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Trading Made Simple

  • #132,841
  • Jul 14, 2022 1:42am Jul 14, 2022 1:42am
Quoting kenergy1
{quote} Do you look at HTF to decide what pair to trade on the 15M? or do you just look for trend on 15M only and jump in on HL? What times of day do you trade? thx in advance

Big E #119

>>> when not to trade!

>>> M15 is thrash timeframe...

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if you trade after the 9am EST, you will have to Hope and Pray Post#1

I hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry. I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,842
  • Jul 14, 2022 2:03am Jul 14, 2022 2:03am
Market is sideway took a risk. Anything can happen. Losing one trade is normal
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MA provides the market's current direction and strength.
  • #132,843
  • Jul 14, 2022 2:08am Jul 14, 2022 2:08am
Quoting Orion80
{quote} Hello, what does it mean TDI?

" what does it mean TDI? "

The OP aka Big E : you can trade without the TDI if you know and mastered his 5-Method

Jan 20, 2011
#3044
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.

Jan 26, 2011
#3103
I almost always have the tdi & stoch on all my charts regardless of the method being used.

However, it's not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and it's a good confirmation to the current PA and possible trade.


Feb 12, 2011
#3418
You can trade the 5 method without the TDI if it's a problem...

PA is HA Candles, PA crosses the yellow line and closes... enter on the next candle if it's the same color. When candles flatten out... exit. Stay in the trade as long as it doesn't cross back over the yellow line and close.

The TDI just gives me a lot more information for making my entries & exits decisions.


May 16, 2011
#2617
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...

#296 (Nov 4, 2008)
I profit every day by using Stochastics. I hope you will too. It's just part of the puzzle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,844
  • Jul 14, 2022 2:13am Jul 14, 2022 2:13am
Quoting hasib
Market is sideway took a risk. Anything can happen. Losing one trade is normal {image}
I have losing trades every Sunday, Monday, Tuesday, Wednesday, Thursday and Friday. ... 6 days a week.

Good lord my Saturday is not a trading day so no loss on Saturdays.

my last 2000 trades:

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,845
  • Jul 14, 2022 2:33am Jul 14, 2022 2:33am
Both trade at BE. Enjoy
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MA provides the market's current direction and strength.
  • #132,846
  • Jul 14, 2022 2:57am Jul 14, 2022 2:57am
Quoting hasib
Market is sideway took a risk. Anything can happen. Losing one trade is normal {image}
When you say "market is sideways", what exactly do you mean? If your presentation of the H1 TF is your reference to "the market", then it would be better to state that the H1 TF is sideways. If you are using some other TF as "the market", then you should state what that TF is.

The H1 uptrend is simply the H8 TF making a swing up. And what happens during such an upswing? SMALLER TFs make retracements to it until the retracements progress to an END of the larger TF swing. So, where is the "sideways market" that you see? I see NORMAL progression of retracement/continuation of smaller TFs to some larger TF.

So, the current H1 downswing should be viewed as nothing more than a pullback to be bought when it ends, barring evidence that the pullback fails: That is far from a "sideways" view.
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To free Gazans of Hamas, use whatever it takes.
  • #132,847
  • Jul 14, 2022 6:02am Jul 14, 2022 6:02am
I am not intersted in this area. It may continue lower. Or choop
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MA provides the market's current direction and strength.
  • #132,848
  • Jul 14, 2022 6:37am Jul 14, 2022 6:37am
Quoting emmanuel7788
{quote} PMs Q&A - another frequently asked question in the last few weeks: Q. What is true reversal? In Big E' 5-Method, he use the Stoch (8,3,3) from Craig Harris Stochastics Method to pick the True REVERSAL setups. Then he use Dean Malone' original TDI 2006 (the same TDI in Post#25) to confirm the setup candle with RSI(13)/EMA(2) as the MOMENTUM signal. The TIMING is when both the Stoch and TDI#25 show the MOMENTUM at his 10PM PDT 4hr candle and 2AM PDT 4hr candle for his TMS trade. Trading Made Simple is just the title of this thread. The trading...

PMs Q&A

to reply a few PMs on 5bars swing high and m2m3m5 set up candle

here is today' example GU M5

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there are also other setup variants - m1m2m3 , m3m5m15, etc.

more important is to see the swing high and swing low first then look for these variants setup candles.

