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Trading Made Simple

  • #147,621
  • Aug 2, 2024 7:15am Aug 2, 2024 7:15am
UJ Aug02 NFP during this 4Hr candle

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,622
  • Aug 2, 2024 8:23am Aug 2, 2024 8:23am
Quoting rehmatkhan00
{quote} If it is also confirmed by 4hr, it will become high probability setup. {image}
wowwwwwwwwwwwwwwwwwwwwwwwwww what a confirmation by 4hr
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  • #147,623
  • Aug 2, 2024 10:01am Aug 2, 2024 10:01am
After a good morning and a crappy afternoon - NFP helped me out and I rode the EURUSD all the way up and secured 6% for the day. And 10% for the week.

Will post examples of some of the good and bad trades I made today. Been sitting at the computer trading and waiting for 11 hours - so need to get a bit fresh air now
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  • #147,624
  • Aug 2, 2024 10:06am Aug 2, 2024 10:06am
But isnt it gambling trading during NFP?
  • #147,625
  • Aug 2, 2024 10:23am Aug 2, 2024 10:23am
Quoting SnowManF
But isnt it gambling trading during NFP?
If you enter a trade or pending order right around when the news comes out - it can be a very big gamble. But it can also give you a huge reward - If you got in on the right move today you could have made 10% in a few minutes. But you could also have lost a fuckton of money - price moves so fast and will ignore your stoploss or slippage will take out your stoploss right after you entered the trade.

That's only something I do if I'm up big and then I use very little risk.


But if you WAIT and take a good look at the numbers of the news and then let the big players do their liquidity grabs and manipulation. You will have time to see how the marked settles and analyze the higher timeframes to look where a really big move could go. Daily and weekly.

Then you can WAIT some more and enter when a candle retraces and makes a new break of the previous candle high/low and you can enter the trade with a very positive outcome. Today I did this on the 15 min timeframe and since price was rallying up I entered multiple times.

But there is always a higher risk involved with trading an hour +- big news.

And this is not the normal way i trade - but the entry kinda is.
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  • #147,626
  • Aug 2, 2024 1:33pm Aug 2, 2024 1:33pm
Quoting emmanuel7788
{quote} The first question would be : Do you trade the 4Hr at that time of day and market session? Big E would trade the 1Hr during the first 3 hours of the New York open session. In fact he would be trading the 1Hr if he live in the London time zone. Now lets look at the chart, 1. What was the market type conditions before that setup candle? >>> sideways ranging and there is a swing low... support" 2. Do you want to sell at that hour of the day and expect a swing of 3 to 8 candle run? 3. The setup S/U candle was good ... BEEOB which has MOMENTUM...

As you mentioned looking at price action since it is ranging I feel it is better to trade smaller lot size or completely skip this trade. But if I had taken this trade, I would close my trade when the TDI crosses again to the upside. That would be my exit. So EXIT 1.
But BUEOB happened before TDI cross. Which is a good signal to close? BUEOB happened while TDI was making a check mark reversal. So the green TDI doesn't have cross up?
Btw, Thanks for the PDF collections you have posted in earlier posts, it is helping me to read the Big E method efficiently.
strip things naked
  • #147,627
  • Aug 3, 2024 3:11am Aug 3, 2024 3:11am
Quoting SnowManF
But isnt it gambling trading during NFP?
YES, Trading on Friday when there is NFP is gambling .

We all know from post #557, the OP was a 'gambler' with his USD10,000
"The money I put into my last trading account ($10,000) I don't even think about it. It's like the money you take to Las Vegas. You hope to win but don't often... Your taking money for entertainment and relaxation... So I don't give it a second thought... It's entertainment money as I said... Besides It always grows larger..."

"The only reason I deposited that amount is because I trade full lots and some trades have 2-4 lots on a trade... or I'll add additional lots as the trade is in progress.. no big deal..."

>>> And we also know, he did not trade on Sunday and Friday.

post #7622

"I trade the US Open first 2-3 hours on the 1 hr charts and then pretty much don't trade again until 10pm my time (2 hours before the London Open) and then it's on the 4 hr charts. I check any trades at 2am my time (Pacific) and then close all 4 hr trades at 6am my time.... and switch to hourly charts again. Some days I don't trade like Sunday or Friday."

post #4678
"Sorry guys... lost track of time... forgot it's Friday.... I'll keep looking for set ups for Monday... Have a great weekend..."

>>> many other posts where he talked about not trading on Friday when there is US red news.

Some traders here get euphoric when they traded NFP yesterday and got a winner. They got lucky.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,628
  • Aug 3, 2024 7:38am Aug 3, 2024 7:38am
Quoting emmanuel7788
{quote} post #4678 "Sorry guys... lost track of time... forgot it's Friday.... I'll keep looking for set ups for Monday... Have a great weekend..." >>> many other posts where he talked about not trading on Friday when there is US red news. Some traders here get euphoric when they traded NFP yesterday and got a winner. They got lucky. ...
Thanks for the response and clarification! Did OP mention why he did not trade on sundays and fridays?
  • #147,629
  • Aug 3, 2024 12:48pm Aug 3, 2024 12:48pm
Quoting rehmatkhan00
{quote} wowwwwwwwwwwwwwwwwwwwwwwwwww what a confirmation by 4hr {image}
Good trade.

Some good TMS but setups as price reversed at at around 1.271 a previous H/L price level.

I entered a TMS bounce entry.

