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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

  • #113,741
  • Dec 23, 2020 3:14am Dec 23, 2020 3:14am
It is pretty interesting to see how real bullish hammers only occur at the bottoms.
When falling down, It is hard to see one. When going up, quiet likely to catch many of them
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  • #113,742
  • Dec 23, 2020 3:36am Dec 23, 2020 3:36am
What was this strategy called again, reverse martingale?
Nah, looks like some kind of averaging
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  • #113,743
  • Dec 23, 2020 4:16am Dec 23, 2020 4:16am
EUUSD

Currently trading inside of the H16 down swing.

Smaller TFs have cycled enough to enable the H16 down swing to end, so monitoring smaller TFs and following the DYNAMIC FOCUS for confirming either cycling back up or only making more rallies and extending the M16 down swing (and trying to swing down M32).

Trading Made Simple with IMT

Many people have decided that there is some magical "master" TF that is fixed, and end up making poor decisions because they do not see that both the "master" and "focus" TFs are DYNAMICALLY changing.

Even many that have checked the work in trading of Dr. Elder, despite the fact that he made clear the DYNAMIC changes that must be evaluated, stubbornly reuse to give up that view of the fixed "master" TF concept.
To free Gazans of Hamas, use whatever it takes.
  • #113,744
  • Dec 23, 2020 4:18am Dec 23, 2020 4:18am
Quoting PixelSniper
What was this strategy called again, reverse martingale? Nah, looks like some kind of averaging {image}
But at the end of the day/week/month if the results are acceptable, do we really care what name is placed on it?
To free Gazans of Hamas, use whatever it takes.
  • #113,745
  • Dec 23, 2020 4:31am Dec 23, 2020 4:31am
Hey Tekkies, how are you able to hack into your TE data to get that >90% win rate and >2 Profit Factor? Clearly, your M15/H1 V-line is nothing like the ToxicFakeTrader's convoluted system, which is the ONLY system that can be profitable, right?

So, that leaves only 1 conclusion for how you can possibly have such good statistics in your TE: You have hacked into it to change it as you wish, right?
To free Gazans of Hamas, use whatever it takes.
  • #113,746
  • Dec 23, 2020 4:38am Dec 23, 2020 4:38am
Quoting DrDave
{quote} But at the end of the day/week/month if the results are acceptable, do we really care what name is placed on it?
Yeah I mean, It's only a computer game for some people at this point.
People are super biased against some strategies and Ideas, meanwhile people are robbing the markets with those..
  • #113,747
  • Dec 23, 2020 4:41am Dec 23, 2020 4:41am
Quoting DrDave
Hey Tekkies, how are you able to hack into your TE data to get that >90% win rate and >2 Profit Factor? Clearly, your M15/H1 V-line is nothing like the ToxicFakeTrader's convoluted system, which is the ONLY system that can be profitable, right? So, that leaves only 1 conclusion for how you can possibly have such good statistics in your TE: You have hacked into it to change it as you wish, right?
Would rather hack broker and remove that BE / stop loss hunting program that finds my BE so rapidly fast.
  • #113,748
  • Dec 23, 2020 4:42am Dec 23, 2020 4:42am
Quoting PixelSniper
It is pretty interesting to see how real bullish hammers only occur at the bottoms. When falling down, It is hard to see one. When going up, quiet likely to catch many of them {image}
You gave exactly 1 screen capture to support your conjecture. I certainly hope that you understand there is no statistical support via that single image for your conjecture.

I am confident that many of those ignorant in statistical analysis do not realize that there is a reason to be concerned with that posting.
To free Gazans of Hamas, use whatever it takes.
  • #113,749
  • Dec 23, 2020 4:43am Dec 23, 2020 4:43am
Going down?
Attached Image (click to enlarge)
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  • #113,750
  • Dec 23, 2020 4:45am Dec 23, 2020 4:45am
Quoting DrDave
{quote} You gave exactly 1 screen capture to support your conjecture. I certainly hope that you understand there is no statistical support via that single image for your conjecture. I am confident that many of those ignorant in statistical analysis do not realize that there is a reason to be concerned with that posting.
Yep only one screen capture, but I did because that is the pattern I'm getting used to with, happens most of the time when there is a rally down, even If it does not change the direction it is good to exit with 2-3 pips quickly. Still have to backtest&forwardtest this a lot tho, yup..

Also main reason I post here is to be exactly criticised.
  • #113,751
  • Dec 23, 2020 4:47am Dec 23, 2020 4:47am
Come on, don't complicate matters.
You only need two lines to trade.
Much better then what get's posted here.
Post 862 (video)
  • #113,752
  • Dec 23, 2020 5:12am Dec 23, 2020 5:12am
Dec 22, 2009

Well folks... I haven't held anything back. I think it's been laid out for you pretty well. I've answered all the questions the best I could.

