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Trading Made Simple

  • #101,681
  • Mar 20, 2020 10:25am Mar 20, 2020 10:25am
Quoting Chenzo25
{quote} Hows that Monopoly money coming along?
The Monopoly money is accumulating very well. Also the REAL money.

Quoting Chenzo25
How can you waste so much time on the computer and not make any money? What a waste of time.
Apparently, you don't manage your time very well. One man's garbage is another man's gold. Just because you cannot figure out how a demo account can help your trading does not mean that the same is true for everyone else.

Quoting Chenzo25
You demo trade for 5 pips at a time with a draw down that would wipe out anyone's real account.
You're wrong again. I have had similar drawdown in my real accounts; it never reaches margin call. I have never blown a real account, but I have closed one in the early days of trading when the balance got VERY low.

Quoting Chenzo25
You say all you need is 10 pips.. Well, someone who trades live and heavy lots I can tell you that's not true. }
So maybe you need to rethink your money management strategy. Or, you just keep on making money the way that you do and I will keep on making money the way that I do.
To free Gazans of Hamas, use whatever it takes.
  • #101,682
  • Mar 20, 2020 10:40am Mar 20, 2020 10:40am
Quoting Chenzo25
As someone who trades with REAL money I can tell you its very nerve wracking being down like that. Someone who's not experienced or has the Stomach for it will close trades for a loss.
And this is an indication that you are risking more money than you can comfortably part with. Otherwise, no nerve wracking would be involved. Before I open any real trade, I have a DOLLAR amount that I am looking at as a possible loss. I decide if I am willing to GIVE AWAY that amount of money. If the answer is no, I either do not make a trade or I reduce the amount of dollars, do some recalculations, and then if the rest of the numbers look good, I open the trade with less DOLLARS put at risk.

About the only thing you are right about is that demo trading is not the same as live trading. There are several factors that are different, and emotional involvement is one of them. For most people that I have dealt with, even demo trading evokes strong emotional reactions. So how much worse it would be if that person were trying to trade a real account. If you can't get past "nerve wracking" in a demo account, how can you hope to trade a real account? And seeing some people finally able to trade a demo account rather calmly, both during losses and wins, and then seeing moving up to big lot sizes and letting them see the DOLLARS that the trade is going negative (or positive) rather than simply looking at the pip count, they now are in a typical emotionally charged state that would not occur if it were simply smaller lots in a smaller account. But this "problem" can also be overcome.
To free Gazans of Hamas, use whatever it takes.
  • #101,683
  • Mar 20, 2020 10:54am Mar 20, 2020 10:54am
Quoting amiralifx
{quote} my two orders closed with +14pips {image}
smart move; take some pips to the bank and look for another set up on Monday.
also, after some more bars passed, you see a higher low formed--not a good sign for continuing down until another swing high comes in that could easily make at least an even top with the previous one.
To free Gazans of Hamas, use whatever it takes.
  • #101,684
  • Mar 20, 2020 12:00pm Mar 20, 2020 12:00pm
Quoting DrDave
{quote} No one except the specific user can tell how well anyone is doing with this method because there is no evidence presented to make a judgement. Lots of talk, lots of single-instance charts, but no actual proof at all.
Proof - what do you mean by this?
Lessons like those in this thread?
trading is war - life is simple
  • #101,685
  • Mar 20, 2020 12:41pm Mar 20, 2020 12:41pm
Quoting josch
{quote} Proof - what do you mean by this? Lessons like those in this thread?
No need to joke with us--the entire thread from about 2016 is a joke.

But really, everyone has his own criteria for "proof". And I am confident that not a single viewer of this thread has seen proof presented in the thread that the system or any derivative of it has long term profitability. And I do not expect proof will ever be provided.
To free Gazans of Hamas, use whatever it takes.
  • #101,686
  • Edited 1:32pm Mar 20, 2020 12:54pm | Edited 1:32pm
Follow TDI.
Understand what BigE has posted in this thread.
- TDI crossover:
-- Green must be visible on the other side of red
-- Green angle above / below 2 / 4
-- Avoid to place any trade between 2 / 4
-- Enter trade at the beginning of the "cross-over bar"
-- Try not to re-fresh chart

When you are hungry for success, you will work hard for that success.
- Emmanuel was trying to bait Tekkies with: "reading my post at 3AM your local time", Tekkies was working, paper trading TDI.

