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Trading Made Simple

  • #76,821
  • Mar 9, 2017 6:39am Mar 9, 2017 6:39am
Hi Emman,

I got a question about H1 trade. When the market is in trend, we can seek opportunity using Price Action happening in SR area. When market is in consolidation/box, how do we judge whether the breakout is good opportunity？ I suppose those reversal price patterns do not apply in this situation, as there is no trend. Also, normally the consolidation happens between 2 SR area. A breakout bar with momentum plus TDI cross?

For eg, how to consider today's EU H1 breakout bar as attached?

Rgds,
muyir
Attached Image (click to enlarge)
Click to Enlarge Name: EU H1.JPG Size: 90 KB
Trade your belief, trade like Emmanuel
  • #76,822
  • Mar 9, 2017 6:47am Mar 9, 2017 6:47am
Quoting firsttimer
{quote} Hi Tekkies, the chart you attached is good example to be notified of a trend change. However, might not be the best exit example. I also dont agree with RickM exit method. Swing low and high are my preferred methods.
My method gives away a lot of pips at the Exit BUT it keeps me in the trend longer due to many fake turns. As long as we are following the Boss Weekly, we have a chance to grow our account quickly. This also gives me time to add addition trades in the run.
I had been using the TDI green crossing the red on the daily as described by Emmanuel for six months and it works fine. My problem is I was getting so fixated on the TDI, I was missing a lot of PA signals telling me where the next movement was actually going. So by removing the TDI from my charts, it has made me LOOK at the candles and the PASR ONE candle at a time. No information overload here.
Trading thin liquidity at the boundary of the charts
  • #76,823
  • Mar 9, 2017 6:53am Mar 9, 2017 6:53am
Quoting muyir
Hi Emman, I got a question about H1 trade. When the market is in trend, we can seek opportunity using Price Action happening in SR area. When market is in consolidation/box, how do we judge whether the breakout is good opportunity？ I suppose those reversal price patterns do not apply in this situation, as there is no trend. Also, normally the consolidation happens between 2 SR area. A breakout bar with momentum plus TDI cross? For eg, how to consider today's EU H1 breakout bar as attached? Rgds, muyir {image}

seriously, do you want to trade EU H1 at that particular time? that is Tokyo sushi time.

you can trade at that hour, but it can only be D1 trade entry and the initial SL is using 2-D1 bar look back.

Price Action, Support and Resistance, etc. trading is the same in every chart timeframe. The same bar patterns can be used.

and when you trade EU, trade after TOK_5H use that in my trade plan.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,824
  • Mar 9, 2017 6:54am Mar 9, 2017 6:54am
Quoting emmanuel7788
{quote} @Tekkies, .................
Spoon fed? Why always assumption's. See no where that a Trading Plan must be explained in detail. Have read those pdf's. What about them? They are only give instruction's how to write a Trading Plan.
BigE had a simply "Trading Plan" which I also use.
Entry = post#647
Exit = green flat, hook, check -mark.
If the need arise to look at past trade's use FF's Trade Explorers or the platform's Account History. Keep it simple.

The proof asked was to give a week's Trading Plan ahead before trading commence. Reason asked is based on the chart's posted, wrote in them.
https://www.forexfactory.com/showthr...77#post9622877
https://www.forexfactory.com/showthr...63#post9622863
Entry,s are all over the trend, Placed at random, Some have huge drawback, One almost wiped all the profit made out, Which of those entry's are deem long term.
Some have one entry and many ending's (partial close or many order's placed at the same time.) If CaveManager is used why did the EA not closed all at the same time. How many of those trade's are ME/ME or SE/SE? Are those random trade's placed in accordance to BPP?
a Very old friend:
https://www.forexfactory.com/showthr...35#post9564235
You use End of Day (EOD) and now it is H1, then 5EMA is all of a sudden good to use. Take entry's on D1 and post them as H1 entry's. You find value in Bollinger Band's.

