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Trading Made Simple

  • #75,321
  • Jan 30, 2017 4:56pm Jan 30, 2017 4:56pm
Quoting emmanuel7788
{quote} BN Levels : Post#22,389 (also read post#49,341)
Really appreciate it!
Fenix Capital Mgmt Return This Month: na
  • #75,322
  • Edited 5:42pm Jan 30, 2017 5:03pm | Edited 5:42pm
Quoting emmanuel7788
{quote} How I keep it simple: when trading the H4 chart timeframe, start the week by first looking at the W1 charts, if the W1 shows sideways market, check the range. Avoid trading narrow range sideways. if W1 is trending, then move on and look at D1, if D1 is trending in the same direction as W1, then trade H4 in the direction of both the W1 and D1. If D1 is in a 'correction' / retracement against the W1 trend, WAIT.... for D1 reversal Market Trend 4H Swing Trading.jpg;2162234 {image}
Hi Emmanuel,

''If D1 is in a 'correction' / retracement against the W1 trend, WAIT.... for D1 reversal"
But I've seen many times your builds were at retracements(if I can recall)
My question is in my chart.

Best regards
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 451 KB
  • #75,323
  • Jan 30, 2017 5:24pm Jan 30, 2017 5:24pm
Quoting inforserve
{quote} Hi Jimn5611 Are you still holding on USD/JPY trade ? 1.Do you only exit the trade when it's hook over , flat or end of New York session like Big E said. ? 2.When you mention about trade management, Do you mean R:R ratio ( Risk : Return ) ? 3. Can you elaborate reasons why you choose USD/JPY except APB candles formation ? I choose this since it's down trend with failed twice to break current resistance and gradual weakness on bull side with sudden bear side strength as sold down side bear candle . Regarding NZD/JPY trade, even though it's...
I did not mention anywhere in my posts UJ.

About NJ, I trade the chart I see only. I do not worry about all of that other stuff.

Quoting inforserve
{quote} Hi Jimn5611 Are you still holding on USD/JPY trade ? 1.Do you only exit the trade when it's hook over , flat or end of New York session like Big E said. ? 2.When you mention about trade management, Do you mean R:R ratio ( Risk : Return ) ? 3. Can you elaborate reasons why you choose USD/JPY except APB candles formation ? I choose this since it's down trend with failed twice to break current resistance and gradual weakness on bull side with sudden bear side strength as sold down side bear candle . Regarding NZD/JPY trade, even though it's...
No, Big E wanted to get newbies off and running. That is why I said to follow his instructions strictly. Most of you do not know to hold thru the first pullback in a swing trade. I only trade the chart that I see because I know enough about price action to know how that chart will behave. I am still in my NJ trade, but I have my stop to BE + 1.
If you are good at something, never do it for free--Joker
  • #75,324
  • Jan 30, 2017 5:32pm Jan 30, 2017 5:32pm
Quoting blackfriday
{quote} Hi Emmanuel, sometimes I still struggle with identifying a trend on higher timeframe. What do you mean by "if W1 is trending..."? - Do you consider an uptrend, if PA is above EMA10? - Or if you draw a trendline and the direction is up? - Or if HA is up-color? - Or do you consider consecutive Higher Highs as uptrend? - ? These questions may sound simple, but to me they are not. I don't have a rule, and often those different approaches contradict each other. Could you please share your opinion? Thank you for all your patience with us newbies...
Very Good Question indeed blackfriday

I guess there are many people do differently lol
I'm doing at the moment
1. 10ema on daily for early entry & solid confirmed with GUPPY indi on daily. And I normally look at ''W1 - 10ema dash board indi'' on daily chart.
2. Lastly I normally look at above/below previous High/low on weekly.

Please correct me if I am wrong

Regards,
  • #75,325
  • Edited 6:14pm Jan 30, 2017 5:43pm | Edited 6:14pm
Quoting facebreaker
Yes, but with Synergy Pro Volatility. Сonsidered in the scale, do your patterns {image}
I see.
If you are good at something, never do it for free--Joker
  • #75,326
  • Jan 30, 2017 6:13pm Jan 30, 2017 6:13pm
Quoting jmn5611
{quote} I did not mention anywhere in my posts UJ. About NJ, I trade the chart I see only. I do not worry about all of that other stuff. {quote} No, Big E wanted to get newbies off and running. That is why I said to follow his instructions strictly. Most of you do not know to hold thru the first pullback in a swing trade. I only trade the chart that I see because I know enough about price action to know how that chart will behave. I am still in my NJ trade, but I have my stop to BE + 1.
O.K. I thought you also took UJ. Anyway thanks for your comment. Maybe I am thinking too much or I do not have enough chart time to find good PA yet.

