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Trading Made Simple

  • #84,441
  • Dec 16, 2017 2:08pm Dec 16, 2017 2:08pm
Quoting RickM
{quote} Here Tekkies Its on my Laptop 4K screen, not my Desktop. MT4 dosen't work to well on a 4K screen, does anybody have any suggestions. {image}
Rick there are 2000 results in search: 4K screen
Narrow search down with model and platform build
  • #84,442
  • Edited 4:48pm Dec 16, 2017 4:37pm | Edited 4:48pm
Quoting Tekkies
{quote} Rick It is very seldom that you catch the trade at the beginning of the cross bar. Exit rule you use is going to cost you pips over the long run. To wait for a reversal H4 Bar or 5EMA cross is after the fact. The train has come and gone. Don't change the setting of the indicator's in use. Keep them constant the same. One day in a hack tick market you are going to forget you tweaked a setting and it is going to bite you. Rather create a template with a text message on screen that say buy only / sell only. Also why don't you install a second...
Hi Tekkies

I think we had a discussion a year ago about my exit rules, there's a reason why I stay in the trade as long as I can. See on the chart, I believe Big E didn't tell us the whole story. Price is moved not by a handful of small traders but by Big Banks etc. where they have set target they will push the market to. Looking at the Chart, we must know the price they want now is 1.888 so why exit before we need to.

Why not stay as long as we can until the trade becomes invalid. Once the Price moved passed the previous 1.9404 monthly line, it was pushed through by the two joined King candles towards the next Monthly line. It will get there without any doubt so I want to be in trade back on Monday if possible. We must not let price retracement scare us our of our target too easy.
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Trading thin liquidity at the boundary of the charts
  • #84,443
  • Dec 16, 2017 5:13pm Dec 16, 2017 5:13pm
Quoting bob44
{quote} Are the upper and lower white lines the support and resistence. What indicator and settings
Hi Bob

Yes Monthly lines only, using methods designed by Strats in his PASR PDF
Trading thin liquidity at the boundary of the charts
  • #84,444
  • Dec 16, 2017 6:31pm Dec 16, 2017 6:31pm
This is another look at the strong desire by Bankers to reach safety at a Monthly Line when a big Kings candle reached out on the AUDCAD.
Soon after the bankers when on a weeks holiday so price action when into a massive consolidation soon for days.
A Kings candle is just my description of a large H4 candle or bar that passes through or rests against a monthly line. Its only seen on a H4 chart in my opinion.

But what the hell does this mean for TMS. I believe this will allow us to increase our win rate on placing TMS trades by over 50% ( will my account certainly has )
If we only trade away from a Monthly line and better still, away from the weekly 10EMA at the same time, I believe we will have A$$$ trades

P.S. Don't mind the comment, it was a for another trader on another forum site a couple of months ago. He was trading the 15M chart and I was attempting to show him it wasn't a wise move to go long or short just yet. The White Line was a Monthly
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Trading thin liquidity at the boundary of the charts
  • #84,445
  • Dec 16, 2017 6:54pm Dec 16, 2017 6:54pm
On that AUDCAD, the market dropped big time soon after from the monthly and that would have given us a great TDI cross.

If you didn't take that cross, you missed out on easy money. Who needs Bitcoin when we have these fantastic signals steering us in the face.
Trading thin liquidity at the boundary of the charts
  • #84,446
  • Dec 16, 2017 11:45pm Dec 16, 2017 11:45pm
RickM,
This carries your AUDCAD chart one step further. Dotted blue lines are
Emmanuel's monthly lines.

https://www.forexfactory.com/attachm...1&d=1513489372
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  • #84,447
  • Edited 3:09am Dec 17, 2017 1:38am | Edited 3:09am
Quoting Frank0
RickM, This carries your AUDCAD chart one step further. Dotted blue lines are Emmanuel's monthly lines. {image} {image}
Yes, that was just a quick grab to show a point to a trader. It does show the power of the monthly resistance and support lines, but I learned this stuff of Emmanuel.
For me the issue is how far in time to go back on monthly lines because too many lines clouds decisions. So I only go back around 3-4 years then hand pick important recurring lines which seems to give me enough information to take my trades.

You will find that a few Master Candles are in fact what I call King Candles because they often cross a monthly line. So when they breakout from that candle, its actually moving away from a monthly Control line which is my signal to trade.

IF ITS NOT RESTING ON A MONTHLY CONTROL LINE, I WILL NOT TRADE A MASTER CANDLE SETUP


King Candle or Bars gives me more information because it offers a reason for its creation. It was a massive surge of buying or selling directlly into a monthly control line by big players. I know this because I have done a lot of Volume analysis directly from FXCM Real volume data.
I now know WHY this action has occurred only in this area. More importantly I know WHERE the action is likely to move to next with confident after a breakout.

