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Trading Made Simple

  • #58,021
  • Jun 17, 2015 9:03pm Jun 17, 2015 9:03pm
Quoting emmanuel7788
EURAUD D chart for tomorrow trading: To Buy or Not to Buy....? {image} Must wait for today D1 candle to close to confirm if that is a setup candle.

EURAUD D chart:
The 17 Jun D setup candle was good. But we are in the previous swing zones seen to left of your chart. It will be choppy on its way up. But with current market sentiments, I see potential targets above- 1.482, 1.492 and 1.502. ME/ME will work best in this market type.


Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD D1 chart 18Jun setup Open.png Size: 94 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,022
  • Jun 17, 2015 9:08pm Jun 17, 2015 9:08pm
Quoting nbfx
{quote} Hi Emmanuel You clearly use this method successfully so I wonder if you could answer a few questions. Q1) How do you determine the entry price? (price indicated by HA candles and actual market prices can differ wildly) Q2) Are you entering on the close/open next bar price blindly or do you have some method to strip out larger moves that occur quickly but smooth out on the HA candles? Q3) Why is it called the 5 Method? I read the first x pages and saw nothing to explain the name so just curious. Q4) How are you filtering your trades? Essentially...
Hi NB,
Great questions.
I'll reply these later as I need to find some time to do this.
This week is unusually busy as I need to close one of my current brokers (GFT) and move to a new one. This means I have to learn a new trading platform non-MT4.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,023
  • Jun 17, 2015 9:18pm Jun 17, 2015 9:18pm
Quoting hsn100
Hi Emmanuel 7788! I'm going long on EU with CM as per your settings , plz check it out and is that valid entry? Regards, {image}

HI HSN,

since your are using Trailing the prev candle low, you should look at the low of 17Jun and the nos of pips from your entry price. Price has been choppy and small range on D.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,024
  • Jun 17, 2015 9:36pm Jun 17, 2015 9:36pm
Quoting emmanuel7788
{quote} Very good reply to that question...
Thanks Emmanuel

Kindest regards
  • #58,025
  • Jun 18, 2015 1:06am Jun 18, 2015 1:06am
Quoting emmanuel7788
{quote} euraud d chart: The 17 jun d setup candle was good. But we are in the previous swing zones seen to left of your chart. It will be choppy on its way up. But with current market sentiments, i see potential targets above- 1.482, 1.492 and 1.502. Me/me will work best in this market type. {image}
hello emmanuel, pls where can i download the tdi version on ur chart?
  • #58,026
  • Jun 18, 2015 2:13am Jun 18, 2015 2:13am
Entered this trade, I see all conditions for TMS are met..Any comments?
Attached Image (click to enlarge)
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  • #58,027
  • Jun 18, 2015 3:12am Jun 18, 2015 3:12am
EURAUD-H1
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-18_14-05-35EURAUD-H1.png Size: 34 KB
Sad i'm not trying to understand PA
  • #58,028
  • Jun 18, 2015 3:25am Jun 18, 2015 3:25am
Good morning everybody,

Three opportunities at FKT and LO open, H1, +17.7 pips.
Attached Image (click to enlarge)
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  • #58,029
  • Jun 18, 2015 4:02am Jun 18, 2015 4:02am
GU +50
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  • #58,030
  • Edited 4:42am Jun 18, 2015 4:27am | Edited 4:42am
AUDUSD D1 chart outlook:

AU has been trading in the range of the WRB for many days. Today we see first sign of it breaking the WRB High but we msut wait for today d1 candle to close to see if it will close above the WRB High.
Until we see celar sign of AU bullist strength, we can only trade the lower TF H4 and H1. I prefer H1 as the range is only about 190 pips.
Remember we use that WRB High Low as support and resistance in the lower TF trading and not forgetting the other S&Rs commonly used and the RN.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD week 25 D1 18 Jun.png Size: 53 KB


With weaker USD, we see the 3 Amigos riding in the same direction, hence EURAUD and GBPAUD can be ranging in short term.

Edit: Forgot to mention we have a Weekly Inside bar setup too.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,031
  • Jun 18, 2015 4:32am Jun 18, 2015 4:32am
Quoting mkfx
GU +50 {image}

Nice trade!

Remember what Big E taught on trading GU M15 in the Craig Harris Stochastics thread. The Tokyo channel and how it is being used.
Till today this Tokyo channel is still of good use when we trade GU M15 during the London session.
You don't need all those extra indicators below the price chart. Just one TDI, the APB/HA and the 5EMA,Typical, Shift+3 and the Tokyo channel.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,032
  • Jun 18, 2015 4:38am Jun 18, 2015 4:38am
Quoting radiant
{quote} hello emmanuel, pls where can i download the tdi version on ur chart?

