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Trading Made Simple

  • #83,481
  • Nov 17, 2017 3:20pm Nov 17, 2017 3:20pm
Quoting Tekkies
{quote} Sesamstrasse you remember this post: https://www.forexfactory.com/showthr...10246353#reply Let see what good do you bring to this thread Post#647 and S/R Nice going Sesamstrasse This post is still applicable now as when it was posted way back. https://www.forexfactory.com/showthr...10246496#reply {image}
https://www.forexfactory.com/attachm...0&d=1510931623 ===> But not any newbie can anticipate a strong trend.

Here is my anticipation on EC D1, with SESE.
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Just to make it clear, I am not attacking you in any way, but you confused Guido with a newbie, and that is very far away from the truth. He made MTF analysis and he added to positions, because his analysis allowed him to anticipate the move, and he just rode the waves.

P.S.: You are doing well with Big E's method. As long as it works for you, keep it up!
  • #83,482
  • Nov 17, 2017 3:22pm Nov 17, 2017 3:22pm
Quoting Sesamstrasse
{quote} For sure.. Don t be too hard with her..... naja.. won t read her stuff.. keep her blocked-- But hereīs a good explanation my buddy RF made a couple of weeks ago.. https://www.forexfactory.com/showthr...9#post10246729 Happy weekend Guido
ha,ha you Damn right
the cautious seldom err....C
  • #83,483
  • Nov 17, 2017 6:01pm Nov 17, 2017 6:01pm
i have to admit i never looked at opīs method or emmanuells. one thing i noticed emmanuel said:

cut your losses short - thatīs right.

if one has a dd of letīs say 20%, whatīs needed to return to even? right.
if one allows constantly a floating loss of >10%, is the answer different? no.
simple math, the risk of ruin is statistically high.
ofc, a gambler will deny.

even with one brain cell left, itīs easy to qualify and quantify davitīs risk management.

firstly, letīs take a look on the te of a cult-follower:

https://www.forexfactory.com/drforexmd

it was up nearly -20% after a few days, now itīs -14,5%

acceptable? for a gambler: yes, ofc.

secondly, letīs take a look on the cult-leader himself:

https://www.forexfactory.com/showthr...1622&page=4164

although itīs a non-audited statement, itīs so laughable that itīs most likely the truth:

an equity of around 26.000 $ is not even tiny, itīs near to nothing. peanuts-trading of a full-time worker.
the mortgage he has is much higher than his equity (if heīs not living in an timber house or a container).
so the debts are higher than his equity; heīs a net indebted guy, gambling on loan.

now i know why he was so huffy about my wage slave statement. would be ok if he would not have this guru-mentality and a dd like this.
floating p/l was around -3500. looks like this is acceptable and normal for this approach. just devide -3500/26000 and you will get in impression how risky it is.
probability of heavy losses is high because he calls himself a fundamental trader but has no education about this (maybe he can draw naked women, but thatīs not a relevant skill for fundamental analysis). once he posted a video why cutting losses short is for loosers i know why...

fortis fortuna adiuvat
  • #83,484
  • Nov 17, 2017 10:11pm Nov 17, 2017 10:11pm
Quoting pips29
{quote} ha,ha you Damn right
The Blind leading the blind.
Both fall in the ditch.
  • #83,485
  • Edited Nov 18, 2017 1:24pm Nov 17, 2017 11:09pm | Edited Nov 18, 2017 1:24pm
Quoting catalin_eros
{quote} https://www.forexfactory.com/attachm...0&d=1510931623 ===> But not any newbie can anticipate a strong trend. Here is my anticipation on EC D1, with SESE. {image} Just to make it clear, I am not attacking you in any way, but you confused Guido with a newbie, and that is very far away from the truth. He made MTF analysis and he added to positions, because his analysis allowed him to anticipate the move, and he just rode the waves. P.S.: You are doing well with Big E's method. As long as it works for you,...
Hi catalin
He has belittle me for not following TMS, yet he does the very same thing.
People who live in glass houses shouldn't throw stones.
Has Tekkies on ignore yet he keeps on taking cheap childish immature pot shot.

