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Trading Made Simple

  • #81,541
  • Aug 21, 2017 4:51pm Aug 21, 2017 4:51pm
entered buy eurusd daily cross, simply follow weekly trend
  • #81,542
  • Aug 21, 2017 4:54pm Aug 21, 2017 4:54pm
Quoting zonalmarking
{quote} MEME entry is when you enter on price retracements after your first entry

Use the retracement to build positions in the market. Get an overall better average entry price.

Read these old post and make your own notes.

Money Management
Big E on using multiple entries in the CHS thread
Post#2622 , Post#2629 , Post#2771 and Post#2912
Money Management Strategy for TMS: Post#48,008
Using Multiple-Lot Positions to Improve trading TMS: Post#33,507
Entry and Exits: Post#24,918 Post#18,422 Post#19,617
How to Build a Position: Post#19,588
Multiple Entries / Multiple Exits for Day chart trading: Post#58,726
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,543
  • Aug 21, 2017 4:58pm Aug 21, 2017 4:58pm
Quoting shay14
entered buy eurusd daily cross, simply follow weekly trend

if you trade following the TDI cross, you will lose more than you will win.

The D1 HA candle is not out of the woods yet and the Weekly is sideways. This means you must look more at the price action and support/resistance.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,544
  • Aug 21, 2017 5:11pm Aug 21, 2017 5:11pm
Quoting emmanuel7788
{quote} if you trade following the TDI cross, you will lose more than you will win. The D1 HA candle is not out of the woods yet and the Weekly is sideways. This means you must look more at the price action and support/resistance.
not as "simple" is it?

but i understand you, i've been following this system for a while and ever since i started only just following tdi crosses on daily time frame only and entering trades, ive made money than looking at a 100 things after a tdi cross to enter.
  • #81,545
  • Aug 21, 2017 5:13pm Aug 21, 2017 5:13pm
Quoting maxleecool
Hi All, Great method and thread, just wanted to know is someone still using the Original Big E's method with same rules... i wanted to start with it but if i could get some guidance would be great. As mentioned the original method was trading 4H in London Session, does it still stays valid? Are there any new rules we must keep in mind . Any help will be appreciated. Thanks
It depends on what knowledge you have and your trading experience. Many have tried to trade the H4 like Big E did, some made it while others did not. If you want to trade H4 the way he did, you need to use the same version of the TDI he did.

I did not make it so I went back to the original method which is the Synergy trading model where Big E started with back in 2008. Learn the Synergy trading model the same way Big E did before he started to strip away some of the things from the Synergy trading model and make his trading more aggressive. He considered the Synergy trading model to be conservative. I prefer the conservative way of trading and work on money management strategy which is more suitable for conservative trading. I prefer to trade the 4H Swing trades and D1 Position trades. What Big E did not like about trading the D1 chart timeframe I adapted it with my money management.

It is up to you being the independent trader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,546
  • Aug 21, 2017 5:15pm Aug 21, 2017 5:15pm
Quoting shay14
{quote} not as "simple" is it? but i understand you, i've been following this system for a while and ever since i started only just following tdi crosses on daily time frame only and entering trades, ive made money than looking at a 100 things after a tdi cross to enter.

that has been quite a while and good to hear that you are making money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,547
  • Aug 21, 2017 5:22pm Aug 21, 2017 5:22pm
Quoting darko2010
Short CADJPY on H1, there is a risk we may rebound on Daily EMA 50 (EMA 10 Weekly), but if we overcome that, 85.00 is my target
EMA 10 Weekly held so far and I got a nice beating.
  • #81,548
  • Aug 21, 2017 5:33pm Aug 21, 2017 5:33pm
Quoting darko2010
{quote} EMA 10 Weekly held so far and I got a nice beating.

the Weekly shows an Inside Bar and this make H4 trade more difficult.

JPY pairs are difficult to trade in recent weeks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,549
  • Aug 21, 2017 5:44pm Aug 21, 2017 5:44pm
Quoting emmanuel7788
{quote} the Weekly shows an Inside Bar and this make H4 trade more difficult. JPY pairs are difficult to trade in recent weeks.
I wish I made a donation to feed a village in Africa instead of losing what I lost in August, it would have been money better spent
  • #81,550
  • Aug 21, 2017 5:51pm Aug 21, 2017 5:51pm
Quoting darko2010
{quote} I wish I made a donation to feed a village in Africa instead of losing what I lost in August, it would have been money better spent

think of it the other way around.
Trade with a purpose.
Trade well and make money to feed some of the poor people.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,551
  • Aug 21, 2017 5:58pm Aug 21, 2017 5:58pm
Quoting emmanuel7788
{quote} think of it the other way around. Trade with a purpose. Trade well and make money to feed some of the poor people.
Believe me, I do trade with a purpose, starting with feeding my own.

