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Trading Made Simple

  • #28,621
  • Jan 3, 2014 6:11pm Jan 3, 2014 6:11pm
Quoting heispark
{quote} Perhaps, a MTF trend indicator may help you as well. Before the EJ collapse started, from 5m to 4h had bearish bias. The only concern was as Phx62 stated if it would have enough momentum to move....
Thank you very much heispark.
  • #28,622
  • Jan 3, 2014 6:21pm Jan 3, 2014 6:21pm
Quoting lastingwell
{quote} There are a lot of us that use either synergy or heiken ashi bars over the bar chart, this way you can see the real open and close of the japanese candlestick, use whatever you're comfortable with using, try some different setups and see which you prefer. I've used japanese candlesticks for a long time, but actually prefer my setup with synergy over bar chart. I'm probably in the minority but I don't find they hide the price action compared to candlesticks, I find they confirm the price action, so for instance if I see a pin bar on a japanese...
The cool thing about APB is that for instance on a pullback setup (IB) you dont need to wait for a break below the low of the candle, all you need is for APB to change color. Generally, I've noticed that when such a setup occurs, the IB closes lower (in an uptrend) APB remaining blue and the next candle to open is usually red. If the TDI has crossed as APB changes color, I pull the trigger. What's more, unless there are news, 99% of the time price wont move above the IB before heading lower

This may not be the most ideal looking setup... but it gives a general idea of what I mean.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ IB.png Size: 49 KB
  • #28,623
  • Jan 3, 2014 7:48pm Jan 3, 2014 7:48pm
Quoting budwiser27
Has any one ever tried trading without a stop loss I just watched an excellent video of guy who never uses a stop loss and does not lose a trade, at worst he gets out at break even. What are your thoughts on this type of trading ?
You may want to see how Forexcube does then... (forexcube is FF member name).
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #28,624
  • Jan 3, 2014 7:51pm Jan 3, 2014 7:51pm
Quoting Nellycopter
Hi Emmanuel, how far back do i need to go ? or can you tell me what candle setup i need on my charts ? i am not the best at reading for hours on end, which is probably why i have missed some... nelly

Nelly:

Master Candle discussion started in July 2013. Not many posts, if you use the FF search using "Master Candle" as keyword, that would bring up the posts.

One example is post#22,542.

What I said was the APB hides the real Price Bar. See example below.
The APB Open is always 50% of the previous APB, and the real price not necessarily reach that 50% level.
When I talk about Price Action, I am referring to the real Price Bars or Japanese Candlesticks Patterns.

Attached Image (click to enlarge)
Click to Enlarge Name: APB vs OHLC.png Size: 32 KB


When I talk about price action, it is about an overall view of the price structure and its behaviour seen on the chart. I did not say the APB hides the price action.

Most TMS traders uses the APB/HA to look for a change in the colour and use that as a entry and exit condition.


EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #28,625
  • Jan 3, 2014 8:08pm Jan 3, 2014 8:08pm
Here is another Master Candle example:
This one is shown with the 5SMMA PAC.

Attached Image (click to enlarge)
Click to Enlarge Name: Master Candle example1.png Size: 34 KB


The MC is just one CSP use to highlight price consolidation and we wait to trade the breakout.

We can use the MC in higher timeframe for example D and W.
Nothing is stopping us to trade in lower timeframe after a higher Timeframe MC shows up.
Usually a trade entry in lower timeframe will put us in the market before the MC breakout occur.
This is where knowing how to reconcile the multiple timeframe is an important skill you need to learn and master.
The same TMS rules for H4 and H1 applies when we trade when price is in higher timeframe consolidation.

Good Trading!

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #28,626
  • Jan 3, 2014 9:41pm Jan 3, 2014 9:41pm
Quoting Erol
For all those still getting to grips with CSP's..... In order to help progress away from "schematics" attached is a document I had compiled a while ago to help me speed up my understanding of some of the CSP contained in this thread and what to look for this helped me so it might help you. Cigarguy, in reference to your PM you will find what you are looking for here (at the end). Once again....to trade TMS proficiently one of the steps is to... "Establish a set of criteria for each setup (i.e when is it valid, when is it an "imposter"), and follow...
Thanks Erol, very good PDf, for those that need to find the setups with TMS and trade them over and over again, this can help
I Have Learned to Take Some Losses to Make Profits
  • #28,627
  • Jan 4, 2014 2:07am Jan 4, 2014 2:07am
Hello guys/gals,

I just want to say hi and thank a few forum members in particular for keeping me inspired to keep going on my trading journey. I have only posted on the TMS thread 7 times in the past but I do read it thoroughly every week and constantly get inspired to keep working at learning more and more about myself and the markets.

I am not completely new to trading, I have traded live accounts in the past using other systems with less than impressive results. I count long-term break-even as less than impressive as its not a good representation of time and effort sacrificed. After taking a step back from trading late last year to work on my psychology in the style of Mark Douglas's Trading in the Zone book I now feel like I am ready to start building my trading method/system. I am not saying that my trading psychology is what it needs to be but I believe I need to develop mental fitness as I go along building my system as an athlete would strengthen and condition his/her mind and body for competition.

