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Trading Made Simple

  • #124,861
  • Sep 17, 2021 3:47pm Sep 17, 2021 3:47pm
Thursday EU sell, did you close trade Thursday or Friday, or you add another trade in Friday ?
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MA provides the market's current direction and strength.
  • #124,862
  • Sep 17, 2021 3:52pm Sep 17, 2021 3:52pm
Quoting lynnc
Decided to take people's advice and just post my charts and carry on learning the strategy and ignore everything else. Thought this might go through 4 hour support but has not yet, so taken it out and bank the pips as its Friday {image}

good trade!

I took the same trade with Daily candle price action, note the previous 2 days DBHLC Sep15 and Sep16, also the Daily Sep14 Pin Bar.

set up was a Phx62 PCRF 3bar swing high REVERSAL candle with Stoch %K cross %D signal at 'resistance' CONFLUENCE of previous days Open(Sep15) and Close (Sep16) and the BRN 1.3800

It was a 'set and forget' trade with TP hit.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,863
  • Sep 17, 2021 3:57pm Sep 17, 2021 3:57pm
Quoting hasib
Thursday EU sell, did you close trade Thursday or Friday, or you add another trade in Friday ? {image}

I trade follow Daily candle. simple entry

Just closed my H1 trade...

of course intraday retracement can scare the shit out of some traders

you need to have the mental strategies to fight in this market and accept some losses along the way.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,864
  • Sep 17, 2021 4:03pm Sep 17, 2021 4:03pm
Quoting emmanuel7788
{quote} NYSE bell ... Its time for m2m3m5 setups after red bar {image}

today' NYSE session was hot ....

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,865
  • Sep 17, 2021 4:08pm Sep 17, 2021 4:08pm
Quoting eelfranz
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...
Big E is the big deal. { here }

Follow successful traders like Big E and 'shooting for $500 -$1,000 per evening'

US30 Sep 17 trade closed.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,866
  • Sep 17, 2021 4:14pm Sep 17, 2021 4:14pm
Quoting neilpryde
{quote} Dear Emmanuel ! I tried to find in the history the meaning of " m2m3m5 setups”. But somehow i was not able. Could you please show me the link where you explained this setup ? Thanks all of your help and your effort to help us and not to get lost int world of forex and futers. Szabolcs
I did not explain m2m3m5 in this thread.

In this thread, I did post some trade entries using m5m15m60 and m15m60m240.

these are MOMENTUM candles close.

people here are mostly interested in green crosses red signals.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,867
  • Sep 17, 2021 4:21pm Sep 17, 2021 4:21pm
Quoting emmanuel7788
{quote} today' NYSE session was hot .... {image}

US30 Friday Sep17 is Bar0

on Monday Sep20 Sep17_Bar0 will become Bar1 and it just go one and on and on ....

Do I know what the next Bar0 is? I don't have a crystal ball.

But I know where the next new red lines to trade next week.

With red lines and Daily Open line, I can trade the m1.

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Give me a if you want to trade Monday Sep20 Bar0.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,868
  • Sep 17, 2021 4:33pm Sep 17, 2021 4:33pm
If my limit order gets hit If > indicate you are gambling (lack of a better word).

No. "If" means I have a healthy respect for changing market conditions. Anything can change at any time, and have a fancy RSI on a chart does not mitigate that fact.

limit > indicate you have no trust in your method.

What? Limit is a type of order Tekkies.

Only if your limit order get hit you will know bears are in control. How long does is that "if" valid Jmn? One bar, two bars before you cancel the limit order.

My orders stay on for one week.

What is the distance between price and limit order when order is placed?

It depends on when I see it, and the timeframe.

What happen when a wick tap limit order and price pull back

Well, I wait for a reversal signal, or my stop.

Good if you get that scalp. Very bad if limit order gets tap by a wick (spike) -----

Not really, in the example you chose there was more than enough opportunity to move a stop to BE+1.

