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Trading Made Simple the right way, and other trading lessons 329 replies

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Trading Made Simple

Quoting Tekkies
{quote} You left out "trade on M5". Not trying to match BigE or any other trader for that matter. BigE gave a method, I am try to trade accordingly. {image} (You don't like it, not my problem.) >Follow only BigE's advice in this thread and you will do good by yourself.
your trade

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #140,649 XAU M5 sell 8-6-2023 7-18-01 pm.png Size: 75 KB


what I see

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jun08 sell 1945.35 EP SL TP 8-6-2023 7-43-33 pm.png Size: 26 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Tekkies
{quote} You left out "trade on M5". Not trying to match BigE or any other trader for that matter. BigE gave a method, I am try to trade accordingly. {image} (You don't like it, not my problem.) >Follow only BigE's advice in this thread and you will do good by yourself.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #140,659 8-6-2023 9-57-00 pm.png Size: 66 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} your trade {image} what I see {image} ...
Hi Vincent you either referring to a wrong post or using the wrong chart.
Are you that eager to discredit, ridicule Tekkies?

While you were flapping lips about +R1, +R2 with pray and hope the account grow with some profit.
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Click to Enlarge Name: screenshot.png Size: 3 KB


Please try to be less toxic tomorrow, will you?
Quoting Tekkies
After 1000 one pip trades, you will have 1000 pips profit. {image}
Risk : Reward 100:1

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #140,651 8-6-2023 6-15-56 pm.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Tekkies
After 1000 one pip trades, you will have 1000 pips profit. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies Risk 100 Reward 1 8-6-2023 6-11-25 pm.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Tekkies
{quote} Hi Vincent you either referring to a wrong post or using the wrong chart. Are you that eager to discredit, ridicule Tekkies? While you were flapping lips about +R1, +R2 with pray and hope the account grow with some profit. {image} Please try to be less toxic tomorrow, will you?

@Tekkies

I use your generic chart for entry and exit.

You can fool all the people here all the time.
But you can't fool the seasoned traders here .

Your risk reward is more than 100 to 1.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #140,651 8-6-2023 6-15-56 pm.png Size: 60 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Tekkies
{quote} Hi Vincent you either referring to a wrong post or using the wrong chart. Are you that eager to discredit, ridicule Tekkies? While you were flapping lips about +R1, +R2 with pray and hope the account grow with some profit. {image} Please try to be less toxic tomorrow, will you?

look @Tekkies

to have a winning statistical edge, we risk -1R and make 2R ... and we only need a win rate of 50%.... and Positive Expectancy.

Attached Image (click to enlarge)
Click to Enlarge Name: 2R Expectancy.png Size: 46 KB


Look at my M5 trades posted yesterday... +3.5R and +2R trades

https://www.forexfactory.com/thread/...6#post14452496

https://www.forexfactory.com/thread/...7#post14452997


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} hi @ladharimoham learn from my posts and charts, today' TMS-II trades during the 4hr trade window. Bullish Engulfing Outside Bar BUEOB with HA candle above 5EMA as the setup candle, entry the next H4 candle. GU Jun08 TMS-II trades {image} EU Jun08 TMS-II trades {image} ...

GU Jun 08 TMS-II trades update

- TP1 +10pips . TP2 +25pips

- TP3 exit +50pips

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jun08 trade update TP3 8-6-2023 10-23-01 pm.png Size: 31 KB



...


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} {image}
Something like this Vincent?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 25 KB

(Post 140,439)
Vincent > Wow, look at my basket.
Vincent > Tekkies, you are a stupid.

Once more you have managed to post bullshit.
Quoting Tekkies
{quote} You left out "trade on M5". Not trying to match BigE or any other trader for that matter. BigE gave a method, I am try to trade accordingly. {image} (You don't like it, not my problem.) >Follow only BigE's advice in this thread and you will do good by yourself.
you can be profitable. just make sure you are winning most of the trades
i show you this guy, won 1-2 pips. profitable account. good luck with your strategy
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Quoting Tekkies
{quote} Something like this Vincent? {image} (Post 140,439) Vincent > Wow, look at my basket. Vincent > Tekkies, you are a stupid. Once more you have managed to post bullshit.