The chart below was not refreshed for 24 hour's.
Post#25 TDI used (read Post 101,636) bottom part.

Test it yourself on a live chart.
Tekkies can not do that for you also.
Attached Image (click to enlarge)
Click to Enlarge Name: muchsds.PNG Size: 73 KB


Edit: a little spreadsheet to play with.
(lot size, profit amount can be different to that of your broker)
Attached File(s)
File Type: xlsx gbpjpy.xlsx   13 KB | 300 downloads
  • #101,687
  • Mar 20, 2020 12:56pm Mar 20, 2020 12:56pm


This thread OP said:

Proof, proof, proof..... come on gang. We got members here making money hand over fist... filling their gold wheelbarrows....

Suck it up, follow the simple rules and trade Demo until you build your confidence.

Snarlyjack kicks bootie all the time. Once in a while we get kicked in the tail end.... so what... that's the forex. If you can't handle the heat stay out of the kitchen.....

The reason I post Training Charts is so you'll no what to look for... how to recgonize it and where to jump in.

For those newbies go to www.babypips.com and learn about basic forex principals.. I did years ago. It's worth the time.

You can do it...

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #7577 proof proof proof 21-3-2020 1-50-10 am.png Size: 81 KB


#7577
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #101,688
  • Mar 20, 2020 1:06pm Mar 20, 2020 1:06pm
Quoting amiralifx
{quote} my two orders closed with +14pips {image}
I think that your original TP was hit now. So now you must go kick yourself and cry , "Oh, if only I would have..."--right?

WRONG! You have an opportunity to study this on the weekend and examine smaller timeframes and see if you find some condition that would have signaled to simply stay in the trade. One possibility: simply move SL to about 5 pips instead of exiting and then just leave it to either play out, or close it just before the end of the day. Maybe you won't find anything that is convincing to stay in, so the exit was your correct action.
To free Gazans of Hamas, use whatever it takes.
  • #101,689
  • Mar 20, 2020 1:08pm Mar 20, 2020 1:08pm
Quoting Tekkies
Follow TDI. Understand what BigE has posted in this thread. - TDI crossover: -- Green must be visible on the other side of red -- Green angle above / below 2 / 4 -- Avoid to place any trade between 2 / 4 -- Enter trade at the beginning of the "cross-over bar" -- Try not to re-fresh chart When you are hungry for success, you will work hard for that success. - Emmanuel was trying to bait Tekkies with: "reading my post at 3AM your local time", Tekkies was working, paper trading TDI. The chart below was not refreshed for 24 hour's. Post#25 TDI used...
HEYYYYYYY! This chart is all HINDSIGHT! HINDSIGHT IST VERBOTEN!!
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #101,690
  • Mar 20, 2020 1:13pm Mar 20, 2020 1:13pm
Quoting emmanuel7788
This thread OP said: Proof, proof, proof..... come on gang. We got members here making money hand over fist... filling their gold wheelbarrows.... Suck it up, follow the simple rules and trade Demo until you build your confidence. Snarlyjack kicks bootie all the time. Once in a while we get kicked in the tail end.... so what... that's the forex. If you can't handle the heat stay out of the...
W-H-OO-P-EE-EE-EE!! I CAN SAY IT TOO!!!
PROOF, PROOF, PROOF!
C'MON EVERYBODY, SAY IT WITH ME! PROOF, PROOF, PROOF!
Make it so, number one!
To free Gazans of Hamas, use whatever it takes.
  • #101,691
  • Mar 20, 2020 1:16pm Mar 20, 2020 1:16pm
Quoting Tekkies
Follow TDI. Understand what BigE has posted in this thread. - TDI crossover: -- Green must be visible on the other side of red -- Green angle above / below 2 / 4 -- Avoid to place any trade between 2 / 4 -- Enter trade at the beginning of the "cross-over bar" -- Try not to re-fresh chart When you are hungry for success, you will work hard for that success. - Emmanuel was trying to bait Tekkies with: "reading my post at 3AM your local time", Tekkies was working, paper trading TDI. The chart below was not refreshed for 24 hour's. Post#25 TDI used...
#463# limitations

These below is your quickest way to the next MARGIN CALL

Tekkies wrote:
Follow TDI.
Understand what BigE has posted in this thread.
- TDI crossover:
-- Green must be visible on the other side of red
-- Green angle above / below 2 / 4
-- Avoid to place any trade between 2 / 4
-- Enter trade at the beginning of the "cross-over bar"
-- Try not to re-fresh chart

------------------------------------------------

Another of his hindsight chart ... buy here ... sell here .... wheelbarrow of pips...