It provides the key in selecting the correct TMS trade setups with increased profits.
Trading thin liquidity at the boundary of the charts
  • #84,448
  • Edited 11:18am Dec 17, 2017 3:12am | Edited 11:18am
Quoting RickM
{quote} Hi Tekkies I think we had a discussion a year ago about my exit rules, there's a reason why I stay in the trade as long as I can. See on the chart, I believe Big E didn't tell us the whole story. Price is moved not by a handful of small traders but by Big Banks etc. where they have set target they will push the market to. Looking at the Chart, we must know the price they want now is 1.888 so why exit before we need to. Why not stay as long as we can until the trade becomes invalid. Once the Price moved passed the previous 1.9404 monthly...
Hi Rick
Yes BigE did not gave us the whole story. He only scratched the surface with #647.
Rick I am not trying to prove you wrong or right or become pro BigE, only using the word's I understand from the little bit I learned. It is all about what is on the chart and how I use #647 with S/R.

Monthly lines are support and resistance lines.
King Candles are big bar's

Apply #647
Draw the S/R and flip between time frame and take note of what they show you.
- Zoom out, then in
- it is always the best to stay with one time frame
- Round number's? OK, round down/up those S/R lines to the close round number (r/click line..........)
Don't chase big bar's

Do the same with AUDCAD H4
Are you in consolidation?
- Walk away.

Don't try and forecast the future. Use the information what the chart is telling you.

Take note Rick why BigE wanted only the indicator's in Post#1 already one member added a indicator to your method. Who is next?

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  • #84,449
  • Dec 17, 2017 3:18am Dec 17, 2017 3:18am
Quoting ReverseFlash
{quote} Hi Pivot Queen, I fel asleep so I missed your -edited post Funny thing, you appeared to defend Renko Queen, Who will show up next?: Simphonie Queen obviously... ------------------ {quote} Check Mate? LOL Now you pretend to be a Chess Player, What you really are is a loser who makes a living off drawing naked women, not with trading, but honestly I wish you luck trying to withdraw the money on your demo account... ---------------------- {quote} Nice way to determine a troll, now let's look at a way to identify a loser in...
ROFL
POW!
  • #84,450
  • Dec 17, 2017 3:50am Dec 17, 2017 3:50am
Quoting Tekkies
{quote} Hi Rick Yes BigE did not gave us the whole story. He only scratched the surface with #647. Rick I am not trying to prove you wrong or right or become pro BigE, only using the word's I understand from the little bit I learned. It is all about what is on the the chart. Monthly lines are support and resistance lines. King Candles are big bar's Apply #647 Draw the S/R and flip between time frame and take note of what they show you. (it is always the best to stay with one time frame) Don't chase big bar's Look left and take note what happened...
Hi Tekkies
It does not matter whether I am right or wrong, only whether it can give me a trading Edge.
So far so good.


Monthly lines are support and resistance lines. - YES, BUT THIS IS WHERE THE BIG PLAYERS ARE GOING, WE CAN SET TAKE PROFITS ACURATELY

King Candles are big bar's - NO, ONLY IF THEY VISIT MONTHLY LINES. THEY ARE HIGH VOLUME BARS WHERE BIG PLAYERS HAVE TAKEN THEIR PROFITS OR TAKEN NEW POSITIONS.

Apply #647
Draw the S/R and flip between time frame and take note of what they show you. (it is always the best to stay with one time frame) -

Don't chase big bar's - NOT REALLY, THE REASONS ARE ABOVE. WE SHOULD NOT CHASE BIG BARS INTO MONTHLY CONTROL LINES, HOWEVER WE SHOULD TAKE TRADES ON LARGE BARS WHEN THEY EXIT A MONTHLY CONTROL LINE AFTER CONFIRMATION.

Look left and take note what happened with S/R - NOT THAT IMPORTANT UNLESS IN RANGING MARKET

The rest of Big E's work remains unchanged. If we take every TDi cross in todays market, we will loose in the long run.
If we can find that trading edge to dismiss many average TDI crosses and only pick the A$$$ trades, we would be happy campers indeed.
Trading thin liquidity at the boundary of the charts
  • #84,451
  • Dec 17, 2017 4:27am Dec 17, 2017 4:27am
Quoting RickM
{quote} If we take every TDi cross in todays market, we will loose in the long run. If we can find that trading edge to dismiss many average TDI crosses and only pick the A$$$ trades, we would be happy campers indeed.
Agree.

