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Trading Made Simple

  • #88,161
  • Edited 6:38am Jul 5, 2018 6:10am | Edited 6:38am
GBPNZD maybe move up.
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  • #88,162
  • Jul 5, 2018 6:14am Jul 5, 2018 6:14am
Quoting DJsignals
Short EURAUD {image}

Well done. good trade.

That is a good reversal trade.

"How to Spot a True Reversal(Checklist)" pdf click to download from the old thread where Big E started trading as a newbie.

You just need to adapt what described in the pdf to your TMS 5-Method trading chart template.
The same clock face angle 12-2 and 4-6 are use fo bullish and bearish reversal.

Anyone with problem to understand and apply that checklist can always posts and ask questions. I am here to share and help you.

Have Fun, the learning never ends.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,163
  • Jul 5, 2018 6:32am Jul 5, 2018 6:32am
Quoting DJsignals
Long EURNZD {image}
Im out.
  • #88,164
  • Jul 5, 2018 6:33am Jul 5, 2018 6:33am
Quoting emmanuel7788
{quote} Well done. good trade. That is a good reversal trade. "How to Spot a True Reversal(Checklist)" pdf click to download from the old thread where Big E started trading as a newbie. You just need to adapt what described in the pdf to your TMS 5-Method trading chart template. The same clock face angle 12-2 and 4-6 are use fo bullish and bearish reversal. Anyone with problem to understand and apply that checklist can always posts and...
Thanks for the checklist, im going to study it.
  • #88,165
  • Jul 5, 2018 6:55am Jul 5, 2018 6:55am
Quoting DJsignals
GBPNZD maybe move up. {image}
3 Bar Swing Low.

Just for anyone dont know it.

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  • #88,166
  • Jul 5, 2018 6:58am Jul 5, 2018 6:58am
Quoting DJsignals
{quote} 3 Bar Swing Low. Just for anyone dont know it. {image}

For a true swing low, the bar 3 must close higher than the high of bar 1.

this will show there is bullish momentum in price bar 3.

Edit. latest example with GBPJPY H4 below.
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,167
  • Jul 5, 2018 7:12am Jul 5, 2018 7:12am
Quoting emmanuel7788
{quote} For a true swing low, the bar 3 must close higher than the high of bar 1. this will show there is bullish momentum in price bar 3. Edit. latest example with GBPJPY H4 below. {image}
This is true if just using real candle.

If using APB, 3 bar Swing is different scenario.
If APB #3 exceed APB #2 so it called 3 bar swing.
  • #88,168
  • Jul 5, 2018 7:14am Jul 5, 2018 7:14am
Example of a 2 bar reversal

note that that is NOT a 3 bar swing low reversal.

If you want to scalp like Big E, this is one way to pick the best setups.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Jul 05 2 bar reversal.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,169
  • Jul 5, 2018 7:20am Jul 5, 2018 7:20am
Quoting emmanuel7788
Example of a 2 bar reversal note that that is NOT a 3 bar swing low reversal. If you want to scalp like Big E, this is one way to pick the best setups. {image}
again about 3 bar swing, in my picture is price action using APB.

And it is correct according to video course of DM.
  • #88,170
  • Jul 5, 2018 7:22am Jul 5, 2018 7:22am
Quoting DJsignals
{quote} This is true if just using real candle. If using APB, 3 bar Swing is different scenario. If APB #3 exceed APB #2 so it called 3 bar swing.

We trade Price Action with the real price therefore we only look at either the Price Bar chart or Japanese candlestick.
However, sine we also use the APB/HA candle in the 5-Method, I look at the Bar Chart with the APB/HA in the background.

The GBPJPY is a good example as I got the TMS Monitor alert when the last H4 closed using the PAC setup.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY H4 3bar swing lowwith APBHA.png Size: 46 KB


Question was asked before.
Can we trade the 5-Method without any indicators? The answer was YES by Big E.

Anyone can find me the post where mentioned this....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,171
  • Jul 5, 2018 7:32am Jul 5, 2018 7:32am
Quoting DJsignals
{quote} again about 3 bar swing, in my picture is price action using APB. And it is correct according to video course of DM.

Yes, That is also correct in certain situation seen with the APB/HA candles.

