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Trading Made Simple

  • #105,361
  • Edited 7:42pm Jun 11, 2020 5:32pm | Edited 7:42pm
Quoting pointlessfor
you can earn 1 or 3 months. and one month price changed how when you loose all your wining in 2 weeks. its a game but not a job. i trade forex 12 years. and be honest i cant be in profit. and i know very strong traders. but they cant live from forex too . everyone have own jobs . forex is a cheating game. like lottery with some technical instruments
For those who don't know how to trade... yes. Obviously, if you trade with no stop loss and are always chasing price you will lose. If you want to be in every trade you will lose. If you don't know how to be patient you will lose. If you listen to every trader on Forex Factory and they manipulate your way of thinking you will lose. Doing what everyone else does you will lose.

We have stop losses for a reason. Traders just don't want to lose a trade and they hope price reverses so they lose more than they have to. Stop loss must be wide enough for a pair to breathe. Also switching your system around every week will make you lose. Sometimes you actually do Have a decent system but you took a bad loss and then you start to make changes and just completely mess everything up.

I can easily sell my business and Trade Forex For a living just fine. The problem is I like what I do and I have a Place to hang out every day that makes money. IM known in my City. I wouldn't give it up for Forex just yet. Maybe when I'm older and sick of doing it but I'm still young and enjoy it very much. Like now, Trading from my Bar with a Cocktail. Can't Complain

Most threads are not making a dime. Systems are too complex and they focus more on indicators than price. The guys who are making money end up leaving Forex Factory. No point in being here when everyone is losing and doubting those who are. It's one of the reasons I barely come on. Sometimes I come here to just start a little crap and leave. It's fun to pick on demo traders who tell others what to do. Maybe that's just the Big Kid in me my wife says.

An example I did live trade calls and my TP. Show my profit and Tekkies right away says it has to do with ego. He/she doubts and is jealous because he/she can't do it. Like many others on here. I have had people message me all the time and I tell them the same thing over and over again. Go 8 Months off of Forex Factory. Just check Calander and focus on creating a system that suits you. Watch all timeframes and only have at most 5 Indicators. Study, Study, Study. Screenshot your trades when you entered and then look at it again when you close the trade. See what you did wrong or right. Do this on multiple timeframes to see how to make your entries better. If you feel like you have to come on here to see what other traders think about it pick another pair. That Pair Didn't give you a clear Signal. Trade at the right times. If you can figure out the right time to trade I swear its easier than you think (once you learn price Action)

I've been in a giving mood this week. That's enough.. Wife and kids back tomorrow and back to Real life.

while tekkies said pairs consolidating no trade I’m up 1K on my chfjoy sell from earlier. Listen to yourself only

FREE TRADE SELL= AUDJPY-NZDJPY-CHFJPY
You will learn the most from your losing Trades
  • #105,362
  • Jun 11, 2020 7:35pm Jun 11, 2020 7:35pm
Quoting emmanuel7788
{quote} setups like these ... when Tokyo open today ... be discipline and pick only the best setups to trade {image} {image}

Don't be deceived by this, those entries are from Tokyo open *yesterday*......they are hindsight entries, entries that are old and after the fact. It's easy to post old entries where the trade worked out...not so easy to post live trades though unless you know what you're doing!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #105,363
  • Jun 11, 2020 7:57pm Jun 11, 2020 7:57pm
Quoting Chenzo25
Problem is some of these red Diamond members are so worried about status since they have been telling people that they are traders for so long they are scared to show they lose more than they win. Posting trades after they win with no targets set and basically cherry picking with demo accounts that they continue to start fresh. Its all good since some of them have no life and this is what they live for but don't confuse all the new guys who will struggle for the next 5 years following you around and losing real money. almost there on NZDJPY....
Exactly right! I think it would be good to get rid of this whole system of allocating 'diamonds' to members here at FF, because they are not allocated according to one's ability to trade. They are allocated according to one's ability to tell a good story! Those who either have a Trade Explorer or who make live calls, within a few minutes of entry and until the trade completion, win or lose, is what a traders ability should be based upon....in my opinion.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #105,364
  • Jun 11, 2020 8:11pm Jun 11, 2020 8:11pm
Quoting realjumper
{quote} Exactly right! I think it would be good to get rid of this whole system of allocating 'diamonds' to members here at FF, because they are not allocated according to one's ability to trade. They are allocated according to one's ability to tell a good story! Those who either have a Trade Explorer or who make live calls, within a few minutes of entry and until the trade completion, win or lose, is what a traders ability should be based upon....in my opinion.
I have to say Ems EA does look good to be honest. Lots of indicators but if it works than who cares. I sent him an email not to long ago that he never responded to.

