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Trading Made Simple

  • #121,061
  • Jun 21, 2021 5:09pm Jun 21, 2021 5:09pm
Quoting emmanuel7788
June 22 *** LIVE Trading *** Sydney - Tokyo Open AU, AJ and UJ ... SYD_2H High-Low - wait for Tokyo to open in about 30 mins catch the 'rush hour' if you see it. {image}

June 22 *** LIVE Trading *** Tokyo Open AU, AJ and UJ ...

- CT ...

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor M15 TOK open 22-6-2021 8-08-08 am.png Size: 14 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,062
  • Jun 21, 2021 5:34pm Jun 21, 2021 5:34pm
Quoting emmanuel7788
{quote} June 22 *** LIVE Trading *** Tokyo Open AU, AJ and UJ ... - CT ... {image}

AJ Jun22 M15 Tokyo Open

- sell

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Jun22 M15 TOK 22-6-2021 8-32-38 am.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,063
  • Jun 21, 2021 9:06pm Jun 21, 2021 9:06pm
TDI is the heart of the 5-method. When you use it correctly, as BigE taught, and rely on TDI green cross red as a signal to examine entrance criteria, such as the green line slope, bar sizes, support/resistance, etc., you will profit long term as he did.
To free Gazans of Hamas, use whatever it takes.
  • #121,064
  • Jun 21, 2021 9:24pm Jun 21, 2021 9:24pm
Big E you can trade without the TDI (... the heart of his 5-Method)

#3044 Jan 20, 2011

#3103 Jan 26, 2011

#3418 Feb 12, 2011

#2617 May 16, 2011

#296 Nov 4, 2008


Jan 20, 2011
#3044
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.

Jan 26, 2011
#3103
I almost always have the tdi & stoch on all my charts regardless of the method being used.

However, it's not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and it's a good confirmation to the current PA and possible trade.


Feb 12, 2011
#3418
You can trade the 5 method without the TDI if it's a problem...

PA is HA Candles, PA crosses the yellow line and closes... enter on the next candle if it's the same color. When candles flatten out... exit. Stay in the trade as long as it doesn't cross back over the yellow line and close.

The TDI just gives me a lot more information for making my entries & exits decisions.


May 16, 2011
#2617
2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?

Read above...

I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too...

#296 (Nov 4, 2008)
I profit every day by using Stochastics. I hope you will too. It's just part of the puzzle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,065
  • Jun 21, 2021 9:26pm Jun 21, 2021 9:26pm
Quoting emmanuel7788
{quote} AJ Jun22 M15 Tokyo Open - sell {image}
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AJ Jun22 trades closed

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,066
  • Jun 21, 2021 9:51pm Jun 21, 2021 9:51pm
Quoting hasib
{quote} what is on your chart can you explain it for us

this morning AJ trade during Tokyo session ... when Tokyo market opens at 08:00

I look for trade setup in the high probability zone.
Attached Image (click to enlarge)
Click to Enlarge Name: AJ Jun22 reversal zone 22-6-2021 12-47-18 pm.png Size: 79 KB



Attached Image (click to enlarge)
Click to Enlarge Name: AJ Jun22 M15 TOK 22-6-2021 8-32-38 am.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,067
  • Jun 21, 2021 10:04pm Jun 21, 2021 10:04pm
June 22 *** LIVE Trading *** H4 10PM PDT Big E' 4hr trading

- Frankfurt 7am

nothing to pick now, but ...
wait for Frankfurt Open

Attached Image (click to enlarge)
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Quoting hasib
{quote} what is on your chart can you explain it for us
AU Jun22 will see what happens later during the FO and LO hour, look for the setup in the high probability zone ,

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,068
  • Jun 21, 2021 10:30pm Jun 21, 2021 10:30pm
Quoting T4Trade
{quote} good idea,i think it is too much of work to find 3 ranges and calculate them on excel sheet to catch highs and lows,how about look at the pivots of today and past 2 days and weekly? i trade price retesting or continue above or below pivots than catching the lows and highs because we dont know when the exhaustion will be reversed reversed,but we can lock the peaks by certain rules.
Hmmm... Excel...

Anyway, I can't believe why traders who like calculation and statistics not learning coding themselves when it gives so much advantage in progressing and proofreading other indicators/EAs... How difficult is that... Use 20 mins to code the indi you want and saves you hours of manual calculation in a long run

Anyway, I wouldn't rely on that because of the so-so accuracy of the aforementioned approach to predict H/L

1) It is a prediction with no logical explanations to support (why 80%?)
2) There are too many levels to work with, while basic PA can do the same job

However, I would say, good luck with that.

