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Trading Made Simple

  • #69,141
  • May 21, 2016 11:07pm May 21, 2016 11:07pm
Quoting tibovwh
Hi folks, Been a while.. I hope everyone is still doing well. Kind of busy with work but still trying to glance at my charts a few times a day and take trades on the D1 TF. I have a great last two weeks with ME/ME. I will try to keep this up (clearly this is unsustainable) and post regular summaries. {image} 6% since 11/05 {image} {image} {image} Currently some DD on GU but SL will move to below Friday when market opens Sunday. Good weekend all,
Slowly but surely you will get there to top among the super traders I know.
Give yourself more time, I think 2 years will be a good time duration to learn and master a proven money management strategy and to trade like investors.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,142
  • May 22, 2016 12:10am May 22, 2016 12:10am
Quoting BridgeWater
{quote} Hi Emm, you are right, this is very good example for post #647. Thank you for remind me about previous week close and low, previous days day open, 200EMA and also BRN 1.1300. I have question about WRB, if there is big candle but its pullback candle, and have small body, can we call it WRB? i got example on picture below: {image} {image}

Hi,

I simply look at WRB using the price bar high-low and not the Open and Close (body) Most often the big candles are caused by market reaction to news and the market fill the orders at extreme price levels. But when you look at the higher timeframe, the direction usually do not change. Therefore, trading the higher timeframe for e.g the Day chart is much less affected by big candles movements seen in H4 and H1.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,143
  • May 22, 2016 4:43am May 22, 2016 4:43am
long time ago...
Attached Image (click to enlarge)
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  • #69,144
  • May 22, 2016 5:51am May 22, 2016 5:51am
Hey, just wanted everyone's opinion on USDCAD, My analysis is telling me BULLISH bias for the upcoming week.
  • #69,145
  • May 22, 2016 6:25am May 22, 2016 6:25am
Quoting TheRock
Hey, just wanted everyone's opinion on USDCAD, My analysis is telling me BULLISH bias for the upcoming week.

see this post:
http://www.forexfactory.com/showthre...38#post8935038

last week close with some reaction to recent resistance.
but target level 2 is still good for position traders.
next week we have BOC rate announcement on Wednesday 25 May so we expect some volatility to fill orders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,146
  • May 22, 2016 6:26am May 22, 2016 6:26am
Quoting mabooz
long time ago... {image}

that is only few years ago very recent cannot be many years....right?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,147
  • May 22, 2016 6:30am May 22, 2016 6:30am
TMS ME/ME trades closed May 20 (11 weeks from Mar 3 to May 20)

Attached Image (click to enlarge)
Click to Enlarge Name: TMS MEME trades closed Week 09 to 20 ( Mar 3 to May 19).png Size: 68 KB


Previous week's results:
http://www.forexfactory.com/showthre...73#post8927373
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,148
  • May 22, 2016 7:14am May 22, 2016 7:14am
Gents thanks to all for this thread especially the originator eelfenar. It's useful and I love useful things
The thread +3000 page and still I'm trying to at least view most important comments.

I need to open around 10 charts with TDI indicators below them in one page so is there any way to do that, any one have tpl for this ?
Appreciating your supports
Br fot all ...

Abdarwish
  • #69,149
  • May 22, 2016 4:27pm May 22, 2016 4:27pm
Quoting emmanuel7788
{quote} market went sideways after last Thursday' May 12 Day candle. Nothing early this week suggest a bullish reversal when the market type is sideways in the range of that May 12 WRB. We can possibly trade lower timeframe using that Day WRB high-low as support and resistance. Study the TDI characteritics on the Day chart and you will see how to tell when the market goes sideways after the price action above. In trending market type, there will pause or rest before the next big move. We do not know if the trend will continue or reverses. We wait...
Hi Big Emm,
I took my time duriing weekend to cover many of your posts and try to see what am really missing here... apparently I was riding the bike for the first time without my support wheels on . anyway I got that part solved. Now I see how we don't guess what the market is gonna do we basically wait for the market to decide whatever it wants then we jump in.

I have a question...
Big E was using ADR in the old thread. does anyone have a similar ADR indicator? because he was using a paid version.
if so can you please refer to it?
  • #69,150
  • May 22, 2016 5:14pm May 22, 2016 5:14pm
Also forgot to ask...
I just had my wheels.
can you maybe glance at my 1day - 4hr chart and see if everything looks ok
Also is it normal that BN indicator not showing on daily charts?
Attached Image(s) (click to enlarge)
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  • #69,151
  • May 22, 2016 6:27pm May 22, 2016 6:27pm
Quoting mabooz
Also forgot to ask... I just had my wheels. can you maybe glance at my 1day - 4hr chart and see if everything looks ok Also is it normal that BN indicator not showing on daily charts? {image} {image}
Clean charts will always help you see more of the price action much better.

Note, when the 'trend' is strong, oscillators like the Stochastics and TSI will remain above the 70 levels for long time as the price action continues to rise. We do not assume that when the TDI is above the 68-level then we start looking for sell setups.
On your D1 and H4 charts, the PA can pull back but until we see a reversal in the higher timeframe, we remain on the buyer side.

