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

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #135,721
  • Nov 5, 2022 11:10pm Nov 5, 2022 11:10pm
Quoting Tekkies
{quote} https://www.trustpilot.com/review/forextime.com Find a other broker.
Thank you for the inputs
  • #135,722
  • Nov 6, 2022 3:10am Nov 6, 2022 3:10am
Quoting pips29
this is EU chart on the daily,,I don't know about how you view this but according to my limited knowledge we don't have a confirmed top yet and so price can possibly move higher in the coming week,,GL {image}
wait for H4 add-on surf

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,723
  • Edited 7:45am Nov 6, 2022 7:16am | Edited 7:45am
Quoting Inthebox
{quote} Members often refer to the following posts which had been repeated many times before. post 261 post 647 post 2617 So what's the common words used? TDI and HA coupled with the following market conditions : Trend Support and Resistance High and Low swing Consolidation HA candle size Momentum and Angle .
when going to battle if one carries a whole lot of arsenals with him, one will be heavy ladened with all the equipment slowing him down.
one will over analyze the chart and not knowing what to do.
knowing more does not mean one is able to apply them in real time.
they are just knowledge vs able to apply them successfully as the results will finally show.
just knowing 3 or 4 items will suffice and be very very well versed in using them.

#Post 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?

these items were been applied #Post 135669 and not after the fact in the post before that.

The H1 swing low and swing high made it easier to spot the resistance.

People tend to focus first on item 4 in the chart as it was frequently mentioned that TDI is the heart of the method.
One has to know what is happening around the surrounding terrain before pulling the trigger.
Or else one even does not know what are the reasons why the trade died.

What i am doing is just to share how I trade, trying to be as close as possible what the OP had taught.
Anyone with enough experience will be able to have a gist of what it is about from the above blue paragraph.
I do not have an iota of interest to convince anyone of what I am doing.
You can stick to your own opinions.
It is up to each individual.
If it helps. Good.
If it does not. Then move on.
To each his own.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #135,724
  • Nov 6, 2022 7:34am Nov 6, 2022 7:34am
Quoting emmanuel7788
{quote} wait for H4 add-on surf {image}
Hi emmanuel7788,
Can u share the Yellow Arrows indicator?
Thank alot.
  • #135,725
  • Nov 6, 2022 10:06am Nov 6, 2022 10:06am
this trade has been going on for 24 hours, neither my stop nor target is reached
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the cautious seldom err....C
  • #135,726
  • Nov 6, 2022 10:19am Nov 6, 2022 10:19am
Is this a shampoo pattern?
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the cautious seldom err....C
  • #135,727
  • Nov 6, 2022 10:19am Nov 6, 2022 10:19am
Quoting Inthebox
{quote} when going to battle if one carries a whole lot of arsenals with him, one will be heavy ladened with all the equipment slowing him down. one will over analyze the chart and not knowing what to do. knowing more does not mean one is able to apply them in real time. they are just knowledge vs able to apply them successfully as the results will finally show. just knowing 3 or 4 items will suffice and be very very well versed in using them. #Post 2617 2scoops asked me a...
One sentence:
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.
The understanding will be "strip down everything" dotted line " trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc"
You highlighted items that must be striped from chart.
------------
The rest of your post is spot on correct.
study old charts for set ups: Post 11:
The key to building confidence is to study old charts... look at the TDI moves and how it looks on PA so every time you see that same set up you will know your odds for success are high.
(underlined by BigE to emphasize how imported it is)

> Start with TDI (green cross red) to show you where on the chart are those setups.
> Apply your understand of Price Action to that setup by means of " trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc"
> Remove everything.
> What is left on the chart you > "Burn it into your memory"
------
Reading your posts / charts you burned to memory> trends, angles, S/R levels,
Now you are loading that golden wheelbarrow with pips
  • #135,728
  • Nov 6, 2022 10:33am Nov 6, 2022 10:33am
How about this? TDI H&S
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the cautious seldom err....C
  • #135,729
  • Nov 6, 2022 10:37am Nov 6, 2022 10:37am
Quoting pips29
Is this a shampoo pattern? {image}
it's quasimodo using head n shoulders shampoo.
ITB - Seeing Orderliness amongst 'Randomness'
  • #135,730
  • Nov 6, 2022 10:38am Nov 6, 2022 10:38am
I prefer Sun Tzu's way of battle
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the cautious seldom err....C
  • #135,731
  • Nov 6, 2022 10:43am Nov 6, 2022 10:43am
Quoting Inthebox
{quote} it's quasimodo using head n shoulders shampoo.
Are you saying it's a QM for upward move?
the cautious seldom err....C
  • #135,732
  • Nov 6, 2022 11:00am Nov 6, 2022 11:00am
Quoting pips29
{quote} Are you saying it's a QM for upward move?
no, there's no upward qm, as price drop exceeded the head.
same as hns, only thing is qm entry was around left shoulder level, instead of neckline.
first broke resistance then broke support, returned to qm level and dropped.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #135,733
  • Nov 6, 2022 11:21am Nov 6, 2022 11:21am
Quoting Inthebox
{quote} no, there's no upward qm, as price drop exceeded the head. same as hns, only thing is qm entry was around left shoulder level, instead of neckline. first broke resistance then broke support, returned to qm level and dropped. {image}
It's just about 5 pips
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the cautious seldom err....C
  • #135,734
  • Nov 6, 2022 11:59am Nov 6, 2022 11:59am
Quoting pips29
{quote} It's just about 5 pips {image}
love how your penal is set up. neat.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #135,735
  • Nov 6, 2022 5:03pm Nov 6, 2022 5:03pm
Quoting eelfranz
I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time. My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all trades at that...
<>
Even if I scalp the market I use 4hr charts with success.... 4hr charts have less noise, less head fakes, less influence by any news. Just has a lot of benefits... The key to building confidence is to study old charts...
<>
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this week 333 pips on 6 H1 trades (chart attached). It has not come easy...lots of chart study, trial & error and learning from anyone willing to teach or share....but it is possible to succeed with this system.<>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,736
  • Nov 6, 2022 5:17pm Nov 6, 2022 5:17pm
Quoting pips29
this is EU chart on the daily,,I don't know about how you view this but according to my limited knowledge we don't have a confirmed top yet and so price can possibly move higher in the coming week,,GL {image}
I plan to look for a retrace to buy and the gap down presented me with this opportunity. Grab it and took 1/2 out for some pips before going to zzzzz, my target is about 61 pips from entry for this trade for the Asia session
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the cautious seldom err....C
  • #135,737
  • Nov 6, 2022 5:21pm Nov 6, 2022 5:21pm
took 1/2 out and leaving the remainder for target
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the cautious seldom err....C
  • #135,738
  • Nov 6, 2022 5:56pm Nov 6, 2022 5:56pm
Quoting Tekkies
{quote} One sentence: 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. The understanding will be "strip down everything" dotted line " trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc" You highlighted items that must be striped from chart. ------------ The rest of your post is spot on correct. study old charts for set ups: Post...

Post#11

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,739
  • Nov 6, 2022 7:20pm Nov 6, 2022 7:20pm
Quoting emmanuel7788
{quote} Post#11 {image}
Are you happy now Vincent?
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  • #135,740
  • Nov 6, 2022 8:01pm Nov 6, 2022 8:01pm
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ITB - Seeing Orderliness amongst 'Randomness'
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