Trading Made Simple | Page 5829 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #116,561
  • Feb 3, 2021 5:17am Feb 3, 2021 5:17am
Quoting emmanuel7788
Feb 03 EU H4 and Daily - do you want me to write long story here? No need, right? - use the trading tools other members have spent their time to develop to help us trade TMS - if you cannot trade, no amount of tools will help you. - every entry must have minimum two exits, exit no.1 is your initial Stop Loss 'R'. - use that 'R' and do your trade position size. If your 'R" is $500, that is the maximum amount you would lose. - you can make 2 to 5 times that same 'R' in one week when you make the transition to trade the 4Hr and Daily.
Here is only one problem: the market doesn't care about your $500. It can run 498.95$ and reverse. You are using complicated method to find the entry and then pure luck for exit. Let it be x5! Why x5? Why not 4.5? Why not 1.1? Why don't you try to find it using trading tools too? How static RR can be achieved ever in long run?

p.s. don't take it personally, I'm not asking just you. I ask all the members here. Don't you see that this is very strange to make all these calculations to find best possible entry and then "let it run I feel lucky today"? Like you spent all the enegry and time to find the entry and then get tired and go to sleep. Like a car without a brakes. Let it go! But what to do when we will reach the destination? May be there will be windy or a hill so we will stop. Don't care we are lucky )
Observer effect
  • #116,562
  • Feb 3, 2021 5:40am Feb 3, 2021 5:40am
Quoting heispark
Breakout traders cannot prosper in the long run. Breakout + Day Trading = Deadly toxic strategy leading to blown account.
Any trading approach can lead to a blown account.

The only person responsible for a long term profitable outcome or not is the one you see if you are looking straight into the mirror.

I just recently withdrawn the amount of money I need to pay all my bills for 3 months from exactly doing what you say is deadly toxic.

People spend too much time on anything else (strategies, indicators, brokers, books, smart money, the girl next door).

Less is sometimes more.
  • #116,563
  • Feb 3, 2021 6:00am Feb 3, 2021 6:00am
Quoting lddd
{quote} Any trading approach can lead to a blown account. The only person responsible for a long term profitable outcome or not is the one you see if you are looking straight into the mirror. I just recently withdrawn the amount of money I need to pay all my bills for 3 months from exactly doing what you say is deadly toxic. People spend too much time on anything else (strategies, indicators, brokers, books, smart money, the girl next door). Less is sometimes more.
Quote
Any trading approach can lead to a blown account.
Yes.
Quote
The only person responsible for a long term profitable outcome or not is the one you see if you are looking straight into the mirror.
Yes and no,maybe your broker provides bad slippage,connection or services.
Quote
I just recently withdrawn the amount of money I need to pay all my bills for 3 months from exactly doing what you say is deadly toxic.
Many approaches are toxic to some,yet some people are banking with their toxic approaches so it should not bother you.
Quote
People spend too much time on anything else brokers, books,the girl next door)
Broker is the people you will work with,it is important. Some stuff are really interesting to read,you can do it during the weekends. Well girls are girls,come on,you can do it after the london session closes.Personally don't want to miss so much on life while overtrading.
Quote
Less is sometimes more
Actually,often. I just find that way to be better.
  • #116,564
  • Feb 3, 2021 6:33am Feb 3, 2021 6:33am
Quoting lddd
{quote} Any trading approach can lead to a blown account. The only person responsible for a long term profitable outcome or not is the one you see if you are looking straight into the mirror. I just recently withdrawn the amount of money I need to pay all my bills for 3 months from exactly doing what you say is deadly toxic. People spend too much time on anything else (strategies, indicators, brokers, books, smart money, the girl next door). Less is sometimes more.
I 100% agree with you.
MA provides the market's current direction and strength.
  • #116,565
  • Feb 3, 2021 6:35am Feb 3, 2021 6:35am
EU Feb 03

- I see possible move down to 1.1965 but if Daily exhaust its ADR,

- then tomorrow ...

