Trading Made Simple | Page 4188 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #83,741
  • Dec 1, 2017 11:39am Dec 1, 2017 11:39am
Quoting ekoooy
Hi. Question. @emmanuel In this chart, GBPAUD H4 Will you enter here in vertical line (0800)? The Green line just crossed the Red line at the beginning, If Yes, (why will you enter? The green line may just bounce back) Thanks. {image}

Big E did not trade any of the GBP crosses.

You should stick to those 8 pairs which Big E traded during his lifetime.

https://www.forexfactory.com/showthr...74#post4570374

I'd say pick the charts you like to trade and understand their movements... breathing patterns...

I always like to have the E/U, G/U and A/U side by side on top plus one more chart. Those three charts tend to move together in the same direction. So if I see a set up on one I usually find a set up on one or both on the other pairs. I've made a lot of pips trading all three at the same time.

I usually include 2-3 Japaneese charts... a Usd/Cad chart. Always end up with 8 charts on one page.

Dean trades these on top...e/u, g/u e/j, a/u left to right and these below... left to right... u/chf, u/j, g/j , u/cad. Setting them up that way generally means the top chart is moving in one direction and the one directly below moves in the opposite direction...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,742
  • Dec 1, 2017 11:57am Dec 1, 2017 11:57am
I read often that 95% of traders lose money and I believe that is true.
But now I read that 99% of traders lose their money ...

https://www.forexfactory.com/showthread.php?t=714796

The one reason why 95% or 99% of traders lose their money is simply they do SELF SABOTAGE to themselves. I see a few people in this thread doing exactly that.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,743
  • Dec 1, 2017 12:08pm Dec 1, 2017 12:08pm
Quoting emmanuel7788
USDJPY Dec 01, 2017 First trading of the Dec month and last trading day of this Week 48. If today price does not close above 112.70, we may see range next week. Quite narrow range of about 170 pips. Talks about FED rate hike in December, will that happen? But first we have NFP next week on Friday Dec 08. There are 4 price levels - Nov OHLC, price will revisit any of the remaining 3 this month. {image} Big Picture below. {image}

16 hours later after the above post,

what UJ did today?
next week will be range tradng until ......


Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Dec 01 NY second session.png Size: 37 KB


Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY BPP Dec 01 -2.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,744
  • Dec 1, 2017 12:13pm Dec 1, 2017 12:13pm
Quoting Jordi
HI Emm, I have a question regarding stop loss. There are old posts where you explained that the stop loss is calculated from average entry price. For example: https://www.forexfactory.com/showthr...15#post8810115 Now I have 2 trades (GBPNZD and EURCAD) with my 5th position filled (I'm short), because the average entry price is higher, the stop loss for the whole position is higher too. That means that the stop loss for the first position ( the first 0.20 %) is higher that the original stop loss ( the same happen with the 2nd,...

Hi Jordi,

I believe GBPNZD made money for both Plan A (master account) and Plan B (kedge account) , right?

So that saying " Bulls make money, Bears make money, ... is true and "Only Pigs get slaughtered".

Plan C still valid for next week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,745
  • Dec 1, 2017 12:15pm Dec 1, 2017 12:15pm
https://www.forexfactory.com/showthr...10497299#reply
https://www.forexfactory.com/showthr...10497664#reply

What those trader's posted is totally in opposition to what has been posted of late here in TMS and been advocated / promoted as the right way to trade.
Read the complete tread and be the judge yourself.
From Hanover:
https://www.forexfactory.com/showthr...=9463418#reply
  • #83,746
  • Dec 1, 2017 12:29pm Dec 1, 2017 12:29pm
Quoting emmanuel7788
{quote} Big E did not trade any of the GBP crosses. You should stick to those 8 pairs which Big E traded during his lifetime. https://www.forexfactory.com/showthr...74#post4570374 I'd say pick the charts you like to trade and understand their movements... breathing patterns... I always like to have the E/U, G/U and A/U side by side on top plus one more chart. Those three charts tend to move together in the same direction. So if I see a set up on one I usually find a set up on one or both on the other pairs. I've made a lot...

Thank you again.
  • #83,747
  • Dec 1, 2017 12:35pm Dec 1, 2017 12:35pm
Can you make one million dollars trading TMS?

