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Trading Made Simple

  • #83,641
  • Nov 28, 2017 12:47am Nov 28, 2017 12:47am
Quoting samanfx
{quote} You can get a better rookie feeling by looking at following two screenshots. See how you(r team leader emmanuel7788) lost all the profit you/he gained for two months in a matter of hours. {image} {image}
Hey Folks,

To lose thousand of pips is easy when I took the gamble. But first you need to know how to trade and earn those thousand pips in order to ensure that you do not lose your trading capital when you want take higher risk with your kedge account.

Attached Image (click to enlarge)
Click to Enlarge Name: CI500 1728pips.png Size: 238 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,642
  • Nov 28, 2017 12:52am Nov 28, 2017 12:52am
Quoting ekoooy
Another noob question. Still confused. Is it a valid when I go short in 0800? is it 2nd or 3rd candle? Thanks {image}
Are you confused with HA candle count or are you confuse with what a set up (s/u) candle is?

In your chart posted, the HA candle 0400 when nit closes below the 5EMA, Typical Price, Shift+3 is the setup candle.
But can you enter on that 0400 HA candle, YES, if the TDI Green angle is clock face 4-6, some may say 5:30clock hour is better that 5:00clock hour...???
Look carefully at the last reversal candle for the price action.

Attached Image (click to enlarge)
Click to Enlarge Name: ekoooy post 27-11-2017 13-03-10.png Size: 283 KB


Look at these 2 training charts posted by Big E.
Examples of set up (s/u) candles.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E setup candle.png Size: 187 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Big E setup candle2.png Size: 163 KB


A set up candle is always HA#1 , start counting from the set up candle #1, #2, #3, ....

KEEP THIS SIMPLE RULE CONSISTENT.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,643
  • Nov 28, 2017 1:24am Nov 28, 2017 1:24am
Here is some posts by Big E for you folks to think about this week.

Big E on Blending Systems ....

Attached Image (click to enlarge)
Click to Enlarge Name: Big E on Blending two systems.png Size: 274 KB


and this one below. an old post in Oct 2010.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E on APB HA H4 3-8 candles swing.png Size: 194 KB


Read all Big E's 1485 post here in FF and pay attention to those posts where he has attached charts. There are many things which you can pick out and write your trading rules and one day develop using your own rules a new trading system of your own.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,644
  • Edited 2:37am Nov 28, 2017 2:24am | Edited 2:37am
Quoting emmanuel7788
There is The Comedy Club here in the FF Members' Lounge.
....ooh, the comedy club is already here.
...looks like a circus wintering here.
...artists, clowns and fancy animals included..

Whenever they´re posting I can t get this jingle out of my head:

Inserted Video




I excpect soon they´re knocking on every door and beg for food and spirit..

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #83,645
  • Nov 28, 2017 2:33am Nov 28, 2017 2:33am
Dear emmanuel7788

I am not new on this forum but since today I have never posted any comments/articles etc. Meanwhile I found my strategy. What I would like to ask you is if you use the strategy of Big E/TDI Synergy strategy? Since I red (really a lot) a lot of Big E's posts this strategy (I modfied it a bit) it is one of my two strategies.

Cloudy greets from Switzerland
  • #83,646
  • Nov 28, 2017 3:27am Nov 28, 2017 3:27am
Think I have the right understanding how MEME works now. Emm's back test against mine. The differences are down to ADR value used.
Quoting emmanuel7788
{quote}Below is a back-test which I ran using my strategy tester. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD MEME example Nov 01 to 20 trades.png Size: 55 KB

Using a small account size $500 and traded 0.01 lot. Trade small , make small money.
My attempt at last seems similar and successful. My next thing to get right is choosing the correct pairs for my bag and I'm looking forward to Emm's new method in the new year.

