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Trading Made Simple the right way, and other trading lessons 334 replies

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MTF Indicators for the 'Trading Made Simple' system 241 replies

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Trading Made Simple

  • #123,901
  • Sep 2, 2021 2:20am Sep 2, 2021 2:20am
Quoting tommydoginti
{quote} Hi Davit, How would you comment my view on the news just now: ADP Non-farm Employment Change. 1. COVID does not subside in US. Economic recovery is hindered 2. ADP Non-Farm Change forecast was >640K, similar to that of August 3. August actual number was almost half the forecast. Given that, my speculation was the number worse than forecast. General perception of the news would be negative. Impulsive and short term USD would be weak, so GBPUSD would go up. {image} Davit, but I think with your experience and insight in news trading, you can...
Davit in his Pivot Trading thread requires minimum 2 years experience which you do not have yet.

Many of Pivot Traders read this book: "Bird Watching In Lion Country"

when they have finish reading that book, they also read this book : "Day Trading and Swing Trading the Currency Market" by Kathy Lien.
And also reading online market reports regarding market sentiment and fundamental analysis as well as knowledge in Elliot Wave Theory and Harmonic Patterns.
You also need to read Scott Carney's - Harmonic Trading Volume 1 and 2.
You won't be able to trade like Davit because you do not know what is position building in the market and you think of positions building as averaging down and adding to losing positions, etc. all those kind of crap you can only think of.

Read this Davit' post re-print below for you.
<>
I treat My entries as badges as 1 trade consist of 4-6 average mini trades.When I exit I closed them all.
My average distance is 50-100pips which usually same distance PA travels from 1 pivot to another.
When you look at the chart you know when to exit.
MY AN exit was 730 which was previous R and true enough did not break higher yet.
To conclude watch the chart and behavior.
If you want to educate yourself you can watch lots of videos on support and resistance online but frankly in general most are useless.
Trading requires more.Think about this if trend lines S/R, MA cross overs, Overbought oversold oscillators was so obvious then how it happens that 95% traders lose in Forex.
Answer is simple.They don't work.If majority of traders using typical technical analyses and lose then you must think outside of box.
regards
ON ME I took the idea from a book called "Bird Watching in Lion Country"
Not many understand this book properly.I thought it was a gem.
<>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,902
  • Sep 2, 2021 2:46am Sep 2, 2021 2:46am
Quoting tommydoginti
{quote} {image} Price retrace from previous highs (resistance) 1. TDI green red line (#647 PA analysis) 2. Previous High/Low 3. Rejection at previous High/Low 4. Trend, long and short term {image}
Attached Image (click to enlarge)
Click to Enlarge Name: C8B4056A-EB45-4A8C-8B45-F7DCC9ECFE37.png Size: 547 KB


Price moving out of range after Europe markets open.

1. TDI green red line
(#647 PA analysis)
2. Previous High/Low
3. Rejection at previous High/Low
4. Trend, long and short term

Attached Image (click to enlarge)
Click to Enlarge Name: 9870C11F-F24D-4C34-9908-218884C65CBB.jpeg Size: 562 KB


Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit with your analysis. Trust your analysis as a TMS trader

#1718
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...

Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !
  • #123,903
  • Sep 2, 2021 2:52am Sep 2, 2021 2:52am
Quoting DrDave
{quote} And the daily verbal diarrhea rants continue with every one of Vincent's posts. He has nothing to share from his puported 30 years of trading, 10 of them with Big E' 5-Method.
Just leave him alone.

It is normal for a failed trader filled with hatred and jealousy to devalue others and BigE’s Trading Made Simple method.

As of Price action, if one cannot event explain distill the trade idea into simple words according to #647, either one has no skill in PA or not trading TMS.

They fiddle around desperately adding different indicators or rely on EAs (false) hoping they will improve their trading performance (and lying to themselves the setup is better, blah blah blah)

wish them trade well, is all I can say.
  • #123,904
  • Sep 2, 2021 2:58am Sep 2, 2021 2:58am
Quoting tommydoginti
{quote} {image} Price moving out of range after Europe markets open. 1. TDI green red line (#647 PA analysis) 2. Previous High/Low 3. Rejection at previous High/Low 4. Trend, long and short term {image} Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit with your analysis. Trust your analysis as a TMS trader #1718 All this extra crap does nothing but confuse other traders and their success rate drops and they can't...

"Price moving out of range after Europe markets open."

When Frankfurt Open, the market is sideways ranging and the H4 PA is above its 5EMA.

Frankfurt Open is still within Big E ' 4hr 10PM PDT 4hr candle and the trade window is open for trading in LTF.

Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep02 H4 FO 2-9-2021 3-52-12 pm.png Size: 76 KB

All the unnecessary crap analysis is useless is just a waste of time.

>>> Keep It Simple: For all new traders to thi Trading made Simple thread.
Use Big E chart template with the APB/HA candles, 5EMA typical price, shift+2, Stoch and TDI .

