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Trading Made Simple

  • #112,481
  • Dec 7, 2020 6:03am Dec 7, 2020 6:03am
Quoting Tekkies
{quote} > trading leverage 1:25 Even better, can make a lot of mistakes and not harm the account to much. The trader use the leverage he is comfortable to trade with. > Real money is real money whether it is ten cent or ten thousand dollars > same market conditions One trader trade EURUSD in the North Pool, all other traders all over the world that trade EURUSD trade the same conditions. Any event that affects USD or EUR will produce the same results in every trader's account depending on the order placed. > one Live account, no Demo account Myne...
hey Tekkies

you are avoiding this below:

@Tekkies


I am waiting for you to confirm these 1), 2), 3) and 4) below.

Now, again I ask you:

1) How about effective start date Jan 01, 2021?

2) And include your buddy DrDave.

3) Same deposit USD 10,000 standard account 1:25 leverage.

4) ****Please post your other conditions for all to see.****

Anyone can invite all other members to this new -
Verbal diarrhea matches trading skills?

https://www.forexfactory.com/thread/...trading-skills

and we

We follow the OP Big E example { here }

“
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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,482
  • Dec 7, 2020 6:11am Dec 7, 2020 6:11am
Quoting Tekkies
{quote} > trading leverage 1:25 Even better, can make a lot of mistakes and not harm the account to much. The trader use the leverage he is comfortable to trade with. > Real money is real money whether it is ten cent or ten thousand dollars > same market conditions One trader trade EURUSD in the North Pool, all other traders all over the world that trade EURUSD trade the same conditions. Any event that affects USD or EUR will produce the same results in every trader's account depending on the order placed. > one Live account, no Demo account Myne...

hey Tekkies

Your TE Account was opened on Jan 04, 2018

and now you have Dec0 05 2020 as start date.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE Trade Report.png Size: 145 KB



What happened to those trades in Jan to Dec 2018?

Why did your remove your TE in Mar 2018?

My TE 2018 was for the full 12 months in 2018 { here }

How can we trust you now?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,483
  • Dec 7, 2020 6:37am Dec 7, 2020 6:37am
Quoting emmanuel7788
{quote} hey Tekkies Your TE Account was opened on Jan 04, 2018 and now you have Dec0 05 2020 as start date. {image} What happened to those trades in Jan to Dec 2018? Why did your remove your TE in Mar 2018? My TE 2018 was for the full 12 months in 2018 { here } How can we trust you now?
Why do you always look at what I did?
----
Currently your profile has no TE. The same goes to you as well:
> Why did you remove your TE from your profile.
> How can we trust you now?
====
Post 112,483 > Cut the crap Emmanuel, link a TE to the charts you post in forexfactory.
  • #112,484
  • Dec 7, 2020 7:01am Dec 7, 2020 7:01am
Quoting PixelSniper
{quote} A challenge is a challenge, why don't you guys do it and put trade explorers on? Even if it's on demo, If both parts have time and the will, it would be nice. We would also get a chance to see your entry and exit points on the trade map.
Professional traders will not west their own time trading demo account. There is an opportunity cost trading demo account.
MA provides the market's current direction and strength.
  • #112,485
  • Dec 7, 2020 8:45am Dec 7, 2020 8:45am
Just add another position to the winner. Trying to learn how to add positions. I know adding to the winner requires a lot of knowledge, Trying to learn it. Let's see how it goes.
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MA provides the market's current direction and strength.
  • #112,486
  • Dec 7, 2020 8:47am Dec 7, 2020 8:47am
Quoting hasib
{quote} Professional traders will not west their own time trading demo account. There is an opportunity cost trading demo account.

I don't think it's true, you can't go straight ahead and test an agressive scalping / pyramid scheme trading strategy right on the live account.
Even the top skilled bank traders do back testing and demo testing, especially on python.
I know one that made a %4651 return in a month on a live account after he demo tested for a month, so i'm sure i know what i'm talking about.
  • #112,487
  • Dec 7, 2020 8:59am Dec 7, 2020 8:59am
Quoting PixelSniper
{quote} I don't think it's true, you can't go straight ahead and test an agressive scalping / pyramid scheme trading strategy right on the live account. Even the top skilled bank traders do back testing and demo testing, especially on python. I know one that made a %4651 return in a month on a live account after he demo tested for a month, so i'm sure i know what i'm talking about.
Oh, so you're saying that it might be a good idea for medical students to practice their surgical skills on cadavers rather than going directly from textbook to live patient?
To free Gazans of Hamas, use whatever it takes.
  • #112,488
  • Dec 7, 2020 9:03am Dec 7, 2020 9:03am
Quoting emmanuel7788
Introduction to Trading Made System To learn what Trading Made Simple is, you have to follow the trading journey of the OP eelfranz aka Big E. He started as a newbie in 2008. Know the history and you will learn a lot from the OP and when you have mastered the 5-Method, you can then move on and develop your own trading system following how he did his. Many traders have moved on to trade their own systems. Trading Made Simple for beginners : Post#52,707 A short...
i thoroughly enjoyed all the reading material and specially big picture planning process by Emmanual
thanks for sharing,big asset and learning.
  • #112,489
  • Dec 7, 2020 9:05am Dec 7, 2020 9:05am
Quoting DrDave
{quote} Oh, so you're saying that it might be a good idea for medical students to practice their surgical skills on cadavers rather than going directly from textbook to live patient?

