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Trading Made Simple

  • #91,021
  • Sep 22, 2018 6:55am Sep 22, 2018 6:55am
Quoting emmanuel7788
{quote} There are 630 posts where "English" were mentioned ... {image}
I was talking about the phrase as underlined. If you put in "English is not your first language", with the brackets there are over 140 results. Many of them are yours.

In fact, they are the only consistent results I can see in this thread lol.
'in less than half an hour he made over 100 ticks'
  • #91,022
  • Sep 22, 2018 6:57am Sep 22, 2018 6:57am
A simple video explaining Position Sizing for those who still do not know what this means and how important it is in holy grail systems.

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,023
  • Sep 22, 2018 7:03am Sep 22, 2018 7:03am
Quoting onejester
{quote} I was talking about the phrase as underlined. If you put in "English is not your first language", with the brackets there are over 140 results. Many of them are yours. In fact, they are the only consistent results I can see in this thread lol.

why don't you read all the 630 posts and it is the same meaning that those members do not have English as their first language and some even apologised for that when they posted.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,024
  • Sep 22, 2018 7:18am Sep 22, 2018 7:18am
Looking at charts is always challenging because we sometimes we see trades setups that don't exist. We are looking at the forest between the trees hoping to predict the next candle move.

What do you see it this pic.

I see a large Wide ranging Tree on the left followed by a Inside Tree next. My trade decision is to not date the lady.
Attached Image (click to enlarge)
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Trading thin liquidity at the boundary of the charts
  • #91,025
  • Sep 22, 2018 7:28am Sep 22, 2018 7:28am
Quoting emmanuel7788
{quote} why don't you read all the 630 posts and it is the same meaning that those members do not have English as their first language and some even apologised for that when they posted.
Thank you for clarifying what it means. I'm just saying that you use the phrase an awful lot, mainly to insult Tekkies even when there is nothing wrong with his English. There isn't really anything wrong with Chenzo's English either.

Strange that.

Now excuse me while I go and read those 630 posts.
'in less than half an hour he made over 100 ticks'
  • #91,026
  • Sep 22, 2018 7:35am Sep 22, 2018 7:35am
Quoting RickM
Looking at charts is always challenging because we sometimes we see trades setups that don't exist. We are looking at the forest between the trees hoping to predict the next candle move. What do you see it this pic. I see a large Wide ranging Tree on the left followed by a Inside Tree next. My trade decision is to not date the lady. {image}
Sweet pic! Reminds of an article. A lot of traders do this with the market as well.

https://psychcentral.com/news/2010/0...ize/11766.html

Quoting RickM
{quote} Hi Tekkies Yes, I believe bar 3 or 4 is the correct entry bar because we have confirmation that the move is not false. A few pips lost is better than a stop loss being closed. I place a box around a consolidation area because it helps me monitor for a change of market type. Interesting on the H4 Chart, 98% of times it rests over a monthly line. Why ? {image}
I use monthly S/R to set my stops as well.

Quoting robots4me
{quote} jmn5611 -- Thank you very much -- this helps a lot. How refreshing to receive a straight forward response to a simple question. What a concept...
No worries. It looks like the level of discussion is getting better. Last few posts are really good stuff.
If you are good at something, never do it for free--Joker
  • #91,027
  • Sep 22, 2018 7:51am Sep 22, 2018 7:51am
Tekkies, RickM, emmanuel7788, jmn5611 -- gentlemen, thanks so much for your explanations and insights. This is really great and helps me better frame the way I approach the TMS system. Like Big E, I live in the PST and his schedule of checking H4 bars at 10p, 2a and 6a is working well for me and requires minimal care and feeding.

Since you were so kind to offer insights on volatility, "pools of liquidity", consolidation, etc -- if you don't mind my asking, how do
these tie in with support and resistance? The reason I ask is that volatility, "pools of liquidity", consolidation require the eyes of
an experienced manual trader, whereas when it comes to S/R I can simply add another indicator to a chart and it provides an easy-to-interpret visual cue.
  • #91,028
  • Sep 22, 2018 8:07am Sep 22, 2018 8:07am
Quoting robots4me
Tekkies, RickM, emmanuel7788, jmn5611 -- gentlemen, thanks so much for your explanations and insights. This is really great and helps me better frame the way I approach the TMS system. Like Big E, I live in the PST and his schedule of checking H4 bars at 10p, 2a and 6a is working well for me and requires minimal care and feeding. Since you were so kind to offer insights on volatility, "pools of liquidity", consolidation, etc -- if you don't mind my asking, how do these tie in with support and resistance? The reason I ask is that volatility, "pools...
As a manual but mechanical trader, I will observe how furiously a level of importance gets broken. What is important depends on time frame in my view. If I get a BRN and it gets broken with conviction, then I will feel safe putting on that trade. But there are other things to view.

