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Trading Made Simple

  • #75,221
  • Edited 6:41am Jan 29, 2017 5:35am | Edited 6:41am
Quoting emmanuel7788
{quote}Lets assume that Big E took that trade entry
Really. Place BigE in a assume trade that he could have taken.
I don't see or understand how seven years demo trading, or two years develoment in TDI in a assume trade.

I am a newbie and just by applying post#647 and looking at that chart here is a few points that will show why BigE would have walked away.
post#647: does stoch confirm direction
post#647: support and resitance
post#647: consolidation
That cross is smack/bang between in a zig zag market
The only good thing about that cross is the angle of green

That is not hindsight trading that is applying a check list to a chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jan 27 H4 before Question.png Size: 88 KB
  • #75,222
  • Jan 29, 2017 5:46am Jan 29, 2017 5:46am
Quoting Tekkies
{quote} emmanuel7788. Really. Are you trying to place BigE in a assume trade that he could have taken. I don't see or understand how you can put seven years demo trading, or two years develoment in TDI in a assume trade. I am a newbie and just by applying post#647 and looking at that chart here is a few point that will show why BigE would have walked away. post#647: does stoch confirm direction post#647: support and resitance post#647: consolidation That cross is smack/bang between in a zig zag market The only good thing about that cross is the...
Quoting Tekkies
No Trader can manage a trade. A trader has only two choices on any chart 1. When to place an order. 2. When to close an order. Everything between those two points the market does the management. Don't wast time and try to make plans The market will always laugh at your plans. At most it will follow your plan for a few pips, give you false hope, little bit security only to break your heart and leave you bleeding. Keep the door open. Keep the page blank and see what the market write on those blank page. Then you apply your two choices to what the market has wrote.
@Tekkies,

your posts and reasoning simply shows your personality and temperament, and you do not have what it takes to become a trader. You simply do not have the mental fitness to read and comprehend, and to be able to trade the market. I don't know whether it is your level of English language or just naive arrogance.

Move on, and Do Not read and quote my post since you have me in your ignore list.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,223
  • Jan 29, 2017 5:51am Jan 29, 2017 5:51am
Quoting emmanuel7788
{quote} I can trade simple with Price Action PA without any TDI. PA show me the price momentum and a lot more other things about the market. Big E mentioned some of these things in his 463 post in this thread and 861 posts in his other thread Craig Harris Stochastic thread where this 5-Method started. To learn the 5-Method, go read his posts there. Especially those who trade lower timeframes H1, M15 and M5.
I am glad your Here Emmanuel, learnt a lot about PA from your help, and many live examples that I studied from what you have shown Us.
It's in fear when people show what they truly value.
  • #75,224
  • Jan 29, 2017 5:54am Jan 29, 2017 5:54am
Quoting Tekkies
No Trader can manage a trade. A trader has only two choices on any chart 1. When to place an order. 2. When to close an order. Everything between those two points the market does the management. Don't wast time and try to make plans The market will always laugh at your plans. At most it will follow your plan for a few pips, give you false hope, little bit security only to break your heart and leave you bleeding. Keep the door open. Keep the page blank and see what the market write on those blank page. Then you apply your two choices to what the...
I don't think you are newbie. Thank you for your teaching ''No plan trading''
  • #75,225
  • Jan 29, 2017 6:16am Jan 29, 2017 6:16am
Quoting inforserve
Following is another experiment back testing using ME/ME Trading plan 1.Knowing that current side way market condition , I brought as TDI direction but I added up to five postilions until my stop loss which is bit above side way swing high or low with certain distance or when it's pull back. 2. Took a profit when it was not retrace and when it reached swing low or high with some variation. As someone said that the market only trending 20 % and 80% of time the market go on side way if I remember correctly. Then we only get wrong once when side way...

Thank you inforserve

Now I have something to play with range trading.
Also I've seen many times Emmanuel took Breakout trades(which I'm playing at the moment. Very hard when it had a long pulled back & false BO - all 5 positions gone with the wind)

Regards
  • #75,226
  • Jan 29, 2017 6:46am Jan 29, 2017 6:46am
Quoting pete.alfa
{quote} Thank you inforserve Now I have something to play with range trading. Also I've seen many times Emmanuel took Breakout trades(which I'm playing at the moment. Very hard when it had a long pulled back & false BO - all 5 positions gone with the wind) Regards
Yes, I had been there too.
  • #75,227
  • Edited 7:57am Jan 29, 2017 7:12am | Edited 7:57am
Quoting inforserve
Following is another experiment back testing using ME/ME Trading plan
inforserve / pete
This is how I learn to trade and test BigE's Trading Made Simple
Only use Post#647 with exit rules.
Nothing funny. Nothing complicated. As simple as possible
There are many mistakes. Any trader will spot them.
After all I am a newbie with the IQ of a day old baby and the mentality of a stone

