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Trading Made Simple

  • #111,781
  • Nov 25, 2020 4:43am Nov 25, 2020 4:43am
Quoting toti1985
{quote} as i see it TDI have a good angle , Stoch also is in the same direction , previous candle is small. it is in area of Resistance . i think the check list which should i make for every trade is full. I use only the original template of Big E.
Quoting emmanuel7788
{quote} important checklist to be written using Post#261 basic 5-Method trade setup conditions checklist and Post#647 as your daily trade plan checklist and your pre-check before you pull the trigger. below is my TMS_V19 information and alerts, the PA is a Master Candle consolidation and the setup you took was a Bearish Engulfing Outside Bar. the RSI green price line data you can see in the TMSTDIWatchDog Prev Slope 7.0 (the small bar/candle before the BEOB) Curr Slope 6.3 (the BEOB) as I mentioned there are risks and it is up to you to see those...

GBPJPY Nov 25 update:

While watching the H4 price pulling back , I see new signals on H1 and M15

I scalp the M15

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,782
  • Nov 25, 2020 4:47am Nov 25, 2020 4:47am
Quoting hasib
{quote} Yes, I will start the Funded trader challenge. I am just preparing myself. I Have some problem when comes to trading. some times I get a little crazy and I open too many trades one single signal. especially happens when I lose money. Not always but from time to time I do this kind of stupid behavior. I have to stop it, it is my number one problem. Because of this, I destroy all the winning trades. I have to create a checklist to stop it and I have to have a trade management system that will manage my trade so that I could focus on the overall...

what is your starting account deposit for the FTMO challenge?

which currency pairs are you trading?

what type of trades - scalping M5 or M15, day trading H1 , or swing trading H4 and D1?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,783
  • Nov 25, 2020 4:50am Nov 25, 2020 4:50am
Quoting emmanuel7788
{quote} {quote} GBPJPY Nov 25 update: While watching the H4 price pulling back , I see new signals on H1 and M15 I scalp the M15 {image}

GBPJPY Nov 25

- so far several M15 scalping trades.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,784
  • Nov 25, 2020 4:50am Nov 25, 2020 4:50am
Quoting emmanuel7788
{quote} {quote} GBPJPY Nov 25 update: While watching the H4 price pulling back , I see new signals on H1 and M15 I scalp the M15 {image}
on which post i can find this indicator and some explanation to use it ? as i see it is a lot of information on it so that i can understand the idea .
as i understand only with the original template from Big E it is not so easy to trade ? i should some more indi for the confirmation . Am i right Emmanuel ?
  • #111,785
  • Nov 25, 2020 4:50am Nov 25, 2020 4:50am
Quoting hasib
{quote} Yes, I will start the Funded trader challenge. I am just preparing myself. I Have some problem when comes to trading. some times I get a little crazy and I open too many trades one single signal. especially happens when I lose money. Not always but from time to time I do this kind of stupid behavior. I have to stop it, it is my number one problem. Because of this, I destroy all the winning trades. I have to create a checklist to stop it and I have to have a trade management system that will manage my trade so that I could focus on the overall...
I suggest you practice a couple months more before heading for challenge. If you identify psychology as the biggest enemy then you can open a small live account and trade real money until end of next Jan.

Prop firm challenges are really tough for one’s will power. I have watched quite a number of sharing (from experts and successful funded traders) saying that those challenges and managing a funded account afterwards is extra stressful. If you are making mistakes under pressure now you are 100% sure to make worse mistakes. Remember the rules like max DD are there forever from challenge to funded account. One mistake breaking the rules you lose everything. TBH it is also one of my plans to get such account, but I am planning for at least mid 2021 to get myself prepared, mostly mentally.

