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Monitor for 'Trading Made Simple' system 565 replies

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Trading Made Simple

  • #90,421
  • Sep 4, 2018 3:44am Sep 4, 2018 3:44am
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 questions because member's in this thread will answer you based on how they understand BigE's post
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  • #90,422
  • Sep 4, 2018 4:14am Sep 4, 2018 4:14am
Quoting emmanuel7788
it is +7am Auckland and New York will handover to Sydney in about 2 hours. Big day for AUD today with RBA rate announcement. No change. Looking to go short AUDUSD and AUDJPY with MEME 0.25ADR Order Distance. Cut-Loss SL above previous week's high. {image} {image} Interesting view AUDNZD, MN trapped between 10/50 and W1 also trapped between 10/50. D1 market type is sideways ranging but to the downside, ... {image}
AUDUSD and AUDJPY open positions Sep 04

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,423
  • Sep 4, 2018 4:19am Sep 4, 2018 4:19am
EURUSD Sep 04 H4 breakout entry...

hope some of your caught that H4 breakout just 19 minutes ago.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,424
  • Sep 4, 2018 4:27am Sep 4, 2018 4:27am
Quoting emmanuel7788
{quote} With the Sep 03 Day Inside Bar , that is an opportunity for this week's trading. W1 provides me the market type and range high-low as possible support and resistance. H4 has the Master Candle range we can pick on to trade... Low Risk Trade Idea. We all have different view and bias. I look at MN and I believe it will make lower into the lower wick of last MN candle. {image}
Can you share this template and indicator?
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #90,425
  • Sep 4, 2018 4:29am Sep 4, 2018 4:29am
Quoting ejiexe
{quote} Can you share this template and indicator?
TMS Monitor

Pipware multi-charts


lookup these posts below.

Post#76,270 for the pipware tool

and

Post#193 for the TMS Monitor tool

setup your charts with those simple tools the way you want to see them and use them. save them as your own templates.

most important is you know the 5-Method and how to trade the 5-Method.

make sure you read those threads for more information how to set up the indicator (pipware) and the expert advisor(TMS Monitor).
if you have questions, post and ask in those threads and I'll try find time and help there.

Be warned: The TMS Monitor is an expert advisor and can be very CPU intensive if you select all pairs in the input parameter.
For optimum performance, I have only up to 20 pairs.
You should consider to select only the pairs you trade and input their symbol in the parameter.

Have fun and enjoy using all the TMS trading tools.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,426
  • Sep 4, 2018 5:05am Sep 4, 2018 5:05am
Quoting emmanuel7788
{quote} AUDUSD and AUDJPY open positions Sep 04 {image} {image}
Nice trading Emmanuel. Any hard stop loss?
  • #90,427
  • Sep 4, 2018 5:13am Sep 4, 2018 5:13am
Quoting RickM
{quote} Many traders here including myself manage to gain in equity between 5 - 10% per Month.
You are not making this return without significant tail risk on a larger account. FX simply isn't that liquid, although people think it is. This is risk you cannot manage or control. Remember that liquidity gaps occur without notice and trigger your stops at prices you do not want to sell at, sometimes at a signifiant loss (see CHF in 2015 or GBP shortly after, among other examples).

You can probably make 50% on a very small account with less risk, but what's the point if you cannot scale?

Again, this is a game for well-capitalized traders with 500,000 USD + to start with. This is simply the cold hard truth that hopefuls wish to ignore.
It is however a great business for getting a smaller return on a lot of capital... that much ole jacko got right.
  • #90,428
  • Sep 4, 2018 5:17am Sep 4, 2018 5:17am
Quoting emmanuel7788
EURUSD Sep 04 H4 breakout entry... hope some of your caught that H4 breakout just 19 minutes ago. {image}
I sincerely hope it goes well Emanuel but isn't that a bit close to fairly major support?
Ardua Ad Astra Per
  • #90,429
  • Sep 4, 2018 5:20am Sep 4, 2018 5:20am
Quoting fxterrapin
{quote} You are not making this return without significant tail risk on a larger account. FX simply isn't that liquid, although people think it is. This is risk you cannot manage or control. Remember that liquidity gaps occur without notice and trigger your stops at prices you do not want to sell at, sometimes at a signifiant loss (see CHF in 2015 or GBP shortly after, among other examples). You can probably make 50% on a very small account with less risk, but what's the point if you cannot scale? Again, this is a game for well-capitalized traders...
Who is ole jacko?
  • #90,430
  • Sep 4, 2018 5:28am Sep 4, 2018 5:28am
Quoting Tekkies
{quote} Who is ole jacko?