If I look at NJ setup, I am thinking following things with Big E's instruction.

1. good tdi angle
2. good last reversal
3. large bar

But it's up trend.
  • #75,327
  • Jan 30, 2017 6:16pm Jan 30, 2017 6:16pm
Quoting inforserve
{quote} O.K. I thought you also took UJ. Anyway thanks for your comment. Maybe I am thinking too much or I do not have enough chart time to find good PA yet. If I look at NJ setup, I am thinking following things with Big E's instruction. 1. good tdi angle 2. good last reversal 3. large bar But it's up trend.
You are right about all three. This is counter trend only good for a scalp. Do not do this unless you feel very confident.

To be more specific. This is a bull channel that is large enough for bears to make money.
If you are good at something, never do it for free--Joker
  • #75,328
  • Jan 30, 2017 6:23pm Jan 30, 2017 6:23pm
Quoting jmn5611
{quote} You are right about all three. This is counter trend only good for a scalp. Do not do this unless you feel very confident. To be more specific. This is a bull channel that is large enough for bears to make money.
I see. Are you looking at this as Eilliot wave ? corrective move ? or maybe your PA knowledge form your chart time ?
Or both ?
  • #75,329
  • Jan 30, 2017 8:11pm Jan 30, 2017 8:11pm
Quoting blackfriday
{quote} Hi Emmanuel, sometimes I still struggle with identifying a trend on higher timeframe. What do you mean by "if W1 is trending..."? - Do you consider an uptrend, if PA is above EMA10? - Or if you draw a trendline and the direction is up? - Or if HA is up-color? - Or do you consider consecutive Higher Highs as uptrend? - ? These questions may sound simple, but to me they are not. I don't have a rule, and often those different approaches contradict each other. Could you please share your opinion? Thank you for all your patience with us newbies...
Hi,

No to the use of trendlines,
No to use of the HeikenAshi candles colours,

simply plain old Price Action by looking at the price chart- either the Price Bar chart or the Japanese Candlestick chart or a Line Chart.


TMS purists use the 5EMA,Typical Price, Shift+3 as the direction on their trading chart timeframe.
PA above 5EMA is BUY.
PA below 5EMA is SELL.
Is that so simple?

I use the 10EMA, Close Price, Shift+0 on all chart timeframes (MN, W1, D1) for my top down analysis and prepare my Big Picture Plan for my trading.
This is not a holy grail but I used this approach consistently for long many years.

Look at these 6 JPY pair Weekly Bar charts,

which pairs are sideways and which pairs are trending ?
Attached Image (click to enlarge)
Click to Enlarge Name: JPY 6 pairs bar chart.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,330
  • Jan 30, 2017 8:24pm Jan 30, 2017 8:24pm
Quoting pete.alfa
{quote} Hi Emmanuel, ''If D1 is in a 'correction' / retracement against the W1 trend, WAIT.... for D1 reversal" But I've seen many times your builds were at retracements(if I can recall) My question is in my chart. Best regards {image}

Hi,

the rule for Position Building is to add positions during the retracement when the 'trend' is confirmed seen in the higher timeframe.

example of GBPUSD H4 trade done yesterday.
see chart below:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4 trades Jan 30.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,331
  • Jan 30, 2017 8:29pm Jan 30, 2017 8:29pm
Quoting emmanuel7788
{quote} Hi, No to the use of trendlines, No to use of the HeikenAshi candles colours, simply plain old Price Action by looking at the price chart- either the Price Bar chart or the Japanese Candlestick chart or a Line Chart. TMS purists use the 5EMA,Typical Price, Shift+3 as the direction on their trading chart timeframe. PA above 5EMA is BUY. PA below 5EMA is SELL. Is that so simple? I use the 10EMA, Close Price, Shift+0 on all chart timeframes (MN, W1, D1) for my top down analysis and prepare my Big Picture Plan for my trading. This is not a holy...
Emm...

You put up weekly charts to ask about trends or range without putting up a higher TF.

