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Trading Made Simple

  • #129,121
  • Feb 25, 2022 11:01pm Feb 25, 2022 11:01pm
Quoting Tekkies
Hi Vincent. Any particular reason you don't follow your own advice that you so eagerly post in this thread? Post 128,988 close all 4 hour trades by 6am Pacific.... Post 129,064 "Cut-Losses Short" Keep trades open for more then one day, not to mention the weekend of 18 Feb 2020 Keep losing trades open for extend time period. Enter sell trades above the 5 EMA Close sell trades below the 5 EMA Enter...
Just look at the risk control of those trades.

1. Entries are bad timing as price immediately went opposite direction to DD.
2. Averaging Down

BigE's Trading Made Simple focuses on accuracy. #647 with TDI would be a good place to start.
The trades would mostly go into profit zone as price is on the way moving in favor of the trade as they are opened. Management would be secure profit fast at BE or better if price pullback.

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  • #129,122
  • Feb 25, 2022 11:31pm Feb 25, 2022 11:31pm
Quoting tommydoginti
{quote} Just look at the risk control of those trades. 1. Entries are bad timing as price immediately went opposite direction to DD. 2. Averaging Down BigE's Trading Made Simple focuses on accuracy. #647 with TDI would be a good place to start. The trades would mostly go into profit zone as price is on the way moving in favor of the trade as they are opened. Management would be secure profit fast at BE or better if price pullback. {image}{image}

hey @tommydog...

you are commenting on what @Tekkies wrote to mislead people. he does not know how Big E traded his 5-Method with TMS and
@Tekkies obviously does not know how I trade Big E' 5-Method.

questions to you:

how many Weekly chart live trades did Big E posted in this thread?

did he risk 15% to 30% of his $10,000 account all in one single entry trade?

you mentioned Averaging Down but I am not averaging down with my TMS MEME approach when I use Position Sizing and Average Price Bar for the basket of trades. My maximum risk $amount for each basket of maximum 5 trades in one basket is far much less than Big E' risk 15% to 30% per single trade.

Big E' aggressive trading style is based on price action + MOMENTUM which he see using the RSI green price line in the 2006 original TDI version from Dean Malone. He has another less aggressive trading style which some say conservative trading style.

It is not only reversals but also CONTINUATION price action setups as he often replied to members questions asked in this thread. Both REVERSAL and CONTINUATION trades setups can be traded without the Stoch and TDI. You can look at my 2018 Trade Explorer { here } That 2018 was the first year I removed the TDI from my TMS MEME and created my own system TMS EVO.
This is just one currency pair traded in that Trade Explorer.
In TMS EVO system strategy, we trade a selection of 5 currency pairs from a group of 5. And we manage our trading business based on a 20-trading days cycle 20TDC and with a target of 10% profit per 20TDC. This will help us reach an average monthly profit of 20% per month over a period of 36 months 3 years.

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Both REVERSAL and CONTINUATION trade setups are what he would teach new traders to use both the Stochastics and TDI 'signals' to give them confidence to trade his 5-Method.

Big E has clearly stated in his posts below, that we can trade his 5-Method without the Stoch and TDI. These are more than 10 years ago.

#3044 Jan 20, 2011

#3103 Jan 26, 2011

#3418 Feb 12, 2011

#2617 May 16, 2011

#296 Nov 4, 2008



... more /
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,123
  • Feb 25, 2022 11:43pm Feb 25, 2022 11:43pm
Quoting tommydoginti
{quote} .... I also don't see BigE referred Overbought or Oversold. I also don't use this concept. TMS is to open trade as price reverses and TDI crosses, which for SMA in same period setting is usually a cross of price, but MA cross price has less

@tommydogie wrote: "I also don't see BigE referred Overbought or Oversold. "

NO!

The common RSI levels are 70 and 30.

Big E knows what those TDI 68 and 32 levels. He has some posts and trades where he did mention trading away from 68 and 32 levels of the TDI

Dean Malone created the fancy Traders Dynamic Index as his system market tool to sell his systems. Nothing magical about adding moving averages to the RSI data to show nice and smooth colourful lines. Its all marketing to sell training courses, trading systems, sell subscriptions, indicators, expert advisors, etc.

