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Trading Made Simple

  • #70,521
  • Aug 4, 2016 6:26am Aug 4, 2016 6:26am
Quoting emmanuel7788
{quote} 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. {image}
yes. WA is GMT+8.
Really a pity I have not add this pair yet ... and now see pips gone from me
Trade your belief, trade like Emmanuel
  • #70,522
  • Aug 4, 2016 6:48am Aug 4, 2016 6:48am
Quoting emmanuel7788
{quote} GBPNZD trades closed. Added one more position when price retraced. 2 trades closed +138pips, +106pips {image}
Is your trade closed before BoE announcement? to avoid the news.
Trade your belief, trade like Emmanuel
  • #70,523
  • Aug 4, 2016 7:07am Aug 4, 2016 7:07am
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,...
Thanks emanuel.
Here as I put the TDI-RT configuration.
So this is correct?
So I was confused, because I've seen his other configuration screens, from you attached.
thanks again
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TDI REAL TIME SETTINGS.png Size: 219 KB
Click to Enlarge Name: AUDUSD Jul 21 H1 setup TRADE MADE IN SIMPLE.png Size: 34 KB
  • #70,524
  • Aug 4, 2016 1:32pm Aug 4, 2016 1:32pm
Quoting muyir
{quote} Is your trade closed before BoE announcement? to avoid the news.
That was a H4 trade and the setup appeared 2 hours before the BoE rate announcement.
Always trade with a hard stop loss regardless if you are trading M15, H1, H4 and D1.
For those trading H1 and lower timeframes, it is not recommended to open new trades before news release hour unless you have many years of trading experience otherwise it will be plain foolish thing to do.

Big E did trade without stop loss but only when he was monitoring his trades. But this is not recommended that you trade without stop loss. You must have an initial stop loss and use that to calculate your trade position size using % risk. If you trade with fix lot size all the time and trade will small stop loss, you are unlikely to be profitable in long term.

some of big E's old posts to read:
http://www.forexfactory.com/showthre...00#post4109900
http://www.forexfactory.com/showthre...17#post3896717
http://www.forexfactory.com/showthre...11#post4316611
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,525
  • Aug 4, 2016 1:38pm Aug 4, 2016 1:38pm
Quoting fibo38
{quote} Thanks emanuel. Here as I put the TDI-RT configuration. So this is correct? So I was confused, because I've seen his other configuration screens, from you attached. thanks again {image} {image}

The TDI Pro setting you have is correct.

No matter what TDI setting you use, there are more important thing to consider before you take a TDI trade setup.
No. 1 is the Price Action. (Post#647).

and if you are trading H1 intraday like the AUDUSD chart example you attached, you should know which market session your trading and also observe market session closing and new market session opening. This will help you pick only the best setups and avoid those 'fakey' setups.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,526
  • Aug 4, 2016 1:50pm Aug 4, 2016 1:50pm
Quoting emmanuel7788
H4 trades today. AUDCAD {image} AUDUSD {image}
AUDCAD trades closed. 1 win, 1 loss.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Week 31 Aug 4 H4 trades closed.png Size: 28 KB


AUDUSD trades close. 3 wins, 1 trade left open to run till tomorrow.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 31 Aug 4 H4 trade closed 3.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,527
  • Aug 4, 2016 2:01pm Aug 4, 2016 2:01pm
DIVERGENCE bullshit! what I see often ...

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD D1 chart Aug 4 Divergence bullshit.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,528
  • Aug 4, 2016 2:06pm Aug 4, 2016 2:06pm
GBPUSD, GBPJPY, GBPAUD, GBPCAD and GBPNZD

Look at D1 charts. Which pair will you pick to sell tomorrow when Sydney open?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,529
  • Edited 5:42pm Aug 4, 2016 2:35pm | Edited 5:42pm
Quoting emmanuel7788
GBPUSD, GBPJPY, GBPAUD, GBPCAD and GBPNZD Look at D1 charts. Which pair will you pick to sell tomorrow when Sydney open?

GBPCAD
  • #70,530
  • Aug 4, 2016 5:30pm Aug 4, 2016 5:30pm
Hi Emmanuel,

Here are my views. Will try add charts later.
I've been in GN since last week, 26th. Came pretty close to my stops with the pull back earlier this week but sitting really pretty now!

