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Trading Made Simple

  • #123,241
  • Jul 29, 2021 6:20pm Jul 29, 2021 6:20pm
Quoting Sirajdeen
{image}{quote} Yes right emmanuel.. its is pharma industry stock 15 min tf Waiting for your message...
Hi Sirajdeen

Pharmaceutical sector , that's one of the top performing industry sector to watch it grow. My friends here who are from India made their small fortune the last 15 years.

You are trading the stock market like Big E did for ~10 years. I' ll PM you Big E' trading coach the same one I followed for many years.

Now let's review your charts.

1) the HA candle chart and the Bar chart.

- you can consider using the Bar chart and the RSI/MA as in John Hayden book. Pick the RSI and MA seeting you feel comfortable with and develop your trading system with just one set of RSI and MAs parameters. Write your own rules for entries and exits, and remember Big E' post - follow simple rules for entries and exits, and this has nothing to do with just the TDI.

- with so little history data on your HA chart, I can only see a few previous price action PPA swing highs and low. Look for CONFLUENCE of other support&resistance like the use of dynamic moving averages 10,50,100,200 , look at historical price levels and the current round numbers 20,50,80 and big round numbers, 00.

Attached Image (click to enlarge)
Click to Enlarge Name: Sirjdeen post 29-7-2021 4-09-52 pm.png Size: 477 KB


2) ... stay tuned for Exit Strategy and Trade Management...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,242
  • Jul 29, 2021 6:25pm Jul 29, 2021 6:25pm
UChf Jul 30 Month-End

- those Telegram groups who caught this WCC trade...

- you folks worked together very well and get rewarded with your combined effort and sharing.

- well done !

- its month-end, we have the next month to follow through.... with room to go lower.

Attached Image (click to enlarge)
Click to Enlarge Name: UChf Jul 30 H4 V19 30-7-2021 7-21-20 am.png Size: 91 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,243
  • Jul 29, 2021 6:40pm Jul 29, 2021 6:40pm
Quoting tommydoginti
{quote} Hi Sirajdeen, I see that you are using the built-in HA candle chart on Trading View. I wasn't looking at your indicators since was discussing using simple Price Actions to decide whether and when to trail SL to maximize your odds of profit. (It is not BIO right?) One thing you should look out, BigE's TMS, TDI green/red lines are calculated using traditional candlestick OHLC. If you use TradingView and switch to HA candle, all indicators will calculate based on HA candles, which is not how TMS uses the indicators. I have addressed another...

@tommydogie

very good to see that you are starting to learn Big E' 5-Method.

you will learn all about the setup s/u candles in the two Best of Big E pdfs.

members who come late to this thread have 3 options:

as in Post#123, 206
https://www.forexfactory.com/thread/...3#post13646313

or those who came in 2017 already have these:

Post#76,986
https://www.forexfactory.com/thread/...31#post9656031
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,244
  • Jul 29, 2021 6:43pm Jul 29, 2021 6:43pm
Quoting tommydoginti
{quote} Hi Sirajdeen, Just like BigE did not use candlestick patterns (only setup or a/u candles he has referred to), I also don’t use candlestick patterns. As of entry, I don’t see a good reason to enter since the last swing was LH and HL. When I look for FakeOut reversal trade I would like to see previous highs /lows all respecting a R/S. However for SL trailing, I also apply BigE’s PA analysis for entry and use them for trade management decisions. #647 is the Price Action essence of BigE’s TMS and #2617 to do it without In your example, previous...
"Just like BigE did not use candlestick patterns ..."

@tommydogie

are you so sure he did not use candlestick patterns?

he was trading the stock market for 10 years. do you think he did not know Japanese candlesticks.

do you know that when the Daily shows a Pin-bar, both the Stoch and TDI would be 'flat'.

he also considered Steve Nison to the best in the USA.

you should read all his posts in Forex Factory and get to know the man better.

study old charts and post your GU Daily chart for the week of April 25 to 29, 2011
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,245
  • Jul 29, 2021 6:51pm Jul 29, 2021 6:51pm
Quoting LukebSkywalk
Emmanuel (Christ with us) ... Thanks once again for the correct link to my need, but unfortunately I have to make a quick trip and I will be back in 4 to 6 weeks in order to sort out some personal problems. Once I'm back I will open a forex account and ask you to Mentor me to learn well, as by only following your teachings I have been trading my friends account well. Take care my new found mentor till I'm back. God bless
Have a safe journey!