This is what I wrote "How come you don't post more live trades? You're a good trader. You would shut them up if you posted more live trades. Most of the time you're posting charts with no evidence of you actually succeeding at TMS"

I never got a reply back.

I hate the whole diamond system. I don't even know how I got the one by my name. Everyone hates me because I call them out.
Short on AUDJPY 72.75 target 72
You will learn the most from your losing Trades
  • #105,365
  • Jun 11, 2020 8:18pm Jun 11, 2020 8:18pm
Quoting Chenzo25
{quote} I have to say Ems EA does look good to be honest. Lots of indicators but if it works than who cares. I sent him an email not to long ago that he never responded to. This is what I wrote "How come you don't post more live trades? You're a good trader. You would shut them up if you posted more live trades. Most of the time you're posting charts with no evidence of you actually succeeding at TMS" I never got a reply back. I hate the whole diamond system. I don't even know how I got the one by my name. Everyone hates me because I call them out....

We have to remember that it isn't 'Ems EA'......it is Steve Hopwoods EA. Also, the OP of this thread expressly stated the EA's must be kept out of his thread. Of course Emmanuel is free to open a separate thread for the EA, but he refuses to do the right thing.

I'm not surprised that you didn't get a reply to your PM. You asked a perfectly valid question and you did so politely, so there is only one reason why you didn't get a reply, no?

The diamond system superseded the 'vouching' system, which was equally poor. Surely live trade calls as explained, and as I have shown over the past few days (and as you do), is much more valuable that some diamond next to our names!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #105,366
  • Jun 11, 2020 9:02pm Jun 11, 2020 9:02pm
Quoting dileepav80
Congratulations. I was looking for such setup. I will try and let you know results.

hi dileepav80

the setup is the same just like this setup today.

I stopped using the 12-2 and 4-6 clock face angle instead I chose absolute calculated value for both the Stoch (8,3,3) and the TDI RSI(13) price line .

I prefer these slope values:
Stoch Slope with minimum value = 5.0
RSI(13) Slope = 2.0

The Price Action of the the price bar OHLC of the 4~5 bars for reversal is key when I pick the trade setups.

With the price action, I look at the APB/HA candle size and body. The HA candle must close above/below the 5EMA to confirm the setup conditions. The price volatility range must also meet certain ADR(100) range when I decide to pull the buy/sell trigger. I would not chase after a very big bar/candle that exceeds 2 times it ADR(100) on that timeframe of the trade.

The important discipline part is you follow your own trading hours for the currency pairs you want to trade. And also pay attention to the daily calendar events.
When there is key events I would avoid taking a trade within the 60 mins of the news event.

Having done all these mentioned above, the other important step is the EXIT trade management. I do not use the TDI exit because that is too conservative. I am used to the managing my trade SL using the price volatility and the Risk model. Using the Breakeven BE+ move plus CandleStickTrailingStop CSTSL is my personal preference.

No matter how good the setup looks and fulfilling all the technical conditions, you do get losing trades and you will learn after every 100 trades, 200 trades, 300 trades,... until you completed your 1,000 trades you will know what your system performance is.

Using TMS_V19, this EA has the option to a screenshot of your charts and saved them in your selected MT4 folder.
You get the alert on your mobile which enable you to trade while on the move.

This is the same everyday once you have your TMS_V19 EA correctly installed and running. You get your very own LIVE calls!

