Trading Made Simple | Page 4518 | 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

  • #90,341
  • Aug 31, 2018 9:16pm Aug 31, 2018 9:16pm
Quoting jmn5611
{quote} For a professional the weekend is the time to prepare for the next campaign. Fast cars and faster women leads traders to the fastest problems. However, I think you might be shaping up to be a vendor of some type. Your posts look like a get rich quick infomercial.
No man. I don’t care too teach or any of that. Promise u. If u ever see me in any commercial thread or any junk like that then I might as well just give up on life. I’m just living life and enjoying this moment. That’s all. Like I said. I. Done with thread. Manny is obviously not right and I no longer want to bother him. I respect him for telling us.

Move been drinking and can’t really see too well so u guys do well and make money.

Chenzo out
You will learn the most from your losing Trades
  • #90,342
  • Sep 1, 2018 6:02am Sep 1, 2018 6:02am
Quoting hilmy83
At least this chick is next to me...nice view #Pervertmodeon {image}
Sky rockets in flight... and so on

I'm sure she'd be very flattered
'in less than half an hour he made over 100 ticks'
  • #90,343
  • Sep 1, 2018 8:37am Sep 1, 2018 8:37am
Dream on

https://vimeo.com/148371081
  • #90,344
  • Sep 1, 2018 3:16pm Sep 1, 2018 3:16pm
Quoting hilmy83
At least this chick is next to me...nice view #Pervertmodeon {image}
What are you doing dude :-(

https://www-m.cnn.com/2018/08/31/us/...ges/index.html
Staying in my lane...
  • #90,345
  • Sep 1, 2018 3:39pm Sep 1, 2018 3:39pm
Quoting VEEFX
{quote} What are you doing dude :-( https://www-m.cnn.com/2018/08/31/us/...ges/index.html
Wonder what the world will look like in 20 years....
'in less than half an hour he made over 100 ticks'
  • #90,346
  • Sep 1, 2018 7:18pm Sep 1, 2018 7:18pm
Week 36 Sep 03 to 07

I think of next week first,

every day is a news day.
Attached Image (click to enlarge)
Click to Enlarge Name: Week 36 calendar _1.png Size: 169 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,347
  • Sep 2, 2018 12:54am Sep 2, 2018 12:54am
the zone, only best have state mind.
Inserted Video
  • #90,348
  • Sep 2, 2018 1:21am Sep 2, 2018 1:21am
Quoting mousteven
{quote} Emmanuel, would you share what what were the things you unlearned, and recommend us not going to that path, thanks.

Hi Steven,

My apology for not replying your post earlier. Reason is I that I thought it would be too simplistic to talk about those things which I had to unlearn myself after that workshop and coaching by that market wizard.

What I suggest is you first need to identify what your own trading issues are and find help and resources that will guide you along in your journey.

I have a few favourite book authors on psychology. One of my early favourite is Ari Kiev.

One of his many popular quotes:

Attached Image (click to enlarge)
Click to Enlarge Name: Ari Kiev on create the zone.png Size: 265 KB


It is weekend and I hope you find some time (one hour 16 minutes) and listen to this workshop recording. There are some good takeaways which I am sure will help you work on your trading issues.

I know most if not all of the TMS traders have this one common challenge and it is not about the method, not about the TDi, not about Post#647, etc.


Inserted Video


Enjoy the lessons and put them into practice.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,349
  • Edited 5:23am Sep 2, 2018 4:18am | Edited 5:23am
Listened to the video. Been doing what Ari Kiev has been talking about for a couple of months now. So posted this:
Post 88,221
Dream / Goal / Destiny / Aim / Achievement / Accomplishment is all tied up in that post.
The backlash was very negatively unpleasant:
Post 88,224.

Most of the problems those traders have or are experiencing is caused by three word's: lack of discipline.
Discipline comes in many forms and express in many ways:
You have a method and you don't follow the rules - you lack obedice
You allow emotion to control your trading decision - you lack self discipline
You allow outside events (member's advice, talking heads) influence your trading decision - you lack focus
Make your own list.

