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Trading Made Simple

  • #128,921
  • Feb 16, 2022 8:16am Feb 16, 2022 8:16am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1-2.png Size: 62 KB


Body of 7am candle did NOT close below inside bar formation and did not get momentum confirmation. We will see what opening of the 9 am candle brings...
  • #128,922
  • Edited 9:00am Feb 16, 2022 8:40am | Edited 9:00am
Quoting KCJed
{image} Body of 7am candle did NOT close below inside bar formation and did not get momentum confirmation. We will see what opening of the 9 am candle brings...
Did you try looking at M15? I had +10 pips with the close of the 1st bar after entry about 1.5 hours ago.
Trading Made Simple with IMT.
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #128,923
  • Feb 16, 2022 9:08am Feb 16, 2022 9:08am
Quoting DrDave
Hey Tekkies, why do you think that Vincent keeps proudly posting his 2018 TMS EVO nonsense, but has absolutely no recent performance updates to post? Maybe because that is the ONLY time he has been able to show a positive result (which happened due to pure LUCK, not due to trading skills)? No doubt that he trashed yet another account with that system since then.
My guess is that his current TE is the same as mine. Going South with no end in sight.
  • #128,924
  • Feb 16, 2022 9:13am Feb 16, 2022 9:13am
Quoting Tekkies
{quote} My guess is that his current TE is the same as mine. Going South with no end in sight.
NO DOUBT!
If it were otherwise, he would be posting links to it every day and declaring what a great system the 5-method is, despite that fact that he doesn't even trade the 5-method.
To free Gazans of Hamas, use whatever it takes.
  • #128,925
  • Feb 16, 2022 9:28am Feb 16, 2022 9:28am
Quoting DrDave
{quote} Did you try looking at M15? I had +10 pips with the close of the 1st bar after entry about 1.5 hours ago. Trading Made Simple with IMT. {image}
I see there was a valid trade at 6:45 CST. I'm only trading the 1 hr chart on the EUR/USD today. I'm trading the 15 min on the USD/CAD.
  • #128,926
  • Feb 16, 2022 9:37am Feb 16, 2022 9:37am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1-3.png Size: 61 KB
Still waiting on 1 hr time frame.

Possible entry on 1 hr GPD/USD if 9 am CST candle confirms. FOMC minutes at 1 pm CST.
  • #128,927
  • Feb 16, 2022 10:56am Feb 16, 2022 10:56am
Quoting DrDave
{quote} NO DOUBT! If it were otherwise, he would be posting links to it every day and declaring what a great system the 5-method is, despite that fact that he doesn't even trade the 5-method.
Hey Dave!!!!
We got problems. GBPUSD is going UP.
NO DOUBT, Vincent is going to rub our nose in the pooh!!!
----
False alarm. GBPUSD is pulling back into consolidation with the other bars.
----
What do you think? Big Boys playing mind games?
I think they are accumulating buy orders from the herd until New York close Friday night. Monday they tap those stop loss before going up for real.
  • #128,928
  • Feb 16, 2022 11:11am Feb 16, 2022 11:11am
Quoting Tekkies
{quote} Hey Dave!!!! We got problems. GBPUSD is going UP. NO DOUBT, Vincent is going to rub our nose in the pooh!!! ---- False alarm. GBPUSD is pulling back into consolidation with the other bars. ---- What do you think? Big Boys playing mind games? I think they are accumulating buy orders from the herd until New York close Friday night. Monday they tap those stop loss before going up for real.
Likely that he got stopped out with a loss.

Things get messy like now because the MN2 is on a down leg whereas W2 is on an up leg. So, smaller TFs are cycling inside of these two TFs that are moving in opposite directions. Because very few people understand how to look at the cycles moving up from below and which TF is the focus, they can see only consolidation, false breakouts, trend lines not respected, etc., and other excuses for why their trades fail.

