Trading Made Simple

You seem like a nice good dude, but don't waste your time with Hasib.

Yes, you are wrong Hasib.
Clearly you have not put a great deal time read BigE's post's and making your own notes.
Read BigE's post's again you will read "at the beginning of that bar. Read post#2, 6, 11, 54 (are only a few of them.)

Many of BigE's chart's have those V-Line on them, do you understand what those V-lines are showing you or not?
Pay attention to again to what is contained in his post's and chart's
-----
Has posted previously such a chart directly to one of your post's, the answer is still the same:
- V-line's (vertical) only show which bar did TDI green crossed red.
- Trendline yellow/blue only show which crossover lead to loss/profit.

Hey hasib

I know you are testing other systems/methods and the way the OP Big E did when he started in 2006 to 2008. He was lucky to have found Dean Malone and Craig Harris at that time and their methods/systems were sort of have same harmony and that worked out for Big E.

But you are adding Williams% and SAR to TMS basic and TMS(r), why?

Let's look at GBPJPY M15 and review what the price action was last week.

price rallied to BRN 140.00 and boom that H4 swing high REVERSAL ... a classic TRUE REVERSAL we all learned in Big E old thread.

Folks,

Big E did not use any TDI which plots vertical lines on his trading charts.

He manually draw vertical lines on his training charts to show his cherry picked trade setups on history. You need to know the difference what he shows in his Training Charts and what are real-time live trades on charts.

Here are some post of his trades examples:

Big E trading M15 examples
#8601
https://www.forexfactory.com/showthr...10#post4800310
#7025
https://www.forexfactory.com/showthr...34#post4750234
#954
https://www.forexfactory.com/showthr...50#post4585950
#956
https://www.forexfactory.com/showthr...85#post4585985
#746
https://www.forexfactory.com/showthr...30#post4582930
#731
https://www.forexfactory.com/showthr...39#post4582839
#701
https://www.forexfactory.com/showthr...53#post4582253

if you want more examples,
https://www.forexfactory.com/showthr...95#post4576995

#4318 (old thread)
https://www.forexfactory.com/showthr...83#post4556583

SwingMan' SMTMMS Trading Made More Simpler is another method.

https://www.forexfactory.com/thread/...e-more-simpler

RobinHood' is Trading Made Simpler

https://www.forexfactory.com/thread/...g-made-simpler

Big E is Trading Made Simple
started here:
https://www.forexfactory.com/thread/...95#post4576995
https://www.forexfactory.com/thread/...hastics-method

None are holy grail.

more....


Daily trade charts examples
#357
https://www.forexfactory.com/showthr...50#post4577150
#283
https://www.forexfactory.com/showthr...96#post4576096
#4171
https://www.forexfactory.com/showthr...11#post4527311
#3850
https://www.forexfactory.com/showthr...23#post4441523
#3679
https://www.forexfactory.com/showthr...85#post4420885
#3573
https://www.forexfactory.com/showthr...29#post4412229

Weekly trade examples
#700
https://www.forexfactory.com/showthr...00#post4582200
#1967
https://www.forexfactory.com/showthr...07#post4605507