To become a Discipline Trader is not easy and will always be difficult to achieve is negative thinking.
----
"I am a Discipline Trader and nothing will stop me to reach my goal" will get you there.
  • #90,350
  • Sep 2, 2018 6:51am Sep 2, 2018 6:51am
Trading Psychology - Five Guiding Principles and SMART Goals

Take some time and work on this aspect of you as the trader. The technical part using TMS as the trading method is the smallest part of the three M's - Method, Money Management, and Mind. After more than 7 years trading live with TMS 5-Method, I think it is less that 5%. Money Management strategy is a key part when we want to generate positive cash flow to supplement our day jobs income. We need to achieve a consistent positive cash flow like in most businesses. It must be a consistent regular monthly cash flow which is far more important to be keep business sustainable. In this forex trading business, avoid holding on to losing positions for too many days and weeks which has damaging impact your cashflow which can have negative impact on your trading psychology. Look at your trading results performance in short cycles. I look at every 20-trading days as one cycle and set a SMART target like 5% to 10% per 20-trading days cycle. One of your goal what I consider as KPI (Key Performance Indicator) is to achieve say 10% in less than 20-trading days. If you can reach a KPI of 10% in 12 trading days, this is a major milestone and you will start the next cycle. A losing cycle is when you have not achieve that 10% and had to cut loss which is limited to maximum 10%. The ultimate goal is to be able to achieve more winning cycles (less than 20 trading days) in one calendar year and not more than 40% losing cycles.

One of my goals for 2018 is to have not more than 3 losing months and no consecutive losing months.

If you still have not reach the goals you set for yourself and could not maintain the consistency in your trading results, it is not the trading Method in question. You need to work on the other two Ms. The biggest third M is your Mind ... what I call mental fitness being a trader.

Read this article.
Five Guiding Principles of Trading Psychology

Set SMART Goals to hep you WIN.

Attached File(s)
File Type: pdf SMART Goals.pdf   80 KB | 860 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,351
  • Sep 2, 2018 11:12am Sep 2, 2018 11:12am
Quoting emmanuel7788
Trading Psychology -----




One of my goals for 2018 is to have not more than 3 losing months and no consecutive losing months. If you still have not reach the goals you set for yourself and could not maintain the consistency in your trading results, it is not the trading Method in question. You need to work on the other two Ms. The biggest third M is your Mind ... what I call mental fitness being a trader. Read this article. Five Guiding Principles...

Maybe you should quit forex and move back to stocks since you claimed you made a million on this market obviously you trying to get some edge for years now without sucess in this forexgame.

For this reason you should quit giving newbies advice in a highjacked thread. Right?

Furthermore its not too SMART giving advice on tradingpsychology suffering schizophrenia.


Its like a driving instructor without a driving license.


Anyway, enjoy your demotrading, the flashy colors on your fancy charts sure will give you some relaxing moments off the disease.

Newbies be warned of emmanuel7788. Hes not true.
  • #90,352
  • Sep 2, 2018 2:54pm Sep 2, 2018 2:54pm
Quoting Malony
{quote} Maybe you should quit forex and move back to stocks since you claimed you made a million on this market obviously you trying to get some edge for years now without sucess in this forexgame. For this reason you should quit giving newbies advice in a highjacked thread. Right? Furthermore its not too SMART giving advice on tradingpsychology suffering schizophrenia. Its like a driving instructor without a driving license. Anyway, enjoy your demotrading, the flashy colors on your fancy charts sure will give you some relaxing moments...
Furthermore its not too SMART giving advice on tradingpsychology suffering schizophrenia

Malony, bashing a person because of his disease telling a lot about you as a person.

Regards

Paal
  • #90,353
  • Sep 2, 2018 4:22pm Sep 2, 2018 4:22pm
Quoting Malony
{quote} Furthermore its not too SMART giving advice on tradingpsychology suffering schizophrenia. Its like a driving instructor without a driving license. Anyway, enjoy your demotrading, the flashy colors on your fancy charts sure will give you some relaxing moments off the disease.
Very poor form, Malony...
  • #90,354
  • Sep 2, 2018 4:26pm Sep 2, 2018 4:26pm
Quoting Malony
{quote} Maybe you should quit forex and move back to stocks since you claimed you made a million on this market obviously you trying to get some edge for years now without sucess in this forexgame. For this reason you should quit giving newbies advice in a highjacked thread. Right? Furthermore its not too SMART giving advice on tradingpsychology suffering schizophrenia. Its like a driving instructor without a driving license. Anyway, enjoy your demotrading, the flashy colors on your fancy charts sure will give you some relaxing moments...

