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Trading Made Simple

  • #73,361
  • Nov 16, 2016 12:29am Nov 16, 2016 12:29am
Quoting hsn100
{quote} Yes most of the times, due to my day job compulsions, but when there's a good tdi angle on H4/H1, then i enter for few pips, as below... {image}
CADCHF H4 update...Looking to close this trade...loosing momentum...
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHFH4.png Size: 41 KB
Winners Never Quit, Quitters Never Win
  • #73,362
  • Nov 16, 2016 12:50am Nov 16, 2016 12:50am
Quoting hsn100
{quote} CADCHF H4 update...Looking to close this trade...loosing momentum... {image}
On the TMS rules that as close as TDI hook / flat, now my recommendation is to close it too, 71 pips is really good for close. I have a resistance on the 0.7442 (7450 if you like those numbers) but thats my opinion, but i didnt catch that trade so, do as you believe is better. to if you got the feeling(according to your analysis) it will keep going up set SL where you will be conformable and let it run but there is also a Red CAD news on calendar, just keep in mind
Best of luck
  • #73,363
  • Nov 16, 2016 1:02am Nov 16, 2016 1:02am
Quoting hsn100
{quote} CADCHF H4 update...Looking to close this trade...loosing momentum... {image}

To maximise profit, you have to be prepared to give back 50% of what the market had given you.

who said this?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,364
  • Nov 16, 2016 1:55am Nov 16, 2016 1:55am
Quoting hsn100
{quote} CADCHF H4 update...Looking to close this trade...loosing momentum... {image}

Hi HSN,

I don't trade any CHF pairs but I just did a quick analysis on D1 chart.

That H4 did lose some momentum, that is quite normal after London session closed and the US second half session is usually quiet with low liquidity. The Asian morning session also usually quiet.

You can consider convert this H4 trade to D1 trade now that you have your SL at Entry Price , it's s free trade.

Potential target is between BRN 0.7500 and 0.7525 , that is the Wide Range Bar WRB of Oct 20.

Let the market decide.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,365
  • Nov 16, 2016 2:02am Nov 16, 2016 2:02am
Quoting emmanuel7788
{quote}Do Not let anyone mislead you by their frequent quoting from eelfranz old posts and make their rants here in this current 5-Method thread.
Hi Emm
Call it what you want. Rants will not be need when members ONLY discuss BigE and his blue post's. After all this is his forum. Don't you agree.
  • #73,366
  • Nov 16, 2016 2:16am Nov 16, 2016 2:16am
Quoting Tekkies
{quote} Hi Emm Call it what you want. Rants will not be need when members ONLY discuss BigE and his blue post's. After all this is his forum. Don't you agree.

@Tekkies,

You do have a huge passion for trading to be made simple but do not let what is written by Big E limit your potential.
This is one book I strongly recommend you to read. You will be amazed by the potential hidden talent which you have in you.

Attached Image (click to enlarge)
Click to Enlarge Name: Enhancing Trader Performance by Brett Steenbarger.png Size: 433 KB


