Trading Made Simple

WHY????

WHY????
Stop trying to confuse matters by asking for some facts and logical reasoning!

with TDI you have got 4 buy signal and 4 sell signal.
Hasib, you may as well just throw in the towel because, after (too) many admonishments about TDI green cross red, you can't even understand that there are exactly ZERO TDI buy signals and ZERO TDI signals. However, there are 4 TDI green cross red up ALERTS of POSSIBLE buying opportunities, and 4 TDI green cross red down ALERTS of POSSIBLE selling opportunities.

violation of CoC will be handled by FF admin.

{ information deleted by staff, per membership policy }

Your post was hidden by FF admin because of personal insult breaching Code of Conduct.

Your chart showed that you don't understand BigE's Trading Made Simple method and Price Action.


Echoing DrDave's point in the previous post, you have to evaluate the Price Action prior to entering a TMS TDI green cross/bounce red entry signal.

The Price Action in this chart is so simple that there is no need to validate the setups without the TDI.

You have spent too much time finding the "Holy Grail" indicator
You have spent too much time chasing every TDI green cross red
You have spent little time to study BigE's posts
You have spent no time in Price Action.

#647..... Am I in or close to a consolidation area

Make more profit!!
Sell on E-Bay as Modern Art.


Lonely Trader

another violation of FF Code of Conduct ... happens everyday in FF.

but if you are curious and want to read the post, it is still there ... View Post option.

hasib' cryptic post #123,738 chart got 3 members busy trying to solve his puzzle.

buy I know the peacock story and it has three happy ladies.

"
You have spent too much time finding the "Holy Grail" indicator
You have spent too much time chasing every TDI green cross red
You have spent little time to study BigE's posts
You have spent no time in Price Action.
"

@tommydogie

your post above reminds me and many others of the conclusion made long time ago about @Tekkies

@Tekkies still believe the TDI is Holy Grail
#71,385
…
Tekkies spends too much on his TDI and Stochastics, now on his M15 & H1 V-lines gimmicks.
Tekkies did not spend enough time on Post#647 to learn Price Action, Support & Resistance and Market Consolidation.
Tekkies should spend more time on Money Management, Risk management for entries and exits.
Tekkies should learn to reduce his large number of BE trades, and How to Let Profits Run.
Tekkies will one day learn Post#2617 and he will realize that he can strip the TDI and Stochastics from his trading charts and he would then realize that taking trades would be a breeze and that the TDI is not in his WINNING EDGE equation.
...

anyway thanks for another Sunday laughs

hasib (123,738)

As long as the trader has his Blueprint for Trading Success and developed his own trading system(s) to trade in different Market Types, and he knows his own system rules - his entries and exits is not my business.

Traders must have their DISCIPLINE to trade his own winning system which fits him. (Big E' Post#296) and to achieve CONSISTENCY and will grow an account over a longer trading period.

hasib post chart has a few details which people missed and also they must not judge based on so little information. I find them rather entertaining on a Sunday spending their time here.
There is not big picture but I am sure hasib has his top down analysis done and he knows his reasons well and why he buy at some point on that small chart. He knows where he fire from and has his stop loss and have done his SWOT analysis and knows his trade risk.

As I learn for many years from other good traders here in FF I shall keep an open mind about his trade.

"#647..... Am I in or close to a consolidation area "

@Tekkies

whoever drew that two yellow lines on hasib ' chart have no idea what he doing here and do not know how to read normal candles and determine the market types conditions on that small portion of that price chart.

between the two yellow lines are many normal candle not APB/HA candles which Big E would use to see price action and market conditions.




@Tekkies, is this another deception or selective reading using Post#647?

study the candles before you even look at the Stoch and TDI and know the market conditions.

Post#647 re-print below
<>
Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average...

With bounce trades the odds are lower for your success... but it still works.

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
Am I in an uptrend or downtrend.. short & long term...
Am I in or close to a consolidation area
Are the previous candles small...
Look at the candles on the last reversal... big, little, what
How does the momentum look right now (12-2, 4-6)
Does Stoch's confirm the TDI signal
Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it...
If you don't already know these things... don't trade live yet... www.babypips.com is a good place to learn about the basics of trading 4X.
<>

here is a link to FF distinguished member strat who has made enormous contribution to the FF trading community.

does Price Action really lead and indicators lag?

{ here }

Big E was right when he made his Post#2617 May, 2011.
You have to spend years to learn plain and simple Price Action.

