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Trading Made Simple

  • #83,661
  • Nov 28, 2017 6:37am Nov 28, 2017 6:37am
Quoting emmanuel7788
{quote} 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...
this doesnīt seem to be a risk-averse trading approach. huge draw downs and a high risk of ruin.
fortis fortuna adiuvat
  • #83,662
  • Nov 28, 2017 6:44am Nov 28, 2017 6:44am
this might be a useful tool:

http://www.wisdomtrading.com/risk-dr...in-calculator/

note: neither iīm associated with that company nor i know/use/advertise their commercial products.
fortis fortuna adiuvat
  • #83,663
  • Nov 28, 2017 6:48am Nov 28, 2017 6:48am
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...
Last question.

In this 1hr chart. Is my analysis correct? Thanks. Entry will be on candle #2?
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  • #83,664
  • Nov 28, 2017 6:57am Nov 28, 2017 6:57am
Quoting emmanuel7788
{quote} Once upon a time I was confused too. But that was long time ago. I have since sorted that out. Two most important posts, IMHO that helped me sort out my confusion. {image} {image} Now you have to sort out on your own. Have fun!
Hey emmanual7788. Did you have a Trade Explorer up?
Gone to a better place
  • #83,665
  • Nov 28, 2017 7:20am Nov 28, 2017 7:20am
Quoting deltaone
{quote} this doesnīt seem to be a risk-averse trading approach. huge draw downs and a high risk of ruin.

I agree with you. I've done some backtests and this way of trading can lead to huge losses.
Maybe I missed something but I searched and coded all the conditions and the gap between a single winning basket of trades and a single loser basket, where each position is opened with the same amount, is huge.. how to keep the losses short?
I have never seen images of losing basket of trades or images of how to cut the losses in this thread.
  • #83,666
  • Nov 28, 2017 7:31am Nov 28, 2017 7:31am
Quoting Giannis95
{quote} I agree with you. I've done some backtests and this way of trading can lead to huge losses. Maybe I missed something but I searched and coded all the conditions and the gap between a single winning basket of trades and a single loser basket, where each position is opened with the same amount, is huge.. how to keep the losses short? I have never seen images of losing basket of trades or images of how to cut the losses in this thread.
Put it simple: MEME is not Trading Made Simple
  • #83,667
  • Nov 28, 2017 7:38am Nov 28, 2017 7:38am
Quoting deltaone
{quote} this doesnīt seem to be a risk-averse trading approach. huge draw downs and a high risk of ruin.

Yes. I fully agree with you.

But that is the way Big E traded, He would deposit $10k into his trading account and risk 15% to 30% per trade, whcih he would trade 2 to 4 standard lost per trade.
Quick way to lose $10k but he has the money.
I don't trade the way he did. I prefer to use %risk and Stop Loss to calaculate every trade position size with the Stop Loss.
Every trade loss is pre-determined with a SL and Position Size hence the money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,668
  • Nov 28, 2017 7:39am Nov 28, 2017 7:39am
Quoting smikester
{quote} Hey emmanual7788. Did you have a Trade Explorer up?

Yes, but I prefer FX Blue which has other features which TE does not have at the moment. TE has limited support for other trading platforms other than MT4.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,669
  • Nov 28, 2017 7:44am Nov 28, 2017 7:44am
Quoting Tekkies
{quote} Put it simple: MEME is not Trading Made Simple

@Tekkies,

You are correct MEME trading is not trading made simple.
I have explained this many times here.
I cannot trade with risk 15% to 30% per trade.
Trading with MEME requires lots of years of experience in managing investments and trading the markets. Not recommended for newbies.

But when people are open minded and willing to learn, they will benefit from learning.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,670
  • Nov 28, 2017 7:49am Nov 28, 2017 7:49am
Quoting Giannis95
{quote} I agree with you. I've done some backtests and this way of trading can lead to huge losses. Maybe I missed something but I searched and coded all the conditions and the gap between a single winning basket of trades and a single loser basket, where each position is opened with the same amount, is huge.. how to keep the losses short? I have never seen images of losing basket of trades or images of how to cut the losses in this thread.

@Gianni,

would you share some of your backtests charts and trades and let me see what you have done just to be sure that you are following the discussions here.

how can there be huge losses when you have doen your trade plan with %risk and use stop loss and calculated every trade position size?
the money loss is the same regardless if you use a 300 pips for SL or a 50 pips for SL.

your problem maybe that you trade with fixed lot size and small stop loss, this is where most traders will lose long term.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,671
  • Nov 28, 2017 7:53am Nov 28, 2017 7:53am
Quoting Jordi
{quote} 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?

Jordi,

I am very kind and also generous person but most people here are not ready.
Most prefer to keep it simple and do not want to learn more than what Big E shared.
So I let them be and hope they will read all the posts and be able t catch up some day.

Those in the new thread are ahead of others here. Sorry.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,672
  • Nov 28, 2017 7:59am Nov 28, 2017 7:59am
Quoting ekoooy
{quote} Last question. In this 1hr chart. Is my analysis correct? Thanks. Entry will be on candle #2? {image}

Hi,

Big E's original definition of a set up candle is the HA candle which close above the 5EMA for buy with TDI confirmation. The opposite for sell.

So you setup candle is wrong. Your Entry candle is the setup candle and you can entry during that candle.

