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Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

Quoting realjumper
{quote} It takes "30 long years" to buy into established resistance like you did yesterday (for just one example) in your CONTINUATION trade.....yeah right jackass, you still have a long, long way to go.

well, in my 30 years I have seen many times resistance tested and broken.

technical support and resistance are technicians perception of the market. sellers leave behind resistance some like to call them supply. buyers leave behdind support some call them demand.

every trade taken must have calculated risk therefore the positions size of the trade matters.

well, if you say I have long way to go, then I have a long way to go, I don't have a problem with how long the way is. And you still have another 20 years to catch up with my long way to go ... you are the laggard with 10 years trading experience.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} well, in my 30 years I have seen many times resistance tested and broken. technical support and resistance are technicians perception of the market. sellers leave behind resistance some like to call them supply. buyers leave behdind support some call them demand. every trade taken must have calculated risk therefore the positions size of the trade matters. well, if you say I have long way to go, then I have a long way to go, I don't have a problem with how long the way is. And you still have another 20 years to catch up with my long way...

You won't catch me buying into established resistance like a newbie jackass.
Doing what you like is Freedom. Liking what you do is Happiness.
Quoting emmanuel7788
{quote} well, in my 30 years I have seen many times resistance tested and broken. technical support and resistance are technicians perception of the market. sellers leave behind resistance some like to call them supply. buyers leave behdind support some call them demand. every trade taken must have calculated risk therefore the positions size of the trade matters. well, if you say I have long way to go, then I have a long way to go, I don't have a problem with how long the way is. And you still have another 20 years to catch up with my long way...
friend, it doesn't matter if he has 10 years experience compared to your 30 if your 30 is not as valueable.. you could have wasted 20 years and he gained 20 years on you.. 20 years up is priceless mate. it is not the time spent doing something that matters but the quality
Quoting lisat
{quote} Ummm wrong again Emmanuel My trade explorer is there for a specific reason, its called testing ideas but unlike someone else I could mention, I don't take my trade explorer down if I have losing trades, oh of course, so I forgot, that was your Lotto model
so we are the same testing ideas ....

but you have taken down one trade explorer, am I wrong?

the current one FxPro is June 13 , right?

my CI500 2017 was not a Lotto model. It was testing TMS MEME with fix lot size 0.01 lot without %risk and use of position sizing. I did that live account test for a Slovenia trader who wanted me to show live if TMS MEME works with fixed lot size trading. That project testing failed. So end results is do not trade TME MEME with small account and use fix lot size 0.01 lot.

the TMS EVO 2018 project is combine Lotto model and Insurance model. The money management is that following the OP's deposit $10k and risking 15% to 30% to trade 2 to 4 standard lots. But instead of trading all 2to 4 stad lots in one single trade, I break that down into smaller lots in one basket of trades. That project end results was good and that year 2018 made 57% just trading EURUSD.

Lotto model and Insurance model are not my creation. Remember I don't have anything original...It is by Boris Schloessberg a professional trader.
It is Mastering Risk Management Techniques

here is that youtube video link:

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Fredrik7
{quote} friend, it doesn't matter if he has 10 years experience compared to your 30 if your 30 is not as valueable.. you could have wasted 20 years and he gained 20 years on you.. 20 years up is priceless mate. it is not the time spent doing something that matters but the quality

good point taken.

In my 30 years, I learned a lot of bad habits from some traders one was a market wizard mentioned in Jack Schwager book the Market Wizards.
It took more time to un-learn those bad habits than learning them.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} so we are the same testing ideas .... but you have taken down one trade explorer, am I wrong?
Yes I did because it was with GKFX and they stopped taking retail traders and wanted to move some to another broker, so I closed that account and transferred to fxpro. I took it down because I wouldn't be trading it again. I did though, leave it there long enough to be seen it was 11% up roughly until FF deactivated it due to me not using it, so deleted it.
Success means going from failure to failure without loss of enthusiasm
Quoting lisat
{quote}Sorry I wasn't actually writing for your benefit, but for (hopefully) the benefit of those that think you are never wrong, and lose money every day following what you say.