Building the Perfect Master Plan
No two trading plans are the same because no two traders are exactly alike. Each approach will reflect important factors like trading style as well as risk tolerance. What are the other essential components of a solid trading plan? Here are 10 that every plan should include:
1. Skill Assessment
Are you ready to trade? Have you tested your system by paper trading it, and do you have confidence that it will work in a live trading environment? Can you follow your signals without hesitation? Trading the markets is a battle of give and take. The real pros are prepared and take profits from the rest of the crowd who, lacking a plan, generally give money away after costly mistakes.
2. Mental Preparation
How do you feel? Did you get enough sleep? Do you feel up to the challenge ahead? If you are not emotionally and psychologically ready to do battle in the market, take the day off—otherwise, you risk losing your shirt. This is almost guaranteed to happen if you are angry, preoccupied, or otherwise distracted from the task at hand.
Many traders have a market mantra they repeat before the day begins to get them ready. Create one that puts you in the trading zone. Additionally, your trading area should be free of distractions. Remember, this is a business and distractions can be costly.
3. Set Risk Level
How much of your portfolio should you risk on one trade? This will depend on your trading style and tolerance for risk. The amount of risk can vary, but should probably range from around 1% to 5% of your portfolio on a given trading day. That means if you lose that amount at any point in the day, you get out of the market and stay out. It's better to take a break, and then fight another day, if things aren't going your way.
4. Set Goals
Before you enter a trade, set realistic profit targets and risk/reward ratios. What is the minimum risk/reward you will accept? Many traders will not take a trade unless the potential profit is at least three times greater than the risk. For example, if your stop loss is $1 per share, your goal should be a $3 per share in profit. Set weekly, monthly, and annual profit goals in dollars or as a percentage of your portfolio, and reassess them regularly.
5. Do Your Homework
Before the market opens, do you check what is going on around the world? Are overseas markets up or down? Are S&P 500 index futures up or down in pre-market? Index futures are a good way of gauging the mood before the market opens because futures contracts trade day and night.
What are the economic or earnings data that are due out and when? Post a list on the wall in front of you and decide whether you want to trade ahead of an important report. For most traders, it is better to wait until the report is released rather than taking unnecessary risks associated with trading during the volatile reactions to reports. Pros trade based on probabilities. They don't gamble. Trading ahead of an important report is often a gamble because it is impossible to know how markets will react.
6. Trade Preparation
Whatever trading system and program you use, label major and minor support and resistance levels on the charts, set alerts for entry and exit signals and make sure all signals can be easily seen or detected with a clear visual or auditory signal.
7. Set Exit Rules
Most traders make the mistake of concentrating most of their efforts on looking for buy signals, but pay very little attention to when and where to exit. Many traders cannot sell if they are down because they don't want to take a loss. Get over it, learn to accept losses, or you will not make it as a trader. If your stop gets hit, it means you were wrong. Don't take it personally. Professional traders lose more trades than they win, but by managing money and limiting losses, they still make profits.
Before you enter a trade, you should know your exits. There are at least two possible exits for every trade. First, what is your stop loss if the trade goes against you? It must be written down. Mental stops don't count. Second, each trade should have a profit target. Once you get there, sell a portion of your position and you can move your stop loss on the rest of your position to the breakeven point if you wish.
8. Set Entry Rules
This comes after the tips for exit rules for a reason: Exits are far more important than entries. A typical entry rule could be worded like this: "If signal A fires and there is a minimum target at least three times as great as my stop loss and we are at support, then buy X contracts or shares here."
Your system should be complicated enough to be effective, but simple enough to facilitate snap decisions. If you have 20 conditions that must be met and many are subjective, you will find it difficult (if not impossible) to actually make trades. In fact, computers often make better traders than people, which may explain why nearly 50% of all trades that now occur on the New York Stock Exchange are generated by computer programs.
Computers don't have to think or feel good to make a trade. If conditions are met, they enter. When the trade goes the wrong way or hits a profit target, they exit. They don't get angry at the market or feel invincible after making a few good trades. Each decision is based on probabilities, not emotion.
9. Keep Excellent Records
Many experienced and successful traders are also excellent at keeping records. If they win a trade, they want to know exactly why and how. More importantly, they want to know the same when they lose, so they don't repeat unnecessary mistakes. Write down details such as targets, the entry and exit of each trade, the time, support and resistance levels, daily opening range, market open and close for the day, and record comments about why you made the trade as well as the lessons learned.
You should also save your trading records so that you can go back and analyze the profit or loss for a particular system, drawdowns (which are amounts lost per trade using a trading system), average time per trade (which is necessary to calculate trade efficiency), and other important factors. Also, compare these factors to a buy-and-hold strategy. Remember, this is a business and you are the accountant. You want your business to be as successful and profitable as possible.
80%
The percentage of day traders that quit within two years, according to a 2010 paper titled "Do Day Traders Rationally Learn About Their Abilities" by Barber, Lee, Liu, and Odean.
10. Analyze Performance
After each trading day, adding up the profit or loss is secondary to knowing the why and how. Write down your conclusions in your trading journal so you can reference them later. Remember, there will always be losing trades. What you want is a trading plan that wins over the longer term.
The Bottom Line
Successful practice trading does not guarantee that you will find success when you begin trading real money. That's when emotions come into play. But successful practice trading does give the trader confidence in the system they are using, if the system is generating positive results in a practice environment. Deciding on a system is less important than gaining enough skill to make trades without second-guessing or doubting the decision. Confidence is key.
There is no way to guarantee a trade will make money. The trader's chances are based on their skill and system of winning and losing. There is no such thing as winning without losing. Professional traders know before they enter a trade that the odds are in their favor or they wouldn't be there. By letting their profits ride and cutting losses short, a trader may lose some battles, but they will win the war. Most traders and investors do the opposite, which is why they don't consistently make money.
Traders who win consistently treat trading as a business. While there is no guarantee that you will make money, having a plan is crucial if you want to be consistently successful and survive in the trading game.

