following bearish divergence on 1 hour. {image}

seeing bullish momentum in W1, D1 and H4, my view is the H1 divergence is useless to trade with.

in any case, when we want to trade divergence in the price and the TDI, we still should look for support and resistance to give us a high probability trade setup.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,172
  • Mar 12, 2014 4:35am Mar 12, 2014 4:35am
Quoting MrAussieFX
I tried using Pitchfork channel tool in MT4 to draw these channels. I would appreciate the comments. {image} {image} Regards
some of the Andrews Pitchfork APF channels are nice in trending market condition, while some are just either too steep or too wide to make any good sense use of.
here is a piece of my recent study notes on Andrews Pitchfork channel.
Attached File(s)
File Type: pdf Andrews Pitchfork.pdf   248 KB | 1,206 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,173
  • Mar 12, 2014 4:39am Mar 12, 2014 4:39am
Quoting emmanuel7788
{quote} some of the Andrews Pitchfork APF channels are nice in trending market condition, while some are just either too steep or too wide to make any good sense use of. here is a piece of my recent study notes on Andrews Pitchfork channel. {image}
Appreciate it, Big EMM

Regards
  • #32,174
  • Mar 12, 2014 4:43am Mar 12, 2014 4:43am
EURAUD:

Did anyone managed to pick an entry today?

please share your charts so that we can learn more possibilities of trade entries for this trending pair.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,175
  • Mar 12, 2014 4:52am Mar 12, 2014 4:52am
GU bouncing from 38% fib....... EJ seems loosing its momentum
Sad i'm not trying to understand PA
  • #32,176
  • Mar 12, 2014 5:09am Mar 12, 2014 5:09am
Quoting omonisha
GU bouncing from 38% fib....... EJ seems loosing its momentum
No EA trade.

Wary of last nights CS with resistance above around 1.54.

Then woke up this morning to a big fat blue candle!
  • #32,177
  • Mar 12, 2014 5:15am Mar 12, 2014 5:15am
Quoting emmanuel7788
{quote} seeing bullish momentum in W1, D1 and H4, my view is the H1 divergence is useless to trade with. in any case, when we want to trade divergence in the price and the TDI, we still should look for support and resistance to give us a high probability trade setup.
Already closed the position in profit.

Sold at 1358.01 covered at 1355.73.
  • #32,178
  • Mar 12, 2014 5:41am Mar 12, 2014 5:41am
ups never mind..
  • #32,179
  • Mar 12, 2014 6:11am Mar 12, 2014 6:11am
Quoting emmanuel7788
EURAUD: Did anyone managed to pick an entry today? please share your charts so that we can learn more possibilities of trade entries for this trending pair.
Can you confirm emmanuel that since MBL was below the divergence trade , so divergence, and mbl that they dont go in together, I mean the divergence could be avoided because mbl was acting as support and a short trade can be eliminated and just consider long trade is considered when pa set the trade

I have a same pa scenario on EU I think but in a downtrend trending market, there was divergence on H1 but mbl was above the divergence, pa traded a little bit high before reversing and continuing the trend have a look and let me know your thoughts

I just took this snapshot on EU while back testing
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Failed Div_MBL above.jpg Size: 262 KB
Click to Enlarge Name: Failed Div_MBL below.jpg Size: 240 KB
I Have Learned to Take Some Losses to Make Profits
  • #32,180
  • Mar 12, 2014 6:22am Mar 12, 2014 6:22am
Attached is a GBPJPY chart on H4 and would like to get your advice.
I'm more into trading divergences and saw other members of TMS doing that too.
I do know the entry rules of TMS but I dont want to sit infront of my laptop most of the time and thought about a set and forget process which puts odds in my favor.
Sell stop would be placed below 100 fib, and profit levels are 161/261.
Any advice?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-h4-forex-capital-markets-2.png Size: 66 KB
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