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Trading Made Simple

  • #138,881
  • Mar 24, 2023 3:05am Mar 24, 2023 3:05am
GJ Mar24 Frankfurt Open candle

- Bearish Engulfing Outside Bar BEEOB at 10EMA .. is this Arjun candle?

Attached Image (click to enlarge)
Click to Enlarge Name: GJ Mar24 H1 LO 24-3-2023 4-03-46 pm.png Size: 28 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,882
  • Mar 24, 2023 3:14am Mar 24, 2023 3:14am
Quoting korosh1350
{quote} hi emmanuel which one is master candle 1 or 2 ? {image}
sorry wrong picture this one is correct
Attached Image (click to enlarge)
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  • #138,883
  • Mar 24, 2023 3:15am Mar 24, 2023 3:15am
Quoting korosh1350
{quote} hi emmanuel which one is master candle 1 or 2 ? {image}
there is none on your chart.

Go to this post #76,875 by bistolis you find good information on Master Candle types and how to trade them.
https://www.forexfactory.com/thread/...29#post9649629

I trade Master Candle {3} ... these appears most often.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,884
  • Mar 24, 2023 3:27am Mar 24, 2023 3:27am
Quoting korosh1350
{quote} sorry wrong picture this one is correct {image}
1 and 2 are not MCs.

the minimum number of small candles within the high-low of a big candle must be 3 to be a MC{3}

if the big candle is follow by a small candle within its high-low, that is Inside Bar of the big candle aka Mother Bar.
A MC{3} always start as a Mother Bar/Inside Bar ... then the next 2 candles count...

The key here is what do you trade after a Mother Bar / Inside Bar > ... which is consolidation.

Attached Image (click to enlarge)
Click to Enlarge Name: korosh1350 CADCHF H4 MC examples 24-3-2023 4-18-23 pm.png Size: 84 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,885
  • Mar 24, 2023 3:29am Mar 24, 2023 3:29am
Quoting emmanuel7788
GJ Mar24 Frankfurt Open candle - Bearish Engulfing Outside Bar BEEOB at 10EMA .. is this Arjun candle?
Attached Image (click to enlarge)
Click to Enlarge Name: GJ Mar24 H1 LO 24-3-2023 4-03-46 pm.png Size: 28 KB


{image} ...
GJ Mar24 London Open trades closed

- quick and easy money

- Post#647 Price Action is KING !


Attached Image (click to enlarge)
Click to Enlarge Name: GJ Mar24 Trades closed 24-3-2023 4-17-20 pm.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,886
  • Mar 24, 2023 4:06am Mar 24, 2023 4:06am
Mar 24 Friday Pacific 2AM

- Fantastic... Go! Go! Go!

- when H4 and H1 are in harmony ...

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Mar24 H4 and H1 beautiful 24-3-2023 5-04-08 pm.png Size: 29 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,887
  • Mar 24, 2023 5:06am Mar 24, 2023 5:06am
GBP/NZD 1h

Inside Bar and bounce TDI

Attached Image (click to enlarge)
Click to Enlarge Name: 2023-03-24 11_03_23-GBPNZD 1.96662 â–² +0.03% Anonyme.png Size: 61 KB
  • #138,888
  • Mar 24, 2023 6:25am Mar 24, 2023 6:25am
Quoting emmanuel7788
{quote} GJ Mar24 London Open trades closed - quick and easy money - Post#647 Price Action is KING ! {image} {image}
Nice trade Emma, could you share me your money management and exit rule ?

