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Trading Made Simple

  • #75,581
  • Feb 6, 2017 9:12am Feb 6, 2017 9:12am
Quoting emmanuel7788
If I were you, I would be looking at buying JPY pairs except AJ and NJ. Buying JPY means selling UJ, EJ and GJ.
Hey, Emm!

You mean like this:
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 120 KB

?
I am UJ already as well.
  • #75,582
  • Feb 6, 2017 11:39am Feb 6, 2017 11:39am
Sold 1/2 position NJ based on H4 ... waited to enter APB#2 after cross to see if PA would test breakout. Entry based on H4 cross, D1 lacking strength,W1 drifting and recent support may have now become upside resistance. If PA breaks previous bar low will sell-short other half position.

Attached Image (click to enlarge)
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All for one and one for all
  • #75,583
  • Feb 6, 2017 2:08pm Feb 6, 2017 2:08pm
Quoting catalin_eros
{quote} Hey, Emm! You mean like this: EURJPYH4.png;2174742 ? I am UJ already as well. {image}
technically, UJ and EJ both have potential to sell into 'empty space' .
lets see if the market sentiments will help us in the coming days and weeks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,584
  • Feb 6, 2017 2:20pm Feb 6, 2017 2:20pm
Quoting emmanuel7788
XAUUSD rally after a day of indecision. Target Jan high and if the rally continues, then 1231 and 1238 are potential targets.
XAUUSD

Gold rush today did better than 1231 where the herd love.
next 1238 very closeby.
look for big candle that close across this 1238 level.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,585
  • Feb 6, 2017 2:41pm Feb 6, 2017 2:41pm
more selling EURAUD, EURNZD, GBPAUD, GBPNZD pick 2 out of these 4, which 2? ... skip the EURCAD and GBPCAD pairs.

I love these commodity cross pairs as they give me the most trades profits every month.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,586
  • Feb 6, 2017 2:44pm Feb 6, 2017 2:44pm
Emmanuel,when u have time can u answer my post 75,571 and 75,572?

Thanks
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,587
  • Edited 3:07pm Feb 6, 2017 2:56pm | Edited 3:07pm
Another managed trade on range bound area.

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Still strong upward trend for AUD.

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BPP for my ME/ME trading for this week.

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File Type: docx eurusd-gameplan4-20170206.docx   79 KB | 327 downloads

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File Type: docx euraud-gameplan-20170206.docx   70 KB | 381 downloads
  • #75,588
  • Feb 6, 2017 3:01pm Feb 6, 2017 3:01pm
Quoting emmanuel7788
more selling EURAUD, EURNZD, GBPAUD, GBPNZD pick 2 out of these 4, which 2? ... skip the EURCAD and GBPCAD pairs. I love these commodity cross pairs as they give me the most trades profits every month.
Hi Emma. Why do you not consider EURCAD and GBPCAD?
There is no reason to trade if there is no reason to trade.
  • #75,589
  • Feb 6, 2017 3:42pm Feb 6, 2017 3:42pm
Quoting cvgreen46
Morning, hope you all had a pleasant weekend ... shorting AU on H4 (weak Retail numbers today too)... Screenshot1.png;2173905 {image}

This will help you for moving stop loss and partial profit
Attached File(s)
File Type: ex4 Forex_Trading_Troll_v2.ex4   21 KB | 341 downloads
  • #75,590
  • Feb 6, 2017 6:59pm Feb 6, 2017 6:59pm
Quoting marionetka
{quote} Hi Emma. Why do you not consider EURCAD and GBPCAD?

Hi,

its because these pairs are ranging at the moment and do not have potential for PLAN, BUILD and RUN. We need to see 'empty space' to do this.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,591
  • Feb 6, 2017 7:29pm Feb 6, 2017 7:29pm
Quoting emmanuel7788
{quote} technically, UJ and EJ both have potential to sell into 'empty space' . lets see if the market sentiments will help us in the coming days and weeks.
Hi Emmanuel7788,

RE UJ and EJ, both are too already too late on H4 chat for short entry, but it really looks like there are plenty room to go, what would you consider to do now if you missed the short entry? Do you look at higher timeframe like D1 or W1, or following the trend to enter now which I guess it is not TMS way though.

Thanks

fei
  • #75,592
  • Feb 6, 2017 7:44pm Feb 6, 2017 7:44pm
Quoting anfei1972
{quote} Hi Emmanuel7788, RE UJ and EJ, both are too already too late on H4 chat for short entry, but it really looks like there are plenty room to go, what would you consider to do now if you missed the short entry? Do you look at higher timeframe like D1 or W1, or following the trend to enter now which I guess it is not TMS way though. Thanks fei

Hi,

you can trade simple like Big E how he would later add lots to his trades using his 5-Method. You only need to know where you place your Stop Loss when you follow his add lot to his trades. He did mention use the previous 2 candles high ( for sell) or low (for buy) . He did not show any chart with examples.
But when you use the 5EMA Typical Price, Shift+3 as the Buy or Sell direction like he did, then to jump into the market direction is a matter of when and where you time your entry, know your initial Stop Loss which is your Risk ... 'R' and use that R to do your position size. Then you manage your trade(s) using the R-Multiple method.
Is this simple enough?

Edit:

add chart with explanation
the R is based on current market volatility

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY sell CONTINUATION.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,593
  • Feb 6, 2017 8:04pm Feb 6, 2017 8:04pm
Quoting emmanuel7788
{quote} Hi, you can trade simple like Big E how he would later add lots to his trades using his 5-Method. You only need to know where you place your Stop Loss when you follow his add lot to his trades. He did mention use the previous 2 candles high ( for sell) or low (for buy) . He did not show any chart with examples. But when you use the 5EMA Typical Price, Shift+3 as the Buy or Sell direction like he did, then to jump into the market direction is a matter of when and where you time your entry, know your initial Stop Loss which is your Risk ......
Appreciate your help as always.

