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Trading Made Simple

  • #75,421
  • Feb 1, 2017 5:11pm Feb 1, 2017 5:11pm
Quoting catalin_eros
Nailing it on EG buy, after the sell loss I previously took. {image}

EG today can sell continuation .... British House of Common okays Brexit bill.... .. one more step to go.

know where to place your initial SL, use average price entry with position sizing, ...

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP H4 multi-charts BPP.png Size: 66 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,422
  • Feb 1, 2017 5:14pm Feb 1, 2017 5:14pm
Buying GBPUSD this week using Weekly Bias

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4 multi-charts BPP.png Size: 69 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,423
  • Feb 1, 2017 5:46pm Feb 1, 2017 5:46pm
Quoting emmanuel7788
{quote} EG today can sell continuation .... British House of Common okays Brexit bill.... .. one more step to go. know where to place your initial SL, use average price entry with position sizing, ... EURGBP H4 multi-charts BPP.png;2168055 {image}
Thanks for the advise, Emm! Yeap, that 50 looks pretty attractive.

I am currently back to SESE, because I found it stressful to trade position sizing technique manually. So I am back to what works for me easily. But I did send you a message on skype. Check it out when you have time.
  • #75,424
  • Feb 1, 2017 6:00pm Feb 1, 2017 6:00pm
Quoting emmanuel7788
{quote} EG today can sell continuation .... {image}
And when it gets to the 50, something else might happen, based on the spotted pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPWeekly.png Size: 105 KB
  • #75,425
  • Feb 1, 2017 6:01pm Feb 1, 2017 6:01pm
Quoting catalin_eros
{quote} Thanks for the advise, Emm! Yeap, that 50 looks pretty attractive. I am currently back to SESE, because I found it stressful to trade position sizing technique manually. So I am back to what works for me easily. But I did send you a message on skype. Check it out when you have time.

stick to what work best for you.

SE has its own variations too. You can enter at the same price with multi-lots. Do you know that?

sorry about skype, it died in Nov and I did not have time to solve the problem on my PC as I was in vacation. I bought a new PC after Xmas and have not re-install skype. Too busy getting up to speed with my own trading and building up my equities portfolio, also and other things in life.

use PM for now and I'll reply on weekends if not urgent.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,426
  • Feb 1, 2017 6:02pm Feb 1, 2017 6:02pm
Quoting emmanuel7788
Buying GBPUSD this week using Weekly Bias GBPUSD H4 multi-charts BPP.png;2168067 {image}
Emmanuel,why u have write to buy Gbp/Usd? What type of moving average is on Weekly chart? Can u explain better? Thx
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,427
  • Feb 1, 2017 6:04pm Feb 1, 2017 6:04pm
Quoting catalin_eros
{quote} And when it gets to the 50, something else might happen, based on the spotted pattern. {image}
why use guppy on weekly?

I thought use that on your trading timeframe would be simpler. But follow the price action on all timeframes.

Read Daryl Guppy book.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,428
  • Feb 1, 2017 6:17pm Feb 1, 2017 6:17pm
Quoting emmanuel7788
{quote} why use guppy on weekly? I thought use that on your trading timeframe would be simpler. But follow the price action on all timeframes. Read Daryl Guppy book.
I would agree with you on this. for longer time frames to Use less moving averages is best.

On another note, some very experienced traders I know tested the 50 and the 55 EMA and found the 55 to work best. although everyone's experience is different.
It's in fear when people show what they truly value.
  • #75,429
  • Feb 1, 2017 6:18pm Feb 1, 2017 6:18pm
Quoting classy
{quote} Hi big Emm ,my humble request please tell me why you ,use tdi rt and tdi green ? how you read chart ? or take decision ? if it is repeat question then ignore it
Hi Classy,

In the past years, many traders came to this thread and wanted to trade Big E's 5-Method. Some are confused what TMS is and what the 5-Method is. A few traders believe that TMS and the 5-Method are two different 'systems' which in fact is not true. Trading Made System aka TMS is only the name of this thread when Big E decided to move the 5-method discussions from the Commercial Content forum back to this Trading Systems forum.
There is one big problem that many traders faced in the past years. Too many different coded version of the Traders Dynamic Index aka TDI in short.

Big E used the TDI Red Green version which in known to repaint the bars in history when the chart get refreshed. All of his posted training charts are refreshed charts therefore what we see on his training charts are not exactly what there were in live market condition. There is another version which was releases by the original creator of the TDI and this version does not repaint the history bars like the older TDI version.
The TDI RT version is s copy of the new Traders Dynamic Index which paints in realtime following each new price tick and when the price bar/candle closes, the TDI lines are fixed and these will not repaint like the old TDI Red Green version. Many traders are confused as to which version is the correct one to use. But there is not correct version because we must choose one version and forward test in live market, then write our own trading rules based on the version we chose to trade with.
Starting from this week, I decided to post charts of the 8 currency pairs which Big E traded during his time and show screenshots of the two different TDIs overlay in the same chart sub-window to show the differences when each H4 candle close. This should help traders study the difference in live market and hope they will make an informed decision to which TDI version to use in their forward testing and live trading.
What is more important is that traders must learn to look at the price action and observe in live market, take note of the time and the pattern. Big E mentioned about pattern but he did not post anything more about what pattern he taken note of.

