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Trading Made Simple

  • #58,121
  • Jun 22, 2015 12:15am Jun 22, 2015 12:15am
Quoting emmanuel7788
Trade Plan week 26: EURAUD 4H Swing Trading with Multiple Entries / Multiple Exits. Market type : Sideways Ranging. Weekly WRB with potential breakout of the WRB high. {image} For those interested to learn and follow, please post your questions and only trade on demo as forward testing. regards,
Hi Emmanuel, sorry for this dummy questions, what does EP(1,2,3) stand for ?.

So, let me see if I got it right. We should be looking for an entry on a retracement to the 50EMA, that would be the initial entry. Then, we should add more entries if the price retraces more(position building). What do you mean by 'scale-in positions when price moves above initial buy..' ?, does that mean that we should add more positions when price reaches our initial entry ?.

Now, about the 200EMA, we know that it is really hard for the price to break it, it usually touches it, some times it goes a few pips beyond and then pulls back. So, what do you mean by 'Look if price retraces to 200EMA...' ?

Than you so much for your effort, and the time you take to teach us.
  • #58,122
  • Jun 22, 2015 12:31am Jun 22, 2015 12:31am
Quoting emmanuel7788
Trade Plan week 26: EURAUD 4H Swing Trading with Multiple Entries / Multiple Exits. Market type : Sideways Ranging. Weekly WRB with potential breakout of the WRB high. {image} For those interested to learn and follow, please post your questions and only trade on demo as forward testing. regards,
Hi emmanuel 7788! DOL is at 1.4652. Will we not consider it as resistance in H4 TF? Thnx for your time.

Regards,
Winners Never Quit, Quitters Never Win
  • #58,123
  • Jun 22, 2015 12:34am Jun 22, 2015 12:34am
Quoting elfanta
{quote} Hi Emmanuel, sorry for this dummy questions, what does EP(1,2,3) stand for ?
Hi elfanta! Emmanuel gives u better answer, however, i think it stands for Expected Profit.
Winners Never Quit, Quitters Never Win
  • #58,124
  • Jun 22, 2015 3:03am Jun 22, 2015 3:03am
Hi everyone, i am new to this site and saw this trading system to be interesting and decided to give it a try. After reading some of the posts i have decided to give it a try to grow my demo account. I saw this signal on 1HR time frame where TDI crossover and candle turining red. I have enter a position. Please feel free to give comments on my trade.
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  • #58,125
  • Jun 22, 2015 3:10am Jun 22, 2015 3:10am
Quoting emmanuel7788
Trade Plan week 26: EURAUD 4H Swing Trading with Multiple Entries / Multiple Exits. Market type : Sideways Ranging. Weekly WRB with potential breakout of the WRB high. {image} For those interested to learn and follow, please post your questions and only trade on demo as forward testing. regards,
Thanks Emmanel.. Really appreciate your effort... Please keep posting these type of setups.

How would you scale our? ex. If we get a low retracement entry, would you start scaling out as we approach the WRB high

If it's not too much of an effort, can you please draw how you would do it?
  • #58,126
  • Jun 22, 2015 3:11am Jun 22, 2015 3:11am
There is signal in 4HR TF as well.
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  • #58,127
  • Jun 22, 2015 3:18am Jun 22, 2015 3:18am
Quoting elfanta
{quote} Hi Emmanuel, sorry for this dummy questions, what does EP(1,2,3) stand for ?. So, let me see if I got it right. We should be looking for an entry on a retracement to the 50EMA, that would be the initial entry. Then, we should add more entries if the price retraces more(position building). What do you mean by 'scale-in positions when price moves above initial buy..' ?, does that mean that we should add more positions when price reaches our initial entry ?. Now, about the 200EMA, we know that it is really hard for the price to break it, it...

Hi,

EP = Entry Price.
EP1, EP2 and EP3 will be scale in positions after the initial EP

We wait for the price to pull back to the 50EMA and look at the PA for a setup.

The 200EMA is usually where we see market reaction. No gaurantee for bounce. We always wait and look for PA around this 200EMA and also if there is confluence with other commonly used support and resistance like pivot S&R, Fibo levels, and also the Round Number 00 and 50.

Now we see the market is bearish and we will see the weekend gap covered. Wait....


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,128
  • Jun 22, 2015 3:22am Jun 22, 2015 3:22am
Quoting hsn100
{quote} Hi elfanta! Emmanuel gives u better answer, however, i think it stands for Expected Profit.

good guess... close but not quite correct. All my previous post i did mentioned and used the acronym EP often.
Targets are always TP1, TP2, TP3 etc....

Never expect profits. We manage the downside of all our trades and let the market manage the upside i.e. decide our profits
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,129
  • Jun 22, 2015 3:24am Jun 22, 2015 3:24am
Quoting hsn100
{quote} Hi emmanuel 7788! DOL is at 1.4652. Will we not consider it as resistance in H4 TF? Thnx for your time. Regards,

Hi,

what is Friday close price?
look at that price and today' open, what is the gap? ~ 49pips

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,130
  • Edited 3:50am Jun 22, 2015 3:26am | Edited 3:50am
Hi Emm,

if i have entry on H1, but analysis on H4

i want to put stop loss using ATR,

its use ATR(10)H1 x2 for stoploss or,

use ATR(10)H4 x2

what i should use?

i need add spread point or just that ATRx2?
  • #58,131
  • Jun 22, 2015 3:29am Jun 22, 2015 3:29am
EA trade. My broker 4 digits, so 4.5 means +45 pips. On my first live account, not bad, when I'm trying to achieve:

  1. Confidence on tms
  2. Discipline i.e, avoiding over-trade
  3. Consistency i.e, letting the law of averages work in my favor.