TAKE PROFITS ACCURATELY.
- To me it is green flat, hook, check mark
-- check chart, try for a few more pips or get out. (you remember the remark - out smart that flat green from a previous post)
-- can always re - enter

The other point's I understand and apply in the same way. The word's used are different,
  • #84,452
  • Dec 17, 2017 4:31am Dec 17, 2017 4:31am
Quoting RickM
{quote} Hi Tekkies It does not matter whether I am right or wrong, only whether it can give me a trading Edge. So far so good. Monthly lines are support and resistance lines. - YES, BUT THIS IS WHERE THE BIG PLAYERS ARE GOING, WE CAN SET TAKE PROFITS ACURATELY King Candles are big bar's - NO, ONLY IF THEY VISIT MONTHLY LINES. THEY ARE HIGH VOLUME BARS WHERE BIG PLAYERS HAVE TAKEN THEIR PROFITS OR TAKEN NEW POSITIONS. Apply #647 Draw the S/R and flip between time frame and take note of what they show you. (it is always the best to stay with one time...
When you say take every cross will make us losers, do you mean every time the indie gives a signal? The win rate might improve if signals are taken with trend and with a clear price action bar. Just sayin. One idea a good trader has is to take signals when one time frame above and two time frames below agree on the trading chart.
If you are good at something, never do it for free--Joker
  • #84,453
  • Edited 7:09am Dec 17, 2017 4:31am | Edited 7:09am
Last word before I bore anyone anymore. However this is price action talk.

Forgetting about a cross for a minute, I must repeat we should never be scared to trade large candles.

We should consider trading large bars or candles if they are leaving a Monthly Control Line. Our advantage here is we do not need a big stop, just a few pips over the otherside of the line.

Nobody going to rip into me yet ?
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Trading thin liquidity at the boundary of the charts
  • #84,454
  • Dec 17, 2017 4:52am Dec 17, 2017 4:52am
Quoting jmn5611
{quote} When you say take every cross will make us losers, do you mean every time the indie gives a signal? The win rate might improve if signals are taken with trend and with a clear price action bar. Just sayin.
Hi JMN5611

Yes, I agree with you. We need other reasons to trade rather than just take a simple cross.

The problem is new followers to this thread will start at post 1 where Big E attempted to design a simple system. He was suggesting to new traders that they need to trust the TDI and slow stochastic and trade any good looking crosses on their charts. This has since been proven a bad money management idea as most traders new to this forum can't make this system work.

I have been on this forum for around 2 1/2 years and I only see around Twenty long term TMS traders visit here regularly and post. Most newbies only seem to post for a few months them disappear. I'm sorry Tekkies but there is pieces of the jigsaw missing here before this system will ever become profitable for new traders.

At least Emmanuel along with a few other long term traders are attempting to add a couple of pieces to the soup.

The question here is am I adding anything valuable here or are my beliefs a lot of rubbish, you guys and girls decide.
Trading thin liquidity at the boundary of the charts
  • #84,455
  • Dec 17, 2017 5:25am Dec 17, 2017 5:25am
Quoting RickM
{quote} Hi JMN5611 Yes, I agree with you. We need other reasons to trade rather than just take a simple cross. The problem is new followers to this thread will start at post 1 where Big E attempted to design a simple system. He was suggesting to new traders that they need to trust the TDI and slow stochastic and trade any good looking crosses on their charts. This has since been proven a bad money management idea as most traders new to this forum can't make this system work. I have been on this...
Yes, you are definitely adding value by asking questions. Notice that I highlighted good looking crosses. The trouble with a newbie is that they do not know what a good looking cross is. They do not know what a price action bar looks like, when they do see one on the off chance then they do not know why that bar formed or what the bulls and bears were doing to make it form. They don't know what a trend is. They don't know how to quantify a trend. Lastly, they don't know anything about money management.

So when Big E says take good looking crosses, there is a lot to that statement. And he did try to explain some of it if you go back and look. A lot of newbies think that older traders are being condescending when we say, go to babypips. But I think that if a lot newbies did go to and complete the babypips course they would not make a lot of fundamental errors that I see every day.
If you are good at something, never do it for free--Joker
  • #84,456
  • Dec 17, 2017 5:46am Dec 17, 2017 5:46am
Quoting RickM
{quote} Hi JMN5611 Yes, I agree with you. We need other reasons to trade rather than just take a simple cross. The problem is new followers to this thread will start at post 1 where Big E attempted to design a simple system. He was suggesting to new traders that they need to trust the TDI and slow stochastic and trade any good looking crosses on their charts. This has since been proven a bad money management idea as most traders new to this forum can't make this system work. I have been on this forum for around 2 1/2 years and I only see around...
Rick.
There is only one pieces missing from the jigsaw
BigE gave the core rule's. It is you the trader that must apply the rules correctly.
We all started as newbies. We suffered the same losses the newbies suffered.

We the newbies wanted to run where angle's fear to walk.
Meaning that we only wanted to be profitable all the time, regardless of the mistakes we make.

