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Trading Made Simple

  • #119,841
  • Jun 1, 2021 5:53pm Jun 1, 2021 5:53pm
PM Q&As

- members asked:
- what if the Trend 2/8 is Green and TDICi is Red, what is my trade direction for 4H swing trading?

Attached Image (click to enlarge)
Click to Enlarge Name: EU Jun02 H4 V19 2-6-2021 8-47-09 am.png Size: 77 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EU Weekly and Daily 2-6-2021 8-48-20 am.png Size: 36 KB

Ans:
- Follow Weekly trend/swing and know your highs and lows.
- Daily can be sideways choppy but the breakout probability is follow the Weekly.
- Use MM risk control and trade only with low risk trade ideas. Do not enter a trade at full risk. Enter smaller position, and build up as price moves in your favour.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,842
  • Jun 1, 2021 6:02pm Jun 1, 2021 6:02pm
Quoting emmanuel7788
PM Q&As - members asked: - what if the Trend 2/8 is Green and TDICi is Red, what is my trade direction for 4H swing trading? {image} {image} Ans: - Follow Weekly trend/swing and know your highs and lows. - Daily can be sideways choppy but the breakout probability is follow the Weekly. - Use MM risk control and trade only with low risk trade ideas. Do not enter a trade at full risk. Enter smaller position, and build up as price moves in your favour.

Follow the old "Yellow Brick Road"

when day trading and you are still not sure of the PA, then follow the old styled Price Action Channel iwth the APB/HA candle price action.

Attached Image (click to enlarge)
Click to Enlarge Name: EU Juno2 H1 yellow brick road 2-6-2021 8-57-18 am.png Size: 57 KB

https://www.forexfactory.com/thread/...92#post3326592

and

https://www.forexfactory.com/thread/...0#post13401950

Trade Well from today and be ready and prepared for the EU bigger move! 5R
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,843
  • Edited 9:20pm Jun 1, 2021 7:25pm | Edited 9:20pm
Why BigE talk about CCI 6. Do you have any ideas why !!
Do you think BigE knows about Woodies-CCI method?

Woodies Top 8 Setups Trade Type
1. Zero-line Reject (ZLR) trend
2. Shamu Trade counter-trend
3. Trend Line Break (TLB) both
4. Vegas Trade (VT) counter-trend
5. Ghost Trade counter-trend
6. Reverse Divergence (rev diver) trend
7. Hook from Extremes (HFE) counter-trend
8. Horizontal Trend Line Break (HTLB)- both
Attached File(s)
File Type: pdf Trading-Woodies-CCI-Indicator-System-Instructions.pdf   1.4 MB | 475 downloads
MA provides the market's current direction and strength.
  • #119,844
  • Jun 1, 2021 10:13pm Jun 1, 2021 10:13pm
New prop firm don't support indices trading. Why?
Because if the allow indices trading they will lose their profit.
Attached Image (click to enlarge)
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MA provides the market's current direction and strength.
  • #119,845
  • Jun 1, 2021 10:17pm Jun 1, 2021 10:17pm
GU Jun02 H1 Tokyo 2PM

- Price Action 5bares swing high, inside bar consolidation with BEEB set candle breaking the low of the mother bar of the inside bar.

- sell into its Day Open?

- manage risks and decide.
Attached Image (click to enlarge)
Click to Enlarge Name: GU H1 TOK2PM 2-6-2021 1-12-29 pm.png Size: 71 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,846
  • Jun 1, 2021 10:54pm Jun 1, 2021 10:54pm
Those who are interested, you can gain some idea bout Kenneth Lee thought process from here

https://www.forexfactory.com/kenneth*lee
MA provides the market's current direction and strength.
  • #119,847
  • Jun 1, 2021 11:14pm Jun 1, 2021 11:14pm
7 consecutive High monthly candle. Candle are getting smaller.
ATR is is moving lower.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 33 KB
MA provides the market's current direction and strength.
  • #119,848
  • Jun 1, 2021 11:26pm Jun 1, 2021 11:26pm
Quoting Harlem
{quote} Word of the day... Sharing is caring! Here are the files if you can't find them. They are compiled by the wonderful followers of eelfranz and TMS. I have added two more compiled posts by PHX62. Enjoy! {image} {image} {image} {image} {image} {image} {image} {image}
You will have a good idea if your read this materials share a member Harlem
MA provides the market's current direction and strength.
  • #119,849
  • Jun 1, 2021 11:32pm Jun 1, 2021 11:32pm
Quoting emmanuel7788
{quote} Follow the old "Yellow Brick Road" when day trading and you are still not sure of the PA, then follow the old styled Price Action Channel iwth the APB/HA candle price action. {image} https://www.forexfactory.com/thread/...92#post3326592 and https://www.forexfactory.com/thread/...0#post13401950 Trade Well from today and be ready and prepared for the EU bigger move! 5R
But remember, folks, if you do single entry with multiple exits, it is very likely that your net result, even if all closed in profit, will be less than 1:1 risk:reward.

