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Trading Made Simple

  • #62,521
  • Nov 4, 2015 11:36pm Nov 4, 2015 11:36pm
Quoting snarlyjack3
{quote} Jeff90, Nice meeting you! To answer your question...Take a look at the ADR calculator showing yesterday's pip count. I wonder how many traders were in on that move? That would have been a sweet trade! sj {image}
I got some of that move SJ posted on TMS 30

Post 9,828
Sad i'm not trying to understand PA
  • #62,522
  • Nov 4, 2015 11:41pm Nov 4, 2015 11:41pm
Quoting snarlyjack3
{quote} Jeff90, Nice meeting you! To answer your question...Take a look at the ADR calculator showing yesterday's pip count. I wonder how many traders were in on that move? That would have been a sweet trade! sj {image}
yea i was looking at eu/gu.. Took abit from GU. For EU, i have no idea where to put my TP, i guess i miss the first train.

Can i ask, do you use ADR to trade or its jus a indicator to show the movement?
  • #62,523
  • Nov 4, 2015 11:53pm Nov 4, 2015 11:53pm
Quoting jeff90
{quote} yea i was looking at eu/gu.. Took abit from GU. For EU, i have no idea where to put my TP, i guess i miss the first train. Can i ask, do you use ADR to trade or its jus a indicator to show the movement?
Jeff90,

Here is a picture of your eu/gu check out the adr numbers.
Enclosed is the Synergy ADR indicator developed by Dean Malone.
You might want to give it a go...

Good night...
sj
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 32 KB
Attached File(s)
File Type: mq4 Average Daily Range Pro Calculator.mq4   27 KB | 414 downloads
  • #62,524
  • Nov 5, 2015 12:17am Nov 5, 2015 12:17am
Quoting freebeans
{quote} Good trade! Can you explain your reasons for taking this trade. Thanks!

Keep things very simple:
Start the trading day by looking at the Day chart.

read post#62,457

and see this clean Day chart below.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Day chart POMO.png Size: 49 KB


today we have a day IB breakout, so how do you trade today? where is support and resistance?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,525
  • Nov 5, 2015 12:24am Nov 5, 2015 12:24am
Quoting jeff90
how you guys earned like a 150pips? holding ur trade for a day?

simple, don't look at H1 but instead look at H4 and D1 charts if you want more than 50pips per day.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,526
  • Nov 5, 2015 12:25am Nov 5, 2015 12:25am
Thanks!!

Quoting emmanuel7788
{quote} Hi, Good profits. But .... (see my comments on your chart below). {image} regards,
  • #62,527
  • Nov 5, 2015 12:27am Nov 5, 2015 12:27am
hey Emmanuel I thought everyone uses 5 ema but on your chart you have the 10 ema any reason for that and also what makes an A+++ trade Thankyou
  • #62,528
  • Nov 5, 2015 12:29am Nov 5, 2015 12:29am
Quoting jeff90
Hi , does the session indicators apply for all brokers? Can some one advice, i using ICMarkets. If possible can post a latest session indicator.ex4

there are so many different session indicators posted in FF.
they don't work for all brokers because different brokers have different server time. some brokers change their server time when there is DST changeover and this will affect many of the indicators which calculate using day open which is different.

my simple rule: don't use somethings which you do not know what they were programmed for.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,529
  • Nov 5, 2015 12:33am Nov 5, 2015 12:33am
Quoting trade786
hey Emmanuel I thought everyone uses 5 ema but on your chart you have the 10 ema any reason for that and also what makes an A+++ trade Thankyou

there is not a lot of difference between 5EMA, Typical Price, Shift+3 and 10EMA, Close Price, Shift+0.

the price bar Open, High, Low and Close OHLC will tell the better story with the Average Price Bar APB.

What is a A+++ trade setup:

A technical setup is seen with Price Action at Support & Resistance as a Continuation in an established Trend. The Trend must be reconciled in three different timeframes using Multi TimeFrame analysis and there must be Momentum seen in both the real Price Bar and APB candles. The market must not be in narrow Range consolidation and the Timing must be right for market entry and when the market shows Volatility and Strength.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,530
  • Nov 5, 2015 12:38am Nov 5, 2015 12:38am
Quoting emmanuel7788
{quote} simple, don't look at H1 but instead look at H4 and D1 charts if you want more than 50pips per day.
This is 100% correct. if we want less stress need to trade at higher level with proper money management.

