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Trading Made Simple

  • #66,761
  • Mar 9, 2016 2:26pm Mar 9, 2016 2:26pm
Quoting catalin_eros
{quote} Let me explain, by starting with GA. On GA there was actually a cross on the close of the second candle. See the vertical line I drew on the chart. {image} On EA... According to my BPP, I knew I would only be a seller this week on EA. When the candle that I entered opened, the green pierced the red, so there was a cross. But on the live candle, which means I took it aggressively, since I look to enter on the cross on the close of the candle, not on the opening of the candle. The cross on the opening of the candle is for the original rules...

ah ok thankyou, I think I understand now. I would look at some people's chart and for some people it would look like there was no TDI cross ...but i guess they may have been taking the trades agressively like yourself.

I guess at some point i will try and attempt these trades too. maybe in a couple of months or something..

Im wondering if the SL on these aggresive trades is the same as the normal trades? ...as the GA did range quite a ways upwards before pluging down and giving you your profit. I normally use ATR [7] (on the same timeframe] x 1.75 as my stop loss ....but i think that would have failed with the GA trade if i had used that.
  • #66,762
  • Mar 9, 2016 2:30pm Mar 9, 2016 2:30pm
Dear Emmanuel, [or anybody else who knows]


do we have to be on a special specific timeframe in order to take trades off the previous week fib level? I have never used it before to take trades from. but suppose it held on this chart and produced a TDI cross to the downside. Is it ok to class the weekly fib as support?
Attached Image (click to enlarge)
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  • #66,763
  • Mar 9, 2016 3:57pm Mar 9, 2016 3:57pm
Quoting kain775
{quote} ah ok thankyou, I think I understand now. I would look at some people's chart and for some people it would look like there was no TDI cross ...but i guess they may have been taking the trades agressively like yourself. I guess at some point i will try and attempt these trades too. maybe in a couple of months or something.. Im wondering if the SL on these aggresive trades is the same as the normal trades? ...as the GA did range quite a ways upwards before pluging down and giving you your profit. I normally use ATR [7] (on the same timeframe]...
SL was 2 D1 lookback, and TP was 60% of W1 52 ATR.
  • #66,764
  • Mar 9, 2016 5:25pm Mar 9, 2016 5:25pm
Quoting catalin_eros
EC, H4, short, 102 pips. {image} AJ, H4, long, 93 pips. {image} GA, H4, short, 171 pips. {image} EA, H4, short, 152 pips. {image} And UC, H4, short, 99 pips. This trade is all Emm's merit, not mine. {image} Emm, would you still be taking swing trades tomorrow, or you would consider this week closed?
Hi catalin_eros

Fantastic trades
May I ask some questions
1. How do you scan the market? it seem to me that you always have many pairs to trade.
2. some charts you were using PAC & some you were using ema. Reason?
3. Were your entries according to prices broke PAC or ema with TDI confirmation? with or without 3bars reversal.
4. Ucad - Green TDI did not cross red TDI at that time(when you entered). Or you considered only Green TDI as Big E did?
Thank you

Best regards
  • #66,765
  • Mar 9, 2016 6:33pm Mar 9, 2016 6:33pm
Hello Sir, I am new to trading FX in need your help and mentorship. Please help me. Thank you. Oberepon from Ghana
  • #66,766
  • Mar 9, 2016 6:47pm Mar 9, 2016 6:47pm
Quoting catalin_eros
{quote} SL was 2 D1 lookback, and TP was 60% of W1 52 ATR.

many would ask, what about Risk Reward when you place your SL using 2-Day look back is too big and your TP at 60% of the 52-weeks average trading range willnt give you good RR.

what is the answer?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,767
  • Mar 9, 2016 6:57pm Mar 9, 2016 6:57pm
Quoting kain775
Dear Emmanuel, [or anybody else who knows] do we have to be on a special specific timeframe in order to take trades off the previous week fib level? I have never used it before to take trades from. but suppose it held on this chart and produced a TDI cross to the downside. Is it ok to class the weekly fib as support? {image}

you must first go back to your big picture plan and ask what are you trading this week.

Big E did not use any pivots or fibo levels when he trade H4. He simple look to the left of his charts and see the recent support and resistance. He also look at the round numbers on the price axis. Yet he knew how to pick only the best setups. What in his definition is "best setups"?

