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Trading Made Simple

  • #76,381
  • Feb 26, 2017 3:31am Feb 26, 2017 3:31am
Quoting Sesamstrasse
Hi @ all.. ....about 70 green in EA H4 ... TP was the 50 Ema what is my own interpretation how to see a good exit in this case . Single entry, single exit ..working on a plan for MeMe ... under construction ;-) Have a nice weekend Guido {image}

Good trade.

With your trading experience, you don't need to long construction time for ME/ME trading. Look at this trade you did, you can scale-in candle by candle using the profits banked-in once you get a free trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,382
  • Feb 26, 2017 3:59am Feb 26, 2017 3:59am
Quoting Sesamstrasse
.. Guido {image}

Hi Guido,

I read one post that you have question about this old EURUSD post 75954
http://www.forexfactory.com/showthre...36#post9564636

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 06 and 07.png Size: 83 KB


Questions is: Did Big E check his lower timeframe when he trade?
Answer: Yes, sometimes he did. Other times he did not. That is his discretion. Read his post#3797 in the old thread where the 5-Method started.
Let me know what you think of his post 3797.
Did he check lower TF, why and what did he look for in lower TF.

What do I look at in lower TF is quite different from Big E.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,383
  • Feb 26, 2017 4:03am Feb 26, 2017 4:03am
If I can give my two cents worth, I find the 5 EMA Shift 3 the core indicator of this trading method. I prefer to trade with PASR using raw candles and will take a trade only after it crosses the 5 EMA Shift 3. The trade must be in the direction of the weekly candle provided the weekly is trending. Lastly I look at the TDI to confirm momentum is strong before I take a position. At this stage I remove the TDI from my charts and just trade naked only using a move back across the 5 EMA Shift 3 as at exit strategy. We need to remember the TDI is only about momentum, not direction. The 5EMA will keep us in a trade where my goal is to let the Day chart run several hundred pips, if possible.
Trading thin liquidity at the boundary of the charts
  • #76,384
  • Edited 5:34am Feb 26, 2017 4:59am | Edited 5:34am
Quoting RickM
If I can give my two cents worth, I find the 5 EMA Shift 3 the core indicator of this trading method. I prefer to trade with PASR using raw candles and will take a trade only after it crosses the 5 EMA Shift 3. The trade must be in the direction of the weekly candle provided the weekly is trending. Lastly I look at the TDI to confirm momentum is strong before I take a position. At this stage I remove the TDI from my charts and just trade naked only using a move back across the 5 EMA Shift 3 as at exit strategy. We need to remember the TDI is only...
(This is not TMS)
Rick
Have removed Heiken Ashi (HA), that was easy for I have found that HA sort of absorb true price action. Does not reflect what is really going on in the market. Google and you will find that most image that discuss candle's are using candle bar and not HA (depends how the search is done).
Snarlyjack, bistolis and other's have removed stoch and are doing good. I on the other side find it difficult to remove stoch.
You and emmanual say that 5EMA is top's. I removed 5EMA and is starting to get somewhere. You removed TDI and use 5EMA in away that work's great for you. No small time frame's and only one indicator.
There are only 4 indicator's in TMS. TDI, HA, 5EMA, Stoch. All four have been removed by members in this thread at one stage or the other. Which leave the "Raw Candle" as the only saviour.

Will it not be better to get rid of all indicator's and trade sole on the information that candle's reflecting about the market.
  • #76,385
  • Feb 26, 2017 6:16am Feb 26, 2017 6:16am
Quoting Tekkies
{quote} Will it not be better to get rid of all indicator's and trade sole on the information that candle's reflecting about the market.
Hi Tekkies

Then we are into S&R and Price Action. It will be nice

Arabier
  • #76,386
  • Feb 26, 2017 6:48am Feb 26, 2017 6:48am
Quoting emmanuel7788
{quote} Hi TMS Folks, Sorry that I did not post when I started a new ME/ME basket on Feb 23. After closing the last basket on Feb 22, I waited till the next day to start a new basket. Took some profits as EJ fell the last few days. I have one open position now floating profit 40pips and wait for NY Sunday to open and manage that trade. I have profit lock set at minimum 25pips, and if there is any pullback which trigger a TDI M15 cross up, that trade will close. The I will consider to re-open a new trade and start a new basket all over again until...
Hi Emmanuel,

Thank you for sharing your trade chart on EJ. Looking at your chart, I would love to have few questions.