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD6-12---1-1 Trade Alert Jun 12 Sydney Open.gif Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,367
  • Jun 11, 2020 9:12pm Jun 11, 2020 9:12pm
Quoting emmanuel7788
{quote} hi dileepav80 the setup is the same just like this setup today. I stopped using the 12-2 and 4-6 clock face angle instead I chose absolute calculated value for both the Stoch (8,3,3) and the TDI RSI(13) price line . I prefer these slope values: Stoch Slope with minimum value = 5.0 RSI(13) Slope = 2.0 The Price Action of the the price bar OHLC of the 4~5 bars for reversal is key when I pick the trade setups. With the price action, I look at the APB/HA candle size and body. The HA candle must close above/below the 5EMA to confirm the setup...

AUDUSD Jun 12 M15 SYD-TOK

That trade above closed . The CSTSL got hit.

Now we have a buy setup but I have not pull the trigger yet...still waiting during this selected trade window of 15 mins.

No hurry.... it is the new H1 candle and there is no reversal candle.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Jun 12 M15 trade closed CSTSL 12-6-2020 10-08-00 am.png Size: 77 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,368
  • Jun 11, 2020 10:23pm Jun 11, 2020 10:23pm
Quoting dileepav80
Congratulations. I was looking for such setup. I will try and let you know results.

hi dileepav80

here is another setup and it is within my trading hours for this pair. ... TOK_5H

here is a Dynamic entry ***LIVE*** but this is not a live call what some people who cannot trade want to copy my trades ...

EURGBP Jun 12 M15 SYD-TOK

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP JUn 12 M15 SYD-TOK 12-6-2020 11-19-01 am.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,369
  • Jun 12, 2020 1:26am Jun 12, 2020 1:26am
TMS Monitor Jun12 H4 10PM PDT

TMS Monitor is an Expert Advisor ...

the H4 10PM PDT candle still in its active trade window.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Jun 12 10PM PDT 12-6-2020 2-23-12 pm.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,370
  • Jun 12, 2020 1:29am Jun 12, 2020 1:29am
GBPUSD Jun 12 M15 Frankfurt Open hour

I see Price Action etc. etc. etc.

What do you see?

This is not a LIVE trade call.
This is not Interactive Trading forum.
This is Trading Made Simple One, Two and Three

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Jun 12 M15 FO 12-6-2020 2-21-43 pm.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,371
  • Jun 12, 2020 1:33am Jun 12, 2020 1:33am
USDCAD Jun 12 M15 FO

same everyday One, Two and Three



Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Jun 12 M15 FO 12-6-2020 2-31-30 pm.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,372
  • Jun 12, 2020 1:39am Jun 12, 2020 1:39am
Anyone holding on to xxxJPY sell positions.

Did you hear what Aso said to Abe ?

Attached Image



I am getting out of positions ,

see Post#105, 371 above
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,373
  • Jun 12, 2020 2:11am Jun 12, 2020 2:11am
Quoting Chenzo25
{quote} For those who don't know how to trade... yes. Obviously, if you trade with no stop loss and are always chasing price you will lose. If you want to be in every trade you will lose. If you don't know how to be patient you will lose. If you listen to every trader on Forex Factory and they manipulate your way of thinking you will lose. Doing what everyone else does you will lose. We have stop losses for a reason. Traders just don't want to lose a trade and they hope price reverses so they lose more than they have to. Stop loss must be wide enough...
"An example I did live trade calls and my TP. Show my profit and Tekkies right away says it has to do with ego."
What els could it be?
Can also call everyday trade's. Rather stupid with TMS:
>TDI is about to crossover
Tekkies: Hi folks TDI is going to crossing on this pair, angle is below 5, stoch confirm, below resistance, just above level 50, bar's are medium size, long and small term trend same direction as TDI green / Stoch, no consolidation nearby. (post#647 applied)
> Post a nice big chart with trade entry where TDI is about to crossover with a 0.05 second "late" picture.
>TDI is about to counter crossover on same pair.
Tekkies: Have closed trade because TDI is about to crossover.
- Made 120 pips with that trade. Please give me a round of applause and
- Lost 10 pips with that trade, SL / BE saved me. Please give me a
Last month the average totale for all nine pairs was 918 crossover's.
Will spend more time posting chart's then trading.