Missing jigsaw piece is : Experience

May I ask you are you still make those same mistake's you did as an newbie 2 1/2 ago?. I still do, albeit a lot less
Over the course of 2 1/2 you gained a lot of :
- Understanding
- Study old and new chart's
- Knowledge
- Know how
- extra extra
BigE had 6 000 hours behind him. How many hours are behind you? How many hours behind a newbie?
  • #84,457
  • Dec 17, 2017 5:47am Dec 17, 2017 5:47am
Quoting RickM
{quote} Hi Tekkies I think we had a discussion a year ago about my exit rules, there's a reason why I stay in the trade as long as I can. See on the chart, I believe Big E didn't tell us the whole story. Price is moved not by a handful of small traders but by Big Banks etc. where they have set target they will push the market to. Looking at the Chart, we must know the price they want now is 1.888 so why exit before we need to. Why not stay as long as we can until the trade becomes invalid. Once the Price moved passed the previous 1.9404 monthly...
nice post .i also asked big emm about eur nzd ,gbpnzd how can trade long /hold ? ok if you allow me ...let's be straight ..how you will proceed to reach 1.880 because ADR/volatilty is bigit will not go straight must pullback /retrace so much /pips or level you hold move down or you exit please tell me details
herewith important info cot and nzd performance
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Say something meaningful or Silence!!
  • #84,458
  • Dec 17, 2017 6:13am Dec 17, 2017 6:13am
Preserving your trading capital is top most important.
If you are 4H Swing trader and D1 Position trader, stop trading and resume your trading in Week 03 Jan 08 2018.

If you must trade, then do it on H1, M15 and M5 from Dec 18 2017 till Jan 05 2018.
You need to know if your broker have shorter trading hours on certain days.

Since Christmas Eve is on Sunday, it is unlikely that brokers will close early on Friday Dec 22.

Also New Year's Eve is also on Sunday, trading days in Week 52 will only be for 3 full days Dec 27 to Dec 29.

I will continue to run live forward testing on TMS M15/M5 trading the next 2 weeks - Dec 18 till year end on Dec 29 closing. I will again post my trading results when I close December month. So far the last 2 weeks were positive trading my EA on M15/M5 and I have only to trade one a week and let my EA trade manager do the work for me while I enjoy life.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #84,459
  • Edited 8:44am Dec 17, 2017 7:52am | Edited 8:44am
Quoting Tekkies
{quote} Rick. There is only one pieces missing from the jigsaw BigE gave the core rule's. It is you the trader that must apply the rules correctly. We all started as newbies. We suffered the same losses the newbies suffered. We the newbies wanted to run where angle's fear to walk. Meaning that we only wanted to be profitable all the time, regardless of the mistakes we make. Missing jigsaw piece is : Experience May I ask you are you still make those same mistake's you did as an newbie 2 1/2 ago?. I still do, albeit a lot less Over the course of 2...
Tekkies

I make mistakes every day and it really p.....d me off when I should know better. Last year I compiled a complete trading plan on all my steps and actions I need to take to improve my trading results. The number 1 change I have made is to be my own man. To develop skills and trading methods that fit my personally, not Big E's or any other trader. Therefore I have been on a quest to discover how I am seeing the market and how I react when I trade that viewpoint.
Would you believe that meant also going on a diet and reducing my screen time to spend more time with my wife.

Anyway back to trading. Its OK for me to rabbit on about a new trading solution for improved profits etc. etc., wheres the bloody proof.

So, I opened another trading account 15 days ago, only a few Grand here buts its time to go live after testing my theory for a couple of months.

THE RESULTS OVER 15 TRADING DAYS IN USING MY MONTHLY CONTROL LINE METHOD WITH TMS IS AN INCREASE IN TOTAL EQUITY BY 79%

PS. Trades 7 to 11 were a mistake in leaving a few sell limit orders on my platform and forgetting they were there. That also p....d me off big time.
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Trading thin liquidity at the boundary of the charts
  • #84,460
  • Edited 9:18am Dec 17, 2017 9:06am | Edited 9:18am
Quoting Tekkies
{quote} Hi Rick Yes BigE did not gave us the whole story. He only scratched the surface with #647. Rick I am not trying to prove you wrong or right or become pro BigE, only using the word's I understand from the little bit I learned. It is all about what is on the chart and how I use #647 with S/R (mostly aid at new member's) Monthly lines are support and resistance lines. King Candles are big bar's Apply #647 Draw the S/R and flip between time frame and take note of what they show you. - Zoom out, then in - it is always the best to stay with one...
Tekkies,

In this post you wrote:

Do the same with AUDCAD H4
Are you in consolidation?
- Walk away.

I respectively submit that walking away from a consolidation is the last thing a person should do.
Big E asked that question to make us aware of consolidation as price action and somewhere
told us not to trade WITHIN them, not to walk away. They are a great trading opportunity and should
go on our watch list for a breakout.

RickM has refined them and my thanks to him for doing so.

Frank
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