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Trading Made Simple

  • #70,501
  • Aug 3, 2016 7:32pm Aug 3, 2016 7:32pm
EURCAD Sell ?
Attached Image (click to enlarge)
Click to Enlarge Name: sell.JPG Size: 197 KB
  • #70,502
  • Aug 3, 2016 7:41pm Aug 3, 2016 7:41pm
Quoting leeeta
{quote} Dear Emm Thanks for guidance all this while. I have a question on your entry...When you refer to PASR setup, what do you actually mean? Price above 5Ma and above support on first apb1 or apb 2 with empty spaces with tdi confirming ? Can you share with examples? Thanks. appreciate your guidance. cheers leeeta

Hi leeta,

If you recall this AUDCAD post yesterday,
http://www.forexfactory.com/showthre...82#post9064182

There is resistance seen on the H1 chart posted. I was following this yesterday to see if there would be a break above that resistance. There was another test of the resistance, but not follow through above. Then the move down but I was not planning on any trade against the D1 bias. But that Price Action at Support/Resistance PASR looked okay at that moment, there was resistance above which was tested more than 2 times.
See chart below for the details.
One of the approach to trade H1 intraday is to look at the Asian session range and trade the breakout of thatnarrow range. But always have a big picture view of the overall market, especially when there are news/economic data release affecting that currency pair.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Aug 3 H1 counter trend intraday.png Size: 57 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,503
  • Aug 3, 2016 7:54pm Aug 3, 2016 7:54pm
Quoting emmanuel7788
{quote} Hi leeta, If you recall this AUDCAD post yesterday, http://www.forexfactory.com/showthre...82#post9064182 There is resistance seen on the H1 chart posted. I was following this yesterday to see if there would be a break above that resistance. There was another test of the resistance, but not follow through above. Then the move down but I was not planning on any trade against the D1 bias. But that Price Action at Support/Resistance PASR looked okay at that moment, there was resistance above which was tested more than...
Thanks for the explanation Emm. Highly appreciated.
So in your opinion, the entry bar is the apb#3 at close, correct?

thanks.
  • #70,504
  • Aug 3, 2016 7:59pm Aug 3, 2016 7:59pm
Quoting leeeta
{quote} low liquidity to move price?
Quoting phi1ipp
{quote} Thank you for the example, Emmanuel. But is it not a 1:1 RR for the trade suggested?
Market liquidity is always in question after London session closed. It is often very difficult to gauge whether there are buyers or sellers around the London close hours, one hour before and one hour after. the other market also closes when London closes, hence there is always money flow between.
The second half of the US session until Syndey open is usually rather quiet, so many H1 traders will stay away. You can still scalp in M15 and M5 for some pips.

Looking at that USDCAD H4 setup, the potential R:R may not be 1:2 looking at the nearby support 1.3000 looks very threatening also on D1 chart. So some traders will give that a miss. Others will look at H1 for a better price entry with smaller stop loss, but when they see the Stoch in oversold levels 20, they will not take any trade.

As always there will be lots of reasons not to trade. You have to ask yourself, how confident are you when you see a trade setup? have you done your top down analysis and have a trade plan ready at the beginning of the week? Do you have a Plan A and Plan B in your trade plan? If you have done a trade plan, you will know what to look for and then your trading day will be much simpler and you only need to focus on your tasks as the trader. When you are well prepared and focus, you will have no time for fear and there is no need for greed. Just carry out your trading tasks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,505
  • Aug 3, 2016 8:13pm Aug 3, 2016 8:13pm
Quoting leeeta
{quote} Thanks for the explanation Emm. Highly appreciated. So in your opinion, the entry bar is the apb#3 at close, correct? thanks.
Once we see a new 'trend' after a reversal is confirmed with APB#1 and APB#2, there is little risk to enter on APB#3 , APB#4, and so on... This is what I mean we trade the trend continuation. Look at price momentum, and then jump into the market.
No need to be aggressive to trade the reversal entry using APB#1 and APB#2 unless you are as good as Big E who is an aggressive trader and he knows how to pick only the best setups. Can you trade like Big E? Very few can and many tried and failed.
This is one reason why many traders came to this thread, try to trade like Big E and could not make money. They ran to another thread, another system. They fail again. the cycle goes on and on for many years. I see newbie trader starting in 2012, between 2012 and now, he had traded 4 different systems. Do you really believe that he is profitable and he can made enough profits as supplement income to his full time job? I have my doubts when follow his posts in FF and I know his beliefs about the market.

