Trading Made Simple | Page 7135 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #142,681
  • Sep 14, 2023 8:01pm Sep 14, 2023 8:01pm
Quoting emmanuel7788
{quote} big news/event later today ... and post#647 PA analysis .. big candles, small candles, ... now I see a double Master Candle[3] and that nr4IB and narrow range sideways market type III. EU Sep14 H1 London 6am, New York 1am - broker 0800 candle > IF you catch the nr4IB breakout correctly, you may have a +5R trade later today > the market can also fade that {image} ...

Quick review of EU Sep14

- many traders here caught the nr4IB consolidation breakout and got their +5R trade.

- knowing what to trade and when to trade is important for TMS traders to become consistent profitable traders.

> key here is to master the forex trading basics as mentioned in post#647,

> do your WTDA and have your Big Picture of the markets,

> prepare your trade plans based on Big Picture Planning.

> your Big Picture Plan is an important integral part in your Blueprint for Trading Success


Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep15 review Sep14 15-9-2023 8-52-57 am.png Size: 33 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,682
  • Sep 14, 2023 8:07pm Sep 14, 2023 8:07pm
Quoting emmanuel7788
{quote} For LE1' M15 lovers, https://www.forexfactory.com/thread/...-time-frame-15 you love it when PA @ 800EMA {image} {image}




...

EU Sep14 review

- knowing the consolidation market conditions and that nr4IB was first key

- the second key was the H1 pullback candle

- with my dual- EU M15 entries I got a much smaller stop loss

- result was a +10R trade with near perfect timed-entry based on Price Action Support&Resistance trading,


Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep14 nr4IB 10R trade 14-9-2023 8-29-23 pm.png Size: 10 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep14 M15 PA 800EMA 14-9-2023 2-14-24 pm.png Size: 30 KB


Attached Image (click to enlarge)
Click to Enlarge Name: ARJUN basic setups.png Size: 18 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,683
  • Sep 14, 2023 8:22pm Sep 14, 2023 8:22pm
Quoting tommydoginti
{quote} BigE did not trade around news time. But TMS traders who would trade during news can make some profit. As of BigE’s TMS rules #647 When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo SL at last H/L expect price to move to next H/L {image}

Big E #4752
Quoting eelfranz
Hey Gang, You know I prefer to trade the the 1 & 4hr timeframes.... Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try....
some reversal run for several weeks ...

GU Sep15 Weekly UPDATE:

Attached Image (click to enlarge)
Click to Enlarge Name: GU Sep15 Market trend.png Size: 78 KB


> sell the rallies in down-trending market type conditions ...
and
> buy the dips in up-trending market type conditions...

TMS MEME and TME EVO work great when trading the Weekly

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,684
  • Sep 14, 2023 8:36pm Sep 14, 2023 8:36pm
Quoting tommydoginti
{quote} AUS200 update. For BigE’s TMS, Price Action in post #647 is very useful in trading the TDI signals forming a TMS setup. #647 When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo {image}
AUS200 update

BigE’s TMS method uses both TDI signal and price action to trade the market.

#647
Previous highs and lows.
rejections and reversals - last reversals, big, small…


determine trend and trade the TDI signal in direction of the trend

Attached Image (click to enlarge)
Click to Enlarge Name: B15955FB-BD44-403D-8B0B-34E6908F5CC7.jpeg Size: 759 KB
  • #142,685
  • Sep 14, 2023 8:59pm Sep 14, 2023 8:59pm
I got inquiries on the TDI indicators on TradingView.

First, BigE’s TMS method uses TDI with price action confirmation

The base is TDI green and red line, which is the heart of the TMS method.

What I did was code some of the Price Action in post #647 into the indicator to further reduce chart time.

Same as manual analysis, TMS traders only trade with the trend (long or short term). When trading, BigE did not change the chart type or timeframe. The way I trade is based on entry timeframe only, so the indicator is determining trading window based on current timeframe. The indicator highlights the windows of trading TMS setups, not simply pointing out the market movement.

With TDI alert set, it will only signify actionable moments. This can also be done when setting TDI/price alerts after manually analysed the chart. 10-15 sec to make trade decisions.

hope it helps


Attached Image (click to enlarge)
Click to Enlarge Name: E9044825-2B16-4749-A108-E77DC86DC661.png Size: 12 KB
  • #142,686
  • Sep 15, 2023 2:59am Sep 15, 2023 2:59am
Quoting emmanuel7788
{quote} Another new day, new ADR levels ... - after yesterday big move, today ADR levels are 'conservative' - therefore as day-traders, we need to make own judgement based on own experience and adapt to the volatile previous day {image}

Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep15 new day new ADR high-low 15-9-2023 8-46-09 am.png Size: 26 KB



...

