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Trading Made Simple

  • #90,381
  • Sep 3, 2018 4:05am Sep 3, 2018 4:05am
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #90,382
  • Sep 3, 2018 4:21am Sep 3, 2018 4:21am
Quoting ejiexe
{image}{image}
ejiexe
First chart - Try and enter at the beginning of the second bar not that the end or middle
On both chart's, did you check for Support level?
  • #90,383
  • Sep 3, 2018 5:05am Sep 3, 2018 5:05am
First post in this thread ...
IMO anyone who posts anything other than what the OP was about perhaps should rethink their comments ... and go start you own thread about your own method/strategy ... but I guess you won't because you don't have anything concrete to offer ...
At least Tekkies and emmanuel7788 and several others are trying to help others (newbies) ... they may have differing opinions at times but that is discretionary trading and that is what eelfranz, the OP was all about ... basic rules and discretionary trading.
@ Chenzo25 ... really?
Are you so insecure that you are so excited with a pic of a Mercedes, a few bottles of opened Scotch, and 90 pips ... wow! ... and best of all you signed a 20 year lease for your multi million dollar businesses ... seriously if you are so successful and know that you have the right location for your business why waste money on a lease ... buy the property and make more millions ... or is it like the car ... you can only afford the lease ...
I say this based on my experience being invested in several shopping centres with banks as tenants the only person who will win that (your) deal is the real estate agent and the lawyer once you default on your lease ... even Banks (the most secure of businesses, here anyway) don't sign a 20 year lease, they may agree to a 5 + 5 + 5 (that is smart) and they, in Australia anyway, operate with Government guarantees which I doubt your business have ... but hey according to YOU ... you are smarter than anyone else, in your mind anyway.
All the smarties here may want to think about working cooperatively and create an EA based on the OP's and their experiences even if it is not the holy grail it might produce consistent profits on auto for everyone.
If anyone is unhappy with my off thread post I do not apologise ... needed to be said ... and please don't ask me to prove anything ... I will never claim to have mastered FX but I and my family have mastered living comfortably having being retired since 2008.
All the best to the followers of eelfranz ...
When you are successful perhaps give a thought to others ... Kiva dot org
  • #90,384
  • Edited 5:46am Sep 3, 2018 5:35am | Edited 5:46am
Quoting PayItForward
First post in this thread ... IMO anyone who posts anything other than what the OP was about perhaps should rethink their comments ... and go start you own thread about your own method/strategy ... but I guess you won't because you don't have anything concrete to offer ... At least Tekkies and emmanuel7788 and several others are trying to help others (newbies) ... they may have differing opinions at times but that is discretionary trading and...
You talk a lot of sense. But you are biased, and how can you say that no-one who posts here has nothing concrete to offer? The thread is dominated by Tekkies and Emmanuel 7788. Even Tekkies admits it took him ages to suss TMS out, so it ain't trading made simple - there is the proof. If it was that simple, why would people keep asking the same questions over and over? Probably laziness and stupidity. Or they keep sitting around with big stops, waiting for them to get hit and think 'this is simple... yet I aint makin' any money'. Hang on, I'll ask someone else they'll know.

So Divergence (is alive) and is cleaning up with a proven method and it is simple, so whatever he posts is bang on topic in my view. Huh, but even though that is the case - he still gets run out of town.

Stop for a minute and think about that. Here is some guy who is trading an hour-ish a day, with a simple strategy. And every f*cker is here waiting for a crossover. Wouldn't it be prudent to question their mentality? What intelligent human being wouldn't?

Free money. Ah no thanks! I'd rather risk more for less, if that's ok with you. Oh and spend most of my day all over the currencies (and timeframes).

Elliot is an art - but CG's charts are far more informational than those of Emmanuel 7788. A fresh perspective should always be welcome. And chenzo, well he's just having fun. It takes all sorts.

Look at this angle, that angle - this timeframe. Read this book and so on. Has the world financial landscape changed since eelfranz invented this system? I think so.

