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Trading Made Simple

  • #60,141
  • Aug 30, 2015 8:59pm Aug 30, 2015 8:59pm
Hi Emmanuel,

Price or the candle is yet to close outside the 5 EMA channel
  • #60,142
  • Aug 30, 2015 9:07pm Aug 30, 2015 9:07pm
Quoting emmanuel7788
TMS Monitor 31 Aug TOK+1 {image} What are the risks of this trade?
How can i make this template?
  • #60,143
  • Aug 31, 2015 1:20am Aug 31, 2015 1:20am
Moving Average above Price and sloping down??

DD
  • #60,144
  • Aug 31, 2015 2:42am Aug 31, 2015 2:42am
Quoting mfj
{quote} Just a little more attention to the red candle. Irrespective of its color, concentrate on its open, close and placement. Also, check small line under these candles going up.
Noted.
  • #60,145
  • Aug 31, 2015 2:43am Aug 31, 2015 2:43am
Quoting TheScorpS
{quote} Do you see blue setup candle followed by red before my entry? That first blue candle was my setup candle , I did want to get long on the very next bar that turned later red, but was not convinced , so waited one more hour, when entry candle moved away from NYO and LO low, I went long on M15 chart for more confirmation.
It's clearer now. Thanks!
  • #60,146
  • Aug 31, 2015 2:46am Aug 31, 2015 2:46am
I went long on UC, M30.
Attached Image (click to enlarge)
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  • #60,147
  • Aug 31, 2015 3:07am Aug 31, 2015 3:07am
Quoting emmanuel7788
Hi Folks, Just close some ME/ME basket of trades before London session close today. Another terrific week trading the EUR and GBP crosses. Manage to grow this account from last week's $161K to $187K this week. This account started on 23 June 2015 and now completed 8 trading weeks. {image} Last week's trade post#59,567 regards,
this is very motivating but , it seem require high skill and experience to make that happen.
Thanks big emm for the motivation.
Take What You Can , Give Nothing Back
  • #60,148
  • Aug 31, 2015 3:13am Aug 31, 2015 3:13am
Quoting Donquixote
{quote} this is very motivating but , it seem require high skill and experience to make that happen. Thanks big emm for the motivation.
I am just sticking to 20 pips a day from TMS for now. And when I have his experience, skills and knowledge, I can aim for more.
I hope your trading goes well, Donquixote. I know you from Arjun's thread.
  • #60,149
  • Aug 31, 2015 3:23am Aug 31, 2015 3:23am
Divergence spotted on EU, H4. I'll keep an eye for longs on M30.
Attached Image (click to enlarge)
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  • #60,150
  • Aug 31, 2015 3:31am Aug 31, 2015 3:31am
Quoting catalin_eros
Divergence spotted on EU, H4. I'll keep an eye for longs on M30. {image}
If you want to trade Divergence, you should first read this and understand the correct way to spot trend and divergence.

e-book "RSI: The Complete Guide" Post#27,110 by John Hayden

The Truth about Divergence ... read Chapter 4 Page 65.

Trend Determination using the RSI (TDI) Post#26,774
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,151
  • Aug 31, 2015 3:41am Aug 31, 2015 3:41am
Quoting Donquixote
{quote} this is very motivating but , it seem require high skill and experience to make that happen. Thanks big emm for the motivation.
The "high skills" can be acquired through following a structured program to develop yourself to become a successful trader. You don't find any courses in universities.
I believe everyone who aspire to be a successful trader must have some sort of a roadmap plan to follow. You won't make it by picking up things in public forum.
You need some kind of blueprint to trading success to help you in your development.