Below is another screen capture done on Feb 2 GMT2330. You will see the differences in the TDI lines. Note USDCAD gave a valid sell signal using the TDI –Realtime and the TDI Red Green is different. Is this a good time to trade H4? If I refreshe that chart again, both the TDI will show the same as the TDI-Realtime.

Attached Image (click to enlarge)
Click to Enlarge Name: BigE 8 pairs Feb 2 GMT 2330.png Size: 98 KB


kind regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,430
  • Feb 1, 2017 6:32pm Feb 1, 2017 6:32pm
Quoting Pretoriano
{quote} Emmanuel,why u have write to buy Gbp/Usd? What type of moving average is on Weekly chart? Can u explain better? Thx

Hi,

Read up post on the POWER of 10EMA.
Its no holy grail, but it is simple enough and it complement the use of Big E' 5-Method and the use of the 5EMA,Typical Price, Shift+3.

http://www.forexfactory.com/showthre...46#post8598146
http://www.forexfactory.com/showthre...94#post9071094

see GBPUSD multi-chart below, how the 10EMA is being use in Big Picture Plan.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD multi-chart and 10EMA.png Size: 97 KB


This approach will help you pick the right time and right place to trade. You will get fewer trades, which means fewer losing trades and your winners will increase your win rate. This is simple enough, .. tested and proven by many active TMS traders - M15, H1, H4 and D1 chart traders. Use this as your approach in 2017 and you will see the results by year end. You need to be discipline in following this simple approach.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,431
  • Feb 1, 2017 7:00pm Feb 1, 2017 7:00pm
Quoting bistolis
{quote} hello about EURJPY I would hope to reach 123 as well although the daily and weekly dont show trend strength Image1.png;2166921 On USDCAD I would aim for small profit counter trend, mainly because the daily and weekly show downside momentumImage2.png;2166927 looking forward for your view on this. thanks for sharing your charts regards {image} {image}
Hi,

EURJPY has been sideways for several weeks but good range for 4H swing trading and you need to catch those swing low, swing high reversals
. On D1 chart, wait for the move into 'empty space'.

USDCAD - for me it is sell only this week. Sell when there is 'empty space' below PA ... no previous MN low for 2 to 3 months and when there is volaility.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,432
  • Feb 1, 2017 7:09pm Feb 1, 2017 7:09pm
Quoting Con
{quote} Thanks Emmanuel, Avg entry price, how is this determined? Is it by using the ATR-52 period? Got the rest of my qns by searching for the previous post Can I confirm my understanding of buy zone and empty space is correct from the screenshot attached? Thanks once again {image}

1) for average entry price, when you have 2 positions with same lot size, simply take the average of the 2 entry prices. Different if the position lot size are no the same. you need to consider the lot size of both position.
*Average entry price has nothing to do with ATR-52 weeks.

use this indicator in this post link:
http://www.forexfactory.com/showthre...02#post9176102

2) USDJPY Nov rally was obvious when we look to its left and see no previous MN trading activity, we buy into the 'empty space'. This requires the right market timing when the fundamentals support the weaker JPY.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,433
  • Feb 1, 2017 7:13pm Feb 1, 2017 7:13pm
XAUUSD rally after a day of indecision.
Target Jan high and if the rally continues, then 1231 and 1238 are potential targets.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,434
  • Feb 1, 2017 7:21pm Feb 1, 2017 7:21pm
Quoting adamjhdavis
4 hour trade on GBPUSD for 90 ish points... gbpusd-h4-fxpro-financial-services.png;2167099 {image}

Good trade, following the PAC, the yellow brick road as what member snarlyjack calls it.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,435
  • Feb 1, 2017 7:52pm Feb 1, 2017 7:52pm
Emmanuel,what do u think about Adx on Weekly chart for trend? Is good?
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,436
  • Feb 1, 2017 9:17pm Feb 1, 2017 9:17pm
Price action trading ... big candle, small candle, ...

what are big candles? pick the common ones we see most often.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD H4 BEEB BEOB Feb 2.png Size: 21 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,437
  • Feb 1, 2017 9:19pm Feb 1, 2017 9:19pm
Quoting Pretoriano
Emmanuel,what do u think about Adx on Weekly chart for trend? Is good?
Hi,

Yes you can use the ADX on Weekly chart for trend spotting but you will always be late for the reversal.

http://forex-indicators.net/adx
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,438
  • Feb 1, 2017 11:02pm Feb 1, 2017 11:02pm
Quoting Maule
{quote} Update Number 2 on EUR/USD Trade (Using Price Action alone) Hope this gives someone out there hope. If you're struggling with learning TMS once again I recommend you learn to read Price Action First. If you observe from my last post I entered before the TDI crossed. Why? Because Price Action told me to. The TDI simply tells you what Price Action is has already done after the fact. Notice in the picture below that the TDI crossed a little while after I had already entered. Ref Post...
Hi,Maule
I totally agree with what u say.I will learn what u have told,and come back.
Thanks a lot.
  • #75,439
  • Feb 1, 2017 11:26pm Feb 1, 2017 11:26pm
Emmanuel, thanks for the great informations and the way you help others! be well!
  • #75,440
  • Feb 2, 2017 12:04am Feb 2, 2017 12:04am
Another H4 candle closed, a new H4 candle opens...
the next 4 hours is the dangerous period to trade lower timeframe - why?
Sydney closing,
Frankfurt opening,
London opening,
Tokyo closing,
....

Attached Image (click to enlarge)
Click to Enlarge Name: BigE 8 pairs Feb 2 GMT0600.png Size: 99 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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