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

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Trading Made Simple

  • #128,681
  • Jan 12, 2022 8:39am Jan 12, 2022 8:39am
Quoting emmanuel7788
{quote} Звонок на NYSE ... Пришло время для сетапов m2m3m5 после красной полосы {image}
Please read more about this.
  • #128,682
  • Jan 12, 2022 4:26pm Jan 12, 2022 4:26pm
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} ...

US Markets Jan 13 Thursday

- yesterday was bullish and

- today catching bulls means I have to try pick 'bottoms'

Attached Image (click to enlarge)
Click to Enlarge Name: US Markets Jan 13 Daily 13-1-2022 8-22-22 am.png Size: 50 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,683
  • Jan 13, 2022 1:38am Jan 13, 2022 1:38am
Quoting emmanuel7788
{quote} US Markets Jan 13 Thursday - yesterday was bullish and - today catching bulls means I have to try pick 'bottoms' {image} ...

US30 Jan 13 London 9:30am

- Price Action M5 swing low reversal

- 1minute chart >>> m2m3m5m setup


Attached Image (click to enlarge)
Click to Enlarge Name: US30 Jan13 LO1 m2m5 13-1-2022 5-35-20 pm.png Size: 27 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,684
  • Jan 13, 2022 3:12am Jan 13, 2022 3:12am
Quoting emmanuel7788
{quote} US Markets Jan 13 Thursday - yesterday was bullish and - today catching bulls means I have to try pick 'bottoms' {image} ...

US30 Jan13 H1 London 11am

- another possible setup buy entry

> H1 5 bars swing low

Attached Image (click to enlarge)
Click to Enlarge Name: US30 Jan 13 H1 setup buy 13-1-2022 7-07-40 pm.png Size: 29 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,685
  • Jan 13, 2022 3:39am Jan 13, 2022 3:39am
Quoting tommydoginti
{quote} 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...
Remember to follow BigE's Trading Made Simple. Some more example of the original BigE's method illustrated.

#647
HH and HL = Uptrend
TDI green cross red
Trade @ Candle #1 or #2

To put it as signal, either just signify TDI green cross red UP. Best is to code signals that limit only to Candle #1 or #2. Only need to check chart twice during this period.
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  • #128,686
  • Jan 13, 2022 3:49am Jan 13, 2022 3:49am
Quoting eelfranz
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...
Post#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...

Big E: you can trade without the TDI

#3044 Jan 20, 2011

#3103 Jan 26, 2011

#3418 Feb 12, 2011
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,687
  • Jan 13, 2022 3:57am Jan 13, 2022 3:57am
Quoting tommydoginti
{quote} Remember to follow BigE's Trading Made Simple. Some more example of the original BigE's method illustrated. #647 HH and HL = Uptrend TDI green cross red Trade @ Candle #1 or #2 To put it as signal, either just signify TDI green cross red UP. Best is to code signals that limit only to Candle #1 or #2. Only need to check chart twice during this period. {image}

Keep It Simple Big E' #2617 { link }

> Follow Price Action and taking trades would be a breeze

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jan13 M15 with daily 13-1-2022 7-54-15 pm.png Size: 40 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,688
  • Jan 13, 2022 4:01am Jan 13, 2022 4:01am
Quoting emmanuel7788
{quote} Keep It Simple Big E' #2617 { link } > Follow Price Action and taking trades would be a breeze {image} ...

for those trade the 4hr...

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jan13 M15 m15m60m240 13-1-2022 7-57-59 pm.png Size: 42 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,689
  • Jan 13, 2022 4:06am Jan 13, 2022 4:06am
Quoting emmanuel7788
{quote} for those trade the 4hr... {image} ...

Well, you can also Keep It Simple and trade the Weekly with TMS MEME

- still the same Price Action ... swing low and reversal candle setup

- it is simple, ... HA candle PA above 5EMA BUY only (Post#261)

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jan13 Weekly TMS MEME 13-1-2022 8-03-25 pm.png Size: 38 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,690
  • Jan 13, 2022 5:15am Jan 13, 2022 5:15am
Quoting emmanuel7788
{quote} Keep It Simple Big E' #2617 { link } > Follow Price Action and taking trades would be a breeze {image} ...
Sorry your way is too complicated and time consuming.

