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Trading Made Simple

  • #75,061
  • Jan 25, 2017 4:54pm Jan 25, 2017 4:54pm
Quoting suirad0
{quote} I am interested, watching thread time to time but never got posted, trading daily charts mainly so looking forward

@suirid0 and everyone who wants to be in this project 2017 "Plan, Build and Run"

you have to start posting your charts here and participate in the discussions and sharing of our trade charts.
I want to be sure that you and everyone else who wants to be in this project know how to trade the 5-Method and it will make my time effort worthwhile to start sharing in a project team on what Plan, Build and Run strategy when we trade with the 5-Method.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,062
  • Edited 8:45pm Jan 25, 2017 5:02pm | Edited 8:45pm
Quoting Tekkies
{quote} Trading Made Simple is a trend following method. The TDI cross indicate that a possible trade opportunity is to be found. The so called edge is how good is your chart understanding of the points in post#647

but the trader's WINNING EDGE is not this what you mentioned. Try harder..

and traders will not find their WINNING EDGE in this thread or in any public forum in forex factory.

how good one interprets Post#647 and understanding it is not the WINNING EDGE.

Every technical trader need to have good very good chartist skills today a lot more compared to 10 years ago.

what is chartist skills?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,063
  • Jan 25, 2017 5:31pm Jan 25, 2017 5:31pm
Quoting Tortilla
I have some questions: -I see that in the begining there was the use of stochastics together with TDI, was it disregarded from the strategy? -EMA 5 shifted +3... I am confused here. In some places I read to enter in candle 1 or 2 after the green/red cross, and other places to wait for a setup candle and enter the next one... So I really do not know if I should wait for the candle to cross the EMA or just enter just after the cross. What I felt is without waiting for the price to cross 5 EMA I got many more fakeys, but on the other hand, waiting...

Don't worry that you are confused. You are not the only one as I read here.

It is so easy to post charts in hindsight and point to the setups and that eventually end up in profitable trades. That is HINDSIGHT TRADING MADE SIMPLE and what many forex gurus and a guru wannabe here is trying to do.

There are many good lessons on the 5-Method reading Big E posts. As you read each post, you must learn and interpret what he meant by looking at our own charts in live market. When you keep doing this in live market you will start to see how price move and how the TDI, RSI, Stochastics, APB/HA all respond follow the price movement. These indicators we use here are all lagging when they follow the price. Nothing wrong using these lagging indicators, they are our trading tools to help us trade. But once you have developed the skills in reading your chart's price movements and you won't be needing any of the indicators.

Are there really fakeys? many traders ask how to avoid fakeys? what are fakeys?

You use forextester and you know that taking TDI cross signal will not make you a profitable trader. There are many things that you need to see before that TDI cross to make a market entry decision. This is where and why so many trading made simple traders fails.

There are many simple trading methods and strategies and system out there. They all work perfectly when we look at history charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,064
  • Jan 25, 2017 5:52pm Jan 25, 2017 5:52pm
Quoting Tekkies
Tortilla You did not asked for this. Read it. a Forum the size of Trading Made Easy with 75054 posts have hidden chems tucked away. Finding them is like making that prefect trade. Spend time in the past to learn what the future might do http://www.forexfactory.com/showthre...16#post4869116 Maybe you have answered some of your own questions: "Are we caught up over-analyzing 10 different charts? It appears I could make a pretty good living just trading the EU 4H TMS method." If your backtesting shows you could make a good living...

@Tekkies,

this is another cut and paste job using another member Dean's post ( Post#9895) in the past and re-post it here to look like your own to mislead newbies here.
shame on you.

share something from your own trading experience and knowledge to add value to this thread and also to show us how the market has evolved from 2012 to 2016...5 years since the thread OP passed away.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,065
  • Jan 25, 2017 6:03pm Jan 25, 2017 6:03pm
Quoting emmanuel7788
{quote} @suirid0 and everyone who wants to be in this project 2017 "Plan, Build and Run" you have to start posting your charts here and participate in the discussions and sharing of our trade charts. I want to be sure that you and everyone else who wants to be in this project know how to trade the 5-Method and it will make my time effort worthwhile to start sharing in a project team on what Plan, Build and Run strategy when we trade with the 5-Method.
Hi Emmanuel

Really good posts about empty space. Never came across those posts even through I went through most of your posts. Thanks !!!!

Attached Image (click to enlarge)
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  • #75,066
  • Jan 25, 2017 6:23pm Jan 25, 2017 6:23pm
Quoting inforserve
{quote} Hi Emmanuel Really good posts about empty space. Never came across those posts even through I went through most of your posts. Thanks !!!! Image1.png;2156677 {image}
Hi,

Good to look at clean chart without anything on your price chart. That yellow PAC will give your a visual bias. Get rid of that.

