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Trading Made Simple

  • #73,221
  • Nov 10, 2016 8:44pm Nov 10, 2016 8:44pm
Quote
Hi,

I started trading the stock markets in 1980's. During my corporate career, my business had to do with principals in the US and Europe, therefore I had always had to know about the currency foreign exchange as we have to pay our principals based on USD exchange rates. My personal interest in forex started in 2002 and I only traded fulltime since 2007 i.e. after I decided to retire from my corporate career and become my own investor and trader.
based on this years of experience, I can safely say that if anyone want to trade for some income in...
nice advice thank ur experience share emu
  • #73,222
  • Nov 10, 2016 11:10pm Nov 10, 2016 11:10pm
Quoting emmanuel7788
{quote} that's simple, there are no fake signals because we do not trade based on signal. we trade price action and use of support and resistance. when there is setup seen price action at support/resistance and the RSI or TDI confirms that there is price momentum, we trade. pick only the best A+++ setups to trade. do your own back-testing by looking at history charts and then do forward testing in live market conditions. this is the best way to learn and to learn to trade. trading is made to look simple and easy because we are all deceived by winning...
Sir. Can you describe what kind setups is best setup? Or what condition best setup have？
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #73,223
  • Nov 11, 2016 12:17am Nov 11, 2016 12:17am
Hi Traders,
I have skimmed this thread for Big E's teaching - They are great! . May his soul be blessed with everlasting peace!
Can any one point me to an effective and one page Trading Plan for the H1 and M30 time frames based on TDI. In case you have one please share it with me through a PM.
Thanks and best regards.

Sachu
  • #73,224
  • Nov 11, 2016 1:52am Nov 11, 2016 1:52am
Quoting emmanuel7788
{quote} your picture looks like sell, sell, sell, ... on rising prices, hoping and praying that it will fall one day when the market reach a 'key level' .. but what is 'key level' in the market? can 'key level' be determined by some indicator? in hindsight I can tell you what the 'key level' is for the reversal after that happened. can 'key level' change with time? yes or no?
Not quite. I was referring to the old saying in the market, "price goes up the stairs and out the window at the top" regarding Long/short. when your long, market takes a while to go long and when your short it's a lot faster. I think this refer's to the fear emotion gripping investors and traders. We can see this theory more applicable to stock markets.

"can 'key level' change with time?" yes or no? Yes It can, we can see the gbp, making some new key levels now in the market , old levels broken, some accounts broken but Life moves forward..

By the way, Did you take advantage, of GBPAUD. As you identified the AUSUSD WRB, Also seeing that GUSD Was at the bottom of the range.. quite a trade. Unfortunately I did not take full advantage. But an example to learn from nonetheless..
It's in fear when people show what they truly value.
  • #73,225
  • Nov 11, 2016 4:06am Nov 11, 2016 4:06am
Quoting Bluesky8635
{quote} Sir. Can you describe what kind setups is best setup? Or what condition best setup have？
Post#60,281
Post#61,635

The biggest problem with many TMS traders who are still struggling to be profitable is they spend too much time looking for the TDI cross, 12-2 , 4-6 bounce, etc. and that APB#1 and APB#2 for trade entry. Most do not read Post#647 and do not understand how to use that post as their pre-trade checklist. They still think trading is made simple but the fact is trading the 5-Method is not simple at all and neither is it easy. Traders keep posting mostly winning trades and that make it look simple.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,226
  • Edited 4:40am Nov 11, 2016 4:21am | Edited 4:40am
Quoting emmanuel7788
EURNZD Nov 11 Big Picture... do you see the market's imaginary resistance? also do you see the opportunity on your H4 chart? {image} have your done your SWOT analysis.
Are you referring to the pink ma line Emm? If so, why is it 'imaginary'?

Is SWOT (Strengths, Weaknesses, Opportunities and Threats) the same as the 'Forex Stuff Checklist'?

Who is your recommendation 'best mentor I have who guided me through the years.'?

I am only 5 months into my Forex training, so still developing my winning edge, but here are some of my golden rules so far;

[1] Always manage your risk
[2] ALWAYS manage your risk
[3] Make a tick-list for each strategy & stick to it - Only trade when you have ALL the pieces in place
[4] Remove your emotion from the trade
[5] If you ever say 'I think' STOP - Concentrate ONLY on PA, strategy & indicators
[6] With a good RR, you can lose more often than you win but still be in profit
[7] Never risk more than 1% of your bank
[8] Focus on how much you can lose, NOT how much you can win
[9] Your opinion doesn't matter. The price is always right.
[10] Don't go for the one big win. Small & consistent is your goal

I won't bore you with the others

One thing I do that I find really helps is I take screenshots of 'perfect' trades & flick through them when I get a spare few minutes. It's great for 'getting your eye in'.

