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Trading Made Simple

  • #94,001
  • Feb 14, 2019 6:20pm Feb 14, 2019 6:20pm
DE30 Feb 14 H4 reversal candle setup

How to use lower timeframe M5 for entries. You need confidence which comes from your own chartist skills and your trading experience and

No need to Renko chart.

Keep It Simple: Stick to the use of TMS 5-Method template on all timeframes, look at basic Price Action to spot those Reversal Candles.

You can read all about the reversal candle in the old thread.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Feb 14 H4 setup M5 entries15-02-2019 08-08-41.png Size: 103 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,002
  • Feb 14, 2019 6:24pm Feb 14, 2019 6:24pm
Quoting emmanuel7788
DE30 Feb 14 H4 reversal candle setup How to use lower timeframe M5 for entries. You need confidence which comes from your own chartist skills and your trading experience and No need to Renko chart. Keep It Simple: Stick to the use of TMS 5-Method template on all timeframes, look at basic Price Action to spot those Reversal Candles. You can read all about the reversal candle in the old thread. {image}
WELL Played
  • #94,003
  • Feb 14, 2019 6:40pm Feb 14, 2019 6:40pm
USDJPY Feb 15 D1

Still early to sell on D1 but maybe lower timeframe may worth to take a look.


Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 07 Feb 15 D1 15-02-2019 08-36-41.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,004
  • Feb 15, 2019 2:39am Feb 15, 2019 2:39am
Some great moves this morning After my target was hit i was thinking to go short, but didn`t want to go greedy, so missed the good move...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPcadBuy.jpg Size: 302 KB
Price is the leader of the market crowd!
  • #94,005
  • Feb 16, 2019 3:13am Feb 16, 2019 3:13am
Quoting Koppel87
Some great moves this morning After my target was hit i was thinking to go short, but didn`t want to go greedy, so missed the good move... {image}

we have a M5 scalper.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,006
  • Feb 16, 2019 12:45pm Feb 16, 2019 12:45pm
Quoting emmanuel7788
{quote} we have a M5 scalper.
M5, M15, H1 are my favourite, i dont like to wait too long with my trades
Price is the leader of the market crowd!
  • #94,007
  • Feb 16, 2019 2:20pm Feb 16, 2019 2:20pm
Quoting Koppel87
{quote} M5, M15, H1 are my favourite, i dont like to wait too long with my trades
I guess you found what works well for you. You know when you are making money consistently and have the confidence.

I used to like trading M15 and H1 because I wanted to make fast money and I want to sleep soundly knowing I do not have open trades in the markets.

But now I am retired and I have plenty pf time to do many things and I decided to trade only D1 and W1 charts. I can hold my trades for days and weeks anything up to 4 weeks and still can sleep with peace of mind.

And Big E was a short term trader. He traded 2 to 3 candles on his H4 charts. ... 10PM, 2AM and 6AM candle times. That worked for him.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,008
  • Feb 16, 2019 3:19pm Feb 16, 2019 3:19pm
Quoting emmanuel7788
{quote} I used to like trading M15 and H1 because I wanted to make fast money

So you were like Tekkies eh..

Perhaps one day Tekkies will be like you
  • #94,009
  • Feb 16, 2019 3:41pm Feb 16, 2019 3:41pm
Quoting kain775
{quote} So you were like Tekkies eh.. Perhaps one day Tekkies will be like you
Common Kain, have mercy on me.
  • #94,010
  • Feb 16, 2019 4:30pm Feb 16, 2019 4:30pm
Quoting emmanuel7788
{quote} I guess you found what works well for you. You know when you are making money consistently and have the confidence. I used to like trading M15 and H1 because I wanted to make fast money and I want to sleep soundly knowing I do not have open trades in the markets. But now I am retired and I have plenty pf time to do many things and I decided to trade only D1 and W1 charts. I can hold my trades for days and weeks anything up to 4 weeks and still can sleep with peace of mind. And Big E was a short term trader. He traded 2 to 3 candles on his...
Yeah, i feel pretty confident now. We as traders are all different, I have learned that there is no wright or wrong in trading. What works on few, doesn`t work on others, because our personalities. i haven`t had a losing day for a while now , but i know it comes and i`m ready for it...this is trading. eveybody who achieved that, knows this meaning. Keep your losses small and let your winners run and yo see that trading is actually pretty easy though
Price is the leader of the market crowd!
  • #94,011
  • Feb 16, 2019 4:31pm Feb 16, 2019 4:31pm
Quoting Tekkies
{quote} Common Kain, have mercy on me.


