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Trading Made Simple

  • #76,061
  • Feb 19, 2017 7:39pm Feb 19, 2017 7:39pm
Quoting Pretoriano
Emmanuel,do u have a method for London and New York breakout as Tokyo-Sidney?
Hi,

No. I don't have any breakout strategy for London and New York. There are several London breakout strategies avaialble online.

But when we trade the London session, this 5-Method will give us many good trades when we do not trade when the market is in consolidation and wait to trade the breakout of the consolidation.
The question is really how do we as traders identify market consolidation when we do not analyse the recent history bars. Maybe using a crystal ball is what some traders do. But we learn from Big E, I don't think that he used a crystal ball. He studied old charts going back 10 years of chart history in case some still did not know this. We do the same, we study old charts as far back as your brokers data provide and learn from our own study. When we study old charts, we take note of the pattern and the time. What pattern? make a guess.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,062
  • Feb 19, 2017 7:44pm Feb 19, 2017 7:44pm
Quoting tanoking
Hello everyone guys.I do trading for two years almost, unfortunately I have not found my way,i must tell you that I'm fond of this system,I hope to make it grow in the best possible with your help. I'm trying to improve the timing of entry of trades.To open up the market,i found this interesting pair for a possible long entry on H1.If you try to see the pair is bullish on H4 and Daily.Thanks to all! I found this interesting pair for a possible long entryI found this interesting pair for a possible long entryI found this interesting pair for a possible...

Wrong time and wrong day to be trading H1 EURGBP pair.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP hourly volatility.png Size: 22 KB


https://www.mataf.net/en/forex/tools/volatility

Learn to make a trade plan and include - know when to trade and when not to trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,063
  • Feb 19, 2017 10:15pm Feb 19, 2017 10:15pm
Quoting tanoking
Hello everyone guys.I do trading for two years almost, unfortunately I have not found my way,i must tell you that I'm fond of this system,I hope to make it grow in the best possible with your help. I'm trying to improve the timing of entry of trades.To open up the market,i found this interesting pair for a possible long entry on H1.If you try to see the pair is bullish on H4 and Daily.Thanks to all! I found this interesting pair for a possible long entryI found this interesting pair for a possible long entryI found this interesting pair for a possible...
The price action on your entry should be a bit better also.
If you are good at something, never do it for free--Joker
  • #76,064
  • Feb 19, 2017 10:49pm Feb 19, 2017 10:49pm
Hi guys, Emma.
I read pdf(TOK_5H Breakout descripction) and I have a problem.
In this method we are using H4 Average ATR(10) and ATR(20). After this result is compared with a range of the first 5 hours of the Tokyo session.
Question: How do you calculate ATR(10) and ATR(20)?
I open my chart with ATR(10) and ATR(20) and see that ATR values is very small. I can't compare it with a range Tokyo session. What do I unserstand?
Attached Image (click to enlarge)
Click to Enlarge Name: ATR.png Size: 57 KB
Attached File(s)
File Type: pdf TOK_5H Breakout description (1st draft).pdf   136 KB | 392 downloads
There is no reason to trade if there is no reason to trade.
  • #76,065
  • Feb 19, 2017 10:58pm Feb 19, 2017 10:58pm
Quoting marionetka
Hi guys, Emma. I read pdf(TOK_5H Breakout descripction) and I have a problem. In this method we are using H4 Average ATR(10) and ATR(20). After this result is compared with a range of the first 5 hours of the Tokyo session. Question: How do you calculate ATR(10) and ATR(20)? I open my chart with ATR(10) and ATR(20) and see that ATR values is very small. I can't compare it with a range Tokyo session. What do I unserstand? {image} {image}

you have the ATR on your H1 chart, change that same chart to H4 and read the H4 ATR(10) and ATR(20).

if you want the D1 ATR, simply change the chart timeframe to D1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,066
  • Feb 19, 2017 11:15pm Feb 19, 2017 11:15pm
Quoting emmanuel7788
{quote} you have the ATR on your H1 chart, change that same chart to H4 and read the H4 ATR(10) and ATR(20). if you want the D1 ATR, simply change the chart timeframe to D1.
Ok. H4 graph. See ATR values. It is 0.0042 and 0.0043. Average it is 0.00425. A range of Tokyo session is approx.56.
I mean a range of Tokyo will be upward than Average ATR.

