Trading Made Simple | Page 1492 | 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

  • #29,821
  • Jan 25, 2014 2:44am Jan 25, 2014 2:44am
Quoting Mark up
{quote} But Irishtoffy, Its Saturday as Emmanuel stated, Maybe it might be some thought provoking artwork, mmmmmmmm. Idle hands and all that stuff. Mark up.
The small dark circles appear on every IB; The pink anchor-like icon appears on all Pin bars; plus the little purple satellite looking icon appears on BUEB/BEEB.

Like I say..I may be wrong though!
  • #29,822
  • Jan 25, 2014 4:37am Jan 25, 2014 4:37am
Quoting irishtoffy
{quote} The small dark circles appear on every IB; The pink anchor-like icon appears on all Pin bars; plus the little purple satellite looking icon appears on BUEB/BEEB. Like I say..I may be wrong though!

Paul,

Your 'third eye' is developing very well and becoming very sharp ... like mine.

Except that Pin Bar is no ordinary Pin Bar. It is a 25/75 PIn Bar ... body must be less than 25% of the high-low, and that long wick must be at least 75%.
Some text books named them Shooting Star and Hammer..

Now another chart for third- eye practice.

Have some fun while market is close.

regards,

EMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: bar patterns ex 1.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,823
  • Jan 25, 2014 5:09am Jan 25, 2014 5:09am
Quoting emmanuel7788
Week 04 - 20 to 24 Jan: Corporate earnings results will leak this week. Big names corporations stocks will see investors attention. Stock market expect some volatility. So we should see volatility in forex too and be prepared when we trade TMS this week. Learn to take some losses. Have a Plan A and a Plan B. You have one last chance with a Plan C. Have a Good Trading Week! EMMANUEL

Did I say this week we expect some volatile market with corporate earinings results.
Next week 05 27 to 31 Jan, we see a few GDP announcements, so we should see some big forex moves.
Monday 27 Jan is Australian Day so no trading early monday morning here.
We also have ECOFIN meeting on 28 Jan.
Week full choke full of events and news.
Be prepared for another good trading week.



.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,824
  • Jan 25, 2014 5:18am Jan 25, 2014 5:18am
Quoting Mark up
{quote} Good day Emmanuel, Yes, yesterday was a very interesting day. EJ and GU both moving well. Can I ask, what are the little bird like icons on your chart about, they look good? cheers Mark up
Hi Mark,

Those icons are actually Wingdings symbols used in MT4 coding.

I use those symbols to mark on my charts for selected candlestick / bar patterns in history charts for study and analysis. Currently working on some chart patters alerts to help with TMS trading.

Attached Image


Have a Good Weekend.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,825
  • Jan 25, 2014 5:23am Jan 25, 2014 5:23am
Quoting emmanuel7788
{quote} Paul, Your 'third eye' is developing very well and becoming very sharp ... like mine. Except that Pin Bar is no ordinary Pin Bar. It is a 25/75 PIn Bar ... body must be less than 25% of the high-low, and that long wick must be at least 75%. Some text books named them Shooting Star and Hammer.. Now another chart for third- eye practice. Have some fun while market is close. regards, EMMANUEL {image}
Cheers, I was going to mention about them being 25/75 pin bars but thought I'd wait to see if I was correct first!

The question about why the 3 bars do not make a PCRF: Because candle 3 does not break below the previous CS low.

I am not so sure about the the 3-bars with arrows - they seem to show double or triple tops on some of them you marked? I am a bit stumped on this actually!


irishtoffy
  • #29,826
  • Jan 25, 2014 6:08am Jan 25, 2014 6:08am
Quoting irishtoffy
{quote} Cheers, I was going to mention about them being 25/75 pin bars but thought I'd wait to see if I was correct first! The question about why the 3 bars do not make a PCRF: Because candle 3 does not break below the previous CS low. I am not so sure about the the 3-bars with arrows - they seem to show double or triple tops on some of them you marked? I am a bit stumped on this actually! irishtoffy

That 3-bar pattern had an IB in there. So we trade that IB breakout with TDI confirmation.

