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Trading Made Simple

  • #70,901
  • Aug 24, 2016 6:23pm Aug 24, 2016 6:23pm
Quoting emmanuel7788
{quote} GBPCAD trades update: market now reached 1.7100 which is resistance level All my positions are protected with profits and let them run to final TP 1.7200. {image}

GBPUAD trades update:

My H4 will close in about 90mins and don't expect much liquidity during the Tokyo morning session. So must wait till London open later.
Meantime , just manage my trailing SL .

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Week 34 Aug 25 update1.png Size: 62 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,902
  • Aug 24, 2016 6:25pm Aug 24, 2016 6:25pm
Quoting trade786
{quote} Are those your own marked S&R lines or indicator looks good to have
do you mean the white dash line? its the Day Open Line...

the other lines are manual drawn lines when I make my chart for posting.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,903
  • Aug 24, 2016 8:17pm Aug 24, 2016 8:17pm
Hi Emmanuel,

Notice tomorrow there will be GDP data announced for France and US. Is that kind of important data which we need to close our trade before the announcement? If yes, should we also close the trade based on D1?

muyir
Trade your belief, trade like Emmanuel
  • #70,904
  • Aug 24, 2016 9:45pm Aug 24, 2016 9:45pm
Quoting muyir
Hi Emmanuel, Notice tomorrow there will be GDP data announced for France and US. Is that kind of important data which we need to close our trade before the announcement? If yes, should we also close the trade based on D1? muyir

Hi,

We must not make general rules.
what we should do is look at the individual currency pairs and make our trade decision based as is situations, its volatility of the time frame we trade, whether we have open trades, how much floating profit, etc.
Most of the majors will not be affected byt the market volatility once the direction is clear before the data release when we trade the higher timeframe D1 chart.
With the US GDP data release, I look at USDJPY and see where it is now and the potential of the move.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,905
  • Aug 24, 2016 9:47pm Aug 24, 2016 9:47pm
Today example of M30 trade.

AUDJPY M30, there were no clear 'empty space' in the past 20 candles period. But the TDI was good. The market struggled at previous resistance but the TDI was showing the momentum although it was not very strong.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Aug 25 M30 trade.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,906
  • Aug 24, 2016 10:09pm Aug 24, 2016 10:09pm
Hi Emmanuel,

Where can I download the template that you are currently using.


Thank you in advance


Regards,
  • #70,907
  • Aug 24, 2016 11:28pm Aug 24, 2016 11:28pm
Quoting firsttimer
{quote} thanks for sharing.
...Good Morning from Italy
  • #70,908
  • Aug 24, 2016 11:58pm Aug 24, 2016 11:58pm
Quoting matrocker
Hi Emmanuel, Where can I download the template that you are currently using. Thank you in advance Regards,

Hi,

The indicators I use are found in these posts:

Synergy APB / HeikenAshi_DM : : Post#28,535
Day Open Line post#43,380
BN Levels : Post#22,389 (also read post#49,341)


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

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

After you have downloaded and copied these indicators in your MT4 installed folder MQL4/Indicators/...
you can apply them to your chart and saved that as your TMS 5-Method template.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,909
  • Aug 25, 2016 12:01am Aug 25, 2016 12:01am
Quoting imdisaait
{quote} Hi Orest! Your trades are very impressive and your charts are very neat and properly details for me to understand why you took the trade. It is very nice TRADEs & WINs! I would follow you closely! Well done GOOD LUCK! imdi
I am honored by your words. And when you want you can ask me anything. I will be at your disposal
  • #70,910
  • Aug 25, 2016 12:04am Aug 25, 2016 12:04am
GBPNZD Aug 25 M30 trade closed at BE.
trade setup was good, there was empty space (20 bars) seen to the left of the setup price action. TDI Green below Red, below Yellow.
came back to my PC just in time to close trade at breakeven.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Aug 25 M30 trade closed BE.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,911
  • Aug 25, 2016 1:24am Aug 25, 2016 1:24am
Hi Emmanuel7788,


Reference your post no 70908. I have a small suggestion to make. Everytime a person comes to this thread, he or she keeps asking the same questions about the latest indicators used . And without any hesitation, you keep guiding them thanklessly. I suggest you to post the latest indicators in the first page post, so that any new person who comes across this thread the first time is able to get the latest without having to resort to your help for the same everytime.

This is just a suggestion, and if it is feasible, you may think over this.