I think there is a distinct difference between a medical student and a trader on this topic, traders trade the same market both on demo and live, so they get the same simulation, only difference is the future is different, but the tests are being made on the '' living thing '' already.
  • #112,490
  • Dec 7, 2020 9:06am Dec 7, 2020 9:06am
feeling uncomfortable holding 2 trade. closed both with profit.
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MA provides the market's current direction and strength.
  • #112,491
  • Dec 7, 2020 9:43am Dec 7, 2020 9:43am
Quoting PixelSniper
{quote} I think there is a distinct difference between a medical student and a trader on this topic, traders trade the same market both on demo and live, so they get the same simulation, only difference is the future is different, but the tests are being made on the '' living thing '' already.
Textbooks make wonderful backtesting, you can always go and read them again when things don't go sowell with the "living thing".
  • #112,492
  • Dec 7, 2020 9:49am Dec 7, 2020 9:49am
Quoting hasib
feeling uncomfortable holding 2 trade. closed both with profit. {image}
> Stop doing it.
> Keep doing it because you made ekstra profit?
What do you think Hasib?
How are you going to remove the discomfort from trading multiple trades?
What are your options?
  • #112,493
  • Dec 7, 2020 10:11am Dec 7, 2020 10:11am
Hello to all.

Today i took 2 bad trades , maybe the worst since i am following this strategy

1st is SHORT on EUR/CAD where is the yellow vertical line. the mistake which i found in this position was that the cross was not with good angle and mostly in was under level of 32 on the TDI. on 4h chart it was clear downtrend . Can you help me to find some other mistakes so that i don't repeat it again ?

2nd is LONG on USDJPY. i took it on the beginning of the candle with vertical yellow line . mistakes : previous 2 candles was not exactly what we should we looking to enter in the trade ( not clear direction ) , it was looking that it will be a bounce on TDI but finally it was a cross after this candle , Stoch was not exactly with the same direction of my position . 4h chart was showing also a good uptrend.

So this are the mistakes which i found in my trades. I hope that you can find something which i miss and tell me, so that i will not repeat the same mistakes again.

Thank you in advance !
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  • #112,494
  • Dec 7, 2020 10:56am Dec 7, 2020 10:56am
Quoting toti1985
Hello to all. Today i took 2 bad trades , maybe the worst since i am following this strategy 1st is SHORT on EUR/CAD where is the yellow vertical line. the mistake which i found in this position was that the cross was not with good angle and mostly in was under level of 32 on the TDI. on 4h chart it was clear downtrend . Can you help me to find some other mistakes so that i don't repeat it again ? 2nd is LONG on USDJPY. i took it on the beginning of the candle with vertical yellow line . mistakes : previous 2 candles was not exactly what we should...
Well i don't even use this indicator but look at that, it literally replicates the chart, no wonder it's so popular amongst the traders..
I don't think your initial entries were bad but, there were breakout setups, easy ones, and they were played today... so it affects the whole market ofc.
  • #112,495
  • Dec 7, 2020 11:20am Dec 7, 2020 11:20am
Quoting PixelSniper
{quote} I think there is a distinct difference between a medical student and a trader on this topic, traders trade the same market both on demo and live, so they get the same simulation, only difference is the future is different, but the tests are being made on the '' living thing '' already.
traders trade the same market both on demo and live,
That is not quite correct. It is well established that some brokers use a different feed for the demo and live accounts as well as give lower priority to processing transactions on demo compared to live accounts. Some also have different slippage applied.
To free Gazans of Hamas, use whatever it takes.
  • #112,496
  • Dec 7, 2020 11:26am Dec 7, 2020 11:26am
Quoting toti1985
Hello to all. Today i took 2 bad trades , maybe the worst since i am following this strategy 1st is SHORT on EUR/CAD where is the yellow vertical line. the mistake which i found in this position was that the cross was not with good angle and mostly in was under level of 32 on the TDI. on 4h chart it was clear downtrend . Can you help me to find some other mistakes so that i don't repeat it again ? 2nd is LONG on USDJPY. i took it on the beginning of the candle with vertical yellow line . mistakes : previous 2 candles was not exactly what we should...
Please read "TDI cross.pdf"
Make a checklist with the point's in post#647 and use that checklist before entering a trade.
EURCAD
Angle is fine > below 2
Stoch confirm direction.
Left at 30 Nov there is a blue dotted line, price brounce against it, 4 Dec second blue line again price bounce it. Couple of bars later you place a trade against that blue line.
> So why do did you ignore that support level.
Trade away from the 68/32 level, you place a sell right on to of 32 level
BigE full.pdf: post#4742 ....... I Love to take trades from the 68 short or the 32 long.... seems like a higher percentage of success.
#7593 .... how close to s/r, 68 coming down or 32 going up....