Those 3-bars arrows are actually 3-bars BEARISH patterns which we can trade with TDI cross or 4-6 as confirmation.
There is a H - L > HH - HL > LH -LL.

These will add to the pdf Three Powerful Forex Price Patterns whcih I am working on right now.

See updated chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: bar patterns ex 1.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,827
  • Jan 25, 2014 6:15am Jan 25, 2014 6:15am
Quoting Phx62
Lane's explanation is spot on...
Quoting WDays
Once again, it was not an ideal setup, ...
Quoting Lane
I'm guessing because the market ...
Thank you to you three guys,

very perspicuous explanation. I didn't watch on all details - I was concentrating on the blue candle, the PCRF with the IB as 3rd candle and didn't take in account that trend(line) and flat MBL around 50.

Additionally to phx62:

Your weekly review on your trades let me feel like back in past - many years ago in school - as the teacher distributed the standard solution for the excercices after the written test, and every student could see, what would had been right.
fxFox (all times in my charts are GMT+1)
  • #29,828
  • Jan 25, 2014 7:13am Jan 25, 2014 7:13am
Quoting 4Good
hello FXFOX pls what is a PCRF do you have a place I an read more on it Thanks {quote}
4Good,

PCRF = pullback candle reversal formation
is a definition Phx62 has defined - you find more info in his post 29,457

It is a reversal formation consisting in the middle of a pin bar (hammer), which indicates a potential low (or a top) of a price swing. Normally 3 bars/candles are involved and you enter regularly on the 4th bar breaking the top (low) of the 3rd bar. It is only one part of the decision and should be supported by other issues (like tdi or S/R, ...)

Look at the chart of Phx62 - a picture will show it easier than lots of words.
fxFox (all times in my charts are GMT+1)
  • #29,829
  • Jan 25, 2014 7:28am Jan 25, 2014 7:28am
Quoting emmanuel7788
{quote} That 3-bar pattern had an IB in there. So we trade that IB breakout with TDI confirmation. Those 3-bars arrows are actually 3-bars BEARISH patterns which we can trade with TDI cross or 4-6 as confirmation. There is a H - L > HH - HL > LH -LL. These will add to the pdf Three Powerful Forex Price Patterns whcih I am working on right now. See updated chart below. {image}
Ahhhh..of course!! I was over complicating it!

Very useful to see it presented like that in a pair I trade on just last weeks chart..most enlightening
  • #29,830
  • Jan 25, 2014 8:52am Jan 25, 2014 8:52am
Weekend killing time video from Steve Nison....

Inserted Video

Inserted Video
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #29,831
  • Jan 25, 2014 9:13am Jan 25, 2014 9:13am
Heads UP!

http://www.forexfactory.com/showthread.php?t=468145
Attached Image (click to enlarge)
Click to Enlarge Name: metatrader_4_market_en[1].png Size: 40 KB
Keep It Simple
  • #29,832
  • Jan 25, 2014 6:52pm Jan 25, 2014 6:52pm
Quoting heispark
Weekend killing time video from Steve Nison.... http://youtu.be/VKtGeZUjLWo http://youtu.be/nL0vMJ-pNXU
Thanks for posting these videos Heispark, I should have watched these a long time ago. I'll have to check out more of Steve Nison's videos.

Have a good weekend.
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #29,833
  • Jan 25, 2014 6:56pm Jan 25, 2014 6:56pm
Quoting emmanuel7788
{quote} That 3-bar pattern had an IB in there. So we trade that IB breakout with TDI confirmation. Those 3-bars arrows are actually 3-bars BEARISH patterns which we can trade with TDI cross or 4-6 as confirmation. There is a H - L > HH - HL > LH -LL. These will add to the pdf Three Powerful Forex Price Patterns whcih I am working on right now. See updated chart below. {image}
I'm looking forward to seeing the new pdf Emmanuel. Are you sure you weren't a forensic detective in a previous life? Your attention to detail is beyond the scope of most other humans I know
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #29,834
  • Jan 25, 2014 8:59pm Jan 25, 2014 8:59pm
Hi I have a question. Doing back test and I'm curious about this set up on 1 August 2013

EURJPY, H1, 1 Aug 2013
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-01-26_0955_old_EJ.png Size: 5 KB


This bear candle I marked. In my test I'd enter short and got full loss. It looks like a reversal pattern, LO candle, TDI hooked down, next candle HA changed color to red.

