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Trading Made Simple

  • #114,001
  • Dec 29, 2020 4:11am Dec 29, 2020 4:11am
Quoting Tekkies
{quote} Small support and bang up she goes. It is easy to see those support/resistance lines and consolidation aswell. Look at price line and check how many bars "bounce" against price for support/resistance and how many candles(bars) price cut in "half" for consolidation. {image} Little Resistance? {image}
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@Tekkies

Keep It Simple: Follow what Big E posted in this thread and also his old thread.

5EMA,Typical Price, Shift+2 is what another member shared with him. And he see that as direction of the price action and also when the 5EMA show confluence with 10EMA, Close, there is PA bounce .

Today is a good example why you should follow Big E and use his chart template.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,002
  • Dec 29, 2020 4:53am Dec 29, 2020 4:53am
Quoting emmanuel7788
{quote} {image} @Tekkies Keep It Simple: Follow what Big E posted in this thread and also his old thread. 5EMA,Typical Price, Shift+2 is what another member shared with him. And he see that as direction of the price action and also when the 5EMA show confluence with 10EMA, Close, there is PA bounce . Today is a good example why you should follow Big E and use his chart template. {image}
Really?
You should take other posts by BigE into considerations.
Post#718
At one time I used the 5ema in a different way. Back then if a candle closed across the 5ema it was the set up candle. I would enter the trade at the beginning of the next candle if it was the same color.... and that still works... this is more conservative...
I am more aggressive now and noticed I was giving up some pips doing it that way so I changed to using the TDI candle #1 or 2 for entries.
I left it on my chart because I like to see how PA interacts with the 5ema line during the trade.
Gives me a better feel for what's going on... that's mainly the reason...

Try to understand the full meaning of this post.
If you can.
  • #114,003
  • Dec 29, 2020 5:01am Dec 29, 2020 5:01am
Quoting Tekkies
{quote} Now he restore to Schizophrenia. Dave, does not matter what we post, old Emmanuel got to be right all the time. Let's ignore the bumble bee and rather focus on trading next year. Readers are tired of this mudsling and we are only wasting our own time to respond to Emmanuel's insane jabbering.
Let's ignore the bumble bee

Yeah, with the emphasis on BUMBLE!

The poor guy, after 10 YEARS of dealing with the TMS thread, has FINALLY managed to work his way up from consistently in the red month-after-month to the BEGINNER'S whopping 65% success rate!

Don't forget about the stopped clock that is correct 2 out of 24 hours every day! If you have a system that can guarantee 2 winners out of 24 (a mere 8% win rate), then such a SIMPLE system enables you to have a WINNING edge, because for the remaining 22 trades, you can FLIP A COIN and achieve 11/22 = 50%.

So now combining those 2 guaranteed wins of your system with SIMPLE CHANCE of coin flips, you have a WINNING EDGE with13/24 or 54% success rate!

Can you imagine how someone could be struggling for at least 20 YEARS to figure out how to get a system with a mere 8% win rate and failing over and over and over again? WOW! No wonder the guy had a mental breakdown--couldn't even figure out how to beat a stopped clock!!!
To free Gazans of Hamas, use whatever it takes.
  • #114,004
  • Edited 7:03am Dec 29, 2020 5:06am | Edited 7:03am
Quoting Tekkies
Going down? Left chart not refreshed. {image}
Do you realize that the EURUSD "big picture" is trading inside of the H8 up swing? So these down swings on smaller TFs are just pullbacks to be bought?

Unless, of course, the pullback is on a big enough TF where the current volatility makes it worthwhile to consider those counter-trend entries.
To free Gazans of Hamas, use whatever it takes.
  • #114,005
  • Dec 29, 2020 5:11am Dec 29, 2020 5:11am
Quoting Tekkies
{quote} Really? You should take other posts by BigE into considerations. Post#718 At one time I used the 5ema in a different way. Back then if a candle closed across the 5ema it was the set up candle. I would enter the trade at the beginning of the next candle if it was the same color.... and that still works... this is more conservative... I am more aggressive now and noticed I was giving up some pips doing it that way so I changed to using the TDI candle #1 or 2 for entries. I left it on my chart because I like to see how PA interacts with the...

