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Trading Made Simple

  • #92,641
  • Dec 21, 2018 12:53am Dec 21, 2018 12:53am
Quoting philstodd
{quote} AkronD I would really like to see these trades you are losing on so I can help you. I trade mainly 1 and 4 hour charts because of the pip drawdowns I have to take to wait for profit sometimes. Daily is too large for me but I use the daily timeframes to factor in levels with price action. Maybe on the weekends I will start posting pictures and full descriptions of my trades and why I took them. I think Big E was going on the notion people would fully understand price action when trading this method. That may be why he never really went into...
Thanks mate - still got a about an 1hr to go to LO. Will start to post (in demo only).

In reference to the PA comment from yourself and Tekkies - could not agree more. I think there is assumed knowledge for TMS to work, which probably comes with Time. Which makes this more difficult for people who are new / beginning the journey.

Thanks for your help guys.
  • #92,642
  • Dec 21, 2018 12:56am Dec 21, 2018 12:56am
Hi Emmanuel7788,
I have been read a lot of your thread and Big E ,I would like to receive more information from trading like you post if some one become member they will receive more information .Please let me know how iam going to do next ,I did study a lot from Big E ,Thank you for your kindness
  • #92,643
  • Dec 21, 2018 1:24am Dec 21, 2018 1:24am
Quoting AkronD
{quote} Thanks mate - still got a about an 1hr to go to LO. Will start to post (in demo only). In reference to the PA comment from yourself and Tekkies - could not agree more. I think there is assumed knowledge for TMS to work, which probably comes with Time. Which makes this more difficult for people who are new / beginning the journey. Thanks for your help guys.
Took a long trade on the GBP (although i realise there is announcement later in the evening).

Pros:
TDI crossover around the 50 mark
Yellow line, looks like up trend
Red line also looks like pointing up
EMAs seem to be well respected
Stochastic seems to be agreeance.

Cons:
A lower high was created at the prior high

Keen to get your feedback
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  • #92,644
  • Dec 21, 2018 1:44am Dec 21, 2018 1:44am
Quoting AkronD
{quote} Took a long trade on the GBP (although i realise there is announcement later in the evening). Pros: TDI crossover around the 50 mark Yellow line, looks like up trend Red line also looks like pointing up EMAs seem to be well respected Stochastic seems to be agreeance. Cons: A lower high was created at the prior high Keen to get your feedback {image}

Now why would you enter a buy trade?
That green dotted line (Buy line) clearly show a resistance level. Look how price tested that zone. How many candle's (Red and Blue) made short bar's and long wick's
Sure the angle of TDI green is above 2 (would go more for above 1), Stoch did confirm direction. Now how many other point's did you check off positively on Post#647?. Hope you have ticked S/R level with a minus.
Ignore the popcorn fight with a member. Do you have such a checklist somewhere? Post 84,947
  • #92,645
  • Dec 21, 2018 1:50am Dec 21, 2018 1:50am
Quoting Tekkies
{quote} Now why would you enter a buy trade? That green dotted line (Buy line) clearly show a resistance level. Look how price tested that zone. How many candle's (Red and Blue) made short bar's and long wick's Sure the angle of TDI green is above 2 (would go more for above 1), Stoch did confirm direction. Now how many other point's did you check off positively on Post#647?. Hope you have ticked S/R level with a minus. Ignore the...
The Green Dotted line is the entry - but yes your point remains valid when you look to the left.

Thanks Tekkies.
  • #92,646
  • Dec 21, 2018 2:25am Dec 21, 2018 2:25am
Quoting AkronD
{quote} The Green Dotted line is the entry - but yes your point remains valid when you look to the left. Thanks Tekkies.
Quick update: Hit the TP for +21 pips.

That i

That is a nice checklist tekkies - i will incorporate for the next trades.

As a matter of clarification - In the picture: "Tweak" means bounce?
  • #92,647
  • Dec 21, 2018 3:07am Dec 21, 2018 3:07am
Quoting AkronD
{quote} Quick update: Hit the TP for +21 pips. That i That is a nice checklist tekkies - i will incorporate for the next trades. As a matter of clarification - In the picture: "Tweak" means bounce?
No.

