Trading Made Simple

Quoting emmanuel7788

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{quote} Hi, Unless you are 'scalping' the M30, you should observe the higher TF H4 price action for higher probability trades. Scalping require high win rate over long term to be profitable. What is that matrix indicator below your TDI? if that show MTF Heiken Ashi HA, then you should change that to show APB instead. regards,

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Quoting emmanuel7788

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(1) SYD_2H range breakout...Trade only AUDUSD, AUDJPY and EURJPY
(2) TOK_5H channel breakout. Quite similar to the SYD_2H range breakout, except this one I use the Tokyo first 5 hours range (40pips max) and trade when price action shows a breakout of the narrow TOK_5H range.

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Quoting since80808

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Hello Emmanuel! I want to ask you about part #2 of your 2015.pdf {quote} a. Which pairs to use at TOK_5H? Same AUDUSD, AUDJPY and EURJPY? For example, AUDJPY is never <40pips at TOK_5H. b. How long are you looking for TOK_5H channel breakout PA? Untill the next TO? Thank you for your time and attention!

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Quoting WayneTech

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{quote} I entered a buy trade on m30 because h4 timeframe shows bullish trend, PA shows it might go up to the previous weekly high which is about 150 pips and tdi cross on m30 is a nice setup. The MTF matrix below in my observation is a confirmation if the TDI crosses happens on this three timeframes. If the three timeframes shows green color then it is a confirmation that the TDI crosses are already on a bullish trend. Since I'm only a newbie, I'm using this as an additional tool but later on, I'll be getting rid of this indicator. Thankyou for...

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Quoting emmanuel7788

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{quote} Hi, It is intraday trading on H1. You can trade these pairs EURUSD, EURJPY, GBPUSD as well as AUDUSD and AUDJPY. Also the high range pairs like EURAUD, EURNZD, GBPAUD and GBPNZD are good. The trading hours and explanations are in the pic below: {image} regards,

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Quoting emmanuel7788

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{quote} that's a classic TOK_5H setup trade ...but you were late in entry.

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Quoting WayneTech

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{quote} Ah! so the entry should've been earlier probably on a lower TF? m15?

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Quoting emmanuel7788

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{quote} Hi, It is intraday trading on H1. You can trade these pairs EURUSD, EURJPY, GBPUSD as well as AUDUSD and AUDJPY. Also the high range pairs like EURAUD, EURNZD, GBPAUD and GBPNZD are good. The trading hours and explanations are in the pic below: {image} regards,

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Quoting since80808

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{quote} What did you mean: I use the Tokyo first 5 hours range (40pips max) ? I mentioned that AJ range is never so small (40pips)

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Quoting emmanuel7788

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{quote} 40pips or 41pips, does that matter? there are so many pairs to trade and there will be enough to give you 3 trades a week. today AU and AJ are 2 trades. did you see them? these are better than DOTS.

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Quoting since80808

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{quote} No-no! I don't troll you. I mean I saw AJ is usually 60-80 pips and afraid am I right with your instructions I see AJ today this way: vertical blue line is end of TOK+5 horisontal blue line is TOK+5 low "check" candle is PA of breakout (2 prvious candles are not showing a sure breakout) open of the "arrow" candle is my entry Hope I understand you Thank you! {image}

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Quoting emmanuel7788

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{quote} check your market hour again

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Quoting emmanuel7788

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{quote} 40pips or 41pips, does that matter? there are so many pairs to trade and there will be enough to give you 3 trades a week. today AU and AJ are 2 trades. did you see them? {image} {image} these are better than DOTS.

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Quoting okoso

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{quote} Dear Emmanuel I have been trying to study your H1 trading for 2015 pdf. May I have some questions: - Where do you place your stop loss? Is it at the other and of the TOK_5H channel? - It seems like in the AUD/USD and AUD/JPY trades, the risk is more than reward? i.e AUD/USD has TP+15 ans SL-20. Do I understand it correctly? - What is the trade rule on TOK_5H channel breakout? narrower the range better? - I was searching for your explanations of H1 trade setups but could find many. Can please give me direction? Thank you very much for your...

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Quoting emmanuel7788

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{quote} Hi Okoso, I think this post TOK_5H Post#34,808 and the attached pdf will answer your questions. Forget about the two earlier charts on AU and AJ. That 'stupid' indicator was something I did long time ago for back-testing. You are right about the poor R:R looking at the Entry, TP and SL printed by the indicator. One thing you will notice is that when market is trending nicely, the price seldom return back into the narrow TOK_5H range during the trading day. It is...

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