The thread should be closed, but since it isn't nor moderated - let the show go on.
'in less than half an hour he made over 100 ticks'
  • #90,385
  • Sep 3, 2018 5:35am Sep 3, 2018 5:35am
Quoting Tekkies
{quote} ejiexe First chart - Try and enter at the beginning of the second bar not that the end or middle On both chart's, did you check for Support level?
I entered 5 seconds to the opening of the second candle and that shows i entered at the beginning and not the middle.

Beside do you understand how HA candle work? It is not like traditional japanise candle stick
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #90,386
  • Sep 3, 2018 5:36am Sep 3, 2018 5:36am
Reading the past few posts in this thread has left me feeling tired. It was funny at first but gets boring real quick. There is so little energy here, you are just attacking each other non stop. To what end?
Trader A telling trader B that he doesnt know how to trade. Insults. Name calling. virtual punch ups lasting for days and spanning countless pages.
So much ego and posturing that I question how any of you manage to handle the volatility of trading. Not saying you are not successful but the path is a lot harder when you lack self discipline.
  • #90,387
  • Sep 3, 2018 5:44am Sep 3, 2018 5:44am
Only the past few! Thats what happens when a dead mans thread is left unmoderated. There is no justice...
'in less than half an hour he made over 100 ticks'
  • #90,388
  • Sep 3, 2018 6:09am Sep 3, 2018 6:09am
Quoting PayItForward
First post in this thread ... IMO anyone who posts anything other than what the OP was about perhaps should rethink their comments ... and go start you own thread about your own method/strategy ... but I guess you won't because you don't have anything concrete to offer ... At least Tekkies and emmanuel7788 and several others are trying to help others (newbies) ... they may have differing opinions at times but that is discretionary trading and...
Not smarter than Everyone... I don't know where you got that from? Simply speaking about this system.
90 pips in 2 hrs. on a Sunday night before Labor Day while tms traders waiting for green cross red
Not that rich to buy a $24,000,000 Dollar lot
My car lease... Never buy anything that Drives or Fly's… you lease depreciating assets
20 year lease, yes. I'm in something similar to a Las Vegas strip. Multi Billionaire Landlord with a great vision and only a small % increase every year. We have become friends and he wants my business in other locations of his
Defaulting on my lease will never happen.
I've never claimed to master FX
I've never said the bulk of my money comes from FX. Only Accessories and play money.
I enjoy FX.

The OP Didn't really make that much money trading. He was a beginner. His thread only lasted from 4/25/2011-8-24-2011
That's only 6 months and no trades showing he was trading live. Sorry but seeing is believing. Talk is cheap...
You will learn the most from your losing Trades
  • #90,389
  • Sep 3, 2018 6:09am Sep 3, 2018 6:09am
Quoting ejiexe
{image}{image}

Hi ejiexe,

Welcome back to TMS. I know many of us took a detour after LE1 left his thread.

About your two trades AUDUSD and USDCAD,

Today is US bank holidays so the liquidity maybe in question.

I see your AUDUSD entry price is around 0.7212 which is the open of the bar/candle is good.

Both H4 trades are against the D1 price action so we may have some risk when we take this as a reversal trade.

AUDUSD has the H4 10EMA just above your entry. I know that you know the Power of 10EMA from LE1 thread. H4 is against the D1 and W1.

USDCAD price action show it is in range consolidation and there is not very strong momentum in your entry bar/candle. The TDI is not reliable when the price is in consolidation especially after a bullish run that ended. Look at the TDI Green line when it goes out of the VB and re-enters, it is strong indication that the price has lost its momentum and it will be sideways range trading until the next big move.
BTW, we have key data release this week both affecting CAD and USD, Be careful when near news hour.

Below are my charts showing the different timeframes - with TMS HA candles , TDI and the Japanese candlestick at the bottom.

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Attached Image (click to enlarge)
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Hope these comments are useful.

