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Trading Made Simple

  • #62,161
  • Oct 27, 2015 6:11pm Oct 27, 2015 6:11pm
Quoting trade786
oops didn't mean to post it 4 times
there's a edit button that lets you delete the images
I don't like the TDI on the phone.. too flat and too many entries as you say
Attached Image
  • #62,162
  • Oct 27, 2015 6:22pm Oct 27, 2015 6:22pm
Quoting emmanuel7788
{quote} When you trade the H4, you can get rid of the ADR on your H4 chart. When we trade H1, we pay attention to the Day Open. But when we trade the H4, we pay attention to the Week Open. (Monday Day Open is Week Open) use the Day Open and the Average Weekly Range not the ADR=Average Daily Range. watch this video Trade the Weekly Open video part2
Hi emmanuel,
Great video, I'm still learning this system, a lot of work to be done. part1 was not a correct link,here is the right one http://www.compassfx.com/video/ip/82014/82014.html

Cheers,
  • #62,163
  • Edited 6:59pm Oct 27, 2015 6:44pm | Edited 6:59pm
I was checking out the assian session trade. I got in this trade a little late. However I felt there was room. I was watching eur/usd for breakout which didnt happen when i saw this setup. Another reason i took trade is look at daily and weekly.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2015-10-27__usd_cad_weekly.png Size: 58 KB
  • #62,164
  • Oct 27, 2015 6:56pm Oct 27, 2015 6:56pm
Quoting freebeans
I was checking out the assian session trade. I got in this trade a little late. However I felt there was room. I was watching eur/usd for breakout which didnt happen when i saw this setup. Another reason i took trade is look at daily and weekly. {image}

Nice.
You will observe that when the trend is strong,the TDI will remain above the OverBought OB 68-level for long time. Therefore the OB/OS 68/32 rules does not really apply when you know the market type to trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,165
  • Oct 27, 2015 7:01pm Oct 27, 2015 7:01pm
Quoting pete.alfa
{quote} Hi emmanuel, Great video, I'm still learning this system, a lot of work to be done. part1 was not a correct link,here is the right one http://www.compassfx.com/video/ip/82014/82014.html Cheers,

Hi,

thanks for the correct link.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,166
  • Oct 27, 2015 7:18pm Oct 27, 2015 7:18pm
Quoting emmanuel7788
Hi Folks, I got a few PMs asking me about my post today on trading Gold on Day chart so I put this together very quickly in very simple form. Not sure if this is good enough to explain how I do it. But when you trade the stock market and also Gold, then you must read up on Darvas trading system theory which a trading method I follow for many years. Same template using TMS 5-Method on day chart timeframe. {image}
Gold has been sideways for few days and we still need to wait to see if the support will hold for an upside move.
Last Friday was a big candle.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD week 44 D1 28 Oct.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,167
  • Oct 27, 2015 7:30pm Oct 27, 2015 7:30pm
I took this trade yesterday on the 26th. I wasnt going to post it since I didnt make that many pips. It was my first assian session trade. I kinda like them although you do get less pips. I posted because it was good exection and everything just lined up
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-10-26_2015_gbp_usd.png Size: 75 KB
  • #62,168
  • Oct 27, 2015 7:32pm Oct 27, 2015 7:32pm
wow aud/usd dropping hope someone is riding it. Makes sense . They missed on CPI
  • #62,169
  • Oct 27, 2015 7:51pm Oct 27, 2015 7:51pm
Quoting freebeans
wow aud/usd dropping hope someone is riding it. Makes sense . They missed on CPI

when it broke its last support .7200 and with the day Inside Bar breakout confirm with the TDI RT bounce, that's how TMS PA+SR traders see the setups.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,170
  • Oct 27, 2015 7:58pm Oct 27, 2015 7:58pm
Quoting emmanuel7788
{quote} when it broke its last support .7200 and with the day Inside Bar breakout confirm with the TDI RT bounce, that's how TMS PA+SR traders see the setups.
Cool I see what you are talking about.
  • #62,171
  • Oct 27, 2015 8:06pm Oct 27, 2015 8:06pm
Quoting trade786
hey emmanuel and the rest of the team looking forward in learning this way of trading after many losses I want to turn things around and become profitable hope to have u guys as support Thankyou

Hi,

You will make it if you stay away from trading the timeframes H1 and below. Start with trading the H4 or D1 chart timeframe and you chances of success is very mich better and you will build confidence in this 5-Method. You have to find your own ways and make trading simple. There is a lot of market knowledge you need to learn and that will take time. Give yourself 3 years. It is about that same amount of time one has to spend going through university. After that, it will require lots of realime live market practice. Traders are like professionals - doctors, dentists, lawyers, .... they practice.