I could say they are trending. But I could also say they are bull legs in a trading range.

Your thoughts?
If you are good at something, never do it for free--Joker
  • #75,332
  • Jan 30, 2017 8:34pm Jan 30, 2017 8:34pm
Simple is incredible....
do you utilize news to target ?

regards,
  • #75,333
  • Jan 30, 2017 10:29pm Jan 30, 2017 10:29pm
Quoting emmanuel7788
{quote} Of course we can all discuss Plan, Build and Run for Position trading on Day charts. I need to see the number of traders here who are interested and we can consider do a project on this. Let me know who is interested and have the commitment to work hard for a few months. Do not decide so soon, but first you must read up all my posts on "empty space" and know what Plan,Build and Run is about. only 15 posts with charts to read. here FF search keyword empty space.png;2154490 {image}
Hi Emmanuel,

Yesterday, EURNZD managed to below the low of the 13.12.2016 candle and I see no PPA to the left till April 2015, so I believe we have a nice "empty space" there.

I sold (demo) at the with SL using 2 day look back rule. I also see yesterday candle as WRB, so we may have consolidation/retracement which I will use to build.

Hope to see your comments.

Okoso
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDDaily31.01.16.png Size: 47 KB
  • #75,334
  • Jan 30, 2017 10:32pm Jan 30, 2017 10:32pm
Big E's 8 trading pairs Jan 31 GMT0430.

The current H4 candle will close in one-and-half hour,

looking at the charts now, you should know what you will be looking for to trade when the next H4 candle opens...
it is either reversal or continuation trades for these 8 pairs.


Attached Image (click to enlarge)
Click to Enlarge Name: BigE 8 pairs Jan 31 GMT0430.png Size: 98 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,335
  • Jan 30, 2017 10:36pm Jan 30, 2017 10:36pm
Quoting okoso
{quote} Hi Emmanuel, Yesterday, EURNZD managed to below the low of the 13.12.2016 candle and I see no PPA to the left till April 2015, so I believe we have a nice "empty space" there. I sold (demo) at the with SL using 2 day look back rule. I also see yesterday candle as WRB, so we may have consolidation/retracement which I will use to build. Hope to see your comments. Okoso {image}

Hi,

that's is correct , the D1 candle close below where there is no MN lows in the past 6 months.

the last 11 days from Jan 13 were 'sell only' zone, see if you spot that.

Trade well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,336
  • Jan 30, 2017 11:32pm Jan 30, 2017 11:32pm
Quoting emmanuel7788
{quote} I use the 10EMA, Close Price, Shift+0 on all chart timeframes (MN, W1, D1) for my top down analysis and prepare my Big Picture Plan for my trading. {image}
Hi emmanuel,

Will you be able to share with me your approach on using the 10 EMA top down analysis for big picture planning?
Thanks
  • #75,337
  • Jan 31, 2017 12:44am Jan 31, 2017 12:44am
I closed my NJ position. Reason? Stochs are going against the position. Lots of wicks on the HA candles. Bulls are buying at this level.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYH4.png Size: 53 KB
If you are good at something, never do it for free--Joker
  • #75,338
  • Jan 31, 2017 12:58am Jan 31, 2017 12:58am
good morning

The stream is live. Looking forward to trade for the next couple of hours

regards

https://www.twitch.tv/bistolis
  • #75,339
  • Jan 31, 2017 1:51am Jan 31, 2017 1:51am
Quoting jmn5611
I closed my NJ position. Reason? Stochs are going against the position. Lots of wicks on the HA candles. Bulls are buying at this level. {image}
Hi JMN,

Here is 2 trades I took on D on GU and GA. Both taken slightly before the cross on the TDI, based on what I thought was good PA at S/R levels.

Are they along the right lines in your view on PA? Do you occasionally take on the TDI Live cross before close of the bar based on PA?

Cheers
  • #75,340
  • Jan 31, 2017 1:54am Jan 31, 2017 1:54am
Quoting irishtoffy
{quote} Hi JMN, Here is 2 trades I took on D on GU and GA. Both taken slightly before the cross on the TDI, based on what I thought was good PA at S/R levels. Are they along the right lines in your view on PA? Do you occasionally take on the TDI Live cross before close of the bar based on PA? Cheers
Hi, I cannot see any charts from. Make sure I can also see the bars on on the HA candles.
If you are good at something, never do it for free--Joker
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