Good Trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,390
  • Sep 3, 2018 6:14am Sep 3, 2018 6:14am
Jester - no need to stare at chart's the whole day, use an alarm. Sometime it does not give a alarm for a few hours. Cable and Div can invite members anytime to go over to their thread and learn 123pattern. Those that want to go will go. Why come here week after week and badmouth this method.
--
Payitforward - many have tried to code a EA. The crossover is simple. The problem is Post#647. Steve did a good expert and stop further development because all the filters made the EA "unwilling" to place any trade's.
---
Grantx - There is no energy in this thread. It died with BigE. Every Tom, Dick and Harry comes to this thread and dump what every fancy them. The flock of sheep that follow them (believing it is their right to post in this thread) bash anyone who dares to criticizes.
  • #90,391
  • Sep 3, 2018 6:16am Sep 3, 2018 6:16am
Quoting ejiexe
{image}{image}
I think you're wrong about AUDUSD. But it's my opinion.
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Regards
-Sergey
  • #90,392
  • Sep 3, 2018 6:28am Sep 3, 2018 6:28am
Quoting onejester
{quote} You talk a lot of sense.
Your comment confirms exactly what I said .... this whole thread is about discretion ... you read what I wrote extracted a part and made a decision/interpretation based on that part - not the whole (comment out of context) whether that be due to language barrier, English interpretation or intellect ... does not matter ... my point is that basic rules were formulated ... they worked and only worked in conjunction with the discretion ... the challenge is to take those rules and add to them in such a way that it can be made robotic ... whether that means robotic for 28 pairs ... 11 pairs or individually.
Formulate rules for each pair and add it to the basics and maybe just maybe there is a consistent winning strategy.
My strategy using TMS in part made 62% last month ... that means absolutely nothing ... why ... because like eelfranz it was discretionary, only used TMS in part and even though it was mine and the decisions were mine there is no guarantee it will make 1% this month, in fact it may lose who knows.
That is why it is my belief that people can turn eelfranz's basic strategy into something that is consistently profitable and on auto.
Think about it ... would you rather a discretionary strategy that one month made 62% and next month made -20% or one that was consistent at 1, 2, 3, 4, 10, 20% compounding each and every month whether it be one pair or 11 or 28 pairs?
If you have true respect for the deceased then you can show it and help their legacy live on ...
When you are successful perhaps give a thought to others ... Kiva dot org
  • #90,393
  • Sep 3, 2018 6:28am Sep 3, 2018 6:28am
Quoting ejiexe
{quote} I entered 5 seconds to the opening of the second candle and that shows i entered at the beginning and not the middle. Beside do you understand how HA candle work? It is not like traditional japanise candle stick
Yep I do
- It hide's price action.
- Show pin bar's as full candles
- Plot bar's where the is none (doji is plotted as bar's)
- Keep you longer in the trend (more profit) and the next time that "keep longer" (take profit)

Think about this picture, Ejiexe
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  • #90,394
  • Sep 3, 2018 6:30am Sep 3, 2018 6:30am
Quoting Grantx
Reading the past few posts in this thread has left me feeling tired.
You need to stop reading here, it itīs a HUGE waste of time. Maybe read through the original author postīs, nothing more and see if the strategy will work for you. If not, the worst thing you could do is to ask a serious questions here. Then you stepped into the trap. Only showmans measure themselves by their great egos here.

I follow this topic now more actively for the last 2 month and could not find 1 helpful reponse with the potential to improve anyones trading.

Its all just bullshit. People fighting each other, trying to convince the novice with what is true or not. Then there are some other idiots flooding this place here to take advantage of the traffic for advertising their own shit, weather its another trading approach or just posting a Mercedes picture... What a loony bin.

I now understand why this is called the commedy thread. Honestly, ROFL.

