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Trading Made Simple

  • #129,321
  • Mar 9, 2022 4:23am Mar 9, 2022 4:23am
Quoting emmanuel7788
{quote} US30 Mar08 trades closed - yesterday was a very good day this week - meet my daily average Big E' Post #7555 - today I can 'rest and relax' till the Chicago 9:30AM open today {image} ...

US Markets Mar09 at London 10AM

- bulls are back as of now while the US still 'sleeping'

> caution when Chicago 9:30AM M30 candle,

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,322
  • Mar 9, 2022 8:33am Mar 9, 2022 8:33am
i took that entry
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  • #129,323
  • Mar 9, 2022 8:35am Mar 9, 2022 8:35am
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  • #129,324
  • Mar 9, 2022 10:05am Mar 9, 2022 10:05am
Quoting TheZenienss
i took that entry {image}
Nice and entry early in the swing! Glad you also captured a lot of pips.

I entered both AU and GU in about same time. AU formed HL and GU consolidated with false break (liquidity grab)

So AU in continuation and GU in reversal trades. With back of the mind both pairs trade against USD.

Quoting tommydoginti
{quote} Price dropped to previous low and rejected. Better wait for a solid setup for continuation trade. #647 {image} {image}
#647, then,
BUY when TDI green cross red. Simple as that

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GU
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  • #129,325
  • Mar 9, 2022 12:06pm Mar 9, 2022 12:06pm
maybe i should close the trade now
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  • #129,326
  • Mar 9, 2022 12:07pm Mar 9, 2022 12:07pm
bouce trade?
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  • #129,327
  • Mar 9, 2022 1:19pm Mar 9, 2022 1:19pm
my effort with USD CHF
Not using HA as Big E recommended as things are super volatile at present and have let some 50 pt wins stop out at BE where with normal chart could have sorted things better. Am still learning this method, there is a wealth of knowledge in this thread.
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  • #129,328
  • Mar 9, 2022 7:13pm Mar 9, 2022 7:13pm
Quoting TheZenienss
bouce trade? {image}

there is no bounce in the TDI' RSI green price line until that H4 candle closes ... in 1 hr 6 min

it look more like a tweak of the RSI' MOMENTUM green line when the price action breaks out of the consolidation of big candles and smaller candles,

note the price action and the TDI green line and its blue band VB, sign of potential consolidation which is confirmed by the price action - big candles and smaller candles,

some say the TDI is lagging the PA. others say PA is leading indicator.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,329
  • Mar 9, 2022 7:19pm Mar 9, 2022 7:19pm
Quoting TheZenienss
maybe i should close the trade now {image}

if the next 4hr still did not move, then closing at PDT 6AM would be Big E' exit.. ... that his TMS rule Post#1.

why not have a look at H1 when the New York open and see if there is H1 trade opportunity.

AUD, NZD and CAD are commodity currencies and these days we must be more cautious during the London session and at the London session closing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,330
  • Mar 9, 2022 10:41pm Mar 9, 2022 10:41pm
AUDJPY Mar10 Tokyo 1:35PM

- current active H4 candle moving up but the TDI#25 has not update yet ..
- the last candle TDI green cross red down 3.5 !
- the most recent swing high to the left

- what do you do now?
> wait for this H4 to close in 1hr 23min
> jump in with dynamic entry

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,331
  • Mar 10, 2022 3:35am Mar 10, 2022 3:35am
Quoting TheZenienss
bouce trade? {image}
Look at H1 where you entered. Do you think when you look to the left on H1 that you would have entered a sell there?

There are a lot of TFs available with valuable information for making your trading decisions, so why limit your view to just H4???

(And if you had a better system for MTF views, then M15 CLEARLY shows that selling there is fighting against a higher TF that is still in an upswing.)
To free Gazans of Hamas, use whatever it takes.
  • #129,332
  • Mar 10, 2022 4:46am Mar 10, 2022 4:46am
Quoting tommydoginti
{quote} Price dropped to previous low and rejected. Better wait for a solid setup for continuation trade. #647 {image} {image}
Some ask about trade management.

It can be closing the trades, take partial, or trail SL/TP. It does not matter which approach, but more importantly WHEN you will execute the trade managements.

One simple way to do is also follow BigE's Trading Made Simple #647.

When the accuracy of the setup is good, that means it is time to consider CLOSING / SECURING your trade in profit when the OPPOSITE setup comes.