EURAUD H1 long, live trade. I am a little late for entry
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  • #138,889
  • Mar 24, 2023 7:13am Mar 24, 2023 7:13am
First things first.
Dear Emm (Emmanuel7788), I been reading all your posts in Arjun's thread and here also.
The time and efforts you put in to share your knowledge is commendable. Take a bow buddy.
Got few questions on Trend, both in PA and TDI.
Will shoot tomorrow.
Thanks a lot again.
A M S
  • #138,890
  • Mar 25, 2023 7:20am Mar 25, 2023 7:20am
Quoting PutaniBitali
First things first. Dear Emm (Emmanuel7788), I been reading all your posts in Arjun's thread and here also. The time and efforts you put in to share your knowledge is commendable. Take a bow buddy. Got few questions on Trend, both in PA and TDI. Will shoot tomorrow. Thanks a lot again.
hi @Putani

Welcome to Big E' Trading Made Simple thread.
Thanks for your kind words. It is good that you have read Arjun' thread. That is the place to learn Price Action trading. Before that thread I was also active in X-Man' thread here:
https://www.forexfactory.com/thread/...-simple-system

Ask me anything here and I'll find time to help you along.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,891
  • Mar 25, 2023 7:30am Mar 25, 2023 7:30am
Quoting ThanksDana
{quote} Nice trade Emma, could you share me your money management and exit rule ? EURAUD H1 long, live trade. I am a little late for entry {image}
that EA H1 buy trade not safe.

prefer to see a price close above candle 1 of that swing low and HA PA above the 5EMA for a buy trade

Attached Image (click to enlarge)
Click to Enlarge Name: EA Mar24 H1 buy entry 25-3-2023 8-25-43 pm.png Size: 38 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,892
  • Mar 25, 2023 7:47am Mar 25, 2023 7:47am
Quoting ThanksDana
{quote} Nice trade Emma, could you share me your money management and exit rule ? EURAUD H1 long, live trade. I am a little late for entry {image}

Attached Image (click to enlarge)
Click to Enlarge Name: GJ Mar24 Trades closed 24-3-2023 4-17-20 pm.png Size: 27 KB


Those GBPJPY trades are TMS-II .

For information on Money Management please read this old post #48,008
https://www.forexfactory.com/thread/...53#post7968153

For TMS-II, please read these posts #27,046, #24,918 and #33,507.

https://www.forexfactory.com/thread/...86#post7058586

https://www.forexfactory.com/thread/...44#post6957144

https://www.forexfactory.com/thread/...82#post7357782

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,893
  • Mar 25, 2023 8:02am Mar 25, 2023 8:02am
Quoting thomi
GBP/NZD 1h Inside Bar and bounce TDI {image}
it was a difficult day with UK PMI data release.

that H1 Inside Bar is 'iffy' case with the two candle with long upper wick and small body.
when I see 'iffy' PA I would check again the other timeframes and also my other COWABUNGA charts.

your TV TDI is updating on every tick so it can be visually tricky ...

Just a quick review of that setup,
Chart#1 below shows a bounce 8.5 of the TDI green line -5.9

Attached Image (click to enlarge)
Click to Enlarge Name: GN Mar24 H1 inside bar 25-3-2023 8-10-01 pm.png Size: 22 KB


Chart#2
the next candle close with a pullback and the TDI green line went flat +1.1

Attached Image (click to enlarge)
Click to Enlarge Name: GN Mar24 H1 Inside Bar tdi flat 25-3-2023 8-11-17 pm.png Size: 21 KB


Chart#3
the following candle close bullish and the TDI hook up +3.3

Attached Image (click to enlarge)
Click to Enlarge Name: GN Mar24 H1 close hook 25-3-2023 8-12-39 pm.png Size: 21 KB



