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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #87,281
  • May 15, 2018 7:39pm May 15, 2018 7:39pm
emmanuel7788
You could sell gold on the daily chart
And what do you think of buying USD/JPY in daily chart
  • #87,282
  • May 15, 2018 7:42pm May 15, 2018 7:42pm
emmanuel7788
You could sell gold on the daily chart
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  • #87,283
  • May 15, 2018 8:41pm May 15, 2018 8:41pm
Hi Emanuel

Whats settings of TDI are you using? Are you using default? 13,2,7.34 / Close Price/Simple/Simple ? Or did you changed something in settings for H4 trading? Thanks for answer
  • #87,284
  • May 16, 2018 1:20am May 16, 2018 1:20am
Quoting emmanuel7788
{quote} Staying in a trade for 2 H4 candles? what a joke is this when there are 29 H4 candles in one week.

Thats not a joke its the system of the OP. And one major reason why you unable to trade like BIG E till today. Btw. its very unrespectfull calling the op`s system a joke. But all know in relation to manners something big went wrong on you.

Its another point why your "big picture analzing" you learned from strat doesnt make sense here. Strat is trading trend longterm. Big E was scalping the 4 H chart with good momentum. You know the difference? Sure you know. But who cares, right? As long as enough newbies join your private club where they realy will learn one lesson about forex when they kill their first account following you.

However i undestand living in Singapore can be hard and everybody needs some bread and butter. So keep doing what you must do. Im out and dirty enough.


Peace.
Newbies be warned of emmanuel7788. Hes not true.
  • #87,285
  • May 16, 2018 1:56am May 16, 2018 1:56am
Quoting eelfranz
If your willing to monitor a 4hr chart... you will see how when green crosses red it arcs or wiggles above or below red (see white boxes on the chart). You can stay the trade until it crosses red and pull down 200-400 pips on the longer runs... {image}
Read Big E post 8449 above and pay attention to the details and in his training chart.

You can stay in the trade until the TDI cross in the opposite direction of the entry.

You don't have to trade 2 H4 candles when there is a trend you can maximise your profits by staying in the trade or add-on more positions like I always do.

You don have to monitor your trade all the time. You can use a trade manager expert advisor like THV CaveManager or MPTM.
This way, it will free up your time and allow your to do what you love best in life. If you love trading, then you have a problem which is most likely you have an addiction to it.

If you want to scalp like Big E, then you jump in and out in 2 H4 candles. What if when he was not scalping?


Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,286
  • May 16, 2018 2:12am May 16, 2018 2:12am
Quoting Malony
{quote} Thats not a joke its the system of the OP. And one major reason why you unable to trade like BIG E till today. Btw. its very unrespectfull calling the op`s system a joke. But all know in relation to manners something big went wrong on you. Its another point why your "big picture analzing" you learned from strat doesnt make sense here. Strat is trading trend longterm. Big E was scalping the 4 H chart with good momentum. You know the difference? Sure you know. But who cares, right? As long as enough newbies join your private club where they...

Trading Made Simple is the 5-Method and it is not a system. Get this right!

I don't trade like Big E because I don't treat my money like money I would take to Las Vegas (Post#557). Big E risk 15% to 30% of his trading account and trade 2 to4 standard lots per trade at $10 per pip. That is his reason why he exit his trades when price pulls back 15 to 20 pips . The financial damage damage 15 to 20 pips at $10 per pips with 4 standard lots is huge.

I trade using %Risk of my trading capital and I use initial Stop Loss and do my trade Position Sizing. I prefer to trade with smaller lots and build up my positions in the market to get an overall better average entry price. I like to gradually add-on more positions with banked-in profits (risk free trades), it is like re-investing my profits to make more money.

Top down analysis and having a Big Picture of the market has nothing to do with strat. It is taught by many trading coaches and schools. With one Big Picture, I can trade short term trade 4H swing on H4 charts and longer term also Position trading on Daily and Weekly charts. This is the beauty of the 5-Method which enables us to trade in all different timeframes and you can do it better after you have done you own top down analysis and form a Big Picture.

If you think you can trade without doing any top down analysis, then good for you and good luck because you need it more.

Be patient, lots more post will follow as I will continue to spam as invited to....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,287
  • May 16, 2018 2:15am May 16, 2018 2:15am
Quoting eelfranz
I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time. My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all trades at that...
Big E said : "Even if I scalp the market I use 4hr charts with success.... "

What did he trade when he was not scalping the 2 H4 candles? make an educated guess.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,288
  • May 16, 2018 2:18am May 16, 2018 2:18am
EURGBP May 16 London Open M15

Counter trend trades are riskier...

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also USDJPY
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,289
  • May 16, 2018 2:21am May 16, 2018 2:21am
GBPUSD May 16 LO M15

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looking for D1 continuation
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,290
  • May 16, 2018 2:23am May 16, 2018 2:23am
Another CT trade

NZDUSD May 16 M15 LO

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,291
  • May 16, 2018 2:29am May 16, 2018 2:29am
Quoting eelfranz
So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY. ... Big E

this last post by the OP is a good reminder that you must read the thread and not just the first 2 pages.
The OP made 463 posts in this thread and if you read every post and follow each one, it will lead you in the right direction and back to where the 5-Method started.

