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Trading Made Simple

  • #79,721
  • May 16, 2017 7:02am May 16, 2017 7:02am
Quoting emmanuel7788
All you folks who buy EURUSD, EURAUD, EURCAD, EURNZD, EURGBP and EURJPY all make money today.... what a good trading day.
Don't wory be happy emmanuel
  • #79,722
  • May 16, 2017 7:52am May 16, 2017 7:52am
Quoting mizi123
{quote} Don't wory be happy emmanuel
LOL. i don't think he gave the worry impression
It's in fear when people show what they truly value.
  • #79,723
  • May 16, 2017 8:06am May 16, 2017 8:06am
Yes, good day if you are buying EUR.
All these trades were entered near open of a new daily candle this morning. I have been trialling the PAC method along with the TDI set to moderate instead of my normal 5EMA+3. Results over the last 4 weeks have been good, a 12% increase to my balance on this trial account. This result was double my normal account profits.
Why?. The results seem to indicate that the increased profits were due to remaining in the trade a lot longer ( exit on change of colour ) and it has enabled me to let the profits run.
I will need a few months of data of course to get a clearer picture. Trades are still always done with the Big picture in mind.
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Trading thin liquidity at the boundary of the charts
  • #79,724
  • May 16, 2017 8:34am May 16, 2017 8:34am
Quoting emmanuel7788
All you folks who buy EURUSD, EURAUD, EURCAD, EURNZD, EURGBP and EURJPY all make money today.... what a good trading day.
Yes, although I consistently refused to take any long EUR position today despite the signals and I am still trying to figure out why...

The hardest part in trading is giving up old bad habits, revenge trading and leaps of faith against odds. Very much like in life, we spend most of our time fighting our own demons hoping that we succeed before it is too late to enjoy life (and pips)
  • #79,725
  • May 16, 2017 8:39am May 16, 2017 8:39am
ANGLE!
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  • #79,726
  • May 16, 2017 6:28pm May 16, 2017 6:28pm
Quoting Trader MT4
ANGLE!{image}{image}{image}{image}{image}

Good post with good clean charts.

When we look at the ANGLE as mentioned, we must also pay attention to the overall market conditions of those pairs.

A few important market condition to look for:-
1) is there consolidation seen on that chart timeframe you are trading- HA big candles, HA small candles, price bar patterns, etc.
2) did the market failed to make lower lower or higher high and price bounce
3) what are the Round Number 99 and 50 levels at the current price action.
4) where were the recent Previous Price Action PPA seen usi g the HA candles.
5) key support and resistance seen from Big Picture Planning and historical price swing levels of the Monthly charts.
6) what is the Weekly price action direction.

When there is a HA candle changed colour at where the 5EMA (Typical Price, Shift+3) and the ANGLE is 12-2 or 4-6 clock face,
Why don't you consider trading the next lower timeframe like H4 or H1 and get into the market using the first D1 HA candle that closed with changed colour at the 5EMA?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,727
  • May 16, 2017 6:47pm May 16, 2017 6:47pm
Let's see where this ends up?


https://www.forexfactory.com/attachm...1&d=1494978194
Attached Image
  • #79,728
  • May 16, 2017 6:55pm May 16, 2017 6:55pm
Quoting Frank0
Let's see where this ends up? https://www.forexfactory.com/attachm...1&d=1494978194 {image}

first it will take out all the stops 5 to 10 pips below the previous week's low ...

then the market will continue its daily work to fill orders - market orders, limit orders, stop orders, etc. all these orders we don't see being retail traders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,729
  • May 16, 2017 7:01pm May 16, 2017 7:01pm
I have this question for all active TMS traders.

Who uses the price action channel on Weekly and Monthly chart timframes?

like these charts below:

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,730
  • May 16, 2017 8:32pm May 16, 2017 8:32pm
Quoting emmanuel7788
I have this question for all active TMS traders. Who uses the price action channel on Weekly and Monthly chart timframes? like these charts below: {image} {image}
No ... Just use PAC as a condition for MEME setup. When check the trend of W1 or MN, use the PA.
Trade your belief, trade like Emmanuel
  • #79,731
  • May 16, 2017 8:45pm May 16, 2017 8:45pm
EURCAD Week 20:

Will it make a new MN high?
We don't know what the market will do today and tomorrow. So I moved my SL to breakeven (risk free trade) and do the only thing I can do, i.e set my TP at the last spike 1.5280 and WAIT!

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,732
  • May 16, 2017 11:26pm May 16, 2017 11:26pm
Here is my latest TMS D1 trade:
EURAUD buy at 1.4928 (at D1 candle open), S/L: 1.4754, T/P: open
Attached Image (click to enlarge)
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pros: good TDI cross angle, good candle size, weekly and monthly candles show buy (M1 actually has its own TDI cross)
cons: none (that I can see)
neutral: TDI cross over 68 area

Will see how it develops.
  • #79,733
  • May 17, 2017 1:07am May 17, 2017 1:07am
Emmanuel, just a question regarding your TE.

How are you managing this trade? You have more than 5 open positions and I thought 10% drawdown was your maximum.
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Hakuna Matata
  • #79,734
  • May 17, 2017 2:08am May 17, 2017 2:08am
Quoting Simba
Emmanuel, just a question regarding your TE. How are you managing this trade? You have more than 5 open positions and I thought 10% drawdown was your maximum. {image}

I don't have to do anything and let the trade manager does all the work now. It knows when to cut-loss automatically when it happens.
There is no 10% drawdown and don't rely on what you see in Trade Explorer because it shows only one currency pair traded in that account.
I have other trades running in several currency pairs and only USDJPY and USDCAD are in floating drawdown.

Have you seen trades in floating drawdown of more -5000 pips and then market turn around to make +2700 pips?
Learn not to panic. Go do something else like reading favourite book, talk about hobbies, trading psychology, etc. to distract the situation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,735
  • May 17, 2017 3:43am May 17, 2017 3:43am
You folks nothing to do? go read this thread:

"5 years and still no strategy"

https://www.forexfactory.com/showthread.php?t=656830
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,736
  • May 17, 2017 4:10am May 17, 2017 4:10am
Quoting Charleen510
XAUUSD H4 up , Daily chart shows up . There will be some news about USD after 6 hours so will be quit before that . {image}
you made some pips there

post updates
  • #79,737
  • May 17, 2017 5:16am May 17, 2017 5:16am
Update: HA-APB v1.16

  1. Big Numbers (BN) has been updated - Now with optional extended level lines

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You may now download or ask technical question(s) from its FF thread - indicator development journal >>>here.
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #79,738
  • May 17, 2017 5:24am May 17, 2017 5:24am
My opinion in the best way to trade, ive been testing ea and new strategies every month, but after really truly start reading proper material and seing the market has the market is , it really hard to find a ea to make constant money cause the market is organic.
So the mind set is wrong since the start cause doing the right call its hard and requires alot of study.
Making money on a regular base its hard but possible.
Emmanuel i want to say ty for pointing the right direction i will post more often wiht my own strategies .




Take the pips
  • #79,739
  • May 17, 2017 5:24am May 17, 2017 5:24am
Quoting v2vboni
Update: HA-APB v1.16 Big Numbers (BN) has been updated - Now with optional extended level lines {image} You may now download or ask technical question(s) from its FF thread - indicator development journal >>>here.

Good work, it gets better and better ...

next request from me, please make the APB candles to have auto-width. When we zoom +/-, the candle width should be able to change.

like these below.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,740
  • May 17, 2017 5:25am May 17, 2017 5:25am
EURCAD looks like it is on target to make a new MN High ...

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Week 20 new MN high in sight.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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