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Trading Made Simple

  • #78,481
  • Apr 5, 2017 12:36am Apr 5, 2017 12:36am
Quoting mazibee
EURAUD trade (SE/SE) at the opening of new candle (broker FXCM 10:00 GMT) Comments / Suggestions will be higly appreciated. Same trade showing PAC and 5EMA+3 {image} {image}
On the sidelines for now, I took the trade on H4 beginning of the week which was good but for now I prefer a daily close above 1,4145 area for a long
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURAUD.H4.png Size: 44 KB
  • #78,482
  • Apr 5, 2017 2:43am Apr 5, 2017 2:43am
Quoting emmanuel7788
{quote} Good idea! I am going to make a new TMS Monitor to include this as feature.....
That's a great idea.. glad for that.
It's in fear when people show what they truly value.
  • #78,483
  • Apr 5, 2017 2:52am Apr 5, 2017 2:52am
Quoting ReverseFlash
Good day Fellow Traders Started reading this thread short time ago, I was really impressed by the simplicity of the method stated by the OP in the first pages, then I jumped to the current pages and I noticed most participants are not trading anymore the way the OP used to do it. I don't mean to be a hater, but does this mean the method as described in the beginning is not profitable? That's why you had to use your own filters. Maybe I'm jumping to conclusions too fast, will keep trying on demo next days. Good luck with your trades.
This method with the indicator's that the OP BigE used is profitable.
https://www.forexfactory.com/showthr...44#post4762544
https://www.forexfactory.com/showthr...82#post4764482
Use the zip file from Dimi.A. The advice he give's follow it.
https://www.forexfactory.com/showthr...91#post8673591
Read BigE full, TDI cross.pdf (paperclip top right)
As to what get posted these days? You would have to ask them.
Simple chart with a few rules from post#647. When post#647 is followed to the letter all trade's placed should go straight in to profit. If not then rules have been incorrectly applied and candle information been interpreted wrong.
Look at this trade. Why is it not in profit?
- Is S/R level at the right level
- Candles small (consolidation)
- Sell close to level 32
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYmicroDaily.png Size: 61 KB
  • #78,484
  • Apr 5, 2017 2:56am Apr 5, 2017 2:56am
Quoting emmanuel7788
{quote} Good idea! I am going to make a new TMS Monitor to include this as feature.....
Then you are going to ask member's to subscribe to you, vote to close this thread to get the indicator.
By the way emm how is the new thread planing going.
  • #78,485
  • Apr 5, 2017 4:09am Apr 5, 2017 4:09am
GBPJPY overview,
why waste time with trading the D1 chart?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Weekly PAC.png Size: 50 KB


Do some chart exercise:
place the Price Action Channel PAC on your UJ, AJ and EJ charts, look at the Weekly and you will see how simple it is to make a sell bias decision this week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,486
  • Edited 4:58am Apr 5, 2017 4:29am | Edited 4:58am
I don't need someone else quote... I have my own here ; )-

While a man think of himself alone as a Lion... a mirror reflects an image of him as a Kitten, lurking and sleeping the rest of the day.
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #78,487
  • Apr 5, 2017 6:19am Apr 5, 2017 6:19am
Quoting emmanuel7788
GBPJPY overview, why waste time with trading the D1 chart? {image} Do some chart exercise: place the Price Action Channel PAC on your UJ, AJ and EJ charts, look at the Weekly and you will see how simple it is to make a sell bias decision this week.
Why do you take in your backtesting the entries sometimes later then price has come out of the PAC? Last Arrow your entry was at the 4 th blue candle but the second blue comes out of the PAC. What was your condition to enter a trade?


