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Trading Made Simple

  • #114,841
  • Jan 9, 2021 5:51pm Jan 9, 2021 5:51pm
Quoting Dimsss
1) candle under the yellow line 2) candle crosses the yellow line 3) the candle above the yellow line Which of these three candles first?
Dimsss asked about yellow line question....

Big E reply:

Dimsss,

We don't use the Yellow line... Only the TDI for signals... Read the thread.
Quoting eelfranz
Dimsss, We don't use the Yellow line... Only the TDI for signals... Read the thread.
Please read the thread thoroughly. Do Not read selectively picking out only word(s) and short phrases.
Also study as you read. You will learn more when you study. Pay attention to the OP' charts and the details on his charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,842
  • Jan 9, 2021 6:08pm Jan 9, 2021 6:08pm
Quoting robots4me
{quote} "If H1 does not crossover, M15 will have enough profit (even 1 pip) to close order." Unless, of course, it swings the other way. There are 4 M15 bars / H1 bar. Swings occur every 3-8 bars (regardless of time frame). So -- you have 45 minutes for price to go the other direction before that H1 bar closes. And that falls within the range of 3-8 bar swings. So, M15 may not necessarily have enough profit to close in the green or even break even. It's not a bad approach -- just that it's not necessarily as "sure-proof" as some make it sound. When...

It happened several times last week..

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE buy12278 10-1-2021 7-55-52 am.png Size: 98 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,843
  • Jan 9, 2021 6:20pm Jan 9, 2021 6:20pm
Quoting mesobhai
{quote} Hi Tekkies mark tl in m15 and entry in h1?
@mesobhai

mark tl in m15 and entry in h1? what is 'tl'?

if your 'tl' means trendline, TMS does not require any trendline in M15 or H1 chart.

if you are new to forex trading, according to Big E you need to have the basic stuff and a good place to start is babypips.com (Post #647)

if you want to trade M15, then read and study the OP Big E posts and his charts. It is important that you follow Big E Post #261

Big E trading M15 examples
#8601
https://www.forexfactory.com/showthr...10#post4800310
#7025
https://www.forexfactory.com/showthr...34#post4750234
#954
https://www.forexfactory.com/showthr...50#post4585950
#956
https://www.forexfactory.com/showthr...85#post4585985
#746
https://www.forexfactory.com/showthr...30#post4582930
#731
https://www.forexfactory.com/showthr...39#post4582839
#701
https://www.forexfactory.com/showthr...53#post4582253
if you want more examples,
https://www.forexfactory.com/showthr...95#post4576995

#4318 (old thread)
https://www.forexfactory.com/showthr...83#post4556583
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,844
  • Jan 9, 2021 6:34pm Jan 9, 2021 6:34pm
#281
Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
#8703
Quoting eelfranz
I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again. I'll report the results in a week or so... I'll only enter if the candles are medium length or larger... wish me luck ...
#670
Quoting eelfranz
If any of you know something BASIC about trading the forex... that's helped you... post it for the benefit of others.. We have many newer traders it can help.
We are into the new year and it is only the second trading week in 2021 with 51 weeks to go.

Let's make the transition to trade the 4hr and also the Daily (#281) and we shall also trade the Daily (#8703) starting from the following next Week 03, Jan 18. when I resume my 4H and Daily/Weekly Swing Trading.
I shall be sharing with you all those basic things which have helped me developed my own trading systems over the past many years. Keep an open mind when you follow this thread.
And make sure you have completed your reading, studying and learning from the OP and all his posts in Forex Factory, and you have mastered his 5-Method.

Trust me, you don't need luck when you have the knowledge and experience plus the skills.

Stay Tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,845
  • Jan 9, 2021 6:40pm Jan 9, 2021 6:40pm
Quoting emmanuel7788
#281 {quote} #8703 {quote} #670 {quote} We are into the new year and it is only the second trading week in 2021 with 51 weeks to go. Let's make the transition to trade the 4hr and also the Daily (#281) and we shall also trade the Daily (#8703) starting from the following next Week 03, Jan 18. when I resume my 4H and Daily/Weekly Swing Trading. I shall be sharing with you all those basic things which have helped me developed my own trading systems over the past many years. Keep an open mind when you follow this thread. And make sure you have completed...
Read these posts, study every detail and take notes of what you see with your knowledge and experience. We trade based on these examples and use our own Money Management strategies. We develop our mental fitness as we trade in live market conditions trading with real money.

