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Trading Made Simple

  • #42,041
  • Oct 9, 2014 10:43pm Oct 9, 2014 10:43pm
I am learning about ABCD patterns. Am I getting this one right, please comment and leave your feedback.

GBPAUD H1

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD ABCD.png Size: 338 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD ABCD PATTERN.png Size: 307 KB


Kindest Regards
  • #42,042
  • Oct 9, 2014 11:31pm Oct 9, 2014 11:31pm
I had to go out just after I took this trade, but saw that the h1 tdi was bouncing up and h4 was almost crossed, daily had even moved up so I went to m15 to see if I could find an entry. Bit late on the candle but only a few pips, but left it with a 50 pip trail and 100 pip take profit which it hit overnight while I was asleep.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURAUDM15(2).png Size: 44 KB
  • #42,043
  • Oct 9, 2014 11:41pm Oct 9, 2014 11:41pm
Quoting MrAussieFX
I am learning about ABCD patterns. Am I getting this one right, please comment and leave your feedback. GBPAUD H1 {image} {image} Kindest Regards
Look this chart , and see if that clear the concept, ABCD is one of the best thing I have learnt about in trading, works magic, and not an easy approach to master, simple yeah but takes a lot of time to see which one will work
Attached Image (click to enlarge)
Click to Enlarge Name: ABCD.jpg Size: 386 KB
I Have Learned to Take Some Losses to Make Profits
  • #42,044
  • Oct 9, 2014 11:58pm Oct 9, 2014 11:58pm
Quoting TheScorpS
{quote} Look this chart , and see if that clear the concept, ABCD is one of the best thing I have learnt about in trading, works magic, and not an easy approach to master, simple yeah but takes a lot of time to see which one will work {image}
Appreciate it TheScorps, This is the best basic lesson I've learnt on ABCD not to mention the vitality of this concept. I would love to learn more about ABCD, mind sharing more tips or recommend any charts, posts etc.

Kindest Regards
  • #42,045
  • Oct 9, 2014 11:58pm Oct 9, 2014 11:58pm
Quoting TheScorpS
{quote} Look this chart , and see if that clear the concept, ABCD is one of the best thing I have learnt about in trading, works magic, and not an easy approach to master, simple yeah but takes a lot of time to see which one will work {image}
The CD leg starts where ever the last red candles reverse and start back up.
Attached Image (click to enlarge)
Click to Enlarge Name: ABCD.jpg Size: 381 KB
  • #42,046
  • Edited 12:11am Oct 10, 2014 12:01am | Edited 12:11am
Quoting Phx62
{quote} The CD leg starts where ever the last red candles reverse and start back up. {image}
Thats an information that comes only from experience and years of seeing the market, I totally am new to this Sir, thanks for adding that to my knowledge

So before London opens, am gonna concentrate on back testing this alone information just to understand it and set it to my trading plan
I Have Learned to Take Some Losses to Make Profits
  • #42,047
  • Oct 10, 2014 12:11am Oct 10, 2014 12:11am
Quoting Phx62
{quote} The CD leg starts where ever the last red candles reverse and start back up. {image}
Yes, yes, yes.... that's how it is seen because we trade TMS 5-Method.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,048
  • Oct 10, 2014 12:15am Oct 10, 2014 12:15am
Quoting zhangshuo
{quote} hi, Emmanuel: I was curious what your suggestion is for LFN, can you sent me that PM as well? THX.

Hi Shuo,

Only question related to trading TMS 5-Method will be replied via post here. Anything else not related to TMS, I reply using PM only.
If you trade with TMS and have any questions, post your charts/question here and let other members help you.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,049
  • Oct 10, 2014 12:22am Oct 10, 2014 12:22am
Quoting TheScorpS
{quote} Look this chart , and see if that clear the concept, ABCD is one of the best thing I have learnt about in trading, works magic, and not an easy approach to master, simple yeah but takes a lot of time to see which one will work {image}

Now for some chart practice using your GBPAUD charts.
Look at D chart, what do you see?
If you see a Pop Gun ( an Inside Bar then an Outside Bar), do you kow how to trade this in H1 chart?
If you see only an Outside Bar, you know how to trade that.
Have Plan A ready.
But when that Plan A fails, be ready with Plan B.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,050
  • Oct 10, 2014 12:24am Oct 10, 2014 12:24am
Quoting MrAussieFX
{quote} Appreciate it TheScorps, This is the best basic lesson I've learnt on ABCD not to mention the vitality of this concept. I would love to learn more about ABCD, mind sharing more tips or recommend any charts, posts etc. Kindest Regards
All you need in here, just the read the first 100 pages and last 50 as well

http://www.forexfactory.com/showthread.php?t=402253

The thread is becoming less active at the moment, but the information there are golden that is rare to find
I Have Learned to Take Some Losses to Make Profits
  • #42,051
  • Oct 10, 2014 12:31am Oct 10, 2014 12:31am
Quoting emmanuel7788
{quote} Now for some chart practice using your GBPAUD charts. Look at D chart, what do you see? If you see a Pop Gun ( an Inside Bar then an Outside Bar), do you kow how to trade this in H1 chart? If you see only an Outside Bar, you know how to trade that. Have Plan A ready. But when that Plan A fails, be ready with Plan B.
To be honest with you am just starting to learn how to trade the pop gun and the outside bar, but what I have is that if an outside bar is followed by divergence , then I can take the break of the last bar long or short, MBL on the second hand has to be in above 50 line for long and below 50 line for short, this is what I have at the moment