GU - Traded back in range of last couple days. It is at lows of range so can break lower.

GA - I like this one as it broke out from range. But..not that much room to lows of year

GCad - Similar to GU. Less room to lows of year though.

GN - I like this one also and already in it. MM very important as big stops needed. Had some ME/ME positions at 300 pips against me from last week. Had all 5 trades open in basket when it turned around last night. Total risk 2% so never worried.




Quoting emmanuel7788
GBPUSD, GBPJPY, GBPAUD, GBPCAD and GBPNZD Look at D1 charts. Which pair will you pick to sell tomorrow when Sydney open?
  • #70,531
  • Aug 4, 2016 6:11pm Aug 4, 2016 6:11pm
Quoting emmanuel7788
GBPUSD, GBPJPY, GBPAUD, GBPCAD and GBPNZD Look at D1 charts. Which pair will you pick to sell tomorrow when Sydney open?
[highlight=rgba(255, 255, 255, 0)]I think all of these currencies should not to sell in Sydney opened in accordance with the D1 entry, because from the weekly view all these pairs in the WRB, so all these currencies are most suitable for H4 swing trades, the fluctuation range of WRB is not necessarily running from the highest point to the lowest point, from the long-term view of currency trend, should run to 60%-100%, from all these on yesterday's big down, they will be on the line to close out a big line, followed by a new D1 position is not a wise choice, from the point of ATR52, all these money on running this week the basic point has been reached, space is limited, and tonight NFP data will be released, so I think that if in accordance with the D1 approach, the best choice is to the original position H4 All close, leaving only the final one H4 position to the market to allow the market to determine whether it can develop from a H4 position for the D1 position, rather than in the opening of Sydney to establish a new D1 position[/highlight]
  • #70,532
  • Aug 4, 2016 6:42pm Aug 4, 2016 6:42pm
Hi emmanuel7788 do you mind to share the indicator below?



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}
Attached Image (click to enlarge)
Click to Enlarge Name: painel.png Size: 14 KB
  • #70,533
  • Aug 4, 2016 7:17pm Aug 4, 2016 7:17pm
Quoting emmanuel7788
GBPUSD, GBPJPY, GBPAUD, GBPCAD and GBPNZD Look at D1 charts. Which pair will you pick to sell tomorrow when Sydney open?
Morning All

Emmanuel based on my analysis-
GU- D in congestion, BRN just below, Yesterday PA failed to close below BRN, expect pullback during Asia then… At present leave aside.

Monitoring 3 pairs:
GBPJPY- D has room to move to downside, watching H1 when PA pullbacks to BRN 133 for move lower
GBPCAD- overall Weekly & Daily in downtrend, H4 looking for small pullback to BRN 1.71 then watching lower timeframe i.e. H1
GBPNZD- D has room to decline to 1.8083, BRN just above then watching lower timeframes for entry

Enjoy your day.
  • #70,534
  • Aug 4, 2016 9:02pm Aug 4, 2016 9:02pm
Quoting ricromero
Hi emmanuel7788 do you mind to share the indicator below? {quote} {image}
Hi Ricomero- i believe you can download TMS Monitor from TMS post #- 70,093

http://www.forexfactory.com/showthre...or#post9023982

Regards
  • #70,535
  • Aug 4, 2016 11:25pm Aug 4, 2016 11:25pm
Quoting emmanuel7788
{quote} That was a H4 trade and the setup appeared 2 hours before the BoE rate announcement. Always trade with a hard stop loss regardless if you are trading M15, H1, H4 and D1. For those trading H1 and lower timeframes, it is not recommended to open new trades before news release hour unless you have many years of trading experience otherwise it will be plain foolish thing to do. Big E did trade without stop loss but only when he was monitoring his trades. But this is not recommended that you trade without stop loss. You must have an initial stop...
Thanks for explaining whether to trader before the news.

What I wanted to ask is what triggered you to close the GBPNZD trade. I know you entered 2 hours before the news. Just wonder you closed the trade for hitting TP, or like x minutes before the announcement?
Trade your belief, trade like Emmanuel
  • #70,536
  • Aug 5, 2016 12:21am Aug 5, 2016 12:21am
AUDUSD Aug 5:
We have Aug 4 bullish close and also breakout of the Day Inside Bar high as aggressive IB breakout entry. Conservative entry would be to wait for the break of the Mother Bar high with stop loss below the Mother Low.

