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Trading Made Simple

  • #113,641
  • Dec 22, 2020 5:29am Dec 22, 2020 5:29am
Quoting emmanuel7788
EURUSD Dec 22 H4 TMS_V19 - it is quite clear what the market type is. {image} and if you trade with a view to the M30, you are selling in a falling channel and narrow range. and the TDI RSI green price line is making 'zig zag' up and down .. its useless to trade in these up and down momentum you want to look at price action and there is clean moves with momentum. {image}

now we see a channel break but there are risk of the Day Open above and farther left are previous price action swing highs and the RN 1.2250

this is a low grade setup "SQN" and how do you mitigate the risks?

Attached Image (click to enlarge)
Click to Enlarge Name: EU Dec 22 M30 channel break 22-12-2020 7-25-54 pm.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,642
  • Dec 22, 2020 5:31am Dec 22, 2020 5:31am
Quoting Tekkies
{quote} Do you use BB "squeeze" as filter for entering a trade? 200P Bollinger Bands on 1 Hour does not give much of a squeeze! --- DrDave gave the advice for ten pips a day, fine tuned the advice to ten pips per trade. So yes, go for that 2-3 pips and hold open for more pips as trade progress in favor of entry.
Well yes, I want to bb to get a bit squeezed before I enter, or at least slow down a bit, you know the moment it expands like crazy, no reason to try to catch a reversal at those moments, really.. squeeze + ob/os conditions what I look for on 1m charts, also pay attention to the pivots,just to tell me overall price today if is low or high,not more.

On a higher TF usually there will be pullbacks, the price deviates back from the maintrend, and it might attract the traders so perhaps when I notice it I can be trading more & better at those spots, so 1hr squeeze is not that important, I just want to identify reversal spots on the higher TF, and then still scalp.
I plan to do 5-10 trades a day,not more. Because I want to look for exact good sweet spots with all the confirmations to scalp.

For example yesterdays huge rebound was basicly from 200 sma.
It could be an oppurtunity to hold the position for better profits.

Here is a pic to explain myself
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  • #113,643
  • Dec 22, 2020 5:33am Dec 22, 2020 5:33am
Quoting Tekkies
{quote} Do you use BB "squeeze" as filter for entering a trade? 200P Bollinger Bands on 1 Hour does not give much of a squeeze! --- DrDave gave the advice for ten pips a day, fine tuned the advice to ten pips per trade. So yes, go for that 2-3 pips and hold open for more pips as trade progress in favor of entry.
=====================
---
DrDave gave the advice for ten pips a day, fine tuned the advice to ten pips per trade.

You better look for another mentor. He wants to keep you in that deep failure pit with him.

FakeDr trade with Risk:Reward 10:1

Attached Image (click to enlarge)
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You trade M5, M15 ... he hold his losing trades for 25 to 39 weeks for 10 pips.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,644
  • Dec 22, 2020 5:40am Dec 22, 2020 5:40am
Quoting emmanuel7788
{quote} ===================== --- DrDave gave the advice for ten pips a day, fine tuned the advice to ten pips per trade. You better look for another mentor. He wants to keep you in that deep failure pit with him. FakeDr trade with Risk:Reward 10:1 {image} You trade M5, M15 ... he hold his losing trades for 25 to 39 weeks for 10 pips.

GBPUSD Dec 22 TMS_V19 London 11am

- H4 ATR 54 pips

- if you catch a REVERSAL candle setup, you bank 50 pips easily

- that Risk:Reward 10:1 is pure nonsense of someone who failed in his trading for 9 long years.

- Big E was right #281, make the transition to trade the 4hr during London session and also the Daily.


Attached Image (click to enlarge)
Click to Enlarge Name: GU Dec 22 H4 LO04 22-12-2020 7-36-33 pm.png Size: 78 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,645
  • Dec 22, 2020 5:42am Dec 22, 2020 5:42am
Quoting emmanuel7788
{quote} ===================== --- DrDave gave the advice for ten pips a day, fine tuned the advice to ten pips per trade. You better look for another mentor. He wants to keep you in that deep failure pit with him. FakeDr trade with Risk:Reward 10:1 {image} You trade M5, M15 ... he hold his losing trades for 25 to 39 weeks for 10 pips.

