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Trading Made Simple

  • #63,681
  • Nov 24, 2015 7:47pm Nov 24, 2015 7:47pm
Quoting tibovwh
Hey TSS, Bal, Lookleft! I hope you are all well. I would love to see more of your trades. I noticed you are all posting less often than before. How is things going? regards,
Have been trying swing trading with Gold for long term, Gold on Monthly chart hits EMA 200 and had divergence on H1 followed by triple bottom, I opened 2 position and intend to hold on for longer term, Demo tho

I also have been having a BE week so far, 3 trades ends up with BE , EJ on Mondays and EU + EJ on Tuesdays, what really matters is executing the next good trade following the plan
Attached Image (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #63,682
  • Nov 25, 2015 12:24am Nov 25, 2015 12:24am
Quoting tibovwh
{quote} 0.65 is proving very tough to break decisively. We're trading near the low of this W1 WRB for 2 weeks. Following the weekly bias would be to buy actually? PA on D1 is just looking very choppy. I think I will stay off this pair for a while atleast untill I see a more clear picture. Chances that it chops around for a while longer are present I think? {image}

If we look at the MN Line Chart, we will see that it is now trading between 0.6800 'resistance' and 0.6380 'support'.
Weekly still look bearish.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,683
  • Nov 25, 2015 12:30am Nov 25, 2015 12:30am
Quoting tibovwh
Hey TSS, Bal, Lookleft! I hope you are all well. I would love to see more of your trades. I noticed you are all posting less often than before. How is things going? regards,
Been traveling to the Americas to watch the last 3 F1 Grand Prix (plus a nice holiday in between) so internet access is a bit patchy and uploading screenshots is a pain.
I hope everyone spotted yesterdays trades when the 3 Amigos (AU, EU, GU) fell out and their little pal Chunnel (EG) joined in the fun. Once EU had hunkered down it was just a question of waiting for a trade setup on AU and GU. With EU not moving EG was going to run in the opposite direction to GU. There was about 200 pips available (either H1 or H4) and if you had been paying attention there was more from NU as it likes to follow AU.
Focus and be patient and it is all there in front of you
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,684
  • Nov 25, 2015 12:34am Nov 25, 2015 12:34am
can entries be taken if we follow the weekly candle and enter on 4hr in the same colour direction of the weekly for EMMANUEL
  • #63,685
  • Nov 25, 2015 12:37am Nov 25, 2015 12:37am
Quoting tibovwh
{quote} I hope this one puts a smile on your face when you wake up!

I went to bed last night happy that I close some trades and hit my 20% this month. GBPCAD is a bonus...

Total 13,238 pips
Total Nos of trades 219
Wins 184
Loss 35
Average 72pips per trade
Average Win $71.50 per trade
DrawDown 1.84%
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,686
  • Nov 25, 2015 12:45am Nov 25, 2015 12:45am
hey emmanuel that is awesome results very motivating I would love once again for you to help us with the steps u take to make a trade what u look for what timeframes what indicators Thankyou
  • #63,687
  • Nov 25, 2015 12:45am Nov 25, 2015 12:45am
Quoting trade786
can entries be taken if we follow the weekly candle and enter on 4hr in the same colour direction of the weekly for EMMANUEL

that depends on what your are trading on H4.
Big E never mentioned anything about Weekly candle. He traded using the TDI for entry and exit. He also exit his trade when price pulls back after his entry.
Read and study his posts carefully to understand his trading style. Also know his money management mentioned his posts, he trade with deposit of $10K and trade 2 to 4 standard lots. Can you imagine his account drawdown if he does not exit and the market pullback 50pips in H4.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,688
  • Nov 25, 2015 12:47am Nov 25, 2015 12:47am
Quoting emmanuel7788
{quote} I went to bed last night happy that I close some trades and hit my 20% this month. GBPCAD is a bonus... Total 13,238 pips Total Nos of trades 219 Wins 184 Loss 35 Average 72pips per trade Average Win $71.50 per trade DrawDown 1.84%
Congrats Emmanuel Damm that is impressive, I can only hope to get results like that one day
  • #63,689
  • Nov 25, 2015 12:56am Nov 25, 2015 12:56am
Quoting pulubi28
{quote} Hi Emmanuel!Thank you for being so helpful to everyone. May I ask if you disregard TDi crossing setups if it has passed three candles?

Hi,

I always look to the left and see what the previous price bars look like when there is a TDI cross and APB#1 and APB#2. If there is s big price bar (big candle which is a WRB) , then I will not take any trade with the TDI cross.
below is an example.

