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Trading Made Simple

  • #94,201
  • Feb 20, 2019 4:54pm Feb 20, 2019 4:54pm
Example of a M15 POP Gun

Many of us trade EURUSD. But yesterday was one trade which some traders saw that small M15 POP Gun and that trade did not run well.

POP Gun are just one of many price action patterns and when these pattern do not appear in trending condition, do not take trades based on POP Gun.

Yesterday M15 POP Gun was also not ideal because the market conditions was narrow ranging and sell at that time was clearly seen as selling in recent support.

Selling at that moment was also against the Daily. Moreover H4 was like what Big E once describe PA as 'scratching its head'.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Feb 20 M15 Pop Gun 21-02-2019 00-41-03.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,202
  • Feb 20, 2019 5:26pm Feb 20, 2019 5:26pm
USDJPY Daily POP Gun

This POP Gun was in Sep last year which I made 7.8% that month.

Trading this pattern are usually good when they appear in an established trend. Market pauses, pull back, indecision, ... then it 'pop'.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY D1 POP Gun.png Size: 27 KB


If you want some more study information on this, go back to my post in Jun 2013.

Post#21,116 Best of Traders Classroom
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,203
  • Feb 20, 2019 5:56pm Feb 20, 2019 5:56pm
DE30 Big Picture Week 08 Feb 21

Where will DE30 head to?
now that we seen a new Feb High,
technically , I see two possible levels above ... 11458 and 11568 on Weekly.
but in the lower timeframes, it will not travel in one straight line.

we shall see what the markets will do in coming days and weeks.


Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 08 Weekly region 11458 11568.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,204
  • Feb 20, 2019 7:09pm Feb 20, 2019 7:09pm
Good evening, to see if I understood well ... the noobs have to learn the method 5 and the lessons of BigE. But those who have been here for years do not use the TDI and have developed their own methods. This is so? I mean that the BigE method works as a learning, as a way, but not as a profitable trade. I understood well?
  • #94,205
  • Feb 20, 2019 7:34pm Feb 20, 2019 7:34pm
Quoting asclepius67
Good evening, to see if I understood well ... the noobs have to learn the method 5 and the lessons of BigE. But those who have been here for years do not use the TDI and have developed their own methods. This is so? I mean that the BigE method works as a learning, as a way, but not as a profitable trade. I understood well?

That depends on the person as the trader. His/her knowledge and experience. If you consider yourself a noob, then you start by following the OP Eric aka Big E's journey the way he started as a noob in 2008. Learn from what he knows, learn from what he learned, learn from what he did with other systems, learn from him how he developed his systems 21/233 Method and 5-Method, etc.

When you are done with learning from Eric then that part of your trading journey is complete and you need to ask ask yourself, what else are you lacking? what else do you need to learn and to know that will make you a super trader? A super trader is one who knows how to make money consistently in both 'good and bad' . (note I hate this terms good and bad market, but one famous book cover say this).

And you will have to work on your own and develop your own trading systems that will fit you. You will have to use more knowledge and experience in this very long journey in life to become a super trader.

This lead me to Option #3,

Option #3:
For those with some years of trading experience trading with indicators, this option may be better.

Click and read One, Two and Three

TMS being the 5-Method is a technical trading methodology therefore you need to add your own Money Management and make it your own system. Your trading psychology is another subject matter not talked about much.

Eric was a rule-based discretionary trader,

therefore, there is no guarantee that trading his 5-Method by following his rules and posts will make money as he claimed. There are no off-the-shelf trading systems that will make money for you over long term. You need to be able to trade in various market conditions. You need to achieve consistency in trading. You need discipline for that. You need to find your own winning edge.

You need to work on and to Develop Your Own Winning Systems that Fits You.

.../more
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,206
  • Feb 20, 2019 7:47pm Feb 20, 2019 7:47pm
AUDUSD Week 08 Feb 21 Daily chart

Quite a bit of volatility this morning with Aussie economic data release.

I see the short term direction is still narrow ranging and to the upside.