If you can, drop a message in a bottle into the South Atlantic Ocean and you will never know how far that bottle will travel and I may find it in the other side - South Pacific Ocean ....

Talk soon.

Stay Safe!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,246
  • Edited 7:25pm Jul 29, 2021 6:55pm | Edited 7:25pm
Quoting emmanuel7788
{quote} "Just like BigE did not use candlestick patterns ..." @tommydogie are you so sure he did not use candlestick patterns? he was trading the stock market for 10 years. do you think he did not know Japanese candlesticks. do you know that when the Daily shows a Pin-bar, both the Stoch and TDI would be 'flat'. he also considered Steve Nison to the best in the USA. you should read all his posts in Forex Factory and get to know the man better. study old charts and post your GU Daily chart for the week of April 25 to 29, 2011
study old charts and post your GU Daily chart for the week of April 25 to 29, 2011

here is the old chart which Big E told us about...

April 28,2011 was a Daily Pin bar on his post.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #563 April 29 Daily Pin Bar 30-7-2021 7-52-09 am.png Size: 43 KB


study the Daily chart above,

> write your own notes,

1) write just 3 things you read on the Price Action with the bar chart.

2) write another 3 things you read on the Price Action with the APB/HA candles.

when you combine 1) and 2) above, you will see the Power of the Best_of_Both_Worlds BOBW ... and you will move one level higher... up to the same level of great traders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,247
  • Jul 30, 2021 1:27am Jul 30, 2021 1:27am
GC one trade hit tp today, Another is running,
H4 trade.

Both trades are Counter trend trade.
I open in GU but when I saw GU is moving up, I close GU trade with 7 pips loss. But GC I keep open since I don't see any reason to close the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 23 KB
MA provides the market's current direction and strength.
  • #123,248
  • Jul 30, 2021 1:38am Jul 30, 2021 1:38am
EG H4 trade Counter trend Trade is running,
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 29 KB
MA provides the market's current direction and strength.
  • #123,249
  • Jul 30, 2021 1:53am Jul 30, 2021 1:53am
Trend following models are reactionary systems; meaning that they do not make forecasts about specific
price levels or exact timeframes when price moves will occur. Instead, these models are designed to
react to recent price movements. Reactionary systems can be related to the ripples formed when a rain
drop hits a puddle. A reactionary system is just trying to respond to the ripples that are formed when a
drop hits, not forecast when the next drop will hit or how big the next ripples will be.
For the most part, trend following systems generate only a handful of trades per year and their trades
tend to last for many months. These systems have a low percentage of winning trades (25%-45%), but
compensate by having an average winning trade return that is larger than their average losing trade
return (winning/losing trade return ratio). Normally, a trend system has a winning/losing trade return
ratio greater than 2.4
Because a trend can last for many months, a trend following system can become
highly correlated (or inversely correlated) with the asset it is traded on. Additionally, trend following
systems tend to give back substantial profits at market turning points and they are subject to whipsaw5
in directionless markets due to their longer investment timeframes.
Characteristics of Counter-Trend Trading Models
Counter-trend trading models are far less common in managed futures strategies. Nevertheless,
counter-trend models offer a systematic, reactionary framework for trading that is equally as effective as
trend following, but quite different in methodology. The majority of counter-trend models are looking to
sell short-term overbought levels and buy short-term oversold levels, in an effort to harvest market noise
(see Figure 2). A short-term timeframe could be as short as a single trading day or as long as a week or
two. This short-term, mean-reverting behavior allows counter-trend models to thrive in markets with a
lot of back-and-forth price movement.
Figure 2 depicts a hypothetical price path over seven trading days. A counter-trend model aims to buy
and sell at the inflection points, selling after prices have moved up and buying after they have moved
down.
MA provides the market's current direction and strength.
  • #123,250
  • Jul 30, 2021 2:39am Jul 30, 2021 2:39am
Quoting emmanuel7788
UChf Jul 30 Month-End - those Telegram groups who caught this WCC trade... - you folks worked together very well and get rewarded with your combined effort and sharing. - well done ! - its month-end, we have the next month to follow through.... with room to go lower. {image}

UChf Jul 30 London Open hour

- price is back at Day Open

- the rest of today, London and New York sessions will decide the MN candle lower shadow

- we trade following the trending Daily and trade away from the Day Open
https://www.forexfactory.com/thread/...0#post13644660

- but I have one exception to this rule i.e. when trading the Month-end, ... Do Not trade!

