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Trading Made Simple

  • #70,621
  • Aug 9, 2016 8:08pm Aug 9, 2016 8:08pm
Quoting blackfriday
{quote} WRB gives us a trading range of approx 180 pips. So I would trade within that range on lower tf or wait for a break of the high of the Mother Bar - but there is BRN 1.3200 and S/R at 1.3218. I am a newbie, so for a "safe" buy I would wait for an open above 1.3200 and momentum. P.S.: I like your small "challenges", even if I miss them....

Yes.No buying unless we see price action setup above 1.3200. That is psych level seen on the monthly chart.

Last Friday's H1 and H4 candles are super wide range bars, price was driven up to a high to fill orders with 'hidden gems' below to fill for sellers to take money off the market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,622
  • Aug 9, 2016 8:17pm Aug 9, 2016 8:17pm
Quoting mousteven
Hello Emmanuel: I think you have been trading GBPNZD for position trading ​. Would you kindly help me with some quesitons. my EA closed all my basket when the price hit TP (HPSL 1.81229). However, by looking at the weekly chart as the dominant trend, it's downtrending but inside a WRB. Despite the TDI is looking good, i think i should be cautious about the price near HPSL and the AWR is almost reach to 60% , I need to observe the price action near the current price zone before I decide to continue SELL again. Is my thinking...

Hi,

Look at MN chart. Do you see 2013 swing level and its low?

The D1 candles are getting smaller now and still good to be selling with ME/ME. No bullish reversal yet since we see 'stronger' AUD and NZD, and despite rates being reduced, GBP crosses (GBPAUD, GBPCAD and GBPNZD) still look bearish.

When I talk about ME/ME Expectancy, I consider the baskets of trades - average entry price, average number of pips gain/loss and the initial SL which I use in the calculation of the lot size.

However, when you ae using the ADR(100) to calculate the ME lot size, you can also simply use the individual ME trades and calculate the win/loss in pips and the ADR(100) as the stop loss of the trades.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,623
  • Aug 9, 2016 8:24pm Aug 9, 2016 8:24pm
Quoting Vicc
Hi all, I have been reading this thread. I really enjoy reading BigE post, so sad he is not with us. USD/MXN almost ready (not yet if you use HA). Your opinion is very welcome! {image}
Hi,

You are planning to buy, right?
Looking at the history seen on your chart, I would wait until I see both the TDI Red Green is above the Yellow and all 3 lines propely lined-up above the TDI 40-level.

USDMXN with USD0.55 per pip.
I think there are other better pairs to trade in the meantime.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,624
  • Aug 9, 2016 8:55pm Aug 9, 2016 8:55pm
Emmanuel, thank you for answering.

Yes, the plan is buying. I agree with you, it is pretty expensive, I was seeing the set up.

I am at the very begining of the thread. Do you follow BigE system? It looks like he was so focussed on the TDI crosses.

I am trading a very small live account. The first week was so great, the second week I gave back half of the profits. This is the third week and I am just scared, small gains and small loses. I am just terrified, I know my problem is fear. I traded before and I didn't do it well just for my fear and an inapropiate money management. This time I want to make it work. I am good at reading charts but I don't know why I have stupid mistakes that make me doubt and panic. Any advise would be appreciated!

Regars,
Vic
  • #70,625
  • Aug 9, 2016 11:44pm Aug 9, 2016 11:44pm
Simple TMS Price Action trading with Wide Range Bar analysis as range, support and resistance.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD week 32 D1 WRB perfect SnR setup.png Size: 58 KB


Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 32 WRB seen in H1.png Size: 90 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,626
  • Aug 10, 2016 1:11am Aug 10, 2016 1:11am
Anyone have APB tape indicator? I have HA tape but they are slightly different. I couldn't find it using web search....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #70,627
  • Aug 10, 2016 2:56am Aug 10, 2016 2:56am
Quoting heispark
Anyone have APB tape indicator? I have HA tape but they are slightly different. I couldn't find it using web search....
Instead of APB Tape, you can use the APB shown in a sub-window as histogram.
This way you can see the actual size of the APB candle body and a moving average of that.

See this old post:
http://www.forexfactory.com/showthre...00#post8013800
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,628
  • Aug 10, 2016 4:14am Aug 10, 2016 4:14am
Quoting emmanuel7788
APB/HA Histogram download: Here are the indicators. Note the HeikenAshi_DM is coded the same as the original APB. The APB_HA_DM Histogram.ex4 requires the HeikenAshi_DM.ex4 to be in the MQL4/Indicators folder. Have fun! I set the APB moving average to 20-day to trade on my Day charts. I look at the price on an average 20-days in relation to its momentum. {image} {file} {file}
Thank you Emmanuel. I already found it from your old posts and considered it but it's still occupy too much screen space. (I am going to attach the tape on multiple small panes in my watchlist.)
As I have mq4 source, I might go to Forex-TSD and ask for help...