Example below,

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD H4 3bar swing low with PAC.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,172
  • Jul 5, 2018 7:43am Jul 5, 2018 7:43am
Quoting emmanuel7788
{quote} We trade Price Action with the real price therefore we only look at either the Price Bar chart or Japanese candlestick. However, sine we also use the APB/HA candle in the 5-Method, I look at the Bar Chart with the APB/HA in the background. The GBPJPY is a good example as I got the TMS Monitor alert when the last H4 closed using the PAC setup. {image} Question was asked before. Can we trade the 5-Method without any indicators? The answer was YES by Big E. Anyone can find me the post where mentioned this....
For me, since i used APB, i dont pay attention anymore on real candle, pure only APB price action like i mentioned above.
  • #88,173
  • Jul 5, 2018 7:47am Jul 5, 2018 7:47am
Quoting emmanuel7788
{quote} Yes, That is also correct in certain situation seen with the APB/HA candles. Example below, {image}
Yup, exactly like i mentioned above, about 3 bar swing APB.
Exactly like DM mentioned on video course
  • #88,174
  • Jul 5, 2018 8:00am Jul 5, 2018 8:00am
[quote=emmanuel7788;11232170]{quote} We trade Price Action with the real price therefore we only look at either the Price Bar chart or Japanese candlestick. However, sine we also use the APB/HA candle in the 5-Method, I look at the Bar Chart with the APB/HA in the background. The GBPJPY is a good example as I got the TMS Monitor alert when the last H4 closed using the PAC setup. {image} Question was asked before. Can we trade the 5-Method without any indicators? The answer was YES by Big E. Anyone can find me the post where mentioned this....[/quote
Post 2,617
  • #88,175
  • Jul 5, 2018 8:27am Jul 5, 2018 8:27am
Quoting emmanuel7788
Can we trade the 5-Method without any indicators? The answer was YES by Big E. Anyone can find me the post where mentioned this....
LOL maybe this is what are you looking for.
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  • #88,176
  • Jul 5, 2018 8:32am Jul 5, 2018 8:32am
Quoting DJsignals
GBPNZD maybe move up. {image}
My stop taken.
Minus 56 pips.

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  • #88,177
  • Jul 5, 2018 5:22pm Jul 5, 2018 5:22pm
Quoting DJsignals
{quote} LOL maybe this is what are you looking for. {image}
Quoting eelfranz
Johnami, I have the ADR Calculator and it's a fantistic tool... practically points out where PA will go... When I started cleaning up my charts to simplify them... My ADR. 50 ema, 100 ema, 200 ema, lines and what ever else... had to go. Now the 5 ema & TDI is all I need to be very successful. But I love the indicator and it made me a lot of pips... I just don't need it now... next step is to delete the chart or the TDI... hummm
That's a good post.

I love my ADR too and use that for my MEME trading to build position. I will not remove that from my trading.

But when he said either delete the chart or the TDI,

well, which one is easier to delete?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,178
  • Jul 5, 2018 5:33pm Jul 5, 2018 5:33pm
Quoting Tekkies
Quoting emmanuel7788
{quote} We trade Price Action with the real price therefore we only look at either the Price Bar chart or Japanese candlestick. However, sine we also use the APB/HA candle in the 5-Method, I look at the Bar Chart with the APB/HA in the background. The GBPJPY is a good example as I got the TMS Monitor alert when the last H4 closed using the PAC setup. {image} Question was asked before. Can we trade the 5-Method without any indicators? The answer was YES by Big E. Anyone can find me the post where mentioned this....[/quote
...
Post 2617 - What lessons did we learn from this?

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Can we all now start trading simple without the TDI? YES or No?
Let me see how many YES (or use the Like button) and we can keep this thread going.

We can still leave the TDI on our charts when we post but remark what we see as the price action and where the support and resistance are at the time we took the trades. This is the way we all learn from each other and become better TMS traders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,179
  • Jul 5, 2018 5:50pm Jul 5, 2018 5:50pm
Learn from old charts.

If you do not look at the TDI and Stochastic, can you see the price action and why that trade was good?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,180
  • Jul 5, 2018 9:13pm Jul 5, 2018 9:13pm
Quoting emmanuel7788
{quote} {quote} That's a good post. I love my ADR too and use that for my MEME trading to build position. I will not remove that from my trading. But when he said either delete the chart or the TDI, well, which one is easier to delete?
eelfranz said "TDI is all I need to be very successful. But I love the indicator and it made me a lot of pips..."

He said, He love it, maybe he cant live without it, maybe he will not delete TDI.
and delete chart is impossible, how to trade without chart?
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