Therefore, my bias is to I remain buying with MEME and current average price is 0.7158 two open positions.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 08 Feb 21 Daily view.png Size: 24 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,207
  • Feb 20, 2019 8:28pm Feb 20, 2019 8:28pm
Quoting asclepius67
Good evening, to see if I understood well ... the noobs have to learn the method 5 and the lessons of BigE. But those who have been here for years do not use the TDI and have developed their own methods. This is so? I mean that the BigE method works as a learning, as a way, but not as a profitable trade. I understood well?
as I said before it wins the same amount or less than it loses so why bother learn to read a chart and bypass this crap
  • #94,208
  • Feb 20, 2019 8:30pm Feb 20, 2019 8:30pm
DE30 Feb 21

getting all timeframes to be in synergy ... require patience and timing,

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Feb 21 Tokyo 1127 21-02-2019 10-26-44.png Size: 97 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,209
  • Edited Feb 21, 2019 12:26am Feb 20, 2019 9:58pm | Edited Feb 21, 2019 12:26am
Quoting asclepius67
Good evening, to see if I understood well ... the noobs have to learn the method 5 and the lessons of BigE. But those who have been here for years do not use the TDI and have developed their own methods. This is so? I mean that the BigE method works as a learning, as a way, but not as a profitable trade. I understood well?
Ascle.
BigE's method is a full fledged system. It has easy and simple rules to follow, post are simple to understand.
TDI green cross red is only the signal for you to look at possible trade to enter.
Post#647 must be applied before placing that trade.
Any of those point's don't match with what you see on the chart, no trade is placed.
---------
Why this method fail for many readers is that they don't know how to read a chart with Post#647.
Ask yourself this:
1. TDI has crossover which indicate a possible entery:
When wanting to enter a TDI trade
2. Apply Post#647
- take a moment first to observe basic 4x things... like:
3. Can you see this on the chart?
- How close am I to the previous high or lo
4. Can you see this on the chart?
- Am I in an uptrend or downtrend.. short & long term...
5. Can you see this on the chart?
- Am I in or close to a consolidation area
6. Can you see this on the chart?
- Are the previous candles small...
7. Can you see this on the chart?
- Look at the candles on the last reversal... big, little, what
8. Can you see this on the chart?
- How does the momentum look right now (12-2, 4-6)
9. Can you see this on the chart?
- Does Stoch's confirm the TDI signal
10. Can you see this on the chart?
(Add this to post#647)
- Where is Support and Resistance level
--------------------------------------------
You don't know how to see any of those point's on the chart, TMS will take your account to margin-call.
You don't know understand what is the meaning of any those point, TMS will take your account to margin-call.
You don't know how to apply those point, TMS will take your account to margin-call.
------------------------------------------------------
That is why BigE also include this in that post:
If you don't already know these things... don't trade live yet...
www.babypips.com is a good place to learn about the basics of trading 4X.

TDI Hindsight entry's
Yesterday possible trade's
Use those two indicator's: Post 93,055
Start on H1
- Every H1 green angle below 4 / above 2 plot a V-Line (1)
(The best entery's are angle's above / below 1 / 5 - cherry pick).
See where it get's plotted on M15
Move V-Line to where M15 Green angle below 4 / above 2 has crossed over Red.
(The best entery's are angle's above / below 1 / 5 - cherry pick).
Make sure that when you move the V-line (1) is stil applicable.
Apply Post 94,209
-------------
Yellow trend line indicate a possible loss. Break-even or M15 Green cross Red would have made it a win trade.
-------------
Do your own homework.
- Let the method convince you if it is profitable or not.
- Test it in live forward testing and find out for yourself.
Don't rely on me to proof to you that this can work or not.
Attached Image (click to enlarge)
Click to Enlarge Name: 21022019Donderdag eenvoudig.PNG Size: 68 KB

The best entery's are angle's above / below 1 / 5 - cherry pick
  • #94,210
  • Feb 21, 2019 12:36am Feb 21, 2019 12:36am
Quoting emmanuel7788
DE30 Feb 21 getting all timeframes to be in synergy ... require patience and timing, {image}
Quoting emmanuel7788
DE30 Big Picture Week 08 Feb 21 Where will DE30 head to? now that we seen a new Feb High, technically , I see two possible levels above ... 11458 and 11568 on Weekly. but in the lower timeframes, it will not travel in one straight line. we shall see what the markets will do in coming days and weeks. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 08 Weekly region 11458 11568.png Size: 29 KB


Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Feb 21 Tokyo 1127 21-02-2019 10-26-44.png Size: 97 KB


DE30 Feb 21 Tokyo update:

That was a fast and furious one. Hope some of you caught this morning move. Hitting the first target 11458 and now pulling back a little.
For me I took profit and now with one re-entry position.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Feb 21 Tokyo 1127 update 1429 21-02-2019 10-26-44.png Size: 79 KB


Trade Well Folks,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,211
  • Feb 21, 2019 12:53am Feb 21, 2019 12:53am
Quoting Tekkies
{quote} The best entery's are angle's above / below 1 / 5 - cherry pick
M15H1
Late entry.
(Blue trend line)
Attached Image (click to enlarge)
Click to Enlarge Name: 21022019Donderdag blik emmer laat.PNG Size: 41 KB
  • #94,212
  • Feb 21, 2019 1:02am Feb 21, 2019 1:02am
DE30 Feb 21 Frankfurt Opening...

