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Trading Made Simple

  • #120,861
  • Jun 17, 2021 6:59am Jun 17, 2021 6:59am
Quoting emmanuel7788
{quote} slow market today ... but wait for US to open. the bears are hunting ...
Gold is moving lower strongly. I enter at TDI Cross, I have also consider other thinks like

1. previous day candle.
2. Price below daily open line.
3. Previous hour and H4 Candle.
4. Price below 1800 level.
5. RSI below 50 Level at M5.
6. Price is below 200 ema at M5.

Price quickly Hit My TP.

I am not good mean reversion trader, Us30 could move lower side too.
Attached Image (click to enlarge)
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MA provides the market's current direction and strength.
  • #120,862
  • Jun 17, 2021 7:15am Jun 17, 2021 7:15am
Quoting emmanuel7788
bears are smart animals they know where to hunt salmons read these old post: A newbie once said: "a reversal starts in the low timeframe"... I think every trader knows that. You will find the source of the river upstream. https://www.forexfactory.com/thread/...6#post11929646 https://www.forexfactory.com/thread/...38#post8882638 https://www.forexfactory.com/thread/...89#post8041589 https://www.forexfactory.com/thread/...89#post6512089 https://www.forexfactory.com/thread/...86#post6499886...
thanks a lot,i ahve learnt so much from you,you have brought myconfidence back to trading.
  • #120,863
  • Edited 8:08am Jun 17, 2021 7:52am | Edited 8:08am
Quoting TheScorpS
{quote} There was a TDI cross with divergence , over trendline and NYO breakout as well as trendline breakout with rejection of almost BRN sup, I had planned to take a long before FOMC, and then when PA broke over TLs I took the long as well as watching AU sinking with strong USD I dont really need to also dig deeper into elliot wave and where my count came from into considering taking this trade as its not part of TMS Hope this helps , Risk comes from not knowing what you're doing. , Warren Buffet Regards
Hi, There
Just curious, do you have had any loss trading in this week? As far as I remember you (and Phx62) have posted only hindsight tradings. To be honest, it's pointless.
I was once a big fan of Phy62 and read all the postings he made (and I still like his trading philosophy). However I learned more from RJ's realtime trading thread which lasted only for a short period of time.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #120,864
  • Jun 17, 2021 8:01am Jun 17, 2021 8:01am
Quoting emmanuel7788
{quote} Good post TSS! "I dont really need to also dig deeper into elliot wave and where my count came from into considering taking this trade as its not part of TMS" well, Elliot Wave is also a part of Big E trading knowledge. See Post#2587 that was in Sep 20, 2009. Big E learned many things here is Forex Factory. Like him, I had to learn EVERYTHING too. I wanted to be a better trader than he was in 2011. Today is 2021, it has been...
I used to think so too but now I have a bit different view (as a consistently losing day trader ).... Focus is more important to make money I believe.

I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.
- Bruce Lee

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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #120,865
  • Jun 17, 2021 8:18am Jun 17, 2021 8:18am
By the way, Phy62 once said he hadn't have any loss trading for months. I don't buy it. Anyone who trade seriously know that's impossible. If that's true, we should see him in CNBC instead of FF. Take with grains of salt.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #120,866
  • Jun 17, 2021 8:19am Jun 17, 2021 8:19am
Quoting heispark
{quote} Hi, There Just curious, do you have had any loss trading in this week? As far as I remember you (and Phx62) have posted only hindsight tradings. To be honest, it's pointless. I was once a big fan of Phy62 and read all the postings he made (and I still like his trading philosophy). However I learned more from RJ's realtime trading thread which lasted only for a short period of time.
We all have losing trades, no one can win 100% of the times, risk management and a winning plan with discipline what makes winning possible more than loosing , I had a lost trade this week with around 15 pips , thats it, all my trades were winners, I took some CTs that ended on BE as well, other than that, perfect week in my book

Whatever u like to follow or like to believe in, I cant change that nor am here to prove myself am next big bucks player, to me his PCRFs works , but not easy, wont work for someone trying them in a short time, it took me years of studying Phx62 PCRF to finally start to understand them , they are not easy, but with time, they are superior and am glad I did the hard work the neglected part that many traders dont do as they are looking for next quick super easy way of trading that makes pips the easy way
I Have Learned to Take Some Losses to Make Profits
  • #120,867
  • Jun 17, 2021 8:36am Jun 17, 2021 8:36am
Quoting hasib
{quote} No offense, Its not trading It is called gambling. As long as our risk management is ok we can take few gambling trade time to time.
Years ago when Emmanuel traded on FOMC, Lastingwell said it was a gambling. But Phx62 also traded the same using a market order and posted a hindsight winning chart. It may or may not be a gambling. Personally I also think it's a gambling. If I want to trade FOMC news, I'd like to use auto-clicker based automatic news trading system (refer to Forex Peace Army). Anyway, because of huge slippage, only small sized trading could work. There are some people saying some indicators or divergence or whatsoever can predict price direction before news release but I think they haven't traded long enough.