@Tekkies
I see you still do not understand basics TMS_MEME and that is still way beyond your level of trading knowledge { here}
Its more like these below:

#140,439 Jun2 02, 2023
Note the TMS_EVO trade basket with ME orders are placed at different hour and entry price to get an Average Entry Price.
The risk per each order is calculated with the initial Stop Loss 'R' and with Position Size per ME trade.
The maximum risk $$$$ per basket is divided in a maximum 5 trades per basket. In the event the basket hit the initial stop loss, the maximum loss is still that same maximum risk $$$.
Important to know the average price entry price AEP of the trade basket and manage the trailing stops using the AEP.
And I was trading the H4 sideways market type seen using the H4 Master Candle.
My M5 entries are based on the PA of the HA candles and the 5EMA according to Big E' S/U rule. Important to limit one order entry per 4hr period and avoid opening opening too many orders in one basket...use your trading capital wisely and control risks.

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jun02 trades closed H4 master Candle 2-6-2023 9-30-21 pm.png Size: 31 KB

Your #140,651 is what we can see on the XAU M1 price chart with the Sell order open and close time.
That M1 trade entry lasted 44 minutes ... which means your account was in drawdown for 44 minutes and you made 1pip.
That is why I ask you what was your stop loss risk 'R' in pips to make 1pip profit.
Now the evidence in on this chart below.
Anyway, thanks for the additional lesson here for the newbies.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies Risk 100 Reward 1 8-6-2023 6-11-25 pm.png Size: 43 KB

Good try!


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting havenoidea
{quote} you can be profitable. just make sure you are winning most of the trades i show you this guy, won 1-2 pips. profitable account. good luck with your strategy {image}

margin trading


and @Tekkies tries to fool people here with many Buy and many Sell... all open at the same time with his HFM Demo account.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE open trade Jun08 panic 9-6-2023 4-12-24 am.png Size: 54 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} margin trading and @Tekkies tries to fool people here with many Buy and many Sell... all open at the same time with his HFM Demo account. {image} ...
Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE open trade Jun08 panic 9-6-2023 4-12-24 am.png Size: 54 KB

with Buy and Sell orders,

what did @Tekkies do? .... he panics as usual and he Hope and Pray for 5 hours

then he cherry pick the small winners...those Buys

and let the big losers Sells run on and on and on ...

account DD 14.5% at Tokyo open this morning and ...

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies XAU open sell trades minus 14-5percent 9-6-2023 7-53-42 am.png Size: 13 KB




...more Hope and Pray in his sleep...


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting ladharimoham
{quote} Hi Emmanuel, Can u please share with us the best price action patterns that works the most with tms. and your favourite price action book that you recommend ? Thanks.

hi @lasharimoham

there are many books on Price Action trading and they all talk about the same generic stuff with price bars/ Japanese candlestick and Support & Resistance, etc.

before you invest money on those books, there's plenty you can learn from here in Forex Factory threads and you will also find some pdfs shared by other members. Start with these and learn.

What is important now is to study Big E' training charts and learn those Price Action where he use the Stoch and TDI to show the setups and entries and exits.
Big E has show quite a few variations of PA setup with HA candles and 5EMA. Learn those and master them trading the 4H and Daily in realtime live market conditions. You will be amazed how these common PA setups work and the profit potential when you know the exit strategy for each of those PA setups. You do not need to follow #6 for exits as you will develop you own exit strategy.

Start with Post #2 Training chart


Attached Image (click to enlarge)
Click to Enlarge Name: Big e Post#2 chart.png Size: 60 KB



then note the HA PA and the price bar/candlestick PA

also note the price bar/candlestick PA and the Stoch behaviour ... what do you see?

