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Trading Made Simple

  • #110,481
  • Nov 4, 2020 5:22am Nov 4, 2020 5:22am
Quoting DrDave
{quote} I am curious to know your thinking for entering that first sell. I know you look at S/R, so it is odd that you would enter there when there is a lot of resistance shown with 15 of the last 21 bars cut by that entry price. {image}
Why would it be odd Dave. Most points on post#647 does tick off positief.
- TDI green angle below 4.
- No stoch to confirm direction.
- Depending how you see resistance I would place that sell below resistance.
- No long term to speak of, so a higher timeframe will do the trick / Short term down has just started. (Is it in agreement with higher timeframe and for the matter one lower timeframe to confirm new direction.
- Against fractal arrow. This one I don't understand. Why enter sell against fractal. Why is it on the chart when you don't use the information it supply.
Can't say much about Bars/Wicks. HA/ABPB to me hide the finer details of a candlestick.
- Bars are going from small to big.
- Wicks > None at top, bottom show one or two wick that buyers are coming in.
  • #110,482
  • Nov 4, 2020 5:36am Nov 4, 2020 5:36am
Quoting hasib
{quote} Your using fractals indicator, Recently I am using it too. fractals indicator people less talk about it.

Learn about Fractals

see this chart now, the two white arrows

watch what happens when this current M15 bar closes....


Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Nov 03 M15 Fractals 4-11-2020 7-33-09 pm.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,483
  • Nov 4, 2020 5:44am Nov 4, 2020 5:44am
Quoting Tekkies
{quote} Why would it be odd Dave. Most points on post#647 does tick off positief. - TDI green angle below 4. - No stoch to confirm direction. - Depending how you see resistance I would place that sell below resistance. - No long term to speak of, so a higher timeframe will do the trick / Short term down has just started. (Is it in agreement with higher timeframe and for the matter one lower timeframe to confirm new direction. - Against fractal arrow. This one I don't understand. Why enter sell against fractal. Why is it on the chart when you don't...
If you are a believer in the power of S/R, then entering a RETRACEMENT swing at a price where 15 of the last 21 bars are cut by that price are two very strong reasons NOT to sell, despite the other criteria being OK.

If ALL the criteria EXCEPT stoch direction are OK, would you make a trade? Maybe you would, but I wold not.

Although everyone can be using the same indicators and list of entry criteria, these PERSONAL PREFERENCES for how much weight to give each criterion is part of what leads to a PERSONAL trading plan and different results for people trading the "same" rules that BigE supplied.
To free Gazans of Hamas, use whatever it takes.
  • #110,484
  • Nov 4, 2020 5:47am Nov 4, 2020 5:47am
Quoting emmanuel7788
{quote} Learn about Fractals see this chart now, the two white arrows watch what happens when this current M15 bar closes.... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Nov 03 M15 Fractals 4-11-2020 7-33-09 pm.png Size: 48 KB


Fractals
with the M15 bar closed the fractal painted below but this is not 'fixed' yet until the next M15 bar.

Now you can compare both charts and we wait for the next M15 bar

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Nov 04 M15 Fractals_2 4-11-2020 7-45-09 pm.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,485
  • Nov 4, 2020 6:04am Nov 4, 2020 6:04am
Quoting emmanuel7788
{quote} {image} Fractals with the M15 bar closed the fractal painted below but this is not 'fixed' yet until the next M15 bar. Now you can compare both charts and we wait for the next M15 bar {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Nov 04 M15 Fractals_2 4-11-2020 7-45-09 pm.png Size: 47 KB


now the M15 closed so the last bottom fractal is permanent (no repainting after this)

but a new fractal appears above but not yet fixed until another M15 bar ...... if the next M15 has a lower high then this fractal will be permanent.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Nov 04 M15 Fractal_3 4-11-2020 8-00-05 pm.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,486
  • Nov 4, 2020 6:23am Nov 4, 2020 6:23am
Quoting emmanuel7788
{quote} {image} now the M15 closed so the last bottom fractal is permanent (no repainting after this) but a new fractal appears above but not yet fixed until another M15 bar ...... if the next M15 has a lower high then this fractal will be permanent. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Nov 04 M15 Fractal_3 4-11-2020 8-00-05 pm.png Size: 51 KB


now another M15 updated with the upper fractal now permanent this won't be erased ...

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Nov 04 M15 Fractal_4 4-11-2020 8-15-06 pm.png Size: 48 KB


Is knowing Fractals important? YES.
Did the OP use Fractals? YES, in his old thread,

Fractals is one of the basic foundation of the OP chartist skills. You see them on his chart in his old thread. You see how the fractals are used in those videos he posted links to. You do not need to use an indicator. You see the price fractals when you study price movements.

If you are interested in how fractals are used in trading system, then do some research on your own.
Do you know Nicolas Darvas?
Read about how a dancer make $2,000,000 dollars trading the stock market with his Darvas Box.

https://en.wikipedia.org/wiki/Nicolas_Darvas
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,487
  • Nov 4, 2020 6:25am Nov 4, 2020 6:25am
In eurusd 27.5 pips profit. done for the day. Joe Biden still has a chance to win the elections no matter what Mr.Donald Trump says. Can Trump win? yes, he also has a chance to win the elections.
MA provides the market's current direction and strength.
  • #110,488
  • Nov 4, 2020 6:29am Nov 4, 2020 6:29am
Quoting emmanuel7788
{quote} {image} now another M15 updated with the upper fractal now permanent this won't be erased ... {image} Is knowing Fractals important? YES. Did the OP use Fractals? YES, in his old thread, Fractals is one of the basic foundation of the OP chartist skills. You see them on his chart in his old thread. You see how the fractals are used in those videos he posted links to. You do not need to use an indicator. You see the price fractals when you study price movements. If you are interested in how fractals are used in trading system, then do some...