Big E' post and chart examples

Daily trade charts examples

#357
https://www.forexfactory.com/showthr...50#post4577150
#283
https://www.forexfactory.com/showthr...96#post4576096
#4171
https://www.forexfactory.com/showthr...11#post4527311
#3850
https://www.forexfactory.com/showthr...23#post4441523
#3679
https://www.forexfactory.com/showthr...85#post4420885
#3573
https://www.forexfactory.com/showthr...29#post4412229

Weekly trade examples
#700
https://www.forexfactory.com/showthr...00#post4582200
#1967
https://www.forexfactory.com/showthr...07#post4605507
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,846
  • Jan 9, 2021 6:50pm Jan 9, 2021 6:50pm
Quoting eelfranz
A/J Daily chart trade... $9,340 folks... You can too... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Big E 4171 chart CHS.png Size: 104 KB

What I look for every month and quarterly are trades like this example by Big E.
You don't have to trade often but you look at more pairs for more Daily trade opportunities.

And when you know when and how to seize those opportunities , the potential money you make can be huge supplement to your year-end bonus.

Attached Image (click to enlarge)
Click to Enlarge Name: IG Markets USD10,000 7-1-2021 2-32-08 am.png Size: 56 KB

PATIENCE is a virtue and having DISCIPLINE is key!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,847
  • Jan 10, 2021 1:05am Jan 10, 2021 1:05am
Quoting robots4me
{quote} "If H1 does not crossover, M15 will have enough profit (even 1 pip) to close order." Unless, of course, it swings the other way. There are 4 M15 bars / H1 bar. Swings occur every 3-8 bars (regardless of time frame). So -- you have 45 minutes for price to go the other direction before that H1 bar closes. And that falls within the range of 3-8 bar swings. So, M15 may not necessarily have enough profit to close in the green or even break even. It's not a bad approach -- just that it's not necessarily as "sure-proof" as some make it sound. When...
Showed how to test M15H1, have posted enough "problem is with the advice or how it is given" like:
Post 109,918 M15 TDI give a alert, check TDI setup, H1 check TDI setup (best setup is when TDI is about to crossover in the last 15min of that hour.)
It is up to reader /trader to do his own homework.

"H4 bars that BigE recommends"
That is exactly what those H4 /D1 bars are > recommendations. The choice to follow that recommendations will always be with the trader.
  • #114,848
  • Jan 10, 2021 1:39am Jan 10, 2021 1:39am
Quoting emmanuel7788
{quote} It happened several times last week.. {image}
Why do you enter a buy trade when TDI H1 green angle is below 4?
Why did you ignored BigE's advice to:
#6...... Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.
#495.... I generally exit at 10-15 pips to keep my profit
Attached Image (click to enlarge)
Click to Enlarge Name: whyyeresde.PNG Size: 50 KB

The blue vlines is (in hindsight) showing M15H1 could have saved some pips.

