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Trading Made Simple

  • #108,321
  • Sep 11, 2020 7:36am Sep 11, 2020 7:36am
Quoting Tekkies
Related to Post 108,299 As posted. BE can safe gaurd profit. How do you trade with a two edge sword? - Prevent a profit trade to go in a loss - Cut a profitable trade to fast because price moved back a little bit only to see it go in to a big profit. Today: - M15 so far was one big negative cross over.(Ouch) - H1, well that one filled the wheelbarrow. {image}
Tekkies ask a question again: "How do you trade with a two edge sword?

Answer:

Do Not trade with a two edge sword.
Trade with the correct mindset and be mentally fit for trading. Develop trading systems incorporating proven Mental Strategy.
Get a mentor to help you develop mental strategies according to your personality.

BE breakeven does not guard profit. Profit lock is one way to protect profit the market gave you. TMS-II Money Management is one way to maximise profits and improve trading performance. Read and Study the OP' post and get all the ideas and his experience to help you develop your own trading system.

Now you can compare your trade with mine, which is TMS-II Money Management .

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A few good books to have in your library.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,322
  • Sep 11, 2020 7:41am Sep 11, 2020 7:41am
Quoting Tekkies
Related to Post 108,299 As posted. BE can safe gaurd profit. How do you trade with a two edge sword? - Prevent a profit trade to go in a loss - Cut a profitable trade to fast because price moved back a little bit only to see it go in to a big profit. Today: - M15 so far was one big negative cross over.(Ouch) - H1, well that one filled the wheelbarrow. {image}

Quoting emmanuel7788
{quote} Tekkies ask a question again: "How do you trade with a two edge sword? Answer: Do Not trade with a two edge sword. Trade with the correct mindset and be mentally fit for trading. Develop trading systems incorporating proven Mental Strategy. Get a mentor to help you develop mental strategies according to your personality. BE breakeven does not guard profit. Profit lock is one way to protect profit the market gave you. TMS-II Money Management is one way to maximise profits and improve trading performance. Read and Study the OP' post and get...

Now, do you understand why I made this conclusion below,

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 and Market Conditions, etc.

Tekkies should spend more time on Money Management, Risk management for entries and exits, on Mental Strategy,

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.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,323
  • Sep 11, 2020 7:50am Sep 11, 2020 7:50am
Quoting Tekkies
... How do you trade with a two edge sword? .... {image}

trading is daily warfare...

watch this video and you will learn how to use your smallish 'two edge sword' and win big ...

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,324
  • Sep 11, 2020 8:05am Sep 11, 2020 8:05am
Quoting emmanuel7788
{quote} trading is daily warfare... watch this video and you will learn how to use your smallish 'two edge sword' and win big ... https://www.youtube.com/watch?v=Sq-uMIZGETs
Thanks for the video. Achilles was a legend
  • #108,325
  • Sep 11, 2020 9:28am Sep 11, 2020 9:28am
Quoting lewis123
Hi all, I hope no one bothers, I speak from my little knowledge about Big E and its method 5. I have seen that Big E also tried some modifications and was trying to polish his method until he reached the current one, that is why I understand that some of you want to experience some change to see if you adapt the Big E method to your way of trading, too I see that novice people who enter this post can get confused and deviate from the method by which this thread was created, so I think it will be the task of each one to investigate from the beginning...
I don't have any comments about your chart.

However, have you checked to see how deep the drawdown can be on H4 and how much money you need to have in an account in order to maintain sufficient available capital? If you do not have enough DISPOSABLE (as in gone forever) money to put in the account to cover that PLUS MORE, then unless you are just doing this for mental exercise, it is pointless to be training on a large TF that you will not be trading when you start.
To free Gazans of Hamas, use whatever it takes.
  • #108,326
  • Edited 2:57pm Sep 11, 2020 12:41pm | Edited 2:57pm
Question I ask myself when reading different threads in FF.
Why do members "brag" with I made "20 pips" or "100 pips" or "xxx pips"
Would rather think that following the rules of the method is more import then brag how much is made.
After all you follow the rules the pips will follow.
They don't follow, you slipped up:
- Either you must correct something about yourself.
- The rule that caused the loss need to be removed / changed.
---
What is a pip".
https://www.babypips.com/learn/forex/pips-and-pipettes:
- If EUR/USD moves from 1.1050 to 1.1051, that .0001 USD rise in value is ONE PIP.
Unless MT4 screwed up I made 8*46 = 368 pips. (ZAR 3.68)

