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Trading Made Simple

  • #67,841
  • Apr 1, 2016 7:03am Apr 1, 2016 7:03am
Quoting catalin_eros
{quote} One note, regarding your words: So that candle 3 you marked cannot be for sell bias because of that WRB low is support and candle 3 did not close below that WRB low. I know we do not sell into the low of WRB, but we wait for a break, and in my question I meant the bias for candle 3 when it opened, so right after candle 2 closed. If that were the case, I would have been asking about candle 4, not 3. Thanks, Emm!

what are your rules for WRB? that is something you are missing .

once you are clear with your rules for WRB trading, then you should be checking when candle 2 close.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,842
  • Apr 1, 2016 7:07am Apr 1, 2016 7:07am
Hi Emm,
may i request info about smartcutloss region again?
i need for pair EURCAD timeframe H4
if i have buy position
Joining The 10%
  • #67,843
  • Apr 1, 2016 7:27am Apr 1, 2016 7:27am
Quoting emmanuel7788
{quote} I am 62, you can't be older than me. The thing I learn being at my age is that I can no longer learn things by memorizing by heart. I need to reason out everything so that I can etched that into my brain. This takes more time.
When I saw your new "look" yesterday, I click on the avatar to get a clearer view and on your profile it was shown as 61...and I thought to myself what you've been eating to reverse the age process for if my memory still hold you did mention in a post not too long ago that you are 62.I am going 63 soon and I have been trading forex much longer than I have been in ff..see, you made me unveil my age
the cautious seldom err....C
  • #67,844
  • Edited 7:46am Apr 1, 2016 7:32am | Edited 7:46am
62-26=36
Someone asked:

"what's The fact that surprised you most about ?"

He got 56 answers. One of the most shocking to me, is the following answer:

"Life is only 900 months."

I never realized that life can be short-lived to such precision. Recall that just last April, but is the blink of an eye, but one in 900 of life had disappeared, really terror ah.

In fact, you can draw a 30x30 table, a A4 paper is enough. Every month, on the tick in a box house. All your life in this paper. You will therefore have a clear idea of: how your life is wasted.
Attached Images
  • #67,845
  • Apr 1, 2016 7:40am Apr 1, 2016 7:40am
I forgot about NFP time and I think I was lucky
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  • #67,846
  • Apr 1, 2016 7:42am Apr 1, 2016 7:42am
Quoting emmanuel7788
{quote} {quote} Bucharest, I have not been there. Missed one opportunity to go there way back in 2006. It would be nice to visit one day.

If you do visit, let me know! I can show you around
focus, manage risk, rinse, repeat
  • #67,847
  • Apr 1, 2016 7:45am Apr 1, 2016 7:45am
Quoting emmanuel7788
EURUSD New Month April 2016 I like what I see in the March MN candle close. What shall we do for April new month trading? {image}
Attached Image
focus, manage risk, rinse, repeat
  • #67,848
  • Apr 1, 2016 7:54am Apr 1, 2016 7:54am
Quoting AcanaTrader
Hi Emm, may i request info about smartcutloss region again? i need for pair EURCAD timeframe H4 if i have buy position

no need to check.
if you had bought when this week made the low and reversed, take what the market gave you and walk away.
its Friday and you should be closing all 4H trades today and not keep over the weekend.
with that ECB candle, there is nothing to trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,849
  • Apr 1, 2016 7:56am Apr 1, 2016 7:56am
Quoting emmanuel7788
{quote} no need to check. if you had bought when this week made the low and reversed, take what the market gave you and walk away. its Friday and you should be closing all 4H trades today and not keep over the weekend. with that ECB candle, there is nothing to trade.
ok, thank you Emm
Joining The 10%
  • #67,850
  • Apr 1, 2016 8:03am Apr 1, 2016 8:03am
Quoting leonlee0116
I forgot about NFP time and I think I was lucky {image}
use this one,then you will not forget
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  • #67,851
  • Apr 1, 2016 8:07am Apr 1, 2016 8:07am
Quoting leescofield
{quote} use this one,then you will not forget {file} {image}
thanks! i will put into the chart right away!
  • #67,852
  • Apr 1, 2016 8:28am Apr 1, 2016 8:28am
this is my result of two days ME/ME
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Joining The 10%
  • #67,853
  • Apr 1, 2016 9:22am Apr 1, 2016 9:22am
Hi emmanuel:

I sent you a PM earlier this week. Whenever time permits, would you be so kind to guide? Thank you very much.
  • #67,854
  • Apr 1, 2016 9:34am Apr 1, 2016 9:34am
Quoting emmanuel7788
{quote} what are your rules for WRB? that is something you are missing . once you are clear with your rules for WRB trading, then you should be checking when candle 2 close.
I know I am missing something about WRB.

