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Trading Made Simple

  • #68,821
  • May 3, 2016 8:08am May 3, 2016 8:08am
Quoting Yule
NZDUSD - Another possible bounce trade? , breakout from range, price rejects from Daily resistance(0.705 RN) {image}
Weekly and Daily uptrend.
Lets wait for Em's reply.
  • #68,822
  • May 3, 2016 8:14am May 3, 2016 8:14am
Keep It Simple - use the price Big Round Number and look at price action at BRN.
So many different types of Pivots, which one do you to use? How can pivots be road map to trading success? Newbie talk...

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 18 May 3 H1 setup.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,823
  • May 3, 2016 8:18am May 3, 2016 8:18am
Quoting emmanuel7788
Keep It Simple - use the price Big Round Number and look at price action at BRN. So many different types of Pivots, which one do you to use? How can pivots be road map to trading success? Newbie talk... {image}
​Going against the trend but you have said in the past on h1 you can countertrend too..
  • #68,824
  • May 3, 2016 8:20am May 3, 2016 8:20am
Quoting emmanuel7788
{quote} Always risky to chase after the market ... but sometimes the risk is well taken when the higher TF says it is good. {image}
Hi Em,
Any chance you can post your template file for this chart please or direct me to a prior post?

Regards
Rob
Your trade order needs to be in the right place at the right time.
  • #68,825
  • May 3, 2016 8:24am May 3, 2016 8:24am
Quoting Yule
NZDUSD - Another possible bounce trade? , breakout from range, price rejects from Daily resistance(0.705 RN) {image}

Another nice setup using Price Action at RN 0.7050.... no need foir Pivots of any kinds, types,..
BRN AND RN are fixed and all charts show the same BRNs and RNs. These BRNs and RNs do not move, recalculate, or depends on different server open time, etc. like different pivots...


Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 18 May3 H4 setup.png Size: 84 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,826
  • May 3, 2016 8:28am May 3, 2016 8:28am
Quoting emmanuel7788
{quote} risky to trade against the higher TF - D1 and W1. and always wait for the candle to close to confirm any setup. {image}
my friend can you upload this multichart indicator here i tried hard but didn't find it
  • #68,827
  • May 3, 2016 8:37am May 3, 2016 8:37am
EURAUD strong trending ...

there is nothing to suggest that EURAUD is in sell zone... market do not obey pivots, which picot do you want the market to obey? a Newbie talk.

just look at the price and its momentum and where the BRNs are ....

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD with BRNs.png Size: 57 KB


TMS traders are trend following traders, we are not trend fader scalpers.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,828
  • May 3, 2016 9:18am May 3, 2016 9:18am
Quoting emmanuel7788
{quote} risky to trade against the higher TF - D1 and W1. and always wait for the candle to close to confirm any setup. {image}
Hello Emmanuel,After I traded some time with Single entry, I want to start your money management System now. I started building a long Position on GPB/USD but now it's really Moving against us. In the Pdf's about building a Position I read that we use the retracement to open New Lots. Now I want to ask what you do if you have auch a big retracement. My stop loss is set at the 2 days lookback. Do we just wait or add new entries as it was said in the pdf?I think this is a newbie question, but I hope you find the time to answer it.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2016-05-03-16-16-52.png Size: 105 KB
  • #68,829
  • May 3, 2016 1:10pm May 3, 2016 1:10pm
I took this trade on demo EUR-CAD:
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH4.png Size: 187 KB
  • #68,830
  • May 3, 2016 3:23pm May 3, 2016 3:23pm
Quoting catalin_eros
{quote} Hello, BridgeWater! I gave your indi a shot, but the issue is that it makes measurements from the WOL. The correct measurement should be from the H/L of the current week. It must readapt to every new H/L of the week, and change the levels. It would be awesome if you could make the necessary changes and reupload it. Thanks!
You must know about indicator on post #68,646 that i create base on Emm Post #68,585 and #68,609. So, its nothing wrong with that indicator.
But, if you want it calculated base on High/Low of current week, try this one.
I made custom indicator for anyone who need ATR(52) week representated on chart by horisontal line, divided to 40%, 60%, and full 100% for each direction.
hope its usefull, enjoy!

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 52 KB

Attached File(s)
File Type: ex4 AWR52 BridgeWater.ex4   15 KB | 403 downloads
  • #68,831
  • May 3, 2016 4:01pm May 3, 2016 4:01pm
thank you bridgewater,
funny enough i was looking for this indicator today, i couldn't remember whos charts i had seen it on!!!
are you able to add a feature to change the colours of the lines? (kinda clash with my charts!!! )
another useful feature would be for us to be able to change the 40% 60% 100% values...
i know nothing about coding so not sure if this is hard or easy to do.

thank you
Fib(onacci) my way to glory
  • #68,832
  • May 3, 2016 5:11pm May 3, 2016 5:11pm
Quoting BridgeWater
{quote} You must know about indicator on post #68,646 that i create base on Emm Post #68,585 and #68,609. So, its nothing wrong with that indicator. But, if you want it calculated base on High/Low of current week, try this one. I made custom indicator for anyone who need ATR(52) week representated on chart by horisontal line, divided to 40%, 60%, and full 100% for each direction. hope its usefull, enjoy! {image} {file}
Thanks, mate! This one is exactly what I needed.
  • #68,833
  • Edited 7:45pm May 3, 2016 7:07pm | Edited 7:45pm
Hi friends

Anyone trade gold? My BBP for gold. Please comment for exchanging ideas Thanks
weekly chart prices crossed over 200ema means trend is up TP1 1326 and TP2 around1390-1400. I think BO entry is above 1300 or PA & TDI in H1 chart.
H4 yesterday I took some counter trend trade because I thought prices were running up so long they should be exhausted and they were around at 1300. I didn't make any profit - I forgot at this level(1300) there would be many profit takings & also entry points. If I cooled down a bit I should have 120pips profit but a bit risky for counter trend trade.

