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Trading Made Simple

  • #76,681
  • Mar 7, 2017 12:12am Mar 7, 2017 12:12am
Quoting emmanuel7788;9633723Remember this post when you look for H4 trades. [URL
https://www.forexfactory.com/showthread.php?p=9496224#post9496224[/url] It is one of the ten(10) skills you must have.
Hi Emmanuel,

this graphic I've pinned in front of my screen For D1 position trading you look monthly/weekly/daily ? And of Course have a look on COT, I use this link to look at COT-Charts :
https://www.barchart.com/futures/commitment-of-traders

regards
  • #76,682
  • Mar 7, 2017 12:53am Mar 7, 2017 12:53am
Quoting emmanuel7788
For those of you who are Position trading on the D1 chart timeframe and having longer term view, you need to have a bit more information about the markets. Spend some time and learn how to use the COT report data. Start learning here: click Link Warning: If you suffer from information overload, Do No click that Link. Use those COT information to help you decide your long term trades if they are in synergy with...
HaHaHa
Nice one emmanuel. Information overload is a problem. The overload come when the information is in conflict with each other. How do you decide what information to keep and work with. Useing indicator XYZ and information say indicator ABC is beter. The same here in TMS. How many TDI indicators are there. Which one is the right one?
Tekkies say stick with BigE(TMS), - Emmanuel say think beyond TMS
------------------------
This is not TMS
Exsample only
End Of Day(EOD) or D1
What is the diffrance between EOD and D1?
When does the market close. One say New York, One say Asian start, one say Sidney open or do you stick with broker time when broker update D1 or are you prepared to use a alarm at midnight your time to get D1 entry spot on. What do you do when D1 start at the same time that you must leave for work or els you are going to be late. (use pending order?). Which market and which hour inside D1 is the best time to pick the direction.
----------------------
Eish, I hate information overload.
(thanks for the link)
  • #76,683
  • Mar 7, 2017 1:24am Mar 7, 2017 1:24am
Hi Folks,

Anyone here have problem with Day chart trading because you are not sure what your start of day for the Day candle to open?

I have solution for you.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,684
  • Mar 7, 2017 1:25am Mar 7, 2017 1:25am
Quoting okoso
{quote} Hi Emmanuel, My H4 candle closes in about 50 minutes and I am looking EA to short. On W1, PA is below 10EMA and which was resistance on Monday high in confluence with BRN 1.4. Yesterday we had a spinning top, indecision which we can see on H4 as consolidation with MC3. Now PA is well below MC3 low and trading below BRN 1.39. The risk I see is we have a resistance turn support just below 1.39, but I can see this can be broken. Thanks for your comments. Okoso {image}
For EA, it tends to trend down for all of March (historically). Below are avg over past 3, 5, and 7 yrs:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 372 KB


1.39 is confluence of W and M pivots, so it will likely bounce. Below 1.39 its a short for sure. ;-)

EZ
  • #76,685
  • Mar 7, 2017 1:54am Mar 7, 2017 1:54am
Information Overload
Despite our difference in using TMS credit must be given to emmanuel for information overload. It force you to think and be open minded to other possibility's.
BigE said do not add anything more, fine tune it to suit you. post#285
Learning now how to use D1 based on this "terribly" wrong post by emmanuel
https://www.forexfactory.com/showthr...35#post9564235
Reading this post: https://www.forexfactory.com/showthr...66#post9548366 made me think that there is a lot of fine tune to be done on what BigE left unsaid:
Are the previous candles small...
Look at the candles on the last reversal... big, little, what
What does it mean when a candle is small, big?
What does it mean when there is no wick at top and long wick's at bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: XM MT4.png Size: 82 KB
  • #76,686
  • Mar 7, 2017 1:59am Mar 7, 2017 1:59am
Quoting emmanuel7788
Hi Folks, Anyone here have problem with Day chart trading because you are not sure what your start of day for the Day candle to open? I have solution for you. Trade Well.
As said before, trade only on the Daily Candle. Keep it simple, only TDI and HA candles, nothing more. No complicated things like S/R, EMA5 shift or whatever, no stochastics, no Multiple Entries, Fibofuckingnacci and whatever some people adding, oh my God..... please forget this crap.

When you take an (demo) account at FXCM and you use USD as your currency you will have automatically the D1 candle close at 5.00 PM EST. This is the same Sydney opens. When you do this you have always 5 Daily Candles for one week. It's much better and less confusing. This thread never ends about repeating over and over again the same principles and things some members will tell you what to do. Use your own common sense and when you want to spend less time behind your monitor, trade only on the Daily. It will open your eyes. Almost everybody makes it far too complicated, it's human nature.
Keep it simple without too many crappy indicators!
  • #76,687
  • Mar 7, 2017 2:12am Mar 7, 2017 2:12am
Quoting Tekkies
Information Overload Despite our difference in using TMS credit must be given to emmanuel for information overload. It force you to think and be open minded to other possibility's. BigE said do not add anything more, fine tune it to suit you. post#285 Learning now how to use D1 based on this "terribly" wrong post by emmanuel https://www.forexfactory.com/showthr...35#post9564235 Reading this post: https://www.forexfactory.com/showthr...66#post9548366 made me think that there is a lot of fine tune to be...
I dont understand. what is terribly wrong ?
  • #76,688
  • Mar 7, 2017 2:14am Mar 7, 2017 2:14am
Quoting ezcurrency
{quote} For EA, it tends to trend down for all of March (historically). Below are avg over past 3, 5, and 7 yrs: {image} 1.39 is confluence of W and M pivots, so it will likely bounce. Below 1.39 its a short for sure. ;-) EZ
Hi ezcurrency,

could you share where we could find this type of charts? I find it very useful and would invest some time to know more

thanks in advance!
  • #76,689
  • Mar 7, 2017 2:18am Mar 7, 2017 2:18am
Quoting suirad0
{quote} Hi ezcurrency, could you share where we could find this type of charts? I find it very useful and would invest some time to know more thanks in advance!
I did the analysis myself in R. Click on my name and search old posts and you will find the zip file for all pairs with the same analysis. ;-)

