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Trading Made Simple

  • #67,161
  • Mar 17, 2016 5:48pm Mar 17, 2016 5:48pm
Quoting emmanuel7788
{quote} Entry and Exit: keep simple rules: entry and exit must be on the same trading chart timeframe. TDI cross up on H4 you buy, TDI cross down on same chart H4 you exit. there is only one exception, anyone who know this exception and post an example with a chart and explain this exception using this week's price data will win a prize from me. give it a try, the prize is worth 1,000 pips per month.
Perhaps when we stalk a trade for a retracement entry?

http://www.forexfactory.com/showthre...60#post8610960

I couldn't do BPP this weekend and haven't traded all that much this week. But perhaps this is an example? Not sure tbh

Last week EURGBP broke out of that MC(3). It retraced in that WRB (perhaps there is some Hidden Gap in there ?) . Then on 4H there was a MC(3) breakout with TDI confirming.

Could be way off also
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  • #67,162
  • Mar 17, 2016 5:51pm Mar 17, 2016 5:51pm
Quoting tibovwh
{quote} Perhaps when we stalk a trade for a retracement entry? http://www.forexfactory.com/showthre...60#post8610960

nope. try again.
there is no limit the number of attempts.
but read that post carefully and follow the rules.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,163
  • Mar 17, 2016 6:02pm Mar 17, 2016 6:02pm
Quoting emmanuel7788
{quote} Entry and Exit: keep simple rules: entry and exit must be on the same trading chart timeframe. TDI cross up on H4 you buy, TDI cross down on same chart H4 you exit. there is only one exception, anyone who know this exception and post an example with a chart and explain this exception using this week's price data will win a prize from me. give it a try, the prize is worth 1,000 pips per month.
Very interesting question . . . I believe the only time we do not exit a trade when there is a cross in the opposite direction is when the TDI is in the extreme, under 32 or above 68.

I have attached GU m30 chart to show an example of crosses that should be ignored as exit signals.

Attached Image (click to enlarge)
Click to Enlarge Name: Emmanuel Quiz Answer1.png Size: 154 KB
  • #67,164
  • Mar 17, 2016 6:05pm Mar 17, 2016 6:05pm
This is a zoomed in chart with vertical lines for clarification . . .

Best,
N

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Click to Enlarge Name: Emmanuel Quiz Answer zoom.png Size: 131 KB
  • #67,165
  • Mar 17, 2016 6:05pm Mar 17, 2016 6:05pm
Quoting emmanuel7788
{quote} Entry and Exit: keep simple rules: entry and exit must be on the same trading chart timeframe. TDI cross up on H4 you buy, TDI cross down on same chart H4 you exit. there is only one exception, anyone who know this exception and post an example with a chart and explain this exception using this week's price data will win a prize from me. give it a try, the prize is worth 1,000 pips per month.
interesting challenge.. challenge accepted.
It's in fear when people show what they truly value.
  • #67,166
  • Mar 17, 2016 6:11pm Mar 17, 2016 6:11pm
Quoting ensale
{quote} interesting challenge.. challenge accepted.

yup, start thinking and give this your best shot.

everyone has equal opportunity until this week market close.

whoever post the one exception to that Entry & Exit rule will not regret.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,167
  • Mar 17, 2016 6:22pm Mar 17, 2016 6:22pm
Quoting Nik-Nyc
{quote} Very interesting question . . . I believe the only time we do not exit a trade when there is a cross in the opposite direction is when the TDI is in the extreme, under 32 or above 68. I have attached GU m30 chart to show an example of crosses that should be ignored as exit signals. {image}

Hi Nik,

your 4K wide display is fantastic. I am sure a sound bar came with that...?

very good attempt.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,168
  • Mar 17, 2016 6:30pm Mar 17, 2016 6:30pm
Quoting emmanuel7788
{quote} Hi Nik, your 4K wide display is fantastic. I am sure a sound bar came with that...? very good attempt. regards,
Thanks Emmanuel, many of your teaching and other member on FF helped earn the pips for the 4k display .

