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Trading Made Simple

  • #94,821
  • Mar 18, 2019 6:15pm Mar 18, 2019 6:15pm
Quoting mi5mi6
{quote} Hi Emmanuel, I'm not clear about this statement, " Follow H4 PA higher high higher lows and make small entries in M15/M5". Am i suppose to wait for eg: 2 H4 "Bull" candle, then look for M15 say BUEB to enter the trade? But isn't it a little too late then? I was thinking in the line of, previous W1 Up, Daily still above 5ema and last 2 candle low, when monday open, i enter long or wait for some pullback then long.
" Follow H4 PA higher high higher lows and make small entries in M15/M5". Am i suppose to wait for eg: 2 H4 "Bull" candle, then look for M15 say BUEB to enter the trade?

when you are confident the W1 and D1 are trending in the same direction, then a H4 APB#1 and APB#2 candle entry is possible without even looking at M15/M5.
not necessarily must be a BUEB bar pattern. the BUEB/BUOB bar pattern with higher CLOSE will produce the RSI green line angle showing the momentum.

But isn't it a little too late then?

Its never too late for entry. It is about the best price and the Position Sizing.

I was thinking in the line of, previous W1 Up, Daily still above 5ema and last 2 candle low, when monday open, i enter long or wait for some pullback then long.

Post a chart showing such condition and I will try explain how I trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,822
  • Mar 18, 2019 6:35pm Mar 18, 2019 6:35pm
Quoting emmanuel7788
{quote} the RSI expert John Hayden says there is MDRP. I only can see divergence on your H4.
Apologies, I do not know what the acronym means MDRP.
  • #94,823
  • Mar 18, 2019 6:35pm Mar 18, 2019 6:35pm
Quoting emmanuel7788
{quote} DE30 Week 12 Mar 18 to 22 Trade Plan Follow Weekly Price Action. Close above 5EMA. {image} Next week my trade plan is to continue buying using MEME but be careful with the Weekly High which can be resistance and caused some selling at that top. To reverse the Weekly trend, I need to see at least 2 bars. Watch the H4 price action Higher High Higher Low like we did the past weeks since Feb. Look for entries in M15. Still believe the target 11297 is withing reach and possible in coming few weeks. {image}

DE30 Mar 19 D1

yesterday was undecided , it went up then down and now a small D1 also an Inside Bar.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 12 Mar 19 D1 19-03-2019 07-31-04.png Size: 24 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,824
  • Mar 18, 2019 6:39pm Mar 18, 2019 6:39pm
Quoting asclepius67
{quote} Apologies, I do not know what the acronym means MDRP.

well, you have not read that RSI expert John Hayden book RSI:The Complete Guide.

MDRP= Momentum Discrepancy Reversal Point.

to trade TMS 5-Method effectively, it would help when we first learn how the RSI works in different market conditions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,825
  • Mar 18, 2019 7:02pm Mar 18, 2019 7:02pm
Quoting jmn5611
{quote}{quote} No sweat deltaone. No beef with you. I was just asking.
no offence taken, jmn5611. i´m german, i like direct speech. remains any question unanswered? if so, feel free to ask.
all the best
d1
fortis fortuna adiuvat
  • #94,826
  • Mar 19, 2019 12:34am Mar 19, 2019 12:34am
DE30 Mar 19 CONSOLIDATION BREAKOUT

Another boring Asian session with narrowing range trading and seen with a H4 Master Candle. This is now opportunity for breakout trading latter.

Pick the correct side of the breakout and make some money.

Attached Image (click to enlarge)
Click to Enlarge Name: De30 Mar 19 H4 Master Candle 19-03-2019 13-25-12.png Size: 100 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,827
  • Mar 19, 2019 2:43am Mar 19, 2019 2:43am
Quoting mi5mi6
{quote} Hi Emmanuel, I'm not clear about this statement, " Follow H4 PA higher high higher lows and make small entries in M15/M5". Am i suppose to wait for eg: 2 H4 "Bull" candle, then look for M15 say BUEB to enter the trade? But isn't it a little too late then? I was thinking in the line of, previous W1 Up, Daily still above 5ema and last 2 candle low, when monday open, i enter long or wait for some pullback then long.
Quoting emmanuel7788
{quote} " Follow H4 PA higher high higher lows and make small entries in M15/M5". Am i suppose to wait for eg: 2 H4 "Bull" candle, then look for M15 say BUEB to enter the trade? when you are confident the W1 and D1 are trending in the same direction, then a H4 APB#1 and APB#2 candle entry is possible without even looking at M15/M5. not necessarily must be a BUEB bar pattern. the BUEB/BUOB bar pattern with higher CLOSE will produce the RSI green line angle showing the momentum. But isn't it a little too late then? Its never too late for entry. It...

