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Trading Made Simple

  • #82,241
  • Edited 12:26pm Oct 1, 2017 12:13pm | Edited 12:26pm
God bless Big E and may he continue to rest in peace. I know he is looking down and thankful he showed people such a great system. I have been using his system for the last 2 weeks combined with price action and have made a ton of money. I am going to make a post in the future showing what to and what not to do with his system. I'm not changing it at all I'm going to just pick and choose his best words of wisdom that should be strongly remembered. The reason for this is because it's such a huge thread with lots of advice and pictures. I'm also posting this because I believe Big E truly wanted to make a difference in people's lives. There are traders out there that majority have a great winning system but do not want to give it out. I believe this is because I believe in the law of attraction and it brought me to this thread awhile ago. I since have been very successful in trading. I have a regular job driving a garbage truck that pays very well. I'm not quitting my day job just yet but I believe if you are SERIOUS and have the WANT to succeed this system is great. I also might add that this system works great for binary options also. I use it for both forex and binary options. See you all soon I will be posting either later today or tomorrow.
Make it as perfect as you can....
  • #82,242
  • Oct 1, 2017 2:25pm Oct 1, 2017 2:25pm
Quoting Tekkies
{quote} Look who crawled out of the woodworks. Who care's. Trade's are in profit. How about this one Flash! {image}
Tekkies,

Looking at couple of your images, I see that you place 5 x 0.01 trades at the same price:

1) what is your strategy? Do you close each at different profit levels? And if so, isn't it same to place 0.05 lot order and partial close when profit levels are reached?

2) what script do you use to place multi order at same time?
  • #82,243
  • Oct 1, 2017 4:13pm Oct 1, 2017 4:13pm
Quoting sabbah
{quote} Tekkies, Looking at couple of your images, I see that you place 5 x 0.01 trades at the same price: 1) what is your strategy? Do you close each at different profit levels? And if so, isn't it same to place 0.05 lot order and partial close when profit levels are reached? 2) what script do you use to place multi order at same time?
Strategy: BigE rules
No - when green goes flat, hook over or check mark
Script
Attached Image
  • #82,244
  • Oct 1, 2017 7:24pm Oct 1, 2017 7:24pm
Just took the NU trade... lets see how it plays out...

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  • #82,245
  • Oct 1, 2017 8:59pm Oct 1, 2017 8:59pm
So far it looks good 1 loser against 3 winners

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  • #82,246
  • Oct 1, 2017 10:51pm Oct 1, 2017 10:51pm
Quoting RickM
Trading using MEME can certainly be rewarding for you at times. I was trading the range on the GBPCAD on Thursday night around Red news time hoping for some movement both ways. I trade the Day chart direction however follow my trades on the 1 hour chart. The news was Prime minster May speaks. The trade was an earlier buy with a take profit of 70 pips. If the price dropped 70 pips then my EA would buy a second trade at a lot size 1.4 multiple higher than the first. After ME2 was taken, my EA just sets the take profit for 70 pips of the average price...
I have downloaded a MEME EA here, found it does not work. How about yours? Is that same? Thanks
  • #82,247
  • Oct 2, 2017 12:22am Oct 2, 2017 12:22am
Quoting Tekkies
{quote} Strategy: BigE rules No - when green goes flat, hook over or check mark Script {image}
Tekkies,
I think you got me wrong. I'm following Big E strategy and rules for when to open/exit, but this is not what I'm asking. My question is about your screenshot in that post and asking why you placed five sell orders of 0.01 lot at the same time/price? I've read all best of BigE and don't recall he mention this as strategy (placing multi orders at same price, but he placed multi orders as it builds). Unless I missed something...again
  • #82,248
  • Oct 2, 2017 1:57am Oct 2, 2017 1:57am
Quoting devfp24
Just took the NU trade... lets see how it plays out... {image}
dev
You have placed a order in consolidation or on top a support level. Look what Price did at 6 Sept, 14/15 Sept and from 27 Sept. Watch the trade.
-