Do you due diligence ... where is Dean Malone the past 3 years?

My conclusion:
There is nothing wrong with the TDI and all the versions.
Why do traders lose money trading using the TDI version.
Simple answer is the Market Type conditions are different and not knowing how to read the TDI information to the extent it changes according to the Market Types.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,124
  • Feb 25, 2022 11:51pm Feb 25, 2022 11:51pm
Quoting tommydoginti
{quote} How Stoch can confirm the direction, it is oscillator? BigE's Trading Made Simple, esp the TDI cross trade setups, are catching the swing up/down as price reverses with momentum leading to TDI cross. In your thread you mentioned oscillator is good to time the exit, it implies price would likely reverse at that point and also an opportunity for a trade to be opened in opposite direction. In your previous post you also mentioned "A big candle can change the value from >80 to <20" (Practically impossible in Fx but yea I get your point). Candle...

@tommydog...

did you read Post#338?

I love taking short trades off the 68 line or just below and long trades long off the 32 line area... made tons of pips when that opportunity presents itself..


Quoting eelfranz
33Drifter... I love taking short trades off the 68 line or just below and long trades long off the 32 line area... made tons of pips when that opportunity presents itself...

>>> In other words, he love trading in ranging market type conditions where the 4hr swing 3 to 8 HA candles
>>> this is where both Stoch and his TDI#25 work in synergy for Big E.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,125
  • Feb 25, 2022 11:54pm Feb 25, 2022 11:54pm
Coming by this thread is a lot driving through an old neighborhood to see what is left of it.

I am not sure how stoch got the overbought oversold thing when the author of the indicator says that there is only one reason to buy or sell with this indicator.

Homework for anyone who cares.
Attached File(s)
File Type: pdf Lane-Stochastics.pdf   56 KB | 550 downloads
If you are good at something, never do it for free--Joker
  • #129,126
  • Feb 26, 2022 12:05am Feb 26, 2022 12:05am
Quoting jmn5611
Coming by this thread is a lot driving through an old neighborhood to see what is left of it. I am not sure how stoch got the overbought oversold thing when the author of the indicator says that there is only one reason to buy or sell with this indicator. Homework for anyone who cares. {image}
the old and wise ....

Quoting eelfranz
Kudz, There are always going to be people who slam using Stochastics or any other indicator. Like you said... you have to learn how to use it like you have to learn how your favorite pair responds in the market place. I have been burned once in a while however, most of the time it was my fault for reading the market incorrectly. Just because you can bring an indicator up on your chart doesn't mean you know how to use it correctly. Learning to trade is a lifetime process. Develop a trading system that fits you and practice, practice, practice. When...
There are always going to be people who slam using Stochastics or any other indicator. Like you said... you have to learn how to use it like you have to learn how your favorite pair responds in the market place.

I have been burned once in a while however, most of the time it was my fault for reading the market incorrectly.

Just because you can bring an indicator up on your chart doesn't mean you know how to use it correctly.

Learning to trade is a lifetime process. Develop a trading system that fits you and practice, practice, practice. When your confident... go live.

Learn to tweek your strategy to stay up with changing market conditions. If your mentally burned out, take a week off.

Take your time to learn how to trade. Newbies want to trade live right off the bat... and I thank you for all those pips you paid for... that I get to keep. Take the time to enjoy the learning experience. There is no hurry... only in your mind.

I profit every day by using Stochastics. I hope you will too. It's just part of the puzzle.

Big E
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,127
  • Feb 26, 2022 12:33am Feb 26, 2022 12:33am
Quoting emmanuel7788
{quote} @tommydog... did you read Post#338? I love taking short trades off the 68 line or just below and long trades long off the 32 line area... made tons of pips when that opportunity presents itself.. {quote} >>> In other words, he love trading in ranging market type conditions where the 4hr swing 3 to 8 HA candles >>> this is where both Stoch and his TDI#25 work in synergy for Big E.

You are correct.

That means BigE did not trade simply because the TDI is at very high/low levels, ie not as some say “buy at oversold” or “sell at overbought”. TMS trades as price reverses.