Listen to this audio click Link.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,152
  • Aug 31, 2015 3:42am Aug 31, 2015 3:42am
Question for Emmanuel:
In the first pic, the trend is up on the H4, but the TDI does not look good.
Attached Image (click to enlarge)
Click to Enlarge Name: FF.jpg Size: 104 KB

In the second pic, the TDI looks ok for a long bounce trade on the M30.
Attached Image (click to enlarge)
Click to Enlarge Name: FF2.jpg Size: 97 KB

Are we good to go long on M30, based on the PA trend on the higher TF (H4), although the TDI does not look good on the higher TF?
  • #60,153
  • Aug 31, 2015 3:43am Aug 31, 2015 3:43am
Quoting yuki0912
{quote} How can i make this template?
Monitor for Trading Made Simple

http://www.forexfactory.com/showthread.php?t=303347
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,154
  • Aug 31, 2015 3:45am Aug 31, 2015 3:45am
Quoting emmanuel7788
{quote} If you want to trade Divergence, you should first read this and understand the correct way to spot trend and divergence. e-book "RSI: The Complete Guide" Post#27,110 by John Hayden The Truth about Divergence ... read Chapter 4 Page 65. Trend Determination using the RSI (TDI) Post#26,774
Thanks, Emmanuel!
Very helpful, as usual.
  • #60,155
  • Aug 31, 2015 3:58am Aug 31, 2015 3:58am
Quoting emmanuel7788
{quote} Monitor for Trading Made Simple http://www.forexfactory.com/showthread.php?t=303347
Nice. Thanks Em.
  • #60,156
  • Aug 31, 2015 3:59am Aug 31, 2015 3:59am
Quoting emmanuel7788
{quote} Monitor for Trading Made Simple http://www.forexfactory.com/showthread.php?t=303347
Thank you　emma!
  • #60,157
  • Aug 31, 2015 4:13am Aug 31, 2015 4:13am
Quoting emmanuel7788
{quote} Hi Guido, That is possible to grow this account to one million and I would be in the league of millionaire traders. But that wont happen because that is not my plan to grow this account to one million dollars. I only post this account here to show the members who PM me and ask many questions about trading, becoming full-time trader, what account size, is trading for a living possible, etc. We are at month end and I will do my usual withdrawal and get back to the starting base account $50K next month. An important lesson learned from the...
I have to agree with the drawdown. As a novice trader, if it goes down further than 30%, it is nearly impossible to climb back up again.

Still I do not want to give up trading full time one day and I think I am slowly managing my emotions well and taking the right risks. Putting back the profits back into real estate is a brilliant idea which I hope to achieve too one day.


Lastly, Emmanuel's result is a true testimony that forex trading is actually achievable. Many of us fail with too many unrealistic expectations and not knowing how to manage our trades.
  • #60,158
  • Aug 31, 2015 5:47am Aug 31, 2015 5:47am
Quoting emmanuel7788
TMS Monitor 31 Aug TOK+1 {image} What are the risks of this trade?
Hi emmanuel
My thoughts...
Firstly, it would be buying into resistance level previously a support level broken by a strong downward move.
Previous swing high rejected so many sellers at that level making it harder for price to move higher. Will see bounce as sellers taking profits after strong move down.
TDI market base line (yellow) still sloping down, another cross in my book.
I would stand on the side lines and wait for TDI bounce to the downside watching price action for possible trade.
Im usually interested in either H1 and H4 signals on the monitor to start analysing possible trades.

Thanks
DownUnder..
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By failing to prepare, you are preparing to fail - Benjamin Franklin
  • #60,159
  • Aug 31, 2015 6:22am Aug 31, 2015 6:22am
Quoting emmanuel7788
{quote} I believe everyone who aspire to be a successful trader must have some sort of a roadmap plan to follow.
Absolutely. But novice gets a huge amount of new specific information. In the chaos of information. And not even a novice prdestavlyaet where to begin and how to organize the study of trading. Especially considering that in the end of every successful tredera produced its own style.
Gradually draw up its own plan of study TMS.
  • #60,160
  • Aug 31, 2015 7:39am Aug 31, 2015 7:39am
euraud nice signal long
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