It is in afrikaans so use Google translate and been done awhile back. Thread is called "South African Traders"
http://www.forexfactory.com/showthre...68#post9245368
Have done it on a live account with the crystal ball called hindsight trading
Here is some screen shots
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  • #75,228
  • Jan 29, 2017 8:19am Jan 29, 2017 8:19am
Quoting Tekkies
No Trader can manage a trade. A trader has only two choices on any chart 1. When to place an order. 2. When to close an order. Everything between those two points the market does the management. Don't wast time and try to make plans The market will always laugh at your plans. At most it will follow your plan for a few pips, give you false hope, little bit security only to break your heart and leave you bleeding. Keep the door open. Keep the page blank and see what the market write on those blank page. Then you apply your two choices to what the...
When or where?
I know where to place the order.
Up to the market when it gets there.
Symantics?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #75,229
  • Jan 29, 2017 9:02am Jan 29, 2017 9:02am
Quoting emmanuel7788
{quote} Hi Axleman, Let go back to that EURUSD H4 chart again. let test ourselves how much we have learn from Big E post about his entry and exit which he had a few variations. EURUSD Jan 27 H4 before Question.png;2161170 Lets assume that Big E took that trade entry, how did he manage that trade and why? If anyone can answer this, it will be a good test to know how well you know the man Big E and they way he traded in various market situation. To other points you made in your post; 1) for me, there is only High Probability trade setups or no trade....
I didn't trade this and would be reluctant to at the mo. Ground to a halt on the BRN, although it has bounced off trendline, trading inside bars on h4 and D, but D tdi, still facing down, I don't like to against the tf higher so would like to wait for a while, trend still up on weekly.
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  • #75,230
  • Jan 29, 2017 9:16am Jan 29, 2017 9:16am
Quoting emmanuel7788
{quote} AUDNZD update 2 Jan 25. First target BRN 1.0400 hit but the Day had not ended yet. We must wait to see where it will close and wait for the 2nd target 1.035. trading day chart requires patience, lots of it... AUDNZD Week 04 update2 Jan 25.png;2154895 {image}
Hello Emmanuel,

That BRN Ruler on your chart... Is it any indicator? Which One? I tried several ones but I can't find that one

Thanks in advance
Fenix Capital Mgmt Return This Month: na
  • #75,231
  • Jan 29, 2017 9:46am Jan 29, 2017 9:46am
Quoting TooSlow
{quote} When or where? I know where to place the order. Up to the market when it gets there. Symantics?
TooSlow
A trader has only two choices on any chart
1. When to place an order.
That depends on the trader.
How he understands BigE's post#647 or the more popular phrase: Price Action.
In this post a member placed a assume trade: //www.forexfactory.com/showthread.php?p=9493915#post9493915
In this post a member gave reasons not to take that assumed trade: http://www.forexfactory.com/showthre...47#post9494047
No two traders will see the market the same way. Did that happen there will be no market to trade.

2. When to close an order
Again that depends on the trader.
BigE use TDI green: flat, hook over, check mark.
What do you use

Symantics? I don't know what Symantics is. Need to google that word, study it for a while to see where it fit's in with Trading Made Simple before I can answer you
After all what does a newbie know (post#75 222)
  • #75,232
  • Jan 29, 2017 9:55am Jan 29, 2017 9:55am
Quoting Tekkies
{quote} TooSlow A trader has only two choices on any chart 1. When to place an order. That depends on the trader. How he understands BigE's post#647 or the more popular phrase: Price Action. In this post a member placed a assume trade: //www.forexfactory.com/showthread.php?p=9493915#post9493915 In this post a member gave reasons not to take that assumed trade: http://www.forexfactory.com/showthre...47#post9494047 No two traders will see the market the same way. Did that happen there will be no market to trade. 2. When to close...
When refers to time.
Where refers to price.
Maybe semantics.
I know where I want to place an order.
I could use a limit or stop order entered before the market price is there.
I could wait for market price to get where I want to enter and then enter - I enter when market price gets there.

