Trading Made Simple

You can trade real money in the live market if you want to. Just because some people, even after many years of trying to trade, express that they have lost their shirts many times does not mean that you will lose even 1 shirt.

i testing EA TSM_V19 with all step settings. When backtest or live trade, EA doesn't make order. i don't understand!

GBPUSD looked like a good sell for me.

EURGBP M5 training chart

1-2-3 example

BINGO! hit 0.9011 again today

EURGBP training
It's all about classic 1-2-3...

H1 was in a very extended up swing and made a pullback. Check the pullback on M15.

M15 pullback starts to go sideways; monitor M5 for it to end and the up continuation to begin.

M5 displays end of the M15 pullback. Now look for M5 to continue up, make a pullback, then buy the M5 up continuation.

ALL classic 1-2-3.

Not bad.
You are almost as good as Tekkies with hindsight trading.

Maybe you missed the very first Line.
"EURGBP training"
"TRAINING" not "TRADING"

Maybe you'll find post #105,645 more to your liking. That is a TE capture; no hindsight involved. See the sell was from a 1-2-3 down up down, selling the down continuation?

Also, look to the left on that image. See a 1-2-3 up-down-up? Then came a 1-2-3 down-up-down.
It's all about the 1-2-3 and whether or not it ends, extends, or fails!

(That M5 extended to a 1-2-3-4-5-6-7-8-9! How could it be? Because your're looking at the wrong TF long before it reached swing 9.)

#105,645 is also not bad, although it is not a "honest" chart.

Why? Because it is a demo TE?

Demo account?
a Moot point.
Not posted in required time limit as specified elsewhere in this thread to be considered honest.

Because it is on a TE, posting time is no longer relevant. Can't alter or hide the trade, unlike with only a screen capture of an otherwise private account. The only thing that would be invalid if added after considerable time passed from the opening of the trade would be commentary about why the trade was entered. So, the commentary can be posted shortly after the trade entered, even without posting a screen capture of the chart because that trade entry is already "captured" in the TE.

Wow, the 2 of you are annoying! Why don't you guys open a trading Journal and call it D&T Demo Trading? After that move in together and sip mimosas while waiting for Emmanuel to post something so you can come on here and act like pros.

Hi, Chenzo

I see you changed your logo to: You will learn the most from your losing Trades
What happened to the old logo (something like): Only fools waste their time in FF
Must be realjumper's new thread where you can dump your chart's daily.
Now of course you don't want to be a fool?

Concede

I've had that for years. Am I not allowed to change it? Do I post a 1000x a month like you? No, I don't. So yes, you're still a fool and a demo trader.

Over 30 years period I read many investing/trading articles, some I recall vividly which made me keep copies in my library archives.

here is just one of the hundreds of articles:

by Chuck LeBeau

In browsing around the web I often encounter discussions of the merits of a particular trade and opinions about the direction of a market. I know that the traders who voice these opinions have good intentions and much of the discussions could be helpful to the person receiving the information. However the provider of the opinion must be very careful that he doesn't start believing too strongly in his position because he has made the mistake of going public with it.

This is an important psychological issue that I seldom see discussed. Taking losses is always difficult and the reluctance to promptly acknowledge that we are on the wrong side of the market is probably the single most costly error a trader can make. Even under the best of conditions we hate to take losses. Publicly advocating a particular trade or the direction of a market just makes being wrong all the more painful and harder to accept. If we make it a policy to go around advocating the merits of our trades it will only make it harder to recognize when we are wrong.

Many years ago when I was a young futures broker at E. F. Hutton and Company, the firm decided that it would be a good idea to send our commodity research analysts on the road whenever they came up with a well researched idea that appeared to have great potential. Let's assume for a minute that our sugar analyst has decided that sugar is going to make a big move to the upside over the next six months. After publishing his research he would be sent from city to city where he would speak at meetings for brokers and clients suggesting why everyone should be buying sugar. At first the analyst road shows seemed like a great idea. The clients received the benefit of hearing about a well-researched idea straight from the analyst himself and also had the opportunity to ask questions and engage the analyst in a discussion of the details of the sugar market. The clients enjoyed the meetings and a lot of new commodity business was generated as a result.

However, it turns out that the objectivity of the analysts was completely lost after the story had been told and the bullish scenario presented a dozen times or more. The analyst felt obligated to the firm and to the clients. The firm had spent a lot of money to send the analyst on the road and to host these meeting all over the country. As a result of the meetings the clients now knew the analysts by name and his personal and professional reputation was clearly on the line. This analyst was now committed and he was going to be bullish on sugar regardless of what happened in the market or what new information came to light. From the point of the tours onward the analyst would only look for information to support his opinion. To ever admit that he was wrong would be such public humiliation that the analyst would tend to ignore any contrary information and would stick to his original position through thick and thin. We eventually learned that the talented Hutton research analysts did a much better job when they were free to change their minds as new facts were revealed without the pressure and responsibility generated by their repeated espousing of a particular position on a specific trade.

Discretionary traders should learn from this example and avoid discussing their open positions or their opinion about the direction of a market. It will only distort their objectivity and make it harder to take a loss promptly when that is the best course of action. Losses that only we know about are tough enough but losses that everyone knows about become much harder to stomach and we tend to postpone our exits in hope that the market will eventually turn around and prove us right. Remember that the best discretionary traders are usually very neutral about their positions and tend to take their guidance from the price action and the flow of new information. Its OK to listen to others talk about their positions but don't make it a habit of discussing your open trades. It will only cost you money, especially if you repeat your opinions often enough that you might actually start believing what you are saying.

Fortunately, systematic traders seldom get married to a position. They enjoy the luxury of being able to blame the system if a trade doesn't work out. Since there is little personal attachment to any trade, the psychological problems of systematic trader are much different than those of discretionary traders. But even systematic traders have their share of psychological problems.

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To be a fool and a demo trader is not the worst.
There are again error's in your post:
- Changing logo won't change what you have posted in the past, you are now part of group you consider fools not so long ago.
- Who try to stop you to change logo?
- No wonder you fail in money management.
1000x a month over 54 month it is impossible to have only 4624 post.

Chenzo, stop drinking that mimosas it has a detrimental effect on the single brain cell you poses.

1) look in your MT4 Terminal folders - Expert and Journal, look for messages logged by the expert advisor TMS_V19.

2) confirm that your broker allows 0.01lot for XAUUSD.

3) when trying out TMS_V19 for the first time, just to be sure your version runs, do the 'first time test' with minimum technical conditions.



***
Note:
we are coming to the end of the pandemic lockdown in many cities/countries ... I will return to my own business very soon and will not have the time to support you all with TMS_V19. I only do this as I mentioned in my Post# 102,321.
If you still have not managed to get started, then you missed the 2~3 months window.
I have other PM requests which I will focus on starting in July and post topics requested.
***

here is the first alert for XAUUSD Jun 19 M5
screenshot taken by the expert advisor just 5 mins ago.