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Trading Made Simple the right way, and other trading lessons 233 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

Quoting hasib
AS BigE said- Learn to tweek your strategy to stay up with changing market conditions. If we add just a BB in a chart we could have avoided 4 losing trading at list, out of 12 trades in this market conditions. Don't you think those pips will remain your account balance? {image}

Trading the Daily, one of the filter which Big E mentioned was to pick only the candle that are medium size and larger. But he did not say what is 'medium size ' candle and how he determine them.

I know he look at APB/HA candles size.
I also know he has his ADR indicator from CompassFX.
I also know he has another indicator from Dean Malone.
I also know he has an indicator from Lance Beggs price action trading.

He has a lot of stuff which he tested and used in those 3 to 5 years.

You can pick up some of the stuff from studying all his charts. Some were written without charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting hasib
As a TMS Trader how many trades you will open in this chart. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: hasib GBPUSD Daily chart.png Size: 258 KB


For that same period on your chart, covering Aug 01 to Oct 31,

I have 44 buy trades closed trading my Daily system strategy with TMS_Evo IX.


Attached Image (click to enlarge)
Click to Enlarge Name: TMSr Daily TF trades Aug 01 to Oct 31 7-11-2020 8-11-56 am.png Size: 16 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} EURUSD Nov 06 LO2 I check my bigger picture there is PPA and RN 1.1850, the smart money will setup many novice traders today {image}
emmanuel7788

Yes,you are correct.Your Projection was worked & I have to practice more & more to think like you.No one can fight with the experience & the confidence.I took EURAUD H1 trade instead of that & got +50pip.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD H1- 06-11-2020.png Size: 39 KB

Below are my last week Trades on EURAUD H1.I have been learning phx62 h1 method since last month & Still only try to trade on London open.I have limited time to trade because of my JOB.
Attached Image (click to enlarge)
Click to Enlarge Name: Last week.png Size: 46 KB
Helanka
Quoting emmanuel7788
{quote} {image} For that same period on your chart, covering Aug 01 to Oct 31, I have 44 buy trades closed trading my Daily system strategy with TMS_Evo IX. {image}
how did you profit from this flat market where tms performed badly.
It is clear that you have some improvement over TMS.
Commitment & proper education will make you profitable
Quoting hasib
{quote} how did you profit from this flat market where tms performed badly. It is clear that you have some improvement over TMS.
"It is clear that you have some improvement over TMS."

@hasib -- like, maybe, 20 years trading experience -- you think? I doubt this is @emmanuel7788's first rodeo -- but I could be wrong...

Even with @emmanuel7788's herculean effort to provide guidance, does anyone really think all those years of experience can be boiled down and passed along in a simple 3 sentence post with a picture? If you think so, then you're dreaming...

With @emmanuel7788's help you can probably shave-off some of those years so it doesn't take you as long as him, but you won't be trading at his level from simply reading FF posts.
Quoting robots4me
Not that I wish to come between the beautiful relationship between @Tekkies and @emmanuel7788 and introduce yet another indicator into the mix, but for the benefit of @DrDick I'll introduce another indicator into the mix. One of @DrDick's favorites -- fractals. Fractals do not repaint -- but their markings are delayed. That is, their markings appear with a closed bar -- one or two bars older than the current bar. {image} In the screenshot above I show fractals in the main window and TDI in the sub-window. The vertical red line passes through a potential,...
This time I can not agree with you Robot.
Any indicator that plot /change / display information on a closed bar or any close bar, irrespective the intention / design / sloppy coding is a repainting indicator.

- their markings are "delayed" (is just a fancy word for) their markings are "repainted" ............. on historical data.

Repainting indicators always use future data (bars to the right) to come up with values and entry signals. This is how repainting indicators make sure their historical entry and exit signals look extremely accurate and flawless.

In short Robot, Fractals repaint the past because it place information on a closed bar that was not there when the bar was open.
Keep it Simple
Quoting Tekkies
{quote} This time I can not agree with you Robot. Any indicator that plot /change / display information on a closed bar or any close bar, irrespective the intention / design / sloppy coding is a repainting indicator. - their markings are "delayed" (is just a fancy word for) their markings are "repainted" ............. on historical data. Repainting indicators always use future data (bars to the right) to come up with values and entry signals. This is how repainting indicators make sure their historical entry and exit signals look extremely accurate...

The MT4 Fractals indicator does not repaint the past.

Below is EURUSD Daily chart with Fractals. Tell us which bars/candles in the past have the Fractals repainted?

The logic of Bill Williams Fractals is simple and well known. The Fractal bar/candle must have two bars before it and two bars/candles after it. When you see a Fractal bar/candle, you simply need two bars after it to confirm that Fractal.
Nothing complicated with Fractals and you do not need an indicator to show you the highs and lows when you are trading in real-time live markets.

