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Trading Made Simple

  • #85,441
  • Jan 11, 2018 3:00am Jan 11, 2018 3:00am
Nice resistance on EU 1.20 round number
I think to wait break of the candle for short or buy?

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  • #85,442
  • Jan 11, 2018 3:05am Jan 11, 2018 3:05am
Quoting emmanuel7788
{quote} I see only one of each: BUOB BUEB
What does these words mean? Bullish / bearish / Outside Bar?
Thank you
  • #85,443
  • Jan 11, 2018 3:21am Jan 11, 2018 3:21am
Quoting fleurdelys
{quote} What does these words mean? Bullish / bearish / Outside Bar? Thank you
Sorry for my questions I found!
BUOB BUllish Outside Bar
BUEB BUllish Engulfing Bar
^^
  • #85,444
  • Jan 11, 2018 3:30am Jan 11, 2018 3:30am
Sorry but what difference with Outside Bar and Engulfing Bar?

https://www.forexfactory.com/attachm...1&d=1391542172
https://www.forexfactory.com/attachm...3&d=1391542249
  • #85,445
  • Edited 3:56am Jan 11, 2018 3:44am | Edited 3:56am
Quoting fleurdelys
Sorry but what difference with Outside Bar and Engulfing Bar? https://www.forexfactory.com/attachm...1&d=1391542172 https://www.forexfactory.com/attachm...3&d=1391542249

the difference is the price momentum and what TMS traders look for inthe TDI Green line slope/angle, etc.

an outside bar does not necessary give a good TDI Green slope.
it is the Close price of the bar that count when you use the TDI Red Green post#25.

but when you use the TDI RT set to the Synergy Pro TDI setting, the Green slope/angle does not matter.

Edit.

add GJ H4 chart showing BEOB
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will post after this H4 close
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,446
  • Jan 11, 2018 4:01am Jan 11, 2018 4:01am
Now you compare the TDI Green before and after the H$ candle close,

Attached Image (click to enlarge)
Click to Enlarge Name: GJ H4 BEOB close.png Size: 17 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GJ H4 BEOB close new H4.png Size: 18 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,447
  • Jan 11, 2018 4:14am Jan 11, 2018 4:14am
Quoting fleurdelys
Sorry but what difference with Outside Bar and Engulfing Bar? https://www.forexfactory.com/attachm...1&d=1391542172 https://www.forexfactory.com/attachm...3&d=1391542249

You asked a simple question, and you deserve a simple answer. The answer is that there is no difference, two names for the same thing.

https://www.dailyfx.com/forex/educat...ical_Bars.html
Doing what you like is Freedom. Liking what you do is Happiness.
  • #85,448
  • Jan 11, 2018 6:07am Jan 11, 2018 6:07am
Quoting fleurdelys
Sorry but what difference with Outside Bar and Engulfing Bar? https://www.forexfactory.com/attachm...1&d=1391542172 https://www.forexfactory.com/attachm...3&d=1391542249

here is an example, one of Big E' old post#968 where he replied to a member trade chart.

an Outside Bar is not necessary an Engulfing Bar. An Engulfing Bar Close must be either higher or lower than the previous bar High or Low.

we must look at those bars in the context how we trade TMS with the TDI.

A price Engulfing Bar usually give a good TDI angle/slope and result in quick profits... in 1 to 2 bars.

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Click to Enlarge Name: Big E post 968.png Size: 258 KB


if you do a search of Big E posts with keyword "momentum", you will find many posts where he reply to members posts and charts. Look clsoley at thos charts and see what those price bars are.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,449
  • Jan 11, 2018 6:22am Jan 11, 2018 6:22am
Price Action ...

there are tons of price action resources available online.
far too many and it will take you your lifetime to read them all, and
you will find many generic stuff repeated by different forex trading websites, coaches, gurus, etc.
you will get a full information overload and you will not progress in your trading.
you need to know exactly what you need which you want to add on to your trading system development.

I started learning from Steve Nison's Japanese candlestick workshop course in 1990s.
Further my own research and self study with Thomas Bulskowski's resources , his books and website Pattern Site.
Went on and learn from Joe Dinapoli 2007 - 2008.

But after spending the thousand of hours and thousands of dollars, I only use 5% of all that I learned.

Trust me, you will get information overload. I have been through that phase many times and I learn how to get out of it. I know what that means when people say 'keep it simple'. It comes back to what my own beliefs through my own experience.

