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Trading Made Simple

  • #122,661
  • Jul 19, 2021 11:17am Jul 19, 2021 11:17am
GBPUSD
Although the close of week 28 had all TFs from MN1 through M1 in a down swing with H4 overdue to swing up, IMT traders follow the DYNAMIC focus chart, looking for entry opportunities.

So this presented an expectation of RALLIES to form that must progress to up trends if higher TFs are going to swing up. As can be seen on the charts, the up trends could not be sustained very far through the TFs and when a FAILURE occurred, it gave an opportunity for selling.

M30 has been a repeated stopping point today in the cycling, with 3 sell entries (red Vlines) thus far today.

How do you spell success?? I-M-T
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #122,662
  • Jul 19, 2021 12:32pm Jul 19, 2021 12:32pm
Quoting Sirajdeen
Hai folks and Big E followers.. Im an Aspiring Professional Trader I have an simple doubt i think many pro traders will know. How to find Am I in or close to the consolidation area ?

"I have an simple doubt i think many pro traders will know.
How to find Am I in or close to the consolidation area ?
"
Good question...

But I am a retail trader not a pro trader.
Professional traders do not use the TDI when they trade OPM.

Do not mix up sideways ranging market type and price in consolidation.

There are many different ways to see price consolidation ... look at big candle and small candle, after a big candle and when price does not make further high high higher low + higher Close or lower high lower low + lower Close, that would be the first sign of consolidation, these requires at least 2 bars/candles.
What is there are more bars/candles in a consolidation?


See this EURUSD H4 chart below.
The yellow arrows are price consolidation and they can occur in sideways ranging market too.

Consolidations can be wide range and also narrow range.
Price consolidations are opportunities to trade the breakouts. So I consider them to be good things.
Price consolidations can also happen in different timeframes.
When consolidation is wide range, we can trade lower timeframes. For example when the H4 is in consolidation, I can trade H1 or M15.

Attached Image (click to enlarge)
Click to Enlarge Name: EU H4 consolidation 20-7-2021 1-16-13 am.png Size: 80 KB

Trade Well. Trade Safe.

Stay Safe

and a booster
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,663
  • Jul 19, 2021 12:35pm Jul 19, 2021 12:35pm
Quoting DrDave
GBPUSD Although the close of week 28 had all TFs from MN1 through M1 in a down swing with H4 overdue to swing up, IMT traders follow the DYNAMIC focus chart, looking for entry opportunities. So this presented an expectation of RALLIES to form that must progress to up trends if higher TFs are going to swing up. As can be seen on the charts, the up trends could not be sustained very far through the TFs and when a FAILURE occurred, it gave an opportunity for selling. M30 has been a repeated stopping point today in the cycling, with 3 sell entries (red...

"How do you spell success??"

S U C C E S S
#7555
Big E's post below

Good Morning all you fabulous traders....

I started trading full lots last year... tiring of $1 a pip. Takes the same amount of work... why not get paid for it? Often shooting for $500-$1,000 PER EVENING.

iT'S NOT UNCOMMON TO FIND 3-6 TRADE SET UPS PER EVENING.

Sometimes I would set the TP to 20 pips. 3-6 pairs hitting 20 pips... a few losers maybe... made for a handsome profit.

If I put all of my eggs in one basket... it was hit or miss....

I trade both ways with success...
#7555

no need for failed IMT.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,664
  • Jul 19, 2021 12:42pm Jul 19, 2021 12:42pm
Quoting emmanuel7788
{quote} "How do you spell success??" S U C C E S S #7555 Big E's post below Good Morning all you fabulous traders.... I started trading full lots last year... tiring of $1 a pip. Takes the same amount of work... why not get paid for it? Often shooting for $500-$1,000 PER EVENING. iT'S NOT UNCOMMON TO FIND 3-6 TRADE SET UPS PER EVENING. Sometimes I would set the TP to 20 pips. 3-6 pairs hitting 20 pips... a few losers maybe... made for a handsome profit. If I put all of my...

Almost scalping haha
  • #122,665
  • Jul 19, 2021 12:44pm Jul 19, 2021 12:44pm
Quoting eelfranz
Here it is 4am and everyone is sleepin'.... as you should be on saturday morning..... PLEASE TAKE THIS TO HEART... IT'S IMPORTANT TO YOUR SUCCESS.................................................................................. Study old 4hr charts. LOOK FOR ALL THE TRADES THAT WOULD HAVE BEEN SUCCESSFUL. Now study each one... TDI angle, how close to s/r, 68 coming down or 32 going up, could you get in on candle 1 or 2...... This will pay you big time if you do this faithfully. Do it for a year minimum........ You will teach yourself what to look...

more on SUCCESS:

Here it is 4am and everyone is sleepin'.... as you should be on saturday morning.....

PLEASE TAKE THIS TO HEART... IT'S IMPORTANT TO YOUR SUCCESS..................................................................................

Study old 4hr charts. LOOK FOR ALL THE TRADES THAT WOULD HAVE BEEN SUCCESSFUL. Now study each one... TDI angle, how close to s/r, 68 coming down or 32 going up, could you get in on candle 1 or 2......

