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Trading Made Simple

  • #91,281
  • Sep 26, 2018 6:32am Sep 26, 2018 6:32am
Quoting Tekkies
{quote} mmm Now that gives you the right to insult left right and centre.

well, I am sorry that you feel insulted by being called levitation man.

but tell us honestly, you trade with renko charts and post your trades in this thread using TDI just because your trades looks like your followed Post#647.

keep it simple, if your experience with renko charts is better than the APB/Ha candles, then share that and explain to the people here sothat they can also consider renko charts as an option to Big E TMS template.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,282
  • Sep 26, 2018 6:33am Sep 26, 2018 6:33am
Quoting realjumper
{quote} Well obviously the more trades shown in the live sample, the more reliable the sample becomes. If someone who makes all these claims can produce a batch of 10 consecutive trades (say) once a month, then it goes some way to establishing some level of credibility. To steadfastly refuse, for several years, to even take the first step of showing 10 consecutive trades can only lead to one conclusion. And that conclusion is supported by the recent very poor entries, past failed trades due to poor entries and a failed TE!! If a 30 year trade who...
A couple of things ...
"A batch of 10 consecutive trades (say) in a month" ... how will you know that they are consecutive and even if they are and they are successful you think that will "prove" something ... all it proves is that it happened ... it does not prove that it will happen again in the future ...
Assuming you pack your own parachute (guess you are a skydiver or want to be) and you take the same plane from the same airport every Saturday and jump from 10000 feet with the same pilot and buddies.
All goes well for your 1,278 jumps ... on the next for some unexplicable reason the ripcord fails and you need to use the emergency.
All that proves is that 1,278 jumps the ripcord worked and once if failed. This does not mean anything other than it happened and with your calmness and or training you did not panic and pulled the emergency.
It proves nothing except that fact ... just like me or anyone showing 100 perfect trades ... all it proves is that those 100 were perfect it says nothing about the next trade or the one after that because just like you pulling the emergeny ripcord ... it was discretionary ... just as it was for me to close my trades for the night just before responding to you.
Nothing more to add ... all the best ... cheers
When you are successful perhaps give a thought to others ... Kiva dot org
  • #91,283
  • Sep 26, 2018 6:34am Sep 26, 2018 6:34am
Quoting PayItForward
{quote} Again I understand what you say but let me ask you this ... The person in question does more than you ask, instead of the next 10 live trades, they produce the next 20 live trades, and lets say all are winners, or maybe 80% winners 20% losers ... will that satisfy you? ... not me ... why ... simply because they produce 100 trades with 80% success and make 5000 pips in one day/wek/month proves only one thing ... they have been successful with those trades ... it proves nothing else. It proves they were successful so you follow what you understand...
You´re right this doesn´t help. But a trading record over the last years is a period you can´t ignore. Wether such account is traded manually or automated by some EA. An intelligent person could see the difference also understanding the fact historical single trades and overall profit doesn´t gurantee future success, but at least it would back up that persons reliability by numbers instead of just words on a public forum.

I think thats realjumpers point, and i totally agree.

An intelligent person is also able to see that a manually traded account with such strategy like here could never satisfy this persons needs in matter of copying it 1:1 the trades he will see. Thats not the point, at least it never was mine. But it could help a trader like me to at least see what works and what not in seeing the big picture instead of single charts posted which is absolute useless. I don´t say it will help just everyone. Idiots will keep seeing what idiots want to see, no matter what you provide to them. But if you know what to look for while scrolling through such data wether its a TE or MyFxBook Account (if its traded over at least some years like said) it can really help. For sure it requires different strategies not mixed up for such account so the data is at least fitting to one strategy traded.

People could make they own decision on FACTS like emmanuel just said instead of some words written. And if you say such information could be faked, there are very easy ways to get around that problem.
  • #91,284
  • Edited 6:58am Sep 26, 2018 6:44am | Edited 6:58am
Quoting PayItForward
{quote} A couple of things ... "A batch of 10 consecutive trades (say) in a month" ... how will you know that they are consecutive and even if they are and they are successful you think that will "prove" something ... all it proves is that it happened ... it does not prove that it will happen again in the future ... Assuming you pack your own parachute (guess you are a skydiver or want to be) and you take the same plane from the same airport every Saturday and jump from 10000 feet with the same pilot and buddies. All goes well for your 1,278 jumps...

