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Trading Made Simple

  • #73,061
  • Nov 6, 2016 2:19am Nov 6, 2016 2:19am
HI Emmanuel,

Next Tue is election day. Can you share how your plan to trade before that? Do short term trade, or wait till the election ends?

muyir
Trade your belief, trade like Emmanuel
  • #73,062
  • Nov 6, 2016 2:23am Nov 6, 2016 2:23am
Hello,
I love this method, simple How can I join your group?
Thanks
blueman
  • #73,063
  • Nov 6, 2016 2:53am Nov 6, 2016 2:53am
Quoting emmanuel7788
Here is one example of a H1 trade setup on the Oct 28 London open session posted on the TMS M30 thread. Why that H1 trade setup should avoided? {image}

just my two cents.
Attached Image (click to enlarge)
Click to Enlarge Name: malmal EURAUD H1 trade Oct 28.png Size: 652 KB
Trade with discipline and respect the market...
  • #73,064
  • Nov 6, 2016 3:51am Nov 6, 2016 3:51am
Quoting muyir
HI Emmanuel, Next Tue is election day. Can you share how your plan to trade before that? Do short term trade, or wait till the election ends? muyir

That's simple one.
Expect market volatility but not that extreme like June 26. There is no point speculating what will happen to the USD no matter who wins.
Top priority is to preserve trading capital. Take what the market gave you and walk away.

Those who long EURCAD, GBPCAD, AUDCAD and NZDCAD ... take profits and stay away. Those who long CAD thinking it will strengthen should do the smart thing 'cut losses'. If you have a gambling habit and addiction, take it as another lesson learned.

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,065
  • Nov 6, 2016 3:54am Nov 6, 2016 3:54am
Quoting emmanuel7788
Here is one example of a H1 trade setup on the Oct 28 London open session posted on the TMS M30 thread. Why that H1 trade setup should avoided? {image}
The HA is resting on support so wait for next candle to confirm breakout or reversal.
Play the hand you were dealt.
  • #73,066
  • Nov 6, 2016 4:03am Nov 6, 2016 4:03am
Quoting emmanuel7788
{quote} That's simple one. Expect market volatility but not that extreme like June 26. There is no point speculating what will happen to the USD no matter who wins. Top priority is to preserve trading capital. Take what the market gave you and walk away. Those who long EURCAD, GBPCAD, AUDCAD and NZDCAD ... take profits and stay away. Those who long CAD thinking it will strengthen should do the smart thing 'cut losses'. If you have a gambling habit and addiction, take it as another lesson learned. https://www.youtube.com/watch?v=Jj4nJ1YEAp4...
Quite an important lesson.. thank you.. as always..
It's in fear when people show what they truly value.
  • #73,067
  • Nov 6, 2016 6:55am Nov 6, 2016 6:55am
Quoting emmanuel7788
Here is one example of a H1 trade setup on the Oct 28 London open session posted on the TMS M30 thread. Why that H1 trade setup should avoided? {image}
Hi Emm,

I do understand long and short term trends, but I am struggling with the time frame to look back in the longer term period to determine the trend there.

I try to clearify my question in your example: suppose I take a H4 trade (buy) in the yellow spot (suppose blue line H4). The green line (suppose D1)

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 263 KB


So I have a blue H4 uptrend starting at my buy , but in green D1 I have a downtrend in time period A but also (an ongoing) green D1 uptrend in period B (with some pullback ongoing right now). Which period do I have to consider?

Thanks,
bunne
  • #73,068
  • Nov 6, 2016 4:14pm Nov 6, 2016 4:14pm
Quoting bunne
{quote} Hi Emm, I do understand long and short term trends, but I am struggling with the time frame to look back in the longer term period to determine the trend there. I try to clearify my question in your example: suppose I take a H4 trade (buy) in the yellow spot (suppose blue line H4). The green line (suppose D1) {image} So I have a blue H4 uptrend starting at my buy , but in green D1 I have a downtrend in time period A but also (an ongoing) green D1 uptrend in period B (with some pullback ongoing right now). Which period do I have to consider?...
http://www.forexfactory.com/showthre...34#post9237634

there are 6 H4 candles in one Day,
and there are 5 Day candles in one Week.

Look at EURNZD today and for rest of this week.

Which is your Short-term Trend, Intermediate Trend and Primary Trend?

If you take a trade in H4, which of the 3 trend are you trading?