What do I use?
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Rules are on the charts.
More examples can be found in my threads.
Green pips to all.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #75,233
  • Jan 29, 2017 10:07am Jan 29, 2017 10:07am
Attention all new traders
I strongly recommend you learn to read Price Action first before learning the 5-method. It will make a Big difference in your trades. Good news, it takes only 5 weeks to learn. Here's a thread that does that. Read the intro on Post# 15,603 and Post#1 then begin your journey from Post# 15,687.

You're welcome.

Learn PA (become a hermit, grow a beard) then come back to TMS.
No more jumping from system to system.
Attached Image (click to enlarge)
Click to Enlarge Name: Some have all the answers but only pretend to help.jpg Size: 48 KB
Play the hand you were dealt.
  • #75,234
  • Jan 29, 2017 10:10am Jan 29, 2017 10:10am
Quoting Scrambleguy
{quote} I didn't trade this and would be reluctant to at the mo. Ground to a halt on the BRN, although it has bounced off trendline, trading inside bars on h4 and D, but D tdi, still facing down, I don't like to against the tf higher so would like to wait for a while, trend still up on weekly. {image} {image}
Only look at TDI green
Top chart - flat - walk away and find a other setup
Second chart - Enter at the beginning of that bar - you late - walk away.
Why waste time to find an entry or justify your actions to yourself to place an order.
What will happen you will give yourself a palmface when the market moves against you
With the words " What was I thinking"
  • #75,235
  • Edited 12:16pm Jan 29, 2017 10:18am | Edited 12:16pm
Quoting Maule
Attention all new traders I strongly recommend you learn to read Price Action first before learning the 5-method. It will make a Big difference in your trades. Good news, it takes only 5 weeks to learn. Here's a thread that does that. Read the intro on Post# 15,603 and Post#1 then begin your journey from Post# 15,687. You're welcome....
BigE recomanded BabyPips.com
Thanks Maule
Need all the related info to understand post#647
  • #75,236
  • Jan 29, 2017 10:20am Jan 29, 2017 10:20am
Quoting TooSlow
{quote}Green pips to all. Cheers! {image} {image}
Now i understand
  • #75,237
  • Jan 29, 2017 10:47am Jan 29, 2017 10:47am
[quote=Tekkies;9494438]{quote} Only look at TDI green Top chart - flat - walk away and find a other setup"
I was referring to the first chart Emm posted the TDI was not flat on the h4 chart only the aftermath.
Second chart - Enter at the beginning of that bar - you late - walk away."
I wasn't, I wouldn't have taken it.
  • #75,238
  • Jan 29, 2017 11:35am Jan 29, 2017 11:35am
Understand our own trading cycle is as important as understand the market's cycle.

We use indicators to look at the market because we believe market has its cycle and it will repeat itself. And we think the indicators can tell us about that.

If we believe the market has its cycle, should we, as trader, has our own trading cycle. If we have our own cycle, will we make more good trades in our good cycle and more bad traders in our bad cycle. If we have indicators in our own trading cycle, will it make our trading simpler and more profitable? - astro4trading
  • #75,239
  • Jan 29, 2017 12:19pm Jan 29, 2017 12:19pm
Quoting emmanuel7788
{quote} Hi, It is 5 years since Big E died. Many still come to this thread and want to learn to trade like him. Sad to say, there are newbies who do not have open mind to learn how the market had evolved since 2012 and want to live in the past will not make it to make money. We shall see how 2017 will progress for these newbies. I see lots of opportunities to make money this year with Brexit in the making and President Trump in office. The 8 pairs will be nice to watch very closely. regards,
Me too. With Brexit on the slate and Trump in office here. It will be a good if not great year for traders even if for no one else. Regards.
If you are good at something, never do it for free--Joker
  • #75,240
  • Edited 1:31pm Jan 29, 2017 1:18pm | Edited 1:31pm
[quote=emmanuel7788;9493967]{quote}Sad to say, there are newbies who do not have open mind to learn how the market had evolved since 2012 and want to live in the past will not make it to make money. We shall see how 2017 will progress for these newbies. I see lots of opportunities to make money this year with Brexit in the making and President Trump in office. /quote]
Please show the newbies the charts of how or where the market had evolved since 2012
After all forexfactory is n place of learning.
Before Trump there was Obama
Before Brexit there was the Commonwealth of Nations
Before the Middle East Conflict there was World War Two
Before 1931 China floods there was 1976 Tangshan earthquake
Before That there was This
And the market is still going up or down like it did when Obama came into office and U.K. has voted to leave the European Union.

Yes it will be a good year for trading.
edit: forgot to mention the Korea war, Vietnamese war, 9/11, WW1
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