Example of a BUEB / BUOB with higher CLOSE

DE30 Mar 19 H1

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Mar 19 H1 BUEB BUOB 19-03-2019 15-36-42.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,828
  • Mar 19, 2019 6:07am Mar 19, 2019 6:07am
Quoting emmanuel7788
DE30 Mar 19 CONSOLIDATION BREAKOUT Another boring Asian session with narrowing range trading and seen with a H4 Master Candle. This is now opportunity for breakout trading latter. Pick the correct side of the breakout and make some money. {image}

DE30 Mar 19 Master Candle consolidation breakout

How many of you caught that breakout?

There were setups in M15, H1 and also H4.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Mar 19 LO+3 19-03-2019 19-02-25.png Size: 99 KB


Remember to thank the market for the profits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,829
  • Mar 19, 2019 8:00am Mar 19, 2019 8:00am
I was wondering - are still open to new members because i saw the first post was in 2011 - if you do, I would like to join
  • #94,830
  • Mar 19, 2019 11:19am Mar 19, 2019 11:19am
Hi Guys just checking back in again!

I am yet sitting on another losing trade, this trade was perfectly in line with Big E's trading rules. It was a short on the H4 USDCAD pair, it was the second bar after a bounce which is shown on the chart.

Again can any of the seniors give their opinion on why trade is now sitting at -35 pips. I checked daily time frame it is pointing down and also no H4 support in sight. Big E said a bounce on second candle is also fine to take.

Tekkies or some of the other seniors please let me know your thoughts!! chart is below.

Roni
Attached Image (click to enlarge)
Click to Enlarge Name: Capture99.PNG Size: 35 KB
  • #94,831
  • Mar 19, 2019 1:20pm Mar 19, 2019 1:20pm
EXHAUSTED with this method. Feel like giving up and finding another hobby lol.
  • #94,832
  • Mar 19, 2019 2:39pm Mar 19, 2019 2:39pm
Quoting Roni26
EXHAUSTED with this method. Feel like giving up and finding another hobby lol.
Stop loss and take profit are the key, not the entry point.
  • #94,833
  • Mar 19, 2019 4:27pm Mar 19, 2019 4:27pm
Quoting Roni26
Hi Guys just checking back in again! I am yet sitting on another losing trade, this trade was perfectly in line with Big E's trading rules. It was a short on the H4 USDCAD pair, it was the second bar after a bounce which is shown on the chart. Again can any of the seniors give their opinion on why trade is now sitting at -35 pips. I checked daily time frame it is pointing down and also no H4 support in sight. Big E said a bounce on second candle is also fine to take. Tekkies or some of the other seniors please let me know your thoughts!! chart is...
Me senior?
---------
That is not a bounce.
- TDI green cross red with green angle below 4
- On top of a support level.
Look at gold trend line (50EMA(not sure?)) >> Got three red candles (three attempts) that bounce against that trend line.
The bid / ask line show support level better. (Second Blue arrow point)
- Look at the second red bar wick.
Long and at bottom of candle (Buyers are trying to push price up.)
- Consolidation (candles are in a range between 1.3343x and 1.3301x)
Candles are overall small with long and short wick's both side. (market has no direction)
  • #94,834
  • Mar 19, 2019 6:11pm Mar 19, 2019 6:11pm
Quoting Tekkies
{quote} Me senior? --------- That is not a bounce. - TDI green cross red with green angle below 4 - On top of a support level. Look at gold trend line (50EMA(not sure?)) >> Got three red candles (three attempts) that bounce against that trend line. The bid / ask line show support level better. (Second Blue arrow point) - Look at the second red bar wick. Long and at bottom of candle (Buyers are trying to push price up.) - Consolidation (candles are in a range between 1.3343x and 1.3301x) Candles are overall small with...

Hi Tekkies,

Thank you for prompt response to the above.

I still feel like the trade was a bounce, becuase if you look after the initial cross the big red bar moved the tdi angle more to a 5 o'clock structure. Maybe I analysed wrong. As for the yellow trend line, that is a 200 ema, price bounced several times and was rejected from it but as you can see the first red big bar broke that line and closed below, that was another reason I entered. Had i not waited for price to break and close below that line and entered on the first bar i would have made 50-60pips profit. So i dont agree that entering on the second bar is also fine as this can cost you lots of pips.