You can sweet talk his post as much as you want, the fact is there is nothing of TMS in that post.
  • #83,486
  • Nov 18, 2017 12:06am Nov 18, 2017 12:06am
https://www.forexfactory.com/showthr...10246729#reply
Regarding that post here is a response that don't belong in TMS
Have replaced Synergy_APB with Renko and only apply Post#647 with S/R.
To many webpage has stated that Renko is pure Price Action.
When you judge people you are only making a fool of yourself.
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  • #83,487
  • Nov 18, 2017 2:21am Nov 18, 2017 2:21am
Quoting deltaone
i have to admit i never looked at opīs method or emmanuells. one thing i noticed emmanuel said: cut your losses short - thatīs right. if one has a dd of letīs say 20%, whatīs needed to return to even? right. if one allows constantly a floating loss of >10%, is the answer different? no. simple math, the risk of ruin is statistically high. ofc, a gambler will deny. even with one brain cell left, itīs easy to qualify and quantify davitīs risk management. firstly, letīs take a look on the te of a cult-follower: https://www.forexfactory.com/drforexmd...
You have totally missed the whole point of people standing up for Davit. How he trades is entirely up to him, his risk management is entirely up to him it is nobody else's business and yet Emmanuel constantly derides him for the way he trades, and yes Emmanuel says cut your losses short but as we've seen for ourselves with the trade explorer he posted he doesn't always do that himself. He was convinced usd/jpy was going up and kept adding to losing trades until his account disappeared along with the trade explorer.

Look at the difference on the 2 threads on Davits thread they have loads of traders newbies and experienced, saying how their trading has improved and posting their equity curves. On here as realjumper pointed out, we have a constant stream of new traders who leave again totally confused. Any experienced trader will have to get through a constant stream of derision so they don't bother to post. A cult following is what Emmanuel has, not Davit and he has posted nothing that proves he can trade at all.

https://www.forexfactory.com/showthr...6#post10477416
Success means going from failure to failure without loss of enthusiasm
  • #83,488
  • Nov 18, 2017 2:34am Nov 18, 2017 2:34am
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...
void GreenAngle()
{
double TdiGreen10 = iCustom(Symbol(),0,"TMS RSI",RSI_Period,RSI_Price,Green_Period,Green_Mode,Red_Period,Red_Mode,1,0);
double TdiGreen11 = iCustom(Symbol(),0,"TMS RSI",RSI_Period,RSI_Price,Green_Period,Green_Mode,Red_Period,Red_Mode,1,1);
double TdiRed20 = iCustom(Symbol(),0,"TMS RSI",RSI_Period,RSI_Price,Green_Period,Green_Mode,Red_Period,Red_Mode,2,0);
double TdiRed21 = iCustom(Symbol(),0,"TMS RSI",RSI_Period,RSI_Price,Green_Period,Green_Mode,Red_Period,Red_Mode,2,1);
//Convert Green Angle to Degrees
double TdiRedDegrees=(MathArctan(TdiRed20 - TdiRed21)*180)/3.1415;
double TdiGreenDegrees=(MathArctan(TdiGreen10 - TdiGreen11)*180)/3.1415;
//Green Angle Degrees
GreenDegree=IntegerToString(NormalizeDouble(TdiRedDegrees,0));
//Green Angle Level
double TDILevelCount = NormalizeDouble((TdiGreen10 + TdiGreen11)/2,0);
}
  • #83,489
  • Nov 18, 2017 2:51am Nov 18, 2017 2:51am
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...

