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Trading Made Simple

  • #148,881
  • Oct 24, 2024 12:00pm Oct 24, 2024 12:00pm
Quoting emmanuel7788
{quote} @tony228 the method name "5-Method" was what Big E had used when he started the old thread. the 5-Method trading methodology has nothing to do with the HA candles nor the 5EMA. it is based on Price Action trading and the confluence of support and resistance levels/zones. study my post above in reply to @tetedepingle silver trade. there are lots of books written on Price Action trading , many market gurus who sell trading courses, fake traders, scammers, etc. ultimately you need to learn to read the candles and what they are telling you and...
Do you use the strat method to determine support/resistance?
  • #148,882
  • Edited 1:42pm Oct 24, 2024 1:31pm | Edited 1:42pm
Good evening
A question
The moving average in the photo, the SSMA
measures the moving average according to the SMA standards in MT4?
Thank you
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  • #148,883
  • Edited 2:34pm Oct 24, 2024 1:38pm | Edited 2:34pm
Quoting 1dominican
{quote} #1 Reading chart pa is the main key to enter with small risk {image}
and the exit is super key #1 i closed with over 1200 pips
now scalping i went long.
usdcad
i short using the 4 hours and i made 4 bars going down my way,even the weekly was in buy mode, the point is that i do not care to trade 3 different time frame, i trade from just 1 chart , what i see trading the 1 minute as scalping ,sometimes become a trade to hold overnite.
others traders do good using a lot of time frame, so find what is best for you
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""TP is whatever you can get before it goes against you.""
  • #148,884
  • Oct 24, 2024 3:59pm Oct 24, 2024 3:59pm
3 TIME B
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""TP is whatever you can get before it goes against you.""
  • #148,885
  • Oct 24, 2024 6:50pm Oct 24, 2024 6:50pm
Quoting 1dominican
3 TIME B {image} {image}


Big E #2617
Quoting eelfranz
///what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean? It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for...
Do you need to spend the next 2 years?

I show you two TMS 5-Method setups below:

How many more setups do you know?

Attached Image (click to enlarge)
Click to Enlarge Name: 5-Methdo Quality of Setups 25-10-2024 7-29-00 am.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,886
  • Oct 24, 2024 6:58pm Oct 24, 2024 6:58pm
Quoting diegodrid3h
Good evening A question The moving average in the photo, the SSMA measures the moving average according to the SMA standards in MT4? Thank you {image}

Yes. That is correct.
use two Smoothed Moving Average of the platform according to the settings.

That was introduced in 2010 by an well known FF member.

Trend 2/8 is a rather conservative way to see the price trend. But experienced traders knows when to 'over-write' that condition.

There are other ways, like using the Price Action Channel.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,887
  • Oct 24, 2024 7:28pm Oct 24, 2024 7:28pm
Quoting Balti90
{quote} Do you use the strat method to determine support/resistance?

Yes.
That is the same basic support and resistance taught at babypips.com
https://www.babypips.com/learn/forex...istance-levels

Support and Resistance or SnR has many uses.

In Big E' 5-Method, he look at the price swings which follows the Natural Flow Forex system, every swing creates a new supp/res, etc.


Go to the old thread and watch those tutorial videos;

an example:
https://www.forexfactory.com/thread/...4#post13981934



In my TMS MEME and TMS EVO systems, I look at the Monthly SnR levels for target take profit levels. The Weekly SnR are for determination of the Market Type conditions - Trending or Sideways.


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,888
  • Oct 24, 2024 7:39pm Oct 24, 2024 7:39pm
Quoting 1dominican
{quote} and the exit is super key #1 i closed with over 1200 pips now scalping i went long. usdcad i short using the 4 hours and i made 4 bars going down my way,even the weekly was in buy mode, the point is that i do not care to trade 3 different time frame, i trade from just 1 chart , what i see trading the 1 minute as scalping ,sometimes become a trade to hold overnite. others traders do good using a lot of time frame, so find what is best for you {image} {image}

you can scalp the 4Hr against the MBL.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,889
  • Oct 24, 2024 9:07pm Oct 24, 2024 9:07pm
Quoting emmanuel7788
{quote} Big E #2617 {quote} Do you need to spend the next 2 years? I show you two TMS 5-Method setups below: How many more setups do you know? {image}
no fellow traders. that only take less thant one minute to learn this.
""TP is whatever you can get before it goes against you.""
  • #148,890
  • Oct 24, 2024 9:31pm Oct 24, 2024 9:31pm
Quoting 1dominican
{quote} and the exit is super key #1 i closed with over 1200 pips now scalping i went long. usdcad i short using the 4 hours and i made 4 bars going down my way,even the weekly was in buy mode, the point is that i do not care to trade 3 different time frame, i trade from just 1 chart , what i see trading the 1 minute as scalping ,sometimes become a trade to hold overnite. others traders do good using a lot of time frame, so find what is best for you {image} {image}
Hi 1dominican, I want to ask how you exit the trade? I often have problem exit the trade. Do you set up an fix pips for exit? or something else?