#2617
Alright all you party animals trying to recover from last night... or longer...
Last couple of pages has covered many different topics... well, touched base anyway....
2scoops... on post 2594...
2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?
Read above...
I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too...
There is a handful who trade it correctly here who are rewarded nicely...

hasib' #123,738 chart:


"
Your chart showed that you don't understand BigE's Trading Made Simple method and Price Action.

The Price Action in this chart is so simple that there is no need to validate the setups without the TDI.
"
@tommydogie

Your post reply above shows that you still have a misconception what is Big E Trading Made Simple - that's the title of his thread and his trading methodology is his 5-Method. The BASICs of Big E' 5-Method is explained in his old thread with lots of training charts where the 5-Method started and can be summarised in Post#261 in this thread.
Hasib's chart #123,738 above is not a 5-Method chart template.

The Price Action using Japanese candlesticks what Big E referred to as normal candles is not the basis how Big E looked at PA in his 5-Method.

Question: Did Big E check his normal candles chart when he traded back in 2010 and 2011?

You again provided misinformation about Big E trading rules. He always look PA and 5EMA and must be confirmed with both Stoch and TDI signals. Post#261.
Every trade setups must have PA with HA candles, 5EMA as the direction and reversal candles with Stoch signal and to be confirm with TDI green price line action.
For Big E who develop his 5-Method, it is easy for him to check his TDI for trades and he know when and where he would pick the best setups. He has his aggressive entry style and his conservative exits to protect his trading capital. (Post557)

>>> Continue to read, study and learn by taking more notes (Post#12,912) of Big E trading journey in Forex Factory. Take your time and spend another year doing this and you will probably get there sooner than many others who have been trying for many more years that you ..

>>>Study his "perfect setup" posts and his charts.

That is another powerful yet simple Price Action to analyse the chart when considering entering a trade.

Previously, #123,689. I referred to BigE’s #647
How close am I to the previous high or lo
Price has not reached previous highs and lows.

The other PA consideration as of BigE, also able to help traders to avoid trading bad setups
Am I in or close to a consolidation area (yellow box)



We saw two traders in this thread entered a SELL in the consolidation region.

Traders who cannot identify Consolidation Area or enter trades because of “Thinking price should...” will lose many trades.

there's nothing powerful in that basic price action reading.

start this week knowing your calendar events and you should know it is the last two trading days of August month.

have you learned dcginc Weekly Top Down Analysis yet? He is one of Big E' pioneer TMS trader back in 2011.

come back again when the European session open and look at the 4hr chart for better trades this week.

Weekly WCC wk33 high-low range is ~275 pips.
Last week wk34 was narrow ranged and Inside Bar candle

between historical MN swing levels 1.3528 and 1.3915 - are several RNs 50 and BRNs 00 levels to look for price action trade setups the way Big E did in this thread.

his BASIC setup are simple and elegant . Post#261 to start with.



know where to fish!

Many traders spend a good portion of time looking for and identifying trends in stock charts, hoping to ride the next wave to profit. However, for some, sideways price action can be just as lucrative. When a security stops following a trend and instead oscillates between two prices, it becomes range-bound.
As the price bounces back and forth, it establishes identical, or nearly identical, highs and lows, creating an upper resistance level and a lower support level. While the limited upside potential may be frustrating for someone looking to ride a trend, the relative predictability of these highs and lows can mean easy money, albeit in smaller quantities.
Effective Strategies for Trading Range-Bound Securities
To effectively trade a range-bound security, it is essential to first confirm the range. This means the price should have reached at least two similar highs and lows without breaking above or below at any point in between.
Once the range, or price channel, is established, the simplest trading strategy is simply to buy near the support level and sell near resistance. Alternatively, when trading options, one could purchase calls near support and sell puts near resistance. Of course, especially when it comes to options trading, veteran traders may use more complex strategies to play both sides of the bounce simultaneously.
Since the chief risk inherent in trading range-bound stocks is being on the wrong side of the breakout, it is important to pay close attention to any clues that might hint at when it will occur. Generally, a trading range is merely a pause before the continuation of a current trend or a period of indecision in the market before opposition forces a reversal.
Therefore, while it is tempting to simply set a stop-limit order near the support or resistance levels and trust the pattern, it is crucial to pay attention to other indicators, such as trading volume, that may indicate an impending breakout. If the price breaks downward through the support level, a prematurely purchased call can quickly be rendered worthless. A patient and conscientious trader can profit from the range and the breakout.

