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Trading Made Simple

  • #68,001
  • Apr 7, 2016 6:41am Apr 7, 2016 6:41am
Something about Wide Range Bar WRB which many traders do not see.
Market remembers where the WRBs were and they attract price movements to fill orders.
I know for many newbies traders, such kind of technical studies may be too advance but these will make a difference between long term success in your trading business and short term profits. You need to find your edge in trading as a business and you wont know when you have it. The answer to you edge is very simple. You wont find the answer here in forums like FF.

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY POMO.png Size: 77 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,002
  • Apr 7, 2016 7:10am Apr 7, 2016 7:10am
Had a nice loss on AU
BEOB was signal to out with small loss, but i hope that price will reverse until the end
Attached Image (click to enlarge)
Click to Enlarge Name: 04.07_AU.png Size: 99 KB
  • #68,003
  • Apr 7, 2016 7:28am Apr 7, 2016 7:28am
hi guys, after a short break and a busy life, im back again, ive noticed now there are tons of tdi versions, which one is best?
i've downloaded the original SYNERGY TDI PRO, however one thing i've noticed, when a cross occurs, it's rare that it's on the second HA candle or first, it seems to be third candle a lot of the times, but other TDI's cross on first or second candle
  • #68,004
  • Apr 7, 2016 8:18am Apr 7, 2016 8:18am
If in H4 chart got a master candle. I switch into H1 to trade the bounce from the high and low with TDI confirmation in H1?
  • #68,005
  • Apr 7, 2016 8:48am Apr 7, 2016 8:48am
Quoting emmanuel7788
{quote} Hi, No worries, I was in dilemma for very long time until I learn how to trade with price action. Read carefully every one of Big E' post and relate what he said on to a chart example. Whenever he mentioned about PA and candle, he was referring to the APB candles. Look at the APB candles, their body size, its upper and lower wick. he mention entry when there is momentum, and place his stop loss above the previous candle high or 2 candle back. When I trade H4 swing, I look at the next higher TF i.e. the D chart - the price action of the Day...
Hey Emm,, Just wondering whether what you have there is an indicator that shows the red and green background for the day behind the 6 corresponding 4H candles. If so where could I get it from?
  • #68,006
  • Apr 7, 2016 9:26am Apr 7, 2016 9:26am
Quoting emmanuel7788
Something about Wide Range Bar WRB which many traders do not see. Market remembers where the WRBs were and they attract price movements to fill orders. I know for many newbies traders, such kind of technical studies may be too advance but these will make a difference between long term success in your trading business and short term profits. You need to find your edge in trading as a business and you wont know when you have it. The answer to you edge is very simple. You wont find the answer here in forums like FF. {image}
Hello Emm,

When you talk about the same level of cross, do you refer to the level price line rsi (green) get to or the actual point of cross??
Thank you
  • #68,007
  • Apr 7, 2016 9:35am Apr 7, 2016 9:35am
Quoting emmanuel7788
{quote} Hi TSS, very good trade! simple clean execution. You have that kind of patience on H1 which I envy. regards,
Thanks Emmanuel , not easy at all , still a long way to achieve perfection so to speak
I Have Learned to Take Some Losses to Make Profits
  • #68,008
  • Apr 7, 2016 2:00pm Apr 7, 2016 2:00pm
Quoting emmanuel7788
Something about Wide Range Bar WRB which many traders do not see.
Why this is bar (on picture) is WRB? Normal size....
  • #68,009
  • Apr 7, 2016 2:11pm Apr 7, 2016 2:11pm
Quoting Migleon
{quote} Why this is bar (on picture) is WRB? Normal size....

that price bar is largest when compared to the previous 3 bars before it.
look at the real price bar not the APB.

Attached Image (click to enlarge)
Click to Enlarge Name: WRB example.png Size: 35 KB


that WRB is very special one, ... secret!
these are gems we must look at when we want to pick the best setups like Big E used to do. he simply call them big candles...

experienced traders knows how to pick out these type of 'candles' and Big E had more than 6,000 hours of experience.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,010
  • Apr 7, 2016 2:17pm Apr 7, 2016 2:17pm
Quoting Tetulla
{quote} Hello Emm, When you talk about the same level of cross, do you refer to the level price line rsi (green) get to or the actual point of cross?? Thank you
Hi,

Yes, look at the PA reversals on the price chart then see the level on the TDI where the TDI Green will cross the Red again.
This is something Big E mentioned few times in his posts. Pay attention to what he wrote in his posts, there are many gems hidden.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,011
  • Apr 7, 2016 2:24pm Apr 7, 2016 2:24pm
Quoting emmanuel7788
{quote} Hi, Yes, look at the PA reversals on the price chart then see the level on the TDI where the TDI Green will cross the Red again. This is something Big E mentioned few times in his posts. Pay attention to what he wrote in his posts, there are many gems hidden. regards,
Thank you, very helpful as always. Just wanted to be clear as you have mentioned it before.


thanks again
  • #68,012
  • Apr 7, 2016 2:24pm Apr 7, 2016 2:24pm
Quoting satjhangra
{quote} Hey Emm,, Just wondering whether what you have there is an indicator that shows the red and green background for the day behind the 6 corresponding 4H candles. If so where could I get it from?