If you have read this thread then there were some posts on trading Darvas Box

https://www.forexfactory.com/thread/...14#post9675214

https://www.forexfactory.com/thread/...16#post8893616

do your own search and read all the posts.

Attached Image (click to enlarge)
Click to Enlarge Name: Search Darvs Box posts.png Size: 111 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,489
  • Nov 4, 2020 6:29am Nov 4, 2020 6:29am
Quoting emmanuel7788
{quote} Learn about Fractals see this chart now, the two white arrows watch what happens when this current M15 bar closes.... {image}
I know Fractals and I know how it works it is 5 bar signal, Fractals is not repainting indicator. It fixed in the chart once we have 5 bars.
MA provides the market's current direction and strength.
  • #110,490
  • Nov 4, 2020 6:32am Nov 4, 2020 6:32am
Quoting emmanuel7788
{quote} {image} now another M15 updated with the upper fractal now permanent this won't be erased ... {image} Is knowing Fractals important? YES. Did the OP use Fractals? YES, in his old thread, Fractals is one of the basic foundation of the OP chartist skills. You see them on his chart in his old thread. You see how the fractals are used in those videos he posted links to. You do not need to use an indicator. You see the price fractals when you study price movements. If you are interested in how fractals are used in trading system, then do some...
I read the story in 2014 or 15 I forgot.
MA provides the market's current direction and strength.
  • #110,491
  • Nov 4, 2020 6:38am Nov 4, 2020 6:38am
Quoting hasib
In eurusd 27.5 pips profit. done for the day. Joe Biden still has a chance to win the elections no matter what Mr.Donald Trump says. Can Trump win? yes, he also has a chance to win the elections.
Hasib, stay awhile longer.
Watch EU for the "drop" down.
> Price at resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: drope.PNG Size: 52 KB
  • #110,492
  • Nov 4, 2020 6:39am Nov 4, 2020 6:39am
Quoting hasib
{quote} I know Fractals and I know how it works it is 5 bar signal, Fractals is not repainting indicator. It fixed in the chart once we have 5 bars.
Yes. You are correct ... Fractals do not repaint in the history. Only the indicator coded will erase the fractal after the following 2 bars conditions no longer fulfil the highs and lows of the price.

Traders here have a lot to learn on their own especially when they did not read the old thread in 2010 and missed all those tutorial videos which are the foundation.

You can see the price fractals with your naked eyes. Price fractal do tell you a lot about the market volatility and the candle size ' medium' and 'larger' as the OP once wrote in his post.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,493
  • Nov 4, 2020 6:43am Nov 4, 2020 6:43am
Quoting emmanuel7788
{quote} Yes. You are correct ... Fractals do not repaint in the history. Only the indicator coded will erase the fractal after the following 2 bars conditions no longer fulfil the highs and lows of the price.
True.
MA provides the market's current direction and strength.
  • #110,494
  • Nov 4, 2020 6:47am Nov 4, 2020 6:47am
Quoting Tekkies
{quote} Hasib, stay awhile longer. Watch EU for the "drop" down. > Price at resistance. {image}
Yes, I have Identified it and I am aware of This. Do you aware of the usdJPy in the low. I have done for the day but probably you could find a good buying opportunity in UsdJPY. stay careful in those levels lots of stop hunting happens.
MA provides the market's current direction and strength.
  • #110,495
  • Nov 4, 2020 6:50am Nov 4, 2020 6:50am
Quoting Tekkies
{quote} Hasib, stay awhile longer. Watch EU for the "drop" down. > Price at resistance. {image}

it won't drop like you said. Do Not predict what price will do.

watch the price reaction at CONFLUENCE of support and resistance - PPA, RN/BRN, MAs, etc.

to look for trade setups,

Follow Posts #261 and #647
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Nov 04 M15 pipware 4-11-2020 8-48-44 pm.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,496
  • Nov 4, 2020 6:54am Nov 4, 2020 6:54am
Quoting emmanuel7788
{quote} Nice breakout of the Darvas Box High.... {image}
I don't know Darvas Box much but I can tell you by watching your chart I trade this kind of chart too with my understanding.
MA provides the market's current direction and strength.
  • #110,497
  • Nov 4, 2020 7:12am Nov 4, 2020 7:12am
I read these 2 article
About Darvas Box

https://www.netpicks.com/darvas-box-trading-strategy/

https://www.investopedia.com/terms/d...%20that%20high.
MA provides the market's current direction and strength.
  • #110,498
  • Nov 4, 2020 7:12am Nov 4, 2020 7:12am

  1. emmanuel7788
  2. hello, please where can I download this indicator or your template more graph how you have distributed week, day, 4h.1h, 15min

  • #110,499
  • Nov 4, 2020 8:21am Nov 4, 2020 8:21am
Tekkies,Emmanuel7788
Dnes toto, je to správné rozhodnutí nebo něco špatně
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-h4-TDI.png Size: 126 KB
  • #110,500
  • Nov 4, 2020 8:22am Nov 4, 2020 8:22am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-h4 TDI2.png Size: 119 KB
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