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Trading Made Simple

  • #146,241
  • May 23, 2024 11:33pm May 23, 2024 11:33pm
My view DXY - Time zone GMT+7

The current main trend of DXY is still an up-trend for at least the next 2 weeks, Gold could reach 2300 and 2250, major currency pairs are likely to continue the downward trend by approximately at least 200 pips.
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Heo Con Lon Ton | FX and Commodities Trader
  • #146,242
  • May 24, 2024 12:50am May 24, 2024 12:50am
Quoting emmanuel7788
{quote} @tony228 the 12-2 and 4-6 applies to the Stochastics and the True REVERSAL candle setup if both the Stoch(8,3,3) and the RSI green price line shows the same price MOMEMTUM and in the same direction above or below its 5EMA,Typical Price, Shift+2 ... then we have a Big E' TMS 5-Method setup to take a trade. today that TDI 12-2 and 4-6 nonsense means very little when you have mastered how to read the candles and what they are telling you about the Price Action and what the Market Type conditions are ... ... re post #647 AU May24 H1 example,...

London 6am

AU May24 H4 close a gravestone Doji,

> all gravestone Doji candles do not have any MOMENTUM therefore the TDI green price line would be flat ...

> if the next 4Hr candle moves lower with lower low and lower Close, then the TDI green price line will tweek or bounce ...

> learn to read your candles and what the lagging TDI will show you

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,243
  • May 24, 2024 1:51am May 24, 2024 1:51am
Quoting emmanuel7788
{quote} XAU May 24 update: > Did anyone here chase after the bulls blindly following TDI signals? > it reversed ... > we are in candle #3 {image} ... {image}

XAU May24 H4 London 8am

- big candle, small candle, bigger candle ... POP Gun setup

- which direction will it pop?

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,244
  • May 24, 2024 1:58am May 24, 2024 1:58am
Quoting emmanuel7788
{quote} XAU May24 H4 London 8am - big candle, small candle, bigger candle ... POP Gun setup - which direction will it pop? {image} ...
Hi @emmanuel7788,
my view that Gold will recover to 50 and continue fall
Heo Con Lon Ton | FX and Commodities Trader
  • #146,245
  • May 24, 2024 3:23am May 24, 2024 3:23am
Quoting m1ch43l
{quote} Hi @emmanuel7788, my view that Gold will recover to 50 and continue fall
Hi

If you are interested in trading Gold and are not aware there is a thread here.

Go well / Mos
Don't limit yourself!!
  • #146,246
  • May 24, 2024 3:34am May 24, 2024 3:34am
Quoting mosiskv
{quote} Hi If you are interested in trading Gold and are not aware there is a thread here. Go well / Mos

Hi @mosiskv,
Are we only discussing simple trading methods here and not the trading perspective of any product?
Heo Con Lon Ton | FX and Commodities Trader
  • #146,247
  • May 24, 2024 3:37am May 24, 2024 3:37am
Quoting m1ch43l
{quote} Hi @mosiskv, Are we only discussing simple trading methods here and not the trading perspective of any product?
Hello

The info was just if you are interested in trading gold. You can discuss what you want here.

Go well / Mos
Don't limit yourself!!
  • #146,248
  • May 24, 2024 3:44am May 24, 2024 3:44am
Quoting mosiskv
{quote} Hi If you are interested in trading Gold and are not aware there is a thread here. Go well / Mos

LOL @mosiskv

Your are so funny with your post in this thread. Losing money trading the last 10+ years must have impaired your mental faculty.

Did you read the OP' post #495 ?

People trading Silver also made money said the OP back in 2011... that's long time ago.

Quoting eelfranz
/// Even people trading Silver with our method are winning big time. It's simple and straight forward so let's keep it that way please. I want you to win big time..


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,249
  • May 24, 2024 3:47am May 24, 2024 3:47am
Quoting mosiskv
{quote} Hello The info was just if you are interested in trading gold. You can discuss what you want here. Go well / Mos

hey @mosiskv

Obviously you did not read what the OP posted here.

Post#5 below:

Quoting eelfranz
Divergence, That was just one of many methods we discussed. Folks were getting confused by mixing up rules from different methods so this thread will only be about the 5 method.


Do you know Big E' 5-Method ?



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,250
  • May 24, 2024 3:53am May 24, 2024 3:53am
Quoting m1ch43l
{quote} Hi @emmanuel7788, my view that Gold will recover to 50 and continue fall

hi @m1ch43l

I closed all my sell trades before the price stalled. No more trades until after the US data release during the New York session.

