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Trading Made Simple

  • #111,281
  • Nov 18, 2020 7:26am Nov 18, 2020 7:26am
Quoting hasib
That is my understanding of the GU market In m30. I have to close my trade with a little bit of profit market started slowing down. Let's see how it goes. Price actions trading helps new traders develop bad habits. I think a rules-based system is good. {image}

you want to trade GBPUSD M15 then the old thread would be good place to start.

Big E started that thread specifically for trading GBPUSD M15. Craig Harris was his 'teacher'.

https://www.forexfactory.com/thread/...08#post3326908
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,282
  • Nov 18, 2020 7:29am Nov 18, 2020 7:29am
Quoting emmanuel7788
{quote} you want to trade GBPUSD M15 then the old thread would be good place to start. Big E started that thread specifically for trading GBPUSD M15. Craig Harris was his 'teacher'. https://www.forexfactory.com/thread/...08#post3326908
I am reading Craig Harris Stochastics Method 90 page pdf
All the BigE posts in the pdf.
MA provides the market's current direction and strength.
  • #111,283
  • Nov 18, 2020 8:26am Nov 18, 2020 8:26am
Quoting hasib
That is my understanding of the GU market In m30. I have to close my trade with a little bit of profit market started slowing down. Let's see how it goes. Price actions trading helps new traders develop bad habits. I think a rules-based system is good. {image}
Hmmmm. So how is it you are going to trade Price Action without rules??? Even if you were going to make RANDOM entries and exits, you will have a few RULES that you follow.
To free Gazans of Hamas, use whatever it takes.
  • #111,284
  • Nov 18, 2020 8:27am Nov 18, 2020 8:27am
Quoting LvMMT
{quote} I will start reading tonight. Thank you again and God bless you Emmanuel! God bless everyone and more green pips to all!!
If you are wanting to learn the 5-method of THIS thread and haven't even read all of the posts in THIS thread, why would you be going to read posts in other threads?
To free Gazans of Hamas, use whatever it takes.
  • #111,285
  • Nov 18, 2020 9:10am Nov 18, 2020 9:10am
Quoting LvMMT
{quote} I will start reading tonight. Thank you again and God bless you Emmanuel! God bless everyone and more green pips to all!!
God bless you
there are lots of reading you will be very confused if you want to learn everything once. Read BIg E Pdf first. after that, you read one by one.
MA provides the market's current direction and strength.
  • #111,286
  • Nov 18, 2020 9:37am Nov 18, 2020 9:37am
Quoting LvMMT
{quote} I will start reading tonight. Thank you again and God bless you Emmanuel! God bless everyone and more green pips to all!!
I highly recommend you to Read as many posts as you can in the thread to learn this strategy. Spend a week going through and find the useful bits

the PDF is just a guide, you need to absorb the experience shared by fellow FF members to know the actual mechanism! And there are >110,220 opportunities here
  • #111,287
  • Nov 18, 2020 1:36pm Nov 18, 2020 1:36pm
Quoting LvMMT
{quote} Thanks emmanuel7788 for the appreciation and for all the help. God bless you! Thank Tekkies you for your involvement and for answering my questions. God bless you too! I always look at 2 or 3 templates before I enter. Big E, RobinHood and mehdi343...
A+ trade. Excellent.
MA provides the market's current direction and strength.
  • #111,288
  • Nov 18, 2020 1:50pm Nov 18, 2020 1:50pm
Quoting emmanuel7788
{quote} I simply ask why sell? when the H4 is bullish. That is not ridicule. Just a simple trading question why you sell at that time. All you need to do is explain why you trade sell there. This is a trading discussion thread. What happen with Post #647? {image} {image}
Hi EM
how you use Daily open line?
MA provides the market's current direction and strength.
  • #111,289
  • Nov 18, 2020 2:52pm Nov 18, 2020 2:52pm
Last trade of the day.
Attached Image (click to enlarge)
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  • #111,290
  • Nov 18, 2020 5:45pm Nov 18, 2020 5:45pm
https://www.forexfactory.com/thread/...5#post13219285
Quoting hasib
{quote} Hi EM how you use Daily open line?
Everyday your chart shows you 4 important price data - the previous Day ... the Open, High, Low and Close.... and current Day Open.

the Day Open of the new day you see when the market open on every new day.

I check for price gaps between the previous day Close and the new day Open. Price gaps happen a lot from Friday Close till Sunday NY Open.

When I am day trading and scalping, I look at price action at the Day Open.

I trade away from the Day Open when I see good setups. Day Open confluence with other support & resistance will have more weight than just one single support & resistance level.

If you are a trend following trader, you would be trading away from the Day Open.
see this post #109,937 Trade Away form Day Open
https://www.forexfactory.com/thread/...5#post13219285

EURUSD M15 and H1 example below.

Do you notice the price action after London session closes? Liquidity is often low after London closed. There are exceptions.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Nov 18 M15 H1 Day Opeb LC 19-11-2020 7-28-57 am.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,291
  • Nov 18, 2020 6:02pm Nov 18, 2020 6:02pm
Quoting Tekkies
Last trade of the day. {image}
On Tekkies' charts,

I see True REVERSAL according to the OP Big E posts.