...something like this?
Attached Image
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #83,490
  • Nov 18, 2017 6:10am Nov 18, 2017 6:10am
Quoting lisat
{quote} You have totally missed the whole point of people standing up for Davit. How he trades is entirely up to him, his risk management is entirely up to him it is nobody else's business and yet Emmanuel constantly derides him for the way he trades, and yes Emmanuel says cut your losses short but as we've seen for ourselves with the trade explorer he posted he doesn't always do that himself. He was convinced usd/jpy was going up and kept adding to losing trades until his account disappeared along with the trade explorer. Look at the difference...

Why don't you people who can't stand emmanuel7788 won't post those screenshots in big pictures every page? Not a tiny little invisible link the majority will never open.

So people will slowly absorb the real true of his skills and form the right attitude towards him.

Jusl like this:
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  • #83,491
  • Nov 18, 2017 6:25am Nov 18, 2017 6:25am
Quoting lisat
Emmanuel says cut your losses short but as we've seen for ourselves with the trade explorer he posted he doesn't always do that himself. He was convinced usd/jpy was going up and kept adding to losing trades until his account disappeared along with the trade explorer.
That is the power of ME/ME. Losing all the profit gained over 2 months in a matter of hours.

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  • #83,492
  • Nov 18, 2017 9:52am Nov 18, 2017 9:52am
Quoting Jordi
Here my results, from top to bottom: 1- This week closed trades. 2- Open trades for next week 3- Results for my first 20 day cycle ( up +5%) This weekend I will post my trading plan for next week. {image} {image}
Hi Jordi, mind to share your Calculate loss and win indicator ? Look good for me, thanks !
  • #83,493
  • Nov 18, 2017 10:20am Nov 18, 2017 10:20am
I would be grateful for some help regarding MEME stategy vs Strats entry with 3 positions at start, the advantages and disadvantages of each position sizing and management.
For MEME by Emm, I understand that an advantage is that if the trades go against you, it is possible to get a lower average entry price over thee or so trades. Trades are typically spaced at 0.5 ADR(100), so making it easier to result in a profit.

For Strat's method he specifies that three entries are made together and the first one is closed on reaching target and the other two have SL set to breakeven.

I'm wondering which has been shown to be the most successful (for anyone has tried them both) and why?
  • #83,494
  • Nov 18, 2017 10:26am Nov 18, 2017 10:26am
Quoting steve80
{quote} Hi Jordi, mind to share your Calculate loss and win indicator ? Look good for me, thanks !
yes of course, here it is
Attached File(s)
File Type: ex4 TradeReport(1).ex4   83 KB | 407 downloads
  • #83,495
  • Edited 5:47pm Nov 18, 2017 4:34pm | Edited 5:47pm
Quoting nigpig
I would be grateful for some help regarding MEME stategy vs Strats entry with 3 positions at start, the advantages and disadvantages of each position sizing and management. For MEME by Emm, I understand that an advantage is that if the trades go against you, it is possible to get a lower average entry price over thee or so trades. Trades are typically spaced at 0.5 ADR(100), so making it easier to result in a profit. For Strat's method he specifies that three entries are made together and the first one is closed on reaching target and the other...
Hi Nigpig

Simple, why not open two additional Demo accounts and run them for a few months. The problem here is it would take a year to learn MEME trading because it only takes one bad position to destroy your monthly profits. In fact the only way to learn about this strategy is by taking a few heavy losses and then applying your own safety value to the mix. I believe MEME trading is defined by how you avoid the heavy hits while steady adding lots of small profits to your equity.

Good Entry and Bad Entry

Bottom line is Strat's methods would work better for traders who like to trade small runs on the 1 hour or 4 hour charts. It works better because a GOOD entry point can be rewarded and a exit can be planned away from Red news events. MEME rewards BAD entry's because we can add further trades to save the basket. The saved rate for me is around 85% but its emotionally draining at times, but some runs are great like the EURNZD run which I have been on this July.
MEME strategy also works best for traders who can plan and clearly see the big picture on a naked chart and can handle taking 200 pip losses occasionally. Red news can hit you hard on some occasions if your'e not paying attention. This means of course you will be trading the Day Chart but you only need Rocket man to strike and your accounts blown.

