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Trading Made Simple

  • #79,401
  • May 2, 2017 2:51pm May 2, 2017 2:51pm
Quoting mizi123
{quote} Did you have any nolage about Divergences bro, because in these method they are very important!? If not chek these topic: http://www.babypips.com/school/high-...eat-sheet.html
Thank you Mizi, I haven't got to that part of Babypips school yet but I am almost there!
  • #79,402
  • May 2, 2017 3:31pm May 2, 2017 3:31pm
Quoting mizi123
{quote} Yes Simba here is hiden bullish divergence (allso price is moving in upside channel), even if i em short because of regular berish divergence (red trendlines) soon i will exit and i will go long {image}
Thanks for pointing me towards divergence. I can now see there was regular divergence before the last drop that you have drawn on with red lines!
  • #79,403
  • May 2, 2017 4:17pm May 2, 2017 4:17pm
Hi TMS traders / Emmanuel,

Comments will be highly apprecited, for my trade opened few minutes ago (FXCM Broker +2 GMT)

NZDJPY Buy trade

Reasons for trade
HA closed above the PAC Channel
TDI above green , red yellow and 50
PAC rising up
Price made HH and HL as compared to previous bar
Current weekly bar is bullish
Weekly TDI green red cross at 32 level

Concerns
Weekly HA candle still inside the PAC
Price still trading within the last weeks range.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY0205.jpg Size: 134 KB
  • #79,404
  • Edited 4:44pm May 2, 2017 4:32pm | Edited 4:44pm
Patterns of divergence for those who still learning, as myself. Squares (red or greens) in each pattern shows its bullish or bearish. Hope it will simplify a bit your learning, if u know how to draw PA and indicator divergence lines.

By the way, divergence patterns recommended not less then on 1 hour patterns.

For those who dont know how to draw, you can learn here: http://www.yourfxguide.com/2014/04/b...l#.WQj9KXu0nIV and on site recommended by our pal Mizi: http://www.babypips.com/school/high-...vergences.html
Attached Image
Resistance is futile. Volatility will be assimilated.
  • #79,405
  • May 3, 2017 1:10am May 3, 2017 1:10am
Quoting emmanuel7788
Trading the D1 chart requires a different set of rules from those whihc Big E traded with H1 and H4. The entry and exit rules for trading the D1 chart are very simple and visual. See my chart example below. Start testing this on your own and use a demo account like Big E said many times. Do forward testing on demo to build confidence. To speed you your demo and forward testing, do it on those eight pairs which Big E traded back in 2008 to 2011. You will find many trades every month. You need DISCIPLINE and check your D1 charts once per day and look...
Hi Emmanuel,

I am trying to repeat your D1 test. I found the result is kind of worse than the table you pasted before. Then I saw the chart you attached here. I manually checked all trades marked and found you marked an area saying that it is consolidation area. However, i marked two entry bars with arrows, which i think it matches the entry rule perfectly.

- moderate style
- close out of PAC

I guess you have some additional rule to filter these 2 trades. Can you help clarify?

muyir
Attached Image (click to enlarge)
Click to Enlarge Name: GU D1.JPG Size: 75 KB
Trade your belief, trade like Emmanuel
  • #79,406
  • Edited 2:11am May 3, 2017 1:44am | Edited 2:11am
Emanuel your opinion needed . Good morning traders AUD/NZD looks like trying to go down on D1 after these interest rate decision today maybe will go well 5-6 clock angle.
Attached Image (click to enlarge)
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  • #79,407
  • May 3, 2017 3:11am May 3, 2017 3:11am
Quoting muyir
{quote} Hi Emmanuel, I am trying to repeat your D1 test. I found the result is kind of worse than the table you pasted before. Then I saw the chart you attached here. I manually checked all trades marked and found you marked an area saying that it is consolidation area. However, i marked two entry bars with arrows, which i think it matches the entry rule perfectly. - moderate style - close out of PAC I guess you have some additional rule to filter these 2 trades. Can you help clarify? muyir {image}

Hi.

That back-testing is 100% mechanical using 3 chart conditions.

read post #78,728 :
https://www.forexfactory.com/showthr...15#post9751315
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,408
  • May 3, 2017 3:17am May 3, 2017 3:17am
Quoting mizi123
Emanuel your opinion needed . Good morning traders AUD/NZD looks like trying to go down on D1 after these interest rate decision today maybe will go well 5-6 clock angle. {image}
We had a D1 Exit signal.
What is stopping anyone for trading the lower TF after a D1 exit?

