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  • #94,021
  • Feb 17, 2019 2:41pm Feb 17, 2019 2:41pm
Quoting emmanuel7788
{quote} TMS M15 we only trade London session No. that was not a WRB breakout. WRB analysis was not discussed then in that thread. It was a double inside bar DIB consolidation breakout. Also can be taken as a TOK_5H range breakout trade entry.


How can it be a DIB breakout when the DIB occured 8/9 bars before his breakout trade?

I thought the breakout would have to be on the next candle after the Double inside bar
  • #94,022
  • Feb 17, 2019 2:47pm Feb 17, 2019 2:47pm
Quoting emmanuel7788
{quote} TMS M15 we only trade London session No. that was not a WRB breakout. WRB analysis was not discussed then in that thread. It was a double inside bar DIB consolidation breakout. Also can be taken as a TOK_5H range breakout trade entry.

Is this an example of WRB breakout?
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  • #94,023
  • Feb 17, 2019 5:30pm Feb 17, 2019 5:30pm
Quoting kain775
{quote} How can it be a DIB breakout when the DIB occured 8/9 bars before his breakout trade? I thought the breakout would have to be on the next candle after the Double inside bar

Just looking at the very little information on that chart by sknight1,
there was previous price action PPA to the left, twice price pulled back from those MAs... the green colour MA.
then came the DIB and conservative traders would only take a breakout when there is clear break Close above the high of the Mother Bar of the DIB with consideration of the PPA and those MAs in use.
Taking a IB break of the second IB would risk trading into those MAs above.

Also when trading intraday, we also look at the Day Open of that particular day of that trade as support / resistance. What is not seen on that charts is the previous day Open/High/Low...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,024
  • Feb 17, 2019 5:42pm Feb 17, 2019 5:42pm
Quoting kain775
{quote} Is this an example of WRB breakout? {image}

No. That is not a WRB breakout. Look like a 5-bars swing high reversal. With a 5-bars swing high or low, there is always a classic TMS reversal candle in there.

An example of WRB breakout is seen to the right of your chart. There must be a clear Close above the WRB High.
An oscillator at that point would have shown oversold conditions and probably divergence between price and the osc.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,025
  • Feb 17, 2019 5:56pm Feb 17, 2019 5:56pm
Quoting Tekkies
{quote} No need to read the whole thread. Price Action traders don't use indicators. Period.
@Tekkies,

Again making a big fool of yourself here.

A Very naive trader!

Price Action trading was discussed in that thread many years ago. And seldom we talked about green cross red crap.

Simple price action is price action is price action .... you see them with and without indicators. You see them before the green cross red.

Do Not mix up with Naked Trading... a complete different story.

Look at this by LE1:

Is there mentioned green cross red?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,026
  • Feb 17, 2019 6:18pm Feb 17, 2019 6:18pm
Quoting asclepius67
I would like first to thank Emmanuel for his dedication in this thread. I would like to ask why big E took out the yellow band (200 MA) in the TDI. It has no use? I have seen other TDI with yellow band.
Big E was an aggressive reversal trader and he was used the TDI in scalper mode.

Also he traded CHS NFF system and he knew how to pick the NFF reversal candles using the Stochastics cross signal and when he combined this using the TDI, he discovered his ideal classic TMS reversal candles. Once you know this and mastered this very basic price action in TMS 5-Method, you will be way ahead of other naive trader.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,027
  • Edited 7:14pm Feb 17, 2019 6:56pm | Edited 7:14pm
Quoting emmanuel7788
{quote} No. That is not a WRB breakout. Look like a 5-bars swing high reversal. With a 5-bars swing high or low, there is always a classic TMS reversal candle in there. An example of WRB breakout is seen to the right of your chart. There must be a clear Close above the WRB High. An oscillator at that point would have shown oversold conditions and probably divergence between price and the osc. {image}


ok, thanks

but it also looks like where i've drawn the box also meets the requirements for a WRB breakout too.
there is a big candle in there [wrb], and the other candles are unable to close past it? then one eventually does [the breakout]
cannot it be both a wrb and a 5 bar swing high?

and what is your definition of a 5 bar swing high?
where bar 3 is the highest and where bar 5 closes below the low of bar 1?
  • #94,028
  • Feb 17, 2019 7:27pm Feb 17, 2019 7:27pm
Quoting kain775
{quote} ok, thanks but it also looks like where i've drawn the box also meets the requirements for a WRB breakout too. there is a big candle in there [wrb], and the other candles are unable to close past it? then one eventually does [the breakout] cannot it be both a wrb and a 5 bar swing high? and what is your definition of a 5 bar swing high? where bar 3 is the highest and where bar 5 closes below the low of bar 1?

that chart you posted was a M5.
what if that was a Weekly or even a Daily chart timeframe?
would you not want to look for sell at the resistance? i.e. a WRB high as resistance in an established downtrend rather than wait for the breakout? you make use of smart money management and add-on with more sell positions when there is an eventual breakout. When you trade within / inside the range of a WRB High-Low, you reduce your MM risk, trade smaller positions until there is a clear breakout in an established trend/swing.