@Tekkies

Of course I know Post #718 very well. I have mastered the 5-Method and taking clean trades is a breeze for me the last 5 years.

When you want to use TDI for entry HA#1 and HA#2, you must have learned and mastered what the True REVERSAL candle is. The True REVERSAL candle must have a swing high or a swing low, plus the reversal price action which has the Stochastic cross signal as confirmation ( that is the NFF setup by Craig Harris) and Big E use that with the Synergy set-up with TDI signal plus the the HA candle body must be medium size and larger.
This is not difficult at all and is very simple to learn and master but requires a lot of DISCIPLINE when we have to look for the best A+++ setup .

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The key is to know the market type conditions and then to use a proven Money Management strategy to help generate the cash flow as second income.
ALL your need is 65% win rate and Positive Expectancy. If you can achieve and maintain an Expectancy >2.0 you will make money. To enjoy financial freedom you need to be financially independent and have lots of extra cash to trade what you want.



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,006
  • Dec 29, 2020 5:18am Dec 29, 2020 5:18am
Quoting DrDave
{quote} Do you realize that t he EURUSD "big picture" is trading inside of the H8 up swing? So these down swings on smaller TFs are just pullbacks to be bought? Unless, of course, the pullback is on a big enough TF where the current volatility makes it worthwhile to consider those counter-trend entries.
Dave, EU is now stuck in consolidation, H1 TDI is against 68 level.
Can only wait now for price to go down again.
Maybe price is cooking one nice nasty surprise for me.
Accumulation before distribution to the upside.
  • #114,007
  • Dec 29, 2020 5:22am Dec 29, 2020 5:22am
Quoting DrDave
{quote} Let's ignore the bumble bee Yeah, with the emphasis on BUMBLE! The poor guy, after 10 YEARS of dealing with the TMS thread, has FINALLY managed to work his way up from consistently in the red month-after-month to the BEGINNER'S whopping 65% success rate! Don't forget about the stopped clock that is correct 2 out of 24 hours every day! If you have a system that can guarantee 2 winners out of 24 (a mere 8% win rate), then such a SIMPLE system enables you to have a WINNING edge, because for the remaining 22 trades, you can FLIP A COIN and achieve...
Hey FakeDr aka DrDick

There is no such post where the OP said "BEGINNER'S whopping 65% success rate!". No newbie trader can achieve and maintain that win rate for 3 years.
Its all in your delusional mind and one of the many voices telling your all kinds of stories and repeating old stories over and over again.

Have you figured out how the different versions of CandleStickTrailingStop work with price bar and HA candles? LOL.

65% win rate is what TMS traders must learn, practice , practice, practice and to achieve in 2 to 3 years and keep a CONSISTENT win rate for 36 months.

You are a joke in this thread posting rubbish every day disrespecting the OP and other members who come here to learn how the OP traded his 5-Method.

Go back to your failed trading system TDA with IMT thread and post your daily laughs in your own thread. You schizophrenic!

Leave this thread alone for members who come here to learn to trade and to trade TMS 5-Method.
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,008
  • Dec 29, 2020 5:33am Dec 29, 2020 5:33am
Quoting Tekkies
{quote} Dave, EU is now stuck in consolidation, H1 TDI is against 68 level. Can only wait now for price to go down again. Maybe price is cooking one nice nasty surprise for me. Accumulation before distribution to the upside.

@Tekkies

The market will set you up when you are trading blindly the TDI green cross red.... you call that "cooking one nice nasty surprise for me".

You have to go back to babypips.com like what the OP said in his Post#647. Obviously you have not learn enough of the forex basic stuff.

Look at H4 TDI ... the Volatility Band is narrowing and you can see the H4 Price Action what has happened in the last 34 to 50 H4 bars/HA candles.

Study the H4 price action and Follow the Weekly Trend 2/8. When the Daily TDI follows the Weekly Trend 2/8, then we are in business and possibly make another 5R trade and risking only 1R .
It won't happen this year. Next year there are plenty more opportunities to trade EU and make several 5Rs trades.

Listen to the OP' Post #281

Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,009
  • Dec 29, 2020 5:58am Dec 29, 2020 5:58am
Quoting Godisawoman
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See that nice down channel that you marked? I would stick with that bias and treat the up swings as mere rallies to be sold. Never mind that the channel might be broken to the upside: Until there is evidence that that down channel IN THE HIGHER TF WHERE IT IS REALLY OCURRING, is no longer valid, a simple channel break does not invalidate the down bias.

But that is just my opinion, of course.
To free Gazans of Hamas, use whatever it takes.
  • #114,010
  • Edited 7:13am Dec 29, 2020 7:02am | Edited 7:13am
Quoting Tekkies
{quote} Really? You should take other posts by BigE into considerations. Post#718 At one time I used the 5ema in a different way. Back then if a candle closed across the 5ema it was the set up candle. I would enter the trade at the beginning of the next candle if it was the same color.... and that still works... this is more conservative... I am more aggressive now and noticed I was giving up some pips doing it that way so I changed to using the TDI candle #1 or 2 for entries. I left it on my chart because I like to see how PA interacts with the...
Try to understand the full meaning of this post. If you can.
You know that is quite a challenge for him. Don't you remember that he spent 10 YEARS with this thread and FINALLY a DIM bulb went on and he manages the BEGINNER'S success rate of 65%--with constant hard work?
post #495 April29, 2011
Starting out you should be 60-65% successful. Within 1 to two months you should be 70-80% successful.. IF... you follow the simple rules and simple exits... 3-6 months... 85% successful. Don't complicate it... keep it simple. Buy your wheel barrow..

And of course, he was slowed even further because he figured out that

Post #15049 May 20, 2012
I also learned that I neeed to unlearn a lot of other stuff from previous years of trading.

And he is STILL struggling 8 years later with learning nonsense crap and then needing to unlearn it. No wonder that he just spins his wheels, digger deeper into his FailurePit.
To free Gazans of Hamas, use whatever it takes.
  • #114,011
  • Dec 29, 2020 7:23am Dec 29, 2020 7:23am
I'm just cherry picking and hindsighting todays gold chart, It looks like free money.
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  • #114,012
  • Dec 29, 2020 7:24am Dec 29, 2020 7:24am
Quoting DrDave
{quote} Starting out you should be 60-65% successful. Within 1 to two months you should be 70-80% successful.. IF... you follow the simple rules and simple exits... 3-6 months... 85% successful. Don't complicate it..
85-93% win ratio is possible if you are scalping or mechanical trading... That's for forex.
Good stock traders usually hold around a %70 win ratio to make 6-7 figures.
R:R is also important, 85-93%+ Win Ratio does not come up with 1:1 or 2:1 R:R, usually.. More likely to be 5:1+
  • #114,013
  • Edited 7:41am Dec 29, 2020 7:29am | Edited 7:41am
Quoting DrDave
{quote} Try to understand the full meaning of this post. If you can. You know that is quite a challenge for him. Don't you remember that he spent 10 YEARS with this thread and FINALLY a DIM bulb went on and he manages the BEGINNER'S success rate of 65%--with constant hard work? post #495 April29, 2011 Starting out you should be 60-65% successful. Within 1 to two months you should be 70-80% successful.. IF... you follow the simple rules and simple...

@DrDick -- it is so interesting that even though you can post the statement "a characteristic of a pompous ass is they can't stop responding", you are blind to the fact that is exactly what you continue to do -- over and over again. You are the poster boy for pompous asses. Whenever I post a comment to insult you, within a short time you reward me by proving it true. You are the gift that keeps giving...

