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Trading Made Simple

  • #31,961
  • Mar 8, 2014 11:15am Mar 8, 2014 11:15am
Quoting MrAussieFX
{quote} TheScorpS how do you draw the center line accurately. Do you use any tool ? Built in Equidistance channel indicator is good for channel width but how to draw the center line. I am backtesting EA H4 at the moment. Regards
I just look for as many as supports turned into reistence and vice versa as possible , then I just duplicate in GU case the upper line and take it to the heart line


Direwolf thanks a lot for your explanation, and also to take a channel into 45 degree , to look for channels from this perspective
I Have Learned to Take Some Losses to Make Profits
  • #31,962
  • Mar 8, 2014 1:59pm Mar 8, 2014 1:59pm
Quoting pundit78
Hi Emmanuel and other members out here Finally I have complied all the posts of Bizzzle from TMS thread and put it into a pdf file, hope it will help. {image}
Wow.... I am honoured!!

Give yourself a chance and trade it like it's layed out...
  • #31,963
  • Mar 8, 2014 3:08pm Mar 8, 2014 3:08pm
EJ - Here is the channel I have on my chart for next week:

Best of luck
Attached Image (click to enlarge)
Click to Enlarge Name: EJ channel.png Size: 61 KB
Give yourself a chance and trade it like it's layed out...
  • #31,964
  • Mar 8, 2014 7:53pm Mar 8, 2014 7:53pm
Thanks Brizzle. I have very similar channel drew on daiy (purple)
I also couldn't stop myself from seeing the blue channel. Will see how it turn out on Monday.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-09_0851_EJ.png Size: 20 KB
Everything you can imagine, is real - Pablo Picasso
  • #31,965
  • Mar 8, 2014 8:54pm Mar 8, 2014 8:54pm
Quoting Bizzzle
EJ - Here is the channel I have on my chart for next week: Best of luck {image}
Hi Bizzzle, did you to draw this channel maually or is it auto drawn?

I am using super channel and it looks like this.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 26 KB
  • #31,966
  • Mar 9, 2014 1:06am Mar 9, 2014 1:06am
Quoting forexpiet
{quote} Can't help you with that one but can point you to one I like very much. Google on MT4i Trading Simulator.
Forexpiet appreciate it.

@Thescrops Thanks for the information mate
  • #31,967
  • Mar 9, 2014 3:08am Mar 9, 2014 3:08am
Quoting pundit78
Hi Emmanuel and other members out here Finally I have complied all the posts of Bizzzle from TMS thread and put it into a pdf file, hope it will help. {image}
Many Thanks Pundit78 I am also studying Trader Bizzzle and have been trying to put together a pdf without success!! guess I'm not out of the abacus stage yet... very much appreciate your effort
  • #31,968
  • Mar 9, 2014 5:14am Mar 9, 2014 5:14am
Attached Image (click to enlarge)
Click to Enlarge Name: EA H4 channel drawn.png Size: 190 KB


Steps Followed in Drawing the channel
1. Pick the equidistance channel from the tools, Step 1
2. Find the Lower lows in the PA and point the equidistance channel and drag it to the upper lower low in PA, step 2
3. It will draw the middle line shown in the image, step 3
4. Double click on the bottom line so that it shows dotted spots for editting.
5. Now press hold "Ctrl" button on the keyboard and drag the bottom line to the middle line. Actually it will create the copy of your first channel and you have to put the second channels bottom line on top of the first channels middle line.
6. The second channels top line will be above the middle line (you must have 3 line on your PA). If the editted spots are not showing on top line double click on it to show them and vice versa.
7. Drag the top line to join the higher high's and higher higher high's in the PA, resulting in the 3rd top line, Step 4
And this is how I got the channel drawn.

I would request the top members Bizzzle, direwolf, Big EMM and others I didn't mentioned to look at this and comment if it is not right or If I missed anything.

Regards
  • #31,969
  • Mar 9, 2014 5:16am Mar 9, 2014 5:16am
Drawn another one for EJ H4, just copied the way Bizzzle did his on EJ

Attached Image (click to enlarge)
Click to Enlarge Name: EJ H4 Channel drawn.png Size: 170 KB


Regards
  • #31,970
  • Mar 9, 2014 5:49am Mar 9, 2014 5:49am
Quoting MrAussieFX
{image} Steps Followed in Drawing the channel 1. Pick the equidistance channel from the tools, Step 1 2. Find the Lower lows in the PA and point the equidistance channel and drag it to the upper lower low in PA, step 2 3. It will draw the middle line shown in the image, step 3 4. Double click on the bottom line so that it shows dotted spots for editting. 5. Now press hold "Ctrl" button on the keyboard and drag the bottom line to the middle line. Actually it will create the copy of your first channel and you have to put the second channels bottom...
Here's my version of EA channeling technique off the 4H chart, hope we are going in the correct direction, on the video Scott mentioned that we have to do it minimum 300 in up trend and in down trend , thats 600 total as minimum
Attached Image (click to enlarge)
Click to Enlarge Name: EA_H4_Channel.jpg Size: 402 KB
I Have Learned to Take Some Losses to Make Profits
  • #31,971
  • Mar 9, 2014 6:04am Mar 9, 2014 6:04am
Quoting MrAussieFX
Drawn another one for EJ H4, just copied the way Bizzzle did his on EJ {image} Regards
All very good but it isn't TMS. The top (TMS) traders trades would all have worked regardless of the channels.

