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Trading Made Simple

  • #127,621
  • Oct 28, 2021 5:58pm Oct 28, 2021 5:58pm
Quoting Tekkies
{quote} aumelvik look at the response you received. News announcement made on a news channel that is like a weather forecast. > It is going to be raining today with patches of sunlight at midnight. > its going to very volatile today when NY Open and GDP at 0830am EST and one hour later NYSE... its Sydney midnight. ---- lets see what type of 5-Method setups I'll find and can trade at this very late hour. I am done by 1am here. I trade mostly 5-Method setups on 1-minute and 5-minutes charts.... without Stoch and TDI. (Post#2617)...
You can be like Big E and one day you can trade any method without the TDI.

Big E posts on : you can trade without the TDI


Jan 20, 2011
#3044
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.

Jan 26, 2011
#3103
I almost always have the tdi & stoch on all my charts regardless of the method being used.

However, it's not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and it's a good confirmation to the current PA and possible trade.


Feb 12, 2011
#3418
You can trade the 5 method without the TDI if it's a problem...

PA is HA Candles, PA crosses the yellow line and closes... enter on the next candle if it's the same color. When candles flatten out... exit. Stay in the trade as long as it doesn't cross back over the yellow line and close.

The TDI just gives me a lot more information for making my entries & exits decisions.


May 16, 2011
#2617
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...

#296 (Nov 4, 2008)
I profit every day by using Stochastics. I hope you will too. It's just part of the puzzle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,622
  • Oct 28, 2021 6:10pm Oct 28, 2021 6:10pm
Quoting TampaDave
Hey everyone, I’ve been trading for a couple of years, with mixed results. As you all probably know, working full time+ makes it difficult gain any real traction. Basically getting home in time to watch the Sydney and Tokyo sessions…my work does not afford the luxury of splitting my focus. Recently I’ve been focusing on figuring/finding a system that would accommodate very few trades (1 or 2 per day), with good pip counts. I want something that’s easy on the eyes and shows clear signals without spending too much precious time on analyzing charts....

@TampaDave

we know that Big E was always testing, tweeking, etc. to find improvements. ( Post #202)

if he did not die in Oct 2012, I am sure he would have tried and tested more other things in trading the markets and we would have more of his improvements since 2011. He did mention in one skype group that he was testing an advance version in June 2011 but unfortunately he fell very ill.

But, I think the evolution of his5-Method is really to reach the level of trading without the TDI as the next step , then next step is remove the Stoch too. I did that in 2018 and the result was good.

You can see my 2018 results { here }

TDI was the last indicator Big E added TDI as a helping indicator. So last-in first out...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,623
  • Edited 6:37pm Oct 28, 2021 6:26pm | Edited 6:37pm
EurUSd Oct 28

- Oct 26 and 27 were narrow range trading and

- US GDP sent this up ...

Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd Oct29 H1 ADR AWR 29-10-2021 7-36-34 am.png Size: 56 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,624
  • Oct 28, 2021 6:39pm Oct 28, 2021 6:39pm
Quoting emmanuel7788
EurUSd Oct 28 - Oct 26 and 27 were narrow range trading and - US GDP sent this up ... {image} ...

EurJpy Oct 29

- has some room up to ADR High

- lock your entries with profits, don't be greedy

Attached Image (click to enlarge)
Click to Enlarge Name: EurJpy Oct29 H1 ADR AWR 29-10-2021 7-35-51 am.png Size: 57 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,625
  • Oct 28, 2021 6:45pm Oct 28, 2021 6:45pm
Quoting emmanuel7788
{quote} EurJpy Oct 29 - has some room up to ADR High - lock your entries with profits, don't be greedy {image} ...

GbpUsd Oct 29

- GU look rather choppy up and down but my best performing pair this week to close the month with consistent profits.

- know the Market Type and use the system created for the Market Type is key to trading success.

- if I need to set my TP for today, it will the ADR high or anything near 60% of that at the moment ... its Friday, close shop when London closing today.

Attached Image (click to enlarge)
Click to Enlarge Name: GbpUsd Oct 29 ADR AWR 29-10-2021 7-40-42 am.png Size: 56 KB



Weekly will help you determine the Market Type and for you to make your trade plan.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4 pipware Oct 2929-10-2021 7-44-04 am.png Size: 63 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,626
  • Oct 28, 2021 6:48pm Oct 28, 2021 6:48pm
Quoting Tekkies
{quote} aumelvik look at the response you received. News announcement made on a news channel that is like a weather forecast. > It is going to be raining today with patches of sunlight at midnight. > its going to very volatile today when NY Open and GDP at 0830am EST and one hour later NYSE... its Sydney midnight. ---- lets see what type of 5-Method setups I'll find and can trade at this very late hour. I am done by 1am here. I trade mostly 5-Method setups on 1-minute and 5-minutes charts.... without Stoch and TDI. (Post#2617)...
Thank you Tekkies and Emmanuel. I will share as i learn and progress further.
  • #127,627
  • Oct 28, 2021 6:56pm Oct 28, 2021 6:56pm
Quoting emmanuel7788
{quote} GbpUsd Oct 29 - GU look rather choppy up and down but my best performing pair this week to close the month with consistent profits. - know the Market Type and use the system created for the Market Type is key to trading success. - if I need to set my TP for today, it will the ADR high or anything near 60% of that at the moment ... its Friday, close shop when London closing today. {image} Weekly will help you determine the Market Type and for you to make your trade plan. {image} ...

