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Trading Made Simple

  • #77,841
  • Mar 20, 2017 1:30am Mar 20, 2017 1:30am
Quoting faatkumo
{quote} If trading H1: To determine trend one must look at a trend timeframe indicator?? or should one click the H4 and D1 MT4 chart timeframe to confirm direction via HA candles???

my advice to all newbies is not to trade H1 as begineers to this 5-Method.
start with H4, the win rates are better and should help you build confidence in the method.

but if you want to trade H1, then go to X-man H1 thread and study there.
https://www.forexfactory.com/showthread.php?t=327972

in X-man's thread, Price Action is king.
here in eelfranz thread, the TDI is king.

you cannot have two kings but you can have one king with one queen and many consorts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,842
  • Mar 20, 2017 1:40am Mar 20, 2017 1:40am
NZDUSD Week 12 - Resistance seen on chart Mar 20,

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 12 reistance zone Mar 20.png Size: 56 KB


we need to look at the Price Action - to see if there will be more buyers to push price higher, until that happens we look after the downside of our trades. Protect our trading capital, protect floating profits.
When there is no resistance above, it will be empty space where we look to trade into empty space.
Is this simple enough?

"Practice what you preach", I heard that one recently.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,843
  • Mar 20, 2017 1:46am Mar 20, 2017 1:46am
Quoting emmanuel7788
"Practice what you preach", I heard that one recently.
Do you know it means emmanuel?
  • #77,844
  • Mar 20, 2017 1:55am Mar 20, 2017 1:55am
For demo live trading practice Mar 20 H4 chart:

Look at EURCHF gmt0650 candle will close at gmt0900.
will that be a good setup using 5-Method and PAC as filter?

there is double tops seen on H4, will that resistance hold?
if it holds, then PA will react and we look for sell opportunity.
but overall market is sideways quite narrow range., and we have higher low seen.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF Week 12 Mar 20 H4 double tops resistance.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,845
  • Mar 20, 2017 1:56am Mar 20, 2017 1:56am
My Trades last weeks, based on D1 with MEME, to identify the trades better I have switched to H1,

first EURAUD:
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.JPG Size: 55 KB


and AUDUSD...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.JPG Size: 50 KB


regards
  • #77,846
  • Mar 20, 2017 2:16am Mar 20, 2017 2:16am
Quoting RickM
{quote} Of course, it has to be " The Winning Edge"

Hey Rick,

I think that title "The Winning Edge" would be lead to high expectations and hence impossible to deliver in a public forum.
The winning edge is something an individual trader has to work on and achieve on his/her own. Every trader must have a Blueprint for Trading Success , its like a roadmap and they must follow their own blueprint.
I can of course contribute some of the things I learned which I have in my own roadmap.

Nevertheless, I have included your suggestion into the the list of thread title below:

Trading Made Simple new thread name
CREAM (TheRock)
Resourceful Trading (Renata)
Trading Smarter (Renata)
Trading to Win (Renata)
Components of a Winning Trade (mary4x)
Dynamic Trading with Emmanuel (mary4x)
Exploring New Paths for TMS (mary4x)
Emmanuel's TMS (heispark)
Emmanuel's Trading Made Simple (heispark)
Trading Made Simple from Emmanuel (heispark)
Trading Made Simple v2.0 (heispark)
New Trading Made Simple (heispark)
Trading Made Simple Reloaded (heispark)
Emmanuel's Forex Boot Camp (heispark)
Emmanuel's Playground (heispark)
The Elastic Method (Nik-Nyc)
The stair-step method (Nik-Nyc)
"the complete system" (Leeeta)
Trading Made Simple v2.0 (Saygin-TR)
“The Winning Edge” (RickM)

Be patient folks, "Rome wasn't built in one day".

meantime, just focus in your own trading and build your confidence.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,847
  • Mar 20, 2017 2:18am Mar 20, 2017 2:18am
Quoting Deichkind
My Trades last weeks, based on D1 with MEME, to identify the trades better I have switched to H1, first EURAUD: {image} and AUDUSD... {image} regards

very nice trades.