What would be the clue to stay out of this trade for you?
Everything you can imagine, is real - Pablo Picasso
  • #29,835
  • Jan 25, 2014 9:29pm Jan 25, 2014 9:29pm
Quoting Direwolf
Hi I have a question. Doing back test and I'm curious about this set up on 1 August 2013 EURJPY, H1, 1 Aug 2013 {image} This bear candle I marked. In my test I'd enter short and got full loss. It looks like a reversal pattern, LO candle, TDI hooked down, next candle HA changed color to red. What would be the clue to stay out of this trade for you?
I'm no expert Direwolf but the biggest thing for me with that signal would be the fact that the candle before it made a new higher high and shorting a new higher high is a low probability trade without further confirmation. Thats just my opinion and I'd be interested to hear what any other folks have to say.

I just checked the trade on my charts aswell and there was a bullish rotation at the New York Open the night before which was still in effect. The trade signal line and RSI was above the Market Base Line giving a Bullish bias.

I'll attach a screenshot if you don't understand what I mean.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY H1.PNG Size: 134 KB
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #29,836
  • Jan 25, 2014 10:11pm Jan 25, 2014 10:11pm
Quoting Direwolf
Hi I have a question. Doing back test and I'm curious about this set up on 1 August 2013 EURJPY, H1, 1 Aug 2013 {image} This bear candle I marked. In my test I'd enter short and got full loss. It looks like a reversal pattern, LO candle, TDI hooked down, next candle HA changed color to red. What would be the clue to stay out of this trade for you?

Direwolf:

Just looking at your chart posted and without even to consider any historical support and resistance which I nromally do in my Big Picture Planning.

As price action traders, we must look at the most recent support and resistance on the H1 posted. There were several significant price swing levels as I marked on your chart.

Study careefully reversal candlestick patterns. The 3-bars reversal is an important CSP to know when we use the APB/HA and TDI for confirmation.

See my comments below.

Attached Image (click to enlarge)
Click to Enlarge Name: Direwolf AU question.png Size: 41 KB


regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,837
  • Jan 25, 2014 10:24pm Jan 25, 2014 10:24pm
Quoting OzFXtrader82
{quote} I'm looking forward to seeing the new pdf Emmanuel. Are you sure you weren't a forensic detective in a previous life? Your attention to detail is beyond the scope of most other humans I know

Thanks Oz.
I really don't know but I am very gratefull to grandfather because he taught me to be hardworking and to be meticulous in whatever I do. That I do and I am still doing everyday.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,838
  • Jan 25, 2014 10:25pm Jan 25, 2014 10:25pm
Thank you!
Everything you can imagine, is real - Pablo Picasso
  • #29,839
  • Jan 25, 2014 10:26pm Jan 25, 2014 10:26pm
Quoting Bigriodog
I'm a Newbie...and trying to follow everything. Do any of you pros post in real time so it would make it easier to follow. Love what I have seen so far, but to live it in real time would be a big help. Thanks Las Vegas.

You need to login to follow who is posting everyday in realtime market.
Be active when others post and participate in discussions.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,840
  • Jan 25, 2014 10:32pm Jan 25, 2014 10:32pm
Quoting cigarguy
Heads UP! http://www.forexfactory.com/showthread.php?t=468145 {image}

MT4 Build 574:

No worries.

We will not have any problem Trading Made Simple here with new builds.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
60 traders viewing now, 1 is registered:
Simple-man