Dislikedwhat is your view? > Instead of posting that everyday and after seven years why is the posted charts filled with indicators, EA? Charts should look like this: {image}Ignored
Hey @Tekkies
good you asked. Does this mean you are interested to start with trading systems development now?
You posted a blank AUDUSD chart and that is NOT Big E' original 5-Method chart.
You did not read Big E old thread and follow those tutorial videos he provided links to.
The 5-Method was a blending of different methods/systems we learned in his old thread.
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We can therefore further simplify trading made simple by removing the Stoch and the TDI which will lead us to fewer rules and we then follow Big E' 5-Method based only on Price Action...
what is your view?
Big E already posted these: you can trade without the TDI
Jan 20, 2011
#3044
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.
Jan 26, 2011
#3103
I almost always have the tdi & stoch on all my charts regardless of the method being used.
However, it's not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and
Feb 12, 2011
#3418
You can trade the 5 method without the TDI if it's a problem...
PA is HA Candles, PA crosses the yellow line and closes... enter on the next candle if it's the same color. When candles flatten out... exit. Stay in the trade as long as it doesn't cross back over the yellow line and close.
May 16, 2011
#2617
2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?
It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?
Read above...
I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too...
#296 (Nov 4, 2008)
I profit every day by using Stochastics. I hope you will too. It's just part of the puzzle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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