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Trading Made Simple

  • #112,621
  • Dec 8, 2020 8:18am Dec 8, 2020 8:18am
Quoting Tekkies
{quote} Don't trade. EJ is in consolidation. - Look at how many bar's price is cutting in half, or close to price. - Look at how many short term trend EJ had since 3 Des 2020. Can you trade those TDI setups with confidence that you will not lose your shirt?
Thats why i wrote that i will skip this trade. I just want to doule check with your guys if i am on the right way to make my checklist from post #647.
it is better to miss a trade in which you are not sure 100% and dose not meet all of your criteria. maybe it will be again winning trade , but then you will loose next 5 trades maybe. This happens to me all the time with any strategy. I got some good trade which did not meet everything which i should have as checklist and then BOOM , next trades are lost , and i start to wonder why the other 5 times did not work.
That's why as i wrote better miss a trade ( even in the end winning trade ) if you are not taking with full confidence and meet all the rules from your strategy.
I think this is very important part to be successful trader. The bad thing is that i lost many years and money to realize that and still making the same mistakes...
  • #112,622
  • Dec 8, 2020 8:27am Dec 8, 2020 8:27am
Quoting Tekkies
{quote} Valid point's Noors. Please let have a nice civil little debate with out "slander". Why expand the "thoughts and ideas" of BigE in this thread? We don't know which direction BigE would have expanded TMS after xx years for the simple reason we are not BigE. - The current expanding is based on one member's preseptions how it should be. Do you know for sure that expending is in the right direction or not. - Is (for that matter) any expansion required? The thread has 112604 post''s were "knowledgeable" members have either try to expand or try...
Just for open mindedness, or maybe there was more to come from Big E.. some missing pieces, either way you're right we don't know if Emm's expanding is in the right direction or not but I don't think we should focus on that and instead just accept it. If newbies start reading from the start of the thread as they should and read all of Big E's post and they trade the system and fail they will revert back to this thread and keep reading until they find new information and the process will repeat. I say leave it to the people as each journey is their own and take what you can. It would be much better if all the bickering between the lot of ya stopped and instead we all just worked together. I would love to see you and others share your knowledge which ever direction it is rather than going back and forth at each other. You can't hate the guy "Emm" he provides really good trading knowledge that newbies can really benefit from.

I'm sure Big E was wise enough to know that there would be people adding, expanding etc but yet he still shared what he had to offer and now it came to this... so we can keep going on with pointless arguments for entertainment because right now that's what I see between you guys and that is sad OR we can just accept the way things are and keep posting the "good stuff" real time trades, etc.. either way much love to you all and have a great night
  • #112,623
  • Dec 8, 2020 9:12am Dec 8, 2020 9:12am
Quoting toti1985
{quote} Thats why i wrote that i will skip this trade. I just want to doule check with your guys if i am on the right way to make my checklist from post #647. it is better to miss a trade in which you are not sure 100% and dose not meet all of your criteria. maybe it will be again winning trade , but then you will loose next 5 trades maybe. This happens to me all the time with any strategy. I got some good trade which did not meet everything which i should have as checklist and then BOOM , next trades are lost , and i start to wonder why the other...
You post that and still want to double check????

Don't double check with us guys too much.
- Make your own checklist on how you understand post#647.
- Use your checklist to trade the way you want to trade. (not the way we trade)
- Use your trading results to change your checklist by
--- remove / change those point that lead to loss, keep them that lead to profit.
-----
Only, only when you are really stuck with a point, ask then and hope the answer will clarify or show some way out.
  • #112,624
  • Dec 8, 2020 9:20am Dec 8, 2020 9:20am
Quoting emmanuel7788
{quote} and your favourite pair EURUSD is in narrowing range trading. TMS_V19 template has lots of information to interpret Post#647 and taking trades would be a breeze breakout soon ... be patient , wait for the best setup and make money. Big E also did not have the opportunity to learn TMS_V19 in May to Dec 2011, he was very sick and was in and out of hospital. He died without ever learning that Post#647 can be build into an expert advisor. He oculd have contributed more into the development of more trading tools and expert advisors. 3807514
So nice of you to notice that after 13 hours.
-----
The rest of your post:
Wow, did not know that, are they based on facts or your assumptions?
  • #112,625
  • Dec 8, 2020 9:25am Dec 8, 2020 9:25am
Quoting Tekkies
{quote} You post that and still want to double check???? Don't double check with us guys too much. - Make your own checklist on how you understand post#647. - Use your checklist to trade the way you want to trade. (not the way we trade) - Use your trading results to change your checklist by --- remove / change those point that lead to loss, keep them that lead to profit. ----- Only, only when you are really stuck with a point, ask then and hope the answer will clarify or show some way out.
I am stuck and i want to make my checklist correct. Thats why i am asking for opinion if i am making it right .
I thought that this is the idea of the Thread , not to discuss 95% of time who is adding additional indicators , who is lying and all other things which was discussed here maybe in the past months between you,Emmanuel and DrDave. And to be clear that only Emmanuel is trying to help other members with specific information and specific answers on the points from the questions. When you are giving answer is just to write something (nothing specific and correct answer ) and DrDave is repeating like a broker record the same " you are in wrong thread bla bla bla "....
  • #112,626
  • Dec 8, 2020 9:41am Dec 8, 2020 9:41am
Quoting Noors
{quote} Just for open mindedness, or maybe there was more to come from Big E.. some missing pieces, either way you're right we don't know if Emm's expanding is in the right direction or not but I don't think we should focus on that and instead just accept it. If newbies start reading from the start of the thread as they should and read all of Big E's post and they trade the system and fail they will revert back to this thread and keep reading until they find new information and the process will repeat. I say leave it to the people as each journey...
Noors, first part of post is one from a fantasy world.
How many newbies are going to do that which you have posted. They want it all now, gifted wrap in gold on a silver platter.

