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Trading Made Simple

  • #128,661
  • Jan 10, 2022 5:18pm Jan 10, 2022 5:18pm
Quoting emmanuel7788
{quote} For TMS MEME 2022, I would be focus on these currency pairs in 6 groups. Pick only the best Daily and Weekly swing setups one from each group. Trading Currency Pairs – Seven(6) Groups 2022 Group#1 AUDUSD EURUSD GBPUSD USDCAD USDCHF NZDUSD Group#2 EURAUD EURNZD EURCAD EURCHF EURGBP*** Group#3 GBPAUD GBPNZD GBPCAD GBPCHF Group#4 USDJPY AUDJPY EURJPY GBPJPY NZDJPY CADJPY CHFJPY SGDJPY Group#5 AUDCAD AUDNZD NZDCAD Group#6 AUDSGD EURSGD GBPSGD USDSGD NZDSGD
USD pairs Daily charts Jan 11

- UsdChf looks a lot better pair than EurUsd

- pick the Daily price action action above or below its 5EMA Typical Price, Shift+2.

- follow the Daily candles

*1 important is the Price Action for the setups
*2 important is the Stoch(8,3,3) and TDI, or RSI for those who dropped the original TDI.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,662
  • Jan 10, 2022 5:23pm Jan 10, 2022 5:23pm
Quoting emmanuel7788
{quote} For TMS MEME 2022, I would be focus on these currency pairs in 6 groups. Pick only the best Daily and Weekly swing setups one from each group. Trading Currency Pairs – Seven(6) Groups 2022 Group#1 AUDUSD EURUSD GBPUSD USDCAD USDCHF NZDUSD Group#2 EURAUD EURNZD EURCAD EURCHF EURGBP*** Group#3 GBPAUD GBPNZD GBPCAD GBPCHF Group#4 USDJPY AUDJPY EURJPY GBPJPY NZDJPY CADJPY CHFJPY SGDJPY Group#5 AUDCAD AUDNZD NZDCAD Group#6 AUDSGD EURSGD GBPSGD USDSGD NZDSGD

JPY pairs Daily Jan 11

- more options with this group of 8 pairs:

- but check your Weekly and know if there is strat' Control Candle and know how to trade with strat' WCC { here }

> beware of sideways market type when swing trading. WCC high-low is the range and also support and resistance.

> * Price Action and Support & Resistance Post#647


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,663
  • Jan 11, 2022 4:37am Jan 11, 2022 4:37am
Quoting tommydoginti
{quote} I agree you can use additional confluences to aid your trade decision. You can cross check if your HTF EMA is showing the trend direction change before the TDI cross at the entry time frame as inquired by Ttxiii. IMO it is okay to miss the first swing. We profit not from being the first but being right. I am keeping the simplicity of BigE's Trading Made Simple nowadays. If you review my previous posts in this TMS thread, I am using only 3 PA elements and the TDI green red line. I have work and other activities during the day so I have been...
Hello, 2 questions if you may.
1. Do you define your HH/LLs with the naked eye? For simplicity, I've tried indicators, but it comes down to how sensitive you want it to be - one can see HH/LLs in a distance of 2-3 candles, if one's willing.
2. I trade in similar conditions - work, other necessary activities. I think I can be profitable, but end up stretched between assets and alerts (happening throughout my daily routines). I've been wondering how you (or other people) manage this, how many setups and on which TFs approximately you look at during the day. And most importantly, how many setups do you filter out? (I think I sometimes enter trades just because I've put in so much effort to analysis, not due to the quality of the setup, which is wrong, of course).
  • #128,664
  • Jan 11, 2022 6:50am Jan 11, 2022 6:50am
Quoting oohoo
{quote} Hello, 2 questions if you may. 1. Do you define your HH/LLs with the naked eye? For simplicity, I've tried indicators, but it comes down to how sensitive you want it to be - one can see HH/LLs in a distance of 2-3 candles, if one's willing. 2. I trade in similar conditions - work, other necessary activities. I think I can be profitable, but end up stretched between assets and alerts (happening throughout my daily routines). I've been wondering how you (or other people) manage this, how many setups and on which TFs approximately you look...
"I think I sometimes enter trades just because I've put in so much effort to analysis, not due to the quality of the setup, which is wrong, of course"

Hi Oohoo,

Lemme get to Q2 first.

In short, TMS can provide 3-5 setups per day on one pair when I trade mostly on m15 to H1 depending on which TF the set up is clearer. Haven said that, I am only trading 0-1 of them per day, being more picky for high probability and potential reward ones.

BigE's Trading Made Simple uses TDI green red lines for signals, so it is very easy to set up alerts and you will have a better idea how you can set one best for you as you progress in learning TMS.

The advantage I experience in this minimalism approach is I am out of the market and also not looking at the charts most of the day, reducing learning time as I am only focusing on the few core elements for analysis, alert system avoid you missing the opportunities but also you don't need to bother with charting for the rest of the time.
But the essential requirement of it is to be patient and discipline. You will have a few analysis sessions but may only trade one or none of them. If FOMO is one of your weaknesses, than the signal-based executions like TMS is something worth investigating.

IMO trade frequency and market exposure has no direct correlation with profitability. We can see scalpers, day, swing and position traders all have potential to make the same profit in a long run. I take trading as a hobby so have no rush to trade to gain money, so I experienced less FOMO. I don't want to care about Fx at all during leisure activities, so finding more interesting things to do may help your FOMO.

In mid-2021 I progressed my TMS and reduced trade frequency. It can be shown by halved lot size I traded per month. Gain was similar in those 4 months. In fact my profit factor and win rate increased since then.

Quality over Quantity, and Keep it Simple. Trade well.

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  • #128,665
  • Jan 11, 2022 7:41am Jan 11, 2022 7:41am
Quoting emmanuel7788
{quote} US30 Trades Closed Jan 10 - today US Markets is one direction ... easy! > trade Big E #557 and #7555 {image} ...

US30 Jan 10 closed trades

- last night one last trade before my bedtime and improve my daily average.

Attached Image (click to enlarge)
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today looks like another good day when Chicago 8:30am opens in about 40 min, watch the 9:30am EST,

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,666
  • Jan 11, 2022 7:49am Jan 11, 2022 7:49am
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I am not trying to sell anyone any BS stuff…but my trading has seen straight 2 weeks of consistent profit since trading with Genius AL Bot….

I will not paste anything here out of respect for the group and the founder but if you want to know more and how you can start using the Bot which is 100% hand free…Talk to me: let remove all the hazzle in trading and have complete peace of mind.
  • #128,667
  • Jan 11, 2022 8:40am Jan 11, 2022 8:40am
DOW
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  • #128,668
  • Jan 11, 2022 8:42am Jan 11, 2022 8:42am
US30 Jan11 NY 9:30am M30

- m2m3m5 setup

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,669
  • Jan 11, 2022 8:46am Jan 11, 2022 8:46am
Quoting emmanuel7788
US30 Jan11 NY 9:30am M30 - m2m3m5 setup {image} ...

FUTURE I HAVE NOT ACTED
that was too fast
cfd always lasts at an advantage
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  • #128,670
  • Jan 11, 2022 1:10pm Jan 11, 2022 1:10pm
Gentlemen,
This is the way I trade TMS
For all indicators , the THANKS goes to XARD , MRTOOLS ,JIMMY , MLADEN
and of course to BIG E .
First screen, for trading
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Second screen , help me to choose ,the pair I trade
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  • #128,671
  • Jan 11, 2022 5:09pm Jan 11, 2022 5:09pm
Quoting emmanuel7788
{quote} US Markets Jan 10 - strong pull back after Chicago 9:30am - if you are the short term day-trader, you can make a lot of money 'chasing the 1hr candle' setup > you can simply scalp the 1hr and make USD500 to USD1000 per session. {image} ...

US Markets Jan 11 Closed

- are the bulls back?

maybe .. maybe not ... still too early to say

I just trade one candle at a time and try catch the momentum setups.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,672
  • Jan 11, 2022 5:13pm Jan 11, 2022 5:13pm
Quoting dansmol
Gentlemen, This is the way I trade TMS For all indicators , the THANKS goes to XARD , MRTOOLS ,JIMMY , MLADEN and of course to BIG E . First screen, for trading{image} Second screen , help me to choose ,the pair I trade{image}

> pick the best setups you see with the 'best slope' of the RSI green price line

> trade ONLY certain price action setups that have the 'best slope' in both the Stoch(8,3,3) and TDI ' RSI green price line. The red line is not important !
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,673
  • Jan 12, 2022 2:39am Jan 12, 2022 2:39am
Quoting emmanuel7788
{quote} US Markets Jan 11 Closed - are the bulls back? maybe .. maybe not ... still too early to say I just trade one candle at a time and try catch the momentum setups. {image} ...

US30 Jan 12 London Open sell

- simple price action trade


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,674
  • Jan 12, 2022 2:45am Jan 12, 2022 2:45am
Quoting emmanuel7788
{quote} US30 Jan 10 closed trades - last night one last trade before my bedtime and improve my daily average. {image} today looks like another good day when Chicago 8:30am opens in about 40 min, watch the 9:30am EST, ...