Nothing to brag about or even worthy mentioning in a post.
- What I am proud about is that I followed BigE's advice and that filled the wheelbarrow.
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  • #108,327
  • Sep 11, 2020 1:27pm Sep 11, 2020 1:27pm
[quote = DrDave; 13161647] {quote} No tengo ningún comentario sobre su gráfico. Sin embargo, ¿ha verificado qué tan profunda puede ser la reducción en H4 y cuánto dinero necesita tener en una cuenta para mantener suficiente capital disponible? Si no tiene suficiente dinero DESECHABLE (como se ha ido para siempre) para poner en la cuenta para cubrir eso MÁS MÁS, entonces, a menos que solo esté haciendo esto para ejercicio mental, no tiene sentido entrenar en un gran TF que no lo hará. estar operando cuando comience. [/ quote]

Hola, efectivamente solo estoy ejercitando la vista, soy un gran amante del ejercicio sobre todo de la bicicleta
Estoy de acuerdo con usted y para operar en H4 hace falta un buen capital, de momento estoy entrenando en ese TF y luego iré bajando hasta 15M.
Veo mucha tension en este hilo y creo que todos aportan cosas interesantes, recomiendo a todos que combinen el ejercicio mental con el fisico, ayuda a desestresar
Seguire atento a vuestros comentarios para ver si puedo asimilar el sistema de Big E.
  • #108,328
  • Edited Sep 12, 2020 4:07am Sep 11, 2020 1:31pm | Edited Sep 12, 2020 4:07am
Quoting arasheed
{quote} COmar.FX Thank you very much, I am also suffering from Glaucoma. Now your Tdi on Chart Indicator will help me too.
Yeah ... i hope its useful for you
maybe you can see here https://www.forexfactory.com/thread/...9#post12518709
and here too https://www.forexfactory.com/thread/...0#post10987420
cash n collect .... GU n GJ
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  • #108,329
  • Sep 11, 2020 2:40pm Sep 11, 2020 2:40pm
Quoting Tekkies
{quote} Which of those (count 10 indicator's) is the "boss" indicator. (The one that has the final say.) In this thread it is TDI indicator.
Yeah .... I have 7 years to prove it
beside my method (BBMA) of course
  • #108,330
  • Sep 11, 2020 2:54pm Sep 11, 2020 2:54pm
Quoting COmar.FX
{quote} Yeah .... I have 7 years to prove it beside my method (BBMA) of course
Not asking to proof your method.
Asking which of those indicator lines do you use to trade with.
- Can see that green and red are TDI.
What function does the other lines have?
  • #108,331
  • Sep 11, 2020 4:03pm Sep 11, 2020 4:03pm
Quoting Tekkies
{quote} Not asking to proof your method. Asking which of those indicator lines do you use to trade with. - Can see that green and red are TDI. What function does the other lines have?
only to know the limits of the price range... up n down
  • #108,332
  • Sep 11, 2020 4:56pm Sep 11, 2020 4:56pm
Quoting COmar.FX
{quote} Yeah .... I have 7 years to prove it beside my method (BBMA) of course
Excellent COmar.FX

(BBMA)

and you know the importance of trading discipline


Quoting Tekkies
{quote} Not asking to proof your method. Asking which of those indicator lines do you use to trade with. - Can see that green and red are TDI. What function does the other lines have?
Good questions.