Jacko was a con man....a rip off artist who sucked people in for huge amounts of money right here at FF.....and Interpol is still looking for him!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #90,431
  • Sep 4, 2018 5:51am Sep 4, 2018 5:51am
Quoting realjumper
{quote} Jacko was a con man....a rip off artist who sucked people in for huge amounts of money right here at FF.....and Interpol is still looking for him!
The bookies/brokers/hotels/hookers would have that money now
Ardua Ad Astra Per
  • #90,432
  • Sep 4, 2018 5:58am Sep 4, 2018 5:58am
Quoting realjumper
{quote} Jacko was a con man....a rip off artist who sucked people in for huge amounts of money right here at FF.....and Interpol is still looking for him!
https://www.forexfactory.com/showthread.php?t=325669
Many post's are like that in this thread.
  • #90,433
  • Sep 4, 2018 6:07am Sep 4, 2018 6:07am
Quoting emmanuel7788
EURUSD Sep 04 H4 breakout entry... hope some of your caught that H4 breakout just 19 minutes ago. {image}
Hi, Emm!

I have to admit I am intrigued by your post. Isn't that selling into strong W1 support? Wouldn't it be safer to wait for the level to be broken, then a retest, and then a PA signal, making it PASR?
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  • #90,434
  • Sep 4, 2018 6:07am Sep 4, 2018 6:07am
Quoting mistakesr
{quote} The bookies/brokers/hotels/hookers would have that money now
It's worse than that.....we're talking about many hundreds of thousands of dollars here. I forget all the details, but people borrowed money and lost their homes to this guy. And he came across as a legit trader who showed his trading skills with decent sized live accounts etc etc. He reeled in his prey with considerable skill. I remember this as I was here during this whole sorry saga and it was so sad to see that he ruined many people, and got clean away.

More fool them for getting so far into his web of deceit etc, but it takes a real bastard to do that people....and that's one reason why I'm unwilling to put up with any bullshit from people here. I just wish FF would look at the bigger picture and force system thread starters to show a live TE, and close any dead threads.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #90,435
  • Sep 4, 2018 6:08am Sep 4, 2018 6:08am
Quoting Tekkies
{quote} https://www.forexfactory.com/showthread.php?t=325669 Many post's are like that in this thread.

Pity that Jacko's thread got removed as it would serve as a lesson here to people.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #90,436
  • Sep 4, 2018 7:02am Sep 4, 2018 7:02am
Quoting Tekkies
{quote} https://www.forexfactory.com/showthread.php?t=325669 Many post's are like that in this thread.
The main poster in this thread has admitted to mental illness. He said he would go away but his OCD will not allow it. Anyone who does not read the thread thru after this shocking admission deserves what they get. They are getting information from someone whom through his disease process may well be delusional. This is much different than a simple liar. A delusional person actually believes the myths that they propagate, which in turn comes off as sincerity.

Quoting realjumper
{quote} Pity that Jacko's thread got removed as it would serve as a lesson here to people.
I doubt it RJ. There are very few learners on this planet. Most people come in with a made up mind and looking for evidence to back up their assertion. They are not seeking reasons to be wrong, they are looking for reasons to be right. That's why scammers come here. They know this is base line human behavior.

Quoting ejiexe
{quote} Loss 12 pips on this. I am still watching closely {image}
ej, I understand why you took the short, it was FOMO. The overall trend is down.