Because of our location there isn't much new traffic which is a shame in my opinion.

I'LL BE CLOSING DOWN THE THREAD.

I want to thank all who participated. Thanks again.

Big E

#162
Quoting eelfranz
Well folks... I haven't held anything back. I think it's been laid out for you pretty well. I've answered all the questions the best I could. Because of our location there isn't much new traffic which is a shame in my opinion. I'LL BE CLOSING DOWN THE THREAD. I want to thank all who participated. Thanks again. Big E
that was bad news but then what happen after that day...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,753
  • Dec 23, 2020 5:25am Dec 23, 2020 5:25am
Quoting Tekkies
Going down? {image}
EU Dec 23 London session

H1 price action is in a rising channel

Attached Image (click to enlarge)
Click to Enlarge Name: EU Dec 23 H1 LO4 23-12-2020 7-15-49 pm.png Size: 48 KB


M15 chopping up and down, small swings
very difficult to catch 50 pips when the ATR(H4) is only 30 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EU Dec 23 M15 channel LO4 23-12-2020 7-17-04 pm.png Size: 48 KB


TMS _V19

Attached Image (click to enlarge)
Click to Enlarge Name: EU Dec 23 H4 V19 23-12-2020 7-20-55 pm.png Size: 75 KB


Good thing is I have 9 other pairs for me look at and pick only the better pair with the best setup to trade.

It will get crazy again when the US markets open. Indices are bullish.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,754
  • Dec 23, 2020 5:32am Dec 23, 2020 5:32am
Quoting Tekkies
Come on, don't complicate matters. You only need two lines to trade. Much better then what get's posted here. Post 862 (video)

That is true. When Big E started trading in 2008, he had two lines to use when he trade. But he got rid of the two lines.

What I learn after studying all of Big E' posts and forward tested 10 years is that all we need is just one single line to trade. And with modern day trading tools like an expert advisor that trades with objects on price charts, single line trading has been made possible for many years.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,755
  • Edited 6:33am Dec 23, 2020 5:45am | Edited 6:33am
Quoting Tekkies
Come on, don't complicate matters. You only need two lines to trade. Much better then what get's posted here. Post 862 (video)
Well, maybe ONLY 2 lines are REQUIRED, but I find it much easier to get a multi-TF view on a single chart with several lines. Then I don't even need to look at price bars.

(Do you see that H16 down swing that we are trading in now?)

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To free Gazans of Hamas, use whatever it takes.
  • #113,756
  • Dec 23, 2020 6:26am Dec 23, 2020 6:26am
Naaah, rather stick to M15H1.
Going down?
Attached Image (click to enlarge)
Click to Enlarge Name: M15H1 30.PNG Size: 74 KB
  • #113,757
  • Dec 23, 2020 6:33am Dec 23, 2020 6:33am
Quoting DrDave
{quote} Well, maybe ONLY 2 lines are REQUIRED, but I find it much easier to get a multi-TF view on a single chart with several lines. Then I don't even need to look at price bars. (Do you see that H16 down swing that we are trading in now?) {image}
Or maybe you prefer mtf oscillator style--it's no problem when you understand IMT what the indicator type is. MANY options to choose from.

This one I displayed only the Higher TF in yellow representing the H16 TF and the red/green a lower TF. See how easy it is to look for the CONTINUATIONS to enter?

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To free Gazans of Hamas, use whatever it takes.
  • #113,758
  • Dec 23, 2020 6:35am Dec 23, 2020 6:35am
Quoting Tekkies
Come on, don't complicate matters. You only need two lines to trade. Much better then what get's posted here. Post 862 (video)
Sawubona mfowethu

Interestingly enough - there ARE people trading ONLY ONE line for their bread and butter - day in and day out.

Some are here in this forum - people just need to open their eyes.

Trade well / Mos
Don't limit yourself!!
  • #113,759
  • Dec 23, 2020 6:35am Dec 23, 2020 6:35am
Quoting emmanuel7788
{quote} EU Dec 23 London session H1 price action is in a rising channel {image} M15 chopping up and down, small swings very difficult to catch 50 pips when the ATR(H4) is only 30 pips {image} TMS _V19 {image} Good thing is I have 9 other pairs for me look at and pick only the better pair with the best setup to trade. It will get crazy again when the US markets open. Indices are bullish.

even on M30, it is choppy ... up and down , and the ATr(h4) still 30 pips.

no way to make 50 pips until there is change in the rising channel and the price trend again.



Attached Image (click to enlarge)
Click to Enlarge Name: EU Dec 23 M30 channel 23-12-2020 8-33-50 pm.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,760
  • Dec 23, 2020 6:36am Dec 23, 2020 6:36am
better look at the other pairs

like GBPUSD

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Dec 23 H4 NYO 23-12-2020 8-32-55 pm.png Size: 77 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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