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Monitor for 'Trading Made Simple' system 565 replies

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

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Trading Made Simple

  • #132,481
  • Jun 29, 2022 1:25pm Jun 29, 2022 1:25pm
Quoting alihelmy123
usdcad daily no more than idea{image}uk 100daily no more than idea{image}which idea is better from this two
usd cad daily get out +13 pips tdi flat
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uk100 still in it +70 pip
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #132,482
  • Jun 29, 2022 1:43pm Jun 29, 2022 1:43pm
exit is very important
in this strategy you will get sometimes small losses sometimes small winners and sometimes big winners
big winners are the key to make money when you are in strong trends be patience to get big amout of pips
in weak trends go out quickly with small lose or small profit
in the end you found that small profit get rid of small losses
and you get the money of big winners
Cut your losses. Cut your losses. Then maybe you have a chance
  • #132,483
  • Jun 29, 2022 11:05pm Jun 29, 2022 11:05pm
Month-End June 30

- last trading day for this month Daily charts Tokyo 1pm

- target levels, be realistic ...

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,484
  • Jun 29, 2022 11:10pm Jun 29, 2022 11:10pm
Quoting Alihelmy123
exit is very important in this strategy you will get sometimes small losses sometimes small winners and sometimes big winners big winners are the key to make money when you are in strong trends be patience to get big amout of pips in weak trends go out quickly with small lose or small profit in the end you found that small profit get rid of small losses and you get the money of big winners
using TDI conservative exit you get small winners and losers

but if you follow aggressive exit you can stay in a trade and get many more 'Rs' profit for every stop loss 'R'.

Big E #7612:
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,485
  • Edited 4:03am Jun 30, 2022 3:42am | Edited 4:03am
Went long GU H4, based on 5-method (price closed above 5EMA - didn't wait for 2nd bar as that would be 4hours later).

Using trailing SL, pink line = initial SL at prev Low which is also near the D1 support and BRN 0.68500

Question for a TMS noobie - do you trade one pair exclusively in one TF or monitor for TMS entries across diff TFs?
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  • #132,486
  • Jun 30, 2022 8:44am Jun 30, 2022 8:44am
Quoting holyGrill
Went long GU H4, based on 5-method (price closed above 5EMA - didn't wait for 2nd bar as that would be 4hours later). Using trailing SL, pink line = initial SL at prev Low which is also near the D1 support and BRN 0.68500 Question for a TMS noobie - do you trade one pair exclusively in one TF or monitor for TMS entries across diff TFs? {image}
Trailing SL hit at almost 0.5R (half of TP1): so not a great trade, not terrible.
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  • #132,487
  • Jun 30, 2022 9:01am Jun 30, 2022 9:01am
GU 1H Long entered (3pm London time):
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  • #132,488
  • Jun 30, 2022 9:18am Jun 30, 2022 9:18am
Eurusd 1 hour
Daily support
no more than idea
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #132,489
  • Jun 30, 2022 9:18am Jun 30, 2022 9:18am
Quoting holyGrill
GU 1H Long entered (3pm London time): {image}
Out (trailing SL hit) at 1/3 R:
(think my trailing SL a little tight, at 0.4 * R)
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  • #132,490
  • Jun 30, 2022 9:44am Jun 30, 2022 9:44am
Quoting Alihelmy123
Eurusd 1 hour Daily support no more than idea{image}
Hi Alihelmy, I'm also LONG EU 1H (15:20 London time entry)
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  • #132,491
  • Jun 30, 2022 10:02am Jun 30, 2022 10:02am
[quote=holyGrill;14050621]{quote} Hi Alihelmy, I'm also LONG EU 1H (15:20 London time entry) {image}[/quo
Great
I am + 20 pips till now
Cut losess quickly and let profit run
I took from the sell setup in eur usd 4 hour +50 pips when it go near daily support i get out and take buy when tdi give buy signal in 1 hour timeframe
Cut your losses. Cut your losses. Then maybe you have a chance
  • #132,492
  • Jun 30, 2022 10:10am Jun 30, 2022 10:10am
[quote=Alihelmy123;14050668]
Quoting holyGrill
{quote} Hi Alihelmy, I'm also LONG EU 1H (15:20 London time entry) {image}[/quo Great I am + 20 pips till now Cut losess quickly and let profit run I took from the sell setup in eur usd 4 hour +50 pips when it go near daily support i get out and take buy when tdi give buy signal in 1 hour timeframe
also running in good pips on EU 1H so far (although trailing SL getting close).