When you have mastered trading the H4/D1, then trading the lower TFs intraday and scalping will be a lot easier.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,172
  • Oct 27, 2015 8:11pm Oct 27, 2015 8:11pm
Quoting freebeans
{quote} Cool I see what you are talking about.

That comes easy when you follow the currency pair every month, every week, every day, every 4-hours,....following a simple trend trading method which is this 5-Method, keep trading rules simple, use a proven money management strategy, tame the beast inside you to be discipline, etc.
.....lots of screen time needed when we want to make money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,173
  • Oct 27, 2015 9:11pm Oct 27, 2015 9:11pm
Quoting emmanuel7788
{quote} That comes easy when you follow the currency pair every month, every week, every day, every 4-hours,....following a simple trend trading method which is this 5-Method, keep trading rules simple, use a proven money management strategy, tame the beast inside you to be discipline, etc. .....lots of screen time needed when we want to make money.
Thanks for posting a link to James Chens - Multiple TF Trading. This helped my understanding greatly - I am currently trying to finish a simple trade plan based on his approach (for trend identity / bias) and the 5-method.

Anyway, this helped me enter a GU short today (which I'm still in = 30 pips profit) . . . . first blood with the 5-Method.
  • #62,174
  • Oct 27, 2015 9:47pm Oct 27, 2015 9:47pm
Quoting emmanuel7788
{quote} Hi DD, I am not an expert but an ordinary trader who is very disciplined in following a consistent approach which is time tested. One same Big Picture and I trade all different timeframes. In trading the 4H swing, I look for trades between those Historical Swing Levels seen using the Monthly Line Chart. Once down to my trading timeframe, my chart is H4 using the 5-Method template. It is easy to see the previous Weeks on the H4 chart when we zoom out on our H4 chart. Look at the previous week Open, High, Low and Close, these are the natural...

Update to my Big Picture post above.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 44 28 Oct update.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,175
  • Oct 27, 2015 10:02pm Oct 27, 2015 10:02pm
Quoting jakelly
{quote} Thanks for posting a link to James Chens - Multiple TF Trading. This helped my understanding greatly - I am currently trying to finish a simple trade plan based on his approach (for trend identity / bias) and the 5-method. Anyway, this helped me enter a GU short today (which I'm still in = 30 pips profit) . . . . first blood with the 5-Method.

Multi Time Frame Analysis MTFA is nothing new. Most professional traders use this same approach which was made famous by Dr Alexander Elder in his book "Trading For A Living".

If you use FF search using the keyword "triple screen trading" under my profile, your will find 26 post. Read these posts.

Attached Image (click to enlarge)
Click to Enlarge Name: Triple Screen Trading search.png Size: 138 KB


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trading is not difficult, you just need to commit and work on yourself to become the trader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,176
  • Oct 28, 2015 12:25am Oct 28, 2015 12:25am
Emmanuel7788, you could write a fine book. Your experience and knowledge make it easy to do so.
  • #62,177
  • Oct 28, 2015 12:47am Oct 28, 2015 12:47am
Quoting emmanuel7788
{quote} Nice. You will observe that when the trend is strong,the TDI will remain above the OverBought OB 68-level for long time. Therefore the OB/OS 68/32 rules does not really apply when you know the market type to trade.
I have find that your yellow baseline on the TDI gives a much clearer indication, when it is by the 68-level or 32-level of reversing, than your green RSI
  • #62,178
  • Oct 28, 2015 12:53am Oct 28, 2015 12:53am
My question to the group is, if there is not much going on in the session, like no trades at all, do you scalp or not trade at all, the last 2 days in Euro session not much is going on, haven't taken any trades the last two days, and I am not a fan of Scalping.
  • #62,179
  • Oct 28, 2015 1:53am Oct 28, 2015 1:53am
Quoting stefan17
My question to the group is, if there is not much going on in the session, like no trades at all, do you scalp or not trade at all, the last 2 days in Euro session not much is going on, haven't taken any trades the last two days, and I am not a fan of Scalping.
I trade not to trade when there is no trade
Sad i'm not trying to understand PA
  • #62,180
  • Oct 28, 2015 2:35am Oct 28, 2015 2:35am
Quoting josh11
Anyone struggling, please read eelfranz comments! Its his system so learn it from him!! {image}
thanks for this
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