End of year and Jan are filled with holidays and market sometimes make weird moves. Does not hurt if wait for 2-3 more months right?

anyway, good luck!
  • #111,786
  • Nov 25, 2020 4:56am Nov 25, 2020 4:56am
Quoting emmanuel7788
{quote} what is your starting account deposit for the FTMO challenge? which currency pairs are you trading? what type of trades - scalping M5 or M15, day trading H1 , or swing trading H4 and D1?
I will start with a small 10K. Since Challenge is Making 10% for the first month. Short time to make a 10% profit I have to focus on Day trading. I will trade 5 Minute to 4H chart. whichever chart gives me a nice setup and depending on the market conditions. I will try to not lose 2 % in a day. Look at their website and you can try it too. You can choose a 100k Challenge. Profit-sharing is a good brother.
MA provides the market's current direction and strength.
  • #111,787
  • Nov 25, 2020 4:58am Nov 25, 2020 4:58am
Quoting hasib
{quote} I will start with a small 10K. Since Challenge is Making 10% for the first month. Short time to make a 10% profit I have to focus on Day trading. I will trade 5 Minute to 4H chart. whichever chart gives me a nice setup and depending on the market conditions. I will try to not lose 2 % in a day. Look at their website and you can try it too. You can choose a 100k Chanalge. Profit-sharing is a good brother.

what is the account type and leverage?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,788
  • Nov 25, 2020 5:32am Nov 25, 2020 5:32am
Quoting emmanuel7788
{quote} {quote} GBPJPY Nov 25 update: While watching the H4 price pulling back , I see new signals on H1 and M15 I scalp the M15 {image}

GBPJPY Nov 25

NY Open

- waiting for a H1 swing low REVERSAL

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,789
  • Nov 25, 2020 6:05am Nov 25, 2020 6:05am


Today session:
Gbp Usd, worked for me today!

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God bless everyone!

Green pips to everybody!
The only impartial feeling is love. It is also the only feeling of God.
  • #111,790
  • Nov 25, 2020 6:45am Nov 25, 2020 6:45am
Demo account:

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God bless!
The only impartial feeling is love. It is also the only feeling of God.
  • #111,791
  • Nov 25, 2020 6:58am Nov 25, 2020 6:58am
Quoting emmanuel7788
{quote} what is the account type and leverage?
visit the website.

https://ftmo.com/en/

I select what plan I am going to take. in Picture
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MA provides the market's current direction and strength.
  • #111,792
  • Nov 25, 2020 7:04am Nov 25, 2020 7:04am
Optimal trading management is a challenge.

Should I use 2 ATR stop.
all GU trade few trades hit sl that is way Profit was not that big. If I could avoid that loss today could be a very good day.
I am happy because make a profit.
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MA provides the market's current direction and strength.
  • #111,793
  • Nov 25, 2020 7:06am Nov 25, 2020 7:06am
Quoting LvMMT
Today session: Gbp Usd, worked for me today! {image}{image} {image} God bless everyone! Green pips to everybody!
Did you use tms ea or manual trade.
MA provides the market's current direction and strength.
  • #111,794
  • Nov 25, 2020 7:09am Nov 25, 2020 7:09am
Quoting hasib
{quote} Did you use tms ea or manual trade.
Hi hasib,

Manual only, for the moment.

God bless!
The only impartial feeling is love. It is also the only feeling of God.
  • #111,795
  • Nov 25, 2020 7:37am Nov 25, 2020 7:37am
For those that wish to believe the FF does not take copyright violations seriously, head over to this binned thread.
And be sure to read post #1 to find this

{ copyrighted attachments deleted by staff }

Perhaps the copyright holder needs to make a complaint for the FF staff to act?

Hey everybody. Did you happen to catch the posts that show emmanuel7788 with US copyright violations? If yes, were you part of this illegal activity? If not, what do you think about people that willfully violate copyright law? Do you think that is not only illegal activity but deceitful and immoral as well? Or do you think that as long as it is EM--ANU--EL (WITH--US--(IS) GOD), then it is justified? Because as you can see, SwingMans's thread was binned by FF staff for copyright infringement.

