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Trading Made Simple

  • #77,081
  • Mar 13, 2017 12:32pm Mar 13, 2017 12:32pm
Quoting bob44
Can anyone explain PRICE ACTION in simple diagrams and words. It seems to get more confusing than ELLIOT WAVE
you should checkout babypips.com
  • #77,082
  • Mar 13, 2017 12:53pm Mar 13, 2017 12:53pm
Quoting emmanuel7788
{quote} That is very simple. From my personal experiences for many in public forums. Years ago I shared in another forum my trading tools and only to find them being sold online. Again here in FF a few years ago, I share with other members some of my trading tools and again to find out he has his own website and selling stuff he copied. Basically, I spend my own time and also my buddies spend their time to help me code these trading tools and do the testing. All these effort take time, some time man-months, man-years when I sum up the number of...
Understand. Please count me in Emmanuel
smile and the world smiles with you
  • #77,083
  • Mar 13, 2017 12:54pm Mar 13, 2017 12:54pm
Quoting bob44
Can anyone explain PRICE ACTION in simple diagrams and words. It seems to get more confusing than ELLIOT WAVE
Attached Image (click to enlarge)
Click to Enlarge Name: PA.JPG Size: 54 KB
  • #77,084
  • Mar 13, 2017 12:55pm Mar 13, 2017 12:55pm
Attached Image (click to enlarge)
Click to Enlarge Name: PA.JPG Size: 54 KB
Quoting frenchy.fx
{quote} you should checkout babypips.com
SEE what I mean
  • #77,085
  • Mar 13, 2017 12:56pm Mar 13, 2017 12:56pm
Quoting bob44
Can anyone explain PRICE ACTION in simple diagrams and words. It seems to get more confusing than ELLIOT WAVE
Mr Pip from this thread https://www.forexfactory.com/showthread.php?t=402253 explains that very well, incorporating that with TMS reduced my number of losers dramatically.
  • #77,086
  • Mar 13, 2017 12:58pm Mar 13, 2017 12:58pm
Quoting bob44
Can anyone explain PRICE ACTION in simple diagrams and words. It seems to get more confusing than ELLIOT WAVE
Bob,

Price Action is a large concept and area of study within trading. It is worth studying however, as many believe it is the only leading "indicator" of future price movement. I recommend having a look at the posts below and their attached PDFs. These are particularly useful because they discuss PA within the context of TMS and chart templates we are accustomed to. Breaking down large/daunting information into smaller chunks that can be more easily understood and applied is very useful.

If you need additional resources there are other good PA threads on FF, but they are not TMS focused, though the concepts are the same. Let me know if you need these.

https://www.forexfactory.com/showthr...97#post7188097
https://www.forexfactory.com/showthr...37#post7046037
https://www.forexfactory.com/showthr...36#post6919336
https://www.forexfactory.com/showthr...40#post6893640


Best,
N
  • #77,087
  • Mar 13, 2017 1:49pm Mar 13, 2017 1:49pm
Quoting bob44
Can anyone explain PRICE ACTION in simple diagrams and words. It seems to get more confusing than ELLIOT WAVE
bob
google "Forex PRICE ACTION" About 1 340 000 results.
Each trader will have his twist about Price Action(PA). It is the interaction between the buyers and seller's which make the candle go up or down. Buyers push the price's up and sellers push the price down. You know that already.
I do not have the knowledge to tell you what Price Action really consist of. Some say it is naked chart trading or candle pattern's or..............
I used post#647 in learning Price Action. Each point that BigE mentiond to look for I went and google for information.
The best will be to do your own research. Start with this webpage if you want to.
http://web.archive.org/web/201305300...trading-forex?
Edit: Scarp this webpage I see you are already using it. confusion is now: 1,000,000,002
  • #77,088
  • Mar 13, 2017 2:01pm Mar 13, 2017 2:01pm
Quoting Tekkies
{quote} bob google "Forex PRICE ACTION" About 1 340 000 results. Each trader will have his twist about Price Action(PA). It is the interaction between the buyers and seller's which make the candle go up or down. Buyers push the price's up and sellers push the price down. You know that already. I do not have the knowledge to tell you what Price Action really consist of. Some say it is naked chart trading or candle pattern's or.............. I used post#647 in learning Price Action. Each point that BigE mentiond to look for I went and google for information....
Thanks you ,