1. Isn't that a trade invalidation when you had TDI cross on 10 Feb, and later on 14 Feb, PA closed above 5 EMA? If you answer this question with "no" then "trade invalidation" is not simple TDI cross and also PA closing above/below 5EMA, but it is actually a AAA+ set up in the opposite direction to your initial trade. Correct?

2. Assuming the above is not a "trade invalidation" then why didn't you built some more positions when during that retracement?

Thank you for your help.

Okoso
  • #76,387
  • Feb 26, 2017 7:11am Feb 26, 2017 7:11am
Quoting emmanuel7788
{quote}{quote} EURAUD - can trade both d1 and H4 EURNZD - only H4, trade both ways. EURCAD - stand-by. Note: I have added new pairs to my original 16-pairs. Now I have 19 forex pairs in 5 Groups. Starting 2017, I only pick one pairs from each group to trade D1 chart. Previously I pick 5 pairs from 4 groups. See below: XAUUSD I trade EOD with my stocks portfolio. {image}
Hi Emmanuel,

I have one question here. I think grouping the pairs you trade and picking only one pair from each group is a good strategy to diversify. But I still see you have AUD in every one of your 5 groups, EUR in 4 of them and USD, GBP in 3. My question is if it is ok for you to pick 5 AUD related pairs or do you also have some restriction to avoid concentration?

Thank you,

Okoso
  • #76,388
  • Feb 26, 2017 8:04am Feb 26, 2017 8:04am
Quoting okoso
{quote} Hi Emmanuel, I have one question here. I think grouping the pairs you trade and picking only one pair from each group is a good strategy to diversify. But I still see you have AUD in every one of your 5 groups, EUR in 4 of them and USD, GBP in 3. My question is if it is ok for you to pick 5 AUD related pairs or do you also have some restriction to avoid concentration? Thank you, Okoso

Hi ,

From the 5 groups, I start by picking only one pair from each group based on the big picture top down analysis.
Should avoid picking pairs that have the same currency denominator unless there are good reasons for that.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,389
  • Feb 26, 2017 8:11am Feb 26, 2017 8:11am
Quoting okoso
{quote} Hi Emmanuel, Thank you for sharing your trade chart on EJ. Looking at your chart, I would love to have few questions. 1. Isn't that a trade invalidation when you had TDI cross on 10 Feb, and later on 14 Feb, PA closed above 5 EMA? If you answer this question with "no" then "trade invalidation" is not simple TDI cross and also PA closing above/below 5EMA, but it is actually a AAA+ set up in the opposite direction to your initial trade. Correct? 2. Assuming the above is not a "trade invalidation" then why didn't you built some more positions...

Hi,

1) That 10Feb TDI cross is not a reversal and also the 14Feb PA clsoe above 5EMA is not a valid long signal.
Yes, you are correct to say that simple TDI cross and Pa above/below 5EMA is not trade invalidation. When we trade the market type conditions, the trade invalidation is not about TDI cross and PA with the 5EMA. The big picture is in the weekly chart TF.

2) Details of the trade lots size in the old post. First entry was 4.96 standard lots, scale-out 1.25, 1.21 and 2.5 lots. Second entry was 1.25lots.
I could have divided the initial 4.96 lost into 5 smaller trades but I did not.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,390
  • Feb 26, 2017 8:17am Feb 26, 2017 8:17am
Quoting RickM
If I can give my two cents worth, I find the 5 EMA Shift 3 the core indicator of this trading method. I prefer to trade with PASR using raw candles and will take a trade only after it crosses the 5 EMA Shift 3. The trade must be in the direction of the weekly candle provided the weekly is trending. Lastly I look at the TDI to confirm momentum is strong before I take a position. At this stage I remove the TDI from my charts and just trade naked only using a move back across the 5 EMA Shift 3 as at exit strategy. We need to remember the TDI is only...

I LIKE.

When Price Action crosses 5EMA, Typical Price, Shift+3 and closes, that is the set up candle. The entry is on the 2nd candle when it is of the same colour. This works on all timeframes.

