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Trading Made Simple

  • #99,421
  • Dec 2, 2019 8:22pm Dec 2, 2019 8:22pm
I joined FF in 2010 but started to actively look at & trade fx only since beginning of the year.

I understand that it’s advisable NOT to trade fx during the year-end festive seasons. May I seek the wisdom of seniors here how long the hiatus shd be? 2 or 3 weeks?

Thank you!
  • #99,422
  • Dec 3, 2019 12:06am Dec 3, 2019 12:06am
DE30 Dec 03

First buy today after that big dipper yesterday.... major correction at month opening day.

M15 looks good with H1 PA,above it 5EMA and H4 show higher high with higher Close...

... there is the risk of that big dipper seller exits.

We shall see if that Weekly WRB Low 12976 can really be the support base for the move back up.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Dec 03 Tokyo5H 03-12-2019 13-58-58.png Size: 87 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,423
  • Dec 3, 2019 12:08am Dec 3, 2019 12:08am
AUDUSD Dec 03 D1 trade

Got lucky today thanks for RBA keeping its rate at 0.75....

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Dec 03 D1 B3 trade 03-12-2019 10-55-05.png Size: 48 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Dec 03 D1 MEME trade 03-12-2019 10-53-21.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,424
  • Dec 3, 2019 12:17am Dec 3, 2019 12:17am
EURUSD and GBPUSP M15 trading

With another hour till Frankfurt Open and looking at the Asian seesion High Low now, it is unlikely to find any M15 trade following the old thread GBPUSD M15.... use Craig NFF method with the TDI the way Big E did his M15 trading in between 2008 and 2010

Unless the next H1 move with very big range.

The option left now is to look at the next H4 candle period and see if that bring a wide range for us to pick a good swing of 3 to 8 candles (M15).

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Dec 03 Asian High-Low 03-12-2019 14-12-27.png Size: 51 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Dec 03 Asian High-Low.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,425
  • Dec 3, 2019 12:35am Dec 3, 2019 12:35am
Quoting CollectPIPS
I joined FF in 2010 but started to actively look at & trade fx only since beginning of the year. I understand that it’s advisable NOT to trade fx during the year-end festive seasons. May I seek the wisdom of seniors here how long the hiatus shd be? 2 or 3 weeks? Thank you!
(The only time you won't be trading is when: The market is closed, You don't feel like trading, Circumstance beyond your control.)

"advisable NOT to trade fx during the year-end festive seasons"
Who said that?
Rather look at the reasons why that person said it. Go back into history and check the reasons yourself against the rules of the method you use.
When the rules indicate that a trade can be place you do that otherwise you wait until it does.
(The moment you start to pay attention to what this or that person said you are no longer follow you method / rules and will suffer the consequence.)

You are trading for yourself? Then you can make festive seasons as long or short to what you want it to be.
Note: Google translate "hiatus shd" into "Hits Lift".
  • #99,426
  • Dec 3, 2019 1:14am Dec 3, 2019 1:14am
Quoting emmanuel7788
{quote} Tekkies You are wrong again. it is DrDave.... not just Dave, doctor just showed us that he can also do selective reading the way you do all the time in this thread to mislead people and preventing them to read the old thread. You are a fraud in this thread.
Once again, you are wrong. I do not do selective reading; I read every word and examine every image. I do, however, make SELECTIONS of some of the content, JUST AS YOU DO (DUH!), that I find relevant to a particular discussion. It would be ludicrous to NOT make a selection and copy-paste the entire contents of another thread into this one.
To free Gazans of Hamas, use whatever it takes.
  • #99,427
  • Dec 3, 2019 1:23am Dec 3, 2019 1:23am
Quoting Tekkies
{quote} ...... Note: Google translate "hiatus shd" into "Hits Lift".
But I wasn't writing Arabic
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-12-03 15.18.53.png Size: 28 KB
  • #99,428
  • Dec 3, 2019 1:31am Dec 3, 2019 1:31am
Quoting emmanuel7788
{quote} Tekkies You are wrong again. it is DrDave.... not just Dave, doctor just showed us that he can also do selective reading the way you do all the time in this thread to mislead people and preventing them to read the old thread. You are a fraud in this thread.