Attached Image (click to enlarge)
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This is a wonderful example of the selectiveness E tried to build into the system. Many crosses
Only two valid in my view. Why did I choose just these two?
If you are good at something, never do it for free--Joker
  • #91,029
  • Sep 22, 2018 8:39am Sep 22, 2018 8:39am
Quoting onejester
{quote} He's just winding you all up (or is that whineding you all up). Maybe its because English isn't his first language? Normally that one is levelled at Tekkies... {image}
Hi, leave me out of this one popcorn fight please.
  • #91,030
  • Sep 22, 2018 8:46am Sep 22, 2018 8:46am
Quoting RickM
Looking at charts is always challenging because we sometimes we see trades setups that don't exist. We are looking at the forest between the trees hoping to predict the next candle move. What do you see it this pic. I see a large Wide ranging Tree on the left followed by a Inside Tree next. My trade decision is to not date the lady. {image}
Consolidation will be where the "nose" is, Support zone at "lips".
  • #91,031
  • Sep 22, 2018 8:50am Sep 22, 2018 8:50am
Quoting jmn5611
Many crosses. Only two valid in my view. Why did I choose just these two?
Nice -- you actually forced me to look more closely at the data. I would have liked to also see the stochastic to confirm direction and that it falls within [20,80]. But given just the chart above, I'll say your choices were influenced by the size of the preceding bars.

In trade #1 we can see that just prior to the cross the red bars get smaller. And in trade #2 the preceding 10 bars look to be ranging, plus the first blue bar is larger than the previous red bar.

But some of the other crosses would have also yielded positive returns. So, even though they may not have met your strict criteria then why would you consider them invalid? I mean, it seems if a cross results in 3-8 bars of the same color then it's a pretty good signal. Is it because I'm trading H4 and 3-4 consecutive bars of the same color almost always yield a fair return of pips?
  • #91,032
  • Sep 22, 2018 9:28am Sep 22, 2018 9:28am
Quoting emmanuel7788
{quote} Like I said many times before, you need to have the commitment to spend 3 to 5 hours per day for the next 2 to 3 years. Let me know when you are ready to start.
Already started and doing better with each month that passes thanks to your posts.
  • #91,033
  • Edited 10:37am Sep 22, 2018 10:21am | Edited 10:37am
Quoting robots4me
{quote} Nice -- you actually forced me to look more closely at the data. I would have liked to also see the stochastic to confirm direction and that it falls within [20,80]. But given just the chart above, I'll say your choices were influenced by the size of the preceding bars. In trade #1 we can see that just prior to the cross the red bars get smaller. And in trade #2 the preceding 10 bars look to be ranging, plus the first blue bar is larger than the previous red bar. But some of the other crosses would have also yielded positive returns. So,...
Robot
They not invalid, would say jmn is trading very strict.
Took your H1/H4 way of trading and applied it to the same chart JMN posted with my M15/H1 rule that:
- Both H1/H4 green angle (above / below - 2 / 4) must compleet one bar to confirm direction
- H1 green must cross red completely by one bar. Result would be: Entered trade on the beginning of the new bar after the cross on H1.
Did not applied post#647 at all. So you would see some "mistake" entries.
Now in hindsight it look fantastic. Real trading, well we al know how that tends to trade. Nothing seems to works right.
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Closer look at H1/H4 entry
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  • #91,034
  • Sep 22, 2018 1:52pm Sep 22, 2018 1:52pm
Tekkies -- this is great information and most helpful. Thank you.
  • #91,035
  • Sep 22, 2018 2:26pm Sep 22, 2018 2:26pm
Quoting pips29
{quote} decided to close this trade as Ism man approaches..It is my first trade of the year and I am very happy to get this green pips..will short the kiwi when I get that "itchy" feeling {image}
You don’t trade TMS anymore? Why? Was it not profitable?
  • #91,036
  • Sep 22, 2018 10:20pm Sep 22, 2018 10:20pm
Quoting robots4me
Tekkies, RickM, emmanuel7788, jmn5611 -- gentlemen, thanks so much for your explanations and insights. This is really great and helps me better frame the way I approach the TMS system. Like Big E, I live in the PST and his schedule of checking H4 bars at 10p, 2a and 6a is working well for me and requires minimal care and feeding. Since you were so kind to offer insights on volatility, "pools of liquidity", consolidation, etc -- if you don't mind my asking, how do these tie in with support and resistance? The reason I ask is that volatility, "pools...