Excellent article I am reading it now.
https://www.investopedia.com/article.../04/042104.asp

Practice what you preach!

Have your mastered the method?

Look at your own trade here:
#110,956
https://www.forexfactory.com/thread/...2#post13257172

see my comments here: #110,004

https://www.forexfactory.com/thread/...8#post13258678

and learn from this POMO below:

Big E's thread is one of the reasons that push me to have my own trading system. Although, I'm not able to master his method... But I was able to grasp some words of wisdom and bits & pieces on how to look for viable instruments/pairs to trade with.

Below is my hybrid TDI version. How I wish, that Big E is alive today and show this version of mine (on the second chart window). Maybe he would say, "Get that garbage out of here!" hahaha!!! But that's okay, no harm done.

By the way, please don't reply with past quotes from Big E with regards to adding something or modifying his TMS-5 method. I know that already ; )─ ...so stay chill.

Attached Image (click to enlarge)

And yes, I'm not able to read all the posts he did. ─I'm not that hardcore ; )─ Maybe that's the reason why I'm not able to master the TMS-5 method (the original/basic)

Anyway, have a nice weekend! I just posted here because of the page number significance... the "5555"

"Chances favors the prepared mind..."

I just posted here because of the page number significance... the "5555" "Chances favors the prepared mind..."

Do you realize that the page number depends on the setting the member uses for Post Per Threads Page?

Quoting DrDave

Disliked

{quote} I just posted here because of the page number significance... the "5555" "Chances favors the prepared mind..." Do you realize that the page number depends on the setting the member uses for Post Per Threads Page?

Ignored

Never knew or realized about that thingy... until now.

But for me, that is much better... It just meant that this "5555" is for my eyes only ; )─ ...and that makes it even more significant.

Stay positive!

Well, for your eyes and everyone else that uses the default value.

Well... The "5555" is speaking to me... and I know the language it speaks.

Have a nice weekend and trade week ahead DrDave.

@v2vboni -- the default is 20 posts / page, and almost no one bothers to change it. So you made it onto page '5555' for the vast majority of members, which is good fortune for us.

Yes, I never knew it would land me on this page number when I did those changes. I just shared it... Maybe or who knows, I'm just sending the message for others to be postive.

Hi EM. I am just backtesting the RH method. I have added a few New generations indicators in the RH method and tested them. I found no good results with modern indicators. I found SMTMMS Perfforme well, I thought I will found a good indicator than SMTMMS but I couldn't. The more I am observing market with the RH method and RH Sharing material more I like the RH method. I am facing a few problems when the market is move sideway Rh method fails to generate profit but I have observed no matter what indicator I use those conditions generate loss more or less.

As You have suggested me to understand the market Trend and there are various market conditions, with the same system I can't trade all the market conditions. I was Think about it and I have seen a video of Mr. ven Tharp where he describes there are at least 6 market types, I recall I have found the market type concept in a forex price actions course. What I understand from all the market types lessons is that there are 2 types of trend one is a quiet or smooth trending market, another is a Volatile trending market. there are 2 types of sideways market one is the die sideways market one is the volatile sideways market.
I was searching for solutions I think I will found one. I personally found two concepts I will observe how my concepts are working in different markets. Then I will let you know.
Tekkies talks about day trading success. He also said is here is a thread maker who trades successfully M15 chart and shares this thread with us.
Williams%R, SAR X-over 15 minute candles.
I superimpose williams%R strategy in my current method and I told him All strategy generate almost the same types of result. we could get the same signal in our method. From us who can eliminate losing trade from a strategy is become successful.

Thanks, I have learned a new concept form Big E Post 731

what you do with all of this

This is where most of the strategy will generate a loss. have a look at this with your current system.

@hasib -- this is why it is called "discretionary" trading -- i.e. trade at your discretion. You do not HAVE to open a new position if your brain tells you that it doesn't look like a high-probability setup. Listen to your brain. Move on to a different pair. You're making this so much more difficult than necessary -- it is beginning to make my head hurt...