There is no constancy or structure in what you post Emmanuel and that lead's to confusion.

Not looking for a fight Emmanuel. Despite our difference I do learn from what you post.
Edit: Member's look up to you, don't lead them astray.
  • #76,825
  • Mar 9, 2017 8:02am Mar 9, 2017 8:02am
Did u do this emmanuel?
Attached Image (click to enlarge)
Click to Enlarge Name: tks.PNG Size: 126 KB
  • #76,826
  • Mar 9, 2017 8:46am Mar 9, 2017 8:46am
Quoting luvene
Looks like this, looks like that.............. I read many times....... The lower the timeframe the more "looks like this". Does that make sense? Try it first on the D1 candle on the demo with as less indicators. Only TDI and Price Action HA candles. Forget all others like EMA5, Stochastics, "support and resistance levels". Keep it simple. Of course there are losing trades, I hate that too but you can't avoid that. Sometimes I am in position for 2 weeks, sometimes even for 4 or 5 weeks. Be patient. I know, it's hard but when you are trading on higher...
The true is that when i make decission to take a trade on D1 and after i start check lower time frames ,often i close trade too early,becouse i start panic of the situation on lower TF and after i see that i should stay in the trade on D1 like i planned in the beggining:-)
  • #76,827
  • Mar 9, 2017 9:45am Mar 9, 2017 9:45am
I'm new to this thread, i'm usually pretty good about reading 300 pages, but 3842?
Anyone care to give a reasonable guidline to this strategy?
Also is it something that is still good to use currently?
  • #76,828
  • Mar 9, 2017 9:48am Mar 9, 2017 9:48am
Quote
I'm new to this thread, i'm usually pretty good about reading 300 pages, but 3842?
Anyone care to give a reasonable guidline to this strategy?
Also is it something that is still good to use currently?

use this
Attached File(s)
File Type: ex4 NewsCal-v107 (1).ex4   48 KB | 302 downloads
File Type: ex4 Spread(1).ex4   3 KB | 246 downloads
File Type: ex4 Synergy_APB.ex4   4 KB | 254 downloads
File Type: ex4 Synergy_Pro_TDI.ex4   14 KB | 315 downloads
File Type: ex4 #Daily Range PeterE.ex4   8 KB | 282 downloads
File Type: tpl 1.tpl   26 KB | 298 downloads
File Type: ex4 AWR52 BridgeWater(1).ex4   15 KB | 318 downloads
maintain discipline
  • #76,829
  • Mar 9, 2017 9:53am Mar 9, 2017 9:53am
Quoting faatkumo
I'm new to this thread, i'm usually pretty good about reading 300 pages, but 3842? Anyone care to give a reasonable guidline to this strategy? Also is it something that is still good to use currently?
Hi, faatkumo.
Read this post. This post is a navigation on the thread.

Good Trade.
There is no reason to trade if there is no reason to trade.
  • #76,830
  • Mar 9, 2017 10:26am Mar 9, 2017 10:26am
Quoting Experts123
{quote} use this {file} {file} {file} {file} {file} {file} {file}
YOU ARE AWESOME

How are you fairing with the strategy as a "newbie"?
  • #76,831
  • Mar 9, 2017 10:28am Mar 9, 2017 10:28am
Quote
YOU ARE AWESOME

How are you fairing with the strategy as a "newbie"?
thank buddied
maintain discipline
  • #76,832
  • Mar 9, 2017 10:29am Mar 9, 2017 10:29am
Quoting marionetka
{quote} Hi, faatkumo. Read this post. This post is a navigation on the thread. Good Trade.
THANKS MARIONETKA!