@robots4me,

I know you are an experienced trader and also a mql4 coder. You are ahead of some members here and you can discern what the trading methodology is than others less experienced.

Just a few questions,

1. Which are your selected 16 pairs in your watchlist?

2. Which version of the TDI posted in this thread are you trading with? Big E used is the one in Post#25 and he did not refresh his charts when he trade.

3. Which broker do you use and their server time ? do the H4 candle open at your local time PST 10PM, 2AM, 6AM, etc...

4. Will your broker adjust their server time when daylight saving next month?

5. Do you follow Big E set-up candle rule with the 5EMA, Typiclal Price, Shift+3?

...more/-
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,037
  • Sep 22, 2018 10:44pm Sep 22, 2018 10:44pm
Quoting RickM
{quote} Hi PayIfForward We talked last week about your EA, may I ask you if it follows exactly Big E's rules or have you twigged the system slightly. As I made you aware, my first attempt was only showing small profits so I stopped the development. I am willing to have another crack if you can let me know if your yearly results shows good profitability with no more than a 10% drawback. A thumbs up will do
Less than a year and DD at times more than 10% ... it all depends on your comfort level.
When you are successful perhaps give a thought to others ... Kiva dot org
  • #91,038
  • Sep 22, 2018 11:54pm Sep 22, 2018 11:54pm
Quoting PayItForward
{quote} Less than a year and DD at times more than 10% ... it all depends on your comfort level.
Having a higher draw back than 10% doesn't bother me provided the potential equity gain looks good, otherwise there is a better use for my equity.
I had a couple of strategy's that pulled in over 100% equity gain a year but as the draw back was ridiculously high at 50% I decided to quit those strategy's.

These days I spend some time snooping around other threads here just looking for ideas that I could possibility develop into a profitable EA.
Trading thin liquidity at the boundary of the charts
  • #91,039
  • Sep 23, 2018 12:28am Sep 23, 2018 12:28am
Quoting jmn5611
{quote} As a manual but mechanical trader, I will observe how furiously a level of importance gets broken. What is important depends on time frame in my view. If I get a BRN and it gets broken with conviction, then I will feel safe putting on that trade. But there are other things to view. {image} This is a wonderful example of the selectiveness E tried to build into the system. Many crosses Only two valid in my view. Why did I choose just these two?
Based on ONLY the information supplied ... no stoch, other TF, angle etc ...
Manual ... one buy closed, one sell closed (small loss), another buy still open ... TDI above 50 level.
EA see below:
Attached Image (click to enlarge)
Click to Enlarge Name: EA.png Size: 214 KB
When you are successful perhaps give a thought to others ... Kiva dot org
  • #91,040
  • Sep 23, 2018 3:56am Sep 23, 2018 3:56am
Quoting PayItForward
{quote} Based on ONLY the information supplied ... no stoch, other TF, angle etc ... Manual ... one buy closed, one sell closed (small loss), another buy still open ... TDI above 50 level. EA see below: {image}
Quoting Tekkies
{quote} Robot They not invalid, would say jmn is trading very strict. Took your H1/H4 way of trading and applied it to the same chart JMN posted with my M15/H1 rule that: - Both H1/H4 green angle (above / below - 2 / 4) must compleet one bar to confirm direction - H1 green must cross red completely by one bar. Result would be: Entered trade on the beginning of the new bar after the cross on H1. Did not applied post#647 at all. So you would see some "mistake" entries. Now in hindsight it look fantastic. Real trading, well we al know how that tends...
Quoting robots4me
{quote} Nice -- you actually forced me to look more closely at the data. I would have liked to also see the stochastic to confirm direction and that it falls within [20,80]. But given just the chart above, I'll say your choices were influenced by the size of the preceding bars. In trade #1 we can see that just prior to the cross the red bars get smaller. And in trade #2 the preceding 10 bars look to be ranging, plus the first blue bar is larger than the previous red bar. But some of the other crosses would have also yielded positive returns. So,...
Attached Image (click to enlarge)
Click to Enlarge Name: InkedUSDJPYH4_LI.jpg Size: 1.7 MB


Yes, Tekkies, if I trade TMS I will do it EXACTLY like it was laid out, no wrinkles of any kind, zip, zero, nada.
Robots, good analysis.
PayItForward, I will include the stochastic next time, it does help.
If you are good at something, never do it for free--Joker
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