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Trading Made Simple

  • #70,681
  • Aug 13, 2016 6:04am Aug 13, 2016 6:04am
Quoting marionetka
Hi Emma. You wrote about Big Picture Plan BPP. It needs to select pairs for week. but how?
Big Picture Planning ; Post#27,200 Post#30,541
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,682
  • Aug 13, 2016 6:09am Aug 13, 2016 6:09am
emmanuel7788, thank you very much! I finally did it!
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  • #70,683
  • Aug 13, 2016 6:27am Aug 13, 2016 6:27am
[Quote = emmanuel7788; 9082081] {quote} lo que la plantilla? cuyo puesto qué se refiere? [/ quote]

Un This
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  • #70,684
  • Aug 13, 2016 6:43am Aug 13, 2016 6:43am
Quoting fibo38
[Quote = emmanuel7788; 9082081] {quote} lo que la plantilla? cuyo puesto qu se refiere? [/ quote] Un This {image}

APB HA Indicators : Post#28,535

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: Post#59,624

Stochastics - use the MT4 standard Stochastic default 5,3,3
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,685
  • Aug 13, 2016 7:00am Aug 13, 2016 7:00am
Quoting emmanuel7788
{quote} Did anyone see how that H4 hit a high of 102.19 and pulled back? that's the D1 10EMA. {image} now we wait for the next target.
Hi Emmanuel,

You mentioned twice here for D1 10EMA. Do you use it as SR? Then since it just touched and returned, it is sign for exit.

I remember TMS uses 5EMA. Why you use 10EMA? Always use a higher TF's 10EMA?

muyir
Trade your belief, trade like Emmanuel
  • #70,686
  • Aug 13, 2016 8:59am Aug 13, 2016 8:59am
How to predict the direction for AU next week?

From the weekly chart, we can see last week broke the MB formed in 19/7. It is a sign for long.

However, the last week is shooting star, which is a reverse sign for short.
Attached Image (click to enlarge)
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Trade your belief, trade like Emmanuel
  • #70,687
  • Aug 13, 2016 11:27am Aug 13, 2016 11:27am
Sorry but the closing price should be lower than the opening price creating a red candle, for me it is not a shooting star formation.

Bye
  • #70,688
  • Aug 13, 2016 12:26pm Aug 13, 2016 12:26pm
Quoting emmanuel7788
{quote} Hi, here is that same TMS Monitor posted few post above. I highlighted 3 pairs, their TDI conditions, you can read them and tell when there is TDI Green cross Red. {image} Also when there is TDI Green bounce off the Red, you will see these in the TMS Monitor dashboard simply by looking at the Curr Slope vs the Prev Slope, and P-TDI vs C-TDI. The way to use this TMS Monitor is help you see all your trading pairs at any time but you must have done your trade plan and know what you are looking for. regards,
Thank you Emmanuel. You are the best teacher one could see in the forums.
Come tomorrow, I'll wake up new
  • #70,689
  • Aug 13, 2016 8:25pm Aug 13, 2016 8:25pm
Quoting giamma23
Sorry but the closing price should be lower than the opening price creating a red candle, for me it is not a shooting star formation. Bye
i referred to strats' PASR theory. It does not care the color of the candle, though red one means a little more bearish.
Trade your belief, trade like Emmanuel
  • #70,690
  • Aug 13, 2016 11:58pm Aug 13, 2016 11:58pm
Hello,
TMS Monitor :

I'm trying to install TMS Monitor however some of text is getting cut when I have 2 windows simultaneously. Anyone can please help?
Also for some of pairs there is no recommendation : Only Text is coming - I guess it's because Market is offline now.
Synergy Pro APB : How to add real price bars in this template?
Thanks,
Attached Image(s) (click to enlarge)
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  • #70,691
  • Aug 14, 2016 3:30am Aug 14, 2016 3:30am
Quoting nijemho
I believe that EURUSD will make a huge drop next week. what do yo guys think?
I don't know technically, but fundamentally Kathy Lien said:

While the dollar took a hit this week we believe that a recovery is ahead. The recent increase in wage growth and decline in gas prices should bolster consumer consumption in August. At the end of the day, there is nothing more influential to the direction of currencies than interest rates and we saw that very clearly this past week as the dollar traded higher against all of the major currencies after the Reserve Bank of New Zealand moved to lower interest rates. The economic slowdown and easier monetary policies abroad has made the greenback shine in comparison and that’s something investors won’t forget in the coming week.