Also confirm by FerruFX { here }

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Daily Fractals Nov 06 closed.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
So here’s your challenge and your assignment: Identify the person you would like to be and then throw yourself into a structured social activity—a role—that requires you to enact those ideals. If you want to be more disciplined, take on a discipline: martial arts, work with a personal trainer, etc. If you want to be more patient and focused, undergo meditation training or work with young children that you care about; if you want to become more socially confident, immerse yourself in public speaking; if you want to trade more aggressively, join a trading room that mirrors the style you want to adopt and actively participate in its discussions. Create the roles that mirror your desired identity; live scripts of your choosing. If you can place yourself in situations where you routinely practice being the person you want to be, you’ll rapidly make that person your own. Change begins with novel experience, but is sustained through repetition.

I was looking at my old threads Trading Made Profitable (TMP) I have found I have applied too many systems too many methods. I am not saying that those systems are bad. I was not following one system regularly. every system has its bad time when we lose some trade with a system we search for a new system that is very very bad practice. I did all this mistake because I don't have any real mentor who can guide me to overcome those stages. I have learned from me and I learn from many places I did not understand that knowledge makes you confused. as a Trader, we have to follow one method consistently. Consistently following a system make you a consistent trader.

The Daily Trading Coach
To be the trader you want to be, consider taking on a student/trainee. When someone is observing you and learning from you, you’ll be on your best behavior. With the teaching script, you’ll access behavior patterns that you would never enact in isolation. Alternatively, take on a peer mentorship role. The social motivation to live up to your best for your trading buddies will enable you to access your best behavior patterns.
Commitment & proper education will make you profitable
Quoting hasib
So here’s your challenge and your assignment: Identify the person you would like to be and then throw yourself into a structured social activity—a role—that requires you to enact those ideals. If you want to be more disciplined, take on a discipline: martial arts, work with a personal trainer, etc. If you want to be more patient and focused, undergo meditation training or work with young children that you care about; if you want to become more socially confident, immerse yourself in public speaking; if you want to trade more aggressively, join a...
I agree with you..find your rule trading
emmanuel7788, please I'm confused I'm using Synergy APB candles please send me your template that's correct Big Ed
Quoting hasib
So here’s your challenge and your assignment: Identify the person you would like to be and then throw yourself into a structured social activity—a role—that requires you to enact those ideals. If you want to be more disciplined, take on a discipline: martial arts, work with a personal trainer, etc. If you want to be more patient and focused, undergo meditation training or work with young children that you care about; if you want to become more socially confident, immerse yourself in public speaking; if you want to trade more aggressively, join a...
Hasib, in a previous post you ask this: "how did you profit from this flat market where tms performed badly."
In this post you answer that question: "every system has its bad time".
Sistem hopping or like you are doing now testing methods is not going to work over a period of time. How long are you going to keep test methods?
Somewhere down the road you are going to encounter a fork in the road:
- Choose one method and stay with it.
- Keep testing and never find peace of mind with your trading results.
As to the rest of your post > There is a saying "birds of a feather flock together"
----
"Identify the person you would like to be."
- Have already identify Whom I like to become and fail everyday miserably.
Keep it Simple
Quoting kaca33
emmanuel7788, please I'm confused I'm using Synergy APB candles please send me your template that's correct Big Ed

follow link to post #25
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting hasib
{quote} how did you profit from this flat market where tms performed badly. It is clear that you have some improvement over TMS.

I did not have to make any kind of improvement to TMS. I developed different systems to trade in different forex Market Types. When Brexit happened I was prepared with a plan to trade 2018 to 2020.

Start with following the OP Big E posts and advice for example,

Post #281

make the transition to trade the 4hr and Daily

then Post #2617

strip the Stoch and TDI from your chart and ...
Follow simple rules for entries and exits

Be systems thinking when you start your trading system development. Unfortunately you don't find any member who can contribute in this thread. I did share some resources and also given them out free-of-charge to 20+1 members in here years ago. After that I have more haters who come here and spin stories every week. Now I simply trade my systems and post my results to motivate you all to work harder.

Develop your own winning trading systems that fits you. Incorporate your own Money Management and Risk Management strategies in each of your systems. Develop Mental Strategies with mentor(s) who you can trade together with and guiding you for 2 to 3 years.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Tekkies
{quote} This time I can not agree with you Robot. Any indicator that plot /change / display information on a closed bar or any close bar, irrespective the intention / design / sloppy coding is a repainting indicator. - their markings are "delayed" (is just a fancy word for) their markings are "repainted" ............. on historical data. Repainting indicators always use future data (bars to the right) to come up with values and entry signals. This is how repainting indicators make sure their historical entry and exit signals look extremely accurate...
@Tekkies -- it's not a matter of whether you agree with me or not. If you can't get your head around the difference then you are free to interpret "repaint" and "delayed" however you want. But in both the English language and in algebra they are totally different and unrelated.

Indicators are algebra -- they are mathematical formulas. They perform computations according to rules. Indicator / algebraic formulas that lead to repainted markings use recent data and go back in time to perform their computations. It's not magic. If you could read source code then you could see where the code does that.