Read Post#1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,905
  • Sep 2, 2021 2:59am Sep 2, 2021 2:59am
Quoting tommydoginti
{quote} Just leave him alone. It is normal for a failed trader filled with hatred and jealousy to devalue others and BigE’s Trading Made Simple method. As of Price action, if one cannot event explain distill the trade idea into simple words according to #647, either one has no skill in PA or not trading TMS. They fiddle around desperately adding different indicators or rely on EAs (false) hoping they will improve their trading performance (and lying to themselves the setup is better, blah blah blah) wish them trade well, is all I can say.

"As of Price action, if one cannot event explain distill the trade idea into simple words according to #647, either one has no skill in PA or not trading TMS."

Post#647 is babypips stuff.

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
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,906
  • Sep 2, 2021 3:08am Sep 2, 2021 3:08am
Quoting emmanuel7788
{quote} "As of Price action, if one cannot event explain distill the trade idea into simple words according to #647, either one has no skill in PA or not trading TMS." Post#647 is babypips stuff. 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...
GBPUSD Sep02 M15

- in addition to the 5-Method 5EMA

- look at the price action using 50EMA and 200EMA

- look at the Weekly 10EMA and H4 200EMA and the BRN 1.3800 ...*CONFLUENCE*

- look the left for the PPA Previous Price Action ... *resistance zone.

>>> it won't be easy with all these crap above current price action. We need bulls to help use buyers.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Sep02 M15 EMAs 2-9-2021 4-05-04 pm.png Size: 62 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,907
  • Sep 2, 2021 3:09am Sep 2, 2021 3:09am
Quoting tommydoginti
{quote} Just leave him alone. It is normal for a failed trader filled with hatred and jealousy to devalue others and BigE’s Trading Made Simple method. As of Price action, if one cannot event explain distill the trade idea into simple words according to #647, either one has no skill in PA or not trading TMS. They fiddle around desperately adding different indicators or rely on EAs (false) hoping they will improve their trading performance (and lying to themselves the setup is better, blah blah blah) wish them trade well, is all I can say.
It is normal for a failed trader filled with hatred and jealousy to devalue others and BigE’s Trading Made Simple method.
And it is amplified when the failed trader is a narcissist.
To free Gazans of Hamas, use whatever it takes.
  • #123,908
  • Sep 2, 2021 3:15am Sep 2, 2021 3:15am
Quoting emmanuel7788
{quote} GBPUSD Sep02 M15 - in addition to the 5-Method 5EMA - look at the price action using 50EMA and 200EMA - look at the Weekly 10EMA and H4 200EMA and the BRN 1.3800 ...*CONFLUENCE* - look the left for the PPA Previous Price Action ... *resistance zone. >>> it won't be easy with all these crap above current price action. We need bulls to help use buyers. {image}

GBPUSD Sep 02 H1

- LO1 is a PA BUEOB with slope of 7.0 tweek from previous 0.6 flat

- we no longer need the 12-2 clock ... its outdated.

- just use simple basic PA BUEOB and support & resistance


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Sep02 H1 BUEOB slope 7.00 2-9-2021 4-12-12 pm.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,909
  • Sep 2, 2021 3:23am Sep 2, 2021 3:23am
Quoting tommydoginti
{quote} Just leave him alone. It is normal for a failed trader filled with hatred and jealousy to devalue others and BigE’s Trading Made Simple method. As of Price action, if one cannot event explain distill the trade idea into simple words according to #647, either one has no skill in PA or not trading TMS. They fiddle around desperately adding different indicators or rely on EAs (false) hoping they will improve their trading performance (and lying to themselves the setup is better, blah blah blah) wish them trade well, is all I can say.
"It is normal for a failed trader filled with hatred and jealousy to devalue others and BigE’s Trading Made Simple method."

Sounds like you have a very troubled childhood and upbringing, and suffering from inferiority complex issues with low self esteem.
You need to write bad about others whom you do not know and to boost your big ego to get attention here when nobody really know who you are except that your dad is retired 62 years old and he trades the HSI for his retirement expenses.
You are a new trader who started trading Feb in this thread and you claim to be successful when you are paper trading on hindsight charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,910
  • Sep 2, 2021 3:46am Sep 2, 2021 3:46am
Quoting DrDave
{quote} It is normal for a failed trader filled with hatred and jealousy to devalue others and BigE’s Trading Made Simple method. And it is amplified when the failed trader is a narcissist.

As we all expected it is month end and @Davey-boy lost money trading the month of August and he come here to let out steam.

Its okay to lose money trading retail spot forex... but when you have mental illness, you already lost your mind and that is a lot worst.

"90% of traders lose money! True or False?"
https://www.forexfactory.com/showthread.php?t=39527

You go to the forum Rookie Talk and you will read many members talk about why traders lose money.