Waiting for both Frankfurt and London Open today.

In an established H4 trend, I look for retracements in both the H1 and also M15. When I see synergy M15 with H1, I will jump in again.

Attached Image


M15 going through a retracement now, at the first sign of a reversal candle pattern, I check H1 timing.

Where should be my initial stop loss for Position Sizing?

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Feb 21 Frankfurt Open 5mins 21-02-2019 14-55-19.png Size: 79 KB


Note: I don't take counter trend trades when the Daily and Weekly are both bullish. The reward to risk ratio is poor and I only take a trade with R:R 1.5 : 1 minmum.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,213
  • Edited 2:07am Feb 21, 2019 1:57am | Edited 2:07am
DE30 Feb 21 FO candle

That was brutal FO candle, very fast turn around to catch those early bird counter-trend sellers. Sorry no worms today for early birds... make angry birds.

Now is WAITING with PATIENCE for the LO candle.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Feb 21 FO candle WAIT 21-02-2019 15-51-27.png Size: 88 KB


Learn to pick and trade only the best setups. I pick the A+++ setups.

Trade Well Folks,

Edit: Update H1 chart of the FO candle closed. fast turn around in last 3 minutes.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Feb 21 FO candle closed bear.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,214
  • Feb 21, 2019 3:09am Feb 21, 2019 3:09am
DE30 Feb 21 LO candle closed Update;

The current H1 candle close will determine what the H4 candle would be.
H4 trend is still strong so a 2 bars reversal if theta shows up is too risky to consider going short as Daily and Weekly are both bullish.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Feb 21 LO candle closed 21-02-2019 17-02-53.png Size: 98 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,215
  • Feb 21, 2019 3:40am Feb 21, 2019 3:40am
Those of you who are trading according to Post#1, the next H4 candle is the 2AM candle. By now looking at your H4, you should already know if there is any trade setups potential in all your trading pairs.
If you have open positions during this current active H4 candle which is the 10PM candle, you also know if there is exit signal.

Remember 6AM candle is when you would be closing all H4 positions.

This is what Trading Made Simple is and should be. Keep It Simple.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,216
  • Feb 21, 2019 4:04am Feb 21, 2019 4:04am
Quoting emmanuel7788
{quote} {image} DE30 Feb 20 M15 Update and POMO What happened when NY Open? Those who moved their stop loss to entry price to protect trading capital, they all probably got stopped out. After that, there were re-entry opportunities. 1st there was a classic 5bar swing high entry (see old thread) 2nd there was a H4 Inside Bar consolidation area breakout the above re-entry were following H4 which. Daily and Weekly remains in buy mode. Simple price action trading decisions. {image}


are you using fibs as support and resistance for your 5 bar swings like it said in the video you linked to?
if not what are you using?

how can you trade a h4 IB breakout on m15 when the new H4 bar hasn't fully formed yet [you don't have confirmation of the breakout by way of new h4 bar closing above the inside bar]
price could very easily reverse the other way

tbh i think likica takes them like that using one time frame only[m30].
but i thought you was a more conservative trader
  • #94,217
  • Feb 21, 2019 4:19am Feb 21, 2019 4:19am
Quoting emmanuel7788
Those of you who are trading according to Post#1, the next H4 candle is the 2AM candle. By now looking at your H4, you should already know if there is any trade setups potential in all your trading pairs. If you have open positions during this current active H4 candle which is the 10PM candle, you also know if there is exit signal. Remember 6AM candle is when you would be closing all H4 positions. This is what Trading Made Simple is and should be. Keep It Simple.
Which indicator are you using, that draw S/R on your chart.. Can you share it please
  • #94,218
  • Feb 21, 2019 4:52am Feb 21, 2019 4:52am
Has anyone put the thread owner rules into an ea and tested it ? I’m confident the results won’t be good long term.
  • #94,219
  • Feb 21, 2019 5:00am Feb 21, 2019 5:00am
Quoting Pip-Miner
I’m confident the results won’t be good long term.

That's the case for nearly every system, unless the system is specifically designed to run as an EA. Were that not the case, then most systems would be converted to EA's and people would be rolling in money.....while they slept!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #94,220
  • Feb 21, 2019 5:03am Feb 21, 2019 5:03am
Quoting Tekkies
{quote} M15H1 Late entry. (Blue trend line) {image}
Follow up
H1 has made check mark.
- Close trade
- Enter Buy orders
Both M15 / H1 green above 1 and 2
Stoch confirm direction
Attached Image (click to enlarge)
Click to Enlarge Name: 21022019Donderdag nog een.PNG Size: 56 KB
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