UsdCad Oct 29 review

- I like the ADR Pro levels when day trading and swing trading

- it help to set the exits > SL and TP1, TP2 and TP3 exits, .. simple, measurable, achievable and realistic with the time of the day and week.

- Big E had the ADR calculator from CompassFX { here }

-
Attached Image (click to enlarge)
Click to Enlarge Name: UsdCad Oct29 H1 ADR AWR 29-10-2021 7-50-21 am.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,628
  • Edited 7:24pm Oct 28, 2021 7:11pm | Edited 7:24pm
Quoting aumelvik
{quote} Thank you Tekkies and Emmanuel. I will share as i learn and progress further.
@aumelvik

remember what I said about trading Indices and do not use the TDI found in this thread. Big E trading is based on Price Action and MOMENTUM.

you will see the reason why I don't use the TDI when you trade the 1-minute charts...

@Tekkies only mention "take the information provide in Post 127,505" and that is one of my trade setups when trade M5 TF and you need to see the HTF price action. But he did not see the price action swing highs and swing lows happening in the HTF M15, M30 and H1 all at the same time on that same M5 chart.

that is only one setup I trade. There are several other setups which you will learn.

looking at static charts is easy but when during live market trading it is not so easy without the thousand hours practice following one candle at a time and still seeing the HTF forming.

and when you have reach consistency trading Indices, then you can move on to trading the E-Mini Futures using volume based charts.

Attached Image (click to enlarge)
Click to Enlarge Name: US30 Oct27 LO3 m15m30m60 27-10-2021 5-04-37 pm.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,629
  • Oct 28, 2021 7:33pm Oct 28, 2021 7:33pm
Thank you emmanuel!
I have used different combinations of stoch, macd,ADX,rsi,cci mixed with various MA’s over the course of my trading. So having an understanding of the art behind the science should help to fill in the gaps.

Thank you again guys. I feel blessed to have found this and have now been given some awesome direction to travel!
  • #127,630
  • Oct 28, 2021 7:54pm Oct 28, 2021 7:54pm
Quoting TampaDave
Thank you emmanuel! I have used different combinations of stoch, macd,ADX,rsi,cci mixed with various MA’s over the course of my trading. So having an understanding of the art behind the science should help to fill in the gaps. Thank you again guys. I feel blessed to have found this and have now been given some awesome direction to travel!



You're welcome.

I have been through that same journey with COWABUNGA - stoch, rsi, macd, + 5,10,20 EMAs.
and when I stumbled upon Big E' path I dropped the macd but kept the stoch and rsi (8x8),
result is more trades with one less 'filter'.

we traders, we all need DISCIPLINE ... and follow the flowchart.

Attached Image (click to enlarge)
Click to Enlarge Name: COWABUNGA flowchart.png Size: 496 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,631
  • Oct 28, 2021 8:14pm Oct 28, 2021 8:14pm
XAUUSD Oct 29 H4 Tokyo 10am

- it is Friday, do you want to trade against the Weekly and Daily?

- note the H4 5EMA is 'flat' but that will change when the price does the right thing ... like breaking the recent high and low.

- what about 3 to 8 candles per swing?

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Oct29 H4 pipware 29-10-2021 9-11-00 am.png Size: 61 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,632
  • Oct 29, 2021 12:58am Oct 29, 2021 12:58am
Quoting TampaDave
Hey everyone, I’ve been trading for a couple of years, with mixed results. As you all probably know, working full time+ makes it difficult gain any real traction. Basically getting home in time to watch the Sydney and Tokyo sessions…my work does not afford the luxury of splitting my focus. Recently I’ve been focusing on figuring/finding a system that would accommodate very few trades (1 or 2 per day), with good pip counts. I want something that’s easy on the eyes and shows clear signals without spending too much precious time on analyzing charts....
Don't be fooled by this OUTDATED information that some people insist on repeating:
Always check the #1- Price Action first, then #2- TDI Post#3142
That is from the Craig Harris Stochastics Method, the precursor to the Trading Made Simple thread. BigE made it clear in his posts in TMS that the first thing to do is check for the TDI green cross red. If there is not one, simply move on: No reason to do any further analysis. If there is a green cross red, only then spend time evaluating your entry criteria such as slope of the TDI green, checking PA, etc.
To free Gazans of Hamas, use whatever it takes.
  • #127,633
  • Oct 29, 2021 1:20am Oct 29, 2021 1:20am
Quoting emmanuel7788
{quote} @TampaDave we know that Big E was always testing, tweeking, etc. to find improvements. ( Post #202) if he did not die in Oct 2012, I am sure he would have tried and tested more other things in trading the markets and we would have more of his improvements since 2011. He did mention in one skype group that he was testing an advance version in June 2011 but unfortunately he fell very ill. But,...
I did that in 2018 and the result was good. You can see my 2018 results { here }

Ah, so, since 2018, you have not been able to maintain positive results, so must continue to cite that one single OUTLIER in your trading history. We can be SURE if you had "impressive" results since then, you would be inundating the thread with links to those results. Especially with your narcissitic need for self-promotion along with being a braggadocio.