The issue is that the last bear flag was a very deep pullback. This indicates a possible transition from bears to bulls. The bears could not hold the 50% pullback line for a healthy trend. There was no bearish momentum at all, and the TDI did show you that.
If you are good at something, never do it for free--Joker
  • #90,437
  • Sep 4, 2018 7:21am Sep 4, 2018 7:21am
Quoting jmn5611
{quote} The main poster in this thread has admitted to mental illness. He said he would go away but his OCD will not allow it. Anyone who does not read the thread thru after this shocking admission deserves what they get. They are getting information from someone whom through his disease process may well be delusional. This is much different than a simple liar. A delusional person actually believes the myths that they propagate, which in turn comes off as sincerity.
I'm as bored with the spam posts as much as anyone. But just cos you have a mental illness, doesn't mean that you don't have have skills that can in some instances outweigh that of individuals who are classed by 'society' as 'normal'. Agreed, there needs to be some accountability in terms of performance.

I went out with a girl who suffered with mental illness, she was as nutty as a fruitcake. But she was one smart off the scale mf, had to respect her for that. Her career was in nursing, but she was so obsessive about detail - no standard of care was good enough. Needless to say, this drove her crazy. After she left the profession she started her own business, looking after people in a hospice.

Having said all of that, there is nothing to stop the guy starting his own thread.
'in less than half an hour he made over 100 ticks'
  • #90,438
  • Sep 4, 2018 7:31am Sep 4, 2018 7:31am
Quoting jmn5611
{quote} I doubt it RJ. There are very few learners on this planet. Most people come in with a made up mind and looking for evidence to back up their assertion. They are not seeking reasons to be wrong, they are looking for reasons to be right. That's why scammers come here. They know this is base line human behavior.
I agree with you, up to a point. Of course there is no way to prevent human greed and stupidity, but FF provides the vehicle (this website) that allows the scammer to meet the victim(s). In my opinion, if FF doesn't do all that is in it's power to legitimize those who post with trading systems by way of a forced TE, then it is itself complicit in any deception...moreso as FF makes money off the backs of the members.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #90,439
  • Sep 4, 2018 7:43am Sep 4, 2018 7:43am
Quoting realjumper
{quote} ... as FF makes money off the backs of the members.
This you call a classical conflict of interest.

josch
trading is war - life is simple
  • #90,440
  • Sep 4, 2018 7:50am Sep 4, 2018 7:50am
Quoting fxterrapin
{quote} You are not making this return without significant tail risk on a larger account. FX simply isn't that liquid, although people think it is. This is risk you cannot manage or control. Remember that liquidity gaps occur without notice and trigger your stops at prices you do not want to sell at, sometimes at a signifiant loss (see CHF in 2015 or GBP shortly after, among other examples). You can probably make 50% on a very small account with less risk, but what's the point if you cannot scale? Again, this is a game for well-capitalized traders...
Hi FXterrapin

Your'e looking at this as a manual trader with a single strategy on a single account. Using this thought process allows your broker to greatly profit of your account unless your a great trader. I'm not a great trader but street wise.

My risk is spread out over many many markets as I'm trading with 8 EA's with 8 different strategys. Each EA is designed to compliment each others weakness. You would compile say three trending strategy's, two ranging strategy's, two reversal strategy's and one MEME strategy Emmanual talks about.

A 5% to 10% return per month on 8 separate $10,000 accounts should be EXPECTED after 5 years of developing, testing on Demo, testing on live charts with a portfolio of 8 EA's. Each EA would be designed to work as a group to either make many pips or hedge a for losing EA.
They would be run on 15-20 markets each to smoothen out results for that strategy to reduce the risk. Therefore we need just a small average win per trade to create this wage.

Tonight I was talking to a trading buddy about a Trending strategy he created today based on the SAR & Stochastic indicators on a eight month period with 8 forex pairs. This was only a simple test on around 300 trades and does not comfirm profitability on the live market yet. Live results are always less than back test results.
But this result was create with an ideal of Utube today and 5 hours work this afternoon.

If we spend the next 5 year's developing our ideas into well designed group of around 8 EA's, that's a early retirement.
We just have to spread our risk over 180 markets ( 8 x 20 markets per EA )
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Trading thin liquidity at the boundary of the charts
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