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Trading Made Simple

  • #113,081
  • Dec 15, 2020 7:30am Dec 15, 2020 7:30am
Quoting Tekkies
{quote} Forget Money Management. Can you trade? How well do you understand this method? Have you paper traded this method? For how long? What results did you obtained from your paper trading? MM plan for you? Show your trading result, show some trades you have placed with TMS.
Actually this because if you are good at trading TMS, most likely you don't need that much of a BIG MM plan, most of the time you are right and you wanna bag the profits before the cops arrive, lol.
Don't get mad at me for calling it... even the OP did not try to burn his brain thinking about a stop loss that much.
  • #113,082
  • Dec 15, 2020 7:33am Dec 15, 2020 7:33am
Quoting pafka
MONEY MANAGEMENT Hi guys, I have been monitoring this tread for couple of weeks, trying to read everthing from the beginning. I am on unpaid leave due to covid situation, so I decided to focus on trading. I have been trying to find the holy grail for a few years, result is obvious. Finally, I found a TMS system which suits my personality. Honestly, with some small modificatons. As mentioned many times before, the money management, except the psychology, is the most important part of our business. Can you please check the MM plan for my trading?...
I think your trailing stop can be applied to the strategy.

However for SL and ultimate TP placement, I would say ATR may not be the best option. TMS is based on Price Action, so the levels are supposed to be PA too.

Entry plan ---- TP SL plan
Price Action --> Market structural levels / zones
Momentum --> volatility indications
Trend / Channel --> Trend / Channel levels (moving S/R)
Indicator entry --> Indicator exit
Statistical --> Fixed Pip / RR

Just my idea. Of course any entry/exit plan can work, just I think it is more reasonable for correlated entry & exit plan
  • #113,083
  • Dec 15, 2020 8:13am Dec 15, 2020 8:13am
Quoting tommydoginti
{quote} I think your trailing stop can be applied to the strategy. However for SL and ultimate TP placement, I would say ATR may not be the best option. TMS is based on Price Action, so the levels are supposed to be PA too. Entry plan ---- TP SL plan Price Action --> Market structural levels / zones Momentum --> volatility indications Trend / Channel --> Trend / Channel levels (moving S/R) Indicator entry --> Indicator exit Statistical --> Fixed Pip / RR Just my idea. Of course any entry/exit plan can work, just I think it is more reasonable for...

You plan all this and then go with a gut trade.
The Memes.
  • #113,084
  • Dec 15, 2020 8:30am Dec 15, 2020 8:30am
there are many reasons why 95% traders fail,i will mention few,please take it seriously because most of us have burnt accounts and lost real money.It takes 2-5 years to get the edge,so practice practice and practice

1. learn the strategy and practice on demo account,open the demo account the same size and leverage as you would use in real.

2.take 100 trades when u r consistently winning 60 trades,then only open real account.many traders when they see small success,they become overconfident,its human nature.

3.when you are ready for real money,open cent account instead of standard account.

4.finally you open the standard account and take small lots because broker treat cent and standard account differently as well.

