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Trading Made Simple

  • #38,121
  • Edited 11:40pm Jun 5, 2014 11:25pm | Edited 11:40pm
Quoting adikashyap
Dear Seniors, Why are there Horizontal lines on the candles? Why are they few times on the left of the candle and few times on the right side? Few times, they are facing each other dead straight on the face ... What are they trying to convey? Thanks in advance .... {image}

Adikashyap,

As nave has said, the bar tags are the opening and closing price of the bar in that respective time frame. You are looking at a daily chart. Therefore the candles have had a full 24 hours to open and close. If the tags are level / opposite each other then the price closed on the previous day and then opened at the same price the next day. If the tags are not level, then it is said that the price has "gapped" either up or down. This will happen say from a Friday close to a Monday open. Or when there is a holiday like at Christmas time etc.
Disclaimer :- I have now doubt that I will be corrected and have my post removed to the sin bin, so I hope you get to read it before it disssssaaappppears

Edit:-
Adikashyap,

may I recommend a visit to "Babypips.com" you will find it very interesting and educational.


Mark up
Make sure that the light at the end of the tunnel is not an on coming train
  • #38,122
  • Jun 5, 2014 11:43pm Jun 5, 2014 11:43pm
Quoting adikashyap
{quote} Thanks. But if that is the case, should there be not two horizontal lines, 1 for open and 1 for close? And few candles do not have horizontal line at all ... In this chart itself, there are about 5 candles without horizontal lines ... And why are they on left few times and on right few times? And is there any importance whenever they face each other? I'm using HA candles only after I started this thread ... I want to understand the importance of smallest thing possible ... I'm trading Live and want to be as knowledgeable as possible ......
The chart is actually a bar chart with HA, if you set the chart properties to "chart on foreground"you should get a better look on the lines.
  • #38,123
  • Jun 6, 2014 12:28am Jun 6, 2014 12:28am
Quoting dforant1
{quote} This unfortunately happens in most Forums. Unless the owner or moderators are firm with rules. Been expecting this slide in content. More irrelevancy will doom it. Save what is relevant to Eefranz concept and hope for the best. A lot of traders have profited by Eefranz method and awoken some other similar methods he gave credit to.
There are other places now that are pure TMS and anything other than TMS is not welcome or tolerated. Google is your friend if you want to trade pure TMS and no, that doesn't mean trading every cross blindly as some would have you believe.
Per Ardua Ad Astra - Through Adversity To The Stars
  • #38,124
  • Jun 6, 2014 1:05am Jun 6, 2014 1:05am
Quoting adikashyap
Dear Seniors, What do the Red dots on yellow candles and white dots on Blue candles mean? What is the relevance with regards to PA? Could not find any answers in Google ... Thanks in advance .... {image}
I may not be 100% correct but it seems its a HA candles indicator overlapped with the the original color of your candles. See the explanation below.
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@EMM thanks for your reply and suggestions.

I have closed my GA H1 trade with 5 pips in profit as it was going nowhere when pulled back strongly due to some G7 and other non relevant news and strong support at 1.80000 zone.

Regards
  • #38,125
  • Jun 6, 2014 2:51am Jun 6, 2014 2:51am
Is anyone trading D charts. For me it became impossible in so choppy market. pairs are moving 20 - 30 pips in one direction and then reverse another 20 - 30 pips and staying in the same place.
Is there anyone who face the same or it is just me????

All comments will be much appreciated.
  • #38,126
  • Jun 6, 2014 3:05am Jun 6, 2014 3:05am
eurnzd -25... stop too tight, would have been a winner other wise. Should have placed it above that double top a few candles back.
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euraud is doing better, +20 at the moment.
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Quoting alex8585
Is anyone trading D charts. For me it became impossible in so choppy market. pairs are moving 20 - 30 pips in one direction and then reverse another 20 - 30 pips and staying in the same place. Is there anyone who face the same or it is just me???? All comments will be much appreciated.
There has always been a month or 2 per year that the chart would become godawful to trade on Daily, and last month (May) happen to be that month. To me, May has always been worse than New Year's.
Everything you can imagine, is real - Pablo Picasso
  • #38,127
  • Jun 6, 2014 3:07am Jun 6, 2014 3:07am
Quoting Mark up
{quote} I am sorry, I really don't know what came over me.
100 lashes, minimum! Either that or your posts just might get deleted . It's quite amazing what happens when you tread on dodgy toes and these dodgy types get defensive, your posts just go poof in to thin air. Dodgy types don't like being questioned. There again when they do get questioned they, just for good measure, start to post a few losers otherwise a few experienced people start to work out they must be multimillionaires with the pips they're making. I'm sure there are plenty of multimillionaire traders that have the time and inclination to spend 18 hours a day posting BS on FF whilst making a killing. Oh to have that talent!
Per Ardua Ad Astra - Through Adversity To The Stars
  • #38,128
  • Jun 6, 2014 3:15am Jun 6, 2014 3:15am
@flipper - I dunno, watching H1 charts gives me plenty of time to visit tons of forum... even more so if I trade H4 I suppose.
Everything you can imagine, is real - Pablo Picasso
  • #38,129
  • Jun 6, 2014 3:17am Jun 6, 2014 3:17am
Quoting Direwolf
@flipper - I dunno, watching H1 charts gives me plenty of time to visit tons of forum... even more so if I trade H4 I suppose.
H4, maybe, H1 best of luck!
Per Ardua Ad Astra - Through Adversity To The Stars
  • #38,130
  • Jun 6, 2014 3:32am Jun 6, 2014 3:32am
Quoting Flipper58
{quote} H4, maybe, H1 best of luck!
Well TMS doesn't take that long to skim through once per hour.

