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Trading Made Simple

  • #84,461
  • Edited 12:19pm Dec 17, 2017 11:15am | Edited 12:19pm
Quoting Frank0
{quote} 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
Frank
Yes Frank, you are right.
It is the last thing a person must do, for it must be one of the first thing you should do when you see consolidation.
What is the difference between not to trade within them and walk away?
Both have the same meaning - do not trade consolidation

Walk away does not mean stay away.
Always come back later for a better set up according to the time frame you trade and use - M1 to MN.
if you want in between as well.

The "somewhere" you mentioned is in post#261, 520, 647, 2556
Like this one the most
https://cdn-assets.forexfactory.net/...tar69907_2.gif eelfranz
| Replied Mar 29, 2011
G/U 4hr... PA dead in consolidation, Stochs go short, TDI goes long... Stay Out right now.
Thread: Craig Harris Stochastics Method
  • #84,462
  • Edited 12:52pm Dec 17, 2017 11:32am | Edited 12:52pm
Quoting RickM
{quote}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. {image}
"One day in a hack tick market you are going to forget.......... "
"When a wrong trade bite you. Find the reason why. "
  • #84,463
  • Dec 17, 2017 11:44am Dec 17, 2017 11:44am
You know if you trade 4 hr chart you no longer are a day TRADER but medium to long term. That's the first thing you must ask yourself am I a day TRADER or not
  • #84,464
  • Dec 17, 2017 8:06pm Dec 17, 2017 8:06pm
Quoting Frank0
RickM, This carries your AUDCAD chart one step further. Dotted blue lines are Emmanuel's monthly lines. {image} {image}

I look at the MN chart and look for the recent months where there are significant price swing levels.
As for AUDCAD, based on it price action when 2017 open, I look back to 2016 and 2015 for those MN price swing levels.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD MN BPP Line chart Dec 18.png Size: 69 KB


D1 chart below, I see those same MN price swing levels
I also see those big candles where potential retracement/correction can fill those gray zones. These happens often but never 100% of the time. Sometimes it take weeks and months before price returns to those gray zones. This helps to understand why some swing last 3 to 8 HA candles while many swings last only few candles. Also take note that when price makes large swings, there are also big candle and these leave behind new gray zones. If you know thsi and understand this, it is helpful in picking trades setup which can give you better Reward to Risk.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD D1 chart with MN lines.png Size: 43 KB


On my TMS trading chart, I see the same MN price swing levels.

On single chart template/profile, but with different views.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD D1 HA candles with MN lines.png Size: 50 KB


Looking at the TMS chart above, the current swing has lost some of its bullish momentum. I am not saying that it will reverse, but the price action will pause then it will decide the next move.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #84,465
  • Dec 17, 2017 8:35pm Dec 17, 2017 8:35pm
eusd ..gusd 1h entry based on 4h operators /big boys foot step(if you don't like it just ignore)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eusd 1h.png Size: 47 KB
Click to Enlarge Name: gusd 1h.png Size: 45 KB
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  • #84,466
  • Dec 17, 2017 8:48pm Dec 17, 2017 8:48pm
Quoting emmanuel7788
{quote} I look at the MN chart and look for the recent months where there are significant price swing levels. As for AUDCAD, based on it price action when 2017 open, I look back to 2016 and 2015 for those MN price swing levels. {image} D1 chart below, I see those same MN price swing levels I also see those big candles where potential retracement/correction can fill those gray zones. These happens often but never 100% of the time. Sometimes it take weeks and months before price returns to those gray zones. This helps to understand why some swing...
Emmanuel
How do you determine the gray area's?
I see they are not the same size, over lap S/R lines.
  • #84,467
  • Dec 17, 2017 9:02pm Dec 17, 2017 9:02pm
Quoting classy
eusd ..gusd 1h entry based on 4h operators /big boys foot step(if you don't like it just ignore) {image} {image}
Classy
Did you place buy order's on both pair's ?
Both were good trade's when green cross red.
- angle above 2
- above level 32
- Bar's are going bigger
- wick's are mostly to the top and small
- between S/R level's
- stoch same direction
- moving out of consolidation
  • #84,468
  • Dec 17, 2017 9:03pm Dec 17, 2017 9:03pm
Quoting Tekkies
{quote} Emmanuel How do you determine the gray area's? I see they are not the same size, over lap S/R lines.
big emm may be tell more clearly but i want share my view ..i think this gray area create because of order flow/order block if you check my attached image there is pattern big boys move market and always market travel that area to fill old order i mean big boys/smart money/operators are shake and create volatility they try to test and trap herd than move i called it my ptz (potential trade zone /big boys foot step)big emm please share your view too
if you want see big boy's foot step/smart money /operators than you can see ..imho
***rectangles are order block
Attached Image (click to enlarge)
Click to Enlarge Name: order flow.png Size: 70 KB
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  • #84,469
  • Dec 17, 2017 9:16pm Dec 17, 2017 9:16pm
Quoting Tekkies
{quote} Classy Did you place buy order's on both pair's ? Both were good trade's when green cross red. - angle above 2 - above level 32 - Bar's are going bigger - wick's are mostly to the top and small - between S/R level's - stoch same direction - moving out of consolidation
yes brother i am long and i enter/set up 1 H TMS/TDI but my method is different based on operators big boy's foot step @4h chart
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  • #84,470
  • Dec 17, 2017 9:32pm Dec 17, 2017 9:32pm
Quoting classy
{quote} yes brother i am long and i enter/set up 1 H TMS/TDI but my method is different based on operators big boy's foot step @4h chart
my old post from my thread you can check understand order

https://www.forexfactory.com/showthr...05#post8474805
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  • #84,471
  • Dec 17, 2017 9:37pm Dec 17, 2017 9:37pm
May i ask.. how we determine to border grey area like that?is that confluence are combined WRB?thanks mate..
  • #84,472
  • Dec 17, 2017 10:29pm Dec 17, 2017 10:29pm
Quoting Tekkies
{quote} Emmanuel How do you determine the gray area's? I see they are not the same size, over lap S/R lines.
Quoting OnlyPA
May i ask.. how we determine to border grey area like that?is that confluence are combined WRB?thanks mate..

