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Trading Made Simple

  • #76,281
  • Feb 23, 2017 2:33am Feb 23, 2017 2:33am
hi
does this count as master candle even if a wick is outside of the range?
Attached Image


ps: 197 is a prime number and i used that for fun for the ema (so is 199)
  • #76,282
  • Feb 23, 2017 2:42am Feb 23, 2017 2:42am
Quoting bistolis
hi does this count as master candle even if a wick is outside of the range? {image} ps: 197 is a prime number and i used that for fun for the ema (so is 199)
Hi
It is IB. Because bar breaks MC.

Below are few more.
Attached File(s)
File Type: pdf MC+Method.pdf   262 KB | 750 downloads
There is no reason to trade if there is no reason to trade.
  • #76,283
  • Feb 23, 2017 2:46am Feb 23, 2017 2:46am
Quoting emmanuel7788
{quote} You mean this D1 candle shown as background on the lower TF charts? {image} everything that I used in the past 5 years are all here http://www.forexfactory.com/showthre...89#post8860789
Thanks Emmauel for pointing me to the right post

Unfortunately when I attached the indicator its showing nothing on the chart , (might be I am doing something wrong)


Also is it the same indicator used for plotting Weekly candles on the daily time frames?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 117 KB
  • #76,284
  • Feb 23, 2017 2:49am Feb 23, 2017 2:49am
Quoting marionetka
{quote} Hi It is IB. Because bar breaks MC. Below are few more. {image}
thanks for the pdf

and action incoming on GJ today (probably)

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 108 KB
  • #76,285
  • Feb 23, 2017 2:53am Feb 23, 2017 2:53am
Quoting mazibee
{quote} Thanks Emmauel for pointing me to the right post Unfortunately when I attached the indicator its showing nothing on the chart , (might be I am doing something wrong) Also is it the same indicator used for plotting Weekly candles on the daily time frames? {image}
In the indicator where you have timeframe H4 you need to put D1
Success means going from failure to failure without loss of enthusiasm
  • #76,286
  • Feb 23, 2017 3:06am Feb 23, 2017 3:06am
hey guys, I've been reading this thread for more than a week now and testing using a demo account more than 20 trades
but I don't seem to have consistent results

that's what I learned so far plz correct me if im wrong:
1-pattern setup: enter when green tdi crosses red in the beginning of the new candle
2-confirmation: green tdi angle clock 12-2pm in uptrend / 4-6pm in downtrend
-market direction: check 1h, d1, w1 if all are synched enter in 4 hour
make sure s&r zones are not close to entry so they dont stop or bounce your trade
3-plan trade: sl previous candle low/high
entry: green tdi crosses red
exit: green tdi goes flat, hook over ,check mark
4- execute the trade

the problem is more often, let's say for example I enter a buy trade using these rules, green tdi crossed red 12-2pm angel
after 4 hours the green tdi turns flat hook and the trade goes against me so I close the trade with 10+ pips loss

I even waited for price to retrace back to support then waited for a bullish engulfing pattern + green tdi crossed red with a good 12-2pm angle
still lost 10 pips after 4 hours.

what am I doing wrong

with emanuuel7788 and tekkies and big e, too many opposing rules and the strategy is not simple anymore as big e wanted it to be

can someone write in simple step by step order what needs to be done to be successful using this strategy, please explain more entries, sl, exits, and confirmation so we feel confident using this strategy, because after 3815 pages, there seems to be still confusion, thank you!
  • #76,287
  • Feb 23, 2017 3:11am Feb 23, 2017 3:11am
Quoting falisco
hey guys, I've been reading this thread for more than a week now and testing using a demo account more than 20 trades but I don't seem to have consistent results that's what I learned so far plz correct me if im wrong: 1-pattern setup: enter when green tdi crosses red in the beginning of the new candle 2-confirmation: green tdi angle clock 12-2pm in uptrend / 4-6pm in downtrend -market direction: check 1h, d1, w1 if all are synched enter in 4 hour make sure s&r zones are not close to entry so they dont stop or bounce your trade 3-plan trade: sl...
Put some pictures up of the trades you have taken so that people on the thread can see for themselves your entries and perhaps you can be helped more.
Success means going from failure to failure without loss of enthusiasm
  • #76,288
  • Feb 23, 2017 3:14am Feb 23, 2017 3:14am
Quoting falisco
hey guys, I've been reading this thread for more than a week now and testing using a demo account more than 20 trades but I don't seem to have consistent results that's what I learned so far plz correct me if im wrong: 1-pattern setup: enter when green tdi crosses red in the beginning of the new candle 2-confirmation: green tdi angle clock 12-2pm in uptrend / 4-6pm in downtrend -market direction: check 1h, d1, w1 if all are synched enter in 4 hour make sure s&r zones are not close to entry so they dont stop or bounce your trade 3-plan trade: sl...