When Big E trade H4, which timeframe trend was he referring to as "short term and long term trends"?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,069
  • Nov 6, 2016 4:20pm Nov 6, 2016 4:20pm
Quoting emmanuel7788
Here is one example of a H1 trade setup on the Oct 28 London open session posted on the TMS M30 thread. Why that H1 trade setup should avoided? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: malmal EURAUD H1 trade Oct 28.png Size: 658 KB


to those who replied this post, thank you.

others who want to learn to trade the 5-Method should try this little exercise.

Question: Why that H1 trade setup during the London open session should be avoided.

some traders sees that as a 'fakey', but why do they say that was a 'fakey'. Is that really a 'fakey'?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,070
  • Nov 6, 2016 5:08pm Nov 6, 2016 5:08pm
Quoting emmanuel7788
{quote} {image} to those who replied this post, thank you. others who want to learn to trade the 5-Method should try this little exercise. Question: Why that H1 trade setup during the London open session should be avoided. some traders sees that as a 'fakey', but why do they say that was a 'fakey'. Is that really a 'fakey'?
hi emma
fakey = lose.
how to know which is fakey?
can you help me?
  • #73,071
  • Nov 6, 2016 5:54pm Nov 6, 2016 5:54pm
Hi emmanuel7788,

Thanks for you and other contributors big effort to manage this good thread.

I have a question confused me, the entry should be on 1st or 2nd candle, that is right, but my question is the entry should be the beginning of the 1st/2nd candle or it can be half way of 1st/2nd candle once you see the green cross red?

I read Big E post and found he answered someone , looks like the entry should not be the half way of the candle. But I checked some his training chart, it is definitely his entry is on the half way of candle . e.g the following chart, his entry was 1st candle, but I think when the 1st candle opened, the cross did not happen. it must happen on the half way of the 1st candle.
Attached Image (click to enlarge)
Click to Enlarge Name: mmexport1478483679843.jpg Size: 85 KB
  • #73,072
  • Nov 6, 2016 7:07pm Nov 6, 2016 7:07pm
Quoting txhdeve
Hi emmanuel7788, Thanks for you and other contributors big effort to manage this good thread. I have a question confused me, the entry should be on 1st or 2nd candle, that is right, but my question is the entry should be the beginning of the 1st/2nd candle or it can be half way of 1st/2nd candle once you see the green cross red? I read Big E post and found he answered someone , looks like the entry should not be the half way of the candle. But I checked some his training chart, it is definitely...

Hi,

that training chart was refreshed and that TDI was re-painted. It was based on that TDI Red Green indicator.

if that chart was not refreshed, then there was no TDI cross while the 1st candle was still active and had not close. The TDI during that 1st candle would still have not crossed because the previous candle was bullish closed. If anyone had taken that 1st candle with TDI cross, than it would only mean that chart was refreshed half-way during that 1st candle when the price move lower and than that previous blue candle. That 1st candle would then had changed its colour as the lower close price below the last blue candle.

Look at my chart below which compares both the TDI Red Green and the TDI Realtime version.
Note the price action and the difference in the TDIs.
If I refresh that same chart both the TDIs will show the same like the realtime version.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF TDI compare.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,073
  • Nov 6, 2016 7:40pm Nov 6, 2016 7:40pm
Quoting emmanuel7788
{quote} Hi, that training chart was refreshed and that TDI was re-painted. It was based on that TDI Red Green indicator. if that chart was not refreshed, then there was no TDI cross while the 1st candle was still active and had not close. The TDI during that 1st candle would still have not crossed because the previous candle was bullish closed. If anyone had taken that 1st candle with TDI cross, than it would only mean that chart was refreshed half-way during that 1st candle when the price move lower and than that previous blue candle. That 1st...

Hi Emm,

But you do not need to refresh the chart all the time right ? You only refresh the chart when the new candle is available right ?
And is it better to adjust the TDI to real time ? Thanks.
  • #73,074
  • Nov 6, 2016 8:36pm Nov 6, 2016 8:36pm
Hi emmanuel7788,

Thanks for your answer.

So for this method, to achieve best performance, do we need to wait the current candle close to check TDI green cross red or not (without refresh)? or we can jump into trade whenever we see green cross red even current candle still open (real time)?