No, actually it does prove something. It proves that there is a 1 in 1278 chance of the parachute malfunctioning. Pretty good odds in my book!

Edit: Of course those odds won't be accurate for the next person per se, but given that we all have very similar parachutes and that we all pack to the same method, the odds should be in the same ballpark. Same goes for trading....assuming we all are using the same method and stick to the rules, then the odds will be in the same ballpark.

SO to come full circle, if a trader is showing his charts AND a live TE, then it's easy to see if he is following the rules, and if so, what the outcome is. Of course there's no guarantees, but as I mentioned before, it goes a long way to showing credibility.

And yes, that's me on the bottom of the 3 stack at about 6,000' above Matamata in the Waikato in my profile pic
Doing what you like is Freedom. Liking what you do is Happiness.
  • #91,285
  • Sep 26, 2018 6:51am Sep 26, 2018 6:51am
Quoting lddd
just because of such stupid rule saying not to enter where candles are "small"... Just such pullbacks like this should not happen that quick. Thats what i mean with SO MANY false signals to deal with... (if this is the case here, or just 2 valid setups simply not worked)
1. lddd, if the rules are stupid to you your solution is very simple, don't use them. But don't call it TMS either.
2. You are still looking for some magic money machine that is going to give you correct signals every time, let that go.
3. Many discussion about TMS and M15. But here you are, still, on chart that the OP said he does not trade because of the very issues you are encountering.

I will bet you have not even started that seminar have you?
If you are good at something, never do it for free--Joker
  • #91,286
  • Sep 26, 2018 7:01am Sep 26, 2018 7:01am
OK guys we will just have to agree to disagree.
I am going to spend my time educating myself and training/thinking of ways to become a more profitable trader ... I guess it is like confronting a losing trade, you just have to know when to cut your loses ...
Again and lastly all the best ... Cheers
When you are successful perhaps give a thought to others ... Kiva dot org
  • #91,287
  • Sep 26, 2018 7:01am Sep 26, 2018 7:01am
Well, that escalated quickly
You will learn the most from your losing Trades
  • #91,288
  • Sep 26, 2018 7:02am Sep 26, 2018 7:02am
Quoting PayItForward
OK guys we will just have to agree to disagree. I am going to spend my time educating myself and training/thinking of ways to become a more profitable trader ... I guess it is like confronting a losing trade, you just have to know when to cut your loses ... Again and lastly all the best ... Cheers

Yep...cheers.....

Have a good night
Doing what you like is Freedom. Liking what you do is Happiness.
  • #91,289
  • Sep 26, 2018 7:17am Sep 26, 2018 7:17am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-fxopen-investments-inc.png Size: 79 KB


@Tekkies.

Could you look at these two charts and tell me what you see?

First two vertical red lines

- M15 i got two BUY signals from the beginning of EU open (both failed).
- H1 printed bullish candles too on both.

'3rd blue vertical line

- Now here´s the breakout of the "consolidation".

How would you have ensured not placing BUY on vertical line 1,2. Instead placing a SHORT entry on the 3rd blue line?

The 3rd blue line to me is a bounce entry where already some larger candles formed on the M15 as well as a larger candle on the H1. So you only trade bounce entries to make sure you won´t enter a TDI Cross setup inside a running consolidation that could break out at any time in every direction?

So the only way to "protect" you from not placing trades in the consolidation area is to wait for such established "larger" candles run, do i understand this right? Now if this is the case, look at that run? Where does it give a "normal" TDI Cross entry later/during that run? No where... So you cannot take advantage of the standart TDI Cross entry on such moves because it never crosses again and you will be either late or doing your short entry if the moves is already over or about to reverse.

Now i looked back on EUR/USD for e.g for the last couple of weeks and it seems every morning after Frankfurt Open it either provides you with an "consolidation" market established trough out the asian session or you have some few larger candles in a row and no TDI setup within the the complete EU session. Mostly the same for all the other majors USD pairs i reviewed so far.