A bad trader makes nothing work, a good trader will find a way to make a lot of methods work as long as they know which way the big money is going.
I have personally found a way to see where the big side of town is putting their money but's it taken me 5+ years and the elimination of almost all indicators from my chart before I could feel where the market is going. I use the TDI more as an exit than an entry.

I will admit that Emmanual gave me the biggest clue around 12 months ago on a random big picture post on how to know where the big money is being placed.
I asked myself did I just have a "light bulb moment" and have I just worked it out ( about bloody time ). Maybe it was placed there deliberately. Emmanual has given us all the clues.
Trading thin liquidity at the boundary of the charts
  • #83,496
  • Nov 18, 2017 6:05pm Nov 18, 2017 6:05pm
Quoting samanfx
{quote} Holiday and Tactical Withdrawal are very different. It is like the difference between pedophilia and philadelphia. {quote}
Back again I see. Shame you can't show us some of your great trades.
Why don't you spend all your energy on learning to trade rather than following a herd of frustrated traders who's aim is only to write in forums rather than spend time planning their next trading week.

I'm serious now, please show me what you have learned, how you trade. What is your plan for this week. what pairs are you trading.

You do have a plan, Right ?
Trading thin liquidity at the boundary of the charts
  • #83,497
  • Nov 18, 2017 6:14pm Nov 18, 2017 6:14pm
Quoting Jordi
{quote} yes of course, here it is {file}
Thanks you my friend.
  • #83,498
  • Nov 19, 2017 3:36am Nov 19, 2017 3:36am
Quoting nigpig
I would be grateful for some help regarding MEME stategy vs Strats entry with 3 positions at start, the advantages and disadvantages of each position sizing and management. For MEME by Emm, I understand that an advantage is that if the trades go against you, it is possible to get a lower average entry price over thee or so trades. Trades are typically spaced at 0.5 ADR(100), so making it easier to result in a profit. For Strat's method he specifies that three entries are made together and the first one is closed on reaching target and the...
Big MISTAKE to think that MEME is "an advantage is that if the trades go against you, it is possible to get a lower average entry price over thee or so trades...."
It is not the way many people here think it is.

Have your read these two books below?

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Click to Enlarge Name: Kathy Lien book.png Size: 201 KB


Attached Image


Everything you want to know about

Single Entry /Single Exit SE/SE
Single Entry /Multiple Exits SE/ME
Multiple Entries /Single Exit ME/SE
Multiple Entries /Multiple Exist ME/ME

Position Building

are explained in those books.

At least read this Post#76,608 and follow those links.

https://www.forexfactory.com/showthr...84#post9575484
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,499
  • Edited 5:44am Nov 19, 2017 4:11am | Edited 5:44am
Quoting samanfx
{quote} That is the power of ME/ME. Losing all the profit gained over 2 months in a matter of hours. {image}

Hey samanfx,

Its you again.
Know what? I am beginning to like you. Thanks for posting that old TE screenshot again and again. I learn from those mistakes I made that month.
You are damn right I lost all my profits from two months trading but I still have my principal amount deposit in that kedge account. We must not lose our shirt trading the forex market.

Did you copy my trades and lost money? If you did, please PM me and show me how much you lost and I will reimburse you for those losses.

Talk to you soon.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,500
  • Nov 19, 2017 4:14am Nov 19, 2017 4:14am
Quoting Botan626
{quote} Why don't you people who can't stand emmanuel7788 won't post those screenshots in big pictures every page? Not a tiny little invisible link the majority will never open. So people will slowly absorb the real true of his skills and form the right attitude towards him. Jusl like this: {image} {image}

Hey Botan626,

This is a very good idea.
When I resume my trading in Jan 2018, I will re-post that TE screenshot every month to serve as reminder for me not to repeat that two mistakes I made.

Thank you.

Hope to see some of your trade posts in this thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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