Here is my version.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdpro-h1-gain-capital-uk-2.png Size: 145 KB
  • #83,647
  • Nov 28, 2017 3:36am Nov 28, 2017 3:36am
Quoting nigpig
Think I have the right understanding how MEME works now. Emm's back test against mine. The differences are down to ADR value used. {quote} My attempt at last seems similar and successful. My next thing to get right is choosing the correct pairs for my bag and I'm looking forward to Emm's new method in the new year. Here is my version. {image} {image}
hi nigpic,
basicly yes..
The benefit is you have profits while sideways.. or better said- you get payed for long entry while market moves down.
the big risk is when you don t get the trades closed in profit and market moves too much.

it needs a valuable number of entries for a statistic.. but the start is done..
Risiko birgt immer auch die Chance.
  • #83,648
  • Nov 28, 2017 3:44am Nov 28, 2017 3:44am
Quoting Sesamstrasse
{quote}the big risk is when you don t get the trades closed in profit and market moves too much.
I guess that is where Emm's safety valve analogy comes in.

Out of interest I tried the same data with only shorts and is below. Just goes to show that sideways suits this well, but definitely a change of trend or developing trend against would be costly.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdpro-h1-gain-capital-uk-3.png Size: 111 KB
  • #83,649
  • Edited 4:21am Nov 28, 2017 4:03am | Edited 4:21am
Quoting nigpig
{quote} I guess that is where Emm's safety valve analogy comes in. Out of interest I tried the same data with only shorts and is below. Just goes to show that sideways suits this well, but definitely a change of trend or developing trend against would be costly. {image}
I´m forwardtesting demo since spring .. and live since autumn 2017 .. after a looong period of backtesting.

With my hard earned money I better define the trend direction correctly.
My security valve is the risk limitation on a fixed account size as hard SL.
formula:
Risk pips*lotsize=drawdown
Drawdown in fixed Money = Hard SL.

I´m sure everybody will find his own risk management.
It requires a lot of time and efford.. +
not long time ago i had 6 separate demo Mt4´s with different settings to see how it runs best in forwardtesting under market conditions.

Stay tuned
Guido
Attached Image
Risiko birgt immer auch die Chance.
  • #83,650
  • Nov 28, 2017 4:04am Nov 28, 2017 4:04am
Quoting nigpig
Think I have the right understanding how MEME works now. Emm's back test against mine. The differences are down to ADR value used. {quote} My attempt at last seems similar and successful. My next thing to get right is choosing the correct pairs for my bag and I'm looking forward to Emm's new method in the new year. Here is my version. {image} {image}
Quoting nigpig
{quote} I guess that is where Emm's safety valve analogy comes in. Out of interest I tried the same data with only shorts and is below. Just goes to show that sideways suits this well, but definitely a change of trend or developing trend against would be costly. {image}

Looking at both your charts, you have learn from my posts showing those MEME trades in lower timeframe chart details. You are obviously someone with trading experience and good knowledge in mql4 programming ...
The art of trading MEME is controlling risk and managing both your account balance and equity, you manage to keep your equity and balance close to each other... which is very important.

Look at this example below.
Its AUDNZD which I simulated sell from Oct 5 onwards with MEME trade manager. Now you run yours and see if your can keep your equity above your balance.
Selling against a D1 TMS setup and risk account drawdown but can still recover under certain market condition.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD Sell Oct 04 till Nov 24.png Size: 59 KB


Have Fun learning.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,651
  • Nov 28, 2017 4:38am Nov 28, 2017 4:38am
Quoting emmanuel7788
{quote}Have Fun learning.
Thanks Emm, that will be interesting task and a learning experience. I'm actually a programmer by trade so MQL comes easy were trading does not. But I'm learning gradually thanks to the help here.
  • #83,652
  • Nov 28, 2017 5:08am Nov 28, 2017 5:08am
Quoting emmanuel7788
{quote} Are you confused with HA candle count or are you confuse with what a set up (s/u) candle is? In your chart posted, the HA candle 0400 when nit closes below the 5EMA, Typical Price, Shift+3 is the setup candle. But can you enter on that 0400 HA candle, YES, if the TDI Green angle is clock face 4-6, some may say 5:30clock hour is better that 5:00clock hour...??? Look carefully at the last reversal candle for the price action. {image} Look at these 2 training charts posted by Big E. Examples of set up (s/u) candles. {image} {image} A set up...

Okay thanks buddy.

