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Monitor for 'Trading Made Simple' system 565 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #58,741
  • Jul 14, 2015 12:59am Jul 14, 2015 12:59am
Quoting Amao
{quote} Hi Emmanuel..... thanks for your comment.... I notice that you have a multiple time frame candlestick and tdi indicator as per picture below: {image} Could you please share it.....

Hi Amao,

You will find the mini-charts information in post#58,294.

I only use them in training to show and explain how to view charts in multi-timeframe all in one screen.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,742
  • Jul 14, 2015 1:04am Jul 14, 2015 1:04am
Quoting emmanuel7788
USDCAD week ME/ME trades update 14 Jul: {image} taking small profits using 0.2% risk per trade while market is in sideways tight range. the trend was bullish and ran into consolidation. there is no point building short positions in such market type. we build shorts after a bearish trend and when market is in consolidation. building shorts in anticipation of a bearish reversal after a bullish trend is riskier. regards,

USDCAD 14 Jul London session.

Waking up and taking some small profits as market continues sideways.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD week 29 MEME 14 Jul update2 LO.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,743
  • Jul 14, 2015 1:10am Jul 14, 2015 1:10am
GBPUSD week 29 14 Jul update:

did this chart few hours ago but did not manage to post it before I fell asleep.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD week 29 ME_ME trades 14 July update.png Size: 78 KB


If you follow the market now when London open, you will see GU retraces lower. That reaction to the previous Day Pin Bar.

Let's watch how much lower it will go today before I find a nice level to add a 5th ME build pos.

Stay tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,744
  • Jul 14, 2015 1:17am Jul 14, 2015 1:17am
I was flipping back to Eric' many posts with images and found this funny one in post 658.

There are different traders, some are chartists, some are artists, some are ???.

We all have different views of the same market we trade in.

Attached Image




There is a trend in every chart timeframe. What you see depends on which timeframe you are looking at.

That is why the saying "Bulls make money, Bears make money, only pigs get slaughtered"
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,745
  • Jul 14, 2015 1:27am Jul 14, 2015 1:27am
pls traders got anyone the latest version of the synergy pro tdi for me?

Thx for helping.

Lazy
mia san mia since 1900
  • #58,746
  • Jul 14, 2015 1:28am Jul 14, 2015 1:28am
Quoting LazyTrad3r
pls traders got anyone the latest version of the synergy pro tdi for me? Thx for helping. Lazy

Latest Indicators:
The only two indicators which we use and the most recent versions are:-
the Synergy_Pro_APB which has the Price Action Channel build-in
the Synergy_Pro_TDI, an updated version which work in realtime market
these are found in the package Synergy_Pro zip : Post#50,241
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,747
  • Jul 14, 2015 1:35am Jul 14, 2015 1:35am
Quoting emmanuel7788
{quote} Latest Indicators: The only two indicators which we use and the most recent versions are:- the Synergy_Pro_APB which has the Price Action Channel build-in the Synergy_Pro_TDI, an updated version which work in realtime market these are found in the package Synergy_Pro zip : Post#50,241
Ok thx for advice.
For understand correct....you dont use Arrows,asr and dynamic s/r?

Lazy
mia san mia since 1900
  • #58,748
  • Jul 14, 2015 2:40am Jul 14, 2015 2:40am
Hi,

on pair eur/aud 1h, for me, is a buy signal, because red and green lines are going up and there are two blue candles.

I would know if i'm in the right direction.

Thank you.

Leonardo
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 249 KB
  • #58,749
  • Jul 14, 2015 2:45am Jul 14, 2015 2:45am
... and eur/usd on h4 is still going up, isn't it?

Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 249 KB
  • #58,750
  • Jul 14, 2015 2:52am Jul 14, 2015 2:52am
3 trades this week for now.
Yesterday made some mistakes - missed GBP/AUD moves and was late on EUR/AUD LO trade. Entered later on M15, but it was too late - finished as BE trade. On NYO was lack of momentum , trade gave only +15 pips and then price reversed. Closed with a small loss and decided to finish for the day.
Very nice and clear setup on LO+1 on EUR/AUD today. Took +52 pips. TP was set on 365EMA on M15 timeframe. Very nice one MA - use it on H1 and M15. Price often bounce of it, as it does today on both pairs - GA and EA on M15 timeframe.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 33 KB
  • #58,751
  • Jul 14, 2015 3:11am Jul 14, 2015 3:11am
Quoting emmanuel7788
{quote} Hi Amao, You will find the mini-charts information in post#58,294. I only use them in training to show and explain how to view charts in multi-timeframe all in one screen. regards,
Hi Emmanuel...... Thanks for sharing ....
  • #58,752
  • Jul 14, 2015 4:38am Jul 14, 2015 4:38am
Quoting emmanuel7788
GBPUSD week 29 14 Jul update: did this chart few hours ago but did not manage to post it before I fell asleep. {image} If you follow the market now when London open, you will see GU retraces lower. That reaction to the previous Day Pin Bar. Let's watch how much lower it will go today before I find a nice level to add a 5th ME build pos. Stay tuned!
GBPUSD ME/ME trades closed 14 Jul.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD week 29 ME_ME trades closed 14 Jul.png Size: 46 KB


