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Monitor for 'Trading Made Simple' system 565 replies

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

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #148,261
  • Sep 29, 2024 3:55pm Sep 29, 2024 3:55pm
Quoting tommydoginti
{quote} Hi Miloncef, Sure. BigE’s TMS trade 1 #6628 {image} BigE’s TMS trade 2 #8906 {image} BigE’s favourite TMS setup: TDI signals with retrace from 32/68 level #11148 {image}

thank you 2, you are doing a good work with perfect trading style
Fake it till you make it
  • #148,262
  • Sep 29, 2024 4:34pm Sep 29, 2024 4:34pm
Quoting eelfranz
Good 4h trade ... {image}
Big E #8906

there is more to learn when you want to trade the 5-Method which is simply price action and to confirm the PA with Stoch and TDI

Its look complicated to the new traders. But is is very simple. All appears in chronological order of the development.

No. 1 is the Price Action
No.2 is the Stoch (8,3,3) signal for the True REVERSAL
No.3 is the TDI' RSI green price line to confirm the PA and Stock signal.


Follow the OP' post #2617 and spend the two years, then you strip the lagging indicators - TDI from your charts.


Attached Image (click to enlarge)
Click to Enlarge Name: Big E #8,906.png Size: 49 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,263
  • Sep 29, 2024 4:42pm Sep 29, 2024 4:42pm
Quoting Miloncef
{quote} thank you 2, you are doing a good work with perfect trading style

@Miloncef

there is no perfect trading style. No such nonsense and the OP has already stated that many times.

IF you still believe there is a perfect trading style, then you will be wasting the next two years pursuing that dream.
Rather spend the next two years and do what the OP has stated in his post #2617.
https://www.forexfactory.com/thread/...18#post4619118

Quoting eelfranz
Good 4h trade ... {image}
Learn to read the candles on your chart. Master doing that and you will become a better trader.


Attached Image (click to enlarge)
Click to Enlarge Name: Big E #8906.png Size: 56 KB




....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,264
  • Sep 29, 2024 4:47pm Sep 29, 2024 4:47pm
Quoting emmanuel7788
New York Sunday Sep 29 5PM - do you trade the Sunday candle? ...

TMS Monitor Week 40

Sep 30 4H EUR and GBP crosses

- last trading day for this Month

- the next 4Hr trade window

- is quite obvious which side of the market you want to be in



Attached Image (click to enlarge)
Click to Enlarge Name: TMS Mon Sep30 EURGBP crosses 30-9-2024 7-30-50 am.png Size: 9 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,265
  • Sep 29, 2024 4:51pm Sep 29, 2024 4:51pm
Quoting emmanuel7788
{quote} TMS Monitor Week 40 Sep 30 4H EUR and GBP crosses - last trading day for this Month - the next 4Hr trade window - is quite obvious which side of the market you want to be in {image} ...

EURAUD Sep30 4Hr

- waiting 1hr 9min

Attached Image (click to enlarge)
Click to Enlarge Name: EA Sep30 TOK 30-9-2024 7-50-24 am.png Size: 45 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,266
  • Sep 29, 2024 4:54pm Sep 29, 2024 4:54pm
Quoting emmanuel7788
{quote} TMS Monitor Week 40 Sep 30 4H EUR and GBP crosses - last trading day for this Month - the next 4Hr trade window - is quite obvious which side of the market you want to be in {image} ...

GBPNZD Sep30 4Hr

- waiting

Attached Image (click to enlarge)
Click to Enlarge Name: GN Sep30 4Hr TOK 30-9-2024 7-53-04 am.png Size: 46 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,267
  • Sep 29, 2024 5:19pm Sep 29, 2024 5:19pm
Quoting Miloncef
{quote} thank you 2, you are doing a good work with perfect trading style
Quoting eelfranz
E-U Entry training Chart - Examples {image}
post #10,736 is an example of a perfect 4H trading ... many will say it is done in hindsight,

BUT has anyone here trade this perfect trading style in real-time live market conditions with a win rate of 85%?

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #10,736 chart.png Size: 73 KB


> study the chart above, how often the OP has broken his own rules

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,268
  • Sep 29, 2024 5:53pm Sep 29, 2024 5:53pm
Several DMs from Telegram groups:

What is counter-trend trading?

When to trade counter-trend?

In this Trading Made Simple thread, the OP started this thread to help traders trade higher timeframes predominantly 4H, Daily and Weekly.

Here we view the market using a top down approach - Monthly , Weekly , Daily and 4H

Monthly view is to look at the historical swing levels for medium to long term swing trading.

Weekly is to help us see the Market Type conditions - IF the market it is trending or sideways.

Big E' trading style will not work in sideways narrow ranged market type conditions. This where most new traders here have failed the last 15 years.


Market Trends


Attached Image (click to enlarge)
Click to Enlarge Name: Market Trends W1 D1 H4.jpg Size: 46 KB



Counter-trend trading TMS

During volatile Weekly market conditions, there are price swing in the lower timeframes like the 4H,
this is where we can take counter-trend trades which are against the Weekly Price Action.

This is how the OP would be scalping the 4Hr and with quick exit .