Thanks

MK
  • #62,531
  • Nov 5, 2015 1:31am Nov 5, 2015 1:31am
Quoting emmanuel7788
{quote} there are so many different session indicators posted in FF. they don't work for all brokers because different brokers have different server time. some brokers change their server time when there is DST changeover and this will affect many of the indicators which calculate using day open which is different. my simple rule: don't use somethings which you do not know what they were programmed for.
Hi Emm, this is my first post, you are amazing guy

i want to learn about this system, i plan to using H4 timeframe for short term swing trade, according to your experience,
what broker server time that suits with this system? i think with H4 can make alot of effect on price action, support resistance, etc.

what broker are you use for H4 short term weekly swing trade?
Joining The 10%
  • #62,532
  • Nov 5, 2015 1:59am Nov 5, 2015 1:59am
Dear Emmanuel,
Could you explain "trade away"= This is quoting you from an earlier page. always observe the day Open, 50 and 200EMA. Trade away from the Day Open and away from the 200EMA. If a H1 candle closed with all 3 EMAs within its high-low, you better look closely at the price action before you trade the H1 setups.

Thanks
  • #62,533
  • Nov 5, 2015 2:06am Nov 5, 2015 2:06am
Good morning, guys!

EG shorted on H1. Divergence spotted, which increases my chances for the downtrend continuation. Furthermore, PA closed below yesterday's low.
Attached Image (click to enlarge)
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  • #62,534
  • Nov 5, 2015 2:07am Nov 5, 2015 2:07am
Quoting emmanuel7788
{quote} simple, don't look at H1 but instead look at H4 and D1 charts if you want more than 50pips per day.
wow are you serious ? i ussualy aim for 50 pip at h4
Take What You Can , Give Nothing Back
  • #62,535
  • Nov 5, 2015 2:08am Nov 5, 2015 2:08am
Asian market trading, EU hourly but entry using LTF, wait for cross over the other side of market open line.
exit at last low as support. 1 hour exposal 15 pips TP (based on 20 pips avg asian market)
second baby step
Attached Image (click to enlarge)
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  • #62,536
  • Nov 5, 2015 2:25am Nov 5, 2015 2:25am
Quoting Donquixote
{quote} wow are you serious ? i ussualy aim for 50 pip at h4
50pips is what you will get when you scalp H4.

if you look at the average weekly range of the currency pairs you trade, you should be able to get 60% of the average weekly range when you trade the 4H swing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,537
  • Nov 5, 2015 2:33am Nov 5, 2015 2:33am
Quoting AcanaTrader
{quote} Hi Emm, this is my first post, you are amazing guy i want to learn about this system, i plan to using H4 timeframe for short term swing trade, according to your experience, what broker server time that suits with this system? i think with H4 can make alot of effect on price action, support resistance, etc. what broker are you use for H4 short term weekly swing trade?

Hi.

Just read your PM about this post. Sorry I missed it and did not reply you.

You can trade the 4H swing using H1 chart. It does not matter which broker you use and what the broker server time is. We all know different broker server time will show different H4 candles and we must not let this impact they way we trade. Some brokers will change their server time when DST changeover. Just stick to one broker, know the day open time which you will follow all the time and throughout the week.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,538
  • Nov 5, 2015 2:37am Nov 5, 2015 2:37am
Looking at how price shoot up when london opens, it would have been SL if i have done it the old way, am glad to have stick to the guidelines of Big Emm, Big E for starting this thread and many others who contributes.
Cheers and lots of pips to all
  • #62,539
  • Nov 5, 2015 2:41am Nov 5, 2015 2:41am
Ops, click too fast.. Thank you Big Emm, for your guidance and contribution to the communities. Hope to learn more and contribute back,.... one step at a time
  • #62,540
  • Nov 5, 2015 2:47am Nov 5, 2015 2:47am
Thankyou emmanuel by the way does 5ema high and 5ema low help
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