@Malony,

Big E's posts for you here,

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 7832 multiple personality disorder.png Size: 281 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Big E Post1 for Malony Week 36 Sep 03.png Size: 120 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,355
  • Sep 2, 2018 4:33pm Sep 2, 2018 4:33pm
Quoting Malony
{quote} Maybe you should quit forex and move back to stocks since you claimed you made a million on this market obviously you trying to get some edge for years now without sucess in this forexgame. For this reason you should quit giving newbies advice in a highjacked thread. Right? Furthermore its not too SMART giving advice on tradingpsychology suffering schizophrenia. Its like a driving instructor without a driving license. Anyway, enjoy your demotrading, the flashy colors on your fancy charts sure will give you some relaxing moments...

@Malony,

Since you are not happy, this post last week is for you.

You have answers in that post. See if you can find it. If you don't after 20 seconds, you are not ready for trading.

Attached Image (click to enlarge)
Click to Enlarge Name: hilmy83 post 90331 for Malony.png Size: 392 KB

https://www.forexfactory.com/showthr...3#post11431583

HAPPINESS is an EDGE.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,356
  • Sep 2, 2018 7:09pm Sep 2, 2018 7:09pm
Trading the Daily chart Week 36 EURDUSD Sep 03 to 07

Big E did say, do not be afraid to trade the Daily

Quoting eelfranz
Hey Gang, You know I prefer to trade the the 1 & 4hr timeframes.... Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try....
What about the change in rules for trading the Daily?

Quoting eelfranz
I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again. I'll report the results in a week or so... I'll only enter if the candles are medium length or larger... wish me luck ...
EURUSD Multi Timeframe view using Pipware Multi-charts below,

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 36 Sep 03 D1 BPP.png Size: 70 KB


H4 has a big candle which is also a Wide Range Bar WRB and following an Inside Bar, a small candle. That is one way to see CONSOLIDATION in that timeframe. It's an opportunity. We do not predict what will happen, but we evaluate after each H4 candle closed and a new H4 candle opens.

Have you watched that video recording of Ari Kiev workshop?
Post# 90,348
https://www.forexfactory.com/showthr...8#post11433228

I hope you find some time an watch that video. This week, I'll try find some examples to explain some issues which TMS traders face when they trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,357
  • Sep 2, 2018 7:18pm Sep 2, 2018 7:18pm
If this statement doesn't tell you he was not an experienced TRADER non will. First he says don't be afraid to trade daily charts then he says this I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again. that is what a newbie would say
  • #90,358
  • Sep 2, 2018 8:42pm Sep 2, 2018 8:42pm
Quoting Divergence
If this statement doesn't tell you he was not an experienced TRADER non will. First he says don't be afraid to trade daily charts then he says this I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again. that is what a newbie would say
Not sure about that one Div.

Part of the TDI rule set is that the TDI has to have a "nice" angle to be a signal. To put the TDI at the right angle requires a decent sized spike bar that closes near it's extreme to get that done. If he entered on a good angle he could in theory stay in until the trading range portion of the market cycle takes him out. That could make for some pretty good pips.
If you are good at something, never do it for free--Joker
  • #90,359
  • Sep 2, 2018 9:20pm Sep 2, 2018 9:20pm
Quoting jmn5611
{quote} Not sure about that one Div. Part of the TDI rule set is that the TDI has to have a "nice" angle to be a signal. To put the TDI at the right angle requires a decent sized spike bar that closes near it's extreme to get that done. If he entered on a good angle he could in theory stay in until the trading range portion of the market cycle takes him out. That could make for some pretty good pips.
There would be very few great entry’s which would be the problem. It would also hurt to see perhaps a 200 pip profit end up at being only 80 pips on many occasions.
I believe that most new traders in the first 1 minute of trading TMS would think that was the way to go before being destroyed by the market.
Trading thin liquidity at the boundary of the charts
  • #90,360
  • Sep 2, 2018 9:40pm Sep 2, 2018 9:40pm
Quoting RickM
{quote} There would be very few great entry’s which would be the problem. It would also hurt to see perhaps a 200 pip profit end up at being only 80 pips on many occasions. I believe that most new traders in the first 1 minute of trading TMS would think that was the way to go before being destroyed by the market.

I believe he said: ".... a test on the Daily charts" A TEST is not part of the hard and fast rules of the game as far as I understand it. He said he was going to "to do a test on the Daily charts" ... nothing more, nothing less
Doing what you like is Freedom. Liking what you do is Happiness.
165 traders viewing now, 1 is registered:
qweasd0555tw