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Trading Made Simple

  • #117,601
  • Mar 13, 2021 8:41pm Mar 13, 2021 8:41pm
Quoting hasib
I AM A CONSISTENT WINNER BECAUSE: 1. I objectively identify my edges. 2. I predefine the risk of every trade. 3. I completely accept the risk or I am willing to let go of the trade. 4. I act on my edges without reservation or hesitation. 5. I pay myself as the market makes money available to me. 6. I continually monitor my susceptibility for making errors. 7. I understand the absolute necessity of these principles of consistent success and, therefore, I never violate them. Mark Douglas,
mark dougles true old alien ----------------------------
  • #117,602
  • Mar 14, 2021 5:33am Mar 14, 2021 5:33am
Quoting Rahmandorai
"Beginners Questions " I will be glad if someone does help I have read that to say uptrend has reverse you should wait for the last "HL previous highest point " to break "red cycle" . But I saw many traders take the latest HL to determine the reversal ?! Which one is correct ? Thanks {image}
Hi, I'm fairly new to trading but Have spent a lot of time so far reading and learning. Perhaps someone has a different opinion to me but for a trend to break or continue it must first either break the current HL or the HH. Everything else is just market noise. So the last HL you have marked on your chart isn't really a sign of continuation as it has not broke the Higher High yet.

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  • #117,603
  • Edited 7:29am Mar 14, 2021 7:14am | Edited 7:29am
Quoting emmanuel7788
{quote} {quote} Years ago I mentioned about Darvas Box and how I would look for trending pairs to trade. Below is an old chart example of a trending pair by Big E in his old thread Post#4231 {image} Now watch this video on Darvas Box trading. What lessons do you learn from these ? https://youtu.be/tuctqAWkGpI
thanks for sharing invaluable information and guided to the posts,your generosity is immense.Dravas box strategy by Dravas is to be used on weekly chart and breakout of the chart may take several months.we can simply use Master candle on 52 weeks line ? Do u have any other better ideas?
Edit:
https://www.forexfactory.com/thread/...63#post8886763 says we not need to use dravas box.
  • #117,604
  • Mar 14, 2021 8:58am Mar 14, 2021 8:58am
Quoting quintree
{quote} Hi, I'm fairly new to trading but Have spent a lot of time so far reading and learning. Perhaps someone has a different opinion to me but for a trend to break or continue it must first either break the current HL or the HH. Everything else is just market noise. So the last HL you have marked on your chart isn't really a sign of continuation as it has not broke the Higher High yet. {image}
true----- now getting the edge of that is identifying the pattern situation that happens just before that.... that noise you talk about is consolidation----- where mm is filling orders for the next big move breakout----- so the price will range/condensate on those areas---- you need to learn to identify these areas..... the get deep on price action knoledged so you get the % edge to to try to analyze where price probably is going to break-------------- and most important of all you protect yourself always with max %loss sl----- you are analyzing probabilities you cant know for sure to where price will break-------- you protect yourself for 2 % loss of your equity to gain the potencial big move breakout that must be at least the double 4% of your acc-------

these are just guidelines-----
  • #117,605
  • Mar 14, 2021 9:13am Mar 14, 2021 9:13am
Quoting Gonzaga
{quote} true----- now getting the edge of that is identifying the pattern situation that happens just before that.... that noise you talk about is consolidation----- where mm is filling orders for the next big move breakout----- so the price will range/condensate on those areas---- you need to learn to identify these areas..... the get deep on price action knoledged so you get the % edge to to try to analyze where price probably is going to break-------------- and most important of all you protect yourself always with max %loss sl----- you are analyzing...
emmanuel is a far more experienced alien living the market than i will ever beee------------------------ he will know how to answer you in a more deep detailed way than i-------------
this is my advice to masses who follow this thread--------- learn with emmanuel----- he will answer all your questions from everyone of you------------
you have to do your part as well and learn which are the important questions to ask------------------------
  • #117,606
  • Mar 14, 2021 9:45pm Mar 14, 2021 9:45pm
Any thoughts on this as an Entry?
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  • #117,607
  • Mar 15, 2021 12:17am Mar 15, 2021 12:17am
Quoting quintree
Any thoughts on this as an Entry?{image}
it's ok as friday candle could not close below thursday.
watch for reaction on 3rd touch downward sloping trend line, also 1.80.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #117,608
  • Mar 15, 2021 2:34am Mar 15, 2021 2:34am
Quoting Inthebox
{quote} it's ok as friday candle could not close below thursday. watch for reaction on 3rd touch downward sloping trend line, also 1.80. {image}
Thanks for the Input. I'm hoping to get some feedback into my trades and get some insight into some bad trades I pick.
  • #117,609
  • Mar 15, 2021 2:39am Mar 15, 2021 2:39am
Quoting quintree
Any thoughts on this as an Entry?{image}

You know the risk jumping in a H4 active bar/candle before it closes and if you mitigate the risk in your money management then its all good. Note the previous APB/HA candle did not close with strong bullish momentum, its slope was 0.5 ... 'flat' condition.
But some of these aggressive APB/HA candle#2 entry trades do turn out good.

Your entry bar/candle closed provides at good setup with the RSI green price line slope value =6.

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Note: The Weekly has a big candle which is a Weekly Control Candle and it high is 'resistance' for TP.

