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Trading Made Simple

  • #92,761
  • Jan 2, 2019 10:44am Jan 2, 2019 10:44am
Quoting Tekkies
{quote} Did not know that. Did try to find a image of how the ticker tape punched the paper. Have read that some old hands read the tape and conclude that price would go up or down. Others used a pen and paper with X and O blocks. Now those old times could trade.
You can still do that today. A line chart is a true PA chart. It plots only the closes. And you are right about indicators. Even candle sticks are indicators. Only a line chart of the closes is a PA chart. That said, most posters on this site are children either literally or mentally who are trying to impress. There also a few posters here who know that there are a lot of children on this site and are trying to separate them from their money. A line chart looks boring, no sizzle in that. Dashboards, arrows and flashing lights are much cooler!
If you are good at something, never do it for free--Joker
  • #92,762
  • Jan 2, 2019 10:58am Jan 2, 2019 10:58am
Quoting Tekkies
{quote} "how did you make yourself comfortable that it would not act as a support" Look at the angle of TDI and Stoch on both chart's. - TDI is below 5 almost at 5:30 - Stoch confirm direction No I don't use HA candles. It does tend to hide what price is doing. (Reduce market noise) "entering Bar 1 and 2 is valid" Yes, enter as soon as possible within what the rules allow you to do. Post#49 HA candles average a 3-8 candle run in most cases when it reverses... That's why I want to enter on candle 1 or 2 if I see a set up. A single candle on the 4hr...
Okay, in this case, given the momentum behind the trade you took a calculated risk that it would push past the nearby level.

Thanks
  • #92,763
  • Jan 2, 2019 11:43am Jan 2, 2019 11:43am
Quoting jmn5611
{quote} You can still do that today. A line chart is a true PA chart. It plots only the closes. And you are right about indicators. Even candle sticks are indicators. Only a line chart of the closes is a PA chart. That said, most posters on this site are children either literally or mentally who are trying to impress. There also a few posters here who know that there are a lot of children on this site and are trying to separate them from their money. A line chart looks boring, no sizzle in that. Dashboards, arrows and flashing lights are much cooler!...
Nice. That is way a line chart make it so easy to draw S/R level. No wicks to cloud judgment.
Wonder how post#647 will handle a line chart? Know any book / web-page about line chart trading
Rather delete that might receive a floating man with a lecture that I don't trade TMS the right way.
Does look a lot better then APB or Chandle chart. Can clearly see the buy order won't bring in much profit.
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  • #92,764
  • Edited 4:20pm Jan 2, 2019 3:55pm | Edited 4:20pm
Quoting AkronD
{quote} Tekkies - i'm assuming the red dotted line is where you went short on the M15 - When you look to the left there is a bit of a congestion / resistance area - how did you make yourself comfortable that it would not act as a support? On H1 - looks like you don't trade the Heiken Ashi Candles - seems like a lot of people have outgrown it - do you still think the entry criteria of only entering Bar 1 and 2 is valid? How do you look at a normal chart and implement the same. Thanks
I think because he cannot see the PA with Heiken Ashi (HA) candle compared to what he can see to a Japanese candlestick. I read one of his post comparing the two with regards to wick size of an individual candle as he tried to show the difference of Japanese candlestick PA (calculated individually or simply as one TF candle) formation like a bearish hammer or shooting star to an HA candle which is calculated normally as shown below... Hence, it is not valid to compare with that notion. The HA candles have its own (collectively) PA formation, but if you carefully read the PA using Heiken Ashi (PA rules), it will give you the same type of results on a different perspective or candle formation/wick size. Thus, you cannot simply dishes the one or the other as wrong as HA candle PA can do also on another comparison and dish-out the normal Japanese candlestick formation.

  1. Close = (Open + High + Low + Close) / 4 o This is the average price of the current bar.
  2. Open = (Open of Previous Bar + Close of Previous Bar) / 2 o This is the midpoint of the previous bar.
  3. High = Max of (High, Open, Close) o Highest value of the three.
  4. Low = Min of (Low, Open, Close) o Lowest value of the three.

Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #92,765
  • Jan 2, 2019 4:40pm Jan 2, 2019 4:40pm
why are most pairs spiking???

currently 300+ pips over the space of minutes.

no news in sight?



edit: some have gone 500+
  • #92,766
  • Jan 2, 2019 5:11pm Jan 2, 2019 5:11pm
Quoting kain775
why are most pairs spiking??? currently 300+ pips over the space of minutes. no news in sight? edit: some have gone 500+
...

NEWS!

the 2019 market opening FEAR and GREED
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,767
  • Jan 2, 2019 5:35pm Jan 2, 2019 5:35pm
EURUSD Price Gap

Looks like the heart took a big leap.

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Sometimes the gap happens in your favour. That's when you got lucky.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,768
  • Jan 2, 2019 5:45pm Jan 2, 2019 5:45pm
One of my favourite 3-bars pattern for trade setup.

Pop Gun.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,769
  • Jan 2, 2019 5:52pm Jan 2, 2019 5:52pm
KEEP IT SIMPLE: Use the HA candles like the OP did and look for the setup candles or the s/u candle what the OP mentioned many times on his training chart.

When the OP mentioned price action PA, he refers to the APB/HA candles.

The setup candle for SELL is the HA candle which closed below the 5EMA, Typical Price,Shift+3.
For BUY, the setup candle must close above the 5EMA.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,770
  • Jan 2, 2019 6:09pm Jan 2, 2019 6:09pm
I just traded the TMS +46 pips - only to then see it drop almost 240 pips.