You don't Need Pivot for Range trading. BS trader Davit use pivot to understand Market context. It is his inability to understand market context by drawing, Daily high low, weekly high low and Monthly High low.

As someone with over 30 years in finance, business and the markets, I respectfully disgree with your characterization of technicals and the people that used them to trade.

Fundamentals hinge entirely on speculation. Although they clearly effect the markets, they are subject to wide interpretation. If they were not, we would not need the likes of CNBC, Bloomberg and other financial information outlets. These sources owe their existence to the opinions of their “experts” that consistently debate opposing viewpoints; their interpretation of the data generated by the fundamental variables and how it will affect the market. Furthermore, beyond our resources, there may be inside information or other factors we are unaware of that will influence the outcome of the news. Without this additional information, it would be ridiculous for us to speculate as to the market’s behavior. We would never have enough information to create an edge, so trading purely on fundamentals is not wise because the risk for most of us too great and unacceptable.

Fundamental trading requires supporting/defending one side of an argument whereby one side will always lose. As technical traders, we are only interested in what the results are, not why. We can observe the market’s reaction to fundamental data, but we react with a technical approach. We know that news and other economic factors (fundamentals) may move the markets, or not. We never know to what degree or in which direction the market will react until we actually observe the outcome using our technical analysis. How often have we thought the market should do one thing based on fundamental data, and to our minds, the market’s reaction was totally the opposite? How often have we found that there is really little correlation to news and the market’s reaction to it?

Fundamentals clearly drive the market. That premise is not in dispute. However, it is virtually impossible to formulate a trading system or plan based on fundamentals because they do not produce repeatable results or consistency. We need to be aware of the news, but we should never assume we know how the market will react to it. Unless you are controlling the resources of a global invesment bank that has access to "inside" information, fundamentals are meaningless to most traders at this level.

I have inquired about and never been shown any example of a fundamental trading plan or system that can produce any consistency or repeatable strategy for profitability.

I assure you, all of the successful technical traders I know are very profitable and are not ignorant or lazy. To the contrary, they are seasoned professionals that outperform by a longshot most prop room and institutional traders often with much greater informational resources at their disposal.

We all will believe what we choose, but for most of the people in these chat rooms and forums, your assessment of what is required to understand the markets via fundamentals is unrealistic. To understand and apply the subjects you've listed for most people would require a lifetime of work - I know because I've spent my time trying to know it all. I came to the conlusion a while ago that there is just too much conflicting information and I do not have access to it all. So now, while most fundamentalists are speculating and wondering why, this technical trader is taking profits and not caring why.

Just another perspective.

All the best.

dcginc


BS trader Davit Trade Fundamentals in M15 chart. So funny.

Davit Read it, Don't be stupid and Idiot, Don't act expert, you have long way to become good trader like many good trader here in FF.
Your can deceive new traders with your BS not good trader.

"We all will believe what we choose, but for most of the people in these chat rooms and forums, your assessment of what is required to understand the markets via fundamentals is unrealistic."

You are certainly entitled to your opinion. My point is simply that until fundmental data is published/announced and the market collective decides its effect, it is pointless to speculate. It the visual stimulus (charts) that ultimately closes the decision making loop toward action. If not, you will always be at the mercy of the market . . . might as well flip a coin.

I would agree with the premise that additional knowledge is required to understand the nuances of trading. I too am a fan of Jesse Livermore and subscribe to many of his philosophies (timing, patience) that I would consider universal to successful trading. However, I would surmise that his strategies would have to be adapted to current information, technology and global conditions - so not as straight forward fundamentally as back in the day.

Simply staring at a chart and trying to predict is a losing proposition. Staring at a chart, recognizing historical behaviors/patterns do re-occur, applying rules to execute trades, and using emprical data to test and implement a plan and system is far better, a least for me, than trying to determine how/why the latest ECB EU bailout will effect the markets. I'm just not good enough to know, nor do I care until the news is out and the market can digest it.

Place like FF are a place to learn (or not) and get a sense of what's out there. The real challenge is to filter what works and what does not - and that tends to be an individual journey. I maintain that most traders here, and most pundits for that matter, lack a clear understanding of fundamentals and how they can effectively be applied to develop a consistent strategy; if at all. Furthermore, most lack the knowledge and discipline to implement a technical trading system/plan as well.

All that said, as long as what you're doing is profitable, you're right if it works for you. Technicals work for me and that's why I'll defend them.

All the best.

dcginc