Well done ...

you make me happy and proud to see some one able to grasp ME/ME trading in a very short time.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,848
  • Mar 20, 2017 2:35am Mar 20, 2017 2:35am
Quoting emmanuel7788
NZDUSD Week 12 - Resistance seen on chart Mar 20, {image} we need to look at the Price Action - to see if there will be more buyers to push price higher, until that happens we look after the downside of our trades. Protect our trading capital, protect floating profits. When there is no resistance above, it will be empty space where we look to trade into empty space. Is this simple enough? "Practice what you preach", I heard that one recently.

NU is running nicely with Frankfurt Open FO.

manage your trades when this H4 candle closes.... know your rules and follow your rules in your Exit Strategy.

do not let your surrounding environment distract you and affect your emotions.

if reading this FF forum affects your emotions, better log-off and stay offline.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,849
  • Mar 20, 2017 2:41am Mar 20, 2017 2:41am
Here is training our eyes to see and read Price Action

AIO all-in-one chart



Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD W1 and D1 in background mode.png Size: 80 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,850
  • Mar 20, 2017 3:12am Mar 20, 2017 3:12am
Member's are their own worst enemy. Make piece with yourself. BigE gave you a method that has been proven time and time again. You do not need extra indicator's or go and read this book or study that method. You have been given a blue print to trade the market. Read, study Trading Made Simple. Do what BigE told you to do in his post's.

Post's that contradict BigE's post's are member's that want to discredit BigE. They hate him for making such an simple method possible.

You will be amazed how simply it is Trading Made Simple when applied correctly. Won't be easy for you need to understand what is S/R. What does it mean when Heiken Ashi candle is small, big. What is the wick length's and placement on bar showing. Need to understand Price Action.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmicroH1.png Size: 46 KB


Which method is better to train your eye's?
This chart or the chart above this post. Does any of BigE's training chart's look like that one in post 77 849.
  • #77,851
  • Mar 20, 2017 3:19am Mar 20, 2017 3:19am
Quoting emmanuel7788
Here is training our eyes to see and read Price Action AIO all-in-one chart {image}
Hi Emmanuel, could I get the weekly candle indicator? thanks and happy week, thanks for every thing.
  • #77,852
  • Mar 20, 2017 3:32am Mar 20, 2017 3:32am
Quoting emmanuel7788
{quote} my advice to all newbies is not to trade H1 as begineers to this 5-Method. start with H4, the win rates are better and should help you build confidence in the method. but if you want to trade H1, then go to X-man H1 thread and study there. https://www.forexfactory.com/showthread.php?t=327972 in X-man's thread, Price Action is king. here in eelfranz thread, the TDI is king. you cannot have two kings but you can have one king with one queen and many consorts.
as a beginner i find it more profitable on the 1h
lost every trade on the h4

10 pip hunting the 1h now lol
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 350 KB
  • #77,853
  • Mar 20, 2017 3:34am Mar 20, 2017 3:34am
Trading is very visual by snarklyjack.

here is another example why newbies can consider to use the old Price Action Channel to trading themselv and look for trades.

GBPUSD H1 trading has not been performing well in recent week using the PAC as filter.

today was an good setup after the H1 market traded in very narrow range and usually after such long period of narrow range, it will breakout.
We pick the H1 candle which shows Higher High / Higher Low, usually a minumum 2 candles showing H>L , HH> HL will be good enough to pick the breakout of the market when we use the PAC. Note, the TDI will react to this PA.

study the details closely on my chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 12 mar 20 H1 alert.png Size: 85 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,854
  • Mar 20, 2017 3:40am Mar 20, 2017 3:40am
The same chart in H4. Imagine the profit that would have been made with this trend.
That is way you need to understand all the point's mentioned in BigE's post. Everything you do become's simple and easy when you practice over and over the method. When you have a losing trade, find the reason for that loss, correct it, learn from it and don't do it again. You will have loses that is unavoidably. The beste trader's in the world have loses. What make's you a trader is how do you mange those loses. Do learn from them. "cut your losses short, let your profits run"
Attached Image (click to enlarge)
Click to Enlarge Name: XM MT4.png Size: 103 KB
  • #77,855
  • Mar 20, 2017 3:44am Mar 20, 2017 3:44am
Quoting Tekkies
Member's are their own worst enemy. Make piece with yourself. BigE gave you a method that has been proven time and time again. You do not need extra indicator's or go and read this book or study that method. You have been given a blue print to trade the market. Read, study Trading Made Simple. Do what BigE told you to do in his post's. Post's that contradict BigE's post's are member's that want to discredit BigE. They hate him for making such an simple method possible. You will be amazed how simply it is Trading Made Simple when applied correctly....
Hi, Tekkies.

