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Trading Made Simple

  • #80,121
  • Edited 2:48pm Jun 6, 2017 9:16am | Edited 2:48pm
Quoting emmanuel7788
{quote} first target 81.30 reached. now aiming for 80.70 {image}
Hi Emm.
Your picture shows me your MEME is much more difficult than mine.
May I ask how many orders you have on these CADJ 82xxx to lets say 81.50 ??

Looks like 15-25 orders.


In our smal group we still have ONE problem we haven t any good answer for:

" End of trend".. we build too many orders by retracing until we find out the trend isn t valid anymore.
THIS costs the profits of all gains we made on the run the trend. .. so its a changing demomoney.. but not what were looking for.

Any Idea to avoid these scenarios?
Lets say " after 50% of weekly ATR we stop placing new orders or so ??

Thx

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #80,122
  • Jun 6, 2017 9:41am Jun 6, 2017 9:41am
Quoting emmanuel7788
{quote} NZDUSD Week 23 June 6 trades: Kept some trades from last week and scale-in new ones this week. Now gunning for BRN 0.7200 to TP. {image}
Hi Emmanuel. I have read the thread until more than halfway. I see on your picture that it appears that you are now using the complete TDI strategy including the bands on both the APB and the TDI indicator at the bottom. Where in the thread can I download this complete strategy. I have also subscribed to Compass FX to read more on TDI and it does seem to be simple if applied correctly. Am a newbie to the core, but will get there.
  • #80,123
  • Jun 6, 2017 10:01am Jun 6, 2017 10:01am
Quoting emmanuel7788
{quote} XAUUSD Week 23 June 6: both targets 1283 and 1293 hit, 1293 is today' high but not close yet. next target is 1300 to close a gap??? 2016.11.04 {image}
Hi Emmanuel,

I've also had some good trades on XAUUSD. Here is the chart.

Thank you,

Okoso
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH406.06.17.png Size: 46 KB
  • #80,124
  • Jun 6, 2017 6:29pm Jun 6, 2017 6:29pm
Quoting emmanuel7788
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? {image}

Hi everybody, can someone tell me how do I get daily candles on background please. Thanks to everybody here sharing knowledge.
  • #80,125
  • Jun 6, 2017 6:46pm Jun 6, 2017 6:46pm
Is this a good chose.
1.PAC down;
2.under the PAC;
3.TDI separate.
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  • #80,126
  • Jun 7, 2017 2:11am Jun 7, 2017 2:11am
NU 1Hr.
Attached Image (click to enlarge)
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Play the hand you were dealt.
  • #80,127
  • Jun 7, 2017 2:19am Jun 7, 2017 2:19am
EA 1Hr Target hit
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-06-07 (2).png Size: 96 KB
Play the hand you were dealt.
  • #80,128
  • Jun 7, 2017 5:01am Jun 7, 2017 5:01am
Quoting emmanuel7788
{quote} NZDUSD Week 23 June 6 trades: Kept some trades from last week and scale-in new ones this week. Now gunning for BRN 0.7200 to TP. {image}
NZDUSD Week 23 June 7 update:

Took some profits yesterday and will move SL for all positions to below today low once I see a higher high for today.
Seeing target around 0.7250 to close all positions.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 23 June 7 update.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,129
  • Jun 7, 2017 10:05am Jun 7, 2017 10:05am
Hello everyone would like to just introduce myself, been following this system for about 1 month now with some losses and some success. Hopefully over the next couple of months I can learn some more and turn those losses into winners.
Thanks for all your help
  • #80,130
  • Jun 7, 2017 12:42pm Jun 7, 2017 12:42pm
Quoting emmanuel7788
{quote} NZDUSD Week 23 June 7 update: Took some profits yesterday and will move SL for all positions to below today low once I see a higher high for today. Seeing target around 0.7250 to close all positions. {image}
EPIC
  • #80,131
  • Jun 7, 2017 5:00pm Jun 7, 2017 5:00pm
New to this style and FF but seems to fit me.
pbnjm"The worst lie you can ever tell is the one you tell yourself"
  • #80,132
  • Jun 7, 2017 5:17pm Jun 7, 2017 5:17pm
EJ 4hr Target hit for +178 pips

Entry
Attached Image (click to enlarge)
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Exit
Attached Image (click to enlarge)
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Play the hand you were dealt.
  • #80,133
  • Edited 8:17pm Jun 7, 2017 6:59pm | Edited 8:17pm
Quoting Sesamstrasse
{quote} Hi Emm. Your picture shows me your MEME is much more difficult than mine. May I ask how many orders you have on these CADJ 82xxx to lets say 81.50 ?? Looks like 15-25 orders. In our smal group we still have ONE problem we haven t any good answer for: " End of trend".. we build too many orders by retracing until we find out the trend isn t valid anymore. THIS costs the profits of all gains we made on the run the trend. .. so its a changing demomoney.. but not what were looking for. Any Idea to avoid these scenarios? Lets say " after...

regarding your question "End of Trend", do you have a currency pair example?
it would be better if I explain using a particular currency pair using charts.

there is a trend in every different timeframe.

price move in waves or what some call price swings.

each swing will end when it fails to make HH HL or LL LH but the HTF may still show HH HL or LH LL

Edit:

added chart below.
Weekly bar chart of EURAUD.

