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Trading Made Simple

  • #88,121
  • Jul 4, 2018 6:06am Jul 4, 2018 6:06am
GBPUSD Jul 04 - WHEN and WHERE not to trade.

Example below:

Not common to see a price bar/candle as Spinning Top and also the HA candle is spinning top. And the Daily is Double Inside Bar.

Smart money uses news event to fill orders and we poor retail traders do not know what type of orders in the market.
We wait till we see buyers and sellers with momentum. We can be late with our entry but then there are other ways to trade.

Usually more often we see the HA candle as spinning top at some key support / resistance level but the real price is an Engulfing Bar pattern which shows momentum. Learn to spot these type of price action pattern.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 27 Jul 04 H4 Doji PB and HA.png Size: 70 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,122
  • Jul 4, 2018 6:13am Jul 4, 2018 6:13am
Ancient Wisdom

a blast from the past...
https://www.forexfactory.com/showthr...51#post5351651
https://www.forexfactory.com/showthr...78#post8614378

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,123
  • Jul 4, 2018 6:15am Jul 4, 2018 6:15am
Quoting emmanuel7788
{quote} The way you trade in your post is not TMS. Where is your HA candles?
And neither are you.
Since when does TMS use multiply chart's or PAC or what ever you take a liking in.
----------------------
https://www.forextester.com/blog/heikin-ashi-indicator
Bad things about the Heikin Ashi chart:

  1. Every indicator that is based on slowing down the signals does its best on trends only. Heiken Ashi smoothed signals do not let you to notice the reversal in time. Any Heiken Ashi strategy should take into consideration that lagging indicators not only dismiss useless signals to open the trade but also provide you with a late signal for closing the trade. That is why you will often see the market slowly destroying your profit and later on, you will understand that the trend has already changed.
  2. This indicator does not fit short-term and scalping strategies.

Post#49 ..................It's more calming to trade HA candles...............
Post##285................ fine tune it to your understanding... don't add anything................
- Can handle Madam Price's mood swing's
- M15 chart does not go well with HA candle's so I removed it.

snarlyjack removed Stoch and BigE did not flamed him for that.

  • #88,124
  • Jul 4, 2018 6:34am Jul 4, 2018 6:34am
Quoting Tekkies
{quote} And neither are you. Since when does TMS use multiply chart's or PAC or what ever you take a liking in. ---------------------- https://www.forextester.com/blog/heikin-ashi-indicator Bad things about the Heikin Ashi chart: Every indicator that is based on slowing down the signals does its best on trends only. Heiken Ashi smoothed signals do not let you to notice the reversal in time. Any Heiken Ashi strategy should take into consideration that lagging indicators not only dismiss useless signals to open the trade but also provide...

@Tekkies,

This where you did not read and did not understand.

Big E when he started as a newbie, he used he PAC and he still had them on his some of his charts when he posted with the PAC is very light colours.
He also use the 5EMA typical price, Shift+3 from another system.

But when he started to trade with more aggressive entry without the use of the 5EMA, he still show them on his training charts. Why?

With his more aggressive entry he no longer wait for TDI Green to cross Red, You missed this , didn't you? There is something else he looked at. Its in the old thread. he was good at tweaking other systems and cherry pick.

He also mentioned that the original conservative entry still work, right? Conservative entry is when the HA candle close above or below the 5EMA. This is the best type of entry for newbies, very safe but newbies need to know when and how to avoid trading when there is market consolidation.

Why I suggest use the original PAC?
Very simple, the PAC is best for newbie traders and it help filter the small candles in the trading timeframe.

The PAC on the Daily chart also help to show when the market is in narrow range and traders can then decide if they want to trade M15 or H1.

Lots of tutorial vidoes explaining all these, and those videos are free to watch. Better watch them before they disappear online.

The pipware multi-charts came after he passed away. It useful for training and explaining.I do not need to make several different charts and post multiple charts. Jutst one screen showing multiple chart timeframe save a lot of time doing screen capture and posting.
The same with TMS Monitor, great tool for alerts when I trade 20 pairs in different timeframes. I don't have to be watching my charts for setups. I wait for email alerts.