-

Attached Image (click to enlarge)
Click to Enlarge Name: EU Feb 03 Weekly11965 3-2-2021 8-32-16 pm.png Size: 88 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,566
  • Feb 3, 2021 7:22am Feb 3, 2021 7:22am
Closed my GC and EJ trade today with good profit even though i know price will move down a bit more. Got bored and closed
GJ break
AUDNZD no break but got early entry
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYiH4.png Size: 26 KB
Click to Enlarge Name: AUDNZDiH4.png Size: 24 KB
  • #116,567
  • Feb 3, 2021 7:58am Feb 3, 2021 7:58am
Quoting PixelSniper
{quote} I just checked this video for the first time,it is hilarious! Thanks for the laughs,for real! The instructor is a real sweet guy,no homo. It is even actually funnier to think of that you actually searched up a such thing like,''God dammit,how can I answer a fool!''
"Thanks for the laughs,for real! "

@PixelSniper -- you're welcome!! Yes -- it's very well done and quite humorous. If you're not a fool then you "get it". And if you are a fool it makes you angry. You might say it's kind of a test...


"It is even actually funnier to think of that you actually searched up a such thing like,''God dammit,how can I answer a fool!''

@PixelSniper -- no kidding. And know what? I'm not alone.


@PixelSniper -- and thanks to your post there's an added bonus -- the husband / wife team both gave it a "Like". They still don't get it...

Attached Image (click to enlarge)
Click to Enlarge Name: husband-wife-fools.png Size: 515 KB



Compliments @failinforex (https://www.forexfactory.com/thread/...3#post13386143)
Inserted Video
  • #116,568
  • Feb 3, 2021 8:08am Feb 3, 2021 8:08am
Quoting ryuryu
{quote} Here is only one problem: the market doesn't care about your $500. It can run 498.95$ and reverse. You are using complicated method to find the entry and then pure luck for exit. Let it be x5! Why x5? Why not 4.5? Why not 1.1? Why don't you try to find it using trading tools too? How static RR can be achieved ever in long run? p.s. don't take it personally, I'm not asking just you. I ask all the members here. Don't you see that this is very strange to make all these calculations to find best possible entry and then "let it run I feel lucky...

@ryuryu's post #116254 -- hidden by FF due to COC (Code Of Conduct) violation...

@ryuryu's comment: "...BigE died, so his words are some kind of Truth. Ok, then Hitler words are the same quality? He has died too..."

Also -- notice who "liked" that post -- @DrDave and @tommydoginti...
Attached Image (click to enlarge)
Click to Enlarge Name: ryuryu-BigE-Hitler.png Size: 513 KB


"5 Signs You've Met a Sociopath But Just Don't Know It..."

Inserted Video
  • #116,569
  • Feb 3, 2021 10:34am Feb 3, 2021 10:34am
Quoting ryuryu
{quote} Here is only one problem: the market doesn't care about your $500. It can run 498.95$ and reverse. You are using complicated method to find the entry and then pure luck for exit. Let it be x5! Why x5? Why not 4.5? Why not 1.1? Why don't you try to find it using trading tools too? How static RR can be achieved ever in long run? p.s. don't take it personally, I'm not asking just you. I ask all the members here. Don't you see that this is very strange to make all these calculations to find best possible entry and then "let it run I feel lucky...
Simple answer is it is irrelevant to ask about static or dynamic RR, what is RR ratio. It is grid trading without a stoploss. If guess from previous charts and P/L, the practical RR is about 0.083-0.4R (win/loss).
  • #116,570
  • Feb 3, 2021 10:41am Feb 3, 2021 10:41am
Quoting tommydoginti
GJ 1H, a TDI cross sell is forming at QM supply level. Currently TDI green is flat despite a cross. If it turns down by the end of candle, the sell signal is valid. {image}
Result, was 0.2pips from SL.
The Red/Yellow/Green lines are QM sell trade levels for comparison, which is discussed in another thread on FF.
Attached Image (click to enlarge)
Click to Enlarge Name: f598bf8b2125a1c4379fe0ba2edc201d.png Size: 121 KB
  • #116,571
  • Feb 3, 2021 10:53am Feb 3, 2021 10:53am
Quoting info4saeed
Hello to all I am developing a bot. Today, based on the conditions it has examined, this robot has opened a trade that you can see in the picture, and has added the second and third lots to reduce its loos. If when we look at the chart, we see that the chart trend was declining and should not open long position . What tools do you think I can use with settings that show the trend ? if MA what setting. {image}
From the stoch, seems your rules are reversal. If you want to be trend trading then the rules need to be revised. If want to trade reversal then can add more confirmation like engulfing candles or pending orders beyond high/low, fail-safe for price spikes like spread gate, multiple attempt entry for requote. etc.

