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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #122,221
  • Jul 9, 2021 8:09pm Jul 9, 2021 8:09pm
Quoting heispark
{quote} Nial is a course seller and he is a daily pin bar player. I believe pin bar doesn't work anymore even in daily chart now (RJ also agrees this point. Do some keyword search in his postings). Also if he's so good as a trader, why he sells a course? By the way, I purchased his life time course at $245 several years ago.... When Ricky Gutierrez was asked "If You're A Millionaire, Why Sell A Course?": (Watch from 00:30) https://youtu.be/M2ybdz7tHfc By the way again, I purchased Ricky's life time...

and Big E spend this:

"I bought one sure fire program for $2,300... saving $1,700 off the normal $4,000 price." { link }

and ended up with 'all Greek' to him.

That was real and actually a Greek father and son team.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,222
  • Jul 9, 2021 8:14pm Jul 9, 2021 8:14pm
Quoting hasib
https://youtu.be/JqKPuaXRQ2A
thats another good video lessons.

PM Q&A

Q. did Big E learn Elliot Wave? I did not read anything where he mentioned elliot wave.

A. Well, he mention swing 3 to 8 candles, that to me is a wave.

Where did he learned that? it here in this thread { here } Sep 2009.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,223
  • Jul 9, 2021 8:18pm Jul 9, 2021 8:18pm
Quoting emmanuel7788
{quote} EA H4 Jul 09 NYO - look at the retracement ... wave 4 down swing .... in the confluence of two FibNode#1 and FibNode#2 - when wave 4 ends, we look for the up swing wave 5 - then the 5 waves would be complete.... - but sometimes wave 4 is a complex a-b-c waves or a-b-c-d-e waves, {image} we keep stalking this for our learning experience and look for 5-Method trades. {image}

PM Q&A

Q. what is wave 4 is a complex a-b-c waves or a-b-c-d-e waves

A. Look for these in the coming days and weeks.

Attached Image (click to enlarge)
Click to Enlarge Name: corrective waves.png Size: 233 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,224
  • Jul 9, 2021 8:32pm Jul 9, 2021 8:32pm
Quoting tommydoginti
{quote} ... After trading for a while, I am not against Emmanuel posting craps here. After all, we need to feed on losers in the market, and this thread is a good place to lure people to donate money to the market. Trade well
"After all, we need to feed on losers in the market, and this thread is a good place to lure people to donate money to the market."

@tommudogie

You show disrespect for eelfranz aka Big E saying his thread and his 5-Method is causing people to lose money to the market. Do you have proof of this?

"I am not against Emmanuel posting craps here."

You missed a lot of 'craps' since 2012. How old were you in 2012?

You missed all these 'craps'


https://www.forexfactory.com/thread/...5#post13107485
https://www.forexfactory.com/thread/...2#post12884552
https://www.forexfactory.com/thread/...0#post10656110
https://www.forexfactory.com/thread/...7#post10639877
https://www.forexfactory.com/thread/...5#post10088285
https://www.forexfactory.com/thread/...7#post10084397
https://www.forexfactory.com/thread/...27#post6662527
https://www.forexfactory.com/thread/...41#post6186041
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,225
  • Jul 9, 2021 8:40pm Jul 9, 2021 8:40pm
Quoting tommydoginti
{quote} I would say just go and read the first 11912 posts of this thread and ignore all thereafter. Then you start practicing and develop your own system. There may be room of improvement but sadly the approaches in the previous years are not the ones. ...l
@tommidogie

Read from Post1 to Post12,912 when you want to learn Big E' Trading Made Simple and how he trade his 5-Method in this thread.

Post#12,912:
"So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY."


Quoting tommydoginti
{quote} There may be room of improvement but sadly the approaches in the previous years are not the ones. ...l
@tommydogie

You want to improve Big E' 5-Method! There is no need to improve Big E 5 -Method. It is 'cast in stone' already since 2011.

What knowledge and how many years of trading experience do you have?

