Disliked{quote} Good result. But you are trading too much. One good trade a day would be enough with TMS method. The accuracy is very high for TMS. Just put in reasonable risk (e.g. 1% / trade) and you can make very good profit with just 1 trade a day. /// {image} {image} {image}Ignored
Hey Folks
Contrary to @tommydog's belief " The accuracy is very high for TMS."
Fact is : There is no such thing as high accuracy in trading the markets. This is a newbie thinking hence his beliefs.
1. TMS is acronym for this thread' title Trading Made Simple and why Big E chose this amongst several other title you can read in his old thread before he made the jump to this forum from the Commercial forum.
2. TMS is about trading the original 5-Method which is Price Action trading on naked charts with add-on indicators for technical studies.
3. Big E added the Stochastics and other indicators to his trading back in 2008. #110
4. Big E added the Traders Dynamic Index as helping indicator thinking that would help others who are intermediate+ level traders. Not newbies and beginners. #3805
5. The truth is he can trade without both the Stochastics and lagging and repainting TDI. #2617
This entire thread has no trading system. It is all the trading journey of the OP starting out a stock market trader in the 90s, then after 10 years he moved on to trading the retail spot forex market. There is no evidence that he was profitable in the short 3 to 4 years 2008 to 2011 in his own thread .
He did post a few live trades and there were winners and losers. I have not seen consistent monthly profits in those 4 years. But what he posted in FF made a lot of sense to me having followed all his post and have out in my own years of trading Price Action since the mid-80s.
You all can learn from all his posts in Forex Factory and continue your own trading journey.#296
One day you will make it to become a better trader but only after you experienced yourself and overcome all the reasons why 99% of TMS traders are losers.
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...
and
Why 99% of retail traders lose money { here }
and hanover gave a long list why { here }
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett