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Trading Made Simple

  • #114,021
  • Dec 29, 2020 9:41am Dec 29, 2020 9:41am
Quoting PeterCaleb
I hope that helps. Peter
Great post Peter. Actually your quote says its all, but most will not get it.
  • #114,022
  • Dec 29, 2020 9:55am Dec 29, 2020 9:55am
Quoting DrDave
{quote} please teach us H4 master trade consolidation,thanks You didn't read all of BigE's posts where it is already explained??
The answer is always there... but one must seek.
Attached Image
  • #114,023
  • Dec 29, 2020 10:14am Dec 29, 2020 10:14am
Quoting PixelSniper
{quote} The answer is always there... but one must seek. {image}
But the problem is, too many people are seeking the answer with arms spread wide, ready to have it handed to them on a silver platinum platter, and they want to take the platter as well. All gain, no pain.
To free Gazans of Hamas, use whatever it takes.
  • #114,024
  • Dec 29, 2020 10:35am Dec 29, 2020 10:35am
Not nice trading today.
Even TDI is unhappy.
Attached Image
  • #114,025
  • Dec 29, 2020 10:47am Dec 29, 2020 10:47am
hi every one what is the use of mv 5,2 ? and where is SL?
  • #114,026
  • Dec 29, 2020 10:49am Dec 29, 2020 10:49am
Quoting DrDave
{quote} But the problem is, too many people are seeking the answer with arms spread wide, ready to have it handed to them on a silver platinum platter, and they want to take the platter as well. All gain, no pain.
That's a huge problem, especially when it comes to trading. People literally spent 2-30 years of their life to become profitable in this arena, and some just want to be served with everything in couple of weeks. There are people who traded for legit 30 years and still learning,imagine.
The best traders are always humble.They have statements such as ''I don't think I'm a smart trader but it is important to learn risk management, I think I'm learning, Well It was a good month/year'' etc.
And these guys are actual sharp toothed monsters ripping through this market, lol.
  • #114,027
  • Dec 29, 2020 5:40pm Dec 29, 2020 5:40pm
Nice setup on GBPAUD. Going to pull the trigger on the open of next H4 candle. Thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud.JPG Size: 197 KB
  • #114,028
  • Dec 29, 2020 6:54pm Dec 29, 2020 6:54pm
Quoting T4Trade
{quote} please teach us H4 master trade consolidation,thanks {image}
Master Candles are simply what Big E refer them as big candle and small candles in this thread.

First, learn the correct definition of a Master Candle MC and do your eyeball practice on your charts. You do not need any indicator on you charts. But an indicator would help you see all the MC and the frequency of MCs in your chart history.

When I trade TMS price action , I only pick Master Candle[3] because these occurs most frequent than MC[4], MC[5], etc.
A big candle followed by a small candle is Mother Bar / Inside Bar, these can become a MC[3] after the next 2 candles closed.

Follow these post and pdfs,

Old post and pdf by members bistolis
https://www.forexfactory.com/thread/...29#post9649629

Another post and pdf by member joynal2u
https://www.forexfactory.com/thread/...62#post8243062


Also search youtube for the old tutorial by Dean Malone where he also picked up the Master Candle stuff years after Big E passed away.

Do Not confuse Master Candle on your Weekly chart with the other Weekly Control Candle WCC by strat
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,029
  • Dec 29, 2020 7:00pm Dec 29, 2020 7:00pm
Quoting emmyidk
Nice setup on GBPAUD. Going to pull the trigger on the open of next H4 candle. Thoughts? {image}
I Keep It Simple.

I have TMS_V19 as my trading tool which provide all the information I need to plan and decide my trade.

GBPAUD Dec 30 H4

- right now, no buying based on the technicals
- today Dec 30 - no 4H swing trading
- scalp the 4hr for 10pips, 15pips, 20pips and TPx.
- trade H1 during the European session and close all trades by London session closing time.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Dec 30 H4 V_19 30-12-2020 8-55-50 am.png Size: 79 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,030
  • Dec 29, 2020 7:08pm Dec 29, 2020 7:08pm
Quoting Tekkies
{quote} Thanks Peter. ---- BigE is method like he has left it for us to enjoy is the star of this show.

@Tekkies

Take your time and digest the wisdom that PeterCaleb offered you in his brilliant post.

There are several takeaways in his one post.

One of which is exactly what Big E already said in his reply to a long time TMS trader. You will figure that one out on your own. At the end you will know whether you will make it to trade like Big E.

Do not be rash and reckless.
" The ability to think properly is paramount"
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,031
  • Dec 29, 2020 7:20pm Dec 29, 2020 7:20pm
Quoting emmanuel7788
{quote} I Keep It Simple. I have TMS_V19 as my trading tool which provide all the information I need to plan and decide my trade. GBPAUD Dec 30 H4 - right now, no buying based on the technicals - today Dec 30 - no 4H swing trading - scalp the 4hr for 10pips, 15pips, 20pips and TPx. - trade H1 during the European session and close all trades by London session closing time. {image}
Thanks for your feedback! could you elaborate on what you mean by the technicals? And when would you enter in the scalps?
  • #114,032
  • Dec 29, 2020 7:34pm Dec 29, 2020 7:34pm
Quoting emmanuel7788
Anyone have trade plan for GBPAUD, GBPCAD abd GBPNZD? Look to sell now. make sure you use %risk and and use Position Sizing, and use R-Multiple trade management,. *** important that you use TMS_V19 H4 for trade information and trade planning. Example below {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Dec 29 POMO 30-12-2020 9-31-18 am.png Size: 81 KB

even when I scalp for 10pips, 14pips, 20pips and TPx,...