Emmanuel, when you want to beat a "dead TDI" you will find a stick to do so. Don't blame TDI for the screw ups you made.
  • #114,849
  • Jan 10, 2021 2:08am Jan 10, 2021 2:08am
Quoting Tekkies
{quote} No. Trade in M15 with TDI + post#647, H1 TDI is to confirm direction for intended entry in M15. Basically M15 is used to enter the trade so that when H1 do crossover (with post#647) you have placed the trade at the beginning of that new bar. If H1 does not crossover, M15 will have enough profit (even 1 pip) to close order.
Thanks
  • #114,850
  • Jan 10, 2021 2:09am Jan 10, 2021 2:09am
Quoting emmanuel7788
{quote} Read these posts, study every detail and take notes of what you see with your knowledge and experience. We trade based on these examples and use our own Money Management strategies. We develop our mental fitness as we trade in live market conditions trading with real money. Big E' post and chart examples Daily trade charts examples #357 https://www.forexfactory.com/showthr...50#post4577150 #283 https://www.forexfactory.com/showthr...96#post4576096 #4171 https://www.forexfactory.com/showthr...11#post4527311...
trying to read all Bige post
thanks for help
  • #114,851
  • Jan 10, 2021 2:17am Jan 10, 2021 2:17am
Quoting Tekkies
{quote} How did you get that red flag? One way is to load the MT4 with the charts required for MTF system and use the attached indicators in Post 93,055 Now follow the steps for MTF trade as used by "anyone" on that webpage or thrend. ==(in image below "anyone"= Tekkies is using M15H1) M15 > TDI green cross red with stoch confirming direction > Press F12 until such a crossover become visible. > Apply post#647 > Mark entry on M15 with vline and trendline > vline and trendline...
how did you get read flag I have a doubt about your understanding. you trade TDI you don't know how TDI works. You trade BigE 5 method. But you disrespect BigE's wish, you remove 5 EMA and HA. which was part of the BigE's 5 methods. You are disrespectful to BigE.
I never said to anyone that I use BigE's method But you said you use the BigE method but you don't use the BigE method as he said to us. Sorry to say girl you are a dishonest girl. All we know what to call a dishonest girl, I will not say that.
You have no right to post here, if you improve or if you have developed new ideas why don't you open your own thread. I know you will never do that because you come here to mislead people.
You don't want me to post here, why, Is it your thread. No,
But you want full control of the thread. you want to remove all the senior trader from here. You have some bad intentions. You want to play with New traders.
MA provides the market's current direction and strength.
  • #114,852
  • Jan 10, 2021 2:42am Jan 10, 2021 2:42am
Quoting DrDave
{quote} Uh-oh! I must be doing something VERY wrong, according to your spiel, because I employ MTF for BOTH analysis and trading. Maybe the fact that I have a FOCUS TF that changes dynamically as time progresses that helps with my decision making and trading? But don't confuse a FOCUS TF with focusing on a single TF. Oh, wait, wait, WAIT a minute! It must be all of that unbelievable LUCK that I have. Yeah, uh- huh, das right, mus' be all dat dang luck!

You don't read BigE post
Read this- and Be respectful towards BigE



Thanks Jaz. I just received this email from a full time trading associate which contains solid information about trading. I personally believe it applies to all time frames. CONSIDER HIS MESSAGE:

Hi Eric,

I have been trading for 7 years now so I have learnt a thing or two about this business. I can't tell you what others did early on to become successful traders but I can tell you what I did. So here are the crucial steps I took that made me a profitable trader:


1. I Picked A Timeframe

The first step was to pick a single time frame. By this time, I had been trading Forex for about 6 months so I knew my way around the markets. I quickly learned that smaller time frame charts are hard to analyse because they are erratic and prone to random movements.

I decided to jump up to the 4 hour charts and I haven't looked back since. I strongly believe that every trader should trade on hourly charts or above.

The point is not so much what timeframe I traded it's the fact that I picked a single time frame, and stuck to it. To me it was all about simplifying trading so I could more efficiently learn to trade.

So looking at a single timeframe had several benefits:

1. Allowed me to concentrate on learning one time frame, therefore removing a lot of the confusion you can have when juggling multiple time frames.
2. Gave me less charts to look at and allowed me to concentrate more on analysing a single currency pair.
3. Stopped me from over analysing my pair. Looking at too many time frames gave me conflicting signals.

Overall having a single time frame keeps it simple.


2. I Picked a Pair

This was exactly the same concept as picking a single timeframe. It just simplified my trading concentrating only on a single pair. When you're a professional trader making tons of profit you can trade as many pairs as you want. However as you're learning it's best to concentrate on one pair. Here's why:

1. Each Pair is Unique: Trading a single pair allows you to learn how that pair breaths. You will know a lot about a single pair instead of knowing a little about 5 pairs.
2. Speeds up Learning: Trading a single pair with a single time frame gives you only 1 chart to look at. This allows you to concentrate all your analysis on a single pair.

The idea behind picking a single pair to trade is a simple one. It is all about simplifying trading so you can learn to become a consistently profitable trader.


3. I Set My Targets

This was absolutely essential. I do not mean I set my targets on a per trade basis. I mean I set myself weekly and monthly targets. I have discussed in this previous article how important discipline is. As a newbie, what I needed above all else was discipline and the way I became disciplined was by setting targets.

I looked at my method and I decided it was capable of generating around 50-70 pips per trade, giving me on average two trades per week. So I set my weekly pip goal to 100 pips. When I meet my goal I stopped trading for the week.