"while tekkies said pairs consolidating no trade" > for the nine pairs I trade
I’m up 1K on my chfjoy sell from earlier." > Good example of "has to do with ego"
  • #105,374
  • Edited 2:50am Jun 12, 2020 2:31am | Edited 2:50am
Related to Post 105,375 > Can also call everyday trade's. Rather stupid with TMS:
Hi folks TDI is going to cross:
- angle is below 5
- stoch confirm
- below resistance
- just below level 50 (edit: TDI Cross.pdf)
- bar's are medium size
- long and small term trend same direction as TDI green / Stoch
- no consolidation nearby. (post#647 applied edit: TMS BigE full.pdf)

How many crossover's would you have traded?
Attached Image (click to enlarge)
Click to Enlarge Name: aswere.PNG Size: 88 KB

Post 104,863
  • #105,375
  • Jun 12, 2020 2:34am Jun 12, 2020 2:34am
GBPAUD Jun 12 H4 10PM PDT candle still active

you trade your own money ... you decide

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Jun 12 H4 10PM PDT trade window 12-6-2020 3-31-17 pm.png Size: 74 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,376
  • Jun 12, 2020 2:53am Jun 12, 2020 2:53am
Quoting Davit
{quote}Less I visit FF better I feel.
Starting to agree with you Davit.
  • #105,377
  • Jun 12, 2020 2:56am Jun 12, 2020 2:56am
I had to work fast to get this GU trade and the next one (EJ) posted, but here we go. If you want to copy my live trades, why would I mind? Be honest, post live trades else STFU!!

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 143 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #105,378
  • Jun 12, 2020 2:58am Jun 12, 2020 2:58am
EJ isn't very convincing, but the sl is cheap so we shall see

Edit: I should explain. The TP is at the level of Yesterdays market open. And yesterday EJ fell all day. So to me, that makes a target that may be reachable. SL is BE now, so time will tell.

Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 150 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #105,379
  • Edited 3:28am Jun 12, 2020 3:15am | Edited 3:28am
Quoting realjumper
I had to work fast to get this GU trade and the next one (EJ) posted, but here we go. If you want to copy my live trades, why would I mind? Be honest, post live trades else STFU!! {image}
Why copy your live trades or mine or Emmanuel or any member's live calls?
TDI made four call's.
BigE gave the advice (post#647)
- Will I trade them using that advice?

Now this thread went a other step down the rabbit hole by becoming a pissing constant who can post the "best" live call.
Attached Image (click to enlarge)
Click to Enlarge Name: ffoure.PNG Size: 74 KB

Edit: For those that seek the answer "No trade taken"
EURUSD / EURJPY > to close to TDI level 68 (Read post#121)
USDJPY / USDCHF > Consolidation
  • #105,380
  • Jun 12, 2020 3:27am Jun 12, 2020 3:27am
Quoting Tekkies
Now this thread went a other step down the rabbit hole by becoming a pissing constant who can post the "best" live call. {image}
No it didn't. All I'm saying is that anyone can post hindsight charts and post big $$ gains and equity curves. I could do that all day long, but it lacks credibility. If people here wish to learn, then those who are posting trades have a responsibility to be honest and either show a TE that verifies their trades, or else post the trades as they happen. That way, everything is above board and honest. Honesty is sadly lacking in this thread, and I am just showing how easy it is to post a live trade. The old excuse of 'I don't want people to copy my trades' and 'I'm not running a signal service' just don't hold water. If that's how a person feels, then don't post trades. If a person wishes to post trades, then be honest and do it in real time. A person doesn't have to post EVERY trade they ever take, but if they're going to run their mouth about how great they are....back it up with some good old fashioned HONESTY.
Doing what you like is Freedom. Liking what you do is Happiness.
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