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Trading Made Simple

  • #60,961
  • Sep 29, 2015 12:25pm Sep 29, 2015 12:25pm
Quoting emmanuel7788
{quote} Big Picture Planning ; Post#27,200 Post#30,541
Very useful post. Thank you. Especially well for Big Picture Planning pdf.
  • #60,962
  • Sep 29, 2015 1:31pm Sep 29, 2015 1:31pm
Hi Emmanuel, where can I read more about ME/ME strategy? I'm unable to use this term on search here it return 0 results. Do you see the HTF trend direction, go to LTF and buy low/sell high?
Thanks
  • #60,963
  • Sep 29, 2015 2:40pm Sep 29, 2015 2:40pm
Quoting mokuro89
Hi Emmanuel, where can I read more about ME/ME strategy? I'm unable to use this term on search here it return 0 results. Do you see the HTF trend direction, go to LTF and buy low/sell high? Thanks
Hi Mokuro,

Here are 2 posts I know of on ME that I know of. Possible Emmanuel can provide some more insight.

http://www.forexfactory.com/showthre...91#post6739091
http://www.forexfactory.com/showthre...92#post8380092

Best,
  • #60,964
  • Sep 29, 2015 2:42pm Sep 29, 2015 2:42pm
Quoting tibovwh
{quote} Hi Mokuro, Here are 2 posts I know of on ME that I know of. Possible Emmanuel can provide some more insight. http://www.forexfactory.com/showthre...91#post6739091 http://www.forexfactory.com/showthre...92#post8380092 Best,
hi tibovwh, these are exactly what I was looking for. thanks!
  • #60,965
  • Sep 29, 2015 5:28pm Sep 29, 2015 5:28pm
USDJPY week 40 H4 Wide Range bar WRB example:

UJ is sideways trading in the range of that H4 WRB.
One simple rule is to avoid trading the TMS 5-Method setup after a WRB.
WRB is a 'big candle' is an early warning.
Big E in his Post#647, tells us to check several PA stuff when we want to take a TDI trade

Attached Image (click to enlarge)
Click to Enlarge Name: USD week 40 H4 WRB example.png Size: 65 KB


When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area

Are the previous candles small...

Look at the candles on the last reversal... big, little, what

How does the momentum look right now (12-2, 4-6)

Does Stoch's confirm the TDI signal

Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it...

when you can answer every of these checklist questions above, you will be able to write your own trading rules.

Now we wait for the trade opportunity.

Take a look at the Monthly chart because today is the last trading day of this month.

Have a good trading day.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,966
  • Sep 29, 2015 5:40pm Sep 29, 2015 5:40pm
Quoting Jordanlc
{quote} Hi emmanuel7788. I have no idea about de PAC. What is that means? The price channel means 5EMA & 9EMA make it or not?
Hi,

Here are some previous posts on PAC.

Price Action Channel
Synergy PAC Post#21,284
Comparing Synergy PAC and Synergy_Pro PAC: Post# 54,119

High Probability Trading using Moving Average: Post#42,728

Please setup your trading chart and start posting with chart and questions.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,967
  • Sep 29, 2015 5:49pm Sep 29, 2015 5:49pm
Quoting mokuro89
Hi Emmanuel, where can I read more about ME/ME strategy? I'm unable to use this term on search here it return 0 results. Do you see the HTF trend direction, go to LTF and buy low/sell high? Thanks

Hi,

Always determine which TF is your Primary Trend or dominant trend when we trade.
When I trade 4H swing, my Primary Trend is Weekly.
When I trade intraday H1, my dominant trend is H4.
But we need to align the multi timeframe in all cases.
How to align multi-timeframe: {click}

