Trading Made Simple

Thanks mate

First time for me to post pic on this method , I just opened U/C sell on daily chart . I will be open to any criticize or opinions.... and very sincerely to be grateful for BIG E shared this method although I read this post from last week ... thank all of the people who devote to this method . ( please forgive my poor English )

Look here https://www.forexfactory.com/showthread.php?t=303347

Is it you please Emmanuel, can put you this template for download?
Thank you

It is in Post#193 of that thread:
everything you need is there.

https://www.forexfactory.com/showthr...68#post8753868

please read that thread to learn how that expert advisor work and set it up correctly to your own trading needs.

hello
what is your target for short?

TMS Monitor May 15 GMT1138.
Current H4 will close in 1 hour 20 minutes.

You took that trade on the D1 active candle, did you look at H4?

You are the man. Thanks alot!

Hi friends i hope you are doing well AUD/USD and GBP/AUD look's good to me on daily mode, Emmanuel i need your approvment if you can thanc you very very much.

Worth article to be read from traders here, especialy for us who trade in H4 and daily timeframe:
Let The Market Take You Out Of Your Trade
What is the single biggest reason traders struggle to make money in the markets? Do you think its lack of knowledge or trading skill? Not enough money in their accounts, poor risk management or the wrong trading mindset? Whilst these are all issues that negatively affect traders, in my opinion, the single biggest reason most traders dont succeed, is self-sabotage.
You can take any trader who is struggling on a real account, put them on a demo account and they will almost certainly do much, much better. Why is that? Why is demo trading different than live trading? What do traders do differently on a demo account than a real account?
The answer is simple; they dont self-sabotage on demo accounts, or at least a lot less. On a demo account, you do almost everything right, primarily because there is no emotion because theres no real money being risked. But from my experience, we can boil that down to an even more specific event; the fact that on a demo account, most traders will simply set and forget their trades, much more so than they will on a live account.
So, what does all this have to do with letting the market take you out? Well, when traders exit trades manually, i.e. before their stop loss or target gets hit, most of the time they are sabotaging their trading and hurting their chances of making money. Most of the time, the right thing to do is to simply let the market take you out, or let price hit your stop loss or your target by itself, without you manually closing the trade.
This article will explain my thinking behind when I decide to either let the market take me out or when I decide to intervene
Why You Should Almost Never Manually Close Trades
Ok, here is the first and perhaps most important thing to understand
If you manually close a trade when its against you, you are voluntarily taking a loss. Read that last sentence again, maybe even a third time. Trading is about maximizing your winners so that they offset your losing trades, thats how you make money. Youre going to have losing trades, but you dont need to voluntarily take them, most of the time.
Here is an example: A trader enters a trade on a demo account, it chops sideways for a week, going nowhere. The next week, it rotates down, almost stopping him out for a loss, hes staring at a $2,500 drawdown. Now, here is the key difference; on a demo account that trader FEELS no reason to close out the trade, so he simply leaves it be. He is thinking logically and clearly and he knows if he closes it he is voluntarily taking a loss that might turn around and become a win. The next week that trade starts moving his way and rockets up to hit his profit target at the weeks end. Rather than taking nearly a $3,000 loss, he booked a $6,000 winner by simply waiting, and doing nothing for two weeks.
The moral of that story is that you must give a trade time to work out. Time is a factor that you cant control and the one that gives traders the most trouble. Everyone wants to make money NOW, but the market might have other plans. You might have to sit on your hands for two or three weeks, and can you do that on a live account? That is the question and the problem you have to solve if you ever want to make money as a trader.

1. If a trade doesnt hit your stop loss, then the trade idea is still valid and could still work out for you. It may mean it consolidates for two weeks, and then takes off to be a 5r winner. Dont close it just because its chopping or moving towards your predetermined stop loss.

Examples of letting the market take you out vs. manual exits
Emotions drive traders to exit trades before stop losses or profit targets are hit. The more critical of these two is exiting before a stop loss is hit, or voluntarily taking a loss, because these cost us huge. These trades will often work out just after we manually take the loss
In the chart below, a trader would have been rewarded for not exiting when price neared their stop loss. In these situations, you must remind yourself this is a game of odds, and you give yourself the best odds by sticking with your initial trade plan and letting the trade play out
Full article can been found here:
http://www.learntotradethemarket.com...-of-your-trade

Thanks for the article. A good read for struggling amateurs like myself.

USDCAD doji + MC
Today, not trade

@Emmanuel, can you share TMS monitor? Thank you.

Hi Emmanuel,

UCAD still trending down, anything wrong ??

Hi Emm, and TMS group !!
Maybe something starting happent .. in GBPUSD ... before May's speach .. I cant upload prtscr i watch from my cell phone.

EURJPY Week 20 presses higher... after yesterday breakout of the consolidation.
Do not expect reversal until we see another consolidation. Trade what we see.
Just follow the RN 00 and 50 levels, look at Previous Price Action PPA.

Hi,

H4 looks sideways and there was a Master Candle consolidation and a nice H4 breakout bar/candle.
The price bounce from the BRN 1.3600 when NY session open trading. If there is more selling pressure, it should continue downwards but apparently it did not. Therefore we must always be careful when there is new market session opening and closing especially when the market is not strong trending..

Today update:
Also note that D1 chart also shows a master candle and yesterday D1 candle breakout. This may or may not continue as both the Weekly and Monthly are UP.

comments of your chart below.

only few posts above...

https://www.forexfactory.com/showthr...53#post9866853

Update: HA-APB v1.15

1. Big Numbers (BN) has been updated
   Attached Image (click to enlarge)

   
   

You may now download or ask technical question(s) at the following indicator development journal - FF thread >>> here.