Let's take again the AJ example, and let's assume the trend was up. So MN up, W1 up, and D1 goes up and finishes with a bullish WRB, which I marked as candle 1 in your chart. So only upward move until now. After the WRB we get candle 2, a candle that opens and closes inside the WRB. The notes on your chart say "If the previous daily candle is bullish, stay in the buyers side". So in AJ example candle 2 was bearish, so we need to look only for sell opportunities when candle 3 opens, according to your notes, correct?

Then your answer to my PM says: "Always trade in the direction of the dominant trend when we trade ME/ME." And the question was about WRBs, so your answer must be pointing to trading ME/ME within the WRB, not to trading ME/ME in a trending environment, correct? And I was asking not about ME/ME, but about SE/SE.

So in your notes you say in the WRB we look at the last candle and establish direction based on that candle, and in my PM you say that withing the WRB we trade only in the direction of the trend.

Again, the simple question is this: if everything is up, and then a bullish WRB appears , and after the WRB we get a bearish IB, do we look for shorting or longing opportunities? And I am asking from the SE/SE point of view, not ME/ME.

That is part one. Now let me get to part two. I asked in the same PM if we take trades withing the WRB only near to high /low of the WRB, or if we can take trades right in the middle of it. Candle 2 closed in the middle of the AJ WRB. Do we enter a trade if the cross happens on H4/H1 right in the middle of the D1 WRB? I am not sure if you answered this in my PM, because your answer was this: "You can enter any setup between and support and resistance WERB included." This answer seems to be pointing to my other question, not to the question about trading in the middle of the WRB. So I am still confused...
  • #67,855
  • Apr 1, 2016 9:47am Apr 1, 2016 9:47am
Quoting leescofield
62-26=36 Someone asked: "what's The fact that surprised you most about ?" He got 56 answers. One of the most shocking to me, is the following answer: "Life is only 900 months." I never realized that life can be short-lived to such precision. Recall that just last April, but is the blink of an eye, but one in 900 of life had disappeared, really terror ah. In fact, you can draw a 30x30 table, a A4 paper is enough. Every month, on the tick in a box house. All your life in this paper. You will therefore have a clear idea of: how your life is wasted....
This is awesome and a great summary of what to do when we are lost, thank you!
  • #67,856
  • Apr 1, 2016 9:50am Apr 1, 2016 9:50am
Quoting emmanuel7788
{quote} Well, I made 295pips in weeks 12 and 13 just followed my BPP and trade plan. Next week/month will be good for more pips and money... For catalin eros, my trade entries and exits, below. {image}
Hi Emm! Thanks for all your patience and generosity!! Even though I just broke even this week, I can see now the mistakes I've made and I can hope next week will be better.

One question about your E/U entries: what was the trigger for the first trades, which seemed to go counter the current movement? Some of them seemed like they were trying to catch a retracement, other seem random (but I know they aren't =P ). I just can't understand them.
  • #67,857
  • Apr 1, 2016 9:58am Apr 1, 2016 9:58am
I wil use live account when I feel confident.
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  • #67,858
  • Apr 1, 2016 10:03am Apr 1, 2016 10:03am
Quoting gdfaria
{quote} Hi Emm! Thanks for all your patience and generosity!! Even though I just broke even this week, I can see now the mistakes I've made and I can hope next week will be better. One question about your E/U entries: what was the trigger for the first trades, which seemed to go counter the current movement? Some of them seemed like they were trying to catch a retracement, other seem random (but I know they aren't =P ). I just can't understand them.
I reckon you did not read how to trade with me/me
the cautious seldom err....C
  • #67,859
  • Apr 1, 2016 10:32am Apr 1, 2016 10:32am
Quoting pips29
{quote} I reckon you did not read how to trade with me/me
It's in fear when people show what they truly value.
  • #67,860
  • Apr 1, 2016 11:18am Apr 1, 2016 11:18am
Quoting pips29
{quote} I reckon you did not read how to trade with me/me
I did read some posts about ME/ME.
Maybe I understood it differently. At the first and second entries, all the signals I could see pointed to a bearish 'mini-trend' and a possible resistance in the Daily chart. All the 'original' TMS entry signals pointed to SELL. And I think we can agree that the first entry wasn't ideal (in hindsight, of course, which makes judging trades very easy).

For instance: why not wait for the TDI to at least go flat? Or wait for a bullish breakout of any of the bearish Wide Bars. Wouldn't those be good places to build the position with some 'protection' from a possible turn of the main, bullish trend?

I just can't see what triggered the entries. And I'm really curious because I wish I had made those trades ;D
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