Learned that one the hard way real fast.
Quoting Jan81
It really is a shame that a thread once started by Big E to sincerely help people has turned into a thread with Big Ego's.
You don't know half of it.
Quoting emmanuel7788
{quote} good point taken. In my 30 years, I learned a lot of bad habits from some traders one was a market wizard mentioned in Jack Schwager book the Market Wizards. It took more time to un-learn those bad habits than learning them.
Are for you for real Emmanuel?

Everyday you post your bad habit's. Wanting or should I rather say demand that member's must follow you.
If they don't you attack member's with all sort's of post's: floating man, predictive TDI, Sell scam web-page.

You really got upset when Tekkies refuse to follow you.
-----
By the way when are you going to answer this post?
Post 96,852 :what solution that you have for repainting indicator on this
Quoting Tekkies
{quote} Are for you for real Emmanuel? Everyday you post your bad habit's. Wanting or should I rather say demand that member's must follow you. If they don't you attack member's with all sort's of post's: floating man, predictive TDI, Sell scam web-page. You really got upset when Tekkies refuse to follow you. ----- By the way when are you going to answer this post? Post...

@Tekkies

do you want to start another round of mudslinging today?

why don;t you keep silent and let the people post their charts and discuss trading.

You are asking for my solution to that repainting TDI. Will you listen if I tell you my solution?

members are free to decide what they want to do. I don't demand anyone to follow me. Stop making up bad stories.
If you read and learn from Big E posts you would not have lost the XM trading competition and blew that account in less than two rounds.


You lost money over and over again because of this:
…
Tekkies spends too much on his TDI and Stochastics, now on his M15 & H1 V-lines gimmicks.
Tekkies did not spend enough time on Post#647 to learn Price Action, Support & Resistance, Market Consolidation, etc.
Tekkies should spend more time on Money Management, Risk management for entries and exits.
Tekkies should learn to reduce his large number of BE trades, and How to Let Profits Run.
Tekkies will one day learn Post#2617 and he will realize that he can strip the TDI and Stochastics from his trading charts and he would then realize that taking trades would be a breeze and that the TDI is not in his WINNING EDGE equation.


have a nice day!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} @Tekkies do you want to start another round of mudslinging today? why don;t you keep silent and let the people post their charts and discuss trading. You are asking for my solution to that repainting TDI. Will you listen if I tell you my solution? members are free to decide what they want to do. I don't demand anyone to follow me. Stop making up bad stories. If you read and learn from Big E posts you would not have lost the XM trading competition and blew that account in less than two rounds. You lost money over and over again because of...

Geee thanks Emmanuel, that is a very nice poem. Thanks man
-----
Realjumper nailed it: Jackass, harnying is asking, not me.
Hi,
Is there a script or indicator that maintain S/R lines or trend lines for the same pair while switching between different templates?
S&P continue downtrend
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Focus on the process, outcome will come by itself!!!
$ index picture...I think it will go to test its previous low. if it holds, it will rally back to next resistance level
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Focus on the process, outcome will come by itself!!!
UJ has nice bounce from bottom of wick...we should see some correction from here.
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Focus on the process, outcome will come by itself!!!
took long gbpchf at 1.2366. Should see some correction rally here to its resistance level
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Focus on the process, outcome will come by itself!!!
Quoting mc2010
I agree with the short, but am waiting for a retest of .668 before entering. good luck
Short @ .6689

Target 150 pips
audusd looks good to short...but i will wait alittle for confirmation
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Focus on the process, outcome will come by itself!!!
Quoting emmanuel7788
{quote} GBPNZD Jun 26 taken profits and now open a new basket . Wait and see if there will be a dead cat bounce at 1.90000 then I can build up more positions in the basket. Will still be the same, limit to 5 positions in one basket use position sizing with stop loss and manage each basket using the basket average entry price. {image}

GBPNZD Jun 27 trade update Tokyo session.

With 2 open positions in a new open basket, no much of a bounce of the BRN1.9000 to build more positions in this basket.
Technicians see the Mar MN Low now, falling below that may see it go lower to 1.8780 level .
Let's see how this month-end closing would be like today and tomorrow, just manage the downside risks and let the markt decide the final TP.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting behumble1314
audusd looks good to short...but i will wait alittle for confirmation {image}

... 'supply' zone above
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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