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  • #129,333
  • Mar 10, 2022 4:50am Mar 10, 2022 4:50am
Quoting tommydoginti
{quote} Nice and entry early in the swing! Glad you also captured a lot of pips. I entered both AU and GU in about same time. AU formed HL and GU consolidated with false break (liquidity grab) So AU in continuation and GU in reversal trades. With back of the mind both pairs trade against USD. {quote} #647, then, BUY when TDI green cross red. Simple as that {image} GU{image} {image}
I chose to set-and-forget SLTP and let the trades to hit either way and alert me because I was not dealing with trading for the rest of the day.

But the important thing is WHERE as decision making points.

That is something can be explained with just a few words according to #647. Not even needing indicators or the actual price.

GU
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AU
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  • #129,334
  • Mar 10, 2022 2:33pm Mar 10, 2022 2:33pm
Try tonight "Green"
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  • #129,335
  • Mar 10, 2022 3:59pm Mar 10, 2022 3:59pm
todays trades

#1
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#2
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  • #129,336
  • Mar 10, 2022 7:04pm Mar 10, 2022 7:04pm
Quoting TheZenienss
todays trades #1{image} #2 {image}



... disciplined and consistent

pick only the best pairs with the best setups will lead to more winners and fewer losers
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,337
  • Mar 10, 2022 10:30pm Mar 10, 2022 10:30pm
Quoting emmanuel7788
{quote} Price Action Price Action Price Action ... Post#647 basics "set and forget" works bestwhen you are trading the continuation setups in the established trend/swing when there is a breakout following the established trend/swing price action Do Not trade when the market is in or near a consolidation (Post#647) {image} basics ... take a moment first to observe basic 4x things... like: How close am...
Post#647 basics "set and forget" works best

Good. Finally you have learnt something from BigE's Trading Made Simple.

You can further simplify your Price Action to strictly follow #647.

Previously highs and lows - Just look at previous highs and lows.

That makes your life way easier and the entries would be sooner as price turns and picks up momentum.

Quoting tommydoginti
{quote} Price dropped to previous low and rejected. Better wait for a solid setup for continuation trade. #647 {image} {image}
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  • #129,338
  • Edited 11:00pm Mar 10, 2022 10:48pm | Edited 11:00pm
Quoting emmanuel7788
{quote} LOL. @Tekkies using that old TE May June 2018 to massage your own big ego. here is the 2017 year ended Dec account still standing. {image} ...
Another suggestion is manage your risk.

You cannot consistently growth your account if you face huge DD yearly that can blow the account. The performance is accurately reflected in %, and Myfxbook is good monitor as it does not account your deposit/withdrawal to give you an unbiased performance review.

Good luck. You taking the longer route but I can see my contribution is working. Finally you are using the two concepts since I started posting here
1. Set and forget.
2. #647

Trade well.

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  • #129,339
  • Mar 10, 2022 10:58pm Mar 10, 2022 10:58pm
#647
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1. Previous highs and lows, past consolidation area = Price level & Trend
2. Candle size / rejection in past areas as of (1) = momentum and rejection as price moves away from them.

Finally, TDI green cross red as momentum in (2) kicks in = trade timing

There is no need to make it complicated. Trading Made Simple.

Quoting tommydoginti
{quote} I chose to set-and-forget SLTP and let the trades to hit either way and alert me because I was not dealing with trading for the rest of the day. But the important thing is WHERE as decision making points. That is something can be explained with just a few words according to #647. Not even needing indicators or the actual price. GU {image} AU {image}
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  • #129,340
  • Mar 10, 2022 11:01pm Mar 10, 2022 11:01pm
Quoting tommydoginti
#647 {image}1. Previous highs and lows, past consolidation area = Price level & Trend 2. Candle size / rejection in past areas as of (1) = momentum and rejection as price moves away from them. Finally, TDI green cross red as momentum in (2) kicks in = trade timing There is no need to make it complicated. Trading Made Simple. {quote} {image}{image}

Quoting emmanuel7788
{quote} we all here have been duped by that @tommydog ... look at his posts and the charts attached. Lots of fake trades manually markup on hindsight after the fact charts. ==================================================== you #FakeTrader#... your secret is safe with me for now... you know what I mean... I stay be patient and it will be just a matter of time. Post#124,600 the pebble is still in sifu' hand. https://www.forexfactory.com/thread/...9#post13706509...
we all here have been duped by that @tommydog ...

look at his posts and the charts attached. Lots of fake trades manually markup on hindsight after the fact charts.

====================================================
you #FakeTrader#... your secret is safe with me for now... you know what I mean...

I stay be patient and it will be just a matter of time.

Post#124,600
the pebble is still in sifu' hand.
https://www.forexfactory.com/thread/...9#post13706509
https://www.forexfactory.com/attachm...9&d=1631636443


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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