Why was this so important?

It was important because

1. It gave my trading structure and allowed me to plan ahead, long term.
2. It gave me a goal to aim for instead of trading aimlessly.

That's not all it did though. I fought against the biggest psychological pitfalls, which I discussed previously in this article, such as the tendency to overtrade and being undisciplined.

The urge to overtrade is one of the biggest problems a newbie trader faces. If you have a set target once you reach it you can relax, and take it easy for the rest of the week. It removes that pressure traders usually have to make more and more pips. It also keeps you disciplined because it gives you a structured plan that you can stick to.


Summary

If you follow these 3 steps I can guarantee you that your trading will improve immensely. It will take time but if you can stick to it you will begin to notice improvements. If you want to succeed you need to simplify your trading and you need to become disciplined. Chaos and complexity will get you nowhere.

Thanks,
Nick B
Founder & boss of Forex4Noobs

It's good advice. Big E
MA provides the market's current direction and strength.
  • #114,853
  • Jan 10, 2021 2:57am Jan 10, 2021 2:57am
Quoting Tekkies
{quote} Why do you enter a buy trade when TDI H1 green angle is below 4? Why did you ignored BigE's advice to: #6...... Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal. #495.... I generally exit at 10-15 pips to keep my profit {image} The blue vlines is (in hindsight) showing M15H1 could have saved some pips. Emmanuel, when you want to beat a "dead TDI" you will find a stick to do so. Don't blame TDI for the screw ups you made.
@Tekkies

I did not buy EURUSD on Jan 07. A rookie did.

See my post #114,771
===============================
EU H1 buyers and sellers - Jan 08

- get out when you can? ... FEAR and GREED!

- cut-losses and plan your next trades


Attached Image (click to enlarge)
Click to Enlarge Name: EU Jan 08 H1 get out when you can 8-1-2021 8-24-09 am.png Size: 84 KB

Solve this Puzzle : <52,26,13,40,20,10,5,16,8,4,2,1>
=================================
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,854
  • Jan 10, 2021 3:07am Jan 10, 2021 3:07am
Quoting hasib
{quote} You don't read BigE post Read this- and Be respectful towards BigE Thanks Jaz. I just received this email from a full time trading associate which contains solid information about trading. I personally believe it applies to all time frames. CONSIDER HIS MESSAGE: Hi Eric, I have been trading for 7 years now so I have learnt a thing or two about this business. I can't tell you what others did early on to become successful traders but I can tell you what I did. So here are the crucial steps I took that made me a profitable trader: 1. I Picked...
You have no way of knowing how many of BigE's posts that I have read, so stop with the propaganda tactic of making a statement without supporting evidence, but making it sound like a fact.

Actually, I have read all of BigE's posts. What you have copy-pasted is one person's experience.

From this, you are misleading readers into believing that this story is THE WAY to success. Well then consider this: Person PPP bought a lottery ticket on Friday the 13th the day after the appearance of a new moon. It was a million dollar payout. So, dear readers, with such a terrific system that leads to instant riches, everyone simply needs to be patient and follow those rules related to the new moon and Friday the 13th and you, too, will reap the same rewards. After all, it is such a simple system that even a child can follow it to financial freedom.
To free Gazans of Hamas, use whatever it takes.
  • #114,855
  • Jan 10, 2021 3:10am Jan 10, 2021 3:10am
Quoting hasib
{quote} how did you get read flag I have a doubt about your understanding. you trade TDI you don't know how TDI works. You trade BigE 5 method. But you disrespect BigE's wish, you remove 5 EMA and HA. which was part of the BigE's 5 methods. You are disrespectful to BigE. I never said to anyone that I use BigE's method But you said you use the BigE method but you don't use the BigE method as he said to us. Sorry to say girl you are a dishonest girl. All we know what to call a dishonest girl, I will not say that. You have no right to post here, if...
hasib, that sounds EXACTLY, like the ToxicFakeTrader talking! You poor guy ...
To free Gazans of Hamas, use whatever it takes.
  • #114,856
  • Jan 10, 2021 3:20am Jan 10, 2021 3:20am
"If you want to succeed you need to simplify your trading and you need to become disciplined. Chaos and complexity will get you nowhere.
Quoting hasib
{quote} You don't read BigE post Read this- and Be respectful towards BigE Thanks Jaz. I just received this email from a full time trading associate which contains solid information about trading. I personally believe it applies to all time frames. CONSIDER HIS MESSAGE: Hi Eric, I have been trading for 7 years now so I have learnt a thing or two about this business. I can't tell you what others did early on to become successful traders but I can tell you what I did. So here are the crucial steps I took that made me a profitable trader: 1. I Picked...