With bullish AUD, better to look for sell on GBPAUD for short term traders.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 31 D1 chart IB breakout Aug 4.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,537
  • Aug 5, 2016 12:25am Aug 5, 2016 12:25am
Quoting muyir
{quote} Thanks for explaining whether to trader before the news. What I wanted to ask is what triggered you to close the GBPNZD trade. I know you entered 2 hours before the news. Just wonder you closed the trade for hitting TP, or like x minutes before the announcement?
I simply set the Sl and TP at 100pips , set a limit order to catch any retracement should that happen. Not wanting to look at the chart too often. "Set and Forget" type of trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,538
  • Aug 5, 2016 12:58am Aug 5, 2016 12:58am
Quoting rb077msk
{quote} GBPCAD

Quoting bigpips
Hi Emmanuel, Here are my views. Will try add charts later. I've been in GN since last week, 26th. Came pretty close to my stops with the pull back earlier this week but sitting really pretty now! GU - Traded back in range of last couple days. It is at lows of range so can break lower. GA - I like this one as it broke out from range. But..not that much room to lows of year GCad - Similar to GU. Less room to lows of year though. GN - I like this one also and already in it. MM very important as big stops needed. Had some ME/ME positions at 300 pips...
Quoting wheelbarrowe
{quote} I think all of these currencies should not to sell in Sydney opened in accordance with the D1 entry, because from the weekly view all these pairs in the WRB, so all these currencies are most suitable for H4 swing trades, the fluctuation range of WRB is not necessarily running from the highest point to the lowest point, from the long-term view of currency trend, should run to 60%-100%, from all these on yesterday's big down, they will be on the line to close out a big line, followed by a new D1 position is not a wise choice, from the point...

Quoting caah
{quote} Morning All Emmanuel based on my analysis- GU- D in congestion, BRN just below, Yesterday PA failed to close below BRN, expect pullback during Asia then At present leave aside. Monitoring 3 pairs: GBPJPY- D has room to move to downside, watching H1 when PA pullbacks to BRN 133 for move lower GBPCAD- overall Weekly & Daily in downtrend, H4 looking for small pullback to BRN 1.71 then watching lower timeframe i.e. H1 GBPNZD- D has room to decline to 1.8083, BRN just above then watching lower timeframes for entry Enjoy your day.
We all have different view which pair to trade. Yesterday ' market reaction to the rate reduction was bearish.
Question is, are we swing traders or position traders?
If we are short term swing traders, holding trades from 2 to 4 days in any week, then it is better we let this week to close, and loo for 4H swing trades next week.
If we are position traders, holding trades for several weeks, we can start to sell but only using multiple entries / multiple exits. We never know if the market will continue sideways or it may drop further or even reverse.

Today being Friday, we can look for intraday trades in H1 or M15. Maybe we can catch a nice bounce before the continuation.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,539
  • Aug 5, 2016 1:18am Aug 5, 2016 1:18am
Quoting emmanuel7788
AUDUSD Aug 5: We have Aug 4 bullish close and also breakout of the Day Inside Bar high as aggressive IB breakout entry. Conservative entry would be to wait for the break of the Mother Bar high with stop loss below the Mother Low. With bullish AUD, better to look for sell on GBPAUD for short term traders. {image}
I will be interested in how this goes as I look at pivots and I am looking at bearish divergence on the lower timeframes and weekly R2 at 0.7662 both of those would stop me buying yet so it will be interesting.
Success means going from failure to failure without loss of enthusiasm
  • #70,540
  • Aug 5, 2016 1:32am Aug 5, 2016 1:32am
Quoting lisat
{quote}I will be interested in how this goes as I look at pivots and I am looking at bearish divergence on the lower timeframes and weekly R2 at 0.7662 both of those would stop me buying yet so it will be interesting.

there are some many different pivots formulas (Standard, Camarilla, Woodies, Fibonacci, etc.) and also different start-of-day and week to calculate the pivots which will show different pivots, R1, R2, R3 and S1, S2, S3 levels.

which pivot do you use? Daily or Weekly?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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