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Trading Made Simple

  • #72,461
  • Oct 20, 2016 6:20am Oct 20, 2016 6:20am
I am new to this method, but after 2 days reading and found it is very reliable than the method what I used before. thanks Big E and other people who share their ideas and knowledge.

This is my entry for UCAD, is it a good entry, any comment, please. thanks . The thing concern me is the TDI red line is too flat, is it?
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  • #72,462
  • Oct 20, 2016 6:26am Oct 20, 2016 6:26am
Quoting emmanuel7788
{quote} Hi, Big E got more aggressive in his reversal entry and not waiting for the setup candle to close above/below the 5EMA. You will notice that some of his aggressive entry is when the APB#1 has not close and he look at one time lower to see the PA. Most of his trade entries is APB#2 which also before the APB#2 close above / below the 5EMA. I find this aggressive entry style too risky for many newbies and when the newbies do not have the experience in reading Price Action and Support/Resistance for reversals. Newbies should follow the conservative...
Hey Emm, what is your opinion on AUDJPY, I made a entry after the bullish outside bar about 5/6 candles back, would this have been a good entry if there was no news that followed, I'm getting confused by people's analysis of the pair, just wanted to know what you think.

Reasons for entry were PA continuing to make HH and HL, convergence on TDI, and cross on TDI
  • #72,463
  • Oct 20, 2016 7:05am Oct 20, 2016 7:05am
Quote
Don't let them fool ya
Or even try to school ya, oh, no
We've got a mind of our own
So go to hell if what you're thinking is not right
Love would never leave us alone
A-yin the darkness there must come out to light Bob Marley

wait'n 4 the candle close is mega important bro's <- no really important ....... hey im just using the indi's from page 1 ........ seems 2 be working ok ......... ive tried all the TDI's but its always the same results ...... i even tried Cutler's RSI instead but it was still the same .......
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  • #72,464
  • Oct 20, 2016 7:19am Oct 20, 2016 7:19am
Quote
wait'n 4 the candle close is mega important bro's <- no really important ....... hey im just using the indi's from page 1 ........ seems 2 be working ok ......... ive tried all the TDI's but its always the same results ...... i even tried Cutler's RSI instead but it was still the same .......
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i mate i am follow u.pls pls share ur trading s.shot daily and advice give our..................
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  • #72,465
  • Oct 20, 2016 7:23am Oct 20, 2016 7:23am
Quoting Tekkies
{quote} You must see / look if it is a red announcement. BigE said news has little effect on the 4 hour chart post#11
"I don't pay much attention to news when trading the 4 hr or Daily charts. On the 5 & 15m charts it can kill you however." Big E

....... i just make sure not entering just before the news & IMO if its big red news like FOMC etc i dont enter new trade around that time.........

"I don't enter trades just before news." Big E
  • #72,466
  • Oct 20, 2016 7:30am Oct 20, 2016 7:30am
Quoting saranga
{quote} i mate i am follow u.pls pls share ur trading s.shot daily and advice give our.................. {image}
WOW!!!! excellent trading buddy ........ keep going ....... keep work'n hard & practice practice practice <- ur skill is ur edge
  • #72,467
  • Oct 20, 2016 7:32am Oct 20, 2016 7:32am
Quote
WOW!!!! excellent trading buddy ........ keep going ....... keep work'n hard & practice practice practice <- ur skill is ur edge
thank sir
  • #72,468
  • Oct 20, 2016 8:10am Oct 20, 2016 8:10am
Quoting emmanuel7788
{quote} Hi mlperlas, Looks like to me that you trade by picking the top which is often dangerous thing to do. Where do you place your initial stop loss when you pick the top? With some trading experience, it should not be too difficult to learn how to trade with TMS 5-Method. Read Post#261 and Post#647, once you fully understood these two posts, you can write your own trading rules and you can...
Hi Emm, not sure I understand why picking the top is dangerous when TDI, Stochs etc meets the basic BigE criteria. Is it because its near the previous High or previous Low?
  • #72,469
  • Oct 20, 2016 9:05am Oct 20, 2016 9:05am
what we are using???

EMA 5
PERIOD 5 SHIFT 2
MA METHOD: SIMPLE
APPLY TO: TYPICAL PRICE (HLC/3)

OR

SHIFT 3???

THANKS....
  • #72,470
  • Oct 20, 2016 9:51am Oct 20, 2016 9:51am
Quoting victorpr
what we are using??? EMA 5 PERIOD 5 SHIFT 2 MA METHOD: SIMPLE APPLY TO: TYPICAL PRICE (HLC/3) OR SHIFT 3??? THANKS....
read post#749
  • #72,471
  • Oct 20, 2016 12:44pm Oct 20, 2016 12:44pm
Quoting emmanuel7788
{quote} Hi, Big E got more aggressive in his reversal entry and not waiting for the setup candle to close above/below the 5EMA. You will notice that some of his aggressive entry is when the APB#1 has not close and he look at one time lower to see the PA. Most of his trade entries is APB#2 which also before the APB#2 close above / below the 5EMA. I find this aggressive entry style too risky for many newbies and when the newbies do not have the experience in reading Price Action and Support/Resistance for reversals. Newbies should follow the conservative...
From my limited experience the strong yellow upwards trend would have hold me off to take the short mentioned in your pic.
  • #72,472
  • Oct 20, 2016 4:45pm Oct 20, 2016 4:45pm
Took this 4 hr Chart EUR/USD Trade. With price breaking through key support and price turning down and TDI setup. Gone short and going to try and pull to BE before major news tomorrow (EU Leaders Summit).

