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Trading Made Simple the right way, and other trading lessons

  • #101
  • Feb 1, 2018 9:31am Feb 1, 2018 9:31am
H4 example
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If you are good at something, never do it for free--Joker
  • #102
  • Feb 17, 2018 12:59pm Feb 17, 2018 12:59pm
It would be nice to keep this thread alive and continue Big E legacy and hopefully it won't became a mess like original thread. Thumb up and subscribing.
Whether you think you can, or you think you can't,you're right. H.F.
  • #103
  • Feb 19, 2018 2:56am Feb 19, 2018 2:56am
just opened this trade today. hope it works out i usually look to grab 45 pips a trade
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  • #104
  • Feb 19, 2018 4:15am Feb 19, 2018 4:15am
Now anyone keen to share some money mangement tips or strategies?
  • #105
  • Feb 19, 2018 7:43am Feb 19, 2018 7:43am
Quoting BrapRotary
just opened this trade today. hope it works out i usually look to grab 45 pips a trade {image}

I'm nor sure about that trade.Look on your left,check PA,check higher TF (you going against) and today is US bank holiday,so you can expect low volume.
If I were you,I'd switch to lower TP and play 1H or even 30 min TF.
Whether you think you can, or you think you can't,you're right. H.F.
  • #106
  • Feb 19, 2018 7:46am Feb 19, 2018 7:46am
Quoting Simply-Me
It would be nice to keep this thread alive and continue Big E legacy and hopefully it won't became a mess like original thread. Thumb up and subscribing.
Don't worry about that. If the charts posted do not belong to Big E and his philosophy I will ban them instantly. No warnings. Davit taught me how to run a proper thread.

Quoting BrapRotary
just opened this trade today. hope it works out i usually look to grab 45 pips a trade {image}
Don't look for a fixed number of pips. Instead look to take what the market gives you.

Quoting BrapRotary
Now anyone keen to share some money mangement tips or strategies?
Sure. Take the maximum number of money that you are willing to lose, and divide it by the number of entries you are willing to take.
If you are good at something, never do it for free--Joker
  • #107
  • Feb 19, 2018 8:01am Feb 19, 2018 8:01am
Quoting Simply-Me
{quote} I'm nor sure about that trade.Look on your left,check PA,check higher TF (you going against) and today is US bank holiday,so you can expect low volume. If I were you,I'd switch to lower TP and play 1H or even 30 min TF.
This is actually an instructive post.

Now to others here. Iron sharpens Iron. Do not take critiques personally.

To the post, low volume means high volatility. If your stops are tight, they could be blown. Stay in a liquid environment where you have better control over exits. Entries will take care of themselves with this method.
If you are good at something, never do it for free--Joker
  • #108
  • Feb 20, 2018 3:59am Feb 20, 2018 3:59am
Quoting Simply-Me
{quote} I'm nor sure about that trade.Look on your left,check PA,check higher TF (you going against) and today is US bank holiday,so you can expect low volume. If I were you,I'd switch to lower TP and play 1H or even 30 min TF.

  1. Simply-Me
  2. thanks for your input mate, I wasnt aware of the bank holiday so that explains the slow movement of that market.
  3. Gonna be a massive noob here and admit that i dont really refer to the PA due to lack of my understanding of it lol, if someone would be an absolute legend and throw us a link or give a simple explination of what it is and how to use it, otherwise its BURN and LEARN lol!
  4. Looking forward to learning more for everyone, so post em up!

  • #109
  • Feb 20, 2018 4:06am Feb 20, 2018 4:06am
Quoting jmn5611
{quote} Don't worry about that. If the charts posted do not belong to Big E and his philosophy I will ban them instantly. No warnings. Davit taught me how to run a proper thread. {quote} Don't look for a fixed number of pips. Instead look to take what the market gives you. {quote} Sure. Take the maximum number of money that you are willing to lose, and divide it by the number of entries you are willing to take.
JMN the reason I go for the fixed pips is because I cant monitor my trades and pull out when required due to it being during sleeping time. (Sydney Australia)
So at times i do cut myself short but im usually pretty happy with just getting the direction correct lol.

Also another thing is that i use very large stops to give the trades a bit of breathing room, and they do often get hit thus giving me a sh!t R:R, thats why i asked for solid plan for money management.

I love that analogy iron sharpens iron, you gotta have skin in the game and sometimes the best lessons are the ones that sting the most.
  • #110
  • Feb 20, 2018 4:12am Feb 20, 2018 4:12am
Another trade I've just placed before bed, all the best everyone.
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  • #111
  • Feb 20, 2018 7:16am Feb 20, 2018 7:16am
Quoting BrapRotary
{quote} JMN the reason I go for the fixed pips is because I cant monitor my trades and pull out when required due to it being during sleeping time. (Sydney Australia) So at times i do cut myself short but im usually pretty happy with just getting the direction correct lol. Also another thing is that i use very large stops to give the trades a bit of breathing room, and they do often get hit thus giving me a sh!t R:R, thats why i asked for solid plan for money management. I love that analogy iron sharpens iron, you gotta have skin in the game and...
A tip about stops is to use the PA to tell you when you are wrong. For example, in the E/U, using a 200 pip stop makes no sense, you will know that you are wrong well before that. But, if it works for you then that is a good thing.
If you are good at something, never do it for free--Joker
  • #112
  • Feb 23, 2018 12:54pm Feb 23, 2018 12:54pm
Hi guys,

Nice of you to revive this method and bring it to the forefront on FX factory.