I also see H1 5 bar swing high and candles count 1,2,3,4, and 5 .... then 6,7,8

I see consolidation at the swing high ... Mother Bar/Inside Bar two bars pattern

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #111,299 EU last trade 19-11-2020 7-30-29 am.png Size: 349 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,292
  • Nov 18, 2020 6:08pm Nov 18, 2020 6:08pm
Quoting emmanuel7788
{quote} On Tekkies' charts, I see True REVERSAL according to the OP Big E posts. I also see H1 5 bar swing high and candles count 1,2,3,4, and 5 .... then 6,7,8 I see consolidation at the swing high ... Mother Bar/Inside Bar two bars pattern {image}



To learn more on price patterns and how to trade the three powerful price patterns,

go to this Jun 2013 post link:

https://www.forexfactory.com/thread/...70#post6741070
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,293
  • Nov 18, 2020 6:12pm Nov 18, 2020 6:12pm
Nov 19 Tokyo rush

- dollar bulls are back but for how long?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,294
  • Nov 18, 2020 6:18pm Nov 18, 2020 6:18pm
Quoting emmanuel7788
{quote} EURUSD Nov 18 UPDATE: - H4 as it look now, and should the dollar bulls return any time, H4 can drop 100 pips to the aqua region - not saying it will happen...anything can happen, we are retail traders we cannot predict the market. - if you trade counter-trend, you know the risks and opportunities.... Plan B. {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Nov 18 to 20 H4 18-11-2020 9-07-54 am.png Size: 40 KB


EURUSD Nov 19 Update:

- I see a Double Top chart pattern and a Mother Bar/Inside Bar consolidation nearBRN

- now possible break to the low,...

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Nov 19 DT MIB 19-11-2020 8-15-50 am.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,295
  • Nov 18, 2020 6:49pm Nov 18, 2020 6:49pm
Quoting hasib
{quote} A lot of great traders use HA and Stock. They don't read Candlesticks what's wrong with that. As long as they make money I don't see any problem. I personally think Avoiding Candlesticks have some edge. candlesticks make confused traders. BigE mentions it. And I know a good trader he doesn't use Candlestics at all he uses HA.
Big E as we know he was ~70% blind.

He also knew Steve Nison 'Father of Japanese Candlesticks' and Big E considered him the best in the US.

He also knew Lance Beggs who teach Japanese candlestick price action trading the stock markets.

He also knew Raghee Horner a well known stock trader trading Japanese candlestick with 34EMA Wave.

He traded Craig Harris Stochastics with Japanese candlesticks and he claimed he made money everyday.

Do you think Big E was confused when he sees Japanese candlesticks?

It was Dean Malone whom he got to know in 2006 after he attended CompassFX trading seminar and got to know the Synergy trading model and got to learn about the Average Price Bar which he call HA candles.
This is just a period of his trading journey from forex newbie to what he evolved over a short period of about 6 years.

What can you achieve in a 6 years trading journey?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,296
  • Nov 18, 2020 6:52pm Nov 18, 2020 6:52pm
Quoting hasib
Understanding Candlesticks will make you a candlesticks trader not price actions trader. As long as you understand impolsive and corrective move you can claim your price actions trader.

What is naked trader?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,297
  • Nov 18, 2020 7:01pm Nov 18, 2020 7:01pm
Quoting hasib
{quote} I am reading Craig Harris Stochastics Method 90 page pdf All the BigE posts in the pdf.

That is incorrect!

There are several versions of pdf compiled by different members for their own use. There are many missing posts in those pdfs.

Not all the questions and answers were in those pdfs and you will missed many finer points about trading and the many discretionary 'rules' which Big E has in his own trading.

Reason why many people tried trading TMS and eventually gave up is because TMS is not about trading green line cross red line.

Big E himself said he can take trades without the Stoch and TDI on his charts. He said this in his old thread even before he started this new thread.
You have to ask yourself, what do you have in you to be able to take trades with the Stoch and TDI signals?


Big E said:
you can trade without the TDI

#3044 Jan 20, 2011

#3103 Jan 26, 2011

#3418 Feb 12, 2011

#2617 May 16, 2011

#296 Nov 4, 2008
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,298
  • Nov 18, 2020 7:07pm Nov 18, 2020 7:07pm
GJ died this week. When I last see this kind of dead market I forgot.
One interesting thing about this kind of dead market is you can understand the market is dead you will not open trade. I mean any one can read this kind of market.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 66 KB
MA provides the market's current direction and strength.
  • #111,299
  • Nov 18, 2020 7:12pm Nov 18, 2020 7:12pm
Quoting emmanuel7788
{quote} What is naked trader?
Trading without indicator. clean chart sometimes called Naked chart trading.
MA provides the market's current direction and strength.
  • #111,300
  • Nov 18, 2020 7:13pm Nov 18, 2020 7:13pm
Quoting LvMMT
{quote} I will start reading tonight. Thank you again and God bless you Emmanuel! God bless everyone and more green pips to all!!
Hi LvMMT

No need to rush into this now. Take your own time and pace.

In his old thread, he shared several trading methods which he traded and his 5-Method started in that old thread.

He made the jump to this new Trading Made Simple thread on 26 April 2011... Post#4432

You will find the same 5-Method templates in the old thread and all the additional stuff which he did not copy over to this new thread.
two trading methods.
5-Method and 21/233 Method Post#3018, Post#4104,

I develop my trading systems with the same 5-Method as the core trading methodology and I implemented different Money Management strategies to creates each system differently to generate CashFlow as my income and to build wealth.
When I started system development in 2011, I developed three systems to trade in different market types. Now I have more systems developed (same 5-Method) with new Money Management strategies, simple entries and exits and trading short and long term markets.

You can do the same too but you need the time and the right resources and also most important is to have a mentor for the Mental Strategies part of the system development.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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