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Trading Made Simple

  • #86,241
  • Mar 2, 2018 3:33pm Mar 2, 2018 3:33pm
Quoting Divergence
{quote} What in the world is peak performance and mental fitness lmao?


Maybe the ability to stay at the same age for many years? Maybe the unability to open a own thread? Maybe the need to delevop "systems" after 30 years of (wannabe) trading. We will never know. We just have to celebrate the millionaire trader of FF with the mt4 backtesting.


Newbies be warned of emmanuel7788. Hes not true.
  • #86,242
  • Mar 2, 2018 3:59pm Mar 2, 2018 3:59pm
Quoting emmanuel7788
Trading this retail spot forex is very tough business. Many will find it hard to make money in just few years. Some actually made it to be profitable but they worked very hard for many many years. But the biggest challenge in this business is CONSISTENCY and very few could maintain consistently profitable every year. Some look for instant results and they look for a winning system in public forums like Forex Factory. I mentioned this many times, you wont find your winning systems here in FF. You must first learn to trade the market and then develop...
You are wrong.

Read this and think about people who are working and learning for a way out, who are not and I quote you " I am retired and have 24hours a day to trade"

You got a dream... You gotta protect it. People can't do somethin' themselves, they wanna tell you you can't do it. If you want somethin', go get it. Period.

Which sentence are you?

Those very same people you mention and dismiss as not worthy to learn and trade FX markets for real, those that seek genuine real traders and mentors should do what? Believe you and people like you? On the very same forum that you participate on but then dismiss?

Inserted Video
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #86,243
  • Mar 2, 2018 4:26pm Mar 2, 2018 4:26pm
A small trade done by Expert Advisor
Attached Image (click to enlarge)
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See the link below for more info about this EA:
https://www.forexfactory.com/showthr...4#post10597594
Cheers...
  • #86,244
  • Mar 2, 2018 5:33pm Mar 2, 2018 5:33pm
TDIZ indicator Updates:

☛ Default settings has been modified (RSX)
☛ Better formula has been updated
☛ Double Smooth EMA added if you use RSI Price Base Line (PBL)
☛ Reverted back the default TDIZ update interval (multiplier) back to 2. ***

Note: *** You can modify the update interval value even on Auto TDIZ configuration is ON

You may download the updated release >>> here

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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #86,245
  • Mar 2, 2018 7:14pm Mar 2, 2018 7:14pm
Quoting BeyondTheSea
{quote} You are wrong. Read this and think about people who are working and learning for a way out, who are not and I quote you " I am retired and have 24hours a day to trade" You got a dream... You gotta protect it. People can't do somethin' themselves, they wanna tell you you can't do it. If you want somethin', go get it. Period. Which sentence are you? Those very same people you mention and dismiss as not worthy to learn and trade FX markets for real, those that seek genuine real traders and mentors should do what? Believe you and people like...

You got me wrong. My message has been and still is that those who wants to make it in trading retail spot forex have a lot of work to do and that takes time to learn and practice. Some will make it but many will not. Some dreams do come true but only after one has done the hard work. People need to believe in themselves. Mentors and teachers can only do that much for them. Many members shared their trading methods here in FF, some do make money like the eelfranz OP of this thread. But my point is he had 6,000 hours of prior trading experience and he made it look easy. Anyone who wants to trade TMS like the OP did must work hard at it and gain confidence through live trading experience. The market is the best teacher.

I am retired and have 24 hours to trade. But I will not trade the M5 charts. I do not wish to sit in front of my computer for hours and look at M5 candles for trades. I made trading semi-automated using M5 for trade entries once I have decided at the start of the day if I want to buy or sell. For me, semi-automated trading is just a form of diversification and I still trade manually with non-MT4 brokers.

It my personal preference that I swing trade using H4 and D1 charts because the overall results are much better than taking very short term trades. I stopped trading H1 and M15 which I used to do for years. Living in different time zones does not allow me to trade the London and US sessions therefore H4 and D1 suits me best.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,246
  • Edited 8:09pm Mar 2, 2018 7:36pm | Edited 8:09pm
Quoting Ali.J
{quote} Hi Emmanuel If you allow me, I would like to help me learn to trade using this method. I'm totally free to trade and I do not have any other job , " I want to become a short-term trader (5min) chart". I have been practicing the naked trading method (Price Action ) for more than 4 months, but I have not achieved any success. Thank you and grateful