there are ten(10) things I see on his charts and the green and red colour lines are not one of the ten. I am sure Big E knows the same ten(10) things too ... because he attended seminars by Craig Harris, Dean Malone, and .... also Lance Beggs, Raghee Horner, ....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,333
  • Sep 11, 2020 5:30pm Sep 11, 2020 5:30pm
Quoting Tekkies
Question I ask myself when reading different threads in FF. Why do members "brag" with I made "20 pips" or "100 pips" or "xxx pips" Would rather think that following the rules of the method is more import then brag how much is made. After all you follow the rules the pips will follow. They don't follow, you slipped up: - Either you must correct something about yourself. - The rule that caused the loss need to be removed / changed. --- What is a pip". https://www.babypips.com/learn/forex/pips-and-pipettes:...
'eMpTy4' sure did screwed up ... and now we have MT5

Did the OP Big E brag about pips?

He did post this years ago.
"
I'm not looking for 15 pips profit... more like 150 !

The money I put into my last trading account ($10,000) I don't even think about it. It's like the money you take to Las Vegas. You hope to win but don't often... Your taking money for entertainment and relaxation... So I don't give it a second thought... It's entertainment money as I said... Besides It always grows larger...

I REMEMBER THE DAYS WRINGING OUT MY HANDS FOR MY $500 ACCOUNT... THE SKIES FALLING ! Help, help, help.

"

Can you trade a $10,000 real money account the way he did? It's like money you take to Las Vegas...entertainment and relasxation... its fun money.

pips you make is important
R-multiples you make is also important

what is more important is for every 'R' you risk in your investment & trading, how many 'Rs' do you get in return on an average over 3 years.

If an aggressive investor/trader risk say $25k and makes $400k at the end of 3 years, how many Rs is that?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,334
  • Sep 11, 2020 5:34pm Sep 11, 2020 5:34pm
Quoting Nat.Fx
{quote} Thanks for the video. Achilles was a legend
I like Achilles too.

But Achilles heel is his weakness.

Like every trading strategy, Trading Made Simple 5-Method has its Achilles heel.

How many of your traders know the Achilles heel of TMS 5-Method?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,335
  • Sep 11, 2020 5:41pm Sep 11, 2020 5:41pm
Quoting Tekkies
... What I am proud about is that I followed BigE's advice and that filled the wheelbarrow. {image}

about wheelbarrow,

which is your favourite , green or red?

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its weekend time, so let the fun begin...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,336
  • Sep 12, 2020 1:49am Sep 12, 2020 1:49am
Quoting [B
FakeDrDave;[/b]13161870] {quote} ....
Folks, Be warned ... FakeDr is now the most ToxicFakeTradingDr.

He is undergoing his regular meltdown after Thursday's trading losses.
Trading at home while under the pandemic lockdown has taken its toll on him already {here}.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,337
  • Sep 12, 2020 2:20am Sep 12, 2020 2:20am
Quoting [B
FakeDrDave[/b];13161647]{quote} I don't have any comments about your chart.

However, have you checked to see how deep the drawdown can be on H4 and how much money you need to have in an account in order to maintain sufficient available capital? If you do not have enough DISPOSABLE (as in gone forever) money to put in the account to cover that PLUS MORE, then unless you are just doing this for mental exercise, it is pointless to be training on a large TF that you will not be trading when you start.
when you do not have the trading skills you cannot trade, your drawdown will still be your losses when you trade M1, M5, M30, H1, ....
when you risk $500 on a trade and use Position Sizing with an initial SL, your losses will be the same does not matter which timeframe you trade Daily, H4, H1 , M15 etc.
when you do not have the trading skills, a wrong entry will end up in drawdown. when you suffer from emotional baggage, every trade you take will end up as account drawdown the when trading Daily, H4, H1 , M15, etc.

it is very simple: since you have not achieved Financial Freedom you do not have the money to be trading this retail spot forex market. The OP definitely has achieved financial freedom having his own building business and retired, trading a $10K account is what he considered entertainment and relaxation money he would take to Las Vegas.

however, many people take to retail trading as part-time traders and trade with small amount of money hoping to make a fortune. This is one of many reasons/causes why so many traders lose their money.

