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Trading Made Simple

  • #96,801
  • Jun 21, 2019 7:30pm Jun 21, 2019 7:30pm
weekend reading time ...

Money Management

Big E on Money Management
Post#78,902
https://www.forexfactory.com/showthr...49#post9760549

Big E on using multiple entries in his old thread original title was GBPUSD M15 then ...
Post#2622 , Post#2629 , Post#2771 and Post#2912

Money Management Strategy for TMS: Post#48,008

Using Multiple-Lot Positions to Improve trading TMS: Post#33,507



learn from Kathy Lien "Day Trading and Swing Trading the Currency Market"
Entry and Exits: Post#24,918 Post#18,422 Post#19,617

learn from Agustin Silvani "Beat the Forex Dealer"
How to Build a Position: Post#19,588

Multiple Entries / Multiple Exits for Day chart trading: Post#58,726

Multi-Lots Buy/Sell scripts : Post#55,407

whether you chose to trade:
Single Entry / Single Exit SE/SE
Single Entry / Multiple Exits SE/ME
Multiple Entries / Single Exit ME/SE
Multuple Entries / Multiple Exits ME/ME

is your personal preference.... call it what you want so long you make money consistently.

Learn EVERYTHING the OP posted in Forex Factory. You wont regret it.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,802
  • Jun 21, 2019 7:58pm Jun 21, 2019 7:58pm
Quoting Cj.cn
{quote} do you mean divergence? Yes. TDI condition 1) is something Big E mentioned in his post to take note when the price trends with strong momentum. TDI condition 2) is something explained in tutorial videos Big E posted links to CompassFX. will read more your post about TMS MEME. thanks for your reply.

you want to learn how to trade with ME/ME,

read the post 96,806 just above this.

Combine (or Big E would say blend) "How to Build and Position" by Agustin Silvani and "How to trade like a Hedge Fund Manager -The Art of Entering and Exiting" by Kathy Lien, you will discover your own entry and exit technique / strategy. Then you can call it whatever name you can imagine. I kept mine simple using the acronym MEME and for my trade plan 2018/2020 I named it TMS-MEME EvolutionIX.

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BTW, you can also incorporate Big E's 21/233 Method' multiple entries technique into his 5-Method. This will generate more profits in trending market and breakouts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,803
  • Jun 21, 2019 8:06pm Jun 21, 2019 8:06pm
Quoting realjumper
{quote} Correct! There is no "TMS MEME" .... There is only Emmanuel7788 MEME....which is an excuse for a trader who still cannot pinpoint a proper sensible entry.....which, after "30 long years" you'd think he'd be able to do!

Hi RJ

are you affected by this,

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how many times has such broker' moves happen in your last 10 years trading?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,804
  • Jun 21, 2019 8:15pm Jun 21, 2019 8:15pm
Scaling in, or in other words, adding trades to a winning trade is a very profitable and sensible thing to do. Adding more trades to losing trades however, is a stupid thing to do and it can be equated to lack of understanding of the market behaviour. It is not sensible, nor advisable to add to losers, aka, 'catching the falling knife'......and adding small entries to another small (but losing) entry just shows a glaring inability to understand how the market behaves.

If you want to spend your weekend wisely learning more about trading, don't skip from thread to thread, system to system, book to book, video to video, guru to guru, study your charts, that's where the answers lay.

Have a great weekend.

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Doing what you like is Freedom. Liking what you do is Happiness.
  • #96,805
  • Jun 21, 2019 8:28pm Jun 21, 2019 8:28pm
Quoting realjumper
Scaling in, or in other words, adding trades to a winning trade is a very profitable and sensible thing to do. Adding more trades to losing trades however, is a stupid thing to do and it can be equated to lack of understanding of the market behaviour. It is not sensible, nor advisable to add to losers, aka, 'catching the falling knife'......and adding small entries to another small (but losing) entry just shows a glaring inability to understand how the market behaves. If you want to spend your weekend wisely learning more about trading, don't skip...

Hi RJ

thanks for posting that old 2017 TE of my failed project CI500... that is a good reminder that a robust money management strategy requires a good account size for risk allocation and use of Position Sizing. I writeen a post on why that project CI500 failed and the lessons learned.

