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Trading Made Simple

  • #148,761
  • Oct 19, 2024 2:53am Oct 19, 2024 2:53am
Quoting tony228
The last trade today, just taking an short position on E/U on H1 Timeframe, the TDI and Stoch signal looks good. Trading at the first star candle appears. At the first wants to wait for the second candle, but didn't wait. Overall the E/U market is an downtrend market, but the overall setups looks good. Thinking about closing the trade before news today. {image}
Like Emmanuel and tommy the friend said, should always wait for the bar to close. Yesterday's last trade of short is an boom with loss of 10 USD. Today when I review this trade I could see its actually an total disaster. Followed the #647 but forgot one thing, which is to wait for the bar close and further confirmation signals. I get in when market gives an star, I think that it will be an down trend like previous 2 LH(it both gives stars then downtrend). But it results the structure changes and went bull from here. Maybe the expectation of news changed the direction of the market, or something.

This gives an lesson that always make sure this the bar closes and gives an clear signals.

There is an famous phrase states that "market doesn't show mercy to who trying to predict it."
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  • #148,762
  • Oct 19, 2024 3:37am Oct 19, 2024 3:37am
Quoting tony228
{quote} Like Emmanuel and tommy the friend said, should always wait for the bar to close. Yesterday's last trade of short is an boom with loss of 10 USD. Today when I review this trade I could see its actually an total disaster. Followed the #647 but forgot one thing, which is to wait for the bar close and further confirmation signals. I get in when market gives an star, I think that it will be an down trend like previous 2 LH(it both gives stars then downtrend). But it results the structure changes and went bull from here. Maybe the expectation...

@tony228

You are working hard on a Saturday ... this is what traders must make sacrifices and spend the 5 to 8 hours every day for 2 to 3 years to become better traders. To be come successful traders in that top 1% is another story.

You were trading the 1Hr ... that's where your problem was with that trade.

Waiting for the candle to close is general rule. But you can break this rule when you have mastered the 5-Method.
As I know Big E' trading style, he often enter early with candle#1 based on his chart reading skills and his experience. When he enters early like in a few of his charts, that is what we call dynamic entry. It depends on which version of the TDI you have on your chart and the overall market type conditions.
member like @Phx62 also post lots of trades with early entry.

To be safe, you always wait for the setup to be confirmed -
No.1 PA + S/R
No.2 Stoch signal and Market Type condition
No.3 TDI green price line to confirm the above

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,763
  • Oct 19, 2024 3:39am Oct 19, 2024 3:39am
Hello, wonderful people of this thread!
I'm new around here, but thanks to the fantastic info shared in this thread, I've managed to set up my chart using the indicator files. How's it looking so far? I’ve also gone through the PDF compilations this week, soaking in all the wisdom.
Fingers crossed, I'm hoping to make a little profit with this strategy! And if I do, I promise to treat you all to some fried chicken
Cheers to everyone, and thanks for all the help!
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I love fried chicken
  • #148,764
  • Oct 19, 2024 4:30am Oct 19, 2024 4:30am
Quoting tony228
{quote} Like Emmanuel and tommy the friend said, should always wait for the bar to close. Yesterday's last trade of short is a boom with loss of 10 USD. Today when I review this trade I could see its actually a total disaster. Followed the #647 but forgot one thing, which is to wait for the bar close and further confirmation signals. I get in when market gives a star, I think that it will be a down trend like previous 2 LH(it both gives stars then downtrend). But it results the structure changes and went bull from here. Maybe the expectation of...
Hi Tony

That 1 hour candle finished bearish at close and there was a cross with good PA so I also jumped on a short as well. I don't trade with a TDI but I scalp Forex with a SMI Stoch indy instead .... AND..... they both suggested a short was valid.

It was a trap and they played their hand beautifully (they even created strong bearish Delta to suck in DOM traders) - you win some and you lose a few.
What I am saying is it was a great TRAP that sucked in traders who use many different strategy's, not just 5 Method traders.