It's a bit surprising that you haven't taken the time to fire up Photoshop and create at least one more year of "fabulous" fictitious results to spread around.
To free Gazans of Hamas, use whatever it takes.
  • #127,634
  • Edited 1:46am Oct 29, 2021 1:31am | Edited 1:46am
Quoting TampaDave
Hey everyone, I’ve been trading for a couple of years, with mixed results. As you all probably know, working full time+ makes it difficult gain any real traction. Basically getting home in time to watch the Sydney and Tokyo sessions…my work does not afford the luxury of splitting my focus. Recently I’ve been focusing on figuring/finding a system that would accommodate very few trades (1 or 2 per day), with good pip counts. I want something that’s easy on the eyes and shows clear signals without spending too much precious time on analyzing charts....
You will also need to read carefully what others post and compare it with what BigE said so that you can be sure that you are learning what BigE presented and changes that he made and not some distortion of it that others present and promote.

For example, here is a bit of disinformation that some folks like to post:
TDI was the last indicator Big E added TDI as a helping indicator.

BigE wrote that in the Craig Harris Stochastics Method thread. Later in his trading journey, he promoted the TDI from being a helper to the HEART of the 5-method.

So you most likely will have a better understanding of the 5-method if you first read and understand his posts in this TMS thread, and then read his earlier posts such as in the Craig Harris Stochastics Method thread.
To free Gazans of Hamas, use whatever it takes.
  • #127,635
  • Oct 29, 2021 1:34am Oct 29, 2021 1:34am
Quoting DrDave
{quote}time to fire up Photoshop
???????
Attached Image
  • #127,636
  • Edited 1:51am Oct 29, 2021 1:39am | Edited 1:51am
Quoting emmanuel7788
{quote} @aumelvik remember what I said about trading Indices and do not use the TDI found in this thread. Big E trading is based on Price Action and MOMENTUM. you will see the reason why I don't use the TDI when you trade the 1-minute charts... @Tekkies only mention "take the information provide in Post 127,505" and that is one of my trade setups when trade M5 TF and you need to see the HTF price action. But he did not see the price action swing highs and swing lows happening...
remember what I said about trading Indices and do not use the TDI found in this thread.
LOL

Sure, YOU cannot use the TDI to successfully trade indices (no surprise there), but that does not mean that others aren't able to.

Why don't you do the right thing and open your own thread where you can discuss all of your off-topic material and then folks that visit the TMS thread don't have to wade through your reams of clutter trying to get to the posts that present and discuss the 5-method?
To free Gazans of Hamas, use whatever it takes.
  • #127,637
  • Oct 29, 2021 1:40am Oct 29, 2021 1:40am
Quoting emmanuel7788
{quote} @aumelvik remember what I said about trading Indices and do not use the TDI found in this thread. Big E trading is based on Price Action and MOMENTUM. you will see the reason why I don't use the TDI when you trade the 1-minute charts... @Tekkies only mention "take the information provide in Post 127,505" and that is one of my trade setups when trade M5 TF and you need to see the HTF price action. But he did not see the price action swing highs and swing lows happening...
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #127,638
  • Oct 29, 2021 1:43am Oct 29, 2021 1:43am
Quoting emmanuel7788
{quote} You're welcome. I have been through that same journey with COWABUNGA - stoch, rsi, macd, + 5,10,20 EMAs. and when I stumbled upon Big E' path I dropped the macd but kept the stoch and rsi (8x8), result is more trades with one less 'filter'. we traders, we all need DISCIPLINE ... and follow the flowchart. {image}
So again you resort to pumping yourself up and present yet more off-topic material to add to the clutter and confusion--GREAT JOB of thread destruction!
To free Gazans of Hamas, use whatever it takes.
  • #127,639
  • Oct 29, 2021 1:50am Oct 29, 2021 1:50am
Quoting Tekkies
{quote} ??????? {image}
You know, use his mastery of Photoshop to create some winning results dated AFTER 2018 to post, similar to that 2018 post that he loves to post so that it will look like he has found a winning system and the 2018 results weren't just due to random chance.
To free Gazans of Hamas, use whatever it takes.
  • #127,640
  • Oct 29, 2021 2:50am Oct 29, 2021 2:50am
Quoting Tekkies
{quote} ??????? {image}

A picture is worth a thousand words...
https://www.forexfactory.com/thread/...9#post10246729


Attached Image (click to enlarge)
Click to Enlarge Name: ReverseFlash 81,686 on Tekkies 16-8-2020 6-46-14 pm.png Size: 434 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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