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Trading Made Simple

  • #63,201
  • Nov 13, 2015 10:31pm Nov 13, 2015 10:31pm
Quoting snarlyjack3
{quote} Josh11, Nice meeting you! Good news! After posting on Forex Factory for 8 years...I have never done anything wrong! Forex Factory computer system has messed up my password & Twee is in the process of getting it fixed. Forex Factory is aware of their computer problem, which has nothing to do with me! If you want to check me out go to : snarlyjack Thanks... sj
Hi SJ hope the issue resolved soon, good luck
I Have Learned to Take Some Losses to Make Profits
  • #63,203
  • Nov 14, 2015 2:15am Nov 14, 2015 2:15am
Quoting emmanuel7788
{quote} If you buy next week on Monday, where will you place your initial Stop Loss. Anyone has a suggestion? {image}
Hello, Big Emm!

Two candles back would be the SL, under the low of the APB.
  • #63,204
  • Nov 14, 2015 2:20am Nov 14, 2015 2:20am
GBPUSD- We have our tools here is the price
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Sad i'm not trying to understand PA
  • #63,205
  • Nov 14, 2015 2:23am Nov 14, 2015 2:23am
Hey Good people, My BN levels indicator is not showing well in the Daily Chart. Which is the best settings I should use.
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  • #63,206
  • Nov 14, 2015 2:25am Nov 14, 2015 2:25am
Quoting lastingwell
{quote}The regular synergy apb has in a strong uptrend, a wick at the top with no wick at all at the bottom, in a strong down trend - a wick at the bottom with no wick at all at the top. So if you are looking at the trend continuing you would need to see the wicks, at the top in an uptrend and at the bottom in a downtrend. If you start to see uncertainty or chance of reversal, you will see wicks top and bottom.
Hello, LastingWell!

Thanks for the reply and the confirmation!

So I suppose a clear answer would be that for an uptrend, we need not just a wick on the upside (with no wick below), but also a decent sized body. A small body with wick is not such a strong sign. I hope I am correct in my statement. If not, feel free to comment.

I wish you a wonderful weekend!
  • #63,207
  • Nov 14, 2015 4:22am Nov 14, 2015 4:22am
Quoting catalin_eros
{quote} Hello, Big Emm! Two candles back would be the SL, under the low of the APB.

I would also say 2-Candle lookback rule as this is somewhat breakout of MC.

But we could also build position with ME. S/L below previous swing low which is also the 2 week low?

I think for a buy trade here, we should ask ourselves, where is our SL & TP? And what is the R/R for this trade?

Good weekend all,
  • #63,208
  • Nov 14, 2015 4:37am Nov 14, 2015 4:37am
Quoting catalin_eros
{quote} Hello, LastingWell! Thanks for the reply and the confirmation! So I suppose a clear answer would be that for an uptrend, we need not just a wick on the upside (with no wick below), but also a decent sized body. A small body with wick is not such a strong sign. I hope I am correct in my statement. If not, feel free to comment. I wish you a wonderful weekend!
Yes, a decent sized body and large wick on the one side denotes a strong trend, a large body with small wick on one side is not such a strong candle but not a reversal sign either, (you will very often but not always find those on inside bars (japanese candles) a wick on both ends of a small body is a sign direction may be changing. Bear in mind though I use the older synergy apb not synergy pro apb and they changed a few things with that one. I think its all thats needed when taking price action into account.

Have a wonderful weekend yourself
  • #63,209
  • Nov 14, 2015 4:43am Nov 14, 2015 4:43am
Quoting pete.alfa
{quote} Hi Lookleft, I know everyone trade differently so which one I should follow 200ema or 10ema or 89ema as I'm new to TMS system and still learning. Next week I will go live so at least the ema could help me to pick the direction. Thank you. Big Emma said http://www.forexfactory.com/showthre...21#post8573621 my suggestion is look at D1 chart and where the 10EMA is. if D1 closed above the 10EMA, take buy trades only in H1. if D1 closed ebelow its 10EMA, take sell trades only in H1. always observe the...
Hi pete,
Like you said, everyone trades differently and uses what they are comfortable with. I've used the ema I posted ever since Dcginc introduced it and the 200ema for as long as I can remember and I've been around since the world was in black and white . I suspect if you do some testing the 10ema/D1 method gives the same results. I like to see the charts which is why my setup has just TDI, APB, 200ema, 89ema, BN Levels, Weekly Open, Daily Open and Yesterday High and Low. Might seem like a lot but apart from the APB the other indis are discrete and give a quick indication of possible S/R zones.
cheers
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,210
  • Nov 14, 2015 5:01am Nov 14, 2015 5:01am
Quoting Lookleft
{quote} Hi pete, Like you said, everyone trades differently and uses what they are comfortable with. I've used the ema I posted ever since Dcginc introduced it and the 200ema for as long as I can remember and I've been around since the world was in black and white . I suspect if you do some testing the 10ema/D1 method gives the same results. I like to see the charts which is why my setup has just TDI, APB, 200ema, 89ema, BN Levels, Weekly Open, Daily Open and Yesterday High and Low. Might seem like a lot but apart from the APB the other indis...
Hello, LL!

