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Trading Made Simple

  • #86,881
  • Apr 27, 2018 2:45am Apr 27, 2018 2:45am
You can trade the TDI cross any time frame any hour
No Cross, No Trade
When you see a cross, apply post#647 before placing an order.
You need to understand what BigE has posted or else you will lose your deposit.
You don't need the crape that is posted in this thread by other members that contradict post#1
Attached Image
  • #86,882
  • Apr 27, 2018 2:59am Apr 27, 2018 2:59am
Just a heads up ... EU all looks so -ve across all time frames but it's Friday after a heavy week for the euro and the Americans will arrive in 3 hours ... be careful of the swing. Just a thought...
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All for one and one for all
  • #86,883
  • Apr 27, 2018 3:05am Apr 27, 2018 3:05am
Quoting cvgreen46
Just a heads up ... EU all looks so -ve across all time frames but it's Friday after a heavy week for the euro and the Americans will arrive in 3 hours ... be careful of the swing. Just a thought... {image}

Keep on selling. We may see 1.1950 in matter of days/weeks.. in the next month.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,884
  • Edited 3:20am Apr 27, 2018 3:07am | Edited 3:20am
Quoting RickM
{quote} Hi Onejester Since you like the work from Divergence and Cable Guy, you are following the wrong thread here. I suggest you spend time on Strats stress free thread where you can learn the basic of price action movement and understand how Divergence uses trend in pullbacks. This thread is sending you in the wrong direction.
I tried it, could bring tears to a glass eye. Divs/CG's thread is great for the day, there isn't really any need for anything else. I just wanted something I can set up before I go to bed.

But I can see you guys are reluctant to mildly experiment or expand, even if it is for the better.

Unless your name is Emmanuel, of course.

Please make sure you keep it up by showing some entries, exits and mistakes. If not, the thread will die as the repeats will continue and Google (as well as new traders) will suss it out eventually. Maybe for the best.

I'll leave you all to it.
'in less than half an hour he made over 100 ticks'
  • #86,885
  • Apr 27, 2018 3:12am Apr 27, 2018 3:12am
Quoting Tekkies
{quote} Master OneJester. Have answered SS45. ----- 1. Stoch setting wrong - 8.3.3 not 8.3.80 2 TDI setting unsure. Does "Last" have the value of 0? ---- Analysing a chart that has been zoomed out. I can't do that. BigE maybe. The way emmanuel read chart's for sure , so you should ask him -------- Sorry Jester I am only going to waste your and my time
Tekkies

You are a good guy. You know where you can find me

Catch you later.
'in less than half an hour he made over 100 ticks'
  • #86,886
  • Apr 27, 2018 3:19am Apr 27, 2018 3:19am
Quoting emmanuel7788
{quote} Keep on selling. We may see 1.1950 in matter of days/weeks.. in the next month.
Indeed, it is all very -ve and the EU may well see 1.1950 ... so yes sell any near-term recovery in this current down trend until further notice if that meets your analysis.

I am not a long-term trader and rarely carry positions over a weekend but that is my personal trading style. The intention of my post was to (in my opinion) warn anyone of chasing a rapidly falling price at the end of a heavy week.

Happy trading .... keep the discipline
All for one and one for all
  • #86,887
  • Apr 27, 2018 3:28am Apr 27, 2018 3:28am
Quoting cvgreen46
{quote} Indeed, it is all very -ve and the EU may well see 1.1950 ... so yes sell any near-term recovery in this current down trend until further notice if that meets your analysis. I am not a long-term trader and rarely carry positions over a weekend but that is my personal trading style. The intention of my post was to (in my opinion) warn anyone of chasing a rapidly falling price at the end of a heavy week. Happy trading .... keep the discipline

yes, I agree with you

for those trading the 4H short swing , you will find new trading opportunities every week on your H4 charts. Price moves in waves, you will have swing low and swing high every week.
Trade those swing on H4 and close your trades by the time London session closes on Friday. What ever happens during the second half NY session does not matter. Start again when the new week re-opens.