EURAUD +30, moved stop to BE.
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Everything you can imagine, is real - Pablo Picasso
  • #38,131
  • Jun 6, 2014 3:46am Jun 6, 2014 3:46am
Quoting Direwolf
eurnzd -25... stop too tight, would have been a winner other wise. Should have placed it above that double top a few candles back. {image} euraud is doing better, +20 at the moment. {image} {quote} There has always been a month or 2 per year that the chart would become godawful to trade on Daily, and last month (May) happen to be that month. To me, May has always been worse than New Year's.
Direwolf,

What was that old adage the floor traders would say, "stay away in May"

Cheers

Mark up
Make sure that the light at the end of the tunnel is not an on coming train
  • #38,132
  • Jun 6, 2014 4:26am Jun 6, 2014 4:26am
60 pips .using TMS , with M15 entry for fine tune , that's real good for me ,

can anyone help me , when I switch off[/attach]
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my computer I seem to lose all my SR lines that have taken quite a while to put on .
any help much appreciated
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  • #38,133
  • Jun 6, 2014 4:26am Jun 6, 2014 4:26am
Quoting Direwolf
{quote} Well TMS doesn't take that long to skim through once per hour. EURAUD +30, moved stop to BE. {image}
Legend
Per Ardua Ad Astra - Through Adversity To The Stars
  • #38,134
  • Jun 6, 2014 4:35am Jun 6, 2014 4:35am
Quoting robuk
60 pips .using TMS , with M15 entry for fine tune , that's real good for me , can anyone help me , when I switch off[/attach]{image} my computer I seem to lose all my SR lines that have taken quite a while to put on . any help much appreciated {image} {image}
I've never had that problem, but when you draw the s/r lines, save it as a template, then if you do lose them, its quite a simple thing to add that template to a chart.
  • #38,135
  • Jun 6, 2014 4:44am Jun 6, 2014 4:44am
Quoting lastingwell
{quote} I've never had that problem, but when you draw the s/r lines, save it as a template, then if you do lose them, its quite a simple thing to add that template to a chart.
Thanks very much , i'll try that ,I hope you have Good Trades today

ROB
  • #38,136
  • Jun 6, 2014 4:56am Jun 6, 2014 4:56am
Quoting robuk
{quote} Thanks very much , i'll try that ,I hope you have Good Trades today ROB
Thank you Not trading till after NFP though, be careful everyone.
  • #38,137
  • Jun 6, 2014 5:17am Jun 6, 2014 5:17am
Yep - same here !! quitting while I'm ahead , cos it don't happen too often
Quoting lastingwell
{quote} Thank you Not trading till after NFP though, be careful everyone.
  • #38,138
  • Jun 6, 2014 5:19am Jun 6, 2014 5:19am
EU +29, EJ +16

Was a little late to the party. H1 TDI crosses happened in Asian. Was looking at H4 for entry at LO. Better earlier entry with dotted green line but after such a strong move up yesterday, very hesitant to enter counter-trend. Shallow TDI cross and flattending plus NFP => exited for small profit. EA had stronger move - missed that.
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  • #38,139
  • Jun 6, 2014 5:25am Jun 6, 2014 5:25am
Quoting mact4
EU +29, EJ +16
nice!
Everything you can imagine, is real - Pablo Picasso
  • #38,140
  • Jun 6, 2014 5:27am Jun 6, 2014 5:27am
Heading out to dinner, won't be around to monitor during NFP. So I decided to close my position for now.

EURAUD +42 pips. Furthest it went was 47

May the pips be with us.
Attached Image
Everything you can imagine, is real - Pablo Picasso
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