Maybe It is just an abandoned TE, rather than these two trades look at the rest, It is pretty solid. It's a demo account so, you know he has to trade on live and abandon the demo at some point.
  • #113,646
  • Dec 22, 2020 5:46am Dec 22, 2020 5:46am
Quoting PixelSniper
Ok guys mental gymnastics. I aim for 2-3 pips,sometimes try to hold for 15-30+ If the PA is good. Risking max 20. So don't really think higher TF's can have so much confluence but still, I got this idea from someone. 200P Bollinger Bands on 1 Hour chart,whichever side price is rushing,that is the higher pressure and most positions will be taken in that path, for e.g. EURUSD 1hr is just only longs atm according to this logic. What do you think? I'm fine with my 1M scalping chart. Trying to make a good one to watch a higher TF, tbh not even sure even...
If you want to trade with some type of bands, perhaps a visit to the Extreme TMA thread could guide you in the use of multiple bands (I suggest using either 3 or 4) on a single chart, and then using the cycling of the smaller bands inside of the larger bands to guide your entries.
To free Gazans of Hamas, use whatever it takes.
  • #113,647
  • Dec 22, 2020 5:52am Dec 22, 2020 5:52am
Quoting DrDave
{quote} If you want to trade with some type of bands, perhaps a visit to the Extreme TMA thread could guide you in the use of multiple bands (I suggest using either 3 or 4) on a single chart, and then using the cycling of the smaller bands inside of the larger bands to guide your entries.
Yeah I mean, bands do simply tell me if we are the new lows or highs, I trigger with candlesticks / extrem ob&os conditions held together.
Go for quick 2-3 pips If It is a variation of a '' falling knife '' alike, or hold for more pips if the demand&supply zone is really screaming at me, and mentally I know It is the right time to hold that trade or It is a more secured one you know.
I am nearly convinced that trading ob/os conditions will make you profitable,the only problem is to do it right all the time.
I got this Idea because I've been working on and analyzing winning strategies & portfolios, and they all agree on the same point, go with ob/os zones, don't risk much, try to hold if you can etc. So I'm trying to mimic and observe.

+ I want to make it clear that, I don't wanna be trading ob/os style because It is profitable for the most, I want to trade with this approach because it fits my own mindset..
  • #113,648
  • Dec 22, 2020 5:56am Dec 22, 2020 5:56am
Quoting PixelSniper
{quote} Maybe It is just an abandoned TE, rather than these two trades look at the rest, It is pretty solid. It's a demo account so, you know he has to trade on live and abandon the demo at some point.
That TE was explained several times. Some people simply have very poor reading comprehension and/or look for fodder for toxic posts to divert attention from their abysmal performance, like the guy with the BEGIINER'S success rate of 65% after dealing with this thread from 2011!
To free Gazans of Hamas, use whatever it takes.
  • #113,649
  • Dec 22, 2020 5:57am Dec 22, 2020 5:57am
Quoting emmanuel7788
{quote} GBPUSD Dec 22 TMS_V19 London 11am - H4 ATR 54 pips - if you catch a REVERSAL candle setup, you bank 50 pips easily - that Risk:Reward 10:1 is pure nonsense of someone who failed in his trading for 9 long years. - Big E was right #281, make the transition to trade the 4hr during London session and also the Daily. {image}
10:1 might sound extrem but really, most scalpers go with 5:1 or 10:1 man. :| But they really have the edge over the markets, win ratio above %90+ etc.
Their risk ratio also lets them increase their WR%, because their trades float a bit longer to find a good exit position with a profit,
Imagine having 5 pips sl everytime, you'd have more losers.
  • #113,650
  • Dec 22, 2020 6:00am Dec 22, 2020 6:00am
Quoting PixelSniper
{quote} Yeah I mean, bands do simply tell me if we are the new lows or highs, I trigger with candlesticks / extrem ob&os conditions held together. Go for quick 2-3 pips If It is a variation of a '' falling knife '' alike, or hold for more pips if the demand&supply zone is really screaming at me, and mentally I know It is the right time to hold that trade or It is a more secured one you know. I am nearly convinced that trading ob/os conditions will make you profitable,the only problem is to do it right all the time. I got this Idea because I've been...
Using OB/OS has merits, but the main problem is entering too soon and then going into deep and/or prolonged drawdown before the move finally goes your way. This was common in the Extreme TMA thread. I tried to advise them to wait for CONFIRMATION that the direction changed before making an entry. That is the beauty of LAGGING indicators--they give you a path to follow rather than trying to be a trail blazer.
To free Gazans of Hamas, use whatever it takes.
  • #113,651
  • Dec 22, 2020 6:03am Dec 22, 2020 6:03am
Quoting DrDave
{quote} Using OB/OS has merits, but the main problem is entering too soon and then going into deep and/or prolonged drawdown before the move finally goes your way. This was common in the Extreme TMA thread. I tried to advise them to wait for CONFIRMATION that the direction changed before making an entry. That is the beauty of LAGGING indicators--they give you a path to follow rather than trying to be a trail blazer.