EZ
  • #76,690
  • Mar 7, 2017 2:20am Mar 7, 2017 2:20am
GBPJPY Mar 7 H1 trade FO candle with H4 Inside Bar breakout.

Trade management using THV CaveManager CM. No need to monitor your trades and charts. Let CM do all the work for you.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Mar 7 H1 trade FO candle.png Size: 78 KB


There are 24 H1 candles in one day. Just pick any hour of the day and trade. Keep it Simple.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,691
  • Mar 7, 2017 2:24am Mar 7, 2017 2:24am
Quoting Deichkind
{quote} Hi Emmanuel, this graphic I've pinned in front of my screen For D1 position trading you look monthly/weekly/daily ? And of Course have a look on COT, I use this link to look at COT-Charts : https://www.barchart.com/futures/commitment-of-traders regards
You want an indicator on your trading charts to remind you of the pre-checklist? LOL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,692
  • Mar 7, 2017 2:32am Mar 7, 2017 2:32am
Folks,

Lots of market noise as usual.
Just concentrate on your own trading. Learn to ignore the market noise and focus on performing your tasks for trading.
If you have a problem, I am here to help you. I have solutions to offer and it is up to you to accept or reject my offer.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,693
  • Mar 7, 2017 2:33am Mar 7, 2017 2:33am
Looking at to buy USDCAD and sell AUDUSD ... H1
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,694
  • Mar 7, 2017 2:39am Mar 7, 2017 2:39am
Quoting bistolis
{quote} I dont understand. what is terribly wrong ?
Look at the chart posted bistolis.
Will give you a hint.
All those trade's are taken against the trend. What are the rules in post#647.
Now why or how come those trade's worked out for emm?
Did he used a Crystalball or something else?
  • #76,695
  • Mar 7, 2017 2:41am Mar 7, 2017 2:41am
2 trades this morning

Put 2 trades at close of 30m bar on GJ and GU short both at 08:00 CET
1.5 : 1R ratio

GU
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 60 KB


GJ
Attached Image (click to enlarge)
Click to Enlarge Name: Image3.png Size: 69 KB


late entries? yes on 30m
  • #76,696
  • Mar 7, 2017 2:42am Mar 7, 2017 2:42am
Quoting luvene
{quote}As said before, trade only on the Daily Candle. Keep it simple, only TDI and HA candles, nothing more. No complicated things like S/R, EMA5 shift or whatever, no stochastics, no Multiple Entries, Fibofuckingnacci and whatever some people adding, oh my God..... please forget this crap. When you take an (demo) account at FXCM and you use USD as your currency you will have automatically the D1 candle close at 5.00 PM EST. This is the same Sydney opens. When you do this you have always 5 Daily Candles for one week. It's much better and...

@Luvene,

Have you taken any D1 chart trades this week? or maybe some trades done last week , wins and losses does not matter.

Please share with us and show us your trade entries.

I am sure many people reading this thread would like to learn from you and they may have questions to ask. So please help help them.

Thank you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,697
  • Mar 7, 2017 2:44am Mar 7, 2017 2:44am
Quoting Tekkies
{quote} Look at the chart posted bistolis. Will give you a hint. All those trade's are taken against the trend. What are the rules in post#647. Now why or how come those trade's worked out for emm? Did he used a Crystalball or something else?

same shit Tekkies is repeating.

already explained that chart and trades and he is trying very very hard to discredit me.

I have a crystal ball like all hindsight traders who post their trades after the event.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,698
  • Mar 7, 2017 3:08am Mar 7, 2017 3:08am
Quoting bistolis
2 trades this morning Put 2 trades at close of 30m bar on GJ and GU short both at 08:00 CET 1.5 : 1R ratio GU {image} GJ {image} late entries? yes on 30m

both good trades....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,699
  • Mar 7, 2017 3:15am Mar 7, 2017 3:15am
Quoting emmanuel7788
{quote} @Luvene, Have you taken any D1 chart trades this week? or maybe some trades done last week , wins and losses does not matter. Please share with us and show us your trade entries. I am sure many people reading this thread would like to learn from you and they may have questions to ask. So please help help them. Thank you.
At your service, Yes, I did, yesterday on the EURUSD. Don't forget, it can be a position for many days!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_0603.png Size: 82 KB
Keep it simple without too many crappy indicators!
  • #76,700
  • Mar 7, 2017 3:24am Mar 7, 2017 3:24am
Hi Luvene
Quote
Yes, I did, yesterday on the EURUSD.

You've got a really neat template!

What is the name of the indicator in the left corner (dashboard)? Can you let me know where I can download it? Thanks!
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