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Trading Made Simple

  • #71,321
  • Sep 18, 2016 11:49am Sep 18, 2016 11:49am
Quoting emmanuel7788
{quote} GBPUSD Week 39 Sep 19 to 23: Looking at last week's bearish down move, we see downward momentum and overall stronger USD. So 'Sell Only' is the higher probability trade direction. Sell only with ME/ME with ADR(100) days 142 pips use 0.25ADR(100) 43 pips as trade order distance. Maximum 5 trades to build up to one full position. Use your risk % to calculate your trade lot size. SL above 1.33437 (week 36 high) ca RN 1.3450. Average weekly range 52-weeks ATR is 346pips. Look at previous price action PPA seen on H4: watch out for PA bounce at...
Hi, Emm!

I took 170+ pips on this baby on D1, manual close at the 100% of 52 W1 ATR.

I will try ME/ME next week on this pair. Any particular reason for using 0,25 ADR instead of 0,5?
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  • #71,322
  • Sep 18, 2016 12:06pm Sep 18, 2016 12:06pm
GBPUSD
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Sad i'm not trying to understand PA
  • #71,323
  • Sep 18, 2016 2:45pm Sep 18, 2016 2:45pm
Quoting emmanuel7788
{quote} GBPUSD Week 39 Sep 19 to 23: Looking at last week's bearish down move, we see downward momentum and overall stronger USD. So 'Sell Only' is the higher probability trade direction. Sell only with ME/ME with ADR(100) days 142 pips use 0.25ADR(100) 43 pips as trade order distance. Maximum 5 trades to build up to one full position. Use your risk % to calculate your trade lot size. SL above 1.33437 (week 36 high) ca RN 1.3450. Average weekly range 52-weeks ATR is 346pips. Look at previous price action PPA seen on H4: watch out for PA bounce at...

Hello Emmanuel , I think you meant '172' pips for ADR(100) instead of '142' .

It's really tempting to trade GBP pairs like GBPUSD, GBPCAD and GBPAUD, however after I've done my BPP, I do think your selection is better, because there is less obtacles, like HPSL, moving average lines..etc on the way down.

Beside, GBPUSD, I also chose to keep my eyes on these pairs :

4H trade plan
AUDUSD (bearsh)
EURGBP (bullish)
EURJPY (bearish)

backup plan:
EURAUD (bearish)
EURUSD (bearish)
USDCAD (bullish)

My goal for this week is focus watching these pairs and find a right timing for the entry and manage max. 5 trades at a time with 2%risk for each.


Happy trading


Steven

p.s. hope you can show your results every week like you used to do to inspire all of us. : )
  • #71,324
  • Sep 18, 2016 7:29pm Sep 18, 2016 7:29pm
Quoting omonisha
GBPUSD {image} {image}
Hi Omonisha, adding a trendline also adds confluence to your trading idea, as price moves up to the supply area, could intersect with the trendline at a similar time.

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  • #71,325
  • Sep 18, 2016 8:33pm Sep 18, 2016 8:33pm
Quoting CptOrlando
{quote} Just watch out for the 4H swing trades on Friday evening, They are not very reliable because people forgot what was happening when monday morning comes around and can possible make new directions, especially if there is news over the weekend. gditmf9, This system is good but you have to make correct entries to reduce drawdown and minimize large retracements against you (especially on 1D charts). You asked about your entry and I gave a response, it does not mean that the trade would not make a profit, after all there is only two directions...

CptOrlando, thank you so much!!
  • #71,326
  • Sep 18, 2016 9:02pm Sep 18, 2016 9:02pm
Is there a one in all pdf for this thread yet?  With guys like big E and Emm's charts and analysis?
Gentlemen always play by the rules, if they can't, they change them.
  • #71,327
  • Sep 18, 2016 9:07pm Sep 18, 2016 9:07pm
Quoting Bsmile44
Is there a one in all pdf for this thread yet? Â With guys like big E and Emm's charts and analysis?
Quoting griffinssoul
{quote} ...... here is also book by Big E & Phx62 [the gr8est TMS traders of all time ] ........ Big E book here http://www.forexfactory.com/showthre...21#post4666121 Phx62 book here http://www.forexfactory.com/showthre...37#post8401137 Learn from every1 - BUT! - follow no 1
This are helping me, Im actually re-reading it, I hope this may help you
  • #71,328
  • Sep 19, 2016 2:31am Sep 19, 2016 2:31am
Quoting AlexoBrawler
{quote} {quote} This are helping me, Im actually re-reading it, I hope this may help you
well done buddy - u must practice - then - practice - then practice some more - over & over until u can do it without tink'n ........ enter trade - trade good? yes take profit - trade bad? yes exit [as shown by Big E] - never hold losing trade - never take profit 2 early without reason ...... simple [simply said but mega not easy to do]
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  • #71,329
  • Sep 19, 2016 3:16am Sep 19, 2016 3:16am
Quoting deankenny21
{quote} Hi Omonisha, adding a trendline also adds confluence to your trading idea, as price moves up to the supply area, could intersect with the trendline at a similar time. {image}
Sure dean thanks for the input. More confluence= More confidence

