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Trading Made Simple

  • #33,461
  • Mar 22, 2014 12:18am Mar 22, 2014 12:18am
Quoting emmanuel7788
{quote} why are you in the tunnel? you can't get lost in any tunnel, can you? there are two exits, both opens to some light, so we all stay positive and be optimistic. you won't get to the light unless you do the work and move towards that. {image}
Come tomorrow, I'll wake up new
  • #33,462
  • Mar 22, 2014 12:20am Mar 22, 2014 12:20am
Quoting Direwolf
{quote} Congratulation as3! {quote} You will get there Dehyah. Your path will not be a lonely one.
Thank you very much.
With God all things are possible.
  • #33,463
  • Mar 22, 2014 12:31am Mar 22, 2014 12:31am
Quoting emmanuel7788
{quote} why are you in the tunnel? you can't get lost in any tunnel, can you? there are two exits, both opens to some light, so we all stay positive and be optimistic. you won't get to the light unless you do the work and move towards that. {image}
Thanks for those encouraging words.
With God all things are possible.
  • #33,464
  • Edited 3:30am Mar 22, 2014 3:11am | Edited 3:30am
I hope that one day I'll get there. Until then I stay patient and gotta work hard. As, welcome to this board. Big thx to the people here, I've learnt a lot so far!
  • #33,465
  • Mar 22, 2014 4:53am Mar 22, 2014 4:53am
Emmanuel or somebody

What was the name given for a large candle like this that shadows smaller ones?

I know it is some posts, but......

Gil
Attached Image
  • #33,466
  • Mar 22, 2014 6:49am Mar 22, 2014 6:49am
Quoting camron
I hope that one day I'll get there. Until then I stay patient and gotta work hard. As, welcome to this board. Big thx to the people here, I've learnt a lot so far!
Hi Camron,

I know you. You are on the right track and will see the light soon.
Keep on going, remain optimistic.
Turning back is not an option.

Regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,467
  • Mar 22, 2014 6:55am Mar 22, 2014 6:55am
Quoting GilR
Emmanuel or somebody What was the name given for a large candle like this that shadows smaller ones? I know it is some posts, but...... Gil{image}
GilR,

That is known as a Wide Range Bar WRB.
Market usually consolidates after a WRB.
When the following 3 bars after that WRB remains trapped (engulfed) within the high - low of this WRB, we have a Master Candle MC which we trade the breakout.

The first bar after the WRB is always an Inside Bar. Learn inside bar trading. Your chart show a Double Inside Bar DIB

see Big E post#701 below.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 701 learn and read candles.png Size: 170 KB


regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,468
  • Mar 22, 2014 6:56am Mar 22, 2014 6:56am
as33156,
Please see the chart and let us know your views. ++
Attached Image (click to enlarge)
Click to Enlarge Name: Big E query -1.JPG Size: 201 KB
  • #33,469
  • Mar 22, 2014 6:58am Mar 22, 2014 6:58am
Quoting emmanuel7788
{quote} GilR, That is known as a Wide Range Bar WRB. Market usually consolidates after a WRB. When the following 3 bars after that WRB remains trapped (engulfed) within the high - low of this WRB, we have a Master Candle MC which we trade the breakout. see Big E post#701 below. {image} regards, EMMANUEL
Thank you --Master Candle
  • #33,470
  • Mar 22, 2014 7:13am Mar 22, 2014 7:13am
Quoting Libra
{quote} Hi thinkpad and Emmanuel, Kindly find attached scripts. Is this what you guys are looking for? Hope it helps {file} {file}

Thanks Libra.
Interesting codes I can use.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,471
  • Mar 22, 2014 7:17am Mar 22, 2014 7:17am
Quoting ababias
as33156, Please see the chart and let us know your views. ++ {image}

Big E's training chart:

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 731 on small candles.png Size: 152 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,472
  • Edited 8:23am Mar 22, 2014 7:47am | Edited 8:23am
Quoting ababias
as33156, Please see the chart and let us know your views. ++ {image}

Hi Ababias,

I don't know what pair that chart is for because you are missing the information on it but I assume its the EA 4hr. If my assumptions are correct then here is a chart showing my analysis. Also I don't use that yellow 5MA. Following my rules you see that there were no trades for EA this week. No worries though because there was tons of action on the other pairs. Thats why we analyze so many charts so that we may take only A++++ trades. The difference between how I trade TMS is in the fact that I don't like to enter trades on an active confirmation TDI Cross candle which TMS rules actually wants us to do.

I also prefer to use these MA's instead of the single 5 MA you are using. I like use these two because it allows me to easily see choppy pairs because if PACs stays in between the two 5ma's that means that the pair is in consolidation, sideways, or ranging. This allows me to avoid potential bad trades and move on to other pairs that maybe more lucrative.

5 Smoothed High
5 Smoothed Low

Attached Image (click to enlarge)
Click to Enlarge Name: euraudh4.png Size: 63 KB
MAY THE PIPS BE WITH YOU!
  • #33,473
  • Edited 8:11am Mar 22, 2014 7:55am | Edited 8:11am
Quoting emmanuel7788
{quote} as33156, You are our livewire in this thread. I LIKE make me smile.... being a disciple of Big E. His Legacy lives on. Your achievement comes from your own diligent work, studying and learning very fast. Your seven years of market trading experience is that strong foundation which you have and many here yet do not have the strong foundation. Managing the trader's psychology plays a very important part in the success equation and you have that in your own equation. Others need to look into this aspect of becoming a successful...

