Trading Made Simple

Quoting emmanuel7788

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EURGBP Week 09 big Picture with BN levels Looking at the previous weeks reversal, it happened between 0.8550 and 0.8575. Now the price action is between 0.8525 and 0.8550. Look at the TDI, where the last reversal took place. Can the next reversal happen at the same TDI level? What did Big E said about using the TDI reversal? Pivots users - Do Not draw your weekly pivots backwards into the chart history. Every new week will have new pivots levels calcualted from the previous week' data. But when you look at the previous price action PPA you should...

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Quoting blueman

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Emmanuel, could you share this weekly pivot indicator, and explain how do you use it?. thanks in advance and best wishes

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Quoting emmanuel7788

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{quote} I stopped trading with pivots years ago. There are too many different pivot formulas and different ways to calculate pivots S&R levels which simply means that pivots is not a holy grail. I rely on the plain old Price Bars and Japanese candle which shows me the Open, High, Low and Close which every trader sees the same. How I use the Weekly Fibo pivots, well I look at the market herd behaviour in the lower TF like M30 for example. See all the market noise where the price speculators buy and sell at their whim and fancy. Is that trend trading?...

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Quoting emmanuel7788

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USDCAD Week 09 UCad broke the barrier 1.3200 and we watch out for buyers profit taking but no reversal. Not so easy to reverse this pair. I hold my final TP at 1.3285 with my trailing stop at 1.3190. {image}

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Quoting emmanuel7788

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USDCAD H4 trades closed 270pips. {image} I see 1.3300 still possible but with London market closed, it will depend on the US traders if they want to press higher. If not than it will consolidate with small trading range. We shall see.

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Quoting ensale

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{quote} I am back from holiday's (well sort off back, still in zzz mode) and I am ready to post charts. price action charts round here... I am loving the charts you post here.. very informative.. thanks Emmanuel.. Will pm you this weekend on some things.. lets do good things.

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Quoting Spikeshimbun

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{quote} It's really hit the 1.3285

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Quoting emmanuel7788

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{quote} Hi Davson, Here is my back-test results for UJ using data from Jan to Jun 2016 run using my TMS MEME trade manager. Trades are done manually on D1 chart time frame and managed by the trade manager EA. I did some modifications for a very good friend living in South America so that he can trade with a small account of $500 and with the smallest lot size 0.01 per ME trade. The test results look quite good for a 6 months period. I should be able to run forward testing with a live account next week once I finished clean up some coding. {image}...

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Quoting mokuro89

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Hi emmanuel, you still using 10,5,34,3,1,7 settings on your TDI? do you use the same settings to all timeframes? Thx!

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Quoting brian661

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{quote} For PA, I should look from the normal candle stick or from henki aski?

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Quoting emmanuel7788

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{quote} For Price Action trading, look at the Price Bar not the APB/HA candles. Just set your charts to show Bar chart and Foreground. this will show you the real price with the HA candle is background. {image} the APB/HA has its features which are good for the 5-Method trading. when Big E mention PA, he was referring to the HA candles - body size, wicks and color.

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