Question some may ask: Did Big E trade multiple entries?
Read his posts below.
Big E on using multiple entries in the CHS thread
Post#2622 , Post#2629 , Post#2771 and Post#2912

regards,

Attached Image


Attached Image (click to enlarge)
Click to Enlarge Name: Market Trends M15 H1 H4.png Size: 372 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,968
  • Sep 29, 2015 8:58pm Sep 29, 2015 8:58pm
Probably the best thread on FF this one. Reading and note taking as much as possible keep up the great work amazing effort
  • #60,969
  • Sep 29, 2015 9:21pm Sep 29, 2015 9:21pm
Thanks tibovwh.
Quoting tibovwh
{quote} Rabhni, I saw the same setup. I hope lookleft can answer this. But here is my 2 cents because I tried my hands on a 4H trade building position (ME). I'm currently still in it with average entry 181.65 and S/L 180.90 Your S/L was only 1x ATR(10) and the setup candle was kind of large.. I would have adjusted my position to place my S/L below the low of the setup candle (181) This is a trade into the 200EMA however so it is countertrend. but there is regular bullish divergence and some room to EMA so perhaps a reversal. I hope you were demo...
  • #60,970
  • Sep 29, 2015 9:45pm Sep 29, 2015 9:45pm
Quoting Spades
{quote} Hi WJW, How's trading going? Please could you upload the TDI indicator that shows signal for different timeframes, the *RecentCandles*? It's at the bottom of your chart. Thanks alot... {image}
The mini charts are from pipware.com. I downloaded it from FF below:

http://www.forexfactory.com/showthre...17#post8202817

Sorry! Haven't been active in this thread as I've been busy writing my own TMS Monitor EA,
as the one from TMS Monitor thread doesn't seem to work on mine MT.

Cheers :-)
  • #60,971
  • Edited 1:14am Sep 30, 2015 1:02am | Edited 1:14am
Quoting rabhni
Lookleft..I took this GBPJPY trade today (went long at the close outside the DOL, see the arrow) and it hit my SL which was 75pips away (outside the channel). Is there anything that I should have done differently? Appreciate your comment. {image}
Hi Rabhni,
The last couple of days have been difficult for H1 with the end of month coming up. My thoughts on your trade.
1. Counter trend (against H4)
2. Setup APB had wick at both end meaning buyer/seller conflict which needs to be taken into account especially on a CT trade
3. Trade straight into a RN 182.50 (blue line). Look at H4 6 Sep and see how price reacted. I would have wanted to see price close above RN
4. Price had not closed above the trend line (red line)
As far a loosing 75 pips. You should have closed the trade earlier. If you see price pulling back, look at M15 and if you see a color change exit. This is a conservative exit strategy but is useful in a CT trade.
Remember you are going to get losers as everyone does, the object is to lessen the loss with trade management.
Hope this helps.
Edit: Looking at the chart, depending where you entered there was 25-30 pips to be taken which is good enough for a CT
Attached Image
Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,972
  • Sep 30, 2015 1:50am Sep 30, 2015 1:50am
Quoting wjw
{quote} The mini charts are from pipware.com. I downloaded it from FF below: http://www.forexfactory.com/showthre...17#post8202817 Sorry! Haven't been active in this thread as I've been busy writing my own TMS Monitor EA, as the one from TMS Monitor thread doesn't seem to work on mine MT. Cheers :-)
I appreciate :-)

Regards
  • #60,973
  • Sep 30, 2015 2:11am Sep 30, 2015 2:11am
Quoting Lookleft
{quote} Hi Rabhni, The last couple of days have been difficult for H1 with the end of month coming up. My thoughts on your trade. 1. Counter trend (against H4) 2. Setup APB had wick at both end meaning buyer/seller conflict which needs to be taken into account especially on a CT trade 3. Trade straight into a RN 182.50 (blue line). Look at H4 6 Sep and see how price reacted. I would have wanted to see price close above RN 4. Price had not closed above the trend line (red line) As far a loosing 75 pips. You should have closed the trade earlier. If...
Hi look left

I'm interested in "The last couple of days have been difficult for H1 with the end of month coming up. "

Why The last few days are difficult?

Please tell me reason
  • #60,974
  • Sep 30, 2015 2:23am Sep 30, 2015 2:23am
I closed my GBPJPY 4H trades. (I falsely assumed Rabhni's trade was 4H also btw)

I don't know if this was a good trade. I guess there was significant risk involved being countertrend.