This is just an additional confluence but not necessary

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  • #129,128
  • Feb 26, 2022 12:41am Feb 26, 2022 12:41am
Quoting emmanuel7788
{quote} hey @tommydog... you are commenting on what @Tekkies wrote to mislead people. he does not know how Big E traded his 5-Method with TMS and @Tekkies obviously does not know how I trade Big E' 5-Method. questions to you: how many Weekly chart live trades did Big E posted in this thread? did he risk 15% to 30% of his $10,000 account all in one single entry trade? you mentioned Averaging Down but I am not averaging down with my TMS MEME approach when I use Position Sizing and Average Price Bar for the basket of trades. My maximum risk $amount...
Ditch your averaging down strategy and pick up BigE’s Trading Made Simple.

It is really not that complicated. better than your win 1 lose 10 MEME crap

Crank up your entry accuracy instead of “positioning” yourself to hope and pray to recover your DD.

Just like your GU sell

Good luck

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  • #129,129
  • Feb 26, 2022 12:43am Feb 26, 2022 12:43am
Quoting emmanuel7788
{quote} hey @tommydog... you are commenting on what @Tekkies wrote to mislead people. he does not know how Big E traded his 5-Method with TMS and @Tekkies obviously does not know how I trade Big E' 5-Method. questions to you: how many Weekly chart live trades did Big E posted in this thread? did he risk 15% to 30% of his $10,000 account all in one single entry trade? you mentioned Averaging Down but I am not averaging down with my TMS MEME approach when I use Position Sizing and Average Price Bar for the basket of trades. My maximum risk $amount...

57.1% is not a bad result but you need to control your Drawdown. This is the way to consistency.

One of the indication is risk of ruin

The point it not to look at the gain of 61% in a year, but the Max DD (of equity, such Myfxbook records max DD). Train yourself on BigE’s TMS for accuracy and trade with SL instead of “building positions” on your losing trades praying price to get back to BE.

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  • #129,130
  • Feb 26, 2022 1:28am Feb 26, 2022 1:28am
Quoting tommydoginti
{quote} Ditch your averaging down strategy and pick up BigE’s Trading Made Simple. It is really not that complicated. better than your win 1 lose 10 MEME crap Crank up your entry accuracy instead of “positioning” yourself to hope and pray to recover your DD. Just like your GU sell Good luck {image}

hey @tommydog

so you come to this thread with your 2 years trading experience and now talk like some trading guru in this TMS thread

and now want to start the same old mudslinging with me using that old 2017 CI500 project live testing with Trade Explorer.

you have no fucking idea what is TMS when Big E started this thread.

shall we discuss some of your posts where you posted dubious marked up fake trades ?

let's start with just a few of your posts below,

#124,102
#124,113
#124,123

now you have the time and can go back to your post and explain each of the trades on those charts.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,131
  • Feb 26, 2022 1:35am Feb 26, 2022 1:35am
Quoting tommydoginti
{quote} Ditch your averaging down strategy and pick up BigE’s Trading Made Simple. It is really not that complicated. better than your win 1 lose 10 MEME crap Crank up your entry accuracy instead of “positioning” yourself to hope and pray to recover your DD. Just like your GU sell Good luck {image}

@tommydog...

You don't like my this week' GBPUSD sell trade ... that's your problem when you cannot trade Weekly chart price action like Big E.

here is my GBPUSD trades closed Feb 25.

can you see the Price Action and the Market Type conditions why I sell with managed risk and make some money while you have to wait for a reversal.
Use TMS EVO money management kedging strategy***.

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in case you missed Big E ' Weekly chart trade, here is the link:

Weekly trade examples
#700
https://www.forexfactory.com/showthr...00#post4582200
#1967
https://www.forexfactory.com/showthr...07#post4605507


*** kedging is not hedging
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,132
  • Feb 26, 2022 1:46am Feb 26, 2022 1:46am
Quoting tommydoginti
{quote} 57.1% is not a bad result but you need to control your Drawdown. This is the way to consistency. One of the indication is risk of ruin The point it not to look at the gain of 61% in a year, but the Max DD (of equity, such Myfxbook records max DD). Train yourself on BigE’s TMS for accuracy and trade with SL instead of “building positions” on your losing trades praying price to get back to BE. {image}{image} {image}

@tommydog

57.1% is not good enough for me with a maximum drawdown of 10%.