My biggest problem in the past and the thing that brought me most stress and the inability to make a trading based decision based on too many variables. I started off using Gann/Fibonacci forecasting techniques after touching base with a successful trader in my local area. The problem with the Gann/Fib stuff is that it is highly subjective in my opinion. Its all well and good to come up with forecasts etc and place trades but when there is no solid trading rule structure subjectivity, if not used by a highly experienced trader, can be absolutely devastating to a struggling trader because after your mind has tricked you into making the "wrong" decision that you only see in hindsight, you feel like you have betrayed yourself and its a vicious cycle.

I know that Fib levels are used to some extent in TMS but the TMS method is an all-encompassing technique taking into account Fibs, Candles patterns, S&R and other Price Action related things so we can get a well scrutinized and high probability trade. This in my opinion takes away most subjectivity and back-testing would most certainly help with this.

I want to say thank-you to the main custodians of this thread (Big E, Emmanuel, Phx62, Erol) and all other contributors for taking the time to share and contribute because I know because of your generosity I have all the information to succeed in this sometimes extremely frustrating endeavor we call "trading".

My goal for this year is by the end of the calender year 2014 to be producing a profit of 10% every 20 trading days as Emmanuel suggests to aim for. If I can do this I will be able to eventually reduce my working hours in my day job. I will be working exclusively on the 4 hour time-frame also as I believe this will give me the best work/life/trading balance and that is what will make the difference long term. I have been splashing around in the shallows for far too long in this thread. The information shared here is absolute gold and I look forward to bringing what I can to the forum.

Happy New Year and keep up the good work everybody

Cheers

Oz
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #28,628
  • Jan 4, 2014 3:47am Jan 4, 2014 3:47am
Quoting Robfx90
Hi everyone! These are a really useful pdf's above! Phx62 mentioned the daily high/low is set in the first 2-3 hours of London session! Could somebody give me an answer to which pairs refer to? Thanks the answer in advance!
Hello Robfx90,
Here's a repeat of part of my post 26332 in October.
In the 100 business days from May 23 up to last Friday 11 October (i.e. not including UK Bank Holidays May 27 and Aug 26), the high or low of the London session (0800 to 1700 British Summer Time (GMT+1)) was set in the first 3 H1 bars of the session the following number of times:


GJ 81

EJ 76

EA 74

EU 65

AU 71


GU 77
Thanks for your help, warmth and straight talking Heather.
  • #28,629
  • Edited 8:48am Jan 4, 2014 6:03am | Edited 8:48am
This week there were some posts regarding stops. While I was reviewing Big E's posts this week end, I found that he gave us his answer. Although he is not with us, his words of wisdom and posts of humor remain;
Attached Image
Keep It Simple
  • #28,630
  • Jan 4, 2014 6:04am Jan 4, 2014 6:04am
Quoting Kanderpro
{quote} Hello Robfx90, Here's a repeat of part of my post 26332 in October. In the 100 business days from May 23 up to last Friday 11 October (i.e. not including UK Bank Holidays May 27 and Aug 26), the high or low of the London session (0800 to 1700 British Summer Time (GMT+1)) was set in the first 3 H1 bars of the session the following number of times: GJ 81 EJ 76 EA 74 EU 65 AU 71 GU 77
Thank you very much Kanderpro! It's very useful !!
  • #28,631
  • Jan 4, 2014 7:38am Jan 4, 2014 7:38am
Thx for the replys guys some real interesting reads and advice thank you
  • #28,632
  • Jan 4, 2014 9:04am Jan 4, 2014 9:04am
Hi all,

does anybody have any .pdf or information (post, website, etc) about pullback bars? Thanks in advance, have a great weekend!
  • #28,633
  • Jan 4, 2014 9:40am Jan 4, 2014 9:40am
Quoting Superflyer
Hi all, does anybody have any .pdf or information (post, website, etc) about pullback bars? Thanks in advance, have a great weekend!
Basically, X-Man has explained the PB candle as:

Quote
pullback candle.
What is a pullback candle? A pullback candle is a candle if the previous candles are bearish then candle will form a low then reverse and close above the open. If the previous candles are bullish then the candle will form a high and close below the open of the candle. This can be mastered by back testing only. The more you back test the easier it will become to identify these signals. I back test 1 month of data each morning before the London can open. E/U moves in a certain way and if you back test and spend lots of time with...

roughly a pinbar according to this explanation.

I consider IB to be also pullback setups.
  • #28,634
  • Jan 4, 2014 10:28am Jan 4, 2014 10:28am
Quoting OzFXtrader82
Hello guys/gals, I just want to say hi and thank a few forum members in particular for keeping me inspired to keep going on my trading journey. I have only posted on the TMS thread 7 times in the past but I do read it thoroughly every week and constantly get inspired to keep working at learning more and more about myself and the markets. I am not completely new to trading, I have traded live accounts in the past using other systems with less than impressive results. I count long-term break-even as less than impressive as its not a good representation...

