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Trading Made Simple

  • #85,221
  • Jan 5, 2018 12:50pm Jan 5, 2018 12:50pm
Quoting Divergence
Rick you mentioned defining a trend is based on timeframe your trading and I agree totally since we all trade from 1 chart I use tick charts you use 1 or 4hr charts I don't remember but based on Dow theory here's what it looks like {image}
due respect i agree theoritically it is correct ...... with disagree ,i want to called your image just momentum change because same image my view (every coin has a 2 side)please correct me
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Say something meaningful or Silence!!
  • #85,222
  • Jan 5, 2018 12:52pm Jan 5, 2018 12:52pm
Classy I understand what you mean but that wasn't the point. The point was how to determine a trend on 1 chart
  • #85,223
  • Jan 5, 2018 1:00pm Jan 5, 2018 1:00pm
Here's a chart of my 30 minutes of trading today first trend down took pullback then trend change I took pullback and lost then 123 formed broke trend changed to up took pullback
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  • #85,224
  • Jan 5, 2018 1:25pm Jan 5, 2018 1:25pm
Quoting lacatrade
{quote} Hi Tekkies. Could you pls highlight on a chart, which is Bar 0 you mentioned? I could not find any info about that. Many thanks!
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https://book.mql4.com/variables/arrays
  • #85,225
  • Jan 5, 2018 2:30pm Jan 5, 2018 2:30pm
Quoting bunne
About the trend discussion, you can make the trend look like you want it.. just add more bars and the trend changes... The main question is: how many "bars" we use in H4, D1 and W1 to look back If we listen to BigE and when he says he zoomed out as for as he could, that will be 6 months for H4, now this leaves us again with another question: did BigE look at the whole 6 months or did he just spot the latest trend going on. Personally I think that the last 1-2 months can be considered enough to look back on the H4 chart, and the D1 and W1 chart just...
bunne
Can only make assumption as to how many bars on the chart when BigE zoomed out.
I use the data the broker is willing to give me. Only reason is when you download from MetaTrader or Dukascopy or Tickstory Lite you might get different data feed then what your broker is using.
  • #85,226
  • Jan 5, 2018 5:47pm Jan 5, 2018 5:47pm
Quoting rpvrpv
I have just added a 50 and 200 sma to the chart. If price is above both and the 50 is above thee 200 I only buy. If the price is below the 50 and 200 and the 50 below the 200 I only sell. Will I miss some trades, sure but that is ok as it is part of my system.

I LIKE it. Keep It Simple like the way I used to trade TMS M15 years ago.

See the old post:
https://www.forexfactory.com/showthr...54#post8141154

same pic chart posted back in 2015

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Do we need to re-invent the wheel?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,227
  • Jan 5, 2018 5:52pm Jan 5, 2018 5:52pm
Quoting bunne
About the trend discussion, you can make the trend look like you want it.. just add more bars and the trend changes... The main question is: how many "bars" we use in H4, D1 and W1 to look back If we listen to BigE and when he says he zoomed out as for as he could, that will be 6 months for H4, now this leaves us again with another question: did BigE look at the whole 6 months or did he just spot the latest trend going on. Personally I think that the last 1-2 months can be considered enough to look back on the H4 chart, and the D1 and W1 chart just...
I learned to Keep It Simple:

I use always two(2) bars and look back.

Which two(2) bars in which timeframe?

With just two(2) bars, you will also see the support & resistance.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,228
  • Jan 5, 2018 6:18pm Jan 5, 2018 6:18pm
Hey Folks,

We just completed 4 trading days in Week 01 in a brand new year 2018.

Are you planning on making trading changes this year?

Get some tips which can Help You Sustain those changes.

Back to school...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,229
  • Jan 5, 2018 6:33pm Jan 5, 2018 6:33pm
About Market Types and trends:

1) There is Bullish trend.
2) There is Bearish trend.
3) There are two types of Sideways market types both types can either be Bullish or Bearish.
The wide range Sideways market type is good for TMS trading but not the narrow range Sideways market type.

Know how to identify support and resistance using a CONSISTENT approach and you will see the 3 Market Types.

Now use Google search "Market Types".
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,230
  • Jan 5, 2018 6:35pm Jan 5, 2018 6:35pm
Quoting Divergence
Rick you mentioned defining a trend is based on timeframe your trading and I agree totally since we all trade from 1 chart I use tick charts you use 1 or 4hr charts I don't remember but based on Dow theory here's what it looks like {image}



that is simple enough for me.

Thanks Divergence.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,231
  • Jan 5, 2018 6:38pm Jan 5, 2018 6:38pm
Emmanuel there really is no need for ema when looking at market structure lower lows lower highs taking pullback to supply gets you all these trades with no confusion or any need for confirmation all entries are limit orders
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  • #85,232
  • Jan 5, 2018 6:43pm Jan 5, 2018 6:43pm
Quoting fleurdelys
{quote} {quote} I read that you should never open a position with big news like NFP

I don't open new H4 swing trades positions on Fridays. I close all my H4 swing trades before London session closing with only one exception.

I also don't trade H1 during the NY session. Sleep is more important than trading.

When I want to day trade, I can do it in the mornings during the Sydney and Tokyo first 5 hours. Buy these days, I have other better things to do.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,233
  • Jan 5, 2018 6:51pm Jan 5, 2018 6:51pm
Quoting Divergence
Emmanuel there really is no need for ema when looking at market structure lower lows lower highs taking pullback to supply gets you all these trades with no confusion or any need for confirmation all entries are limit orders {image}

Hey Divergance,

I fully agree with you and I have learned to see market price structure without the moving averages.
But many people still want to trade with visual aids on charts which give them the visual confidence. Given more screen time and realtime trading, their own experience will teach them build their own confidence.

