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Trading Made Simple

  • #110,341
  • Edited 3:06pm Oct 31, 2020 2:49pm | Edited 3:06pm
Quoting foxali300
{quote} Oh it is Indicator too
NO! not another Indicator.

its an expert advisor EA to manage your trades.

It does not trade for you which are different type of EA commonly known as auto-trading robots.
We are TMS traders and we follow our own rules-based discretionary to open their trades.

Someone is very confused with the acronym EA.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,342
  • Oct 31, 2020 3:25pm Oct 31, 2020 3:25pm
Quoting wnabo
I am very protectful of all our members. We don't have a stressful thread... no name calling allowed. I'll delete anyone who starts any problems. If you have a problem PM me and don't post it. If your not happy... please move on quietly. I'd do the same for you. You want Stress Free learning... come join us... Big E wanted this to be a thread for stress free learning. For a long time now it has become a forum for arguing, mocking , competing (ideas / influence), outright tearing down of anybody that does not agree with one. What has this got to...
Hello wnabo

Have not heard from you for 5 years. Trust that all is well with you and your family.

There must be a lot of experience gained over the 5 years and you would have developed your own trading style with the OP' 5-Method.
With your work commitments it make more sense to be trading the Daily charts and develop your own trading systems to trade in different market types and with your own money management strategy to generate another income stream as supplement to your working career.

We should all make good use of our time during this current pandemic and learn more new things about trading the different markets. The world has changed and it will be new norm soon even when we get the vaccine available to all.

Mankind will defeat this nasty virus and the next and the next.... it just take time.

Trade Well and Trade Safe. Stay Safe!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,343
  • Oct 31, 2020 4:09pm Oct 31, 2020 4:09pm
Trade Report October 2020 Trading H1 and M15

- Asian Session (Sydney and Tokyo Open hours)
- London Session

- using THV CaveManager to manage trades

Attached Image (click to enlarge)
Click to Enlarge Name: Trade Report Oct 2020 H1 1-11-2020 7-06-11 am.png Size: 46 KB


Edit:

I use TMS Monitor and TMS_V19 for trade setups conditions alerts. This way I do not have to check all my trading charts all the time. I can place my trades using my Android mobile while I am outside away from my home PC.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,344
  • Oct 31, 2020 4:32pm Oct 31, 2020 4:32pm
Quoting emmanuel7788
{quote} Pandemic update: BJ announced four-weeks lockdown in England. I will be extremely cautious day trading next week. To all my UK friends, stay safe!
Ok how about audjyp emma
Attached Image (click to enlarge)
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  • #110,345
  • Oct 31, 2020 5:18pm Oct 31, 2020 5:18pm
Quoting foxali300
{quote} Ok how about audjyp emma {image}

wait for NY Sunday 5PM open

then trade Monday Sydney/Tokyo open hours.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Oct 30 pipware 1-11-2020 8-15-03 am.png Size: 54 KB


Use TMS_V19 for information and alert.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Oct 30 close M15 1-11-2020 8-13-17 am.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,346
  • Oct 31, 2020 6:38pm Oct 31, 2020 6:38pm
Quoting emmanuel7788
{quote} wait for NY Sunday 5PM open then trade Monday Sydney/Tokyo open hours. {image} Use TMS_V19 for information and alert. {image}
Bcoz still i don't know well trading by tdi system better not use TMS_V19 if not important?? About
Not to get confused right??
  • #110,347
  • Oct 31, 2020 7:55pm Oct 31, 2020 7:55pm
Hi im new..need learn more in chat if someone willing to assist..thanks
  • #110,348
  • Edited 9:02am Nov 1, 2020 12:53am | Edited 9:02am
Quoting foxali300
{quote} Bcoz still i don't know well trading by tdi system better not use TMS_V19 if not important?? About Not to get confused right??
better not use TMS_V19 if not important??

