Trading Made Simple

Quoting 1dominican

Disliked

{quote} 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 {image}

Ignored

Quoting emmanuel7788

Disliked

{quote} Friday Oct 25 USDCAD - I close my buy trades before the Retail data release - No new 4Hr today and anyway I would close all 4H swing trades before London session closing - Weekly is bullish trending, note the 5 bars/candles swing low reversal, and Weekly candle show consecutive higher high with higher Close, 5-Method 2B buy trade . - Daily also bullish trending after the last swing low reversal, market had broken the swing low candle 1. - H4 show big candle, with smaller candles ... Master Candle consolidation before the data release, no...

Ignored

Quoting tony228

Disliked

{quote} 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!

Ignored

Quoting emmanuel7788

Disliked

{quote} 5-Method is not just the 5-bars/candles swing highs and swing lows. You see the Fractals in all timeframes and this is why Big E said TMS 5-Method works in all timeframes. Stoch and TDI also work in all timeframes. 5-Method is price action trading. You can trade naked charts without indicators. You can trade price action using candlesticks and indicators. Indicators mean - Stochastics, RSI, MACD, CCI, ADX, etc. ...

Ignored

Quoting Balti90

Disliked

{quote} 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?

Ignored

Quoting Balti90

Disliked

{quote} 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?

Ignored

Quoting markrekt

Disliked

{quote} Absolutely NO

Ignored

Quoting emmanuel7788

Disliked

{quote} It is weekend time and the best thing to do and to learn is to back-test the 5-Method. Example Risk Reward 1 to 5 Risk $30 per trade {image} Same instrument, same entry candle after the swing high fractal for buy or sell after the swing low fractal. Same Risk Reward 1 to 5 Risk $300 per trade {image} ...

Ignored

Quoting tony228

Disliked

{quote} is this the equity growth with the PA+ stoch and TDI confirmation?

Ignored

Quoting emmanuel7788

Disliked

{quote} {image} NO. 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...

Ignored

Quoting tony228

Disliked

{quote} I have found out an problem about APB or HA candles. I dont know if its correct, but i think understanding PA is an MUST in Big E's Method. Because he uses an HA candle, and HA candle are the average price. If observe the candles when every time an HA candle comes out, it usually is an big candles because its an candle that average before candle's price. That means when every time the green crosses red, the price usually already starts to go up some times. Big E states he expect about an average of 3 to 8 candles, therefore he needs to enter...

Ignored

Quoting emmanuel7788

Disliked

{quote} @Balti90 The name given by the OP @eelfranz is 5-Method . Many people have mistake there are 5 methods and asked me often which of the 5 methods. The 5-Method is based on Price Action and follow the Natural Flow of the Forex market. See this post and watch the video. https://www.forexfactory.com/thread/...3#post15039853 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...

Ignored

Quoting Balti90

Disliked

{quote} Thank you, I saw the video, I'm trying to build something that works for me

Ignored

Quoting tony228

Disliked

{quote} Ahhh I see!!!! That is why. I also see lots of traders suggests the importance of price action studies to understand market behaviors. These days I just get in touched with the AL brooks book about PA. I think its one of the important knowledge learned to read the chart and candles.

Ignored

Quoting Balti90

Disliked

{quote} so you don't watch snr on the daily? Due to commitments I can only trade on the daily

Ignored

Quoting eelfranz

Disliked

Remember - STUDY OLD CHART SET UPS SO THEIR EASY TO RECOGNIZE. Follow the rules. Trade at the right time of day. Expect a loss here and there. Cut losses fast. {image}

Ignored

Quoting eelfranz

Disliked

I always trade this method the way I layed it out... simplicity.

Attached Image (click to enlarge)

{image}

Ignored