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Trading Made Simple

  • #62,801
  • Nov 9, 2015 8:49am Nov 9, 2015 8:49am
Quoting catalin_eros
{quote} Hello, SJ! Since I am not native English speaker, I have trouble understanding the "re position" term in forex vocabulary. Do you mean adding more entries, the way Big Emm does?
Catalin,

Re position means to make any adjustments. Re adjust stop loss,
liquidate a trade, enter a trade. Look at things...on the 4 hour candle
change & go hmmm!

I think your doing great! I like your posts & thought process!
sj
  • #62,802
  • Nov 9, 2015 8:54am Nov 9, 2015 8:54am
Quoting snarlyjack3
{quote} Catalin, Re position means to make any adjustments. Re adjust stop loss, liquidate a trade, enter a trade. Look at things...on the 4 hour candle change & go hmmm! I think your doing great! I like your posts & thought process! sj
Thanks for the explanations, SJ! And for the encouragement!
  • #62,803
  • Nov 9, 2015 8:56am Nov 9, 2015 8:56am
Quoting emmanuel7788
{quote} SJ Excellent example where the Price Action is leading the TDI indicator.
Good morning Emmanuel!
Thank you.
I love apb pin bars! They give me warm fuzzes...

By the by...Their is snow in the air here in Montana,
winter is coming. You must be entering late spring early summer.
I hope you enjoy your summer!!!

Also, I think your a excellent Tms teacher! Teaching is very hard,
explaining trading to newer traders is very hard! I think your
doing great
Thank you for all your effort & all your time!!!
sj
  • #62,804
  • Nov 9, 2015 9:11am Nov 9, 2015 9:11am
Quoting snarlyjack3
{quote} Good morning Emmanuel! Thank you. I love apb pin bars! They give me warm fuzzes... By the by...Their is snow in the air here in Montana, winter is coming. You must be entering late spring early summer. I hope you enjoy your summer!!! Also, I think your a excellent Tms teacher! Teaching is very hard, explaining trading to newer traders is very hard! I think your doing great Thank you for all your effort & all your time!!! sj

Good morning SJ.
I love warmer weather when I can sit outside and look up to the dark skies. The beauty of the stars can only be seen in darkness but in daylight they are still up there and their beauty remains.

At my age 61, I have plenty of patience with all different people. Trading is very hard for new traders because they are always attracted to indicators, the more colourful ones the greater the attraction. To convince them take more time. They want to see results to believe.
Guess what, I trade better while I am active in this thread. it pay to help others.

You have a great day ahead while I have to get back in bed.

Good night from DownUnder.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,805
  • Nov 9, 2015 9:15am Nov 9, 2015 9:15am
Quoting catalin_eros
{quote} I disagree. Morning star pattern indicates bullishness. You confuse it with the evening star pattern. That is bearish. EDIT: I think you meant to say it is a reversal pattern. That's true. But if we combine the three candles forming the pattern, we get a hammer or dragonfly doji. That translates into a lot of buying pressure, which is very good since we are already in an uptrend. Let me know what you think. I know you are a very good trader.
yes, the evening star is a bottom reversal pattern and will normally work out in a downtrend. I had traded both the morning star/evening star patterns with a lot of success but I pay attention to where they are formed. I am glad you know 3 or even 4 bars candle formation but I would like to know how you would trade when you get a hammer when price is moving up
the cautious seldom err....C
  • #62,806
  • Nov 9, 2015 9:17am Nov 9, 2015 9:17am
Here is what is new in the USA.

Currently the Dow is down -155 points.

But what is really new is the Presidential election cycle
is in full swing. That's always interesting! Imho, their
are a lot of very concerned voters out their that are pretty
frustrated with how the world is going. It's going to be
a very interesting election cycle
sj
  • #62,807
  • Nov 9, 2015 9:17am Nov 9, 2015 9:17am
Quoting catalin_eros
{quote} {quote} Hello, Pips29! Hello, Tibovwh! If today's candle closes bullish, with big body and small upper wick, we have more reasons to buy, because we'll be having a morning star pattern.

Hey Pips29, tibovwh and catalin,

Good discussion on GJ.
I stand aside on this pair now.
The Day candles are all small for many days but there is rising channel.
tibovwh is right about that Weekly WRB high is up there. And the weaker JPY seen now may move GJ up.
So any big move will be above that WRB high. Meantime, better to take smaller trades in lower TF H4 and H1.