Attached Image (click to enlarge)
Click to Enlarge Name: Market_trends.jpg Size: 99 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,269
  • Sep 29, 2024 7:30pm Sep 29, 2024 7:30pm
short short Cadjpy. it's long period trade
+18 pips so far
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  • #148,270
  • Sep 29, 2024 10:05pm Sep 29, 2024 10:05pm
Quoting emmanuel7788
{quote} TMS Monitor Week 40 Sep 30 4H EUR and GBP crosses - last trading day for this Month - the next 4Hr trade window - is quite obvious which side of the market you want to be in {image} ...

TMS Monitor Sep30 4H PDT 10PM

- worth a thorough investigation

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Mon Sep30 4H 10PM PST 30-9-2024 1-00-19 pm.png Size: 9 KB



TMS_V19 EA information to help you

Attached Image (click to enlarge)
Click to Enlarge Name: EG Sep30 4Hr 10PM PDT 30-9-2024 1-01-17 pm.png Size: 43 KB




...


....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,271
  • Sep 30, 2024 11:22am Sep 30, 2024 11:22am
Hmy short set up using 5m chart
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""TP is whatever you can get before it goes against you.""
  • #148,272
  • Sep 30, 2024 9:06pm Sep 30, 2024 9:06pm
Quoting emmanuel7788
{quote} @Miloncef Do you have a plan to become more successful and profitable in your trading? Are you prepared to make some sacrifices and spend 5 to 8 hours every day for the next 2 to 3 years? The OP Big E has the answer for you. And I will share a plan with you and all here who are interested. ...
I'm interested @Emmanuel
  • #148,273
  • Edited 1:01am Oct 1, 2024 12:22am | Edited 1:01am
Quoting emmanuel7788
{quote} Big E #8906 there is more to learn when you want to trade the 5-Method which is simply price action and to confirm the PA with Stoch and TDI Its look complicated to the new traders. But is is very simple. All appears in chronological order of the development. No. 1 is the Price Action No.2 is the Stoch (8,3,3) signal for the True REVERSAL No.3 is the TDI' RSI green price line to confirm the PA and Stock signal. Follow the OP' post #2617 and spend the two years, then you strip the lagging indicators - TDI from your charts. {image} ...
all 3 printed
im short gbpusd
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""TP is whatever you can get before it goes against you.""
  • #148,274
  • Oct 1, 2024 2:24am Oct 1, 2024 2:24am
Price Action at Support and Resistance

Do you know the PASR?

GU
Attached Image (click to enlarge)
Click to Enlarge Name: GU Oct 01 bounce1-10-2024 5-18-01 pm.png Size: 44 KB



GJ

Attached Image (click to enlarge)
Click to Enlarge Name: GJ Oct01 BEEOB 1-10-2024 5-18-26 pm.png Size: 43 KB

GC
Attached Image (click to enlarge)
Click to Enlarge Name: GC Oct01 DBHLC 1-10-2024 5-19-11 pm.png Size: 45 KB





...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,275
  • Oct 1, 2024 2:38am Oct 1, 2024 2:38am
Quoting emmanuel7788
{quote} TMS Monitor Sep30 4H PDT 10PM - worth a thorough investigation {image} TMS_V19 EA information to help you {image} ... ....

EG Oct01 4Hr Update

- Daily remains sideways choppy

Attached Image (click to enlarge)
Click to Enlarge Name: EG 4Hr UPDATE CHOPPY 1-10-2024 5-36-36 pm.png Size: 45 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,276
  • Oct 1, 2024 4:23am Oct 1, 2024 4:23am
Eurjpy
im short
if price move back above the ib, im will exit st
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""TP is whatever you can get before it goes against you.""
  • #148,277
  • Oct 1, 2024 4:28am Oct 1, 2024 4:28am
Quoting emmanuel7788
{quote} EG Oct01 4Hr Update - Daily remains sideways choppy {image} ...
i see side way but i see a daily bar above it open with price making a lower low and tdi/stoch making a hl
for me this is a buy with my st loss below last swing low
Attached Image (click to enlarge)
Click to Enlarge Name: 1 PP.png Size: 27 KB
""TP is whatever you can get before it goes against you.""
  • #148,278
  • Oct 1, 2024 4:58am Oct 1, 2024 4:58am
Quoting 1dominican
Eurjpy im short if price move back above the ib, im will exit st {image}
For scalping using 15 chart is time to take profit .
reenter short if price trade back below last swing low
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""TP is whatever you can get before it goes against you.""
  • #148,279
  • Oct 1, 2024 5:12am Oct 1, 2024 5:12am
Quoting 1dominican
{quote} i see side way but i see a daily bar above it open with price making a lower low and tdi/stoch making a hl for me this is a buy with my st loss below last swing low {image}
i exit with a loss.
reason to go long is not longer there,i mean price closed below the open 5 m chart
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""TP is whatever you can get before it goes against you.""
  • #148,280
  • Edited 2:47pm Oct 1, 2024 2:08pm | Edited 2:47pm
Quoting 1dominican
{quote} i exit with a loss. reason to go long is not longer there,i mean price closed below the open 5 m chart {image}
I reentered long and held for a daily bounce to the upside.
On daily chart You can see 2 swing low printed = doble fondo
a swing low is a bar with a higher low to the left and a higher low to the right, that start of #1 leg for the W buy set up;i mean if the #1 swing low hold.
what i see here is that #1 swing low held and price made a #2 swing low that went lower that the #1 swing low but price went back up and close above the low=stoploss hunt i guess
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""TP is whatever you can get before it goes against you.""
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