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  • #147,630
  • Aug 3, 2024 12:57pm Aug 3, 2024 12:57pm
Quoting tommydoginti
{quote} More on profitability of BigE's TMS method. {image} {image}
Bonjour everyone. Greetings from somewhere

Only traded 3 positions in past 1 month, +11%.

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Been off from trading and FF TMS thread for a short while. Double effort to get work done and then travel and witness some fantastic sports! Must support athletes from HK as 2 of them are from my high school!

I have got PMs pending. Will get back when I come home soon.

Enjoy.

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Congratulations Siobhan!
  • #147,631
  • Aug 3, 2024 1:16pm Aug 3, 2024 1:16pm
Quoting rehmatkhan00
{quote} thanks brother and I have used it for a week. I found it really profitable and accuracy is around 70-80 percent if you follow only 4hr timeframe.
Hello Regmatkhan00,

Good for you! I can also say TMS method is profitable and simple as long as the trader stick to the rules of the method.

TDI with the price actions in post #647 are the most important.

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Keep on the good work!
  • #147,632
  • Aug 3, 2024 6:57pm Aug 3, 2024 6:57pm
Quoting SnowManF
{quote} Thanks for the response and clarification! Did OP mention why he did not trade on sundays and fridays?
Yes. He mentioned several reasons based on his own experience back then between 2006 and 2010 in those markets conditions.

Based on my own trading since 2008, it all depends on the Market Type conditions, for example for the Market Type 1 ... Trending Market, you can trade on Sundays and Fridays.

Study his training charts and you will learn on your own and "follow simple rules for entries and exits" ... post #2617....
and you will achieve higher success.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,633
  • Aug 4, 2024 7:29am Aug 4, 2024 7:29am
Quoting rehmatkhan00
{quote} wowwwwwwwwwwwwwwwwwwwwwwwwww what a confirmation by 4hr {image}
There are H4 rejection candles on your chart and if you had the Daily support/resistance levels on you chart, that would support counter-trend trades .

@tommydog... hindsight chart he missed the Price Action + Supp/Res setup and his paper trade entry were very late.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,634
  • Aug 4, 2024 7:41am Aug 4, 2024 7:41am
Quoting emmanuel7788
{quote} There are H4 rejection candles on your chart and if you had the Daily support/resistance levels on you chart, that would support counter-trend trades . @tommydog... hindsight chart he missed the Price Action + Supp/Res setup and his paper trade entry were very late. {image} {image} ...
You can't fairly call it a paper trade when his entry and exit prices are taken from his myfxbook page.
  • #147,635
  • Aug 4, 2024 7:50am Aug 4, 2024 7:50am
Quoting lynnc
{quote}You can't fairly call it a paper trade when his entry and exit prices are taken from his myfxbook page.
he got you fooled too.

that's what we all can see on his hindsight chart analysis,

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,636
  • Aug 4, 2024 8:35am Aug 4, 2024 8:35am
Next week Aug 05 to Aug 11


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,637
  • Aug 4, 2024 8:57am Aug 4, 2024 8:57am
Quoting emmanuel7788
Next week Aug 05 to Aug 11 {image} ...

AUD pairs for Week 32
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,638
  • Aug 4, 2024 8:59am Aug 4, 2024 8:59am
Quoting emmanuel7788
Next week Aug 05 to Aug 11 {image} ...

USD Major for Week 32

- CAD for Friday

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,639
  • Aug 4, 2024 12:05pm Aug 4, 2024 12:05pm
Quoting lynnc
{quote}You can't fairly call it a paper trade when his entry and exit prices are taken from his myfxbook page.
Hi Lynnc, good to see you here in the TMS thread!

Emmanuel7788 is a hater and troll here on the forum targeting other TMS traders. I agree with regmatkhan00, he is just a useless piece of shit.

There is no point reading or responding trolls and their nonsense, both useless and not affecting your trading at all.
Just ignore them

Quoting rehmatkhan00
{quote} you are such a useless piece of shit, always talking nonsense

I rather enjoy spending some of my profit trading the TMS method, like traveling and enjoying activities.

The badminton men double final just finished, such a great match! Malaysia vs Denmark was more exciting to watch but China vs Taiwan was historical (gold in 2 olympics for Taiwan). Sport climbing will be on in the next few days
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As of our previous communications on TMS, I am still applying the same approach that we discussed.
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Trade well for you!
  • #147,640
  • Aug 4, 2024 5:04pm Aug 4, 2024 5:04pm
Quoting eelfranz
Davio, Many threads are full of bickering, name calling, hatefulness... that's a bunch of crap. We are all here to share a simple method and help traders make money... cut down their learning curve if possible... I never mean to hurt others feelings but we are all about making money trading... helping each other... When someone gets out of line and causing problems they get banned from the thread... we don't need the grief here... Your welcome here as well as many others. We want to see you to become successful...
I recommend remembering Big E's words and and remember why he created this thread it would be nice if we all worked together to grow improve and become good profitable traders with this simple strategy!

Ganna start demo trading 1Hr TF during the first hours of london session to see how it goes!
Also Big E's mentioned that he closes all his 4hr trades and focusses on the 1hr TF does anyone do that still or what are you doing?
And if my 1hr entry turns into 4hr set up which should i follow for exits with the tdi signal the 4 hr tf or the 1hr tf any recomendations?

Happy Pippies and have an amazing trading week everyone!
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