Trade safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,808
  • Nov 9, 2015 9:19am Nov 9, 2015 9:19am
Quoting pips29
{quote} yes, the evening star is a bottom reversal pattern and will normally work out in a downtrend. I had traded both the morning star/evening star patterns with a lot of success but I pay attention to where they are formed. I am glad you know 3 or even 4 bars candle formation but I would like to know how you would trade when you get a hammer when price is moving up
I know the rules say it is a sell opportunity. But I would go to a LTF and if the buy signal is there, I would take it. I did some good trades this way. Not all of them worked out, of course. I am paying attention to the pressure. Who is doing the pressure:bulls or bears? Anyway, that's how I do it, and if it works for me, I have no reasons to change it.
  • #62,809
  • Nov 9, 2015 9:23am Nov 9, 2015 9:23am
Quoting emmanuel7788
{quote} Hey Pips29, tibovwh and catalin, Good discussion on GJ. I stand aside on this pair now. The Day candles are all small for many days but there is rising channel. tibovwh is right about that Weekly WRB high is up there. And the weaker JPY seen now may move GJ up. So any big move will be above that WRB high. Meantime, better to take smaller trades in lower TF H4 and H1. Trade safe.
Hi, Big Emm!

Thank you for the info!
  • #62,810
  • Nov 9, 2015 9:24am Nov 9, 2015 9:24am
Dear Emm, SJ, TSS, Omonisha and all others ... who are making regular profits ... using this PA and TDI system / Strategy ....
As a TRIBUTE to Grand PooPaw (Big E) ... As a Thanks giving ... As a favor return ...
CAN WE TAKE THIS THREAD FORWARD ... CAN WE MAKE IT MORE SIMPLE ... CAN WE ALL CONTRIBUTE SOMETHING MORE MEANINGFUL?
CAN WE POST OUR TRADES AS AND WHEN WE TAKE IT ... ALONG WITH THE RULES? THIS SHOULD HELP ALL NEWBIES ...
Posting real time ... with rules .. make it more meaningful than TP hit charts ....
As rules have changed ... Market has changed and evolved ....
I will personally do it ....
Over my next 100 trades ....
Will post charts ... As and when I take trade/s ... along with my rules .. for those trades ....
Winning / Losing does not matter ... It is the Rules ... It is the simplicity .....
Wishing Green pips and Greener pastures .........
  • #62,811
  • Nov 9, 2015 9:27am Nov 9, 2015 9:27am
Quoting pips29
{quote} I am glad you know 3 or even 4 bars candle formation
I do not recall offending you in any way. I just explained the logic behind my madness. This is how I see it. I have been trading for 3 years, so I think I know a little more than 3 or 4 candlestick patterns. I am new to TMS, that's true. But I do not like being offended, even if you are a very good trader.
  • #62,812
  • Nov 9, 2015 9:33am Nov 9, 2015 9:33am
Quoting adikashyap
Dear Emm, SJ, TSS, Omonisha and all others ... who are making regular profits ... using this PA and TDI system / Strategy .... As a TRIBUTE to Grand PooPaw (Big E) ... As a Thanks giving ... As a favor return ... CAN WE TAKE THIS THREAD FORWARD ... CAN WE MAKE IT MORE SIMPLE ... CAN WE ALL CONTRIBUTE SOMETHING MORE MEANINGFUL? CAN WE POST OUR TRADES AS AND WHEN WE TAKE IT ... ALONG WITH THE RULES? THIS SHOULD HELP ALL NEWBIES ... Posting real time ... with rules .. make it more meaningful than TP hit charts .... As rules have changed ... Market...
Adikashyap,

I understand what you are saying.

Their are two problems that I can see off the top of my head.
It exposes us to how many contracts we are trading & the amount
of our bet. Also, then we have people trading our trades. It kinda turns
into a signal service. Then you always have the fact that some trades work out
& some don't. I would have to think about your suggestion! But my initial
thought is, it's probably not a good idea...
sj
  • #62,813
  • Nov 9, 2015 9:44am Nov 9, 2015 9:44am
Quoting adikashyap
Dear Emm, SJ, TSS, Omonisha and all others ... when I take trade/s ... along with my rules .. for those trades .... Winning / Losing does not matter ... It is the Rules ... It is the simplicity ..... Wishing Green pips and Greener pastures .........
Hi Ad! Yeah seems to me a brilliant idea. Winning/losing doesn't matter, yeah it's right. When we win, we learn, likewise, when we loss we learn. It is this "learning" what matters, and the best way for new traders is to learn from the senior traders, the A+++ setups, wining trades, losing trades... yeah that's a great idea, BigE did that, he was a great man.
Regards,
Winners Never Quit, Quitters Never Win
  • #62,814
  • Nov 9, 2015 9:48am Nov 9, 2015 9:48am
Hi SJ,

is this the ADR u talking about? What do you thin i shld remove to make a cleaner chart?
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  • #62,815
  • Nov 9, 2015 9:50am Nov 9, 2015 9:50am
Quoting snarlyjack3
{quote} Adikashyap, I understand what you are saying. Their are two problems that I can see off the top of my head. It exposes us to how many contracts we are trading & the amount of our bet. Also, then we have people trading our trades. It kinda turns into a signal service. Then you always have the fact that some trades work out & some don't. I would have to think about your suggestion! But my initial thought is, it's probably not a good idea... sj
Why not just do a screen capture editing out personal information and post it after the trade has finished. That way, we can all learn (whether a win or a loss) and it stops the 'signal service' problem.