Rest of post??? Like you say .... either way

Trade save, Noors
  • #112,627
  • Dec 8, 2020 9:44am Dec 8, 2020 9:44am
Quoting Tekkies
{quote} Nice to notice that you mention BigE hated to trade 5min-15min-30min charts. You already posted you trade M15. Which is entirely not BigE's way. That means your Post 112,614 "We follow the OP Big E example" is just another lame excuse not to link a TE to your chart's.
Of course he says one thing but does another. That is part of the confusion delusion that he uses to keep the noobs coming back with questions. Well established behavior of the narcissist. If he said something and then actually followed up with the corresponding action, then the noobs would have no questions and he would lose out on his ego strokes for the day.
To free Gazans of Hamas, use whatever it takes.
  • #112,628
  • Dec 8, 2020 9:56am Dec 8, 2020 9:56am
Quoting Noors
{quote} Just for open mindedness, or maybe there was more to come from Big E.. some missing pieces, either way you're right we don't know if Emm's expanding is in the right direction or not but I don't think we should focus on that and instead just accept it. If newbies start reading from the start of the thread as they should and read all of Big E's post and they trade the system and fail they will revert back to this thread and keep reading until they find new information and the process will repeat. I say leave it to the people as each journey...
I'm sure Big E was wise enough to know that there would be people adding, expanding etc
You are SO RIGHT about that! He was getting fed up with it when he was alive--he's likely spinning in his grave about it now.

So here are a few of the posts that he made about that subject. Note the threat of BEING BANNED!

post #1716 May 8, 2011
People have added several rules that aren't my rules

post #139
April 27, 2011
We don't want any EA's. Why? They can't observe and think like humans can and do. You need to learn to think on your own while trading and making your own decisions. Most EA"s don't work well anyway...

#1721 May 8, 2011
No more adding things to this method. PM me first always. If you can't respect and live with that... unfortunately you'll be banned...

Every trader has learned the forex differently... you find things you like to do or use. That's great but do so without posting it here. We follow the rules only and that brings the members success... thanks...
To free Gazans of Hamas, use whatever it takes.
  • #112,629
  • Dec 8, 2020 9:59am Dec 8, 2020 9:59am
Quoting toti1985
{quote} I am stuck and i want to make my checklist correct. Thats why i am asking for opinion if i am making it right . I thought that this is the idea of the Thread , not to discuss 95% of time who is adding additional indicators , who is lying and all other things which was discussed here maybe in the past months between you,Emmanuel and DrDave. And to be clear that only Emmanuel is trying to help other members with specific information and specific answers on the points from the questions. When you are giving answer is just to write something...
You say you are stuck Toti and wrote (would say) one of the best trading advice in a very long time in this thread. (Post 112,623)
> it is better to miss a trade in which you are not sure 100% and does not meet all of your criteria.
-----
Post your checklist and point to the problematic points on that checklist.
  • #112,630
  • Dec 8, 2020 10:01am Dec 8, 2020 10:01am
Quoting Tekkies
{quote} So nice of you to notice that after 13 hours. ----- The rest of your post: Wow, did not know that, are they based on facts or your assumptions?
You left out "fantasies". Those are the basis of most of his existence. You know, like his fantasy pool with the lovely deck.

At least he provides plenty of laughs daily from his delusional worlds.