With TDI green cross red and the advice BigE posted how to use TDI the trader has a solid set of rules to follow.

Absolutely. At some point you will learn PA and then simply shed the TDI.

Quoting emmanuel7788
{quote} I am sure Big E would try your newer versions the TDI. We all knew him and he was always testing new stuff, tweeking other systems & methods, ... and finding improvements. Members in his skype group knew he mentioned an advanced method he was testing in Jun 2011 but he did not live long to share that with us. #202 Big E: For anyone who knows me... you know I'm always testing, tweeking, etc. to find improvements. An advanced method would be without the TDI when I followed...
Yes, it was clear to see that BigE was headed towards being a naked trader.
If you are good at something, never do it for free--Joker
  • #124,869
  • Sep 17, 2021 4:56pm Sep 17, 2021 4:56pm
I was reading through some of Big E’s posts, and #701 popped out at me, and wanted to share. He shows how he looked at candle sizes, as well as WICKS of the candles to determine entry and exit decisions. Figured some may appreciate it.

https://www.forexfactory.com/thread/...53#post4582253
  • #124,870
  • Sep 17, 2021 5:18pm Sep 17, 2021 5:18pm
Quoting emmanuel7788
{quote} I did not explain m2m3m5 in this thread. In this thread, I did post some trade entries using m5m15m60 and m15m60m240.
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  • #124,871
  • Sep 17, 2021 5:19pm Sep 17, 2021 5:19pm
Quoting emmanuel7788
{quote} Give me a if you want to trade Monday Sep20 Bar0.
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  • #124,872
  • Sep 17, 2021 5:25pm Sep 17, 2021 5:25pm
Emmanuel, here is the answer to your quiz-chart of the GBPUSD that you wanted us to learn about. Post #731 from Big E…

https://www.forexfactory.com/thread/...39#post4582839
  • #124,873
  • Sep 17, 2021 7:55pm Sep 17, 2021 7:55pm
Quoting 808
Emmanuel, here is the answer to your quiz-chart of the GBPUSD that you wanted us to learn about. Post #731 from Big E… https://www.forexfactory.com/thread/...39#post4582839

Hi Bob

You are working hard at learning. That Post#731 is a good training chart with many PA to look at and burn into our heads.

However, that Post#731 did not use one of the many features of the TDI one of which is 'predictive' feature of the RSI momentum indicator. I know that Big E knew that because Dean Malone taught us in his trading room and also recorded one of his tutorial videos.

The answer is actually quite simple and I had posted many times in the past about this and to avoid taking such trades.

GBPUSD quiz below:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,874
  • Sep 17, 2021 7:57pm Sep 17, 2021 7:57pm
Quoting 808
{quote} FF admin won’t close the thread, because it generates so much viewership and posting, with the alluring “Trading Made Simple” title. I am sure they are aware of the amusing drama, but have realized that sometimes apples have their worms.

Big E would have close this thread himself and not wait for FF Admin.
Of several thread titles suggested by members back then, he chose this "Trading Made Simple" for good reason. New members coming here did not know all the history and the complete story of Big E' trading journey of 10+2+5 ... total 15 years.

I know why.

His old thread Post#162..

Well folks... I haven't held anything back. I think it's been laid out for you pretty well. I've answered all the questions the best I could.

Because of our location there isn't much new traffic which is a shame in my opinion.

I'LL BE CLOSING DOWN THE THREAD.

I want to thank all who participated. Thanks again.

Big E

Quoting eelfranz
Well folks... I haven't held anything back. I think it's been laid out for you pretty well. I've answered all the questions the best I could. Because of our location there isn't much new traffic which is a shame in my opinion. I'LL BE CLOSING DOWN THE THREAD. I want to thank all who participated. Thanks again. Big E
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,875
  • Sep 17, 2021 8:11pm Sep 17, 2021 8:11pm
Quoting 808
I was reading through some of Big E’s posts, and #701 popped out at me, and wanted to share. He shows how he looked at candle sizes, as well as WICKS of the candles to determine entry and exit decisions. Figured some may appreciate it. https://www.forexfactory.com/thread/...53#post4582253
Post #701 is another very important Training chart.