Why 95% Of All Traders Fail {here} , {here} , {here} , {here} ,

If you want to trade and make some money to supplement your day job, you need to have a good amount of money as start-up business capital and have a SMART financial plan. This will help to ensure you develop the discipline and treat trading as a business. Be realistic with the amount of money you want to make. Forget about those get rich quick thinking, you cannot expect to trade a $1,000 account and to make one million dollars in 3 years.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,338
  • Sep 12, 2020 2:34am Sep 12, 2020 2:34am
Quoting lewis123
Hi all, I hope no one bothers, I speak from my little knowledge about Big E and its method 5. I have seen that Big E also tried some modifications and was trying to polish his method until he reached the current one, that is why I understand that some of you want to experience some change to see if you adapt the Big E method to your way of trading, too I see that novice people who enter this post can get confused and deviate from the method by which this thread was created, so I think it will be the task of each one to investigate from the beginning...

Hi Lewis123

I don't know your trading experience and what other systems/methods you have traded with and for how many years.

I have done many discussions with other members and traders who are doing their own trading system development and one of the key topic in the blueprint for trading success is the financial planning, then the trading business hours, ....

First question at the top of my head is - Why do you jump straight into trading H4?

Trust me, without a written down blueprint for trading success, many will end up lost and will give up.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,339
  • Edited 3:13am Sep 12, 2020 2:55am | Edited 3:13am
Quoting FakeDrDave
{quote} 1. Some of the reader's ARE stupid: Reading their posts confirms it. 2. Some of the readers are just plain lazy. Many even admit that they have read at most a handful of postings from the thread. They maybe read post#1, then jump to current posts of nonsense, lies, distortions, and perversions of the 5-method by the ToxicFakeTrader, but of course they do not realize this because they did not read the early teachings of BigE. So the stupid readers are unlikely to have the ability to determine the gold...

and FakeDr started his meltdown and is confused.

He assumed readers are stupid even when many readers do no post anything. He only read a few members posts andf when members do post, he starts his toxic replies like this post as an example.

He assumed what readers are plain lazy just by reading a few members who did posts in this thread and the number of posts are getting fewer. I get more PMs with members asking questions and they rather not want to post in this thread because members will get his toxic reply.

He made this thread his DUMP thread months ago when his own thread TDA with IMT failed to get any interest in Forex Factory. His own thread which he started in Aug 2019 and he claimed to have requests from market analyses, but look at the number of members who actually posted in his thread... 107 post in total.
And I got banned for obvious reason I exposed him, and member Josi also stopped posting in his thread and I know why.
TDA with IMT is a FAILED SYSTEM ....and FakeDr is now in this thread to get attention and for some0ne to massage his ego here.
His trading contribution in this thread is ZERO.
His trading contribution in other threads lack substance.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,340
  • Sep 12, 2020 3:41am Sep 12, 2020 3:41am
Quoting FakeDrDave
{quote} KennethYang comes to mind. Will he be making any posts here in 6 months? He clearly made a trading plan around the 5-method and had great results with it, posting charts as he went along. He was smart enough to avoid all of the nonsense that Toxic FakeTrader posts. However, he hasn't posted since 26 August ...

You are wrong about KennethYang. You dont know anything about Trading Made Simple and about the 5-Method.
Now go back start all over again and read all the OP Big E's posts in his old thread and learn how many different systems / methods he posted in his old thread. You will learn how he use 'blending' in his system development.

You will then learn and realize that KennethYang's posts in this thread is not big E' 5-Method. His charts are quite clean and easy to read, and he did not trade the way the OP Big E traded the reversal in his aggressive entry style. KennethYang trading style is conservative which Big E consider too conservative for him so he adopted another component from another system trader based in South Africa during his time.

You lied about 'great trading results'. Only one person knows why KennethYang had not posted since Aug 26 2020.

Conclusion : You are a Fake. You do not know much about trading and trading systems. You cannot trade TMS 5-Method in any timeframes.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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