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Trading Made Simple the right way, and other trading lessons 330 replies

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Trading Made Simple

Quoting emmanuel7788
{quote} AU Sep27 Daily - does not matter what the CPI data is today - the Weekly market type conditions will still be the same after the CPI data release. {image} ...

AU Sep27 H4 Tokyo 1:35PM

- after the CPI data release no change to the Weekly market type

- follow Daily price action

- post#647 Price Action BEEOB setup

- always trade with Stop Loss 'R' and do Position Sizing

Attached Image (click to enlarge)
Click to Enlarge Name: AU Sep27 H4 BEEOB.png Size: 36 KB

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
[quote=eelfranz;4619118]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?
[/highlight]...[quote]

#2617

How to take clean trades without the TDI and Stoch?

EU Sep27 H1 London Open

- learn to read the candles post #647

- sell setup to look for
1) Piercing candle
2) Engulfing candle
3) Engulfing Outside candle

Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep27 H1 London Open 27-9-2023 3-17-11 pm.png Size: 33 KB


4) when the price action breaks below Asian session low

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
Quoting eelfranz
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? ...
...

when none of the above 1), 2) and 3) happens,

- a PCRF is also possible as setup at London 10am

- but we have Asian low as 'support'

- we still have 4) ... as option


EU Sep27 H1

Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep27 H1 LO3 PCRF 27-9-2023 5-00-19 pm.png Size: 37 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote}{quote} when none of the above 1), 2) and 3) happens, - a PCRF is also possible as setup at London 10am - but we have Asian low as 'support' - we still have 4) ... as option EU Sep27 H1 {image} ...

Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep27 H1 LO3 PCRF 27-9-2023 5-00-19 pm.png Size: 37 KB

and now London 12pm

you have option 4) setup

Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep27 H1 London 12pm 27-9-2023 7-01-18 pm.png Size: 38 KB


- today the market is kind to TMS 5-Method #2617 traders ...




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting gespiri
{quote} Thanks TD, I'll keep studying. Good weekend to you too.
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Beside the trend following and countertrend TMS setup above 1.2213, when support is broken, again look for TMS setup to sell below as it is a previous high/low to retest (#647)

TDI cross down to signify trade timing.

trade well.

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Quoting emmanuel7788
{quote}{quote} when none of the above 1), 2) and 3) happens, - a PCRF is also possible as setup at London 10am - but we have Asian low as 'support' - we still have 4) ... as option EU Sep27 H1 {image}

Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep27 H1 LO3 PCRF 27-9-2023 5-00-19 pm.png Size: 37 KB


...

EU Sep27 H1 PCRF setup trade closed

+3.5R profit trade with conservative ADR as target

Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep27 H1 PCRF setup 3.5R 28-9-2023 7-21-10 am.png Size: 23 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} EU Sep26 ADR target for H1 day-trading - today we set our ADR high0-low target to last 5 days average > watch the Price Action for today's swing high and swing low > take the best setups according to post #647 basic forex trading > use LTF for entry ... Price Action is king. ... key is look for price MOMENTUM in the setup candle. {image} ...

EU Sep28 ADR target for day-trading

- yesterday was a volatile day with 87pips range

- today I remain conservative and take the 5-days ADR of 67 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep28 H1 ADR 67pips 28-9-2023 7-33-19 am.png Size: 24 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
[quote=emmanuel7788;14593254][quote=eelfranz;4619118]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? ...
Quote
...




#2617

How to take clean trades without the TDI and Stoch?

EU Sep27 H1 London Open

- learn to read the candles post #647

- sell setup to look for
1) Piercing candle
2) Engulfing candle
3) Engulfing Outside candle


Reply to PM

Q. What is Piercing candle?

AU H1 examples

- a two bars/candle setup according to post #647 when you spot consolidation or sideways market conditions, and you know the short-term and long-term trend, etc.


- it is important not to confuse Piercing candle with Engulfing candle,



Attached Image (click to enlarge)
Click to Enlarge Name: AU H1 Piercing candle 28-9-2023 7-47-42 am.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} EU Sep28 ADR target for day-trading - yesterday was a volatile day with 87pips range - today I remain conservative and take the 5-days ADR of 67 pips {image} ...

For those of you who are day-traders and 4H swing traders and want to learn how to use the ADR for trade targets,

there were lots of videos posted by the OP in his old thread where his 5-Method started.

Here are the links those old videos now available on youtube.

https://www.forexfactory.com/thread/...5#post13557185

https://www.forexfactory.com/thread/...7#post13569777


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting gespiri
{quote} Looks like it's turning.....I'll wait until Monday LO to decide. Good weekend.

GU will possibly hit BRN 12100

post#647 both short-term and long-term trend are bearish....

sell the rallies when in a Bear Market ... Do Not trade against the dominant market type conditions ...
because there is no potential for those +5R to +9R weekly 4H swing trades

The Weekly will tell us when the dominant market type conditions will end and that requires a minimum two candles.


Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Two more trading days till Month-End

My favourite is the GDP data

TMS traders can scalp the 4hr like the OP and learn to stay away from the trash timeframes.
#11
#119
#949


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Just too much risks ....

GA Sep28 Daily

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Sep 28 Day-trading

my first 4hr trade window broker 0400 candle time

AU

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AJ

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} GU will possibly hit BRN 12100 post#647 both short-term and long-term trend are bearish.... sell the rallies when in a Bear Market ... Do Not trade against the dominant market type conditions ... because there is no potential for those +5R to +9R weekly 4H swing trades The Weekly will tell us when the dominant market type conditions will end and that requires a minimum two candles. {image} {image} ...

GU Sep28 H1 LO soon

- ADR target

Attached Image (click to enlarge)
Click to Enlarge Name: GU Sep28 H1 ADR target 28-9-2023 2-56-27 pm.png Size: 24 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
opsss.........
I didn't understand what happened to gbp/usd
Quoting arteks
opsss......... I didn't understand what happened to gbp/usd

wait for Tokyo market session to close then watch what happens.

some traders close early before the Month-End.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} GU Sep28 H1 LO soon - ADR target {image}

Attached Image (click to enlarge)
Click to Enlarge Name: GU Sep28 H1 ADR target 28-9-2023 2-56-27 pm.png Size: 24 KB


...

GU Sep28 H1

- London opening clear orders
- conservative ADR 1.21740 hit


Attached Image (click to enlarge)
Click to Enlarge Name: GU Sep28 H1 hit ADR high 28-9-2023 4-28-39 pm.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} GU Sep28 H1 - London opening clear orders - conservative ADR 1.21740 hit {image} {image}
Hello, why your charts and posts are totally irrelevant to big e charts and method? Is big e method failed or not good?
If big e method is good then you should start your own thread with your charts which totally different from this thread method
Investing is SIMPLE but NOT EASY
Quoting Moly_Cam5
{quote} Hello, why your charts and posts are totally irrelevant to big e charts and method? Is big e method failed or not good? If big e method is good then you should start your own thread with your charts which totally different from this thread method

Hello @Moly_Cam5

Please post your chart using the OP Big E' chart template and I will explain how to read the candles and how I trade Big E' 5-Method.

Big E' 5-Method is still good and will be good for the many years in the future. However, if you want to achieve higher success Big E has several solutions.

By the way, how many years have your been trading .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
Sep 28 Day-trading my first 4hr trade window broker 0400 candle time AU {image}
Attached Image (click to enlarge)
Click to Enlarge Name: AU Sep28 4hr 0400 28-9-2023 9-06-25 am.png Size: 34 KB



...

AU Sep28 +4R and still going

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> good Month-End
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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