Having 1/4 or 1/5 of your position exited with price that is 5X of risk does NOT make R:R of 1:5!

Don't be fooled by big looking R:R! Understand what the calculations are, then actually do the math and see it for yourself.
To free Gazans of Hamas, use whatever it takes.
  • #119,850
  • Jun 1, 2021 11:35pm Jun 1, 2021 11:35pm
Why did BigE talk about CCI but later abandon it? You can read all about it by reading all of his posts.
To free Gazans of Hamas, use whatever it takes.
  • #119,851
  • Jun 1, 2021 11:42pm Jun 1, 2021 11:42pm
2B reversal
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 46 KB
MA provides the market's current direction and strength.
  • #119,852
  • Jun 2, 2021 12:31am Jun 2, 2021 12:31am
Quoting mosiskv
Hi I got the attached a very long time ago from somebody/somewhere - Since I saw an interest in these patterns I thought to post the whole pdf. Also attached is an image posted by member TheScorpS where he states the source of the picture. Enjoy / Trade well / Mos PS. Seems the pictures in the pdf originated from "Trading Concepts" so credit to them if it is originally their work!! {image} {image}
Hi Moss, how about adding some trendlines to the mix.

Based on this from post#647: Am I in an uptrend or downtrend.. short & long term
Attached Image (click to enlarge)
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Post 133,725
  • #119,853
  • Jun 2, 2021 12:45am Jun 2, 2021 12:45am
Quoting Tekkies
{quote} Hi Moss, how about adding some trendlines to the mix. Based on this from post#647: Am I in an uptrend or downtrend.. short & long term
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Post 133,725
That is also a great example of needing to have the proper PERSPECTIVE by looking at the relevant TF.
To free Gazans of Hamas, use whatever it takes.
  • #119,854
  • Edited 1:00am Jun 2, 2021 12:49am | Edited 1:00am
Quoting DrDave
Why did BigE talk about CCI but later abandon it? You can read all about it by reading all of his posts.
Dave, BigE did not talk about CCI.
He only referred to CCI based on a pm he received from a member.
Post 9,189
For those not having a MT4 Platform : In place of the TDI -> use the CCI set to 6 and for the level enter a 0.0 line. When the line crosses the 0.0 line you normally have a set up. This info was PM'ed to me ...

Out of 1448 posts only one post about CCI is not talking about CCI.
The reason why he even mentioned CCI is contained in this: For those not having a MT4 Platform
  • #119,855
  • Jun 2, 2021 12:53am Jun 2, 2021 12:53am
Quoting Tekkies
{quote} Dave, BigE did not talk about CCI. He only referred to CCI based on a pm he received from a member. Post 9,189 For those not having a MT4 Platform : In place of the TDI -> use the CCI set to 6 and for the level enter a 0.0 line. When the line crosses the 0.0 line you normally have a set up. This info was PM'ed to me ... Out of 1448 posts only one post about CCI is not talking about CCI. The reason why he even posted about CCI is contained in this: For those not having...
Thanks, but I already read that post. I made my post to stimulate people to actually go read what BigE has posted. While looking for the CCI information, they might learn some other things from him.
To free Gazans of Hamas, use whatever it takes.
  • #119,856
  • Jun 2, 2021 1:19am Jun 2, 2021 1:19am
Quoting emmanuel7788
{quote} @Dulof Big E' 4hr 10PM, 2AM and 6AM candles trading do work today. (Post#1). remain on trading H4 and above, you will do well and make money CONSISTENTLY. also can consider Daily / Weekly Swing Trading as your next trading system in addition to the 4H swing trading. Over the past 10 years I have been in this thread, you are one of the rare few who actually read and learned fast and put in lots of practice. WE have here a TMS 5-Method trader.
yes, i am in +7 time zone backwards from BigE, my time is very convenient in london session.
Big timeframe will give more profit, right? but besides that I am also worried about the loss
EC H1-I will try to escape the way of Big E
UC H4-
I entered according to H4 of Big E
I moved SL to Be when I saw the check mark. price turns back and runs again
Maybe I should wait for the candle to close?
Attached Image(s) (click to enlarge)
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  • #119,857
  • Jun 2, 2021 2:03am Jun 2, 2021 2:03am
Quoting Dulof
{quote} yes, i am in +7 time zone backwards from BigE, my time is very convenient in london session. Big timeframe will give more profit, right? but besides that I am also worried about the loss EC H1-I will try to escape the way of Big E UC H4- I entered according to H4 of Big E I moved SL to Be when I saw the check mark. price turns back and runs again Maybe I should wait for the candle to close? {image} {image}
Dulof
Your chart display is not right. Making the TDI sub window so narrow is distorting the angle of TDI green.
Try to use Auto Arrange ( Ctrl+A)
Post#647....... How does the momentum look right now (12-2, 4-6)
Attached Image