Yes, that is right. Better to take this advice
well you don't have to read all the posts. Just the old posts from Post#1 to Post#12,912 that is all what Trading Made Simple is and shall remain for very long time.

Read those posts and take notes. When you finish, you will have your foundation for BigEs 5-method as presented in this thread.

You will see when you read these posts that BigE does not use ANY kind of EA's. In fact, he says do not use them and do not discuss them in this thread.

If you still have training wheels on your bicycle, why do you think you can ride a 1000cc motorcycle?
To free Gazans of Hamas, use whatever it takes.
  • #110,349
  • Nov 1, 2020 12:58am Nov 1, 2020 12:58am
Quoting foxali300
{quote} Bcoz still i don't know well trading by tdi system better not use TMS_V19 if not important?? About Not to get confused right??
About Not to get confused right??

Well, when you read BigE's posts from the beginning, you will see that he says people are getting confused because they are ADDING THINGS to his method. So when you list all of the things that BigE said to use, then read posts by others. you will find SO MANY added indicators, EAs, and other methods that it is no wonder that with all of the confusion the guy who has tried this system for 8 YEARS announced that he FINALLY achieved a 65% success rate--the rate that BigE said is the BEGINNER'S rate!
To free Gazans of Hamas, use whatever it takes.
  • #110,350
  • Nov 1, 2020 1:11am Nov 1, 2020 1:11am
when the market is slow, our system gives us lots of bad trade. we Try to puss ourself beyond the system. How should we handle a slow market and how should we stop trading more after losing a few trades that is the key. July 2020 eurjpy is had hard to trade with any system. I make only a 5% profit after that I test again Now I lose money Just over the trading end of the month to get a 10% profit. Very bad behavioral problem. Overcoming Revenge trading and all other behavioral problem is the key.
How could I overcome the behavioral problems, Any suggestions?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot_2.png Size: 62 KB
MA provides the market's current direction and strength.
  • #110,351
  • Nov 1, 2020 1:22am Nov 1, 2020 1:22am
Quoting foxali300
{quote} Ok how about audjyp emma {image}
What is the rules for a trade to be entered.
1. TDI green is between angle 2/4 > No trade.
2. Stoch does not confirm direction > No trade.
That is it. Walk away.
You want a little bit further conformation look at the bid line:
- Ask yourself: How many bar's are "cut" in half by that bid line?
-- It looks like consolidation. So check higher time frames if it is like that.
Would you still want to place a trade?

Do not look for reasons to place a trade. Look for reasons NOT to place a trade.
That is one way to ensure the trades you do place are cherry picked trades.
  • #110,352
  • Nov 1, 2020 1:36am Nov 1, 2020 1:36am
Quoting Sinuysan
Hi im new..need learn more in chat if someone willing to assist..thanks
You don't say much.
- What do you understand or know already when you look at a chart?
- Are you going to trade with money you can not afford to lose?

- You don't know Forex go to https://www.babypips.com/learn.
- You "think" you know Forex, download BigE full.pdf or start reading from post#1 to post#13 000.
  • #110,353
  • Nov 1, 2020 1:00am Nov 1, 2020 1:00am
Quoting hasib
How could I overcome the behavioral problems, Any suggestions? {image} {image}
Look at the reason why you want to trade.
- Do you need the money to pay the rent?
- Do you enjoy the adrenaline rush when you place a trade?
Those are only two points of many that cause bad trading habit's.
----
Base on what you have posted:
- Why do you set yourself a target of 10% profit to reach. That alone enough reason why you are overtrading.
Remove that "10% target" from your mind and you will remove "overtrading".
- Rather make sure that every trade you place does end in profit.
- Follow the rules of your method and % will look after themself.
  • #110,354
  • Nov 1, 2020 1:06am Nov 1, 2020 1:06am
Quoting hasib
when the market is slow, our system gives us lots of bad trade. we Try to puss ourself beyond the system. How should we handle a slow market and how should we stop trading more after losing a few trades that is the key. July 2020 eurjpy is had hard to trade with any system. I make only a 5% profit after that I test again Now I lose money Just over the trading end of the month to get a 10% profit. Very bad behavioral problem. Overcoming Revenge trading and all other behavioral problem is the key. How could I overcome the behavioral problems, Any...
when the market is slow, our system gives us lots of bad trade.

