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Trading Made Simple

  • #95,561
  • May 9, 2019 1:04am May 9, 2019 1:04am
Quoting emmanuel7788
{quote} {quote} GBPAUD May 09 D1 swing trading: ahead of Friday data release. {image} one new basket 2 open positions with stop and limit orders, average entry price 1.8588 {image} take note of the TDI RSI Price Line re-enters its Volatility Band blue band, potential sideways ranging condition unless that fades away.
Hi Emmanuel,
Hope you have a good day. I just want to discuss to understand your view/analysis on GBPAUD Short swing.
1. In weekly TF, I see that we on uptrend with HH HL and price is on EMA10. So in my opinion, D1 short swing is a pull back trade. But this is a potential Short trade because (1) we near a Monthly confluence resistance and (2) on Daily TF, we had 3 consecutive bearish candles. So we will jump in down momentum when price retrace. Is that right?
2. In next days, forecast of economic news about GBP seems bad
3. This is aggressive mode for TDI with Green crossed Red in down move, above 50, above MBL.
My sumup: it is a pullback trade on D1, but the entry is potential so we will take it. Bull market makes money, bear market makes money.

Best regards,
Son Nguyen
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  • #95,562
  • May 9, 2019 6:07am May 9, 2019 6:07am
Quoting hikaru259
{quote} Hi Emmanuel, Hope you have a good day. I just want to discuss to understand your view/analysis on GBPAUD Short swing. 1. In weekly TF, I see that we on uptrend with HH HL and price is on EMA10. So in my opinion, D1 short swing is a pull back trade. But this is a potential Short trade because (1) we near a Monthly confluence resistance and (2) on Daily TF, we had 3 consecutive bearish candles. So we will jump in down momentum when price retrace. Is that right? 2. In next days, forecast of economic news about GBP seems bad 3. This is aggressive...

Hi,

First, I must clarify what I meant by short swing and long swing,
these do not mean sell and buy.
short swing is 4H swing trading done on H4 chart and in the trades are usually close within the same week.

long swing are medium to long term swing trades and can last a few weeks and I trade these on Daily and Weekly chart timeframes.

in this case of GBPAUD, I tried to explain the possible scenarios in my Post#95,497
I see the higher probability this pair will go sideways after the recent rally from April low to current May high but if this is wide range then both buy or sell with average entry price can play out. The March high I see that is resistance so I took the decision to sell.

The previous 2 Weekly candles show higher highs higher lows but there is this week open with gap up to consider how we trade this week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,563
  • May 10, 2019 12:25am May 10, 2019 12:25am
Reading the last few page I can only wonder what happened to BigE's posts, TDI, TDI crossover, post#647.

Looks like Emmauel is succeeding in taking away the focus of this thread, namely how to use TDI with BigE's post's in this thread.

What a pity for this method by BigE really does work with out all the extra garbage that get's dish up by members.

There is a reason why BigE posted this:
Post#285............
Quit making excuses.. if it was any simpler there wouldn't be a method... it's bare bones now.
Simple rules, easy TDI entries and exits... fine tune it to your understanding... don't add anything...don't complicate it.
Many traders on the old thread said once they quit trying to improve it or making it more complicated... their pip take exploded.

Follow TDI. (Post 94,406)
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  • #95,564
  • May 10, 2019 1:01am May 10, 2019 1:01am
Quoting eelfranz
Alright all you party animals trying to recover from last night... or longer... Last couple of pages has covered many different topics... well, touched base anyway.... 2scoops... on post 2594... 2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2...
and doing selective reading again is very dangerous in this thread.


Post#2617 above:

what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean? It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why? Read above... I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too... There is a handful who trade it correctly here who are rewarded nicely..

7 year on, I learn how to take trade like a breeze.


Post#296 ...

Just because you can bring an indicator up on your chart doesn't mean you know how to use it correctly.