The BN level has one parameter - "MaxTimeFrame"
which you can change ... to 1440 for D1, 240 for H4 . But for the high range currency pairs the 00 levels are very close when we zoom out.

Attached Image (click to enlarge)
Click to Enlarge Name: BN Level MaxTimeFrame.png Size: 103 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,152
  • May 22, 2016 6:29pm May 22, 2016 6:29pm
Quoting mabooz
{quote} Hi Big Emm, I took my time duriing weekend to cover many of your posts and try to see what am really missing here... apparently I was riding the bike for the first time without my support wheels on . anyway I got that part solved. Now I see how we don't guess what the market is gonna do we basically wait for the market to decide whatever it wants then we jump in. I have a question... Big E was using ADR in the old thread. does anyone have a similar ADR indicator? because he was using a paid version. if so can you please refer to it?...

you don't need the learning wheels and also no pedals...

Attached Image


just make sure at lest one foot or both feet are on the ground.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,153
  • May 22, 2016 6:30pm May 22, 2016 6:30pm
Quoting abdarwish
Gents thanks to all for this thread especially the originator eelfenar. It's useful and I love useful things The thread +3000 page and still I'm trying to at least view most important comments. I need to open around 10 charts with TDI indicators below them in one page so is there any way to do that, any one have tpl for this ? Appreciating your supports Br fot all ... Abdarwish

template in post#25.

to have 10 charts apply same template and save as a new profile.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,154
  • May 22, 2016 11:26pm May 22, 2016 11:26pm
AUD/CAD on daily chart
looks good or?...
hitting lower trend line.... waiting for the price to close above the master candle. ( I had the trade open before the weekend )
Attached Image (click to enlarge)
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  • #69,155
  • May 22, 2016 11:37pm May 22, 2016 11:37pm
Quoting emmanuel7788
{quote} Just begin the weekend and since I have a good internet cnnection, I can catch up with the posts in this thread and also reply the backlog of PMs I got this week. Hi Pete, .. that post#2622 was in Oct 2010 and till today both trading methods 21/233 and 5-Method remains the same because we are trading the trend on the chart timeframe we chose to trade. When we want to trade with multiple entries, we trade the higher timeframe charts like the H4 and D1...
Hey Big Emm,

I am still having some trouble finding a ADR and they way it can used properly for ME/ME. I will keep reading your posts. but if you have a fast track on this please let me know.
and thank you for you last reply I am doing so much better than last week
  • #69,156
  • May 23, 2016 12:14am May 23, 2016 12:14am
Quoting tibovwh
Hi folks, Been a while.. I hope everyone is still doing well. Kind of busy with work but still trying to glance at my charts a few times a day and take trades on the D1 TF. I have a great last two weeks with ME/ME. I will try to keep this up (clearly this is unsustainable) and post regular summaries. {image} 6% since 11/05 {image} {image} {image} Currently some DD on GU but SL will move to below Friday when market opens Sunday. Good weekend all,

This is where I feel very confused about TMS. Are you still going to hold on to GU long position in this case? Under what situation will you stop opening new buy position of GU?


Quoting emmanuel7788
{quote} Slowly but surely you will get there to top among the super traders I know. Give yourself more time, I think 2 years will be a good time duration to learn and master a proven money management strategy and to trade like investors.
Hi Emmannuel,

Would you mind taking a look at my question to tibovwh above?

Thank you.
  • #69,157
  • May 23, 2016 3:47am May 23, 2016 3:47am
I don't normally post my trades. But this one is happening off of the last 4 hr candle and it shows what looks like a perfect setup eh? Look in the left hand corner and you'll see where price is now. We have a round number coming; but I am about to go to breakeven so we'll see what happens. Good luck everyone.

LL
Attached Image (click to enlarge)
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"IN CASH WE TRUST"
  • #69,158
  • May 23, 2016 6:07am May 23, 2016 6:07am
Hi I am trying to find more info on fakeys at the open of sessions, does anyone know more please?
  • #69,159
  • May 23, 2016 6:09am May 23, 2016 6:09am
Quoting antonym
{quote} This is where I feel very confused about TMS. Are you still going to hold on to GU long position in this case? Under what situation will you stop opening new buy position of GU? {quote} Hi Emmannuel, Would you mind taking a look at my question to tibovwh above? Thank you.

beig confused with TMS and with GBPUSD are two different things.
first, you must not be confused with TMS.

GBPUSD is going sideways with the MN 10EMA above the price action.
on Weekly chart, the price action is 'trapped' between the 10EMA and 50EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 21 multi chart view.png Size: 85 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,160
  • May 23, 2016 8:15am May 23, 2016 8:15am
GU is also fighting off a RN but looks like the struggle is over moving down before going up I suppose
Quoting emmanuel7788
{quote} beig confused with TMS and with GBPUSD are two different things. first, you must not be confused with TMS. GBPUSD is going sideways with the MN 10EMA above the price action. on Weekly chart, the price action is 'trapped' between the 10EMA and 50EMA. {image}
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