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Trading Made Simple

  • #112,861
  • Dec 10, 2020 6:20am Dec 10, 2020 6:20am
"Empty Space"

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Dec 10 H4 empty space 10-12-2020 8-18-42 pm.png Size: 76 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,862
  • Edited 6:41am Dec 10, 2020 6:22am | Edited 6:41am
Quoting Tekkies
{quote} To confirm direction of intended trade. ---- Got four confirmations that price want to go down. 2*TDI green, 2*stoch
Alright, there is like a ton of different way people uses the indicators.
Just wanted to double check.
We should see more examples from you Tekkies with the explanations even though it might be simple for you, hard to understand for someone new.
I explained my ''simple strat'' to a buddy, and he was confused hella, i was confused hella too... how can you be so confused at something so simple, ha!
  • #112,863
  • Dec 10, 2020 6:30am Dec 10, 2020 6:30am
Quoting emmanuel7788
"Empty Space" {image}
To late Emmanuel. Toti has already paid for that incorrect use of "empty space"
  • #112,864
  • Dec 10, 2020 6:34am Dec 10, 2020 6:34am
Quoting hasib
Doing Review end of the session and end of the day is important. Dr.Brett N. Steenbarger Recommends doing a Trading review every day every week and every month. I am lazy I don't do Pre-market analysis, I don't do Post market trade analysis. I don't do Trade by Trade Review. I don't do through process analysis. That is why I could not reach my goal yet. I have to do all of this to understand and learn from my mistake. I make mistake I am not Robot. edit- Dr.Brett N. Steenbarger also recommends identify your strong or good decisions point too. I...
1 min tf means scalping,1 min to me is very unreliable.do we use 5ema on 1 min chart as well? because 5ema in D is different in 1min.5ema on daily could be 50/200 on lower time frame,plz explain if u r using 5ema on 1m in for momemtum only? share your knowledge please
  • #112,865
  • Dec 10, 2020 6:38am Dec 10, 2020 6:38am
Quoting Tekkies
{quote} To late Emmanuel. Toti has already paid for that incorrect use of "empty space"
well, it was his own trade plan and his own trading decision to trade when the H4 price action is still within that Master Candle CONSOLIDATION.

Big E' advice is not to trade when PA is in or near a CONSOLIDATION Post#647.

The Trend 2/8 Weekly is bullish GREEN.

Trend 2/8 Daily is ranging.
The Daily TDIC1 is RED there is risk to buy when the green is below the red.

Today I did not trade EURUSD, I hit my daily target 60%.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Dec 10 H4 empty space 10-12-2020 8-18-42 pm.png Size: 76 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,866
  • Dec 10, 2020 6:49am Dec 10, 2020 6:49am
My favourite type of M15 and H1 close

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Dec 10 M15 w H1 close 10-12-2020 8-45-49 pm.png Size: 71 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,867
  • Dec 10, 2020 6:50am Dec 10, 2020 6:50am
Another example:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Dec 10 M15 w H1 close 10-12-2020 8-47-26 pm.png Size: 70 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,868
  • Dec 10, 2020 6:50am Dec 10, 2020 6:50am
example M15 candle close in H1 candle:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Dec 10 M15 w H1 close 10-12-2020 8-46-43 pm.png Size: 71 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,869
  • Dec 10, 2020 6:55am Dec 10, 2020 6:55am
Quoting Tekkies
{quote} To late Emmanuel. Toti has already paid for that incorrect use of "empty space"
not exactly . i get out from the water dry. i changed a bit the SL and i get out on 0
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  • #112,870
  • Dec 10, 2020 6:58am Dec 10, 2020 6:58am
Quoting emmanuel7788
{quote} know the big event today, I am risk-averse type and knowing the Weekly and Daily conditions, I'll pick my trades very carefully now. This 'bearish H1 close' is not the best candle to pick as H4 is sideways. If there is a H1 strong reversal I will consider. But the next bullish H1 is what I'll wait for. I look at 'empty space' to buy or sell. Selling now has no 'empty space' below. Buy looks better . {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Dec 10 M15 LO1 10-12-2020 5-39-34 pm.png Size: 44 KB




price action huge reaction from the space that was 'shark-infested"


