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Trading Made Simple the right way, and other trading lessons 330 replies

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Trading Made Simple

Quoting emmanuel7788
{quote} The most important thing now is to work on your Blueprint for Trading Success.
from where we get blue ink?
Be yourself
Quoting arcticklein
Experienced traders/profitable traders, what would you say are the main things that a novice traders need to focus on to work towards becoming a profitable trader?
treat the market as a "science"
Master Math
Master NEWS (experience it at least for 2 years)
Master Technical(only famous ones)
. . .
Be yourself
Quoting tassiebear
{quote} Ok I see. document your trading process - e.g. what you need to see on the charts, what level you enter, what is your risk, what is trade management approach, where is your take profit etc... be as precise as you can. document it and print it our, have it as your trade checklist next to the computer screen and always make sure you follow it. journal alll trades and every week review what happened, what worked and what didnt. start with a small account and keep your risk management right until you get confident in executing and you have 100...
Trading is a game of probabilities. you need to have trading edge on your side - i.e. probabilty of winning has to be larger than probability of losing, so that over time you make money.
to achieve that you need consistency. and for that you need to follow your system to the letter day in and day out.

I posted my process few pages back that might give you an idea what you need to prepare.- see https://www.forexfactory.com/thread/...2#post14284992
Quoting tassiebear
{quote} Trading is a game of probabilities. you need to have trading edge on your side - i.e. probabilty of winning has to be larger than probability of losing, so that over time you make money. to achieve that you need consistency. and for that you need to follow your system to the letter day in and day out. I posted my process few pages back that might give you an idea what you need to prepare.- see https://www.forexfactory.com/thread/...2#post14284992
My conclusion following this thread and the trading journey of the OP eelfranz is:

Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting tassiebear
{quote} I Finished off the daily candle EURUSD backtest for 4 years now. screenshot of the last two years attached. Trades: 99 Losers: 46 Winners: 53 Win Rate: 63.54% Total Return: 24.7 R Longest losing streak: 4 Longest winning streak: 8 Number of trades with -1 R:R: 4 For each trade I also look to do a partial TP of 50% at these levels and these are the following returns for each one: 1 x R:R = 22.9 1.25 x R:R = 24.675 1.5 x R:R = 22.75 2 x R:R = 22.465 Still a winning formula, not as great as the first two years, but overall there would be no...
Did you read this post?

https://www.forexfactory.com/thread/...93#post4808893
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} Did you read this post? https://www.forexfactory.com/thread/...93#post4808893
hi emmanueldo you have any back test result for h4?can you give me a good propositin for TP?is it better to chase the price with ha or tdi ? or is it better to use fix targets?when is good to risk free ? is it better to take partial profit or is it better to have one target?
This is going to be good.
Quoting Tekkies
This is going to be good.
@Tekkies

YES! ... TMS EVO_2023 new release is going to be good.

I just received confirmation that someone will provide another funded account.

Stay Tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting korosh1350
{quote} hi emmanueldo you have any back test result for h4?can you give me a good propositin for TP?is it better to chase the price with ha or tdi ? or is it better to use fix targets?when is good to risk free ? is it better to take partial profit or is it better to have one target?

hi @korosh1350

Yes, I have done lots of H4 back-testing years ago when I did trading system development. System development led me to develop TMS MEME 4H swing trading.
You can see the TMS MEME live trading performance posted here between 2015 and 2017.

For TP setting, use the ATR of the timeframes you want to trade. In TMS MEME I use the Daily' ADR(100) days and also the Weekly AWR(52) weeks, for both trade planning and target profits.

For TMS conservative traders, most use the TDI for exits Big E' post#7612. Synergy system traders use the HA candles and the PAC.
Synergy video > { here }
For TMS MEME 4H swing trading, I prefer to use the HA candles and lock profits as the trades progresses and trail the market using ADR ... "Let Profits Run" concept.

I do use a final 'fix' TP which is usually fairly large more than 5 times the initial SL. When I see a Weekly trend breakout, I can push the final TP to 2~3 times the AWR after profits locked. Just let the market decide the outcome.