Hi Ali

M5 MOMO

I remember there is the 5-Minute MOMO scalping system. It is not TMS 5-Method but you can learn it and then adapt it to use the RSI or TDI .
It is momentum based scalping. There are also several EAs for this 5M MOMO trading system which you can look at.

https://www.investopedia.com/article...inute-momo.asp

https://www.forexfactory.com/showthread.php?t=182303

Edit:

here is one more:
https://www.forexstrategiesresources...n-momo-trader/

lots of forex strategies to pick an choose from.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,247
  • Mar 3, 2018 3:05am Mar 3, 2018 3:05am
Quoting emmanuel7788
{quote} Hi Ali M5 MOMO I remember there is the 5-Minute MOMO scalping system. It is not TMS 5-Method but you can learn it and then adapt it to use the RSI or TDI . It is momentum based scalping. There are also several EAs for this 5M MOMO trading system which you can look at. https://www.investopedia.com/article...inute-momo.asp https://www.forexfactory.com/showthread.php?t=182303 Edit: here is one more: https://www.forexstrategiesresources...n-momo-trader/ lots of...
All appreciation to you
As a beginner , Would you advise me to trade stokes instead of Forex?
Notice the differences in leverage in the stokes and Forex
There is Light at the End of the Tunnel.
  • #86,248
  • Mar 3, 2018 3:45am Mar 3, 2018 3:45am
Quoting emmanuel7788
{quote} You got me wrong. My message has been and still is that those who wants to make it in trading retail spot forex have a lot of work to do and that takes time to learn and practice. Some will make it but many will not. Some dreams do come true but only after one has done the hard work. People need to believe in themselves. Mentors and teachers can only do that much for them. Many members shared their trading methods here in FF, some do make money like the eelfranz OP of this thread. But my point is he had 6,000 hours of prior trading experience...
I'm trying to do the same strategy of swing trading H4, choosing a direction each day and using my trade manager. My problem is though deciding the direction and timing when a swing. Emm, do you have a mechanical way of doing this such as only trading in the direction of the D1 TDI or Synergy_APB or do you mostly work of your top down analysis? I see for UsdJpy you took trades both ways so it looks like it is a daily decision and not on the week start top down. Any help or pointers would be appreciated.
  • #86,249
  • Mar 4, 2018 1:10am Mar 4, 2018 1:10am
Quoting nigpig
{quote} I'm trying to do the same strategy of swing trading H4, choosing a direction each day and using my trade manager. My problem is though deciding the direction and timing when a swing. Emm, do you have a mechanical way of doing this such as only trading in the direction of the D1 TDI or Synergy_APB or do you mostly work of your top down analysis? I see for UsdJpy you took trades both ways so it looks like it is a daily decision and not on the week start top down. Any help or pointers would be appreciated.

Look at USDCAD W1 and D1 charts after last Friday Close.
There is a key resistance zone where it closed.

What is the probability for H4 swing during the week? Buy or Sell?
If we sell and the retracement is shallow, then the next reversal will be Buy. A strong reversal can break the resistance zone.
What if the price break the high of last week and very little retracement? it would be Buy continuation.

It is going to be interesting next week until the week 12 March 19 to 23. Anybody' guess but I trade what I see and be prepared for both directions and manage risks.

Remember several of Big E posts where he mentioned about entry on candle#2 and when price move forward and pullback 12 to 15 pips, he will exit with few pips.

The same I do using THV CaveManager EA as trade manager, set Capital Protection and when price move more than 20pips and then pull back 15 to 20 pips, take the exit with 5 pips profit.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,250
  • Mar 4, 2018 1:24am Mar 4, 2018 1:24am
Quoting Ali.J
{quote} All appreciation to you As a beginner , Would you advise me to trade stokes instead of Forex? Notice the differences in leverage in the stokes and Forex

It took me many years as a beginner to learn to trade the stock market. The same for trading retail forex.

Look at the OP Big E, he was a stock market trader for about 9 years when he decided to trade forex in 2008.
What did he learn in his 9 years of stock market trading?
Then he spent 6,000 hours trading forex before he developed his 5-Method from another commercial system.

The decision to trade the markets should be a lifelong financial planning question. There are other investments type with much lower risks which can also make you money for long term financial independence. Why risk your hard earned money in trading the markets now. Why not build up your personal assets like owing properties and let your assets generate passive income for a few years. Then you will have a business capital then make that decision whether to trade the stock market or retail forex.