What a sad and utterly pathetic (not to mention childish) way you behave. Grow up you silly, silly little man,.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #99,429
  • Edited 1:59am Dec 3, 2019 1:43am | Edited 1:59am
Quoting emmanuel7788
{quote} Tekkies are you sure I had not mentioned snarlyjack... caught you lying again here. Stoch crossover ? use your brain ! Believe it or not you have to participate and think.....Post#261. Not too long ago, Jan and Feb 2011 Big E said these: You can trade his 5-Method without both the TDI and Stoch if..... then he made the jump and started this new thread. WHY? {image} {image}
Post 99,415: Try and understand what We switched from there to only discuss this method in the new forum...
Post 99,416: Re-posting what already been posted.
Post 99,417: Thank you for the compliment.
Post 99,418: Post a link to your post where you mentioned that snarlyjack removed stoch.
Post 99,419: Good for you, keep on reading.
Post 99,420: This one is the best - no substance to that post.
- D1 was that the major correction yesterday?
Are you asking or speculating?
- Good thing I did my weekly top down analysis and know what to do.
Did your top down prevented any buy order's place yesterday?
You surely did: You are selling against the higher timeframe price momentum ... low probability trade. What is the drawdown on those buy orders (if placed)
- spin our of control
Post 99,121 you are a small retail trader and you are in no position to control the market
- Today is another day ... a regular fight between the bulls and the bears.
Wow, that is new. Statement of the week.
- Weekly candle is in "control".
On what do you base that statement. Before you answer. Don't refer to what happened in the past. Based your finding on what you see on the open active candle that is going up and down.
If you do use history then you are doing what the laggard / useless TDI is doing. Using history to indicate where price might go.
Is Price Action not about the here and now?
  • #99,430
  • Dec 3, 2019 2:07am Dec 3, 2019 2:07am
Quoting emmanuel7788
AUDUSD Dec 03 D1 trade Got lucky today thanks for RBA keeping its rate at 0.75.... {image} {image}
May I know how you scale out of your trade on MT4? Manually or using an EA? Thks.
  • #99,431
  • Dec 3, 2019 2:26am Dec 3, 2019 2:26am
Quoting emmanuel7788
{quote} Tekkies of course this is not the old thread.... it is the continuation of the 5-Method discussion. another of such post which he mislead people {image} your stupidity not accepting the fact that Big E said this below Post#336 Those wanting more examples go to Forum: Commercial, then Craig Harris Stochastics Method... then start reading on page 246, post 3676 to the end... you will learn more fast... We switched from there to only discuss this method in the new forum... Tekkies, you must stop trying to fool people reading this thread that...
Maybe you should pay attention to post #5
Quote
That [CH stoch method] was just one of many methods we discussed. Folks were getting confused by mixing up rules from different methods so this thread will only be about the 5 method.

So why do you keep adding material, such as rsi(3), that is not part of the 5 method?
post #6
Quote
If you add other things it will influence your decisions... usually to your detrament.

Why do you continue to relegate the TDI to the garbage can when it is the key to the system?
post #1
Quote
The key to this method is the Traders Dynamic Index indicator for entries and exits. I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else.

You claim you have no problem with reading comprehension. If that is true, then I must conclude that you simply choose to ignore much of what Big E posted.
To free Gazans of Hamas, use whatever it takes.
  • #99,432
  • Dec 3, 2019 2:56am Dec 3, 2019 2:56am
Folks

Please keep on posting and ask all the questions and I will answer them all .... I have the patience of Job and Moses.