Exactly! I know that's the biggest Issue when trading this approach, so doing my best to eliminate it.
1) I look for stoch confirmations that we are in both 1M&5M ob/os zone
2) I look for mental confirmations that candlesticks are forming a demand&supply zone.
3) I look for proper reversal candlestick confirmations now then
4) Pull the trigger, never risk a lot.

And If I'm right, I'm willing to add into the direction that I was right, so buy more or sell more with new mini dips and tops..

Something like this to be clear.
These type of candlesticks are a huge confirmation to me, I guess these guys were called hammers when bullish, and shooting stars when bearish.
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  • #113,652
  • Dec 22, 2020 6:03am Dec 22, 2020 6:03am
Quoting DrDave
{quote} That TE was explained several times. Some people simply have very poor reading comprehension and/or look for fodder for toxic posts to divert attention from their abysmal performance, like the guy with the BEGIINER'S success rate of 65% after dealing with this thread from 2011!

cut the crap!

you can't trade . PERIOD.

you are here talking like some trading GURU.

Tekkies says your are one flapping your lips daily.

Now , open that USD10,000 account and start trading in Jan 2021.

Make it happen!


Attached Image (click to enlarge)
Click to Enlarge Name: FakeDr Te GU 29weeks 22-12-2020 7-12-35 am.png Size: 114 KB



Quoting Tekkies
{quote} Agree Tommy. How about Emmanuel, robot4me, Tekkies or any other member that flap lips in this thread, walk the talk with each having a TE with all options open, starting 01/12/2020. TE trade's must be the same as posted chart's trade's anywhere in forexfactory.

Tekkies replied post#111,407 within 45minutes,


My offer and proposal:
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
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,653
  • Dec 22, 2020 6:11am Dec 22, 2020 6:11am
Quoting DrDave
{quote} That TE was explained several times. Some people simply have very poor reading comprehension and/or look for fodder for toxic posts to divert attention from their abysmal performance, like the guy with the BEGIINER'S success rate of 65% after dealing with this thread from 2011!
Why do you mock 65% success rate? If you have enough trades and risk:reward = 1:1.5 and average 65% success rate over time you will make a lot of money.
  • #113,654
  • Dec 22, 2020 6:12am Dec 22, 2020 6:12am
Quoting emmanuel7788
{quote} now we see a channel break but there are risk of the Day Open above and farther left are previous price action swing highs and the RN 1.2250 this is a low grade setup "SQN" and how do you mitigate the risks? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EU Dec 22 M30 channel break 22-12-2020 7-25-54 pm.png Size: 49 KB


EU Dec 22 that M30 channel breakout happening nicely + 20 pips


Attached Image (click to enlarge)
Click to Enlarge Name: EU Dec 22 M30 channel beakout 22-12-2020 8-10-20 pm.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,655
  • Dec 22, 2020 6:16am Dec 22, 2020 6:16am
Quoting kirinda
{quote} Why you mock 65% success rate? If you have enough trades and risk:reward = 1:1.5 and average 65% success rate over time you will make a lot of money.