Thanks for the kind words Emmanuel. I totally agree with everything you have said. Psychology indeed plays a very important role and I hope members of this thread are developing this mental edge needed to be consistently in the profit at the end of every week. Onward & Upward!
MAY THE PIPS BE WITH YOU!
  • #33,474
  • Mar 22, 2014 9:16am Mar 22, 2014 9:16am
Quoting emmanuel7788
Something you may want to spend some time and work on while you start to do your weekly top down analysis and plan for next week 13. {image}
hi emm, can you please point me some of your posts where you explain your big picture planning
1. Are there any S&R levels on monthly charts that come from lower T.F?
2. What are those small dots on the candles?
3. Why some levels are with different colours?


(i checked historical data and i agree with you that things are not the same now as they were back in 2009-2012, i think this can be easily be seen for example on the euro/dollar monthly chart, candles after 08.2012 are much smaller)

thank you, cmk
  • #33,475
  • Edited 10:04am Mar 22, 2014 9:42am | Edited 10:04am
Quoting ababias
as33156, Please see the chart and let us know your views. ++ {image}
The way I see it.

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-22_2134.png Size: 696 KB


1. The 2 highest bars left long wicks to the up side. Those are pull back bars and are reversal signal by themselves. So once price broke the green line I would enter short right away. I would be watching the round number 1.5400 on the way down which in this case price was able to break through.

2. Price retrace and made multiple attempts to break 1.5400. It failed. The candle I marked with red arrow once against left a long wick through 1.5400 before coming back down and close bearish. That is the signal to go short for me.

Now, 1 and 2 already gave you Lower High and Lower Low. So at 3 and 4 I would be watching like a hawk to enter short.

3, I would exit at the 5th red candle since price clearly couldn't break 1.52400. Not to mention candle color change.

4, again price tested 1.52400 multiple times. But it never bounce upwards so there would be no reason to exit this trade.
Everything you can imagine, is real - Pablo Picasso
  • #33,476
  • Mar 22, 2014 10:10am Mar 22, 2014 10:10am
Quoting Direwolf
{quote} The way I see it. {image} 1. The 2 highest bars left long wicks to the up side. Those are pull back bars and are reversal signal by themselves. So once price broke the green line I would enter short right away. I would be watching the round number 1.5400 on the way down which in this case price was able to break through. 2. Price retrace and made multiple attempts to break 1.5400. It failed. The candle I marked with red arrow once against left a long wick through 1.5400 before coming back down and close bearish. That is the signal to go...

Very nice Direwolf! You would have made pips off of a chart I would have not traded. With this forum there are a million ways to skin a cat!
MAY THE PIPS BE WITH YOU!
  • #33,477
  • Mar 22, 2014 10:21am Mar 22, 2014 10:21am
Quoting emmanuel7788
{quote} Big E's training chart: {image}
I agree, but those flat EMA's and flat green TDI lines appear always after the cross, meaning a trader is already in.... So I assume that if those lines later become flat, you should exit asap?
  • #33,478
  • Mar 22, 2014 10:39am Mar 22, 2014 10:39am
Quoting Dehyah
Since a certain person ,which will be nameless, came on the scene the thread has become a beehive of activities.It is certainly hard to keep up with the thread because the page count moves very fast.Anyway,I am taking note and applying what I've learned on my demo account.The light is finally appearing at the end of the tunnel.
I agree 100%. It's hard to read up on this thread because it's moving so fast and information and knowledge is shared in such a very friendly manner. I hope it's gonna be alive for many years to come. Reading all those postings, I have learned so much. A big thanks to all the contributors for sharing their experience. They give me confidence at times a feel like I will never succeed in trading. But now I believe there is light somewhere, even after my 10 years of not making a dime with trading. I refuse to lay those candles to rest and will continue until I am successful. Again, a big thanks to all.

hve a nice one,
BT
  • #33,479
  • Edited 10:56am Mar 22, 2014 10:45am | Edited 10:56am
Quoting as33156
Hi SledHead, Make sure that you have the ask for confirmation boxes unchecked in cave-manager E and in your platform options. Best of Luck Hi gsbaharaj, I guess I trade a blend between Big E & Emmanuel's style. I prefer to wait till candles close as a confirmation before I enter a trade. I don't enter trades on the 3rd bar. My broker is -5 GMT. I check my trades every 4hours. Set & Forget! Hi Nidolap, I trade every single market (4hr Candle) using the TMS method. Welcome to the Party! {image} {image} {image} {image}
LOL that image made my day
  • #33,480
  • Mar 22, 2014 11:29am Mar 22, 2014 11:29am
Three more trades this week on EA H1. Wednesdays London session trade was a BE trade. The other two trades made a nice profit. I closed them both because it was Friday. Next week will tell if price really will reach the center channel line.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014.3.21 ea h1 3 days.png Size: 62 KB
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