USDJPY
Got suckered by TDI?
Entry against TDI setup.
Stoch did not confirm direction
#115..... A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side)
Look at those long wicks top of the blue bars left of your entry > indication seller's are coming in strong.
Some small blue bar's as well.
There is a resistance line / zone around about 104.245. One blue bar broke it and the other blue bars made wicks away from that level.
  • #112,497
  • Dec 7, 2020 11:32am Dec 7, 2020 11:32am
Quoting PixelSniper
{quote} Well i don't even use this indicator but look at that, it literally replicates the chart, no wonder it's so popular amongst the traders.. I don't think your initial entries were bad but, there were breakout setups, easy ones, and they were played today... so it affects the whole market ofc.
If you would have read the entire thread and/or understand what the TDI actually is, then you would also understand that the green line does a good job of tracking the price bars and the ema5 does a good job of tacking the red line. Then it should come as no revelation at all that price bars crossing the ema5 is approximately the green cross red.
To free Gazans of Hamas, use whatever it takes.
  • #112,498
  • Dec 7, 2020 1:11pm Dec 7, 2020 1:11pm
Hi EM
You know it's an old strategy, Is This strategy still work. I took a trade close with little profit. Since the Market is quiet I dare to open trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 46 KB
MA provides the market's current direction and strength.
  • #112,499
  • Dec 7, 2020 1:47pm Dec 7, 2020 1:47pm
Quoting Tekkies
{quote} Please read "TDI cross.pdf" Make a checklist with the point's in post#647 and use that checklist before entering a trade. EURCAD Angle is fine > below 2 Stoch confirm direction. Left at 30 Nov there is a blue dotted line, price brounce against it, 4 Dec second blue line again price bounce it. Couple of bars later you place a trade against that blue line. > So why do did you ignore that support level. Trade away from the 68/32 level, you place a sell right on to of 32 level BigE full.pdf: post#4742 ....... I Love to take trades from the 68...
Hello and thank you for the answer. Just to clear that the blue dot lines are the open price of the current day
  • #112,500
  • Dec 7, 2020 4:27pm Dec 7, 2020 4:27pm
Quoting toti1985
Hello to all. Today i took 2 bad trades , maybe the worst since i am following this strategy 1st is SHORT on EUR/CAD where is the yellow vertical line. the mistake which i found in this position was that the cross was not with good angle and mostly in was under level of 32 on the TDI. on 4h chart it was clear downtrend . Can you help me to find some other mistakes so that i don't repeat it again ? 2nd is LONG on USDJPY. i took it on the beginning of the candle with vertical yellow line . mistakes : previous 2 candles was not exactly what...
Hi toti1985

you won't know if the trades are good or bad until you see their outcome.

what is more important is that you follow your trade plan for the day.

question is what was your trade plans for EURCAD and USDJPY.
did you plan to sell H1 only?
what are the reasons in your trade plan to sell only?
normally when I daytrade H1, I can have two plans - Plan A sell, Plan B buy, and sometimes a Plan C just in case Plan A and B fails.

I have ICMarkets as one of my broker so I see the same price like your charts.

Before you want to trade with the TDI, you must have in your trade plans a very thorough top down analyses of all the paris in your market watchlist.
Doing top down using Big E' Post#647 as a guide is always a good approach.

- I always pay attention to previous price action (look to the left of your charts) and

- pay attention to price behaviour around price Round Numbers 20, 50, 70, and Big Round Number 00

- look at the high-low of previous big HA candles, check their bar high-low for Mother Bar/Inside Bars, MasterCandle with smaller bars ... these are the most often CONSOLIDATION we see on TMS charts.

- look at the Day Open of all previous recent days and study the price behaviour just after Tokyo lunch hour... 2 hours before Frankfurt open.

- take note of the Asian session high/low when Frankfurt Open, London Open ...
- when London opens, Tokyo is in its closing hour and this very tricky because you won't know the where are buyers/sellers and the market liquidity flows between markets. Trading at the hour when market sessions transition, you have to be the sniper type trader, one shot one kill and do not shoot at moving targets, and I would reduce my trade lot size risk.

- you mention the 4h chart, this is where I put a lot more weight when I make my trade planning and intraday trade decision.
4h chart with Weekly and Daily is all I need with TMS_V19 and my information chart.

- lastly, the TDI used by Big E is good but use it only in realtime live chart data, never use that for reviewing old charts because the TDI lines are all repainted is history. Or you can consider to use the @TMSTDI_WtachDog (2011) by member plamendp which many traders use.

> Price Action, Price Action, Price Action that is what Post#647 is about when trading RSI green price line

Attached Image (click to enlarge)
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Trade Well

Edit: look up plamendp profile and his posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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