My own personal opinion would be see conversation focus on TMS core tools namely interpreting the TDI and PA (using Average price or HA candles). If you took a successful trade because PA bounced or broke through a channel, then great but that isn't TMS.

I've been watching a lot of Dean Malones videos (he has done so many!) and there is a lot more to TDI, though Big E's concept was red crossing green and the angle of the 'hook' in order to 'keep it simple.'

Not linking to the vids as its essentially commercial content but there is some very interesting stuff there on support/resistance and more complex stategies involving the TDI etc..especially on days when TMS 'conditions' are not met.
  • #31,972
  • Mar 9, 2014 6:29am Mar 9, 2014 6:29am
Oh the 300 is the pip count? I thought he was mentioning we need to do this 300 times to become good lol... I gotta go back and rewatch.

I drew mine on Daily chart and it ends up every similar to yours when switching to H4. Missing the center line maybe.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-09_1826_EA_H4.png Size: 46 KB
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #31,973
  • Mar 9, 2014 6:37am Mar 9, 2014 6:37am
Quoting hostwey
{quote} All very good but it isn't TMS. The top (TMS) traders trades would all have worked regardless of the channels. My own personal opinion would be see conversation focus on TMS core tools namely interpreting the TDI and PA (using Average price or HA candles). If you took a successful trade because PA bounced or broke through a channel, then great but that isn't TMS. I've been watching a lot of Dean Malones videos (he has done so many!) and there is a lot more to TDI, though Big E's concept was red crossing green and the angle of the 'hook'...
Hostwey - look at it this way... channel is just another form of support/resistance. Same as trend lines, MA, round numbers and etc.

Besides, Big E said it himself that you need to take the "basics" into consideration before you pull the trigger. Support and resistance is one of those basics.

While we all have our own spins and our own tools, they're all the same in the end.

Attached Image (click to enlarge)
Click to Enlarge Name: bigE_basic.png Size: 57 KB
Everything you can imagine, is real - Pablo Picasso
  • #31,974
  • Mar 9, 2014 6:44am Mar 9, 2014 6:44am
Hi,
Does anybody know how to make Synergy bar on Android phone?
I will be very much appreciate ,If anybody can teach us.
Thanking in advance.
AllHappy
  • #31,975
  • Mar 9, 2014 9:27am Mar 9, 2014 9:27am
Quoting Direwolf
Thanks Brizzle. I have very similar channel drew on daiy (purple) I also couldn't stop myself from seeing the blue channel. Will see how it turn out on Monday. {image}
Hi Direwolf,can u guide me to know how this standart deviation works,thank's
happy trading
  • #31,976
  • Mar 9, 2014 9:33am Mar 9, 2014 9:33am
Quoting allhappy
Hi, Does anybody know how to make Synergy bar on Android phone? I will be very much appreciate ,If anybody can teach us. Thanking in advance. AllHappy
u can download from FBI website..i know they have it..

u can contact the pentagon system by email
  • #31,977
  • Mar 9, 2014 11:38am Mar 9, 2014 11:38am
Quoting brandy711
{quote} Hi Direwolf,can u guide me to know how this standart deviation works,thank's happy trading
I actually use Equidistant channel. The middle lines I use trend line and eye ball them.
Everything you can imagine, is real - Pablo Picasso
  • #31,978
  • Mar 9, 2014 12:11pm Mar 9, 2014 12:11pm
Quoting MrAussieFX
{image} Steps Followed in Drawing the channel 1. Pick the equidistance channel from the tools, Step 1 2. Find the Lower lows in the PA and point the equidistance channel and drag it to the upper lower low in PA, step 2 3. It will draw the middle line shown in the image, step 3 4. Double click on the bottom line so that it shows dotted spots for editting. 5. Now press hold "Ctrl" button on the keyboard and drag the bottom line to the middle line. Actually it will create the copy of your first channel and you have to put the second channels bottom...
Thanks Aussie.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 26 KB
  • #31,979
  • Mar 9, 2014 3:29pm Mar 9, 2014 3:29pm
Quoting emmanuel7788
{quote} {image} Fx94: Now you learn to spot certain candlestick patterns to see market condition and know when to stand aside when trading the 4H. Then we wait patiently for the next A+++ setup for the next next market move. I think, the best thing to do now is to update our Big Picture Planning over the weekend and prepare for next week. Your chart is getting cleaner, clearer and free from clutter. Have a Good Weekend. EMMANUEL
Hello emmanuel,

Thank you very much for your answer. I am working hard at my trading behaviour, so i want to become better. I will do now my big picture planning for the next week.

Can you give me perhaps a link to a website with a summary of the candle stick patterns we should learn here. I know you posted here a thing like this, but i canīt find it ;(

Thank you very much.

Best regards,

Fx94
  • #31,980
  • Mar 9, 2014 4:27pm Mar 9, 2014 4:27pm
Quoting Fx94
{quote} Hello emmanuel, Thank you very much for your answer. I am working hard at my trading behaviour, so i want to become better. I will do now my big picture planning for the next week. Can you give me perhaps a link to a website with a summary of the candle stick patterns we should learn here. I know you posted here a thing like this, but i canīt find it ;( Thank you very much. Best regards, Fx94
Hi Fx94 if you click on the paper clip at the top of this page then click on Name and select page 9 you will find what you are looking for .... There is a host of pdf and other Information to keep you going for your Trading Journey , ENJOY
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