I like reading books by Dr. Van K. Tharp, here is one of his writing;

Your Beliefs About Trading
You do not trade the markets—no one does. Now that might sound surprising to many of you. But what you really trade are your beliefs about the market. Furthermore, your ability to do so is tempered by your beliefs about yourself.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,506
  • Aug 3, 2016 8:34pm Aug 3, 2016 8:34pm
Quoting emmanuel7788
{quote} US session just open. If you look at the H1 charts of those 8 pairs which Big E used to trade, there are no trade opportunity now. So we look at H4 which will close in 1 hour (GMT1300). Do you see any trade setups? {image} AUDUSD below: do you want to chase the H4 APB#2? Big candle!!! {image}

thank you my friend
please give me theis Indicator : buy strong and sell strong
thank you for your support
  • #70,507
  • Aug 3, 2016 8:39pm Aug 3, 2016 8:39pm
Quoting emmanuel7788
{quote} yes, all data can be displayed in the main price window with customs indicator. there are many such ATR indicator which display the ATR in the main window. question is what ATR data do you want to see on the price window.
Because it has been in the care of the daughter so as not to see the first time you reply, I'm sorry, Emma , I wanted to show in the main window is ATR (52) index, which can convenient for me to see the money on a weekly average fluctuation range, and to my exit provides the basis. I always think that it is the most difficult is the exit point, if the currency of weekly average fluctuation range appear to in the main window, with a big picture plan analysis, combined with support and resistance, this can give out provide a good basis, thank you
  • #70,508
  • Aug 4, 2016 12:40am Aug 4, 2016 12:40am
Hey fellas,

Hope you're all well and trading the TMS successfully. I've been away for the past few months doing trainee trading for an institution but I'm back now and making good trades with the TMS as always!

Just checking-in and posting up the Synergy Pro APB (Average Price Bars) without the in-built PAC (Price Action Channel) here in case you guys want to use the original Big E's single-line "5 MA" but with the newer Synergy Pro APB.

Any issues please let me know!
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 75 KB
Attached Image
Attached File(s)
File Type: mq4 Synergy Pro-indicators-Synergy_Pro_APB-No-Channel.mq4   6 KB | 740 downloads
  • #70,509
  • Aug 4, 2016 1:51am Aug 4, 2016 1:51am
Quoting emmanuel7788
{quote} Hi Jeff, as the core trading method, I use the TDI_RT version but I changed the default settings. and 5EMA set to Typical Price, Shift+3. Stochastics 8,3,3 is optional. I don't use that anymore. for big picture planning BPP and multiple timeframe MTF analysis, I use a 10EMA Close Price on every timeframe to see where the price action is in relation to the 10EMA of that timeframe. Some posts which you should read in case you have not. Download the TDI realtime non-repainting version here: TDI-RT version Post#17,848...
Hi Emanuel,
Thank you for helping so much. I try to learn.
You could put a screenshot of your TDI settings. Thanks.
I have an other question:
In all pairs uses the same configuration of your TDI?
  • #70,510
  • Aug 4, 2016 2:27am Aug 4, 2016 2:27am
Quoting leescofield
Some of people really make big money in Forex but they wouldn't share their way to trade. It's not my trade.But I can see the power of compound. {image}
what is kind of ea？can you post it？
  • #70,511
  • Aug 4, 2016 2:45am Aug 4, 2016 2:45am
Quoting nomatter
{quote} what is kind of ea？can you post it？
if you are thinking of an auto trading robot, don't waste your time.
look at that picture he attached in his post. do you know what the account deposit and margin level to make that kind of money.

