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Trading Made Simple

  • #61,641
  • Oct 18, 2015 5:29pm Oct 18, 2015 5:29pm
Quoting emmanuel7788
{quote} Hi, When we use the HeikenAshi HA or the Average Price Bar APB candle , we prefer to see the candles with little or no wicks at the bottom for bullish strength. The opposite for bearish strength. I think this was explained in one of the Synergy model pdf. Personally I prefer to look at the price bars over the APB. I look at the APB body and if there are upper and lower wicks is a good warning of potential phase change in the price. About the AUDUSD Weekly chart, I made some new comments n the chart below. Also the second hart below show...
What is your view on GBPAUD-W1? It is better to shot? Coming out of resistance and making a divergence on W1. Due you trade on ME/ME on H4 or D1 using Weekly chart? What will be your lot sizw considering big SL?
Attached Image (click to enlarge)
Click to Enlarge Name: GBP AUD W1 - 10.18.2015.png Size: 66 KB
  • #61,642
  • Oct 18, 2015 8:25pm Oct 18, 2015 8:25pm
Quoting emmanuel7788
{quote} Hi Rob, I think it is time your got rid of those moving averages on your chart and you will see more. That was a H4 Pop Gun pattern a valid continuation pattern and it will pop in the right direction. regards,
Thanks Emm , and also for the pop-gun pattern .
I am interested in EW and think the basic concepts logical and easy enough to understand , but actually drawing in the lines correctly is a whole lot more difficult it seems , but definitely worth trying to learn for some high probability trade guidance .
  • #61,643
  • Oct 18, 2015 11:43pm Oct 18, 2015 11:43pm
Quoting ababias
{quote} What is your view on GBPAUD-W1? It is better to shot? Coming out of resistance and making a divergence on W1. Due you trade on ME/ME on H4 or D1 using Weekly chart? What will be your lot sizw considering big SL? {image}
Hi,

Use the same top down approach. I start by looking at the MN chart at the beginning of this Oct month.
MN was bullish but it failed to make higher high in Sep and close a Doji. I see that as first sign of market consolidation.
So when I trade this month, I will look at the Weekly then Daily to pick my trade bias direction.
If you look at the Weekly chart, the sell condition is quite obvious for the past 2 to 3 weeks.
This week, my trade bias is still to sell with ME/ME.
Regarding the trade lot size, I have posted before in the past 2 months. Please rad my posts from August onwards.
If you do not trade with risk % and use position sizing for each ME entry lot size, you can trade with the smallest lot size your broker allows in your account. 0.01 lot is the smallest lot size.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 43 MN chart 19 Oct.png Size: 47 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,644
  • Oct 18, 2015 11:49pm Oct 18, 2015 11:49pm
Quoting robuk
{quote} Thanks Emm , and also for the pop-gun pattern . I am interested in EW and think the basic concepts logical and easy enough to understand , but actually drawing in the lines correctly is a whole lot more difficult it seems , but definitely worth trying to learn for some high probability trade guidance .

Hi,

I think at the moment it will be best not to spend too much time on the Elliot Wave analysis. Master what Big E shared here using the 5-Method and slowly adapt other higher timeframe analysis approach and make this work for long term trading.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,645
  • Oct 18, 2015 11:55pm Oct 18, 2015 11:55pm
Quoting emiel2303
{quote} Hi Emmanuel. So you start with a 300+ SL on the EA chart? Even when you trade minilot it could be a big loss. Or do you change the SL while the trade is on?

Hi,

Whether the SL is 300pips or 30pips, the risk per trade is the same at 1%.
Use position sizing to calculate your trade lot size.
You account size must allow you to use risk % and position sizing.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,646
  • Oct 19, 2015 12:14am Oct 19, 2015 12:14am
Quoting emmanuel7788
Hi Folks, Here is my trading results for Weeks 41 and 42 trading TMS Weekly and Daily charts using Multiple Entries and Multiple Exits ME/ME money management strategy. Do not be afraid to trade the Weekly chart timeframe. It is the most profitable and a lot less stress when you can trade with ME/ME using small %risk of your trading capital. Total number of trades: 269 Total number of pips : 17,222 pips Average pips per win trade: 64 pips Average $ per win trade : $81.35 {image} Have a Good Trading week ahead.
Hi Emmanuel I love the way you set up your profit tracking, how do you set this up?
  • #61,647
  • Oct 19, 2015 12:17am Oct 19, 2015 12:17am
My gift to the group this week, Chart Patterns Pdf, very usefull pdf
Attached File(s)
File Type: pdf Chart Patterns.pdf   4.5 MB | 10,186 downloads
  • #61,648
  • Oct 19, 2015 12:19am Oct 19, 2015 12:19am
Quoting Dimi.A
{quote}....

About your foto with clock
Both (Red and Green) lines must be between 12-2 and 4-6? or just green?
  • #61,649
  • Oct 19, 2015 1:04am Oct 19, 2015 1:04am
Quoting Profanas
{quote} About your foto with clock Both (Red and Green) lines must be between 12-2 and 4-6? or just green?
You must read Big E's posts, pay attention to what he said and take notes.