When I used to trade equities, there was at least a sense of fundamental value to what I was trading, helping me stay the course for the long haul, sometimes years, and it paid greatly. This is not the case in FX where the value of a pair is not based on a rationale fundamental, it is really PASR-driven and my own value conviction means nothing. It is a different dance, I just have to master the moves
  • #81,552
  • Aug 21, 2017 6:04pm Aug 21, 2017 6:04pm
Quoting emmanuel7788
{quote} When I trade, I do not look at the TDI on Weekly and Monthly charts. I look at the Weekly and Monthly for the price action and the support/resistance. Look at D1, the candle have been small and trading withing the High-Low of the PAC. If I were to pick the breakout, I'll pick a higher probability upside breakout following Weekly. H4 does not show empty space below which is indicative of recent buying support and it is near a BRN 1.1700
thank you Emmanuel
  • #81,553
  • Aug 21, 2017 6:23pm Aug 21, 2017 6:23pm
Quoting emmanuel7788
{quote} It depends on what knowledge you have and your trading experience. Many have tried to trade the H4 like Big E did, some made it while others did not. If you want to trade H4 the way he did, you need to use the same version of the TDI he did. I did not make it so I went back to the original method which is the Synergy trading model where Big E started with back in 2008. Learn the Synergy trading model the same way Big E did before he started to strip away some of the things from the Synergy trading model and make his trading more aggressive....
Thanks so much Emmanuel, i have fair knowledge of support resistance, time frames, swing trading, retracements, and i also like to trade on high timeframes 4H and above.

The problem being Money Management, which i am weak on, and also i donot have a so called strategy. I trade setups that i see, and this sometimes make me trade more then required. So i think i need a fair and easy strategy where i can work on money management and then move ahead. Have been trying this model a few times, it does work sometimes, but one really needs to see the higher timeframe first, and not trade near supp or resistance are key points i noticed.

What is the Synergy trading model. Is it a better approach them this.
  • #81,554
  • Aug 22, 2017 3:10am Aug 22, 2017 3:10am
Quoting maxleecool
{quote} Thanks so much Emmanuel, i have fair knowledge of support resistance, time frames, swing trading, retracements, and i also like to trade on high timeframes 4H and above. The problem being Money Management, which i am weak on, and also i donot have a so called strategy. I trade setups that i see, and this sometimes make me trade more then required. So i think i need a fair and easy strategy where i can work on money management and then move ahead. Have been trying this model a few times, it does work sometimes, but one really needs to see...
If you have not read all of Big E posts, then go to his other thread and read how about the Synergy system.

https://www.forexfactory.com/showthr...95#post4097195
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,555
  • Aug 22, 2017 3:22am Aug 22, 2017 3:22am
EURUSD Yesterday was a nice D1 Inside Bar trendline break H1 trade.
Friday was a Inside Bar D1 candle.


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 34 H1 DIB TL break.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,556
  • Aug 22, 2017 5:28am Aug 22, 2017 5:28am
Quoting emmanuel7788
{quote} Use the retracement to build positions in the market. Get an overall better average entry price. Read these old post and make your own notes. Money Management Big E on using multiple entries in the CHS thread Post#2622 , Post#2629 , Post#2771 and Post#2912...

Emm, thank you for these links. I'm testing out the MEME MM method in your "Using Multiple Lot Positions To Improve in TMS-II " document on AUDCAD at the moment.
Do you have a similar method document for the MEME MM method that you have discussed recently for EURUSD on pull back to get a better average entry? I see that in post https://www.forexfactory.com/showthr...9#post10200339 you stated that you still made money even though the tree entries resulted in -16.9 pips. Obviously position sizing, but do you have a rule such as MEME1 0.1 lots, MEME2 0.2 and MEME3 0.3 at different positions from multiples of ATR(H4).
  • #81,557
  • Aug 22, 2017 1:32pm Aug 22, 2017 1:32pm
Like this H4 setup on UJ

TP1: 110,8 (130 pips)
TP2: 112 (250 pips)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 82 KB
- If you plant corn, you get corn
  • #81,558
  • Aug 22, 2017 3:39pm Aug 22, 2017 3:39pm
Which indicator are you using in the upper right side for the panel?
  • #81,559
  • Aug 22, 2017 3:48pm Aug 22, 2017 3:48pm
Quoting rcbarlow
Which indicator are you using in the upper right side for the panel?
http://forex-indicators.net/mt4-indi...nel_indicators
- If you plant corn, you get corn
  • #81,560
  • Aug 22, 2017 4:17pm Aug 22, 2017 4:17pm
Thank you.
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