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Trading Made Simple

  • #86,061
  • Jan 29, 2018 4:25pm Jan 29, 2018 4:25pm
Maybe I am the one overcomplicating everything, but, when trading with PAC, how does one trade when H4 and Daily PAC signals are in disagreement?
GU and EU are in this configuration currently

Thanks for the feedback
D
  • #86,062
  • Jan 29, 2018 7:29pm Jan 29, 2018 7:29pm
Quoting The Cableguy
To determine a 5th wave end, the most common method is to take the fibs of waves 0-3 and extend them off of wave 4 end. Look for the 61.8% extension. It is also possible to zoom in on the wave structures in the 5th wave and using fibs or structure again, pinpoint the end of the 'v'th of the 5th. If wave 3 was extended, look for wave 5 to equal wave 1. Now, it's obvious to me that people doubt that reversal points can be plotted or charted to virtually the very pip. I've tried to show otherwise, but people don't want to listen. Before i go, let me...
You have no idea how much I would love to understand what you are explaining, but either I am really dumb or there is need for a bit more handholding. Is there a source to look into to at least appreciate and practice your EW approach to charts?
  • #86,063
  • Jan 29, 2018 7:41pm Jan 29, 2018 7:41pm
Quoting The Cableguy
{quote} I gave up my blog years ago Ken. As Div says, we now just post in 'Plan the Trade'
Awesome, thank you!
  • #86,064
  • Jan 29, 2018 8:00pm Jan 29, 2018 8:00pm
Quoting darko2010
{quote} You have no idea how much I would love to understand what you are explaining, but either I am really dumb or there is need for a bit more handholding. Is there a source to look into to at least appreciate and practice your EW approach to charts?
your not alone darko I only get the waves 1 threw 5 then its suppose to form a 123(or abc) correction but nothing is perfect that's why I said look for a 123 at end of trends
  • #86,065
  • Jan 30, 2018 7:10am Jan 30, 2018 7:10am
Will not much TMS talk here and even less from me.

Question - Am I Mad

I believe that a chart is like a trampoline that has heavy balls placed at areas of mass orders. ( orders and close trades ).
Each ball weights in relation to that amount of orders.
Then price action becomes a marble. It will roll towards the biggest dip on the trampoline chart and consumers these orders.
With weight released, the trampoline rises in this area so now the marble now has to search for and roll towards the next biggest dip on the chart.
And so on and so on.
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Trading thin liquidity at the boundary of the charts
  • #86,066
  • Jan 30, 2018 9:59am Jan 30, 2018 9:59am
[quote=RickM;10722350]Will not much TMS talk here and even less from me.

RickM,

My compliments on your phrasing "Price without intend will
always fall back to supply".

Permission to plagiarize please.

Best to you
Frank0
  • #86,067
  • Jan 31, 2018 10:04am Jan 31, 2018 10:04am
Feeling lucky to find this thread recently, gone through first 20 pages in 1 sitting. The strategy is so simple and promising that immediately started trading on demo and made $900 in just 3 days. What a gift from late BIG E (Rest in peace). Really sad to know that I didn't get a chance to talk to him. However his legacy his here, will read all his posts on this thread and learn maximum. This was aim of BIG E to help new traders.

Just checked recent 2-3 pages and it seems, thread is going somewhere else. My request to all members, can we keep it simple and post only related to genuine original method of Big E? I wish, some senior member (one of the buddies of BIG E) would continue the legacy of BIG E and keep answering new comers and explain with love as BIG E did.

Though Big E very well explained his method of trade, gave many examples, shared many charts, yet there would be lot of new additions, filters, indicators from other members and some of them would be helpful as well. 2869 pages, 86,000+ posts, almost impossible to dig and find gems. I wish someone had made a summary/index of this tread which will helpful to new traders.

In this method of trade, everything is easy; entry, exit. Hard thing is to find the setups. To be there at right pair at right time to catch the setup. Tried many TDI alerts method but nothing work perfectly. Initially limiting the pairs is very crucial to keep focus. Can we discuss here about 4H and daily entries to help each other that if we are on the same page? Brain storming creates new ideas.


Sorry for the long boring post, I am too much excited to start real trading with this Big E's approach.
.................
  • #86,068
  • Jan 31, 2018 10:10am Jan 31, 2018 10:10am
86000+ posts is a solid proof, how successful this system is. We all are eager to read success stories of members who changed their lives using this system.

If anyone has developed an alert system for setup (TDI Cross), or any dashboard which shows TDI crosses or any online site which shows data of "coming/expecting TDI crosses/bounces", would appreciate if you share here. I believe, this has been discussed earlier, sorry to ask again, what you guys concluded about finding the setups? Of-course best way is to keep looking at charts for hours and wait for the setup but for members, who have full time job, it will be difficult for them.
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  • #86,069
  • Jan 31, 2018 12:31pm Jan 31, 2018 12:31pm
Hello

@ Divergence

I tried to trade 123 on dax.
Overall I am in loss because too much loss. Only 2 big winners.
I see patterns 123 from everywhere lol

I must do wrong!

