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Trading Made Simple

  • #83,261
  • Nov 8, 2017 5:52pm Nov 8, 2017 5:52pm
Quoting Giannis95
Hello, in the ME/ME money management strategy, the 4-hour delay between the positions (ME) is present only between the first and the second position? Or it is present also between the second and the third and the third and fourth and so on? Thank you.
apply that simple rule to every position in the basket, why?

because we want an overall better average entry price using a maximum 5 positions in one basket.
we do not want to have too many positions open in one same Day like what is going on with EURUSD as it is small range trading now.

and remember that we control our trading risk using the %Risk apply to the basket of 5 positions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,262
  • Nov 8, 2017 5:59pm Nov 8, 2017 5:59pm
Last night I got a few PMs asking me about this favourite picture pic of mine,

obviously those who PM have not been reading my posts and have misunderstood the trading message in that pic.

what is the story about selling into empty space?

that has to do with TWO THINGS:

1) we trade following the dominant trend.

2) empty space seen to the left of our charts is where there is no recent support and resistance... the RUN phase.

Attached Image (click to enlarge)
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Now for your practice, go and look at some of your trading charts. Try spot those pairs which have potential to buy of sell into empty space.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,263
  • Nov 8, 2017 6:30pm Nov 8, 2017 6:30pm
Quoting s854110
hi emmanuel Will my analysis correct? Please tell me what to do? thanks {image} {image} {image}

we all do our techncial analysis TA following a simple and consistent approach.
this does not mean our TA has to be correct or wrong.
TA has to top down, starting from the highest timeframe down to the smaller timeframes.
Top down approach is what I learn from strat' Power of Timeframes I learn following strat's THE PATH in my early years.

what you see after completing your TA is important.
what I want to see is the overall market condition to form my Big Picture and to determine the three market types for my TMS trading. I want to see the Dominant Trend which I want to trade in. I will want to avoid trying to pick the tops and bottoms. I will want to avoid trading in narrow ranged sideways market type.

when I draw those MN swing levels, I look for the most recent months swings levels first then move further back in to the history. Once I have these MN swings on the Line Chart, I will see the levels where I will look for trades between the levels,
Then do down to the Weekly and see what the market condition is like, for example if there is any WCC and WRB in and near the current market price.

Next, down to the Day charts, this is where I spend the most time doing several things.
1) I look what other popular trading systems traders will be looking for trades.
2) I look for PASR patterns like IB, BEOB,BUOB, BEEB, BUEB, DBHLC, DBLHC, etc. just these few are enough. Do Not overwhelmed with too many of thse price bar patterns.
3) I look for Wide Range Bar WRB and Master Candles MC[3] and do more detail analysis into these two price patterns.

Finally, I do my trade plans.

Do Not pick tops and bottoms... ***
If we believe trading is probability game then we trade following the Dominant or Primary Trend to be on the higher probability side.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,264
  • Nov 8, 2017 6:47pm Nov 8, 2017 6:47pm
Example of Trading into Empty Space on chart.

Attached Image (click to enlarge)
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To get the best high probability trades, you need to see market volatility when there is empty space seen to the left of your chart. This is one of the popular trading systems I studied and traded many years ago.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,265
  • Nov 8, 2017 7:36pm Nov 8, 2017 7:36pm
Quoting emmanuel7788
{quote} its seasonal thing which is quite predictable. I have gotten used to it having been here for so many years. trading is a very emotional business especially when people lose money and they need to take it out and vent their frustrations.
You know Emm, this is why you get flak. For years people have asked you to start your own thread and leave the TMS thread to it's original philosophy. You refuse to honor the dead some feel. It is not a seasonal thing, and it is not about losing money. For years, people have asked you these same questions, and for years, you refuse to answer. FF does not step in because you are a prolific poster due to being retired. They like eyeballs. This thread looks nothing like it did when it was started because the OP is not here to police it. It is a derelict ship that you commandeered.

That is why you get heat.
If you are good at something, never do it for free--Joker
  • #83,266
  • Nov 8, 2017 8:00pm Nov 8, 2017 8:00pm
Thanks Emmanuel
  • #83,267
  • Nov 8, 2017 8:30pm Nov 8, 2017 8:30pm
Quoting emmanuel7788
{quote} Very good, when you have found your way with somethings and they work for you, you have then developed your own trading system and you will make it your own WINNING SYSTEM that Fits You. Big E did his own and shared it here with us. I did mine using his 5-METHOD as the core trading methodology and build my own system with Money Management strategy and Mental Strategies. These work for me and that is why I share with others here.
So I would ask yet again, what many have asked in the past, why don't you just start your own thread?

I'm not trying to be a provocateur. This is an honest question that deserves an honest answer.

