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Trading Made Simple

  • #112,001
  • Nov 29, 2020 5:02pm Nov 29, 2020 5:02pm
Quoting robots4me
{quote} @lddd -- not only is @hasib much younger than you, he may not have had access to the same type of "capital" as you. That's one of the most compelling aspects of trading forex -- it has the potential to open doors for people who otherwise may not have the same opportunities as you. Not everyone will pass through the doors -- but, at least, it gives hope. @lddd -- obviously you were born with a silver spoon in your mouth and assume so was everyone else. You can mock @hasib, but by the time he is your age he will be 10x (at least) the trader...
No. You got me wrong. Didn't want to mock him. But on the contrary just trying to understand and giving him a wake up call. 8 years of experience and a FF red diamond, writing many posts a day on the internet but no time to work 9-5 and save up some money to trade with? Instead trying to pass some trading challenge at super strict rules where he even has to pay for a demo account. Probably just throwing money out the window for nothing. It just sounds a bit weird to me.

Nothing to do with me. I am not born with a silver spoon in my mouth neither, but seems like a lot of people here have absolute unrealistic imaginations, not a few cents to trade with, but knowing each and every indicator/strategy and technical analyses detail insight out.

Anyways, cheers and a good weekend to all.
  • #112,002
  • Nov 29, 2020 5:32pm Nov 29, 2020 5:32pm
Quoting lddd
{quote} No. You got me wrong. Didn't want to mock him. But on the contrary just trying to understand and giving him a wake up call. 8 years of experience and a FF red diamond, writing many posts a day on the internet but no time to work 9-5 and save up some money to trade with? Instead trying to pass some trading challenge at super strict rules where he even has to pay for a demo account. Probably just throwing money out the window for nothing. It just sounds a bit weird to me. Nothing to do with me. I am not born with a silver spoon in my mouth...
@lddd -- as always, you are a gentleman. And I was kinda rude. My point was we all take a path -- each one is different. It is not for us to judge which path is the right one because we all assume the path we took is the right one -- not only for us but for everyone else, as well. The important thing is to climb your mountain -- which @hasib is doing. Yes, he posts too much. Yes, his posts are sometimes annoying. But his enthusiasm and desire to learn are refreshing and he's clearly on the road, climbing his mountain...

@lddd -- all the best. Wish you a good trading week ahead...
  • #112,003
  • Nov 29, 2020 5:36pm Nov 29, 2020 5:36pm
Last trading day for the month.

GBPUSD H1 Sydney Open

huge GAP from last Friday' Close.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Nov 30 H1 V19 30-11-2020 7-26-57 am.png Size: 157 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,004
  • Nov 29, 2020 6:35pm Nov 29, 2020 6:35pm
Quoting hasib
{quote} what I have learned in 8 years here is a summary 1. Price actions. 2. Risk management. 3. Different strategies 4. I have learned I know nothing. 5. No Technical strategy works in the market all the time. 6. Be aware of market fundamentals. Fundamentals don't mean ff news calendar. 7. Supply and demand. 8. Candlesticks pattern 9. Different ways of understanding market structure. etc. Now I will settle on 2 to 3 strategies soon I will delete all the indicators and all the setup just follow those 3 strategies....
hey hasib

you do know a lot from your 8 years learning on your own.
1. Price actions.
2. Risk management.
3. Different strategies
4. I have learned I know nothing. ***
5. No Technical strategy works in the market all the time.
6. Be aware of market fundamentals. Fundamentals don't mean ff news calendar.
7. Supply and demand.
8. Candlesticks pattern
9. Different ways of understanding market structure. etc.

nobody can take away the knowledge from you.
***4 you learned about yourself too and this is an important aspect of learning when we are learning to trade the markets.

It will come to a point in time that you have to make that critical decision and and start on your transformation journey to become the trader you want to be.
You learned EVERYTHING (.. almost...) but you don't need EVERYTHING to make money trading the markets. By now, you know Big E' Trading Made Simple journey and his simple trading methodology and the beliefs that go along with it. You can start on your transformation journey any time you want to.

I started my transformation journey in March 2011, that week following the Japan tsunami I made that big decision. Transformation takes a lot of time and that depends on what you do everyday until you reach each milestone along the way. There is no final destination, you just keep on going and going and going, you mark each milestone along the journey. You can have many objectives when you are trading and making money is one of many objectives. The purpose why you trade the markets is not any of your objectives.