Goodluck!
  • #113,085
  • Dec 15, 2020 8:33am Dec 15, 2020 8:33am
Quoting T4Trade
broker treat cent and standard account differently as well.
Please, give some examples.
  • #113,086
  • Edited 8:57am Dec 15, 2020 8:47am | Edited 8:57am
Quoting T4Trade
there are many reasons why 95% traders fail,i will mention few,please take it seriously because most of us have burnt accounts and lost real money.It takes 2-5 years to get the edge,so practice practice and practice 1. learn the strategy and practice on demo account,open the demo account the same size and leverage as you would use in real. 2.take 100 trades when u r consistently winning 60 trades,then only open real account.many traders when they see small success,they become overconfident,its human nature. 3.when you are ready for real money,open...
Man, even quant bank traders fail.
They don't always score high, and by a quant trader i mean these guys who graduated as top %1 of their college, went through a financial eng. masters and hired by the best banks in the world. That is the reason banks have literally shit ton of quant traders but not one '' holy grail guy/girl '' often they analyze together & create trading schemes together as well, and expect the quant himself to come up with couple of trading schemes to scalp. This is all insider info for you guys... a buddy of mine were funded 5k 3 times. He blew up 2 accounts, and scored above 150k return in one. So there ya go...
And about the exp thing, considering you go through a 4 yr uni + financial eng masters for a year or two and create crap ton of math equations as well as with demo testing. Yes you need mad exp... it does not come out straight.
  • #113,087
  • Dec 15, 2020 8:55am Dec 15, 2020 8:55am
Quoting pafka
MONEY MANAGEMENT Hi guys, I have been monitoring this tread for couple of weeks, trying to read everthing from the beginning. I am on unpaid leave due to covid situation, so I decided to focus on trading. I have been trying to find the holy grail for a few years, result is obvious. Finally, I found a TMS system which suits my personality. Honestly, with some small modificatons. As mentioned many times before, the money management, except the psychology, is the most important part of our business. Can you please check the MM plan for my trading?...
Just plan in a SL on any particular trade might not get respected or not for the price you thought of so a single trade lost won’t knock you out if you might hit a SL of 10x more than what you expected.

Maybe split your trading capital over a few different brokers accounts as an additional layer of protection.

Regarding profit targets, try to keep it rather small and consistent than looking for huge runs.

Hope it makes sense.
  • #113,088
  • Dec 15, 2020 9:52am Dec 15, 2020 9:52am
Quoting toti1985
{quote} Hello. And why should somebody prove you something ? I really don’t understand users like you , that wants somebody to prove something . Here is the place where you exchange ideas or somebody wants to teach you something . If you don’t believe or don’t like it ....then ignore the thread . This is not website for paid signals to want proof of results....
I had 50k hours,manually and Ea,and nothig,like U,everybody,results,nothing,zero,Down....heheh
  • #113,089
  • Dec 15, 2020 9:54am Dec 15, 2020 9:54am
Thank you all guys for your valuable inputs. I am determined to succed, even if it is very tough buiness.
  • #113,090
  • Dec 15, 2020 10:00am Dec 15, 2020 10:00am
Quoting pafka
Thank you all guys for your valuable inputs. I am determined to succed, even if it is very tough buiness.
It's nuts, i really started to think the big boys are telepaths and constantly taking the same random trades that does not make any sense, e.g : yo boys, let's just retest this resistance out of blue.

Just kidding, but yeah.. it is very though for newcomers like us i guess
  • #113,091
  • Dec 15, 2020 10:03am Dec 15, 2020 10:03am
Quoting PixelSniper
{quote} You plan all this and then go with a gut trade. The Memes.
Yes so unfortunately many traders lose money, but not because of their strategies or MM
  • #113,092
  • Dec 15, 2020 10:11am Dec 15, 2020 10:11am
Quoting tommydoginti
{quote} Yes so unfortunately many traders lose money, but not because of their strategies or MM
Yes. For example I backtested & developed a strategy for gold, but time to time I think I'm the big shit and go try that on oil, and what happens? pay the price.
So demo testing teaches a lot, it even teaches who are you to you, lol.
  • #113,093
  • Dec 15, 2020 10:15am Dec 15, 2020 10:15am
THV CM Manage my trade. Price is the king. GU you beauty.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 41 KB
MA provides the market's current direction and strength.
  • #113,094
  • Dec 15, 2020 10:28am Dec 15, 2020 10:28am
Today I feel a little confident. Let me share one little tip. GU usually respect Fibonacci 50 and 68 levels. So use these tips for making more money. I know there are people who come here and don't share any ideas and just read what other people are doing and learn and go. It is called selfishness.