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Guess you have to take your wins.
  • #92,771
  • Jan 2, 2019 6:23pm Jan 2, 2019 6:23pm
Quoting AkronD
I just traded the TMS +46 pips - only to then see it drop almost 240 pips. {image} Guess you have to take your wins.
TMS Evolution trading on D1 chart.

The last SELL trigger was 0.7227 on Dec 06 with SL @0.7340.
Current SELL SL is 0.7090ish
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,772
  • Jan 2, 2019 6:43pm Jan 2, 2019 6:43pm
Quoting emmanuel7788
{quote} TMS Evolution trading on D1 chart. The last SELL trigger was 0.7227 on Dec 06 with SL @0.7340. Current SELL SL is 0.7090ish
I think there was news on the market about AAPL.
  • #92,773
  • Jan 2, 2019 7:22pm Jan 2, 2019 7:22pm
Wow that was a huge sell off on Yen Pairs. Who else made some pips? I know i did.
Play the hand you were dealt.
  • #92,774
  • Jan 2, 2019 7:59pm Jan 2, 2019 7:59pm
AUD/NZD might be coming around for a second dip, what do you guys think?
  • #92,775
  • Jan 2, 2019 10:48pm Jan 2, 2019 10:48pm
Quoting v2vboni
{quote} I think because he cannot see the PA with Heiken Ashi (HA) candle compared to what he can see to a Japanese candlestick. I read one of his post comparing the two with regards to wick size of an individual candle as he tried to show the difference of Japanese candlestick PA (calculated individually or simply as one TF candle) formation like a bearish hammer or shooting star to an HA candle which is calculated normally as shown below... Hence, it is not valid to compare with that notion. The HA candles have its own (collectively) PA formation,...
You are referring to this Post 92,572
Yes, you are right, had difficult to distinguishes PA on HA. For me HA reduced the market noise to much. Relay a lot on what the candle is showing in regards to body length, the length of the wick as well as the location of the wick. Pattern formation are also better recognize.
  • #92,776
  • Jan 3, 2019 12:52am Jan 3, 2019 12:52am
Quoting Tekkies
{quote} You are referring to this Post 92,572 Yes, you are right, had difficult to distinguishes PA on HA. For me HA reduced the market noise to much. Relay a lot on what the candle is showing in regards to body length, the length of the wick as well as the location of the wick. Pattern formation are also better recognize.

Each has its own merits... that is why I fused an indicator (check below) to switch from HA back to normal Japanese candlestick (vice-versa).
However, it is always easy to analyze correctly after the fact in terms of candlestick price action.


HA-APB >>> download here
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #92,777
  • Jan 3, 2019 1:41am Jan 3, 2019 1:41am
Quoting AkronD
{quote} Okay, in this case, given the momentum behind the trade you took a calculated risk that it would push past the nearby level. Thanks
Don't know about calculated risk. Have found that the angle of green is very important. Between 1 /2 or 4 / 5 are good. The best are those that cross between 12 / 1 and 5 / 6. Would any time prefer to trade the latter. (cherry pick). Sure you lose out on some trades. Using both timeframe to confirm each other always lead to a profitable trade. There are loses which are unavoidable (part of trade) which is small and seldom. Trading only one timeframe like BigE is difficult (for me) but can be done.
Take what BigE has left behind, make it your own, fine tune it to your understanding. Study Post#647 with S/R level, define your own set of rules based on that. Everyday you repeat those rules.

If other members / traders see them as training wheels or insist that PA is before TDI or indicators are lagging is irrelevant. Stick to what BigE has posted in this thread, stick to your own fine tuned "Post#647".
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  • #92,778
  • Jan 3, 2019 3:57am Jan 3, 2019 3:57am
Quoting Tekkies
{quote} Don't know about calculated risk. Have found that the angle of green is very important. Between 1 /2 or 4 / 5 are good. The best are those that cross between 12 / 1 and 5 / 6. Would any time prefer to trade the latter. (cherry pick). Sure you lose out on some trades. Using both timeframe to confirm each other always lead to a profitable trade. There are loses which are unavoidable (part of trade) which is small and seldom. Trading only one timeframe like BigE is difficult (for me) but can be done. Take what BigE has left behind, make it...
I'm only trading TMS on the H1 - i'm kind of stalking the charts until i see the perfect setup. I know people are not using the TDI - but it is working for me - as it stands i'm using TDI, Synergy Bars and Stoch - i only added emas on top for a sense of long term and short term trend.

What tools do you use for alerts? i.e. on crossover etc.
  • #92,779
  • Jan 3, 2019 4:17am Jan 3, 2019 4:17am
Quoting AkronD
{quote} I'm only trading TMS on the H1 - i'm kind of stalking the charts until i see the perfect setup. I know people are not using the TDI - but it is working for me - as it stands i'm using TDI, Synergy Bars and Stoch - i only added emas on top for a sense of long term and short term trend. What tools do you use for alerts? i.e. on crossover etc.
Have copied mq4 alarm code from a other TDI to TDI Red Green with a nice set of desktop speakers, have the alarm set M15 crossover. Don't use it much.
  • #92,780
  • Jan 3, 2019 4:29am Jan 3, 2019 4:29am
TMS Monitor for newbies:

GBPUSD M15 H1 and H4

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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