"But when you use the 5EMA Typical Price, Shift+3 as the Buy or Sell direction like he did, then to jump into the market direction is a matter of when and where you time your entry, know your initial Stop Loss which is your Risk"

Just to clarify, it means, using EJ as example, although HTF on D1chat is down trend, I still need to find the good entry point which meets all those conditions of TMS 5, means waiting for bounce on H4 chat then reverse down again, time the entry following the same direction as HTF trend will increase the odd of winning.

Also regarding the R, is that calculated using the ATR which I saw you mentioned before.

Regards

Fei
  • #75,594
  • Feb 6, 2017 8:17pm Feb 6, 2017 8:17pm
Quoting Pretoriano
{quote} Emmanuel,I have read all Big E posts and I have a good forex knowledge. I'm learning more things about PA and support/resistence on this thread without using pivot points,this is why I'm here. For example: Why Eur/Gbp daily is sideways? Friday candle has closed over Ema10,do u talking about Monday,Thursday,Wednesday and Thursday candles? Why are u waiting that price close above 0.8657? Weekly chart is bearish? But friday candle has closed on Ema10. Isn't sideways? And why are u waiting PA close above 0.8785?

start with Weekly, it is sideways because the previous week close Inside Bar. 0.7885 is my trigger level to see the PA for potential long term position trades.

then look at Daily, the 20 days price momentum is on the decline although the TDI short term momentum shows green above red. ... this I see a retracement. I wont buy until I see this retracement move up further and break my trigger level 0.8657. Obvious the Daily PA confirm the Weekly IB.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,595
  • Feb 6, 2017 8:22pm Feb 6, 2017 8:22pm
Quoting Pretoriano
{quote} I'm using Ema10,u maybe Ema5 ?

its 5EMA, Typical Price, Shift+3 on my trading chart.

I use the 10EMA, 50EMA and 200EMA on my planning charts to see the where the herd will react.
watch this video :
http://www.forexfactory.com/showthre...90#post9522990
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,596
  • Feb 6, 2017 8:34pm Feb 6, 2017 8:34pm
Quoting anfei1972
{quote} Appreciate your help as always. "But when you use the 5EMA Typical Price, Shift+3 as the Buy or Sell direction like he did, then to jump into the market direction is a matter of when and where you time your entry, know your initial Stop Loss which is your Risk" Just to clarify, it means, using EJ as example, although HTF on D1chat is down trend, I still need to find the good entry point which meets all those conditions of TMS 5, means waiting for bounce on H4 chat then reverse down again, time the entry following the same direction as HTF...
you wont find a H4 bounce setup this week. Look at H4 chart and you will see why.

what about H1? what intraday entry trick do you know?
H1 possible as it goes sideways at BRN 120.00, you need to know a good PASR entry.

now, what about M15 entry?
there is a master candle seen in M15, is this an opportunity?

But after all these, it does not matter becasue on D1 we know the SL is above the previous 2 days high.
using that R which is based on the ATR, do you have the confidence to close your eyes with 1% risk and use Position Sizing.
It is bungee jumping, once you climb up to that ledge, you take the leap.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,597
  • Feb 6, 2017 8:44pm Feb 6, 2017 8:44pm
AUDNZD BEOB setup and H4 trigger ahead of NZ Inflation data.
Zero DD.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD Feb 6 H4 trigger.png Size: 22 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,598
  • Feb 6, 2017 11:44pm Feb 6, 2017 11:44pm
Quoting emmanuel7788
{quote} you wont find a H4 bounce setup this week. Look at H4 chart and you will see why. what about H1? what intraday entry trick do you know? H1 possible as it goes sideways at BRN 120.00, you need to know a good PASR entry. now, what about M15 entry? there is a master candle seen in M15, is this an opportunity? But after all these, it does not matter becasue on D1 we know the SL is above the previous 2 days high. using that R which is based on the ATR, do you have the confidence to close your eyes with 1% risk and use Position Sizing. It is bungee...

Even H4 chat is difficult for me to manage, don't think I have the skill to trade on H1 or even lower TF. I still don't have much knowledge about candle pattern, only know a few.

"But after all these, it does not matter becasue on D1 we know the SL is above the previous 2 days high.
using that R which is based on the ATR, do you have the confidence to close your eyes with 1% risk and use Position Sizing.
It is bungee jumping, once you climb up to that ledge, you take the leap."

If I understand this correctly, entry point for D1 chat trade is less important as long as we apply good money management, we can ride on the trend.

I am still learning the entry set up on demo account, and have not have much practice regarding the position sizing. I guess also the issue is on the mentality side, most of the time we like to see our trade to be in the money right after position being opened.
  • #75,599
  • Feb 7, 2017 1:32am Feb 7, 2017 1:32am
My attempts at TMS as I study the thread...

USDCHF entry @ 0.99408
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  • #75,600
  • Feb 7, 2017 1:41am Feb 7, 2017 1:41am
Quoting SmartKenya
My attempts at TMS as I study the thread... USDCHF entry @ 0.99408 {image}

London session opening soon.
we shall see whether there will be more buyers to move this and breaking the resistance.

Attached Image (click to enlarge)
Click to Enlarge Name: UsdChf H4 smartkenya Feb 7.png Size: 132 KB


I favour buy with SL at 0.9905
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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