Oh, maybe we don't compare 0.00425 and 56, and Average ATR is 42.5 and a range is 56?
Attached Image (click to enlarge)
Click to Enlarge Name: ATR_H4.png Size: 59 KB
There is no reason to trade if there is no reason to trade.
  • #76,067
  • Feb 19, 2017 11:19pm Feb 19, 2017 11:19pm
Thanks for replying to my PM, Emma, I have tried this script, it can run perfectly on my MT4, so can you share your HTML files with me?Let me plot all your trades on to my charts and see all your ME/ME trade entries and exits. This is one way I can learn ME/ME better. thank you very much!
https://www.mql5.com/en/code/7276
  • #76,068
  • Feb 19, 2017 11:40pm Feb 19, 2017 11:40pm
Quoting wheelbarrowe
Thanks for replying to my PM, Emma, I have tried this script, it can run perfectly on my MT4, so can you share your HTML files with me?Let me plot all your trades on to my charts and see all your ME/ME trade entries and exits. This is one way I can learn ME/ME better. thank you very much! https://www.mql5.com/en/code/7276

To learn how to trade this 5-Method with multiple entries / multiple exits ME/ME, you need to achieve the following:-

1) you must first master trading the 5-Method with single entry/single exit SE/SE like Big E.
2) then you decide if you want to trade the D1 chart timeframe using the same 5-Method.
3) you must do your own top down analysis or you can do it my way and prepare my trade plan after I have done my Big Picture Plan.
4) you must understand the basic concept scaling-in and scaling-out,
5) what is average up and average down, its pros and cons.

Read these old post and make your own notes.

Money Management
Big E on using multiple entries in the CHS thread
Post#2622 , Post#2629 , Post#2771 and Post#2912
Money Management Strategy for TMS: Post#48,008
Using Multiple-Lot Positions to Improve trading TMS: Post#33,507
Entry and Exits: Post#24,918 Post#18,422 Post#19,617
How to Build a Position: Post#19,588
Multiple Entries / Multiple Exits for Day chart trading: Post#58,726


Also, it would helpful if you know how to run and use scripts and expert advisor in MT4 or other platform for e.g. Tradestation II.
Knowing some basic programming would be ideal so that you can contribute to further developments and testing.


There is a new thread in FF where several experienced trader are discussing averaging down :
http://www.forexfactory.com/showthread.php?t=274348

read that thread and have a good grasp of what those members are talking about.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,069
  • Feb 19, 2017 11:56pm Feb 19, 2017 11:56pm
Quoting emmanuel7788
{quote} To learn how to trade this 5-Method with multiple entries / multiple exits ME/ME, you need to achieve the following:- 1) you must first master trading the 5-Method with single entry/single exit SE/SE like Big E. 2) then you decide if you want to trade the D1 chart timeframe using the same 5-Method. 3) you must do your own top down analysis or you can do it my way and prepare my trade plan after I have done my Big Picture Plan. 4) you must understand the basic concept scaling-in and scaling-out, 5) what is average up and average down, its...
Thank you for replying Emma, which is my goal to study and research in the near future.
Any questions I will continue to ask
Best wishes
  • #76,070
  • Feb 20, 2017 1:57am Feb 20, 2017 1:57am
Quoting emmanuel7788
Has anyone use Google keyword "trading big picture plan" Look what I just found, {image}
You only found it now?. So you have been misleading members all this years by saying you are using "trading big picture plan"

Yes member's please read some of those post then you will realise that it does not belong in Trading Made Simple
It belong's in a tread that will show members how to do Big Picture Planing.