Read Big E' post#1,718 about the TDI Green 12-2 and 4-6 angle.

Also Big E is an aggressive trader and he did not care about the Synergy trading model which he consider to be conservative.
Post#1,164

You must decide whether you want to be like big E and be aggressive or be conservative and take that conservative approach.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,650
  • Oct 19, 2015 1:05am Oct 19, 2015 1:05am
Quoting stefan17
{quote} Hi Emmanuel I love the way you set up your profit tracking, how do you set this up?

I use the MT4 account summary and export my trade history to a csv file then analyse using Microsoft Excel.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,651
  • Oct 19, 2015 4:13am Oct 19, 2015 4:13am
Quoting emmanuel7788
{quote} Hi, Use the same top down approach. I start by looking at the MN chart at the beginning of this Oct month. MN was bullish but it failed to make higher high in Sep and close a Doji. I see that as first sign of market consolidation. So when I trade this month, I will look at the Weekly then Daily to pick my trade bias direction. If you look at the Weekly chart, the sell condition is quite obvious for the past 2 to 3 weeks. This week, my trade bias is still to sell with ME/ME. Regarding the trade lot size, I have posted before in the past 2...
Pls teach us how to set TP and SL in this case
  • #61,652
  • Oct 19, 2015 4:41am Oct 19, 2015 4:41am
Quoting longbk
{quote} Pls teach us how to set TP and SL in this case

it is quite simple, like EURAUD.
read my recent post on ME/ME trading.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD week 43 ME_ME trading.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,653
  • Oct 19, 2015 4:49am Oct 19, 2015 4:49am
Quoting emmanuel7788
{quote} it is quite simple, like EURAUD. read my recent post on ME/ME trading. {image}
We sell now or wait until A +++ sign in H4 - D1?
  • #61,654
  • Oct 19, 2015 5:00am Oct 19, 2015 5:00am
Quoting emmanuel7788
{quote} Hi, Use the same top down approach. I start by looking at the MN chart at the beginning of this Oct month. MN was bullish but it failed to make higher high in Sep and close a Doji. I see that as first sign of market consolidation. So when I trade this month, I will look at the Weekly then Daily to pick my trade bias direction. If you look at the Weekly chart, the sell condition is quite obvious for the past 2 to 3 weeks. This week, my trade bias is still to sell with ME/ME. Regarding the trade lot size, I have posted before in the past 2...
Thanks. As always helpfull, let me go through your post for past few months then I will come back with more queries.
  • #61,655
  • Oct 19, 2015 5:12am Oct 19, 2015 5:12am
Quoting longbk
{quote} We sell now or wait until A +++ sign in H4 - D1?

It would help you when you have read and understood these posts and the attachments.

Money Management
Big E on using multiple entries in the CHS thread
Post#2622 , Post#2629 , Post#2771 and Post#2912
Money Management Strategy for TMS: Post#48,008
Using Multiple-Lot Positions to Improve trading TMS: Post#33,507
Entry and Exits ... Post#19,617
How to Build a Position: Post#19,588
Multiple Entries / Multple Exits for Day chart trading: Post#58,726
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,656
  • Oct 19, 2015 5:18am Oct 19, 2015 5:18am
Quoting emmanuel7788
{quote} Hi, Use the same top down approach. I start by looking at the MN chart at the beginning of this Oct month. MN was bullish but it failed to make higher high in Sep and close a Doji. I see that as first sign of market consolidation. So when I trade this month, I will look at the Weekly then Daily to pick my trade bias direction. If you look at the Weekly chart, the sell condition is quite obvious for the past 2 to 3 weeks. This week, my trade bias is still to sell with ME/ME. Regarding the trade lot size, I have posted before in the past 2...


What your thought on this?
Attached Image (click to enlarge)
Click to Enlarge Name: GBP AUD H4 - 10.19.2015.png Size: 96 KB
  • #61,657
  • Oct 19, 2015 5:19am Oct 19, 2015 5:19am
plus 60 for today , finish now , enough for me
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Click to Enlarge Name: ea 19 10.png Size: 51 KB
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  • #61,658
  • Oct 19, 2015 5:42am Oct 19, 2015 5:42am
Happy day

EA H1 +108

Attached Image (click to enlarge)
Click to Enlarge Name: EA H1 Trade.png Size: 11 KB
  • #61,659
  • Oct 19, 2015 6:03am Oct 19, 2015 6:03am
EURUSD-D1...Entered on the retrace of the OB
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-10-19_16-59-02EURUSD-D1.png Size: 35 KB
Sad i'm not trying to understand PA
  • #61,660
  • Oct 19, 2015 6:03am Oct 19, 2015 6:03am
Quoting brekz1
Happy day EA H1 +108 {image}
Excellent trading brekz1
Sad i'm not trying to understand PA
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