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  • #70,441
  • Jul 31, 2016 8:56am Jul 31, 2016 8:56am
Hello all,

Pretty quiet in here, the calm before the storm?) big news coming next week, especially for GBP.

I looked at the charts today to make a game plan for next week and see what the new monthly candles might bring. I appreciate any opinions you all might have.

1. For JPY pairs, i see some divergence on H4 ( CadJPY, EURJPY). Although on D1 they look like the Bearish trends are continuing, i will wait a day or two and enter a short if i see good opportunities on H4.

2. GBP pairs... i see something very interesting on the MN chart of GU. See below.
Attached Image (click to enlarge)
Click to Enlarge Name: GU M1.PNG Size: 12 KB


Looks like a nice pinbar.

EURGBP has a similar pinbar forming on the MN chart.

However, i won t enter any trades on GBP until after the news on Thursday.

3. USDCAD - i am still bullish on this pair. We saw a nice break out of the narrowing triangle range, and last week a small correction of that break. Price on H4 has now rretraced down to the 200ema, if i see a nice bullish reversal on H4 i am so in!

4. NZDUSD - i would love to enter a long trade here, however price is approaching the 200 EMA on W1 (aka 800 ema on D1). Strong S&R... looking forward to see if it holds or not. I see on MN chart that we are in between 200ema (Below) and 50 ema (above). I wouldn' t be surprised if this pair starts ranging for some time...

5. GBPAUD and GBPCAD are preparing to continue their bearish trend. However, with the news on Thursday who know what will happen here. Anyways, plenty of time to short after the news.


6. AUDNZD, EURNZD and GBPNZD all have good signals to short (Emmanuel mentioned these pairs quite a while ago, i assume he has patiently been waiting for these pairs to continue their major trend). I especially like EURNZD, the 10, 50 and 200 are perfectly aligning and showing us a nice bearish trend.


That 's it, this is all i find interesting and worth discussing about next week.
What do you guys think?


Stay focused,
Bill
focus, manage risk, rinse, repeat
  • #70,442
  • Edited 11:22am Jul 31, 2016 10:37am | Edited 11:22am
god...i didnt.
i find this thread 2-3 days ago, start reading very slowly.

R.I.P. BIg E...

thanks for let me know, Emmanuel.
i'll start read it from the beginning maybe better than ask a question which i can find in next page.

regards!

Quoting emmanuel7788
{quote} Hi Vascoti. in case you did not know, our thread OP eelfranz aka Big E passed away in Oct 2012 after long illness with heart problems. regards,
  • #70,443
  • Jul 31, 2016 1:06pm Jul 31, 2016 1:06pm
1. From which post can I start to learn from this thread? seems like 3523 pages are too much for me to read whole of it.
2. Where can I get the whole set of most updated indicators?

Thanks before..
  • #70,444
  • Jul 31, 2016 6:41pm Jul 31, 2016 6:41pm
Quoting vascoti
god...i didnt. i find this thread 2-3 days ago, start reading very slowly. R.I.P. BIg E... thanks for let me know, Emmanuel. i'll start read it from the beginning maybe better than ask a question which i can find in next page. regards! {quote}
Quoting Forexmasters
1. From which post can I start to learn from this thread? seems like 3523 pages are too much for me to read whole of it. 2. Where can I get the whole set of most updated indicators? Thanks before..

Hi,

You don't need to read all 3523 pages and 70,443 post, that will take you lot of time.
Just spend time and read all of Big E's posts and you will learn the his trading methods and his trading style.

Follow this recent post link below. There are links to the important posts to read and learn this 5-Method.
If you have 3 to 5 years trading experience, you will pick up this trend following method very easily and you will know why is it named trading Made Simple.

Here is where you can start: post#69,359:

Enjoy!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,445
  • Jul 31, 2016 7:35pm Jul 31, 2016 7:35pm
Quoting emmanuel7788
{quote} Hi Vascoti. in case you did not know, our thread OP eelfranz aka Big E passed away in Oct 2012 after long illness with heart problems. regards,
Sad but his legacy continues to live among us traders.
  • #70,446
  • Jul 31, 2016 11:28pm Jul 31, 2016 11:28pm
I downloaded the Synergy pro file posted by snarlyjack. There's a PDF in that file written by Dean Malone. But BigE has mentioned that the way used TDI is entirely different from the way Dean Malone uses it. So do you think I should not read that PDF?