EU Sep15 ADR levels update at London Open

- new update to the ADR High-Low as the day' price action made new low and new high

Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep15 ADR updates at LO 15-9-2023 3-55-39 pm.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,687
  • Sep 15, 2023 3:02am Sep 15, 2023 3:02am
EU Sep15 M15 London 9am ... PA is king


Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep15 M15 LO1 15-9-2023 3-59-53 pm.png Size: 34 KB


Attached Image (click to enlarge)
Click to Enlarge Name: ARJUN basic setups.png Size: 18 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,688
  • Sep 15, 2023 3:56am Sep 15, 2023 3:56am
Quoting emmanuel7788
EU Sep15 M15 London 9am ... PA is king {image} {image} ...

EU Sep15 post# 647 forex trading basics for Big E' 5-Method

- when you see big candle, small candle and big candle like this example below,

- you can scalp the M15 with PA+SR

Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep15 H4 Inside Bar at RN 15-9-2023 4-52-59 pm.png Size: 32 KB


> Tokyo session closing in a minute


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,689
  • Sep 15, 2023 4:36am Sep 15, 2023 4:36am
Quoting emmanuel7788
EU Sep15 M15 London 9am ... PA is king {image} {image} ..

Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep15 M15 LO1 15-9-2023 3-59-53 pm.png Size: 34 KB



.

EU Sep15 M15 trade update London 1030am

- as the trade progress you can check the H4 candle on your M15 chart and watch the [rice action

Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep15 M15 w H4 15-9-2023 5-33-43 pm.png Size: 36 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,690
  • Sep 15, 2023 5:34am Sep 15, 2023 5:34am
Quoting tommydoginti
{quote} AUS200 update BigE’s TMS method uses both TDI signal and price action to trade the market. #647 Previous highs and lows. rejections and reversals - last reversals, big, small… determine trend and trade the TDI signal in direction of the trend {image}
More on BigE’s TMS Price Action #647 in trading the TDI signals.

Previous highs and lows are for planning trade levels
Trends determine trade directions

finally trade the TDI signals aligning with #647 Price Actions, completing a TMS trade setup.

Attached Image (click to enlarge)
Click to Enlarge Name: FD27AC77-BED6-4D32-83C4-48EBC773203C.jpeg Size: 883 KB
  • #142,691
  • Sep 15, 2023 6:16am Sep 15, 2023 6:16am
Quoting tommydoginti
{quote} More on BigE’s TMS Price Action #647 in trading the TDI signals. Previous highs and lows are for planning trade levels Trends determine trade directions finally trade the TDI signals aligning with #647 Price Actions, completing a TMS trade setup. {image}

Big E #281
Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
When we follow Big E' TMS 5-Method and trade according to the 4hr, the higher timeframes 'trend' is the Daily and Weekly.

Clearly , we see the Weekly is sideways narrow range bound

Daily is also sideways range bound and choppy.

Under these market type conditions and today being Friday ... Big E would not trade today.

Better find another pair where we see the Daily and Weekly are both trending with volatility.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ Sep15 TMS 15-9-2023 7-11-59 pm.png Size: 113 KB



...










...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,692
  • Sep 15, 2023 6:20am Sep 15, 2023 6:20am
Quoting emmanuel7788
{quote} EU Sep15 M15 trade update London 1030am - as the trade progress you can check the H4 candle on your M15 chart and watch the [rice action {image} ... {image}
If you have taken a trade and it has not move in your favour,

there is Rule#16 to follow.

Attached Image (click to enlarge)
Click to Enlarge Name: Rule #16 time out.png Size: 40 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,693
  • Sep 15, 2023 6:25am Sep 15, 2023 6:25am
Quoting emmanuel7788
{quote} EU Sep15 ADR levels update at London Open - new update to the ADR High-Low as the day' price action made new low and new high {image} {image}

Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep15 ADR updates at LO 15-9-2023 3-55-39 pm.png Size: 27 KB

EU Sep15 H1 ADR update London 12:30pm

- boring day session and I see a H1 has a new high for today but will this hold,

- now wait for the New York open then see what the market will bring us

Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep15 ADR update swing high 15-9-2023 7-21-32 pm.png Size: 26 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,694
  • Sep 15, 2023 6:28am Sep 15, 2023 6:28am
Quoting emmanuel7788
{quote} Big E #281 {quote} When we follow Big E' TMS 5-Method and trade according to the 4hr, the higher timeframes 'trend' is the Daily and Weekly. Clearly , we see the Weekly is sideways narrow range bound Daily is also sideways range bound and choppy. Under these market type conditions and today being Friday ... Big E would not trade today. Better find another pair where we see the Daily and Weekly are both trending with volatility. {image} ... ...

Another view of GJ pre-NYO

- no selling !