This does not mean you cannot start learning to trade the markets. You can start with paper trading and learn now. In a few years, you would have gain the much needed experience than you can decide how much of your hard earned money you want to risk in the venture.

It takes money, to make money. that's the saying.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,251
  • Mar 4, 2018 7:34am Mar 4, 2018 7:34am
Quoting emmanuel7788
{quote} It took me many years as a beginner to learn to trade the stock market. The same for trading retail forex. Look at the OP Big E, he was a stock market trader for about 9 years when he decided to trade forex in 2008. What did he learn in his 9 years of stock market trading? Then he spent 6,000 hours trading forex before he developed his 5-Method from another commercial system. The decision to trade the markets should be a lifelong financial planning question. There are other investments type with much lower risks which can also make you money...
It has become more complicated for me
The result I can deduce from your words,
This is a loss of time, effort and money. It is impossible to reach my goal (trading for live) within one year or less.
But is there really no shortcut? Is it impossible to use the basics only to make a profit?
Thank you for answering my question
With my gratitude
There is Light at the End of the Tunnel.
  • #86,252
  • Mar 4, 2018 8:05am Mar 4, 2018 8:05am
It doesn't need to take 6000 hrs to learn if you learn how the market moves here's a hint waves indicators don't always show this buy your eyes are the best indicator you have
  • #86,253
  • Mar 4, 2018 10:20am Mar 4, 2018 10:20am
Quoting emmanuel7788
{quote} It is going to be interesting next week until the week 12 March 19 to 23. Anybody' guess but I trade what I see and be prepared for both directions and manage risks. .
My guess is the Federal Funds Rate announcement on 21 March 2018 at 18:00 GMT. Please correct me if I'm wrong, but there is likely to be an interest rate rise from what I have read and one of several over the next year. This link is interesting and it is a source that Emm gave a few months ago.

http://www.bkassetmanagement.com/cur...d-stocks_11896

Daily news about fx that I'm only starting to understand. I have a long way to go as I am slow to pick up how this all works and deciding my best route to success. As a programmer I just think in 1s and 0s and feel quite handicapped when it comes to the big picture. With news included and how economics work, I just don't have the knowledge. Something for me to study next me thinks!
  • #86,254
  • Mar 4, 2018 6:10pm Mar 4, 2018 6:10pm
Quoting Ali.J
{quote} It has become more complicated for me The result I can deduce from your words, This is a loss of time, effort and money. It is impossible to reach my goal (trading for live) within one year or less. But is there really no shortcut? Is it impossible to use the basics only to make a profit? Thank you for answering my question With my gratitude
In the 1900's I was hungry for success and wanted an early retirement. I was trading the stock market for a few years started in mid 1980 while I had a successful corporate career which paid well.
At one point in time 2007, I asked my stock trading mentor this same question: But is there really no shortcut?
This same mentor was one who ran his trading school and had proven track record in making millions in the those years between 1995 to 2005.He had thousand of students over several years conducting trading courses.
Guess what his reply was and what he recommended me in 2007.

Stay tuned for my life journey as a trader. I have found my shortcut after spending more than 10,000 hours.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,255
  • Mar 4, 2018 6:18pm Mar 4, 2018 6:18pm
Quoting nigpig
{quote} My guess is the Federal Funds Rate announcement on 21 March 2018 at 18:00 GMT. Please correct me if I'm wrong, but there is likely to be an interest rate rise from what I have read and one of several over the next year. This link is interesting and it is a source that Emm gave a few months ago. http://www.bkassetmanagement.com/cur...d-stocks_11896 Daily news about fx that I'm only starting to understand. I have a long way to go as I am slow to pick up how this all works and deciding...