Again emmanuel why do you not open your own thread were you can post everything under the sun and focus in this thread on Trading Made Simple and the way BigE explained the 5 method.
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  • #76,071
  • Feb 20, 2017 2:06am Feb 20, 2017 2:06am
Quoting Tekkies
{quote} You only found it now?. So you have been misleading members all this years by saying you are using "trading big picture plan" Yes member's please read some of those post then you will realise that it does not belong in Trading Made Simple It belong's in a tread that will show members how to do Big Picture Planing. Again emmanuel why do you not open your own thread were you can post everything under the sun and focus in this thread on Trading Made Simple and the way BigE explained the 5 method. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Google trading big picture.png Size: 167 KB


this was my google search posted ealier
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,072
  • Feb 20, 2017 2:27am Feb 20, 2017 2:27am
Quoting Tekkies
{quote} You only found it now?. So you have been misleading members all this years by saying you are using "trading big picture plan" Yes member's please read some of those post then you will realise that it does not belong in Trading Made Simple It belong's in a tread that will show members how to do Big Picture Planing. Again emmanuel why do you not open your own thread were you can post everything under the sun and focus in this thread on Trading Made Simple and the way BigE explained the 5 method. {image}
I trade fx for 6 years.
the rusult is only important in fx.
for me under 10k USD is not real money,without 5year trade history, you cant say you are a fxtrader.
I trust emmanuel.because he not only talk about how to entry how to exit.he talk alot about "R" and Trading Psychology.this is true important in trade.
there is so many thing that bigE didt say.
the bigE money manegement strategy is not good for the newbee.
the newbee so easy to lose their money by just read bigE's post.
  • #76,073
  • Feb 20, 2017 2:38am Feb 20, 2017 2:38am
To all TMS traders and readers of this thread.

Beware of what you read posted by member name Tekkies.
He intentionally uses ‘cut-and- paste’ of other members posts to convey false messages and also to make his posts sounds like his own. This is dishonest and misleading many people here especially for new readers who do not read and follow this thread on regular basis.

Here is a screen shot of Tekkies recent Post#76009
Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies post76009 divergence.png Size: 166 KB


Quoted the words “Divergence” and then did his usual thing ‘cut-and-paste’ the OP Big E original posts and make it to sound that Big E did not approve anyone posting trades related to using divergence in their trade decision. In fact when you read the original post by Big E, he was replying to a member name Divergence just 2 posts above his reply. What Big E reply was that he did not want members here to discuss his other methods which he shared in the other thread Craig Harris Stochastics Method thread. He started this Trading Made Simple thread for us to share and discuss the 5-Method.
The fact is Big E knew about divergence when he was trading in the early days. Do not ignore the fact that Big E also traded the stock market for 10 years. He mentioned that when we see divergence, it is something big about to happen. He has his reason why he did not use divergence in his 5-Method but it does not mean he did not know it and discourage traders from trading setups with divergence as their preference.

Below is a screenshot of the original post#5 by Big E.

You will see just above his post, is Post#3 by member name Divergence.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E on Divergence.png Size: 152 KB


What Big E actually sadi about trading with divergence are in these two posts:

http://www.forexfactory.com/showthre...29#post2271929

divergence is powerful stuff..

http://www.forexfactory.com/showthre...30#post4553530

Whether you as the trader trade the 5-Method setups with divergence or not, it is up to you. For me and many others who are long time trading with the 5-Method, divergence setups trading will help you pick good setups. You know that nothing is 100% but with divergence it give you more confidenc that a setup you see will have better odds to a win trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,074
  • Feb 20, 2017 2:44am Feb 20, 2017 2:44am
Quoting Tekkies
{quote} You only found it now?. So you have been misleading members all this years by saying you are using "trading big picture plan" Yes member's please read some of those post then you will realise that it does not belong in Trading Made Simple It belong's in a tread that will show members how to do Big Picture Planing. Again emmanuel why do you not open your own thread were you can post everything under the sun and focus in this thread on Trading Made Simple and the way BigE explained the 5 method. {image}
To all TMS folks,

Here is another example how he uses " " in his google search as keyword.

Beware of what you read posted by member name Tekkies.