Emmanuel will probably rip me to shreds over this post - good luck anyway'

Cheers
Trading thin liquidity at the boundary of the charts
  • #148,765
  • Oct 19, 2024 8:11am Oct 19, 2024 8:11am
I am studying TMS v19 but I can't configure it correctly
Could someone please help me, thank you.
It would be good to create a telegram group for live entries or questions from people operating
what do you say to me?
  • #148,766
  • Oct 19, 2024 8:13am Oct 19, 2024 8:13am
looking for long next week .... GU on target
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Fake it till you make it
  • #148,767
  • Oct 20, 2024 12:10am Oct 20, 2024 12:10am
Quoting Miloncef
looking for long next week .... GU on target {image}
Yep looks good. AU and EU similar. Obviously you would only trade one.
UJ Short as well with above caveat.
  • #148,768
  • Oct 20, 2024 12:23am Oct 20, 2024 12:23am
Quoting Miloncef
looking for long next week .... GU on target {image}
Always update your Big Picture after Oct18 Friday New York closed at 5pm.

The Monthly swing levels are the same (violet lines)

Weekly shows a narrow range week.

The Weekly High-Low is where your maximum risk for the week.

Weekly

- previous week 41 candle has the control

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Daily
- there is no TMS 5-Method setup S/U at the moment.
- obvious there is not swing low + True REVERSAL candle,
- 5EMA is flat
- we need to wait for the S/U candle

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> Be PATIENT ...

> What can we trade on Monday Oct21?
> London Market Trading - GBP/USD - 15 Minute Chart
> see post #97
> read the old thread page 1 post #1 to page 11 post #202


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,769
  • Oct 20, 2024 12:31am Oct 20, 2024 12:31am
Quoting diegodrid3h
I am studying TMS v19 but I can't configure it correctly Could someone please help me, thank you. It would be good to create a telegram group for live entries or questions from people operating what do you say to me?

@diegodrid3h

There is Manual with all the explanation.
https://www.forexfactory.com/thread/...6#post12871196


Your chart should look like this to start with and to follow Big E' post #1, post11, post 261 and post #647.

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TMS_V19 alerts settings

- this is TMS 5-Method Basic setup post #261
- these few will provide the best setup signal alerts

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Be specific with your questions.
What do you want me to explain.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,770
  • Oct 20, 2024 12:36am Oct 20, 2024 12:36am
Quoting emmanuel7788
{quote} Always update your Big Picture after Oct18 Friday New York closed at 5pm. The Monthly swing levels are the same (violet lines) Weekly shows a narrow range week. The Weekly High-Low is where your maximum risk for the week. Weekly - previous week 41 candle has the control {image} Daily - there is no TMS 5-Method setup S/U at the moment. - obvious there is not swing low + True REVERSAL candle, - 5EMA is flat - we need to wait for the S/U candle {image} > Be PATIENT ... > What can we trade on Monday Oct21? > London Market Trading - GBP/USD -...
Hi Emmanuel

Can you explain what 'previous week 41 candle has the control' means. Is it because the previous week was unable to close outside week41 range?
  • #148,771
  • Oct 20, 2024 12:45am Oct 20, 2024 12:45am
Quoting KFCchicken
Hello, wonderful people of this thread! I'm new around here, but thanks to the fantastic info shared in this thread, I've managed to set up my chart using the indicator files. How's it looking so far? I’ve also gone through the PDF compilations this week, soaking in all the wisdom. Fingers crossed, I'm hoping to make a little profit with this strategy! And if I do, I promise to treat you all to some fried chicken Cheers to everyone, and thanks for all the help! {image}

@KFCchicken

I love fried chicken... all kinds. Korean spicy ones are great.

You need to correct your chart since you are starting new here.
- your ema is not correct
- chronological order following the OP' post, the Stoch Slope comes first
- then the TDI was added on later.

Trading Made Simple 5-Method is a top down trading approach.
No. 1 is the Price Action
No. 2 is the Stoch(8,3,3) %K line crosses the %D line with steep slope * True REVERSAL candle
No. 3 is the TDI' TSI green price line to confirm the price MOMENTUM

Attached Image (click to enlarge)
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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,772
  • Edited 6:04am Oct 20, 2024 5:35am | Edited 6:04am
[quote=emmanuel7788;15034190]{quote} @KFCchicken I love fried chicken... all kinds. Korean spicy ones are great. You need to correct your chart since you are starting new here. - your ema is not correct - chronological order following the OP' post, the Stoch Slope comes first - then the TDI was added on later. Trading Made Simple 5-Method is a top down trading approach. No. 1 is the Price Action No. 2 is the Stoch(8,3,3) %K line crosses the %D line with steep slope * True REVERSAL candle No. 3 is the TDI' TSI green price line to confirm the price MOMENTUM {image} ...[/quote
Thanks for helping to many traders for free.
I think that you have a Wonderful heart.
God bless you and give you good health and long life to keep doing what you love ,trading is your passion.
""TP is whatever you can get before it goes against you.""
  • #148,773
  • Oct 20, 2024 8:00am Oct 20, 2024 8:00am
Quoting emmanuel7788
{quote} hi @lyncc I see a winning trade. Please answer my simple question. Do you consider yourself to be a successful trader? ...
Simple answer, Yes.
  • #148,774
  • Oct 20, 2024 12:28pm Oct 20, 2024 12:28pm
Quoting lynnc
{quote} Simple answer, Yes.
congratulations.
thank you for the simple answer.
we can make sensible discussion now.