So how do you make sure not entering on such TDI Cross signals from the beginning of the EU session until NY close if 90% of the time during that period such possible setups are inside "consolidation area" or you have to look only for a bounce trade once some larger candles established?
  • #91,290
  • Sep 26, 2018 7:20am Sep 26, 2018 7:20am
Quoting lddd
{quote} Well maybe not left but at least not giving pratical advices according to the rules of this strategy or trading this strategy and providing a track record of such account can followed by everyone. So please tell me where/who these super heros are? For what reason do they hide their success? Especially in a market that is considered to be the most liquid one on planet earth. There is no reason why retail professional traders trading this strategy do not leaving down pants. What they´re afraid of? A market mover trading completely different...
You are never going to get the details that you seek. The reason is simple. Why would anyone bother or be so needy for approval as to post financial information of any type on an internet forum? That is just stupid.

Secondly, a lot of people trade using a variety of MM techniques that they are not willing to just blather all over the web. Some people took years to refine how to manage money. They are going to tell some imaginary forum member about anything that happens in the brick and mortar world. That would be equally stupid.

That said, if someone DOES claim that they are of a certain economic status, then the burden of proof is on the person making the claim. That is what RJ is talking about.

Quoting lddd
{image} {image} @Tekkies. Could you look at these two charts and tell me what you see? First two vertical red lines - M15 i got two BUY signals from the beginning of EU open (both failed). - H1 printed bullish candles too on both. '3rd blue vertical line - Now here´s the breakout of the "consolidation". How would you have ensured not placing BUY on vertical line 1,2. Instead placing a SHORT entry on the 3rd blue line? The 3rd blue line to me is a bounce entry where already some larger candles formed on the M15 as well as a larger candle on the H1....
This post is another reason people do not post financial information on an internet forum. I could show you a track record, you could sit by my side, watch every entry, every adjustment, and every exit that I make. And then, you go home and invent something completely different than what is taught. Then you become upset and ask why it doesn't work!
If you are good at something, never do it for free--Joker
  • #91,291
  • Sep 26, 2018 7:48am Sep 26, 2018 7:48am
Quoting emmanuel7788
{quote} well, I am sorry that you feel insulted by being called levitation man. but tell us honestly, you trade with renko charts and post your trades in this thread using TDI just because your trades looks like your followed Post#647. keep it simple, if your experience with renko charts is better than the APB/Ha candles, then share that and explain to the people here sothat they can also consider renko charts as an option to Big E TMS template.
levitation man? Is that how you spell idiot.
You not sorry at all. You meant what you have posted. You make even the effort and go search for old post's to validate your own perception of that member. That is what you do every time someone dares to go against you. Like this post: Post 91,217

Wonder when that will pop up, pity Jumper did not post that pm. No I don't. TMS (M15/H1, the way I use it) beats Renko anytime.
  • #91,292
  • Sep 26, 2018 8:05am Sep 26, 2018 8:05am
Quoting jmn5611
{quote} 1. lddd, if the rules are stupid to you your solution is very simple, don't use them. But don't call it TMS either. 2. You are still looking for some magic money machine that is going to give you correct signals every time, let that go. 3. Many discussion about TMS and M15. But here you are, still, on chart that the OP said he does not trade because of the very issues you are encountering. I will bet you have not even started that seminar have you?
Hi, no but i will start watching it in just in a second :-)

I totally agree with you. I am not looking for some magic money machine if this is what it sounds maybe. I have that already but its very conservative having provided a 25-30% on average during the last 3 years p.a with a draw down of 6,9%. But this account is completely automated, from time to time i monitor it not doing anything completely stupid and withdrawing some of the money. However this is for retirement.

With trading the TMS i more expect something like 10% on average per month to cover my ongoing spendings on alcoholic drinks, first class flights and girls. Joking aside, but seriously why should i want to learn the TMS for something else if it can´t provide that? I am in my best years now and not interested in spending any more time in jumping from strategy to strategy.