TMS EVO_2023 will be Daily / Weekly Swing Trading. This strategy will be mainly trading the Market Types 1 and 2 which will run for 36 consecutive months and will run from 03/2023 till 02/2026. I will post my trade plans here starting March 2023.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Macd-rsi
{quote} from where we get blue ink?
bigger blue colour rounded fonts good for my eyes recovery after glaucoma eye surgery.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting korosh1350
{quote} hi emmanueldo you have any back test result for h4?can you give me a good propositin for TP?is it better to chase the price with ha or tdi ? or is it better to use fix targets?when is good to risk free ? is it better to take partial profit or is it better to have one target?
@korosh1350

here, just did a quick test EU H4 Jan to Dec 2022.

Its a disaster if we trade the TDI cross blindly and entry on HA candle#2.

Big E did not trade blindly despite he being 70% blind. He used his brain more after he lost his eyes vision.

Attached Image (click to enlarge)
Click to Enlarge Name: EU H4 Jan-Dec2020 16-1-2023 7-46-01 am.png Size: 15 KB


If you trade only the reversals setup at Pacific 10PM and 2AM, and close all trades at 6AM, you will not find many trades according to his Post#1 , Post#261 and Post#647. Many have tried and they have all given up.

Just follow his Post#281 and make the transition to trade 4-hourly ... but trade the Daily and Weekly chart conditions.

Stay Tuned for TMS EVO_2023 release ... soon!
.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} @Tekkies YES! ... TMS EVO_2023 new release is going to be good. I just received confirmation that someone will provide another funded account. Stay Tuned!
Really?
Come, be brave, link a live running visible TE to that funded account.
You don't want to do that, you have only posted more bullshit.
> All talk and never do readers see the walking.
Rather meaningless to post those winning trades now and then. Where are the bad ones?

Please don't post and say you are not a signal provider. You and Realjumper both posted to post live trade's as soon as possible after order has been placed.
Beside that, FF TE's have a delay up to 4 hours before updating
Quoting Tekkies
{quote} Really? Come, be brave, link a live running visible TE to that funded account. You don't want to do that, you have only posted more bullshit. > All talk and never do readers see the walking. Please don't post and say you are not a signal provider. You and Realjumper both posted to post live trade's as soon as possible after order has been placed. Beside that, FF TE's have a delay up to 4 hours before updating
@Tekkies

You have too much jealousy, anger and hatred in you.... that consumed you and you have a miserable life.

Now that you mention realjumper, isn't he is ONE who said you are too stupid to be posting in this thread?

Attached Image (click to enlarge)
Click to Enlarge Name: realjumper #105,543 Tekkies too stupid remark 16-1-2023 9-13-29 am.png Size: 12 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Tekkies
{quote} Really? Come, be brave, link a live running visible TE to that funded account. You don't want to do that, you have only posted more bullshit. > All talk and never do readers see the walking. Rather meaningless to post those winning trades now and then. Where are the bad ones? Please don't post and say you are not a signal provider. You and Realjumper both posted to post live trade's as soon as possible after order has been placed. Beside that, FF TE's have a delay up to 4 hours before updating
@Tekkies

this preview is for you to learn to trade and trade the 4hr:

TMS EVO_2023 PREVIEW Jan 16

AU Jan 16 open new basket at Tokyo Opening

- its HA candle#2 above 5EMA Typical Price, Shift+2

- pay attention to the Weekly OHLC candle and the Weekly HA candle

- remember to use Tymen's 2CLB Weekly for Risk Management

- now relax the next 4 hours and wait for the next setup signal and add to the basket


Attached Image (click to enlarge)
Click to Enlarge Name: AU Jan16 TMS EVO entry 16-1-2023 9-02-24 am.png Size: 26 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Tekkies
{quote} Really? Come, be brave, link a live running visible TE to that funded account. You don't want to do that, you have only posted more bullshit. > All talk and never do readers see the walking. Rather meaningless to post those winning trades now and then. Where are the bad ones? Please don't post and say you are not a signal provider. You and Realjumper both posted to post live trade's as soon as possible after order has been placed. Beside that, FF TE's have a delay up to 4 hours before updating///


"Beside that, FF TE's have a delay up to 4 hours before updating"


@Tekkies

well, if FF TE has a delay of up to 4hrs then there is FXBlue which you can see open trades in realtime and also can copy trades from MT4 to MT accounts.

here is link to FXBlue
go and sign up...

https://www.fxblue.com/


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Tekkies
{quote} Really? Come, be brave, link a live running visible TE to that funded account. You don't want to do that, you have only posted more bullshit. > All talk and never do readers see the walking. Rather meaningless to post those winning trades now and then. Where are the bad ones? Please don't post and say you are not a signal provider. You and Realjumper both posted to post live trade's as soon as possible after order has been placed. Beside that, FF TE's have a delay up to 4 hours before updating

@Tekkies

You want to see live trades opened?

