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Big E's Trading Made Simple - Chart Analysis

  • #21
  • Aug 3, 2021 10:47am Aug 3, 2021 10:47am
Quoting tommydoginti
{quote} Thanks. I will post my trades and elaborate a bit using the PA analysis criteria of #647, mainly - previous high/low - trend direction for long/short term - price rejection in previous high/low So my trades are usually trading away from S/R levels.
Been studying a new approach for price levels to anticipate (TMS) trade setups for better accuracy and discounted price. From late July I switched to HTF for a while for TMS, and practice the new method separately at m15 or lower until integration.

Anyway, a small lot sell at GU.

1.39199 > 1.38159(+0.9pip spread)

#647 PA analysis
previous high/low - previous high @1.393 and current peak showed strong push up but rejected
trend direction for long/short term - Current is ranging but I have long term sell bias
price rejection in previous high/low - multiple wick rejections

Entry at TDI cross and candle #1. (#261)

TP was targeting 1.383-ish. But seeing price rejection at previous low strong and second attempt failed with multiple wick rejection. Manually exited seeing price left previous low.

Green pips to all

Attached Image (click to enlarge)
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  • #22
  • Aug 3, 2021 11:40am Aug 3, 2021 11:40am
Quoting tommydoginti
{quote} Been studying a new approach for price levels to anticipate (TMS) trade setups for better accuracy and discounted price. From late July I switched to HTF for a while for TMS, and practice the new method separately at m15 or lower until integration. Anyway, a small lot sell at GU. 1.39199 > 1.38159(+0.9pip spread) #647 PA analysis previous high/low - previous high @1.393 and current peak showed strong push up but rejected trend direction for long/short term - Current is ranging but I have long term sell bias price rejection in previous high/low...
Forgot to mention exit was based on PA at m15
  • #23
  • Edited 5:34pm Aug 3, 2021 5:04pm | Edited 5:34pm
EURGBP SELL at 11 (2 hours after London), closed after 13 hours due to flat TDI, profit +15 pips.

Thought about leaving it over night but it's near previous support so I just ended it.

Attached Image (click to enlarge)
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I also had EURJPY open all day (bounce) and closed it just now for basically 0 pips. It went over 20pips at one points but eventually the TDI went flat for breakeven.
  • #24
  • Edited 5:27pm Aug 3, 2021 5:06pm | Edited 5:27pm
tommydoginti blocked from posting on this thread, useless posts and images that are a pain to look at.
  • #25
  • Aug 29, 2021 9:03am Aug 29, 2021 9:03am
Hi Dzimidula,

I use mobile to trade. So I only can contribute here occasionally and share some of my trades whenever I have time to be using the PC.
This thread is a good idea. please keep on. Please feel free to let me know if the chart setting is okay.

I particularly like your point. Because I trade using only BigE's instructions.
4) Pure Big E's system should be used, do not talk about modifying the system, using additional indicators etc.

Lemme share one of my favorite trades on Friday
GU Buy at 1.3694 at TDI cross, Closed the trade @1.3765 which is previous high. Single entry single exit 71 Pips profit.

Trade well Dzimidula

1. TDI green red line —-> cross
(#647 (https://www.forexfactory.com/thread/post/4581540#post4581540)PA analysis)
2. Previous High/Low —-> Low
3. Rejection at previous High/Low ——> Broke out but rejection back in.
4. Trend, long and short term —-> Up. Expect price to move up

Attached Image (click to enlarge)
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  • #26
  • Aug 29, 2021 1:57pm Aug 29, 2021 1:57pm
Hey tommy, great trade! I see you understand and harbor no hard feelings, it is all about chart clarity and not getting flooded with crap. On mobiles it's hard to see what's going on, and on this image it is very clear and nice, I am glad you are posting here as I saw the other TMS thread and saw you posting nice charts there with great explanations.

Also if anyone else gets "banned" on this thread but changes his posts just PM me and I will unlock you, it's nothing personal, hopefully most of us are mature here like tommy, it is just about not getting flooded with crap, nothing else.

This thread is alive however I personally am not using this system at the moment, I am not willing at the moment to invest the time to really go for it, and I am trading 4H charts and really prefer normal candles over HA candles.