Snarlyjack removed the Stochastic because he trade Synergy Pro system and DOTS. He also use the Guppy MAs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,125
  • Jul 4, 2018 7:08am Jul 4, 2018 7:08am
Quoting emmanuel7788
{quote} @Tekkies, This where you did not read and did not understand. Big E when he started as a newbie, he used he PAC and he still had them on his some of his charts when he posted with the PAC is very light colours. He also use the 5EMA typical price, Shift+3 from another system. But when he started to trade with more aggressive entry without the use of the 5EMA, he still show them on his training charts. Why? With his more aggressive entry he no longer wait for TDI Green to cross Red, You missed this , didn't you? There is something else he...
This is going nowhere.
Remove want you want, add what you want, propagate what you want. Who care's?
mmmmm That "Who care's" statement will be wrong.
a New member will care because who is right. BigE or the new indicator / method that is being promoted.
  • #88,126
  • Jul 4, 2018 7:30am Jul 4, 2018 7:30am
Quoting Tekkies
{quote} This is going nowhere. Remove want you want, add what you want, propagate what you want. Who care's? mmmmm That "Who care's" statement will be wrong. a New member will care because who is right. BigE or the new indicator / method that is being promoted.
For me it has gone some where.

I know who is right.

Big E was right in everything which he posted. Those things did worked for him.

But to the newbies here, do you believe those things will work the same for you?

I believe in my own experience. I learned everything that Big E posted.
I have seen, I have read, I have listened, I have practice, practice and practice, I have mastered the 5-Method over the past years.
I have built my own winning trading system with the 5-Method that fits me. In my winning system I have my own money management strategy incorporated that helped me reach my financial goal.
I have developed my mental strategies to confront the different market conditions and I am conditioned mentally as a trader. This is now my winning edge.

As newbie traders aspiring to become profitable traders one day, you will need to work towards developing your own winning systems that fits you.

TDI Green cross Red is only a technical indicator condition. It is not the winning edge.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,127
  • Jul 4, 2018 7:43am Jul 4, 2018 7:43am
Long USDCAD
Attached Image (click to enlarge)
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  • #88,128
  • Jul 4, 2018 7:48am Jul 4, 2018 7:48am
Quoting RickM
{quote} ...If I use the TDI indicator, it is only on M5 where News doesn't stuff up a good trend and you can time strong moves. {image}
Rick, would you be using the standard settings with the TDI in the 5 mins timeframe?
Thanks.
  • #88,129
  • Jul 4, 2018 7:55am Jul 4, 2018 7:55am
Quoting emmanuel7788
{quote} For me it has gone some where. I know who is right. Big E was right in everything which he posted. Those things did worked for him. But to the newbies here, do you believe those things will work the same for you? I believe in my own experience. I learned everything that Big E posted. I have seen, I have read, I have listened, I have practice, practice and practice, I have mastered the 5-Method over the past years. I have built my own winning trading system with the 5-Method that fits me. In my winning system I have my...

Then you agree that BigE was right when he posted:
Post 119 On this method the TDI is King. All trades are signaled by it as well as exits...
  • #88,130
  • Jul 4, 2018 8:53am Jul 4, 2018 8:53am
This thread is only for you guys to be fighting each other?? Come on guys!, would you be so kindly to contribute to bigE cause? Strees free learning....
  • #88,131
  • Jul 4, 2018 9:22am Jul 4, 2018 9:22am
Quoting DJsignals
Long USDCAD {image}
DJ
I don't trade USDCAD
- Trade placed in consolidation
- Angle of green
Unsure if it is below or above 2.
(If you are unsure about the angle don't even bother to find reason to place a trade with price action. Just walk away and find a other cross.)
- Looking at D1 - Down trend
- Against long term trend
Short term trend can go anyway. Watch trade and move to BE when you can
- Bar's are all short
No momentum
- Wick's are all over the show. Some top side, some bottom side
Show uncertainty.
- S/R
There is a small zone of resistance level at 1.32220
- No bar above 5EMA
(Never used 5EMA so that might be wrong.)
  • #88,132
  • Jul 4, 2018 10:03am Jul 4, 2018 10:03am
Quoting Tekkies
{quote} DJ I don't trade USDCAD - Trade placed in consolidation - Angle of green Unsure if it is below or above 2. (If you are unsure about the angle don't even bother to find reason to place a trade with price action. Just walk away and find a other cross.) - Looking at D1 - Down trend - Against long term trend Short term trend can go anyway. Watch trade and move to BE when you can - Bar's are all short No momentum - Wick's are all over the show. Some top side, some bottom side Show uncertainty. - S/R There is a small zone of resistance level at...
Thanks to warn me.