I should mention that I learned a lot about HA candles etc from reading that PDF. I'm just not sure about the TDI part. I have been trading on a demo account using the instructions given in that PDF and so far the results were very good

Can someone please enlighten me on this?

(I'm attaching the PDF in case you don't remember what it is)
Attached File(s)
File Type: pdf Synergy_Pro_Ebook_v.5.12(USER_GUIDE).pdf   2.8 MB | 739 downloads
  • #70,447
  • Aug 1, 2016 12:04am Aug 1, 2016 12:04am
Quoting emmanuel7788
{quote} Hi, you don't have to use 0.5ADR all the time. But you need to know how many ME trades you want to place with max 2% risk and the depth of the possible retracement. Remember the average number of ME trades is 3.5 should be one factor to maintain. I also use 0.25ADR and reduce the lot size and have up to 9 maximum ME trades on D1 chart trading. But I watch my drawdown very closely and avoid hitting above 5%. More often it is better to cut small losses and look for re-entry and then scale-in later when the trend runs in favour or when there...
Thanks for your reminding sir. Now my total loss on this pair is about 1.5%. I will watch it closely.

"More often it is better to cut small losses and look for re-entry and then scale-in later when the trend runs in favour or when there is breakout." This is a good idea and I am try to do so. Thank you!

regards
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #70,448
  • Aug 1, 2016 1:37am Aug 1, 2016 1:37am
Quoting bill992
Hello all, Pretty quiet in here, the calm before the storm?) big news coming next week, especially for GBP. I looked at the charts today to make a game plan for next week and see what the new monthly candles might bring. I appreciate any opinions you all might have. 1. For JPY pairs, i see some divergence on H4 ( CadJPY, EURJPY). Although on D1 they look like the Bearish trends are continuing, i will wait a day or two and enter a short if i see good opportunities on H4. 2. GBP pairs... i see something very interesting on the MN chart of GU. See...

This week there are several key economic data releases and also rate announcement for AUD and GBP, not forgetting the NFP on Friday.
Expect market volatility when trading intra day this week. This is when most traders will suffer more losses when they trade lower timeframes.

Trade Well and Trade Safe, ... always trade with hard stop loss in your trade plan.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,449
  • Aug 1, 2016 4:08am Aug 1, 2016 4:08am
Quoting emmanuel7788
{quote} This week there are several key economic data releases and also rate announcement for AUD and GBP, not forgetting the NFP on Friday. Expect market volatility when trading intra day this week. This is when most traders will suffer more losses when they trade lower timeframes. Trade Well and Trade Safe, ... always trade with hard stop loss in your trade plan.
Tks for the reminder, my mentor. I will stick to H4/D1 or stay away.
  • #70,450
  • Aug 1, 2016 5:20am Aug 1, 2016 5:20am
today trade.
i make gbjpy +90.7 pips gbpcad +107 pips , gbpnzd -70 pips gbpaud +44 pips gbpusd +42 pips eurjpy +51pips usdcad -15 pips
so total today :+249.7pips
sl :35 pips tp : 35 pips ration R:R 1:1
Attached Image (click to enlarge)
Click to Enlarge Name: today trade.png Size: 118 KB
  • #70,451
  • Aug 1, 2016 11:58am Aug 1, 2016 11:58am
Hi SlownSteaddy,

yes since i"ve read from page one Big E dont use it the Way Dean use it.
and later Emmanuel share me link to important page from Big E...i have the PDF download and only read about all HA Candles rule there.

i trade 31 pairs, live account.
used to be a complex system before, lots of lines etc.
find it simple now. i hope i will able to share my live result here soon.

today i only watch all the charts to make sure the "what if" thing.

regards..