This thread is just one or many -

Why 99% of traders lose money { here }

and Hanover { here }

Trading like a Casino
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,911
  • Sep 2, 2021 3:50am Sep 2, 2021 3:50am
Quoting emmanuel7788
{quote} As we all expected it is month end and @Davey-boy lost money trading the month of August and he come here to let out steam. Its okay to lose money trading retail spot forex... but when you have mental illness, you already lost your mind and that is a lot worst. "90% of traders lose money! True or False?" https://www.forexfactory.com/showthread.php?t=39527 You go to the forum Rookie Talk and you will read many members talk about why traders lose money. This thread is just one or many - Why 99% of traders lose money { here...
Hi EMM can you share your RN indicator.
I have one that clatter the chart, I like your one it is in the side .
MA provides the market's current direction and strength.
  • #123,912
  • Sep 2, 2021 4:32am Sep 2, 2021 4:32am
Quoting hasib
{quote} Hi EMM can you share your RN indicator. I have one that clatter the chart, I like your one it is in the side .

BN Levels

Post#22,389

also read Post#49,341 example

BTW, S&P500 today open at 4524 , can hit 4550 new high...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,913
  • Sep 2, 2021 5:30am Sep 2, 2021 5:30am
Quoting tommydoginti
{quote} {image} Price moving out of range after Europe markets open. 1. TDI green red line (#647 PA analysis) 2. Previous High/Low 3. Rejection at previous High/Low 4. Trend, long and short term {image} Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit with your analysis. Trust your analysis as a TMS trader #1718 All this extra crap does nothing but confuse other traders and their success rate drops and they can't...
Attached Image (click to enlarge)
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GU reach resistance

Can you spot this beautiful Buy setup with simple PA and TDI parameters as instructed by BigE?

1. TDI green red line
(#647 PA analysis)
2. Previous High/Low
3. Rejection at previous High/Low
4. Trend, long and short term

1. Cross Buy signal
2. range low
3. rejection from range low
4. Long term up with News sentiment support. Price broke range top and reaches previous highs (resistance)

Attached Image (click to enlarge)
Click to Enlarge Name: 0D5EA778-F767-455A-ADA4-7DA8F80134DF.jpeg Size: 625 KB


Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit with your analysis. Trust your analysis as a TMS trader

#1718
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...

Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !
  • #123,914
  • Sep 2, 2021 6:41am Sep 2, 2021 6:41am
Quoting tommydoginti
{quote} {image} GU reach resistance Can you spot this beautiful Buy setup with simple PA and TDI parameters as instructed by BigE? 1. TDI green red line (#647 PA analysis) 2. Previous High/Low 3. Rejection at previous High/Low 4. Trend, long and short term 1. Cross Buy signal 2. range low 3. rejection from range low 4. Long term up with News sentiment support. Price broke range top and reaches previous highs (resistance) {image} Adding crap EAs does not help improve your trading....
"Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit with your analysis. Trust your analysis as a TMS trader"

LOL.

You still have plenty to learn from the finest of TMS traders here in this thread.

here:
Quoting Phx62
EU trade taken following the 1st US news announcements this morning. Entry made on the M15 chart. Monitored on the H1 chart. All three TP's hit.{image}
>>> Using THV CaveManager EA to manage trades when trading big news event.... what was that news May 06, 2015?

- look at the trade setup, the TIMING and the entry and the exits ...

- that is Big E' 5-Method A+++ setup with 10-things.

- that is TMS-II Multi-Lot trading


Attached Image (click to enlarge)
Click to Enlarge Name: Phx62 #56567 EU H1 THV CM.png Size: 115 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,915
  • Sep 2, 2021 7:04am Sep 2, 2021 7:04am
Quoting emmanuel7788
{quote} BN Levels Post#22,389 also read Post#49,341 example BTW, S&P500 today open at 4524 , can hit 4550 new high...
If H4 close at positive note GJ we will get, BigE TDI cross and Stoch confirmations, It is not in The UK open but It is in the US Open. Do you want to trade this GJ setup. with BigE method. Not other method
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 46 KB
MA provides the market's current direction and strength.
  • #123,916
  • Sep 2, 2021 7:49am Sep 2, 2021 7:49am
GU Sep 02 NYO

- PA reversal BRN 1.3800 confluence with H4 200EMA and PPA

- caution 10EMA above 50EMA above 200EMA

Attached Image (click to enlarge)
Click to Enlarge Name: GU Sep02 PA rejection BRN 2-9-2021 8-47-38 pm.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,917
  • Sep 2, 2021 7:55am Sep 2, 2021 7:55am
Trading Discipline

Attached Image (click to enlarge)
Click to Enlarge Name: Doug Zalessky #1.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,918
  • Sep 2, 2021 7:55am Sep 2, 2021 7:55am
Quoting emmanuel7788
Trading Discipline {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Doug Zalessky #2.png Size: 163 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,919
  • Sep 2, 2021 7:55am Sep 2, 2021 7:55am
Quoting emmanuel7788
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Doug Zalessky #3.png Size: 122 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,920
  • Sep 2, 2021 7:56am Sep 2, 2021 7:56am
Quoting emmanuel7788
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Doug Zalessky #4.png Size: 122 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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