Edit: Sorry it wasn't FOMC, it was NFP.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #120,868
  • Edited 9:30am Jun 17, 2021 8:53am | Edited 9:30am
Quoting TheScorpS
{quote} Sure, let me prepare a data from Phx62 pdfs , and share them here Will be back
This is about Phx62 PCRF, anyone interested , dig deep, and learn all you could, if you like this trading style, its there for free on this great forum, I studied them for long time

But the basic stuff about PCRF is

1- All are not equal, Phx62 calls them Fake Out , you want to take PCRF with the trend, not against the trend, so if a pair is trending and ur taking CTs PCRF , u will get burned, even a CTs will work with PCRF but an entry need to be as early as possible to at least mark up for moving and protecting the trade on breakeven so avoid PCRF against the trend.

2 - PCRF: based on Phx62 are often pullback, or inside bar , and they need to form of a zone, S/R. trendlines, double tops or bottoms, EMAs whatever convergence there , build ur trade , not just trade the pattern.

3 - V tops and bottoms, PCRF forms a V shape , practice your eyes to spot that shape, with time, you will start to see the correct ones, and even make pips trading them


Hope this snippets helps, its all there in the PDF am posting , good luck
Attached File(s)
File Type: pdf PCRF.pdf   764 KB | 935 downloads
I Have Learned to Take Some Losses to Make Profits
  • #120,869
  • Jun 17, 2021 9:45am Jun 17, 2021 9:45am
Inserted Video
MA provides the market's current direction and strength.
  • #120,870
  • Jun 17, 2021 11:34am Jun 17, 2021 11:34am
Quoting TheScorpS
{quote} This is about Phx62 PCRF, anyone interested , dig deep, and learn all you could, if you like this trading style, its there for free on this great forum, I studied them for long time But the basic stuff about PCRF is 1- All are not equal, Phx62 calls them Fake Out , you want to take PCRF with the trend, not against the trend, so if a pair is trending and ur taking CTs PCRF , u will get burned, even a CTs will work with PCRF but an entry need to be as early as possible to at least mark up for moving and protecting the trade on breakeven so...
Is the following entry NZDCAD 1H according to the rules?:
Attached Image (click to enlarge)
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  • #120,871
  • Jun 17, 2021 11:42am Jun 17, 2021 11:42am
Quoting kirinda
{quote} Is the following entry NZDCAD 1H according to the rules?: {image}
Which rules? BigE's 5-method rules, or some other system's rules? So many other systems are discussed here, in disrespect of what BigE wanted, that you need to state explicitly which system you are asking about.

If you question does not refer to the 5-method, then you are asking in the wrong forum.
To free Gazans of Hamas, use whatever it takes.
  • #120,872
  • Jun 17, 2021 11:50am Jun 17, 2021 11:50am
Quoting DrDave
{quote} Which rules? BigE's 5-method rules, or some other system's rules? So many other systems are discussed here, in disrespect of what BigE wanted, that you need to state explicitly which system you are asking about. If you question does not refer to the 5-method, then you are asking in the wrong forum.
The reply was to TheScorpS.
  • #120,873
  • Jun 17, 2021 11:54am Jun 17, 2021 11:54am
Quoting heispark
{quote} I used to think so too but now I have a bit different view (as a consistently losing day trader ).... Focus is more important to make money I believe. I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times. - Bruce Lee {image}
You will not be losing day trader. Just follow, few step.
open a small account beside your other trading account. Just trade one session, US session trade the US30. Use only one TF M5, have a system. you will open 3 to 5 trade each day not more than that. Use Auto stop and TP EA. Now play the game.

Remember we don't need to know where will market go to make money.
Believe that anything can happen so all analysis and paralysis are irrelevant. don't switch TF. Just M5, If you want to understand past price zoom in or out M5 chart. Each trade you should take 0.2 to 0.4% risk. try to get more than 1RR. If some how your mentally not ready to trade take a break. after a few losing day take a break.