Quoting SlownSteadyy
I downloaded the Synergy pro file posted by snarlyjack. There's a PDF in that file written by Dean Malone. But BigE has mentioned that the way used TDI is entirely different from the way Dean Malone uses it. So do you think I should not read that PDF? I should mention that I learned a lot about HA candles etc from reading that PDF. I'm just not sure about the TDI part. I have been trading on a demo account using the instructions given in that PDF and so far the results were very good Can someone please enlighten me on this? (I'm attaching...
  • #70,452
  • Edited 12:33pm Aug 1, 2016 12:08pm | Edited 12:33pm
Hi Emmanuel,

thank you!
still reading it all until now.

used to have a chart like a circus before, lots of color.
yes it is very simple. i"ve found lots of setup today because i trade 31 pairs.
decide not to trade it to find out how the TDI in H1, it is really works!

this is very awesome. i also download the last update? (synergy_pro ZIP)
and i find better to use the old RED and GREEN TDI. because the pro too smooth for me, cant see the hook there.
EDITED: the latest one bettter? just re-read the page you share to me, "the Synergy_Pro_TDI, an updated version which work in realtime market"
i dont have to change it to Agrresive and normal setting anymore? because theres only one input there for the PRO TDI, only "10"


have a nice day!

Quoting emmanuel7788
{quote} {quote} Hi, You don't need to read all 3523 pages and 70,443 post, that will take you lot of time. Just spend time and read all of Big E's posts and you will learn the his trading methods and his trading style. Follow this recent post link below. There are links to the important posts to read and learn this 5-Method. If you have 3 to 5 years trading experience, you will pick up this trend following method very easily and you will know why is it named trading Made Simple. Here is where you can start: post#69,359:...
  • #70,453
  • Aug 1, 2016 12:14pm Aug 1, 2016 12:14pm
I trade m30 before.
news has very big impact on m30 chart.

my dad also trade m30, 2 dffrnt live account at the same time for 4 years.
i think he will move to H1 or H4 after reading this thread and take off many of the 'circus' color on his chart.

you guys really helpfull here.
many thanks!

Quoting emmanuel7788
{quote} This week there are several key economic data releases and also rate announcement for AUD and GBP, not forgetting the NFP on Friday. Expect market volatility when trading intra day this week. This is when most traders will suffer more losses when they trade lower timeframes. Trade Well and Trade Safe, ... always trade with hard stop loss in your trade plan.
  • #70,454
  • Aug 1, 2016 6:44pm Aug 1, 2016 6:44pm
Quoting SlownSteadyy
I downloaded the Synergy pro file posted by snarlyjack. There's a PDF in that file written by Dean Malone. But BigE has mentioned that the way used TDI is entirely different from the way Dean Malone uses it. So do you think I should not read that PDF? I should mention that I learned a lot about HA candles etc from reading that PDF. I'm just not sure about the TDI part. I have been trading on a demo account using the instructions given in that PDF and so far the results were very good Can someone please enlighten me on this? (I'm attaching...
Quoting vascoti
Hi SlownSteaddy, yes since i"ve read from page one Big E dont use it the Way Dean use it. and later Emmanuel share me link to important page from Big E...i have the PDF download and only read about all HA Candles rule there. i trade 31 pairs, live account. used to be a complex system before, lots of lines etc. find it simple now. i hope i will able to share my live result here soon. today i only watch all the charts to make sure the "what if" thing. regards.. {quote}

TMS 5-Method and the Synergy trading models are two different 'systems'.
The TDI versions are also different.
Rules for entry and exit are very different.
Big E' trading style is very different from the way how Synergy traders would trade. His money management and high risk exposure is not something I would consider. I don't recommend anyone who trade with his/her hard-earned money to risk 15% top 30% per trade.

TMS 5-Method requires knowledge and experience in trading price action and the use of support and resistance what Big E described as basic forex stuff (post#647). He had 6,000 trading hours experience by the time he developed the 5-Method.

IMHO, the synergy trading model is simpler for the less experienced and new traders to learn. They can be profitable when they have gained enough market experience and have the discipline in following the trading rules.

The Synergy trading model is a commercial system and that evolved over several years and now the Synergy_Pro version is available as a commercial system.

We do not discuss the Synergy trading model in this thread as it is a commercial system.

Please let's keep our sharing and discussions on the original TMS 5-Method.
We can share and discuss our experience and how we trade using Price Action,
We can share and discuss how identify the Support and Resistance on our charts,
We can share and discuss our top down analysis, Big Picture Plan, trading business plan, trade plan, etc.
We can share and discuss Money management Strategies and related topics on risk management, trade exit strategies to mitigate risks, etc.
We can share and discuss trading psychology topics, e.g. how you manage your trading psychology while you trade, emotion management, etc.

