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Trading Made Simple

  • #148,821
  • Oct 21, 2024 6:59pm Oct 21, 2024 6:59pm
Quoting Miloncef
{quote} thanks for ur answer so u mean that should i work in 4H TF

there is a lot more than just 4Hr TF.

you have a several more things to consider in your next trade.

In addition to posts #261 and #647,

is this post #4746 are more 'rules' when you want become a rules-based discretionary trader.

Big E #4746 below

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #4746.png Size: 31 KB


So much can be simplified to using an EA like TMS_V19 technical analysis information.



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,822
  • Oct 21, 2024 7:11pm Oct 21, 2024 7:11pm
Quoting 1dominican
{quote} thanks. are still long gold or it was just a short term trade? any bias for a daily chart trade any market? There is power in the numbers if i like your trade after i checket it ou there will be Alignment a lot traders entering the same trade
GOLD is at new all time highs

when market is at an all time high we do not know how much higher it will go.
we can buy the dips.

we can day-trade in the trending market condition and we can swing trade the trending market with more caution.

what is very important is your entries and exits technique - know the rules for "Cut-Losses-Short" and "Let Profits Run".

2800 is the next psychological level

remember we need a Risk:Reward of 1:2 minimum for all trades.

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Week 43 break WRB 22-10-2024 10-07-25 am.png Size: 16 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,823
  • Oct 21, 2024 7:14pm Oct 21, 2024 7:14pm
Quoting emmanuel7788
{quote} there is a lot more than just 4Hr TF. you have a several more things to consider in your next trade. In addition to posts #261 and #647, is this post #4746 are more 'rules' when you want become a rules-based discretionary trader. Big E #4746 below {image} So much can be simplified to using an EA like TMS_V19 technical analysis...
EURUSD Oct22 TMS_V19

- Daily POP Gun setup

- is a continuation setup

Attached Image (click to enlarge)
Click to Enlarge Name: EU Oct22 Daily V19 POP Gun 22-10-2024 10-12-02 am.png Size: 47 KB

...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,824
  • Oct 21, 2024 7:40pm Oct 21, 2024 7:40pm
USDCAD Oct22 Daily

- IF you only trade once today,

- which hour of the day you will enter buy

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Oct22 Daily TOAD 22-10-2024 10-30-38 am.png Size: 46 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,825
  • Oct 21, 2024 7:49pm Oct 21, 2024 7:49pm
Quoting emmanuel7788
USDCAD Oct22 Daily - IF you only trade once today, - which hour of the day you will enter buy {image} ...

USDCAD Oct22 Daily with M15 entry

- Tokyo 11:45 am

- M15 back to previous Day Close level

- you can enter buy now with 11 pips SL and TP 55 pips RR 1to5

- statistically the win rate is only 23%



...
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Oct22 Tokyo1145am M15 22-10-2024 10-46-08 am.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,826
  • Oct 21, 2024 8:05pm Oct 21, 2024 8:05pm
AUDUSD Oct22 Daily

- Bearish Engulfing Outside Bar BEEOB S/U candle

- IF you only trade once today, where will you sell

- risk control is the BEEOB high

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Oct22 Daily BEEOB 22-10-2024 11-02-28 am.png Size: 46 KB



....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,827
  • Oct 21, 2024 8:36pm Oct 21, 2024 8:36pm
  • #148,828
  • Oct 21, 2024 9:52pm Oct 21, 2024 9:52pm
Quoting Miloncef
{quote} thanks for ur answer so u mean that should i work in 4H TF
No, I'm saying firstly don't go against the h4 if you're working on H1, if trading against the trend. If working on H4 do not go against D1. Obviously its better if all timeframes are agreeing, but as your first look it should be whether the timeframe above shows any signs of turning. If the answer is no, then nothing further is required, don't trade it. Look for another trade.
  • #148,829
  • Oct 21, 2024 11:45pm Oct 21, 2024 11:45pm
Quoting lynnc
{quote}No, I'm saying firstly don't go against the h4 if you're working on H1, if trading against the trend. If working on H4 do not go against D1. Obviously its better if all timeframes are agreeing, but as your first look it should be whether the timeframe above shows any signs of turning. If the answer is no, then nothing further is required, don't trade it. Look for another trade.
Agreed. No matter what time frame you take your trades on. You should never go against the message the 4hr is giving you.
  • #148,830
  • Oct 22, 2024 1:43am Oct 22, 2024 1:43am
Quoting emmanuel7788
{quote} USDCAD Oct22 Daily with M15 entry - Tokyo 11:45 am - M15 back to previous Day Close level - you can enter buy now with 11 pips SL and TP 55 pips RR 1to5 - statistically the win rate is only 23% ... {image}

USDCAD Oct22 M15 London session

- another M15 setup for those who only take once trade entry per day...


