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Trading Made Simple

  • #76,481
  • Mar 1, 2017 4:56am Mar 1, 2017 4:56am
Quoting emmanuel7788
{quote} Do Not trade D1 because you will not get 3 to 8 candle swing With weekly Doji narrow range candles.
I throught exactly the same way. And not consider further.

Quoting emmanuel7788
{quote} we can trade H4 swing just that we must be prepared to do the turn around when the first direction reverses..
I didn't think about it.

I still have a lot to learn...

Emmanuel, thanks a lot.
There is no reason to trade if there is no reason to trade.
  • #76,482
  • Mar 1, 2017 5:43am Mar 1, 2017 5:43am
Quoting emmanuel7788
{quote} these are what I am using: TDI-RealTime version Post#17,848 APB Indicators : Post#28,535 you can use your MT4 platform's Stochastics (8,3,3) and also one 5EMA, Typical Price, Shift+3. It would help you to a good start and solid foundation if you read all of Big E posts here in Forex Factory. You need to get to know the man, his lifestyle and the way he traded. He passed away in Oct 2012...
Hi Emmanuel,
To assist with MEME in TMS trading, do you know where I can find a trade manager that manages by average entry price for a basket of trades for a specified pair. I don't think the basket manager EA (Baluda / Steve Hopwood), does this?

Also do you know where I can find scripts for easy setup of multiple limits (not stops) for scale in, with position size based on a fixed account percentage split over the limit entries, increasing in lot size the closer to the hard SL that they are?
Thanks in advance
  • #76,483
  • Mar 1, 2017 6:05am Mar 1, 2017 6:05am
Similar Price action as NZDSUD

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  • #76,484
  • Mar 1, 2017 9:40am Mar 1, 2017 9:40am
Check out $USDCHF
Fenix Capital Mgmt Return This Month: na
  • #76,485
  • Edited 12:16pm Mar 1, 2017 10:28am | Edited 12:16pm
Quoting Sesamstrasse
{quote} I have the same " problem " after I closed my company end of 2015. The daily chart is possible to trade for me , because intraday my time is very limited. May be its also a good solition for you ?? Stay tuned Guido
At the moment i trade with smartphone 4H timeframe, but is not the same thing look on a big monitor!

This is my today trade, stop loss now set to BE

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Update: half position closed

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  • #76,486
  • Mar 1, 2017 5:28pm Mar 1, 2017 5:28pm
Thanks a lot Emmanuel.

This is a very important information.

Wrongly I started selling USD CAD this week and look what happened, fortunately I'm just testing on a demo and I cut losses yesterday.

Now I write this in my trading journal.

Quoting emmanuel7788
{quote}With Weekly Doji candles, Do Not trade D1 because you will not get 3 to 8 candle swing With weekly Doji narrow range candles we can trade H4 swing just that we must be prepared to do the turn around when the first direction reverses; Weekly Doji candles we do not trade D1 this week

And thanks Marionetka, this was a very good question.

Quoting marionetka
{quote} Hi, Emmanuel. Very good trades on USD/CAD. Could you tell a little more about it? What I mean. How do you decide to buy? I look a MN chart and see two pin-bars which are below 10 EMA. Market Type is Sideways Narrow Range. Conlcusion: the market is had no direction so I can't built position on Daily.
Vtayha7788 has suspended me and Twee is missing!!!
  • #76,487
  • Mar 1, 2017 5:30pm Mar 1, 2017 5:30pm
Planning to sell more EUR AUD:
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Vtayha7788 has suspended me and Twee is missing!!!
  • #76,488
  • Mar 1, 2017 5:35pm Mar 1, 2017 5:35pm
Quoting Uk1
{quote} Hi Emmanuel, To assist with MEME in TMS trading, do you know where I can find a trade manager that manages by average entry price for a basket of trades for a specified pair. I don't think the basket manager EA (Baluda / Steve Hopwood), does this? Also do you know where I can find scripts for easy setup of multiple limits (not stops) for scale in, with position size based on a fixed account percentage split over the limit entries, increasing in lot size the closer to the hard SL that they are? Thanks in advance
Hi,

I don't think those trade manager EAs designed for basket trading keep track and manages the average entry price of several open positions. Too cumbersome to build into the existing codes.
The work around is to use an indicator to show the average entry price of all open positions.

https://www.forexfactory.com/showthr...60#post6642160


Scripts are available to place both stop and limit orders, and can be customize to include lot size calculation, magic number, order comments, etc. which can be use later for statistics analysis.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,489
  • Mar 1, 2017 5:51pm Mar 1, 2017 5:51pm
Quoting Mt7
Planning to sell more EUR AUD: {image}
I was thinking about sell this pair as well but I didn't. I seems like sill price contain inside narrow range.
Also there is major Resistance. (IMHO) But It's only me thinking this way.

Good luck!!!

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  • #76,490
  • Mar 1, 2017 5:57pm Mar 1, 2017 5:57pm
Practicing analysis using MC in confluence to TDI
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Take what the market gives you.
  • #76,491
  • Mar 1, 2017 6:03pm Mar 1, 2017 6:03pm
USDCAD Week 09 Mar 2 Overview:

Some sign of consolidation in H4. Look carefully at the price momentum for gradual decreasing momentum, - the TDI behaviour when the PL Green goes out of the VB Blue Bands and re-enters, look for big candles and small candles.