My personal advice for new people here want to learn or improve trading, stop reading and asking right here! Even better, leave this forum completely because 99% of the content is pure bullshit and the 1% might help you will figure out your self by just "learning by doing".
  • #90,395
  • Sep 3, 2018 6:52am Sep 3, 2018 6:52am
Quoting lddd
{quote} You need to stop reading here, it itīs a HUGE waste of time. Maybe read through the original author postīs, nothing more and see if the strategy will work for you. If not, the worst thing you could do is to ask a serious questions here. Then you stepped into the trap. Only showmans measure themselves by their great egos here. I follow this topic now more actively for the last 2 month and could not find 1 helpful reponse with the potential to improve anyones trading. Its all just bullshit. People fighting each other, trying to convince the...
Iddd
How many times have you read:
- Download BigE full.pdf
- That is all you need
- Study it, practice it, trade it
- Use Google to find the answers to your question's because member's in this thread will answer you based on how they understand BigE's post's
I did the above, took almost 3 years and I am glad I did.
  • #90,396
  • Sep 3, 2018 6:55am Sep 3, 2018 6:55am
Quoting Chenzo25
{quote} Not smarter than Everyone... I don't know where you got that from? Simply speaking about this system. 90 pips in 2 hrs. on a Sunday night before Labor Day while tms traders waiting for green cross red Not that rich to buy a $24,000,000 Dollar lot My car lease... Never buy anything that Drives or Fly's… you lease depreciating assets 20 year lease, yes. I'm in something similar to a Las Vegas strip. Multi Billionaire Landlord with a great vision and only a small % increase every year. We have become friends and he wants my business in other...
Yes you are 100% correct ... "Talk is cheap..."
I know this is off topic and I apologise to other readers but Chenzo25 you say "you lease depreciating assets" and yet you have signed a 20 year lease on the property ... by your own words that means that the property is going to depreciate = devalue and yet as an astute millionaire business person you are prepared to pay a small % increase every year on a property that is going to lose value ... so your "Multi Billionaire friend" with great vision has a property that is reducing in value and has a tenant that is going to pay more and more each year ... well we all know now which of the two is clever.
OK ... WOW!!! ... all the best for the future ... nothing more I can say to such an "astute" business person ...
When you are successful perhaps give a thought to others ... Kiva dot org
  • #90,397
  • Sep 3, 2018 7:04am Sep 3, 2018 7:04am
Quoting PayItForward
{quote} Yes you are 100% correct ... "Talk is cheap..." I know this is off topic and I apologise to other readers but Chenzo25 you say "you lease depreciating assets" and yet you have signed a 20 year lease on the property ... by your own words that means that the property is going to depreciate = devalue and yet as an astute millionaire business person you are prepared to pay a small % increase every year on a property that is going to lose value ... so your "Multi Billionaire friend" with great vision has a property that is reducing in value and...
Clearly stated drives or fly's.. Majority of Business owners lease... little increase and business continues to Grow more and more each year. Going on year 6

YOU WON!

Best words to say when arguing with an Idiot who knows it all. Hopefully, you can go on with your boring broke life now.
You will learn the most from your losing Trades
  • #90,398
  • Sep 3, 2018 7:04am Sep 3, 2018 7:04am
Quoting The Cableguy
{quote} If you are trading the 1hr charts and experience a corrective wave, you can't simply scale the chart out to try to eliminate it!
But you can. That is why people use higher TF charts to figure out what is really going on. A three wave pull back on H1 could just be a wick on D1.

We could argue Elliot for evermore, and in my attempt to be non combative, I said everyone has their own truth when it comes to trading. To your question, the TDI will work on any wave as long as the signal is correct. Again, the PA that will produce the correct signal will be an impulse or trend bar that closes near it's extreme. The correct angle on the TDI is price breaking out of a range with conviction. A lot of new traders just take the cross without regard as to how strong the cross is. Some charts just got posted that shows that very mistake. The trader must WAIT for the CORRECT signal, not just ANY signal. Big E spent a lot of blue ink on this.
If you are good at something, never do it for free--Joker
  • #90,399
  • Sep 3, 2018 7:06am Sep 3, 2018 7:06am
wow when i posted this: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 the point i was trying to make is why tell your followers dont be afraid to trade the daily chart. that part you can comprehend right? then why tell them that and then do a backtest thats all i was getting at you guys are following a newbies method and you dont even recognize it thats why i have shared here is to wake you up but you resist so stay a sleep and dream of making money while i stay in reality and make some adios
  • #90,400
  • Sep 3, 2018 7:31am Sep 3, 2018 7:31am
'If you have true respect for the deceased then you can show it and help their legacy live on ...'

Despite my questionable intellect and command of the English language, I have respect for those who can stick their neck on the line and show measurable results on a daily basis. Those results are real and quantifiable.

Life is for the living, not the deceased. Time and progress stand still for no man.
'in less than half an hour he made over 100 ticks'
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rogantin