One clarification regarding your question, is it related to ME/ME trading or single entry trading . . . i ask because my notes are separate.

Thanks,
N
  • #67,169
  • Mar 17, 2016 6:37pm Mar 17, 2016 6:37pm
Quoting Nik-Nyc
{quote} Thanks Emmanuel, many of your teaching and other member on FF helped earn the pips for the 4k display . One clarification regarding your question, is it related to ME/ME trading or single entry trading . . . i ask because my notes are separate. Thanks, N

no further tips to that question asked. you don't need any.

you know much more than many others here.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,170
  • Mar 17, 2016 6:44pm Mar 17, 2016 6:44pm
Quoting emmanuel7788
{quote} no further tips to that question asked. you don't need any. you know much more than many others here.
Fair enough . . . but i might keep swinging my axe at this tonight as tomorrow i will be away at my computer.

Okay, how about when there is an exit cross but the APB has not closed above the 5EMA-shift3, in this case exit should be ignored.

Pic attached of UJ M30.

:-)

Best,
N

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  • #67,171
  • Edited 7:19pm Mar 17, 2016 6:47pm | Edited 7:19pm
Quoting emmanuel7788
{quote} Entry and Exit: keep simple rules: entry and exit must be on the same trading chart timeframe. TDI cross up on H4 you buy, TDI cross down on same chart H4 you exit. there is only one exception, anyone who know this exception and post an example with a chart and explain this exception using this week's price data will win a prize from me. give it a try, the prize is worth 1,000 pips per month.

I believe only exception to those rules are the Bounce entries.

Examples this week: GBPPY H4. Please ignore the current SL, TP there on the chart.
As for explaning the exception, i can try. If green touches red but doesn't cross + the candle doesn't close on the other side of 5EMA shift +3 and higher time frame trend agrees with you.... then that is a good Bounce trade. So best example is the second bounce from GBPPY

GBPJPY H4
Attached Image


In the words of Big E :
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focus, manage risk, rinse, repeat
  • #67,172
  • Mar 17, 2016 6:55pm Mar 17, 2016 6:55pm
Quoting Nik-Nyc
{quote} Fair enough . . . but i might keep swinging my axe at this tonight as tomorrow i will be away at my computer. Okay, how about when there is an exit cross but the APB has not closed above the 5EMA-shift3, in this case exit should be ignored. Pic attached of UJ M30. :-) Best, N {image}
This is also what I had in mind. Based on this post.

But on the other hand: this post.

Best,
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  • #67,173
  • Mar 17, 2016 6:56pm Mar 17, 2016 6:56pm
Hi all you lovely TMS folks,

Just to share my trading results after closing some positions early today when London market session ended. This week has been very hectic attending workshops with a few trading buddies and today is rest day. The final workshop will run again on Sat till Monday so I won't have too much time to read this thread and reply those who ask for help. There are other good people who can help each other. Please keep helping one another out and keep the spirit positive.

This week I suffered a further 2 % in drawdown from last week. But the overall performance improved.

Week 09 to 11 ( Mar 2 to 18)
Winning trades : 177
Losing trades : 46
Total Win pips : 5,495 pips
Average Win Pips : 30.7 pips
Average Win Amount: $545.17
Average Lot Size : 1.95 std.
Average duration of trade : 9Hour 58Mins

Attached Image (click to enlarge)
Click to Enlarge Name: TMS MEME trades closed Week 9 to11.png Size: 61 KB


Last week results:
http://www.forexfactory.com/showthre...42#post8805142
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,174
  • Mar 17, 2016 7:09pm Mar 17, 2016 7:09pm
Quoting tibovwh
{quote} This is also what I had in mind. Based on this post. But on the other hand: this post. Best, {image}
Yes, agreed . . .
  • #67,175
  • Mar 17, 2016 7:27pm Mar 17, 2016 7:27pm
Nice results! Someday I'll get there ^^
I found this TS a couple of weeks ago and am giving it a try. So far, I love it!