The consensus among experienced traders is that commercial bots do not work. Learn to trade... if you are committed and is prepared to make some sacrifices, spend 3 to 5 hours every day for the next 2 to 3 years, you can learn enough to be your own trader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,512
  • Aug 4, 2016 2:47am Aug 4, 2016 2:47am
Quoting fibo38
{quote} Hi Emanuel, Thank you for helping so much. I try to learn. You could put a screenshot of your TDI settings. Thanks. I have an other question: In all pairs uses the same configuration of your TDI?
Synergy_Pro_TDI settings: Post#59,624

Download the TDI realtime non-repainting version here:
TDI-RT version Post#17,848
and change the default settings to of the Synergy_Pro_TDI settings.
Choose your trading styles using the TDI – Scalping, Active and Moderate
Post#24,705, Post#23,486, Post#24,912, Post#51,153, Post#51,299, Post#56,578 Post#57,351, Post#57,394

Use the same TDI version with same setting for all trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,513
  • Aug 4, 2016 2:49am Aug 4, 2016 2:49am
Quoting Dimi.A
Hey fellas, Hope you're all well and trading the TMS successfully. I've been away for the past few months doing trainee trading for an institution but I'm back now and making good trades with the TMS as always! Just checking-in and posting up the Synergy Pro APB (Average Price Bars) without the in-built PAC (Price Action Channel) here in case you guys want to use the original Big E's single-line "5 MA" but with the newer Synergy Pro APB. Any issues please let me know! {image} {image} {file}

Welcome back!

Now we all know where you were and doing while "missing in action" here.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,514
  • Aug 4, 2016 2:51am Aug 4, 2016 2:51am
Quoting emmanuel7788
{quote} Synergy_Pro_TDI settings: Post#59,624 Download the TDI realtime non-repainting version here: TDI-RT version Post#17,848 and change the default settings to of the Synergy_Pro_TDI settings. Choose your trading styles using the TDI Scalping, Active and Moderate Post#24,705, Post#23,486,...
Awesome, you must have a google system in your brain!
Trade your belief, trade like Emmanuel
  • #70,515
  • Aug 4, 2016 3:13am Aug 4, 2016 3:13am
Quoting muyir
{quote} Awesome, you must have a google system in your brain!
BTW, did you say your trade your local time 5pm? If your broker server time is GMT+3, then look at GBPNZD H4 which will close in 40mins.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD week 31 Aug 4 GMT0815.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,516
  • Aug 4, 2016 3:31am Aug 4, 2016 3:31am
Quoting lahcenFX
{quote} thank you my friend please give me theis Indicator : buy strong and sell strong thank you for your support

that is not an indicator.
it is an expert advisor

TMS Monitor by arbinka
Thread link: http://www.forexfactory.com/showthread.php?t=303347
Read this post for proper setup information:
Post#193

Warning!
Do Not trade based on the TMS Monitor Recommendation. The recommendation is not a trade signal.
you must do your own top down analysis and have a trade plan prepared and ready to trade.
that TMS Monitor should only be used to look at the chart conditions of several currency pairs at a glance.
it shows you the HA candles of different timeframes, the TDI slope*** of the last candle and the current candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,517
  • Aug 4, 2016 4:06am Aug 4, 2016 4:06am
GBPNZD wek 31 Aug 4 H4 setup.

We have UK BoE rate annoucement in 2 hours.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Week 31 Aug 4 H4 setup.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,518
  • Aug 4, 2016 4:08am Aug 4, 2016 4:08am
H4 trades today.

AUDCAD

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Week 31 Aug 4 H4 trades week open.png Size: 46 KB


AUDUSD

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 31 Aug 4 H4 trade week open.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,519
  • Aug 4, 2016 6:06am Aug 4, 2016 6:06am
Quoting emmanuel7788
{quote} Once we see a new 'trend' after a reversal is confirmed with APB#1 and APB#2, there is little risk to enter on APB#3 , APB#4, and so on... This is what I mean we trade the trend continuation. Look at price momentum, and then jump into the market. No need to be aggressive to trade the reversal entry using APB#1 and APB#2 unless you are as good as Big E who is an aggressive trader and he knows how to pick only the best setups. Can you trade like Big E? Very few can and many tried and failed. This is one reason why many traders came to this...
Thanks again Emm for your guidance and recommendation.
  • #70,520
  • Aug 4, 2016 6:08am Aug 4, 2016 6:08am
Quoting emmanuel7788
GBPNZD wek 31 Aug 4 H4 setup. We have UK BoE rate annoucement in 2 hours. {image}

GBPNZD trades closed.
Added one more position when price retraced.
2 trades closed +138pips, +106pips

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Week 31 Aug 4 H4 trades closed.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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