By Big E original rules, which way we should use?

thanks.
  • #73,075
  • Nov 6, 2016 9:54pm Nov 6, 2016 9:54pm
Quoting txhdeve
Hi emmanuel7788, Thanks for your answer. So for this method, to achieve best performance, do we need to wait the current candle close to check TDI green cross red or not (without refresh)? or we can jump into trade whenever we see green cross red even current candle still open (real time)? By Big E original rules, which way we should use? thanks.
#54
A set up is NOT GREEN TOUCHING RED. Why? Many times green bounces back and the original direction continues. That's a bounce trade.
Wait for green to CROSS RED and open your trade at the beginning of the new candle... usually candle 1 or 2.
Catch the momentum...
#979
I can't believe there is still confusion here on What is candle 1 or two... If there was a reversal and it went 6 candles let’s say... The first 2 candles are #1 & #2. If I
don't get a signal to enter from the TDI on (candle 1 or 2... green crossing red).. I pass on the trade and find another. This is the rule. The only exception is if the green line bounces away from the red line I'd jump in because it's a bounce trade...
Never enter when green is just touching red... why?... because it might bounce back instead of crossing the TDI Red... wait for the signal... as soon as you see the cross... enter right then... it's happens at the start of a new candle... Don't wait to enter on candle 3 or.... later.
#1025
When I see green cross red it's a set up... but before taking the trade I look at PA, Hi/Lo,
Res/Sup, Stochs, etc, etc BASIC Forex things you need to check on any method or possible entry..
If it all looks good, I jump in... only takes 30 sec. to look at it all when your experienced. It's
quick...
  • #73,076
  • Nov 6, 2016 10:00pm Nov 6, 2016 10:00pm
Quoting emmanuel7788
{quote} {image} to those who replied this post, thank you. others who want to learn to trade the 5-Method should try this little exercise. Question: Why that H1 trade setup during the London open session should be avoided. some traders sees that as a 'fakey', but why do they say that was a 'fakey'. Is that really a 'fakey'?

Quiz is a good way to learn.

My answer:

1. Against H4 trend
2. very close to the support level.

Cheers
  • #73,077
  • Nov 7, 2016 12:14am Nov 7, 2016 12:14am
Quoting txhdeve
Hi emmanuel7788, Thanks for your answer. So for this method, to achieve best performance, do we need to wait the current candle close to check TDI green cross red or not (without refresh)? or we can jump into trade whenever we see green cross red even current candle still open (real time)? By Big E original rules, which way we should use? thanks.
Hi,

it depends on which TDI version and setting you use.

what are Big E original rules? I need to understand this because many traders here do no seem to have common understanding of the 5-Method basics.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,078
  • Nov 7, 2016 12:16am Nov 7, 2016 12:16am
Quoting schneider79
{quote} Hi Emm, But you do not need to refresh the chart all the time right ? You only refresh the chart when the new candle is available right ? And is it better to adjust the TDI to real time ? Thanks.

Hi,

let's make our trading life simple.

know you chart template and the indicator you have on your trading chart template.

no need to refresh our charts when we are trading. Just trade what wee see.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,079
  • Nov 7, 2016 12:37am Nov 7, 2016 12:37am
Quoting emmanuel7788
{quote} {image} to those who replied this post, thank you. others who want to learn to trade the 5-Method should try this little exercise. Question: Why that H1 trade setup during the London open session should be avoided. some traders sees that as a 'fakey', but why do they say that was a 'fakey'. Is that really a 'fakey'?

1. Against main trend on chart
2. False break of an inside bar (because price goes through the IB, but then closes back inside it - making it a 'false break')
3. Yellow line pointing up (broadly speaking , although flat at the cross), red line pointing up.

Taken as a whole you see that the chart is bullish and that the TMS indicator is favouring continuation of going long, so shorts shouldn't really be in play. Long on a break of the IB with a TMS signal would make more sense.

Thanks for this Emmanuel :-)
  • #73,080
  • Edited 2:27am Nov 7, 2016 1:07am | Edited 2:27am
Quoting emmanuel7788
{quote} Hi, it depends on which TDI version and setting you use. what are Big E original rules? I need to understand this because many traders here do no seem to have common understanding of the 5-Method basics. regards,

Hi emmanuel7788,

In my understanding,Big E's rule is

1. TDI green cross red with good angle(12-2 or 4-6) and
2. tdi is 1st or 2nd candle after changing color and
3. sto has same direction with tdi(optional)
4. checkng all other fx basic staff like s/r previos reverse etc.

if all good then go into trade.

But my confusion is the entry must to be 1st candle or second candle beginning or not.

You said it depends different tdi version,the version I am using is 13,0,34, 2,0,7,I checked serveral page I remember your tdi version is 10,5,34,3,1,7.... I am not sure your different version refer this?

thanks emmanuel7788
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