> do some research on 'Marubozu' candlestick
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,849
  • Jul 14, 2022 7:57am Jul 14, 2022 7:57am
Quoting emmanuel7788
{quote} PMs Q&A to reply a few PMs on 5bars swing high and m2m3m5 set up candle here is today' example GU M5 {image} there are also other setup variants - m1m2m3 , m3m5m15, etc. more important is to see the swing high and swing low first then look for these variants setup candles. > do some research on 'Marubozu' candlestick
Trend continuation 5 bar setups. tp 3R
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MA provides the market's current direction and strength.
  • #132,850
  • Jul 14, 2022 8:02am Jul 14, 2022 8:02am
Quoting hasib
{quote} Trend continuation 5 bar setups. tp 3R {image}
Stop at BE.
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MA provides the market's current direction and strength.
  • #132,851
  • Edited 8:31am Jul 14, 2022 8:14am | Edited 8:31am
Quoting emmanuel7788
{quote} PMs Q&A to reply a few PMs on 5bars swing high and m2m3m5 set up candle here is today' example GU M5 {image} there are also other setup variants - m1m2m3 , m3m5m15, etc. more important is to see the swing high and swing low first then look for these variants setup candles. > do some research on 'Marubozu' candlestick
50% Profit Close. RRL & 5 BTS with the direction of TMS H4 method. NYC MF
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MA provides the market's current direction and strength.
  • #132,852
  • Jul 14, 2022 8:39am Jul 14, 2022 8:39am
Quoting hasib
{quote} 50% Profit Close. RRL & 5 BTS with the direction of TMS H4 method. NYC MF {image}
Done Got 3R. Done for the Day
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MA provides the market's current direction and strength.
  • #132,853
  • Jul 14, 2022 12:53pm Jul 14, 2022 12:53pm
Quoting DrDave
{quote} When you say "market is sideways", what exactly do you mean? If your presentation of the H1 TF is your reference to "the market", then it would be better to state that the H1 TF is sideways. If you are using some other TF as "the market", then you should state what that TF is. The H1 uptrend is simply the H8 TF making a swing up. And what happens during such an upswing? SMALLER TFs make retracements to it until the retracements progress to an END of the larger TF swing. So, where is the "sideways market" that you see? I see NORMAL progression...
Followup
Note that the H1 pullback did not fail, but the subsequent up continuation failed to progress very far before turning back. This resulted in the H2 pullback failing and price again extending the down trend.
To free Gazans of Hamas, use whatever it takes.
  • #132,854
  • Jul 14, 2022 4:08pm Jul 14, 2022 4:08pm
I have found 2 setups on D1 TF. In both cases on H4 charts are Master candes.
How to manage these setups?
1. Set pending longs above MC ?
or
2. Go to lower TF and wait for retracement?
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  • #132,855
  • Jul 14, 2022 4:35pm Jul 14, 2022 4:35pm
Quoting emmanuel7788
{quote} PMs Q&A to reply a few PMs on 5bars swing high and m2m3m5 set up candle here is today' example GU M5 {image} there are also other setup variants - m1m2m3 , m3m5m15, etc. more important is to see the swing high and swing low first then look for these variants setup candles. > do some research on 'Marubozu' candlestick
POST 1718 page 115
I get a little frustrated when people keep adding stuff and then posting it on the forum. I repeatedly ask others to PM others on the thread with the new ideas and not posting them. At least PM me with their ideas... The main entry rule is: green crossing red on the TDI within the first 2 candles for an entry... I don't care what the red TDI line is doing. Did Stoch's confirm the TDI signal between the 20-80 lines...? The 12-2 and 4-6 is for the TDI and not the 5ema... that would just be a bonus...
If you meet the TDI entry rule it doesn't much matter where the 5 ema is in relation to the 1st two candles... All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why... Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES. That's what makes it work !

POST 1933 page 129
Honestly folks... I spent over 2 years refining this method... so it would be simple to understand and easy to trade... Just follow the simple entry rules and TDI exit rules... this isn't brain surgery or rocket science. Just follow what I show you... what I tell you... not what others say that's not within the rules. It's simple and many of you are thinking it can't be this simple so you try to add things and complicate it... that will only lead to your minimum performance or failure... When you do that you create stumbling blocks for yourself... Plain and simple... if your not making bunches of pips your not following what I and the other key guys have taught you...

