Trading Made Simple | Page 1473 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #29,441
  • Jan 18, 2014 3:42am Jan 18, 2014 3:42am
Hello All, I'm using Xi-VLines20v1.02 on my H1 charts to mark Lon open and close, and NY open and close. With a now greater emphasis on H4 charts, I'd like something similar to place a line at the start of the week and the start of each day on my H4 charts. Can anyone help me please?
Thanks for your help, warmth and straight talking Heather.
  • #29,442
  • Jan 18, 2014 3:44am Jan 18, 2014 3:44am
Quoting allhappy
{quote} Hi Emmanue, I would like to have the Blue lines of SL,TP1,TP2, etc from your chart. Kindly let me know where to get it. Thanks a lot AllHappy
Those are drawn using MT4 scripts.

Goto post#22,364
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,443
  • Jan 18, 2014 3:46am Jan 18, 2014 3:46am
Quoting Kanderpro
Hello All, I'm using Xi-VLines20v1.02 on my H1 charts to mark Lon open and close, and NY open and close. With a now greater emphasis on H4 charts, I'd like something similar to place a line at the start of the week and the start of each day. Can anyone help me please?

That's basic MT4 stuff.

Just hit CTRL+Y to toggle on anf off the vertical lines period separator.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,444
  • Jan 18, 2014 4:06am Jan 18, 2014 4:06am
Quoting emmanuel7788
{quote} That's basic MT4 stuff. Just hit CTRL+Y to toggle on anf off the vertical lines period separator.
Thanks Emmanuel. A partial solution.
Thanks for your help, warmth and straight talking Heather.
  • #29,445
  • Jan 18, 2014 4:50am Jan 18, 2014 4:50am
Quoting emmanuel7788
{quote} That's basic MT4 stuff. Just hit CTRL+Y to toggle on anf off the vertical lines period separator.

the indicator Xi-VLines has feature to add more lines.
You need to set the correct parameters to show a Day open vetrical line.

Attached Image (click to enlarge)
Click to Enlarge Name: Day open V-Line.png Size: 18 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,446
  • Jan 18, 2014 5:17am Jan 18, 2014 5:17am
Quoting emmanuel7788
{quote} the indicator Xi-VLines has feature to add more lines. You need to set the correct parameters to show a Day open vetrical line. {image}
Putting the period separator on my H4 charts with Cntrl+Y gives a white dotted line at the beginning of each week. Great! Unfortunately the Day Open Xi-VLines obscure them. I have moved the Xi-VLines to the H4 0600 candle. If there isn't an indicator to satisfy my original request (which was made so that I could get an easier view of how the H4 chart had moved over a week), I'll just have to get used to that.
Thanks for your responses Emmanuel.
Kan
Thanks for your help, warmth and straight talking Heather.
  • #29,447
  • Edited 1:20pm Jan 18, 2014 5:53am | Edited 1:20pm
For those new Mini Chart users that may have multiple monitors and/or the screen real estate, of course you can watch a few pairs with the settings of your choice on one window/screen.

Just FYI
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 Jan. 18 14.18.gif Size: 99 KB
Keep It Simple
  • #29,448
  • Jan 18, 2014 6:58am Jan 18, 2014 6:58am
Quoting emmanuel7788
how to set protective stop? Here is one of steve nison' training video: https://www.youtube.com/watch?v=yswcdamsacc
very good emmanuel,this kind info is allways welcome,thank's,budwayjust a reminder""" big setup works perf.""".,so remind everybory read big e tread,thank's e.
  • #29,449
  • Jan 18, 2014 10:30am Jan 18, 2014 10:30am
Attached is a chart and analysis for this past week showing only possible entries on the EJ H1, based on Pullback Candle Reverse Formations. Pullback Candle Reversal Formation are noted on the chart as PCRF. Green lines are the entry point on a break of the 3rd leg of the PCRF. There were 11 possible trades with 9 of them being winners. If you only captured one half of the possible pips, you would have averaged over 70 pips per day based only on just this candle formation and TDI confirmation. When you include higher time frame analysis, S&R, other candle formations, trading other pairs, etc, the possibilities are endless AS LONG AS YOU ARE PATIENT AND WAIT FOR THE TRADES TO SET UP BEFORE ENTERING AND WITH PROPER MONEY MANAGEMENT, YOU CAN SUCCEED.......BE A SNIPER NOT A MACHINE GUNNER!!!!!
The analysis for the chart is found in the attached Excel file.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014.1.17 ej h1 pcrf.png Size: 94 KB

Attached File(s)
File Type: xlsx Analysis for chart.xlsx   11 KB | 1,973 downloads
  • #29,450
  • Jan 18, 2014 11:36am Jan 18, 2014 11:36am
Quoting camron
will this be a good entry? GU, long, TDI: check, stochastik: check. the only thing is that the candles are small. {image}
on post 29.360 i posted the image "GU missed trade". TDI, Stoch were both confirming (image 2). I was just cautious - too cautious. Please have a look what happened few hours later in d 1st pic. Seems like I missed a good entry. The next one will come soon though.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU missed trade.png Size: 62 KB
Click to Enlarge Name: GBP-USD hesitated.png Size: 46 KB
  • #29,451
  • Jan 18, 2014 11:53am Jan 18, 2014 11:53am
Quoting Phx62
Attached is a chart and analysis for this past week showing only possible entries on the EJ H1, based on Pullback Candle Reverse Formations. Pullback Candle Reversal Formation are noted on the chart as PCRF. Green lines are the entry point on a break of the 3rd leg of the PCRF. There were 11 possible trades with 9 of them being winners. If you only captured one half of the possible pips, you would have averaged over 70 pips per day based only on just this candle formation and TDI confirmation. When you include higher time frame analysis, S&R, other...
As always, very informative post and chart Phx62