Take Care.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,367
  • Nov 16, 2016 2:34am Nov 16, 2016 2:34am
Quoting emmanuel7788
{quote} Hi HSN, I don't trade any CHF pairs ......Let the market decide. Trade Well.
Hi emmanuel 7788! Yes you're right, btw i'm also in an another CHF pair trade, it's a safe trade, but monitoring it closely.....
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYDaily.png Size: 49 KB
Winners Never Quit, Quitters Never Win
  • #73,368
  • Nov 16, 2016 2:36am Nov 16, 2016 2:36am
Quoting emmanuel7788
{quote} Hi Eldero, I fully agree with you that eelfranz whom we fondly call Big E is a very special person. He shared his 6,000 hours of trading experience and knowledge. I have no doubt that he knew about the average true range ATR. He started trading with Craig Harris and with Dean Malone in 2008 and these two professional traders talk about the ATR all the time in their trading systems. When we learn from Big E, we also learn some of the thigs which he had tested and worked for him. It is immensely valuable that we all have the privilege to learn...
Thank you so much emmanuel7788, your advices are so precious
Now I have the situation much more clear. It's time to study to find which is the trading strategy more comfortable for me
Ciao and have a nice day!
  • #73,369
  • Nov 16, 2016 2:36am Nov 16, 2016 2:36am
Quoting chino
{quote} On the ..... in mind Best of luck
thnx a lot
Winners Never Quit, Quitters Never Win
  • #73,370
  • Nov 16, 2016 2:39am Nov 16, 2016 2:39am
Quoting Tekkies
{quote} Eldero. Those indicators are not part of TMS. If you need S/L here is what you should do: I know a lot of you are afraid to trade the 4hr charts...why?... cuz someone sold you a bag of crap about your S/L being to far away... 50-80 pips, etc. In your mind your thinking I can't afford that... like chicken little running in circles... get a grip gang. Seriously now... Look back at any 4hr chart where there was a reversal where you would have entered a trade using the 5 method. If you had entered the trade on the 4hr chart... and put your S/L...
Thank you Tekkies, I am trying to get a clear idea of the method and your advise will help me in reaching my target
  • #73,371
  • Edited 2:57am Nov 16, 2016 2:45am | Edited 2:57am
Some PDF's to share. good to share and learn.

Attached File(s)
File Type: pdf Basic TMS-5 Method Rules.pdf   873 KB | 908 downloads
Attached File(s)
File Type: pdf Best of Big E I.pdf   1.4 MB | 4,999 downloads
Attached File(s)
File Type: pdf Best of Big E II.pdf   130 KB | 3,528 downloads
Attached File(s)
File Type: pdf Decision Checklist II.pdf   142 KB | 748 downloads
Attached File(s)
File Type: pdf Entries and Exits Rules.pdf   58 KB | 917 downloads
Attached File(s)
File Type: pdf Trade Management Strategies by Emmanuel.pdf   2.0 MB | 834 downloads
Attached File(s)
File Type: pdf Trading Mastery Series by Emmanuel.pdf   636 KB | 1,344 downloads
It's in fear when people show what they truly value.
  • #73,372
  • Nov 16, 2016 2:47am Nov 16, 2016 2:47am
Attached File(s)
File Type: zip Emmanuel PDF'S.zip   3.8 MB | 886 downloads

And More
Attached File(s)
File Type: pdf SYNERGY_Basic.pdf   1.8 MB | 743 downloads


Attached File(s)
File Type: pdf Synergy_PRO.pdf   2.5 MB | 837 downloads

Attached File(s)
File Type: pdf TMS TDI Settings.pdf   221 KB | 1,875 downloads
It's in fear when people show what they truly value.
  • #73,373
  • Nov 16, 2016 2:52am Nov 16, 2016 2:52am
Price action PDF's.
Attached File(s)
File Type: pdf 123 Chart Pattern by Sunil Mangwani.pdf   111 KB | 654 downloads
Attached File(s)
File Type: pdf ABCD Bearish.pdf   271 KB | 1,267 downloads
Attached File(s)
File Type: pdf ABCD Bullish.pdf   260 KB | 2,025 downloads
Attached File(s)
File Type: pdf Candlestick Patterns (1).pdf   439 KB | 528 downloads
Attached File(s)
File Type: pdf Candlestick Patterns in TMS.pdf   3.7 MB | 794 downloads
Attached File(s)
File Type: docx Emmanuel on Reversal Pattern.docx   12 KB | 546 downloads
Attached File(s)
File Type: pdf Heikin Ashi I.pdf   484 KB | 1,622 downloads
Attached File(s)
File Type: pdf Heikin Ashi II.pdf   190 KB | 1,075 downloads
It's in fear when people show what they truly value.
  • #73,374
  • Nov 16, 2016 2:59am Nov 16, 2016 2:59am
Quoting emmanuel7788
{quote}This is one book I strongly recommend you to read.
Thanks Emm
  • #73,375
  • Nov 16, 2016 3:29am Nov 16, 2016 3:29am
Quoting hsn100
{quote} Yes most of the times, due to my day job compulsions, but when there's a good tdi angle on H4/H1, then i enter for few pips, as below... {image}
Hi hsn,
may I ask when you enter a day trade?
Once the day candle was drawn? Or say right after the London session start?
  • #73,376
  • Nov 16, 2016 4:33am Nov 16, 2016 4:33am
Good trade long or not on USD CAD H4? Bounce off support level, good TDI cross, APB playing ball, PA crossing over 60MA and 5MA. No USD or CAD news until next candle.

Note: D1 on USDCAD shows short TDI Cross over on 2nd APB, Should I have stayed out of this one?
Attached Image (click to enlarge)
Click to Enlarge Name: Tradeexample.JPG Size: 154 KB
  • #73,377
  • Nov 16, 2016 5:03am Nov 16, 2016 5:03am
Quoting brian661
Would like to ask a question about trading on Day timeframe. Should I enter the trader right after the new day candle appear? As the new candle draw before Tyoko market and Tyoko hours' movement is usually ranging, from my observation. Thanks in advance

Hi Brian,

You can enter the trade once the setup is confirmed on your D1 chart and a new D1 candle opens if you are making a single entry trade.

My new D1 candle opens when Sydney opens, which is 2 hours before Tokyo market session opens.
You must take note of the currency pair you trade on D1 chart, some pairs move during the Asian session (Sydney-Tokyo sessions).
Most of the pairs do not move so much during the Asian session due to the much lower liquidity compared to the higher liquidity in London and NY market sessions.

Read these 2 post by Big E.
1st post, he encourage those with day job top trade the D1 charts.
2nd post, he said he did not like to trade the D1 chart because of the big pull back.
http://www.forexfactory.com/showthre...80#post4666980
http://www.forexfactory.com/showthre...10#post4576310

So my question is when we trade the D1 chart, what shall we do when the pull back is big (pull back=retracement)?

Do we wait until the pull back (retracement) is over? We do not know how deep is the retracement will be and when it will be over.
What if there is no pull back/retracement, we miss the entry.

What should be the correct answer?

I have different intraday trade entry methods on H1. But the problem is many traders do not have time during the day and look for intraday entries.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,378
  • Edited 5:28am Nov 16, 2016 5:11am | Edited 5:28am
Quoting quyquan
Good trade long or not on USD CAD H4? Bounce off support level, good TDI cross, APB playing ball, PA crossing over 60MA and 5MA. No USD or CAD news until next candle. Note: D1 on USDCAD shows short TDI Cross over on 2nd APB, Should I have stayed out of this one? {image}

Your H4 price bar shows good bullish momentum and that can be seen in H1 ... 3rd and 4th candles. Good price action in my opinion.
But that APB body size with upper and lower wicks tell a different story. The APB did not close above the 5EMA therefore it is not a 5-Method setup candle APB#1.
Entry on the next APB candle is good in this example.

Edit. I just looked at your HAS matrix and I don't think it is correct. You need to refresh your chart and check that again.

Edit.
add chart examples.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 46 H4 PA examples.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,379
  • Edited 7:50am Nov 16, 2016 7:39am | Edited 7:50am
News just came out. Looks like the USD/CAD pair is going down.

Shorted on the D1.

W1 In Up Trend but is also in the Overbought zones on the Stoc and TDI. Keeping fingers crossed.
Attached Image(s) (click to enlarge)
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Play the hand you were dealt.
  • #73,380
  • Nov 16, 2016 8:35am Nov 16, 2016 8:35am
update
Attached Image(s) (click to enlarge)
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