  1. 2.
    INFORMAL
    improve (a mechanism or system) by making fine adjustments to it.
    "engineers tweak the car's operating systems during the race"
    synonyms:adjust, make adjustments to, modify, alter, make alterations to, change, adapt;More

  1. 2.
    INFORMAL
    a fine adjustment to a mechanism or system.
    "no tweaks were required"

  • #92,648
  • Dec 21, 2018 8:42am Dec 21, 2018 8:42am
For beginners, the heiken ashi candles allow you to see price action more clearly. You will be able to see price levels and trends a lot easier. You will also be able to see dojis, pinbars, and engulfing bars a lot easier. Do yourself a favor and switch back and forth from the heiken to the regular chart and look at the similarities. This method will allow you to recognize price action more clearly than just looking at one chart only.
Make it as perfect as you can....
  • #92,649
  • Dec 21, 2018 12:15pm Dec 21, 2018 12:15pm
Just wanted to say thanks to Big E and regular members who update this thread.
I'm concluding my 1st year's trading (only 6 months).
Here is my result
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I only ever used Big E's methods with a twist to get this result.

I hope to survive many many more years as a trader & grow my account steadily but surely.
Good luck to those who are still trading this year and may 2019 be a prosperous year to all.
market is a device for transferring money from the impatient to the patient
  • #92,650
  • Dec 21, 2018 12:47pm Dec 21, 2018 12:47pm
Quoting bs4
Just wanted to say thanks to Big E and regular members who update this thread. I'm concluding my 1st year's trading (only 6 months). Here is my result {image} {image} I only ever used Big E's methods with a twist to get this result. I hope to survive many many more years as a trader & grow my account steadily but surely. Good luck to those who are still trading this year and may 2019 be a prosperous year to all.
Good results bs! Is it a real account?
  • #92,651
  • Edited 3:06pm Dec 21, 2018 1:37pm | Edited 3:06pm
yes, oanda's report for real $ account, base currency is CAD
market is a device for transferring money from the impatient to the patient
  • #92,652
  • Dec 21, 2018 6:59pm Dec 21, 2018 6:59pm
Quoting Roni26
Charts that Big E posted with live trades taken... Check support and resistance before trading? Hmmmm. Just my two cents. {image} {image} {image}

So much emphasis on checking for Support/Resistance levels but the charts I posted on the previous from Big E go against all rules set out.

Surprised no one has seen this and commented.
  • #92,653
  • Dec 21, 2018 8:49pm Dec 21, 2018 8:49pm
Hello Folks,

No trading this week as it is not the best weeks for trading as we approach the year end holiday season. Next week will be short trading week when the market closes early and also Christmas and Boxing Day.

I am enjoying my holidays travelling and sailing the South Island New Zealand.

Here is a sunset photo looking at the horizon to the Tasman Sea as we sail the Doubtful Sound.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,654
  • Dec 21, 2018 8:55pm Dec 21, 2018 8:55pm
Quoting Roni26
{quote} So much emphasis on checking for Support/Resistance levels but the charts I posted on the previous from Big E go against all rules set out. Surprised no one has seen this and commented.
Support/Resistance is just one of the ten things you need to learn and master when you want learn Trading Made Simple 5-Method like Big E.

Look again at those 3 charts you picked. They are about picking the reversals which shows good price momentum.

There is a pdf posted "How to Spot a True Reversal" in this thread which can help. If not, then read the old thread and what Big E talked about 'reversal' candles from the Natural Flow Forex system by Craig Harris.

https://www.forexfactory.com/showthr...2#post11232012
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,655
  • Dec 21, 2018 9:15pm Dec 21, 2018 9:15pm
Quoting AkronD
{quote} Quick update: Hit the TP for +21 pips. That i That is a nice checklist tekkies - i will incorporate for the next trades. As a matter of clarification - In the picture: "Tweak" means bounce?

I think Big E mentioned few times tweek in the TDI not tweak.

A tweek in the TDI Green is reaction to a change in price momentum. Simple price action will show you when the there is change in the price momentum.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,656
  • Edited 2:34am Dec 22, 2018 2:05am | Edited 2:34am
Quoting Roni26
{quote} So much emphasis on checking for Support/Resistance levels but the charts I posted on the previous from Big E go against all rules set out. Surprised no one has seen this and commented.
Roni
You made a statement. No problem with that.
Would it not simplify the matter have you taken the time to specify on every chart you posted where you see support and resistance. That would have made it possible for a member to respond to what you see and what BigE saw. (Which would not be correct either for that member is not BigE.)

