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Trading Made Simple

  • #73,001
  • Nov 3, 2016 1:42am Nov 3, 2016 1:42am
Quoting emmanuel7788
{quote} Hi Oreo, I suggest you open your H1 charts and observe the TDI behaviour in realtime and follow the price action of every H1 candle while it is live moving. The TDI will respond to the price bar Close price if you use the TDI Red Green set to the default setting 13,0,34, 2,0,7,.. Do you know which is the 5-Method setup candle? If you do not wait for the H1 candle to close to confirm the trade setup candle, you must be very good at reading the reversal price action or else you will be taking more risk than it is necessary. Do you really want...
Thanks Emmanuel for the reply.

Im actually am trading the 4H like Big E. just used his chart there as an example. I wanna keep it simple as per Big E's trading way he shared here in my demoing for now and he says he only looks at the chart at the time for a new 4HR candle then trade what he sees and sleep. I wanna try it that way so I wont need to monitor the trade(watch how the TDI reacts real time). would love to do it per 4HR bar close. However sometimes at the new candle open the TDI crosses the first time (in the newly closed bar the TDI hasn't crossed yet) and it confuses me if I enter the trade or wait for the new bar to close the next 4Hr to confirm.

Thanks,
Oreo
  • #73,002
  • Nov 3, 2016 1:53am Nov 3, 2016 1:53am
Quote
why do you want to use the average monthly range?

If you are trading H4, I think the average weekly range would work well to see on your H4 chart the weekly swing low - swing high and use that for target exit planning
nice advice emu thank
  • #73,003
  • Nov 3, 2016 3:54am Nov 3, 2016 3:54am
Quoting emmanuel7788
{quote} You do love morning quickies, don't you? I like those Guppy MA lines on your H1 chart. They are like using the 50EMA and 200EMA when I used to trade H1 and M15. Maybe you can explain how the Guppy moving averages can be of use to those who are still struggling to profitable trading with the 5-Method. This can give them moe confidence to look for trade opportunities and make some real money. Good Trading.
I know your opinion about spoon feeding, so I will refer only to that particular setup. You don't reveal every 'Emm gem', and you want people to do the hard work by themselves and find their own gems. And you are right to do so. They have to read SJ's posts, because he knew a thing or two about the guppies, and he still uses them today.

What is the overall direction on D1? Do the bulls control the market, or the bears? Where is the PA in relation to the guppies? What direction are all the guppies pointing to? Are the guppies in the correct order? Is PA making HHs and HLs, or LLs and LHs? What does it mean when the TDI is in the OB area and the trend is up?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADDaily.png Size: 113 KB

On H4, ask yourself the same questions about the guppies as above.
See those two hammers? The bulls are taking over. Where do the hammers occur, in relation to S/R areas? Where do the hammers occur, in relation to the guppies? The TDI PL is up (I cannot remember if it was crossed at that moment or not-if it was, that was even more confirmation).
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADH4.png Size: 66 KB

Entry on H1, bounce trade.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADH1.png Size: 61 KB
  • #73,004
  • Nov 3, 2016 3:55am Nov 3, 2016 3:55am
Quoting Oreo07
{quote} Thanks Emmanuel for the reply. Im actually am trading the 4H like Big E. just used his chart there as an example. I wanna keep it simple as per Big E's trading way he shared here in my demoing for now and he says he only looks at the chart at the time for a new 4HR candle then trade what he sees and sleep. I wanna try it that way so I wont need to monitor the trade(watch how the TDI reacts real time). would love to do it per 4HR bar close. However sometimes at the new candle open the TDI crosses the first time (in the newly closed bar the...

Its 5 minutes to this current H4 close.
there is no trade opportunity looking at the 8 pairs Big E traded.
EJ is possible but the last candle was a huge one so not a good bounce trade.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor H4 GMT0453.png Size: 19 KB


http://www.forexfactory.com/showthre...68#post8753868
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,005
  • Nov 3, 2016 6:26am Nov 3, 2016 6:26am
Quoting emmanuel7788
{quote}I don't care what the Red line is doing.
What I have posted concerning the angle of the Red Line is not in agreement with BigE's post #1718. Do apologize if I have misled members.

Can only hide behind this post.
#Post 1025: ........................
make it yours... It was designed to be simple... Keep it simple and don't complicate it.
  • #73,006
  • Nov 3, 2016 7:03am Nov 3, 2016 7:03am
Quoting emmanuel7788
{quote} Take note that the London open has been changed this week and the NY open will be changed this Sunday due to winter time DST. Always know your own local time and your broker server time when the H4 candle closes and a new one opens. Also know every market session open and closing hour when you are trading intraday H1 and M15. {image}
Seem the candle did not open a new one when New york market start...
My local time :2100 ( I am in Japan)
MT4 watch : 1400
the previous candles: 1200

So I have to wait for 2 hour for the next candle..
Are there any setting I can change?
  • #73,007
  • Edited 8:45am Nov 3, 2016 8:17am | Edited 8:45am
CADJPY D1 chart.....
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYDaily.png Size: 48 KB


NZDCAD D1 chart.....
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADDaily.png Size: 46 KB