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD D1 Exit May 2.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,409
  • May 3, 2017 3:59am May 3, 2017 3:59am
USDCHF May 3 trade example:

The D1 candle close right on the PAC Low 0.9926.
I took the trade at Tokyo open.
Today is FOMC during NY session 2 hours after London closing.
If FOMC is pro-USD, this will bring this pair lower but the volatility during that FOMC hour can kill trades with small stop loss.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF week 18 May 3 D1 chart trade.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,410
  • May 3, 2017 4:48am May 3, 2017 4:48am
Hello , guys . Thanks for your great work and sharing of your experience . Can i know the configuration of PAC , and how to create it . I could not find the post with explanation of settings. Thank you very much .happy trading
You attract what you think in any area of life, relationships and trading!
  • #79,411
  • May 3, 2017 5:06am May 3, 2017 5:06am
PAC is a smoothed moving average. Top is 5 period high and lower is 5 period low
  • #79,412
  • Edited 6:00am May 3, 2017 5:17am | Edited 6:00am
Quoting Eushev24
Hello , guys . Thanks for your great work and sharing of your experience . Can i know the configuration of PAC , and how to create it . I could not find the post with explanation of settings. Thank you very much .happy trading

Frequently Asked Question

Read this recent post#79,360
https://www.forexfactory.com/showthr...59#post9812559
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,413
  • May 3, 2017 6:00am May 3, 2017 6:00am
Closing some trades today and my Trade Explorer looks good so far only 3 trading days this week / month.
Starting slow and carefully this week as there is FOMC and NFP this Friday. Also the French elections this weekend, so better be conservative and trade the higher timeframes in the next 3 weeks.
Next week will be full steam and looking for better pairs to trade.

Attached Image (click to enlarge)
Click to Enlarge Name: TE TMSMEME CI500 May 3_2.png Size: 91 KB


Trade Well folks, and Trade Safe always trade with stop loss to preserve your trading capital.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,414
  • May 3, 2017 6:43am May 3, 2017 6:43am
Quoting emmanuel7788
Closing some trades today and my Trade Explorer looks good so far only 3 trading days this week / month. Starting slow and carefully this week as there is FOMC and NFP this Friday. Also the French elections this weekend, so better be conservative and trade the higher timeframes in the next 3 weeks. Next week will be full steam and looking for better pairs to trade. {image} Trade Well folks, and Trade Safe always trade with stop loss to preserve your trading capital.
Hi Emmanuel,

Thank you for sharing your live trades via Trade Explorer. Learning from live trades of someone experienced like you is probably the best way of learning. I constantly monitor your TE to see how you manages your trades while market moves.

May I have a question on your latest AUDUSD sell trades? April 28 D1 candle closed within PAC so I was expecting you close that position but you didn't and then again both May 1 and May 2 D1 candles closed within PAC with HA color change you were still building positions to that trade instead of closing. I think I am misunderstanding something here. Can you please explain? or Were you following weekly bias?

Thanks again for enlightening.

Okoso
  • #79,415
  • May 3, 2017 7:28am May 3, 2017 7:28am
Quoting Simba
GBPAUD H4 Long. TP - 100 pips, SL 100 pips, 0.5% risk {image}
TP of 100 pips hit.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDh4.png Size: 48 KB
Hakuna Matata
  • #79,416
  • May 3, 2017 7:31am May 3, 2017 7:31am
Ditto to the above...

Emmanuel, both you and Davit here on FF are two genius who unselfishly help us understand Forex trading ! I am sure Eelfranz would have so proud of you two !

Thank you so much.

Cudos and Cheers to you !

Sincerely,
- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #79,417
  • May 3, 2017 7:57am May 3, 2017 7:57am
Quoting emmanuel7788
{quote} Frequently Asked Question Read this recent post#79,360 https://www.forexfactory.com/showthr...59#post9812559
Thank you Emmanuel for your answer . I really appreciate the work that you put here . You are great man thanks for helping me . Wish you all the best !!
You attract what you think in any area of life, relationships and trading!
  • #79,418
  • Edited May 4, 2017 6:50am May 3, 2017 8:50am | Edited May 4, 2017 6:50am
Hi TMS traders,

Hope you're all well and still following Big E's original methods successfully.
Here is an early release of the On-chart Floating TDI and Stochastic here.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 95 KB
  • #79,419
  • May 3, 2017 9:16am May 3, 2017 9:16am
My "Game of Thrones" still alive 2150 pips + I see these for the first time in my life
Attached Image (click to enlarge)
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  • #79,420
  • May 3, 2017 11:18am May 3, 2017 11:18am
Updates: Heiken Ashi - APB, TMMA Long, TMMA Short and TMMA Histo

  1. Added Big Round Number ( BRN ) for HA-APB.
  2. Button Menu for HA-APB and TMMA Short & Long indicator.
  3. Show Alerted TFs on pop-up message for TMMA Histo.

You may now download or ask technical question at the following indicator development journal thread here. at FF

Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
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