Unless you are trading the D1 chart which I do, you need a different entry and exit strategy to manage the risks holding on to positions for weeks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,888
  • Apr 27, 2018 3:40am Apr 27, 2018 3:40am
Attached Image (click to enlarge)
Click to Enlarge Name: sell jbpjpy.JPG Size: 283 KB


sell gbpjpy h4 +98 pips
  • #86,889
  • Apr 27, 2018 3:40am Apr 27, 2018 3:40am
Quoting kevinfeng
{quote} Hi, emma, may i ask that you will close all positions of EURAUD at once or close the basket step by step to get a smaller loss if you trade with MEME and the HA color changed like this? thank you.

when you see the APB/HA close with change in colour, close all positions.
using the APB/Ha colour change for exit is better than waiting for the TDI cross in opposite as what Big E suggested in his post.
Reason is obvious when you are in a strong trend and the TDI cross exit will lose a lot of pips. Study old D1 charts and you will see this is true.
If you had limit each basket to maximum 5 positions and using the ADR, you will lose a few trades in one basket.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,890
  • Apr 27, 2018 3:40am Apr 27, 2018 3:40am
Quoting Tekkies
You can trade the TDI cross any time frame any hour No Cross, No Trade When you see a cross, apply post#647 before placing an order. You need to understand what BigE has posted or else you will lose your deposit. You don't need the crape that is posted in this thread by other members that contradict post#1 {image}
Tekkies, Hope you are still short or at least taken a nice profit after that UK GDP number Nice one.
Attached Image
All for one and one for all
  • #86,891
  • Apr 27, 2018 3:46am Apr 27, 2018 3:46am
Quoting amiralifx
{image} sell gbpjpy h4 +98 pips

WOW!

You caught that D1 BEEB/BEOB at key resistance 152.55 ... CONGRATULATION!

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Week 17 Apr 27 BEEB_BEOB.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,892
  • Apr 27, 2018 4:17am Apr 27, 2018 4:17am
GBPUSD Week 17 Apr 27 open positions

I have 7 open positions - 1 from yesterday and 6 open today.
Waiting to close them all soon at price is near a support zone.
If this week close lower, then we see the breakout of the WRB and next week will still be selling.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 17 Apr 27 open positions.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,893
  • Apr 27, 2018 4:28am Apr 27, 2018 4:28am
Quoting emmanuel7788
{quote} WOW! You caught that D1 BEEB/BEOB at key resistance 152.55 ... CONGRATULATION! {image}
Hello boss,

What is BEEB/BEOB? Sorry for noob questions
Building a Freedom All Time Return: 5,178.8%
  • #86,894
  • Apr 27, 2018 4:50am Apr 27, 2018 4:50am
Quoting cvgreen46
{quote} Tekkies, Hope you are still short or at least taken a nice profit after that UK GDP number Nice one. {image}
Closed order.
Reason :
The show is over, looking at the higher time-frames GU is going to bump Support, some red new's, weekend. Can always enter again.
Attached Image
  • #86,895
  • Apr 27, 2018 5:23am Apr 27, 2018 5:23am
Quoting J1mm
{quote} Hello boss, What is BEEB/BEOB? Sorry for noob questions
Some fancy abbreviations for candle patterns invented by rocket scientists many years ago. Made populêre by Strat's Long Term Stress Free Trading and now James bond aka 7788 thinks everybody should use them.
If you:
do read: Strat's Long Term Stress Free Trading
read also: Strats Stress Free Trading is not Credible. Why read this one? To make you think. If one member can fool other members then ................
Fill in the dotte lines yourself.

Candle patterns are subjective to interpenetration. (Where one trade see a bull a other would see a bear (you have seen the photo))
Yes, pattern's do occur. Does price obey the rule that is linked to that pattern is at best subjective to interpenetration
#####
BigE called them big, small, long, short.
Why?
Rather look at what the candle size en wick lengte is showing.
Big bar's = strength
Small bar's = weak
Long wick's = resistance
Short wick = little resistance
  • #86,896
  • Apr 27, 2018 6:00am Apr 27, 2018 6:00am
Quoting J1mm
{quote} Hello boss, What is BEEB/BEOB? Sorry for noob questions
@J1mm,

Obviously you do not read this thread on regular basis and ask question too quickly. Its okay with me because being here in this thread for 7 years I am have developed a lot more patience.

when someone say small candles , big candles, etc. they can be subjective. What is seen as small may not be small to another person. Like wise what is big may not necessary be big to another. So we being smart people we must be specific with small and big candles.

Here is a repeat of my anwser to another member last week.

Price Action, Price Action, Price Action,...

What is Price Action to me? I keep it simple by looking at just a few price bar patterns becasue I look at the Price Bar chart with the APB/HeikenAshi candles in the background.