Finally, here is the benefit of knowing how to code that save so much time in calculation and visualization. Just like let the money works for you in trading, let the codes work for you.

Trade well

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  • #121,069
  • Jun 21, 2021 10:34pm Jun 21, 2021 10:34pm
Plz read inbox

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  • #121,070
  • Jun 21, 2021 10:34pm Jun 21, 2021 10:34pm
June 22 *** LIVE Trading *** M15/H1 Tokyo 2PM

- sell EU and GU break of the TOKY_5H low

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Jun22 H1 TOK_5H 22-6-2021 1-32-13 pm.png Size: 15 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,071
  • Jun 21, 2021 10:53pm Jun 21, 2021 10:53pm
Quoting T4Trade
{quote} good idea,i think it is too much of work to find 3 ranges and calculate them on excel sheet to catch highs and lows,how about look at the pivots of today and past 2 days and weekly? i trade price retesting or continue above or below pivots than catching the lows and highs because we dont know when the exhaustion will be reversed reversed,but we can lock the peaks by certain rules.
many years ago, a few traders use the LTR_ATR projection indicator

{ here }

I don't find it of any good use.

I prefer the !SM_ATR marker a much better tool for day-trading.

{ here }
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,072
  • Jun 21, 2021 11:17pm Jun 21, 2021 11:17pm
Quoting emmanuel7788
June 22 *** LIVE Trading *** M15/H1 Tokyo 2PM - sell EU and GU break of the TOKY_5H low {image}
have took both of this trade as you say . Let’s hope for the best .
  • #121,073
  • Jun 21, 2021 11:24pm Jun 21, 2021 11:24pm
Quoting sagor482
{quote} have took both of this trade as you say . Let’s hope for the best .
GU Jun22 at FO

- anything can happen at BRN 1.3900

- all I see is H4 make a lower high and lower low

- so I have Plan A and a Plan B
Attached Image (click to enlarge)
Click to Enlarge Name: GU Jun22 M15 at FO 22-6-2021 2-22-24 pm.png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,074
  • Jun 21, 2021 11:29pm Jun 21, 2021 11:29pm
Quoting emmanuel7788
{quote} GU Jun22 at FO - anything can happen at BRN 1.3900 - all I see is H4 make a lower high and lower low - so I have Plan A and a Plan B {image}
please inform me if anything bad happened. Then i will also follow your plan B
  • #121,075
  • Jun 21, 2021 11:50pm Jun 21, 2021 11:50pm
Quoting sagor482
{quote} please inform me if anything bad happened. Then i will also follow your plan B

day trading M15 and H1 is always more difficult when the H4 is sideways or in narrow range.

today EU and GU sell is counter trend so we must be fast to cut the positions when they do not move after 3 to 4 M15 candles.

the Plan B is to buy in the direction of the H4 today.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,076
  • Edited 12:14am Jun 22, 2021 12:01am | Edited 12:14am
Took a GN 1H sell:
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The TDI angle is steep. The entry is against a strong daily uptrend. I will therefore consider to get out fast if the uptrend resume.
  • #121,077
  • Jun 22, 2021 12:04am Jun 22, 2021 12:04am
Quoting kirinda
{quote} Emmanuel, I think this is a good setup. It's a PCRF candle pattern with the trend. TMS Monitor shows a strong buy on GU and EU but it's a against the trend. Took the GA setup.. {image}
I got out with a small winner. Get out after 8H because the price hardly move in 8H.
  • #121,078
  • Jun 22, 2021 12:29am Jun 22, 2021 12:29am
GU Jun22 M15 at London open

- LH LL ... LH LL

should give confidence for the sell



Attached Image (click to enlarge)
Click to Enlarge Name: GU Jun22 M15 LO LL LH 22-6-2021 3-27-32 pm.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,079
  • Jun 22, 2021 12:55am Jun 22, 2021 12:55am
Quoting emmanuel7788
{quote} many years ago, a few traders use the LTR_ATR projection indicator { here } I don't find it of any good use. I prefer the !SM_ATR marker a much better tool for day-trading. { here }

comparing the LTR ATR projection and !ISM ADR marker...

Attached Image (click to enlarge)
Click to Enlarge Name: LTR ATR projection vs ISMADR Marker22-6-2021 3-54-01 pm.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,080
  • Jun 22, 2021 12:59am Jun 22, 2021 12:59am
2 small trade
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MA provides the market's current direction and strength.
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