Just my tuppence worth.
  • #62,816
  • Nov 9, 2015 9:51am Nov 9, 2015 9:51am
Quoting adikashyap
Dear Emm, SJ, TSS, Omonisha and all others ... who are making regular profits ... using this PA and TDI system / Strategy .... As a TRIBUTE to Grand PooPaw (Big E) ... As a Thanks giving ... As a favor return ... CAN WE TAKE THIS THREAD FORWARD ... CAN WE MAKE IT MORE SIMPLE ... CAN WE ALL CONTRIBUTE SOMETHING MORE MEANINGFUL? CAN WE POST OUR TRADES AS AND WHEN WE TAKE IT ... ALONG WITH THE RULES? THIS SHOULD HELP ALL NEWBIES ... Posting real time ... with rules .. make it more meaningful than TP hit charts .... As rules have changed ... Market...
Hello Adikashyap, I do understand your intentions are good but i have to disagree. It's not a good idea, as some might take this as a trade signal service and trade with out the proper trading knowledge and money management skill, which will cause a negative effect on their learning process, traders that still have a greedy mentality, we all know that some time price wont go as plan and it hit harder for the unprepared.
  • #62,817
  • Nov 9, 2015 9:51am Nov 9, 2015 9:51am
Quoting snarlyjack3
{quote} Adikashyap, I understand what you are saying. Their are two problems that I can see off the top of my head. It exposes us to how many contracts we are trading & the amount of our bet. Also, then we have people trading our trades. It kinda turns into a signal service. Then you always have the fact that some trades work out & some don't. I would have to think about your suggestion! But my initial thought is, it's probably not a good idea... sj
Dear SJ,
We can always hide ... Our lot size ... contracts ... TP / SL etc ...
We are not signal providers by any stretch of imagination ....
This is the reason ... I SAID ... Every chart will have reasons for each trade .... Rules for entry ... Rules for exit ...
Winning trades / losing trades ... Both will teach something ....
FOR THOSE WHO WANT TO LEARN ...
Please understand ... I'm not talking about winning trades / profit % ...
But Rules for each Entry ....
  • #62,818
  • Nov 9, 2015 9:52am Nov 9, 2015 9:52am
Ok...Here is how my mind works...

Take the usd/jpy chart for example.
See how the Tdi is over bought & rolling over.
See the red apb.
But it's way above the pac.

My thinking is: I would watch this pair & let it settle
back down...Then position my mind for a long trade!
It's called being a contrarian trader (things are not
always as they seem). So let's watch this pair &
see what happens! I bet it ends up going long.
(But it's not ready yet...don't trade long yet).
Just watch it!
sj
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  • #62,819
  • Nov 9, 2015 9:55am Nov 9, 2015 9:55am
Quoting catalin_eros
{quote} I do not recall offending you in any way. I just explained the logic behind my madness. This is how I see it. I have been trading for 3 years, so I think I know a little more than 3 or 4 candlestick patterns. I am new to TMS, that's true. But I do not like being offended, even if you are a very good trader.
why are you offended when I mention 3 or 4 bar formation pattern..emmanuel has reminded us so many times a H4 candle consist of 4 H1 candles and that if you just look at H1 candle without looking at what it forms on H4 we will get ourself in trouble...I was just referring to what you said about it forming a hammer with a 3 bar formation and you get offended...I was not even offended when you told me I got mixed up with the evening star..
the cautious seldom err....C
  • #62,820
  • Nov 9, 2015 10:00am Nov 9, 2015 10:00am
Quoting Moonie
{quote} Why not just do a screen capture editing out personal information and post it after the trade has finished. That way, we can all learn (whether a win or a loss) and it stops the 'signal service' problem. Just my tuppence worth.
Trading ... at the end of the day is about The Psyche of an Individual trader ....
And The Psyche comes into picture ... Real Time ... not posthumous ...
The Greed / The fear / The TP / The SL / etc are all real time ....
The entry and exit rules are ... REAL TIME ....
The tension ... The mental equilibrium ... The happiness .. The fear are REAL TIME ...
and This is what I want to expose all newbies into ...
Of being a Trader in REAL TIME ............
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Mirel85