To succeed in trading with TMS 5-Method you need to have a lot of experience in price action trading and how to recognise the market conditions.
This is what Big E wrote in his post#647.
what to define as big candles, small candles,
how to see short term trend, long term trend,
how to see consolidation,
how to locate support and resistance, etc.
You need to develop your technical edge using Post#647.
Without a technical edge, most people will not likely to make it to the next level to become better traders.

Knowing a few price bars/candlestick patterns will help you identify the above and develop your edge.

Weekly Control Candle WCC is original strat's The PATH.
see strat's post #276 in his new thread.

WRB is well know from the study website which I previously provided the link in this thread. This is more for advance traders.

Differences between WCC and WRB
WCC is seen only in Weekly timeframe.
WRB can be seen in every timeframe from M1 to MN. But do not over do that, I only look at WRB in my trading timeframes - W1, D1, H4, H1 and M15.

WCC is not always a 'big' candle. WCC will control the trading range until there is clear breakout of that range. Most effective when trading the D1 chart.

WRB must always a big candle following the criteria that the WRB must the largest candle of the two previous candles.

Both the WCC and WRB are just two simple ways to look at the market conditions for us to pick our trades. Big E had been very clear with three things in his Post#647. .
1) Do Not trade when the PA is in CONSOLIDATION or when near CONSOLIDATION.
2) Avoid trading when near to support and resistance.
3) Know your short term and long term trends.

If you have a consistent approach to the above, you will most likely do well in trading like Big E did.

Other than WCC and WRB, there are a few other price bar patterns which I use. These are also big candle and small candles by BIG E definition.
BEOB/BUOB
BUEB/BUEB
DBHLC/DBLHC
IB/DIB
PB
MC[3].
Just these few which are most common and do not overwhelm yourself with more than these few. Keep It Simple.


see these old posts:


https://www.forexfactory.com/showthr...1#post10585151

https://www.forexfactory.com/showthr...3#post10474333

https://www.forexfactory.com/showthr...8#post10258668

https://www.forexfactory.com/showthr...2#post10084262

https://www.forexfactory.com/showthr...29#post8789529

https://www.forexfactory.com/showthr...62#post8671262

https://www.forexfactory.com/showthr...63#post8669963

https://www.forexfactory.com/showthr...43#post6760343
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,897
  • Apr 27, 2018 6:04am Apr 27, 2018 6:04am
Quoting J1mm
{quote} Hello boss, What is BEEB/BEOB? Sorry for noob questions

And here is one more post for you and all others who may have the same question.

Should be more than enough for this weekend reading.

Price Action stuff:

Profiting in Forex Post#20,118 by Steve Nison
Three powerful forex pattern pdf... Post#20,110

Hikkake: Post#16,419
Inside Bar : Post#42,301
Mother Bar : Post#55,045
Master Candle : Post#28,556 pdf in Post#25,594
Master Candle (3): Post#54,546
WRB introduction in the pdf TMS 5-Method Basic Rules: Post#53,842
Wide Range Bar study: Post#54,551
Candlestick Patterns PASR for trading TMS Post#23,202 Post#28,601
Candlestick Reversal Patterns Post#17,049
Candlestick Fibonacci and Chart Patterns Trading Tools Post#31,777 (by Robert Fischer)

ThePatternSite by Thomas Bulkowski:
http://thepatternsite.com/CandleEntry.html

Pop Gun
http://www.forexfactory.com/showthre...43#post6549743

explained in pdf here.
Page 24 “How to use Bar Patterns to Spot Trade Setups”
http://www.forexfactory.com/showthre...48#post7273348
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,898
  • Apr 27, 2018 6:09am Apr 27, 2018 6:09am
Quoting emmanuel7788
GBPUSD Week 17 Apr 27 open positions I have 7 open positions - 1 from yesterday and 6 open today. Waiting to close them all soon at price is near a support zone. If this week close lower, then we see the breakout of the WRB and next week will still be selling. {image}

GBPUSD Week 17 Apr 27,

will be closing soon +724 ... before US GDP data.

How to fight this?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 17 Apr 27 open positions 724plus.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,899
  • Apr 27, 2018 6:27am Apr 27, 2018 6:27am
Overload of information.
You don't need all that information. Will it make you a better trade. Maybe, maybe not.
Which pattern or Price Action is going to give you the confidence to place an order?
Busting 5 Price Action Trading Myths
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  • #86,900
  • Apr 27, 2018 6:29am Apr 27, 2018 6:29am
Quoting emmanuel7788
{quote}How to fight this? {image}
Close order!
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