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post#2 training chart.png Size: 76 KB



..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} with Buy and Sell orders, what did @Tekkies do? .... he panics as usual and he Hope and Pray for 5 hours then he cherry pick the small winners...those Buys and let the big losers Sells run on and on and on ... account DD 14.5% at Tokyo open this morning and ... {image} ...more Hope and Pray in his sleep... ... {image}

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies XAU open sell trades minus 14-5percent 9-6-2023 7-53-42 am.png Size: 13 KB

IF @Tekkies does not close all his sell trades @1963.26 plus his broker' spread... IF he use the AEP of all his open sell trades, he had better chance to BE earlier.

he may regret today being Friday.

yesterday' London traders has warn us.


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting ladharimoham
{quote} Hi Emmanuel, Can u please share with us the best price action patterns that works the most with tms. and your favourite price action book that you recommend ? Thanks.
Quoting emmanuel7788
{quote} hi @ladharimoham learn from my posts and charts, today' TMS-II trades during the 4hr trade window. Bullish Engulfing Outside Bar BUEOB with HA candle above 5EMA as the setup candle, entry the next H4 candle. GU Jun08 TMS-II trades {image} EU Jun08 TMS-II trades {image} ...
GU Jun09 TMS-II trade update:

- taken TP3 exit +50pips

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jun08 trade update TP3 8-6-2023 10-23-01 pm.png Size: 31 KB



- with CSTSL locked +78pips and wait for +100pips

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jun09 TMS-II trade update CSTSL 78pips locked 9-6-2023 9-08-39 am.png Size: 31 KB





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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting ladharimoham
{quote} Hi Emmanuel, Can u please share with us the best price action patterns that works the most with tms. and your favourite price action book that you recommend ? Thanks.

Here is one of my favourite PA setup... the 5bar/candles swing low ...

Now I wait,

UJ Jun09 H4 at London Open

- what is the Weekly market type condition? Trending or Sideways?

- what is the Daily market type condition? ...

- today is Friday, did Big E take any 10PM 4hr trade on Fridays? NO.

- can you scalp the 4hr? YES.

- can you trade TMS-II? YES.


Attached Image (click to enlarge)
Click to Enlarge Name: UJ Jun09 H4 London Open 9-6-2023 3-07-45 pm.png Size: 30 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
As always, same setup, same rules.
=== When TDI give a signal
> Refresh chart.
> Did TDI green cross red (green bounce red)
> TDI green angle above / below 2 / 4
> Is Stoch confirming TDI green direction
> Candle 1 or 2
===Use post#647 to confirm TDI signal
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 8 KB
Quoting Tekkies
As always, same setup, same rules. === When TDI give a signal > Refresh chart. > Did TDI green cross red (green bounce red) > TDI green angle above / below 2 / 4 > Is Stoch confirming TDI green direction > Candle 1 or 2 ===Use post#647 to confirm TDI signal {image}

hey @Tekkies

How was your Hope and Pray session when those trades were in drawdown for 12 hours?

- share with us your mental state of mind during the 12 hours...

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE XAU sell minus 11-7percent LO 9-6-2023 3-05-23 pm.png Size: 37 KB


..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} Here is one of my favourite PA setup... the 5bar/candles swing low ... Now I wait, UJ Jun09 H4 at London Open - what is the Weekly market type condition? Trending or Sideways? - what is the Daily market type condition? ... - today is Friday, did Big E take any 10PM 4hr trade on Fridays? NO. - can you scalp the 4hr? YES. - can you trade TMS-II? YES. {image} ...

UJ Jun09 M5 entry during the 4ht trade window London Open candle

- some traders call this H4 dynamic entry i.e. entry during the APB/HA #2

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Jun09 M5 entry LO candle 9-6-2023 3-56-42 pm.png Size: 31 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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