- look at each bar and see if there is HH HL, LH LL.
- remember what a Swing Low is and what we use to identify a swing low.
- a Swing Low is the bottom of a price swing and then we need to look for a new trend.

Attached Image (click to enlarge)
Click to Enlarge Name: Trend start confirm and end.png Size: 39 KB


Read about Swing High / Swing Low [click]
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,134
  • Jun 7, 2017 8:09pm Jun 7, 2017 8:09pm
GBPUSD Week 23 June 8 Elections Day

GU breaking higher out of that MN WRB High.
Will it stay above?

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,135
  • Jun 7, 2017 9:45pm Jun 7, 2017 9:45pm
Trading is not science but an art. To an artist, he sees what he visualizes in his mind.
Just like in trading, there is a trend in every different timeframe. If you pick a trend and hold on to your trades until it turns around around in your trend favour, you most often lock up you trading capital in floating losses/drawdown until your picked trend goes back in your favour. How long can your trading account sustain the drawdown period and the depth of the 'counter-trend' against your picked trend?

Pick your dominant Primary trend carefully and trade in the direction of your dominant trend. Minimise your drawdown and the period of your drawdown. If you are financing your forex trading with money from your day job salary, then make your hard-earned money work harder for your.

Attached Image (click to enlarge)
Click to Enlarge Name: Market_trends and picking tops and bottoms.jpg Size: 99 KB



Look at this picture above, see the bigger picture and learn the art of trading using Position Building.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,136
  • Jun 7, 2017 10:20pm Jun 7, 2017 10:20pm
Quoting emmanuel7788
Trading is not science but an art. To an artist, he sees what he visualizes in his mind. Just like in trading, there is a trend in every different timeframe. If you pick a trend and hold on to your trades until it turns around around in your trend favour, you most often lock up you trading capital in floating losses/drawdown until your picked trend goes back in your favour. How long can your trading account sustain the drawdown period and the depth of the 'counter-trend' against your picked trend? Pick your dominant Primary trend carefully and trade...
Hi Emmanuel,
Should we call you 'Small E' for all the guidance you have been giving on this thread after 'Big E' has gone to 'Rest In Peace' in his heavenly abode?
Some questions for 'My Trading Guru' -
1. Do you trade the H4 and Daily time frames? or do you also trade lower time frames?
2. Which are the main pairs that you trade?
3. Which sessions are the ones of your (a) choice and (b) your geographic location?
4. Template(s) used most by you and its indicators?
5. Any trade simulator (free preferable) that you recommend for practice?
Look forward to your response.
Cheers!
Sachu
  • #80,137
  • Jun 8, 2017 3:18am Jun 8, 2017 3:18am
Quoting emmanuel7788
{quote} regarding your question "End of Trend", do you have a currency pair example? it would be better if I explain using a particular currency pair using charts. there is a trend in every different timeframe. price move in waves or what some call price swings. each swing will end when it fails to make HH HL or LL LH but the HTF may still show HH HL or LH LL Edit: added chart below. Weekly bar chart of EURAUD. - look at each bar and see if there is HH HL, LH LL. - remember what a Swing Low is and what we use to identify a swing low. - a Swing Low...
Good morning buddy.

EA is an excellent example .. Ill add a Screenshot.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDDaily 8.6..png Size: 65 KB
Risiko birgt immer auch die Chance.
  • #80,138
  • Edited 6:57am Jun 8, 2017 3:21am | Edited 6:57am
Quoting Sesamstrasse
{quote} Good morning buddy. EA is an excellent example .. Ill add a Screenshot. {image}

"End of trend" or retracing too much costs too many pips because some orders get build by ME.
I think its smarter to build the orders in the beginning of the trend than late;-)

stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #80,139
  • Jun 8, 2017 7:27am Jun 8, 2017 7:27am
While we all wait for the results of the UK elections, why not try this quiz:

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 23 trend quiz.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,140
  • Jun 8, 2017 7:33am Jun 8, 2017 7:33am
Quoting emmanuel7788
{quote} NZDUSD Week 23 June 7 update: Took some profits yesterday and will move SL for all positions to below today low once I see a higher high for today. Seeing target around 0.7250 to close all positions. {image}

NZDUSD Week 23 June 7 trades update:

Move trailing SL to below yesterday's Low since today made a Higher High but the day has not closed yet.
Most likely I will close all trades tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Week 23 June 7 update SL.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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