Some traders refrain from using limit orders, its their 'fear' of missing a trade when price do not trigger their limit orders. They either jump into the market or use stop orders.

Have a good weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,234
  • Jan 5, 2018 7:35pm Jan 5, 2018 7:35pm
heres how you deal with the fear of not getting filled with this little trick http://www.mybooklibrary.com/traders...earnforex.html
  • #85,235
  • Jan 5, 2018 8:30pm Jan 5, 2018 8:30pm
GBPUSD - What's up in th coming weeks?

MN Big Picture of key price levels or call them Location whatever you want.

Attached Image (click to enlarge)
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W1 WCC breakout last week close
Market Type is Sideways Ranging Bullish... buy the dips.

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gray zone?
will watching closely when GU trades into the weekly gray zone.
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TMS chart below:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,236
  • Jan 5, 2018 9:01pm Jan 5, 2018 9:01pm
Quoting emmanuel7788
EURUSD H4 Jan 05 pre-NFP To sell or not to sell? {image}
I will go with, not to sell.

It looks like it could create a wedge top with a 3rd push up on the H4. I would wait for that, then I would favor a sell.

Quoting emmanuel7788
{quote} Yes. Let's see a show of hands who wants to discuss expert advisors in this thread.
*raises hand*
  • #85,237
  • Edited 12:53pm Jan 6, 2018 12:22pm | Edited 12:53pm
Trading EURUSD Fryday 08/01/2018
Have any reader ever checked what a pair does on red news in past history?.
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EURUSD:
H1 - Yes, angle below 5.

Prefer to trade the H1 time frame.
When those order's were place there was no "hindsight" trading.
The following information was taken from the chart at that time before the order was placed.
(The observation was done much faster then writing this post)

- Check Support / Resistance level
EURUSD test this level many time since Aug 2017.
Support Resistance.ex4 showed verified resistance * 3 times. Probability strong that it can be tested again.
- Check trend
Preceding days showed a up trend (when S/R level was tested a down trend followed every time).
Can not explain why H4 agreed with H1 with green bounce against red. It only confirmed even more a sell order can be placed.
- Check 5EMA
Below
- Check bar
- consolidation is mostly bar's of the same size.
Previous bar's show consolidation. Bar 0 moved down past those small bar's
- Check wick
Wick's did not give much informastion
- Check TDI level
Just below level 68. Very close to oversold
- Check angle
Very strong angle, almost 5H15
- Check stoch
Down.
-----------------
Post 647
Take note that post#647 short references to:
- Check TDI level
- Check wick
- Check Stoch
- Check 5EMA
-----------------
Above image has only the rules.
In Post 84,947 rules were explained a little bit
In Post 84,888 a peek was taken what is behind BigE's post#11.
Can only say so much about same rules:Post 84,616

There is much more to post#647 then what the rule's mentioned.
Post#84 888 showed when you really put in the effort you can make comprehensive study notes about each post.

For example to place more then one order:
This is not part of TMS
Price is in a trend try and use the following:
Look at:
(eyes are good or Ctl+F for cross-hair)
- distance between red and green line. use H- Line
- distance between bar open and 5EMA. use V-line
small? no trade
big? place trade
- 5EMA, Red, Green , stoch same === direction strong
- stoch should be already on OB/OS
if not then trend is weak
- stoch is flat line trend is strong
- stoch wiggle a lot trend is going weak / strong
Green line
- the more straight the line is in direction of trend the better
lower degree to 3 1/2 and 2 1/2
look at previous big trend (zoom in) and check how green look in strong trend
(pm sent)

Post 119
You can't get different results if you keep doing the same thing over and over...
  • #85,238
  • Jan 6, 2018 1:53pm Jan 6, 2018 1:53pm
So your first entry puts you in the hole 200 pips really what kinda trading is that what's your stop 1000 pips
  • #85,239
  • Edited 4:44am Jan 7, 2018 1:35am | Edited 4:44am
Quoting Tekkies
Trading EURUSD Fryday 08/01/2018
Continue from Post 85,237

- Check Support / Resistance level (S/R)

What is Support / Resistance level? (can be a line or range between HL and LH)
(Each trader, webpage has it definition)
Basically it is a self fulfilling imagery level where price in the past did not exceeded and turned around.

You can use an indicator to plot S/R or do it manual. There is no fix time to plot S/R, any time will do when you feel required to do so. With practise the need to plot S/R by means of a V-line will disappear as you start to recognise those level's by visual observation.

Simple way finding S/R level.
Start on Monthly Chart and down to the time frame of preference. Draw only the least amount of line's, meaning - the more bar's touch the V-line the better.
Try and limit the V-line's to 2, 3, 4 per chart. Every lower time frame adjust the previous V-lines to touch closest bar's HL or LH.
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..........................................................................................................
- Check Trend

The recent mudslinging was because member's don't follow the OP's instructions.
Member's tend to forget that this trend is Trading Made Simple, with a simple method, with simple rules, with simple word's.

Post 686
Trend... long term and short term...
I take a chart and make the candles as small as they will go to find the direction of the long term trend...
Then I enlarge them to my normal trading size for the current short term trend...
If they are the same I feel I have better odds on my side...
if they are opposite I may trade less lots per trade...
I will pay more attention to the last swing (candle size & length)..
................................
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To draw short trend lines, untick the following block in Trend line
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  • #85,240
  • Jan 7, 2018 9:01am Jan 7, 2018 9:01am
Quoting Divergence
heres how you deal with the fear of not getting filled with this little trick http://www.mybooklibrary.com/traders...earnforex.html
Thanks for the PDF! I stumbled on it before, but it was a pleasure to go through it again. The entry method reminds me of Dr. Alexander Elder triple screen strategy. Good stuff!
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