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Trading Made Simple

  • #60,881
  • Sep 27, 2015 7:48am Sep 27, 2015 7:48am
Hi All

I have just joined Big E's thread after discovering it this week. Looks excellent!I've only been through it up to page 44 and think I fully understand the rules of the system. Do I need to read through all 3400 pages or has nothing fundamentally changed with the system?
  • #60,882
  • Sep 27, 2015 1:42pm Sep 27, 2015 1:42pm
Quoting Donquixote
{quote} really looking forward to your trade outcome {quote} whats with friday?
As hsn100 mentioned there are many reason we want to trade light on Friday. Market often acts crazy. Here is a thread on FF to get some idea

http://www.forexfactory.com/showthread.php?t=6875

Happy Weekend
Sad i'm not trying to understand PA
  • #60,883
  • Sep 27, 2015 3:51pm Sep 27, 2015 3:51pm
USDCAD-D1

A chart to think
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD-D1_Analysis.png Size: 61 KB
Sad i'm not trying to understand PA
  • #60,884
  • Sep 27, 2015 6:43pm Sep 27, 2015 6:43pm
Quoting Kedlaw
Hi All I have just joined Big E's thread after discovering it this week. Looks excellent!I've only been through it up to page 44 and think I fully understand the rules of the system. Do I need to read through all 3400 pages or has nothing fundamentally changed with the system?
As Big E had pointed out, PA is the #1 criteria. Suggest you read up on PAs on Post 57,801.

Happy pipping :-)
  • #60,885
  • Sep 27, 2015 7:12pm Sep 27, 2015 7:12pm
Quoting omonisha
USDCAD-D1 A chart to think
Quoting omonisha
{image}


Below is my 2 cents. FYI, I'm a very new member to FF and this forum (less than a week old). Still learning.

As pointed out by Emma on Post 57,801, the most important indicator is the PA.
For USDCAD, the PA seem to indicate that it's consolidating - there is Mother/Master/WRB Candle on both H4 and H1 (see attached screenshot).
According to TMS 5-Method Basic Rules.pdf , page 4, after a WRB we should trade only in the lower time frame using that WRB High/Low
as Support/Resistance and trade with PSAR. I guess you should trade on H1 or M30 in this case.

Emma, please correct me if I'm mistaken.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: H4.png Size: 69 KB
Click to Enlarge Name: H1.png Size: 71 KB
  • #60,886
  • Sep 27, 2015 7:13pm Sep 27, 2015 7:13pm
Good morning Everyone,
Market just open to a new week but it will 3 trading days to the September month close. So we expect some pull back in the MN candles in most pairs.... shadow trading.
Best to trade the lower timeframes like H1 and M15.
How do we align multi-timeframes when we trade in lower TF click here> {trading MTF}

Looking at EURGBP MN chart now, question is do we have a 5-Method setup? How shall we trade this pair next month?

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP MN week 40 28 Sep to 2 Oct.png Size: 41 KB


Have a Great Trading Week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,887
  • Sep 27, 2015 7:26pm Sep 27, 2015 7:26pm
Quoting Kedlaw
Hi All I have just joined Big E's thread after discovering it this week. Looks excellent!I've only been through it up to page 44 and think I fully understand the rules of the system. Do I need to read through all 3400 pages or has nothing fundamentally changed with the system?
Hi Kedlaw,

The core of the 5-Method remains the same. Members here who gained experience will post and share from their experience, but the 5-method remains the same.
It is good that your continue reading this thread and also the other thread by eelfranz.
Go back to post#60,876 above and read that link provided.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,888
  • Sep 27, 2015 7:27pm Sep 27, 2015 7:27pm
Quoting wjw
{quote} As Big E had pointed out, PA is the #1 criteria. Suggest you read up on PAs on Post 57,801. Happy pipping :-)

... I forgotten that post....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,889
  • Sep 27, 2015 10:22pm Sep 27, 2015 10:22pm
Quoting NotMe
{quote} Thank you another Q please, what is the proper SL and TP for this strategy? i use SL 20 Pips TP 20 Pips unfortunately i am a mobile trader i trade on my android device on MT4 so i don't use heineken ashi, only basic indicators and RSI TDI.
You can watch TDI and HA on Android devices if you use tradingview.com