US30 Jan 11 closed trades

- yesterday was the best day so far...

- Big E' posts #557 and #7555

Attached Image (click to enlarge)
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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,675
  • Jan 12, 2022 4:01am Jan 12, 2022 4:01am
Hey,

Im long on DAX40, Entry price : 16005, on 15 min TF.
I see some good consolidation this morning since the opening of the london session , The DAX touched the 200 EMA and i waited for the pullback.
See how it goes from now.. im targeting the ADR high of the day.
I will monitor it and keep moving my sl

Trade well.
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  • #128,676
  • Jan 12, 2022 4:33am Jan 12, 2022 4:33am
Quoting Zakarh
Hey, Im long on DAX40, Entry price : 16005, on 15 min TF. I see some good consolidation this morning since the opening of the london session , The DAX touched the 200 EMA and i waited for the pullback. See how it goes from now.. im targeting the ADR high of the day. I will monitor it and keep moving my sl Trade well. {image}
I closed it like right after posting this
  • #128,677
  • Jan 12, 2022 5:06am Jan 12, 2022 5:06am
Quoting tommydoginti
{quote} "I think I sometimes enter trades just because I've put in so much effort to analysis, not due to the quality of the setup, which is wrong, of course" Hi Oohoo, Lemme get to Q2 first. In short, TMS can provide 3-5 setups per day on one pair when I trade mostly on m15 to H1 depending on which TF the set up is clearer. Haven said that, I am only trading 0-1 of them per day, being more picky for high probability and potential reward ones. BigE's Trading Made Simple uses TDI green red lines for signals, so it is very easy to set up alerts and...
Thank you for a detailed answer!
  • #128,678
  • Jan 12, 2022 7:48am Jan 12, 2022 7:48am
Quoting emmanuel7788
{quote} US30 Jan 11 closed trades - yesterday was the best day so far... - Big E' posts #557 and #7555 {image} ...
Hello. Could you post some screenshots of the US30 trade. What TF do you trade on the indices?
Trading has been and always will be, a hard way to make an easy living.
  • #128,679
  • Jan 12, 2022 7:57am Jan 12, 2022 7:57am
Quoting oohoo
{quote} Hello, 2 questions if you may. 1. Do you define your HH/LLs with the naked eye? For simplicity, I've tried indicators, but it comes down to how sensitive you want it to be - one can see HH/LLs in a distance of 2-3 candles, if one's willing. 2. I trade in similar conditions - work, other necessary activities. I think I can be profitable, but end up stretched between assets and alerts (happening throughout my daily routines). I've been wondering how you (or other people) manage this, how many setups and on which TFs approximately you look...
1. Do you define your HH/LLs with the naked eye? For simplicity, I've tried indicators, but it comes down to how sensitive you want it to be - one can see HH/LLs in a distance of 2-3 candles, if one's willing.

Highs and Lows are printed on the charts. It is up to you because they can be seen objectively (on HA chart it is clearer as swings are smoothed out). I have explored both chart and indicator they can be useful. All you need is patience and come up with rules.

For example, you can determine the highs and lows based on HA candles, and use HH/HL or LH/LL sequences to determine direction to trade. Then you stick to the rules and become neutral at times when the sequence breaks
Alternatively, if you rely on TDI green cross red REVERSAL signals to determine swing turns, it is also possible. If you use TDI buy when <50 or TDI sell when >50 for signals, you stay in buy bias the whole uptrend.

You can practice using 2 elements: H/L for trend and TDI to buy/sell, as a start.
If your rules is tight and technically sound, even that can work. And we know where the price has moved to at this moment. (Of course safe guard your capital/profit if you trade in news time)

Trade Well and Keep it Simple

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  • #128,680
  • Jan 12, 2022 10:31am Jan 12, 2022 10:31am
Quoting emmanuel7788
{quote} " what is m2m3m15 setup? you are making us sniper traders ..." m2m3m15 is a M15 setup bar/candle use when trading E-Mini Futures. there is also the M1m2m3 and m2m3m5 setup bar/candle taught by a CME trainer in his futures trading course. I prefer the m2m3m15 because I have more time to do my "thorough investigation" before I pull the trigger. If you plan to trade E-Min Futures, then I suggest you learn by watching some recorded youtube video by Infinity Futures. They stream live everyday for their customers. example below: https://www.youtube.com/watch?v=tG3ZBeMu214...
It is interesting to know about this. The video does not exist !!!
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