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Trading Made Simple

  • #69,621
  • Jun 16, 2016 6:40pm Jun 16, 2016 6:40pm
Quoting makron
Had AU loss trade. Entered on SR breakout with trend+BEOB+TDI confirm. Yes, it was WRB, maybe i must beware it {image}
Hello Mate, It's True you Obeyed all the setup rules,
But on this trade the Trendline was the Deal Breaker
IMHO

Regards,
EF
Attached Image (click to enlarge)
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Motivation is what gets you started. Habit is what keeps you going
  • #69,622
  • Jun 16, 2016 7:49pm Jun 16, 2016 7:49pm
Hi Emmanuel

In terms of best practice I am in two minds in regard to chart setup or layout. This week has been an excellent learning curve in regard to Monthly low break as seen on several JPY pairs. Obvious goal is to trade off clean charts with minimal distractions/indicators etc. However weekly BPP analysis of support and resistance paints the picture (if you know what I mean).

When you perform top down analysis (MN, Weekly etc) do you place these charts on separate demo platform, then live trading account on platform 2 or 3?

Example - number of MT4 Platforms:
1: MN/Weekly – analysis charts/bias
2: Daily- analysis and bias
3: H4- entry, PAC, WRB/MC, ME/ME and TP off platform 1
4: H1/M15- quick scalp if WRB/MC forms

P.S. I am aware a number of brokers support Demo account with no expiration date.

Thanks again, I appreciate your ongoing support/feedback and continuous improvement in my trading execution.
  • #69,623
  • Jun 16, 2016 8:47pm Jun 16, 2016 8:47pm
AUDUSD Week 24 June 17 H4 TMS and Synergy Pro setup.

Here is one for discussion.

Post and share what you see and think about this setup.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 24 June 17 the setup.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,624
  • Jun 16, 2016 9:06pm Jun 16, 2016 9:06pm
Quoting emmanuel7788
AUDUSD Week 24 June 17 H4 TMS and Synergy Pro setup. Here is one for discussion. Post and share what you see and think about this setup. {image}
IMHO, the trading range is bit narrow expect big wick which created by news. MBL seems like to stay on middle with narrow VB.
I guess it's sign of consolidation. Also setup candle is still inside of WRB.
  • #69,625
  • Jun 16, 2016 9:58pm Jun 16, 2016 9:58pm
Quoting emmanuel7788
AUDUSD Week 24 June 17 H4 TMS and Synergy Pro setup. Here is one for discussion. Post and share what you see and think about this setup. {image}
Hi Emmanuel, based on AU Weekly (last weeks pin), PA on H4 may pause then reverse ~ upcoming BRN.

I understand divergence is occurring on H4 but overall Wkly takes preference.

Just my thoughts.
  • #69,626
  • Jun 16, 2016 10:15pm Jun 16, 2016 10:15pm
Quoting emmanuel7788
AUDUSD Week 24 June 17 H4 TMS and Synergy Pro setup. Here is one for discussion. Post and share what you see and think about this setup. {image}
This really shows the power of the TDI to give light to what may happen next.
  • #69,627
  • Jun 16, 2016 10:27pm Jun 16, 2016 10:27pm
Quoting emmanuel7788
AUDUSD Week 24 June 17 H4 TMS and Synergy Pro setup. Here is one for discussion. Post and share what you see and think about this setup. {image}
Entry Buy, and put SL at 0.7335

Plane A : Arrive Target 1, cut half position; Arrive Target 2 exit;

Plane B: Observe candle color change or TDI cross down for exit;