To understand, the best to open a trade: Wait break point 2 + pullback?
Attached Image


thank you
  • #86,070
  • Jan 31, 2018 12:45pm Jan 31, 2018 12:45pm
Quoting fleurdelys
Hello @ Divergence I tried to trade 123 on dax. Overall I am in loss because too much loss. Only 2 big winners. I see patterns 123 from everywhere lol I must do wrong! To understand, the best to open a trade: Wait break point 2 + pullback? {image} thank you
When price takes out point 2 you take pullback at point 3 candle not point 2
  • #86,071
  • Jan 31, 2018 7:45pm Jan 31, 2018 7:45pm
Quoting darko2010
{quote} You have no idea how much I would love to understand what you are explaining, but either I am really dumb or there is need for a bit more handholding. Is there a source to look into to at least appreciate and practice your EW approach to charts?
if you believe Big E when he said each swing moves 3 to 8 candles, then you will also believe each wave move 3 to 8 candles.
some swings/waves will have fewer candles and some swings/waves will have more than 12 to 15 candle, the ones usually some call the impulse wave.

how to count the swing or the wave?

look up the work of Robert Prechter.

or you can go back to May 2013, the post#18,844 and start read the pdf by Jeffrey Kennedy.

Ultimate Technical Analysis Handbook:

https://www.forexfactory.com/showthr...82#post6662582

Best of Traders Classroom:
post#21,116
https://www.forexfactory.com/showthr...95#post6779095

Have fun, its only Feb 01 ... a new month and 11 months to go till year end.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,072
  • Jan 31, 2018 8:08pm Jan 31, 2018 8:08pm
Quoting darko2010
Maybe I am the one overcomplicating everything, but, when trading with PAC, how does one trade when H4 and Daily PAC signals are in disagreement? GU and EU are in this configuration currently Thanks for the feedback D
I would decide base on what I see in the Price Action and Support/Resistance and also the bigger picture of the Weekly and Monthly. Follow the Weekly and you can eliminate one or the other. It is month end and we are shadow trading the MN candle.
Do you SWOT analysis of both. Why not split your %risk and take both trades?

SWOT = Strength, Weakness, Opportunity and Threat.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,073
  • Jan 31, 2018 11:02pm Jan 31, 2018 11:02pm
Trading results this week so far so good, hope you all TMS getting to your goal sooner or later , just keep it up
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I Have Learned to Take Some Losses to Make Profits
  • #86,074
  • Feb 1, 2018 12:13am Feb 1, 2018 12:13am
Quoting TheScorpS
Trading results this week so far so good, hope you all TMS getting to your goal sooner or later , just keep it up {image}
Hello Dear,

These were your manual trades or by EA?
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  • #86,075
  • Feb 1, 2018 4:02am Feb 1, 2018 4:02am
Quoting KashifNawaz
{quote} Hello Dear, These were your manual trades or by EA?
Manual trading where lots of preparation and caution is taken before placing a trade
I Have Learned to Take Some Losses to Make Profits
  • #86,076
  • Feb 1, 2018 4:15am Feb 1, 2018 4:15am
Quoting thescorps
{quote} manual trading where lots of preparation and caution is taken before placing a trade

hi folks, could someone please tell me what are the three amigos please ????????
  • #86,077
  • Feb 1, 2018 4:19am Feb 1, 2018 4:19am
Quoting Dingoman-two
{quote} hi folks, could someone please tell me what are the three amigos please ????????
EU, GU, AU
Risiko birgt immer auch die Chance.
  • #86,078
  • Feb 1, 2018 7:27am Feb 1, 2018 7:27am
SWOT.... the marketing crew of FXPOD seems very creative when it comes to professionell sounding shortcuts for old analyzing technics. Sure some bloody noobs will get hooked. Too bad it has nothing to do with the system of the thread.


Newbies be warned of emmanuel7788. Hes not true.
  • #86,079
  • Feb 1, 2018 7:53am Feb 1, 2018 7:53am
Quoting Malony
SWOT.... the marketing crew of FXPOD seems very creative when it comes to professionell sounding shortcuts for old analyzing technics. Sure some bloody noobs will get hooked. Too bad it has nothing to do with the system of the thread.

SWOT-- old and stable-- like candlesticks or charts ;-)

Good to use in many situations, also in trading.
Know ya skills.
Risiko birgt immer auch die Chance.
  • #86,080
  • Feb 1, 2018 8:13am Feb 1, 2018 8:13am
I'm sure I'm not the only one who thinks that this thread doesn't represent an accurate search result for its title.

Why? Because there is nothing simple about it.

Since the owner died, it doesn't appear to moderated and I think it has wandered off topic (ahem!).

Maybe it should be called the advanced TMS thread?

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If you think I am wrong, simply ignore what I have written.
'in less than half an hour he made over 100 ticks'
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