You may check the two posts Emma mentioned about it ：

Post 84,239

Post 84,187

and I compiled some into my notes.
Attached Image (click to enlarge)
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Hope this helps
  • #84,473
  • Dec 17, 2017 10:38pm Dec 17, 2017 10:38pm
Quoting classy
{quote} big emm may be tell more clearly but i want share my view ..i think this gray area create because of order flow/order block if you check my attached image there is pattern big boys move market and always market travel that area to fill old order i mean big boys/smart money/operators are shake and create volatility they try to test and trap herd than move i called it my ptz (potential trade zone /big boys foot step)big emm please share your view too if you want see big boy's foot step/smart money /operators than you can see ..imho ***rectangles...
classy I see stevepatt left a post on your thread.
Learned a lot from his chart's about how the big boys play the market
http://www.forexfactory.com/attachme...7&d=1486575371
  • #84,474
  • Dec 17, 2017 10:57pm Dec 17, 2017 10:57pm
Quoting Tekkies
{quote} classy I see stevepatt left a post on your thread. Learned a lot from his chart's about how the big boys play the market http://www.forexfactory.com/attachme...7&d=1486575371
yea stevepat is another great person/friend of mine...thanks bro for visit my thread .this is our motto we want to learn and share .i love BB kings quote very much and one proverb by Chinese
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: give-a-man-a-fish-and-you-feed-him-for-a-day-teach-a-man-to-fish-and-you-feed-him-for-a-lifetime.jpg Size: 92 KB
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  • #84,475
  • Dec 17, 2017 11:07pm Dec 17, 2017 11:07pm
See where this is going and is surely not Trading Made Simple.
The Price Action (PA) that is going to be discussed is moving beyond what this thread is all about.
Come on guys, keep it simple.
  • #84,476
  • Dec 17, 2017 11:10pm Dec 17, 2017 11:10pm
Quoting classy
eusd ..gusd 1h entry based on 4h operators /big boys foot step(if you don't like it just ignore) {image} {image}
EU bull could be short lived... be careful....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #84,477
  • Dec 17, 2017 11:34pm Dec 17, 2017 11:34pm
Quoting heispark
{quote} EU bull could be short lived... be careful....
yes it is short lived and may test previous level gain to test order because operators are cooking something ...volume is thin
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  • #84,478
  • Dec 17, 2017 11:44pm Dec 17, 2017 11:44pm
Quoting Tekkies
See where this is going and is surely not Trading Made Simple. The Price Action (PA) that is going to be discussed is moving beyond what this thread is all about. Come on guys, keep it simple.
going right way ,learning and sharing ..imho
please try to understand:Trading system VS Trading Method

Trading System
A trading system is a set of rules that quantifies buy and sell signals, as demonstrated by successful testing on price history or chart studies. A trading system is the specific kind of data or knowledge used to execute the trading method, based on price action or fundamental valuations. These signals are triggered by measurable technical indicators or key levels on charts. Trading systems have specific parameters relating to position sizing that manage risk and increase the probability of profitability over time. A trading system has at least eight quantifiable elements.


Trading Method
A trading method is the overall process and trading style that is used to profit from the markets. A trading method can be defined as principles used to successfully trade in the stock market, options, forex, futures, or bonds. These operating principles are based on the belief of long term profitability and increased value of trading capital. Traders using different systems and different plans can use the same methodology. Methodology is based on the specific style of trading.
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  • #84,479
  • Dec 17, 2017 11:49pm Dec 17, 2017 11:49pm
Quoting heispark
{quote} EU bull could be short lived... be careful....
Don't say that.
Missed the bus completely to close the first order.
Left the order on chart, by looking left the market bounced against resistance
Scaled out with the second buy order (checked #647)
Attached Image (click to enlarge)
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  • #84,480
  • Dec 17, 2017 11:52pm Dec 17, 2017 11:52pm
Quoting classy
{quote} going right way ,learning and sharing ..imho please try to understand:Trading system VS Trading Method Trading System A trading system is a set of rules that quantifies buy and sell signals, as demonstrated by successful testing on price history or chart studies. A trading system is the specific kind of data or knowledge used to execute the trading method, based on price action or fundamental valuations. These signals are triggered by measurable technical indicators or key levels on charts. Trading systems have specific parameters relating...
Trading Plan
A trading plan is a set of rules, consistent with a trader’s chosen methodology and system that govern how trades will be executed in real-time. These rules determine what will happen based on the trading system’s entries and exits, risk management, and psychology. The trading plan is meant to keep the trader disciplined and safe from their own weaknesses, while providing the parameters for consistent profitability.
Understanding the difference between methodology, system, and plan is essential to organizing and implementing trades at the right levels. As traders turn research into beliefs, trading methods will become their religion, trading systems will become their bible, and their trading plan will allow them to walk in faith every day.
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