I have a book on candles i think there are 1,340 000 options Bob
  • #77,089
  • Mar 13, 2017 2:08pm Mar 13, 2017 2:08pm
Quoting Tekkies
{quote} bob google "Forex PRICE ACTION" About 1 340 000 results. Each trader will have his twist about Price Action(PA). It is the interaction between the buyers and seller's which make the candle go up or down. Buyers push the price's up and sellers push the price down. You know that already. I do not have the knowledge to tell you what Price Action really consist of. Some say it is naked chart trading or candle pattern's or.............. I used post#647 in learning Price Action. Each point that BigE mentiond to look for I went and google for information....
Ok Tek , the examples on the webpage . i can see the consolation but looking at the candles after where do you enter , or would it be better just to rely on fractals or something similar
Attached Image (click to enlarge)
Click to Enlarge Name: PA#.JPG Size: 75 KB


even in the consolation box you can still see higher highs , sorry to say I am still lost
  • #77,090
  • Mar 13, 2017 2:14pm Mar 13, 2017 2:14pm
Quoting Nik-Nyc
{quote} Bob, Price Action is a large concept and area of study within trading. It is worth studying however, as many believe it is the only leading "indicator" of future price movement. I recommend having a look at the posts below and their attached PDFs. These are particularly useful because they discuss PA within the context of TMS and chart templates we are accustomed to. Breaking down large/daunting information into smaller chunks that can be more easily understood and applied is very useful. If you need additional resources there are other...
Hi Nik
This is where member's start to go astray. You posted 4* FF page's I posted 1*webpage which co-side with Bob's post. How do you find your way out of 5 ways of Price Action. Those are just 5, how many are other member's going to post.

What type of Price Action did BigE used. He mention many time PA and never explained how he sees PA. Was it an combination of PASR, Candle, Pin-bar. For that matter how you see PA is going to differ from how I see PA and so it goes around in circle like a snake eating his own tail.
  • #77,091
  • Mar 13, 2017 2:43pm Mar 13, 2017 2:43pm
Quoting bob44
{quote} Ok Tek , the examples on the webpage . i can see the consolation but looking at the candles after where do you enter , or would it be better just to rely on fractals or something similar {image} even in the consolation box you can still see higher highs , sorry to say I am still lost
Price Action does not use indicator's so fractals is a no no.
This where you become to be a trader bob, and where I am.
You need to look at the candle. What is the candle telling you. Tried of reading this webpage, that book or this pdf.
What I do now, when the TDI gives a signally for a cross I mark the place with a arrow. Remove all indie's from chart, and study the candle. using the point's in post#647:
candle short big, small what?
Hindsight: Easy, see that bar with the long wicks' that is the candle you enter a buy.
We are learning from the same webpage Bob. I know even less what you know.

The candle's whisper the market feeling's everyday and we only hear the hysterical screaming of indicators.
  • #77,092
  • Mar 13, 2017 3:19pm Mar 13, 2017 3:19pm
Good morning folks,

After a good night sleep and its a brand new day for me. I am in high energy right now and while I wait for the ASX to open I thought I use the time to catch up reading from where I left off last night.

What is happening here folks, now I read a 'snake eating his own tail' ... shouldn't it be 'snake trying to eat its own tail'? Anyone seen a stupid snake lately?
English is a wonderful language.

price action trading and trading price action, are these two the same?

Anyway, I will join in the fun soon with what is Price Action Trading... another man's perspective.

Stay tuned.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,093
  • Mar 13, 2017 3:25pm Mar 13, 2017 3:25pm
Quoting emmanuel7788
Good morning folks, After a good night sleep and its a brand new day for me. I am in high energy right now and while I wait for the ASX to open I thought I use the time to catch up reading from where I left off last night. What is happening here folks, now I read a 'snake eating his own tail' ... shouldn't it be 'snake trying to eat its own tail'? Anyone seen a stupid snake lately? English is a wonderful language. price action trading and trading price action, are these two the same? Anyway, I will join in the fun soon with what is Price Action...
Good morning,

looking forward to it.....the simple method
True Grit!
  • #77,094
  • Mar 13, 2017 3:31pm Mar 13, 2017 3:31pm
Here is one of Big E's old post:

Two charts, the one above is his 21/233 Method
and the one below if his 5-Method which is Trading Made Simple aka TMS today.


Which method makes more pips?
Which method makes more money?

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 2913.png Size: 366 KB


https://www.forexfactory.com/showthr...28#post4220628

Take note of the what the price is doing on those two charts. Look at the effect of action of the price have on each of the 3 indicators below?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,095
  • Edited 3:48pm Mar 13, 2017 3:32pm | Edited 3:48pm
Quoting emmanuel7788
Good morning folks, After a good night sleep and its a brand new day for me. I am in high energy right now and while I wait for the ASX to open I thought I use the time to catch up reading from where I left off last night. What is happening here folks, now I read a 'snake eating his own tail' ... shouldn't it be 'snake trying to eat its own tail'? Anyone seen a stupid snake lately? English is a wonderful language. price action trading and trading price action, are these two the same? Anyway, I will join in the fun soon with what is Price Action...
It surprisingly has happened. Search for it on YouTube and you will see a sad video of the sneak eating itself.

