Trading Made Simple

Quoting theblessed7

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{quote} Master, could you show us charts where the +9R to +12R targets tend to be reached?

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Quoting eelfranz

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Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.

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Quoting eelfranz

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Those wanting more examples go to Forum: Commercial, then Craig Harris Stochastics Method... then start reading on page 246, post 3676 to the end... you will learn more fast... We switched from there to only discuss this method in the new forum...

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Quoting SnowManF

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Have not traded in a while was dealing with some issues with my propfirm but everythings sorted out and entered this EU on the most recent 1hr candle. If have any toughts or see something off im here to listen and to learn. {image}

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Quoting emmanuel7788

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{quote} YES. I am still trading the same OP' 5-Method ... and I developed several systems with different Money Management strategies. The current system is TMS_EVO_IX and you can follow my trade report in this thread. July 2024 TMS_EVO_IX , https://www.forexfactory.com/thread/...2#post14954142 https://www.forexfactory.com/thread/...7#post14954147 {image} I will post my August month-end closing after this Friday market close. ...

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Quoting emmanuel7788

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{quote} I am sorry I was looking at the current setup. That previous setup looks okay except the recent swing highs/swing lows ... were bearish. Some of these trade setup will end up losers. Just accept that as 50%. This happens a lot in sideways ranging market conditions. You need to follow through the next setup and recover any loss trade minus 1R with +3R trades. {image} When the market is wide range and trending, then that is when we hit those +9R to +12R trades and make our money. ...

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Quoting emmanuel7788

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Friday Aug30 - for those trading the Daily charts, you need to trade only once a day - for those having day jobs, you choose which hour of the day you are available to trade TMS 8 pairs Aug 30 - pick only the 'trending' pairs - PA is the HA candles, 5EMA is the direction, - remember sometimes the PA pulls back to the 5EMA then bounces off ... - you need only one good trade to close the trading day. {image} ...

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Quoting emmanuel7788

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Friday Aug30 - for those trading the Daily charts, you need to trade only once a day - for those having day jobs, you choose which hour of the day you are available to trade TMS 8 pairs Aug 30 - pick only the 'trending' pairs - PA is the HA candles, 5EMA is the direction, - remember sometimes the PA pulls back to the 5EMA then bounces off ... - you need only one good trade to close the trading day. {image} ...

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Quoting emmanuel7788

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{quote} Today is Friday, for intraday trading we can buy and sell on the same day. Look for swing high, swing low, whichever comes first, ... then the True REVERSAL candle setups. AUDUSD Aug30 1Hr - BRN 6800 ... {image}

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Quoting emmanuel7788

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{quote} Reply to Telegram DM: - USDCHF Aug30 Daily > this is not a Buy setup if you follow the rules in post #261 and post#647 > but it is a BUEOB Daily candle ... which has MOMENTUM {image} ...

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Quoting Khuedz

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{quote} Thank you, How many pips do you use for stop loss per trade?

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Quoting emmanuel7788

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{quote} Big E is the Master of his thread and he said these: #281 {quote} then he said this #336 {quote} and lot more posts in his old thread, for example when price pulled back to the 5EMA and bounce off, etc... you add-on multiple entries with locked-in profits, ... this will add all the R profits ... "Cut-Losses-Short" minus 1R ... "Let Profits Run" 7R + 4R = 11R {image}

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Quoting ntk

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{quote} Could you pls confirm that your method is like Big E started with in his post #1, chart H4, HA candle with EMA5, and you are using HA standard, i guess ABP_Heiken Ashi not the Heiken Ashi smoothed, and your EMA5 has which shift 0 or 3 or 5? I follow the thread from beginning it makes sense when I see the posted messages & pictures, but in reality when check with GU many times, when I see 2nd HA bar crossed EMA5 that is too late entry. I would have to set shift 5 the EMA5 if I want to see HA candle collor change && 2 candles crossed the EMA5...

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Quoting eelfranz

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So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY. Snarlyjack - Good to hear from you old friend. We have stood back to back in battle more than a few times. May your trades be blessed buddy. Come visit more often. Big E

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Quoting eelfranz

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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...

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Quoting eelfranz

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///If I do any day trading I'll use 1hr charts at news time. Any method and any timeframes are difficult and fast on the 5-15 min charts. That's where most traders get taken to the slaughter and the dealers know it which puts the odds in their favor... I hate to monitor charts anyway. 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... look...

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Quoting emmanuel7788

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{quote} same OP' post #11 above, How many here are day traders? Did you trade the 1Hr charts like the OP said ? That USDCHF buy got stopped out with that small stop loss https://www.forexfactory.com/thread/...3#post14980993 It would have difficult to survive the volatility-based stop loss. {image} ...

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Quoting emmanuel7788

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{quote} same OP' post #11 above, How many here are day traders? Did you trade the 1Hr charts like the OP said ? That USDCHF buy got stopped out with that small stop loss https://www.forexfactory.com/thread/...3#post14980993 It would have difficult to survive the volatility-based stop loss. {image} ...

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Quoting emmanuel7788

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{quote} New York is closed. Time to review how many 4Hr trades this week like the OP said in his post #11 above. Anyone here managed to make 200 to 500 pips this week? TMS 8 Pairs 4Hr Week 35, Aug 26 to 30 {image} ...

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Quoting emmanuel7788

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{quote} Good to read, re-read all the OP' posts again .... post #12,912 below {quote} {image} ...

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