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Trading Made Simple

  • #85,181
  • Jan 5, 2018 4:27am Jan 5, 2018 4:27am
Quoting Tekkies
{quote} Why wait? {image}
but with the NFP he can have a big move in any direction ?
  • #85,182
  • Jan 5, 2018 4:27am Jan 5, 2018 4:27am
How you would quote the sessions behave with TMS. Entering from Asia, Fra, LO or even very late just before NY and scalp the long trend on same day. BigE was using most of time with NY start, did anyone mastered different success rate on sessions?

Or even middle LO, on specific times also, after few hours 1 hour later of begining of that and that...?
" Accepting losses is the most important single investment devise "
  • #85,183
  • Jan 5, 2018 4:30am Jan 5, 2018 4:30am
Quoting fleurdelys
{quote} I find it hard to detect a trend. Of course I understand Dow's theory, but it's hard, for me, to know if in advance we start in a trend, or if we'll do a Range
Let me post the chart from earlier again;

Attached Image (click to enlarge)
Click to Enlarge Name: longshort.png Size: 64 KB


Now, i was told earlier, that in this case, i should adjust my page to suit.... please someone explain to me, how am i supposed to do that, when the page hasn't printed yet and all i have is this to go on;

Attached Image


As i said, trying to call a trend by what is printed within a page is complete codswallop.

As PA prints, i can see potential for a trend. I have the basic requirement for a trend to be underway. I do not it for a certainty, but i will take the trade at the pullback and see. Looking to the left, there is some blue sky above... It is probability coupled with small risk.

That's all trading is... defining the trend that you want to trade and finding low risk, high probability/reward trades.
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  • #85,184
  • Jan 5, 2018 4:36am Jan 5, 2018 4:36am
this is what a trend looks like
Attached Image (click to enlarge)
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  • #85,185
  • Jan 5, 2018 4:38am Jan 5, 2018 4:38am
Quoting Divergence
all these new traders get an idea and all of a sudden they are gurus LOL and yet I and yourself are willing to help them actually see the market for the first time and they resist to learn how does the dictionary describe such a person
Really Divergence
Here is my proof that I am useing that method for a long time. Got some point's wrong. The right idea was there.
Post 67,434
Trend direction
Simple trend line indicator
Use the draw Trend line of MT4
Zoom in maximum
Draw two lines from bottom left corner to top right corner and top left corner to bottom right corner of main chart
Zoom out with 2 clicks
Double click line and three white dots will appear
Drag line with middle white dot to bar 0
BigE calls this bar Bar ONE which is accordingly to MT4 manual should be BAR 0
That is the direction of the trend
Switch to any time frame and Trend line of MT4 will happily show you the trend line. Zoom in or out until trend line is visible

remember this is all about how to Trading Made Simple
Really there is no need for high higher or low lower what ever that might mean
Keep it simply
  • #85,186
  • Jan 5, 2018 4:40am Jan 5, 2018 4:40am
Quoting Divergence
Wow its like noone really reads the posts it like a room of people with attention disorder let me spell it out. A trend is where you have price making higher highs and higher lows or lower lows and lower highs. Drawing a diagonal line defines nothing
How true is that statement.

Here is the real issue, whether its trending long or short, do traders have the correct money management and a plan to capitalise on that movement.

How many times do you hear a trader say they wished they had jumped on that great move but they missed it.
At first they were to scared to jump on the trend, then when they did they probably jumped in on top of a wave and got their stop loss taken out.
After they were licking their wounds, the price action then raced away in the direction of first trade leaving the trader to count his loss pips.

A trend is only really related to the time frame that is being traded.
Trading thin liquidity at the boundary of the charts
  • #85,187
  • Jan 5, 2018 4:42am Jan 5, 2018 4:42am
Quoting RickM
{quote} A trend is only really related to the time frame that is being traded.
Spot on Rick.
  • #85,188
  • Jan 5, 2018 4:49am Jan 5, 2018 4:49am
ok tekkies I am quoteing a statement you made lets see if its a reality. "So please bear it for a while and let the newbie's caught up and then we can make the dollars ring BigE'd way of doing" that statement was made 1 and half years ago are the dollars ringing in for you big e way?
  • #85,189
  • Jan 5, 2018 4:59am Jan 5, 2018 4:59am
I have been privileged enough to trade in the same room as Divergence and believe me he has forgotten more about trading than most of you will ever know. When a trader like him has something to say, my advice is to listen.
  • #85,190
  • Jan 5, 2018 5:06am Jan 5, 2018 5:06am
Quoting Divergence
ok tekkies I am quoteing a statement you made lets see if its a reality. "So please bear it for a while and let the newbie's caught up and then we can make the dollars ring BigE'd way of doing" that statement was made 1 and half years ago are the dollars ringing in for you big e way?
so tekkies you have had 15 minutes to reply to the above question your silence on the matter speaks volumes.
  • #85,191
  • Jan 5, 2018 5:07am Jan 5, 2018 5:07am
do I have a correct vision of the trend?