I closed for about a 1R gain. 2/3 taken sold before the news and 1/3 at prev day high

Best,
Attached Image (click to enlarge)
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  • #60,975
  • Sep 30, 2015 2:36am Sep 30, 2015 2:36am
EG, H4, short.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 32 KB
  • #60,976
  • Sep 30, 2015 2:55am Sep 30, 2015 2:55am
Quoting yuki0912
{quote} Hi look left I'm interested in "The last couple of days have been difficult for H1 with the end of month coming up. " Why The last few days are difficult? Please tell me reason
Hi Yuki,
Mondays are traditionally slow days. At month end the big players and investors evaluate currency holdings based on many things like bond and commodity markets over the previous month. They may then decide to re-balance their portfolio. As these are the people that make the market nobody wants to be on the wrong side of their decision so the market we see slows. Today also has NFE adjustment change data from US which again slows the market. Also in the UK at least today is the day that a lot of traders bonuses are calculated
Remember that there are a lot of things that influence the market we trade. We have no control over this so we trade what the market shows us. If there is no definite or slow movement set your expectations accordingly.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,977
  • Sep 30, 2015 3:13am Sep 30, 2015 3:13am
Thanks for the explanation.

Quoting Lookleft
{quote} Hi Rabhni, The last couple of days have been difficult for H1 with the end of month coming up. My thoughts on your trade. 1. Counter trend (against H4) 2. Setup APB had wick at both end meaning buyer/seller conflict which needs to be taken into account especially on a CT trade 3. Trade straight into a RN 182.50 (blue line). Look at H4 6 Sep and see how price reacted. I would have wanted to see price close above RN 4. Price had not closed above the trend line (red line) As far a loosing 75 pips. You should have closed the trade earlier. If...
  • #60,978
  • Sep 30, 2015 3:19am Sep 30, 2015 3:19am
Quoting Lookleft
{quote} Hi Yuki, Mondays are traditionally slow days. At month end the big players and investors evaluate currency holdings based on many things like bond and commodity markets over the previous month. They may then decide to re-balance their portfolio. As these are the people that make the market nobody wants to be on the wrong side of their decision so the market we see slows. Today also has NFE adjustment change data from US which again slows the market. Also in the UK at least today is the day that a lot of traders bonuses are calculated ...
Thank you Look Left!

I must remember

" a lot of things that influence the market"
So...now on I avoid or care end of month
  • #60,979
  • Sep 30, 2015 7:35am Sep 30, 2015 7:35am
Seems like i haven't logged to this account since 2011.

i am here to tell thank you for this thread. Simple method low stop loss, big reward for waiting for a full move.

i was young and stupid enough (in 2011) to pass up this thread because i was looking into smaller timeframes.

Is there anyone that knows how i could recreate the TDI indicator for stocks? (US)

Ive done the SMA 2 and 7 of the RSI 13 but it does not seem exactly how it should.

Trade on a live account 1 Lot trade.
Attached Image(s) (click to enlarge)
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  • #60,980
  • Sep 30, 2015 8:02am Sep 30, 2015 8:02am
Quoting FiNaLWaR
Seems like i haven't logged to this account since 2011. i am here to tell thank you for this thread. Simple method low stop loss, big reward for waiting for a full move. i was young and stupid enough (in 2011) to pass up this thread because i was looking into smaller timeframes. Is there anyone that knows how i could recreate the TDI indicator for stocks? (US) Ive done the SMA 2 and 7 of the RSI 13 but it does not seem exactly how it should. Trade on a live account 1 Lot trade. {image} {image}
Hi,

The Synergy_Pro_TDi has different settings;
Synergy_Pro_TDI settings: Post#59,624

How to create the TDI using RSI available in other platform (non-MT4): Post#15,546

Fozzy RSI Method Post#59,617
TDI pdf Post#24,705, Post#18,264

RSI: The Complete Guide Post#27,110 by John Hayden

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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