Do Not rely on just one source of information you find on the internet. There are many others. Not every of these online resources are 100%.
I traded with GFT many years ago between 2007 till 2010 and both Kathy Lien and Boris Schloessberg were then GFT market analysts.
Also at GFT then was a harmonics trader and analyst Brad Garies who taught trading using market harmonics - Gartley, Butterfly, ABCD, XABCD patterns type of stuff.
It is all good education in learning how to trade. Good to know but I don;t use these patterns to trade although I can still see them on my trading charts.
Every technical trading methodology has its pros and cons , and there are limitations in every technical trading methodology.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,256
  • Mar 5, 2018 2:55am Mar 5, 2018 2:55am
Quoting emmanuel7788
{quote} In the 1900's I was hungry for success and wanted an early retirement. I was trading the stock market for a few years started in mid 1980 while I had a successful corporate career which paid well. At one point in time 2007, I asked my stock trading mentor this same question: But is there really no shortcut? This same mentor was one who ran his trading school and had proven track record in making millions in the those years between 1995 to 2005.He had thousand of students over several years conducting trading courses. Guess what his reply...
"Stay tuned for my life journey as a trader. I have found my shortcut after spending more than 10,000 hours"
This means that it is impossible to shorten the road by using someone else's experience.
In other words, there is no shortcut.
But guess what
This teacher does not differentiate me from anything. And the motives I have to continue this challenge, I am sure stronger than his motives. I will continue with what I have, I will try again and again and again to develop it and make it perfect .
I hope that you will not stop offering advice to us,
My gratitude to you sir
There is Light at the End of the Tunnel.
  • #86,257
  • Mar 5, 2018 3:52am Mar 5, 2018 3:52am
Dear TMS Fellowship,

I'm studying and testing TMS on 4h charts in Forextester.
May I have question?
It is not a problem to put TMS working in next market conditions:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 11 KB


But how to survive ranging periods?
Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 10 KB


It is GU, examples are from last year August and September.

With thanks,
SP
  • #86,258
  • Mar 5, 2018 4:13am Mar 5, 2018 4:13am
Example of a price action trade setup using Bullish Engulfing Outside Bar.

GBPUSD Mar 05 H4 London session.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 10 Mar 05 H4 trade BUOB.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,259
  • Mar 5, 2018 5:10pm Mar 5, 2018 5:10pm
Quoting SuperPip
Dear TMS Fellowship, I'm studying and testing TMS on 4h charts in Forextester. May I have question? It is not a problem to put TMS working in next market conditions: {image} But how to survive ranging periods? {image} {image} It is GU, examples are from last year August and September. With thanks, SP

The answer is in Big E post#647.

It is you as the trader how you interpret what he wrote in that post.

Search his post where he used the keyword "consolidation" and study those charts he posted. How did he identify CONSOLIDATION? and he mention many times do not trade when the price is near or in a CONSOLIDATION.

Consolidation zones are narrow range market type and this market type of market condition is not suitable for TMS 5-Method.

How to identify CONSOLIDATION?
Big E looked at the HA candles. He compared those HA candles size, when he sees small HA candles he would avoid trading the PA and the TDI cross setup conditions.

On my trading charts H4 and D1, I prefer to use the Price Action Channel and when I see the price - both the real price bars and HA candles closed within the PAC High-Low, I avoid trading .

See below chart example GBPUSD H4:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 10 Mar 05 H4 trade BUOB.png Size: 32 KB


The question is can you trade the Weekly and Monthly narrow ranged market type?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,260
  • Mar 5, 2018 5:38pm Mar 5, 2018 5:38pm
Quoting Ali.J
{quote} "Stay tuned for my life journey as a trader. I have found my shortcut after spending more than 10,000 hours" This means that it is impossible to shorten the road by using someone else's experience. In other words, there is no shortcut. But guess what This teacher does not differentiate me from anything. And the motives I have to continue this challenge, I am sure stronger than his motives. I will continue with what I have, I will try again and again and again to develop it and make it perfect . I hope that you will not stop offering advice...

Dear Ali

Do not let my post discourage you for starting and learn how to trade. There is no short cut in learning to trade.
In all the 10,000+ hours I spend on learning to trade, I reach my conclusion that I learn a lot of things about trading and about the markets, and more about myself as the investor / trader. There are many of the things I learned in those 10,000+ hours are things which I should not be doing. My own experience taught me what works for me and what do not work for me. Its an individual thing. No two persons are alike when it comes to investing and trading.

I have taken a few short cuts but with high risks. In the last 10 years, I have known two traders from the same trading school we attended and they two were the only ones whom I know that have taken their short cuts and become profitable in their first 2 years. They both have professional background. One is a commercial pilot and the other a medical doctor with his own practice. Both in the age group 50 to 60 and have planned for their retirement. Talking to them, I deduce that their professional background have a lot to do with the way they think when they trade. Also they both are financially well off and have the right size capital to trade. They both have the discipline to follow the same systems which we paid from that trading school.
So what make the difference between these two and all the many others who attended the same school and trading the same systems?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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