Sorry, but no, the market does not give us any good or bad trades: Each person makes a trade with another entity, not the market.

It sounds like YOUR specific system produces a greater percentage of bad trades during a "slow market". So why don't you examine the periods of high rate of bad trades and periods of high rate of good trades and find differences in the market? Perhaps there is an indicator that you can use that INDICATES there is something different during the "good" periods and the "bad" periods, and that indicator can then be a filter.

I think that you are already using a TIME filter. That is, I suspect that you determined that for GBP pairs that placing trades according to your system during certain hours before London open and after London close produces a much higher rate of bad trades than for the trades placed between London open and London close.
To free Gazans of Hamas, use whatever it takes.
  • #110,355
  • Nov 1, 2020 1:15am Nov 1, 2020 1:15am
Quoting Tekkies
{quote} Look at the reason why you want to trade. - Do you need the money to pay the rent? - Do you enjoy the adrenaline rush when you place a trade? Those are only two points of many that cause bad trading habit's. ---- Base on what you have posted: - Why do you set yourself a target of 10% profit to reach. That alone enough reason why you are overtrading. Remove that "10% target" from your mind and you will remove "overtrading". - Rather make sure that every trade you place does end in profit. - Follow the rules of your method and % will look...
Follow the rules of your method and % will look after themself.

Unfortunately, that is too simplistic. If you have a poor system, which it seems that most people have, then following your rules 100% is more likely to drain your account than to increase it.

Look at the performance of the ToxicFakeTrader aka emmanuel7788. Look at the posted FAILED ACCOUNTS that resulted from what he THOUGHT was a good system.

Look at his posted success rate after 8 YEARS of dealing with this TMS thread--a whopping 65% success rate! Remember, that is the success rate that BigE said BEGINNER'S should achieve, and that WITHIN 1-2 MONTHS, they will be up to about 80%! But that happens ONLY by following BigE's rules and using BigE's indicators, and NOT ADDING THINGS.

So this 65% success rate after 8 years should serve as a great example of how ADDING THINGS to BigE's method will add to your confusion and hold you back from progressing.
To free Gazans of Hamas, use whatever it takes.
  • #110,356
  • Nov 1, 2020 3:07am Nov 1, 2020 3:07am
Quoting foxali300
{quote} Bcoz still i don't know well trading by tdi system better not use TMS_V19 if not important?? About Not to get confused right??

Of course you are confused because this thread is not a 'tdi system'. In fact the OP mentioned in his post #2617 that he can strip both the Stoch and TDI from his charts and taking clean trades was a breeze to him.

This thread is about the OP' trading journey and about his 5-Method. He traded only H4 and H1 during the more liquid market sessions.

TMS _V19 is a tool developed with contributions from a group of active and experienced TMS traders in 2011 and the member seller9 did the MT4 coding.
You won't be able to use the TMS_V19 EA efficiently unless you have mastered the 5-Method and can make discretionary trading decisions based on the information provided by the TMS_V19.

There is a lot of talk about TDI 12-2 and 4-6 angle without good fundament understanding of the price action in post #647.

For example:

Buy condition:
A TDI green line angle 12-1 is better than a 1-2.
A 12-1 angle is useless when the higher timeframe Trend 2/8 is blue colour which signifies sideways market type and the price action is in a consolidation range, and the TDIC1 is red colour which means the TDI green price line is below the red trade signal line.
Both the Stoch and TDI must be above the default 4.0

Sell condition:
A TDI green line angle 5-6 is better than a 4-5.
A 5-6 angle is useless when the higher timeframe Trend 2/8 is blue colour which signifies sideways market type and the price action is in a consolidation range, and the TDIC1 is blue colour which means the TDI green price line is above the red trade signal line.
Both the Stoch and TDI must be above the default 4.0
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,357
  • Nov 1, 2020 3:12am Nov 1, 2020 3:12am
Quoting Sinuysan
Hi im new..need learn more in chat if someone willing to assist..thanks

Hi Sinuysan

Please post here and tell us what more you want to learn after you have READ & STUDY all the OP' posts.