Hi,

you can download the TDI-RT (realtime) version in post#16,370
http://www.forexfactory.com/showthre...12#post6540312

or the Synergy_Pro_TDI which is found in the package Synergy_Pro zip : Post#50,241

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,033
  • Jun 18, 2015 5:13am Jun 18, 2015 5:13am
Took 2 trades today. Didn't take them at London Open, because a lot of fakes around this time. Waited until price decide the direction. Took EUR/AUD first, because situation was much more clear there. Also there were GBP news, so had to wait how they will influence on GBP/AUD. After EUR/AUD was already in BE area took GBP/AUD trade also. EA closed manually when it becomes to pullback, GA reached the TP quickly with the fast move.
So +90 for today. On monday had one trade with +30 and on tuesday had a loss -35 pips. Wednesday i missed all good moves at LO. I am near to my usual weekly target at 100 pips.
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #58,034
  • Jun 18, 2015 5:25am Jun 18, 2015 5:25am
Quoting emmanuel7788
{quote} Nice trade! Remember what Big E taught on trading GU M15 in the Craig Harris Stochastics thread. The Tokyo channel and how it is being used. Till today this Tokyo channel is still of good use when we trade GU M15 during the London session. You don't need all those extra indicators below the price chart. Just one TDI, the APB/HA and the 5EMA,Typical, Shift+3 and the Tokyo channel.
Thanks Emmanuel
  • #58,035
  • Jun 18, 2015 5:28am Jun 18, 2015 5:28am
Quoting toledoFX
Took 2 trades today. Didn't take them at London Open, because a lot of fakes around this time. Waited until price decide the direction. Took EUR/AUD first, because situation was much more clear there. Also there were GBP news, so had to wait how they will influence on GBP/AUD. After EUR/AUD was already in BE area took GBP/AUD trade also. EA closed manually when it becomes to pullback, GA reached the TP quickly with the fast move. So +90 for today. On monday had one trade with +30 and on tuesday had a loss -35 pips. Wednesday i missed all good moves...

Very nice trades. I like this type of setups
  • #58,036
  • Jun 18, 2015 5:40am Jun 18, 2015 5:40am
Quoting toledoFX
Took 2 trades today. Didn't take them at London Open, because a lot of fakes around this time. Waited until price decide the direction. Took EUR/AUD first, because situation was much more clear there. Also there were GBP news, so had to wait how they will influence on GBP/AUD. After EUR/AUD was already in BE area took GBP/AUD trade also. EA closed manually when it becomes to pullback, GA reached the TP quickly with the fast move. So +90 for today. On monday had one trade with +30 and on tuesday had a loss -35 pips. Wednesday i missed all good moves...
Nice clean trade toledoFX
Sad i'm not trying to understand PA
  • #58,037
  • Edited 6:17am Jun 18, 2015 5:45am | Edited 6:17am
Learn from Emm,

When we trade TMS 4H, we look for trending market type.
TMS is not good for trading when market is in narrow range and in consolidation.
After MC breakout, seen in D chart.
But, I see a D1 wide range bar/ candle and now that D1 WRB show as a master candle, I don't trade any TDI cross when PA is in the MC range.
I wait for a breakout of that MC. When there is a breakout candle and confirm with the TDI, then I take the breakout as my A+++ trade setup.
Now I can go down to lower TF like H1 to see if there is setup for a low TF entry.

But at lower TF H1, where i place TP and SL?

SL= High/Low WRB H4?

TP=?

and how long this setup is valid? untill WRB D1 appear again?
according to that picture, all position just buyer only untill WRB D1 appear?


Attached Image (click to enlarge)
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  • #58,038
  • Jun 18, 2015 6:42am Jun 18, 2015 6:42am
Quoting mkfx
{quote} Thanks Emmanuel
Excuse me, the index of green candle transform into a red candle, or the red candle transform into green candle, there is not a bomb box, early warning can be used in any cycle, such as 5 minutes, 15 minutes, 30 minutes, 60 minutes,Where is the link to download, thank you very much for the answer to Mr. administrator or Ms..
  • #58,039
  • Jun 18, 2015 6:54am Jun 18, 2015 6:54am
Quoting mkfx
{quote} Very nice trades. I like this type of setups
Thank you! You have very nice trades as well!

Quoting omonisha
{quote} Nice clean trade toledoFX
Thank you, Omonisha! My EUR/AUD is not so beautiful as yours... But have no possibility to be near computer at that time before FO. And your trade is really beautiful after double top and divergence. Very well!
  • #58,040
  • Jun 18, 2015 7:37am Jun 18, 2015 7:37am
so hard finding setups when the days are full of news
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