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Trading Made Simple

  • #122,781
  • Jul 21, 2021 5:46am Jul 21, 2021 5:46am
Quoting DrDave
{quote} "trading from a phone" are your words. So it appears that you are conflating "trading" with "analysis".
I am not being combative Dave.

Quoting tommydoginti
{quote} How left do u need to look at? On my phone it can go back 2 years +2 more months with daily chart. Can extend the “left” by setting the current bar closer to right edge of chart Just an example {image}
See? I said that I may not have the skillset.
If you are good at something, never do it for free--Joker
  • #122,782
  • Jul 21, 2021 5:54am Jul 21, 2021 5:54am
Are you a trader or a gambler ?

Do you want 65% return in a month like idiots or you wants consistent return like professional trader?
MA provides the market's current direction and strength.
  • #122,783
  • Edited 6:22am Jul 21, 2021 6:11am | Edited 6:22am
Quoting hasib
Are you a trader or a gambler ? Do you want 65% return in a month like idiots or you wants consistent return like professional trader?
I am neither a professional trader nor full time trader; some months I don't even trade at all. But I manage about 3-5% per month. It's plenty for me.
To free Gazans of Hamas, use whatever it takes.
  • #122,784
  • Jul 21, 2021 6:18am Jul 21, 2021 6:18am
Quoting jmn5611
{quote} I am not being combative Dave. {quote} See? I said that I may not have the skillset.
Give it a try. I started with a PC, but for discretionary strategy like this BigE’s TMS 5-method, I use phone primarily.

After all, PA analysis and the TDI (as well as other tools of TMS) can all be done with both phone and PC, so you are more flexible and does not restrict yourself to be in front of your computer all the time.

trade well
  • #122,785
  • Edited 6:38am Jul 21, 2021 6:20am | Edited 6:38am
Quoting emmanuel7788
{quote} {quote} {image} EJ Jul 21 M5 follow up - we now have the 5 waves completion, - what will be next? corrective waves or maybe a Rh. - any Elliot Wave expert here? - Big E learned Elliot Wave too back in 2009 here in Forex Factory.... { here }.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ Jul 21 M5 completed 5 waves 21-7-2021 5-22-31 pm.png Size: 52 KB

{image}
on my PC running MT4 I can do a lot more studies , etc.

Now, after the completion of the 5-waves count, I see the small correctives waves and I also can place an inset H1 chart to see the H1 price action and H1 HA candles.
On the M5 chart, I see the H1 candles and the H1 Double Inside Bars which are the M5 corrective waves ...

Attached Image (click to enlarge)
Click to Enlarge Name: EJ Jul 21 M5 corrective waves 21-7-2021 7-12-16 pm.png Size: 56 KB


I see more, I learn more, ....



Attached Image (click to enlarge)
Click to Enlarge Name: EJ Jul 21 M5 wth H1double Inside Bars 21-7-2021 7-14-43 pm.png Size: 64 KB


learning is fun and when I do it on a PC with 24-in wide curved screen it even more fun.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,786
  • Jul 21, 2021 6:21am Jul 21, 2021 6:21am
Quoting emmanuel7788
{quote} {quote} {image} EJ Jul 21 M5 follow up - we now have the 5 waves completion, - what will be next? corrective waves or maybe a Rh. - any Elliot Wave expert here? - Big E learned Elliot Wave too back in 2009 here in Forex Factory.... { here }. {image}
Big E learned Elliot Wave too back in 2009 here in Forex Factory.... { here }
So, we see that the site search engine is not to be trusted. But simple web scraping would do the trick.
To free Gazans of Hamas, use whatever it takes.
  • #122,787
  • Edited 6:37am Jul 21, 2021 6:23am | Edited 6:37am
Quoting emmanuel7788
{quote} on my PC running MT4 I can do a lot more studies , etc. Now, after the completion of the 5-waves count, I see the small correctives waves and I also can place an inset H1 chart to see the H1 price action and H1 HA candles. On the M5 chart, I see the H1 candles and the H1 Double Inside Bars which are the M5 corrective waves ... I see more, I learn more, .... {image} {image} learning is fun and when I do it on a PC with 24-in wide curved screen it even more fun. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EJ Jul 21 M5 corrective waves 21-7-2021 7-12-16 pm.png Size: 56 KB


can you identify the M5 corrective waves ?

Attached Image


if you can and see the H1 candle price action then your next trades would be a breeze.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,788
  • Jul 21, 2021 6:26am Jul 21, 2021 6:26am
Quoting DrDave
{quote} Big E learned Elliot Wave too back in 2009 here in Forex Factory.... { here } So, we see that the site search engine is not to be trusted. But simple web scraping would do the trick.
"Big E learned Elliot Wave too back in 2009 here in Forex Factory.... { here } "

LOL

what have I been telling you people the past 7 years. Read all his 1488 posts and do not missed those in the Recycle Bin.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E 1488 posts.png Size: 59 KB


Follow Big E in Forex Factory and learn EVERYTHING ... that's his trading journey starting like every forex newbie here in FF.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E signing in to learn.png Size: 18 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,789
  • Jul 21, 2021 6:33am Jul 21, 2021 6:33am
The laughs just don't stop!!