I think if you follow it you will see some light in day trading. Of Course it is personal opinion.
MA provides the market's current direction and strength.
  • #120,874
  • Jun 17, 2021 12:38pm Jun 17, 2021 12:38pm
Quoting kirinda
{quote} Is the following entry NZDCAD 1H according to the rules?: {image}
Theres a broken structure and now price is retesting that structure, it might be okay, seems good one, but for me to take it , I will need this 4 hour candle to close and then decide

Also the trend is down, so as long as PA is below that trendline , will not touch this PCRF, remember , PCRF should be with the trend not against it, but it seems ok

So good luck and follow until u learn about these pattern
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADH1H120210617.png Size: 49 KB
I Have Learned to Take Some Losses to Make Profits
  • #120,875
  • Jun 17, 2021 12:49pm Jun 17, 2021 12:49pm
Quoting kirinda
{quote} The reply was to TheScorpS.
OK, then as I suspected, you are asking in the wrong thread. Try the thread that discusses PCRF. This TMS thread is already overloaded with topics that are not BigE's 5-method.
To free Gazans of Hamas, use whatever it takes.
  • #120,876
  • Jun 17, 2021 1:28pm Jun 17, 2021 1:28pm
Quoting DrDave
{quote} OK, then as I suspected, you are asking in the wrong thread. Try the thread that discusses PCRF. This TMS thread is already overloaded with topics that are not BigE's 5-method.
This thread has been PCRF since even long time, so anyone can discus that here, its not new , and its not differ from Big E system , so please let others learn the way they like

Will take a break and comes later when negativity is reduced in this thread, way before when Phx62, Dee50, Lastingwell, and Emmanuel as well as others were here, there were only positivity here, now the thread became a war between everybody, kados until then
I Have Learned to Take Some Losses to Make Profits
  • #120,877
  • Jun 17, 2021 2:33pm Jun 17, 2021 2:33pm
Quoting TheScorpS
{quote} This thread has been PCRF since even long time, so anyone can discus that here, its not new , and its not differ from Big E system , so please let others learn the way they like Will take a break and comes later when negativity is reduced in this thread, way before when Phx62, Dee50, Lastingwell, and Emmanuel as well as others were here, there were only positivity here, now the thread became a war between everybody, kados until then
Wonder why Emmanuel is on lastingwell, lisat Ignored tab.
Must have been one very funny positivity back then.
  • #120,878
  • Jun 17, 2021 2:44pm Jun 17, 2021 2:44pm
Quoting Tekkies
{quote} Moss, on a scale of 10, what is Emmanuel IQ rating to understand this: Post 25: Good to see you started own thread on grid trading. CONGRATS!
Hi Tekkies

I was in a bit of a quandary on how to answer you since an "expert" downgraded my intelligence level which I though was more or less at least on a "normal/general" level to "stupid/stupids"! I now know how another member of the forum feels with regards to his IQ of which he is quite honest - I might have even less!

Quite interesting is that I have also been downgraded in the primate hierarchy - In the sense that I have been called "something"(I hope I am still alive and not dead yet as I am writing this!) - again by an "expert" relating to certain primates!

Oh My - it just struck me - With this low intelligence etc level/s I am unable to partake in the "colored" teams(apart from the fact that there are no "team" option in the membership code/signon) as well! - So sad!

Taking all the above into account I am unable to answer your query - Sorry! - (Please ask Vincent directly).

Trade well / Mos
#PS. Perhaps Admin/Moderators will sometime bring clarity regarding "intelligence level/name calling/teams" etc!
#PS. Screenshots(Single/Scrolling) are a wonderful help to preserve things for posterity!
Don't limit yourself!!
  • #120,879
  • Jun 17, 2021 4:53pm Jun 17, 2021 4:53pm
Quoting hasib
{quote} You will not be losing day trader. Just follow, few step. open a small account beside your other trading account. Just trade one session, US session trade the US30. Use only one TF M5, have a system. you will open 3 to 5 trade each day not more than that. Use Auto stop and TP EA. Now play the game. Remember we don't need to know where will market go to make money. Believe that anything can happen so all analysis and paralysis are irrelevant. don't switch TF. Just M5, If you want to understand past price zoom in or out M5 chart....
Hi Hasib, can we use TMS to trade it ?
  • #120,880
  • Jun 17, 2021 6:24pm Jun 17, 2021 6:24pm
Quoting T4Trade
{quote} thanks a lot,i ahve learnt so much from you,you have brought myconfidence back to trading.
Hey @T4Trade

Good to know that my posts in this Big E' thread had helped you gain back confidence in trading his 5-Method.

Just ignore the trolls who cannot trade like Big E after so many years.

Keep it UP!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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