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Trading Made Simple

  • #106,541
  • Jul 17, 2020 2:17am Jul 17, 2020 2:17am
GBPNZD Jul 17 H4 2AM PDT

market is ranging to the downside
there is swing high, swing low and swing high (lower high)

will try catch +10pips and +25pips exits then BE.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Jul 17 H4 sell trade 17-7-2020 5-13-11 pm.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,542
  • Jul 17, 2020 4:15am Jul 17, 2020 4:15am
Quoting emmanuel7788
GBPNZD Jul 17 H4 2AM PDT market is ranging to the downside there is swing high, swing low and swing high (lower high) will try catch +10pips and +25pips exits then BE. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Jul 17 H4 sell trade 17-7-2020 5-13-11 pm.png Size: 44 KB


GBPNZD Jul 17 H4 2AM PDT trade Update

- got my 10 pips and now managing the remaining positions.
- rather slow moving pair...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Jul 17 H4 2AM PDT trade update 10pips 17-7-2020 6-44-30 pm.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,543
  • Jul 17, 2020 4:18am Jul 17, 2020 4:18am
EURNZD Jul 17 H4 2AM PDT trade

The PRICE ACTION is a pullback after the recent trendy move with a 1-2-3 swings and a BUEB/BUOB setup at point 3.

- this pair move better than the GBPNZD pair.
- took profits =10pips, +25 pips
- will manage the BE move soon.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Jul 17 H4 2AM PDT 1-2-3 setup 17-7-2020 7-08-41 pm.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,544
  • Jul 17, 2020 4:25am Jul 17, 2020 4:25am
Quoting emmanuel7788
{quote} {image} EURAUD Jul 17 H4 10PM PDt trade update Took the sell setup during the trade window and went about my daily chores. So far, nothing in my bank yet. Now I wait for the +10pips and decide the next portion exit. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Jul 17 H4 6PM PDt trade update 17-7-2020 1-10-48 pm.png Size: 40 KB



EURAUD Jul 17 H4 10PM PDT trade closed

+10 pips,
-22 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Jul 17 10PM PDT trade closed 17-7-2020 7-20-25 pm.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,545
  • Jul 17, 2020 5:00am Jul 17, 2020 5:00am
Keep it simple.
Follow TDI.
No Cross No Trade
With every Crossover apply post#647.
Go one step further: Post 94,337, Post 94,339
----
Kenneth use PAC, I use M15H1, Emmanuel use his flavor of the month, what ever that might be.
Attached Image (click to enlarge)
Click to Enlarge Name: poiut.PNG Size: 58 KB
Ooops it is not a live trade. But hey, surely you have seen the same crossover already on your chart at 12H15
  • #106,546
  • Jul 17, 2020 5:12am Jul 17, 2020 5:12am
Quoting Tekkies
Keep it simple. Follow TDI. No Cross No Trade With every Crossover apply post#647. Go one step further: Post 94,337, Post 94,339 ---- Kenneth use PAC, I use M15H1, Emmanuel use his flavor of the month, what ever that might be. {image}Ooops it is not a live trade. But hey, surely you have seen the same crossover already on your chart at 12H15
Tekkies

Your are wrong again. I don't have any flavor of the month.

My 3 year trading plan 2018/2019/2020 is that I follow what the Op Big E posted here and here and here.

and these below:

Big E you can trade without the TDI

Jan 20, 2011
#3044
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.

Jan 26, 2011
#3103
I almost always have the tdi & stoch on all my charts regardless of the method being used.

However, it's not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and it's a good confirmation to the current PA and possible trade.


Feb 12, 2011
#3418
You can trade the 5 method without the TDI if it's a problem...

PA is HA Candles, PA crosses the yellow line and closes... enter on the next candle if it's the same color. When candles flatten out... exit. Stay in the trade as long as it doesn't cross back over the yellow line and close.

The TDI just gives me a lot more information for making my entries & exits decisions.


May 16, 2011
#2617
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 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?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,547
  • Jul 17, 2020 5:19am Jul 17, 2020 5:19am
Quoting emmanuel7788
{quote} Tekkies Your are wrong again. I don't have any flavor of the month. My 3 year trading plan 2018/2019/2020 is that I follow what the Op Big E posted here and here and here. and these below: Big E you can trade without the TDI Jan 20, 2011 #3044...
Ok if you say so.
By the way, what happened to V_19 you posted so many times last month? Never mind you will probably also post that you still use MACDcloud from the previous month.

