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Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

Quoting mmarting
Sorry for the 2 posts, but right now I'm seeing this case, and I think it could be the "same" that in my previous screenshot (#56128, about USD/JPY). If I understand well, in this case I see a big candle (white rectangle), and his break on the 2 last candles. {image}
that is a H4 wide range bar and we do not take any H4 trade when PA is trapped within the high-low of this WRB.
that is market consolidation and we wait for the breakout. Same as the USDJPY H4 posted earlier.
we can trade in the lower TF H1 and M15.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week 17 H4 WRB.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
GBPAUD H1 London open trades. The LO candle is an Inside bar of the FO candle, I place my entry above the FO candle as the IB breakout. Now Pos 3 is protected at BE before NYO. {image}
Nice trade, emmanuel. I took the appox the same LO trade with different TP's. I set the third TP just below the resistance area around yesterday's high which was hit.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015.4.22.GA.H1.png Size: 74 KB
[quoting Phx62]Nice trade, emmanuel. I took the appox the same LO trade with different TP's. I set the third TP just below the resistance area around yesterday's high which was hit.[/quote]

Hi Phx62 and Big Eman!
Excellent trades congrats. Both of u r using CM effecaciously with excellent results. Would u plz share CM and specifically its setting u r using?
Regards,
Winners Never Quit, Quitters Never Win
Quoting Phx62
{quote} Nice trade, emmanuel. I took the appox the same LO trade with different TP's. I set the third TP just below the resistance area around yesterday's high which was hit.{image}
Hello. I am a new man. I am interested in your trading. And I have some questions about your templates.
How can you get these informations which red boxes marked.
Attached Image
Quoting Jordanlc
{quote} Hello. I am a new man. I am interested in your trading. And I have some questions about your templates. How can you get these informations which red boxes marked. {image}
Jordan,
You can see that by dragging the closed trades from account history on to any chart .
Quoting abofar
{quote} My thanks to all of you. Andy I don't know what is small candle from large candle, to my eye it looks big to your eye it may look small ? what is small and big candle in terms of pips ? All your points about consolidations and support and resistance is understood clearly , they will be great help I will look for that in the future. My broker time is GMT . I enter trade randomly at end of H4, do you have any suggestion that may help ? What do you mean by Post1?. I did not see any attachment pdfs , can you please post a link to "Emmanuell...
No trouble sir....

I have also linked some trainings pdfs that Phx62 &Emmanuel put out... Re-read these over and over, they helped me a lot these are better than anything I could post tbh.

You should seriously read these over and over and really pay attention to the candle size they are trading and locations (I still refer to them every now and again)

Post #52,707 (Emmanuell's TMS beginner pdf)
Post #53,841 (Emannuel's big picture planning example pdf)
Post #45,350 (Phx's training pdfs)

Sorry couldn't get these to link, but if your serious about learning this method, clicking back a few pages won't kill you The information is gold, literally.
Re-read Re-Read
Quoting emmanuel7788
{quote} Hi fortunemaker, Many traders use the 50EMA and 200EMA as dynamic support and resistance. But it will more effective to use them to look at CONFLUENCE with other common support and resistance and look at the price action. Below is an example using GBPUSD. To see how I did the entry, you have to switch to M15 and see how the PA reacted at the 200EMA on M15 chart TF. {image} {image} regards,
Hi Emmanuel,

Thank you very much for your reply. Is there any way to know volatility of pairs and their best time to trade. Any indicator or website. Thanks.
Quoting fortunemaker
{quote} Hi Emmanuel, Thank you very much for your reply. Is there any way to know volatility of pairs and their best time to trade. Any indicator or website. Thanks.
https://www.mataf.net/en/tools/02-01-volatility
Best regards, Zef
Quoting Jordanlc
{quote} Hello. I am a new man. I am interested in your trading. And I have some questions about your templates. How can you get these informations which red boxes marked. {image}
The information you asked about is all in the thread and has been addressed several times. The best thing you could do is read, study and search that information out. A good place to start is the paperclip at the top of the thread.
This time, I will answer this again. The indicator at the top of the chart is one that was developed by a friend of mine and I paid him to provide it to me. It is not for sale. There are similar indicators that you can find for free in other threads and doing a Google search.
The arrows and lines indicating completed trades are easy to put on the chart. If you are using MetaTrader charts, open the View tab and click on Terminal. Open that tool and go to Account History. Run your cursor to a trade you want to enter on the chart and hold down the left mouse button and drag that information to your chart and release the button. The entry, exit, SL, TP will appear on the charts showing your trade. For the purposes of posting my charts, I also drop a dotted line over the entry so readers can see the position of the TDI when the trade was taken. I also add the pip count just for the purposes of posting the chart to the thread.
Hope this is what you were looking for.
Quoting fortunemaker
{quote} Hi Emmanuel, Thank you very much for your reply. Is there any way to know volatility of pairs and their best time to trade. Any indicator or website. Thanks.