***SMART Money & Risk Management, make your hard-earned money work harder for you.

Swing High / Swing Low
see this old post + pdf.

https://www.forexfactory.com/showthr...49#post8321849

Note: In most Swing High / Swing Low, there is in most cases a TMS Reversal candle. Look at Price bar/over HA candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,029
  • Feb 17, 2019 7:39pm Feb 17, 2019 7:39pm
Quoting emmanuel7788
{quote} @Tekkies, Again making a big fool of yourself here. A Very naive trader! Price Action trading was discussed in that thread many years ago. And seldom we talked about green cross red crap. Simple price action is price action is price action .... you see them with and without indicators. You see them before the green cross red. Do Not mix up with Naked Trading... a complete different story. Look at this by LE1: Is there mentioned green cross red? {image}
what does one have to see where price is in relation to any indicator. True naked traders can just look at a chart and see which way its trending by HIGHER HIGHS HIGHER LOWS or LOWER LOWS LOWER HIGHS
  • #94,030
  • Edited 11:27pm Feb 17, 2019 11:09pm | Edited 11:27pm
Quoting emmanuel7788
{quote} @Tekkies, Again making a big fool of yourself here. A Very naive trader! Price Action trading was discussed in that thread many years ago. And seldom we talked about green cross red crap. Simple price action is price action is price action .... you see them with and without indicators. You see them before the green cross red. Do Not mix up with Naked Trading... a complete different story. Look at this by LE1: Is there mentioned green cross red? {image}
It does not change the fact. Price Action does not require indicators.
Divergence nailed it spot on.
----------
Why did you added this: "A Very naive trader!" Emmamuel? Why always use personal remarks against a member that disagree with you? Shame on you,
Divergence nailed it spot on.
  • #94,031
  • Feb 17, 2019 11:16pm Feb 17, 2019 11:16pm
Quoting kain775
{quote} Is this an example of WRB breakout? {image}
Look at TDI on the chart posted: Post 94,023
Got two place where a trade could have been entered with the limit information on that chart.
- Green cross red
Angle above 2
Above Resistance
- Green bounce Red
Angle of green above 1
Not clear: Two yellow arrows to the left show entry above Resistance
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  • #94,032
  • Feb 18, 2019 1:01am Feb 18, 2019 1:01am
Quoting Divergence
{quote} what does one have to see where price is in relation to any indicator. True naked traders can just look at a chart and see which way its trending by HIGHER HIGHS HIGHER LOWS or LOWER LOWS LOWER HIGHS

in the case of that TMS M15 thread, the OP had only about 2 years forex trading experience. He was looking at candles pattern setups at moving averages for his trades done in M15.
Here is this thread, a 3 years old newbie like Tekkies can only trade with indicator green cross red. He is so naive and confused he cannot differentiate what the kind of price action candles that OP was trading and what really is naked trading is by looking at price structure the way you have explained.

Give him a few more years trading and we shall see how he would progress.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,033
  • Feb 18, 2019 1:16am Feb 18, 2019 1:16am
Why always the insults Emmanuel?

M15H1 does it every time.
Look at:
- angle of green on both chart's
- Stoch direction
- nice bounce on H1

By the way what does your Renko chart's show?
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  • #94,034
  • Feb 18, 2019 1:24am Feb 18, 2019 1:24am
Quoting Tekkies
{quote} It does not change the fact. Price Action does not require indicators. Divergence nailed it spot on. ---------- Why did you added this: "A Very naive trader!" Emmamuel? Why always use personal remarks against a member that disagree with you? Shame on you, Divergence nailed it spot on.

@Tekkies,

There was no disagreement. Just giving you a taste of your own medicine. You continue to made a fool of your self writing and posting newbie crap.

You made a fool of yourself in saying that Price Action does not require indicators. You confused with Naked Trading does not require indicators.
Traders use technical indicators like moving averages as visual tools to help them see and make trading decisions. As TMS traders we do not trade the indicators but they trade the price and its momentum.

You did not understand what Divergence wrote in his post above.
He wrote clearly : "True naked traders can just look at a chart and see which way its trending by HIGHER HIGHS HIGHER LOWS or LOWER LOWS LOWER HIGHS"

If you read that TMS M15 thread by LE1, he was also a newbie in 2012. He traded price bar/candlestick patterns and using moving average as dynamic support/resistance as his trade setups. That is what LE1 considered as price action at moving average.

Experience traders looking at price bars and candlesticks do not need indicators to see those common patterns like IB, DIB, BEEB/BUEB, BEOB/BUOB, MC, WRB, PB, etc. And there are chart patterns which some traders look at when they trade. When we trade price action we do not need that TDI Green cross Red crap, that angle crap 1 and 5 which you post so often about. You cannot see price momentum on your charts and the price structure what Divergence explained many times.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,035
  • Feb 18, 2019 1:35am Feb 18, 2019 1:35am
Quoting Tekkies
Why always the insults Emmanuel? M15H1 does it every time. Look at: - angle of green on both chart's - Stoch direction - nice bounce on H1 By the way what does your Renko chart's show? {image}

@Tekkies,

No insults. Just giving you a taste of your own medicine.

