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Trading Made Simple the right way, and other trading lessons 233 replies

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Attachments: Trading Made Simple
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Trading Made Simple

Quoting hoperich
{quote} Good to see you buddy. Yep, the PA is stuck between major SR levels. The 200/800 EMA above so lets see the breakout follow the trend or go against it. HR
You too HR. Unable to trade like normal at the moment as am based in China which has messed all my hours about. I'll be back soon though


Quoting emmanuel7788
{quote} yes. Both H4 and H1 are in consolidation range, getting narrower. That will break soon. I am bias to to down side.... seeing 1.5600 as short term.
Agreed Emmanuel, I'm bearish too! I took the TMS cross entry following my last chart... Its in the green but really slow. I'm not used to trading these sleepy Asian session hours
Focus on the process and the profits will follow
Possible bear move brewing on E/J, waiting for next 4 hr candle.
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Scared money DON'T make money!
Quoting profitman
Possible bear move brewing on E/J, waiting for next 4 hr candle.{image}
Ditto for G/J but candle looks more suspect!
Scared money DON'T make money!
Seems like the volatility is caused by Japans mon policy so watch J crosses more news comming
Scared money DON'T make money!
H4 Total downtrend.
Entered when H1 was resuming the trend. Up 50 Pips ATM on 2 Lot Trade

EDIT: Added image, if it can inspire someone to try this strategy
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Looks like ill be waiting till 2:00am pst
Scared money DON'T make money!
Last night's GU still fighting .........
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Quoting emmanuel7788
{quote} hi Rob, Good trades, you caught the breakout but exited the first trade too quickly. Below is my suggestion to use the PAC instead of the other moving average on your chart. Use Price Action with the PAC for entry and exit in trending market. It will help you manage your exits better. 'Let profits run' {image} regards,
Thank You Emm , I've studied what you suggest , and I would have made another 20 pips because I would not have had that loosing trade (or 40 pips more by staying in till previous weekly high )
So, wow -- great advice as always !!
Quoting emmanuel7788
{quote} hi Rob, Good trades, you caught the breakout but exited the first trade too quickly. Below is my suggestion to use the PAC instead of the other moving average on your chart. Use Price Action with the PAC for entry and exit in trending market. It will help you manage your exits better. 'Let profits run' {image} regards,
Hi Emma
Price close inside the PAC on my chart, I don't know why?maybe other people have the same question.
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I just took this EJ trade , any comments most welcome .
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Quoting robuk
I just took this EJ trade , any comments most welcome . {image}
looks good imo reversal at the top of the range. would have taken it but was too late
Quoting FiNaLWaR
{quote} looks good imo reversal at the top of the range. would have taken it but was too late
Thanks FW , I was looking at your USD/CAD chart and wondering about the large and small arrows , looks like they could be very useful.
Quoting jason.shen
{quote} Hi Emma Price close inside the PAC on my chart, I don't know why?maybe other people have the same question. {image}
Hi Jason,

Yes, I see you use the Synergy_Pro APB with PAC. So following the Synergy model trading rules, you exit when the price close inside the PAC.

My chart show a small difference in the price and also the PAC is calculated based on 10EMA.

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

So far this week we seen some strong moves and most H4 shows TDI cross several candles ago.

What can we do to catch runaway pairs or 'falling knife' trend?

I use simple price action seen using common Price Bar patterns or you can use Japanese Candlestick patterns.


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Guess what I found here : video link
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Not a lot of feedback on my charts posted. Is my template not clear enough?

Couple of trades I left open overnight. I was helped by news events I think

Euraud wasn't an entry as per rules but it bounced of the same level twice

Best ,
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Quoting emmanuel7788
{quote} hi Rob, Good trades, you caught the breakout but exited the first trade too quickly. Below is my suggestion to use the PAC instead of the other moving average on your chart. Use Price Action with the PAC for entry and exit in trending market. It will help you manage your exits better. 'Let profits run' {image} regards,
Well spoke Emmanuel. I might have missed the earlier part, but what is PAC? And also, I notice the price did not close below/within the 2 MA. May I know the settings of the MAs?

Thanks.
Quoting Javforex
{quote} Well spoke Emmanuel. I might have missed the earlier part, but what is PAC? And also, I notice the price did not close below/within the 2 MA. May I know the settings of the MAs? Thanks.
PAC = Price Action Channel

Synergy PAC Post#21,284

Comparing Synergy PAC and Synergy_Pro PAC: Post# 54,119

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
Quoting tibovwh
Not a lot of feedback on my charts posted. Is my template not clear enough? Couple of trades I left open overnight. I was helped by news events I think Euraud wasn't an entry as per rules but it bounced of the same level twice Best , {image} {image} {image} {image}

Hi tibovwh,

Your charts are quite clean and so it is clear what the trades are.
I am not familiar with your trading platform but I see those nice buttons which I wish I can customize in my MT4 trade manager..

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Closed my EJ trade +34 pips
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Quoting emmanuel7788
{quote} PAC = Price Action Channel Synergy PAC Post#21,284 Comparing Synergy PAC and Synergy_Pro PAC: Post# 54,119 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 wow so I myself am getting acclimated to the new setups I do have the Pro indis but my question is on entries, aside from the FX basics is the mechanical entry criteria to wait for a close outside PAC along with TDI green above/below red,yellow and 50 mark? So the candle counting entries are no longer in effect? If the said criteria happens on say 3rd candle we can pounce? Thanks in advance Mr.E
Scared money DON'T make money!
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