Question regarding entry 2. Right before going short, there was a blue candle (the double top). And i think that blue had crossed red in the tdi going up, signalling a buy trade? I would had probably taken the trade for long and made a loss there (rookie here ha). Hopefully you can give us some tips as to why you avoided that trade signal so that i won't make that mistake. Thanks mate.
  • #29,452
  • Jan 18, 2014 1:38pm Jan 18, 2014 1:38pm
Quoting plateau
{quote} As always, very informative post and chart Phx62 Question regarding entry 2. Right before going short, there was a blue candle (the double top). And i think that blue had crossed red in the tdi going up, signalling a buy trade? I would had probably taken the trade for long and made a loss there (rookie here ha). Hopefully you can give us some tips as to why you avoided that trade signal so that i won't make that mistake. Thanks mate.
I would avoid going long by looking at the MBL line. We are still in downtrend because both green/red are below MBL and 50 level. But we will leave the final reply for Phx62.

Thanks, hoperich
  • #29,453
  • Jan 18, 2014 1:45pm Jan 18, 2014 1:45pm
Quoting Phx62
Attached is a chart and analysis for this past week showing only possible entries on the EJ H1, based on Pullback Candle Reverse Formations. Pullback Candle Reversal Formation are noted on the chart as PCRF. Green lines are the entry point on a break of the 3rd leg of the PCRF. There were 11 possible trades with 9 of them being winners. If you only captured one half of the possible pips, you would have averaged over 70 pips per day based only on just this candle formation and TDI confirmation. When you include higher time frame analysis, S&R, other...
Thank you sir for the great analysis and teaching. I usually read your posts couple of times as each time it gives me more understanding of TMS and how simple it could be for someone who is willing to succeed in trading world. Your teaching is priceless.

Regards, hoperich
  • #29,454
  • Jan 18, 2014 1:49pm Jan 18, 2014 1:49pm
Quoting hoperich
{quote} Hi geomoon, I also try to follow phx62's method as I think it is one of the best in TMS thread. When I looked at your trade, you enter in a channel with Asian session. Shouldn't we wait for price to break high/low of asian? Thanks in advance.
hi hoperich,

I guess Emmanuel comment has explained it all and better than I would do , and as I can see also Phx62 has defined it as a pullback candle reverse pattern.
  • #29,455
  • Jan 18, 2014 2:37pm Jan 18, 2014 2:37pm
Quoting plateau
{quote} As always, very informative post and chart Phx62 Question regarding entry 2. Right before going short, there was a blue candle (the double top). And i think that blue had crossed red in the tdi going up, signalling a buy trade? I would had probably taken the trade for long and made a loss there (rookie here ha). Hopefully you can give us some tips as to why you avoided that trade signal so that i won't make that mistake. Thanks mate.
Hoperich is correct.....based on the MBL being above the TSL & RSI, we should be looking for short trades with the understanding that the TDI is in the oversold area and will be breaking out at some time.
The chart and analysis I posted was just to show the possibilities, not necessarily what trades I would have taken. Actually, in the area you are looking at, I would have entered a short trade at LO as a continuation of the downtrend. Price would have moved down and then reversed and I would have been stopped out at BE by the blue candle because my EA moves my SL to BE at 21 pips of profit. I would then have entered trade 2 short, as shown on the chart, with a target of 50 pips.
Have a good day......
  • #29,456
  • Jan 18, 2014 3:09pm Jan 18, 2014 3:09pm
Hi PHX62'

what are them small green lines that span three candles ?
do you draw them manually?

regards
nelly
  • #29,457
  • Jan 18, 2014 3:19pm Jan 18, 2014 3:19pm
Quoting Nellycopter
Hi PHX62' what are them small green lines that span three candles ? do you draw them manually? regards nelly
http://www.forexfactory.com/showthre...60#post7021360
  • #29,458
  • Jan 18, 2014 3:51pm Jan 18, 2014 3:51pm
Quoting Nellycopter
Hi PHX62' what are them small green lines that span three candles ? do you draw them manually? regards nelly
Green lines are the entry point on a break of the 3rd leg of the PCRF drawn manually.
  • #29,459
  • Jan 18, 2014 3:54pm Jan 18, 2014 3:54pm
Quoting Phx62
{quote} Green lines are the entry point on a break of the 3rd leg of the PCRF drawn manually.
Ohh those lines, my bad, apologies
  • #29,460
  • Edited 5:45pm Jan 18, 2014 5:25pm | Edited 5:45pm
Quoting plateau
{quote} As always, very informative post and chart Phx62 Question regarding entry 2. Right before going short, there was a blue candle (the double top). And i think that blue had crossed red in the tdi going up, signalling a buy trade? I would had probably taken the trade for long and made a loss there (rookie here ha). Hopefully you can give us some tips as to why you avoided that trade signal so that i won't make that mistake. Thanks mate.
If I may add my two cents to your question, in that particular area where you would've gone long,
there had already been a 180-200 pip strong down move which would require more confirmation for a reversal. Think of the athletics
where the sprinters can't stop at the finish line, they keep running until they can come to a full stop. Others also call this a 'wash out' of the
first come buyers. Also the 10 ema that I use was pointing sharply down.
For me the first place where I would look for a reversal had been at the greenline area which is 800ema on H1 chart that represent 200ema on H4.
As for more confirmation I would look for divergence for example that came later on with a double bottom with TDI crossing over above yellow mbl.
I also just noticed that the yellowgreen line on the chart is previous week's low at 141.498, and PA had already broken below that .
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-01-18_20-13-40ejb.png Size: 40 KB
If you're going through hell, keep going. Winston Churchill
32 traders viewing now, 1 is registered: