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Trading Made Simple

  • #86,901
  • Apr 27, 2018 6:33am Apr 27, 2018 6:33am
Quoting Tekkies
{quote} Close order!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,902
  • Apr 27, 2018 7:10am Apr 27, 2018 7:10am
#121
Note the last 20 candles (PA) are pretty flat with some movement.
You took the trade close to the TDI 32 line which is about the bottom. However I've seen trades
taken short on the 32 line go 100 pips profit... Just be aware how close you are to the 68 & 32 line and pay close attention.
The TDI and Stochs are giving opposite signals...
Also pay attention to the left on the TDI for tops and bottoms... there pretty accurate for reversals...

Attached Image
  • #86,903
  • Apr 27, 2018 7:50am Apr 27, 2018 7:50am
Quoting Tekkies
#121 Note the last 20 candles (PA) are pretty flat with some movement. You took the trade close to the TDI 32 line which is about the bottom. However I've seen trades taken short on the 32 line go 100 pips profit... Just be aware how close you are to the 68 & 32 line and pay close attention. The TDI and Stochs are giving opposite signals... Also pay attention to the left on the TDI for tops and bottoms... there pretty accurate for reversals... {image}
So you opened first sell on big bearish candle, before it even closed, then you opened another one more or less the same after rejection from the Support becoming resistance now and engulfing the doji, also before candle closed but at this point, you just assumed that this kind of candle would cause a TDI Touch as TDI is only moving after candle close, am I right?

Regards,
Jimm
Building a Freedom All Time Return: 5,178.8%
  • #86,904
  • Apr 27, 2018 10:33am Apr 27, 2018 10:33am
Quoting J1mm
{quote} So you opened first sell on big bearish candle, before it even closed, then you opened another one more or less the same after rejection from the Support becoming resistance now and engulfing the doji, also before candle closed but at this point, you just assumed that this kind of candle would cause a TDI Touch as TDI is only moving after candle close, am I right? Regards, Jimm
None of that.
That photo show a cross at level 32
Post#121 is what BigE has posted about taking trade close to overbought / oversold.
The question mark ? is wondering should I take a order or not. (No I did not placed an order.)
----
Note: You want to analyse the order flow then use the correct post: Post 86,899
Attached Image
  • #86,905
  • Apr 27, 2018 7:48pm Apr 27, 2018 7:48pm
Learning to see price action will take time. If you are overwhelmed by the amount of information shared here, then I suggest that you take a long break and clear your mind.
It took me many years to learn and see things on my charts especially when I learn to do Multi-TimeFrame Analysis MTFA and be proficient to see on my trading chart timeframe what is happening on the higher timeframes.

Big E may not have posted anything on MTFA but he had 6,000 hours of prior experience and being a stock trader for many years before he started to trade forex, he knew what he was doing.

The way in which I learn is to see in the background the Weekly and Daily price candles (not the HA or APB) on the trading chart H4.

Remember the OHLC of the Weekly and Daily are also support and resistance levels in the lower timeframe. You don't special indicators for support and resistance and the support/resistance are not one single price line/level. Support/Resistance are price zones and look for CONFLUENCE with other S/R and also the price round numbers 50 and 00.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 18 W1 D1 and H4.png Size: 74 KB


Look at the chart above,

do you know how to identify Swing High and Swing Low is every different timeframes?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,906
  • Apr 27, 2018 8:08pm Apr 27, 2018 8:08pm
Look at EURAUD Weekly chart below and start think of and prepare your trade plan from next week.
It will range trading within that high-low range. And remember it is the April MN month end candle when NY Sunday open and Tuesday will start a new May MN price candle.

See there are 2 wide range bars/candles within the high-low range. Next week, your go to your TMS trading chart template and look for opportunities on H4.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 18 WRB.png Size: 41 KB


Note that the Average Weekly Range AWR 52 weeks for EA is about 250 pips (anything between 230 and 270).
In any ranging week, this pair can easily hit 40% of its AWR(52) weeks. Note where the reversals.

see the last 3 weeks,

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD AWR 52 weeks.png Size: 76 KB


Trading can be simple only when you have the knowledge and many years experience trading in live market conditions.
After 5 good years, you will no longer need the TDI for entry and exit. You will learn and trade with many entries and many exits to make great amout of pips in one price swing. But you need to know how to pick the swings and avoid long time duration of account drawdowns.
Drawdown management is simple - when you trade the 4H short swing, you exit all trades by Friday before NY session closes and there is only one exception to this simple rule. This simple rule for 4H short swing is based on the logic of 2Bars_Look_Back. You can be wrong in picking your trades but you can't be wrong with this simple 2Bars_Look_Back exit.




Good Trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,907
  • Apr 27, 2018 8:18pm Apr 27, 2018 8:18pm
Quoting Tekkies
#121 Note the last 20 candles (PA) are pretty flat with some movement. You took the trade close to the TDI 32 line which is about the bottom. However I've seen trades taken short on the 32 line go 100 pips profit... Just be aware how close you are to the 68 & 32 line and pay close attention. The TDI and Stochs are giving opposite signals... Also pay attention to the left on the TDI for tops and bottoms... there pretty accurate for reversals... {image}
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,908
  • Apr 27, 2018 10:15pm Apr 27, 2018 10:15pm
this looks like an awesome approach and nice and simple, before i start from page 1 and go through the thread i just wanted to know how this strategy is getting on in 2018 ? still profitable and consistant ?
  • #86,909
  • Apr 27, 2018 10:22pm Apr 27, 2018 10:22pm
Looks like a few people are questioning your authenticity again Emmanuel. Nothing changes much around here does it, I think you copped the same abuse on this thread 6 months after Big E passed away when you blatantly tried to treat it as your own. Personally I'm amazed you're still on the FF, a few of the old timers here a few years ago worked out that with all your winning trades and accumulated pips you would have been a billionaire years ago so how good of you to keep coming back for the good of new traders. You must have a heart like Mother Teresa.

You must be so humble, after all the requests over the years for you to either post a Myfxbook account or whatever they call it here on FF to verify your God like trading performance and knowledge you still decline the offer. That's obviously only because you are so brilliant and in the top .01% of world wide traders you don't want to discourage newbies with your billion dollar account. Who are you lunching with next week, Soros or Buffet? I'm so jealous. As you live in Australia I beg you to go give our Treasurer, Scott Morrison, a hand, our economy surely needs it and with your continued trading success I'm sure you could help every day Australians, the homeless and single Mums.

I didn't see your name included in the World Trading Championships last year, I'm sure that was either an oversight or you were just too busy here to bother with it, look, who cares, it's only the World Championship, let's hope you find time this year providing you're not too busy advising $200 account newbies, the latter is far more important.
Ardua Ad Astra Per
  • #86,910
  • Apr 28, 2018 12:07am Apr 28, 2018 12:07am
Quoting emmanuel7788
?
emm
fix this sentence short a woord or two
You don't special indicators for support and resistance and the support/resistance are not one single price line/level
  • #86,911
  • Apr 28, 2018 1:23am Apr 28, 2018 1:23am
@mistakesr

Best post in here since ages...


Let me add he made his billions with mt4. Thats absolute amazing isnt it?
Newbies be warned of emmanuel7788. Hes not true.
  • #86,912
  • Apr 28, 2018 1:42am Apr 28, 2018 1:42am
Quoting mistakesr
Looks like a few people are questioning your authenticity again Emmanuel. Nothing changes much around here does it, I think you copped the same abuse on this thread 6 months after Big E passed away when you blatantly tried to treat it as your own. Personally I'm amazed you're still on the FF, a few of the old timers here a few years ago worked out that with all your winning trades and accumulated pips you would have been a billionaire years ago so how good of you to keep coming back for the good of new traders. You must have a heart like Mother...

@ mistakesr

thank you, very good post indeed which I will reply later.

be patient.

have a good weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,913
  • Apr 28, 2018 1:49am Apr 28, 2018 1:49am
Quoting Malony
@mistakesr Best post in here since ages... Let me add he made his billions with mt4. Thats absolute amazing isnt it?

Folks,

here is an idiot Malony who does not trade TMS and obviously cannot trade at all.


know nothing about the retail spot forex market, nobody trade millions nor billions with M4 and not in the spot forex market.

this idiot only come to this thread and make negative comments and destroy the spirit of Big E thread i.e. to help each other in this thread.

@Malony, please to start posting charts and show us that you can actually trade and if you understand how to trade TME 5-Method. Or at lease show some respect to the late OP Big E and spread some positive energy in his thread and help the new traders learn to trade if you have any knowledge. Read post#1, that important to keep the positive spirit going and growing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,914
  • Apr 28, 2018 1:55am Apr 28, 2018 1:55am
Quoting Tekkies
{quote} emm fix this sentence short a woord or two You don't special indicators for support and resistance and the support/resistance are not one single price line/level
@Tekkies,

you do not need any special indicators to show you where support and resistance are on you trading charts.

use your brain, that is your third eye.

<quote>.. Just open your eyes, brain and pay attention ..<unquote>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,915
  • Apr 28, 2018 1:57am Apr 28, 2018 1:57am
Quoting emmanuel7788
{quote} Folks, here is an idiot Malony who does not trade TMS and obviously cannot trade at all. know nothing about the retail spot forex market, nobody trade millions nor billions with M4 and not in the spot forex market. this idiot only come to this thread and make negative comments and destroy the spirit of Big E thread i.e. to help each other in this thread. @Malony, please to start posting charts and show us that you can actually trade and if you understand how to trade TME 5-Method. Or at lease show some respect to the late OP Big E and spread...


You think all your lies and unrespectful behaviour are forgotten? Dream on. You will be watched till the end sucker.
Newbies be warned of emmanuel7788. Hes not true.
  • #86,916
  • Apr 28, 2018 2:33am Apr 28, 2018 2:33am
[quote=emmanuel7788;11007959]{quote} @Tekkies, you do not need any special indicators to show you where support and resistance are on you trading charts. use your [url="https://www.forexfactory.com/Price Action stuff: Profiting in Forex Post#20,118 by Steve Nison Three powerful forex pattern pdf... Post#20,110 Hikkake: Post#16,419 Inside Bar : Post#42,301 Mother Bar : Post#55,045 Master Candle : Post#28,556 pdf in Post#25,594 Master Candle (3): Post#54,546 WRB introduction in the pdf TMS 5-Method Basic Rules: Post#53,842 Wide Range Bar study: Post#54,551 Candlestick Patterns...[/quote]
If you say so emmanuel
You don't special indicators for support and resistance and the support/resistance are not one single price line/level

Just open your eyes, brain and pay attention ..
You don't need special indicators for support and resistance and the support/resistance are not one single price line/level
  • #86,917
  • Apr 28, 2018 2:55am Apr 28, 2018 2:55am
Quoting nigpig
{quote} I have just closed my MEME positions on EURAUD at resistance. {image}
Overall I had a good week and that makes a change! I'm concentrating on better top down analysis on fewer selected pairs. I'm using MEME on the D1 but still need to learn not to keep changing my decision about if a swing point has been hit, to reverse. Trading GBPJPY this week looks so simple in hindsight. But I kept changing my mind about whether it was a continuation long on 25,26 April. This is the one area I need to improve the most.

Attached Image (click to enlarge)
Click to Enlarge Name: TradesWE20180427.png Size: 16 KB
  • #86,918
  • Apr 28, 2018 3:02am Apr 28, 2018 3:02am
Quoting Malony
{quote} You think all your lies and unrespectful behaviour are forgotten? Dream on. You will be watched till the end sucker.

#Malony

You are an idiot in this thread.

Keep wasting your time here and continue to post nonsense and useless posts which has nothing trading related.
You ruin the spirit of discussion in what should be focus in sharing and helping others in their trading.
In doing all these, you show disrespect for the OP and his thread. Stop ruining his thread with your own agenda.
Start posting charts with trades and exaplin to others here how you trade and show us that you trade like the OP as he laid out in Posr#1.

Also explain us using charts how you interpret Post#647 when you see a TDI trade.

We are all here waiting for you to start posting trading related stuff. I will be here posting and reading too.... well at least until 2020. LOL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,919
  • Apr 28, 2018 3:11am Apr 28, 2018 3:11am
Quoting nigpig
{quote} Overall I had a good week and that makes a change! I'm concentrating on better top down analysis on fewer selected pairs. I'm using MEME on the D1 but still need to learn not to keep changing my decision about if a swing point has been hit, to reverse. Trading GBPJPY this week looks so simple in hindsight. But I kept changing my mind about whether it was a continuation long on 25,26 April. This is the one area I need to improve the most. {image}

@nigpig,

Good job, well done!

Obviously you have done your own study and the homework every weekend.
Doing your weekly top down analysis and forming a big Picture of the market is important when you want to trade the 4H short swing and also the D1 chart. Its even more important when you trade with MEME and have your trade plans ready. With a trade plan, you will know what to look for when market open next week and every day when you open your trading charts. With a trade plan, you are well prepared and ready to pull the trigger be that to execute the first trade or to add-on more positions.

more later, got to go now to a party tonight.

have fun folks,

keep the positive energy flowing
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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