NZDUSD D1.....
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 50 KB
Winners Never Quit, Quitters Never Win
  • #73,008
  • Nov 3, 2016 8:22am Nov 3, 2016 8:22am
Quoting catalin_eros
{quote} Beautiful waterfall!
Hi catalin eors! thanx a lot, learning from your chart as well, keep posting.
regards
Winners Never Quit, Quitters Never Win
  • #73,009
  • Nov 3, 2016 8:26am Nov 3, 2016 8:26am
Quoting cvgreen46
{quote} Nice one ... maybe you should move your stop to BE
Hi cvgreen46! thnx a lot.
Regards
Winners Never Quit, Quitters Never Win
  • #73,010
  • Nov 3, 2016 2:37pm Nov 3, 2016 2:37pm
Quoting emmanuel7788
{quote} You do love morning quickies, don't you?
Mornin' quickie - reloaded: EN, H4.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH4.png Size: 74 KB

I also took GC, it was a win, but it was a mistake. I got helped by the news, and the entry was not according to my rules. So not worth posting.
  • #73,011
  • Edited 6:19pm Nov 3, 2016 6:07pm | Edited 6:19pm
Quoting catalin_eros
{quote} Mornin' quickie - reloaded: EN, H4. {image} I also took GC, it was a win, but it was a mistake. I got helped by the news, and the entry was not according to my rules. So not worth posting.

You make it look simple and easy with Tokyo 5-hour quickies.

My GBPUSD trade following the previous D1 candle close above the 10EMA and added position with TOK_5H. Both trades closed after profit locked and TDI M5 cross down.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 44 D1 trades Nov 3.png Size: 68 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,012
  • Nov 3, 2016 6:24pm Nov 3, 2016 6:24pm
Quoting emmanuel7788
{quote} You make it look simple and easy with Tokyo 5-hour quickies. My GBPUSD trade following the previous D1 candle close above the 10EMA and added position with TOK_5H. Both trades closed after profit locked and TDI M5 cross down. {image}
Your chart actually answers one of the questions I had about the mornin' quickie. It's the reason why I did not take GU this morning. I am trading the method for a very short period of time, so I still have question marks.
  • #73,013
  • Nov 3, 2016 6:25pm Nov 3, 2016 6:25pm
Hello all! Getting back after taking the summer and fall off!

Is there are good EA for MEME trading? I currently use CM for SEME but would like to work MEME into my system.

Thanks!
Successful people do what unsuccessful people are not willing to do
  • #73,014
  • Nov 3, 2016 6:26pm Nov 3, 2016 6:26pm
Quoting emmanuel7788
{quote} You make it look simple and easy with Tokyo 5-hour quickies. My GBPUSD trade following the previous D1 candle close above the 10EMA and added position with TOK_5H. Both trades closed after profit locked and TDI M5 cross down. {image}
Good trade thanks for the chart! Are you using the 10EMA for daily TF? If I recall the 10EMA and 5EMA shift 3 are similar?

Thanks
Successful people do what unsuccessful people are not willing to do
  • #73,015
  • Nov 3, 2016 6:31pm Nov 3, 2016 6:31pm
Taken profits on EG short entries and now re-entered after pullback on both 1hr chart and also taken Daily position on another account
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp hr 4 Nov .JPG Size: 146 KB
  • #73,016
  • Nov 3, 2016 6:31pm Nov 3, 2016 6:31pm
Quoting TampaFX
{quote} Good trade thanks for the chart! Are you using the 10EMA for daily TF? If I recall the 10EMA and 5EMA shift 3 are similar? Thanks

Hi,

I use the 10EMA for my Big Picture Planning to see where the price action is in relation to its 10EMA on every timeframe.

There is very little difference between the 10EMA,Close Price and the 5EMA,Typical price, Shift+3.

The 5EMA,Typical Price, Shift+3 is he coe of the 5-Method.

read : The power of 10EMA Post#8,528 by FF member named tango-1

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,017
  • Nov 3, 2016 6:37pm Nov 3, 2016 6:37pm
Quoting TampaFX
Hello all! Getting back after taking the summer and fall off! Is there are good EA for MEME trading? I currently use CM for SEME but would like to work MEME into my system. Thanks!
Hi,

The THV CaveManager EA trade manager is not able to handle multiple entries trades on the same chart. It also does not use the EAN or magic number.

use the Multi-Purpose Trade Manager MPTM by SteveHopwood.

http://www.forexfactory.com/showthre...80#post7389380

MPTM has many other useful features but it takes time to learn them and have full control of that monster EA trade manager.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,018
  • Nov 3, 2016 6:37pm Nov 3, 2016 6:37pm
Nice gbpusd Trade Emm I hope I don't regret holding my Trade
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd D 4 Nov .JPG Size: 89 KB
  • #73,019
  • Nov 3, 2016 6:39pm Nov 3, 2016 6:39pm
Quoting PackRat22
Taken profits on EG short entries and now re-entered after pullback on both 1hr chart and also taken Daily position on another account {image}

Hi,

Very good trades. and well managed for maximum profits.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,020
  • Nov 3, 2016 6:45pm Nov 3, 2016 6:45pm
Quoting PackRat22
Nice gbpusd Trade Emm I hope I don't regret holding my Trade {image}

about EURUSD, it is critical now as the Weekly is trading around its 10EMA. I had problem yesterday with my stop below the H4 WRB and exited.

But on D1, I see 1.1150 which is also CONFLUENCE with its 200EMA as the next reaction level.
if we see more buying today, then the next BRN 1.1200 is our target.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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