Profiting in Forex by Steve Nison here is one more back in 2013. More than 13,000 downloads...
http://www.forexfactory.com/showthre...50#post6720450

I am sure many of you are new to this huge thread and did not read all the post so far,

It has been more than 5 years , some of you have a lot to catch up with what is Price Action trading and why Post#647 is so important for you to know and understand for you to succeed in trading with this TMS 5-Method.

Trading can only be made simple after you have mastered price action trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,450
  • Jan 11, 2018 6:37am Jan 11, 2018 6:37am
Quoting Tekkies
{quote} No they not. Price is what price does - Always seeking the right price which is influence by events globally - import, export, war, nature, politics. Price Action is the reaction of the trader to how Price is display on the platform in use by the trader: Bar, Chart, Line, Renko............... Trader see a pattern his reaction to that pattern is : Price Action {quote} Thanks for that remark Rick. Which was on called for. Who is the member that come to Trading Made Simple and started to post about a other method to use? Will it not be that...
Your definition and understanding of price action is PRICELESS, literally.
  • #85,451
  • Jan 11, 2018 6:37am Jan 11, 2018 6:37am
Slow day with USD pairs today.

No trade setups for EURUSD and USDCHF but manage to find some in GBPUSD and USDCAD using the plain old 'yellow brick road' which Big E removed.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,452
  • Jan 11, 2018 6:39am Jan 11, 2018 6:39am
Quoting Ss45
{quote} Your definition and understanding of price action is PRICELESS, literally.

when I am in doubt, I lookup Investopedia

https://www.investopedia.com/article...strategies.asp
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,453
  • Jan 11, 2018 7:03am Jan 11, 2018 7:03am
Quoting Ss45
{quote} Your definition and understanding of price action is PRICELESS, literally.
Glade you agree.
  • #85,454
  • Jan 11, 2018 7:13am Jan 11, 2018 7:13am
Quoting Tekkies
{quote} Glade you agree.

NO I did not agree! I meant to say it bears no value.

priceless
(ˈpraɪslɪs)
adj
1. of inestimable worth; beyond valuation; invaluable
2. informal extremely amusing or ridiculous
  • #85,455
  • Jan 11, 2018 7:15am Jan 11, 2018 7:15am
Quoting Ss45
{quote} NO I did not agree! I meant to say it bears no value. priceless (ˈpraɪslɪs) adj 1. of inestimable worth; beyond valuation; invaluable 2. informal extremely amusing or ridiculous
Ok, you made your statement. Now proof it.
  • #85,456
  • Jan 11, 2018 7:17am Jan 11, 2018 7:17am
Check out the link


Quoting emmanuel7788
{quote} when I am in doubt, I lookup Investopedia https://www.investopedia.com/article...strategies.asp

Price doesn't move by itself. Humans move the price based on their perceived environmental condition.

You could have nukes blowing up but if everyone ignores it. Price going nowhere.
  • #85,457
  • Jan 11, 2018 7:34am Jan 11, 2018 7:34am
Quoting Ss45
Check out the link {quote} Price doesn't move by itself. Humans move the price based on their perceived environmental condition. You could have nukes blowing up but if everyone ignores it. Price going nowhere.
Should have added your own word's. Then it would have been of no value aswell. For a post can be written informatively with the aid of google.

Listen to the first 15 min this video.
Inserted Video
  • #85,458
  • Jan 11, 2018 7:34am Jan 11, 2018 7:34am
Quoting catalin_eros
{quote} I do not normally trade M5, and I did not plan on trading in the beginning of January, but I was bored while traveling today with some personal business, and I had to kill the time on the road. So I took a look at M5 charts. I entered with very small lots (since I've never traded S/D before), based on your S/D technique. I entered based on what you explained to me via PM, and it worked out. 124 pips on EU, which helped me with the travel expenses. So don't tell me that you are wasting your time here, because you are not. And know...
Hi!
Where did you place the SL?
  • #85,459
  • Jan 11, 2018 8:03am Jan 11, 2018 8:03am
Quoting Ss45
Check out the link {quote} Price doesn't move by itself. Humans move the price based on their perceived environmental condition. You could have nukes blowing up but if everyone ignores it. Price going nowhere.
You only confirm what I wrote.
Price is what price does - Always seeking the right price which is influence by events globally - import, export, war, nature, politics.

Who import, export good's = human's
Who make war = human's
Nature ='Nuke's = disaster's = human's
Politic's = human's

Now what does a trader do when he see that price on the chart? He's reaction will be one of 4 = No trade, Buy, Sell, Close trade.
Why - Price already contain all the information that happens world over.
  • #85,460
  • Jan 11, 2018 9:30am Jan 11, 2018 9:30am
I was one bar too late on NJ H4
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