Quoting lynnc
{quote}Ok it all makes sense now, I don't like taking trades that far from the MA because it will usually return to it, I took mine after a higher high, higher low, divergence and a TDI cross, with the h4 candle not looking the opposite, which is my normal way of entering, either on m30 or H1. {image}
regarding your winning trade, I have another simple question.
I see the entry market, the stop loss being moved above entry price, and the exit TP.

What is the risk reward for that buy trade?

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,775
  • Oct 20, 2024 12:31pm Oct 20, 2024 12:31pm
Quoting 1dominican
Quoting emmanuel7788
{quote} @KFCchicken I love fried chicken... all kinds. Korean spicy ones are great. You need to correct your chart since you are starting new here. - your ema is not correct - chronological order following the OP' post, the Stoch Slope comes first - then the TDI was added on later. Trading Made Simple 5-Method is a top down trading approach. No. 1 is the Price Action No. 2 is the Stoch(8,3,3) %K line crosses the %D line with steep slope * True REVERSAL candle No. 3 is the TDI' TSI green price line to confirm the price
...

thanks @1dominican.

I have much more which I believe I can help you in this thread to become a better trader.

Just ask me whatever comes to mind.


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,776
  • Oct 20, 2024 12:49pm Oct 20, 2024 12:49pm
Quoting emmanuel7788
{quote}{quote} thanks @1dominican. I have much more which I believe I can help you in this thread to become a better trader. Just ask me whatever comes to mind. ...
Thanks
i wll focus to trade weekly and daily chart only
I will wayto reenter short US 30
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""TP is whatever you can get before it goes against you.""
  • #148,777
  • Oct 20, 2024 12:58pm Oct 20, 2024 12:58pm
look like trading is becoming a hobby to some of yall. good luck to all hard working traders here.
  • #148,778
  • Oct 20, 2024 1:06pm Oct 20, 2024 1:06pm
Quoting shertiger
{quote} Hi Emmanuel Can you explain what 'previous week 41 candle has the control' means. Is it because the previous week was unable to close outside week41 range?

The Week 41 had close below the previous week candle low.

This makes Week 41 the new Weekly Control Candle WCC ... with its high 1.3135 and low 1.3022.

Week 42, last week did not close below the WCC Low. It is also a small body candle with long upper and lower wicks.

In the 5-Method Price Action analysis, we are in a narrow range sideways market type.

Week 39 is the confirmed Swing High, with two lower high candles on both sides. There is a Fractal above Week 39.

Technically, I form a bearish bias for next week. TMS 5-Method APB/HA candles below 5EMA for direction.

Risk management and control is Week 41 High. This is rather tight for 4H swing trading but there is potential for possible breakout.

For Week 43 trade planning next week, I would be trading TMS_EVO_IX with multiple entries multiple exits(MEME). Trading baskets with Positions building within the high of Week 41 and Low of Week 42.
Note, Week 42 did not close below Week 37 Low, this is a risk.
Early selling started in Week 40 for Position traders for the Daily/Weekly TMS_EVO Swing Traders.

Check next week news and events for Fundamental suppport

GBPUSD

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,779
  • Oct 20, 2024 1:11pm Oct 20, 2024 1:11pm
Quoting havenoidea
look like trading is becoming a hobby to some of yall. good luck to all hard working traders here.


I have several hobbies.

Trading retail spot forex here is NOT any of my hobbies.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,780
  • Oct 20, 2024 1:24pm Oct 20, 2024 1:24pm
Quoting 1dominican
{quote} Thanks i wll focus to trade weekly and daily chart only I will wayto reenter short US 30 {image} {image}

Do Not use TDI for trading US Markets.

Big E and I did not use any indicators when we were trading the US markets in the 1990s.

We have a collection of strategies in the system trading we traded for more than 30 years.

This is one for Dow, S&P500 and Nasdaq.

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