Wish you having lots of pips everyday.
  • #148,891
  • Oct 25, 2024 1:32am Oct 25, 2024 1:32am
Quoting 1dominican
{quote} no fellow traders. that only take less thant one minute to learn this.

you are exceptional fast learner type.

in 30 seconds you can learn another 28 setups.

then every time you see the 30 setups you will pull the trigger.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,892
  • Oct 25, 2024 1:45am Oct 25, 2024 1:45am
Quoting emmanuel7788
Here is a technical analysis question for the experts. EU Oct 24 M30 1.0805 - if today' price action break above 1.0805 and remain above 1.0805, - what is level 1.0805? {image} ...

Today is Friday.

Do you trade Friday?

EURUSD Oct25 Daily Frankfurt Open


Attached Image (click to enlarge)
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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,893
  • Oct 25, 2024 3:09am Oct 25, 2024 3:09am
Quoting emmanuel7788
{quote} Yes. That is the same basic support and resistance taught at babypips.com https://www.babypips.com/learn/forex...istance-levels Support and Resistance or SnR has many uses. In Big E' 5-Method, he look at the price swings which follows the Natural Flow Forex system, every swing creates a new supp/res, etc. Go to the old thread and watch those tutorial videos; an example: https://www.forexfactory.com/thread/...4#post13981934 In my TMS MEME and TMS EVO systems, I look at the Monthly SnR...
so you don't watch snr on the daily? Due to commitments I can only trade on the daily
  • #148,894
  • Oct 25, 2024 3:11am Oct 25, 2024 3:11am
Quoting emmanuel7788
{quote} Big E #2617 {quote} Do you need to spend the next 2 years? I show you two TMS 5-Method setups below: How many more setups do you know? {image}
the 5th method in practice is to define 5 candles of a swing, 2 before the fractal and 2 after, then see if the 4th or 5th candle breaks the hihg/low of the fractal, is this correct?
  • #148,895
  • Oct 25, 2024 3:46am Oct 25, 2024 3:46am
Quoting emmanuel7788
{quote} Yes. That is correct. use two Smoothed Moving Average of the platform according to the settings. That was introduced in 2010 by an well known FF member. Trend 2/8 is a rather conservative way to see the price trend. But experienced traders knows when to 'over-write' that condition. There are other ways, like using the Price Action Channel.
sma is on close?
  • #148,896
  • Oct 25, 2024 3:52am Oct 25, 2024 3:52am
Quoting emmanuel7788
{quote} you are exceptional fast learner type. in 30 seconds you can learn another 28 setups. then every time you see the 30 setups you will pull the trigger. ...
Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #148,897
  • Oct 25, 2024 4:05am Oct 25, 2024 4:05am
Quoting emmanuel7788
{quote} Big E #2617 {quote} Do you need to spend the next 2 years? I show you two TMS 5-Method setups below: How many more setups do you know? {image}
So is that means the 5 method is the study of the reversal 5 candles? like what they look and hows their reaction to the later trends? I m wondering is there any material to learn about it. In google I saw an strat called 5 candles reversal strategy, don't know if its the same thing.

Also a little curious for the graph, is this graph the HA candles?

thanks!
  • #148,898
  • Oct 25, 2024 4:28am Oct 25, 2024 4:28am
Quoting emmanuel7788
{quote} you are exceptional fast learner type. in 30 seconds you can learn another 28 setups. then every time you see the 30 setups you will pull the trigger. ...
lol
When have a passion for trading using technical analysis ,you will notice something new and create millions of set up.
But if you become an specialist in just one set up you only need the pull the trigger for one set up.
""TP is whatever you can get before it goes against you.""
  • #148,899
  • Oct 25, 2024 6:26am Oct 25, 2024 6:26am
Quoting emmanuel7788
{quote} Big E #2617 {quote} Do you need to spend the next 2 years? I show you two TMS 5-Method setups below: How many more setups do you know? {image}
thanks! great exemple, i get it now
  • #148,900
  • Oct 25, 2024 6:53am Oct 25, 2024 6:53am
Quoting emmanuel7788
{quote} Today is Friday. Do you trade Friday? EURUSD Oct25 Daily Frankfurt Open {image} ...
yes.
i see for today a sell for usdcad 4h

see with your own rules before you enter but a put it on your list
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""TP is whatever you can get before it goes against you.""
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