hi
In case some one drops by to check the stream (or did). it is cancelled for tonight
sorry about very late notice
In case some one drops by to check the stream (or did). it is cancelled for tonight
sorry about very late notice
1
Trading Made Simple the right way, and other trading lessons 333 replies
Monitor for 'Trading Made Simple' system 563 replies
Indicators for the 'Trading Made Simple' system 343 replies
MTF Indicators for the 'Trading Made Simple' system 241 replies
Trading Made Simple system follower - Thanks to eelfranz 9 replies
DislikedEurcad from Oct-Dec 2016 on 4h chart, simply looking st green line and stochastic: 52 trades, with 39 profit (75%), 8 loss if small pips (no SL) and 5 equal (less than a couple of pips difference)Ignored
DislikedTrading forex implies being able to forcast the direction of the market in order to get profit. The direction of the market is affected by a large number of variables. Each of these variables interacts with one another, creating a complex system. The technical chart and instruments provided by bigE represent an attempt to simplify such vast complexity of the market. According to me, it is therefore purposeless, confusing and useless trying to identify the numerous fundamental and technical variables of the market which are outside bigE strategy,...Ignored
Disliked{quote} I was never afraid of the simplicity of this 5-Method. The thing that made me afraid was the aggressive way Big E traded back then and the high risk he took in risking 15% to 30% of his account deposit per trade. His aggressive entry on reversals using the APB/HA candles -candle#1 and candle #2 is far too risky for most inexperience traders. Risking 15% to 30% without any use of Position Sizing can lead to huge losses. Not using hard Stop Loss is another very risky and dangerous way to trade. You need to know the man and his lifestyle to...Ignored
Disliked{quote} I was never afraid of the simplicity of this 5-Method. The thing that made me afraid was the aggressive way Big E traded back then and the high risk he took in risking 15% to 30% of his account deposit per trade. His aggressive entry on reversals using the APB/HA candles -candle#1 and candle #2 is far too risky for most inexperience traders. Risking 15% to 30% without any use of Position Sizing can lead to hugelosses. Not using hard Stop Loss is another very risky and dangerous way to trade. You need to know the man and his lifestyle to...Ignored
Disliked{quote} I was never afraid of the simplicity of this 5-Method. The thing that made me afraid was the aggressive way Big E traded back then and the high risk he took in risking 15% to 30% of his account deposit per trade. His aggressive entry on reversals using the APB/HA candles -candle#1 and candle #2 is far too risky for most inexperience traders. Risking 15% to 30% without any use of Position Sizing can lead to
hugelosses. Not using hard Stop Loss is another
veryrisky and dangerous way to trade. You need to know the man and his lifestyle to understand...Ignored
Disliked{quote} Couldn't agree more Emmanuel - if you get the Psychology and MM right, even a 50:50 system with 1:3 RRR will provide more than adequately. As you say - back testing doesn't give exactly what is needed as formation can't be seen in backtesting...RHS of screen STICKING to plan is the only way to test/validate a system...........once the Psyche and MM are sorted ( IMHO btw :/)Ignored
Disliked{quote} I did backtest from May to September 2016 included. This is the result: 80% positive trades 14% negative trades (max negative pips 40, never trigged SL, average negative pips 10) 6% equal trades. it is amazing how three factors in combination (green line crossing red with inclination, HA bar color and shape, stochastic orientation and inclination) are highly predictive of market moves. In particular, even a very small green line crossing, accompanied by the congruent HA bar color and shape and congruent stochastic, can intercept very early...Ignored
Disliked{quote} Hi the divergence is only confirmed when the price is confirmed to be a High and have turned down if candles keeps going up and breaks the high from where you draw the line, it will not be a divergence also, Trump speaks in 15min, it may cause some unpredictable movment on charts, especially on LTFIgnored
DislikedBachtest of BigE's strategy with USDCAD on 1D chart from May to January included: 78% positive 16% negative 5% equal Much more pips if opening trade in reversal, when green line merges with red line and stochastic gives a clear signals. It seems the stochastic has the power to identify reversal earlier then green price line.Ignored
DislikedToo much time is being spent on TDI and Stochastics, Too little time time on Price Action and Support/Resistance. And no time spend on Money Management, Risk Management for entries and exits, When and How to Let Profits Run. You need to find your WINNING EDGE and the TDI is not in the winning edge equation.Ignored
DislikedToo much time is being spent on TDI and Stochastics, Too little time time on Price Action and Support/Resistance. And no time spend on Money Management, Risk Management for entries and exits, When and How to Let Profits Run. You need to find your WINNING EDGE and the TDI is not in the winning edge equation.Ignored