So basically, most of the trade setup is always candle #1, and always have an entry on candle #2?
  • #83,653
  • Nov 28, 2017 5:23am Nov 28, 2017 5:23am
Quoting emmanuel7788
{quote} Are you confused with HA candle count or are you confuse with what a set up (s/u) candle is? In your chart posted, the HA candle 0400 when nit closes below the 5EMA, Typical Price, Shift+3 is the setup candle. But can you enter on that 0400 HA candle, YES, if the TDI Green angle is clock face 4-6, some may say 5:30clock hour is better that 5:00clock hour...??? Look carefully at the last reversal candle for the price action. {image} Look at these 2 training charts posted by Big E. Examples of set up (s/u) candles. {image} {image} A set up...

I am still confused.

How can we enter on candle #1? Also if its a bounce trade, how can we enter on it? (The bounced angle is moving), What can be the basis?

Thanks
  • #83,654
  • Nov 28, 2017 5:30am Nov 28, 2017 5:30am
Hi, regarding group 3, yesterday I said, I was waiting for a signal, so well, at the close, it was a sell signal on GBPNZD, so I sold this pair. Here how I see it.

Group 3: GBPNZD. My bias is SHORT. ATR 100 is 175.

Monthly: The trend is up, but now the price is hitting a very strong resistance zone. This type of resistance zones, normally are not broken at the first intent. So I expect a correction from here.

Weekly: We can see selling pressure when price approach to resistance zone (blue rectangle), and there is a confluence between this zone, and the 200 EMA (aqua). Then, and this is interesting, the week of 29/10/17 was a WRB (red lines), the week of 12/11/17 also was a WRB (white lines), and last week (aqua lines) was a IB . This is a repetitive pattern I've seen before:

1- A big candle hitting an important resistance/support zone (WRB or MC).
2- An inside bar.
3- A change of trend, a reversal, or a beginning of a correction.

Let's see what happen in the following weeks.

Daily: TDI (D1) is bearish, and yesterday the price closed below of the 5 EMA and below of the weekly IB level.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPNZD 28.11.17.png Size: 146 KB
Click to Enlarge Name: GBPNZD 28.11.17.W1.png Size: 88 KB
  • #83,655
  • Nov 28, 2017 5:43am Nov 28, 2017 5:43am
Quoting Jordi
Hi, regarding group 3, yesterday I said, I was waiting for a signal, so well, at the close, it was a sell signal on GBPNZD, so I sold this pair. Here how I see it. Group 3: GBPNZD. My bias is SHORT. ATR 100 is 175. Monthly: The trend is up, but now the price is hitting a very strong resistance zone. This type of resistance zones, normally are not broken at the first intent. So I expect a correction from here. Weekly: We can see selling pressure when price approach to resistance zone (blue rectangle), and there is a confluence between this zone,...

Hi,

I am not trading this week but I have done my Big Picture as usual every weekend.

Sell today open is the right decision with the BEOB/BEEB setup on D1 chart. The BEOB/BEEB closed below it 10EMA, perfect setup looking at the PA with theWCC High.


If you had done your MN BPP and have those MN swing levels on your chart, you will see them on my chart below. Those Violet colour are MN Swing level.
We see how the price rally ended with the Weekly big candle aka WCC. and now we see selling from the WCC High. I would target the WCC Low .

Selling is Plan A.

What about a Plan B? .. the MN and W1 are ranging but upwards direction.

What about a plan for potential breakout of the WCC? perhaps calling that your Plan C

With a Plan A, Plan B and a Plan C, do we need to recovery trade plan?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Week 48 BPP Nov 28.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,656
  • Nov 28, 2017 5:43am Nov 28, 2017 5:43am
Quoting emmanuel7788
{quote} {quote} Looking at both your charts, you have learn from my posts showing those MEME trades in lower timeframe chart details. You are obviously someone with trading experience and good knowledge in mql4 programming ... The art of trading MEME is controlling risk and managing both your account balance and equity, you manage to keep your equity and balance close to each other... which is very important. Look at this example below. Its AUDNZD which I simulated sell from Oct 5 onwards with MEME trade manager. Now you run yours and...
Hi, if I'm not wrong, you have up to 8 positions. Is not 5 the maximum?
  • #83,657
  • Edited 6:13am Nov 28, 2017 6:00am | Edited 6:13am
Quoting nuugman
Dear emmanuel7788 I am not new on this forum but since today I have never posted any comments/articles etc. Meanwhile I found my strategy. What I would like to ask you is if you use the strategy of Big E/TDI Synergy strategy? Since I red (really a lot) a lot of Big E's posts this strategy (I modfied it a bit) it is one of my two strategies. Cloudy greets from Switzerland

Hi nuugman,

I love Switzerland .. had 2 skiing holidays at Zermatt many years ago and love the place.

