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Trading Made Simple

  • #80,081
  • Jun 1, 2017 8:53pm Jun 1, 2017 8:53pm
Quoting emmanuel7788
{quote} My POMO of EURAUD H1 May 31. The low of the Day May 31 was set by the Asian session low. Basic rule of Big E trading is ... avoid trading market consolidation (Post#647). This basic rule applies when trading in all timeframes. {image}
An eye opening to me , thanks for adding to my experience
I Have Learned to Take Some Losses to Make Profits
  • #80,082
  • Jun 1, 2017 9:48pm Jun 1, 2017 9:48pm
EURAUD June 2 H1 preview to London Open

Today on D1 chart we have a strong buy setup but with price at BRN 1.5200 and that H4 WRB consolidation range, we can trade H1 and possibly take a buy trade before the H4 WRB breakout. Wait for Frankurt Open and look at the FO and LO bars/candles.

Or place a blind order trade - buy stop at 1.5200, SL 1.5100 and TP 1.5300.

If you use % risk and do your Position Sizing, this is R:R 1:1 trade. Simple, no need to look at charts every hour. Place orders, walk away.


Attached Image (click to enlarge)
Click to Enlarge Name: EURUAD Week 22 June 2 H1 preview to LO.png Size: 59 KB



Good trading, trade safe always use a SL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,083
  • Jun 2, 2017 2:13am Jun 2, 2017 2:13am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-05-31 at 11.07.57 AM.png Size: 78 KB



My first trade using this system. +$1000

I'd like to note that I have studied the TDI indicator and it's very important to make sure you go long when the red and green line are ABOVE the 50 line.....and only go short when the red and green line are BELOW the 50 line. Yes, you will miss some big moves coming from severe overbought or oversold levels but you will have way less losing trades this way.
  • #80,084
  • Jun 2, 2017 3:00am Jun 2, 2017 3:00am
Quoting fxrabbi
EURAUD(D1) +58.1pips Happy trading, Yomi {image}
Nice trade..
How´s your experience to trade the Daily with entering and exit´s in the same day ?

My observation is; after a bullish priceaction and a good gain in the first 1-2 days the price goes often more ´sideways before it retraces/or makes a next move.

Really intresting to catch some and leave the table with filled pockets.

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #80,085
  • Jun 2, 2017 3:22am Jun 2, 2017 3:22am
Quoting emmanuel7788
EURAUD June 2 H1 preview to London Open Today on D1 chart we have a strong buy setup but with price at BRN 1.5200 and that H4 WRB consolidation range, we can trade H1 and possibly take a buy trade before the H4 WRB breakout. Wait for Frankurt Open and look at the FO and LO bars/candles. Or place a blind order trade - buy stop at 1.5200, SL 1.5100 and TP 1.5300. If you use % risk and do your Position Sizing, this is R:R 1:1 trade. Simple, no need to look at charts every hour. Place orders, walk away. {image} Good trading, trade safe always use a...

LO candle was a good setup. What was that H1 Price Action setup?

Now Buy EP 1.5200 triggered.
SL 1.5100
TP 1.5300
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,086
  • Jun 2, 2017 3:26am Jun 2, 2017 3:26am
Quoting TheScorpS
{quote} LO opened with double tops so I expected a retracement at least so no longs at LO, then an hour later where u asking why I didint take long there ? There was a trend line resistance that formed after LO opened, I waited LO to set the low of the day with 2nd / 3rd hourly candles forming double bottom aka Tweezers Bottom, at that stage I was ready to go long as soon as PA broke that trend line Regards
HI TSS , thank you for this complete answer.
  • #80,087
  • Jun 2, 2017 3:35am Jun 2, 2017 3:35am
Question from my PM box... Why is buy at 1.5200 good?

look at this H1 chart below and see the D1 candle in background. We are trading the CONTINUATION on D1 chart.

Do you agree with me this is high probability trading and not wild guessing that the PA will reverse at R61 and R100 of Weekly Pivot?

