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Trading Made Simple

  • #95,341
  • Apr 21, 2019 3:33am Apr 21, 2019 3:33am
Quoting figgsey
{quote} Thank you for taking the time to find this excellent information. It really makes for great reading. There is a wealth of good knowledge and experience here. We need an archivist or historian to collate all the best sources!
I agree. Someone should gather all that info and offer it in an organised way.
  • #95,342
  • Apr 21, 2019 3:59am Apr 21, 2019 3:59am
Quoting Tekkies
{quote} Did you read Post#1 right to the end? See post #25 on page 2 for indicators... Latest update: PAGE 11, Post # 156... thanks Cliff Another update by Numb3rs - 4/29 - Pg 48, post 713 UPDATE: See post #25 See post 14 & 15 for TDI & HA (APB) candles. #1 best 5 ma tdi.tpl ---- There is really no need to read all posts. Download BigE full.pdf which contain all of BigE's posting. Best advice is to study on your own. Use the search function for answer's...
This's a nice guiding post for a new comer. Thanks.
  • #95,343
  • Apr 21, 2019 5:34am Apr 21, 2019 5:34am
Quoting emmanuel7788
{quote} DE30 Week 16 trades closed Apr 18. This week no major event so no lotto wins but consistent profits trading once every 4 hours and/or when I have the time to check my trading computer. Not bad weekly cash-flow income this week for short 4 days work-at-home. {image}
Hi Emmanuel
I hope you have a nice weekend. Could you please spend for me some time to share a better view in your entry and exit of DE30 week16. Maybe some screenshot or anything like that on you entry timeframe, H4 I guess. It will help me to learn much from how your entry and exit and your MEME/building position.
Thank you.

Son Nguyen
  • #95,344
  • Apr 21, 2019 4:22pm Apr 21, 2019 4:22pm
Quoting hikaru259
{quote} Hi Emmanuel I hope you have a nice weekend. Could you please spend for me some time to share a better view in your entry and exit of DE30 week16. Maybe some screenshot or anything like that on you entry timeframe, H4 I guess. It will help me to learn much from how your entry and exit and your MEME/building position. Thank you. Son Nguyen
Hi hikaru259,

that would be easy just to drag and drop those trades from my terminal onto the chart.

but, did you know that the OP also traded with multiple entries?

how did he do that?

it in his old thread where he traded different methods/systems. Don;t let that thread thread mislead you into thinking that that thread was for Craig Harris Stcohastics Method. In that thread is where the OP also shared two of his own methods - The 21/233 Method and his 5-Method and he moved the discussions on his 5-method to this new thread. Reasons are well known in that old thread.


Read these posts:

Big E on using multiple entries in the CHS thread

Post#2622 , Post#2629 , Post#2771 and Post#2912 Post#2193

Once you understand this, you can adapt trading with multiple entries also to the 5-Method. Instead of trading his 10PM, 2AM candles and closing at 6AM, we can trade every 4 hours when we follow the Weekly trend or swing just like my DE30 Weekly trades. Instead of placing one single trade risking 15% to 30% of his $10k account, we simply divide the full Risk into smaller trades. You need to use an initial Stop Loss and do Position Sizing for every trade. Remember when we trade with average entry price of several positions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,345
  • Apr 21, 2019 5:10pm Apr 21, 2019 5:10pm
Week 17 Apr 22:

With many major market closed for Easter holidays, very little will happen until NY open Monday.
There will lots of orders to fill in the meantime...

Stand aside is knowing when not to trade.
Attached Image (click to enlarge)
Click to Enlarge Name: FF calendar Week 17 Apr 22 22-04-2019 08-05-20.png Size: 87 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,346
  • Apr 21, 2019 5:15pm Apr 21, 2019 5:15pm
Quoting skywalker7
{quote} This's a nice guiding post for a new comer. Thanks.
Read the thread OP's last post -

So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY.

Post#12,912 Oct 24, 2011
https://www.forexfactory.com/showthr...85#post5067585

Quoting eelfranz
So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY. Snarlyjack - Good to hear from you old friend. We have stood back to back in battle more than a few times. May your trades be blessed buddy. Come visit more often. Big E
Anyone wanting to learn EVERYTHING about Trading Made Simple must read starting from Post#1 to Post#12,912.
There is no short cut.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,347
  • Edited 10:09pm Apr 21, 2019 9:55pm | Edited 10:09pm
Quoting emmanuel7788
{quote} Hi hikaru259, that would be easy just to drag and drop those trades from my terminal onto the chart. but, did you know that the OP also traded with multiple entries? how did he do that? it in his old thread where he traded different methods/systems. Don;t let that thread thread mislead you into thinking that that thread was for Craig Harris Stcohastics Method. In that thread is where the OP also shared two of his own methods - The 21/233 Method and his 5-Method and he moved the discussions on his 5-method to this new thread. Reasons are...
Thank Emmanuel, I am still learning Multi entry + basket management and try to adapt to my money management. But I also find it hard to timing in scaling in (green basket). I'm totally agree with you: no spoon feeding, no short cut, we need to learn by ourself.
And some ideas for today and next days:

Cheers,
Son Nguyen
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  • #95,348
  • Apr 22, 2019 1:25am Apr 22, 2019 1:25am
Quoting emmanuel7788
{quote} DE30 Week 16 trades closed Apr 18. This week no major event so no lotto wins but consistent profits trading once every 4 hours and/or when I have the time to check my trading computer. Not bad weekly cash-flow income this week for short 4 days work-at-home. {image}
Your remarks on my Analysis will be appreciated
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  • #95,349
  • Apr 22, 2019 5:11pm Apr 22, 2019 5:11pm
Quoting BlueBull
{quote} Your remarks on my Analysis will be appreciated{image}

Hi,

You have marked 3 of the bullish HA candles with momentum.

You may want to put the Stochastics(8,3,3) on your chart to see if it shows the same momentum 'signal' as the TDI#25 version. Also the PAC 5SMMA High Low will filter out the small candles. using the PAC you will find more trade opportunities and also using the PAC for managing trades like placing SL and moving SL.

Unlike the usual forex currency pairs, the indices such as DE30 has its own characteristics and behaviour. Most often the liquidity flows during the European market sessions.

You often see small candles after a bigger move and this happens after London session closed. The NY afternoon session is usually quiet.

Also I like to see the real price bar over the HA candles, this is what I look at when I refer to price bar patterns... not the HA candle.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,350
  • Apr 22, 2019 5:18pm Apr 22, 2019 5:18pm
Quoting emmanuel7788
{quote} DE30 Week 15 Apr 08 update: Last Friday closed small candle Inside Bar. This week opportunity for a breakout. I will work harder this week and try my best and add more money to my last week's profit $9,677. Be prepared to give back 50% of that. {image} {image}
DE30 Week 17 Apr 23 to 26 Update:

Market was closed since Friday and re-open later today.

On my Weekly, I see potential levels where possible reaction - 12230 and 12397. Still quite long way to go till 12643, if corporate performance results are good for 1stQ. then more to the upside this week and coming weeks.

I stay on the buyers' side until I see a 3D1 reversal.. it will take at least 3 bars to see potential reversal of this current bullish trend.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Apr 23 W1 Big Picture 23-04-2019 07-48-17.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,351
  • Apr 22, 2019 5:20pm Apr 22, 2019 5:20pm
Quoting hikaru259
{quote} Thank Emmanuel, I am still learning Multi entry + basket management and try to adapt to my money management. But I also find it hard to timing in scaling in (green basket). I'm totally agree with you: no spoon feeding, no short cut, we need to learn by ourself. And some ideas for today and next days: Cheers, Son Nguyen {image} {image} {image} {image}

Hi,

what do you use for order distance between EPs?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,352
  • Apr 22, 2019 9:39pm Apr 22, 2019 9:39pm
Quoting emmanuel7788
{quote} Hi, what do you use for order distance between EPs?
Hi Emmanuel,
I have a basket with the EP zone what is determined by S/R, pullback to MA50 and trend continuation, RDH/RDL. The basket will have a initial/fixed SL (counted from the first EP) is 2 x ADR(100). The basket has max 5 EP. When I trigger the first EP based on TDI confirmation/cross, I will have some limit orders with distance of 0.20 ADR(100) (or 1/5 SL) to average down in case of the price go against me. The basket will risk 3%-5% capital. If 3 limit orders trigger , i will have 2 orders remaining for scaling in. If the third limit order trigger, i will be careful with PA and try to cut basket with BE or small profit asap and review the trade plan again.
  • #95,353
  • Apr 22, 2019 10:17pm Apr 22, 2019 10:17pm
Quoting hikaru259
{quote} Hi Emmanuel, I have a basket with the EP zone what is determined by S/R, pullback to MA50 and trend continuation, RDH/RDL. The basket will have a initial/fixed SL (counted from the first EP) is 2 x ADR(100). The basket has max 5 EP. When I trigger the first EP based on TDI confirmation/cross, I will have some limit orders with distance of 0.20 ADR(100) (or 1/5 SL) to average down in case of the price go against me. The basket will risk 3%-5% capital. If 3 limit orders trigger , i will have 2 orders remaining for scaling in. If the third...
very good.

this is a lot better than trading like the OP who was risking 15% to 30% of account deposit per single entry trade and we do not need to exit when price suddenly pull back 10~15 pips... we build our positions during the pull back which works best when we trade the D1 and W1 chart timeframes.

