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Trading Made Simple

  • #68,521
  • Apr 20, 2016 6:31am Apr 20, 2016 6:31am
Quoting lyeo
The reading materials from this thread,.. I think I do not need to go to the library for the next 20 years . Thank you for all the contribution,.. I am still reading thru the pages..

I have not been to one since 1980...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,522
  • Apr 20, 2016 6:35am Apr 20, 2016 6:35am
Quoting emmanuel7788
True or False ? {image} A Newbie once said: "A reversal starts in the low timeframe"... I think every trader knows that. You will find the source of the river upstream.
true
  • #68,523
  • Apr 20, 2016 6:47am Apr 20, 2016 6:47am
my long on the a/u on the 1 hour tf..Hope it's ok to post my chart
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the cautious seldom err....C
  • #68,524
  • Apr 20, 2016 6:54am Apr 20, 2016 6:54am
it tired.have a rest.then climb up again
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  • #68,525
  • Edited 9:00am Apr 20, 2016 8:44am | Edited 9:00am
Quoting TheRock
Whats the difference between WRB and Darvas box?
Greetings TheRock:

"A Darvas box is basically an area of consolidation. For whatever reason, the market has decided the price should neither advance nor decline appreciably, but rather idle sideways." An imaginary box is created around this area of consolidation.

Nicolas Darvas Book
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  • #68,526
  • Edited Apr 21, 2016 12:24am Apr 20, 2016 1:20pm | Edited Apr 21, 2016 12:24am
Win some, lose some.

GN, H4, short, -191 pips. I need to understand that cutting losses is the best thing to do sometimes. I should have exited on the blue APB with the cross to the upside, which was also a BUEB. It was a clear sign to get out, and my loss would have been of only 82 pips. Besides, the TDI was kind of doing the serpent thing when I entered, so it probably was not a good idea to enter in the first place. But the previous D1 was bearish, we had a close under the W1 WRB, so I assumed the down move had started and it had to continue, but it did not work out as per my assumption, unfortunately.
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AJ, H4, long, +162 pips. My BPP bias ranging, with the last W1 candle bullish (IB), so I saw the popgun, but the TDI was not crossed. It did cross when the second APB closed, and that's when I entered. Almost identical to my NJ trade, because these pairs are strongly correlated.
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The good thing is that although the loss on GN was bigger than the win on AJ in terms of pips, I am still a winner in terms of dollars, because the loss on GN was less than half of the win on AJ when looking at profit. But if I repeat the same mistake, the next time I might not be so lucky.
EDIT: I have just realized that I am a little over BE with these two trades combined, and not big winner in terms of dollars, because my AJ trade had bigger lot size than GN. I just wanted to correct my statement.
  • #68,527
  • Apr 20, 2016 2:23pm Apr 20, 2016 2:23pm
Quoting emmanuel7788
{quote} See attached pdf. Why I long AU? Why do most moving average cross trade signals will caused (not cost) many traders to lose money? Look at the pdf page 2 - Day chart. Do you want to know how to trade MA cross system with TMS 5-Method? If you want to use this 'ancient' MA cross trading system with TMS 5-Method, please post with reply with YES! edit grammar {image}
Dear emm, what is the source of below image? Could you please help about how can we get this graph?
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  • #68,528
  • Apr 20, 2016 3:27pm Apr 20, 2016 3:27pm
GU, H4, long. My target was a little over 190 pips. I got stopped out on +50 pips by moving the SL under the swing.
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  • #68,529
  • Apr 20, 2016 4:00pm Apr 20, 2016 4:00pm
Quoting catalin_eros
GU, H4, long. My target was a little over 190 pips. I got stopped out on +50 pips by moving the SL under the swing. {image}
hello buddy,
I really admire the way to trade,
but i would like to know the reason of you buying at that zone, i want to better understand the market,

Regards,
EF
Motivation is what gets you started. Habit is what keeps you going
  • #68,530
  • Apr 20, 2016 4:22pm Apr 20, 2016 4:22pm
Quoting MoneyTalks58
{quote} Dear emm, what is the source of below image? Could you please help about how can we get this graph? {image}
http://www.cmegroup.com/tools-inform...raders-fx.html
  • #68,531
  • Apr 20, 2016 5:55pm Apr 20, 2016 5:55pm
Quoting catalin_eros
Win some, lose some. GN, H4, short, -191 pips. I need to understand that cutting losses is the best thing to do sometimes. I should have exited on the blue APB with the cross to the upside, which was also a BUEB. It was a clear sign to get out, and my loss would have been of only 82 pips. Besides, the TDI was kind of doing the serpent thing when I entered, so it probably was not a good idea to enter in the first place. But the previous D1 was bearish, we had a close under the W1 WRB, so I assumed the down move had started and it had to continue,...

If you had learned Darvas Box theory, you wouldn't have taken the GN trade.

On your AJ chart, you will see the power of this Darvas Box theory in trending market type.

The Darvas Box theory has been used by EOD traders for more than 50 years. I use that since mid-1980s trading the stock market. I see the Darvas Box theroy also work in forex charts when I trade H4 and D1 charts.

We all need to think out of the limits of TMS 'box' and get o the road to better trading.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,532
  • Apr 20, 2016 5:59pm Apr 20, 2016 5:59pm
Quoting efestus
{quote} hello buddy, I really admire the way to trade, but i would like to know the reason of you buying at that zone, i want to better understand the market, Regards, EF
Hey there!

