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Trading Made Simple

  • #83,501
  • Nov 19, 2017 2:28am Nov 19, 2017 2:28am
Hey Folks,

have you heard of Nedging?

if not read Hanover thread.
link here
https://www.forexfactory.com/showthread.php?t=273035
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,502
  • Nov 19, 2017 3:14am Nov 19, 2017 3:14am
Quoting emmanuel7788
{quote}This is a very good idea.

You didn't get my point in what I was saying.


Plus, Jan 2018 is way too far away from now and just 12 posts with your TE is way too few and seldom.


So how about now?
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  • #83,503
  • Nov 19, 2017 3:22am Nov 19, 2017 3:22am
Quoting Botan626
{quote} You didn't get my point in what I was saying. Plus, Jan 2018 is way too far away from now and just 12 posts with your TE is way too few and seldom. So how about now? {image} {image}
Hey Botan626,

Be patient.

I will resume my trading in Jan 2018. Now I enjoy my year end vacation.

I promise that I will post that old TE screenshot every month as reminder that I will not make that same two mistakes again.

Stay tuned.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,504
  • Nov 19, 2017 3:29am Nov 19, 2017 3:29am
Quoting emmanuel7788
{quote} Hey Botan626, Be patient. I will resume my trading in Jan 2018. Now I enjoy my year end vacation. I promise that I will post that old TE screenshot every month as reminder that I will not make that same two mistakes again. Stay tuned.

What 2 mistakes lead you to 1529 pips loss?

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  • #83,505
  • Nov 19, 2017 3:42am Nov 19, 2017 3:42am
Quoting Botan626
{quote} What 2 mistakes lead you to 1529 pips loss? {image} {image}

For those who follow my MEME trading in this thread, they would know by now.

There are a few rules which I fave mentioned many times in my posts here. The rules are in the Exit Strategy which prevent your trading account from blowout and also to protect your base capital.

Let me make this an exercise for those who have been following mys MEME trades.
Tell me which two rules did I break which resulted in that USDJPY to suffered that huge loss where I lost all my 2 months of profits.

How did I manage to preserve that initial kedge account deposit?


Anyone can try answer this.

The first person who answer this correctly by New York session open on Monday Nov 20 will get a prize reward from me. I can be quite generous.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,506
  • Nov 19, 2017 3:47am Nov 19, 2017 3:47am
Quoting emmanuel7788
{quote}There are a few rules which I fave mentioned many times in my posts here. The rules are in the Exit Strategy which prevent your trading account from blowout and also to protect your base capital.

So you don't follow your own rules.

Keep it going.
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  • #83,507
  • Nov 19, 2017 3:47am Nov 19, 2017 3:47am
Quoting emmanuel7788
{quote} For those who follow my MEME trading in this thread, they would know by now. There are a few rules which I fave mentioned many times in my posts here. The rules are in the Exit Strategy which prevent your trading account from blowout and also to protect your base capital. Let me make this an exercise for those who have been following mys MEME trades. Tell me which two rules did I break which resulted in that USDJPY to suffered that huge loss where I lost all my 2 months of profits. How did I manage to preserve that initial kedge account...
averaging the loosers .. not a goodd idea at all ..
  • #83,508
  • Nov 19, 2017 3:49am Nov 19, 2017 3:49am
Quoting connect_ananth
{quote} averaging the loosers .. not a goodd idea at all ..

Yes. I agree with that.

Never do that when we trade with our hard earned money from our day jobs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,509
  • Nov 19, 2017 3:58am Nov 19, 2017 3:58am
Quoting Botan626
{quote} So you don't follow your own rules. Keep it going. {image} {image}

Yes. There are times where I will not follow my own written rules.

In that USDJPY trades, I did not follow my own rules and I got punished for that. I learned my mistake.

There were times I want to follow my own written rules but the broker did not allow me to. That happened on March 11, 2011. I lost AUD31K in one week trading the stock market. Trading forex and CFD is very dangerous, you can lose more that your account deposit.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,510
  • Nov 19, 2017 4:03am Nov 19, 2017 4:03am
Quoting emmanuel7788
{quote} Yes. There are times where I will not follow my own written rules. In that USDJPY trades, I did not follow my own rules and I got punished for that. I learned my mistake. There were times I want to follow my own written rules but the broker did not allow me to. That happened on March 11, 2011. I lost AUD31K in one week trading the stock market. Trading forex and CFD is very dangerous, you can lose more that your account deposit.
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  • #83,511
  • Nov 19, 2017 4:27am Nov 19, 2017 4:27am
Quoting Botan626
{quote} {image} {image} {image}
Hey Folks,

As traders, we are responsible for our own actions and decisions. Therefore I emphasize many times that we all must learn to become independent traders and not rely on anyone else.