If i call some parts of the rules as stupid, don´t get it personally. Its maybe just lack of my education following this strategy until now. However like said it doesn´t matter to me if trading the H4 or intraday holding positions only for a couple of minutes to hours. What ever works. But i could not find such success by trading the H4 as introduced nor i do trading the H1 like BigE introduced.

So i am trading the TMS now for some month on a 120k funded live account with no constant success. Some time i feel more secure with my entry so i trade 1 lot positions, some time i do 0.10 lot positions. Overall i am somewhere between 1-2% monthly return since may this year. But i already counted several higher draw down periods i am not very happy with. So i am here now to figure out why this is and how to become more constantly in my performance and for sure to generate larger returns but keeping my draw down low/moderate (what the EA can´t do) What else should be the reason if i could just put another million or two in such EA account do make even a 20% each month without having to risk a 50-100% draw down?

And again the problem with trading the H4/Daily is that it requires a lot of time live following such setups and probably increases my learning curve by another 2-3 years just to see if the results for "possible" future results are maybe given or not... If you know about a way around that problem, let me know... Trading on quicker time frames like said is already what i am doing but struggle with a lot of false signals. Not saying the signals are even better on the H4 but at least thats what the majority believe in here.

Otherwise If this is not possible i really could imagine something better to do with my time heh
  • #91,293
  • Sep 26, 2018 8:13am Sep 26, 2018 8:13am
The problem lies with not just the entries but exits. It's day trading on a 4h or 1h chart you don't know what you'll get red cross green is a fallacy but if they think they can do it there lieing to everyone including themselves
  • #91,294
  • Sep 26, 2018 8:35am Sep 26, 2018 8:35am
Quoting lddd
{image} {image} @Tekkies. Could you look at these two charts and tell me what you see? First two vertical red lines - M15 i got two BUY signals from the beginning of EU open (both failed). - H1 printed bullish candles too on both. '3rd blue vertical line - Now here´s the breakout of the "consolidation". How would you have ensured not placing BUY on vertical line 1,2. Instead placing a SHORT entry on the 3rd blue line? The 3rd blue line to me is a bounce entry where already some larger candles formed on the M15 as well as a larger candle on the H1....
Hindsight trading
- Yellow V- line: H1 green did not confirm sell entry
- Blue V-line: Confirmed and lost some profit
- Red V-line: What a beauty. (Happening now: M15 cross red already and H1 green say NO keep the trade open. (first red v-line))
That is how I use both chart's together. Both TDI green must confirm each other. Post#647 is still required. Exactly the same what I posted previously:
Post 91,257, Post 91,033 and a whole lot of other chart's before those two.
Attached Image (click to enlarge)
Click to Enlarge Name: hubfds.PNG Size: 70 KB

Edit:
To help you study use this indicator to plot trend lines on both chart's Place indicator on both chart's
Attached File(s)
File Type: ex4 Synchro Chart Line.ex4   17 KB | 301 downloads

Attached File(s)
File Type: mq4 Synchro Chart Line.mq4   34 KB | 412 downloads
  • #91,295
  • Sep 26, 2018 8:52am Sep 26, 2018 8:52am
Quoting jmn5611
{quote} You are never going to get the details that you seek. The reason is simple. Why would anyone bother or be so needy for approval as to post financial information of any type on an internet forum? That is just stupid. Secondly, a lot of people trade using a variety of MM techniques that they are not willing to just blather all over the web. Some people took years to refine how to manage money. They are going to tell some imaginary forum member about anything that happens in the brick and mortar world. That would be equally stupid. That said,...
So in summary we could close down all forums and websites giving information about trading.

Also we could close down all universities teaching people how to become a doctor if after the studies they start a career at a burgers restaurant for what ever reason.

You sound like trading is something special some people just don’t deserve to be teached/mentored correctly or that some parts/rules of it including money management is a big secret.