Attached Image (click to enlarge)
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Winners Never Quit, Quitters Never Win
  • #58,132
  • Jun 22, 2015 3:38am Jun 22, 2015 3:38am
Quoting emmanuel7788
{quote} good guess... close but not quite correct. All my previous post i did mentioned and used the acronym EP often. Targets are always TP1, TP2, TP3 etc.... Never expect profits. We manage the downside of all our trades and let the market manage the upside i.e. decide our profits
OOps missed that...........

Quote
emmanuel7788
Hi,
what is Friday close price?
look at that price and today' open, what is the gap? ~ 49pips

Got that!!!
Winners Never Quit, Quitters Never Win
  • #58,133
  • Jun 22, 2015 3:38am Jun 22, 2015 3:38am
Quoting hsn100
EA trade. My broker 4 digits, so 4.5 means +45 pips. On my first live account, not bad, when I'm trying to achieve: Confidence on tms Discipline i.e, avoiding over-trade Consistency i.e, letting the law of averages work in my favor. {image}
Well done
Your trade order needs to be in the right place at the right time.
  • #58,134
  • Jun 22, 2015 3:52am Jun 22, 2015 3:52am
Quoting emmanuel7788
Trade Plan week 26: EURAUD 4H Swing Trading with Multiple Entries / Multiple Exits. Market type : Sideways Ranging. Weekly WRB with potential breakout of the WRB high. {image} For those interested to learn and follow, please post your questions and only trade on demo as forward testing. regards,
Hi emmanuel
if we are sideways ranging on weekly what made you decide that you will be looking for buy set ups only?
Thanks
  • #58,135
  • Jun 22, 2015 4:19am Jun 22, 2015 4:19am
Big Emm/Seniors,

Was looking for setups in H1 in EU/GU/EA. Noticed one huge red candle after Frankie Open and didnt find any proper setups as :-

EU - Heading towards 200 EMA, Wide Range Candle
GU - Heading towards 200 EMA, Wide Range Candle, Towards DO
EA - Heading towards 200 EMA, Wide Range Candle

How would you advice trading in such conditions?
What accounted for such a strong move? Did not see any news attached to the move..

Zz
  • #58,136
  • Jun 22, 2015 4:27am Jun 22, 2015 4:27am
First trade of the week, GBP/USD +2.3 pips LO. Be careful, in 1 hour Extraordinary euro summit on Greece.
Attached Image (click to enlarge)
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  • #58,137
  • Edited 5:01am Jun 22, 2015 4:43am | Edited 5:01am
Quoting hishamzz
Big Emm/Seniors, Was looking for setups in H1 in EU/GU/EA. Noticed one huge red candle after Frankie Open and didnt find any proper setups as :- EU - Heading towards 200 EMA, Wide Range Candle GU - Heading towards 200 EMA, Wide Range Candle, Towards DO EA - Heading towards 200 EMA, Wide Range Candle How would you advice trading in such conditions? What accounted for such a strong move? Did not see any news attached to the move.. Zz
Hi,
I took EU and EA for +30 each. Not trading towards the 200ema is a good rule but if there is room for price to move set a lower target. I entered EU when price broke the RN (1.1350) and EA as price broke below FO and BRN (1.4600). Remember you will not always get 50 - 100 pips so set a realistic target.
The big moves were probably a reaction to overnight news about the Greek situation.
Hope this helps

PS Has EA set the London Low and what are AU and UJ doing ?
Never argue with a fool; onlookers may not be able to tell the difference.
  • #58,138
  • Edited 4:59am Jun 22, 2015 4:44am | Edited 4:59am
Quoting dreammore
Hi everyone, i am new to this site and saw this trading system to be interesting and decided to give it a try. After reading some of the posts i have decided to give it a try to grow my demo account. I saw this signal on 1HR time frame where TDI crossover and candle turining red. I have enter a position. Please feel free to give comments on my trade. {image}
you should take the entry at the open of that candle (its already crossed down in the previous candle....), and long is not recomended too becuz its near previous daily high (not enough space for price)unless you want to take the risk, i already took that trade and closed for +42 pip
Attached Image (click to enlarge)
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can i call this zero momentum on tdi?

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Take What You Can , Give Nothing Back
  • #58,139
  • Jun 22, 2015 4:59am Jun 22, 2015 4:59am
Quoting Lookleft
{quote} Hi, I took EU and EA for +30 each. Not trading towards the 200ema is a good rule but if there is room for price to move set a lower target. I entered EU when price broke the RN (1.1350) and EA as price broke below FO and BRN (1.4600). Remember you will not always get 50 - 100 pips so set a realistic target. The big moves were probably a reaction to overnight news about the Greek situation. Hope this helps
Which Indi do you use to mark the RBN? Do you manually do it?
  • #58,140
  • Jun 22, 2015 5:04am Jun 22, 2015 5:04am
Quoting rabhni
{quote} Which Indi do you use to mark the RBN? Do you manually do it?
It's called BN Levels v1.02 and is in the paperclip

Quoting Donquixote
{quote} can i call this zero momentum on tdi? {image}
Indicators follow price. What is price (APB/candle) telling you ?
Never argue with a fool; onlookers may not be able to tell the difference.
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