I have learned quite a few lessons from that failed project and therefore in TME MEME-Evo, I have implement another account management strategy and tested that in 2018. The result was posted in this thread by MoneyZilla
Go to this link and follow the post from the start Post#1.
https://www.forexfactory.com/showthr...0#post11834080

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And my current project is TME MEME EvolutionIX, this is for 3 years trading from 2018 to 2020 and so far the month results have been consistent. I will post the results later when I get online to my broker trade server again.

Have a good weekend, relax if you had a bad trading week. The market will open again on next week and you can try again.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,806
  • Jun 21, 2019 8:31pm Jun 21, 2019 8:31pm
Quoting realjumper
Scaling in, or in other words, adding trades to a winning trade is a very profitable and sensible thing to do. Adding more trades to losing trades however, is a stupid thing to do and it can be equated to lack of understanding of the market behaviour. It is not sensible, nor advisable to add to losers, aka, 'catching the falling knife'......and adding small entries to another small (but losing) entry just shows a glaring inability to understand how the market behaves. If you want to spend your weekend wisely learning more about trading, don't...

talking about 'catching the falling knife',

another book to read on this topic.

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I love to read... it makes me happy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,807
  • Jun 21, 2019 8:33pm Jun 21, 2019 8:33pm
Quoting emmanuel7788
{quote} Hi RJ thanks for posting that old 2017 TE of my failed project CI500... that is a good reminder that a robust money management strategy requires a good account size for risk allocation and use of Position Sizing. I writeen a post on why that project CI500 failed and the lessons learned. I have learned quite a few lessons from that failed project and therefore in TME MEME-Evo, I have implement another account management strategy and tested that in 2018. The result was posted in this thread by MoneyZilla Go to this link and follow the post...

Good to see that after "30 long years" you haven't given up on your dream of becoming a success.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #96,808
  • Jun 21, 2019 8:44pm Jun 21, 2019 8:44pm
Quoting realjumper
{quote} Good to see that after "30 long years" you haven't given up on your dream of becoming a success.

actually I am into my 40th year now ...

my first trade was in 1982 ... lost money in the first 10 years but I never gave up.

success is not a destination, they are milestones along a very long journey... a life long journey and ... Plan IX 2018/2020 is just another milestone to turn.

Like Eric said in his Post#296, below:

There are always going to be people who slam using Stochastics or any other indicator. Like you said... you have to learn how to use it like you have to learn how your favorite pair responds in the market place.

I have been burned once in a while however, most of the time it was my fault for reading the market incorrectly.

Just because you can bring an indicator up on your chart doesn't mean you know how to use it correctly.

Learning to trade is a lifetime process. Develop a trading system that fits you and practice, practice, practice. When your confident... go live.

Learn to tweek your strategy to stay up with changing market conditions. If your mentally burned out, take a week off.

Take your time to learn how to trade. Newbies want to trade live right off the bat... and I thank you for all those pips you paid for... that I get to keep. Take the time to enjoy the learning experience. There is no hurry... only in your mind.

I profit every day by using Stochastics. I hope you will too. It's just part of the puzzle.

Big E

never stop learning.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,809
  • Jun 21, 2019 8:53pm Jun 21, 2019 8:53pm
Quoting emmanuel7788
{quote} actually I am into my 40th year now ...

In April 2013 it was "25 years" (I have bookmarked the page). Now it's 2019 it's "30 long years"...31 actually. Suddenly it's jumped to 40 years?


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Doing what you like is Freedom. Liking what you do is Happiness.
  • #96,810
  • Jun 21, 2019 9:19pm Jun 21, 2019 9:19pm
Quoting realjumper
{quote} In April 2013 it was "25 years" (I have bookmarked the page). Now it's 2019 it's "30 long years"...31 actually. Suddenly it's jumped to 40 years? {image}

as I said, my first trade was i 1982 ... its that 40th year now since that first trade... between 1982 till now?

what happened in April 2013? well you know when you kept the bookmark on that page...

clueless!

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,811
  • Jun 21, 2019 9:24pm Jun 21, 2019 9:24pm
Smarten up your act Pinocchio...it's getting too easy to catch you out.