He intentionally uses ‘cut-and- paste’ of other members posts to convey false messages and also to make his post sounds like his. This is dishonest and misleading many people here especially for new readers who do not read and follow this thread on regular basis.

Just another caution what you read in public forums and in this thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,075
  • Feb 20, 2017 3:17am Feb 20, 2017 3:17am
AUDUSD Feb 20 LO candle

The LO candle lok good for a sell setup but the risk is the resistance zone below, particularly the Asian session low.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Feb 20 H1 LO.png Size: 31 KB


next thing to do is wait for the current H4 to close.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,076
  • Feb 20, 2017 3:24am Feb 20, 2017 3:24am
Tekkies is pure anegative influence to this thread and, honestly, should be blocked from this thread.
  • #76,077
  • Feb 20, 2017 3:35am Feb 20, 2017 3:35am
BLA BLA BLA BLA BLA BLA BLA.................................. I am so sick of this battle between two little children, it never stops. Which one of you is the smartest one and stops this very annoying story?
Keep it simple without too many crappy indicators!
  • #76,078
  • Feb 20, 2017 3:44am Feb 20, 2017 3:44am
Hello to everyone! This is EurGbp H4.I've found a divergence that i draw with red line.Possible short continuation for me.
Attached Image (click to enlarge)
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  • #76,079
  • Feb 20, 2017 3:50am Feb 20, 2017 3:50am
Quoting Mt7
Good day TMS friends. I found this great thread and I've been reading it for a while. I began to learn about trading on May 2015 but I still have not figured out how to be successful in the market. Nevertheless, reading eelfranz's posts gave me some inspiration to not give up. I learned Big E took TDI 4H crosses during the night (his time) then woke up in the early morning to brekeven/close his trades and took TDI 1H crosses during the morning. I prefer the 1H setups because they're faster, but I know 4H ones have less fake signals. I've been also...
Hi Mt7
Be careful for information overload. There are so many points to take into consideration that it will lead to analyse paralyse.

Did all the stuff newbies do - indicators , system hunting, following well meant advice that went no where. Stumble onto Trading Made Simple.
What saved me from self destruct was to clear my mind of all the garbage collected since March 2015.
Forget all things like ME/ME, Big Picture Planing, SE/SE and everything in between. (they don't belong in this thread - leave that for later, much later)

Start small.
Concentrate only on one trade at a time.
Pick one currency to trade
Pick the time frame that you feel comfortable to trade on (I prefer H1 aswell. )
Before you place that single trade ask yourself way do I want to risk my money.
You become a trader by risking your money, simply becomes not easy.
Then you look at the TDI cross and the chart.
Find the hidden clues that TDI and the candles are try to tell you. (Here you apply what BigE have posted about. (Post#647, #276 - Price Action)
- Can you clearly see green on the other side of red.
- Is green going up or down.
- What is the overall trend direction.
- What is the angle of green (12/2, 4/5)
- Is Stoch confirming the direction.
- Where is support / resistance.
- Are the candle small or big (short or long)
- What are the wick length (long top, short bottom) (same length) (long bottom, short top) (do you know what it means)
- Are the candles going up / down in a narrow range (consolidation).
- Where is the cross on the sub window
--- above below 69, 32
Exit when green goes flat, hook over, check mark.
Start at the next cross and do all the step's over.

Build your confidence up on those single trade's. Keep repeating those step, until it becomes second nature.
Tomorrow or week later or month later add a second currency and see if you can manage two trade's.

BigE gave you the "HOW" now you must understand the "WHY"
Study BigE full / TDI Cross.pdf. Do what BigE is telling you to do: ea study old chart, practices.
  • #76,080
  • Feb 20, 2017 3:52am Feb 20, 2017 3:52am
Quoting emmanuel7788
AUDUSD Feb 20 LO candle The LO candle lok good for a sell setup but the risk is the resistance zone below, particularly the Asian session low. {image} next thing to do is wait for the current H4 to close.
Would it still be okay to trade that pair today with it being a Holiday in the USA?
Play the hand you were dealt.
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