Trading Made Simple | Page 3145 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #62,881
  • Nov 10, 2015 4:24am Nov 10, 2015 4:24am
Quoting Hpt
EURGBP H1 {image} Whats your opinion? regards
Hi,

Last week there was a heavy correction upwards. I still think there could be some downside. The D1 is still below the 5EMA/3

The 4H closed below yesterday low and below the WRB of Friday. However, the bar itself is not very convincing and no TDI cross. Maybe building position with S/L above the Friday high?

Best,

Edit: My 4H closed 31 min ago - 11AM CET.
  • #62,882
  • Nov 10, 2015 4:30am Nov 10, 2015 4:30am
Quoting kbforex
{quote} Continous mid week update we go on during the week...... -When and where to look for entry and why -I think continous teaching like this would provide we the amateurs the thinking process and the way the expert uses thier THIRD EYE to see the chart. -when the ENTRY is matured.
I like this suggestion! It is often said that keeping an open mind is a crucial trait for a trader. So during the week the BPP can change. Continuous updates should allow us to follow the thinking process of experienced traders and learn from this. What do they see as noise - What is important - How do they update their view on a pair as price moves?

However, Emmanuel already does this extensively for a few pairs / trades every week. We should study these posts thoroughly !

Best,
  • #62,883
  • Nov 10, 2015 4:30am Nov 10, 2015 4:30am
Hi, USDCAD ... candles too small, no entry for me on H4.

Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 30 KB


EURGBP, no movement I think it's gonna go long, have to wait. No setups for now for me.

Attached Image (click to enlarge)
Click to Enlarge Name: Image3.png Size: 34 KB
  • #62,884
  • Nov 10, 2015 4:48am Nov 10, 2015 4:48am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting Hpt
EURGBP H1 {image} Whats your opinion? regards
EURGBP D1 update

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 62 KB


The last two blue candle with gray wicks , are sign of consolidation, but we are in a downtrend
So waiting to NY open ,fresh moeny coming in, if round number will be broken

green pips
from level to level - you need mental strength to reach the summit
  • #62,885
  • Nov 10, 2015 4:53am Nov 10, 2015 4:53am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting nobbie
Hi, USDCAD ... candles too small, no entry for me on H4. {image} EURGBP, no movement I think it's gonna go long, have to wait. No setups for now for me. {image}
USDCAD H4

I agree ,
no entry , sit on the hands

regards
from level to level - you need mental strength to reach the summit
  • #62,886
  • Nov 10, 2015 4:56am Nov 10, 2015 4:56am
Quoting Hpt
EURGBP H1 {image} Whats your opinion? regards
Hi Hpt,
Without complicating things here is part of my thought process.
Where did price get rejected from on the fall on Friday? Where has price been rejected from for the last 2 days ? Must be an important S/R zone for somebody
Plan A: Wait for a break and close below that zone with momentum
Plan B: Wait for a break and close above 0.7125 with momentum

Edit: Also watch what EU and GU are doing
Never argue with a fool; onlookers may not be able to tell the difference.
  • #62,887
  • Nov 10, 2015 4:57am Nov 10, 2015 4:57am
Look also at the Copper chart specially weekly or monthly... I think it's gonna grow soon and can give a lot of looong pips...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 22 KB


H4 with tripple bottom ;-)

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 42 KB
  • #62,888
  • Nov 10, 2015 5:04am Nov 10, 2015 5:04am
Well, right NOW, NZDJPY, H4. think entry is worth of trying.. What you think...

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 31 KB
  • #62,889
  • Edited 5:42am Nov 10, 2015 5:25am | Edited 5:42am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting Lookleft
{quote} Hi Hpt, Without complicating things here is part of my thought process. Where did price get rejected from on the fall on Friday? Where has price been rejected from for the last 2 days ? Must be an important S/R zone for somebody Plan A: Wait for a break and close below that zone with momentum Plan B: Wait for a break and close above 0.7125 with momentum Edit: Also watch what EU and GU are doing
EURGBP

Hello,

I agree as your nickname says - lookleft and go to HTF
you don`t complicate - as you I look for SR
look forward to plan A

regards
from level to level - you need mental strength to reach the summit
  • #62,890
  • Nov 10, 2015 5:50am Nov 10, 2015 5:50am
Quoting Hpt
{quote} EURGBP Hello, I agree as your nickname says - lookleft and go to HTF you don`t complicate - as you I look for SR look forward to plan A regards

EURGBP Week 46.