- DBLHC is one of my favourite #647 price action setup in trending market type


- but this one appears in a sideways market type
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Oct22 M15 DBLHC M15 22-10-2024 4-37-50 pm.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,831
  • Oct 22, 2024 3:00am Oct 22, 2024 3:00am
Quoting Miloncef
hello all please how can we avoid this wrong setup ... in the first u think that a complete setup ??? {image}
Let me explain on chart:
1. Current Trend is Bearish with series of LH - LL as you can see on chart
2. We can define Range -High and Range - Low (2 yellow line)
- If PA breakout Range - High, maybe Trend change from Bearish to Bullish
- If PA breakdown Range - Low: Bearish Trend Continue
3. With Bearish Trend in mind, you should find Short EP
4. It's better if you see PA go down below Dragon Trend (50 EMA - High, Close, Low)
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 114 KB
Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #148,832
  • Oct 22, 2024 3:09am Oct 22, 2024 3:09am
Let study on GU Chart
1. You can identify Range - High and Range - Low on H4 Chart
2. With Bearish Trend, you will find Short EP
3. H1 Chart Yesterday shows you a Short EP:
- TDI confirm
- PA go down below Dragon Trends
- London Open Time
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 103 KB
Click to Enlarge Name: screenshot.png Size: 112 KB
Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #148,833
  • Oct 22, 2024 3:16am Oct 22, 2024 3:16am
Quoting markrekt
Let study on GU Chart 1. You can identify Range - High and Range - Low on H4 Chart 2. With Bearish Trend, you will find Short EP 3. H1 Chart Yesterday shows you a Short EP: - TDI confirm - PA go down below Dragon Trends - London Open Time {image} {image}
M30 Chart Today show you another Short EP
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 114 KB
Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #148,834
  • Oct 22, 2024 3:25am Oct 22, 2024 3:25am
Quoting 1dominican
{quote}ok I then im trading TMS with not TDI, not stoch, no ha lol Well this is what i see for sunday open 6pm est for usa indices sell stopl below friday low syoploss above last small bar {image} {image} {image} {image}
im still holding short us 30
fellow traders what do you see for any daily chart only of any market,what is your bias?
Attached Image (click to enlarge)
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""TP is whatever you can get before it goes against you.""
  • #148,835
  • Oct 22, 2024 3:25am Oct 22, 2024 3:25am
Quoting markrekt
{quote} M30 Chart Today show you another Short EP {image}
You should combine Heikin Ashi Candle and Normal Candle for a better view before taking a trade.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 104 KB
Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #148,836
  • Oct 22, 2024 4:21am Oct 22, 2024 4:21am
Quoting lynnc
{quote}Well it should be the 5ema typical shift 2 but I noticed over the weekend its set at 5sma, not sure why but I've changed it back, I like to see a candle close above it, but if a trade looks good I have taken trades below it as well. The other MA is the 1hr 62ema which I use as an ema it tends to bounce off if it hasn't visited it for a while. I don't like to take trades too close to it unless its been tested at least once.
You gave traders one of the best idea to add to this system, but some traders do not see the power of your
observations and how to use to make good money trading.
i thank you one more time.
""TP is whatever you can get before it goes against you.""
  • #148,837
  • Oct 22, 2024 5:00am Oct 22, 2024 5:00am
Quoting emmanuel7788
{quote} hi @Xayanne WELCOME to Trading Made Simple thread by @eelfranz aka Big E how long will it take you? when you have finished, you start posting charts and I will be at base camp to guide you in further conditioning for the climb higher ... If you think you need to go to boot-camp I will start one very soon. {image} {image}
Thank you very much for your response, I will start reading what you told me.
  • #148,838
  • Oct 22, 2024 5:24am Oct 22, 2024 5:24am
Quoting 1dominican
{quote} You gave traders one of the best idea to add to this system, but some traders do not see the power of your observations and how to use to make good money trading. i thank you one more time.
Thank you
  • #148,839
  • Oct 22, 2024 5:49am Oct 22, 2024 5:49am
Quoting 2scoops
BigE for the benefit of newer traders could you please give us a list of the top 5 things that put you off a trade or make the trade iffy in your eyes. E.g. assume TDI/Stochastics looks perfect and you are in on candle 1 or 2. What puts you off? Personally i'd say mine is: 1, Weak setup candle (small candle / long upper and lower wick) 2, Consolidation (or choppy indecisive PA) 2, Trades near support/resistence 3, Against a strong higher trend 4, Taking trades towards the top or bottom of a trend channel (oversold/overbought) 5, If counter trend...

and Big E' reply to that post was another golden nugget ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,840
  • Oct 22, 2024 5:52am Oct 22, 2024 5:52am
Quoting markrekt
Let study on GU Chart 1. You can identify Range - High and Range - Low on H4 Chart 2. With Bearish Trend, you will find Short EP 3. H1 Chart Yesterday shows you a Short EP: - TDI confirm - PA go down below Dragon Trends - London Open Time {image} {image}




I thought Big E was using the 34EMA Wave

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #385 34EMA Wave 22-10-2024 6-26-21 pm.png Size: 75 KB




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