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Trading Made Simple

  • #63,261
  • Nov 15, 2015 8:39am Nov 15, 2015 8:39am
Quoting tibovwh
Thanks for the discussion on EMA's and interesting blogpost OuterWest. I gotta say tho that I'm somewhat skeptical. Danger with this type of research is overfitting. I do believe that there is some 'range' of multiples that are good. Just like Multiple Time Frame analysis advocates a 4-1 / 5-1 ratio the calculations of the authors points in that direction. 2 weeks ago, Emmanuel talked extensively about the 10EMA and its importance. I spent some time looking at this and believe this has merit although these values are always arbitrary. It's more...
Tiboywh,

Your right!

The 10 ema, along with 50, 100 & 200 ema was
made popular by Loveevery1 at Another Simple System
15 minute time frame.

Imho, The guppy's are better in that they give you more information &
actionable information.

Over the years people have added the 10 ema, 50,100 & 200 ema to Tms.
sj
  • #63,262
  • Nov 15, 2015 8:41am Nov 15, 2015 8:41am
Hi SJ! I've been reading all your posts with a lot of interest. Have few questions:
1. Few posts back, i was seeing ADR calculator and SDC on your charts, ADR calc and its weekly and daily levels are quite interesting, R u testing it or these are the parts of your trading strategies?
2. Now, you're talking about DOTs and guppy. I know a senior trader like you can trade different strategies/plans at the same time, but will it not be a slight confusing for a novice trader? that's just my opinion.
Thank you for your precious time.
Regards,
Winners Never Quit, Quitters Never Win
  • #63,263
  • Nov 15, 2015 8:44am Nov 15, 2015 8:44am
Hi Big Emm
I was wondering about monthly support and resistance
using line chart or monthly OHLC?? look for levels on both?

Thanks for your help and ongoing support
michael
  • #63,264
  • Nov 15, 2015 8:50am Nov 15, 2015 8:50am
Quoting hsn100
Hi SJ! I've been reading all your posts with a lot of interest. Have few questions: 1. Few posts back, i was seeing ADR calculator and SDC on your charts, ADR calc and its weekly and daily levels are quite interesting, R u testing it or these are the parts of your trading strategies? 2. Now, you're talking about DOTs and guppy. I know a senior trader like you can trade different strategies/plans at the same time, but will it not be a slight confusing for a novice trader? that's just my opinion. Thank you for your precious time. Regards,
Hsn100,

I'm trying very hard not to confuse anyone!
So don't get confused...this is easy stuff.

Imho, the market goes from one level to another!
The adr (average daily range, Sdc (standard deviation channel), & Dots
are all different levels. Along with Big round numbers, pivots, fib numbers, etc.

What we want to do as traders is not put to many different levels on our charts
but to use the best overall level.

Dot's is excellent for it's levels. If I had to pick 1 to specialize with, it would be Dots.
sj
  • #63,265
  • Nov 15, 2015 8:54am Nov 15, 2015 8:54am
Quoting snarlyjack3
{quote} Hsn100, I'm trying very .......it would be Dots. sj
That's what i'm looking for, i mean i wanted to know your opinion about that. Thnx a lot
Regards,
Winners Never Quit, Quitters Never Win
  • #63,266
  • Nov 15, 2015 8:54am Nov 15, 2015 8:54am
Quoting michael69
Hi Big Emm I was wondering about monthly support and resistance using line chart or monthly OHLC?? look for levels on both? Thanks for your help and ongoing support michael
Hi Michael,
Nice meeting you!

Imho, The monthly s/r lines are to far out.
If your trading the daily chart...you want to look at weekly s/r.
I mostly just look at the daily s/r & weekly s/r at most.
But what I really do is look at the Dots levels.
sj
  • #63,267
  • Nov 15, 2015 8:57am Nov 15, 2015 8:57am
Quoting hsn100
{quote} That's what i'm looking for, i mean i wanted to know your opinion about that. Thnx a lot Regards,
Hsn,

Good...I'm glad I could help you!
That one thing will save you years of frustrations...
sj
  • #63,268
  • Nov 15, 2015 9:04am Nov 15, 2015 9:04am
Quoting snarlyjack3
Hidden
Picture number 2 is not quite TMS by eelfranz, he didn't use the PAC in fact gave up the ma altogether after a while but still left it on his charts and he didn't use a real-time tdi he used the tdi that only updates on the close of the bar.
  • #63,269
  • Nov 15, 2015 9:10am Nov 15, 2015 9:10am
Quoting lastingwell
{quote}Picture number 2 is not quite TMS by eelfranz, he didn't use the PAC in fact gave up the ma altogether after a while but still left it on his charts and he didn't use a real-time tdi he used the tdi that only updates on the close of the bar.
Good morning Lastingwell,
(my Sunday morning)

I agree...you are 100% correct!
sj
  • #63,270
  • Nov 15, 2015 9:30am Nov 15, 2015 9:30am
Let's look at a chart/picture, the aud/usd, 1 hour.
(I can't see the picture so this is off of my memory).

Do you see the long term guppy's & dot's levels & apb's.