Attached Image (click to enlarge)
Click to Enlarge Name: GJ Sep15 H4 pipware market trend 15-9-2023 7-07-59 pm.png Size: 40 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,695
  • Sep 15, 2023 6:34am Sep 15, 2023 6:34am
Quoting emmanuel7788
{quote} Big E #281 {quote} When we follow Big E' TMS 5-Method and trade according to the 4hr, the higher timeframes 'trend' is the Daily and Weekly. Clearly , we see the Weekly is sideways narrow range bound Daily is also sideways range bound and choppy. Under these market type conditions and today being Friday ... Big E would not trade today. Better find another pair where we see the Daily and Weekly are both trending with volatility. {image} ... ...

GA is a better pair to trade over GJ

The price action of the Weekly and Daily look better

Attached Image (click to enlarge)
Click to Enlarge Name: GA Sep15 H4 better choice 15-9-2023 7-32-41 pm.png Size: 26 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,696
  • Sep 15, 2023 6:41am Sep 15, 2023 6:41am
Quoting emmanuel7788
{quote} Big E #281 {quote} When we follow Big E' TMS 5-Method and trade according to the 4hr, the higher timeframes 'trend' is the Daily and Weekly. Clearly , we see the Weekly is sideways narrow range bound Daily is also sideways range bound and choppy. Under these market type conditions and today being Friday ... Big E would not trade today. Better find another pair where we see the Daily and Weekly are both trending with volatility. {image} ... ...

And we have the one of the three amigos ... GU for day-trading today

How can anyone miss the 5bars swing high and True REVERSAL after Tokyo session closed.

It is sell the continuation on the Daily

Attached Image (click to enlarge)
Click to Enlarge Name: GU Sep15 H1 True REVERSAL after Tokyo close 15-9-2023 7-39-12 pm.png Size: 29 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,697
  • Sep 15, 2023 9:45am Sep 15, 2023 9:45am
Quoting tommydoginti
{quote} More on BigE’s TMS Price Action #647 in trading the TDI signals. Previous highs and lows are for planning trade levels Trends determine trade directions finally trade the TDI signals aligning with #647 Price Actions, completing a TMS trade setup. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: B17006ED-26D0-4DFA-BEAB-C7AD37261C4D.jpeg Size: 892 KB




With BigE’s TMS, follow the TDI signal and Price Action confirmation.

As response to PM, I coded the TDI indicator to provide actionable signal, rather just signifying a TDI cross, etc. I will elaborate it more later

Similar to BigE’s way of trading, spending very little time analysing chart, and alerts only for valid TMS setups, can make trading much more efficient.

Both manual analysis and my indicator only focus on the trade opportunities. Other time just no need to check chart and can do other things.

have a nice weekend

Attached Image (click to enlarge)
Click to Enlarge Name: 7EA90664-067B-43C5-A177-7C71B1A2428E.jpeg Size: 813 KB
  • #142,698
  • Sep 15, 2023 9:53am Sep 15, 2023 9:53am
Quoting emmanuel7788
{quote} Another view of GJ pre-NYO - no selling ! {image} ...
Attached Image (click to enlarge)
Click to Enlarge Name: F1481E61-CC1B-4356-96FC-64139EAB1FD5.jpeg Size: 892 KB


Develop a workflow or indicator to only signify actionable trade windows can reduce much chart time.

When using BigE’s TMS to analyse the chart at entry timeframe, identify the TMS setups at the same timeframe.

As BigE mentioned, TMS works on any timeframe. Also during trading, BigE did not change the chart including the timeframe.

Use TDI along with Price Action in post #647

Previous Highs and Lows
Trend, long and short terms
last reversals and rejections
TDI cross and bounce

Attached Image (click to enlarge)
Click to Enlarge Name: E38CBBA5-3580-4DE9-92E8-519C79DB0C60.jpeg Size: 816 KB
  • #142,699
  • Sep 15, 2023 10:46am Sep 15, 2023 10:46am
Quoting tommydoginti
{quote} {image} Develop a workflow or indicator to only signify actionable trade windows can reduce much chart time. When using BigE’s TMS to analyse the chart at entry timeframe, identify the TMS setups at the same timeframe. As BigE mentioned, TMS works on any timeframe. Also during trading, BigE did not change the chart including the timeframe. Use TDI along with Price Action in post #647 Previous Highs and Lows Trend, long and short terms last reversals and rejections TDI cross and bounce {image}
Are you planning to share this indicator?
  • #142,700
  • Edited 12:58pm Sep 15, 2023 11:19am | Edited 12:58pm
Quoting emmanuel7788
{quote} {quote} hi @korosh1350 Just read his typical reply and study his AUS200 chart. He is confirmed a loser on that chart he posted. There is no trades on his chart. Just hindsight paper trading. Hindsight is perfect 20:20 vision we can all see the highs and lows on old charts . That is how the OP used old charts and post them as training charts with entries and exits. {image} ...
hi emmanuel

i really knows every thing and trade well with h4 still don't understand how should i manage my trade and take profit . recently i begin to trade with patterns on daily to take profit and manage risk to reward but still there is problems . when i want to act like big E last candle destroy profit . when i wanna use fix target there is problems too when i want to use R still the same . really confused now
187 traders viewing now