I am not Big E. I do not trade his aggressive reversal entry the same way he did. I prefer my own conservative trading style and pick only reversals that are higher probability and I trade in the direction of an established trend or swing which I look for in my Big Picture Planning. I prefer to use only common indicators like the Stochastics, RSI and its Fozzy-RSI, MACD and the 10/50/200EMAs. I used to trade with the standard pivots - both Daily and Weekly but have since relegated pivots to look for confluence with Price Action and other support / resistance tools.

Post#160

Quoting eelfranz
Unless you mastered this method already... keep the questions or concerns coming. Post your Demo trades too. Continue making Demo trades to build your confidence and study old charts where the TDI gives clean signals... it will pay you in spades... well, pips in our case...
Unless you mastered this method already... keep the questions or concerns coming. Post your Demo trades too.

Continue making Demo trades to build your confidence and study old charts where the TDI gives clean signals... it will pay you in spades... well, pips in our case...


Trade Well and Trade Safe.

Some interesting events happening this week leading up to the year end festive holidays.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,433
  • Dec 3, 2019 3:05am Dec 3, 2019 3:05am
Quoting CollectPIPS
{quote} May I know how you scale out of your trade on MT4? Manually or using an EA? Thks.

I have different EAs to trade with.

I initiate trades manually and let the EAs manage my trades. This leave me with plenty of time to do other things.

For example today's AUDUSD D1 trade, I use my own modified version of Blessing3 expert advisor to manage my buy positions.

Blessing# has taken 70% profit profit locked just a while ago and made a re-entry.

AUDUSD Dec 03 trade update London session .

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Dec 03 trade update LS 1700 03-12-2019 17-00-03.png Size: 49 KB


Anyone interested to try Blessing3,

please go to this thread and download the version for Post#1.

https://www.forexfactory.com/showthread.php?t=792598

I will be here to share with you my experience how I use Blessing3 to trade TMS 5-Method manually .

Have Fun.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,434
  • Dec 3, 2019 3:05am Dec 3, 2019 3:05am
Quoting DrDave
{quote} Maybe you should pay attention to post #5 {quote} So why do you keep adding material, such as rsi(3), that is not part of the 5 method? post #6 {quote} Why do you continue to relegate the TDI to the garbage can when it is the key to the system? post #1 {quote} You claim you have no problem with reading comprehension....
You pin pointed to the root of all the fight's, complain's members had about Emmanuel's posting.
  • #99,435
  • Dec 3, 2019 3:06am Dec 3, 2019 3:06am
Quoting emmanuel7788
EURUSD and GBPUSP M15 trading With another hour till Frankfurt Open and looking at the Asian seesion High Low now, it is unlikely to find any M15 trade following the old thread GBPUSD M15.... use Craig NFF method with the TDI the way Big E did his M15 trading in between 2008 and 2010 Unless the next H1 move with very big range. The option left now is to look at the next H4 candle period and see if that bring a wide range for us to pick a good swing of 3 to 8 candles (M15). {image} {image}
M15 trading:

Today EURUSD is a laggard and GBPUSD ran .... hope some of you caught GU...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,436
  • Dec 3, 2019 3:10am Dec 3, 2019 3:10am
Quoting Tekkies
{quote} You pin pointed to the root of all the fight's, complain's members had about Emmanuel's posting.

be very patience Tekkies I will reply each and every of your so called "root" again and again.

those points DrDave wrote in his post I have already posted my explanations several times. I will explain them again and again ... 10,000 times if I have to.

it is all wrongful accusation when people do not want to read the old thread and then make the jump to this new thread.

Our primary objective as traders is the same - trade the markets and make money... lots of it
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,437
  • Dec 3, 2019 3:44am Dec 3, 2019 3:44am
Quoting eelfranz
This hasn't crosses yet (TDI) but it will soon unless we get a bounce down on the red line... {image}

Post#504 ... it is in this thread.

Study the post and the details on the charts attached.

Do you see a RSI(3) below the TDI?

What has the RSI(3) to do with Trading Made Simple 5-Method?

What was Big E doing with the RSI(3) when he already has his trusted TDI on his chart?