This will pay you big time if you do this faithfully. Do it for a year minimum........

You will teach yourself what to look for before placing a trade...

forget about all your M15 and H1 trades. Just do what the OP Big E said.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,666
  • Jul 19, 2021 12:47pm Jul 19, 2021 12:47pm
Quoting emmanuel7788
{quote} GU Jul 19 H1 setup at London Open - FO provide the setup for LON sell entry - price action 5-bars swing high + reversal candle , the rest is the same as Big E had laid out in Post#261. {image}

GU Jul 19 trades closed.

SUCCESS is when I follow the 4hr and trade during London Open

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jul 19 trades closed 20-7-2021 1-41-15 am.png Size: 51 KB

$500 to $1000 per day that's what Big E taught me.
https://www.forexfactory.com/thread/...39#post4763539
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,667
  • Jul 19, 2021 12:51pm Jul 19, 2021 12:51pm
Quoting Tekkies
{quote} Draw a horizontal trend line. > How many candles are sliced by that line? TDI will also be flat, with lots of TDI green cross red. Stoch will not confirm direction of TDI cross in most case. Don't forget to look at: #647..... How does the momentum look right now (12-2, 4-6) {image}
"
Draw a horizontal trend line.
> How many candles are sliced by that line?
TDI will also be flat, with lots of TDI green cross red.
Stoch will not confirm direction of TDI cross in most case.
"

seriously @Tekkies

looking at your TE again, you really should not be teaching this to others here.

how many more people do you want to drag down deep into your rabbit hole?


Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE Jul 19 NYopen 19-7-2021 9-26-28 pm.png Size: 101 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,668
  • Jul 19, 2021 12:54pm Jul 19, 2021 12:54pm
Hi Thread Members..
Thanks for all your quick response..
I am unable to thank you in private and like your comments because I recently using ff and i am an junior member so i cant unable to use those features so that this post.
thanks buddies...
Cheers.
Sirajdeen
  • #122,669
  • Jul 19, 2021 12:54pm Jul 19, 2021 12:54pm
Quoting romulorios
{quote} Almost scalping haha
#11
I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time.

My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all trades at that time and go back to sleep... There are enough set ups in a normal week to make 200-500 pips... Stress is zero...

If I do any day trading I'll use 1hr charts at news time. Any method and any timeframes are difficult and fast on the 5-15 min charts. That's where most traders get taken to the slaughter and the dealers know it which puts the odds in their favor...

I hate to monitor charts anyway. Even if I scalp the market I use 4hr charts with success....

4hr charts have less noise, less head fakes, less influence by any news. Just has a lot of benefits...

The key to building confidence is to study old charts... look at the TDI moves and how it looks on PA so every time you see that same set up you will know your odds for success are high.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,670
  • Jul 19, 2021 12:59pm Jul 19, 2021 12:59pm
Quoting emmanuel7788
{quote} #11 I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time. My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter...

It doesn't have much to do with Forex, but beware of the quality of your sleep. Know one thing: Sleep is healing.

Also maintain your quality of life.
  • #122,671
  • Jul 19, 2021 1:30pm Jul 19, 2021 1:30pm
It may seem like a silly question, but the TDI signal is confirmed when it crosses the red or just touching, can we already consider a signal? In other words, would it be on the candle with a yellow or red vertical line?
Attached Image
  • #122,672
  • Jul 19, 2021 1:49pm Jul 19, 2021 1:49pm
What a joke, actually it is rather sad.

Post 122,664: Professional traders do not use the TDI when they trade OPM.
Your money or other peoples money, someone has to win or lose out.

Right after that piece of advice, smack bang two post's that refer or is about TDI by BigE.
Post 122,66...... TDI angle, how close to s/r, 68 coming down or 32 going up, could you get in on candle 1 or 2......
Post 122,671.... look at the TDI moves.....

forget about all your M15 and H1 trades. Just do what the OP Big E said.
And post himself
Post 122,608: *** LIVE Trading *** Jul 19 London 8am - day trading H1
Attached Image