Attached Image (click to enlarge)
Click to Enlarge Name: UChf Jul 30 V19 w D1 and W1 30-7-2021 3-33-54 pm.png Size: 92 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Trade Away from the Day Open.png Size: 165 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,251
  • Jul 30, 2021 3:43am Jul 30, 2021 3:43am
How? Well, I enjoy it, watch the screen and let my instincts and brain play the game...
No math or over indicators were used in this this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.jpg Size: 248 KB
  • #123,252
  • Jul 30, 2021 4:51am Jul 30, 2021 4:51am
Quoting emmanuel7788
{quote} study old charts and post your GU Daily chart for the week of April 25 to 29, 2011 here is the old chart which Big E told us about... April 28,2011 was a Daily Pin bar on his post. {image} study the Daily chart above, > write your own notes, 1) write just 3 things you read on the Price Action with the bar chart. 2) write another 3 things you read on the Price Action with the APB/HA candles. when you combine 1) and 2) above, you will see the Power of the Best_of_Both_Worlds BOBW ... and you will move one level higher... up to the same level...

GU Jul 30 M5 Month end

- watching the month-end can be fun when I see Daily Jul 30 and Jul 29 competes for the Month' High and then creating the Month shadow.

- Jul 30 won the new high but who will win today' race.

- I placed my bet at London session Close.

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jul 30 M5 bird watching 30-7-2021 5-47-06 pm.png Size: 88 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,253
  • Jul 30, 2021 6:26am Jul 30, 2021 6:26am
Quoting emmanuel7788
{quote} GU Jul 30 M5 Month end - watching the month-end can be fun when I see Daily Jul 30 and Jul 29 competes for the Month' High and then creating the Month shadow. - Jul 30 won the new high but who will win today' race. - I placed my bet at London session Close. {image}

kind of fun scalping M5... no Stoch ... no TDI ... just plain and simple toppisch HA PA consolidation at key level and reversal candle with 5EMA.

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jul 30 M5 month end shadow trading 30-7-2021 6-58-47 pm.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,254
  • Jul 30, 2021 7:55am Jul 30, 2021 7:55am
Quoting emmanuel7788
{quote} GU Jul 30 M5 Month end - watching the month-end can be fun when I see Daily Jul 30 and Jul 29 competes for the Month' High and then creating the Month shadow. - Jul 30 won the new high but who will win today' race. - I placed my bet at London session Close. {image}

PM Q&A

Q. - what are those levels - 1.40015 and 1.39819?

Ans: zoom-out on Daily and see those high and lows

Attached Image (click to enlarge)
Click to Enlarge Name: GU M5 1.40015 QnA 30-7-2021 7-44-10 pm.png Size: 94 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,255
  • Jul 30, 2021 9:07am Jul 30, 2021 9:07am
so called true reversal pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.png Size: 42 KB
MA provides the market's current direction and strength.
  • #123,256
  • Jul 30, 2021 11:52am Jul 30, 2021 11:52am
Quoting emmanuel7788
{quote} Hi Sirajdeen Pharmaceutical sector , that's one of the top performing industry sector to watch it grow. My friends here who are from India made their small fortune the last 15 years. You are trading the stock market like Big E did for ~10 years. I' ll PM you Big E' trading coach the same one I followed for many years. Now let's review your charts. 1) the HA candle chart and the Bar chart. - you can consider using the Bar chart and the RSI/MA as in John Hayden book. Pick the RSI and MA seeting you feel comfortable with and develop...

hi emmanuel..

your analysis was great.. it was totally different from me..

I have taken this trade because of the market was trading negative on that day and pharma sector too..
And i notify that short was building in future and their was a huge call writting @690 so I consider to enter the trade with conformation of stoc and marsi crossing.. angle was quite good.. so i taken this trade..

Your analysis was pure technical and it good

i was not good in technicals as you so i look for other parameters which make conformation about trades..

i will try my best for learning techinacals from you,from thread members and from big E slogans...

thankyou..

waiting for your exit and management post...
Sirajdeen
  • #123,257
  • Jul 30, 2021 7:53pm Jul 30, 2021 7:53pm
Quoting hasib
so called true reversal pattern. {image}

That's a good one but it is Friday and Big E did not trade his 4hr on Fridays.

And also being the Month-End, that would be part of the July MN candle shadow.

I would be scalping that H4 reversal candle and make some money.

Next week we would be looking if there would be a follow through ...

Note NY Closed and RSI green price line is flat ...

Weekly looks like a Doji Gravestone


Attached Image (click to enlarge)
Click to Enlarge Name: EU H4 V19 Jul 30 Closed 31-7-2021 8-26-47 am.png Size: 94 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,258
  • Jul 30, 2021 8:04pm Jul 30, 2021 8:04pm
Quoting emmanuel7788
{quote} GU Jul 30 M5 Month end - watching the month-end can be fun when I see Daily Jul 30 and Jul 29 competes for the Month' High and then creating the Month shadow. - Jul 30 won the new high but who will win today' race. - I placed my bet at London session Close. {image}

GU July Month-End

- Jul 30 Daily won at the end.... it has control of both the Day High and Day Low,

- next week would be hot on Thursday Aug 05 and Friday Aug 06. Check your calendar events and prepare your trade plans.


Attached Image (click to enlarge)
Click to Enlarge Name: GU Jul 30 M5 with Daily winner 31-7-2021 8-23-20 am.png Size: 91 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,259
  • Jul 30, 2021 8:07pm Jul 30, 2021 8:07pm
Quoting Sirajdeen
{quote} hi emmanuel.. your analysis was great.. it was totally different from me.. I have taken this trade because of the market was trading negative on that day and pharma sector too.. And i notify that short was building in future and their was a huge call writting @690 so I consider to enter the trade with conformation of stoc and marsi crossing.. angle was quite good.. so i taken this trade.. Your analysis was pure technical and it good i was not good in technicals as you so i look for other parameters which make conformation about trades.....
Quoting emmanuel7788
{quote} Hi Sirajdeen Pharmaceutical sector , that's one of the top performing industry sector to watch it grow. My friends here who are from India made their small fortune the last 15 years. You are trading the stock market like Big E did for ~10 years. I' ll PM you Big E' trading coach the same one I followed for many years. Now let's review your charts. 1) the HA candle chart and the Bar chart. - you can consider using the Bar chart and the RSI/MA as in John Hayden book. Pick the RSI and MA seeting you feel comfortable with and develop...
Attached Image (click to enlarge)
Click to Enlarge Name: Sirjdeen post 29-7-2021 4-09-52 pm.png Size: 477 KB


here is the trade Exit Strategy and Exit Management

Attached Image (click to enlarge)
Click to Enlarge Name: Sirajdeen M30 chart trade exit management 29-7-2021 6-56-14 pm.png Size: 277 KB

there is also another Exit Strategy using the HA candles.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,260
  • Jul 30, 2021 8:13pm Jul 30, 2021 8:13pm
July Month-end Closed

What is your trading results with July month end closed?

DRAWDOWN - know your drawdown and what the recovery would be like.

if you have a drawdown above 80%, it is impossible to recover when you do not have a winning system.

Attached Image (click to enlarge)
Click to Enlarge Name: Drawdown table.png Size: 67 KB

See this post:

https://www.forexfactory.com/thread/...6#post13604196

hasib's threads provide some good reading and educational materials. He obviously spend a lot of his time researching and learning. He does not suffer from the #463 LIMITATIONS# like you who only read Big E's post in this thread.

For example, his thread post#12 { link }
https://www.forexfactory.com/thread/...4#post13226634

His thread and post will help you better understand that your account drawdown of above 80% will need more than 400% to recover that huge loss.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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