Well, let's take a look at all the timeframes higher than H4, shall we?
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As you can see on monthly, the last two months made an IB in the downtrend (so I was expecting a pause from the down move), and at the same time a BUEB (the green candle's body engulfing the body of the red one). As you can see, the green one is very bullish, so we know we want to be on the buyers' side.
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Switching on to weekly, we can see that we have been within a mother candle for the past 5 weeks, this one included, so we are trading within the high and low of it (green lines).
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Moving on to daily, we can see that price was moving away from the lower green line of the W1 mother bar, and we can see that the price made a BUOB (the two bars marked with red - the first bar is entirely within the high and low of the second bar), so we know we want to buy on the next day. On the second bar of the BUOB, the TDI gave a beautiful bounce trade, so we could have entered on the close of the D1 candle. The angle was very steep, but because the chart I posted is maxed zoomed in, it doesn't look that steep. But it is, if we zoom out twice.
Attached Image (click to enlarge)
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On the zoomed in H4 chart, we can see price was making HHs/HLs and that I entered on the close of candle 2, so the opening of candle 3, which was actually the opening of the next day candle. The signal on TDI on H4 came on the close of candle 1, which was 4 hours before the close of the D1 candle. I usually jump in in these situations, since HTFs supported the bulls, and since the D1 candle was already very bullish and chances were very slim that it could become a bearish D1 candle in the last 4 hours of the day. But somehow I did not jump in, I waited for the next candle, which was a doji (candle 2). So I entered at the same price as the close of candle 1, thanks to the doji. I then closed the PC and went to bed, knowing that everything was screaming to buy.

P.S.: the blue APB before the one I numbered as 1 is not counted, because it is what Dean refers to as "little man". Zooming out the chart twice would reveal how tiny that APB really is.

I hope it was not confusing. Many green pips to you!
  • #68,533
  • Apr 20, 2016 6:05pm Apr 20, 2016 6:05pm
Quoting emmanuel7788
{quote} If you had learned Darvas Box theory, you wouldn't have taken the GN trade. On your AJ chart, you will see the power of this Darvas Box theory in trending market type. The Darvas Box theory has been used by EOD traders for more than 50 years. I use that since mid-1980s trading the stock market. I see the Darvas Box theroy also work in forex charts when I trade H4 and D1 charts. We all need to think out of the limits of TMS 'box' and get o the road to better trading. {image}
As I already said in my post, I know it was not a very good entry. But I am not sure that the box is really my style...
  • #68,534
  • Apr 20, 2016 6:12pm Apr 20, 2016 6:12pm
Quoting catalin_eros
{quote} As I already said in my post, I know it was not a very good entry. But I am not sure that the box is really my style...

the Darvas Box is a very simple tool that shows us where the most recent support and resistance are when the market fails to make lower low or higher high, then we watch for consolidation.

TMS traders must learn to see when the market is in or near a consolidation (Post#647).
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,535
  • Apr 20, 2016 6:19pm Apr 20, 2016 6:19pm
Quoting TibetSun
{quote} Greetings TheRock: "A Darvas box is basically an area of consolidation. For whatever reason, the market has decided the price should neither advance nor decline appreciably, but rather idle sideways." An imaginary box is created around this area of consolidation. Nicolas...
@TibetSun,
Thanks for that book.

That book can be very infectious for Newbies who come to the market and think they can make lots of money before they even learn how the market actually work.
A Newbie once made a very bold business plan - he wanted to turn S$5K into one million in 4 years. That was 4 years ago and obviously he did not make it.

Take your time and learn as much as you can.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,536
  • Apr 20, 2016 6:27pm Apr 20, 2016 6:27pm
An example using Darvas Box High-Low;

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Know it, learn it, and train your eyes to see it. And you will have another arsenal to your trading armoury and look for the best trade setups.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,537
  • Apr 20, 2016 7:35pm Apr 20, 2016 7:35pm
When I changed the width in my synergy APB on changing TF it revert back to its original size. Anyone having a better candle that does do otherwise kindly share?
Thanks,

Regards,
EF
Motivation is what gets you started. Habit is what keeps you going
  • #68,538
  • Apr 20, 2016 7:40pm Apr 20, 2016 7:40pm
EURUSD Week 16 April 20 trade idea conclusion.

I posted that trade idea yesterday, and here is what we learn and why it good to have a Plan A and a Plan B.

Attached Image (click to enlarge)
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True or False:

All Master Candle[3] MC[3] are also are Darvas Box High-Low, but not all, Darvas Box High-Low are MC[3]? True or False?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,539
  • Apr 20, 2016 7:45pm Apr 20, 2016 7:45pm
Quoting efestus
When I changed the width in my synergy APB on changing TF it revert back to its original size. Anyone having a better candle that does do otherwise kindly share? Thanks, Regards, EF

2 years ago I solved this ...

http://www.forexfactory.com/showthre...03#post7184503


but if you read this thread regularly, the best is yet to some.... when my coding buddies complete their testing this week.
new versions for MT4 build 950 will come soon.....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,540
  • Edited 9:06pm Apr 20, 2016 8:48pm | Edited 9:06pm
Quoting emmanuel7788
{quote} @TibetSun, Thanks for that book. That book can be very infectious for Newbies who come to the market and think they can make lots of money before they even learn how the market actually work. A Newbie once made a very bold business plan - he wanted to turn S$5K into one million in 4 years. That was 4 years ago and obviously he did not make it. Take your time and learn as much as you can.
@emmanuel7788
You are most welcome

This book is a wonderful read, about a simple man who happened to be a dancer, that was smittened by the market bug. He would stop at nothing to be successful in the market, in a time of no internet, no instant information at his disposal. All he had, was passion for the journey he set himself on.
You are absolutely correct, this book does not contain the answer to instant riches, just a inspiring one mans journey there.

I must also say to you Mr. Emmanuel, thank you for sharing your knowledge with anyone who seeks. I look forward to learning from you and other experienced traders here!

Regards
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