You don't see a setup until you see price action at support and resistance, and you must see the APB#1 and APB#2 candles which must show price momentum that has to be confirmed with the TDI or the RSI. It is the angle of the TDI Green line that matters a lot more than anything else you see such as pivots, fibos, harmonics patterns PRZ, astro cycle 618, etc. All these are pure technical stuff of the trading method and it is not more than 10% what a trading system is. This will not be your winning edge.

You must work on the 30% part which is Money Management strategy then work on the other 60% the trader's Mind, your mental fitness to stay in this business.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,768
  • Mar 9, 2016 7:05pm Mar 9, 2016 7:05pm
Quoting catalin_eros
{quote} Let me explain, by starting with GA. On GA there was actually a cross on the close of the second candle. See the vertical line I drew on the chart. {image} On EA... According to my BPP, I knew I would only be a seller this week on EA. When the candle that I entered opened, the green pierced the red, so there was a cross. But on the live candle, which means I took it aggressively, since I look to enter on the cross on the close of the candle, not on the opening of the candle. The cross on the opening of the candle is for the original rules...

...but I don't just bank thousand of pips. you can trade with very small lot size and place many orders at the same price levels and bank thousand of pips.
like Snarlyjack used to say:
1 pip std lot = $10
1 pip mini lot = $1
1 pips micro lot = 10 cents

how much do you want to make? 10,000 pips at 10cents each or 1,000pips at S1 each or 500pips at $10 each.

What is important is your account size. To Dr Van Tharp, $50,000 trading account is considered small.
If you trade with a $5,000 account and think of making $1,000,000 in 4 years simply thinking of the effect of compounding you have made the most common mistake of a trader having a delusion.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,769
  • Mar 9, 2016 7:15pm Mar 9, 2016 7:15pm
Quoting Oberepon
Hello Sir, I am new to trading FX in need your help and mentorship. Please help me. Thank you. Oberepon from Ghana

Hello Oberepon,

I get this kind of PMs on average one per week for the past one year. Some I read have a lot of urgency due to different life circumstances.

Follow this thread, read all the posts by our late OP eelfranz aka Big E or some of us know him by Eric. You will get to know the man and learn how he evolved from a newbie in 2007 and became a profitable trader in 2010.

You will need time to learn, study, take notes and develop your own trading manual, practice in realtime market, etc.
But I want to repeat this: You will not learn and become a successful trader by following forum like FF. You need to find another way and one of which is to find it in the community where you live.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,770
  • Mar 9, 2016 7:20pm Mar 9, 2016 7:20pm
Quoting blackfriday
Hi Emmanuel, what do you think about starting a new D1 ME/ME basket EJ and GJ?

Hi,

sorry my reply come very late. I went to bed early when NY session open.

about the JPY pairs, I did mention we are trading possible corrections last week and this week due to the negative interest rate announced in Feb.
so we are trading counter trend and we need to mitigate the risk.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,771
  • Mar 9, 2016 7:22pm Mar 9, 2016 7:22pm
Quoting billsmith
i have been reading through the beginning of the thread and am trying to work out where to place sl and when and how to move them, can any one help me?

just a few post above another member ask this FAQs. my reply is to this link below...

http://www.forexfactory.com/showthre...16#post8799016
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,772
  • Mar 9, 2016 7:26pm Mar 9, 2016 7:26pm
Quoting catalin_eros
EC, H4, short, 102 pips. {image} AJ, H4, long, 93 pips. {image} GA, H4, short, 171 pips. {image} EA, H4, short, 152 pips. {image} And UC, H4, short, 99 pips. This trade is all Emm's merit, not mine. {image} Emm, would you still be taking swing trades tomorrow, or you would consider this week closed?

many made money with EURCAD and USDCAD and they weren't sorry reading my posts...

no 4H swing trades today but instead I love to see my grandchildren on the swing in our garden today.

I close most of my D trades this week and need time to do some housekeeping of my computer tonight.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,773
  • Mar 9, 2016 8:49pm Mar 9, 2016 8:49pm
about CAD pairs,

we saw strong CAD last night with BOC keeping its rates at .5%

so we sell EURCAD, GBPCAD, USDCAD.... on D1 charts today as follow through.

but AUD is relatively stronger, so we buy AUDCAD on longer term trading.
No matter what those harmonics patterns says.The PRZ is a very large zone and until we see a bearish TMS 5-Method in D1 and Weekly, we DO NOT sell on rising prices with positive momentum. You must ask if yourself, if you sell at the high thinking that it is in the PRZ , where do you place your initial Stop Loss and how do you do your trade risk and position sizing? Even if you trade with very small lot size, you risk margin depletion and you lose the ability to use your account deposit for other trade opportunity in the meantime when your account is in floating drawdown. You can also face possible margin call. The art of trading and money management is to have a healthy margin in your trading account. Learn to use SMART Money Management strategy. Many well known investments and trading authors / coaches (some call them Gurus) have written books on this. Know them, use them.