Attached Image (click to enlarge)
Click to Enlarge Name: H4 big candle example.png Size: 34 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,690
  • Nov 25, 2015 1:01am Nov 25, 2015 1:01am
Thankyou Emmanuel I am doing my best to go through this thread gets confusing when people add new indicators to it as it messes up the studying I only asked because your doing really well and it would benefit us all on how to achieve those kind of results
  • #63,691
  • Nov 25, 2015 1:06am Nov 25, 2015 1:06am
Quoting emmanuel7788
{quote} I went to bed last night happy that I close some trades and hit my 20% this month. GBPCAD is a bonus... Total 13,238 pips Total Nos of trades 219 Wins 184 Loss 35 Average 72pips per trade Average Win $71.50 per trade DrawDown 1.84%
wow $71.50 per trade
and theres 149 win
im motivated reading this
Take What You Can , Give Nothing Back
  • #63,692
  • Nov 25, 2015 1:10am Nov 25, 2015 1:10am
I need to go back to your charts and practice from there
  • #63,693
  • Nov 25, 2015 1:20am Nov 25, 2015 1:20am
Quoting emmanuel7788
{quote} Hi, I always look to the left and see what the previous price bars look like when there is a TDI cross and APB#1 and APB#2. If there is s big price bar (big candle which is a WRB) , then I will not take any trade with the TDI cross. below is an example. {image} regards,
Hi Emmanuel, thanks for sharing. May I know what is consider a WRB? Is it relatively to something or an absolute figure?
  • #63,694
  • Edited 1:40am Nov 25, 2015 1:28am | Edited 1:40am
Quoting Javforex
{quote} Hi Emmanuel, thanks for sharing. May I know what is consider a WRB? Is it relatively to something or an absolute figure?

A WRB Wide Range Bar is a price bar which had the highest range compare to the previous 3 to 5 price bars. I posted many examples before.

here is one good example USDCAD H4. If you do own to H1 now, you see a trade setup.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD 25 Nov H4 WRB example.png Size: 45 KB


H1 chart below:

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD 25 Nov h1 trade example Div WRB Low.png Size: 62 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,695
  • Nov 25, 2015 1:39am Nov 25, 2015 1:39am
Quoting Lookleft
{quote} Been traveling to the Americas to watch the last 3 F1 Grand Prix (plus a nice holiday in between) so internet access is a bit patchy and uploading screenshots is a pain. I hope everyone spotted yesterdays trades when the 3 Amigos (AU, EU, GU) fell out and their little pal Chunnel (EG) joined in the fun. Once EU had hunkered down it was just a question of waiting for a trade setup on AU and GU. With EU not moving EG was going to run in the opposite direction to GU. There was about 200 pips available (either H1 or H4) and if you had been paying...
There was indeed some nice trades yesterday. I was quite happy with my results but felt like I did not extract enough. Let's hope today is just as good. Enjoy the rest of your holiday!

Best,
  • #63,696
  • Nov 25, 2015 1:49am Nov 25, 2015 1:49am
Quoting trade786
Thankyou Emmanuel I am doing my best to go through this thread gets confusing when people add new indicators to it as it messes up the studying I only asked because your doing really well and it would benefit us all on how to achieve those kind of results
Keep it simple means Do Not Add any other indicators to this simple trading method. Just the APB and the TDI is all you need plus any moving average you want to use. That's all for the METHOD.
You need to spend more time working on the MONEY Management strategy which the next big part of your winning system.
The biggest part is work on your MIND, the mental fitness which is your conditioning of your mind for trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,697
  • Nov 25, 2015 1:54am Nov 25, 2015 1:54am
hi Emmanuel I am going through step 1 again and reading the late big E (RIP) method I think the 4 hour is suitable across all pairs there will be many opportunities everyday he mentioned usually candles move 3 or more times in each direction so I think I can do well but like You said I need to train my brain to accept this
  • #63,698
  • Nov 25, 2015 1:57am Nov 25, 2015 1:57am
what brokers are people using in the uk I spoke to somebody about my broker gkfx and he said they are market makers who tend to play around with my trades is this true
  • #63,699
  • Nov 25, 2015 2:32am Nov 25, 2015 2:32am
EURUSD H1
Price had been rejected several times from YH and 2 strong rejections from 200ema. Entered after price broke below daily 10ema and the 89ema that I use. A situation like that with the break below the daily 10ema can sometimes produce a rapid fall. Nice TDI cross with price line and signal line moving in the same direction and MBL starting to turn down. TP set to BRN (1.060) as it had acted as strong support in the past.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 36 KB

Will be watching on the next H4 APB for a possible re entry at continuation.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,700
  • Nov 25, 2015 2:41am Nov 25, 2015 2:41am
Quoting Lookleft
EURUSD H1 Price had been rejected several times from YH and 2 strong rejections from 200ema. Entered after price broke below daily 10ema and the 89ema that I use. A situation like that with the break below the daily 10ema can sometimes produce a rapid fall. Nice TDI cross with price line and signal line moving in the same direction and MBL starting to turn down. TP set to BRN (1.060) as it had acted as strong support in the past. {image} Will be watching on the next H4 APB for a possible re entry at continuation.
Good Trade Lookleft
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