Also, most folks don't look at very many TFs, especially the folks that insist on using MetaTrader4 as their charting platform, so they are missing out on a lot of valuable information from "missing" TFs.
To free Gazans of Hamas, use whatever it takes.
  • #128,929
  • Feb 16, 2022 11:56am Feb 16, 2022 11:56am
Quoting KCJed
{image} Okay, to back Emmanuel up. Here is a perfect LIVE Inside bar reversal setup on the EUR/USD 1HR. This screen shot is from 3 minutes ago(7:11 am CST US) I prefer a slightly more conservative approach to the entries so I'm using the ADX and CCI for momentum confirmation. 8 period 5 price CCI and a 5 period ADX. For me the ADX crossing above 50 (angled up) and the CCI reading at least 120 confirms. However, Emmanuel is right you could use straight price action if you are comfortable with it.
Did you sell?

I saw very clean HHHL formation and prefer buy bias.

I am referring to BigE’s #647 - previous high and lows.
  • #128,930
  • Feb 16, 2022 12:05pm Feb 16, 2022 12:05pm
Quoting DrDave
{quote} Likely that he got stopped out with a loss. Things get messy like now because the MN2 is on a down leg whereas W2 is on an up leg. So, smaller TFs are cycling inside of these two TFs that are moving in opposite directions. Because very few people understand how to look at the cycles moving up from below and which TF is the focus, they can see only consolidation, false breakouts, trend lines not respected, etc., and other excuses for why their trades fail. Also, most folks don't look at very many TFs, especially the folks that insist on using...
Here is an example of the "messy" situation that few even realize they are in.

Going up so buy?
Going down so sell?
Going sideways so wait?

Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #128,931
  • Feb 16, 2022 12:11pm Feb 16, 2022 12:11pm
Quoting tommydoginti
{quote} Did you sell? I saw very clean HHHL formation and prefer buy bias. I am referring to BigE’s #647 - previous high and lows.
Few people realize that they are riding up the H8 and should be looking at lower TFs for pullbacks to buy. Probably because that is WAY too simple, and everyone knows that it CAN'T be simple to find winning entries.

If you can just find a system with multiple indicators, trends lines, S/R lines, pivots, Fib lines, round number lines, and indicators to calculate slopes of various lines, then you can be SURE such a complicated system will bring in the big profits DAILY, no sweat!
To free Gazans of Hamas, use whatever it takes.
  • #128,932
  • Feb 16, 2022 1:08pm Feb 16, 2022 1:08pm
Quoting DrDave
{quote} Few people realize that they are riding up the H8 and should be looking at lower TFs for pullbacks to buy. Probably because that is WAY too simple, and everyone knows that it CAN'T be simple to find winning entries. If you can just find a system with multiple indicators, trends lines, S/R lines, pivots, Fib lines, round number lines, and indicators to calculate slopes of various lines, then you can be SURE such a complicated system will bring in the big profits DAILY, no sweat!
You left out Quantum trading.
  • #128,933
  • Feb 16, 2022 2:10pm Feb 16, 2022 2:10pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 60 KB


Confirmed long entry on 1 Hr GBP/USD after breakout of inside bar formation and momentum confirmation. (ADX not quite to 50 level but everything else confirmed). First target 1.3635. My suspicion is GBP/USD is headed back up to retest the 1.3700-1.3725 level probably by the end of tomorrow's USD morning session.
  • #128,934
  • Feb 16, 2022 2:19pm Feb 16, 2022 2:19pm
Quoting tommydoginti
{quote} Did you sell? I saw very clean HHHL formation and prefer buy bias. I am referring to BigE’s #647 - previous high and lows.
No. The body of candle never closed below the Inside bar formation. Good that you waited. The Current 2 pm CST candle is testing the high of the Inside Bar formation. If we get a close of the candle body above the 1.1395 level then we'll have confirmation of directional bias for a Long trade.
  • #128,935
  • Feb 16, 2022 3:10pm Feb 16, 2022 3:10pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1--2.png Size: 56 KB
Stopped out on GBP/USD trade. Got impatient/stop loss too tight. Directional Bias confirmed, but the momentum wasn't there quite yet. I was expecting more of an immediate POP after FOMC announcement.