Have you ever consider there is a fast difference between how you interpret a chart and how BigE interpret a chart. No two traders read a chart the same way.
----
Will do the first chart posted on how I see BigE used post#647 and S/R level
1. entered below Resistance / 5EMA
2. angle of green (bounce) below 5
3. just below level 50
4. 3 red bars going from small to big
5. no or very small wicks on top of bar
6. stoch confirm direction
7. do not know if this can be consolidation. If so then the entry was done on a break out of consolidation
8. distance between red and green
9. New York trading time or did he placed trade and went to sleep?
10. Closed the trade and took profit. Did not wait for green to go flat, check mark or hook over.
That you can say "against all rules set out" is beyond understanding.
Would suggest that if you really want to succeed with this method you download BigE full.pdf
- do a comprehensive study of BigE's post like this: Post 84,888
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  • #92,657
  • Dec 23, 2018 7:00pm Dec 23, 2018 7:00pm
Quoting Tekkies
{quote} Roni You made a statement. No problem with that. Would it not simplify the matter have you taken the time to specify on every chart you posted where you see support and resistance. That would have made it possible for a member to respond to what you see and what BigE saw. (Which would not be correct either for that member is not BigE.) Have you ever consider there is a fast difference between how you interpret a chart and how BigE interpret a chart. No two traders read a chart the same way. ---- Will do the first chart posted on how I see...
Tekkies if you look on my previous post I had outlined the charts with arrows pointing to the zones I was in question of.
I appreciation your response and i can confirm everything you see, however I only asked why on those charts trades were placed at clear support/resistance areas. But never mind.
  • #92,658
  • Dec 23, 2018 9:25pm Dec 23, 2018 9:25pm
Quoting Roni26
{quote} Tekkies if you look on my previous post I had outlined the charts with arrows pointing to the zones I was in question of. I appreciation your response and i can confirm everything you see, however I only asked why on those charts trades were placed at clear support/resistance areas. But never mind.
Roni
Please show the "asked" in this:
"Charts that Big E posted with live trades taken... Check support and resistance before trading? Hmmmm. Just my two cents."
---
Post 3 chart which is at best incomplete:
- Why did you cut off Stoch, horizontal scale?
- Omitted post nr from where you found them.
----
First chart: arrow point to where BigE exit trade.
Second chart: arrow show entery point, restancance on that chart 3 houers above entry point
Third chart: 4 hour chart. Where did he exactly entered a trade on that chart? Can you pin point the trade entered?
----------
  • #92,659
  • Dec 24, 2018 3:10pm Dec 24, 2018 3:10pm
Quoting emmanuel7788
Hello Folks, No trading this week as it is not the best weeks for trading as we approach the year end holiday season. Next week will be short trading week when the market closes early and also Christmas and Boxing Day. I am enjoying my holidays travelling and sailing the South Island New Zealand. Here is a sunset photo looking at the horizon to the Tasman Sea as we sail the Doubtful Sound. {image}
South Island is fantastic - we went for our honeymoon in the Winters.

Rented a car and drove all around.
  • #92,660
  • Dec 24, 2018 3:34pm Dec 24, 2018 3:34pm
Quoting AkronD
{quote} South Island is fantastic - we went for our honeymoon in the Winters. Rented a car and drove all around.
I was wondering if you guys had seen this with the TDI EA, I'm using the one from Big E in the Original Post. TDI Red Green.

I took profit on this trade: +21 pips - this question is to do with TDI repainting.

Before Image (Screenshot1):

* I Entered on this trade as i saw a nice bounce of a flat Green line.
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After Image (Screenshot2):

* The TDI looks different of how i entered - it now seems the bounce i saw earlier is gone
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I have been trying to understand the repainting of the indicator in this and various other forums - but this seems to be repainting
TDI in the past, i thought it would only be repainting the last closed bar.

Now to post an unsuccesful trade (-7.5 pips) -

Before Image (Screenshot 3):
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Can see a nice bounce, nice momentum.

After image (Screenshot 4):
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Looking at the second chart - i probably would not have entered the trade, as the TDI had crossed over and is now tweaking.

I'm sure there is a simple explanation - please help?

Thanks
Akron D
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