Here is GU Buy Jan 16 ... its a H4 dynamic entry!

> do you understand TMS' Big E dynamic entry?

> pay attention to the Weekly APH/HA candle and the previous Week Price OHLC

> do you see the Weekly Price Action? what us that Price Action?


Attached Image (click to enlarge)
Click to Enlarge Name: GU Jan16 TMS EVO preview 16-1-2023 9-37-22 am.png Size: 21 KB


> now with my open basket the trade manager will do the rest of the work while I enjoy the day activities.




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
[quote=emmanuel7788;14289087]{quote} hi @korosh1350 Yes, I have done lots of H4 back-testing years ago when I did trading system development. System development led me to develop TMS MEME 4H swing trading. You can see the TMS MEME live trading performance posted here between 2015 and 2017. For TP setting, use the ATR of the timeframes you want to trade. In TMS MEME I use the Daily' ADR(100) days and also the Weekly AWR(52) weeks, for both trade planning and target profits. For TMS conservative traders, most use the TDI for exits Big E' post#7612. Synergy system traders use the HA candles and the PAC. Synergy video > { here } For TMS MEME 4H swing trading, I prefer to use the HA candles and lock profits as the trades progresses and trail the market using ADR ... "Let Profits Run" concept. I do use a final 'fix' TP which is usually fairly large more than 5 times the initial SL. When I see a Weekly trend breakout, I can push the final TP to 2~3 times the AWR after profits locked. Just let the market decide the outcome. TMS EVO_2023 will be Daily / Weekly Swing Trading. This strategy will be mainly trading the Market Types 1 and 2 which will run for 36 consecutive months and will run from 03/2023 till 02/2026. I will post my trade plans here starting March 2023.[/qu

many thanks emmanuel you are really kind big help for me . i will use your information and check the trades .
Quoting emmanuel7788
{quote} @Tekkies You have too much jealousy, anger and hatred in you.... that consumed you and you have a miserable life. Now that you mention realjumper, isn't he is ONE who said you are too stupid to be posting in this thread? {image} ...
Yep, he did indeed.
The very same Realjump that exposed you as a liar, a cheat, dishonest about his trades and trading accounts. Not onces, every time you were caught mislead readers over the course of a few years.

Once more Vincent, walk the talk, link a live running visible TE to the trades you post in this thread. Show the readers that your Price Action method/posts is better.
Quoting emmanuel7788
{quote} @Tekkies this preview is for you to learn to trade and trade the 4hr: TMS EVO_2023 PREVIEW Jan 16 AU Jan 16 open new basket at Tokyo Opening - its HA candle#2 above 5EMA Typical Price, Shift+2 - pay attention to the Weekly OHLC candle and the Weekly HA candle - remember to use Tymen's 2CLB Weekly for Risk Management - now relax the next 4 hours and wait for the next setup signal and add to the basket {image} ...
No thanks.
Would rather put in a sell >TDI crossed over at the beginning of that bar.
------
Must say you are cleaver Vincent. You don't mention if it is buy or sell trade.
Can understand why.
You gain profit > Reader's will know about it.
You suffer a loss > Bet your ass, you won't post about it.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
Quoting emmanuel7788
{quote} @Tekkies You want to see live trades opened? Here is GU Buy Jan 16 ... its a H4 dynamic entry! > do you understand TMS' Big E dynamic entry? > pay attention to the Weekly APH/HA candle and the previous Week Price OHLC > do you see the Weekly Price Action? what us that Price Action? {image} > now with my open basket the trade manager will do the rest of the work while I enjoy the day activities. ...
Nice that you post a buy trade.
TDI crossed down with angle below 4, Stoch confirming, therefor a Sell trade.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
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