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Trading Made Simple

  • #148,841
  • Oct 22, 2024 8:01am Oct 22, 2024 8:01am
GBPUSD Oct22

- when price returns to Day Open

Attached Image (click to enlarge)
Click to Enlarge Name: GU Oct22 sell 22-10-2024 5-02-47 pm.png Size: 44 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,842
  • Oct 22, 2024 8:05am Oct 22, 2024 8:05am
EURUSD Oct22

- TMMSr OSC "arrow"

- when all timeframes in synergy

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Oct22 TMMSr 22-10-2024 9-03-46 pm.png Size: 41 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,843
  • Oct 22, 2024 12:33pm Oct 22, 2024 12:33pm
Quoting 1dominican
{quote} please wich rules and time frame did you used to get that win rate?
rules are based on Big E' post below:

#4752 for those working guys and gals to trade the Daily chart

#2617 ... follow simple rules for entries and exits

#3044, #3103 and #3418 ... trade the 5-Method without the Stochastics and TDI

#3287 use the S/U candle on the Daily

#8703 test the Daily


Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily once-per-Day RR 1-4 19-10-2024 8-50-38 am.png Size: 10 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,844
  • Oct 22, 2024 2:03pm Oct 22, 2024 2:03pm
Quoting emmanuel7788
{quote} @tony228 Long story short: Over the last 15 years I developed several money management based system using the same good old 5-Method as my core trading methodology. The 5-Method goes back to the 1980s. Big E learn the basic 5-Method from the same trading coach we both subscribed to in 1990s and we traded the US stock markets. Some background: I develop several systems over the years using Big E' 5-Method as the core trading methodology. my systems are Money Management based and to trade in different Market Types conditions: 12-years track...
WOW, SO amazing, you had been trading 34+ years. 10,000+ hours of working will become master.
i had been trading since 06, sometime i regret, that i should not trade, i should do something else. A financial freedom is so expensive.
  • #148,845
  • Oct 22, 2024 7:47pm Oct 22, 2024 7:47pm
Quoting havenoidea
{quote} WOW, SO amazing, you had been trading 34+ years. 10,000+ hours of working will become master. i had been trading since 06, sometime i regret, that i should not trade, i should do something else. A financial freedom is so expensive.
Attached Image (click to enlarge)
Click to Enlarge Name: Financial Independence and Financial Freedom.png Size: 364 KB


34 years ago I did not know this. I am a slow learner and it took me more years than the average person.

Today we have Artificial Intelligence as one of our trading tools.

With AI, you have the potential to make a million dollars in the next 10 years in your retirement. You only need to trade once a day and when you trade multiple instruments you will reach the million dollars in fewer years.


Attached Image (click to enlarge)
Click to Enlarge Name: US30 Daily 2012 to 2024 23-10-2024 8-44-27 am.png Size: 9 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,846
  • Oct 22, 2024 7:55pm Oct 22, 2024 7:55pm
Quoting emmanuel7788
{quote} rules are based on Big E' post below: #4752 for those working guys and gals to trade the Daily chart #2617 ... follow simple rules for entries and exits #3044, #3103 and #3418...
IF you follow Big E post #4752 for those working guys and gals to trade the Daily chart

And trade-once-a-day, today is buy

USDCAD Oct23 Daily

- follow simple rule for entry and exits

- entry is Buy at Day Open
- exit#1 SL - 15pips, exit#2 TP 60pips

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Oct23 Daily V19 23-10-2024 8-53-45 am.png Size: 49 KB

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,847
  • Oct 22, 2024 8:59pm Oct 22, 2024 8:59pm
'Early Bird' trade Oct 23

UJ Oct 23 SYD_2H breakout

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Oct23 SAYD-2H breakout 23-10-2024 9-29-47 am.png Size: 23 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,848
  • Oct 22, 2024 11:28pm Oct 22, 2024 11:28pm
Hi Emanuel,

These days I am trying to use the 5 method to trade. Looking at the PA and EMA, the TDI and Stoch I use as an confirmations. But I sometimes confused with certain situations about multi chart. I am trading a 4 Hr chart and glance the daily chart to look at some directions. For everytime I see an S/U, i prepared the entry, for example the 4H chart is an down trend of bearish candle I decides to short, but daily trends are an reversal of bullish candle. In this situation do I enter the trade?
  • #148,849
  • Oct 23, 2024 12:08am Oct 23, 2024 12:08am
Quoting tony228
Hi Emanuel, These days I am trying to use the 5 method to trade. Looking at the PA and EMA, the TDI and Stoch I use as an confirmations. But I sometimes confused with certain situations about multi chart. I am trading a 4 Hr chart and glance the daily chart to look at some directions. For everytime I see an S/U, i prepared the entry, for example the 4H chart is an down trend of bearish candle I decides to short, but daily trends are an reversal of bullish candle. In this situation do I enter the trade?
Also thinking about the stop loss, do not need to put on the previous H/L right? when entering the trade, calculate the position size, do a full lot trade, then risk 1 to 2 % of capital(I mean total) and put on the opposite site of position is fine?
  • #148,850
  • Oct 23, 2024 12:17am Oct 23, 2024 12:17am
Quoting tony228
Hi Emanuel, These days I am trying to use the 5 method to trade. Looking at the PA and EMA, the TDI and Stoch I use as an confirmations. But I sometimes confused with certain situations about multi chart. I am trading a 4 Hr chart and glance the daily chart to look at some directions. For everytime I see an S/U, i prepared the entry, for example the 4H chart is an down trend of bearish candle I decides to short, but daily trends are an reversal of bullish candle. In this situation do I enter the trade?