I am looking at a minimum 10% for every 20 trading days cycle CONSISTENCY. My target performance is to get 10% hit on an average 10 and 15 trading days and roll. over. Do not look at calendar month.

For someone with only 2 years trading experience, you are talking more crap than most people in FF.

"TMS accuracy" ? keep on dreaming on this. Big E has no accuracy because he never posted any live trades over the period 2010 and 2011, no TE, no myfxbook , etc.

You want to believe there is TMS accuracy ... that another fallacy of rookie traders.

You can continue with your single entry single exit trading and we shall all see how long you will survive in 2022 and 2023 and .....


Good Luck, you will need this more when you have yet to develop the trading skills.

Edit:

I do not worry about Drawdown when I am trading with KEDGING money management strategy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,133
  • Feb 26, 2022 2:13am Feb 26, 2022 2:13am
Quoting tommydoginti
{quote} You are correct. That means BigE did not trade simply because the TDI is at very high/low levels, ie not as some say “buy at oversold” or “sell at overbought”. TMS trades as price reverses. This is just an additional confluence but not necessary {image}

@tommydog

You were wrong when your said Big E did not refer to 'Overbought' and 'Oversold'. He did and he use those levels 68 and 32 on his TDI#25.

Read his posts and learn to piece together all his 463 posts in this thread. You will learn that there is no such thing as TMS accuracy which is your fallacy.

You have plenty to learn from Big E's posts on how he pick only the best setups and how many different chart templates he had to consult before he can pick only the best setups and avoid those 'iffy' one.

It has been written before, Big E' trading has a lot of discretionary elements which come from his 15 years trading experience.

Do you have that same 15 years trading the stock market and retail spot forex market?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,134
  • Edited 4:10am Feb 26, 2022 3:00am | Edited 4:10am
Hey Tommy, are you enjoying the laughs this week? Like how Vincent claims that he does not average down, but instead uses "position sizing with average price bar on a basket". ROFLMAO!

And then look how he blew a gasket and went off on one of his angry rants because his abysmal trading ability was once again exposed. And he loves to keep displaying his awful performance with that EVO trade explorer from 2018 while claiming this is just 1 currency pair for that TE. Well, when trying to promote something, isn't the "smart" approach to display your BEST results?? So, if that pair is the best results, you can have a really good idea of just how terrible the results are for the other pairs

In addition, if EVO were actually so great, would you continue to display the results from 3 years ago, or would you display more current results (assuming that there are any results better than the abysmal 2018 results)? So, looks clear to me that there are no better results than what he continues to boast about--otherwise, he would be flooding the thread with them to demonstrate how great EVO is. What is not said is often as important or more important than what is said.

It looks like he is still trying to convince himself that if he just continues long enough doing the same (losing) thing, that it will eventually turn out positive. LOL. Poor delusional guy.
To free Gazans of Hamas, use whatever it takes.
  • #129,135
  • Feb 26, 2022 3:51am Feb 26, 2022 3:51am
Quoting emmanuel7788
{quote} Stochastics is 'useless' in certain market type conditions. It does not show the market's direction. It's an oscillator and has its inherent strengths and weaknesses. You need to learn to read the price and what the market type conditions are , and trade the system developed for that particular market type conditions. Example USDCAD February 2022 H4 with Daily and Weekly price candles option. {image} Weekly chart {image} ...
"You need to learn to read the price and what the market type conditions are, and trade the system developed for that particular market type conditions."

You mean like this:
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No thank you.
  • #129,136
  • Feb 26, 2022 4:18am Feb 26, 2022 4:18am
Quoting Tekkies
{quote} "You need to learn to read the price and what the market type conditions are, and trade the system developed for that particular market type conditions." You mean like this: {image} No thank you.
And don't forget about this one where he blew more of his account so badly that he was too embarrassed to post a follow up.

GBPUSD Feb22 NY Open'

> looking to sell some positions...