YES, you can and you need to risk only 5% of your trading capital and you have only one shot. If you suffer an initial drawdown of 50%, it will be game over.

What do you need?

Start with 2 million dollars, keep 95% safe in a bank and earn compounded interest.
Risk $100,000 and trade TMS

Attached Image (click to enlarge)
Click to Enlarge Name: 100k to 1,000k.png Size: 19 KB


Any questions, folks?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,748
  • Dec 1, 2017 12:37pm Dec 1, 2017 12:37pm
Quoting Tekkies
https://www.forexfactory.com/showthr...10497299#reply https://www.forexfactory.com/showthr...10497664#reply What those trader's posted is totally in opposition to what has been posted of late here in TMS and been advocated / promoted as the right way to trade. Read the complete tread and be the judge yourself. From Hanover: https://www.forexfactory.com/showthr...=9463418#reply
I think there is a difference between "add to losing position" and "building position using properly position size".
  • #83,749
  • Dec 1, 2017 12:51pm Dec 1, 2017 12:51pm
Quoting Giannis95
{quote} I think there is a difference between "add to losing position" and "building position using properly position size".

HUGE DIFFERENCE ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,750
  • Dec 1, 2017 1:08pm Dec 1, 2017 1:08pm
Quoting emmanuel7788
{quote} You still have the shirt on your back so do not let this first attempt discourage you. For someone doing this for the first time, you have done very very well and ahead of many others I know. It took me almost 2 years to learn and fully understand the whole concept of scaling in and scaling out of the market, using multiple entries to build positions, etc. After 2 years f forward testing in live market with demo money, I went live and the couple of years wasn't easy going either and paid the tuition fees to the the market to teach me to...
First, thank you Emm for your kind words.

Second, is time to revise my bad trades. My biggest loser is GBPNZD, followed by EURCAD and EURJPY.

For the reasons exposed in this forum, on Monday 27, I opened short positions on GBPNZD. Firstly market went down, as I did predict, but then suddenly reversed, forming a pin bar, a big one. That was a red flag for my short position, but I ignored it. WRONG DECISION. But if the big pin bar isn't enough, the next day (Wednesday) TDI (D1) turns bullish and price closed above the PAC. So on Wednesday, I should have closed my position without hesitation. On Thursday I did add another position ( 6 positions in total), after a few hours, I recapacitated, and I recognized that I was wrong, so I closed my position.

Regarding EURCAD, I opened short positions because the pair was near a resistance level, there was a sell signal on TDI (D1) last week. Also when I opened my short position, the price was at the bearish trendline ( MN), BUT there wasn't a close below of the PAC or below of 5EMA on D1, so I opened short positions too early. That was a mistake.

Regarding EURJPY, after two weeks with my short position open, I should have closed that position on Friday 24, because there was a buy signal on TDI (D1), and price closed above the PAC. But I didn't get out, I added the 3rd and the 4th positions.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPNZDDaily 01.12.17.png Size: 65 KB
Click to Enlarge Name: EURCAD Daily 01.12.17.png Size: 66 KB
Click to Enlarge Name: EURJPY Daily 01.12.17.png Size: 101 KB
  • #83,751
  • Dec 1, 2017 1:36pm Dec 1, 2017 1:36pm
Quoting samanfx
{quote} Which of those words best describes someone who trades like following? {image} {image} I know your membership is revoked. But you the Van Tharp gang has hundreds of other usernames use to promote yourself here in this thread. You can use one of them to answer.
and you, mr. 37 posts in 2 years, which gang do you follow, which cheerleader do you obey? note: iīm not member of that gang, and i donīt need to follow anyone.

nemo sibi tantummodo errat, sed alieni erroris et causa et auctor est
fortis fortuna adiuvat
  • #83,752
  • Dec 1, 2017 1:45pm Dec 1, 2017 1:45pm
Quoting Giannis95
{quote} I think there is a difference between "add to losing position" and "building position using properly position size".
Took a random chart that emma posted
What do you see at the direction the arrow are pointing?
Would you be able to show on this chart where is:
1 - "building position using properly position size"