Did not manage to find an entry for the 5th ME pos before the news.
News or not, the market will follow the higher timeframe direction. It is the 'knee-jerk' reaction to the news which most often take out all the intraday traders with small stops.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,753
  • Jul 14, 2015 4:42am Jul 14, 2015 4:42am
GBPUSD Big Picture:

where will GU go to next?
we do not know but we see the Historical Swing levels 1.57 above and no major resistance on the way up.
there is a nice rising channel which is in play since June.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD week 29 Big Picture update 14 Jul.png Size: 68 KB


Goods Trading days ahead for ME/ME traders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,754
  • Jul 14, 2015 5:40am Jul 14, 2015 5:40am
Quoting emmanuel7788
{quote} Hi elfanta, My view on USDCAD has been bullish since the past 3 weeks and until I see a bearish weekly candle close then I will update my Big Picture Plan. It will take at least 3 day candles to reverse this pair. Therefore staying on the buying side with position building is the better option. To answer the rest of your questions, please see a page taken out of my notes. {image} You need to work the position sizing on a spreadsheet like MS Excel. We all read Eric posts and we know he traded with single entry and single exit. he did not...
Thank you for the information. Yeah, it is hard to keep monitoring the charts when you have a job, which I do. However, I can certainly see the benefits of ME/ME. I tried to use ME/ME in USD/CAD, took only one entry because of the account size, and that's really a problem, if you want to use ME/ME you need to have room in our account for that. The USD/CAD gave me 23 pips, I didn't set any TP, I just took the trade, set a SL, and went to bed, I woke up and the price was going down, so, decided to close it, I should have set a TP target, anyways, it was a good trade overall, and I also took it in the 15m chart.
  • #58,755
  • Jul 14, 2015 5:56am Jul 14, 2015 5:56am
Tomorrow is going to be fun
1) Chinese GDP report
2) Yellen Speech
3) Greece
4) BoC Meeting
5) NZ Dairy Auction
  • #58,756
  • Jul 14, 2015 6:13am Jul 14, 2015 6:13am
Quoting emmanuel7788
GBPUSD Big Picture: where will GU go to next? we do not know but we see the Historical Swing levels 1.57 above and no major resistance on the way up. there is a nice rising channel which is in play since June. {image} Goods Trading days ahead for ME/ME traders.
emmanuel;

How about previous weekly high at 1.56280 ?

Won't you consider it as a resistance ?
  • #58,757
  • Jul 14, 2015 6:36am Jul 14, 2015 6:36am
Where should I set my take profit ?
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.PNG Size: 96 KB
  • #58,758
  • Jul 14, 2015 6:42am Jul 14, 2015 6:42am
Quoting farhad10
{quote} emmanuel; How about previous weekly high at 1.56280 ? Won't you consider it as a resistance ?
Hi farhad,

yes, it is resistance but I don't see any confluence with other support and resistance so I give that less weight. If this week's candle close above last week' high, we have a good PA setup for long next week.
Also look at last month's OHLC, the Close and High. These are the resistance levels I am looking at where my targets are.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,759
  • Jul 14, 2015 7:00am Jul 14, 2015 7:00am
Quoting elfanta
{quote} Thank you for the information. Yeah, it is hard to keep monitoring the charts when you have a job, which I do. However, I can certainly see the benefits of ME/ME. I tried to use ME/ME in USD/CAD, took only one entry because of the account size, and that's really a problem, if you want to use ME/ME you need to have room in our account for that. The USD/CAD gave me 23 pips, I didn't set any TP, I just took the trade, set a SL, and went to bed, I woke up and the price was going down, so, decided to close it, I should have set a TP target, anyways,...

Hi,

It took me 18 months to learn and practice in realtime this ME/ME money management strategy. I suggest you work on the how to calculate the position size of each ME entry using a fix initial SL and using percentage the account balance for each basket of trades. You need very good grasp this and when you see how it is done, then trading it will become easy with practice.

The end result after 18 months of hardwork and loss sleep is I have a trade manager which does all these automatically.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,760
  • Jul 14, 2015 8:04am Jul 14, 2015 8:04am
Quoting gido1001
Where should I set my take profit ? {image}
Hi Gido,

I'd put tp at 1.1080 and then 1.1110 (on the top of some previous candle)

Bye.

Leonardo
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