Cheers
Sad i'm not trying to understand PA
  • #71,330
  • Sep 19, 2016 3:24am Sep 19, 2016 3:24am
Quoting griffinssoul
{quote} well done buddy - u must practice - then - practice - then practice some more - over & over until u can do it without tink'n ........ enter trade - trade good? yes take profit - trade bad? yes exit [as shown by Big E] - never hold losing trade - never take profit 2 early without reason ...... simple [simply said but mega not easy to do] {image}
Master trader great trading buddy excellent spot
Sad i'm not trying to understand PA
  • #71,331
  • Sep 19, 2016 4:15am Sep 19, 2016 4:15am
Big E's rules means u never hold losing trades..... it will bend ur psychology

Quote
.... look at the wick pullback on the big candle !!!!! wow... I'm expecting a short lived trade... next candle is at the bottom of the TDI check mark with another candle pullback... time to exit... last two candle bottoms are about the same... exit, exit, exit ! Look to the left (2 blue boxes) that's what is stopping the downward movement... and the last candle starts up.
Quote
Take time to learn to read your candles and what their trying to shout at you as well as your TDI signals... Big E
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  • #71,332
  • Sep 19, 2016 4:19am Sep 19, 2016 4:19am
Quoting omonisha
{quote} Master trader great trading buddy excellent spot
.....and a noob compared 2 u
  • #71,333
  • Sep 19, 2016 6:44am Sep 19, 2016 6:44am
Hi guys,

I'm from the UK so GMT time. I'm a little confused at what time frames I should be trading. On page 1 Eelfranz said he trades the first three hours of the USA open so will this be from 2pm until 5pm GMT time? Then do I stop trading the USA session until it closes at 10 pm and then go onto the four hour charts when I'll be sleeping?

Quite confused what sessions to trade, if someone could clear it up for Gmt time it would be greatly appreciated.
Thanks, Gniraw.
  • #71,334
  • Sep 19, 2016 8:57am Sep 19, 2016 8:57am
Quoting griffinssoul
Big E's rules means u never hold losing trades..... it will bend ur psychology {quote} {quote} {image}
Hi Griffin
Would you please supply the currency and TF of the charts you post
  • #71,335
  • Sep 19, 2016 9:35am Sep 19, 2016 9:35am
Quoting Gniraw
Hi guys, I'm from the UK so GMT time. I'm a little confused at what time frames I should be trading. On page 1 Eelfranz said he trades the first three hours of the USA open so will this be from 2pm until 5pm GMT time? Then do I stop trading the USA session until it closes at 10 pm and then go onto the four hour charts when I'll be sleeping? Quite confused what sessions to trade, if someone could clear it up for Gmt time it would be greatly appreciated. Thanks, Gniraw.
Those are BigE trading times.
download this pdf - http://www.forexfactory.com/showthread.php?t=291622
You would see at post 11 page 1 BigE "prefer"
Meaning?
What worked for BigE or other traders might not work for you
Make your own time that suits you and your lifestyle and trading style
TDI cross is the heart of the system
Trade the crossover any timeframe any chart with rules applied
  • #71,336
  • Sep 19, 2016 11:55am Sep 19, 2016 11:55am
Thanks Tekkies

Made life a little more simplier I was getting so confused at how important those time frames were to trade in, is big E right about the USA session being a load of crap usually after the first few hours so to stay away from that?
  • #71,337
  • Sep 19, 2016 4:30pm Sep 19, 2016 4:30pm
Quoting AlexoBrawler
{quote} {quote} This are helping me, Im actually re-reading it, I hope this may help you

Thanks Alexo! I will get these digested like a hungry lion.
Gentlemen always play by the rules, if they can't, they change them.
  • #71,338
  • Sep 20, 2016 4:04am Sep 20, 2016 4:04am
can someone tell me about angle? clock set up for short and long 12_2 4_6
I dont understand that which line should be where? can come up with an example
thank you
  • #71,339
  • Sep 20, 2016 5:21am Sep 20, 2016 5:21am
Quoting Bita1.314
can someone tell me about angle? clock set up for short and long 12_2 4_6 I dont understand that which line should be where? can come up with an example thank you
read these posts:

TDI 12-2 and 4-6 clock face angle:
http://www.forexfactory.com/showthre...43#post8688943
http://www.forexfactory.com/showthre...71#post6473471
http://www.forexfactory.com/showthre...12#post6489012
http://www.forexfactory.com/showthre...86#post6707386
http://www.forexfactory.com/showthre...48#post7287048
http://www.forexfactory.com/showthre...63#post8018063
http://www.forexfactory.com/showthre...07#post8968607
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,340
  • Sep 20, 2016 5:28am Sep 20, 2016 5:28am
Quoting catalin_eros
{quote} Hi, Emm! I took 170+ pips on this baby on D1, manual close at the 100% of 52 W1 ATR. I will try ME/ME next week on this pair. Any particular reason for using 0,25 ADR instead of 0,5? {image}

In a strong 'trend' with momentum, the retracement can be shallow.
hence using 0.25ADR will enable position building to full risk with 5 trades entries much better. the average number of trades per position is 3.5 trades.

just check the high of week 36 and the low of week 37, how many pips is that? if the retracement is 50%, how many ME trades can you add to build to full risk? using 0.5ADR and 0.25ADR.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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