Have Fun!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,226
  • Jul 9, 2021 9:16pm Jul 9, 2021 9:16pm
Quoting tommydoginti
{quote} .. I am sharing my trades but only discuss the analysis with a couple members via PM. .
Attached Image (click to enlarge)
Click to Enlarge Name: tommydogie mobile M5.png Size: 92 KB



"...only discuss the analysis with a couple members via PM. "

seriously, you trade using your smallish mobile screen
how much analysis can you do on that one very small screen?

Pay attention to Joe Dinapoli, he scalps short term and he lives in a penthouse, travels with his PC laptop and uses a big monitor.

Learn from the professionals

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,227
  • Jul 9, 2021 9:37pm Jul 9, 2021 9:37pm
Quoting tommydoginti
{quote} This trade literally happened within 30 seconds... This time reversal analysis at m1 with price level confluence {image}{image}
charts cannot be attached in PM, so post here the progress in preping to executing a trade with example of last trade.

Quoting tommydoginti
{quote} This pretty much summarised my PA analysis. The exact rules are to be developed by the traders.
Post #647 is basically all I used. Trading Made Simple has included enough parameters to consider in trading decisions. Keep it simple and no need to complicate things. What has not been included in the Original TMS method by BigE, are not needed here.

For detail please read PM follow up.

When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo
Look left: Retest of previous high (optional: additional TL confluence)

Am I in an uptrend or downtrend.. short & long term...
Uptrend at HTF and broke clean the price level after the last winning BUY trade (shared here)
Look for short term reversal at LTF.

Am I in or close to a consolidation area
Approaching HTF resistance

Are the previous candles small...
Did not consider. Appearance of wick rejection in past few candles may be referred by some traders who monitor the chart real-time

Look at the candles on the last reversal... big, little, what
Look left: Previous Strong rejection @1.386

How does the momentum look right now (12-2, 4-6)
Did not consider as not used

Does Stoch's confirm the TDI signal
Did not consider as stripped

Finally, I like using alerts since I use phone and don't have chart open at all time. Cyan line and arrow (TL cross) are alerts used and set using TV. Purple divergence is additional confluence but not necessary.

One approach I learned and applied is what some others referred as "Market Psychology". While "trading psychology" is self control, "Market Psychology" is taking advantage of other traders' psychological weakness. E.g. Spike reversal. BigE had those concepts as a proficient PA trader, and are not discussed here.

As the time progressed and setups forming, anticipations are built and can react to the market promptly. Final trigger as BigE mentioned: green crosses red and you enter on candle 1 or 2

Attached Image (click to enlarge)
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Have a nice weekend.
  • #122,228
  • Jul 9, 2021 9:48pm Jul 9, 2021 9:48pm
Quoting tommydoginti
{quote} charts cannot be attached in PM, so post here the progress in preping to executing a trade with example of last trade. {quote} Post #647 is basically all I used. Trading Made Simple has included enough parameters to consider in trading decisions. Keep it simple and no need to complicate things. What has not been included in the Original TMS method by BigE, are not needed here. For detail please read PM follow up. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high...

"charts cannot be attached in PM..."

We all know that already. You missed the point what Joe said about scalping and having his laptop and big monitor where ever he goes.

To be scalping M5, you have to be a sniper ... one shot one kill, but you must wait till the target stops moving and have that perfect shot, and take that one clean shot! BANG!

H4 is the big picture , sniper has a partner big picture view

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jul 09 M5 scalpers 10-7-2021 10-26-50 am.png Size: 202 KB


M5 with H1

- we shoot at m5m15m60!
Attached Image (click to enlarge)
Click to Enlarge Name: GU Jul 09 sniper m5,15m60 pin bar 10-7-2021 10-38-50 am.png Size: 350 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,229
  • Jul 9, 2021 10:28pm Jul 9, 2021 10:28pm
Quoting tommydoginti
{quote} charts cannot be attached in PM, so post here the progress in preping to executing a trade with example of last trade. {quote} Post #647 is basically all I used. Trading Made Simple has included enough parameters to consider in trading decisions. Keep it simple and no need to complicate things. What has not been included in the Original TMS method by BigE, are not needed here. For detail please read PM follow up. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high...