TMS_V19 Trend 2/8 is Bullish ...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,610
  • Mar 15, 2021 2:40am Mar 15, 2021 2:40am
Quoting Inthebox
{quote} it's ok as friday candle could not close below thursday. watch for reaction on 3rd touch downward sloping trend line, also 1.80. {image}

nice clean chart !
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,611
  • Mar 15, 2021 3:19am Mar 15, 2021 3:19am
Quoting emmanuel7788
{quote} GBPUSD Week10 Mar08 to12 Big Picture Update: - MN Swing Levels - no change to the MN swing levels {image} Big Picture - using pipware charts - with one Big Picture, I can trade the 4H Swing, Daily/Weekly Swing. - I know the "support & resistance' on all timeframes , the previous price action PPA, the 10,50/200 EMAs, the price Round Numbers/Big Round Numbers RN/BRN and those MN price swing levels. {image}

GBPUSD Week11 Mar 15 to 19 Update today at London Open

- Daily is now trading within the high-low of a Weekly Control Candle

- No new MN swing levels

MN Historical Swing Levels as seen on Daily


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TMS Big Picture - MN W1 D1 and H4

- H1 current swing high and swing low

- a break of the swing high 1.3950 with a TMS 5-Method trade condition would be nice for further buys add-ons.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,612
  • Mar 15, 2021 3:37am Mar 15, 2021 3:37am
Quoting emmanuel7788
{quote} You know the risk jumping in a H4 active bar/candle before it closes and if you mitigate the risk in your money management then its all good. Note the previous APB/HA candle did not close with strong bullish momentum, its slope was 0.5 ... 'flat' condition. But some of these aggressive APB/HA candle#2 entry trades do turn out good. Your entry bar/candle closed provides at good setup with the RSI green price line slope value =6. {image} Note: The Weekly has a big candle which is a Weekly Control Candle and it high is 'resistance' for TP....
Thanks Emmanuel, you've given me a bit to think about and try to a absorb. I didn't find any other entries today around London session open, (my usual trading time)
  • #117,613
  • Mar 15, 2021 4:02am Mar 15, 2021 4:02am
I have decided to post my trades here after an absence of several years. Here's a trade I took last night and my smallish target was hit while I was asleep
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the cautious seldom err....C
  • #117,614
  • Mar 15, 2021 4:06am Mar 15, 2021 4:06am
EURAUD Mar15 H4 London Open+1 9AM

TMS Monitor provides me the alert

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TMS V19 H4 has the information I need
- narrow range so it will be quick exit in case

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,615
  • Mar 15, 2021 4:43am Mar 15, 2021 4:43am
I was not around at that time to trade the pcrf on H1
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the cautious seldom err....C
  • #117,616
  • Mar 15, 2021 6:28am Mar 15, 2021 6:28am
Quoting Inthebox
{quote} it's ok as friday candle could not close below thursday. watch for reaction on 3rd touch downward sloping trend line, also 1.80. {image}
Hey Inthebox.
Haven't "met" you on FF for a while. Just want to quickly say thanks for all the tips on PA, QM and div, they do help a lot in increasing odds of trades and help setting SLTP. Your strategies seems to align quite well with this TMS, something you can check it out in the future.

Here is my GU trade today. Trendline rejection, then TMS buy cross with regular divergence. Confirmed by respected bull QM, set to BE after rejection. Then price respected Bear QM. Trail SL to below HL. Stopped at 1.3R, thesis TP was set to ~4.4R @ 1.3975.

* Months ago you asked about a EA/alert/indi that can tell divergence. I have thought about it for long, and decided to develop an indi with my statistics knowledge. In that chart the "MACD mutant" is the closest I can get to for now. Green and Orange background hints a regular divergence of MACD and OSMA combined, usually at lower time frame, also trend exhaustion.
Currently I only code it in TradingView. If you are interested let me know and I can see ways to give you access to the indi.
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  • #117,617
  • Mar 15, 2021 7:09am Mar 15, 2021 7:09am
Quoting emmanuel7788
EURAUD Mar15 H4 London Open+1 9AM TMS Monitor provides me the alert {image} TMS V19 H4 has the information I need - narrow range so it will be quick exit in case {image}

EURAUD Mar15 H1 trade closed

- quick TP1 +10 pips

- remaining position got stopped out by the pull-back

- narrow range market is difficult to get 50pips.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,618
  • Mar 15, 2021 7:47am Mar 15, 2021 7:47am
Quoting tommydoginti
{quote} Here is my GU trade today...... * Months ago you asked about a EA/alert/indi that can tell divergence..... I
thanks for the offer. i got the macd one from mt5 market, so do not require.
i am using rsi 13, just have to add ma 7 to it.
many traders enter trades on the cross of tdi without knowing why.
what is more important that the tdi turned is the structure, support resistance around the present price.
if one has problem drawing the SR zone, a simple solution tip is to look at d1 candle high/low.
one can see how it works in the chart.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #117,619
  • Mar 15, 2021 11:01am Mar 15, 2021 11:01am
caught another fish with 2 entries
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the cautious seldom err....C
  • #117,620
  • Mar 15, 2021 11:07am Mar 15, 2021 11:07am
letting this go as the swissy seems to be weakening now
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the cautious seldom err....C
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