APB not good, TDI angle not good,
But im still take the chance, i believe it will fly.

H4 bullish,
Bullish Regular Divergence,
3 bar reversal,
Have Support,
Green back to upper 32,
Above 200 MA.

Im not use 5EMA, it is on chart because to satisfied my eye.
  • #88,133
  • Jul 4, 2018 10:31am Jul 4, 2018 10:31am
My watchlist EURNZD look for long trade.
Yummyyyy...
Attached Image (click to enlarge)
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  • #88,134
  • Jul 4, 2018 10:38am Jul 4, 2018 10:38am
Quoting DJsignals
Long USDCAD {image}
Im out.
  • #88,135
  • Jul 4, 2018 10:57am Jul 4, 2018 10:57am
Quoting emmanuel7788
{quote} That Week 26 is a WRB 255pips range. The Week 24 is large bar but only 253 pips... only 2 pips difference but that the rule.
Hi, Emm!

On my broker, it is just the other way around. That is why I said it was not a WRB: W1 24 is 256 pips and W1 26 is 254.

Quoting emmanuel7788
{quote} when this Week 27 closes, what will that Week 26 WRB become? {image}
It depends how it closes. If it does not break and close the low of the W1, then it will be a Strat's WCC.

Quoting emmanuel7788
{quote} It was a mistake catalin -eros made posting in his thread and talk about TMS , me. etc.
The way I see it, it was not a mistake. I was replying to a member about MEME, and I did not even use your name on Strat's thread. I called you 'trader', not 'Emmanuel'. But I am sorry people who hate you use that post of mine to throw dirt at you! It was not my intention, but Strat is definitely entitled to his own opinion, I respect it and him, the same way I respect you.
  • #88,136
  • Jul 4, 2018 11:33am Jul 4, 2018 11:33am
Quoting Platero
This thread is only for you guys to be fighting each other?? Come on guys!, would you be so kindly to contribute to bigE cause? Strees free learning....
Naja.. the thing is a bit more complicated.

What Emm shares is knowledge, some posts are not easy to understand-- but thatīs real knowledge.

And the exactly opposite (180°) is Tekkies.
Zero knowledge and always motivated to pray what she knows.

-- my 2 cents--
Guido
Risiko birgt immer auch die Chance.
  • #88,137
  • Jul 4, 2018 12:07pm Jul 4, 2018 12:07pm
Quoting DJsignals
My watchlist EURNZD look for long trade. Yummyyyy... {image}
Something to consider DJ.
Once when M15 order has locked in BE plus spread, H1 or H4 would only starting to show green on the other side of red.
The same goes for H1 entry (black arrow)
------------
Remember that this is not the safest way to trade. There is amount of risk involved, price can at anytime turn / whip around and catch you on the wrong side of the trend.
(ea. Bounce trade on H1 or H4)
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  • #88,138
  • Jul 4, 2018 12:20pm Jul 4, 2018 12:20pm
Quoting Sesamstrasse
{quote} Naja.. the thing is a bit more complicated. What Emm shares is knowledge, some posts are not easy to understand-- but thatīs real knowledge. And the exactly opposite (180°) is Tekkies. Zero knowledge and always motivated to pray what she knows. -- my 2 cents-- Guido
As always hiding behind a ignore list and take cheap shot's. Nice going Guido.
By the way proof your statement.
  • #88,139
  • Jul 4, 2018 1:11pm Jul 4, 2018 1:11pm
[quote=catalin_eros;11229418]{quote} Hi, Emm! On my broker, it is just the other way around. That is why I said it was not a WRB: W1 24 is 256 pips and W1 26 is 254. {quote} It depends how it closes. If it does not break and close the low of the W1, then it will be a Strat's WCC. {quote}

1) use only live account broker price data and I have all 3 MT4 brokers shows the same +/- one pip difference


2) when this Week 27 closes, what will that Week 26 WRB become?
it will be become my trigger for trade Plan B ahead of BOC Rate Announcement on Jul 11 and I will close my 20-days trading cycle for this ccy pair.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,140
  • Jul 4, 2018 1:13pm Jul 4, 2018 1:13pm
Quoting Platero
This thread is only for you guys to be fighting each other?? Come on guys!, would you be so kindly to contribute to bigE cause? Strees free learning....

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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