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.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,565
  • May 10, 2019 1:07am May 10, 2019 1:07am
Quoting eelfranz
Hey Gang, You know I prefer to trade the the 1 & 4hr timeframes.... Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try....

Post #4752

and ...

Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try....

How do you trade the Daily? ????
With single entry single exit? ????
Risk 15% to 30% of your $10k account deposit and trade 2 to 4 standard lots in one single entry? ????

No, not me.
Don't be stupid.
I prefer to trade with MEME and trade with smaller lots when I trade the Daily.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 19 Sell with TMS MEME 10-05-2019 14-05-31.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,566
  • May 10, 2019 1:10am May 10, 2019 1:10am
Quoting Tekkies
Reading the last few page I can only wonder what happened to BigE's posts, TDI, TDI crossover, post#647. Looks like Emmauel is succeeding in taking away the focus of this thread, namely how to use TDI with BigE's post's in this thread. What a pity for this method by BigE really does work with out all the extra garbage that get's dish up by members. There is a reason why BigE posted this: Post#285............ Quit making excuses.. if it was any simpler there wouldn't be a method... it's bare bones now. Simple rules, easy TDI entries and exits......

Reading this post, looks like Tekkies is back to trading one chart timeframe, right?

Why? the M15 H1 VLines method not working ....

What a pity for this method by BigE really does work with out all the extra garbage that get's dish up by members.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,567
  • May 10, 2019 1:18am May 10, 2019 1:18am
Quoting emmanuel7788
{quote} Reading this post, looks like Tekkies is back to trading one chart timeframe, right? Why? the M15 H1 VLines method not working .... {image}
Stop making a fool of yourself Emmanuel
Try and click that link in post. In case you missed it here is it again: Follow TDI. (Post 94,406)

Anyway got some trading to do with BigE's method so have some of this:
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  • #95,568
  • May 10, 2019 1:22am May 10, 2019 1:22am
Quoting Tekkies
{quote} Stop making a fool of yourself Emmanuel Try and click that link in post. In case you missed it here is it again: Follow TDI. (Post 94,406) Anyway got some trading to do with BigE's method so have some of this: {image}
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That old post of yours 94 406 is hindsight trading drawing lines with no trade entries.

Who has been making a fool of himself.... for 3+ years... still deep in his rabbit hole.. Keeping warm.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,569
  • May 10, 2019 1:33am May 10, 2019 1:33am
Quoting Tekkies
Reading the last few page I can only wonder what happened to BigE's posts, TDI, TDI crossover, post#647. Looks like Emmauel is succeeding in taking away the focus of this thread, namely how to use TDI with BigE's post's in this thread. What a pity for this method by BigE really does work with out all the extra garbage that get's dish up by members. There is a reason why BigE posted this: Post#285............ Quit making excuses.. if it was any simpler there wouldn't be a method... it's bare bones now. Simple rules, easy TDI entries and exits......

Example : Look at the price action... selling into support.

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Post#2617
https://www.forexfactory.com/showthr...18#post4619118

t takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?