Plan, Build and Run - Exercise 1:

On our D1 chart, zoom out and we see the previous months, right?

I start my top down analysis on my MN chart which is the base foundation for my Big Picture Plan BPP. Look at the MN Line Chart and see where the most recent price swing level was. On you MN Bar Chart or Candlestick Chart (without the APB/HA - these are useless in higher TF analysis but only use on our trading chart TF) ,
do you see the recent MN Lows?

Now you should see more on your D1 chart.

<end - Exercise 1>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,067
  • Jan 25, 2017 6:35pm Jan 25, 2017 6:35pm
Quoting lahcenFX
BUY GJ AND GU {image} {image}

two good trades ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,068
  • Jan 25, 2017 6:46pm Jan 25, 2017 6:46pm
Quoting Tortilla
I have some questions: -I see that in the begining there was the use of stochastics together with TDI, was it disregarded from the strategy? -EMA 5 shifted +3... I am confused here. In some places I read to enter in candle 1 or 2 after the green/red cross, and other places to wait for a setup candle and enter the next one... So I really do not know if I should wait for the candle to cross the EMA or just enter just after the cross. What I felt is without waiting for the price to cross 5 EMA I got many more fakeys, but on the other hand, waiting...

@Tortilla,

I don't know how many years of trading experience you have and how much you have read Big E's posts.

Going back to this old post I made early this week.

Look at this chart below and ask yourself these:

1) would enter the market based on TDI cross alone or
2) wait for both - the price action when that H4 candle close (not closing below the 5EMA) + TDI cross or
3) wait for both that H4 price action to close below the 5EMA + TDI cross or
4) wait for the next H4 candle to close to see if it close below the 5EMA + TDI crossed in previous candle.
5) ...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4 Jan 24.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,069
  • Jan 25, 2017 7:05pm Jan 25, 2017 7:05pm
Quoting emmanuel7788
{quote} Hi, Good to look at clean chart without anything on your price chart. That yellow PAC will give your a visual bias. Get rid of that. Plan, Build and Run - Exercise 1: On our D1 chart, zoom out and we see the previous months, right? I start my top down analysis on my MN chart which is the base foundation for my Big Picture Plan BPP. Look at the MN Line Chart and see where the most recent price swing level was. On you MN Bar Chart or Candlestick Chart (without the APB/HA - these are useless in higher TF analysis but only use on our trading...
Tired to draw the line from recent month's swing high & low to previous month's swing high & low. I hope this is correct one.

Attached Image (click to enlarge)
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  • #75,070
  • Jan 25, 2017 7:10pm Jan 25, 2017 7:10pm
DOW hit 20,000...

You may have known this already , I am all smile because I like the indices. and Asian market looks nice for profit taking today.

Today we must be prepared for some volatility in the forex market. Big E' 2 amigos are riding in tandem, and the chart technicals are in my favour being a 5-Method trader. This is what I like to trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,071
  • Jan 25, 2017 7:19pm Jan 25, 2017 7:19pm
day chart traders,

XAUUSD pulled back from its 50EMA ( the market herd favourite) but closing fell below its 10EMA (another of the herd favourite moving average) on the D1,
traders will chase sell, sell, sell....

1190.43 is a nice level for take profit ... but you cannot be that precise..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,072
  • Jan 25, 2017 7:32pm Jan 25, 2017 7:32pm
Quoting inforserve
{quote} Tired to draw the line from recent month's swing high & low to previous month's swing high & low. I hope this is correct one. Image1.png;2156727 {image}

You are tired or tried?

I have the tools to draw these lines when I do my BPP.

But for now, all of you wanting to learn Plan, Build and Run must draw those lines on your own. That is the learning process - hardwork, but there are reasons for doing hardwork.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,073
  • Jan 25, 2017 7:40pm Jan 25, 2017 7:40pm
Quoting emmanuel7788
{quote} You are tired or tried? I have the tools to draw these lines when I do my BPP. But for now, all of you wanting to learn Plan, Build and Run must draw those lines on your own. That is the learning process - hardwork, but there are reasons for doing hardwork.
Sorry spelling mistake. "tried" Never tired learning from you!!!!
  • #75,074
  • Jan 25, 2017 8:05pm Jan 25, 2017 8:05pm
Quoting Pipsters
I wonder if I have placed this buy trade correctly on the H1 chart? I'll let you know how it goes but would appreciate any feedback on this trade. Thanks Trade2.jpg;2154659 {image}
Quoting emmanuel7788
{quote} when we trade H1, we need to know some characteristics of the currency pair we want to trade. we need to know the hourly volatility which is important and the best time of the day to look for H1 trades. your chart shows small H1 candles which is the character of this eurcad pair. wait till London session open and we shall see what the market will do. EURCAD hourly volatility.png;2154781 check the hourly volatility here: https://www.mataf.net/en/forex/tools/volatility {image}
@pipster,

how did you manage your H1 trade?