Observe the Price Action and the HA candles with the 5EMA Typical Price, Shift+3 and the behaviour of RSI(3).
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,438
  • Dec 3, 2019 3:44am Dec 3, 2019 3:44am
Quoting emmanuel7788
{quote} be very patience Tekkies I will reply each and every of your so called "root" again and again. those points DrDave wrote in his post I have already posted my explanations several times. I will explain them again and again ... 10,000 times if I have to. it is all wrongful accusation when people do not want to read the old thread and then make the jump to this new thread. Our primary objective as traders is the same - trade the markets and make money... lots of it
Please do.
Members before, currently active members like Realjumper, Tekkies, DrDave............. and members after us will point out the contradictions in your posts.
  • #99,439
  • Dec 3, 2019 4:02am Dec 3, 2019 4:02am
Quoting Tekkies
{quote} Please do. Members before, currently active members like Realjumper, Tekkies, DrDave............. and members after us will point out the contradictions in your posts.

Tekkies

There are no contradictions in my posts. because No.5 below. You write this to divert attention to yourself and what you preach in this thread.

Your post is full of misleading information which only you can understand.

You are a false preacher. You are selling snake oil in this thread. There is no TDI that will make money consistently when you trade blindly green cross red.
Only Big E traded with his TDI#25 and I believed he made money.

Did you make money in the last year 2018? How many months were you profitable?
*** 2017 you lost money in that XM account.
What about 2019? How many months were you profitable Jan to Oct 2019?


The 5 Fundamental Truths of Trading by Mark Douglas

1. Anything can happen.

2. You don’t need to know what is going to happen next to make money.

3. There is a random distribution between wins and losses for any given set of
variables that define an edge.

4. An edge is nothing more than an indication of a higher probability of one thing
happening over another.

5. Every moment in the market is unique.

My conclusion still the same for you Tekkies,

Tekkies spends too much on his TDI and Stochastics, now on his M15 & H1 V-lines gimmicks.
Tekkies did not spend enough time on Post#647 to learn Price Action, Support & Resistance and Market Consolidation.
Tekkies should spend more time on Money Management, Risk management for entries and exits.
Tekkies should learn to reduce his large number of BE trades, and How to Let Profits Run.
Tekkies will one day learn Post#2617 and he will realize that he can strip the TDI and Stochastics from his trading charts and he would then realize that taking trades would be a breeze and that the TDI is not in his WINNING EDGE equation .
Tekkies will one day come to realize that Big E posts #3044 and #3418 are fact and learn trade without any TDI.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #3044.png Size: 42 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Big E #3418.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,440
  • Dec 3, 2019 4:05am Dec 3, 2019 4:05am
Quoting emmanuel7788
Folks Please keep on posting and ask all the questions and I will answer them all .... I have the patience of Job and Moses. I am not Big E. I do not trade his aggressive reversal entry the same way he did. I prefer my own conservative trading style and pick only reversals that are higher probability and I trade in the direction of an established trend or swing which I look for in my Big Picture Planning. I prefer to use only common indicators like the Stochastics, RSI...
So you do not trade as per Big E, who's method this is and who's thread this is. Further, you add outside indicators, EA's etc etc despite Big E's express written instructions to NOT do this.......and you think this is ok.

Also, you're forever telling people that they can learn the method then 'make it their own'.......yet when Tekkies adds tiny change to the method, having "made it his own" , you harass and attack him like a spoilt playground bully. The hypocrisy of you is staggering.

This is NOT your thread and you have NO RIGHT to tell anyone what to do. Open your own thread and there you can do what you like......but if you're going to post in THIS thread, show some respect to the OP and ABIDE BY HIS RULES.

You have never developed anything, despite your alleged "30 long years" of trading your "hard earned money" and it's plain for all to see with your thread hopping, system jumping, indicator swapping amounts to nothing more that you being a follower (a sheep), not a developer, pioneer, leader...NOTHING. Pull your head in behave with some respect and humility or feel free to open your own thread.
Doing what you like is Freedom. Liking what you do is Happiness.
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