Sure there traders invested a lot of their time in learning something to become a professional in and I fully respect that, but I also don’t asked for these traders not interested in, I asked for the ones interested and can manage to do that without suffering any paranoi that something unexpected might happen or a person in a finally instance comes to some different result.
  • #91,296
  • Sep 26, 2018 9:14am Sep 26, 2018 9:14am
Quoting lddd
{quote} So in summary we could close down all forums and websites giving information about trading. Also we could close down all universities teaching people how to become a doctor if after the studies they start a career at a burgers restaurant for what ever reason. You sound like trading is something special some people just don’t deserve to be teached/mentored correctly or that some parts/rules of it including money management is a big secret. Sure there traders invested a lot of their time in learning something to become a professional in and...
This will sound strange, but trading forums are not here to teach trading. Trading forums are here to get people together to generate traffic for the owners so that they can charge advertising rates. That is all there is to it. Believe it or not, trading is not something special either, but if it is something that is not working for you, go out and find a teacher near you. You will not find it in any course or thread. You will only find scammers for the most part. If you or anyone else has issues with any kind of method in any thread, just don't trade it. It's not hard. TMS is a launching point for newer traders to give them a framework to make decisions.

It is so simple that it is made difficult.
If you are good at something, never do it for free--Joker
  • #91,297
  • Sep 26, 2018 9:20am Sep 26, 2018 9:20am
Quoting Tekkies
{quote} Hindsight trading - Yellow V- line: H1 green did not confirm sell entry - Blue V-line: Confirmed and lost some profit - Red V-line: What a beauty. (Happening now: M15 cross red already and H1 green say NO keep the trade open. (first red v-line)) That is how I use both chart's together. Both TDI green must confirm each other. Post#647 is still required. Exactly the same what I posted previously: Post 91,257, Post...
Whats the reason for you not using HA candles like on the original TMS template by BigE, the same I use.

Its a little bit difficult to compare your charts with mine regarding to these explains but thanks a lot, some of the questions solved :-)

However i still don’t understand how to avoid taking trades in consolidation areas like you determined EUR/USD to be in from the EU open this morning. Where to you look to spot such consolidation, on the same timeframes you plan/enter the trade so looking at M15/H1 or looking at H4/Daily? Like said in this example consolidation seems to be due to the Asian session here and this is regularly the case, you could also call that as flat market, trading in a tight range, ranging, sideways or what ever definition there is meaning actually the same I guess.

And again how do you make sure if you have that type of market (I mean you can’t change it) to only enter a trade if it’s about to reverse/breaking out. By only looking at TDI you can’t. See the second vline entry on M15/H1 giving you a BUY entry with loss. Accepting such loss as it happens and move on? Okay but what will keep you away from not entering on the next 10 signals like that? Nothing right? So it all comes down to money management and not like you said only trading the best signals because you can’t prefict what is best or not no matter how picky you will be.
  • #91,298
  • Sep 26, 2018 9:22am Sep 26, 2018 9:22am
Quoting Divergence
The problem lies with not just the entries but exits. It's day trading on a 4h or 1h chart you don't know what you'll get red cross green is a fallacy but if they think they can do it there lieing to everyone including themselves
Another alternative is that the entries make no sense to you as an individual. As RJ mentioned, Likica has the patience to put up with the average forum troll, TMS is traded there in all of it's glory.
If you are good at something, never do it for free--Joker
  • #91,299
  • Sep 26, 2018 9:22am Sep 26, 2018 9:22am
And I thought trading was about making money I must be in the wrong business
  • #91,300
  • Sep 26, 2018 9:24am Sep 26, 2018 9:24am
Quoting jmn5611
{quote} This will sound strange, but trading forums are not here to teach trading. Trading forums are here to get people together to generate traffic for the owners so that they can charge advertising rates. That is all there is to it. Believe it or not, trading is not something special either, but if it is something that is not working for you, go out and find a teacher near you. You will not find it in any course or thread. You will only find scammers for the most part. If you or anyone else has issues with any kind of method in any thread, just...
Now we are talking the same language ;-)

i know all this jmn, I am running all kind of online businesses since I am 14 years (now 33) my self and my firs fortune actually started with an affiliate business like such forum 12 years ago.

So the question is where to find such „experts“ near by me to learn from if this will give me some advantage over reading and learning in from books or online. If there were so much great alternatives I guess I would already have deleted my members account here...
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