You want to trade TMS, you must first learn how the OP eelfranz aka Big E traded during his time between 2008 till 2011.
Learn and master the 5-Method first then you can write your own rules how you want to trade with the 5-Method.
If you are not confident with the aggressive entry method, why not you try the conservative entry method which many new traders are using.
The conservative entry method is how Big E started with in 2009. As he gained more confidence, he created his aggressive entry.
Its your own choice what you want to do and how you want to trade.

For me and many others here, we are trading the old conservative entry method.


I am off now until the next port call.... in 2 days time.

Good luck and enjoy the trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,512
  • Nov 19, 2017 4:31am Nov 19, 2017 4:31am
Quoting emmanuel7788
{quote} For those who follow my MEME trading in this thread, they would know by now. There are a few rules which I fave mentioned many times in my posts here. The rules are in the Exit Strategy which prevent your trading account from blowout and also to protect your base capital. Let me make this an exercise for those who have been following mys MEME trades. Tell me which two rules did I break which resulted in that USDJPY to suffered that huge loss where I lost all my 2 months of profits. How did I manage to preserve that initial kedge account...
Because you didn't risk your deposit. You was trading with your profits. That is combining insurance model with lotto model.
  • #83,513
  • Nov 19, 2017 5:45am Nov 19, 2017 5:45am
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}
Bravo!

I know the starts of something are always the mostr difficult parts--
MeMe isn t that easy and it needs a but courage to start "alone"
Looks like you made within a couple of months a good progress.
Keep ut the excellent postings

Really nice curve.

stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #83,514
  • Edited 6:59am Nov 19, 2017 6:13am | Edited 6:59am
guys I'm testing me / me but the results show that when you lose a basket of trades the losses are so great that you lose all the profits.
I wonder, how do you cut off the losses if, at the time of the opening of the last trade of the basket, the losses are already overwhelming?
  • #83,515
  • Nov 19, 2017 7:20am Nov 19, 2017 7:20am
Quoting emmanuel7788
{quote} For those who follow my MEME trading in this thread, they would know by now. There are a few rules which I fave mentioned many times in my posts here. The rules are in the Exit Strategy which prevent your trading account from blowout and also to protect your base capital. Let me make this an exercise for those who have been following mys MEME trades. Tell me which two rules did I break which resulted in that USDJPY to suffered that huge loss where I lost all my 2 months of profits. How did I manage to preserve that initial kedge account...
Based on my memory in that TE account:

- too many ME trades were opened on a single pair while the rule is have a maximum of 5 opened trades per pair.
- the risk was more than 2% per pair and more than 10% per account while the rule states otherwise.

Seems to me that you were reusing your profits from market to save the whole basket, in the end as you said above - you can be quite generous - you gave all profits back to market.

I have my lessons/ideas extracted from that TE account and I believe that true learners on this thread appreciate what traders like Emmanuel post in here, be they good or bad experiences as long as they are trading related they are valuable lessons/ideas. Of course the trader is responsible to test and fit any idea to himself.
  • #83,516
  • Nov 19, 2017 9:01am Nov 19, 2017 9:01am
Quoting emmanuel7788
{quote} For those who follow my MEME trading in this thread, they would know by now. There are a few rules which I fave mentioned many times in my posts here. The rules are in the Exit Strategy which prevent your trading account from blowout and also to protect your base capital. Let me make this an exercise for those who have been following mys MEME trades. Tell me which two rules did I break which resulted in that USDJPY to suffered that huge loss where I lost all my 2 months of profits. How did I manage to preserve that initial kedge account...
Simply, set a stop loss.
Don't average down more than 3X re "Day Trading and Swing Trading the Currency Market" book you gate a link to on https://www.forexfactory.com/showthr...08#post6700508
  • #83,517
  • Nov 19, 2017 10:02am Nov 19, 2017 10:02am
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

Very inspiring and can read a lot of hardwork behind on this results, you are doing very good in this. Well, I have tried and have been still doing various approaches on TMS but still to find a very good success in this arena. Trader like you have valuable insights on how you approach towards each trades and your preparations on trade plan would be a great footsteps for people like me. I have lost a good fortune in forex so far and still stumbling to find a right strategy with stressfree life in forex trading. I hope you will extend your kind advise and help in supporting those who wish to come out from this stigma. I will PM you to get a personalised if that wont give you any stress... thanks again for your kind help in advance.... god bless you, JB
  • #83,518
  • Edited Nov 20, 2017 8:50am Nov 19, 2017 10:18am | Edited Nov 20, 2017 8:50am
Quoting emmanuel7788
{quote}Tell me which two rules did I break which resulted in that USDJPY to suffered that huge loss where I lost all my 2 months of profits. How did I manage to preserve that initial kedge account deposit?
Capital Protection:

1st level: Dynamic Cut-Loss.
2nd level: Equity Protection.
(3rd level): POSL ('Black Swan Protection').