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies 101,688 21-3-2020 2-06-47 am.png Size: 252 KB


Now that London is closed. It's 5am here and good time for an early morning run with my dog to the seafront for some fresh ocean air.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #101,692
  • Mar 20, 2020 1:22pm Mar 20, 2020 1:22pm
Quoting DrDave
{quote} I think that your original TP was hit now. So now you must go kick yourself and cry , "Oh, if only I would have..."--right? WRONG! You have an opportunity to study this on the weekend and examine smaller timeframes and see if you find some condition that would have signaled to simply stay in the trade. One possibility: simply move SL to about 5 pips instead of exiting and then just leave it to either play out, or close it just before the end of the day. Maybe you won't find anything that is convincing to stay in, so the exit was your correct...
Come Dave, be fair.
That will be studying HINDSIGHT chart's.
You will upset Emmanuel. now that is not very gentleman of you.
PROOF, PROOF, PROOF!
  • #101,693
  • Mar 20, 2020 1:40pm Mar 20, 2020 1:40pm
Quoting emmanuel7788
{quote} #463# limitations These below is your quickest way to the next MARGIN CALL Tekkies wrote: Follow TDI. Understand what BigE has posted in this thread. - TDI crossover: -- Green must be visible on the other side of red -- Green angle above / below 2 / 4 -- Avoid to place any trade between 2 / 4 -- Enter trade at the beginning of the "cross-over bar" -- Try not to re-fresh chart ------------------------------------------------ Another of his hindsight chart ... buy here ... sell here .... wheelbarrow of pips... {image} Now that London is closed....
Post 101,649
What do you call your advice when the trend is already 8 bars old?
Attached Image
  • #101,694
  • Mar 20, 2020 1:47pm Mar 20, 2020 1:47pm
This used to be a great thread. While I no longer use the TMS strategy alone, I learned a lot from it and I still use some of the key strategies offered here. I personally spoke with ellfranz before he passed. He was so helpful and passionate about this thread. He would have never put up with all the arguing. Instead, he would have continued to nurture successful traders.

Honestly, the thread started by RobinHood is very good - Trading Made Simple(r) – it’s worth some studying. It has helped considerably to increase my win rate.

I am going to un-subscribe from TMS because the rock throwing is getting old. Good Luck.
Without vision, the people will perish.
  • #101,695
  • Edited 3:44pm Mar 20, 2020 3:01pm | Edited 3:44pm
All that Tekkies did was to combine BigE's advice.

Now all of a sudden it is the quickest way to margin call
Really?
----------------------
These below is your quickest way to the next MARGIN CALL
Tekkies wrote:
Follow TDI.
Understand what BigE has posted in this thread.

- TDI crossover:
#4298.... The key to understanding is studying old charts to build your confidence in the TDI Crossover/entries... burn it in your mind.
Take Note: BigE mentioned old chart's
So BigE posted Post 2 old chart's with vlines and Tekkies hindsight chart ... buy here ... sell here ....

-- Green must be visible on the other side of red
#115.... A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side).

-- Green angle above / below 2 / 4
-- Avoid to place any trade between 2 / 4
Post 97,094
Attached Image


-- Enter trade at the beginning of the "cross-over bar"
#6.... We Enter a trade when green crosses red on the TDI at the beginning of that candle

-- Try not to re-fresh chart
#1388- I don't refresh my TDI... just trade it like I see it...
#1827 - I don't refresh my charts while trading... creates more confusion I think...
#7622 - Do I refresh my TDI – NO
  • #101,696
  • Mar 20, 2020 7:25pm Mar 20, 2020 7:25pm
Quoting bythepound
This used to be a great thread. While I no longer use the TMS strategy alone, I learned a lot from it and I still use some of the key strategies offered here. I personally spoke with ellfranz before he passed. He was so helpful and passionate about this thread. He would have never put up with all the arguing. Instead, he would have continued to nurture successful traders. Honestly, the thread started by RobinHood is very good - Trading Made Simple(r) – it’s worth some studying. It has helped considerably to increase my win rate. I am going to un-subscribe...
Hi Dan

Very good that you drop by. You started with Big E in his old thread and you have also helped other members during that period.