Thanks for all your help on here Emm. It is very much appreciated.
  • #73,227
  • Nov 11, 2016 6:00am Nov 11, 2016 6:00am
Quoting emmanuel7788
{quote} Hi mortezakh, You are right. Trading can be made simple when the rules are few and simple to learn and to follow. You have found the 5-Method so I recommend you stick to this simple trend following trading methodology. Learn it, master it and add to it your own money management strategy. Big E lived in the USA and he traded for a few years and he had 6,000 hours of trading experience and he spent 2 years to develop this 5-Method together with his other method 21/233 Method. To be profitable, you will need to spend at least 3 to 5 hours everyday...
Thank you for your attention. I read all the big E pamphlets. In your opinion, where do I start.
  • #73,228
  • Nov 11, 2016 6:56am Nov 11, 2016 6:56am
Quoting mortezakh
{quote} Thank you for your attention. I read all the big E pamphlets. In your opinion, where do I start.
This post from Emm is a great place to start > http://www.forexfactory.com/showthre...34#post8324434
  • #73,229
  • Nov 11, 2016 7:24am Nov 11, 2016 7:24am
Quoting emmanuel7788
{quote} Hi mortezakh, You are right. Trading can be made simple when the rules are few and simple to learn and to follow. You have found the 5-Method so I recommend you stick to this simple trend following trading methodology. Learn it, master it and add to it your own money management strategy. Big E lived in the USA and he traded for a few years and he had 6,000 hours of trading experience and he spent 2 years to develop this 5-Method together with his other method 21/233 Method. To be profitable, you will need to spend at least 3 to 5 hours everyday...
DO you know the Big E method`s post number?
I`m just wondering if you remember post number
secondly in the TDI rules we should go long when cross is above MA inside the TDI
and go short when cross below MA Am I right?
  • #73,230
  • Nov 11, 2016 8:49am Nov 11, 2016 8:49am
EG D1 trade.....
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 42 KB


GA D1 trade, look at the tdi angle 12-2....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 41 KB
Winners Never Quit, Quitters Never Win
  • #73,231
  • Nov 11, 2016 8:51am Nov 11, 2016 8:51am
Quote
EG D1 trade.....
Attached Image (click to enlarge)
http://www.forexfactory.com/attachme...1&d=1478875730
nice work mate
  • #73,232
  • Nov 11, 2016 9:13am Nov 11, 2016 9:13am
Quoting hsn100
EG D1 trade..... {image} GA D1 trade, look at the tdi angle 12-2.... {image}
GA D1 Price is currently on the 50ma & minor resistance. If it breaks through those, your TP could be OK.

It wouldn't tick all my boxes though as it's against trend (Current & higher time-frames).
  • #73,233
  • Nov 11, 2016 10:48am Nov 11, 2016 10:48am
Quoting hsn100
EG D1 trade..... {image} GA D1 trade, look at the tdi angle 12-2.... {image}
great trade mate!
  • #73,234
  • Nov 11, 2016 12:10pm Nov 11, 2016 12:10pm
Appreciate all the posts and charts.
Thanks
John
  • #73,235
  • Nov 11, 2016 12:59pm Nov 11, 2016 12:59pm
Quoting Bita1.314
{quote} DO you know the Big E method`s post number? I`m just wondering if you remember post number secondly in the TDI rules we should go long when cross is above MA inside the TDI and go short when cross below MA Am I right?

This post can help you get started.

Post 71,888
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,236
  • Nov 11, 2016 1:36pm Nov 11, 2016 1:36pm
Quoting noxskuses
{quote} Are you referring to the pink ma line Emm? If so, why is it 'imaginary'? Is SWOT (Strengths, Weaknesses, Opportunities and Threats) the same as the 'Forex Stuff Checklist'? Who is your recommendation 'best mentor I have who guided me through the years.'? I am only 5 months into my Forex training, so still developing my winning edge, but here are some of my golden rules so far; [1] Always manage your risk [2] ALWAYS manage your risk [3] Make a tick-list for each strategy & stick to it - Only trade when you have ALL the pieces in place [4]...
Everything that traders put onto their charts are figments of their imagination. They want to believe in what they see.

Before:
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Nove 11 Big Picture.png Size: 69 KB


After:
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Nove 11 Big Picture2.png Size: 66 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,237
  • Nov 11, 2016 1:59pm Nov 11, 2016 1:59pm
Today the US markets are closed.

I see good trade opportunity next week with - AUDUSD, EURUSD, GBPUSD and NZDUSD.

Now we have USDCAD rally making new highs .. post elections with Trump. Follow the BRN 1.36 and 1.37.

Not forget USDJPY.

Do your weekend homework . Update your Big Picture Plan and we can share and discuss here how to trade the same 5-Method with Multiple Entries/ Multiple exits ME/ME next week. Make some money before the year end holidays.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,238
  • Nov 11, 2016 4:09pm Nov 11, 2016 4:09pm
Dear Traders,

Just wanted to say a big thank you to all who help on this thread. I wanted to share with you the results I have had after nearly 3 months of trading TDI.

The results are roughly this - 56% winners, 10% increase in account and a few thousand 'pips'.

Thanks to all who encourage, challenge, ground in realism and post trades and answers to questions - well done ! I hope that you will feel that my success is a reflection on your successful teaching....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-11-11 at 22.05.29.png Size: 412 KB
Click to Enlarge Name: Screen Shot 2016-11-11 at 22.05.40.png Size: 411 KB
  • #73,239
  • Nov 11, 2016 5:34pm Nov 11, 2016 5:34pm
Quoting brian661
just tried to open a demo account on FXCM, which said is GMT+0 by some site, but is still GMT+2 on the MT4...
Hi Brian,

To clarify, while FXCM's EUR and GBP denominated MT4 servers are set to GMT, our USD and AUD denominated MT4 servers are set to GMT+2 and therefore display New York Close charts with five 24-hour daily candles per week with no extra Sunday candle.
  • #73,240
  • Nov 11, 2016 5:39pm Nov 11, 2016 5:39pm
Quoting emmanuel7788
{quote} Hi sucess4hasee, You don't need to read all 3500 pages. try this, Here is a quick introduction to this Trading Made Simple thread: Trading Made Simple for beginners : Post#52,707 A short history by pioneer member snarlyjack Post#110 Our late OP eelfranz aka Big E spent 6,000 hours: Post#6 and he...
Thank you for sharing this to newbies
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