Still trying to pick top and bottoms . Good luck! You need it now.

Tell us what your Renko chart setup you use for that picking top trade. Are you using 2 minutes 5 pips brick size?
My Renko chart shows higher higher higher low now. That can change anytime. Be careful when FO and LO.
\

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,036
  • Feb 18, 2019 1:42am Feb 18, 2019 1:42am
DE30 Week 8 Feb 18 Frankfurt Open FO

Bullish H4 price action, not ready for selling.

H1 TDI ... different version give different signals.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,037
  • Feb 18, 2019 1:46am Feb 18, 2019 1:46am
Quoting Tekkies
{quote} Look at TDI on the chart posted: Post 94,023 Got two place where a trade could have been entered with the limit information on that chart. - Green cross red Angle above 2 Above Resistance - Green bounce Red Angle of green above 1 Not clear: Two yellow arrows to the left show entry above Resistance {image}

@Tekkies,

You forgot to apply Post#261 and Post#647 and missed many technical conditions when you do hindsight evaluation of my chart.

https://www.forexfactory.com/showthr...16#post4575616

https://www.forexfactory.com/showthr...40#post4581540
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,038
  • Feb 18, 2019 1:59am Feb 18, 2019 1:59am
Quoting emmanuel7788
{quote} @Tekkies, There was no disagreement. Just giving you a taste of your own medicine. You continue to made a fool of your self writing and posting newbie crap. You made a fool of yourself in saying that Price Action does not require indicators. You confused with Naked Trading does not require indicators. Traders use technical indicators like moving averages as visual tools to help them see and make trading decisions. As TMS traders we do not trade the indicators but they trade the price and its momentum. You did not understand what Divergence...
Emmanuel
You can say what you want. You yourself stated that all indicators are lagging. Price Action / Naked Trading does not require indicator's. When a trader use indicators to confirm something then it only show he does not trust his own price action analyzing. He needs visuele conformation.

What Divergence wrote is follow the long term trend from a higher time frame like H4 or D1. That way will be the same as HH, HL or LL, LH on the lower time frame.

This statement: "price action we do not need that TDI Green cross Red" confirm that Price Action does not require indicators.
----
This statement: TDI Green cross Red crap, that angle crap 1 and 5 which you post so often about
Now what BigE posted about TDI green cross red and the angle of green is crap. Really?
Why do you tell the readers to read all of BigE's post in this thread?

You can't say TDI is crap and then tell member's to follow BigE.
Good example: Post 94,026 : used the TDI in scalper mode.
----
I like TDI crap a lot. BigE's green cross red with angle's above / below 2 / 4 does work.
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  • #94,039
  • Feb 18, 2019 2:34am Feb 18, 2019 2:34am
Quoting emmanuel7788
{quote} that chart you posted was a M5. what if that was a Weekly or even a Daily chart timeframe? would you not want to look for sell at the resistance? i.e. a WRB high as resistance in an established downtrend rather than wait for the breakout? you make use of smart money management and add-on with more sell positions when there is an eventual breakout. When you trade within / inside the range of a WRB High-Low, you reduce your MM risk, trade smaller positions until there is a clear breakout in an established trend/swing. ***SMART Money & Risk...

cheers,

will take a look at the pfd later.

btw where is stop loss for wrb trades?
2 bar lookback ...or high of the wrb [assuming going short]
  • #94,040
  • Feb 18, 2019 2:35am Feb 18, 2019 2:35am
Quoting Tekkies
{quote} Emmanuel You can say what you want. You yourself stated that all indicators are lagging. Price Action / Naked Trading does not require indicator's. When a trader use indicators to confirm something then it only show he does not trust his own price action analyzing. He needs visuele conformation. What Divergence wrote is follow the long term trend from a higher time frame like H4 or D1. That way will be the same as HH, HL or LL, LH on the lower time frame. This statement: "price action we do not need that TDI Green cross Red" confirm that...

@Tekkies,

What I said in the context of this thread is those two indicators Stochastics and TDI are both lagging the price and its price action. This is fact because both indicators calculates using the real close prices. Hence lagging.
The traders' ability to read price and its action is leading edge over waiting for these two lagging indicators to show the signals. Simple price action patterns will show when there is price momentum.

Read again what Diveregnce wrote above. He wrote:
True naked traders can just look at a chart and see which way its trending by HIGHER HIGHS HIGHER LOWS or LOWER LOWS LOWER HIGHS

There was no mention about H4 and D1. On any naked chart any timeframe, an experienced trader will see those price structure .. HIGHER HIGHS HIGHER LOWS or LOWER LOWS LOWER HIGHS

Yes, those TDI crosses are crap . Why"too many version and differet settings posted.

After more than 7 years, reading those Big E's posts again and again, experience will tell what those TDI crap means. Big E himself said he drop the TDI and taking clearn trade would be a breeze.

to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me.

https://www.forexfactory.com/showthr...18#post4619118


Fact is the TDI was developed for different mode of trading and Big E was the scalper type trader. You love the TDI, well all newbies love the TDI. But when they lose money using the TDI, they learn the hard way.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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