Learn from this trade experience and you will become a better trader.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,894
  • Mar 26, 2023 7:02am Mar 26, 2023 7:02am
Dear Emm,
Thanks for your response.
Little Det's about me. I'm 18, an Indian gal. I'm a college student, with majors in Economics & business studies, planned destination being LSE either for Grad or post Grad studies. I want to be a full time / pro trader by the time I grad. I was always interested in economics and currency market. It was during covid lock down that I had too much time at my disposal and started reading a lot at baby pips and here as well, only 3 threads here, though. TMS (here), Arjun's thread and building an equity millipede.
I started demo about a year ago and as I learnt enough about MT4 and with little knowledge because of these 3 threads, saved lil from my pocket money and opened 2, 100$ ac's to test my skills as well as my psychological stability in trading FX.
Here are my doubts.
Everyone advices to trade with the trend. But in my lil knowledge, talking about trend without referring to a particular TF does not make sense as every TF will have its own trend, with different scale / volume. Many say that bulls live above 200 ema and bears exist below 200 ema. My question is 200 ema in which tf? Supposing 200 ema on D TF, what should I do till a Bullish or Bearish rotation happens on 200 ema on D TF? How do I know if the reversal is actually a REVERSAL not just a retracement in a dominant trend?
As I'm trading AJ now, here is my analysis as well as question.
AJ printed strong bullish in Jan, a Doji in Feb and should end a strong bearish M in March. RSI in TDI is sloping down at proper and great angle. But price is teasing 2021 High's (historical R), which was also 2013 Low's (historical S). on W, we got 3 proper LH and LL, stronger down trend indication. On D, out of past 10 candles, 6 candles have bigger wicks at bottom and in my knowledge, price goes against the wick side. Friday candle pulled back by 85 pips from 2021 High's. TDI is OS. on 4H, we have a golden TDI cross over right at 32 level. So, M and W yell to sell but D and 4H indicate a reversal. Is it Reversal or a retracement in a strong down trend?
Dear Emm, as i have seen, you are a master at multi TF analysis and I'm very keen to absorb everything that you can train and mentor me. Got more questions, down the line.
Thanks a lot in advance.
A M S
A M S
  • #138,895
  • Mar 26, 2023 7:45am Mar 26, 2023 7:45am
Quoting Tekkies
Rules from Post 137,946 {image}
#138,855 very common mistakes by new traders ...#self-sabotage# ... not following what the OP Big E had posted in this thread and repeating same mistakes over and over again ,

>

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #138,855 comments 23-3-2023 4-05-14 am.png Size: 65 KB

chart A
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Mar22 m30 #138,855 POMO 25-3-2023 10-44-58 am.png Size: 30 KB

...

chart B
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Mar22 m30 close POMO 25-3-2023 10-45-52 am.png Size: 30 KB


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chart C

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDMar22 m30 TDI flat exit 25-3-2023 10-47-14 am.png Size: 30 KB

...

chart D

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Mar22 m30 next candle wipe out 25-3-2023 10-48-28 am.png Size: 29 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,896
  • Mar 26, 2023 6:29pm Mar 26, 2023 6:29pm
Quoting emmanuel7788
{quote} {image} Those GBPJPY trades are TMS-II . For information on Money Management please read this old post #48,008 https://www.forexfactory.com/thread/...53#post7968153 For TMS-II, please read these posts #27,046, #24,918 and #33,507....
From the many PMs I got over the weekend on this post, obviously many reading here do not have the fundamentals about trading the markets. There are many trading tools available out there and you have to know them and how to use them in your learning journey.

Start here at babypips.com for example - know the market sessions and their characteristics.

https://www.babypips.com/tools/forex-market-hours

There are other tools there for you to learn how to use them. Position Sizing is very important.

To make money trading the markets, you need trading skills. Not just any ordinary skills but very special skills.
There are many skills which you develop over many many years of live real-time market trading.


Attached Image (click to enlarge)
Click to Enlarge Name: Jack Schwager quote on skills.png Size: 32 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,897
  • Mar 26, 2023 6:49pm Mar 26, 2023 6:49pm
Quoting PutaniBitali
Dear Emm, Thanks for your response. Little Det's about me. I'm 18, an Indian gal. I'm a college student, with majors in Economics & business studies, planned destination being LSE either for Grad or post Grad studies. I want to be a full time / pro trader by the time I grad. I was always interested in economics and currency market. It was during covid lock down that I had too much time at my disposal and started reading a lot at baby pips and here as well, only 3 threads here, though. TMS (here), Arjun's thread and building an equity millipede....
hi @PutaniB

You don't grad from Uni and become a full-time professional trader.