Post#557
https://www.forexfactory.com/showthr...34#post4580234

Post#2177
https://www.forexfactory.com/showthr...60#post4609460
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,354
  • Apr 23, 2019 12:50am Apr 23, 2019 12:50am
Quoting emmanuel7788
{quote} very good. this is a lot better than trading like the OP who was risking 15% to 30% of account deposit per single entry trade and we do not need to exit when price suddenly pull back 10~15 pips... we build our positions during the pull back which works best when we trade the D1 and W1 chart timeframes. Post#557 https://www.forexfactory.com/showthr...34#post4580234 Post#2177...
Thank Emmanuel,
I find it difficult to scale in and manage the trade/trailing stoploss on H4. Do you have any idea or advice for me to improve?
  • #95,355
  • Apr 23, 2019 8:36am Apr 23, 2019 8:36am
Just wanted to share my chart and trades as ive been extremly profitable with this method. I will like to thanks each and everyone of you for that constant suppot and very helful infromation. Ive read all of OP's resposnes and posts aswell as images and threads he started. Many long nights and weekends. Would like to say it was EXTREMLY worth every second.

Attached i keep my template very simple and look for setups during the open of NY US session. I look for how big the candles are, where the last swing high/lows. Angle of the green tdi cross and distance away from the red. We cant take every cross but we can evaluate it the best change we can and only trade the high probable setups! This is TRADING MADE SIMPLE. Love you big E!

If anyone have any questions i would be glad to help answer anyone here im always re reading big e's posts.
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  • #95,356
  • Apr 23, 2019 4:44pm Apr 23, 2019 4:44pm
Quoting hikaru259
{quote} Thank Emmanuel, I find it difficult to scale in and manage the trade/trailing stoploss on H4. Do you have any idea or advice for me to improve?
its two different topics here:

1) scaling-in trades to add to an open basket

2) exit strategy - managing trades in a basket

start with 1)

Most important thing a TMS trader need to learn is to identify the market type conditions to trade. The OP once said he 'got burned' because he did not identify the market correctly. He also said :"Learning to trade is a lifetime process. Develop a trading system that fits you and practice, practice, practice. When your confident... go live....Learn to tweek your strategy to stay up with changing market conditions."

What do you need?

You start with the first key-
Market Types: The First Key to Forex System Development

Know the Market Type conditions and Know yourself as the trader, and apply the right strategy to scale-in and scale-out.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,357
  • Apr 23, 2019 4:51pm Apr 23, 2019 4:51pm
Quoting akizama
Just wanted to share my chart and trades as ive been extremly profitable with this method. I will like to thanks each and everyone of you for that constant suppot and very helful infromation. Ive read all of OP's resposnes and posts aswell as images and threads he started. Many long nights and weekends. Would like to say it was EXTREMLY worth every second. Attached i keep my template very simple and look for setups during the open of NY US session. I look for how big the candles are, where the last swing high/lows. Angle of the green tdi cross and...

it is your commitment and diligent work and the market will pay you.....

if anyone is prepared to spend 3 to 5 hours everyday for 2 to 3 years, you are very likely to achieve something.

the trading method is here and be prepared to follow the trading journey of the OP aka Big E in Forex Factory.

Read EVERYTHING the OP posted. Study EVERYTHING he shared. Learn EVERYTHING.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,358
  • Apr 23, 2019 5:03pm Apr 23, 2019 5:03pm
USDJPY Week 17 Apr 24 Tokyo

D1 chart view,

ahead of tomorrow's BoJ statement, UJ is undecided at BRN 120.

Attached Image (click to enlarge)
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if you believe in the Power of 10EMA, can the 10EMA hold as support? we will know in the coming days if that belief is true.

The Power of Beliefs and How They Shape Your Forex Trading Psychology
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,359
  • Apr 23, 2019 11:04pm Apr 23, 2019 11:04pm
DE30 Week 17 Apr 24 Swing Trading

First H1 buy signal for today, use to add position to buy basket.

- reversal candle, Stochastic signal, TDI also same signal,... Post#261


Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Apr 24 H1 Buy signal 24-04-2019 14-00-31.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,360
  • Apr 24, 2019 12:17am Apr 24, 2019 12:17am
Quoting emmanuel7788
DE30 Week 17 Apr 24 Swing Trading First H1 buy signal for today, use to add position to buy basket. - reversal candle, Stochastic signal, TDI also same signal,... Post#261 {image}

DE30 Apr 24 FO candle also good momentum for entry...

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 17 Apr 24 FO candle 24-04-2019 15-14-23.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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