Big E was a honest person.

"If you want to succeed you need to simplify your trading and you need to become disciplined. Chaos and complexity will get you nowhere. "

true!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,857
  • Jan 10, 2021 3:24am Jan 10, 2021 3:24am
Quoting DrDave
{quote} hasib, that sounds EXACTLY, like the ToxicFakeTrader talking! You poor guy ...

hasib,

and that is PERFECT EXAMPLE of voices in his head and of FakeDr aka DrDick having his usual weekend mental meltdown due to another week of losing trades and drawdown.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,858
  • Jan 10, 2021 3:25am Jan 10, 2021 3:25am
Quoting robots4me
{quote} R4M-BBMACD-v1.00 Indictor (continued) I'm sharing an updated version of my modified version of the BBMACD indicator. I've added arrows to show the transitions from bullish-to-bearish and bearish-to-bullish trends. The arrow markings, along with the blue and purple dots, provide directional clues -- similar to Stochastics. By combining red-green crossings plus directionality in the same indicator then it becomes easier to identify where the algorithms align and to make your discretionary decsion whether to open a BUY or SELL position. The...
Please can create a MTF Version from this one ? If can add with alert will be nice for first arrow . Thanks a lot . Im a big fan from you Great Stuff
  • #114,859
  • Jan 10, 2021 3:27am Jan 10, 2021 3:27am
Quoting Tekkies
{quote} Why do you enter a buy trade when TDI H1 green angle is below 4? Why did you ignored BigE's advice to: #6...... Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal. #495.... I generally exit at 10-15 pips to keep my profit {image} The blue vlines is (in hindsight) showing M15H1 could have saved some pips. Emmanuel, when you want to beat a "dead TDI" you will find a stick to do so. Don't blame TDI for the screw ups you made.
@Tekkies

and those were your own trades on Jan 07 and Jan 08,

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE Eu buys Jan 07 10-1-2021 4-45-11 pm.png Size: 52 KB


You ignore Big E

Post#261 and
HA Candles are important because it makes your trading way less stressful... use them.

Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.

5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... practice on Demo... take some chances and see if yor head computer was right... it's free.

HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !

#281.

Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #114,860
  • Jan 10, 2021 3:29am Jan 10, 2021 3:29am
Quoting hasib
{quote} how did you get read flag I have a doubt about your understanding. you trade TDI you don't know how TDI works. You trade BigE 5 method. But you disrespect BigE's wish, you remove 5 EMA and HA. which was part of the BigE's 5 methods. You are disrespectful to BigE. I never said to anyone that I use BigE's method But you said you use the BigE method but you don't use the BigE method as he said to us. Sorry to say girl you are a dishonest girl. All we know what to call a dishonest girl, I will not say that. You have no right to post here, if...
Hasib, take all of BigE's advice.
Post 4,088.....If you don't like HA Candles then trades the Japaneese candles.
Post 718.... I changed to using the TDI candle #1 or 2 for entries.
Based on above, HA and 5EMA has been removed.

You do understand what this means?
Post#285..... Quit making excuses.. if it was any simpler there wouldn't be a method... it's bare bones now. Simple rules, easy TDI entries and exits... fine tune it to your understanding... don't add anything... don't complicate it.

As to "disrespect BigE's wish"
Where is TDI, HA, Stoch, 5EMA on the chart's you post in this thread?
Are you doing what BigE has asked members not to do?

As to "if you have developed new ideas why don't you open your own thread."
Same goes for you Hasib. why don't you open a thread and post your new ideas in that thread.

As to "You have no right to post here"
Your own words Hasib: "You don't want me to post here, why, Is it your thread. No"
Thank you for your understanding about the rights of members.

Least but not last: "I never said to anyone that I use BigE's method"
Why do you post in this thread when you don't even use BigE's method.
You are no different then all the other members that come here, posting their methods and "play with New traders"

You are a nice one to post about "disrespect "
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