Keep It Simple : Use the HA candles and the 5EMA, taking trades would become a breeze.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,570
  • May 10, 2019 1:33am May 10, 2019 1:33am
Quoting Tekkies
Reading the last few page I can only wonder what happened to BigE's posts, TDI, TDI crossover, post#647. Looks like Emmauel is succeeding in taking away the focus of this thread, namely how to use TDI with BigE's post's in this thread. What a pity for this method by BigE really does work with out all the extra garbage that get's dish up by members. There is a reason why BigE posted this: Post#285............ Quit making excuses.. if it was any simpler there wouldn't be a method... it's bare bones now. Simple rules, easy TDI entries and exits......
Hi Tekkies,
1. First I want to say thanks for your advice and your respect to Mr. BigE - An honorable person. I'm too, I have read from post page#1 and now to page #3450 and still reading to learn now. I love TMS and KISS methodology. Because of my small capital, I don't want to take big risk per trade like OP, I often have my top down analysis to find the trend and entries by TDI, I can't take all entry signal from TMS, I need to filter.
2. When i read "Stock Market Wizards by Jack D. Schwager" - an interview with market wizard Steve Lescarbeau, I agree that "systems have a life span" because market always change and improve (we have new technology, now 70%-80% trade ordered by bot/robot...). We don't give up on the original system, but we need to improve to adapt with market and preparation for something big that can happen in the future. We know what is the core and try to learn.
3. And again, I want to thank Emmanuel, Tekkies... and everyone who is still on TMS thread, sharing your knowledge, helping newbies (like me) and keeping the thread alive. And I give respect to a Big man - BigE, in my heart he is a great man.
If i do anything that don't follow the rules, feel free to comment I will fix it. I know it is not black or white but I will try. I want to work together, learn and improve my trading career.
(Sorry for my bad English)
Best regards,
Son Nguyen
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  • #95,571
  • May 10, 2019 1:41am May 10, 2019 1:41am
Quoting Tekkies
Reading the last few page I can only wonder what happened to BigE's posts, TDI, TDI crossover, post#647. Looks like Emmauel is succeeding in taking away the focus of this thread, namely how to use TDI with BigE's post's in this thread. What a pity for this method by BigE really does work with out all the extra garbage that get's dish up by members. There is a reason why BigE posted this: Post#285............ Quit making excuses.. if it was any simpler there wouldn't be a method... it's bare bones now. Simple rules, easy TDI entries and exits......
@Tekkies,

Today, you start flapping your lips again talking ....

Here, learn something about how to see support and resistance when you trade H1 today.

the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 May 10 H1 support and resistance 10-05-2019 14-36-05.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,572
  • May 10, 2019 1:52am May 10, 2019 1:52am
Caution trading today.... events like today's can bring you lotto wins but it can also mean you know when to cut-losses.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,573
  • May 10, 2019 5:38am May 10, 2019 5:38am
Quoting emmanuel7788
{quote} @Tekkies, Today, you start flapping your lips again talking .... Here, learn something about how to see support and resistance when you trade H1 today. the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean? It takes me 15 seconds to strip a chart down to...

interesting H1 3 tests.....

Attached Image (click to enlarge)
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now M5 breaks...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,574
  • May 10, 2019 6:09am May 10, 2019 6:09am
Quoting hikaru259
{quote} because market always change {image}
Hi Hikraru

How come?
Show me on MQL4 any pair, any time frame where the market has changed. "Tekkies on this pair, this time frame the market has changed"

To me on the Candle chart, the bars are still going up and down like they did since stock market was made accessible to us small time traders.

As to a lifespan of this method :Based on above: Why fix, what is not broken?.
-------------
Be careful what you read Hikraru. You read, listen, look at a other person's opinion about Forex. Ask the same question to a other person you will get a different answer.
______
A Good example. In a post above Emmanual (being himself > nasty as usually) he flapped lips about: selling into support.

What he did not mention is:
- Order was placed a couple of houers ago with room to go down.
- Price can and has broken many support levels in the past and wil break them in the future.
- Angle of green is almost at 6 which indicate a very strong momentum
- Stoch confirm direction.
- With a TDI signal that strong there is no need to check other time frames.
- Those that understand candle pattern's will have notice the double top, second yellow vline those small bars with wicks to the upside > take note that the sell orders was placed below them. (apply post#647)

Indicators or Price action does not matter which one you use is based on what happened in the past.
---
Note: Have closed orders for a profit and that is all that matter.
  • #95,575
  • May 10, 2019 6:09am May 10, 2019 6:09am
Quoting emmanuel7788
{quote} @Tekkies, Today, you start flapping your lips again talking .... Here, learn something about how to see support and resistance when you trade H1 today. the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean? It takes me 15 seconds to strip a chart down to...
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 May 10 H1 support and resistance 10-05-2019 14-36-05.png Size: 33 KB