About Big E TMS 5-Method, it is a good trading methodology. Its simple and elegant trend following trading. Many traders are still struggling to understand how Big E traded. The reason is Big E had many years trading experience, he traded the stock market for 9 years and then forex which he had 6,000 trading hours. That is why his trading is discretionary and based on his knowledge and experience how he reads his charts.
If we try trade the 5-Method following mechanical rules 100% we will not get close to 70% win rate. At best, we can get about close to 50% win rate by taking every one of the setup candle. below is what I get running this in my strategy tester with a $10k account and trading 3.0 lot each trade. Following very closely Big E exit style.

I have been trading with the RSI for many years before this TDI came into the market. So it is simple enough for me to follow using the TDI. I trade following Price Action and the TDI is just a tool to confirm the Price Action nothing more to it.

Can we make money trading this TMS 5-Method? YES.
How much money do you want to make from the market depends on how much you want to invest in yourself ,in your trading education and your investment trading capital.

Attached Image (click to enlarge)
Click to Enlarge Name: UsdChf Jan 02 to Nov 24 10k.png Size: 98 KB


Edit: that chart above is UsdChf backtest for Jan 02 to Nov 24. Taking every setup candle like Big E definition. Quick BE after 25pips move, exit grab 25pips and use trailing stop 25pips. Fully 100 % mechanical entry and exit.... no human discretion.
kind regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,658
  • Nov 28, 2017 6:10am Nov 28, 2017 6:10am
Quoting Jordi
{quote} Hi, if I'm not wrong, you have up to 8 positions. Is not 5 the maximum?

yes, that is correct observation.

I can have any thing up to 99 if I want because the parameter allows has 2 digits input.

Each basket has 5 positions, that's basic rule for MEME entry to get the average entry price.

For advance traders, we trade between those MN swing levels and we must know the range from one level to the next. That was AUDNZD trade example and I have my BPP done so I know the levels I am trading between. Even when I deliberately Sell when the market type was for Buy in the month of Oct. Tis can mean we will open more than one basket when we trade in a very large range. It boils back down to the money management, how much risk for that trade plan and how we divide the maximum risk into several smaller baskets. What would be the worst case scenario when we have to cut losses... what Plan A fails. Can our Plan B work recover the first cut loss? A lot of planning work, what if this happen and what of that happens? etc.
It is not so simple a business, just to buy when HA close above sell when HA close below etc. TDI cross up, cross down, goes flat, etc.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,659
  • Nov 28, 2017 6:18am Nov 28, 2017 6:18am
Quoting emmanuel7788
{quote} Hi, I am not trading this week but I have done my Big Picture as usual every weekend. Sell today open is the right decision with the BEOB/BEEB setup on D1 chart. The BEOB/BEEB closed below it 10EMA, perfect setup looking at the PA with theWCC High. If you had done your MN BPP and have those MN swing levels on your chart, you will see them on my chart below. Those Violet colour are MN Swing level. We see how the price rally ended with the Weekly big candle aka WCC. and now we see selling from the WCC High. I would target the WCC Low . Selling...
Very good questions. I must recognize I don' have a plan B, neither a plan C, and neither a recovery plan, because I don't have a recovery strategy because I don't know how to do it. Are you so kind to show us an example of plan B, plan C, and the recovery strategy if plan A goes wrong?
  • #83,660
  • Nov 28, 2017 6:29am Nov 28, 2017 6:29am
Quoting Sesamstrasse
{quote} I´m forwardtesting demo since spring .. and live since autumn 2017 .. after a looong period of backtesting. With my hard earned money I better define the trend direction correctly. My security valve is the risk limitation on a fixed account size as hard SL. formula: Risk pips*lotsize=drawdown Drawdown in fixed Money = Hard SL. I´m sure everybody will find his own risk management. It requires a lot of time and efford.. + not long time ago i had 6 separate demo Mt4´s with different settings to see how it runs best in forwardtesting under market...
i don´t use mt4, but good luck with that. sounds like a risk-averse trading approach.
fortis fortuna adiuvat
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