Weekly - we must wait and see how this week candle will close.
On D1 trading, there is still room for more upside move but lookout for the short term profit taking which can bring price lower.

A few possible target for longer term traders.

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Good Trading folks,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,492
  • Mar 1, 2017 6:06pm Mar 1, 2017 6:06pm
NZDUSD Analysis with MC breakout with the TDI in confluence.
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Take what the market gives you.
  • #76,493
  • Mar 1, 2017 6:31pm Mar 1, 2017 6:31pm
Quoting Tiggrrr
Practicing analysis using MC in confluence to TDI {image}
Quoting Tiggrrr
NZDUSD Analysis with MC breakout with the TDI in confluence. {image}

Take note that when we look at Master Candles, we consider the High - Low of the price bar ( upper and lower wicks) , not the Open and Close (body).

This is to be consistent with the use of Wide Range Bar WRB study not the wide range body.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,494
  • Mar 1, 2017 11:43pm Mar 1, 2017 11:43pm
Quoting emmanuel7788
{quote} EURGBP no reversal but makes new high. Next levels to watch - 0.8550 and 8575. {image}
EURGBP Mar 2 update:

We see EG pauses at 0.8575 and also the confluence with previous price action PPA in week 07 high and reversal.
This week average trading range is about 185 pips, so I see some more room for further move up to BRN 0.8600 and 0.8625 region.
We do not know if there are real sellers or maybe the short term buyer taking profits which cause the price to pause and pull back a little.

Do Not sell until we see a high probability 5-Method setup.

Be careful how you draw your weekly pivots. Last week' week 08 pivots are only good to see in this week 09 and not to draw your weekly pivots & S/R levels backwards into the chart history. make no sense. Use the price BRN and RN 00, 25, 50, 75 levels to look at historical PPA.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,495
  • Mar 1, 2017 11:55pm Mar 1, 2017 11:55pm
USDJPY Week 09 Mar 2 updat:

no sign of momentum exhaustion yet just a pause at BRN 114.00. I stay on the buyer side with final TP at 114.85, the last swing high in week 07.
Will just manage my last position moving stop by trailing behind the previous candle low on H4.

There is no NFP this Friday although it is the first Friday of this month. NFP is schedule for next Friday Mar 10.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,496
  • Mar 2, 2017 12:41am Mar 2, 2017 12:41am
Quoting inforserve
{quote} I was thinking about sell this pair as well but I didn't. I seems like sill price contain inside narrow range. Also there is major Resistance. (IMHO) But It's only me thinking this way. Good luck!!! {image} {image}
hi infoserve,

I agree with you, I am also waiting for a closing price under the 1.3700 then to look for a continuation setup, will be roundabout 600 Pips free room under it (imho).

regards
  • #76,497
  • Mar 2, 2017 1:06am Mar 2, 2017 1:06am
Quoting Deichkind
{quote} hi infoserve, I agree with you, I am also waiting for a closing price under the 1.3700 then to look for a continuation setup, will be roundabout 600 Pips free room under it (imho). regards

EURAUD will not move until AUDUSD get out of its narrow range trading. We don't know when but we stalk these pairs - EURAUD and GBPAUD.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,498
  • Mar 2, 2017 1:17am Mar 2, 2017 1:17am
NZDUSD Week 09 Mar 2 update:

With market sentiments towards a stronger USD, NU moves lower after yesterday bounce from BRN 0.7100.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,499
  • Mar 2, 2017 3:21am Mar 2, 2017 3:21am
Quoting emmanuel7788
USDCAD Week 09 Mar 2 Overview: Some sign of consolidation in H4. Look carefully at the price momentum for gradual decreasing momentum, - the TDI behaviour when the PL Green goes out of the VB Blue Bands and re-enters, look for big candles and small candles. Weekly - we must wait and see how this week candle will close. On D1 trading, there is still room for more upside move but lookout for the short term profit taking which can bring price lower. A few possible target for longer term traders. {image} Good Trading folks,
Hello Emmanuel,

due to USDCAD D1 : when we have Doji-candles on weekly why we should look at D1 for trading? I'm a little bit confused cecause of a post recently, I think it was post https://www.forexfactory.com/showthr...13#post9612613

regards
  • #76,500
  • Mar 2, 2017 3:31am Mar 2, 2017 3:31am
Quoting colombino
{quote} You are right, just the blue SMA should have period 2, then you will get identical indicator as TDI. For yellow he have to use period 34. And use simple MA insteed EMA. I have build TDI this way on all my charts. Because TDI indicator is pretty slow on my comp, altough I got i5 3,3ghz processor - when I change a timeframe I had alwais wait like half a second, which was really uncomfortable for me. Now my Metatrader is lightning fast.
So, i recreated the TDI for my trading platform using the above method. It looks just like the original TDI. But in mt4, i was using the realtime TDI, which is not repainting (tdi_rt_clone), and i am wondering, is the "diy" version also realtime, or will it repaint?
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