Thanks.
  • #70,912
  • Aug 25, 2016 1:34am Aug 25, 2016 1:34am
Quoting orestebufalo
{quote} I am honored by your words. And when you want you can ask me anything. I will be at your disposal

Hi Orest!

Thx for reply.
1. Can you pls tell me before open a trade what you do/look/consider in step wise? and how you open the trade?

2. How do you consider values in ADR v2 to take decision?

3. What is the indicator you use to draw daily and weekly resistance and support line? can you upload it?

thanks in advance
regards
imdi
  • #70,913
  • Aug 25, 2016 1:58am Aug 25, 2016 1:58am
Quoting emmanuel7788
{quote} do you mean the white dash line? its the Day Open Line... the other lines are manual drawn lines when I make my chart for posting.
Thanx can you give me a big pic planning on GBPAUD
  • #70,914
  • Aug 25, 2016 1:59am Aug 25, 2016 1:59am
Quoting DemandSupply
Hi Emmanuel7788, Reference your post no 70908. I have a small suggestion to make. Everytime a person comes to this thread, he or she keeps asking the same questions about the latest indicators used . And without any hesitation, you keep guiding them thanklessly. I suggest you to post the latest indicators in the first page post, so that any new person who comes across this thread the first time is able to get the latest without having to resort to your help for the same everytime. This is just a suggestion, and if it is feasible, you may think over...
I might be wrong but I think it is only the original thread starter that can add to the first post and as eelfranz passed away a few years ago that would not be possible.
Success means going from failure to failure without loss of enthusiasm
  • #70,915
  • Aug 25, 2016 2:45am Aug 25, 2016 2:45am
EURAUD Aug 25 London open candle:

Do you want to buy when this H1 close as setup candle?

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Aug 25 H1 LO candle.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,916
  • Edited 4:14am Aug 25, 2016 2:51am | Edited 4:14am
Quoting emmanuel7788
EURAUD Aug 25 London open candle: Do you want to buy when this H1 close as setup candle? {image}
I would only buy if 2nd Blue APB candle close above near resistance or price break above resistance in attached image.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 53 KB
  • #70,917
  • Aug 25, 2016 5:44am Aug 25, 2016 5:44am
Quoting emmanuel7788
EURAUD Aug 25 London open candle: Do you want to buy when this H1 close as setup candle? {image}
Would look to wait for sell as buying into previous support.
  • #70,918
  • Aug 25, 2016 6:34am Aug 25, 2016 6:34am
Quoting manoj_3986
{quote} I would only buy if 2nd Blue APB candle close above near resistance or price break above resistance in attached image. {image}
.

Quoting bluemosaic
{quote} Would look to wait for sell as buying into previous support.
Looking at the big picture, last week was a very bullish close. So this week I am looking for a buy setup either on H4 and H1. But the Monday and Tuesday went into narrow range sideways and there were no valid setups during the London session. Yesterday was a very bearish day with nice sell setup.
Today is the only day with a good setup during the London session with the LO candle is the direction following the weekly candle bias.
The resistance and BRN 1.4800 was tested after last night London session closed and this morning Tokyo session which were low liquidity periods.
Today setup when LO was nice enough to take some risk with the setup.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Aug 25 H1 trade closed BE 2nd.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,919
  • Aug 25, 2016 6:49am Aug 25, 2016 6:49am
Quoting emmanuel7788
{quote} GBPUAD trades update: My H4 will close in about 90mins and don't expect much liquidity during the Tokyo morning session. So must wait till London open later. Meantime , just manage my trailing SL . {image}

GBPAUD trades closed. Today retracement seen in H4 candles keep making lower high, lower low so I close all trade manually.
Overall still profitable 4H swing trades for this week.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Week 34 trades closed Aug 25.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,920
  • Aug 25, 2016 6:50am Aug 25, 2016 6:50am
Quoting emmanuel7788
{quote} . {quote} Looking at the big picture, last week was a very bullish close. So this week I am looking for a buy setup either on H4 and H1. But the Monday and Tuesday went into narrow range sideways and there were no valid setups during the London session. Yesterday was a very bearish day with nice sell setup. Today is the only day with a good setup during the London session with the LO candle is the direction following the weekly candle bias. The resistance and BRN 1.4800 was tested after last night London session closed and this morning Tokyo...
Great info - thanks
Some days I just get the feeling I will never get the hang of this :-|
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