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And, @DrDick, I can hardly contain my anticipation what your idiot groupie -- excuse me, @Tekkies -- will post next. A demo chart trading 20 lots? A screen shot with different TDI indicators? Oh, wait -- that was caused by the need to refresh? Really? Her chart needs to go to the lady's room to powder its nose? There are over 100,000 posts in this thread and the only one who uses charts that need to powder their nose is @Tekkies. Don't anyone tell her, but the reason why a chart's markings don't update is because it is waiting for the next OnCalculate() event. The OnCalculate() event handler is used to redraw the markings. Without a new tick then markings don't get redrawn. It's not magic -- it's right there in the source code.
  • #114,014
  • Dec 29, 2020 7:58am Dec 29, 2020 7:58am
Quoting robots4me
{quote} @DrDick -- it is so interesting that even though you can post the statement "a characteristic of a pompous ass is they can't stop responding", you are blind to the fact that is exactly what you continue to do -- over and over again. You are the poster boy for pompous asses. Whenever I post a comment to insult you, within a short time you reward me by proving it true. You are the gift that keeps giving... {image} And, @DrDick, I can hardly contain my anticipation what your idiot groupie -- excuse me, @Tekkies -- will post next. A demo chart...
I apologize for my rudeness -- but let me provide a bit of context...

When @Tekkies equated @emmanuel7788's posting to Josef Goebbels Nazi propaganda and my support of @emmanuel7788 as me being the next coming of Hitler, then there were no lines that couldn't be crossed. And that's where we're at.

So -- whenever I've completed my work I reward myself by looking for the next post with one of her inane comments -- which is like every one. And the fact that @DrDick continues to use her to get at @emmanuel7788 should provide a clue as to where here's coming from...
  • #114,015
  • Dec 29, 2020 8:02am Dec 29, 2020 8:02am
Quoting DrDave
{quote} See that nice down channel that you marked? I would stick with that bias and treat the up swings as mere rallies to be sold. Never mind that the channel might be broken to the upside: Until there is evidence that that down channel IN THE HIGHER TF WHERE IT IS REALLY OCURRING, is no longer valid, a simple channel break does not invalidate the down bias. But that is just my opinion, of course. {image}
Thanks for the advice but there is a lot more going on on the lower time-frame. I don't just trade when I see what looks like a break in a channel. Trend lines are not reliable I know.

I use very close stoploss. Thanks for d advice but If you check my channel you can see all my trades. Even though I don't share my technique.
Teerex
  • #114,016
  • Dec 29, 2020 8:33am Dec 29, 2020 8:33am
Quoting Godisawoman
{quote} Thanks for the advice but there is a lot more going on on the lower time-frame. I don't just trade when I see what looks like a break in a channel. Trend lines are not reliable I know. I use very close stoploss. Thanks for d advice but If you check my channel you can see all my trades. Even though I don't share my technique.
there is a lot more going on on the lower time-frame.
Of COURSE there is!! That's how the higher swings get formed.

Your post had no mention of smaller TFs, so my reply was aimed at the D1 that you shared.
To free Gazans of Hamas, use whatever it takes.
  • #114,017
  • Dec 29, 2020 8:43am Dec 29, 2020 8:43am
Quoting DrDave
{quote} there is a lot more going on on the lower time-frame. Of COURSE there is!! That's how the higher swings get formed. Your post had no mention of smaller TFs, so my reply was aimed at the D1 that you shared.
Oh my bad
Teerex
  • #114,018
  • Dec 29, 2020 8:44am Dec 29, 2020 8:44am
Quoting Godisawoman
{quote} Oh my bad
No harm, no foul...
To free Gazans of Hamas, use whatever it takes.
  • #114,019
  • Dec 29, 2020 8:54am Dec 29, 2020 8:54am
Quoting emmanuel7788
EURUSD Dec 29 H4 - Master Candle consolidation - follow your trade plan how to trade H4 Master Candle consolidation {image}
please teach us H4 master trade consolidation,thanks
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  • #114,020
  • Dec 29, 2020 9:32am Dec 29, 2020 9:32am
Quoting T4Trade
{quote} please teach us H4 master trade consolidation,thanks {image}
please teach us H4 master trade consolidation,thanks
You didn't read all of BigE's posts where it is already explained??
To free Gazans of Hamas, use whatever it takes.
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