Showed already where "add to losing position" was done
Attached Image (click to enlarge)
Click to Enlarge Name: adding.PNG Size: 45 KB


What about "building position using properly position size" on this chart
Attached Image
  • #83,753
  • Dec 1, 2017 1:51pm Dec 1, 2017 1:51pm
Little while ago posted about Renko. About replacing HA with Renko. It seems to work quit well.
Attached Image (click to enlarge)
Click to Enlarge Name: vandag.PNG Size: 16 KB
  • #83,754
  • Dec 1, 2017 1:55pm Dec 1, 2017 1:55pm
Quoting emmanuel7788
{quote} You recall this Big E's post link above? Big E was right back then, 6 years ago and till today 6 years later he is still right that no trading robot will ever work for his TMS 5-Method. His trading style was discretionary rule-based. You cannot possibly program using software his discretionary rules in Post#647. But with many new developments and advancements in software programming and in trading platforms, a lot can be done to help us in our daily trading routine and help us deal with discipline issues and pulling the trigger caused by...
I have travelled this road too and see what you mean.
  • #83,755
  • Dec 1, 2017 1:56pm Dec 1, 2017 1:56pm
Just a question, what must I do to get Van Tharp to pay me for posting here?
Attached Image
  • #83,756
  • Dec 1, 2017 2:11pm Dec 1, 2017 2:11pm
It seems a certain someone is planning to start a signal service with a Renko EA

  • #83,757
  • Dec 1, 2017 2:27pm Dec 1, 2017 2:27pm
Quoting deltaone
{quote} and you, mr. 37 posts in 2 years, which gang do you follow, which cheerleader do you obey? note: iīm not member of that gang, and i donīt need to follow anyone. nemo sibi tantummodo errat, sed alieni erroris et causa et auctor est
I m sure she still tries to find the correct settings for google translate...

Quoting ReverseFlash
Just a question, what must I do to get Van Tharp to pay me for posting here? {image}
Rrrring ding ding ding ding
Risiko birgt immer auch die Chance.
  • #83,758
  • Dec 1, 2017 2:33pm Dec 1, 2017 2:33pm
Now why did I not think of that.
Thanks you certain someone.
  • #83,759
  • Dec 1, 2017 3:00pm Dec 1, 2017 3:00pm
letīs have some fun - ähm review:

1) on 11/30 davit said he would not trade in december and closes all trades:

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-12-01_21h12_21.png Size: 19 KB


2) on 12/01 all at once, davit declares: "great i have some ec shorts running" -> classical hindsight posting.

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-12-01_21h11_37.png Size: 207 KB


3) then davit realized his hindsight post whas not in line with his first statement, so he easily made a new hindsight post:
"i know i said i wonīt place new trades in december"

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-12-01_21h13_27.png Size: 149 KB


4) then davit remebered that he has to posts "results" for his subscribers, calling it "strong" although below self proclaimed goal. (you know what happens if any corporation posts earnings below expectations? right: it falls because capital market is semi-strong form efficiency. but on forex facebook, no one unsubscribe due to that kind of information because itīs RETAIL.

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-12-01_21h33_12.png Size: 119 KB


5) davit classifies it as "equity growth of 9%". now letīs take a look at his "equity statement in october where "equity" was at 25.847:

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-12-01_21h19_22.png Size: 142 KB


6) now letīs compare it with the informations davit gave us already:

25.847*1,09=28.173,23 AND NOT 28.436 =25847+ "net profit" 2589
math does not lie. people do
q.e.d.

would like to see the explanation of this

also, that "maximum drawdown" is incorrect because the floating loss is not part of it if iīm right. sounds fishy to me.
fortis fortuna adiuvat
  • #83,760
  • Dec 1, 2017 3:38pm Dec 1, 2017 3:38pm
Quoting deltaone
letīs have some fun - ähm review:
4) then davit remebered that he has to posts "results" for his subscribers,
october where "equity" was at 25.847
25.847*1,09=28.173,23 AND NOT 28.436 =25847+ "net profit" 2589
One chart is not in the right sequence.
Attached Image (click to enlarge)
Click to Enlarge Name: wrong.PNG Size: 75 KB

Where do you get the value 1.09 from?
189 traders viewing now