Enjoy your weekend Emmanuel.
Hasta La Vista
  • #106,548
  • Jul 17, 2020 5:29am Jul 17, 2020 5:29am
Quoting Tekkies
{quote} Ok if you say so. By the way, what happened to V_19 you posted so many times last month? Never mind you will probably also post that you still use MACDcloud from the previous month. Enjoy your weekend Emmanuel. Hasta La Vista
Attached Image (click to enlarge)
Click to Enlarge Name: TMS_V19 EA screenshot.png Size: 231 KB


TMS_V19 still running nicely and several telegram groups are using TMS_V19 for their trade setup technical conditions alerts.

I am glad to have re-started the use of TMS_v19 during this pandemic lock-down when lddd asked for help here and here.

And for those who missed TMS_V19, here are the links:

https://www.forexfactory.com/showthr...6#post12972826

https://www.forexfactory.com/showthr...2#post12859772
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,549
  • Jul 17, 2020 5:34am Jul 17, 2020 5:34am
Quoting Tekkies
{quote} Ok if you say so. By the way, what happened to V_19 you posted so many times last month? Never mind you will probably also post that you still use MACDcloud from the previous month. Enjoy your weekend Emmanuel. Hasta La Vista
And since you ask about MACD Cloud ... it is now an improved version on on chart levels and given it a new name ... TDI Cloud which I use for trading E-Mini Futures

Example of my current trading screen below:

Attached Image (click to enlarge)
Click to Enlarge Name: ENQ20 TDI cloud.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,550
  • Jul 17, 2020 5:41am Jul 17, 2020 5:41am
Quoting Tekkies
{quote} Ok if you say so. By the way, what happened to V_19 you posted so many times last month? Never mind you will probably also post that you still use MACDcloud from the previous month. Enjoy your weekend Emmanuel. Hasta La Vista

Tekkies

here is an example how TDI Cloud with Sell and Buy levels on chart using HA candle and 5EMA .
Attached Image (click to enlarge)
Click to Enlarge Name: TDI Cloud Buy Sell levels 17-7-2020 8-39-37 pm.png Size: 23 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,551
  • Jul 17, 2020 5:43am Jul 17, 2020 5:43am
Quoting Tekkies
{quote} Ok if you say so. By the way, what happened to V_19 you posted so many times last month? Never mind you will probably also post that you still use MACDcloud from the previous month. Enjoy your weekend Emmanuel. Hasta La Vista
He is tired of that flavor gimmick--time for a new flavor gimmick--or maybe to revisit an old one.
To free Gazans of Hamas, use whatever it takes.
  • #106,552
  • Jul 17, 2020 6:00am Jul 17, 2020 6:00am
Oops, opened Pandora box!!!
Should have include Robin' s indicators from not so many month's ago. Never mind "empty space" and "pin bars".
----
Any why related to Post 106,547
See how H1 kept the trade open while M15 gave those multiple trade signals.
BE lock in, Trailer Stop will be activate soon (or never) and the rest is up to price to give more profit or give only what BE has already.
This time it went with the rules.
Next time price will kick my butt.
Attached Image (click to enlarge)
Click to Enlarge Name: poiut1.PNG Size: 63 KB
  • #106,553
  • Jul 17, 2020 6:30am Jul 17, 2020 6:30am
Quoting Tekkies
Oops, opened Pandora box!!! Should have include Robin' s indicators from not so many month's ago. Never mind "empty space" and "pin bars". ---- Any why related to Post 106,547 See how H1 kept the trade open while M15 gave those multiple trade signals. BE lock in, Trailer Stop will be activate soon (or never) and the rest is up to price to give more profit or give only what BE has already. This time it went with the rules. Next time price will kick my butt....

Tekkies

About RobinHood' TradingMadeSimple(r) indicators, I have tested RH method and it work the way RH designed them. But I am a conservative trader and TMS 5-Method suit my temperament very well for many years and I developed my trading using TMS 5-Methodology according to Big E posts.

So you are missed 'empty space' and 'pin bars' ... oky I will post some live trade plan and live trades next week on Daily medium term swing trading.

At the moment, I have open 2 positions NASDAQ. There is 'empty space' above current Daily to be filled.

Attached Image (click to enlarge)
Click to Enlarge Name: ENQ20 Jul 17 open positions 17-7-2020 9-21-22 pm.png Size: 14 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,554
  • Jul 17, 2020 5:07pm Jul 17, 2020 5:07pm
How much time do you have to follow the trading journey of the OP aka Big E and learn what Trading Made Simple is ?

It's weekend and in some places you are in pandemic restrictions and lockdown so you have time to spend reading.