Price was checked on the daily chart and it was pointing down on the TDI, as you said Tekkies, If i am trading the h4 i always check Daily chart for direction and if i trade H1 i wil only take a trade is h4 confirms direction.

Roni
  • #94,835
  • Mar 19, 2019 6:16pm Mar 19, 2019 6:16pm
Quoting Roni26
EXHAUSTED with this method. Feel like giving up and finding another hobby lol.
EXHAUSTED with this method ....REALLY?

It need both physical and mental conditioning to be in this business. This is not a hobby... this is serious business to make money.

You have not mastered One, Two and Three

Trading when W1 and D1 are both sideways and selling into a historical resistance turned support in H4 is the risk this week.

Keep It Simple has its limitations.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 12 Mar 20 H4 20-03-2019 07-17-11.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,836
  • Mar 19, 2019 6:36pm Mar 19, 2019 6:36pm
Quoting emmanuel7788
{quote} DE30 Mar 19 Master Candle consolidation breakout How many of you caught that breakout? There were setups in M15, H1 and also H4. {image} Remember to thank the market for the profits.
DE30 Mar 20

Yesterday breakout was great, made my money.

Today, I look for H1 REVERSAL candle for BUY. H4 PA is above its 5EMA by trading in lower range after European markets closed.
We need more liquidity to create the price action.
FOLLOW Price Action and the TDI will respond to the price.... TDI is lagging price.


Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Mar 20 Sydney 2H 20-03-2019 07-26-16.png Size: 109 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,837
  • Mar 19, 2019 7:30pm Mar 19, 2019 7:30pm
Quoting emmanuel7788
{quote} DE30 Mar 19 D1 yesterday was undecided , it went up then down and now a small D1 also an Inside Bar. {image}

DE30 Week 12 Mar 20

Those trading the D1 chart, yesterday was a good D1 Inside Bar breakout. Look at where it tested... that high ! Its that gray zone we marked weeks ago.

Our target 11927 above still in sight but not likely to happen today .. FEAR and GREED following the breakout.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 12 Mar 20 target 11927 20-03-2019 08-22-12.png Size: 27 KB


Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 12 Mar 20 W1 update 20-03-2019 08-27-46.png Size: 40 KB


Keep It Simple : Use the TMS template and FOLLOW PA, would lead you not lag you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,838
  • Mar 19, 2019 7:45pm Mar 19, 2019 7:45pm
Quoting emmanuel7788
{quote} EXHAUSTED with this method ....REALLY? It need both physical and mental conditioning to be in this business. This is not a hobby... this is serious business to make money. You have not mastered One, Two and Three Trading when W1 and D1 are both sideways and selling into a historical resistance turned support in H4 is...

So what support and resistance is most relevant when placing a trade? because support and resistance is all over the charts Emmanuel.
  • #94,839
  • Edited 8:41pm Mar 19, 2019 8:03pm | Edited 8:41pm
Quoting Roni26
{quote} So what support and resistance is most relevant when placing a trade? because support and resistance is all over the charts Emmanuel.

<because support and resistance is all over the charts>

when you use too many different ways to identify support and resistance on charts, the S&R will be all over the charts.
what shall you do?

Keep It Simple: Do it the SMART way.

1) Look at previous price action PPA, look at the previous swing highs and swing lows. Use TMS 5-Method chart template, you see the swings a lot easier.
2) Look at price... those BRN 00 and RN 50 levels.
3) Believe in the Power of 10EMA and follow that approach consistently in your top down analysis.
4) Support and Resistance is not a single price line, it is a price zone or area.
5) Understand the power of CONLFLUENCE where 1) 2) and 3) above meet.

Do you now know why Bog Big E had several chart templates and he consult other chart templates when he was not sure.
What other templates did he used? Read all his posts in FF and you will find the answer.

Do you have other chart templates which you would consult before taking a trade?


Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 12 Mar 20 H4 20-03-2019 07-17-11 update.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,840
  • Mar 19, 2019 8:59pm Mar 19, 2019 8:59pm
hello eelfranz

this is very old thread n one of most replied system

if its still active after all this time i guess ur still doing well

i like simple stuff so i post here

i enjoy reading much

so ive read a lot of pages

willing to learn more from u

take care
banging alphadudes wife
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