DE30 May 10 H1 test of resistance

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Click to Enlarge Name: DE30 May 10 H1 test of resistance 10-05-2019 19-05-05.png Size: 35 KB


Well, it will be NY session soon, Big E only trade the first 3 hours of the NY session.


study M5 chart too.... but follow H1 and H1 PA.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 May 10 M5 PA entry 10-05-2019 19-09-52.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,576
  • May 10, 2019 6:15am May 10, 2019 6:15am
Quoting Tekkies
{quote} Hi Hikraru How come? Show me on MQL4 any pair, any time frame where the market has changed. "Tekkies on this pair, this time frame the market has changed" To me on the Candle chart, the bars are still going up and down like they did since stock market was made accessible to us small time traders. As to a lifespan of this method. - Took me four years to trade like that chart posted. How many traders are willing to spend countless hours with chart time, suffer margin call's because a demo account trading is not the same a real account trading....
@Tekkies,

Flapping your lips the second time today and obviously did not read all of Big E posts.

Read only Big E posts and learn:

Example below Post#296
https://www.forexfactory.com/showthr...66#post2325866

Just because you can bring an indicator up on your chart doesn't mean you know how to use it correctly.

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. If your mentally burned out, take a week off.

Take your time to learn how to trade. Newbies want to trade live right off the bat...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,577
  • May 10, 2019 6:44am May 10, 2019 6:44am
Quoting emmanuel7788
{quote} Post #4752 and ... Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try.... How do you trade the Daily? ???? With single entry single exit? ???? Risk 15% to 30% of your $10k account deposit and trade 2 to 4 standard lots in one single entry? ???? No, not me. Don't be stupid. I prefer to trade with MEME and trade with smaller lots when I trade the Daily. {image}
Hi Emmanuel,
Nice run, I caught this run too. Because of red news so I didn't have sell stop and closed for TP when I see market ranging on H4. Just want to see NO candle to make decision for a new basket.
Thank you,
Son Nguyen
Attached Image (click to enlarge)
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  • #95,578
  • May 10, 2019 6:50am May 10, 2019 6:50am
Quoting Tekkies
{quote} Hi Hikraru How come? Show me on MQL4 any pair, any time frame where the market has changed. "Tekkies on this pair, this time frame the market has changed" To me on the Candle chart, the bars are still going up and down like they did since stock market was made accessible to us small time traders. As to a lifespan of this method :Based on above: Why fix, what is not broken?. ------------- Be careful what you read Hikraru. You read, listen, look at a other person's opinion about Forex. Ask the same question to a other person you will get a...
Hi Tekkies,
It' hard for me to show you a certain example but IMHO nowadays market has more stop hunts, more choppy periods, it's hard for any trend following system without deeper analysis, filters and a strict money/risk management. I mean it's harder for a retail trader to make money from trading. I don't say it can not but it's harder for sure.
Thank you,
Son Nguyen
  • #95,579
  • May 10, 2019 6:53am May 10, 2019 6:53am
Quoting hikaru259
{quote} Hi Emmanuel, Nice run, I caught this run too. Because of red news so I didn't have sell stop and closed for TP when I see market ranging on H4. Just want to see NO candle to make decision for a new basket. Thank you, Son Nguyen {image}


I took profits earlier and started a new basket and will hold over the weekend.
Keep stalking this pair next week.... sell.
If it goes sideways for longer, we will make money with TMS MEME Evolution.
Like Big E he started with conservative entries and later became more aggressive with his reversal candle entries.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,580
  • May 10, 2019 6:58am May 10, 2019 6:58am
Quoting hikaru259
{quote} Hi Tekkies, It' hard for me to show you a certain example but IMHO nowadays market has more stop hunts, more choppy periods, it's hard for any trend following system without deeper analysis, filters and a strict money/risk management. I mean it's harder for a retail trader to make money from trading. I don't say it can not but it's harder for sure. Thank you, Son Nguyen
you are so true,i do 0.01 martingale trend following trading for slow and little gains everyday.
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