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  • #85,192
  • Jan 5, 2018 5:10am Jan 5, 2018 5:10am
Tekkies - I don't want to knock anyone's enthusiasm and I liked some of your stuff in renko threads on here, but seriously if the Holy Grail of making money in trading was 2 diagonal lines on a chart then the whole world would be millionaires.
  • #85,193
  • Jan 5, 2018 5:14am Jan 5, 2018 5:14am
Quoting fleurdelys
{quote} but with the NFP he can have a big move in any direction ?
True.
You live in France, why can you not trade when NFP is 10 / 12 hours away?
Every order placed is an risk you take, because you do not know what the price will do while the trade is open.
NFP is an event on a calendar you know about, so follow the rules of the method you use.

You can place an order and do any of the following:
- Can close order before news
- Put hard stop loss on broker server
- Move to stop loss to break even + spread when in profit.

BigE
post#11
....................
If I do any day trading I'll use 1hr charts at news time.
.................
Even if I scalp the market I use 4hr charts with success....
4hr charts have less noise, less head fakes, less influence by any news.
post#779
...............................
News... hummm... It can have a big effect on the 5/15/30 minute charts and 1 hour too at certain times.
While trading the 4hr charts I don't pay much attention to it UNLESS IT'S a MAJOR news release...
If it's major (red on FF Calendar) I'll wait until after the news release and the market calms down...
post#1531
I don't trade during news on purpose...
I trade after it starts smoothing out after the news...
NFP is hell on wheels... you got to have brass to trade it...
  • #85,194
  • Jan 5, 2018 5:16am Jan 5, 2018 5:16am
Quoting handy148
Tekkies - I don't want to knock anyone's enthusiasm and I liked some of your stuff in renko threads on here, but seriously if the Holy Grail of making money in trading was 2 diagonal lines on a chart then the whole world would be millionaires.
excellent point
  • #85,195
  • Jan 5, 2018 5:21am Jan 5, 2018 5:21am
Quoting handy148
Tekkies - I don't want to knock anyone's enthusiasm and I liked some of your stuff in renko threads on here, but seriously if the Holy Grail of making money in trading was 2 diagonal lines on a chart then the whole world would be millionaires.
Hi Handy.
Wish, it were like that.
Those 2 diagonal lines on a chart is only to find the trend direction. Up or Down. With that information you can answer with confidence the following question in Post#647
......................
Am I in an uptrend or downtrend.. short & long term...
......................
  • #85,196
  • Jan 5, 2018 5:26am Jan 5, 2018 5:26am
Quoting Tekkies
{quote} Hi Handy. Wish, it were like that. Those 2 diagonal lines on a chart is only to find the trend direction. Up or Down. With that information you can answer with confidence the following question in Post#647 ...................... Am I in an uptrend or downtrend.. short & long term... ......................
folks this guy refuses to get it if you want to follow him be my quest but that's faulty information just saying
  • #85,197
  • Jan 5, 2018 5:28am Jan 5, 2018 5:28am
Trend is Market Structure - HH HL LH LL as Divergence has already explained.
  • #85,198
  • Jan 5, 2018 5:29am Jan 5, 2018 5:29am
USDJPY - Back to trading Bars with INTENT

Shouldn't we just follow the big players moves.
They are always ahead of the news.
In fact if you follow the weekly chart, almost all news moves the market in that direction. Even Trumps win did not effect the Weekly trend in any way.
A four hundred swing lasted only a day before a long trend continued within that week.
Attached Image (click to enlarge)
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Trading thin liquidity at the boundary of the charts
  • #85,199
  • Jan 5, 2018 5:41am Jan 5, 2018 5:41am
I understand what your doing rick but you must factor in supply and demand look where supply is
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  • #85,200
  • Jan 5, 2018 5:45am Jan 5, 2018 5:45am
Quoting fleurdelys
do I have a correct vision of the trend? {image}
I think, spot on.

When you start to view charts in pullbacks and determine prior S/D zones, you can see how you will minimise risk and maximise gains;

Attached Image (click to enlarge)
Click to Enlarge Name: AudNzd05-01-18.png Size: 233 KB


I don't trade Forex, but this chart looks interesting. Look at the highlighted fib correlations.

Once you see a new HH (2B) after two waves that equal each other (C=A), you can have much more confidence that the trend will now switch to longs and target each previous Supply that was printed on the way down;

Attached Image (click to enlarge)
Click to Enlarge Name: AudNzd05-01-18a.png Size: 202 KB


As i keep saying, plenty to be made both Long and Short.
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