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Trading Made Simple

  • #75,901
  • Edited 1:29pm Feb 14, 2017 12:21pm | Edited 1:29pm
I might just have put the sl to tight :/ just have to see where the price goes this night.

in hindsite it might have been better to let the first run until the tdi signal exit. However i had to go away from my computer for a while and put a little to tight tp on there.

I like the simplicity of this system. the simplicity/win ratio is great
  • #75,902
  • Feb 14, 2017 5:39pm Feb 14, 2017 5:39pm
Quoting Pretoriano
{quote} Are u talking about daily-h4-h1...I'm talking about Weekly-daily-h4. But h1 not was a dangerous chart for trading? Many fake signal etc etc ?

Yes, I was referring to you post and reply .. that is only looking top down from Weekly, Daily, H4... that is what I do at the start of every new week and new day.

Trading H1 has its risks and is dangerous therefore requires very good chartist skills and must be good at price action trading.

Learn from this EURUSD example below.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 07 H1 Feb 14 POMO.png Size: 78 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,903
  • Feb 14, 2017 5:46pm Feb 14, 2017 5:46pm
Quoting emmanuel7788
{quote} Yes, I was referring to you post and reply .. that is only looking top down from Weekly, Daily, H4... that is what I do at the start of every new week and new day. Trading H1 has its risks and is dangerous therefore requires very good chartist skills and must be good at price action trading. Learn from this EURUSD example below. EURUSD Week 07 H1 Feb 14 POMO.png;2187099 {image}
Are you using a 5EMA instead of the APB channel? So if it closes below or above the 5ema, will that be a confirmation for your trade?
  • #75,904
  • Feb 14, 2017 5:52pm Feb 14, 2017 5:52pm
Quoting emmanuel7788
{quote} Yes, I was referring to you post and reply .. that is only looking top down from Weekly, Daily, H4... that is what I do at the start of every new week and new day. Trading H1 has its risks and is dangerous therefore requires very good chartist skills and must be good at price action trading. Learn from this EURUSD example below. EURUSD Week 07 H1 Feb 14 POMO.png;2187099 {image}
What's the update with the lounge? when do we all meet for coffee and have good trading chat.. ? would love to join by end of month break..
It's in fear when people show what they truly value.
  • #75,905
  • Feb 14, 2017 6:11pm Feb 14, 2017 6:11pm
Quoting fcaldas
{quote} Are you using a 5EMA instead of the APB channel? So if it closes below or above the 5ema, will that be a confirmation for your trade?

You can use both the 5EMA and the old PAC 5SMMA High-Low.

Read this old post by Big E and what he said about using the PAC.

http://www.forexfactory.com/showthre...49#post3320949

old chart below with 5EMA and PAC,

you can have both the aggressive entry and also the conservative entry. Why not use the PAC to add further positions so long as you see the PA above the PAC?
Attached Image (click to enlarge)
Click to Enlarge Name: PAC with 5EMA.png Size: 228 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,906
  • Feb 14, 2017 6:13pm Feb 14, 2017 6:13pm
Quoting ensale
{quote} What's the update with the lounge? when do we all meet for coffee and have good trading chat.. ? would love to join by end of month break..

I need time to sort out a few things at my end. Time schedule is a big factor and also the restriction in the Members Lounge need to be clarified.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,907
  • Feb 14, 2017 6:39pm Feb 14, 2017 6:39pm
Emmanuel,you said that with a 6 cross there are,on average,5 trade every week. I imagine that u are talking about Daily-h4 for trend and h1 for entry,right?

Because,from last monday,following only Weekly-Daily for trend and h4 for entry,I never seen yet a good trade on 25 pairs. (I do not consider cross on Weekly ranging obviously)

How many trades there are if I follow only Weekly-Daily for trend and H4 for entry in one month? I imagine very few.

If I seek H1 for entries,following H4-Daily for trend is better,right?

I want to try this method but I can't find trades :-)

ps: How to live in Melbourne? It's my city dream, Vancouver BC too...