Just my thoughts.Pls correct me.
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Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #69,628
  • Edited Jun 17, 2016 3:32am Jun 16, 2016 11:09pm | Edited Jun 17, 2016 3:32am
+20 pips from MC break out or consolation break out on M15 chart
As Emmanuel said, same setup different time frame.
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  • #69,629
  • Jun 17, 2016 12:17am Jun 17, 2016 12:17am
Just went in short on GBP/USD , thinking there would be a reversal.
  • #69,630
  • Jun 17, 2016 3:41am Jun 17, 2016 3:41am
Quoting emmanuel7788
AUDUSD Week 24 June 17 H4 TMS and Synergy Pro setup. Here is one for discussion. Post and share what you see and think about this setup. {image}
Hi Emmanuel
Yesterdays WRB will probably see price range within it creating MC with further consolidation , BRN and previous swing highs forming quite strong resistance, daily chart in sideways range.
Sit on my hands till it breaks with TDI and widening BB to show possible move upwards to 0.75 level.
As its raining (again) and ill be on the computer most of today so will watch for possible lower time frame scalps within yesterdays daily WRB with TDI / 5EMA confirmation for a few pips.
By failing to prepare, you are preparing to fail - Benjamin Franklin
  • #69,631
  • Jun 17, 2016 6:11am Jun 17, 2016 6:11am
Hi guys, sorry if it's been asked before but its been difficult to go through the 3000+ pages
Just wanted to get an idea of the overall efficacy of the trading strategy. Can someone comment what their winning percentage was? also were any significant drawdowns experienced with this method?

Looking to start the learning curve between either this system or the paradox system so just trying to get a better picture

thanks!!!!
  • #69,632
  • Jun 17, 2016 6:29am Jun 17, 2016 6:29am
Quoting emmanuel7788
AUDUSD Week 24 June 17 H4 TMS and Synergy Pro setup. Here is one for discussion. Post and share what you see and think about this setup. {image}
Hi Emmanuel & TMS friends
Yes Downunder is correct
Now we can see the useful of EMAs
10,50,200ema in both H4 & Daily are close together so it's going to be sideway for a while
Possible WRB in daily????
So what we can do now is waiting to confirm WRB for breakout or Range trading
Range Trading follows - Emmanuel previous instruction http://www.forexfactory.com/showthre...32#post8980332

Best regards,
Attached Image (click to enlarge)
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  • #69,633
  • Jun 17, 2016 6:32am Jun 17, 2016 6:32am
Quoting swatfa
Hi guys, sorry if it's been asked before but its been difficult to go through the 3000+ pages Just wanted to get an idea of the overall efficacy of the trading strategy. Can someone comment what their winning percentage was? also were any significant drawdowns experienced with this method? Looking to start the learning curve between either this system or the paradox system so just trying to get a better picture thanks!!!!

How does an average win rate of 55% and expectancy of 2.3 for completed 3000 trades sounds to you?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,634
  • Jun 17, 2016 6:48am Jun 17, 2016 6:48am
Quoting swatfa
Hi guys, sorry if it's been asked before but its been difficult to go through the 3000+ pages Just wanted to get an idea of the overall efficacy of the trading strategy. Can someone comment what their winning percentage was? also were any significant drawdowns experienced with this method? Looking to start the learning curve between either this system or the paradox system so just trying to get a better picture thanks!!!!

you don't have to read through 3,000+ pages and 69,636 posts if you don't want to.

all you need is read only all of eelfranz posts, only 1,485 post to read.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,635
  • Jun 17, 2016 6:58am Jun 17, 2016 6:58am
Quoting emmanuel7788
{quote} you don't have to read through 3,000+ pages and 69,636 posts if you don't want to. all you need is read only all of eelfranz posts, only 1,485 post to read.
thanks emmanuel, i'll most certainly go through all of eelfranz posts once i start learning the system, but before that i just wanted to see what other people who trade his system felt about its effectiveness. Of course every trader would probably achieve a different result but i just wanted to capture the general sentiment of his system.

Thanks for the stats
  • #69,636
  • Jun 17, 2016 6:59am Jun 17, 2016 6:59am
Quoting antonym
{quote} Thank you Sir. "The following day continuation and close in a sell zone. This is the beginning of the market type "Let profits run" phase." Why does the bearish continuation candle on June 3 mark the beginning of a trending market type? The word "sell zone" means a close below the historical swing level? Sorry for my bad english. I am trying to understand this sentence. Thank you.