Keep it simple: Just read and follow Big E's posts. Take notes as your read Big E's posts. Pay attention to his posts with training charts and note the price action and the support&resistance on his trading charts.

Post you charts using the template and indicators Post#25.

Use Post#647 as your checklist when you trade.

Warning: Do Not follow me, I am an advanced PASR trader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,289
  • Feb 23, 2017 3:15am Feb 23, 2017 3:15am
Quoting marionetka
{quote} Hi It is IB. Because bar breaks MC. Below are few more. {image}
A nice and clear pdf for MC, thank you!
But I have a question.
Are there any reason for the "4" inside candle?
say, why not 3 or 5
  • #76,290
  • Feb 23, 2017 3:16am Feb 23, 2017 3:16am
Quoting lisat
{quote}This was against PA on H4 though?

Yes. You are correct.

Silly me, trying to catch the breakout before it happens.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,291
  • Feb 23, 2017 3:22am Feb 23, 2017 3:22am
Quoting brian661
{quote} A nice and clear pdf for MC, thank you! But I have a question. Are there any reason for the "4" inside candle? say, why not 3 or 5

MC[3] occurs the most then 4 and 5.

If a MC[3} shows first, it can later become MC[4} or MC[5] when the market consolidation prolongs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,292
  • Feb 23, 2017 3:29am Feb 23, 2017 3:29am
EurGbp put to break even,now is testing daily low,I do not know whether to close or wait arrivals to weekly low
I do not know whether to close
Attached Image (click to enlarge)
Click to Enlarge Name: Senza nome.png Size: 57 KB
  • #76,293
  • Feb 23, 2017 3:34am Feb 23, 2017 3:34am
Quoting tanoking
EurGbp put to break even,now is testing daily low,I do not know whether to close or wait arrivals to weekly low I do not know whether to close {image}

when you took this trade, you should already know when you want to exit.
just follow your exit strategy which you must have in your trading system and written in this trade plan.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,294
  • Feb 23, 2017 3:41am Feb 23, 2017 3:41am
Thanks Emmanuel ... what do you recommend in such cases?Better get out based on TDI or important levels as Daily/Weekly low?
  • #76,295
  • Feb 23, 2017 3:57am Feb 23, 2017 3:57am
EURGBP Short on 4H, 40 pip SL, 40 pip TP.
Hook on TDI and Engulfing candle

Show me the money
  • #76,296
  • Feb 23, 2017 4:01am Feb 23, 2017 4:01am
Quoting tanoking
Thanks Emmanuel ... what do you recommend in such cases?Better get out based on TDI or important levels as Daily/Weekly low?

you sold when the price reversed at the high of that H4 WRB. you had a good entry price.

now we have several levels below where we wait and see how the price momentum can break lower.

Trailing using Previous Candle HIGH-Low is one way to manage this trade.

THV CaveManager can do this and you don't have to monitor your trades.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Feb 23 PA H1.png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,297
  • Feb 23, 2017 4:04am Feb 23, 2017 4:04am
here are 2 losing examples, i'd like to know what im doing wrong thanks @lisat, @tekkies, @emmanuel7788
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur_usd_buy_loss.png Size: 51 KB
Click to Enlarge Name: eur-usd_loss_setup.png Size: 66 KB
  • #76,298
  • Feb 23, 2017 4:04am Feb 23, 2017 4:04am
Quoting tanoking
EurGbp put to break even,now is testing daily low,I do not know whether to close or wait arrivals to weekly low I do not know whether to close {image}
hello tanoking do you have a link for the bulls bears indicator ?
  • #76,299
  • Feb 23, 2017 4:05am Feb 23, 2017 4:05am
Please, Is it a correct set up? THANKS
GBPUSD H4
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 47 KB
  • #76,300
  • Feb 23, 2017 4:12am Feb 23, 2017 4:12am
Quoting falisco
here are 2 losing examples, i'd like to know what im doing wrong thanks @lisat, @tekkies, @emmanuel7788 {image} {image}

you can't trade with that chart template.

the 5 key components of the 5-Method are:

1) the 5EMA, Typical price, Shift+3
2) the APB/HA candles
3) the TDI
4) the Stochastics
5) PA + Support&Resistance.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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