OK nice trade there on H4 as well! So you trade multi TFs on same pairs, I was curious about that.
  • #132,493
  • Jun 30, 2022 10:42am Jun 30, 2022 10:42am
[quote=holyGrill;14050686]
Quoting Alihelmy123
{quote} also running in good pips on EU 1H so far (although trailing SL getting close). OK nice trade there on H4 as well! So you trade multi TFs on same pairs, I was curious about that.
So you trade multi TFs on same pairs,

It's the best way!! BigE did not like to sit in front of the computer dealing with m15, m30, so he moved up to mainly H4 so he could spend very little time at the computer.

But if you are at the computer, you might as well gain from making add-on entries based on smaller TFs.
To free Gazans of Hamas, use whatever it takes.
  • #132,494
  • Jun 30, 2022 1:44pm Jun 30, 2022 1:44pm
Quoting KCJed
{image}Classic Bat Wing formation setting up on USD/CHF 4H. Look for a big move down to somewhere in the area of the 2 green lines if the 0.9500 support level gets broken.
Bat Wing
Looks like you got confused--no animals are included in the 5-method.
To free Gazans of Hamas, use whatever it takes.
  • #132,495
  • Jun 30, 2022 2:53pm Jun 30, 2022 2:53pm
Quoting DrDave
{quote} Bat Wing Looks like you got confused--no animals are included in the 5-method.
dat's is good one. Dave
  • #132,496
  • Jun 30, 2022 3:12pm Jun 30, 2022 3:12pm
[quote=holyGrill;14050686]
Quoting Alihelmy123
{quote} also running in good pips on EU 1H so far (although trailing SL getting close). OK nice trade there on H4 as well! So you trade multi TFs on same pairs, I was curious about that.
most of the time i trade 4 hours and daily time frame but when i found a setup in 1 hour near daily or weekly or montly support or resistance i take it like the set up today near daily and montly support so i took it in 1 hour time
frame but must tdi give me good slope and check other trading basics that big e mentioned many times i dont trade under 1 hour time frame because it need more mangment and i found myself more comfortable trading high time frames
low time frames need highly quilafied and experienced traders that can make fast decisions and control emotions
quickly and i know myself so i prefer to trade high timeframes and catch big movement in them and this more comfortable for me and i making money consistent this way
Cut your losses. Cut your losses. Then maybe you have a chance
  • #132,497
  • Edited 3:37pm Jun 30, 2022 3:22pm | Edited 3:37pm
[quote=Alihelmy123;14050569]Eurusd 1 hour Daily support no more than idea{image}[/qe
eurusd one hour time frame +55 pips
and there is anthor good setup in 4 hour time frame
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tdi slope good and the price return from strong support
montly chart
no more than idea
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #132,498
  • Jun 30, 2022 5:51pm Jun 30, 2022 5:51pm
US Markets - July 2022 open


> trading the 'dead cat bounce'

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,499
  • Jun 30, 2022 6:04pm Jun 30, 2022 6:04pm
Quoting emmanuel7788
Month-End June 30 - last trading day for this month Daily charts Tokyo 1pm - target levels, be realistic ... {image}
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...
June was a good month hitting my 6 month target ...

JULY Open 2022

- the new beginning of the 3rd Quarter

- there will be many buys and many sells this month


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,500
  • Jun 30, 2022 6:18pm Jun 30, 2022 6:18pm
Quoting KCJed
{image}Classic Bat Wing formation setting up on USD/CHF 4H. Look for a big move down to somewhere in the area of the 2 green lines if the 0.9500 support level gets broken.

Quoting DrDave
{quote} Bat Wing Looks like you got confused--no animals are included in the 5-method.
Bat Wing is just one of many fanciful names given by trading gurus to make things easy to remember. Big E would simply say look at price action returning to previous highs/lows and where the TDI also shows previous highs/lows, etc....

Of course there are no animals in Big E' 5-Method.

But there are lots of party animals in this thread who do not know the 5-Method ...

#2617
>>> if you know and have mastered the 5-Method, you can strip the Stoch and TDI from your charts, then taking clean trades would be a breeze.

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