Hi antonym

Never apologise for bad english. Your written English is very good - correct grammar, correct spelling and vocabulary, perfect use of punctuation, etc. a lot better than my French.

Sorry, I have been lazy today, sleep during the day because I stay up to watch Euro2016 matches. More big games tonight.

I have made a few posts where I explain the buy zone and sell zone. This post may help.

http://www.forexfactory.com/showthre...38#post8782438

Look at D1 chart only look back to the previous 2 to 3 months and see where the previous price action were. WE want to buy /sell where there is empty space, i.e. there must not be any previous month highs / lows in sight.


GBPJPY example below:

Attached Image (click to enlarge)
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regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,637
  • Jun 17, 2016 7:03am Jun 17, 2016 7:03am
Quoting swatfa
Hi guys, sorry if it's been asked before but its been difficult to go through the 3000+ pages Just wanted to get an idea of the overall efficacy of the trading strategy. Can someone comment what their winning percentage was? also were any significant drawdowns experienced with this method? Looking to start the learning curve between either this system or the paradox system so just trying to get a better picture thanks!!!!

I just finished backtesting EUR/USD on H4 for 2011 and its looking good so far.

Attached Image (click to enlarge)
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  • #69,638
  • Jun 17, 2016 7:05am Jun 17, 2016 7:05am
Quoting emmanuel7788
{quote} Hi Pete, I know you were kidding about the Holy grail thing. There is no holy grail. Traders must work hard at what they do. They must remain focus and concentrate on their tasks for trading and not get distracted by forum discussions. You need to separate yourself what what other people talk in forum like FF. A lot of rubbish talk including from me... You want to trade Gold on short term, you better trade it by following what goes on in the daily stock market and follow daily world events closely. Market sentiments has very strong influence...
We have the best coach here & the best strategy forum in FF
Have you received any gift from FF?
Only some newbies don't realize it, they just want quick fast & easy money(as I did before - long story)

If it too much work to trade GOLD I might drop it, just concentrate on forex
My gold at the moment in a loss with 2lots & and +7pips(1 lot) in a basket. Right now I put SL just below 10ema in daily.
My question should I put SL at previuos 2 weeks low to make ME/ME workable?
Because I feel that buyers are very strong after big drop yesterday prices move up again instead of going down, normally it should drop again in the following day

Best regards
Attached Image (click to enlarge)
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  • #69,639
  • Jun 17, 2016 7:12am Jun 17, 2016 7:12am
Emmanuel, one more question. Would you be interested in offering a short mentorship? (price can be discussed by PM if interested)
Im looking to learn this strategy from someone who has shown competence in using it. I can learn better from screen sharing and 1-1.

please let me know. Thanks!
  • #69,640
  • Jun 17, 2016 7:53am Jun 17, 2016 7:53am
Quoting swatfa
{quote} thanks emmanuel, i'll most certainly go through all of eelfranz posts once i start learning the system, but before that i just wanted to see what other people who trade his system felt about its effectiveness. Of course every trader would probably achieve a different result but i just wanted to capture the general sentiment of his system. Thanks for the stats
Hi swatfa & all newbies

Put it this way I am learning & trading forex for 10 yrs now. I don't make much money but I also didn't lose big money even when I first started.

Don't run around searching for system as what I did before (you name it in forexfactory I've been there lol. I even paid for some courses too)
SO DON'T WASTE YOUR TIME
After all - mostly all the systems are quite similar only technically are different(rsi, macd, Atr, Tdi....) . You might not understand what I bla bla bla(said).... at the moment.
The key issue of trading is Knowledge, patient & discipline and etc.....
Once you find a good Mentor you better stick to him. He is the one is going to open your eyes not the systems.
Thank you Emmanuel for teaching us so generously and also Thanks Big E(RIP) who created TMS thread

Best regards,
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