The Lime green lines indicate the previous inside bar set up. The 1 pm CST candle broke out. However, as you can see the 2 pm candle stalled and the 1 pm candle became a new Mother candle for a fresh inside bar set up. Had I been patient and waited for the ADX cross with the CCI I could have avoided being faked out here. My entry was at the open of the 2 pm candle.
  • #128,936
  • Feb 16, 2022 6:14pm Feb 16, 2022 6:14pm
Quoting KCJed
{image} Confirmed long entry on 1 Hr GBP/USD after breakout of inside bar formation and momentum confirmation. (ADX not quite to 50 level but everything else confirmed). First target 1.3635. My suspicion is GBP/USD is headed back up to retest the 1.3700-1.3725 level probably by the end of tomorrow's USD morning session.

that H1 bullish engulfing outside bar BUEOB / HA candle is good. basic PA can be simple

intraday risk is BRN 1.3600 and timing after London session had closed is one of my day trading concerns.

I have my TP set at previous week's Friday Feb11 high Close.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,937
  • Feb 16, 2022 6:21pm Feb 16, 2022 6:21pm
Quoting DrDave
Hey Tekkies, why do you think that Vincent keeps proudly posting his 2018 TMS EVO nonsense, but has absolutely no recent performance updates to post? Maybe because that is the ONLY time he has been able to show a positive result (which happened due to pure LUCK, not due to trading skills)? No doubt that he trashed yet another account with that system since then.

I post TMS Evo 2018 to show people that Big E was right when he said we can trade his 5-Method without the TDI.

2018 was the year I dropped the TDI and follow 5-Method Price Action according to Big E' old thread.

Poor @FakeDr has never made any money for 10 years trading here in Forex Factory. TMS EVO is nonsense to a long time loser 'senior member' like him.

and @Tekkies continues with his self-sabotage ... repeating the same trading mistakes day in day out.

All it takes is for both clowns to show us they can trade and make a full 12-months consistent profits like this:

Attached Image (click to enlarge)
Click to Enlarge Name: VDM TMS Evo 2018.png Size: 259 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,938
  • Feb 16, 2022 6:25pm Feb 16, 2022 6:25pm
Quoting emmanuel7788
{quote} LOL. @FakeDr - that is your colourful TDA with IMT rubbish and its the same lagging indicator. Big Picture is here below: {image} and here is TMS big picture at NY Open {image} ...

LOL. While the two 'senior member' clowns make funny posts to entertain us, others read and learn.

GBPUSD Feb 16 trades entries and exits

follow Big E' Post#261
> PA above 5 EMA
> know the Market Type and the Big Picture Post#647
> trade 5-Method PA & SR

> do you see the consolidation and the breakout?


Attached Image (click to enlarge)
Click to Enlarge Name: GU Feb16 trades closed 17-2-2022 3-19-38 am.png Size: 26 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,939
  • Feb 16, 2022 6:35pm Feb 16, 2022 6:35pm
Quoting DrDave
{quote} Few people realize that they are riding up the H8 and should be looking at lower TFs for pullbacks to buy. Probably because that is WAY too simple, and everyone knows that it CAN'T be simple to find winning entries. If you can just find a system with multiple indicators, trends lines, S/R lines, pivots, Fib lines, round number lines, and indicators to calculate slopes of various lines, then you can be SURE such a complicated system will bring in the big profits DAILY, no sweat!
well we all know by now that @FakeDr is good a story writing.
All his trading theories by trading gurus which we read all the time on the Internet and trading books authors.

FF is a fun place with many such threads,

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

how many percent of TMS traders lose money?

only an idiot would post and tell you such nonsense (#99,130)

<>
BigE's advice in this thread is all you need to become successful.
Download BigE Full.pdf. Study / practice / Google search every post in that pdf until you understand what BigE was posting about.
<>

Big E mentioned many times - "use your brain".

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
  • #128,940
  • Feb 16, 2022 6:36pm Feb 16, 2022 6:36pm
Quoting emmanuel7788
{quote} that H1 bullish engulfing outside bar BUEOB / HA candle is good. basic PA can be simple intraday risk is BRN 1.3600 and timing after London session had closed is one of my day trading concerns. I have my TP set at previous week's Friday Feb11 high Close.

I'm in Central time US. Perfect for trading the morning US session. I typically trade between 7am and 12 noon unless there is news in the afternoon.

The exception being the usd/cad since both markets are open at the same time. It's not to uncommon to get a little something on that pair in the afternoon.
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