All comments welcome traders!
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  • #72,473
  • Oct 20, 2016 6:08pm Oct 20, 2016 6:08pm
Quoting TheRock
{quote} Hey Emm, what is your opinion on AUDJPY, I made a entry after the bullish outside bar about 5/6 candles back, would this have been a good entry if there was no news that followed, I'm getting confused by people's analysis of the pair, just wanted to know what you think. Reasons for entry were PA continuing to make HH and HL, convergence on TDI, and cross on TDI
Hi,

I did not see any H4 buy setup around that time you mention 5/6 candles back.
What I see is that AJ made a swing high on the Oct 18 and that hit BRN 88.00. That swing high is new resistance for this week. So if you bought yesterday, you face that resistance.

Looking at AJ now, it is trading between 79.00 and 88.00.
Monthly looks like it is trading sideways wide range.
Weekly is bullish.
Daily is bullish but very small range. A double top bearish divergence forming on the TDI (not the price). Which can mean price will pull back further from 88.00.

I am looking at 88.50 to be broken longer term target. Look at July high.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,474
  • Oct 20, 2016 6:29pm Oct 20, 2016 6:29pm
Quoting Daniel 777
Took this 4 hr Chart EUR/USD Trade. With price breaking through key support and price turning down and TDI setup. Gone short and going to try and pull to BE before major news tomorrow (EU Leaders Summit). All comments welcome traders! {image}
All the sellers of EU must be happy this month with the Sep MN IB low breakout.
H4 looks like it is in consolidation after yesterday's volatile move. Any break lower will mean we see the June Brexit week low of 1.0910 as target. .. not much room .
But market sentiments as it is now will see a lower weaker Euro in favour of the USD safe haven.

Sell, sell, sell, ... but have your "Stop Loss" in place.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,475
  • Oct 20, 2016 6:29pm Oct 20, 2016 6:29pm
Quoting emmanuel7788
{quote} Hi, I did not see any H4 buy setup around that time you mention 5/6 candles back. What I see is that AJ made a swing high on the Oct 18 and that hit BRN 88.00. That swing high is new resistance for this week. So if you bought yesterday, you face that resistance. Looking at AJ now, it is trading between 79.00 and 88.00. Monthly looks like it is trading sideways wide range. Weekly is bullish. Daily is bullish but very small range. A double top bearish divergence forming on the TDI (not the price). Which can mean price will pull back further...
Emmanuel can you give your assessment of EURNZD? Thanks
  • #72,476
  • Oct 20, 2016 6:34pm Oct 20, 2016 6:34pm
Quoting domaind1
{quote} From my limited experience the strong yellow upwards trend would have hold me off to take the short mentioned in your pic.

Hi,

yes, that is one reason why we should not take that trade setup. there are other reasons.

using the yellow line Market Base Line will keep us our of some trades but that also mean we will have fewer losers.

Exactly what Big E meant when he said use the yellow line on the TDI when it gives us more confidence.

http://www.forexfactory.com/showthre...49#post4666649

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regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,477
  • Oct 20, 2016 6:45pm Oct 20, 2016 6:45pm
Quoting ayour2a
{quote} Emmanuel can you give your assessment of EURNZD? Thanks

Hi,

Sellers on D1 chart this week must have taken some profits and now must be careful with possible correction to the region 1.5300 and 1.5400. on D1 chart. You saw that H1 spike, what does that mean? filling orders, or like 'minefield' being cleared.

H1 traders can have buy opportunity with smaller stops and small target 100pips not more, do not be greedy. Grab and run today.

H4 swing traders stay out of the market since it is Friday.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,478
  • Oct 20, 2016 6:51pm Oct 20, 2016 6:51pm
Quoting victorpr
what we are using??? EMA 5 PERIOD 5 SHIFT 2 MA METHOD: SIMPLE APPLY TO: TYPICAL PRICE (HLC/3) OR SHIFT 3??? THANKS....

It's Exponential not Simple MA
Typical Price, Shift+3

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it will not make a lot of difference if you use Simple MA and Shift+2 because you need to have experience and knowledge in Price Action trading with Support and Resistance. Build your experience using Post#647.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,479
  • Oct 20, 2016 10:42pm Oct 20, 2016 10:42pm
Quoting emmanuel7788
{quote} It's Exponential not Simple MA Typical Price, Shift+3 {image} it will not make a lot of difference if you use Simple MA and Shift+2 because you need to have experience and knowledge in Price Action trading with Support and Resistance. Build your experience using Post#647.
OK THANKS... emmanuel7788
  • #72,480
  • Oct 21, 2016 12:02am Oct 21, 2016 12:02am
NZDCAD Week 42 oct 21 H4

another temptation to short this H4? do you really see sellers at this level 0.9500?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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