Hi satjhangra,

Here attached... !#_D1 Candle.ex4

I use that to explain how to see the D1 candle when we are in the lower TF charts. When you use the Day Open Line indicator, you can also see the Day candle and it will be less clutter on your trading charts.

The Day open line indicator is in this post link below:
Day Open Line post#43,380

Incidentally my buddies are working on new version of all the TMS trading tools for the latest MT4 build. When completed, I will share with those who need them.

regards,
Attached File(s)
File Type: ex4 !#_D1 Candle.ex4   4 KB | 876 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,013
  • Apr 7, 2016 2:30pm Apr 7, 2016 2:30pm
Quoting emmanuel7788
{quote} that price bar is largest when compared to the previous 3 bars before it.

Yes, I saw... But... the size of the candle is common for a given pair. I see WRB 24/08/2015.
Attached Image (click to enlarge)
Click to Enlarge Name: wrb.jpg Size: 1.4 MB
  • #68,014
  • Apr 7, 2016 2:37pm Apr 7, 2016 2:37pm
Quoting leonlee0116
If in H4 chart got a master candle. I switch into H1 to trade the bounce from the high and low with TDI confirmation in H1?

Hi Leon,

we must not make such general rule without looking at a chart.
We must look at the bigger picture on our chart and look at technical condition why those big candles what I define at Master Candle [3] appear. Usually, there is CONFLUENCE of several support and resistance, there are times these big candles appears after a market session closed on day when there is key data released.
We just use these big candles to see market consolidation and learn how to trade with these big candles.

Other than Master Candles, there are also the Wide Range Bar WRB which can also be Master Candles. But we know that both WRB and MC[3] candles are frequently seen on our charts and in different timeframes. Advanced price action traders know how to look for potential retracement and also the depth of the retracement inside the big candles and look for trade opportunities. These sort of advance PA is rather complex and we should leave this for another forum.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,015
  • Apr 7, 2016 2:39pm Apr 7, 2016 2:39pm
Quoting emmanuel7788
{quote} Incidentally my buddies are working on new version of all the TMS trading tools for the latest MT4 build. When completed, I will share with those who need them. regards, {file}
Emmanuel It will be extremely help for newbies like me to learn from your trading tools.
  • #68,016
  • Apr 7, 2016 2:44pm Apr 7, 2016 2:44pm
Quoting Migleon
{quote} Yes, I saw... But... the size of the candle is common for a given pair. I see WRB 24/08/2015. {image}

yes, you are right. There are extreme big candles in certain pairs and we need to look at that day event which create such extreme big candles.
Look at the Eur pairs, the ECB rates on Mar 10 also created a huge D candle and after that, trading on day chart become difficult for TMS traders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,017
  • Apr 7, 2016 2:48pm Apr 7, 2016 2:48pm
Quoting mazibee
{quote} Emmanuel It will be extremely help for newbies like me to learn from your trading tools.
Hi Mazibee,

if you tell me what tools you need, then I can help provide them.
I have a very large collection in my took box. Some useful, some not so useful for newbies. Tools save a lot of my time. Many of my tools make traders become lazy.... I am a lazy trader.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,018
  • Apr 7, 2016 2:57pm Apr 7, 2016 2:57pm
Emm do you know what has happened to Mr Aussie and the TMS Newbie thread? he has binned the thread.
  • #68,019
  • Apr 7, 2016 3:02pm Apr 7, 2016 3:02pm
Quoting what Big E wrote in his profile:"Biggest goal is to stay out of the 95% that bite the dust! Love to see others win too."

I believe the same therefore I stay away from H1 timeframe and below. And for all those who have day jobs, you don't have to be in that 95% loser group. Trade H4 and D1 charts, you will do great if you are prepared to spend 3 to 5 hours each day to study, learn, practice,... and in 2 to 3 years you will be in good shape and will find your winning edge. I promise you I will be here to help anyone who needs my help. I'll love to see you have your winning edge too.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,020
  • Apr 7, 2016 3:11pm Apr 7, 2016 3:11pm
Quoting emmanuel7788
{quote} that price bar is largest when compared to the previous 3 bars before it. look at the real price bar not the APB. {image} that WRB is very special one, ... secret! these are gems we must look at when we want to pick the best setups like Big E used to do. he simply call them big candles... experienced traders knows how to pick out these type of 'candles' and Big E had more than 6,000 hours of experience.
That candle is the first trading day in 2016 and in the same time it's a breakout of 2015 low
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