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To free Gazans of Hamas, use whatever it takes.
  • #112,631
  • Dec 8, 2020 10:02am Dec 8, 2020 10:02am
Quoting emmanuel7788
{quote} Gold is at another historical support and resistance zone Daily. Also Weekly has a WCC High ...! {image}
when the Market started to move sideway indicator based system start killing our profit.
Just open buy order in GU. Many times market hit this level. without indicator confirmations, I open this trade.
RRR is very nice 1 to 3. let's see how it goes
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MA provides the market's current direction and strength.
  • #112,632
  • Dec 8, 2020 10:05am Dec 8, 2020 10:05am
Quoting toti1985
{quote} I am stuck and i want to make my checklist correct. Thats why i am asking for opinion if i am making it right . I thought that this is the idea of the Thread , not to discuss 95% of time who is adding additional indicators , who is lying and all other things which was discussed here maybe in the past months between you,Emmanuel and DrDave. And to be clear that only Emmanuel is trying to help other members with specific information and specific answers on the points from the questions. When you are giving answer is just to write something...
and DrDave is repeating like a broker record the same " you are in wrong thread bla bla bla "....
When you and others stop posting in the wrong thread, then there will be no reason to remind you of it. So YOU AND THOSE LIKE YOU have complete control over stopping the broken record.

remember BigE's words
you find things you like to do or use. That's great but do so without posting it here. We follow the rules only and that brings the members success...
To free Gazans of Hamas, use whatever it takes.
  • #112,633
  • Dec 8, 2020 10:12am Dec 8, 2020 10:12am
add another position after closing 1 to 2 RR. this trade is not good trade but I open it. with a little small lot. let's see.
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MA provides the market's current direction and strength.
  • #112,634
  • Dec 8, 2020 10:31am Dec 8, 2020 10:31am
Quoting hasib
{quote} when the Market started to move sideway indicator based system start killing our profit. Just open buy order in GU. Many times market hit this level. without indicator confirmations, I open this trade. RRR is very nice 1 to 3. let's see how it goes {image}
Did the "market" start to move sideways, or was it just the visual aids that you use on the H4 TF of GU suggest to you that price is going into a sideways range?

Did you change perspective by looking at lower TFs such as H1, M30, M15??

From what I see on M15, it had a nice down leg of about 50 pips that was ending a mostly low volatility downtrend, then started a new up trend with a swing of about 100 pips, followed by a deep pullback of about 80 pips. And the up continuation has also gone about 80 pips. So that was quite a nice opportunity for TREND CONTINUATION trading in what you decided is a a sideways moving market.

Oh, and by the way, I use an INDICATOR BASED SYSTEM, making use of LAGGING indicators.
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #112,635
  • Dec 8, 2020 10:44am Dec 8, 2020 10:44am
Quoting hasib
add another position after closing 1 to 2 RR. this trade is not good trade but I open it. with a little small lot. let's see. {image}
yes, very risky: Look how many bars have passed from that swing low that you marked to where you decide to buy again. What do you think the chances are for a CORRECTION versus any significant additional up move in price?
To free Gazans of Hamas, use whatever it takes.
  • #112,636
  • Dec 8, 2020 10:58am Dec 8, 2020 10:58am
Quoting hasib
add another position after closing 1 to 2 RR. this trade is not good trade but I open it. with a little small lot. let's see. {image}
Hi Hasib.
In Post 112,500 you use different indicators then these in last two post's.
Are you still testing different methods/indicators?
  • #112,637
  • Dec 8, 2020 11:23am Dec 8, 2020 11:23am
Hi Emmanuel, sweetheart, I mean knucklehead, there is a new competition open over at "Verbal diarrhea matches trading skills" for you.
  • #112,638
  • Dec 8, 2020 11:31am Dec 8, 2020 11:31am
Quoting Tekkies
Hi Emmanuel, sweetheart, I mean knucklehead, there is a new competition open over at "Verbal diarrhea matches trading skills" for you.
Why would he go there when he hasn't even opened a TE linked to the posts that he makes in this thread??
To free Gazans of Hamas, use whatever it takes.
  • #112,639
  • Dec 8, 2020 2:13pm Dec 8, 2020 2:13pm
Just install the TMS monitor. Probably it is not working I can't see any slope value. I have installed the Indicator and EA properly.
Attached Image (click to enlarge)
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MA provides the market's current direction and strength.
  • #112,640
  • Dec 8, 2020 2:22pm Dec 8, 2020 2:22pm
Quoting Tekkies
{quote} Hi Hasib. In Post 112,500 you use different indicators then these in last two post's. Are you still testing different methods/indicators?
I have tested my system previously in the H4 chart. It was ok. Today I have tested my system in H1 Chart. It produces only a 32% win rate. so System is not robust enough to sustain in the long run what to do. if I could produce a win rate of around 40% it will be ok for me because my RRR is 2.

There are a lot of trading strategies around us when we see them we get excited. when we seriously started testing them true picture comes out.
If we test a system in a different market and different TF with a different RRR we can know the is working or not. Manually backtesting and forwarding testing require time.
MA provides the market's current direction and strength.
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