  • #94,012
  • Feb 16, 2019 6:24pm Feb 16, 2019 6:24pm
Quoting kain775
{quote} So you were like Tekkies eh.. Perhaps one day Tekkies will be like you

Hi Kain,

You got it wrong when I said I trade M15 and H1 chart timeframes.

I traded M15 like LE1.
https://www.forexfactory.com/showthread.php?t=345586

and

H1 like X-Man.
https://www.forexfactory.com/showthread.php?t=327972

these are the two price action traders who were here when Big E was alive.

it is not M15H1 system nor method. LOL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,013
  • Feb 16, 2019 11:58pm Feb 16, 2019 11:58pm
Quoting emmanuel7788
{quote} it is not M15H1 system nor method. LOL.
Just love it.
https://www.forexfactory.com/showthread.php?t=345586
Another simple system - Time-Frame 15
It start with>: This strategy is based purely on price action.
Guess what?>: 5 Indicators get add to the chart.
Now that surely does not make sense. When the OP state "purely", there must be no indicator's what so ever on the chart. After-all Price Action does not require lagging indicators.

LoveEvery1 does give valuable advice:Post 8
I have been trading this method for over a yr now.i jumped from one system to another in my initial stage till i got mentored.just focus on one system and one setup first.after u have mastered that setup and practiced it well.it will be a cake walk.trust me all you have to do in this business is to wait wait wait till you master it..it doesnt come overnight..i have spent countless hours of charttime and have read everything i possibly can.
-----------
One more thing to the last post...newbies want to become rich very quicly so they dont want to break their head with too much information like emas/ RN /level momentum/slope of the MA's and stuff....but trust me once if u practice these things it will only take seconds for you to identify a good setup...

for all the brothers out there...forex is the easiest way to make tons of dollars if you knw what your doing....KNowing is only the first part....if you keep practicing...you will start FEELING the rhythm of the market in second...you will take if it tells you to or you will walk away...

https://www.forexfactory.com/showthread.php?t=327972
X-Man's Super Simple System
X-Man: Guys you do not need a whole bunch of indicators. The simplest of indicators can tell you what you need to know and thats it.
The rest is up to you to build your confidence to execute your trades
--------------------
Your statement: these are the two price action traders who were here when Big E was alive.

If those two were Price Action Trader's why do they use indicators?
  • #94,014
  • Feb 17, 2019 12:08am Feb 17, 2019 12:08am
Quoting emmanuel7788
{quote} Hi Kain, You got it wrong when I said I trade M15 and H1 chart timeframes. I traded M15 like LE1. https://www.forexfactory.com/showthread.php?t=345586 and H1 like X-Man. https://www.forexfactory.com/showthread.php?t=327972 these are the two price action traders who were here when Big E was alive. it is not M15H1 system nor method. LOL.

don't really "get" the pullback bar stuff on xmans thread

Le1's thread makes more sense to me, ...although i am wondering why he entered on this trade? https://www.forexfactory.com/showthr...04#post5455704

was he doing one of your wrb trades?
  • #94,015
  • Feb 17, 2019 5:41am Feb 17, 2019 5:41am
Quoting Tekkies
{quote} Just love it. https://www.forexfactory.com/showthread.php?t=345586 Another simple system - Time-Frame 15 It start with>: This strategy is based purely on price action. Guess what?>: 5 Indicators get add to the chart. Now that surely does not make sense. When the OP state "purely", there must be no indicator's what so ever on the chart. After-all Price Action does not require lagging indicators. LoveEvery1 does give valuable advice:Post 8 I have been...
Your statement: these are the two price action traders who were here when Big E was alive. If those two were Price Action Trader's why do they use indicators?