You need time to develop yourself to become a full-time professional trader. Start with spending 5 to 8 hours everyday for the next 2 to 3 years, you will be amazed how much you will learn in your first 10,000 hours.

One of the many things you will experience and learn in your first 10,000 hours is about how and what to trade in different market types conditions. But first you need to know how to identify the market trend and the various different market types - which are not trending - the sideways ranging market types.

Big E' 5-Method is a time-tested methodology to trade in various market types as you learn in LE1 aka Arjun' thread which you can keep things very simple and day-trade everyday and make some money. You can scalp, you can day-trade, you can swing trade and position trade all the time.

I start with very simple approach.

First step is to have a Big Picture before I jump into using TMS' indicators:

AUDJPY Big Picture
3 simple steps Monthly > Weekly > Daily

Monthly
> know the historical price swing levels

Attached Image (click to enlarge)
Click to Enlarge Name: AJ MN Big Picture 27-3-2023 7-09-02 am.png Size: 24 KB

Weekly
> know the Market Type - Trending or Sideways ...

Attached Image (click to enlarge)
Click to Enlarge Name: AJ W1 Big Picture 27-3-2023 7-10-08 am.png Size: 21 KB

Daily
> know the Market Type conditions
> know the setups, the strengths, the weaknesses, the opportunities and the threats... of every setup

Attached Image (click to enlarge)
Click to Enlarge Name: AJ D1 Big Picture 27-3-2023 7-10-39 am.png Size: 26 KB


next/-
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,898
  • Mar 26, 2023 6:56pm Mar 26, 2023 6:56pm
Quoting emmanuel7788
{quote} hi @PutaniB You don't grad from Uni and become a full-time professional trader. You need time to develop yourself to become a full-time professional trader. Start with spending 5 to 8 hours everyday for the next 2 to 3 years, you will be amazed how much you will learn in your first 10,000 hours. One of the many things you will experience and learn in your first 10,000 hours is about how and what to trade in different market types conditions. But first you need to know how to identify the market trend and the various different market types...
with the Big Picture you have a view of the market,

next step is to look the TMS 5-Method chart template:

and apply the rules as in Post#261

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Mar27 H4 pipware 27-3-2023 7-14-14 am.png Size: 38 KB


> apply what we learn in Arjun' thread ... the Power of 10EMA in all timeframes.

The Power of 10EMA >>> Post#8,528 by FF member named tango-1
https://www.forexfactory.com/thread/...3#post14238573

https://www.forexfactory.com/thread/...0#post14246630

Attached Image (click to enlarge)
Click to Enlarge Name: Market Trends M15 H1 H4.png Size: 173 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,899
  • Mar 26, 2023 7:00pm Mar 26, 2023 7:00pm
Quoting emmanuel7788
{quote} with the Big Picture you have a view of the market, next step is to look the TMS 5-Method chart template: and apply the rules as in Post#261 {image} > apply what we learn in Arjun' thread ... the Power of 10EMA in all timeframes. The Power of 10EMA >>> Post#8,528 by FF member named tango-1 https://www.forexfactory.com/thread/...3#post14238573 https://www.forexfactory.com/thread/...0#post14246630 {image} ... ...
AUDJPY Mar27 Waiting for Tokyo Open ...

> I know what to look for

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Mar27 waiting for TOK 27-3-2023 7-58-28 am.png Size: 31 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,900
  • Mar 26, 2023 7:21pm Mar 26, 2023 7:21pm
Quoting emmanuel7788
{quote} AUDJPY Mar27 Waiting for Tokyo Open ... > I know what to look for {image} ...
"YOU GOT TO LEARN TO READ YOUR CANDLES " #2776

AJ M15 with H4 and H1 view of the price action

- H1 has a swing low BUT the last candle did not show a higher Close!

- 200EMA above note !

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Mar27 learn to read your candles 27-3-2023 8-10-12 am.png Size: 40 KB



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