However, although I have had some success with this method I was close to blowing up my account this week.
The question I have is that Big E advocating not taking trades where the candles are small, however in some of his examples he has entered where the candles i would say have been 'small'. So I copied that this week and just got burnt out.

How do you know if a candle will be small or not on while green has just crossed red and the candle is still forming?

Kind regards,
Ron
  • #113
  • Feb 27, 2018 1:39am Feb 27, 2018 1:39am
Quoting Roni26
Hi guys, Nice of you to revive this method and bring it to the forefront on FX factory. However, although I have had some success with this method I was close to blowing up my account this week. The question I have is that Big E advocating not taking trades where the candles are small, however in some of his examples he has entered where the candles i would say have been 'small'. So I copied that this week and just got burnt out. How do you know if a candle will be small or not on while green has just crossed red and the candle is still forming?...
Hi mate, yes im curious to know others experience also.
Ive had situations where the trades have gone the other way even big candles!

JMN5611 noob question.
PA thats price action correct? are you just looking at the form of the previous bars to give you an idea?
  • #114
  • Feb 27, 2018 2:13am Feb 27, 2018 2:13am
Quoting BrapRotary
{quote} Hi mate, yes im curious to know others experience also. Ive had situations where the trades have gone the other way even big candles! JMN5611 noob question. PA thats price action correct? are you just looking at the form of the previous bars to give you an idea?
Noobs allowed in this thread as this method was meant for noobies. PA is price action. Go back and look at the BigE pdf and we will work through it via question and answer.
If you are good at something, never do it for free--Joker
  • #115
  • Feb 27, 2018 2:14am Feb 27, 2018 2:14am
Quoting Roni26
Hi guys, Nice of you to revive this method and bring it to the forefront on FX factory. However, although I have had some success with this method I was close to blowing up my account this week. The question I have is that Big E advocating not taking trades where the candles are small, however in some of his examples he has entered where the candles i would say have been 'small'. So I copied that this week and just got burnt out. How do you know if a candle will be small or not on while green has just crossed red and the candle is still forming?...
If you nearly blew up your account there could be a couple of reasons for that. Post a chart and we will analyze your trades and see if we can get you on track.
If you are good at something, never do it for free--Joker
  • #116
  • Feb 27, 2018 2:15am Feb 27, 2018 2:15am
Quoting jmn5611
{quote} Noobs allowed in this thread as this method was meant for noobies. PA is price action. Go back and look at the BigE pdf and we will work through it via question and answer.
Thanks! Its hard when you're self teaching and always looking to validate your understanding.
Anyone in any trades ATM?
  • #117
  • Apr 20, 2018 11:57am Apr 20, 2018 11:57am
Hi, been following along for some time now. Glad this thread is continuing, thanks to jmn5611 and all the others! Will post some charts and see what happens. Definitely a noob, been studying and trying many various things now for about a year. Still in demo mode and hopefully will be funded by Apiary Fund shortly. Realization has finally dawned on me, that I'm not getting anywhere where in the shorter TF's. Although I'm intrigued with LawGirls thread on Moving Averages! One thing for sure, I'm not going to give up until I get it right. Is there really such a thing?
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  • #118
  • Apr 28, 2018 6:17am Apr 28, 2018 6:17am
how are people going with this method in 2018 ? i came across the original thread but it seems it has been hijacked and people arent really trading big e's original strategy. i was wondering before going back through all the early pages of the forum is worth it? can this strategy be traded consistently profitably ? cheers to anyone who can help
  • #119
  • May 17, 2018 3:31am May 17, 2018 3:31am
Quoting fxlrich
how are people going with this method in 2018 ? i came across the original thread but it seems it has been hijacked and people arent really trading big e's original strategy. i was wondering before going back through all the early pages of the forum is worth it? can this strategy be traded consistently profitably ? cheers to anyone who can help
Hi ,

To me , this method of TMS changed my overall trading to the best possible outcome .
Its a system in which i can relly on . Study it and become profittable consistently like i started to be , and many others i presume.

Best regards,
  • #120
  • May 22, 2018 2:13pm May 22, 2018 2:13pm
Hi,

I (think) i have read the method carefully but there is something i don't understand, if i buy all "green line cross red line" and i sell all "red line cross green line" there is a lot of "wrong" signal. Do you filter this by experience ? or there is something i missed?

Thanks
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