May I ask why you only use the opening and not the closing of the weekly? Is it because you are expecting a bounce off of the W1 open?
  • #63,211
  • Nov 14, 2015 5:02am Nov 14, 2015 5:02am
Quoting lastingwell
{quote}Yes, a decent sized body and large wick on the one side denotes a strong trend, a large body with small wick on one side is not such a strong candle but not a reversal sign either, (you will very often but not always find those on inside bars (japanese candles) a wick on both ends of a small body is a sign direction may be changing. Bear in mind though I use the older synergy apb not synergy pro apb and they changed a few things with that one. I think its all thats needed when taking price action into account. Have a wonderful weekend yourself...
Any particular reason for sticking to an older version?
  • #63,212
  • Nov 14, 2015 5:18am Nov 14, 2015 5:18am
who is using the price action channel and having success with it
  • #63,214
  • Nov 14, 2015 5:26am Nov 14, 2015 5:26am
Quoting catalin_eros
{quote} Hello, LL! May I ask why you only use the opening and not the closing of the weekly? Is it because you are expecting a bounce off of the W1 open?
Hi catalin,
I'm sure you have heard the saying 'Trade Away From The DO' when trading H1 as it can act a S/R on some pairs. Well I find that the same is true a lot of the time with WO on H4 trades.
I'm always looking to see what might effect price. We can see where price stops on a chart quite easily but it's not a random point so there must be a reason. BRN/RN and daily and weekly opens are prime areas because most traders are lazy and use the nearest convenient place to place their stops and orders.
If I see a setup forming (pin bar for instance) at a BRN, I'm all over it like a bad rash as more often than not the next stopping point is going to be the next RN (50 pips) or the next BRN (100 pips).
Back test the BRN/RN, DO and WO and you'll see why it is one of the things in my trading armory.
cheers
LL
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,215
  • Nov 14, 2015 5:39am Nov 14, 2015 5:39am
Quoting catalin_eros
{quote} Any particular reason for sticking to an older version?
I just got used to the other and it shows everything I want it to and I'm basically a lazy person
  • #63,216
  • Nov 14, 2015 6:07am Nov 14, 2015 6:07am
Quoting Lookleft
{quote} Hi catalin, I'm sure you have heard the saying 'Trade Away From The DO' when trading H1 as it can act a S/R on some pairs. Well I find that the same is true a lot of the time with WO on H4 trades. I'm always looking to see what might effect price. We can see where price stops on a chart quite easily but it's not a random point so there must be a reason. BRN/RN and daily and weekly opens are prime areas because most traders are lazy and use the nearest convenient place to place their stops and orders. If I see a setup forming (pin bar for...
Thanks! It's good to know.
  • #63,217
  • Nov 14, 2015 6:07am Nov 14, 2015 6:07am
Quoting lastingwell
{quote}I just got used to the other and it shows everything I want it to and I'm basically a lazy person
Got it. Thanks!
  • #63,219
  • Nov 14, 2015 6:52am Nov 14, 2015 6:52am
Quoting snarlyjack3
Hidden
Perhaps if you posted some actual trades of your own, even after the fact it might help some to learn a bit quicker.
  • #63,220
  • Nov 14, 2015 7:07am Nov 14, 2015 7:07am
Quoting lastingwell
{quote}Perhaps if you posted some actual trades of your own, even after the fact it might help some to learn a bit quicker.
Lastingwell,

This is the "cat's meow"...you would love it!

The problem is: I get ton's of e-mail's & comments saying...
"your changing things"...this isn't what BigE taught &
start your own blog!

Which frankly get's very old & tiring.

But, having said that...if you want to make serious money
this is the way...play around with it! You know what to do...
Your a great trader...in all seriousness
sj
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