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Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

Quoting emmanuel7788
{quote} // This month I am working towards securing another funded account to start in Sep 2024. Will tell you more another time. {image} ...
Week 27 to 29, July 01 to 19 :

Working harder towards securing another funded account need to show consistency in my 20-trading-days-cycle with 10% profit per cycle.

July first 15 days were good. Once hitting above 10%, I start the next cycle.
Several Key Performance Indicator KPI to meet.
One of the KPI is to the Number of Trading Days to achieve 10% profit.
The average KPI for 10% is between 10 and 15 trading days.

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Click to Enlarge Name: FTMO July 01 to 19 NYClosed 22-7-2024 7-49-40 am.png Size: 23 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Reply to PMs:

- the last 3 weeks, I received many PMs and will reply them in this thread with charts and resources to help the members here.

- top on my list is members who have been trying TMS and not getting the results they want.

- a few decided to stop trading and go back to babypips.com

- most did not understand what is TMS and what is the 5-Method, confusing this thread title and the 5-Method trading methodology

- and a lot of PMs on TMS_V19 EA, mostly from members who did not read the thread at the time when the pandemic started in April 2020 and missed out the 3 years of learning and testing.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
EA Jul22 H1 Tokyo 9am

- a possible dynamic entry during this 1Hr candle

- make sure you know your 4Hr and Daily ... post #281

Attached Image (click to enlarge)
Click to Enlarge Name: EA Jul 22 H1 TOK9am Dynamic entry 22-7-2024 8-23-39 am.png Size: 44 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
BTC Jul 22 Week,

- heading towards 91000

- stay on the buyers side

- Year-End & X'mas bonus will be early

Attached Image (click to enlarge)
Click to Enlarge Name: BTC Jul 22 week 71000 22-7-2024 8-53-13 am.png Size: 21 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
BTC Jul 22 Week, - heading towards 91000 - stay on the buyers side - Year-End & X'mas bonus will be early {image} ...

BTC Jul 22 Week using TMS_V19 EA for 4Hr

***Keep It Simple***
- set Trend 2/8 to H4, and TDiC1 to H4

- then we look only for bullish price action and ignore all bearish price action in LTF

Attached Image (click to enlarge)
Click to Enlarge Name: BTC Jul22 V19 H4 22-7-2024 8-58-47 am.png Size: 48 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
AJ Jul22 H4 London 6am 4Hr trade window

- post# 1 Pacific 10PM 4Hr candle

- if you missed this post #647 price action trade then you can only blame yourself.

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Jul 22 H4 London 6am 4Hr 22-7-2024 1-59-38 pm.png Size: 43 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
EA Jul22 H1 Tokyo 9am - a possible dynamic entry during this 1Hr candle - make sure you know your 4Hr and Daily ... post #281 {image} ...

EA Jul 22 M30

- after buy taken profit +50pips

- a good BEEOB PA sell setup


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Attached Image (click to enlarge)
Click to Enlarge Name: EA Jul22 M30 BEOB 4Hr 22-7-2024 2-30-18 pm.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} EA Jul 22 M30 - after buy taken profit +50pips - a good BEEOB PA sell setup ... {image}

EA Jul 22 M30 London 8am

- a post#647 Price Action trade setup DBHLC

Attached Image (click to enlarge)
Click to Enlarge Name: EA Jul22 M30 DBHLC PA 22-7-2024 3-04-15 pm.png Size: 44 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
GU Jul 22 London 6am 4Hr candle

- nothing to trade

- big candle and small candle ... CONSOLIDATION

> WAIT for the next 4Hr trade window London 10AM Pacific 2AM

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jul22 H4 nothing 22-7-2024 4-43-10 pm.png Size: 42 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
GU Jul 22 London 6am 4Hr candle - nothing to trade - big candle and small candle ... CONSOLIDATION > WAIT for the next 4Hr trade window London 10AM Pacific 2AM {image} ...

GU Jul 22 H4 London 10am Pacific 2AM

- not the best setup even with the TDI green bounce off red

- the PA and MOMENTUM is 'weak', the candle did not close above the Inside Bar high at minimum requirement for a buy setup entry

- the 5EMA is flat, ideally the 5EMA must show a slope 12-2

Attached Image (click to enlarge)
Click to Enlarge Name: Gu Jul 22 H4 bounce not good enough 22-7-2024 5-37-09 pm.png Size: 42 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
UsdCad Jul22 4Hr trade window Pacific 2AM

- a M15 DBLHC is good for dynamic buy entry

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Click to Enlarge Name: UCad Jul22 M15 DBLHC 22-7-2024 6-55-28 pm.png Size: 48 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Lots of LTF setups and entries in the direction of the H4

EA

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Click to Enlarge Name: EA Jul22 H4 M30 entry 22-7-2024 7-59-04 pm.png Size: 46 KB


AU

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UC
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Does anyone here have a good template or excel sheet how to properly journal trades and what i should write down for a perfect trading journal?
When the Stoch and TDI show opposite signals, better trust Price Action and

go find another trade

EG Jul 23 H4 Tokyo 9am


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Click to Enlarge Name: EG Jul23 H4 gap down 23-7-2024 7-57-32 am.png Size: 45 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting SnowManF
Does anyone here have a good template or excel sheet how to properly journal trades and what i should write down for a perfect trading journal?
Your broker platform should be able to provide you tool to export your trade summary to a csv or xls type file. Then you can add whatever you want as your trade journal.
I discussed this long time ago:
https://www.forexfactory.com/thread/...03#post6683203



I use FX Blue to keep my trading journal.
Main reason is I trade multiple entries / multiple exits MEME baskets and with FXBlue, I can export my trade data and analyse the P&L of individual baskets and not individual trades. FXBlue supports more platforms other than MT4.

Link to FXBlue https://www.fxblue.com/
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
is the EA automated?
Quoting emmanuel7788
Lots of LTF setups and entries in the direction of the H4 EA {image} AU {image} UC {image}

Fear and Greed

AU Jul23 M30 BEOB during this 4Hr trade window Tokyo 0930,

> 2R trade

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Click to Enlarge Name: AU Jul23 H4 w M30 BEOB 23-7-2024 8-28-14 am.png Size: 45 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
Lots of LTF setups and entries in the direction of the H4 EA {image} AU {image} UC {image}

EA Jul23 4Hr Tokyo 0930,

- M30 BUOB setup for LTF entry

- 'hit-and-run' trade before the bears come in and get you

Attached Image (click to enlarge)
Click to Enlarge Name: EA Jul23 4Hr w M30 BUOB 23-7-2024 8-33-13 am.png Size: 44 KB

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting billy123
is the EA automated?

if you are looking for automated trading EA, here is the link:

https://www.forexfactory.com/thread/...-by-guess-whom


there's still a lot of work to do to make it trade with rules-based discretionary trading system.

BUT you can learn from the many failures and losing trades, and become better traders.



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} EA Jul23 4Hr Tokyo 0930, - M30 BUOB setup for LTF entry - 'hit-and-run' trade before the bears come in and get you {image} ...

EA Jul23

- in 5 minutes, we have a new 4Hr

Attached Image (click to enlarge)
Click to Enlarge Name: EA Jul23 H1 next 1Hr 23-7-2024 8-55-37 am.png Size: 42 KB



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