I would let TDI do the charting work for me and let me know when to check only at those critical crosses, the selected few, and then spend 15seconds to analysis and set the next alert.

Trading Made Simple uses TDI as core for a reason of simplicity for EXECUTION of the method.
  • #128,691
  • Jan 13, 2022 10:33am Jan 13, 2022 10:33am
Quoting tommydoginti
{quote} 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...
Thanks for advice!
To clarify, I'm not using TDI or TMS methods. But of utmost importance is that there's trend and it is sound. Then almost any reasonable entry signals would work.
HHs/LLs are a good way to see that. I'll experiment with TV indicators to save some time and the eyes.
Good idea to use HA to visualize swings. Do I get it right that on HA lows and highs would be the same as on regular candles (looks so visually)?
  • #128,692
  • Jan 13, 2022 4:49pm Jan 13, 2022 4:49pm
Quoting tommydoginti
{quote} Sorry your way is too complicated and time consuming. I would let TDI do the charting work for me and let me know when to check only at those critical crosses, the selected few, and then spend 15seconds to analysis and set the next alert. Trading Made Simple uses TDI as core for a reason of simplicity for EXECUTION of the method.
@tommydog...

I have seen in this thread for the past 10 years and you are exactly like all new traders coming to this thread and making false claims of success in short time.

Trading Made Simple is just the thread title and the trading method the OP discuss here is his 5-Method and it is just one of several trading methods he started and shared in his old thread.

New traders with little market knowledge and trading experience will find price action trading complicated and also time consuming.
IF you had read and study the OP' posts in Forex Factory and in his old thread, you will learn the about his 5-Method and how it started and evolved from other methods and how the OP traded the forex system Natural Flow of the Market by Craig Harris. There are lost of videos which the OP posted in his old thread but unfortunately those videos are not longer available in the public domain.
You like all late starters in this thread are at disadvantage without those Natural Flow of the Market tutorial videos. This is reason why you think simple price action is complicated.

The base OP Big E who started this thread wanted to help new traders to trade his aggressive style using his 5-Method and the same OP himself made these posts earlier that you do not need the TDI when trading his 5-Method. You still have time to gain more trading experience and be able to trade like him and make USD500 to USD1,000 per day.

Big E : you can trade without the TDI

#3044 Jan 20, 2011

#3103 Jan 26, 2011

#3418 Feb 12, 2011

#2617 May 16, 2011

#296 Nov 4, 2008

he also shared these
#681
using an RSI (13) with a 50% line

#504
use a RSI(3)


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,693
  • Jan 13, 2022 4:57pm Jan 13, 2022 4:57pm
Quoting emmanuel7788
{quote} US30 Jan 13 London 9:30am - Price Action M5 swing low reversal - 1minute chart >>> m2m3m5m setup {image} ...
Attached Image (click to enlarge)
Click to Enlarge Name: US30 Jan13 LO1 m2m5 13-1-2022 5-35-20 pm.png Size: 27 KB


Quoting emmanuel7788
{quote} US30 Jan13 H1 London 11am - another possible setup buy entry > H1 5 bars swing low {image} ...
Attached Image (click to enlarge)
Click to Enlarge Name: US30 Jan 13 H1 setup buy 13-1-2022 7-07-40 pm.png Size: 29 KB


US30 Jan 13 trades closed.

- both price action setups posted above were profitable

- no TDI signal necessary because those are basic price action which shows price MOMENTUM. Price momentum by the RSI will show. No need for adding MA2 to the RSI(13) data and lag further the price action.

Attached Image (click to enlarge)
Click to Enlarge Name: US30 Jan trades closed 13 14-1-2022 8-51-40 am.png Size: 326 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,694
  • Jan 13, 2022 5:12pm Jan 13, 2022 5:12pm
Quoting oohoo
{quote} Thanks for advice! To clarify, I'm not using TDI or TMS methods. But of utmost importance is that there's trend and it is sound. Then almost any reasonable entry signals would work. HHs/LLs are a good way to see that. I'll experiment with TV indicators to save some time and the eyes. Good idea to use HA to visualize swings. Do I get it right that on HA lows and highs would be the same as on regular candles (looks so visually)?
which market type do you trade?

when the market type is trending most 'systems' will work ...

it is easy to see higher highs higher lows and lower highs lower lows when the market is trending

Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 PA with 50 mand 200EMA 13-1-2022 8-11-32 pm.png Size: 62 KB


it is when the market type is narrow ranged sideways then those trending systems will fail.

Market Types: The First Key to Forex System Development
https://www.axi.com/au/blog/educatio...x-market-types

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,695
  • Jan 13, 2022 5:26pm Jan 13, 2022 5:26pm
For those who love to trade indicators signals,

here is one.

It is trade made simpler ...

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,696
  • Jan 13, 2022 5:59pm Jan 13, 2022 5:59pm
Quoting tommydoginti
{quote} 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...
AU example.
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  • #128,697
  • Jan 13, 2022 6:10pm Jan 13, 2022 6:10pm
Quoting oohoo
{quote} Thanks for advice! To clarify, I'm not using TDI or TMS methods. But of utmost importance is that there's trend and it is sound. Then almost any reasonable entry signals would work. HHs/LLs are a good way to see that. I'll experiment with TV indicators to save some time and the eyes. Good idea to use HA to visualize swings. Do I get it right that on HA lows and highs would be the same as on regular candles (looks so visually)?
I agree with you. The credit of the ideas goes to BigE. I just develop the trading around his ideas.

The highs and lows of HA candles and traditional candles are the same, while HA candle body smooths out price movement using calculation of 2 candles in order to better show trend as a reference.

I think the PA elements on #647 is helpful for traders of all strategies. For the recent examples, Highs and Lows forms patterns to illustrate price trends. Trades aligning with the trend has higher chance of going in profit zone for protection and profit taking. I only use the TDI green and red lines because it reflects price momentum.

What I do is develop rules based on the Price Actions as of #647 that determines Bias. That is without using any indicators including the TDI.
Then I set up alert system using the TDI green red lines that can signify me the Timing. Acting like a traffic light.
You already knew the direction to go, and start going when the light turns green.
  • #128,698
  • Jan 13, 2022 6:14pm Jan 13, 2022 6:14pm
Quoting emmanuel7788
{quote} @tommydog... I have seen in this thread for the past 10 years and you are exactly like all new traders coming to this thread and making false claims of success in short time. Trading Made Simple is just the thread title and the trading method the OP discuss here is his 5-Method and it is just one of several trading methods he started and shared in his old thread. New traders with little market knowledge and trading experience will find price action trading complicated and also time consuming. IF you had read and study the OP' posts in Forex...
You will see him how he trades. I challenged him in a trading duel with live account(1k) with TE(all open,no hiding, no rules) first to triple account wins. He acceoted and requested to raise it to account ×6. I will post his live TE here to expose him and see if his big ego matches how he trades. The challenge happen on eurusd thread, but i will post an update in this thread from time to time so his student will know the kind of trader they're dealing with.
Only an idiot knows with certainty to where the market is going.
  • #128,699
  • Jan 13, 2022 6:49pm Jan 13, 2022 6:49pm
Quoting emmanuel7788
{quote} {image} {quote} {image} US30 Jan 13 trades closed. - both price action setups posted above were profitable - no TDI signal necessary because those are basic price action which shows price MOMENTUM. Price momentum by the RSI will show. No need for adding MA2 to the RSI(13) data and lag further the price action. {image} ...
Hi emmanuel, I am sure you may have linked the file in this thread already, but I cannot find it. I like the custom japanese candle plotted in the background of your charts, could you link it or give a name so I could search for it. TIA green pips.
Take heed then how you hear; for to him who has will more be given
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  • #128,700
  • Edited 7:16pm Jan 13, 2022 7:03pm | Edited 7:16pm
Quoting MrBullBear
{quote} You will see him how he trades. I challenged him in a trading duel with live account(1k) with TE(all open,no hiding, no rules) first to triple account wins. He acceoted and requested to raise it to account ×6. I will post his live TE here to expose him and see if his big ego matches how he trades. The challenge happen on eurusd thread, but i will post an update in this thread from time to time so his student will know the kind of trader they're dealing with.
That is good. Thanks for saving my effort of dual posting in the future. My live TE is in my post signature anyway, but yea please do.

Some good posts from Hasib
https://www.forexfactory.com/thread/...7#post13770567
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