Does this help?
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #70,692
  • Aug 14, 2016 4:01am Aug 14, 2016 4:01am
Quoting heispark
{quote} I don't know technically, but fundamentally Kathy Lien said: While the dollar took a hit this week we believe that a recovery is ahead. The recent increase in wage growth and decline in gas prices should bolster consumer consumption in August. At the end of the day, there is nothing more influential to the direction of currencies than interest rates and we saw that very clearly this past week as the dollar traded higher against all of the major currencies after the Reserve Bank of New Zealand moved to lower interest rates. The economic slowdown...

.

when we want to keep it simple, ... use more common sense and intelligent approach.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,693
  • Aug 14, 2016 6:04am Aug 14, 2016 6:04am
Quoting muyir
{quote} Hi Emmanuel, You mentioned twice here for D1 10EMA. Do you use it as SR? Then since it just touched and returned, it is sign for exit. I remember TMS uses 5EMA. Why you use 10EMA? Always use a higher TF's 10EMA? muyir
Hi,

that's correct - TMS 5-Method uses the 5EMA, Typical Price, Shift+3 as the direction of the price action.
The setup candle is the candle which closes above the 5EMA for buy and the opposite for sell when the candle closes below the 5EMA, both setup candle must be confirm with the TDI cross up for buy or down for sell.

The 10EMA is what I use in my Big Picture Planning to see where the market is trading in relation to the 10EMA in the Monthly, Weekly and Daily timeframes.
Different traders use different EMA periods, some use the 20EMA, 50EMA, 100EMA and 200EMA.
I keep it simple, just one 10EMA in all timeframes.
On the trading chart timeframe it is the 5EMA, Typical Price,Shift+3. There is very little difference between this 5EMA and 10EMA. Price Action is more important.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,694
  • Aug 14, 2016 6:07am Aug 14, 2016 6:07am
Quoting mahavir
Hello, TMS Monitor : I'm trying to install TMS Monitor however some of text is getting cut when I have 2 windows simultaneously. Anyone can please help? Also for some of pairs there is no recommendation : Only Text is coming - I guess it's because Market is offline now. Synergy Pro APB : How to add real price bars in this template? Thanks, {image} {image}

Read that TMS Monitor thread.
http://www.forexfactory.com/showthread.php?t=303347

Every question/ problem had been asked and answered by the OP and others.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,695
  • Aug 14, 2016 6:13am Aug 14, 2016 6:13am
Quoting muyir
How to predict the direction for AU next week? From the weekly chart, we can see last week broke the MB formed in 19/7. It is a sign for long. However, the last week is shooting star, which is a reverse sign for short. {image}

I know that you know we do not predict the market.

That shooting star pattern is bearish, but is there another pattern which also support a bearish view for next week trading?

I wait for NY open on Sunday, then look at the price gap. Monday is usually not the best day to start a new basket of trades. But seeing how last Friday closed, there is high probability for some selling follow through on Monday.
The D1 chart looks rather bearish when Friday closed - there is greed, so beware of stop hunt.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,696
  • Aug 14, 2016 8:54am Aug 14, 2016 8:54am
Define simple.
In the context of this thread.
Thank you.
Green pips to all.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #70,697
  • Aug 14, 2016 3:48pm Aug 14, 2016 3:48pm
This is my BigPic analyses for AUDUSD. Any comments? any one disagrees?
Of corse lot depends on RBA minutes and FOMC minutes of this week...
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  • #70,698
  • Aug 14, 2016 6:46pm Aug 14, 2016 6:46pm
Quoting Rims
This is my BigPic analyses for AUDUSD. Any comments? any one disagrees? Of corse lot depends on RBA minutes and FOMC minutes of this week... {image} {image} {image}
Thanks Rims.

That would be one likely scenario for H4 this week for a Plan A.
Plan B is something we need to be prepared with.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,699
  • Aug 14, 2016 6:48pm Aug 14, 2016 6:48pm
We have Japan GDP in few minutes.
this will impact USDJPY, AUDJPY and will drag AUDUSD along. let that settle down before taking any H1 trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,700
  • Aug 14, 2016 11:55pm Aug 14, 2016 11:55pm
Quoting emmanuel7788
{quote} I know that you know we do not predict the market. That shooting star pattern is bearish, but is there another pattern which also support a bearish view for next week trading? I wait for NY open on Sunday, then look at the price gap. Monday is usually not the best day to start a new basket of trades. But seeing how last Friday closed, there is high probability for some selling follow through on Monday. The D1 chart looks rather bearish when Friday closed - there is greed, so beware of stop hunt.
Thanks Emmanuel as always. Should not use the wording like predict. More likely to say what is the direction of new week's trading focus
Wait to see what happens today.
Trade your belief, trade like Emmanuel
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