regards
  • #78,488
  • Apr 5, 2017 9:06am Apr 5, 2017 9:06am
Pretty straight forward trade. Price had been rejected from the RN (110.500) most of the morning which meant there was some buyers about. Waited for the close outside the PAC to enter with a nice TDI cross on the 50 level with Green, Red and Yellow lines heading in the same direction.. The BRN (111.00) was the biggest challenge but as price did not reverse away from it there was still buyers about. Trade was manged with CaveManager and the first target (200ema) was hit just before the news and CM had moved the rest of the trade to B/E.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 35 KB
Never argue with a fool; onlookers may not be able to tell the difference.
  • #78,489
  • Apr 5, 2017 9:53am Apr 5, 2017 9:53am
Quoting Lookleft
Pretty straight forward trade. Price had been rejected from the RN (110.500) most of the morning which meant there was some buyers about. Waited for the close outside the PAC to enter with a nice TDI cross on the 50 level with Green, Red and Yellow lines heading in the same direction.. The BRN (111.00) was the biggest challenge but as price did not reverse away from it there was still buyers about. Trade was manged with CaveManager and the first target (200ema) was hit just before the news and CM had moved the rest of the trade to B/E. {image}
good trade LL..I took mine when the 4 hour closed as bueb
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY H1 (04-05-2017 1551).png Size: 41 KB
the cautious seldom err....C
  • #78,490
  • Apr 5, 2017 10:28am Apr 5, 2017 10:28am
Quoting Lookleft
Pretty straight forward trade. Price had been rejected from the RN (110.500) most of the morning which meant there was some buyers about. Waited for the close outside the PAC to enter with a nice TDI cross on the 50 level with Green, Red and Yellow lines heading in the same direction.. The BRN (111.00) was the biggest challenge but as price did not reverse away from it there was still buyers about. Trade was manged with CaveManager and the first target (200ema) was hit just before the news and CM had moved the rest of the trade to B/E. {image}
Nice basic logic on the entry
  • #78,491
  • Apr 5, 2017 10:52am Apr 5, 2017 10:52am
4HR Sell NZ US @ .6955
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  • #78,492
  • Apr 5, 2017 11:01am Apr 5, 2017 11:01am
Quoting bob44
4HR Sell NZ US @ .6955 {image}
you are selling close to support...might work out ..GL
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD H4 (04-05-2017 1700).png Size: 40 KB
the cautious seldom err....C
  • #78,493
  • Apr 5, 2017 11:19am Apr 5, 2017 11:19am
Quoting pips29
{quote} you are selling close to support...might work out ..GL {image}
I had my Support at .6968 the 5 day low . Broke down .Solid red line on main chart
  • #78,494
  • Apr 5, 2017 11:41am Apr 5, 2017 11:41am
Quoting bob44
{quote} I had my Support at .6968 the 5 day low . Broke down .Solid red line on main chart
got you..you are playing the break of the recent low...I was just looking left ..GL, anyway
the cautious seldom err....C
  • #78,495
  • Apr 5, 2017 11:49am Apr 5, 2017 11:49am
e/u trade on the 1 hour..taken some profit and at b/e now
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H1 (04-05-2017 1748).png Size: 53 KB
the cautious seldom err....C
  • #78,496
  • Apr 5, 2017 1:21pm Apr 5, 2017 1:21pm
I love trading the geppy...I nearly did not take this trade but the bullish close of the 4 hour candle was too tempting to give it a miss, and so I chased it on the 1 hour time frame...taken 2/3 off and the balance at b/e+...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY H1 (04-05-2017 1916).png Size: 46 KB
the cautious seldom err....C
  • #78,497
  • Apr 5, 2017 4:14pm Apr 5, 2017 4:14pm
Quoting zMinga
{quote} I sold AJ. {image} {image}
Update. Now two positions, slightly in plus.
Was in minus. One can learn a lot, when in minus or in plus
Attached Image (click to enlarge)
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  • #78,498
  • Apr 5, 2017 4:18pm Apr 5, 2017 4:18pm
Quoting zMinga
{quote} My 3 open sell positions were now closed with 0.5 ATR100 win. A new basket has been opened. {image}
Update. Now 2 trades open and in minus. Will Close, when HA Daily changes its Color.
Attached Image (click to enlarge)
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  • #78,499
  • Apr 5, 2017 6:37pm Apr 5, 2017 6:37pm
Quoting Deichkind
{quote} Why do you take in your backtesting the entries sometimes later then price has come out of the PAC? Last Arrow your entry was at the 4 th blue candle but the second blue comes out of the PAC. What was your condition to enter a trade? regards

Hi,

Look at the PASR Price Action and Support / Resistance on both the Monthly and Weekly. Use that for top down analysis and trade planning.
On the Weekly, I do not look at the TDI when planning but using 5-periods PAC is very useful as a filter to look at the market recent volatility.
When the market is trading inside the naroow raneg of the PAC, I would be avoid trading the D1 chart until the price breaks out of the PAC. this is simple high level filter.

Look at that GJ W1 chart, there was a recent down trend and ended in a Master Candle CONSOLIDATION and the HA candles were below the PAC for few weeks.
The first small blue HA enters the PAC and closed inside... No trade but you can drop down to D1 and start looking for reversal.
The second HA closed above the PAC, that is the first sign of positive volatility, you can buy in the lower timeframe e.g. D1 and also H4.
Also note the 2nd W1 HA/bar is also the breakout of the Master Candle.

The Weekly bar/ HA candles 2 and 3 shows higher highs, higher lows and that is good condition to look for when there is resistance seen on the left and we want momentum to break the resistance.
That 4th HA candle is to confirm the new trend and the 'empty space', you 'let profits run' by either adding new positions and or make new entries based on this established trend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,500
  • Apr 5, 2017 6:58pm Apr 5, 2017 6:58pm
Quoting zMinga
{quote} Update. Now two positions, slightly in plus. Was in minus. One can learn a lot, when in minus or in plus {image}

AJ is looking very good after FOMC last night.
Weekly is telling a nice story for sellers.

When we are trading with multiple entries trades, we must learn to accept that some trades will be in floating losses quite often when the market retraces, we do not get nervous about this. In fact we want the market to retrace and /or make corrections during a trend so that we can build up positions with better average entry prices.
What do we do?
we remain focus on the tasks for trading at all times and follow strict discipline to execute those tasks when we check our charts and manage our trades. Check our trades once a day or at most twice a day. Not more, the more frequent we check our charts we tend to become emotionally attach and that is when we will be distracted and lose focus and end up make mistakes.


Note:
your trade manager EA should include tabulating all open trades on your charts and show the instant profit/loss and also the potential profit to the TP levels. This way, seeing the potential is much more encouragement than looking the the floating losses at an instant.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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