Today is Friday and its better to wait and see how the Weekly candle close.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,251
  • May 24, 2024 4:29am May 24, 2024 4:29am
Quoting mosiskv
{quote} Hello The info was just if you are interested in trading gold. You can discuss what you want here. Go well / Mos

ah okay, i see your mind. I just came back and started my posts a few days ago even though my account was created 2 years ago. I don't know what's going on here because every Thread has a thousand pages or more.

Thanks for suggesting me
Heo Con Lon Ton | FX and Commodities Trader
  • #146,252
  • May 24, 2024 4:44am May 24, 2024 4:44am
Quoting m1ch43l
{quote} ah okay, i see your mind. I just came back and started my posts a few days ago even though my account was created 2 years ago. I don't know what's going on here because every Thread has a thousand pages or more. Thanks for suggesting me

well that member @mosiskv joined FF in 2013 and made 143 posts since. He has mental issues in this thread for years.

you do not need to read thousands of pages here.

just follow the OP posts in FF and learn how he started as a newbie forex trader and his trading journey, you will soon learn his 5-Method and how to trade without the TDI.

1485 posts and Trading Made Simple ...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,253
  • May 24, 2024 5:26am May 24, 2024 5:26am
Quoting emmanuel7788
{quote} hi @m1ch43l I closed all my sell trades before the price stalled. No more trades until after the US data release during the New York session. Today is Friday and its better to wait and see how the Weekly candle close. {image} ...

I think that in 6 hours, the candle will be close to point 50
Heo Con Lon Ton | FX and Commodities Trader
  • #146,254
  • May 24, 2024 6:14am May 24, 2024 6:14am
Quoting mosiskv
{quote} Hello The info was just if you are interested in trading gold. You can discuss what you want here. Go well / Mos

hey @Mos

We can discuss what we want here.

You can trade Gold and make $200,000 in the next 5 years?
Follow simple rules for entries and exits,, ... post #2617 and you do not need the TDI.
Trade ONCE a day only with simple rule for entry and simple rules for exits,
one entry and two exits, exit #1 is your SL , exit #2 is you TP with Risk:Reward 1:12

I did a quick back test with RR 1to12 on Daily chart.
Win Rate is only 21% and you grow USD10,000 to $247,000 the last 5 years ... 2020 to May 2024.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,255
  • May 24, 2024 6:16am May 24, 2024 6:16am
Quoting m1ch43l
{quote} I think that in 6 hours, the candle will be close to point 50



will be watching the next few hours


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,256
  • May 24, 2024 7:18am May 24, 2024 7:18am
Quoting m1ch43l
{quote} Hi @tommydoginti, What is this indicator? and is it public on Trading View? It also looks quite interesting
Hi m1ch43l,

That is my custom indicator. There are the TDI green and red lines as of the post#25 TDI red green tool.

I managed to code the post #647 price action elements to identify buy and sell windows. The same conclusion as of manual analysis.

https://www.forexfactory.com/thread/...9#post14784569

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====
Trading Made Simple 3 year summary
___________________
TMS Method rules: #144535
Performance track on an account (1 position/TMS setup): #144517 #129706, #144,852, #145,826
Risk management: #145,224, #145,497
TMS entry accuracy: #144,836, #144,853, #145,555
__________________
  • #146,257
  • May 24, 2024 7:39am May 24, 2024 7:39am
and he's back ...


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,258
  • May 24, 2024 7:47am May 24, 2024 7:47am
Quoting m1ch43l
{quote} ah okay, i see your mind. I just came back and started my posts a few days ago even though my account was created 2 years ago. I don't know what's going on here because every Thread has a thousand pages or more. Thanks for suggesting me
My suggestion would be reading the posts from the original poster of this thread, BigE Eelfranz.

If you intend to learn and apply the TMS method in your trading, then following and practicing BigE’s way of analysing the charts will be helpful to you. TDI signals with PA confirmation are good setups.
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trade well.

BigE’s TMS chart
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  • #146,259
  • May 24, 2024 7:49am May 24, 2024 7:49am
Quoting eelfranz
The 4 Hr., USD/CAD trade is up to 91 pips profit now... 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.
Do you know the 5-Method?

The OP said this several times before he started this thread.

GU May24 M5

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,260
  • May 24, 2024 8:00am May 24, 2024 8:00am
Quoting eelfranz
1st Trading Chart... Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle... {image}

Post#2 Training chart

and

Post #2617 ... spend 2 years on how to read your candles and Price Action


Quoting eelfranz
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...
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study the candles and Price Action

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then do post #2617 and strip the TDI from that Training chart, do you have the confidence to the Price Action?

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