Took a trade entering resistance. Had a drawdown of ~30 pips for a current gain of ~14 pips. Could have been much worse. I'm lacking the experience trading this system to keep my trades open long enough to have the substantial "barrel of pips". To the experienced traders out there, what have you found your average holding time to be?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYproH4.png Size: 69 KB
  • #77,096
  • Mar 13, 2017 3:35pm Mar 13, 2017 3:35pm
Quoting Tekkies
{quote} Hi Nik This is where member's start to go astray. You posted 4* FF page's I posted 1*webpage which co-side with Bob's post. How do you find your way out of 5 ways of Price Action. Those are just 5, how many are other member's going to post.
Tekkies, there are many differences between my 4 links and your 1 link. Firstly, the links i provided are all PA resources within the context of TMS and this very thread. Since many newer traders are familiar with basic TMS templates, learning about PA with a TMS template might shorten peoples learning curve since they will be looking at charts with familiar elements: TDI, HA, etc. Do you see my logic here? Furthermore, i have studied these PDF's and can personally vouch for the value they hold. My trade plan includes PA for any potential setup i am considering. I have by no means mastered PA, but you would be surprised what you can learn in 18 months of study & observation and how this effects your bottom line.


Quoting Tekkies
{quote}What type of Price Action did BigE used. He mention many time PA and never explained how he sees PA.
You are correct, BigE never fully explained in-depth his interpretation of PA, however, we do know with certainty that he did value it greatly before considering a trade. Therefore, it is in every TMS traders best interest to try an learn about PA. You do not need to become an expert, or have exhaustive knowledge, but basic PA knowledge will serve you well, atleast this is my own personal experience.


Quoting Tekkies
{quote}Was it an combination of PASR, Candle, Pin-bar. For that matter how you see PA is going to differ from how I see PA and so it goes around in circle like a snake eating his own tail.
Just because something is difficult, and more of an art rather than a science, does not mean it is not worth learning. Almost everything we do as traders is based on probability, and PA simply gives us probabilities for what price may do next, based on what it just finished doing. Furthermore, since our beloved TDI is based on price, it only makes even more sense to understand the variable that ultimately give us crosses, or hooks, or good angles, etc etc. Knowledge is power.

I encourage every aspiring TMS trader to have a read/study of the following PDF related to Candle Stick Patterns and TMS. In my humbe opinion it is the second most important PDF after the compilation of BigE's post:
Attached File(s)
File Type: pdf Candlestick Patterns in TMS.pdf   3.7 MB | 817 downloads


Best,
N
  • #77,097
  • Mar 13, 2017 4:15pm Mar 13, 2017 4:15pm
Quoting faatkumo
{quote} lets confirm with Sir Emmanuel
Quoting Tekkies
{quote} please please not sir emanauel, have mercy on my trading career
H faatkumo,

I know in some culture, people are really very polite and have fondness of addressing other people with "Sir ..... '.

But I have no qualms with names. Just a simple short name like 'emm' would do

I don't want anyone to feel uneasy here.

back to your subject, what is that you want me to confirm? I may have missed a few post above and still need to catch up on.

kind regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,098
  • Mar 13, 2017 4:22pm Mar 13, 2017 4:22pm
Were can we find Big E himself?
  • #77,099
  • Mar 13, 2017 4:34pm Mar 13, 2017 4:34pm
Quoting frenchy.fx
Were can we find Big E himself?
He died several years ago and is missed by many.
https://www.forexfactory.com/eelfranz
every Saint has a past. Every Sinner has a Future
  • #77,100
  • Mar 13, 2017 5:38pm Mar 13, 2017 5:38pm
Quoting emmanuel7788
I never left the thread at all. I am reading and learning here everyday like all of you who are reading and learning from one another. {image} Folks, remember, sign up at FF to become a member. Then you make a few posts, I think at least 5 posts at the beginning which FF Admin will vet before we see your posts. This can be delay for few hours before we all get to see your post. After 5 posts, you post will be seen immediately as you hit that Post New ... Do not procrastinate, do the right things. Sign Up to Forex Factory membership fast and soon...
Hi Emmanuel,
what are your trading tools? can I receive them?
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