68 hours is all the reading time.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E eelfranz profile 68 hours.png Size: 541 KB

Read, study and take notes ....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,555
  • Jul 18, 2020 5:47pm Jul 18, 2020 5:47pm
Quoting eelfranz
1st Trading Chart... Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle... {image}
Training chart

Study and learn the Price Action on the chart, PA is there on every chart, every timeframe, and no matter which way you look at your charts, then observe the price behaviour and price momentum with the RSI green price lines and Stochastics lines on the chart.

If Post#647 is basic forex stuff, then learn this basic forex stuff and master them.
- look at price swings, swing highs, swing lows ...
- look at price consolidations, big candle, small candles,
- look at price behaviour around the Big Round Numbers - 00s, 50s.
- look at market price behaviour around market session Open and Close times especially for those trading H1, M15 and M5.

Do Not overwhelm yourself with too many of the bar patterns, candlestick patterns and chart patterns.
Keep It Simple:
Limit these to just what your ten (10) fingers can count.
You will see these 10 common PA on all the OP's training charts. You don't need more.


Attached Image (click to enlarge)
Click to Enlarge Name: Big E training chart PA PA PA.png Size: 172 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,556
  • Jul 18, 2020 6:10pm Jul 18, 2020 6:10pm
Weekend study and review

AUDUSD POMO Multi-TimeFrame

which timeframe do your trade? M15 or H1 (day trading).

do you have a day trading process?

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 29 MTF POMO 19-7-2020 8-58-29 am.png Size: 52 KB


Learn from the experienced TMS day traders like LE1 aka Arjun.

LE1 has a simple start-of-day process:
see for yourself if this will workout on the AUDUSD chart above.

Attached Image (click to enlarge)
Click to Enlarge Name: Doing It Right.png Size: 290 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,557
  • Jul 19, 2020 4:18pm Jul 19, 2020 4:18pm
Quoting emmanuel7788
Weekend study and review AUDUSD POMO Multi-TimeFrame which timeframe do your trade? M15 or H1 (day trading). do you have a day trading process? {image} Learn from the experienced TMS day traders like LE1 aka Arjun. LE1 has a simple start-of-day process: see for yourself if this will workout on the AUDUSD chart above. {image}
Which is the better pair to trade H1 today?

AUDJPY Jul 20 H1

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Jul 20 multi-chart H1 20-7-2020 7-12-23 am.png Size: 52 KB


EURJPY Jul 20 H1

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Jul 20 H1 multi-charts 20-7-2020 7-13-17 am.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,558
  • Jul 19, 2020 4:24pm Jul 19, 2020 4:24pm
Trade Manager Expert Advisors

To reply a few PMs requesting for links to trade manager expert advisors I used. These were posted before:

THV CaveManager EA.
Download the trade manager EA and pdf description from original thread / post by Caveman: Post# 18,455
Both the EA and pdf description are in Post#30,032
User guide by FF member Lookleft Post# 58,004
I made a pdf for member hsn100.
CM parameter setting for HSN : Post#56,308


Multi-Purpose Trade Manager
Download the trade manager EA and pdf description from original thread / post by SteveHopwood here
https://www.forexfactory.com/showthread.php?t=89371
Follow his update and you will get his latest version at SHF.
There are many other basket trade managers available for those who trade TMS Multiple Entries Multiple Exits TMS MEME.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,559
  • Jul 19, 2020 9:36pm Jul 19, 2020 9:36pm
TMS Monitor Jul 20 H4 10PM PDT

In about 28 minutes the 10PM PDT H4 candle will open.
You check all your H4 charts now and you will know which pairs to trade at the next 4-hour period.
Also you know the direction of the H1 to trade when FO and LO.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor (V19) Jul 20 10PM PDT 28mins 20-7-2020 12-31-47 pm.png Size: 29 KB


FO = Frankfurt Open
LO = London Open
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,560
  • Jul 19, 2020 9:49pm Jul 19, 2020 9:49pm
Quoting KennethYang
{quote} +10 pips {image}

Blending two different systems/methods by Big E will give you good trades and better chance of success.

#149
https://www.forexfactory.com/showthr...49#post3320949

#169
https://www.forexfactory.com/showthr...62#post3324862

#202
https://www.forexfactory.com/showthr...06#post3327406

#148
https://www.forexfactory.com/showthr...23#post3320923

and when you pay more attention to the real Price, its HA candles and the Price Action is around the CONFLUENCE of Support&Resistance, these will make help you master trading the 5-Method much quicker.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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