today RBNZ reduced its rate from 2.5% to 2.25% not expected by many analysts but it happened.

also buying AUDNZD on D1 chart until we see it loses its upward momentum before any reversal.

keep watch on the next RBA rate annoucement on AUD rate. Matter of time it will be reduce by 0.25%

always trade safe with your account deposit.

Let TMS 5-Method lead your trading .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,774
  • Edited Mar 10, 2016 12:17am Mar 9, 2016 10:30pm | Edited Mar 10, 2016 12:17am
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 15 KB


Dear Emmanuel, thanks for the links to STRATS and everything on PASR. I am trying to learn about PASR and Candlestick analysis. If you see the EUR/CAD H4 above, if the next candle is bullish, that confirm a reversal bullish trend? both candle are near the support level from looking to the left. Am I correct?

Cheers

PS Posted this 2 hours ago, it's still in review. Might not be relevant when it finally appears on this thread
  • #66,775
  • Edited Mar 10, 2016 12:35am Mar 9, 2016 11:56pm | Edited Mar 10, 2016 12:35am
Dear Emmanuel ( and other friends who know the answer )

I was going through earlier posts and found in one post ,one of our trader friend mentioned that in tdi crossover , he looks for both green line angle and red line angle ?

is it required to see both angles or only the green line angle?

red line has a slight slope but green is pointing towards 5 in a clock ,in that case can I take sell ( considering remaining all conditions are met ).

if green line is forming a good angle slope and red is less slope can i still take a call ?
pls advice .

Thank you in advance.
Am sorry if my english is bad ,as english is not my native language .
  • #66,776
  • Mar 10, 2016 12:03am Mar 10, 2016 12:03am
possible trades in M15 for those who use the PAC.

trade away from the 50EMA , 200EMA and the Day Open.

risk is support seen to the left.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD 10Mar M15 setup and support.png Size: 70 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 10Mar M15.png Size: 69 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,777
  • Mar 10, 2016 12:38am Mar 10, 2016 12:38am
TMS M15 Trade examples EP Sl and TPs.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD 10Mar M15 sell EP SL TPs.png Size: 38 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 10Mat M15 sell EP SL TPs.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,778
  • Mar 10, 2016 12:45am Mar 10, 2016 12:45am
Quoting zake
{image} Dear Emmanuel, thanks for the links to STRATS and everything on PASR. I am trying to learn about PASR and Candlestick analysis. If you see the EUR/CAD H4 above, if the next candle is bullish, that confirm a reversal bullish trend? both candle are near the support level from looking to the left. Am I correct? Cheers PS Posted this 2 hours ago, it's still in review. Might not be relevant when it finally appears on this thread

Hi,

on the left of your H4 chart, you see last week's low. that is natural support.
to trade continuation of the weekly candle, you sell when price breaks that low and follow to see if it makes a new low for this week.\

regards,

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD 10Mar H1 intraday trade.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,779
  • Mar 10, 2016 1:02am Mar 10, 2016 1:02am
Quoting dra.forex
Dear Emmanuel ( and other friends who know the answer ) I was going through earlier posts and found in one post ,one of our trader friend mentioned that in tdi crossover , he looks for both green line angle and red line angle ? is it required to see both angles or only the green line angle? red line has a slight slope but green is pointing towards 5 in a clock ,in that case can I take sell ( considering remaining all conditions are met ). if green line is forming a good angle slope and red is less slope can i still take a call ? pls advice . Thank...

Hi,

please post a chart and I can explain better how to read the price action using the price bars and the APB, I can show you how the TDI reacts to the real price bar action movements. This will be a very small part of your 10,000 hours.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,780
  • Mar 10, 2016 1:30am Mar 10, 2016 1:30am
Dear Emmanuel ,
Thank you for your valuable time in replying to our doubts.
in the chart below , how do i look at angle 4,6 ?

should I look at the angle formed between red line and green line ? (or)should I see the angels formed by each redline and green line separately? (or )should i only look at angle of green line.
Am referring to the latest pa candle and the tdi cross over which is happening now .
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 33 KB


kindly guide me further.
Thanks
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