Please post a chart and I will explain how I trade the 5-Method.


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,851
  • Oct 23, 2024 12:20am Oct 23, 2024 12:20am
Quoting emmanuel7788
'Early Bird' trade Oct 23 UJ Oct 23 SYD_2H breakout {image}

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Oct23 SAYD-2H breakout 23-10-2024 9-29-47 am.png Size: 23 KB



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UJ Oct 23 5R trade profit

- IF you trade the Daily and you only need to trade-once-a-day

- SYD_2H breakout is one way to find good trades in the morning

- always trade following the Daily S/U candle

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Oct23 M30 5R trade 23-10-2024 1-17-40 pm.png Size: 25 KB


Attached Image (click to enlarge)
Click to Enlarge Name: UJ Daily RR 1-5 23-10-2024 1-00-01 pm.png Size: 8 KB

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,852
  • Oct 23, 2024 12:50am Oct 23, 2024 12:50am
Quoting emmanuel7788
{quote} XBR Oct17 UPDATE Tokyo 2pm - still the same target 7218 {image} ...

Days later ...

XBR Oct 23 UPDATE

- failed to move lower

- now we have a swing low and True REVERSAL

- study the candles which forms the 5bars/candles swing low (Fractal),

- the True REVERSAL candle close above the bar/candle 1 is the S/U candle,

- the swing low has an Inside Day candle ... consolidation

- these make the trade setup with higher SQN

Attached Image (click to enlarge)
Click to Enlarge Name: XBR Oct23 Swing Low True REVERSAL Daily 23-10-2024 1-43-09 pm.png Size: 45 KB




Also see my post #148,819
https://www.forexfactory.com/thread/...9#post15035809
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,853
  • Oct 23, 2024 2:28am Oct 23, 2024 2:28am
Hi Emmanuel,

In the attachment I have put an chart. Could you show me how you trade the 5 method?

Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 45 KB
  • #148,854
  • Oct 23, 2024 2:28am Oct 23, 2024 2:28am
GBPUSD Oct 23 London Open

- 4Hr dynamic entry when LO

- this 4Hr candle will close in 1hr 34min

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Oct23 4Hr Lodn Open dynamic entry 23-10-2024 3-25-58 pm.png Size: 43 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,855
  • Oct 23, 2024 2:39am Oct 23, 2024 2:39am
Quoting tony228
Hi Emmanuel, In the attachment I have put an chart. Could you show me how you trade the 5 method? Thanks! {image}

@tony228

just to show the most recent 5-Method swing high setup and entry when the price breaks the 1st candle of the 5-bars/candle swing high. Noe the price fractals.

these are high quality setups

Attached Image (click to enlarge)
Click to Enlarge Name: tony228 EU h4 23-10-2024 3-31-23 pm.png Size: 93 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,856
  • Oct 23, 2024 4:54am Oct 23, 2024 4:54am
Quoting tony228
Hi Emmanuel, In the attachment I have put an chart. Could you show me how you trade the 5 method? Thanks! {image}

EURUSD Oct23 H4 5-Method

- BEEOB setup candle

Attached Image (click to enlarge)
Click to Enlarge Name: EU Oct23 H4 BEEOB EP SL TP 23-10-2024 5-53-10 pm.png Size: 17 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,857
  • Oct 23, 2024 5:19am Oct 23, 2024 5:19am
Quoting emmanuel7788
{quote} @tony228 just to show the most recent 5-Method swing high setup and entry when the price breaks the 1st candle of the 5-bars/candle swing high. Noe the price fractals. these are high quality setups {image} ...
What is the main idea of 5 method? I though its 5 ema and PA. Because I look at the Big E he said he could use the 5 method without stoch and TDI, so i thought is the PA and 5 EMA. is there any material i could get an glance or learn about it?
  • #148,858
  • Oct 23, 2024 11:06am Oct 23, 2024 11:06am
Hello!
Thanks for the great thread! here is my first take with this system.
Silver 1H XAGUSD, short
Attached Image (click to enlarge)
Click to Enlarge Name: XAGUSD_2024-10-23_12-02-32.png Size: 44 KB


Have a great trading day
  • #148,859
  • Oct 23, 2024 3:37pm Oct 23, 2024 3:37pm
Hi all,

What is the best way to hold your profit entry? Wait for IDI to cross? Wait for HA to cross ema? Wait for stochastic to cross up? Or all of them?
  • #148,860
  • Oct 23, 2024 6:24pm Oct 23, 2024 6:24pm
Quoting bigjjnem
Hi all, What is the best way to hold your profit entry? Wait for IDI to cross? Wait for HA to cross ema? Wait for stochastic to cross up? Or all of them?

Good post question for learning together ... this is a question in trading system development - Trade Exit Strategy

What is the best way to hold your profit entry?
a) Wait for IDI to cross?
b) Wait for HA to cross ema?
c) Wait for stochastic to cross up?
d) Or all of them?

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