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD June 2 H1 buy 15200 Day Open.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,088
  • Edited 8:38am Jun 2, 2017 4:52am | Edited 8:38am
Quoting Sesamstrasse
{quote} Nice trade.. Hows your experience to trade the Daily with entering and exits in the same day ? My observation is; after a bullish priceaction and a good gain in the first 1-2 days the price goes often more sideways before it retraces/or makes a next move. Really intresting to catch some and leave the table with filled pockets. Stay tuned Guido

I have always and will always be a day trader, irrespective of the timeframe I'm trading from. Being a trend trader I normally get my trend direction from the Daily and what I then do is to buy each retrace/dip or sell each retrace/rally from H4, I do this until the last retrace becomes trend change which is the one trade you lose on anyway. I like to close my trade(s) on daily basis by following the price action on H4.

I also key-in into your observation as well.



Happy trading,
Yomi.
Time always comes before price
  • #80,089
  • Jun 2, 2017 5:51pm Jun 2, 2017 5:51pm
Quoting TheScorpS
EA trades today , +106 pips after LO set the low of the day {image}
Hi. What indicator you used to show the +number of pips on your chart?
Play the hand you were dealt.
  • #80,090
  • Jun 3, 2017 4:29am Jun 3, 2017 4:29am
Quoting emmanuel7788
{quote} LO candle was a good setup. What was that H1 Price Action setup? Now Buy EP 1.5200 triggered. SL 1.5100 TP 1.5300

This EURAUD D1 trade did not run well and in small floating loss.

But the Friday D1 bar closed an Inside Bar so this is opportunity for next week trading to catch the IB breakout.

If you look at the Weekly and Monthly beware of false breakout on the D1. This is why I always have a Plan A and a Plan B.

Trade Well,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,091
  • Jun 3, 2017 4:35am Jun 3, 2017 4:35am
Hello all together
here is an update for the sovereign Trade-Panel.
changes the buttons x-buy and x-sell. now close here only MArketorders, before was also the Pending closing.
'


and here a new Video for learn how to use it.Hello all together
here is an update for the sovereign Trade-Panel.
changes the buttons x-buy and x-sell. now close here only MArketorders, before was also the Pending closing.
'
Attached File(s)
File Type: ex4 SovereignPanel.ex4   354 KB | 414 downloads

Attached File(s)
File Type: pdf Sovereign TradePanel2017 usermanual english.pdf   694 KB | 629 downloads

and here a new Video for learn how to use it.
Inserted Video



feel free for contact the programmer if you have some questions or new Ideas
  • #80,092
  • Jun 3, 2017 5:04am Jun 3, 2017 5:04am
Emmanuel, is this a popgun pattern and how do you trade this formation? Some moons ago I got to hear about this pattern from you but I have not learned how to trade it? tq
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYDaily.png Size: 39 KB
the cautious seldom err....C
  • #80,093
  • Jun 3, 2017 6:54am Jun 3, 2017 6:54am
Quoting pips29
Emmanuel, is this a popgun pattern and how do you trade this formation? Some moons ago I got to hear about this pattern from you but I have not learned how to trade it? tq {image}
Hi,

That is a Pop Gun pattern.
But the market on D1 chart looks pretty much sideways. However, looking at the HA PA and TDI, I favour a sell.
usually when a Pop Gun appears during a trending move and the breakout is in the direction of the trend is the higher probability.

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY Week 23 Jun 5 Pop Gun trade.png Size: 65 KB



See example of AUDUSD Pop Gun below.
Trading wth TMS, I would pick the HA price action with the PAC and the TDI.

Attached Image (click to enlarge)
Click to Enlarge Name: Pop Gun example AUDUSD D1.png Size: 76 KB


Doing POMO on CADJPY, the sell setup was Wednesday candle close and entry would have been on Thursday. However Thursday was a small pullback and consolidation ahead of the Friday data release. With ME/ME, we would have 2 open positions and now in profits.
See chart below:

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY 10 years Backtest.png Size: 66 KB


Note: The win rate for this pair is only 46% to 47% trading the D1 chart using 100% mechanical entry/exit with HA candles with the PAC and TDI. But the 10 years back-test is overall profitable.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,094
  • Jun 3, 2017 6:56am Jun 3, 2017 6:56am
Quoting pips29
Emmanuel, is this a popgun pattern and how do you trade this formation? Some moons ago I got to hear about this pattern from you but I have not learned how to trade it? tq {image}