Best regards,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold_w.png Size: 36 KB
Click to Enlarge Name: Gold_h4.png Size: 83 KB
  • #68,834
  • May 3, 2016 7:42pm May 3, 2016 7:42pm
Hi friends,

GU BBP sorry for late BBP due to I work weekend till monday(my normal job). Yesterday was busy with BBP & planning to take the trade
Weekly reversal to up trend prices are above 10ema & PA closed above HL. Targe1 1.48000 or 50ema level & target2 1.50000
Daily which I took the counter trend trade yesterday because prices were at 200ema(resistance). I took profit +115pips should be more but I was going to bed so I rather took profit earlier happy with 100+pips
H1&H4 Long entry with PA & TDI confirmation.

Any comment welcome for exchanging ideas. Thank you

Best regards,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU_W.png Size: 38 KB
Click to Enlarge Name: GU_D.png Size: 78 KB
Click to Enlarge Name: GU_H1.png Size: 96 KB
  • #68,835
  • May 4, 2016 1:49am May 4, 2016 1:49am
Quoting Mbt
{quote} Hello Emmanuel,After I traded some time with Single entry, I want to start your money management System now. I started building a long Position on GPB/USD but now it's really Moving against us. In the Pdf's about building a Position I read that we use the retracement to open New Lots. Now I want to ask what you do if you have auch a big retracement. My stop loss is set at the 2 days lookback. Do we just wait or add new entries as it was said in the pdf?I think this is a newbie question, but I hope you find the time to answer it. {image}

If you are trading on Day chart, you SL should be below the Low of Week 17 and worst case, it can be below the Low of Week 16. This will allow room to build up a position using 0.5 x ADR(100) days.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,836
  • May 4, 2016 1:57am May 4, 2016 1:57am
Quoting Islandfx911
{quote} Hi Em, Any chance you can post your template file for this chart please or direct me to a prior post? Regards Rob

Quoting lotsofsweet
{quote} my friend can you upload this multichart indicator here i tried hard but didn't find it

you need the pipware-charts indicator and set that up correctly on your chart.
Download v7 here click to download

you also need a copy of your Synergy APB or the HeikenAshi_DM and rename that to Heiken Ashi if you want to see the HA in the sub-window.
and copy of the Traders_Dynamic_Index.
both these must be in the same indicator folder.

read these posts and set up your multi-charts...
Pipware Multi-charts Post#22,190, Post#58,291, Post#59,663

***Important post to read for correct TDI version to use Post#58,401
Also must read Post#58,404 to set up the mini charts correctly.
And read all other post with keyword search pipware in this thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,837
  • May 4, 2016 2:09am May 4, 2016 2:09am
Quoting emmanuel7788
{quote} {quote} you need the pipware-charts indicator and set that up correctly on your chart. Download v7 here click to download you also need a copy of your Synergy APB or the HeikenAshi_DM and rename that to Heiken Ashi if you want to see the HA in the sub-window. and copy of the Traders_Dynamic_Index. both these must be in the same indicator folder. read these posts and set up your multi-charts... Pipware Multi-charts Post#22,190,...
Thanks
Your trade order needs to be in the right place at the right time.
  • #68,838
  • May 4, 2016 5:02am May 4, 2016 5:02am
Quoting emmanuel7788
{quote} Another nice setup using Price Action at RN 0.7050.... no need foir Pivots of any kinds, types,.. BRN AND RN are fixed and all charts show the same BRNs and RNs. These BRNs and RNs do not move, recalculate, or depends on different server open time, etc. like different pivots... {image}
Thanks for the reply, Emmanuel. This chart show the exit of my trade yesterday. It happened when I woke up and saw this candle(Yellow vertical line) Can it be the BUOB?

or that candle must close above the previous candle, so we consider it to be BUOB?

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-h4-forex-capital-markets.png Size: 41 KB


Regards
  • #68,839
  • May 4, 2016 5:46am May 4, 2016 5:46am
Quoting emmanuel7788
{quote} {quote} you need the pipware-charts indicator and set that up correctly on your chart. Download v7 here click to download you also need a copy of your Synergy APB or the HeikenAshi_DM and rename that to Heiken Ashi if you want to see the HA in the sub-window. and copy of the Traders_Dynamic_Index. both these must be in the same indicator folder. read these posts and set up your multi-charts... Pipware Multi-charts Post#22,190,...
Hi Emmanuel & Virus experts,

I ran Virustotal on suite v7 there were about 6viruses in the software. I don't know whether it's safe or not?

Best regards,
Attached Image (click to enlarge)
Click to Enlarge Name: suite_7.png Size: 60 KB
  • #68,840
  • May 4, 2016 6:12am May 4, 2016 6:12am
Quoting pete.alfa
{quote} Hi Emmanuel & Virus experts, I ran Virustotal on suite v7 there were about 6viruses in the software. I don't know whether it's safe or not? Best regards, {image}

you must have downloaded the complete suite v7 from elsewhere.
the pipware-chart.ex4 which I provided the link did not have any virus detected.
http://www.forexfactory.com/showthre...17#post8202817
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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