Quoting sabbah
{quote} Tekkies, I think you got me wrong. I'm following Big E strategy and rules for when to open/exit, but this is not what I'm asking. My question is about your screenshot in that post and asking why you placed five sell orders of 0.01 lot at the same time/price? I've read all best of BigE and don't recall he mention this as strategy (placing multi orders at same price, but he placed multi orders as it builds). Unless I missed something...again
It is not a strategy.
BigE did not mention anywhere that you are not allowed to place more then one order at a time.
  • #82,249
  • Oct 2, 2017 2:14am Oct 2, 2017 2:14am
LOL.. what did I just read.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,250
  • Oct 2, 2017 2:34am Oct 2, 2017 2:34am
Quoting devfp24
Just took the NU trade... lets see how it plays out... {image}

Did you follow Post#647 as your pre-trade checklist?
It say, "...before you take a TDI trade..." you must have done several things.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 40 Sep 2.png Size: 50 KB


I see higher timeframe W1 is bearish. The risk is the 50EMA below which will normally cause price to react, but the reaction can be enough for you to take some profits and you must look at the lower timeframe if it will bounce up with string momentum seen with the TDI in either H4 or even H1.

I see D1 is in consolidation with that big candle which is a Mother Bar of the Inside Bar, then looks like a Master Candle. But the price action looks good as it is below the 10EMA.

The H4 also looks good , the price action is below the 10EMA, below the 50EMA and below the 200EMA.
Always trade away from the Day Open .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,251
  • Oct 2, 2017 2:38am Oct 2, 2017 2:38am
Quoting mazibee
Hi All Experts/ Emmanuel Last week I took two trades only. (I'm manually trying to do multiple entries now at a distance of ATR/2) EURGBP when it broke 15 Sep's candle The trade is still running and at the moment in loss NZDCAD. I longed this trade as in my opinion (which was wrong) the week and month were bullish Then during the week I saw a call for short by experts, I quitted the trade at breakeven, can't justify myself to go short here as TDI green was under red and 50 but not under yellow. Any sugestion/criticism is most welcome. Here is my...

Did you consider strong USD?

sell the 3 amigos AU, EU and GU also its cousin pair NU. Buy UCad.

EG - cut loss as the Friday candle closed with colour change.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,252
  • Oct 2, 2017 2:43am Oct 2, 2017 2:43am
Quoting devfp24
So I did chart up the EU trades from 2017:08:08 - 16:00 hr till 2017:08:08:24 04:00 hr. I came up with +67.4 pips from 13 trades. Advice me If I'm doing anything wrong... Note: White Line means the trade opens on the open of nxt candle on 4hr. Pink line means that trade closes on the open of nxt candle on 4hr. {image} {image} Thanks FP

I have to be honest with you, EU H4 was not profitable in the months of Aug and Sep. Also AU was not profitable.
GU and UCad were profitable pairs.

Back-testing by scrolling back on history charts and live trading in live market is not the same.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,253
  • Oct 2, 2017 2:50am Oct 2, 2017 2:50am
Quoting devfp24
A quick question ... I'm still confused on when to exactly execute market order in real time... If we take example shown on the chart -- Correct me If I'm wrong. 1. Candle#1: One cannot say its cross yet - correct. 2. Candle#2: One can say the Green line crossed but in real time that will be confirmed only after the close of that 4hr candle. 3. Candle#3: this is where I can execute the market order on open of that hr's candle. Correct? Note: I'm pretty sure that I cannot take this trade and have to wait for the bounce.. as its the 3rd candle and...

I am sure your chart show the TDI already re-painted.
Without seeing the real price bar - OHLC, I cannot say what the TDI looked like before the chart got resfreshed.

I dont have a problem to take a trade entry with APB/Ha candle #3 , 4 , 5, 6, 7, 8, etc. as long as I see the real price bar and I know where to place my initial SL and do my trade lot Position Size.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,254
  • Oct 2, 2017 3:09am Oct 2, 2017 3:09am
Quoting devfp24
A quick question ... I'm still confused on when to exactly execute market order in real time... If we take example shown on the chart -- Correct me If I'm wrong. 1. Candle#1: One cannot say its cross yet - correct. 2. Candle#2: One can say the Green line crossed but in real time that will be confirmed only after the close of that 4hr candle. 3. Candle#3: this is where I can execute the market order on open of that hr's candle. Correct? Note: I'm pretty sure that I cannot take this trade and have to wait for the bounce.. as its the 3rd candle and...