Hi Oz,


Nice to see you here! Keep up the WORK. I'm not sure if you've seen these posts below but thought they might be of some use to all people beginning there TMS journey in 2014 (click on them and have a read).



Quoting Erol
Just to recap for all the newer guys to TMS. Here are some main posts to look at that need focus as the same questions have been reoccurring over and over the past week, with members not interested in wanting to search for answers to their questions already contained in the thread (the search for your answers is an important development tool for all traders. If you don't practice it here...how can you apply this thirst for answers anywhere else in your development as a trader). You need to read these posts - more importantly read the entire thread...

Quoting Erol
Question for all those active & non-active members of this thread/the TMS strategy: Have you got a trading system? You may be thinking why is this guy asking such a stupid question....of course I have a trading system! Does it consist of these eight parts? 1. a market filter 2. set up conditions 3. an entry signal 4. a worst-case stop loss 5. re-entry when it is appropriate 6. profit-taking exits 7. a position sizing algorithm, and 8. you might need multiple systems for different market conditions. You know may be saying yes I have these 8 parts...
Hope the above is some help

Erol
  • #28,635
  • Edited 10:47am Jan 4, 2014 10:36am | Edited 10:47am
Quoting Superflyer
Hi all, does anybody have any .pdf or information (post, website, etc) about pullback bars? Thanks in advance, have a great weekend!
Superflyer here are some PullBack (Pinbar) examples

Quoting emmanuel7788
{quote} Pullback candle is Pin Bar. But not all Pin Bars are tradeable in they way it is. If you break down a H1 pin bar into M15 bars, you should see a 3 bars reversal pattern. Pin bar appearing at support and resistance are of higher probability to trade. Pin bar appearing at the London session high or low are usually good to trade. To learn the APB, go to this link.
Quoting emmanuel7788
{quote} {image} Someone PM asked me what is that 'this is nice!" on my chart posted earlier That is a Pop Gun after a Pin Bar. A good sign of increase demand and maybe that the downtrend has ended. {image}
Quoting emmanuel7788
{quote} hi dalytec, as I trade mostly 4H periods, my trade setups are based on H4 and D candlestick/bar patterns. The H4 chart as shown below, I use H1 during the day trading but I have my H4 always in mind when I see H1 price action. The higher TF setups works better for me and with TMS as the confirmation of all A+++ setups. regards, EMMANUEL {image}
Quoting emmanuel7788
{quote} Hi Axiom, When I trade 4H swing, I will also manage my trades in H4 TF. It does not make sense to manage in lower TF as the lower TF market noise will affect our judgement. When we see price pullback, we will also expect the TDI to respond, hence we see TDI green goes flat and in some extreme price consolidation the TDi green will hook back. This therefore requires us to check the higher TF to make sure that our H4 trade is still valid and there is no invalidation of the initial a trade setup. Trading higher TF also requires us to place...
Quoting emmanuel7788
EURNZD H4 trade update: Here is my trade update. First trade closed yesterday +80pips. Re-do position sizing with new Risk 2% and Re-entry when price pullback. This trade is now protected at BE, so it is a free trade. Looking at the APB/Ha candles, the down flow is still looking good...so long as I see flat end APB/HA and the price bar does not show any strong upthrust. Let market decide later when LO. Trade Well folks. {image}
  • #28,636
  • Jan 4, 2014 2:08pm Jan 4, 2014 2:08pm
Quoting Superflyer
Hi all, does anybody have any .pdf or information (post, website, etc) about pullback bars? Thanks in advance, have a great weekend!

Here is a wicked one: Candlestick Patterns

Why wicked?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #28,637
  • Jan 4, 2014 2:14pm Jan 4, 2014 2:14pm
Quoting WDays
{quote} Basically, X-Man has explained the PB candle as: {quote} roughly a pinbar according to this explanation. I consider IB to be also pullback setups.
Hmmm....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #28,638
  • Jan 4, 2014 2:20pm Jan 4, 2014 2:20pm
Quoting Erol
{quote} Superflyer here are some PullBack (Pinbar) examples {quote} {quote} {quote} {quote} {quote}

Erol:

i am going back in time re-reading all these old posts.
Perhaps its time I post my 2013 trade journal ...

Seriously, when I see these old charts again, I see some more practical lessons which will help me in 2014 planning.
Thanks for opening up another part of my brain.

Have a Good Weekend.
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #28,639
  • Jan 4, 2014 2:52pm Jan 4, 2014 2:52pm
Thanks to all of you, it seems easier than I thought
  • #28,640
  • Jan 4, 2014 4:34pm Jan 4, 2014 4:34pm
Quoting emmanuel7788
{quote} Hmmm....
Taken from here
Attached File(s)
File Type: pdf S3 E-U method.pdf   538 KB | 924 downloads
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