Very interesting enter.
We differently understand post#647.

When I look at this chart and see consolidation area and candles with small body. And.....not enter.
Attached Image (click to enlarge)
Click to Enlarge Name: TekkieGBP.png Size: 48 KB

What do you think about it?
There is no reason to trade if there is no reason to trade.
  • #77,856
  • Mar 20, 2017 3:52am Mar 20, 2017 3:52am
Quoting Sup3rnov4
{quote} as a beginner i find it more profitable on the 1h lost every trade on the h4 10 pip hunting the 1h now lol {image}
Also use H1 to trade this method and finding it profitably. Would love to see a trade go from H1 to H4 to D1. It will happen and it is going to happen.
  • #77,857
  • Mar 20, 2017 3:53am Mar 20, 2017 3:53am
Quoting emmanuel7788
Folks, by the way, its Monday and Japan bank holidays. slow day, so less trading and do some backtesting on your own. see how many trade opportunities there were last week that you have missed, learn from them. pictue them in your mind like Big E said " drive these into our brains" and it will become easier to see the trade setups when we look at our charts. With thousands hours chart time and live market practice, trading will become intuitive. That is our goal as traders,... intuitive trading, no hesitation to pull that buy/sell trigger. example...
Hi , emmanuel7788
can you please give me this your Template & indicator ?
thanks in Advanced
Any broker, same result
  • #77,858
  • Mar 20, 2017 3:57am Mar 20, 2017 3:57am
Quoting Sup3rnov4
{quote} as a beginner i find it more profitable on the 1h lost every trade on the h4 10 pip hunting the 1h now lol {image}

Hi Supe3rnov4,

First, I happy to see your post. I am sure you got things sorted out and will continue to trade.

True, that some traders find H1 trading better than H4. Keep trading and develop slowly and make H1 trading into one of your own trading system.

When you have mastered H1 trading, you can then move further and develop a second system for Swing trading on H4. later one, you can move further and develope a third system for Position trading on D1 chart timeframe.
A full time trade will need three trading systems based on the same 5-Method as the core trading methodology. It is the timeframe that we full time traders make use of and we allocate a different portion of our trading capital into each of the 3 systems.

I will share more on this systems development at later time and how to allocate trading capital to each system to supplement our income and to grow wealth.

Stay tuned.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,859
  • Edited 4:22am Mar 20, 2017 4:07am | Edited 4:22am
Quoting marionetka
{quote} Hi, Tekkies. Very interesting enter. We differently understand post#647. When I look at this chart and see consolidation area and candles with small body. And.....not enter. {image} What do you think about it?
Did you look at support line? Is the entry above or below S/R. How many times did BigE posted to study old chart's and remember how the chart looked like that gave lead to such a profatible trade? post#2617.
Keep it simple.
Edit: I did that this whole weekend. Reading old post's and try and duplicate those entry's in back testing.
Attached Image (click to enlarge)
Click to Enlarge Name: TekkieGBP.png Size: 50 KB
  • #77,860
  • Edited 4:37am Mar 20, 2017 4:24am | Edited 4:37am
Quoting Tekkies
{quote} Did you look at support line? Is the entry above or below S/R. How many times did BigE posted to study old chart's and remember the how the chart looked like that gave lead to such a profatible trade? post#2617. {image}
Of course, I look at suppost and resistant. I don't know how many time BigE posted simmlar old chart's.
Perhaps you do not understand my question.

When I read and re-read post#647. I see this words:
Am I in or close to a consolidation area...

Are the previous candles small...

For me, it means that we don't need to enter in or close to consolidation area.
If you entered, we understand this two lines differently.
I would like know how do you understand this line.

Thanks.
There is no reason to trade if there is no reason to trade.
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