Good Trading Folks,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,455
  • Aug 1, 2016 6:53pm Aug 1, 2016 6:53pm
RBA rate announcement today in about 4 hours.
So watchout the AUDUSD and AUDJPY pairs in particular.
On the D1 chart, AJ is interesting as it is trading within the high-low range of that Brexit candle Jun 24. Weekly looks like it is sell ahead of the RBA.

What is your view?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,456
  • Edited 8:13pm Aug 1, 2016 7:31pm | Edited 8:13pm
Quoting Bluesky8635
{quote} Thanks for your reminding sir. Now my total loss on this pair is about 1.5%. I will watch it closely. "More often it is better to cut small losses and look for re-entry and then scale-in later when the trend runs in favour or when there is breakout." This is a good idea and I am try to do so. Thank you! regards
Hi,

Floating loss of 1.5% is not unusual when we trade the higher TF chart and when there correction / retracement.
Like what Big E mentioned, he did not like to trade the D1 chart because the pullback can be 100 to 150 pips. Can you imagine what the DD would be like if you risk 15% to 30% of your account deposit in one single entry with TDI cross?

Did you close your 3 trades? or
Did you add another ME trade yesterday which is within your trade plan?
If you did, then there is possibility to close with breakeven or small loss.

I managed to open one add-on ME yesterday and now I have the opportunity to breakeven my 4 ME trades.

regards,

Edit: add USDCAD below...

will wait and see if I can breakeven 3 of the earlier open trades and protect the 4th trade open yesterday.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD ME trade week 30 and 31 Aug 2.png Size: 93 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,457
  • Aug 1, 2016 10:07pm Aug 1, 2016 10:07pm
Quoting vascoti
Hi SlownSteaddy, yes since i"ve read from page one Big E dont use it the Way Dean use it. and later Emmanuel share me link to important page from Big E...i have the PDF download and only read about all HA Candles rule there. i trade 31 pairs, live account. used to be a complex system before, lots of lines etc. find it simple now. i hope i will able to share my live result here soon. today i only watch all the charts to make sure the "what if" thing. regards.. {quote}
Thanks for the reply vascoti
  • #70,458
  • Aug 1, 2016 10:08pm Aug 1, 2016 10:08pm
Quoting emmanuel7788
{quote} {quote} TMS 5-Method and the Synergy trading models are two different 'systems'. The TDI versions are also different. Rules for entry and exit are very different. Big E' trading style is very different from the way how Synergy traders would trade. His money management and high risk exposure is not something I would consider. I don't recommend anyone who trade with his/her hard-earned money to risk 15% top 30% per trade. TMS 5-Method requires knowledge and experience in trading price action and the use of support and resistance what Big E...
Thanks for the clarification emmanuel I will study and try both systems and stick with the system that matches my trading experience and style
  • #70,459
  • Aug 2, 2016 12:07am Aug 2, 2016 12:07am
AUD rate reduced to 1.5% as forecast.
Did that change the direction of AUDUSD and ADUJPY?

H1/M30/M15 traders got confused , is it up or down? some traders say the oscillators like TDI, RSI, show oversold so they went and buy.

H4 and D1 chart traders stick to what their charts shows with the Price Action and TDI confirmation.


the next question is GBP when the BOE announce it rate on this week. Will it reduced to 0.25%.
Observe closely all the GBPxxx pairs, do you see a direction ahead of that BOE announcement?
On the day before the BOE announcement, there is UK PMI. Pay attention to the market reaction to the PMI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,460
  • Aug 2, 2016 2:38am Aug 2, 2016 2:38am
My first post in FF.

Already spent 1 week reading TMS stuff from page 1. I guess I have known something about the original system developed by Big E, and began to practise in live account, of c, a small account.

It is 10 years after I traded forex last time. Have spent 3 years in forex from 2003, trying Mechanical Trading System developed by myself, while got a failure and lost a fair amount of money.

Still found I have interest to come back to this market. My next step is keeping trading using original TMS method. Meanwhile, I will learn from emmanuel7788 ... oh, bunch of stuff to learn ahead. A busy month I can foresee.

George
Trade your belief, trade like Emmanuel
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