I read and re-read every of his posts more than 10 times in the past 6 years. That should explain why I am good at trading the 5-Method. It is second nature to me.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,292
  • May 16, 2018 3:22am May 16, 2018 3:22am
Quoting emmanuel7788
{quote} this last post by the OP is a good reminder that you must read the thread and not just the first 2 pages. The OP made 463 posts in this thread and if you read every post and follow each one, it will lead you in the right direction and back to where the 5-Method started. I read and re-read every of his posts more than 10 times in the past 6 years. That should explain why I am good at trading the 5-Method. It is second nature to me.
If you say so emmanuel
Attached Image
  • #87,293
  • May 16, 2018 4:55am May 16, 2018 4:55am
Quoting emmanuel7788
EURGBP May 16 London Open M15 Counter trend trades are riskier... {image} also USDJPY {image}
EG like nearly all other EUR pairs are trending down. Why do you even look for BUY signals here?
  • #87,294
  • May 16, 2018 5:39am May 16, 2018 5:39am
Quoting emmanuel7788
{quote} I asked myself this questions many years ago. what would happen to this method when FXDD closes shop one day? will this method stop working. did Big E say anything that we cannot trade with other brokers? NO.
Thank you very much for your reply.
I think I need to learn BigE's method in FXDD first.
and then try it to change to other system.

do you know how to avoid the ranging market?
in one of examples (as I mark pink line),
I think that is followed by BigE's method.
I always can't get the right way to trade it.

Thank you very much again.
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  • #87,295
  • May 16, 2018 6:18am May 16, 2018 6:18am
Quoting lddd
{quote} EG like nearly all other EUR pairs are trending down. Why do you even look for BUY signals here?

poay attention when you read my post...I did say:

"London Open M15 Counter trend trades are riskier..."

when you trade very short term like H1 and M15, you can trade both ways, buy and sell in the same day, sometimes even in the same market session when price makes swing high and swing low.
You need to look at the short term support and resistance.
In the case of EURGBP, the Asian low was acting as support and a 50% retracement of the last major swing would have given a 2xR trade.

Attached Image (click to enlarge)
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when a Plan A trade counter trend trade fails, then you must be ready for a Plan B trade back following the dominant trend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,296
  • May 16, 2018 6:45am May 16, 2018 6:45am
Quoting javcforex
{quote} Thank you very much for your reply. I think I need to learn BigE's method in FXDD first. and then try it to change to other system. do you know how to avoid the ranging market? in one of examples (as I mark pink line), I think that is followed by BigE's method. I always can't get the right way to trade it. Thank you very much again. {image}
What is FXDD server time?
Did FXDD server time changed with the last daylight saving DST?
If DST changed, how will that affect the H4 candle?

I wont change 'system' just because of broker and their server time difference. I develop my 4H swing trading with any broker no matter what their server time is.

Question: do you know how to avoid the ranging market?

Answer: yes, of course I do and I have my own approach to determine the market conditions to trade in.

Instead of looking at old chart posted by Big E, let's use a more current up to date pair. Look at Post#87,224 USDCHF.

The trend ended as I see on the Weekly timeframe and the market is ranging now.
First look at the Weekly when last week closed and this week opened, the market has not closed above Week 18 High.


USDCHF Weekly:

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USDCHF Daily:
Then look at the Daily. Can you see on the Daily the market is ranging for few days?
What do I use to see the ranging market?
Can you recognize the Master Candle [3]?
I would not take any TDI cross signal as a trade when the market is in narrow range with that MC[3].

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,297
  • May 16, 2018 7:15am May 16, 2018 7:15am
Quoting skyler
Hi Emanuel Whats settings of TDI are you using? Are you using default? 13,2,7.34 / Close Price/Simple/Simple ? Or did you changed something in settings for H4 trading? Thanks for answer

I change that years ago and use the same default setting as the Synergy Pro TDI

10,5,34,3,1,7

with the price type setting change to '5' Typical Price instead of the '2' Close Price.

I no longer look at the TDI angle 12-2 and 4-6. These clock face angle is obsolete when I look at the real price action and look at the momentum.

My reason for this change is this post#9866 and to make more pips what the OP said.

https://www.forexfactory.com/showthr...43#post4867843
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,298
  • May 16, 2018 7:19am May 16, 2018 7:19am
Quoting lahcenFX
emmanuel7788 You could sell gold on the daily chart And what do you think of buying USD/JPY in daily chart

Not selling Gold. Will buy more of the metal when the price is better.
I don't trade Gold the way I trade forex pairs.
I buy Gold as investment.

USDJPY still in buy mode.

Longer term targets above on Weekly. Buy the dips....in an uptrend.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,299
  • May 16, 2018 2:13pm May 16, 2018 2:13pm
On the subject of Synergy and TDI indicators, where are the links for the current versions, I'm currently using the early ones as I read through this site, cheers. ,
  • #87,300
  • May 16, 2018 7:04pm May 16, 2018 7:04pm
How to catch a falling knife?

First, you need to know what is a 'falling knife' pair in forex.

Second, how to and what to do to identify a 'falling knife' is in forex pairs.

Third, develop your trading skills using TMS 5-Method.

Use keyword search example below:

..only 37 posts going back to 2011 when some of you have not event started with forex trading.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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