Look at Vincent's wave analysis and see one of the biggest downsides to it: Problematic to make an accurate real-time count that is useful for day trading.
Attached Image (click to enlarge)
Click to Enlarge Name: 514985ef3250dffaf450539b437a34b0.png Size: 359 KB
To free Gazans of Hamas, use whatever it takes.
  • #122,790
  • Jul 21, 2021 6:33am Jul 21, 2021 6:33am
Quoting tommydoginti
{quote} How left do u need to look at? On my phone it can go back 2 years +2 more months with daily chart. Can extend the “left” by setting the current bar closer to right edge of chart Just an example {image}
"On my phone it can go back 2 years +2 more months with daily chart."

do that for 28 pairs and you will have fun with your fingers.

save each chart template and save the profile too on your phone.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,791
  • Jul 21, 2021 6:35am Jul 21, 2021 6:35am
Quoting DrDave
The laughs just don't stop!! Look at Vincent's wave analysis and see one of the biggest downsides to it: Problematic to make an accurate real-time count that is useful for day trading. {image}

very good. I see you follow my post very closely and that show you want to learn but afraid to ask question.

I will correct my typo for you.

Done!

Attached Image (click to enlarge)
Click to Enlarge Name: EJ Jul 21 M5 corrective waves 21-7-2021 7-12-16 pm.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,792
  • Jul 21, 2021 6:43am Jul 21, 2021 6:43am
Quoting DrDave
{quote} I am neither a professional trader nor full time trader; some months I don't even trade at all. But I manage about 3-5% per month. It's plenty for me.

"But I manage about 3-5% per month. It's plenty for me."

LOL.

You are lying. We all know that.

How much do you earn with your 'Dr'. title? 3-5% of USD1,000 one thousand dollars.... that's plenty for someone trading from "Israel".
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,793
  • Jul 21, 2021 6:50am Jul 21, 2021 6:50am
Quoting emmanuel7788
{quote} "But I manage about 3-5% per month. It's plenty for me." LOL. You are lying. We all know that. How much do you earn with your 'Dr'. title? 3-5% of USD1,000 one thousand dollars.... that's plenty for someone trading from "Israel".
LOL
Green-eyed monster Envy is on the loose!
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #122,794
  • Jul 21, 2021 7:09am Jul 21, 2021 7:09am
Quoting DrDave
{quote} LOL Green-eyed monster Envy is on the loose! {image}

LOL.

You are the one Green-eyed when the OP of this thread was making $500 to $1000 US dollars per evening
All your TDA with IMT crap make only 3-5% of USD1,000 one thousand dollars.... that's plenty for someone trading from "Israel".

Read this :
#7555

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,795
  • Jul 21, 2021 7:16am Jul 21, 2021 7:16am
Quoting emmanuel7788
{quote} on my PC running MT4 I can do a lot more studies , etc. Now, after the completion of the 5-waves count, I see the small correctives waves and I also can place an inset H1 chart to see the H1 price action and H1 HA candles. On the M5 chart, I see the H1 candles and the H1 Double Inside Bars which are the M5 corrective waves ... {image} I see more, I learn more, .... {image} learning is fun and when I do it on a PC with 24-in wide curved screen it even more fun. {image}

EJ Jul 21 M5 wave trading with Big E' TMS 5-Method H4

Now it looks more interesting when I trade the H4 and seeing the M5 correctives waves.

H1 has a Master Candle consolidation.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ Jul 21 M5 with H4 TMS 21-7-2021 8-12-28 pm.png Size: 62 KB



Now do you folks know why Big E did not want to talk about Elliot Wave in this thread ?

His 5-Method is

follow simple rules for entries and exits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,796
  • Jul 21, 2021 8:52am Jul 21, 2021 8:52am
Quoting emmanuel7788
{quote} {quote} {image} another approach would be to place this thread OP chart template and compare the price swings at each price swing, observe the TDI below and where the TDI also show the previous swing high/low and levels. {image}
Thanks for your reply
I am trading 123 as reversal pattern , this is first time to know it could be used as continuation thanks for info.

but i haven't get your opinion about appropriate C point
  • #122,797
  • Jul 21, 2021 5:53pm Jul 21, 2021 5:53pm
.
  • #122,798
  • Jul 21, 2021 5:56pm Jul 21, 2021 5:56pm
I intend to one day be as good as you´s. Always looking for simplicity in operations.

Which page is method 5 on?
  • #122,799
  • Jul 21, 2021 6:19pm Jul 21, 2021 6:19pm
Quoting Rahmandorai
{quote} Thanks for your reply I am trading 123 as reversal pattern , this is first time to know it could be used as continuation thanks for info. but i haven't get your opinion about appropriate C point
Quoting Rahmandorai
{image}Sorry for irrelevant post but anyone trade ABCD harmonic can help please Which point is a C ? As i know ABCD pattern essentially compare the two impulse waves "steep and price" AB and CD so Is it right to select point number 1 as C ? or it should be the deepest point of AB ?
I would take the first retracement (your c2) as the C.... the > 0.382 'rule'.
but tyhat depends on the overall big picture... if the market is sideways wide range, then the C can be deeper retracement >.618 to 0.786
then the CD leg would be next swing AB=CD


Attached Image (click to enlarge)
Click to Enlarge Name: Rahmandorai EJ M5 waves.png Size: 138 KB

Scott Carney' book:

Attached Image (click to enlarge)
Click to Enlarge Name: ABCD retracement.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,800
  • Jul 21, 2021 6:27pm Jul 21, 2021 6:27pm
Quoting emmanuel7788
{quote} {quote} I would take the first retracement (your c2) as the C.... the > 0.382 'rule'. but tyhat depends on the overall big picture... if the market is sideways wide range, then the C can be deeper retracement >.618 to 0.786 then the CD leg would be next swing AB=CD {image} Scott Carney' book: {image}

like this example:

Attached Image (click to enlarge)
Click to Enlarge Name: Example ABCD.png Size: 166 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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