How have you been fairing as a veteran?
  • #76,833
  • Mar 9, 2017 10:53am Mar 9, 2017 10:53am
Quoting emmanuel7788
{quote} yes, great game, great goals. It shows that when you have the team work, different sets of skills, common passion, monster appetite and a huge hunger to want to win, you can make it happen. the same here when we want to win and win big in forex trading. What has this piece Bolero has to do with forex trading? https://www.youtube.com/watch?v=_1J6ZVaaFxA
amazing music
  • #76,834
  • Mar 9, 2017 11:02am Mar 9, 2017 11:02am
Quoting faatkumo
{quote} THANKS MARIONETKA! How have you been fairing as a veteran?
I'm not veteran.
I read a lot of material on the thread and know where you can find important posts.
There are many identical questions. Because in many cases it is much more useful to use the search than to ask immediately.
But if you have a question members answer this.
There is no reason to trade if there is no reason to trade.
  • #76,835
  • Mar 9, 2017 11:49am Mar 9, 2017 11:49am
Quoting luvene
Hi Emmanuel, First, thanks for all the information, replies on all kinds of questions and this over and over again. Great job and lots of respect, I can't tell you how much I am watching this topic now for three weeks, together with the topic of Mehdi, Low risk, stress free. I have read a lot of it and several times. Of course not everything of this topic but the first 30 pages and some important posts you told us. Personally and I am not the only one, almost everybody is going to make it more and more complicated. Because of all the overwhelming...

Hey, this strategy still working for you?
  • #76,836
  • Edited 12:28pm Mar 9, 2017 12:04pm | Edited 12:28pm
Quoting emmanuel7788
Folks, I posted the work by FF member Tipster long time ago. he has new development which you may to try and perhaps use his tools in your trading. It visual trading using lines on your charts, i.e. using MT4 trendlines tool, draw lines where you want to buy/sell, set SL, TP, etc. https://www.forexfactory.com/showthr...74#post9628574
Thanks.. these tools are vital. ... do you know of a diagonal buy/sell stop level? so not horizontal levels, I know those are available, if it's possible.. will post chart ..
It's in fear when people show what they truly value.
  • #76,837
  • Mar 9, 2017 12:08pm Mar 9, 2017 12:08pm
Quoting emmanuel7788
do a search using keyword 'balloon" guess what you will find: https://www.forexfactory.com/showthr...52#post5410652 https://www.forexfactory.com/showthr...73#post6551273
wow your an excellent reader of the market.. but I see no more s1, s2 stuff which is good...
It's in fear when people show what they truly value.
  • #76,838
  • Mar 9, 2017 1:00pm Mar 9, 2017 1:00pm
Quoting RickM
Hi Tekkies, you are trading the H1 so it is not a good example. Have a look at the same chart on H4. I didn't take this trade as I am in the AU. The signal is at the start of the big Candle around 1.2270. We just follow the PA and ride the 5EMA Shift 3. This trade would of still been gaining pips while I am out Fishing. No stress and imagine if I was adding extra trades at 0.5 ADR100, enough pips here to make a good weeks trading. So, still no exit yet and no TDI. {image}

Greetings!

What is the name of the indicator that shows ADR past 10 daysandtodays ADR?
Take what the market gives you.
  • #76,839
  • Mar 9, 2017 1:27pm Mar 9, 2017 1:27pm
Quoting emmanuel7788
{quote} @luvene I agree that the psychology part (the Mind) is the biggest part of trading after the Method, Money Management. The money part i.e. the amount of money the trader is trading with is an important part when it comes to trading psychology. Do you agree with this? What other factors do you know which also affect the psychology when trading? My experience is that regardless of the timeframe I trade, my mental state does not differ. My focus is always on my trade plan and executing those tasks for trading according to my written plan.
Seems like best pairs are the pairs that are trending.

Anyone stay away from certain pairs?

Or which pairs are best?

Can this system be backtested, or just doesn't give a effective result?
  • #76,840
  • Mar 9, 2017 1:29pm Mar 9, 2017 1:29pm
How do we use the 5 Period EMA?

I didn't catch onto the meaning of this line?
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