The way to learn fast is to post charts and ask questions here.

If you want more examples, then follow this OP post below :

Quoting eelfranz
Those wanting more examples go to Forum: Commercial, then Craig Harris Stochastics Method... then start reading on page 246, post 3676 to the end... you will learn more fast... We switched from there to only discuss this method in the new forum...
Those wanting more examples go to Forum: Commercial, then Craig Harris Stochastics Method... then start reading on page 246, post 3676 to the end... you will learn more fast... We switched from there to only discuss this method in the new forum...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,358
  • Nov 1, 2020 3:25am Nov 1, 2020 3:25am
Quoting hasib
when the market is slow, our system gives us lots of bad trade. we Try to puss ourself beyond the system. How should we handle a slow market and how should we stop trading more after losing a few trades that is the key. July 2020 eurjpy is had hard to trade with any system. I make only a 5% profit after that I test again Now I lose money Just over the trading end of the month to get a 10% profit. Very bad behavioral problem. Overcoming Revenge trading and all other behavioral problem is the key. How could I overcome the behavioral problems, Any...

What is your definition of 'market is slow'?

I know there are different market types which we can define using for examples volatility and trading range.

Market Types – the first key to Forex system development.

“Expecting the same system to work in all market types is the definition of insanity”

Market type refers to the different stages or states that a market flows through.

Your EURJPY July 2020example is just one of the market type which your system did not perform well. If you have tools to use when you trade you will often see the market changes from trending to sideways. Any trend following system will not perform well in sideways market. When you see the market conditions changed, you need to switch from trading one system to another system that you have developed for that new market type.

https://www.axi.com/au/blog/educatio...x-market-types
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,359
  • Nov 1, 2020 3:41am Nov 1, 2020 3:41am
Quoting Tekkies
{quote} Look at the reason why you want to trade. - Do you need the money to pay the rent? - Do you enjoy the adrenaline rush when you place a trade? Those are only two points of many that cause bad trading habit's. ---- Base on what you have posted: - Why do you set yourself a target of 10% profit to reach. That alone enough reason why you are overtrading. Remove that "10% target" from your mind and you will remove "overtrading". - Rather make sure that every trade you place does end in profit. - Follow the rules of your method and % will look...
tekkies I need 10% profit in a month because I want to pass Prop firm Challange. That is why I am practicing to get a 10% profit in a month.
MA provides the market's current direction and strength.
  • #110,360
  • Nov 1, 2020 3:59am Nov 1, 2020 3:59am
Quoting hasib
{quote} tekkies I need 10% profit in a month because I want to pass Prop firm Challange. That is why I am practicing to get a 10% profit in a month.
10% average per month over 36 months period is a SMART target.
however, those trading challenges/contest does not give you a long enough trading duration/period.

example below of a system test I did today for one member. this covers Jan 2018 to Oct 2020 Daily price data (almost 3 years).
running the same system through the entire period Jan 2018 to Oct 2020 you will see this system did not perform well in narrow range market.

Attached Image (click to enlarge)
Click to Enlarge Name: EU D1 50K.png Size: 16 KB


you need to follow a proven trading methodology and develop three systems using the same trading methodology, each system to trade in different market types. A proven system tested over time will generate a know number of profits measured in R-multiples.

if you want to trade only one single system which is trend following, then you need to look at and trade more than one currency pair because not every pair will trend at the same time during the 36 months cycle.

a trading methodology with no proven track record will doom to fail.

this below is nonsense:
"Follow the rules of your method and % will look after themself."
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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