Obviously you have not even read the two threads from Post#1 till the end. you simply jumped to your own conclusion on the two words "Price Action".
If you had read the entire thread and the discussions therein your would have learn a few things about what price action they were talking about and how people traded with those few indicators and how many wean themselves off those indicators after 2 to 3 years.
You were not even in the skype groups back then.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,016
  • Edited 5:59am Feb 17, 2019 5:46am | Edited 5:59am
Quoting kain775
{quote} don't really "get" the pullback bar stuff on xmans thread Le1's thread makes more sense to me, ...although i am wondering why he entered on this trade? https://www.forexfactory.com/showthr...04#post5455704 was he doing one of your wrb trades?

No. At that time, the WRB was not even discussed in that group. We talked a lot about a few price bar patterns like the 'Arjun candle', Marubozu, Inside Bars, BUOB, BEOB, Pin Bars, etc. ... the few common ones.

That chart which LE1 posted price action at 10EMA and above 200EMA and the BRN. Lots of his trade examples in that thread.

Attached Image (click to enlarge)
Click to Enlarge Name: LE1 old post.png Size: 105 KB


The Pullback candle is also an important part of X-Man's H1 trading.

One of his example is in this post
https://www.forexfactory.com/showthr...61#post5177561

Attached Image (click to enlarge)
Click to Enlarge Name: X-Man old post PB.png Size: 563 KB


Note the price action and the reversal candle following the pullback.
Must learn to spot and trade those reversal candles in Big E old thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,017
  • Feb 17, 2019 6:41am Feb 17, 2019 6:41am
Quoting emmanuel7788
{quote} No. At that time, the WRB was not even discussed in that group. We talked a lot about a few price bar patterns like the 'Arjun candle', Marubozu, Inside Bars, BUOB, BEOB, Pin Bars, etc. ... the few common ones. That chart which LE1 posted price action at 10EMA and above 200EMA and the BRN. Lots of his trade examples in that thread. {image} The Pullback candle is also an important part of X-Man's H1 trading. One of his example is in this post https://www.forexfactory.com/showthr...61#post5177561 {image} Note the price...

the brn was above his entry.
if he was taking a trade off the 10ema then there is another red vertical line before his setup which looks like it may be a valid entry and that one almost failed.
personally, i've never had much faith in using the 10ema for s/r, it doesn't seem to work for me.


is this a wrb breakout trade?
https://www.forexfactory.com/showthr...06#post8094806
  • #94,018
  • Feb 17, 2019 7:38am Feb 17, 2019 7:38am
Quoting kain775
{quote} the brn was above his entry. if he was taking a trade off the 10ema then there is another red vertical line before his setup which looks like it may be a valid entry and that one almost failed. personally, i've never had much faith in using the 10ema for s/r, it doesn't seem to work for me. is this a wrb breakout trade? https://www.forexfactory.com/showthr...06#post8094806

TMS M15 we only trade London session

No. that was not a WRB breakout. WRB analysis was not discussed then in that thread.

It was a double inside bar DIB consolidation breakout.
Also can be taken as a TOK_5H range breakout trade entry.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,019
  • Feb 17, 2019 9:14am Feb 17, 2019 9:14am
I would like first to thank Emmanuel for his dedication in this thread. I would like to ask why big E took out the yellow band (200 MA) in the TDI. It has no use? I have seen other TDI with yellow band.
  • #94,020
  • Feb 17, 2019 9:41am Feb 17, 2019 9:41am
Quoting emmanuel7788
{quote} Your statement: these are the two price action traders who were here when Big E was alive. If those two were Price Action Trader's why do they use indicators? Obviously you have not even read the two threads from Post#1 till the end. you simply jumped to your own conclusion on the two words "Price Action". If you had read the entire thread and the discussions therein your would have learn a few things about what price action they were talking about and how people traded with those few indicators and how many wean themselves off those indicators...
No need to read the whole thread.
Price Action traders don't use indicators. Period.
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