Thanks,have a nice day
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,908
  • Feb 14, 2017 7:05pm Feb 14, 2017 7:05pm
Quoting Pretoriano
Emmanuel,you said that with a 6 cross there are,on average,5 trade every week. I imagine that u are talking about Daily-h4 for trend and h1 for entry,right? Because,from last monday,following only Weekly-Daily for trend and h4 for entry,I never seen yet a good trade on 25 pairs. (I do not consider cross on Weekly ranging obviously) How many trades there are if I follow only Weekly-Daily for trend and H4 for entry in one month? I imagine very few. If I seek H1 for entries,following H4-Daily for trend is better,right? I want to try this method but...

If you only look at those Big E' 8 pairs - AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF, USDJPY,, EURJPY and, GBPJPY, you will find 5 good trades each week on H4.

You don't need to look at 25 pairs. That is too many even for the most experienced traders and most of the pairs are either correlated or inverse-correlated. Unless of course there are a few exceptional traders... with the right trading tools can do it.

The problem I see is that people only look for TDI cross, angle, bounce for trades. You wont find many when you use the wrong TDI and wrong settings.
You will miss many CONTINUATION trades with proper entry and exits, .. at minimum every one entry must have two exits.

Look at the price action of the Price Bars and the APB/HA of three timeframes and not just looking at one timeframe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,909
  • Feb 14, 2017 8:36pm Feb 14, 2017 8:36pm
Quoting emmanuel7788
{quote} If you only look at those Big E' 8 pairs - AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF, USDJPY,, EURJPY and, GBPJPY, you will find 5 good trades each week on H4. You don't need to look at 25 pairs. That is too many even for the most experienced traders and most of the pairs are either correlated or inverse-correlated. Unless of course there are a few exceptional traders... with the right trading tools can do it. The problem I see is that people only look for TDI cross, angle, bounce for trades. You wont find many when you use the wrong TDI and...
Hi Emmanuel,

Yesterday, AUDJPY D1 managed to close across MN swing level and also above the most recent D1 swing high and we have now a nice "empty space" to the next MN level at 88.93. I failed to take entry on lower time frame at better price but I took long on D1 targeting to 88.93. I may be late on D1 entry but I took this trade as a continuation trade.

Thanks for your comments,

Okoso
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYWeekly15.02.17.png Size: 45 KB
  • #75,910
  • Feb 14, 2017 9:49pm Feb 14, 2017 9:49pm
Quoting emmanuel7788
{quote} If you only look at those Big E' 8 pairs - AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF, USDJPY,, EURJPY and, GBPJPY, you will find 5 good trades each week on H4. You don't need to look at 25 pairs. That is too many even for the most experienced traders and most of the pairs are either correlated or inverse-correlated. Unless of course there are a few exceptional traders... with the right trading tools can do it. The problem I see is that people only look for TDI cross, angle, bounce for trades. You wont find many when you use the wrong TDI and...

Hi Emmanuel,

Can you pls explain a bit further about

"The problem I see is that people only look for TDI cross, angle, bounce for trades. You wont find many when you use the wrong TDI and wrong settings.
You will miss many CONTINUATION trades with proper entry and exits, .. at minimum every one entry must have two exits."

cause probably that is what happened to me, I don't seem to be able to pick up many trades by just looking at classic set up, not sure if my settings was wrong.
And for CONTINUATION trades with proper entry and exits, can you please talk a bit more?

Thanks as always.

Fei
  • #75,911
  • Feb 14, 2017 9:55pm Feb 14, 2017 9:55pm
Quoting okoso
{quote} Hi Emmanuel, Yesterday, AUDJPY D1 managed to close across MN swing level and also above the most recent D1 swing high and we have now a nice "empty space" to the next MN level at 88.93. I failed to take entry on lower time frame at better price but I took long on D1 targeting to 88.93. I may be late on D1 entry but I took this trade as a continuation trade. Thanks for your comments, Okoso {image}
AUDJPY still in bullish channel
Risk comes from not knowing what you're doing.
  • #75,912
  • Feb 14, 2017 11:25pm Feb 14, 2017 11:25pm
Quoting dragonexpert
{quote} AUDJPY still in bullish channel

Yup... bullish Aussie.