The dot level is getting very close to the sell level. But
the long term guppy's (trend) is right below it. I have a
option I can sell into the guppy's or I can wait & see if it
turns up. I would wait & see if it turns up. I really don't like
trading into the long term guppy's. I would consider that a
high risk trade. I like to put the odd's in my favor.

So in this case I would not put on a trade & I would watch it.
Trading is all about probabilities & putting the odds in your favor!
That is what this system is all about...putting the odds in your favor!
sj
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 41 KB
  • #63,271
  • Nov 15, 2015 9:42am Nov 15, 2015 9:42am
This whole system is designed to put the odds in your favor!
Forex is unpredictable! Their are no guarantees. The best we can
do is try to stack the odds in our favor.

Even using this system...you ALWAYS want to use a stop loss.
News is always coming out, things are happening in the world.
Most things are out of our control! But we have control of our
entry's/exits & stop losses. Everything else is out of our control.
We control what we can & learn to live with the things that are
out of our control! We live in the gray! Trading is not black or white.
sj
  • #63,272
  • Nov 15, 2015 9:44am Nov 15, 2015 9:44am
Quoting snarlyjack3
Let's look at a chart/picture, the aud/usd, 1 hour. (I can't see the picture so this is off of my memory). Do you see the long term guppy's & dot's levels & apb's. The dot level is getting very close to the sell level. But the long term guppy's (trend) is right below it. I have a option I can sell into the guppy's or I can wait & see if it turns up. I would wait & see if it turns up. I really don't like trading into the long term guppy's. I would consider that a high risk trade. I like to put the odd's in my favor. So in this case I would not put...
Hi Sj, Are you using the apb bars on your dots charts? I am not sure if Dean uses them as part of the system? also, do you have the ASR file you can send me please, your help is much appreciated!
  • #63,275
  • Edited Nov 19, 2015 10:22pm Nov 15, 2015 9:58am | Edited Nov 19, 2015 10:22pm
Quoting Scrambleguy
{quote} Hi Sj, Are you using the apb bars on your dots charts? I am not sure if Dean uses them as part of the system? also, do you have the ASR file you can send me please, your help is much appreciated!
Scrambleguy,

Yes I use Average Price Bars with the Pac.

This is my template.
The Guppy #'s are:
short term (ema/close) 5,8,10,12,15
long term (ema/close) 30,35,40,45,50,55,60
I use the pac instead of the short term guppy's (they are the same)!
sj

{ copyrighted attachment deleted by staff }
  • #63,276
  • Nov 15, 2015 10:02am Nov 15, 2015 10:02am
Quoting okoso
Hidden
Okoso,
Nice meeting you & welcome to Tms!
Imho, Dots with the Guppy system is the best of
all his systems.
sj
  • #63,277
  • Nov 15, 2015 10:38am Nov 15, 2015 10:38am
Quoting snarlyjack3
{quote} Scrambleguy, Yes I use Average Price Bars with the Pac. This is my template. The Guppy #'s are: short term (ema/close) 5,8,10,12,15 long term (ema/close) 30,35,40,45,50,55,60 I use the pac instead of the short term guppy's (they are the same)! sj {file} {file} {file} {file}
Sj, thank you. Does the synergy pro apb file you attached include the pac on it? and is the synergy.tpl file attached the asr? Thanks
  • #63,278
  • Nov 15, 2015 10:47am Nov 15, 2015 10:47am
EUR/AUD channel on H4 in a play ground, bullish divergence been forming , eyeing a breakout of the small trend line , if that happens, I might be looking to get on-board of that HL on LTF H1 at London Session

And then following the ABCD pattern on H1, price already rejected with pullback candle , look the green arrows below that bar at 78.6 , good luck TMS for next week
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EA_H4.png Size: 86 KB
Click to Enlarge Name: EA_H1.png Size: 58 KB
I Have Learned to Take Some Losses to Make Profits
  • #63,279
  • Nov 15, 2015 10:51am Nov 15, 2015 10:51am
Quoting TheScorpS
EUR/AUD channel in a play ground, bullish divergence been forming , eyeing a breakout of the small trend line , if that happens, I might be looking to get on-board of that HL on LTF H1 at London Session {image}

You always nail it out .. without any "schnickschnack "
Simple and effective market outlook what could happen the next week / expectations of the coming candles .
Good job
Guido
Risiko birgt immer auch die Chance.
  • #63,280
  • Nov 15, 2015 11:01am Nov 15, 2015 11:01am
Quoting TheScorpS
EUR/AUD channel on H4 in a play ground, bullish divergence been forming , eyeing a breakout of the small trend line , if that happens, I might be looking to get on-board of that HL on LTF H1 at London Session And then following the ABCD pattern on H1, price already rejected with pullback candle , look the green arrows below that bar at 78.6 , good luck TMS for next week {image} {image}

Looks good for a short term buy on 1H.

Thursday candle closed with a long wick bouncing off 1.50 and forming MC of Friday's IB. MC High coincides with channel high.

What is your longer term view? Friday (although an IB) it did close below an area of very small range consolidation and also the weekly closed bearish. So for 4H chart perhaps better to wait for more clues?

Best,
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