In the recent years I have been in contact with several members who were trading with Eric in his old thread and also some members in this thread who were in the Skype groups.

Eric was not only helpful and passionate in helping people to learn to trade. Most important to me was also that he was a very honest person. As a family man and respected member in his community and he supported his community church. These are some of his values I remember Eric the OP whom we all fondly call Big E.

In Forex Factory, he shared with conviction and his passion his forex trading journey starting out as a newbie and through the years – 2008 to 2011, he shared what he learned from professional traders and how he developed new trading methods using his own knowledge and experience.
We lost a great person, a leader and mentor.

Eric' 5-Method is simple and elegant trend trading methodology which anyone can adopt his 5-Method as core trading methodology and develop different systems to trade in different market type conditions. Creating winning systems that fit the trader requires a lot more than just the 5-Method.
His work in Forex Factory will remain here despite all that has happening in this thread. No one can remove his legacy not matter what these people are doing after his passing.

My best wishes to you while you continue your own trading journey. I am contactable when you need any kind of help and I will share my knowledge and experience with you as I have done so in this thread for many years since 2012.

Take Care and Be Blessed.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #101,697
  • Edited 8:23pm Mar 20, 2020 8:07pm | Edited 8:23pm
Quoting Tekkies
All that Tekkies did was to combine BigE's advice. Now all of a sudden it is the quickest way to margin call Really? ---------------------- These below is your quickest way to the next MARGIN CALL Tekkies wrote: Follow TDI. Understand what BigE has posted in this thread. - TDI crossover: #4298.... The key to understanding is studying old charts to build your confidence in the TDI Crossover/entries... burn it in your mind. Take Note: BigE mentioned old chart's So BigE posted Post...

hey Tekkies aka "boldy"

Do you really think people reading Forex Factory are ignorant and naive like you are?

Mar24, 2016

its started "Just a newbie to other newbies"

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies Newbie to newbies Mar 24, 2016.png Size: 47 KB


then a matter of few moths, Sep 22, 2016

a newbie found TDI ... your Holy Grail

win-rate of 85% to 90% in just 6 months?

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies Holy Grail Sep 22, 2016.png Size: 50 KB


Now we all know why you got that pet name "boldy".
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #101,698
  • Mar 20, 2020 8:21pm Mar 20, 2020 8:21pm
Quoting emmanuel7788
{quote} USDSGD Mar 20 the battle line 1.4500 I do my conversions today latest tomorrow. some think it is great value to buy some SingDollars now... {image}
USDSGD Mar 20 Close.

We have a Inside Day closed on Friday March 20.

I will go to my bank happily on Monday morning and do my next transaction.

Next week, watch these EURSGD, GBPSGD and AUDSGD... "crisis crosses" pairs.

Attached Image (click to enlarge)
Click to Enlarge Name: USDSGD Mar 20 closed Inside Day 21-3-2020 9-13-15 am.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #101,700
  • Mar 20, 2020 8:28pm Mar 20, 2020 8:28pm
Quoting Tekkies
Follow TDI. Understand what BigE has posted in this thread. - TDI crossover: -- Green must be visible on the other side of red -- Green angle above / below 2 / 4 -- Avoid to place any trade between 2 / 4 -- Enter trade at the beginning of the "cross-over bar" -- Try not to re-fresh chart When you are hungry for success, you will work hard for that success. - Emmanuel was trying to bait Tekkies with: "reading my post at 3AM your local time", Tekkies was working, paper trading TDI. The chart below was not refreshed for 24 hour's. Post#25 TDI used...

Compare your live chart and mine,

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #101,688 chart.png Size: 242 KB


look at the two TDIs versions in same sub-window and you can see the differences , re-painted and before re-painting...
So much for the TDI is the Holy Grail rubbish nonsense!

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Mar 20 LC TDI compare 21-3-2020 2-22-41 am.png Size: 70 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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