I wish you a Smooth and Safe Journey.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,005
  • Nov 29, 2020 6:55pm Nov 29, 2020 6:55pm
Quoting hasib
{quote} Hi EM can you post your EA settings picture so that we can emulate it.
Quoting emmanuel7788
{quote} TMS_V19 EA settings: First, read all the posts from May 2011 till Dec 2011 in that thread. especially the posts by member seller9. He answered all the members question there and he knows Big E trading style very well and he also explained with many trade examples. Trading Made Simple EA by Guess Whom https://www.forexfactory.com/thread/...-by-guess-whom

Just a reminder:

The TMS_V19 EA is not your auto-trading robot. I learn it and I use it for the trade setup conditions Alert Mode feature only. Reason is I do not want to be checking so many charts during the day. I run the EA is my VPS and also in one home PC where I have several instances of MT4 installed and running. This way, I can cover different timeframes - M15, H1 and H4.

There are many variations in the TMS trade setups.
The conservative reversal setup uses the HA candle close above/below its 5EMA.
The aggressive reversal setup does not use the HA price action only without the need for the HA candle to close above/below its 5EMA.
Both setup variations requires the RSI green line to confirm the momentum in the setup candle. The momentum can be filtered using the slope setting which default is 4.0.
The Stoch %k slope is another momentum filter and the setting can vary between 4.0 to any preferred higher value.

Below is a screenshot of my GBPUSD M15 setup for today.

Important note is the trading hours setting in your TMS_V19 for H1 day trading and M15 scalping
You need to input the start hour and end hour of you MT4 PC (your local time) to match that of the trading hours of London Open till London Close.
In my case, I set my preferred trading hours to one hour before Frankfurt Open till 2 hours after New York Open. I do not trade after London Close.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Nov 30 M15 V19 30-11-2020 8-39-10 am.png Size: 74 KB


more to follow-up,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,006
  • Nov 29, 2020 8:09pm Nov 29, 2020 8:09pm
Hey guys,

When Big E was trading this system he would begin looking for trades in the London session and close all his trades by 6AM Pacific Time/9AM EST.

This is kind of confusing to me because he was trading 4 hour charts. This means if he enters a trade on the 4 hourly chart he's only in the trade for at most 2 candles.

Big E has said that holding the trades for longer is not advised as past that session price begins to trend sideways.

But Big E also said that on average HA candles run for 3-8 candles. So am I accurate in my assessment that Big E only held his positions for 2 candles and may have missed the majority of a move? I'm not criticizing his method I understand that if he only held his positions for 2 candles on the 4 hourly it would have been a high percentage trade. I'm just wondering if this is actually what he had done.
  • #112,007
  • Nov 29, 2020 11:11pm Nov 29, 2020 11:11pm
[quote = someoneWrong; 13284425] nó gần giống như hệ thống của tôi {image} [/ quote]

Simple but very effective, does not need many indicators
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 93 KB
  • #112,008
  • Nov 29, 2020 11:54pm Nov 29, 2020 11:54pm
Quoting emmanuel7788
{quote} {quote} Just a reminder: The TMS_V19 EA is not your auto-trading robot. I learn it and I use it for the trade setup conditions Alert Mode feature only. Reason is I do not want to be checking so many charts during the day. I run the EA is my VPS and also in one home PC where I have several instances of MT4 installed and running. This way, I can cover different timeframes - M15, H1 and H4. There are many variations in the TMS trade setups. The conservative reversal setup uses the HA candle close above/below its 5EMA. The aggressive reversal...

GBPUSD Nov 30 M15 approaching H4 EST 1AM (10PM PDT)

- a M15 setup conditions minutes before the H4 candle closes.

- bounce 5.7, Slope 4.8 is the breakout bar/candle of the M15 Master Candle consolidation

- will this setup run ?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Nov 30 M15 bounce 5.7 30-11-2020 1-46-22 pm.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,009
  • Nov 30, 2020 12:04am Nov 30, 2020 12:04am
GBPUSD Nov 30 H4 1AM EST

- if I ignore the H4 Doji bar/candle, it is good to go the next H4 open.

- the Prev H4 bar slope 5.6 counts.

- always trade with a stop loss and do your trade Position Size with %risk money.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Nov 30 H4 30-11-2020 1-59-12 pm.png Size: 81 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Nov 30 H4 1AM EST new open 30-11-2020 2-00-16 pm.png Size: 81 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,010
  • Nov 30, 2020 12:17am Nov 30, 2020 12:17am
EURAUD Nov 30 H4 1AM EST (10PM PDT)