Yep. He's a real anti-master at trading the price and what the market type conditions are. Even with his averaging down nonsense, he said he has to WORK HARD every day just to keep his head above water. LOL. Poor loser just doesn't know when to quit. At least the medical schools were able to weed him out with their entrance exams. You can be sure that was a huge embarrassment to his parents. They probably refused to meet anyone in the community for months after that news because they had lost face.
To free Gazans of Hamas, use whatever it takes.
  • #129,137
  • Feb 26, 2022 5:07am Feb 26, 2022 5:07am
Just loved it how Tommy destroyed Vincent with facts.

What does Vincent do. Restoring to name-calling "Tommydog" and complaining about "2 years trading experience"
What Vincent has forgotten is that Tommy grow up in trading environment for his father was a trader.
(As a child I learned a lot from my father, how about you?)
-----
As to Post 129,131
Really? Does Vincent know so little about MT4
That little blue trend line is where a stop-loss have been activated by price.
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>>Take note that the third image is a duplicate of the second image
Here is one more
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  • #129,138
  • Feb 26, 2022 5:55am Feb 26, 2022 5:55am
Quoting Tekkies
Just loved it how Tommy destroyed Vincent with facts. What does Vincent do. Restoring to name-calling "Tommydog" and complaining about "2 years trading experience" What Vincent has forgotten is that Tommy grow up in trading environment for his father was a trader. (As a child I learned a lot from my father, how about you?) ----- As to Post 129,131 Really? Does Vincent know so little about MT4 That little blue trend line is where a stop-loss have been...

I just love it when @Tekkies once again show his ignorance of MT4 charting. He just made a bigger fool of himself here posting rubbish.

@tommydog has yet to reply my Post 129,131

and @Tekkies jump his usual rash action and did not have the MT4 charting skills to see the details of trade entries and exits on charts.

Here is the fact about MT4 real-time live trades on charts

- the trade entry and exit arrows markers must be on the same vertical date and time stamp line

- if the TP and SL are not on the same vertical date and time stamp, the trades are fake ... aka photoshop edited with copy and paste.


==========================


hey @tommydog

so you come to this thread with your 2 years trading experience and now talk like some trading guru in this TMS thread

and now want to start the same old mudslinging with me using that old 2017 CI500 project live testing with Trade Explorer.

you have no fucking idea what is TMS when Big E started this thread.

shall we discuss some of your posts where you posted dubious marked up fake trades ?

let's start with just a few of your posts below,

#124,102
#124,113
#124,123

now you have the time and can go back to your post and explain each of the trades on those charts.

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Click to Enlarge Name: tommydogie #124113 chart fake trades.png Size: 59 KB

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #129,139
  • Feb 26, 2022 6:01am Feb 26, 2022 6:01am
Quoting Tekkies
Just loved it how Tommy destroyed Vincent with facts. What does Vincent do. Restoring to name-calling "Tommydog" and complaining about "2 years trading experience" What Vincent has forgotten is that Tommy grow up in trading environment for his father was a trader. (As a child I learned a lot from my father, how about you?) ----- As to Post 129,131 Really? Does Vincent know so little about MT4 That little blue trend line is where a stop-loss have been...
I do not want to disclose my trades others than the original TMS including the follow up entries after those entries. That was something I worked on in Q4 last year. so I deleted some trades on the charts but left out those. Those entry time points are basically a lower time frame TMS.

That dude is just a loser with damaged ego. Gave him some baits and enjoy the fun.
  • #129,140
  • Feb 26, 2022 6:11am Feb 26, 2022 6:11am
Quoting emmanuel7788
{quote} @tommydog 57.1% is not good enough for me with a maximum drawdown of 10%. My target performance is to get 10% hit on an average 10 and 15 trading days and roll. over. Do not look at calendar month. For someone with only 2 years trading experience, you are talking more crap than most people in FF. "TMS accuracy" ? keep on dreaming on this. Big E has no accuracy because he never posted any live trades over the period 2010 and 2011, no TE, no myfxbook , etc. You want to believe there is TMS accuracy ... that another fallacy of rookie traders....
I am looking at a minimum 10% for every 20 trading days cycle CONSISTENCY.

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