I follow the 4hr direction.

This is what Big E' experience taught many of us... use our brains.
#281

GBPNZD Dec 29
- 2 batches sell trades
- use Capital Protection and exit when price pulls back . Do Not use TDI for exit.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Dec 29 M15 trades 30-12-2020 9-23-51 am.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,033
  • Dec 29, 2020 7:48pm Dec 29, 2020 7:48pm
Dec 30 Asian session 'rush hour'

AU Dec 30

- price action test of 5EMA and takes off!

Attached Image (click to enlarge)
Click to Enlarge Name: AU Dec 30 text of 5EMA 30-12-2020 9-46-42 am.png Size: 76 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,034
  • Dec 29, 2020 7:50pm Dec 29, 2020 7:50pm
Dec 30 Asian session 'rush hour 2'

- breaks high and pulled back and
- bounce off its 5EMA
- on radar is BRN 1.2300

Attached Image (click to enlarge)
Click to Enlarge Name: EU Dec 30 morning rush 30-12-2020 9-45-48 am.png Size: 76 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,035
  • Dec 29, 2020 7:51pm Dec 29, 2020 7:51pm
Thank you for saying that emannuel7788. Actually everything I said was directed to aid Tekkies ABOUT most people I have seen here in this thread. Yes I am afraid that includes you. Many of the things I have witnessed here is nothing short of despicable behavior and the "ones with a higher impact ranking" are usually the worst offenders. Looking at the pic of your chart earlier attached here, then looking at how long you have been active on this site are both telling signs of insecurity. Not a good thing in a real life trader. How can I say such things? When the simple truth is your friend it's easy to do things others will not or cannot.

Q - 5700 pages and people are STILL struggling? Why? HOW?

Peter

Real Trading is not gambling.
  • #114,036
  • Dec 29, 2020 7:54pm Dec 29, 2020 7:54pm
Its crazy Dec 30 I have not seen for quite long time.

Asian session 'rush hour' ... whatever spooked the USD ... thank you !

GBPUSD -

- breaking the double master candle[3]

-

Attached Image (click to enlarge)
Click to Enlarge Name: GU Dec 30 double MC3 30-12-2020 9-46-15 am.png Size: 76 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,037
  • Dec 29, 2020 8:00pm Dec 29, 2020 8:00pm
Yes I said struggling. In their mind's eye - yes struggling.

You've got no depth perception of the market. And IF you are trading the GBP pairs you DEFINITELY need proper perception. You have 2 indicators that basically do the same thing except for the variable of depth. Did you know that?

Relative Depth Perception

Attached Image (click to enlarge)
Click to Enlarge Name: Relative Depth Perception.png Size: 57 KB

Now what happens next here will be interesting. Will I be shutdown saying I don't know what I am talking about? Or will it be that I clearly don't understand the way the thread starter intended people to use his approach?

Peter
Real Trading is not gambling.
  • #114,038
  • Dec 29, 2020 8:04pm Dec 29, 2020 8:04pm
As requested by Tekkies I removed my post.
Real Trading is not gambling.
  • #114,039
  • Dec 29, 2020 8:09pm Dec 29, 2020 8:09pm
Proponents within the field of trading are usually very stubborn and are generally the first to dig their own hole. But it doesn't have to become a grave. And the ones who thinks they are safe are usually the greatest at risk.

Peter
Real Trading is not gambling.
  • #114,040
  • Dec 29, 2020 8:18pm Dec 29, 2020 8:18pm
Quoting PeterCaleb
Thank you for saying that emannuel7788. Actually everything I said was directed to aid Tekkies ABOUT most people I have seen here in this thread. Yes I am afraid that includes you. Many of the things I have witnessed here is nothing short of despicable behavior and the "ones with a higher impact ranking" are usually the worst offenders. Looking at the pic of your chart earlier attached here, then looking at how long you have been active on this site are both telling signs of insecurity. Not a good thing in a real life trader. How can I say such...

@Peter.

I recognise wisdom which comes from years of personal experience and age, ...

I read what people do and say in public forums. Some speak the hard truth which hurts.

Many people here had wanted to help others in the past and in the present including Tekkies. The thing is different people have their different ways how they offer help here. Some people prefer to hold hands, some people prefer to spoon feeding, some are simply tough critics in their own ways.

Tell you the truth, you are wrong about me and making judgement about my feeling insecurity. I post here to shared the my journey learning so many things in this thread and from others in Forex Factory. I don't feel insecure in life and in public forums. The many years I spent posting in this thread is fact that many have come and went away and did not spend enough time to learn and discover new thin sg on their own.

Many simply take what the OP posted in this thread and ignores his old thread. Tekkies is one who rant about 463 posts by the OP in this thread would be enough to trade and achieve financial freedom. This is all one huge lie. It takes more than just 463 posts to learn about trading the markets and to be able to make money consistently in one lifetime.

Trading can be made simple and that I believe the OP was right after I followed his entire trading journey in Forex Factory. This is the reason why I post in this thread after learning from other members in Forex Factory who were also traders with him during his FF lifetime. I know it is possible to make money in trading the markets, but in this retail spot forex market it is just too tough and near impossible for people who lack the knowledge and the experience, and the beliefs to make it happen.

Thank you from posting and sharing your thoughts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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