Trading Made Simple

Quoting emmanuel7788

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ME/ME example AUDUSD shown on M15 using M15 TDI cross to add trades to the initial trade open on D1 chart. {image} Total 3 open trades to build one position in the market. I have 3 open trades with an average entry price and the market is in my favour. What shall I do now? 2 trades are in profit, while the 3rd one still floating loss. the overall average is profitable if I close all now.

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Quoting emmanuel7788

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{quote} here, same chart with added comments. when we trade with price action, we must look at the price bar Open, High, Low and Close. for the APB, we look at the colour, the body size and upper / lower wicks. we must be clear what is a setup candle... {image}

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Quoting emmanuel7788

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{quote} nothing wrong as you had your SL to protect your capital. but when you trade H1, why you did not close it within the same market session or same day? anyway, the weekly still look bearish, so selling is preferred. the SL would be above last week' high. but when you look at D1 chart, last Friday close was sign of price pulling back ahead of the China GDP data.

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Quoting tibovwh

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{quote} Emmanuel, Loved this post. Could you perhaps find some time this week to give an update on this pair and your management? It seems to be stalling under the 0.6940 level (September Double Bottom) since it broke on Friday and consolidating for now. I understand tomorrow is some AUD data. Best,

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Quoting TheScorpS

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EA _ H1 trade at NYO +1 hour long for 100 piper {image}

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Quoting tibovwh

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{quote} If Today closes above Friday's High... Can we consider this a bullish setup bouncing off the Oktober MN MC Low? Best,

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Quoting Scrambleguy

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{quote} Emm, your post explanations are very helpful, thank you

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Quoting emmanuel7788

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{quote} nothing wrong with your entry. but what is your exit strategy when you trade H1? knowing that there is big red UK news which creates market volality. D1 looks good to buy, but knowing where to place SL is important with the news. Using 2-day look back usually will work out as the market direction is clear. {image}

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Quoting efestus

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COuld someone be kind to help me out here, I was wondering what went wrong on this trade, and i couldn't just get it, probably i am not seeing something rightly, THanks in advance -53 pips loss in NZDUSD Sell {image}

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Quoting secondpath

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{quote} hi my dear friend Big emm and thanks to you for ur help. I think in ME/ME trades u dont consider R/R. am i right. really thanks to u.

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Quoting emmanuel7788

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{quote} Good that my post has been helpful. One quality of a super trader is to be meticulous and have a keen eye for details. My mentor told me this in 2011.

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Quoting emmanuel7788

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{quote} nothing wrong as you had your SL to protect your capital. but when you trade H1, why you did not close it within the same market session or same day? anyway, the weekly still look bearish, so selling is preferred. the SL would be above last week' high. but when you look at D1 chart, last Friday close was sign of price pulling back ahead of the China GDP data.

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Quoting catalin_eros

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{quote} Hello! First of all, your entry was done on the third candle. If you are trading by original rules, the entry is done on the open of the first or second candle. Secondly, look to the left, and you will see PA was rejected in that area. There is support. Thirdly, the APBs started to be very small after your entry. You have two APBs that gave you a warning signal, one that was a spinning top APB, and the other one that followed, which was a doji APB. After PA went in your favour, it reached the support zone, and it was rejected. Pay attention...

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Quoting emmanuel7788

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{quote} plain and simple Price Action trading with TMS 5-Method, that would be D1 Inside Bar breakout into free space .. my targets : {image}

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Quoting Kaly

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Hi, Entered at the vertical purple line USDCAD +200 PIPS so far. This is the first time i have gained these many pips and also had been on this trade from last week. Happy days finally {image}

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Quoting blackfriday

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{quote} Hi Emmanuel, do you calculate your price projection based on WRB or breakout of D1 WRB? Your first target 0.77875 is a bit higher than the price projection after break of the supply line - but the supply line is rather short, so maybe not valid. Or are your targets simply based on the resistance area of Sept / Oct. 2014? Thank you for supporting us rookies so much :-) {image}

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Quoting Kaly

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Hi, Entered at the vertical purple line USDCAD +200 PIPS so far. This is the first time i have gained these many pips and also had been on this trade from last week. Happy days finally {image}

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