My plan is to sell following the weekly as my Primary Trend.
Take note that this is s special pair with ADR of about 70pips and Weekly range of 125pips. the hourly move is very small my trades target is about 20pips as i build position. It is slow moving as both EU and GU are sideways narrow range now.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 46 H4.png Size: 210 KB


So far, I managed to take some profits total 67pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 46 MEME on H1 10Nov update.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,891
  • Nov 10, 2015 6:00am Nov 10, 2015 6:00am
Quoting adikashyap
Here is my 1st trade for the day .... GN long .... Reasons ... 1. Last two days, market has been closing higher than open. That way, my bias was bullish. 2. My 89 adaptive EMA is green in both 4H and 1H and market is making bullish rotation on 89 ema on D. 3. Entered as LO candle broke FO candle H. 4. TDI Green just crossed Red ... {image}
Hello, Adi!

I like the reasons you stated. But what I do not understand is why you chose to enter on such small APBs. Also, I think the cross did not happen when you pulled the trigger. And even more than that, the TDI cross was not at the right 12- 2 angle. I would have waited for a better APBs and better cross. I really hope your trade will go well.
  • #62,892
  • Nov 10, 2015 6:06am Nov 10, 2015 6:06am
Quoting catalin_eros
{quote} Hello, Adi! I like the reasons you stated. But what I do not understand is why you chose to enter on such small APBs. Also, I think the cross did not happen when you pulled the trigger. And even more than that, the TDI cross was not at the right 12- 2 angle. I would have waited for a better APBs and better cross. I really hope your trade will go well.
I actually look more on PA, than TDI angle ... and the reasons were good enough at that point of time ...
And EN and GN volatility are too big ... small candles travel 100 pips easily ...
But, closed the trade @ -25 pips as it started going down ...
Now, as there is a TLR on 1H, if I get proper signal, will enter again ...
  • #62,893
  • Nov 10, 2015 6:26am Nov 10, 2015 6:26am
hey Emmanuel it would be really cool if you could make a video on how you trade and analyse markets to make it easier for us and also when to stay away and not take a trade
  • #62,894
  • Nov 10, 2015 6:41am Nov 10, 2015 6:41am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
EURGBP update H1

this is my running trade
first two entry 10.00 candle

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 98 KB


green pips
from level to level - you need mental strength to reach the summit
  • #62,895
  • Nov 10, 2015 6:44am Nov 10, 2015 6:44am
Quoting emmanuel7788
{quote} Hi adihashyap, I have done this for quite sometime, going back 2 years. I post my Big Picture Plan BPP after the weekend for sharing and discussion. I take the trades according to my BPP and posted them and I showed how I managed my trades. I know doing that had help a few traders learn and trade in live market following my BPP. I know they all trade with their own money management, lot size, etc. That's their individual responsibility. The trading rules for TMS 5-Method is there and remains same. You can trade like how eelfranz traded as...
Hi Emmanuel,

Besides being a good trader you must be a wonderful person.

I see some of the forum members who have good English expressed better what we are expecting from you. I personally say PLEASE continue the way you are doing. I learn a lot from your posts. I can imagine how tiring was/is to have 10000+ posts here in this thread. This is my 33rd post in this thread.

Thank you.

okoso
  • #62,896
  • Nov 10, 2015 6:49am Nov 10, 2015 6:49am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting Hpt
EURGBP update H1 this is my running trade first two entry 10.00 candle {image} green pips
EURGBP

SL moved to BE
from level to level - you need mental strength to reach the summit
  • #62,897
  • Nov 10, 2015 7:23am Nov 10, 2015 7:23am
Good morning everyone!
(It's 6:15a.m. Montana time)

I've got to be in & out today...so be
patient with me.

Ok...first of all let's break down a chart usd/jpy.
Take everything off of the chart.
What do you see? The 4 hour chart changes at 7:00a.m.
Look at the apb's, the pac & tdi.

Price has been pretty flat but it's starting to turn.
sj

p.s. Forex Factory computer is so slow...it's not
letting me post a chart (security scan...security scan...)
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 30 KB
  • #62,899
  • Nov 10, 2015 7:31am Nov 10, 2015 7:31am
So we know it's turning & we know approximately
where it's going!

The next step is: What is our risk/return?
Do we have enough room to make a nice profit?
hmmmmm?
sj
  • #62,900
  • Nov 10, 2015 7:32am Nov 10, 2015 7:32am
Quoting Hpt
{quote} EURGBP SL moved to BE

I like it when a plan comes together.
Don't get greedy, manage it well and keep an eye on EU and GU
Never argue with a fool; onlookers may not be able to tell the difference.
107 traders viewing now, 1 is registered:
kkmk