On daily I have seen the pop gun you mentioned but have no idea how to trade that, is the entry to be confirmed when PA on the daily breaks above the outside bar high and on H1 the break of B point in the ABCD formation ?
I Have Learned to Take Some Losses to Make Profits
  • #42,052
  • Oct 10, 2014 12:38am Oct 10, 2014 12:38am
EURJPY 10 Oct H1 trading:

Now on H1 chart, do we have Tokyo Channel drawn ready?
http://www.forexfactory.com/showthre...31#post3302731

Looking at previous Days, today it can go in either direction in sideways market type. Just like what happended yesterday.
Previous W was bearish so I am sell bias
Previous D also bearish so bias is sell, but sitting on near term support.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY 10 Oct H1 pre-LO.png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,053
  • Oct 10, 2014 12:48am Oct 10, 2014 12:48am
Quoting emmanuel7788
{quote} Hi Manoj, Ok, I will take a look at your post link. regards,
Thank you very much Sir.
  • #42,054
  • Edited 1:04am Oct 10, 2014 12:51am | Edited 1:04am
Quoting TheScorpS
{quote} To be honest with you am just starting to learn how to trade the pop gun and the outside bar, but what I have is that if an outside bar is followed by divergence , then I can take the break of the last bar long or short, MBL on the second hand has to be in above 50 line for long and below 50 line for short, this is what I have at the moment On daily I have seen the pop gun you mentioned but have no idea how to trade that, is the entry to be confirmed when PA on the daily breaks above the outside bar high and on H1 the break of B point in...
PoP Gun is just a name given to a 3 bars candlesticks pattern - it is an Inside Bar, then followed with an Outside Bar. The Outside Bar must have its high and low which his higher and lower than the mother bar of the Inside Bar before it.
What that shows is makret contracts then expand again. This is usually signify a potential change in direction or an end to an establihsed trend.
GBPAUD show a pop gun in the D chart retracement, perhaps this shallow retracement is ending.
If we assume this, then we should be looking for buy setups.
However, if this continues downwards breaking the last Outside Bar low, we sell on a sell setup.

Since you are studying Eliiot Wave, read up on Jeffrey Kennedy's material where he explains this Pop Gun trading method.
For me I use the Pop Gun just to alert me to market condition seen on chart and I look for swing trades using TMS 5-Method. Saves me a lot of time looking at many charts.

edit:
here is a link to EWI.
http://www.elliottwave.com/freeupdat...#axzz3FicZNzfA
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,055
  • Oct 10, 2014 1:03am Oct 10, 2014 1:03am
EURNZD and GBPNZD D charts:

Earlier this month I made a post on these two pairs.
After several days since begining of this month, these two kiwi cousins are still sideways so we did not have any 4H swing trades. We see the Master Candle still there and its High and Low.
The range is wide enough for small trades using H1. But we are still waiting for the breakout. It will happen, we just don't know when and which direction.

Patience needed... still Waiting time.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,056
  • Oct 10, 2014 1:30am Oct 10, 2014 1:30am
Quoting LFN
{quote} Which of the indies with TDI cross arrows did you test? I have tried several of the alerting indicators like TMS watchdog/TMS Monitor/TDI Alerts v2/TDI Alerts Advanced/SynergyProTradeAlert. They give very different alerts when running them at the same time I am looking for an alert for buys only when green cross red above yellow MBL, and the opposite for sells. Anyone knows if there is any indicator that can be setup like this? Also it would be nice to be alerted to bounces as well as see slope values.
its the xTDI-arrow v01
Daniel
  • #42,057
  • Oct 10, 2014 1:39am Oct 10, 2014 1:39am
Quoting emmanuel7788
{quote} PoP Gun is just a name given to a 3 bars candlesticks pattern - it is an Inside Bar, then followed with an Outside Bar. The Outside Bar must have its high and low which his higher and lower than the mother bar of the Inside Bar before it. What that shows is makret contracts then expand again. This is usually signify a potential change in direction or an end to an establihsed trend. GBPAUD show a pop gun in the D chart retracement, perhaps this shallow retracement is ending. If we assume this, then we should be looking for buy setups. However,...
Thanks will read that
I Have Learned to Take Some Losses to Make Profits
  • #42,058
  • Oct 10, 2014 2:13am Oct 10, 2014 2:13am
Quoting emmanuel7788
{quote} PoP Gun is just a name given to a 3 bars candlesticks pattern - it is an Inside Bar, then followed with an Outside Bar. The Outside Bar must have its high and low which his higher and lower than the mother bar of the Inside Bar before it. What that shows is makret contracts then expand again. This is usually signify a potential change in direction or an end to an establihsed trend. GBPAUD show a pop gun in the D chart retracement, perhaps this shallow retracement is ending. If we assume this, then we should be looking for buy setups. However,...
Hi guys
I also use the pop gun
its very very handy and works alot.
X-man the legendary conqueror of markets
  • #42,059
  • Oct 10, 2014 2:24am Oct 10, 2014 2:24am
Quoting TheScorpS
{quote} All you need in here, just the read the first 100 pages and last 50 as well http://www.forexfactory.com/showthread.php?t=402253 The thread is becoming less active at the moment, but the information there are golden that is rare to find
I agree on this
Theres very important and golden information in this thread.
Take the time to not only read the posts but to study it.
Its all free here
X-man the legendary conqueror of markets
  • #42,060
  • Oct 10, 2014 2:55am Oct 10, 2014 2:55am
I am trying to set up TDI on my ipad MT4, I am good with the green and red lines MA's on the RSI, but cant find how to add the mbl yellow line. Can anyone please advise. Thanks
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