POSTS FROM BIG-E - LETS NOT POLLUTE HIS SIMPLE 5 METHOD WITH UNNECESSARY ADDITIONS. AS REQUESTED BY THE MAN HIMSELF.
  • #132,856
  • Jul 14, 2022 5:58pm Jul 14, 2022 5:58pm
I'm going to post here the 2 templates I personally use to trade:

1. 5 Method --- (Most simple strategy but works great)

Use Heiken Ashi candles
TDI Indicator set at default
Stochastics set to 8,3,3
5 ema, Shift set to 2 or 3, Typical

When PA crosses 5 ema and closes... that is the set up candle. The entry is on the 2nd candle if it's the same color. Works on all timeframes. I use 5 pip SL on the 5 minute chart. Works great short & long. Templates on pages 169, 170, 171.

2. 21/233 Method ---

Use Heiken Ashi candles
TDI Indicator set at default
Stochastics set to 8,3,3
21 ema, Shift set to 3, Typical (yellow, thicker line)
233 ema, Shift set to 5 or 8, Typical (Blue,thicker line)

I trade as PA moves away from the blue & yellow line. Example: Long Trade - When yellow line moves above blue line...and when PA breaks above the yellow line and closes above it. That is your set up candle. Enter long on the 2nd candle if it's the same color going long. Short trade is the opposite. Templates on pages 169, 170, 171.


Both systems are easy to trade. You'll get more set ups on the 5 method and more re-entries using the 21/233. There are lots of examples from the charts I've posted previously.

Questions ??? Just ask...

Big E

Big E's 2 methods of trading.

No fancy candle patterns or advanced price action.
No EA's.

Easy to follow and learn trading system for all. Lets stick to it in this thread and leave the other rubbish at the door.
  • #132,857
  • Jul 14, 2022 7:03pm Jul 14, 2022 7:03pm
Quoting iwan73
I have found 2 setups on D1 TF. In both cases on H4 charts are Master candes. How to manage these setups? 1. Set pending longs above MC ? or 2. Go to lower TF and wait for retracement? {image} {image}

very good.

can also try TMS MEME with these two Daily setups.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,858
  • Jul 14, 2022 7:12pm Jul 14, 2022 7:12pm
Quoting PipThePanda
I'm going to post here the 2 templates I personally use to trade: 1. 5 Method --- (Most simple strategy but works great) Use Heiken Ashi candles TDI Indicator set at default Stochastics set to 8,3,3 5 ema, Shift set to 2 or 3, Typical When PA crosses 5 ema and closes... that is the set up candle. The entry is on the 2nd candle if it's the same color. Works on all timeframes. I use 5 pip SL on the 5 minute chart. Works great short & long. Templates on pages 169, 170, 171. 2. 21/233 Method --- Use Heiken Ashi candles TDI Indicator set at default Stochastics...
"No fancy candle patterns or advanced price action."

hey @PipThePanda

You are right. There is no need for fancy candle patterns. Just those basic candlesticks we learn from Steve Nison Japanese Candlestick.

Your are right too. There is no need to advanced price action. Just learn those intermediate+ price action which Big E posted 300 times in both his threads.

With basic candlesticks and basic price action, you can follow the Natural Flow of the Forex system by Craig Harris in Big E old thread.

It easy to see the swing highs and swing lows with simple Fractals like this example below.

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there are videos links shared by Big E in his old thread. Go look for them and study the videos.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,859
  • Jul 14, 2022 7:16pm Jul 14, 2022 7:16pm
Quoting PipThePanda
{quote} POST 1718 page 115 I get a little frustrated when people keep adding stuff and then posting it on the forum. I repeatedly ask others to PM others on the thread with the new ideas and not posting them. At least PM me with their ideas... The main entry rule is: green crossing red on the TDI within the first 2 candles for an entry... I don't care what the red TDI line is doing. Did Stoch's confirm the TDI signal between the 20-80 lines...? The 12-2 and 4-6 is for the TDI and not the 5ema... that would just be a bonus... If you meet the TDI...
Don't stop reading and taking notes. You need to achieve 'higher success'...

keep on reading and you will come to this 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...
<>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,860
  • Jul 14, 2022 7:21pm Jul 14, 2022 7:21pm
Quoting emmanuel7788
{quote} PMs Q&A to reply a few PMs on 5bars swing high and m2m3m5 set up candle here is today' example GU M5 {image} there are also other setup variants - m1m2m3 , m3m5m15, etc. more important is to see the swing high and swing low first then look for these variants setup candles. > do some research on 'Marubozu' candlestick

hey TMS Folks

here is an example of another 5bars swing high and follow by a Marubozu setup candle ... nice R:R !

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Click to Enlarge Name: GU Jul14 MARUBOZU setup 15-7-2022 8-18-07 am.png Size: 16 KB


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