PA is PA no matter what some people say here.

That's the 5-Method. So simple, no need for all the ongoing aberrations in this thread. We don't need all the aggravations.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,391
  • Feb 26, 2017 8:19am Feb 26, 2017 8:19am
Quoting Arabier
{quote} Hi Tekkies Then we are into S&R and Price Action. It will be nice Arabier

@Arabier,

Progress to PA+S/R is good but only when one acquire the knowledge and trading experience.
Can be done. I have done it so can many traders here.
Keep working at it.

Trade Well,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,392
  • Feb 26, 2017 12:08pm Feb 26, 2017 12:08pm
Sorry for the mess in the jpg.

these are my choices for next week
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.jpeg Size: 348 KB

AUDUSD
EURCAD
EURNZD
EURJPY
GBPJPY
  • #76,393
  • Feb 26, 2017 4:50pm Feb 26, 2017 4:50pm
Good morning Folks,


It a brand new day and a new week.
We have 2 trading days this week till month close.
Then a new MN candle opens.

Trading the month end is always a challenge but that what we as traders do, we face new challenges everyday.
Therefore we must condition our brains to survive in this business. It is mental fitness that will keep us going and going.
Think of the mental strategies which you will need to stay in this business.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,394
  • Feb 26, 2017 5:38pm Feb 26, 2017 5:38pm
EURGBP Week 09 Feb 27:
Nice early morning move when you least expected.

How do we trade the RSI(TDI) Overbought and Oversold levels?

Here is one of many ways explained in this pdf attached.

Read it, study it, make own notes of what you understood of it. remember there are 10 things you must know to be trade proficiently.
Attached File(s)
File Type: pdf Trade the RSI Overbought and Oversold regions.pdf   125 KB | 1,271 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,395
  • Feb 26, 2017 5:45pm Feb 26, 2017 5:45pm
TDI gives false signals

here is an example:

Attached Image (click to enlarge)
Click to Enlarge Name: TDI false signal.png Size: 53 KB


Rule 101 : Do Not trade CONSOLIDATION
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,396
  • Feb 26, 2017 7:03pm Feb 26, 2017 7:03pm
Quoting emmanuel7788
To all GOLD traders: we saw a bearish day on Feb9 and took out all the buyers using the previous 2-days low trailing stops, but yesterday the 10EMA did the support to defend longer term buyers. next week 07 still favour buyers. 1249 is still my slightly longer target on my radar. {image}
XAUUSD Week 09 outlook:

After a few days of slow movement, previous targets reached and now its will face some challenges to move higher.



Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Week 09 Feb 27.png Size: 64 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,397
  • Feb 26, 2017 7:04pm Feb 26, 2017 7:04pm
Quoting emmanuel7788
{quote} .. 1249 is good I 'll follow you along.
Hi Emmanuel,

Last week, gold hit the target 1249. Being impatient/inexperienced or whatever, I couldn't keep my long position till last week so no pips for me. Now I see the next target at 1283.

Quite ambitious?

Okoso
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDaily27.02.17.png Size: 48 KB
  • #76,398
  • Feb 26, 2017 7:08pm Feb 26, 2017 7:08pm
Quoting emmanuel7788
{quote} XAUUSD Week 09 outlook: After a few days of slow movement, previous targets reached and now its will face some challenges to move higher. {image}
Thanks Emmanuel,

Your answer came even before I put my question. You are a fast man.

Okoso
  • #76,399
  • Feb 26, 2017 7:42pm Feb 26, 2017 7:42pm
Quoting okoso
{quote} Thanks Emmanuel, Your answer came even before I put my question. You are a fast man. Okoso

well, take a long shot from now onwards ... target 1350 in 2017 but before that, the AB=CD leg must complete first.

Buy the lows, or the pro traders will say, buy the dips.
Always listen to the market and world events.
Which country has the largest stock pile of gold and foreign current reserves?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,400
  • Feb 26, 2017 7:54pm Feb 26, 2017 7:54pm
EURUSD Feb 27 D1 Pin Bar

If you trade Pin Bar, here is one D1 Pin Bar last Friday. Today we look for sell using the 5-Method.

When do you sell?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 09 Feb 27 H1 D Pin Bar.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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