I think you did not manage 1st and 2nd in that USD/JPY position.

Regards.
  • #83,519
  • Edited 12:27pm Nov 19, 2017 11:19am | Edited 12:27pm
I have long positions open on EURGBP, and short positions open on GBPCHF.

EURGBP: My bias is bullish. ATR D1 100: 70

Monthly: Trend is bullish. But two previous months has been bearish. TDI is also bearish, but the price hasn't closed below of the PAC. In fact, on the monthly chart, this pair is now a sideways market type, because September was a mother candle, and October was an inside bar.

Weekly: Weekly trend is bearish, but it looks like the price can't break the support zone. In fact, after hitting the support zone, where there is confluence with 50 MM, price reversed forming a nice pin bar ( last week of October).Also, TDI is bullish, and the price has broken the bearish trendline.

Daily: TDI is Bullish, and the price has broken the bearish trendline. Although Friday's bar opened and closed inside the PAC, I expect only a pullback to the broken bearish trendline. The 4h chart, with a buy signal on TDI, is a positive factor, which favors holding this position.

GBPCHF: My bias is bearish. ATR D1 100: 110

Monthly: Trend is bullish.

Weekly: Weekly trend is bullish, but the last week of October was an evening star. Last week was an inside bar, and this week is breaking the range, on the downside, but finally has closed, again, inside the WRB. Also, TDI is about to give a sell signal.

Daily: TDI D1 is bullish now, so is better to get out of this trade as fast as possible.

In my favor: Friday's bar was bearish and closes inside of the PAC. Also, on 4h chart, the TDI is bearish, and there is a close below of the PAC, so I expect some downtrend pressure on Monday.

EURJPY: My bias is bearish. ATR D1 100: 100

Monthly: Trend is bullish. TDI bullish, but at 68 level. Last month was an inside bar, and there isn't a breakout, yet.

Weekly: On longterm is bullish, but is sideways on the short term, with a sell signal on TDI.

Daily: TDI D1 is bullish now, so is better to get out of this trade as fast as possible.

In my favor: Friday's bar was a BEEB, and closes below of the PAC. Also, the TDI is very close to giving a sell signal. Although, is not a clear sell signal, and although the range has not been broken, after checking other yen pairs, I think there is a very good chance for gaining some pips selling this pair.


XAUUSD: My bias is bullish. ATR D1 100: 13

Monthly: Trend is sideways.

Weekly: buy signal on TDI, and last week bar, was a BUEB, although it closed inside the PAC.

Daily: TDI D1 is bullish again, and Friday's bar was a BUEB, closing above the PAC.

I will add, more pairs later, if I see good opportunities.
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  • #83,520
  • Nov 19, 2017 11:36am Nov 19, 2017 11:36am
Quoting Sesamstrasse
{quote} Bravo! I know the starts of something are always the mostr difficult parts-- MeMe isn t that easy and it needs a but courage to start "alone" Looks like you made within a couple of months a good progress. Keep ut the excellent postings Really nice curve. stay tuned Guido
Quoting Jackbahrain
{quote} Hi Jordi Very inspiring and can read a lot of hardwork behind on this results, you are doing very good in this. Well, I have tried and have been still doing various approaches on TMS but still to find a very good success in this arena. Trader like you have valuable insights on how you approach towards each trades and your preparations on trade plan would be a great footsteps for people like me. I have lost a good fortune in forex so far and still stumbling to find a right strategy with stressfree life in forex trading. I hope you will extend...
Thank you guys for your kind words. I appreciate it.

Jackbahrain, although I am pleased with your words, I must say that I'm just a newbie with this method (not in the trading), so I'm still learning.

PS: I must say, that I don't understand why some people are so aggressive with Emmanuel because what is giving here, for FREE, is gold, pure gold, at least from my point of view, and I've been trading since year 2000, so I think, I know what I say.
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