Another use of BigE’s #647 with some straightforward market psychology concepts

(HTF) S/R flip and retest
spike reversal with 50% retracement as popular perspective (Cyan lines) — for anticipation of reversal setups and cue for SL trail to BE+

*add: One thing I like about drawing lines on mobile MT4 is when they are selected (ie editable), the mid-points and both ends show dots which can be used for reference

Then used #647 to analyse the market and confirm entry with 2 time frames, hence two entries. Confirmations came from both LTF and HTF

First entry ended up with ~14R. Whole trade at 2.92R.

Attached Image (click to enlarge)
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  • #122,230
  • Jul 10, 2021 2:46am Jul 10, 2021 2:46am
Quoting emmanuel7788
{quote} "charts cannot be attached in PM..." We all know that already. You missed the point what Joe said about scalping and having his laptop and big monitor where ever he goes. To be scalping M5, you have to be a sniper ... one shot one kill, but you must wait till the target stops moving and have that perfect shot, and take that one clean shot! BANG! H4 is the big picture , sniper has a partner big picture view {image} M5 with H1 - we shoot at m5m15m60! {image}
《yawn》
To free Gazans of Hamas, use whatever it takes.
  • #122,231
  • Jul 10, 2021 8:04am Jul 10, 2021 8:04am
Quoting hasib
{quote} https://youtu.be/iF-vwLL2L5M
Now that you have watched that webinar video you know there is this

MACD Predictor and you may want to know how to blend this MACD Predictor with Big E' 5-Method' HA candle and 5EMA.

You will find better trades and make more money.

Watch this video:

Inserted Video





S&P500 M5 Example

Attached Image (click to enlarge)
Click to Enlarge Name: SP500 M5 MACD Predictor.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,232
  • Jul 10, 2021 10:12am Jul 10, 2021 10:12am
Quoting emmanuel7788
{quote} @Tekkies You are still running around in circles for more than 5 years. You lost so many times over and over again. Making repeated posts when you make rash and hasty decisions typing on your keyboard before your brain engages. Just answer this simple question: Will you trade a USD10,000 account starting Aug 2021?
NO!!!!

Now that you have a direct answer to your question, put in writing what does "I will" mean to you regarding linking a visible forexfactory TE to what you post here in this thread.
  • #122,233
  • Jul 10, 2021 10:51am Jul 10, 2021 10:51am
Quoting emmanuel7788
{quote} Now that you have watched that webinar video you know there is this MACD Predictor and you may want to know how to blend this MACD Predictor with Big E' 5-Method' HA candle and 5EMA. You will find better trades and make more money. Watch this video: https://youtu.be/PHNEhpAkPfI S&P500 M5 Example {image}
Interesting! please continue.
  • #122,234
  • Edited 11:56am Jul 10, 2021 11:39am | Edited 11:56am
Quoting emmanuel7788
{quote} Now that you have watched that webinar video you know there is this MACD Predictor and you may want to know how to blend this MACD Predictor with Big E' 5-Method' HA candle and 5EMA. You will find better trades and make more money. Watch this video: https://youtu.be/PHNEhpAkPfI S&P500 M5 Example {image}
yes, some people may find MACD Predictor interesting.
But, I will follow my simple system.

Today I was watching trade picture of PHX62, I think he is very good trader who have good knowledge about the market.
some time he open trade before TDI cross, some time he open trade after many candle TDI cross. He had very good PA skill.
I believe his trades are real and he is good trader. I like his trade.
I don't think any one here has this kind of skill,
we already see some one started trading for 9 month trading now he is teaching us. I have identified some of the Misconception of that 9 month trader. I can share and expose him here but I will wait, I want to see how much expert he can become here.
Attached Image (click to enlarge)
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MA provides the market's current direction and strength.
  • #122,235
  • Jul 10, 2021 12:46pm Jul 10, 2021 12:46pm
Quoting hasib
{quote} yes, some people may find MACD Predictor interesting. But, I will follow my simple system. Today I was watching trade picture of PHX62, I think he is very good trader who have good knowledge about the market. some time he open trade before TDI cross, some time he open trade after many candle TDI cross. He had very good PA skill. I believe his trades are real and he is good trader. I like his trade. I don't think any one here has this kind of skill, we already see some one started trading for 9 month trading now he is teaching us. I have...
One of the things that I think was most interesting about PHX62 is that he traded only 1H EJ. If you check 1H EJ for 4 weeks you will see there are a lot of trades.
When you specialize in one pair you can get very high profit factor and low draw down. When your draw down is low you can increase risk per trade and you are
probably more profitable than many traders that trade many pairs.
  • #122,236
  • Edited 1:19pm Jul 10, 2021 1:03pm | Edited 1:19pm
Quoting heispark
{quote} Nial is a course seller and he is a daily pin bar player. I believe pin bar doesn't work anymore even in daily chart now (RJ also agrees this point. Do some keyword search in his postings). Also if he's so good as a trader, why he sells a course? By the way, I purchased his life time course at $245 several years ago.... When Ricky Gutierrez was asked "If You're A Millionaire, Why Sell A Course?": (Watch from 00:30) https://youtu.be/M2ybdz7tHfc By the way again, I purchased Ricky's life time...
I completely agree with you. when I was new in this FX in 2012, I thought he is the real guru. I use to read his free article. I have learn many good things from him and I have learn many bad things from him too.
I no longer read his article. But I still believe in his free article some good concept exist.
He is course seller I don't like him in that point and pin bar don't work I said in here many months ago. actually Candlesticks pattern alone don't work.
I purchased 2ndsky PA course, that was not that good too.
MA provides the market's current direction and strength.
  • #122,237
  • Jul 10, 2021 1:08pm Jul 10, 2021 1:08pm
Quoting kirinda
{quote} One of the things that I think was most interesting about PHX62 is that he traded only 1H EJ. If you check 1H EJ for 4 weeks you will see there are a lot of trades. When you specialize in one pair you can get very high profit factor and low draw down. When your draw down is low you can increase risk per trade and you are probably more profitable than many traders that trade many pairs.
You got it right, I have discover it, That is why I focus on US30,
I stop trading my favorite gold now a days.

BTW believe, if any one wants to learn technical trading he or she should trade gold at list 6 month. You will learn many small ideas trading gold, you will never found or learn from other pair.
MA provides the market's current direction and strength.
  • #122,238
  • Jul 10, 2021 1:29pm Jul 10, 2021 1:29pm
Quoting hasib
{quote} You got it right, I have discover it, That is why I focus on US30, I stop trading my favorite gold now a days. BTW believe, if any one wants to learn technical trading he or she should trade gold at list 6 month. You will learn many small ideas trading gold, you will never found or learn from other pair.
I working now to reduce the number of pairs I trading. So I back testing to find the pairs that have the highest profit factor and lowest draw down. For example I found out that UC doesn't fit my trading style because the draw down is high compare to other pairs (I think UC spike alot). I trade now 1H/4H like BigE.
  • #122,239
  • Jul 10, 2021 1:33pm Jul 10, 2021 1:33pm
"I only trade the EU on the H1 chart during the London session. I do not watch or check any other time frame when I am trading the H1."

PHX62
MA provides the market's current direction and strength.
  • #122,240
  • Jul 10, 2021 1:42pm Jul 10, 2021 1:42pm
Quoting hasib
"I only trade the EU on the H1 chart during the London session. I do not watch or check any other time frame when I am trading the H1." PHX62
Maybe he changed the pair he traded because the pdf's I read he traded EJ. And he traded EJ 1H but he also had 15M/4H chart window open.
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