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- RickM replied Mar 9, 2017
Hi Tekkies, you are trading the H1 so it is not a good example. Have a look at the same chart on H4. I didn't take this trade as I am in the AU. The signal is at the start of the big Candle around 1.2270. We just follow the PA and ride the 5EMA ...
Trading Made Simple
- RickM replied Mar 9, 2017
Use the 5EMA Shift 3 as an exit, never the TDI or you will never gain a few hundred pips on any trade. This method works well provided the move doesn't create a steep slope.
Trading Made Simple
- RickM replied Feb 26, 2017
If I can give my two cents worth, I find the 5 EMA Shift 3 the core indicator of this trading method. I prefer to trade with PASR using raw candles and will take a trade only after it crosses the 5 EMA Shift 3. The trade must be in the direction of ...
Trading Made Simple
- RickM replied Feb 12, 2017
Speaking personally, I focus on the monthly lines going back five years. For the weekly, I only use lines that have been tested several times recently in the last few years. The trick is to select colours that mostly stay well hidden and don't ...
Trading Made Simple
- RickM replied Feb 11, 2017
Hand drawing the support and resistance lines is the best way in understanding what price action levels have a history of repeating to support or reject the pair. This line should be drawn in a thicker line colour. I always review these levels ...
Trading Made Simple
- RickM replied Jan 28, 2017
The beauty of using TDI is it gives us working folks who trade up to 17 pairs at a time a chance to have a quick glance at the charts to determine quickly whats trending. After 18 months using TMS, I have lost too many trades using only the TDI as a ...
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- RickM replied Jan 26, 2017
Love to join the group as well, agreed about some possible great GBP trades over the next few months.
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- RickM replied Jan 15, 2017
So whats wrong with trading the Weekly when you see a chart like this. To play it safe, just Sell in micro lots and trade with ME/ME entry's every interval of 0.5(ATR100). I will continue this process till we meet Resistance or I see Trade ...
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- RickM replied Dec 18, 2016
i would wait for UK open to see if there is any real movement. Also in Xmas week, I would only place a small order and cut your losses early if trend continues against you. Best to use ME/ME trading here I feel. I will also short this pair if price ...
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- RickM replied Dec 16, 2016
It hasn't crossed the 5EMA yet so I would let the trend establish. Also it has just hit a resistance level ( look left as Big E said ) and may just rest around this level before it drops further. Also the key chart is the day chart and here we have ...
Trading Made Simple
- RickM replied Dec 13, 2016
Already slowing attempting this task, hope to join the group as well, please let me know how.
Trading Made Simple
- RickM replied Oct 4, 2016
Realjumper, if you read the thread from the last fews weeks, you will see many people have asked Emmanuel questions regarding Weekly Pivots etc. He has answered many questions and placed several charts on this matter and offered a free opinion on ...
Trading Made Simple
- RickM replied Oct 1, 2016
I believe I know the answer to this one Emmanuel. You have the winning edge when you can feel the rhythm of the market and you find it easy to quess the direction of the move. Sometimes I am in that zone and it feels that the signals hit me in the ...
Trading Made Simple
- RickM replied Sep 9, 2016
I use hedging sometimes but I now have decided to scrape this method. In theory, hedging sounds like a good ideal but in practice the PA often moves back in the direction of your first position. So now you are still losing pips. So now you open ...
Trading Made Simple
- RickM replied Jun 30, 2016
First post after following thread since September 2015. Traded AUSUSD tonight with three buy trades using Emmanuel's MEME system. The small pull -back enabled me to pick up 2 buy limits at 0.25 ATR(100) for a total gain of 95 pips. No way the trade ...
Trading Made Simple