See this old post:
You can enter a buy a trade even when the HA candle is below the 5EMA. Look at the price action of the real price and the HA candles cover the real price.

https://www.forexfactory.com/showthr...93#post4590293
Attached Image (click to enlarge)
Click to Enlarge Name: Big E entert below 5EMA.png Size: 141 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,673
  • Nov 28, 2017 8:13am Nov 28, 2017 8:13am
Quoting ekoooy
{quote} 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

the basis is Price Action with MOMENTUM.

I used to trade M5 in my early years, it was then very exciting to trade in the fast lane making 15 to 20 pips in quick time.

Now of you go to strat thread, watch how they trade M5 charts. That was the way I traded 5-Minute MOMO.

Here example of today 5Min MoMo trade example

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 5MIN MoMo.png Size: 48 KB


its much simpler than TMS ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,674
  • Edited 9:00am Nov 28, 2017 8:37am | Edited 9:00am
A cheerleader and her pets on attack

Within the expected

But our friend Pennywise is right about one thing= paying attention to detalis.

1st detail=

A real man do not go asking for women' pictures over the internet, only weirdos.

https://www.forexfactory.com/showthr...34#post6401934

2nd detail=

When you are a rookie guitar player, you do not go uploading videos to Youtube, wait until you will master it, clown.

Inserted Video


3rd detail=

Just like with guitar playing, when you are rookie trader, you do not start a new thread every 2 years, pretending to be an expert after reading a book,
only for newbies to make you their head cheerleader
getting their hard-earned money locked into big floating losses

Idiot, moron, simpleton, bozo, imbecile, clown, what else?


This guy is a loser



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  • #83,675
  • Nov 28, 2017 8:40am Nov 28, 2017 8:40am
Hi Emm, there is something that draws my attention every time is see one of your old posts about results, for example this one https://www.forexfactory.com/showthr...84#post8834884


271 trades in one single week, and 7262 pips, with 5 pairs, are a lot of trades and a lot of pips. Or maybe you were trading with more than 5 pairs?
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  • #83,676
  • Edited 9:31am Nov 28, 2017 9:04am | Edited 9:31am
Quoting deltaone
{quote} i donīt use mt4, but good luck with that. sounds like a risk-averse trading approach.
Hi Delta.
I wasn t happy with Tradingstation and Ninjatrader.

At the moment the mt4 makes moste sense because we developed a risk managing tool to trade Multientries and Multiexits.

My broker offers two different kinds of instruments in my mt4.
One with core spread + commissions(EURUSDc) and another one included spread +comm.(EURUSD)

The next couple of weeks Iīll start a forwardtesting with both kind of entries in the same account to see a benefit of both technics.
It will take the whole 2018.
Meanwhile I opened a small separate live account to let my experience play out.
But Iīd never risk my whole Fx account for a kind of moneymanagement that can cost your account quickly if you do it wrong.

The main issue with trading is : after some days/weeks we know how to do.. -Itīs the big mistake ..

In D1 trading, I normally have 3-8 Trades a month.. with Multientry itīs still 3-8 trades.
And to have a real statistic we can t take " Ten " and say.. 5 of 10 is 50% ..
For a proven statistic I need 100. -- so it takes a bit time..

But itīs worth it to make homework and get good results..

The main benefit to my trading I did the last years is :
" Check my charts 1-3 times a day".. and I have no need to get in the trade exactly at a point..
The riskmanaging tool makes the work. based on our homework..
Iīm really happy with the whole package.

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #83,677
  • Nov 28, 2017 10:14am Nov 28, 2017 10:14am
Quoting Jordi
Hi Emm, there is something that draws my attention every time is see one of your old posts about results, for example this one https://www.forexfactory.com/showthr...84#post8834884 271 trades in one single week, and 7262 pips, with 5 pairs, are a lot of trades and a lot of pips. Or maybe you were trading with more than 5 pairs? {image}
Hi Jordi, just want to mention that those results are NOT for a single week - it's for more than 3 weeks - Week 09 to 12 ( Mar 2 to 24)
  • #83,678
  • Nov 28, 2017 10:24am Nov 28, 2017 10:24am
Quoting emmanuel7788
{quote} @Tekkies, You are correct MEME trading is not trading made simple. I have explained this many times here. I cannot trade with risk 15% to 30% per trade. Trading with MEME requires lots of years of experience in managing investments and trading the markets. Not recommended for newbies. But when people are open minded and willing to learn, they will benefit from learning. {image}
Nowhere did Eelfranz tell people they had to trade with that amount of risk. Risk is entirely down to the individual and nothing to do with the system itself.
Success means going from failure to failure without loss of enthusiasm
  • #83,679
  • Edited 11:26am Nov 28, 2017 10:36am | Edited 11:26am
Quoting MDTrader
{quote} Hi Jordi, just want to mention that those results are NOT for a single week - it's for more than 3 weeks - Week 09 to 12 ( Mar 2 to 24)
You are absolutely right. My fault .

but for example, here https://www.forexfactory.com/showthr...42#post8805142

185 trades and 4347 pips, for one week, is still a lot of trades and pips for a single week. So, how many pairs you were trading Emm?

Week 09 to 10 ( Mar 2 to 10)
Winning trades : 150
Losing trades : 35
Total Win pips : 4,347 pips
Average Win Pips : 28.6 pips
Average Win Amount: $559.17
Average Lot Size : 2.07 std.
Average duration of trade : 7Hours 55Mins
Attached Image
  • #83,680
  • Nov 28, 2017 10:56am Nov 28, 2017 10:56am
Quoting emmanuel7788
{quote} Yes, but I prefer FX Blue which has other features which TE does not have at the moment. TE has limited support for other trading platforms other than MT4.
Have you got the link for yourFX Blue account?
Gone to a better place
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