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Trading Made Simple

  • #78,421
  • Apr 4, 2017 3:40am Apr 4, 2017 3:40am
EURUSD Week 14 D1 chart

This pair now pauses at around 1.0650 and it will move again. When it does, let it take you along.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,422
  • Apr 4, 2017 3:42am Apr 4, 2017 3:42am
Quoting emmanuel7788
USDCAD week 14 Apr 4 D1 trade. PA seen on D1 candles make higher highs, higher lows, - from the support of the low of that big candle and BRN 1.3300 {image}
why not buy lower? the better price is lower with less confirmation but more R.R potential with already favourable conditions for you.. clearly you identified the buyers getting stronger with higher lows at an area where buyers are expected.
It's in fear when people show what they truly value.
  • #78,423
  • Apr 4, 2017 3:51am Apr 4, 2017 3:51am
Quoting emmanuel7788
{quote} Nicely done! I closed one position and re-open new one. My breakeven level is 1.2468 and I eye 1.2368 as my new TP level and plan to exit all positions.
Why didnīt you close all, if I may ask? Is this a way to increase the position size, when the trade runs in your favor?
  • #78,424
  • Apr 4, 2017 3:57am Apr 4, 2017 3:57am
Quoting emmanuel7788
Today April 4, look to sell AJ, UJ and EJ... The TDI is useless on higher TF like Weekly and Monthly when you rely on trading the cross and trade with fix lot size with small stops.
I sold AJ.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: aj.PNG Size: 52 KB
  • #78,425
  • Apr 4, 2017 4:25am Apr 4, 2017 4:25am
Quoting emmanuel7788
EURUSD Week 14 D1 chart This pair now pauses at around 1.0650 and it will move again. When it does, let it take you along.



You must be the hell of a trader. This prediction is fantastic and absolute precise. Especially on a day when ECB news on. I guess every newbie follow your teachings will be making millions.
Newbies be warned of emmanuel7788. Hes not true.
  • #78,426
  • Apr 4, 2017 4:31am Apr 4, 2017 4:31am
Quoting zMinga
{quote} I sold AJ. {image} {image}
Hi, zMinga.
I have similar trade. But enter on H4.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYDaily.png Size: 71 KB

Which Risr/Reward do you have in your position? Does it make sence to enter with negative Risk/Reward?

How do you determine TP? Is it S/R, percent of ADR?
There is no reason to trade if there is no reason to trade.
  • #78,427
  • Apr 4, 2017 4:40am Apr 4, 2017 4:40am
Quoting Malony
{quote} You must be the hell of a trader. This prediction is fantastic and absolute precise. Especially on a day when ECB news on. I guess every newbie follow your teachings will be making millions.
Malony.
This thread is not read by children. We distinguish advice from prediction. You want help newbie. Let's post your charts and comments, rather than caustic remarks.

p.s. don't comment this post. I don't want start new useless attack.
There is no reason to trade if there is no reason to trade.
  • #78,428
  • Apr 4, 2017 6:39am Apr 4, 2017 6:39am
Quoting marionetka
{quote} Hi, zMinga. I have similar trade. But enter on H4. {image} Which Risr/Reward do you have in your position? Does it make sence to enter with negative Risk/Reward? How do you determine TP? Is it S/R, percent of ADR?
Hi marionetka,

this is how I unterstood the meme method.

SL = 2 * ATR100 daily
TP = 0.5 * ATR100 daily

When it runs against you, you open additional positions every 0.5 ATR100. The stop loss is then smaller, so you can increase
the Position and the average entry price gets cheaper and your TP too.
When it runs in your favor, you close all trades and open a new basket.
  • #78,429
  • Apr 4, 2017 6:59am Apr 4, 2017 6:59am
Quoting marionetka
{quote} Malony. This thread is not read by children. We distinguish advice from prediction. You want help newbie. Let's post your charts and comments, rather than caustic remarks. p.s. don't comment this post. I don't want start new useless attack.
marionetka
What advice is in that post? I don't see any.
https://www.forexfactory.com/showthr...28#post9734228
  • #78,430
  • Apr 4, 2017 7:05am Apr 4, 2017 7:05am
Quoting ensale
{quote} why not buy lower? the better price is lower with less confirmation but more R.R potential with already favourable conditions for you.. clearly you identified the buyers getting stronger with higher lows at an area where buyers are expected.
I am rather conservative in trading.
Seeing that 1.3400 was tested twice in past 2 weeks, I waited when the low support held and with the previous 2 days making higher high and higher lows, it was a good to go for me.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,431
  • Apr 4, 2017 7:10am Apr 4, 2017 7:10am
Quoting zMinga
{quote} Why didnt you close all, if I may ask? Is this a way to increase the position size, when the trade runs in your favor?

I could have close all 3 positions and taken profits. But GU is not out f thew woods yet, it is still in ranging mode and not breakout seen yer.
I see GU making lower and taking the best profit positions and with re-entry, I simply take money off the table first and the average entry price for 3 positions has not change.
Re-entry must be done with careful position sizing and taking into consideration the banked-in profits, we can re-invest the profits and build up positions. It is like free trades after we have BE positions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,432
  • Apr 4, 2017 7:14am Apr 4, 2017 7:14am
Quoting Malony
{quote} You must be the hell of a trader. This prediction is fantastic and absolute precise. Especially on a day when ECB news on. I guess every newbie follow your teachings will be making millions.