He cannot achieve 65% win rate in 12 months and he has been posting here since Oct last 2019 when he realised that his TDA with IMT system was not making REAL money we REAL TMS traders have been making money since the OP days.

With his 65% win rate and positive Expectancy > 2.8 I am just too happy every year.

Attached Image (click to enlarge)
Click to Enlarge Name: 2R Expectancy.png Size: 128 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,656
  • Dec 22, 2020 6:20am Dec 22, 2020 6:20am
Quoting emmanuel7788
{quote} {image} EU Dec 22 that M30 channel breakout happening nicely + 20 pips {image}

EURUSD Dec 22 trade closed so far

- TP1 +5pips, TP2 +10 pips, TP3 +15 pips

- now THV CaveManager will manage the last portion for final TP ... H4 ATR is 28 pips/

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Dec 22 trade update 22-12-2020 8-17-46 pm.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,657
  • Dec 22, 2020 6:31am Dec 22, 2020 6:31am
Quoting kirinda
{quote} Why do you mock 65% success rate? If you have enough trades and risk:reward = 1:1.5 and average 65% success rate over time you will make a lot of money.
BigE is the one that said BEGINNER'S trading his way will have 65% success rate, and after 1-2 months, increase to 80%.

So how do you reconcile BEGINNERS at 65% with this method with a guy who purportedly has 30 YEARS of trading experience, nearly 10 of them dealing with this thread, yet achieves FINALLY that BEGINNERS 65% rate?

It is not the 65% rate that is the issue here, but rather the CREDIBILITY of the guy who claims to be "filling the void" and "continuing the legacy" of BigE when he can't move beyond BEGINNER'S status after 10 YEARS of trying.
To free Gazans of Hamas, use whatever it takes.
  • #113,658
  • Dec 22, 2020 6:38am Dec 22, 2020 6:38am
Quoting DrDave
{quote} BigE is the one that said BEGINNER'S trading his way will have 65% success rate, and after 1-2 months, increase to 80%. So how do you reconcile BEGINNERS at 65% with this method with a guy who purportedly has 30 YEARS of trading experience, nearly 10 of them dealing with this thread, yet achieves FINALLY that BEGINNERS 65% rate? It is not the 65% rate that is the issue here, but rather the CREDIBILITY of the guy who claims to be "filling the void" and "continuing the legacy" of BigE when he can't move beyond BEGINNER'S status after 10 YEARS...

seriously , Big E said that.

you are too dumb to believe #495 with your selective reading.

You are like people simply have very poor reading comprehension and/or look for fodder for toxic posts to divert attention from your own abysmal performance, like the your failed trading system TDA with IMT and trading with Risk:Reward 10:1.

Trust me, you don't have USD10,000 to trade TMS like Big E.

Let me say this , you don't have USD10,000 to trade,

USD10,000 trading account, with a Fake 'doctorate' to your name,

It's
......NOT
..........GOING
..............TO HAPPEN!!

Or else you would be confirm once again to be the fraud and charlatan which you are already.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,659
  • Dec 22, 2020 6:42am Dec 22, 2020 6:42am
Quoting Tekkies
{quote} Agree Tommy. How about Emmanuel, robot4me, Tekkies or any other member that flap lips in this thread, walk the talk with each having a TE with all options open, starting 01/12/2020. TE trade's must be the same as posted chart's trade's anywhere in forexfactory.

@Tekkies


My offer and proposal:
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

Let's make this happen!

Make trading Big E's TMS great again!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,660
  • Dec 22, 2020 6:44am Dec 22, 2020 6:44am
Quoting emmanuel7788
selling this now with TMS MEME {image}
your TMS 2/8 is buy,TDIdici is buy then why are u selling it?

TMs gives rare setups i guess.
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