- look at the price action then next verify the RSI green line data

- bounce 9.2 Slope 7.3 is good enough for me to jump in buy

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Nov 30 H4 bounce 9.2 Slope 7.3 30-11-2020 2-15-05 pm.png Size: 82 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,011
  • Nov 30, 2020 12:25am Nov 30, 2020 12:25am
Quoting Sunfrog
Hey guys, When Big E was trading this system he would begin looking for trades in the London session and close all his trades by 6AM Pacific Time/9AM EST. This is kind of confusing to me because he was trading 4 hour charts. This means if he enters a trade on the 4 hourly chart he's only in the trade for at most 2 candles. Big E has said that holding the trades for longer is not advised as past that session price begins to trend sideways. But Big E also said that on average HA candles run for 3-8 candles. So am I accurate in my assessment that Big...
You are correct for the 4 hour chart and left out about London session with one hour chart. (Read Post#1025, 1199, 1530)

Post#7622 explain a little better.
  • #112,012
  • Nov 30, 2020 12:28am Nov 30, 2020 12:28am
Quoting emmanuel7788
EURAUD Nov 30 H4 1AM EST (10PM PDT) - look at the price action then next verify the RSI green line data - bounce 9.2 Slope 7.3 is good enough for me to jump in buy {image}

EURAUD Nov 30 M15 trades

- scalping the 4hr quick and easy +5pips, +2pips stopped out on the pull back
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Nov 30 M15 quick trades 30-11-2020 2-26-24 pm.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,013
  • Nov 30, 2020 1:22am Nov 30, 2020 1:22am
EURGBP Nov 30 M15 with H1

- missed this M15 momentum close the H1

- good room for TP1, TP2, TP3 till the next 'support' and RN8950

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Nov 30 M15 H1 momo close 30-11-2020 3-19-06 pm.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,014
  • Nov 30, 2020 1:25am Nov 30, 2020 1:25am
Quoting emmanuel7788
{quote} EURAUD Nov 30 M15 trades - scalping the 4hr quick and easy +5pips, +2pips stopped out on the pull back {image}

EURAUD Nov 30 M15

- 2nd batch trades closed +5pips, +10pips, +2pips close stopped out by the pull back again.

Attached Image (click to enlarge)
Click to Enlarge Name: EURSUD Nov 30 M15 2dn trade closed 30-11-2020 3-23-24 pm.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,015
  • Nov 30, 2020 2:03am Nov 30, 2020 2:03am
EURJPY Nov 30 Frankfurt Open candle

- a tweek in the M15 slope

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Nov 30 M15 H1 close LO 30-11-2020 4-00-40 pm.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,016
  • Nov 30, 2020 2:06am Nov 30, 2020 2:06am
USDJPY Nov 30 M15 FO candle

- another bounce example plus PA and tweek in the slope

Attached Image (click to enlarge)
Click to Enlarge Name: UJ M15 bounce 30-11-2020 3-58-44 pm.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,017
  • Nov 30, 2020 2:38am Nov 30, 2020 2:38am
USDCAD Nov 30 H4

- look interesting till this current H4 closes... 5AM EST and 2AM PDT

- what can you do in the meantime?

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Nov 30 H4 LO 30-11-2020 4-35-30 pm.png Size: 72 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,018
  • Nov 30, 2020 2:51am Nov 30, 2020 2:51am
Quoting Tekkies
{quote} You are correct for the 4 hour chart and left out about London session with one hour chart. (Read Post#1025, 1199, 1530) Post#7622 explain a little better.

Thanks Tekkies this answers my question perfectly!

" I trade the US Open first 2-3 hours on the 1 hr charts and then pretty much don't trade again until 10pm my time (2 hours before the London Open) and then it's on the 4 hr charts. I check any trades at 2am my time (Pacific) and then close all 4 hr trades at 6am my time.... and switch to hourly charts again. Some days I don't trade like Sunday or Friday."
  • #112,019
  • Nov 30, 2020 3:00am Nov 30, 2020 3:00am
Quoting Tekkies
{quote} You are correct for the 4 hour chart and left out about London session with one hour chart. (Read Post#1025, 1199, 1530) Post#7622 explain a little better.
From what I understand now, he closes his US open trades based on the TDI signaling exits. He trades the US open on the 1 hourly charts.

For the London Open he trades the 4 hourly so he is only in those trades for 2 candles at most as he closes them at 6AM pacific without a exit signal from TDI as he expects markets to be in a range past then.
  • #112,020
  • Nov 30, 2020 3:41am Nov 30, 2020 3:41am
Quoting emmanuel7788
{quote} GBPUSD Nov 30 M15 approaching H4 EST 1AM (10PM PDT) - a M15 setup conditions minutes before the H4 candle closes. - bounce 5.7, Slope 4.8 is the breakout bar/candle of the M15 Master Candle consolidation - will this setup run ? {image}
Leave one red MA to enter the trade by closing the candle above or below MA
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