Quoting jansb000
Hi TMS-ers, I am stuck with a little programming issue: Big-E always said that a crossing green-red should be like the arm of a clock pointing between 12 and 2 or between 4 and 6. My question is: How would I measure that angle in a program? Because the angle depends on the horizontal scale, and fixed numbers, like "(green - red) > 5", are not consistent for multiple timeframes. So if anybody has suggestions on how to measure the angle of "green crossing red" I would really like to hear. {image} Cheers...
If the PA is correct then the TDI will reflect on the first or second candle. Pull the trigger.
If you are good at something, never do it for free--Joker
  • #83,268
  • Nov 8, 2017 10:17pm Nov 8, 2017 10:17pm
Just clarify, I am me. Not another Emma, here is our message snap . I live in Queensland Australia, he lives Sydney Australia. 1000 KM away.

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  • #83,269
  • Nov 8, 2017 11:08pm Nov 8, 2017 11:08pm
Quoting emmanuel7788
{quote} @Tanveer87, why do you post and quote that post on ALL PIVOTs? I don't trade live account money using PIVOTS. Dropped the use of PIVOTS many years ago because trading with Price Action and consistent use of support/resistance has help me make money from the market to grow wealth in my retirement. The live trading I want to share with TMS members is actually live trading using TMS as what another member tomgu requested. There are already an active traders group in my FXBlue white list. We share our weekly...
How do I get access to this FXBlue white list?
  • #83,270
  • Nov 8, 2017 11:15pm Nov 8, 2017 11:15pm
Quoting emmanuel7788
{quote} Hey samanfx, you need to do better and write more. it does not take much imagination to write more about me. you want people here to believe you, they need to read more please. you made so far 26 posts since 2015 24 post in 2015 1 post in 2016 and todays' post 2017. {image}
Hi Emmanuel, ignore the trolls. I am grateful for your advice and help so please continue doing so.
  • #83,271
  • Nov 8, 2017 11:20pm Nov 8, 2017 11:20pm
Quoting emmanuel7788
{quote} apply that simple rule to every position in the basket, why? because we want an overall better average entry price using a maximum 5 positions in one basket. we do not want to have too many positions open in one same Day like what is going on with EURUSD as it is small range trading now. and remember that we control our trading risk using the %Risk apply to the basket of 5 positions.
So the stoploss is applied using all 5 positions factored in (at the same stoploss exit price e.g 1.435) or a different stoploss exit price per position (e.g 1.44, 1.45, 1.46)?
  • #83,272
  • Nov 9, 2017 12:49am Nov 9, 2017 12:49am
Quoting emmanuel7788
{quote} There is no Davit Pivots in this industry. You aspire to be a professional says your profile, how can you buy into this nonsense. what he uses is Fibonacci Pivot and renamed that to his name Davit calling that Davit Pivots as though he invented it. I went into one of the Davit Pivot uploaded in FF and saw a flaw in that coding. Davit's trading with huge drawdown in prolonged periods of weeks and months is not what I encourage here in this TMS thread. We learn to 'cut losses short'. Davit can trade very small units like what Oanda offers...

davitīs qualification:

an artist - a painter can paint, so he is qualified to draw a chart.
a sports bet gambler - a gambler can gamble, so he can trade.
sure, after five years + reading books, heīs an expert.

"abiding in the midst of ignorance, thinking themselves wise and learned, fools go aimlessly hither and thither, like blind led by the blind."

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a gambler will always remain a gambler. best prove are those drawdowns you mentioned, followed by silence and soap stories.

two things i can guarantee you:

1) no prop trader in a bank would be allowed to trade that way. he would be fired.
2) if it would be a commercial product, it would be forbidden in germany for retail clients.

but here, retail dreams come true
fortis fortuna adiuvat
  • #83,273
  • Nov 9, 2017 4:18am Nov 9, 2017 4:18am
Quoting deltaone
{quote} davitīs qualification: an artist - a painter can paint, so he is qualified to draw a chart. a sports bet gambler - a gambler can gamble, so he can trade. sure, after five years + reading books, heīs an expert. "abiding in the midst of ignorance, thinking themselves wise and learned, fools go aimlessly hither and thither, like blind led by the blind." {image} a gambler will always remain a gambler. best prove are those drawdowns you mentioned, followed by silence and soap stories. two things i can guarantee you: 1) no prop trader in a bank...
I'm not sure why everyone needs to single out Davit but it is getting ridiculous. There are many many traders (including prop traders as you call them) that trade using pivots, the ones he uses are weekly fibonacci pivots and have been used for decades as somewhere price may stall if not stop that is along with camarilla pivots and a whole host of others that people use according to their own preference. Used along with price action they are very good there is no denying it. We keep hearing about mother bar breakout, candle patterns etc etc BUT taking them on their own will see your account depleted like never before. You may go with round numbers as your levels, you may go with monthly highs/lows it really doesn't matter what is used and by whom, you may use moving averages even, what matters is your belief that the trade you have put in has a good chance of winning. The fact is, Prop traders are there to make money and the banks/finance houses that employ them don't care what they use as long as they make money and thats how it should be with retail traders how do I know this? because I live with a retired prop trader, he traded predominantly sugar but same principle, and he laughs everytime he reads a lot of the posts on FF from people that are supposedly "in the know" about how traders actually work, me hanging on for 50 pips is completely alien to him and he will often say take it, its money. Sadly on FF it is not about helping new traders it is about whose way is the right or wrong way, there is no right or wrong way! Davit does not care if he goes into drawdown, he has planned for it and sized his trades accordingly, so why should anyone else care? If we look at the weekly chart and put trades in according to our belief that price will go down because of a candle pattern and space out trades by dividing the trade into 5 that is drawdown if you get to trade number 5. Drawdown is drawdown is drawdown no matter how you look at it or phrase it.
Success means going from failure to failure without loss of enthusiasm
  • #83,274
  • Nov 9, 2017 6:00am Nov 9, 2017 6:00am
Quoting lisat
{quote}I'm not sure why everyone needs to single out Davit but it is getting ridiculous. There are many many traders (including prop traders as you call them) that trade using pivots, the ones he uses are weekly fibonacci pivots and have been used for decades as somewhere price may stall if not stop that is along with camarilla pivots and a whole host of others that people use according to their own preference. Used along with price action they are very good there is no denying it. We keep hearing about mother bar breakout, candle patterns etc etc...
Excellent post Lisa.

