Trading Made Simple

Quoting AnalogKid

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I've been reading this thread for a while now and started demo trading the strategy about 1 1/2 weeks ago. Happy to say I have had 16 out of 21 winning trades. I trade larger lot sizes, taking smaller gains, while risking about 2% per trade. Thanks to all who post and provide commentary on others' trades. I was going to trade on live account today, but I overslept a bit and nothing is looking great today, plus it's a friday, so I'll be patient and wait until next week. I hope to post my trades as I go.

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Quoting Vladbold

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{quote} I watch the exact same 5 pairs. Thanks a lot for the quick answer. And big thanks to you and Big E - i now trade multiple exits based on his advice. Green pips to everyone, and looking forward to reading you usual weekend analysis!

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Quoting emmanuel7788

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{quote} Hi TSS, Here is a toy for you to play with since you trade with the 10EMA. This indicator will show you where the higher TFs 10EMA is in realtime on lower TF chart like H1. You know when price is near to the 10EMA of the higher TF and expect to see price reaction. {image} Note: there is no gaurantee that price will bounce from any moving average on the charts, it is just market reaction at the MAs. All moving averages are derived from the price, so the moving average will always catch up with the price not the other way around. The bigger...

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Quoting TheScorpS

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Thanks Emmanuel for the indi, I was amazed to read in "Pit Bull: Lessons from Wall Street's Champion Trad" book by Martin Schwartz about EMA 10, cant say enough about the enjoyment in reading that book

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Quoting heispark

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{quote} Thank you, Emmanuel. I am a indicator junky and happy to try it. By the way, is the following your 10 EMA setting? I made a quick keyword search but couldn't find any information. Perhaps, it's been answered in someway before. My apology if it's a lazy question... {image} I have 5 (shift2, typical price), 50 and 200 EMAs (zero shift, close price) on my chart. I find 50 and 200 EMA are useful, but I don't see 5 EMA is quite useful (or simply I don't have skill to use it properly. I adopted 5 EMA since Genesis system). I am considering...

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Quoting emmanuel7788

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{quote} Hi heispark, Just use the Exponential MA set to Close price. The 10/50,200 EMA are used in many trading systems and also in many automated systems. Do not use any shift on the moving average. The shift is also known as Displaced Moving Average used by professional traders like Joe Dinapoli. Google 'Displaced Moving Average' and you will find also a wikipedia on that. It is another way how traders use the 'shift' like some sort of a filter. You also find many platform provide template using this displace moving average in their platform....

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Quoting TheScorpS

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Sir Emmanuel, would you consider these 2 UCAD and EA H1 charts as inside bar breakout continuation entries with TMS, first chart forming almost 4 hours of consolidation inside bars Second chart , FO last candle formed inside bar, LO continuation so entry on the break of the inside bar with TMS PS. I dont trade UCAD, but using it as example {image} {image}

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Quoting MrAussieFX

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I'll be trading London Open from Monday onwards now and working during the day (Australian time). I'm very happy and looking forward to some good trading opportunities. I have been trying to get my work hours sorted out for the day for past 3 months now and now when all seems to be working as I thought the only thing left for me to do is proper planning before I take any trade, money management and patience. I'll be posting my LO charts from next week. Kindest Regards

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Quoting emmanuel7788

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What moves the currency market? Here is a short read for the weekend. {image} Enjoy!

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Quoting TheScorpS

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Sir Emmanuel, would you consider these 2 UCAD and EA H1 charts as inside bar breakout continuation entries with TMS, first chart forming almost 4 hours of consolidation inside bars Second chart , FO last candle formed inside bar, LO continuation so entry on the break of the inside bar with TMS PS. I dont trade UCAD, but using it as example {image} {image}

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Quoting emmanuel7788

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{quote} Hi TSS, Let's be casual, first name basis is just fine in FF and no need for that 'Sir'. On you USDCAD H1 chart, I see a double IB and that is good indication of price consolidation and potential for a breakout move . We just need to place our entry carefully. In post#261, Big E mentioned that we should look for consolidation at support and resistance. Using IB is juts one os several ways to help us identify market consolidation. Use that Inside Bar indicator I posted. Click to download....

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Quoting TheScorpS

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{quote} Thanks Emmanuel, I have a folder dedicated to inside bar trading, still forming a strategy for that, some ideas about it too, but that is still a work in progress, I guess it takes time until you become aware of the setup in your trading plan, this is one of the setup, the folder have been long and isnt updated for some time, I will keep it up todade tho, from day on About calling u Sir, I may have offended you in away that I wanted to show respect, please accept my apologies, I am sincerely sorry for that , and will take your word and call...

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Quoting emmanuel7788

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{quote} Hi TSS, No offence at all, no need for apologies. I know you are being polite and respectful. In the culture I was raised, the 'Sir' is meant for people in high society and I am just a humble servant of those high society. I am now retired and enjoying watching the sunset. On a sidenote, I too have a folder for Inside Bar trading. Wiil share with you some of my work done years ago. PM later. Kind regards,

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Quoting omonisha

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{quote} For me H1 this kind of set up is more reliable. An inside bar then a pullback any TF on a continuation trade. Hope Big EMU will explain with more detail.

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Quoting omonisha

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{quote} For me H1 this kind of set up is more reliable. An inside bar then a pullback any TF on a continuation trade. Hope Big EMU will explain with more detail.

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