and many traders building shorts in AJ, AN, since early last week are accumulating heavy drawdowns in their accounts.
if Aussie doesn't start making a major correction, these sellers will face margin call or they can cut their losses soon. some will avoid margin call by top up their account deposits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,913
  • Feb 14, 2017 11:56pm Feb 14, 2017 11:56pm
Quoting okoso
{quote} Hi Emmanuel, Yesterday, AUDJPY D1 managed to close across MN swing level and also above the most recent D1 swing high and we have now a nice "empty space" to the next MN level at 88.93. I failed to take entry on lower time frame at better price but I took long on D1 targeting to 88.93. I may be late on D1 entry but I took this trade as a continuation trade. Thanks for your comments, Okoso {image}

89.00 is tough level to break above and stay above.

we shall see in the coming days and week, what happens.
our job as traders is to protect all the downside of our trades and let the market decide the upside.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,914
  • Feb 15, 2017 12:26am Feb 15, 2017 12:26am
Quoting emmanuel7788
{quote} You can use both the 5EMA and the old PAC 5SMMA High-Low. Read this old post by Big E and what he said about using the PAC. http://www.forexfactory.com/showthre...49#post3320949 old chart below with 5EMA and PAC, you can have both the aggressive entry and also the conservative entry. Why not use the PAC to add further positions so long as you see the PA above the PAC? {image}
You have PAC 5SMMA High-Low? Please share
  • #75,915
  • Feb 15, 2017 2:51am Feb 15, 2017 2:51am
Quoting okoso
{quote} Hi Emmanuel, Yesterday, AUDJPY D1 managed to close across MN swing level and also above the most recent D1 swing high and we have now a nice "empty space" to the next MN level at 88.93. I failed to take entry on lower time frame at better price but I took long on D1 targeting to 88.93. I may be late on D1 entry but I took this trade as a continuation trade. Thanks for your comments, Okoso {image}
What is that indicator that shows direction of all timeframes?
  • #75,916
  • Feb 15, 2017 4:13am Feb 15, 2017 4:13am
Hello people,

GBPUSD showed me a SETUP Entry for a short on H4 and H1 AND D1 SHowed same direction which is a bearish momentum, even there is a support it broke. Very proud of this catch so far since im still learning for 2 weeks now.

Thanks for all the great help so far from Tekkies and emmanuel7788. And all others.
Attached Image (click to enlarge)
Click to Enlarge Name: danielvandaag.png Size: 53 KB
  • #75,917
  • Feb 15, 2017 4:40am Feb 15, 2017 4:40am
Quoting emmanuel7788
{quote} If you only look at those Big E' 8 pairs - AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF, USDJPY,, EURJPY and, GBPJPY, you will find 5 good trades each week on H4. You don't need to look at 25 pairs. That is too many even for the most experienced traders and most of the pairs are either correlated or inverse-correlated. Unless of course there are a few exceptional traders... with the right trading tools can do it. The problem I see is that people only look for TDI cross, angle, bounce for trades. You wont find many when you use the wrong TDI and...

hi emmanuel,

which tdi do you recommend for h4?
there are so many these days, ..i've never really understood all the differances
  • #75,918
  • Feb 15, 2017 5:09am Feb 15, 2017 5:09am
Quoting emmanuel7788
{quote} I need time to sort out a few things at my end. Time schedule is a big factor and also the restriction in the Members Lounge need to be clarified.
We need to set a smart target on this one.. Let's see if we can ask twee and clarify...
It's in fear when people show what they truly value.
  • #75,919
  • Feb 15, 2017 5:35am Feb 15, 2017 5:35am
Quoting emmanuel7788
Today' London Open for EURUSD and NZDUSD should be easy decision for which direction to pick. EURUSD Feb 14 H1 LO.png;2186015 NZDUSD Feb 14 H1 LO.png;2186017 {image} {image}
Hello...What ma is the dash line on EU?...Thank You in advance....
  • #75,920
  • Feb 15, 2017 5:39am Feb 15, 2017 5:39am
Quoting kain775
{quote} hi emmanuel, which tdi do you recommend for h4? there are so many these days, ..i've never really understood all the differances

my safest recommendation is to get rid of all TDI found here in FF.

use the Fozzy-RSI instead and set the RSI data to RSI (10) period 10 , Typical Price. The Price Line PL Green Line should be 3EMA of that RSI data and the Trade Signal Line TSL Red line to 7SMA of the RSI data.

you use the same for all timeframes you want to trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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