But: I don't know if I'm being too cautious, but I haven't entered in a lot of trades last week and this week so far. In my vision, the market is too flat, too range-y, a lot of signals that do not seem reliable... in some pairs, the price moves too quickly for the 4h timeframe and the the risk/reward ratio is just not good right in the 1st bar of a possible entry signal. Anyone else having this feeling, or am I just nervous while getting used to the system?? =)

(Or maybe I got out of good trades too soon... Examples of what I'm seeing right now: GBP pairs are trending too strongly to enter (signal is overbought or oversold); AUD pairs have lots of triangles and ranges, EUR pairs are weird since the big spike last week... also, a lot of times Daily charts are not 'aligned' with 4h charts, so I usually don't trade in those conditions... also, lots of candles with small bodies, I also tend to avoid those. My broker updated the 4h candles 20 minutes ago and I haven't seen a single entry signal that looks good)

((BTW, I'm not complaining... I've made ~190 pips in the last 6 days I've traded. But reading the posts here, it seems I'm missing a lot of the action))
  • #67,176
  • Mar 17, 2016 7:28pm Mar 17, 2016 7:28pm
Quoting emmanuel7788
Hi all you lovely TMS folks, Just to share my trading results after closing some positions early today when London market session ended. This week has been very hectic attending workshops with a few trading buddies and today is rest day. The final workshop will run again on Sat till Monday so I won't have too much time to read this thread and reply those who ask for help. There are other good people who can help each other. Please keep helping one another out and keep the spirit positive. This week I suffered a further 2 % in drawdown from last...
Hi Emmaanuel:

What an inspiration you are to this thread. Your wisdom, passion, sincerity, tenacity and single minded pursuit has truly kept this excellent thread alive. If BigE were around today, he would say....well played!

Respect!
  • #67,177
  • Mar 17, 2016 7:57pm Mar 17, 2016 7:57pm
Quoting emmanuel7788
{quote} I simply use the platform provided Moving Average indcators... {image}

Thank emmanuel.. !!
  • #67,178
  • Mar 17, 2016 8:07pm Mar 17, 2016 8:07pm
Quoting bill992
{quote} I believe only exception to those rules are the Bounce entries. Examples this week: GBPPY H4. Please ignore the current SL, TP there on the chart. As for explaning the exception, i can try. If green touches red but doesn't cross + the candle doesn't close on the other side of 5EMA shift +3 and higher time frame trend agrees with you.... then that is a good Bounce trade. So best example is the second bounce from GBPPY GBPJPY H4 {image} In the words of Big E : {image}
I had the same thought. You got it I think
Live life king size !
  • #67,179
  • Mar 17, 2016 8:10pm Mar 17, 2016 8:10pm
Quoting emmanuel7788
{quote} when you sell, look for resistance because sellers sell from resistance and/or when buyers get stop by resistance. do you see resistance at the setup condition? old resistance which is broken by buyers becomes support what some traders say resistance become support or support become resistance. what did Big E say about supp&res? http://www.forexfactory.com/showthre...90#post4765390
Thank you Emmaunuel . I will definitely read more on about support and resistance. Was the link for a post about it? I'm going to start from the beginning again. I know that should be in the basics! Thanks for helping me! I needed that pointed out after my trades today lol. You do so much for this thread!! Thank you so much for answering questions for newbies like me!
  • #67,180
  • Mar 17, 2016 8:42pm Mar 17, 2016 8:42pm
Quoting emmanuel7788
{quote} Entry and Exit: keep simple rules: entry and exit must be on the same trading chart timeframe. TDI cross up on H4 you buy, TDI cross down on same chart H4 you exit. there is only one exception, anyone who know this exception and post an example with a chart and explain this exception using this week's price data will win a prize from me. give it a try, the prize is worth 1,000 pips per month.
Let me try.
When setup happened in the range of MBR or MC candle, the setup is invalid and that is the exception. isn`t it?

here is the chart of USDCAD this week.
sorry for unclear picture, i cut it from my VPS.
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