I'm off out now.....happy FF-ering for your whole weekend.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #96,812
  • Jun 21, 2019 9:30pm Jun 21, 2019 9:30pm
Quoting realjumper
Smarten up your act Pinocchio...it's getting too easy to catch you out. I'm off out now.....happy FF-ering for your whole weekend.

have a good one ... real mudslinger pretending to be a trader with 10 years experience ... LOL.

in 25 years I drank many beers... good one and bad ones.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,813
  • Jun 21, 2019 9:41pm Jun 21, 2019 9:41pm
Quoting emmanuel7788
The Saga of the TDI continues ... this video was posted by another members before, here is a replay ... https://www.youtube.com/watch?v=EDuzcUStPgQ&t=949s

Have you watch this youtube video yet?

link above.

Do you have a problem trading with a repainting indicator? You should not.

I don't have a problem when I knew that the TDI repaints its history. I have a solution and it is really a very simple one.

If you study all the OP posts and those with training charts (more then one week past data), you will observe that his training charts are refreshed and the TDI conditions have been repainted but that should not be a problem.

Next week we shall be looking at realtime market live charts for setups the same way we did and I posted several charts GBPJPY which shows the actuall TDI in live market condition.

While it is weekend, you can also test the TDI indicators in your MT4 stratege=y tester and observe how it responds to price and take note of the repainting as new price bars open and close.

Have fun.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,814
  • Jun 22, 2019 4:41am Jun 22, 2019 4:41am
Quoting emmanuel7788
{quote} as I said, my first trade was i 1982 ... its that 40th year now since that first trade... between 1982 till now? what happened in April 2013? well you know when you kept the bookmark on that page... clueless! {image}

Sure.

Come on Emanuelle0000 tell more of your lies. Who was you broker in 82? Where did you get you start capital from? Should be pretty hard for an 30 year old asian getting some kilo bucks back in the days. Right? What floor you traded on? Rofl





Man your desire for attention must drive you crazy. Lying about hard diseases like schizophrenia tells books, books...
Newbies be warned of emmanuel7788. Hes not true.
  • #96,815
  • Edited 5:14am Jun 22, 2019 4:56am | Edited 5:14am
Quoting emmanuel7788
{quote} Have you watch this youtube video yet? link above. Do you have a problem trading with a repainting indicator? You should not. I don't have a problem when I knew that the TDI repaints its history. I have a solution and it is really a very simple one. If you study all the OP posts and those with training charts (more then one week past data), you will observe that his training charts are refreshed and the TDI conditions have been repainted but that should not be a problem. Next week we shall be looking at realtime market live charts for setups...


They say some people is like a disease....

What you did not even knew is that there is plenty galore "TDI indicators" coded out there. Some I believe strayed from the original concept only to proof some idiot's believe for what he sees, then THAT TDI becomes the holy grail. BUT then it is only a BS indicator far from the original.
We obey the structure that results from the market's reaction
  • #96,816
  • Jun 22, 2019 5:26am Jun 22, 2019 5:26am
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Enter on M30 and exit on bigger time frame.
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We obey the structure that results from the market's reaction
  • #96,817
  • Jun 22, 2019 5:38am Jun 22, 2019 5:38am
May I ask how the Stochastic 8,3,3 was used in this strategy in the beginning, and is it still in use? I've seen it in some charts, while others don't seem to use it. I've read the first 10-20 pages of this thread and maybe the 10 last pages also. Sorry for asking if someone is offended.
  • #96,818
  • Jun 22, 2019 5:41am Jun 22, 2019 5:41am
Quoting langhammars
May I ask how the Stochastic 8,3,3 was used in this strategy in the beginning, and is it still in use? I've seen it in some charts, while others don't seem to use it. I've read the first 10-20 pages of this thread and maybe the 10 last pages also. Sorry for asking if someone is offended.
Just a confirmation for the TDI, that's all. Not a trade signal provider function.
We obey the structure that results from the market's reaction
  • #96,819
  • Jun 22, 2019 5:46am Jun 22, 2019 5:46am
Quoting Egbert
{quote} Just a confirmation for the TDI, that's all. Not a trade signal provider function.
Thank you, sir!

Next question, about the price action channel. Do you create it with shifted EMA's or is it an indicator?
  • #96,820
  • Jun 22, 2019 6:01am Jun 22, 2019 6:01am
Quoting langhammars
{quote} Thank you, sir! Next question, about the price action channel. Do you create it with shifted EMA's or is it an indicator?
Read post #15 Google the name that you see there, you can download everything from there.
We obey the structure that results from the market's reaction
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