Delayed markings are different. A fractal pattern requires a minimum of 3 closed bars. If after 3 closed bars a fractal pattern exists then a marking is placed over the center one. This is the way it's coded. The fractal algorithm does not go back in time. It simply has to wait until the most recent 3 closed bars form a particular pattern.

When an indicator repaints you can see that a marking at a particular timestamp sometimes changes. On the other hand, you wouldn't see that with a fractal indicator. Fractal markings do not change as new data arrives.

Being wrong about fractals can have deleterious effects on your trading and proclaiming they repaint further pollutes our shared trading knowledge base. For example -- someone might choose to always avoid fractal-based indictors because they read somewhere on the Internet they "repaint". And they might miss out on a gem. Lot's of traders incorporate fractals in their trading -- and they aren't necessarily all dumbies...
You lot aren’t still trying to trade this bullshite after ALL these years surely?
still chasing rainbows.
Fiat is doomed, end game, game over.
such a waste of life.
Try the Amazing Strategy and you will ‘win’ at whatever it is you think you can ‘win’ at.
The greatest con pulled against all of mankind.
Quoting robots4me
{quote} @Tekkies -- it's not a matter of whether you agree with me or not. If you can't get your head around the difference then you are free to interpret "repaint" and "delayed" however you want. But in both the English language and in algebra they are totally different and unrelated. Indicators are algebra -- they are mathematical formulas. They perform computations according to rules. Indicator / algebraic formulas that lead to repainted markings use recent data and go back in time to perform their computations. It's not magic. If you could read...
True that fractal does not go back in time, they use future data to repaint the past.
In this case, any arrow that fractal place on a closed bar is changing the past.
> Bar close == no arrow, next bar open suddenly old bar has an arrow that was not there xxx minutes ago.
That makes it a repainting indicator because it repaint / add / replace the past with new information.

As for dumbies: That "someone" need to understand what is meant by "repainting".
The same happened with TDI. Someone screamed "repaint" and doomed TDI into non-existence and as you mentioned "And they might miss out on a gem"
Keep it Simple
Quoting robots4me
{quote} @emmanuel7788 -- there is something fishy about our new "friend" @ivan9578. He joined on July 25, 2020 and the first thing he does is subscribe to @DrDick's thread and start trashing you here and on your other thread. There are over 40,000 threads on FF -- what are the odds? Me thinks @DrDick may have a twin brother who speaks Pigeon English. If someone is willing to stoop so low to call themself a fake doctor, what else might they fake? Hmmmmmm.... If I keep responding to @DrDick and @ivan9578 do you think it will keep @DrDick doubly busy?...
I have seen something like this on another thread. It's as if someone is hacking in to others accounts. Thread went from sensible to drivel overnight.
Quoting Tekkies
{quote} True that fractal does not go back in time, they use future data to repaint the past. In this case, any arrow that fractal place on a closed bar is changing the past. > Bar close == no arrow, next bar open suddenly old bar has an arrow that was not there xxx minutes ago. That makes it a repainting indicator because it repaint / add / replace the past with new information. As for dumbies: That "someone" need to understand what is meant by "repainting". The same happened with TDI. Someone screamed "repaint" and doomed TDI into non-existence...
@Tekkies -- as you say, TDI does not repaint. And it is a shame that someone claimed that it did. Just as @DrDick claimed fractals repaint.

The "Re" in "Repaint" means that something changed. In the case of an indicator it means that a marking over a bar changes as new data arrives. When you paint a wall the first time you say you "painted" the wall. If you later change the color you say you "repainted" the wall.

Fractals markings do not change. Once a fractal marking appears over a bar it is carved in stone -- for eternity. That is not the case for a repainting indicator. In the case of a repainting indicator its markings are not carved in stone and can come and go many times.

I'm done with this. I only pursued it to embarrass @DrDick and expose him as a charlatan. I really don't care whether anyone believes any indicator repaints or relaxes or reflects or reverses or ... Some people believe the earth is flat -- so, what can you do? Not much...
Quoting nunrgguy
You lot aren’t still trying to trade this bullshite after ALL these years surely? still chasing rainbows. Fiat is doomed, end game, game over. such a waste of life. Try the Amazing Strategy and you will ‘win’ at whatever it is you think you can ‘win’ at. The greatest con pulled against all of mankind.
Seeing that member's consider this thread as a dumping ground, please guide us hopeless traders how to use this miricaly "Amazing Strategy".
Keep it Simple
Quoting robots4me
{quote} @Tekkies -- as you say, TDI does not repaint. And it is a shame that someone claimed that it did. Just as @DrDick claimed fractals repaint. The "Re" in "Repaint" means that something changed. In the case of an indicator it means that a marking over a bar changes as new data arrives. Fractals markings do not change. Once a fractal marking appears over a bar it is carved in stone -- for eternity. That is not the case for a repainting indicator. In the case of a repainting indicator its markings are not carved in stone and can come and go many...
Only this: Post 11,690
Keep it Simple
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