I use this to watch on charts on the go as I don't have access to MT4 on windows.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 112 KB
  • #60,890
  • Sep 28, 2015 12:50am Sep 28, 2015 12:50am
Quoting wjw
{quote} Below is my 2 cents. FYI, I'm a very new member to FF and this forum (less than a week old). Still learning. As pointed out by Emma on Post 57,801, the most important indicator is the PA. For USDCAD, the PA seem to indicate that it's consolidating - there is Mother/Master/WRB Candle on both H4 and H1 (see attached screenshot). According to TMS 5-Method Basic Rules.pdf , page...
Thanks wjw
Sad i'm not trying to understand PA
  • #60,891
  • Sep 28, 2015 4:19am Sep 28, 2015 4:19am
Nothing interesting on H4...except GU, GA, GC and EG.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,892
  • Sep 28, 2015 5:14am Sep 28, 2015 5:14am
Quoting emmanuel7788
Nothing interesting on H4...except GU, GA, GC and EG.
Hi Emmanuel,

Can I ask why you did not include GN in this list? I spotted a nice cross on 4H with divergence on 1H. Also just now a breakout off a NR4IB on 1H after which I added another lot. Will try to update later with a chart

Best,
  • #60,893
  • Edited 5:37am Sep 28, 2015 5:15am | Edited 5:37am
EJ H4 chart (4 digit broker) for +125
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 46 KB


UJ H4 chart (5-digit br) for +75, closed just before RN 120.00
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 50 KB
Winners Never Quit, Quitters Never Win
  • #60,894
  • Sep 28, 2015 7:36am Sep 28, 2015 7:36am
HI all,

I have been studying Phx who often took trades based on breakouts. (FO H/L - Yesterday H/L). I've been looking at BRN also and tried to trade away from these levels. However, I feel like quite often I end up being the sucker who bought at the high or low of the move. How should we go about trading these things? I would love some insight on how everyone else thinks about these trades.

Attached is a chart on EURAUD 1H as an example

Best,
Attached Image (click to enlarge)
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  • #60,895
  • Sep 28, 2015 7:55am Sep 28, 2015 7:55am
Tｏday's trade...


all looses...

What is the problem?
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  • #60,896
  • Sep 28, 2015 8:01am Sep 28, 2015 8:01am
I have made a couple of entries this morning, and here are 2 of them:

EUR/NZD - Buy @ 1.7575
NZD/USD - Sell @ 0.63527

Both currently live and running in the right direction.


Also just closed out GBP/NZD for 80 pip profit. I have probably closed that too early, but I left the trade because I'm having a problem with MT4 and I can't see the chart. Still, a decent trade!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURNZDH4.png Size: 66 KB
Click to Enlarge Name: NZDUSDH4.png Size: 66 KB
  • #60,897
  • Sep 28, 2015 8:02am Sep 28, 2015 8:02am
I nailed a few pips on GJ today, M15, based on H4 direction...
Attached Image (click to enlarge)
Click to Enlarge Name: FF.jpg Size: 131 KB

... and another few pips on EJ, same TF.
Attached Image (click to enlarge)
Click to Enlarge Name: FF a.jpg Size: 134 KB

Not too much, but it counts.
  • #60,898
  • Sep 28, 2015 8:04am Sep 28, 2015 8:04am
Quoting tibovwh
{quote} Hi Emmanuel, Can I ask why you did not include GN in this list? I spotted a nice cross on 4H with divergence on 1H. Also just now a breakout off a NR4IB on 1H after which I added another lot. Will try to update later with a chart Best,

GN H4 candle did not close across the 5EMA.
A setup candle is one which closes across the 5EMA shift+3. This is conservative trading approach.

Post#60,870 above
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,899
  • Sep 28, 2015 8:10am Sep 28, 2015 8:10am
failed - 35 point
entry reason tdi green crossed yellow, tdi green break 32 level , price closed above 10 ema and i thought price cant break pysch line

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB
Take What You Can , Give Nothing Back
  • #60,900
  • Sep 28, 2015 8:18am Sep 28, 2015 8:18am
Quoting yuki0912
Tｏday's trade... all looses... What is the problem? {image} {image} {image} {image} {image} {image}
First image: look at the trend.
Second image: it looks like a consolidation area.
Third image: Very small SL and TP for H4, and the entry was taken way after the second candle.
Fourth image: It looks ok, in my opinion, if the HTF points to the same direction. But the SL and TP look very small for H1. Sl should have been placed above the swing.
Fifth image: Don't know...
Sixth image: Entry was not made on the first or second candle. Although the second candle broke the low of the doji, the TDi had not crossed yet.
Just my opinion. Looking forward to hear Big Emm's and other experienced traders.

P.S.: In my EJ trade, I entered on the third candle, because I got distracted. Still, when I saw that the second candle was a valid entry signal, I decided a late entry on the third would not hurt. And it didn't.
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