Looking at your chart again,

that Candle#2 looks like Friday after London closed, Big E did not trade H4 on Fridays. I would also not start a H4 Swing trade on Fridays because I close all my H4 Swing trades by the time London session closes or before NY session opens.

that candle #3 is Sunday NY open. Also Big E did not trade the Sunday candles. Why? The TDI 'signal' is not reliable when NY opens on Sunday afternoon because of the weekend price gap. Big E used the TDI Green Red based on the Close price of the real price bars. When there is a gap between Friday Close and Sunday Open, the lagging TDI will show this false signal.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,255
  • Oct 2, 2017 3:14am Oct 2, 2017 3:14am
Quoting emmanuel7788
{quote} Trade Report trades closed Sep 18 to 22, first 5 days of a new 20-trading days cycle. {image}

Trade Report - trades closed for the week Sep 25 to 29. Still within the first 10 trading days of a new 20-trading days cycle although it was month end.
The 20-trading days cycle runs into the new month October.

Attached Image (click to enlarge)
Click to Enlarge Name: Trade Report Week 39 closed trades Sep 25 to 29.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,256
  • Oct 2, 2017 4:40am Oct 2, 2017 4:40am
Quoting emmanuel7788
{quote} Trade Report - trades closed for the week Sep 25 to 29. Still within the first 10 trading days of a new 20-trading days cycle although it was month end. The 20-trading days cycle runs into the new month October. {image}
hello Emmanuel,

Do you still use TMS monitor?
I follow this thread since few weeks now. a lot of good work here, but i can't read the 4000 pages unfortunatly!!

I know that it must has been asked many times but would you send a template and indicators to start?



Tx a lot

S
  • #82,257
  • Oct 2, 2017 4:46am Oct 2, 2017 4:46am
Quoting emmanuel7788
{quote} Did you follow Post#647 as your pre-trade checklist? It say, "...before you take a TDI trade..." you must have done several things. {image} I see higher timeframe W1 is bearish. The risk is the 50EMA below which will normally cause price to react, but the reaction can be enough for you to take some profits and you must look at the lower timeframe if it will bounce up with string momentum seen with the TDI in either H4 or even H1. I see D1 is in consolidation with...

Thanks for your comments Tekkies and Emmanuel. Really appreciate your feedback. I'll scroll back and check Post#647 checklist again, np.
I'm just running demo trades on this strategy now, so it a learning curve will analyze more later..
emmanuel would you mind sharing your template from post# 82,250, thanks.

meanwhile its almost 30mins left for 6:00 am here and as per E I had to get up of my bed and close the 4hr trades. Results are below.
Please note I was sleeping and only got up @1:30 to monitor the trade.

Attached Image (click to enlarge)
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  • #82,258
  • Oct 2, 2017 5:22am Oct 2, 2017 5:22am
Quoting devfp24
{quote} Thanks for your comments Tekkies and Emmanuel. Really appreciate your feedback. I'll scroll back and check Post#647 checklist again, np. I'm just running demo trades on this strategy now, so it a learning curve will analyze more later.. emmanuel would you mind sharing your template from post# 82,250, thanks. meanwhile its almost 30mins left for 6:00 am here and as per E I had to get up of my bed and close the 4hr trades. Results are below. Please note I was sleeping and only got up @1:30 to monitor the trade. ...
I think you got big E "closing time" wrong
the cautious seldom err....C
  • #82,259
  • Oct 2, 2017 6:52am Oct 2, 2017 6:52am
Quoting tomgu
{quote} I have downloaded a MEME EA here, found it does not work. How about yours? Is that same? Thanks
Hi Tomgu

I brought a commercial trade manager for another reason last year ( US$100 ) and found it can also trade basket MEME management. However it has one feature missing that I really need so it is still a work in process. I have attached some trades it managed on the AUDUSD with a win around 400 pips. Each Sell limit is around a multiple of 1.4 higher. My EURUSD is going great guns too, a bit of a risk to have both US pairs.
I also have a basket in USDJPY and Gold going well, however I am behind in the GBPAUD.
Last two weeks have been great, around a 10% rise in my Equity. But luck has gone my way recently and I know a good loss is around the corner very soon.
I must add that those were results I would never get without MEME trading.
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Trading thin liquidity at the boundary of the charts
  • #82,260
  • Oct 2, 2017 7:07am Oct 2, 2017 7:07am
I should also mention those are my trading charts on my VPS server. My Decision to enter a trade is based on the standard Day Cross- over of the PAC and technical analysis of monthly / week charts.
Trading thin liquidity at the boundary of the charts
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