Quoting emmanuel7788
{quote} " Draw a horizontal trend line. > How many candles are sliced by that line? TDI will also be flat, with lots of TDI green cross red. Stoch will not confirm direction of TDI cross in most case. " seriously @Tekkies looking at your TE again, you really should not be teaching this to others here. how many more people do you want to drag down deep into your rabbit hole? {image}
That reposted TE is rather old Emmanuel, please update with new image would you.
  • #122,673
  • Jul 19, 2021 2:27pm Jul 19, 2021 2:27pm
Quoting romulorios
It may seem like a silly question, but the TDI signal is confirmed when it crosses the red or just touching, can we already consider a signal? In other words, would it be on the candle with a yellow or red vertical line? {image}
Simple.
When you have a case like the bar at the yellow line, look at the actual values of the TDI green and red lines and see if the green value is greater than the red value. If yes, then green crossed red up.
To free Gazans of Hamas, use whatever it takes.
  • #122,674
  • Edited 2:40pm Jul 19, 2021 2:29pm | Edited 2:40pm
Quoting hasib
Medallion Fund is world most successful High return fund, Recently in FF we found a man who can generate more return than Medallion funds. jim simons higher mathematician and scientist, spend Lot of time and money to develop Medallion funds, So many Fund tries to emulate and fails to do that. Recently we found a man who know how Fibo calculate and know how to use fib pivot and generate more return than Medallion funds. If you think logically and you have knowledge about market you know, It is not trading, it is gambling. But ignorant, idiot Davit...
Liston moron and read carefully.You are a pure idiot started 28threads over 10 trading systems that YOU imbecile dont even trade.You are the definition of an idiot.You have been spamming this thread because anyone with any logic would not post on your useless losers threads and systems. You are on most good traders ignore list because you are small time ass wiper and always will be.
I know jealousy is killing you I got better stats what you posted..Why dont you follow your own systems imbecile! Be the shining light to moronhood.The reason you keep mentioning me because your small time ego is hurting I put you on ignore.You are one of the clowns who sits on top of a coke battle thinks he is on Everest Stop spamming here go to your 28 useless threads
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #122,675
  • Jul 19, 2021 2:33pm Jul 19, 2021 2:33pm
Quoting Davit
{quote} Liston moron and read carefully.You are a pure idiot started 28threads over 10 trading systems that YOU imbecile dont even trade.You are the definition of an idiot.You have been spamming this thread because anyone with any logic would not post on your useless losers threads and systems. You are on most good traders ignore list because you are small time ass wiper and always will be. I know jealousy is killing you I got better stats what you posted..I suggest you do as you advise on your systems! Why dont you follow your own...
LOL
To free Gazans of Hamas, use whatever it takes.
  • #122,676
  • Jul 19, 2021 2:37pm Jul 19, 2021 2:37pm
Quoting Davit
{quote} Liston moron and read carefully.You are a pure idiot started 28threads over 10 trading systems that YOU imbecile dont even trade.You are the definition of an idiot.You have been spamming this thread because anyone with any logic would not post on your useless losers threads and systems. You are on most good traders ignore list because you are small time ass wiper and always will be. I know jealousy is killing you I got better stats what you posted..Why dont you follow your own systems imbecile! Be the shining light to moronhood.The...
Ouch!!!!!
  • #122,677
  • Jul 19, 2021 2:41pm Jul 19, 2021 2:41pm
Quoting Davit
{quote} Liston moron and read carefully.You are a pure idiot started 28threads over 10 trading systems that YOU imbecile dont even trade.You are the definition of an idiot.You have been spamming this thread because anyone with any logic would not post on your useless losers threads and systems. You are on most good traders ignore list because you are small time ass wiper and always will be. I know jealousy is killing you I got better stats what you posted..Why dont you follow your own systems imbecile! Be the shining light to moronhood.The...
Observer effect
  • #122,678
  • Edited 3:32pm Jul 19, 2021 2:55pm | Edited 3:32pm
Quoting Davit
{quote} Liston moron and read carefully.You are a pure idiot started 28threads over 10 trading systems that YOU imbecile dont even trade.You are the definition of an idiot.You have been spamming this thread because anyone with any logic would not post on your useless losers threads and systems. You are on most good traders ignore list because you are small time ass wiper and always will be. I know jealousy is killing you I got better stats what you posted..Why dont you follow your own systems imbecile! Be the shining light to moronhood.The...

I just worn people that gaining 65% in a month is a gambling that is it, I am sorry I hurt your ego. Personally I don't care you put me on your ignore list because, I am not interested in gambling at all.
I don't understand you put me on your ignore list yet you read my post and get hurt.
Truth is you were in my ignore list for a long time, recently I remove you from my ignore list that is one of small difference between you and me. If you have brain you will understand.
Look here I don't use any slang language like you, yet you will be hurt.

here is my favorite quote

"Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead."
Paul Tudor Jones

Oh one more thing many people in FF will like your 65% gain in one month, experienced knowledgeable, proper risk manage traders will never like your trading they know, what is Risk of ruin and others small mathematical logic. what you have done is gambling. By attacking me you can't prove that your not a gambler.
MA provides the market's current direction and strength.
  • #122,679
  • Jul 19, 2021 3:00pm Jul 19, 2021 3:00pm
Quoting Davit
{quote} Liston moron and read carefully.You are a pure idiot started 28threads over 10 trading systems that YOU imbecile dont even trade.You are the definition of an idiot.You have been spamming this thread because anyone with any logic would not post on your useless losers threads and systems. You are on most good traders ignore list because you are small time ass wiper and always will be. I know jealousy is killing you I got better stats what you posted..Why dont you follow your own systems imbecile! Be the shining light to moronhood.The...
look who pops his head out of the sand the worlds greatest self proclaimed trader of them all calling someone else a clown how profound!!!!
  • #122,680
  • Jul 19, 2021 3:02pm Jul 19, 2021 3:02pm
O homem normal fala.
O tolo adora uma discussão.
And the Sage is silent
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