Oh, One more point- IDDD will love this chart because he always recommends traders to use price actions and clean charts.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 54 KB
MA provides the market's current direction and strength.
  • #113,095
  • Dec 15, 2020 11:14am Dec 15, 2020 11:14am
Quoting DrDave
{quote} Why do you need someone to prove a system to you? Are you looking for a mentor? Are you looking for a proven system that you can plug-and-play? Do you think that you can get either of those for free? Even if you were to receive "proof" that met your requirements for an acceptable system, do you think that it means that YOU would get similar results? If you have an interest, then why don't you simply open a demo account and test the system as YOU understand it. If the results are satisfactory, great. If not, then you can abandon it and move...
U ll see,seen and U not comfortable.Alex
  • #113,096
  • Dec 15, 2020 11:28am Dec 15, 2020 11:28am
Quoting emmanuel7788
EURUSD Dec 15 Day-trading H1 and Scalping M15 - note the ATR H4 is 28 pips - if you get an entry M15 with H1 MOMENTUM, you hot your TPs +5pips, +10pips, +15pips quite quickly within 1 to 2 hours - and if H4 runs further in its direction you get the +25pips or get stop out by either CSTSL and/or Capital Protection - either case, you can re-enter M15/H1 in the same H4 direction - the duration of your trades is very important, you do not want your trading capital to be locked in floating loss for 6 to 8 hours. *** DO NOT day-trade and/or scalp against...
Hello Emmanuel ,

I took today trade : SHORT on USDJPY on 1h chart with bounce on the TDI (picture 2 is my entry , green line ). When i took the trade H4 already shows bearish sign (picture 1 ) and i was waiting the price to break and close below the daily open price. The D1 chart i don't comment , because it is clear bearish for me. my TP was 20 pips i am trying to catch 20 pips on all pairs except GBP pairs. There i am looking for 30-50 pips profit . Do you think that this was a good trade with good signal according to the strategy ? i took my profit , but i am not interested in this , i want to know your opinion about my analysis, if it is correct ?

thank you in advance
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 11115aba6e08d7732c1f525e177b7479.png Size: 43 KB
  • #113,097
  • Dec 15, 2020 11:32am Dec 15, 2020 11:32am
Hi to everyone. I love FX but never open a real account and left the idea behind as time passes by. I want to restart but I see there are changes in the system. Can someone show me where can I read the new rules. Thanks.
  • #113,098
  • Dec 15, 2020 11:56am Dec 15, 2020 11:56am
Quoting kbeza
Hi to everyone. I love FX but never open a real account and left the idea behind as time passes by. I want to restart but I see there are changes in the system. Can someone show me where can I read the new rules. Thanks.
Download BigE full.pdf (paperclip to left).
You will find the new rules in that pdf.
  • #113,099
  • Dec 15, 2020 11:56am Dec 15, 2020 11:56am
Quoting emmanuel7788
EURUSD Dec 15 Day-trading H1 and Scalping M15 - note the ATR H4 is 28 pips - if you get an entry M15 with H1 MOMENTUM, you hot your TPs +5pips, +10pips, +15pips quite quickly within 1 to 2 hours - and if H4 runs further in its direction you get the +25pips or get stop out by either CSTSL and/or Capital Protection - either case, you can re-enter M15/H1 in the same H4 direction - the duration of your trades is very important, you do not want your trading capital to be locked in floating loss for 6 to 8 hours. *** DO NOT day-trade and/or scalp against...
good trading EMM,u said u will show us tips on 4h ATR,plz explain how do u use ATR info on 4h chart? thnks
  • #113,100
  • Dec 15, 2020 11:57am Dec 15, 2020 11:57am
Quoting kbeza
Hi to everyone. I love FX but never open a real account and left the idea behind as time passes by. I want to restart but I see there are changes in the system. Can someone show me where can I read the new rules. Thanks.
There are no new rules for BigE's 5-method! You might THINK there are new rules because you have not read the entire thread so that you can see for yourself how a specific person has ADDED his own crapi in total disrespect for BigE, who said do not add anything!

Just start with post #1 and keep reading until BigE's last post. Everything about the system is described in those posts. If you decide to continue reading past there, be prepared to read a lot of added crap that will lead to your confusion.

A much smarter thing to do would be to search for other threads that include TMS or TDI in the name and follow those threads. This thread is NOT for people serious about BigE's 5-method, but it is a good place to visit for a daily laugh, and to see how a fraud, charlatan, and copyright violator behaves.
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