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Dec 10 H1 10-12-2020 8-52-56 pm.png Size: 87 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,871
  • Dec 10, 2020 6:59am Dec 10, 2020 6:59am
Quoting toti1985
{quote} not exactly . i get out from the water dry. i changed a bit the SL and i get out on 0 {image}

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,872
  • Dec 10, 2020 7:02am Dec 10, 2020 7:02am
Quoting emmanuel7788
{quote}
i did not hold the position for profit , because i was not sure how long will be the spike. so i prefer to get on 0, instead on minus
Thank you Emmanuel !
  • #112,873
  • Dec 10, 2020 7:11am Dec 10, 2020 7:11am
New York Open

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thank you to the market today
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,874
  • Dec 10, 2020 7:15am Dec 10, 2020 7:15am
Quoting PixelSniper
{quote} Alright, there is like a ton of different way people uses the indicators. Just wanted to double check. We should see more examples from you Tekkies with the explanations even though it might be simple for you, hard to understand for someone new. I explained my ''simple strat'' to a buddy, and he was confused hella, i was confused hella too... how can you be so confused at something so simple, ha!
Sniper
There is really no need to explain the trades taken. BigE has done that already.
#2..... Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle...
#1.... I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else.

Use post#647 or post#6 or post#54 or all of BigE's post's in this thread to understand trades taken on charts posted.

I see that red news is playing havoc with price again.
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Quoting PixelSniper
{quote}he was confused hella, i was confused hella too...
Double confusement?
sounds like "Cry havoc and let slip the dogs of war trades"
  • #112,875
  • Dec 10, 2020 7:55am Dec 10, 2020 7:55am
Quoting Tekkies
{quote} Double confusement? sounds like "Cry havoc and let slip the dogs of war trades"
Yeah no worries, i told him to hold some physical silver in the end. Haha
  • #112,876
  • Dec 10, 2020 7:55am Dec 10, 2020 7:55am
Hi all of you,

Attached File(s)
File Type: mq4 Master_Candle_v2.mq4   5 KB | 572 downloads

God bless.

PS

Attached File(s)
File Type: mq4 M-Candles_button_H1.mq4   14 KB | 545 downloads
Attached File(s)
File Type: mq4 M-Candles_button_H4.mq4   14 KB | 517 downloads
Attached File(s)
File Type: mq4 M-Candles_button_W1.mq4   14 KB | 522 downloads
Attached File(s)
File Type: mq4 M-Candles_button_MN1.mq4   14 KB | 496 downloads
Attached File(s)
File Type: mq4 M-Candles_button_D1.mq4   14 KB | 540 downloads
The only impartial feeling is love. It is also the only feeling of God.
  • #112,877
  • Dec 10, 2020 8:06am Dec 10, 2020 8:06am
Going down?
Attached Image (click to enlarge)
Click to Enlarge Name: going downasa.PNG Size: 70 KB
  • #112,878
  • Dec 10, 2020 8:07am Dec 10, 2020 8:07am
Quoting Tekkies
{quote} Use TradingView own built-in Stoch with 8.3.3. You can trade without Stoch already and is comfortable with that, why do you want to use stoch? Keep it off the chart's.
Tekkies that's actually a good point. I probably shouldn't add the stoch but I thought that adding it may further increase my win percentage.
  • #112,879
  • Dec 10, 2020 8:32am Dec 10, 2020 8:32am
Quoting LvMMT
Hi all of you, {file} God bless. PS {file}{file}{file}{file} {file}
super! thanks
  • #112,880
  • Dec 10, 2020 8:34am Dec 10, 2020 8:34am
Quoting emmanuel7788
USDCAD H4 - triple bottoms chart pattern + divergence {image}
Emm,my question to you is why do u use 2/8 of W1,sicne we are trading 4h-1h-15 min,is it not good keeping 2/8 of D? please share your thoughts behind it,thnks
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