I'm just trying to figure out where folks that read this thread draw the line on what they will accept as ethical, even when it means breaking the law, and what isn't. Or maybe you have no line?

Look familiar?
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To free Gazans of Hamas, use whatever it takes.
  • #111,796
  • Nov 25, 2020 7:44am Nov 25, 2020 7:44am
I could not resist taking this trade. This the last trade of the day.
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MA provides the market's current direction and strength.
  • #111,797
  • Nov 25, 2020 7:49am Nov 25, 2020 7:49am
Quoting tommydoginti
{quote} I suggest you practice a couple months more before heading for challenge. If you identify psychology as the biggest enemy then you can open a small live account and trade real money until end of next Jan. Prop firm challenges are really tough for one’s will power. I have watched quite a number of sharing (from experts and successful funded traders) saying that those challenges and managing a funded account afterwards is extra stressful. If you are making mistakes under pressure now you are 100% sure to make worse mistakes. Remember the rules...
@tommydoginti -- what you say is true, but with one clarification. If you break a rule it just means that account is closed and you have to start over with the challenge and verification -- you don't actually "lose" anything. Well, you lose time and the few hundred dollars to retake the challenge -- but only if you wish to do so. On the other hand, if you survive a couple of months then you've probably made way more.
  • #111,798
  • Nov 25, 2020 8:24am Nov 25, 2020 8:24am
Quoting robots4me
{quote} @tommydoginti -- what you say is true, but with one clarification. If you break a rule it just means that account is closed and you have to start over with the challenge and verification -- you don't actually "lose" anything. Well, you lose time and the few hundred dollars to retake the challenge -- but only if you wish to do so. On the other hand, if you survive a couple of months then you've probably made way more.
Yes you are correct. It is my consideration of opportunity cost.

statistics from FTMO showed ~1000 traders getting paid of total USD$ 990,000 in Oct, which is <$1000 per person. For smaller acc most likely even less. Not to mention FTMO videos often show some really high payout of >$10000. So I guess the median is somewhere at $500 as a realistic and feasible expectation. I would say 3-5%/mth per acc size

Challenge itself costs ~$170 refundable, so consider $0 if getting funded acc and profit for 1 month. Before that is >1 month of challenge + verification (if going perfectly smooth).... a lot of sunk opportunity cost...

To better justify the cost with reward from funded acc, best is either a long term acc plan or a huge acc or both. And only really consistent and disciplined traders can handle. Otherwise the “hourly rate” would probably worse than working as kitchen hand plus more stress.

okay enough off-topic lets get back to TMS
  • #111,799
  • Edited 10:57am Nov 25, 2020 10:33am | Edited 10:57am
Quoting tommydoginti
{quote} Yes you are correct. It is my consideration of opportunity cost. statistics from FTMO showed ~1000 traders getting paid of total USD$ 990,000 in Oct, which is <$1000 per person. For smaller acc most likely even less. Not to mention FTMO videos often show some really high payout of >$10000. So I guess the median is somewhere at $500 as a realistic and feasible expectation. I would say 3-5%/mth per acc size Challenge itself costs ~$170 refundable, so consider $0 if getting funded acc and profit for 1 month. Before that is >1 month of challenge...
"And only really consistent and disciplined traders can handle."

@tommydoginti -- yes, I definitely agree. And with @emmanuel7788 leading the way to teach us TMS then, hopefully, many of us will get there...
  • #111,800
  • Nov 25, 2020 11:10am Nov 25, 2020 11:10am
Quoting robots4me
{quote} "And only really consistent and disciplined traders can handle." @tommydoginti -- yes, I definitely agree. And with @emmanuel7788 leading the way to teach us TMS then, hopefully, many of us will get there...
im very scared and confused to take the trade,may be im not sure of setup hunting yet,but im getting ideas from Emmanuel's post,but i really would like someone to write up new and fresh rules for entry using MTF and all components of it.
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