Below is my what happened yesterday and knowing when the best time for trading when the volatility is in the market.
we can learn from this trade example - why it is so important to note the time to trade and the pattern. This is one of Big E' lesson... do I need to quote or re-post his old post?

why it is also important to have a Plan A and a Plan B when we trade intraday. We can sell and buy in the same day. We need to be very sharp in how we read the market. This is one of the traits of a Super Trader.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD H1 Jan 25 POMO.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,075
  • Jan 25, 2017 9:47pm Jan 25, 2017 9:47pm
Hi Emmanuel, I took profit at only 2 pips! I decided to wait for a better opportunity on the euraud and eurusd charts. I took about 15 pips profit in total as I am playing it safe at the moment.

I've spent a couple of hours reading a lot of Big E's posts from the beginning of the thread. I'm slowly making my way through reading the whole thing.


Attached Image (click to enlarge)
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  • #75,076
  • Jan 25, 2017 10:00pm Jan 25, 2017 10:00pm
I think USDCAD is now at support? Will wait and see if the TDI crosses.

Attached Image (click to enlarge)
Click to Enlarge Name: t2.png Size: 57 KB
  • #75,077
  • Jan 25, 2017 10:26pm Jan 25, 2017 10:26pm
Quoting emmanuel7788
{quote} @suirid0 and everyone who wants to be in this project 2017 "Plan, Build and Run" you have to start posting your charts here and participate in the discussions and sharing of our trade charts. I want to be sure that you and everyone else who wants to be in this project know how to trade the 5-Method and it will make my time effort worthwhile to start sharing in a project team on what Plan, Build and Run strategy when we trade with the 5-Method.
Hi Emmanuel,

Is this a valid example of "empty space"?

Okoso
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily26.01.17.png Size: 36 KB
  • #75,078
  • Edited 11:52pm Jan 25, 2017 11:31pm | Edited 11:52pm
I have done another top down analysis for AUD/NZD which I am interested.

It seems like hit the MN low with major resistance. Still it's down trend. If this major resistance break then there is about 1000 pips for free space until next structure or if the price turn around going up then there is also 1000 pips space to hit the next resistance.
Therefore if I plan to do postilion trading, I will wait for how the price react on 1.3655 price level and take a action on it.
Right now, It looks like bounce back and heading north.

On fundamental side, kiwi inflation data is better than expected according to the today's data release and again there is AUD/NZD currency parity is on the horizon. (IMHO)

Attached Image (click to enlarge)
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  • #75,079
  • Jan 25, 2017 11:57pm Jan 25, 2017 11:57pm
Quoting okoso
{quote} Hi Emmanuel, Is this a valid example of "empty space"? Okoso {image}
No that do not meet the "empty space".

These pairs GBPUSD, GBPAUD, GBPCAD and GBPNZD have potential for a PLAN, BUILD and RUN trades in the coming week and months. We must follow these pairs with patience from now on. A lot depends on the Brexit actions and when the time is right, we will make our big bonus for this year's forex trading business.
Until that happens, we still look for the trade opportunities with classic 5-Method setups and manage our trades for maximum profit with good R:R.
2017 can be a game changer, your transformation to be a better trader. It is up to you all to make it happen for yourself.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,080
  • Jan 26, 2017 12:35am Jan 26, 2017 12:35am
Quoting Pipsters
Hi Emmanuel, I took profit at only 2 pips! I decided to wait for a better opportunity on the euraud and eurusd charts. I took about 15 pips profit in total as I am playing it safe at the moment. I've spent a couple of hours reading a lot of Big E's posts from the beginning of the thread. I'm slowly making my way through reading the whole thing. t1.png;2156895 {image}

Hi Pipster,

It is important that you read all of Big E's post in both threads - the Craig Harris Stochastics Method thread where this 5-Method started and this Trading Made Simple thread. Pay attention to post where he reply to members question and the charts because what he wrote in reply were often based on those charts and actual market condition at that time. Also very important are his training charts and post. You must know that he used the TDI Red Green and those charts he posted were all refreshed chart where the TDI were all repainted. This is important because the actual charts in realtime were not exactly those he posted because the TDI Red Green were all repainted. This is the reason why I use the TDI RT version which is realtime. This TDI RT version does not repaint the TDI when charts are refreshed which means what you see in live market realtime is what it will be in history later.

While you are trading H1, pay attention when the market is open and observe the price action and how the TDI respond to the price bar. Take notes and notice the pattern and the time of day.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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