> Note the Stoch(8,3,3) with Slope v1.1
that is from the Craig Harris Stochastic Method and at that time it was coded just for that. It has some features in the slope shown and how Craig uses that to teach traders his swing highs and swing low and his True REVERSAL candle.

You can read all about that in the old thread.

https://www.forexfactory.com/thread/...9#post12832519


#701 chart with details,

>>> note the Stoch %K line slope colour and the PA above on the price chart.
>>> note the Stoch (8,3,3) %K and %D lines and when the %K cross the %D signal.

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When you use Big E' 'blending' approach, you will pick some better trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,876
  • Sep 17, 2021 8:28pm Sep 17, 2021 8:28pm
Quoting jmn5611
.. {quote} Yes, it was clear to see that BigE was headed towards being a naked trader.
"Yes, it was clear to see that BigE was headed towards being a naked trader."

Eric was trading the US stock market for almost 10 years before he retired and jumped onto the spot forex market. He was subscriber to Lance Beggs who taught trading Price Action using Japanese candlesticks. I know back then we use the MACD and RSI on some occasions to validate some market conditions just for study and comparison of trading opportunities and to know where the herd are.

Today Lance Beggs is still teaching trading with clean charts ... only candlesticks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,877
  • Sep 17, 2021 8:43pm Sep 17, 2021 8:43pm
Reason why traders fail.

They do not have the mental fitness to trade the markets.

To succeed you need to have the Mental Strategies of TOP TRADERS

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Example of a trader who failed, failed again, fails again and again. You will see what failed traders post in this thread. Trolls who have no knowledge nor the experience and knows to post crap.

https://www.forexfactory.com/thread/...4#post13710654
https://www.forexfactory.com/thread/...9#post13710909
https://www.forexfactory.com/thread/...7#post13711317
https://www.forexfactory.com/thread/...8#post13711318
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,878
  • Sep 17, 2021 8:49pm Sep 17, 2021 8:49pm
Quoting 808
Emmanuel, here is the answer to your quiz-chart of the GBPUSD that you wanted us to learn about. Post #731 from Big E… https://www.forexfactory.com/thread/...39#post4582839

here is an old post in his old thread

#168
Looking at the TDI Indicator ...

On the chart below I have turned the blue lines on the TDI to magenta so it's easier to see. Note how when the lines tighten up that the market tends to flatten out and as they open up... so does the PA. Also note that when the green line goes above on top or below the the bottom magenta (blue) lines that momentum picks up. Dean who made the TDI Indicator , recommends that when the green line crosses back into the channel to exit the trade. Remember too that if you use the yellow line that it represents trader sentiment.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,879
  • Sep 17, 2021 9:19pm Sep 17, 2021 9:19pm
Quoting altyncent
{quote} I'm sorry, can you please share this template?

my template is not for trading Big E' 5-Method.

you have the same on your MT4 default template , press keyboard Ctrl + L and you will see your blank chart like this below.

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it is only for those traders who have mastered Big E' 5-Method and can follow his Post#2617 and stripped both the Stoch and TDI from their trading charts.
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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,880
  • Sep 17, 2021 9:26pm Sep 17, 2021 9:26pm
Next week's trading practice for those who trade M15 charts,

"Double Entry" confirmation

Post#169

Note in the chart below the box. You can see we have a double entry confirmation. On Craigs system we would enter on the second candle of the reversal and with Synergys System you have a confirmation after the candle closes above the upper magenta channel to go long. Click chart.

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I consider this higher probability setups with Double Entry confirmation. When you know what to look for and have the patience and wait for the market to present it , you can decide on your own.

Do you notice the MACD on his chart?

Trade Well and Trade Safe
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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