Add Stoch to the chart so that it can confirm the direction of the TDI green cross red
Post#1..... I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else.
#121..... The TDI and Stochs are giving opposite signals...
#261...... Stochs is nothing but confirmation. If Stochs & 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.
#647..... Does Stoch's confirm the TDI signal
  • #119,858
  • Jun 2, 2021 3:43am Jun 2, 2021 3:43am
Quoting emmanuel7788
GU Jun02 H1 Tokyo 2PM - Price Action 5bares swing high, inside bar consolidation with BEEB set candle breaking the low of the mother bar of the inside bar. - sell into its Day Open? - manage risks and decide. {image}
Hi Emmanuel

you and I both know BigE talked about CCI. BigE talked about specific value of CCI.
BigE traded stock market for 10years, I don't think without understanding he mention about specific value of the CCI.
I don't think BigE will give lots of mambo jambo advice like some losing trader here give.

I know you and I both feel bad when we see some Losing traders who can't protect his account balance for 4 month and give advice other trader do this do that. So sad.

I think New traders should be care full about those traders.
MA provides the market's current direction and strength.
  • #119,859
  • Jun 2, 2021 4:12am Jun 2, 2021 4:12am
Quoting emmanuel7788
{quote} Follow the old "Yellow Brick Road" when day trading and you are still not sure of the PA, then follow the old styled Price Action Channel iwth the APB/HA candle price action. {image} https://www.forexfactory.com/thread/...92#post3326592 and https://www.forexfactory.com/thread/...0#post13401950 Trade Well from today and be ready and prepared for the EU bigger move! 5R
Attached Image (click to enlarge)
Click to Enlarge Name: EU Juno2 H1 yellow brick road 2-6-2021 8-57-18 am.png Size: 57 KB


10 hours ago I posted the above.

BINGO!

Now 10 hours passed .... EU hit its 5R level using the "Yellow Brick Road" and Price Action.
- using the PAC, we place our Stop Loss above the PAC-High when we sell.

- still with some room to go lower to today' 1.2158.

Attached Image (click to enlarge)
Click to Enlarge Name: EU Jun02 H1 5R target level hit 2-6-2021 7-02-03 pm.png Size: 51 KB


coming up next, we look for the 4H Swing Trade with 9R potential
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,860
  • Jun 2, 2021 5:00am Jun 2, 2021 5:00am
Quoting Dulof
{quote} yes, i am in +7 time zone backwards from BigE, my time is very convenient in london session. Big timeframe will give more profit, right? but besides that I am also worried about the loss EC H1-I will try to escape the way of Big E UC H4- I entered according to H4 of Big E I moved SL to Be when I saw the check mark. price turns back and runs again Maybe I should wait for the candle to close? {image} {image}
hey @Dulof

Excellent trading !

I like how you pick those 'a" and 'b' candles for trade setups. Simple Price Action ...

Attached Image (click to enlarge)
Click to Enlarge Name: Dulof EC BEEOB 2-6-2021 7-55-55 pm.png Size: 82 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Dulof a b candles 2-6-2021 7-58-07 pm.png Size: 70 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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