Thanks anyway and have a good day.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #70,629
  • Aug 10, 2016 4:23am Aug 10, 2016 4:23am
Quoting heispark
{quote} Thank you Emmanuel. I already found it from your old posts and considered it but it's still occupy too much screen space. (I am going to attach the tape on multiple small panes in my watchlist.) As I have mq4 source, I might go to Forex-TSD and ask for help... Thanks anyway and have a good day.

with the mq4 sourec code, that would be easy to make the change to show the APB. ...just one line code to add.

post in the Platform Tech forum ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,630
  • Aug 10, 2016 7:17am Aug 10, 2016 7:17am
Quoting emmanuel7788
{quote} There is no holy grail system based on the use of fibonacci pivots. Some traders believe in the use of various type of pivot calculations as support and resistance. Some traders believe in the use of fibonacci retracemenets and extension levels as support and resistance. Some traders believe in the of harmonics pattern analysis, for example there will be price reversal zones when there are certain harminics patterns. Some traders believe in the use of bollinger bands extremes, for example price trend outside the bollinger bands will reverse....
I do not take pivots in seclusion or without checking everything else such as PA and the TDI I could not just take a trade because it has hit a pivot. I use the pivots as a springboard for taking a trade based on the other things I see.
Success means going from failure to failure without loss of enthusiasm
  • #70,631
  • Aug 10, 2016 11:52am Aug 10, 2016 11:52am
Quoting emmanuel7788
{quote} that depends on whether you trade intraday H1, swing trading H4 or position trading D1. most traders who trade H1 are happy with R:R 1:1 with single entry / single exit. do they really make money over a long term ... 3 to 5 years?
Quoting kain775
{quote} I am still learning tms, but i will mostly trade risk reward 1:1.5 I tried 1:1 ....and it wasn't really working out for me.
Thanks I always try to aim for more than 1:1 So I guess I'm on the right track
  • #70,632
  • Aug 10, 2016 11:56am Aug 10, 2016 11:56am
Can someone please tell me whether I have spotted the divergence properly

The price has made a higher low and TDI has made a lower low (Hidden Divergence). So the up trend is likely to continue?

Thanks in advance
Attached Image (click to enlarge)
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  • #70,633
  • Aug 10, 2016 12:55pm Aug 10, 2016 12:55pm
For exemple on nzd usd, with differents brokers time, not same configuration pattern @H4 @D1
Here bearish engulfing + preparation crossing with right angle
Nothing on the next graphics! Because not even the time zone ....
So in h4 and d1 .... I find complex

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD 1.jpg - Visionneuse de photos Windows.jpg Size: 116 KB

Attached Image (click to enlarge)
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  • #70,634
  • Aug 10, 2016 1:00pm Aug 10, 2016 1:00pm
Quoting emmanuel7788
{quote} Hi, Look at MN chart. Do you see 2013 swing level and its low? The D1 candles are getting smaller now and still good to be selling with ME/ME. No bullish reversal yet since we see 'stronger' AUD and NZD, and despite rates being reduced, GBP crosses (GBPAUD, GBPCAD and GBPNZD) still look bearish. When I talk about ME/ME Expectancy, I consider the baskets of trades - average entry price, average number of pips gain/loss and the initial SL which I use in the calculation of the lot size. However, when you ae using the ADR(100) to calculate the...
Thank you for the reply and you were right about the market.
  • #70,635
  • Edited 1:41pm Aug 10, 2016 1:14pm | Edited 1:41pm
Quoting SlownSteadyy
Can someone please tell me whether I have spotted the divergence properly The price has made a higher low and TDI has made a lower low (Hidden Divergence). So the up trend is likely to continue? Thanks in advance {image}


imo that is divergence,
however i notice you went in very early with like a tini tiny dogi apb. this trade may end up working out as the trend is strongly bullish ....but if it does it is more due to luck [unless you are considering some aspects in price/tdi unknown to me]

where you took your trade, you had nothing to support it. i would take your setup if price had just bounced off a brn there .....or if there was a diagonal trendline coming up from below and price bounced on your trendline previously atleast two times, and now had just bounced on it again forming a blue apb [a more normal looking one]

edit: actually i wouldn't long... because the mbl is already around the 68 level, and also atr has been exceeded for the day. technically though since price has already been higher today ..if price rises more it's not going to accumulate extra "distance" on traveled atr as price is doubling back on itself .....but still though, the fact the the mbl is so high and the fact that the pair may have run out juice for today is enough for me to pass even if the trade had support. that's my personal opinion, others may differ.
  • #70,636
  • Aug 10, 2016 1:20pm Aug 10, 2016 1:20pm
Is the thread usually quiet during the summer time? or all went out play Pokemon GO?
  • #70,637
  • Aug 10, 2016 1:24pm Aug 10, 2016 1:24pm
It's crazy the amount of people you see wandering about playing that game. I ended up downloading it myself to see what all the fuss was about...
  • #70,638
  • Aug 10, 2016 1:29pm Aug 10, 2016 1:29pm
Quoting kain775
It's crazy the amount of people you see wandering about playing that game. I ended up downloading it myself to see what all the fuss was about...
  • #70,639
  • Aug 10, 2016 1:43pm Aug 10, 2016 1:43pm
Quoting kain775
{quote} imo that is divergence, however i notice you went in very early with like a tini tiny dogi apb. this trade may end up working out as the trend is strongly bullish ....but if it does it is more due to luck [unless you are considering some aspects in price/tdi unknown to me] where you took your trade, you had nothing to support it. i would take your setup if price had just bounced off a brn there .....or if there was a diagonal trendline coming up from below and price bounced on your trendline previously atleast two times, and now had just...


also when you bought stocs was oversold, don't buy when stocs is oversold, wait for it to be above 20 first
  • #70,640
  • Aug 10, 2016 5:56pm Aug 10, 2016 5:56pm
Hi all,

I just took this trade in the CAD/JPY 4H. Lets see what happens with that support.
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