Here 2 old posts on Pop Gun:

https://www.forexfactory.com/showthr...95#post6779095

the other in LE1 M15 thread:

https://www.forexfactory.com/showthr...11#post6182711
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,095
  • Jun 3, 2017 9:32am Jun 3, 2017 9:32am
Quoting emmanuel7788
{quote} Hi, That is a Pop Gun pattern. But the market on D1 chart looks pretty much sideways. However, looking at the HA PA and TDI, I favour a sell. usually when a Pop Gun appears during a trending move and the breakout is in the direction of the trend is the higher probability. {image} See example of AUDUSD Pop Gun below. Trading wth TMS, I would pick the HA price action with the PAC and the TDI. {image} Doing POMO on CADJPY, the sell setup was Wednesday candle close and entry would have been on Thursday. However Thursday was a small pullback...
Thank you very much for your quick reply. Let's see if the win rate can be increased using the 15 min.tf. I will definitely give it a go and I favor sell too .
the cautious seldom err....C
  • #80,096
  • Jun 4, 2017 7:43pm Jun 4, 2017 7:43pm
Quoting emmanuel7788
{quote} XAUDUSD Week 22 May 30 update: Traders are hungry after yesterday' non-trading days in the UK and US. Today open bullish rally. {image} Longer term targets 1283 and 1293, can take days to reach those levels and it won't be one single line rally, it can be choppy days..
XAUUSD Week 23 June 5 to 9:

Last week it struggled near that resistance and only with Friday' NFP did it managed to break higher.
Now we have those target levels - 1283 and 1293 in sight.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Week 23 June 5 targets.png Size: 62 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,097
  • Jun 4, 2017 7:46pm Jun 4, 2017 7:46pm
Quoting pips29
{quote} Thank you very much for your quick reply. Let's see if the win rate can be increased using the 15 min.tf. I will definitely give it a go and I favor sell too .
CADJPY Week 23 June 5 to 9

possible targets - 81.30 and 80.70 on D1 chart.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,098
  • Jun 4, 2017 8:34pm Jun 4, 2017 8:34pm
Attached Image (click to enlarge)
Click to Enlarge Name: A Elder quote1.png Size: 410 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,099
  • Jun 4, 2017 11:02pm Jun 4, 2017 11:02pm
Quoting emmanuel7788
{quote} XAUUSD Week 23 June 5 to 9: Last week it struggled near that resistance and only with Friday' NFP did it managed to break higher. Now we have those target levels - 1283 and 1293 in sight. {image}
Hi Emmanuel,

Thank you for your update on XAUUSD. I also have similar view on this pair for this week.

This week, I picked USDJPY to go short with MEME. PA is still within the Weekly WRB and we have strong confluence of support around BRN 110.0, monthly historical level and low of that WRB.

But I took my decision because PA is below Weekly and Daily 10 EMA, we have W1 TMS set up, the Last Friday closed BEEB offering another daily TMS set up and also with last Friday NFP data not favoring USD at all. All these should be strong enough for PA to break that support I thought.

I am also still keeping my long positions on EURNZD, with average entry price at 1.5840.

Thanks for your help.

Okoso

Edit: Sorry can not post the chart on UJ as I am not at PC.
  • #80,100
  • Jun 5, 2017 3:18am Jun 5, 2017 3:18am
Quoting emmanuel7788
{quote} Hi, That is a Pop Gun pattern. But the market on D1 chart looks pretty much sideways. However, looking at the HA PA and TDI, I favour a sell. usually when a Pop Gun appears during a trending move and the breakout is in the direction of the trend is the higher probability. {image} See example of AUDUSD Pop Gun below. Trading wth TMS, I would pick the HA price action with the PAC and the TDI. {image} Doing POMO on CADJPY, the sell setup was Wednesday candle close and entry would have been on Thursday. However Thursday was a small pullback...
Please , could you remind me what "POMO" means because I forgot it and sometimes I am stooped by your acronyms ?
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