People should mind their own business and focus on their own trading. The saying goes, 'row your own boat, and allow others to row theirs.'
Doing what you like is Freedom. Liking what you do is Happiness.
  • #83,275
  • Nov 9, 2017 7:01am Nov 9, 2017 7:01am
Cannot be overstated enough:

Quoting lisat
{quote}I'm not sure why everyone needs to single out Davit but it is getting ridiculous. There are many many traders (including prop traders as you call them) that trade using pivots, the ones he uses are weekly fibonacci pivots and have been used for decades


And I can guarantee, you couldn't be more wrong:

Quoting deltaone
two things i can guarantee you: 1) no prop trader in a bank would be allowed to trade that way. he would be fired. 2) if it would be a commercial product, it would be forbidden in germany for retail clients. but here, retail dreams come true
Trade with confidence, trade without fear.
  • #83,276
  • Nov 9, 2017 7:03am Nov 9, 2017 7:03am
Quoting deltaone
{quote} davitīs qualification: an artist - a painter can paint, so he is qualified to draw a chart. a sports bet gambler - a gambler can gamble, so he can trade. sure, after five years + reading books, heīs an expert. "abiding in the midst of ignorance, thinking themselves wise and learned, fools go aimlessly hither and thither, like blind led by the blind." {image} a gambler will always remain a gambler. best prove are those drawdowns you mentioned, followed by silence and soap stories. two things i can guarantee you: 1) no prop trader in a bank...
Normally I ignore idiots but your comments are even below that.What you moron call "soup stories" was my son almost dying in hospital from lung collapse!Doctors removed part of his lung to save his life.
You are the most vile person I came across and frankly stupidest "trader"
Only a total MORON WOULD SAY "a gambler will always remain a gambler" This is so idiotic that requires no explanation.
Here is some photos from hospital so you and morons like you should STFU
As a parent I am disgusted by you likes of you.
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In trading, you have to be defensive and aggressive at the same time
  • #83,277
  • Nov 9, 2017 7:20am Nov 9, 2017 7:20am
For the record this is my account stats for last month Oct.Most people would wish to have my gains
Its not Demo its live and its not "tiny"
Drawdown is acceptable to me and its even half of that now.As for me holding on to trades.I scale out of positions example EG cut 30% rest let it ride since PA is going my way.This is how I trade results are determined annually some trades are quick some take longer.
I usually hit above 10% a month. I have been offered corporate trading job which I declined I prefer trading my account.You don't like how I trade?Well its not your money I am trading correct?Move over!
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In trading, you have to be defensive and aggressive at the same time
  • #83,278
  • Edited 7:39am Nov 9, 2017 7:24am | Edited 7:39am
Quoting Davit
{quote} This is so idiotic that requires no explanation. Here is some photos from hospital so you and morons like you should STFU As a parent I am disgusted by you likes of you. {image} {image}
Davit,

That young man favors you. You must be so proud of your son and so happy that he has gotten thru his acute illness ! Do not allow the feces that turns up here once-in-while affect you too much Just flush them down, out of your thread and ignore !
You have just posted pictures of what really matters and thank you for sharing this my brother ! Do not let the scum drive up your blood pressure up...we want you to always be well as you are so needed here...even if it may be occasionally as you can.

There are few here that obviously can help lead the group too !

Peace with you !
-John

Revised: Sorry, I thought this was your thread Davit...you are better than the folks here ! Very petty I think. BTW, excellent results - as usual !
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #83,279
  • Nov 9, 2017 7:33am Nov 9, 2017 7:33am
As for Emmanual posting his account stats I have not seen actual stats with floating PL
Usually that part is cut out!
In trading, you have to be defensive and aggressive at the same time
  • #83,280
  • Nov 9, 2017 7:35am Nov 9, 2017 7:35am
as years of my life fly by, i feel more and more like losing faith in human even though my faith in humanity has never shattered. as centuries pass by, we will keep evolving to a better specie and this will happen only thanks to compassion, mutual understanding, forgiveness and collective act of good.
As Above, So Below
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