I am using pure PA and fixed percentages for sl/tp, I am looking to get funded by FTMO so I am just doing this way now because I have a clear plan and purpose, because getting funded is hard and you have to be very careful with percentages and so far it is working out great.
  • #27
  • Aug 29, 2021 2:01pm Aug 29, 2021 2:01pm
@tommydoginti a question, did you take a sell on the way down after your profit? It seems to be a confirmed resistance zone and the candle looks good on the image?
  • #28
  • Aug 29, 2021 8:26pm Aug 29, 2021 8:26pm
Quoting dzimidula
Hey tommy, great trade! I see you understand and harbor no hard feelings, it is all about chart clarity and not getting flooded with crap. On mobiles it's hard to see what's going on, and on this image it is very clear and nice, I am glad you are posting here as I saw the other TMS thread and saw you posting nice charts there with great explanations. Also if anyone else gets "banned" on this thread but changes his posts just PM me and I will unlock you, it's nothing personal, hopefully most of us are mature here like tommy, it is just about not...
Thanks for the kind word.

Glad you have found your way to trade profitably. Good luck in your funded trader journey!

BigE’s Trading Made Simple is ultimately Price Action discretionary trading method. TDI is a very useful supporting tools.
1. It reduces your chart time as cross/bounces happen you then analyse the chart.
2. After PA analysis should a trade setup is valid, the price is moving in the direction of trade with momentum picking up. It is more likely price will move into profit zone. You are in a better position to manage trades

Green pips to you
  • #29
  • Aug 29, 2021 8:32pm Aug 29, 2021 8:32pm
Quoting dzimidula
@tommydoginti a question, did you take a sell on the way down after your profit? It seems to be a confirmed resistance zone and the candle looks good on the image?
The bigger picture is trend was up. So buys were more preferred. A higher high was formed after this trade, if Sell I would wait and evidence of price rejected from a price level (next resistance)

On the back of my mind, it was also last few hours of Friday, so I went down to lower time frame to grab a bit more profit

Buy 1.37528 > 1.3764
Sell 1.3763 > 1.3758 (go to bed)

trade well
  • #30
  • Aug 30, 2021 1:07am Aug 30, 2021 1:07am
Well you seem to be Big E's "successor" so to speak, meaning doing it his way and actually profiting (don't know anyone else that is doing the same?), and it is really good to hear someone is! I think snarleyjack was kind of the "heir" but even though he praised it in the first year later on he lost faith with the method and started manipulating it, so you can't really take his good view on it seriously.

Do you usually trade 1H only, not higher? And in London and New York sessions I presume?
  • #31
  • Aug 30, 2021 1:39am Aug 30, 2021 1:39am
Quoting dzimidula
Well you seem to be Big E's "successor" so to speak, meaning doing it his way and actually profiting (don't know anyone else that is doing the same?), and it is really good to hear someone is! I think snarleyjack was kind of the "heir" but even though he praised it in the first year later on he lost faith with the method and started manipulating it, so you can't really take his good view on it seriously. Do you usually trade 1H only, not higher? And in London and New York sessions I presume?
I wouldn't say I am trying to be a successor or something. However I have studied BigE's posts and practiced the rules and found they are actually very useful. The main TMS thread is filled with additional EAs, indicators that stand in the way of learning, sadly.

As I am from Hong Kong and have a full time job, I trade whenever I have time and timeframe is flexible. Many of my trades are analyzed from m15 or lower, but also some on H1 to D1 (D1 is for cryptos)
It is true that BigE preferred to trade during certain time of the day and also certain timeframes including H1 and H4. But the Trading Made Simple is actually not restricted to time-based parameters. e.g. #644 (https://www.forexfactory.com/thread/post/4581504#post4581504) and #1170 (https://www.forexfactory.com/thread/post/4589300#post4589300)

I am learning BigE's Price Action analysis within the TMS method. It takes time to learn the PA that suits you, but it shouldn't be difficult to spot what is and what is not because the fundamental concepts of TMS PA is simple (mastering them is another story).

I will respect your thread rule and post trades I analyze at H1 or higher.

Happy trading!
  • #32
  • Last Post: Aug 31, 2021 12:18pm Aug 31, 2021 12:18pm
GBPUSD H1.

Entered when seeing price broke out and broke back in (rejection) the range and across a resistance. Price was more likely to move down if not break the low of the range.

1.37811 > 1.3756

1. TDI green red line —-> cross
(#647 (https://www.forexfactory.com/thread/post/4581540#post4581540)PA analysis)
2. Previous High/Low —-> High (Equal High with Aug18)
3. Rejection at previous High/Low ——> Rejection of breakout candle back to range on 31/8
4. Trend, long and short term —-> Range, Expect price to move down to range low area.

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