Hi fortunemaker,


First, Dean Malone who created Synergy Pro has a volatility indicator as part of Synergy Pro. You'll find it in the paperclip folder above. Secondly Dean has created an excellent free video on how best to use the indicator. You'll find it at compassfx.com under Forex Videos. The category to click on is 'Synergy Pro and the TDI'. The video is called:

Volatility: The driving force in Forex trading.
5/18/2010
Waiting for a technical pullback in order to go short on EURGBP...
TRO MULTI METER CANDLE COLOR RE-CODING

This indicator shows TF direction directly on your screen.

Re-coded this widely circulated TRO meter:
Hidden labels;
Replaced bars with TF names so no cluttering on the screen anymore (got inspired by Phx62's templates)!
Reduced M1 and M5 TF (hidden).

Any suggestions welcomed.

Read about TRO before using.

Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt1.png Size: 26 KB
Attached File(s)
File Type: ex4 TRO_Multi_Meter_CandleColor.ex4   17 KB | 562 downloads
File Type: mq4 TRO_Multi_Meter_CandleColor.mq4   15 KB | 589 downloads
Best regards, Zef
Quoting fortunemaker
{quote} ... Is there any way to know volatility of pairs and their best time to trade. Any indicator or website. Thanks.

  1. Post 37,879

Quoting ZeF
TRO MULTI METER CANDLE COLOR RE-CODING This indicator shows TF direction directly on your screen. Re-coded this widely circulated TRO meter: Hidden labels; Replaced bars with TF names so no cluttering on the screen anymore (got inspired by Phx62's templates)! Reduced M1 and M5 TF (hidden). Any suggestions welcomed. Read about TRO before using. {image} {image} {file} {file}

Thanks very much ZeF.
Good to have another coder in our TMS family.
Will try it later.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Phx62
{quote} Nice trade, emmanuel. I took the appox the same LO trade with different TP's. I set the third TP just below the resistance area around yesterday's high which was hit.{image}
Hi Phx62,

Good trades too!

I kept my TP3 at 100pips using the buy script. It was my bedtime when NY open, so I left the 3rd pos protected at BE.
Trades got closed on target. It was a good day trading H1 yesterday.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD week 17 22 Apr H1 trades closed.png Size: 49 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting mmarting
Thank you emmanuel. I have another screenshot. In this case I am assuming that it could be a bounce (blue rectangle), because of this I opened a BUY position (vertical red line). Am I in the correct way? {image}

Hi mmarting,

AUDUSD H4 we saw a pull back from .07800, but with China PMI data release in about 2 hours this morning Sydney, there will be volatility later.
Wait and see if it will re-test this 0.788 and head further up to last week' high.
Note, AU is in a weekly range and its high is 0.7850. It can either test this high or reverses back to the low 0.7600.
When it is trapped in Weekly range, trading H4 and H1 is good.

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

We had discussions with member mmarting yesterday on USDJPY and EURUSD H4 chart yesterday.
See chart below with details.
UJ show a breakout
EU still in consolidation.

These are examples how I look at real price bar size and determine if the TDI cross is a A+++ setup.
I always have the real price bar with the APB/HA.
This is my way how I interpret Post#647 and use that as my TMS checklist.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 22 Apr H4 breakout.png Size: 47 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week 17 H4 WRB.png Size: 25 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
GBPCAD week 17 22 Apr D1 chart: A few of us discussing this pair today. What I see is there is consolidation now that the price action is supported at a Historical swing level around 1.8150. Too early to buy on D1 chart. Trading in the lower TF like H4 and H1 is better until we see the next big move. {image}

Nice move up during London session yesterday.
D1 chart show sign of a bullish reversal but still early in my view. So trading today is best to be on H1.
H4 is in same situation as UJ and EU explained in post above.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD week 17 D1 chart 23 Apr.png Size: 87 KB


If you are trading longer term on D1 chart, I will wait till next week to see this week's completion because the MN is very bearish.
On D1 chart, I wait till I see both the TDI Green and Red are above its 20-day moving average and the PA is trending above the D1 PAC.
You have to consider position building when you trade longer term.

Good trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting hsn100
[quoting Phx62]Nice trade, emmanuel. I took the appox the same LO trade with different TP's. I set the third TP just below the resistance area around yesterday's high which was hit.
Hi Phx62 and Big Eman! Excellent trades congrats. Both of u r using CM effecaciously with excellent results. Would u plz share CM and specifically its setting u r using? Regards,[/quote]


Hi hsn,

There is a pdf description which explains the THV Cavemanager trade manager EA.
The features and setting options are there.

THV Cavemanager EA
Both the pdf description and EA in Post#30,032

If you have question on setting specific feature and exit according to your trade exit strategy, you can post here and I will help you with the actual settings.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Aussie and Kiwi pairs move early...without me...

be careful when CNY PMI release.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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