I merely made an observation what I see on my chart.
There is no prediction where it will go. I did not say buy neither did I say sell.
I expect traders here to look at their own charts and make their own decisions.
This is not a signal service.
If anyone gets a margin call, it is your own fault for not trading with stop loss.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,433
  • Apr 4, 2017 7:21am Apr 4, 2017 7:21am
Quoting zMinga
{quote} Hi marionetka, this is how I unterstood the meme method. SL = 2 * ATR100 daily TP = 0.5 * ATR100 daily When it runs against you, you open additional positions every 0.5 ATR100. The stop loss is then smaller, so you can increase the Position and the average entry price gets cheaper and your TP too. When it runs in your favor, you close all trades and open a new basket.

This is not exactly correct. You have the concept but need to work on and perfect the entries and exits. Take your time with more live demo trading and you will learn. It took me almost 2 years of live demo trading until I got that working in my brain.

You must read up again what is How to Build a Position by Silvani Agustin's book Beat the Forex Dealer.
and Kathy Lien's on Entries and Exits.
Combine these two, and you get ME/ME trading.

Money Management:
Day chart position trading:
Entry and Exits: Post#24,918 Post#18,422 Post#19,617
How to Build a Position: Post#19,588 Post#20,342
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,434
  • Apr 4, 2017 7:27am Apr 4, 2017 7:27am
Quoting emmanuel7788
{quote} I am rather conservative in trading. Seeing that 1.3400 was tested twice in past 2 weeks, I waited when the low support held and with the previous 2 days making higher high and higher lows, it was a good to go for me.
Ok thanks for the insight.. passive entry or to be aggressive is a dilemma faced many times.. Defining the conditions helps and thus your rewarded with a nice run on it now.
It's in fear when people show what they truly value.
  • #78,435
  • Apr 4, 2017 7:47am Apr 4, 2017 7:47am
Quoting Tekkies
{quote} marionetka What advice is in that post? I don't see any. https://www.forexfactory.com/showthr...28#post9734228
Advise is pay attention on EURUSD.
There is no reason to trade if there is no reason to trade.
  • #78,436
  • Apr 4, 2017 7:59am Apr 4, 2017 7:59am
Quoting emmanuel7788
{quote} I merely made an observation what I see on my chart. There is no prediction where it will go. I did not say buy neither did I say sell. I expect traders here to look at their own charts and make their own decisions. This is not a signal service. If anyone gets a margin call, it is your own fault for not trading with stop loss.

So you saying take care the E/U will go up or down. Great. Again me dont want any signals from you. But an experienced trader like you claim to be, can share his thougts BEFORE something will happen. Nobody should trade this live. If you cant predict price more often than you wrong, than one should quit trading thats the whole game.

I guess you have no clue. And another guess, you never wanted to open a thread by you own, but said the opposite. What should one think about you? Yes you can draw some nice charts and link other peoples stuff.

You giving lots of advice,cunfusion, killing a thread, but missing the real deal. Thats what looks strange.


Here my view(im no expert) so dont even think about trading it live... e/u will go up to 1.0700 something after ECB settled
Newbies be warned of emmanuel7788. Hes not true.
  • #78,437
  • Apr 4, 2017 8:05am Apr 4, 2017 8:05am
Quoting Malony
{quote} So you saying take care the E/U will go up or down. Great. Again me dont want any signals from you. But an experienced trader like you claim to be, can share his thougts BEFORE something will happen. Nobody should trade this live. If you cant predict price more often than you wrong, than one should quit trading thats the whole game. I guess you have no clue. And another guess, you never wanted to open a thread by you own, but said the opposite. What should one think about you? Yes you can draw some nice charts and link other peoples stuff....
Noone can predict the markets, it's all about probabilities.
If there is too much info and confusion for you maybe you are not ready to understand it, if so just ignore these posts and pay attention to what make your trading better. Posts with charts and explanation about PA and MM are not "killing a thread", posts with nothing but complaining are
  • #78,438
  • Apr 4, 2017 8:21am Apr 4, 2017 8:21am
Quoting zMinga
{quote} Hi marionetka, this is how I unterstood the meme method. SL = 2 * ATR100 daily TP = 0.5 * ATR100 daily When it runs against you, you open additional positions every 0.5 ATR100. The stop loss is then smaller, so you can increase the Position and the average entry price gets cheaper and your TP too. When it runs in your favor, you close all trades and open a new basket.
Thanks zMinga. I undersood your attitude. You have the opportunity to enter three more times and increase your TP.

But when price runs it your favor, you close trade and open new trade. Do you use SL = 2*ADR or SL = previous sl from previous basket or SL= High Swing?
There is no reason to trade if there is no reason to trade.
  • #78,439
  • Apr 4, 2017 8:26am Apr 4, 2017 8:26am
Quoting mokuro89
{quote} If there is too much info and confusion for you maybe you are not ready to understand it, if so just ignore these posts and pay attention to what make your trading better....

Maybe you are right. I dont understand it. So i shut up, the original TMS-Thread is dead and its too late. Last thing i want is to confuse somebody or stop from learning. So good luck to the new TMS traders with advice from emmanuel7788. You will need it. Peace
Newbies be warned of emmanuel7788. Hes not true.
  • #78,440
  • Apr 4, 2017 8:30am Apr 4, 2017 8:30am
GU buy entry... TDI hooking up, ogling a TDI cross ; )-
...price respected Asian session low
Attached Image (click to enlarge)
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
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