You should discuss this in Platform Tech for the experts to help you.
  • #116,572
  • Feb 3, 2021 11:40am Feb 3, 2021 11:40am
Quoting tommydoginti
{quote} Simple answer is it is irrelevant to ask about static or dynamic RR, what is RR ratio. It is grid trading without a stoploss. If guess from previous charts and P/L, the practical RR is about 0.083-0.4R (win/loss).
Grid is another world. It is OK to have any positive RR even 0.01R why not. Grid used mostly instead of SL. Since static TP/SL has negative expectation (max 47% win rate) it is pretty good to have for example 1$ profit instead of closing position in loss. Because if you lose 1% you must gain more than 1% to have the same starting amount as was. Grid has it's own rules and problems such as incorrect distance calculations, incorrect value and margin etc. That's why it has very high risk. Trading grids manually is barely impossible it is a field of robots anyway.
Observer effect
  • #116,573
  • Feb 3, 2021 1:15pm Feb 3, 2021 1:15pm
Quoting tommydoginti
{quote} Result, was 0.2pips from SL. The Red/Yellow/Green lines are QM sell trade levels for comparison, which is discussed in another thread on FF. {image}
Quoting tommydoginti
Hi all, I am going to honor the late OP of this thread, BigE, and provide a platform in this thread for people who are really learning, sharing, discussing TMS. BigE was an experienced trader. To start with, first focus on reading BigE's old posts, charts, and constructive Q&A with other FF members back in 2011 at post #1-#12,912. Other members' posts back then were also useful. Reader can expect a lot of meaningless posts and distractions from this thread and TMS strategy. Remember, filtering noise and fake information is an essential skill in...
@tommy -- hope you weren't offended you weren't included with the sociopaths' t-shirts -- it's just that you don't yet measure up. But you do have potential...

@tommy -- don't lose hope -- not all is lost -- we do have a t-shirt for you. Also comes in all sizes, including teeny-weeny...

Attached Image (click to enlarge)
Click to Enlarge Name: Fool-TShirt.png Size: 461 KB
  • #116,574
  • Feb 3, 2021 1:16pm Feb 3, 2021 1:16pm
Quoting ryuryu
{quote} Grid is another world. It is OK to have any positive RR even 0.01R why not. Grid used mostly instead of SL. Since static TP/SL has negative expectation (max 47% win rate) it is pretty good to have for example 1$ profit instead of closing position in loss. Because if you lose 1% you must gain more than 1% to have the same starting amount as was. Grid has it's own rules and problems such as incorrect distance calculations, incorrect value and margin etc. That's why it has very high risk. Trading grids manually is barely impossible it is a...
@ryuryu's post #116254 -- hidden by FF due to COC (Code Of Conduct) violation...

@ryuryu's comment: "...BigE died, so his words are some kind of Truth. Ok, then Hitler words are the same quality? He has died too..."

Also -- notice who "liked" that post -- @DrDave and @tommydoginti...
Attached Image (click to enlarge)
Click to Enlarge Name: ryuryu-BigE-Hitler.png Size: 513 KB


"5 Signs You've Met a Sociopath But Just Don't Know It..."

Inserted Video
  • #116,575
  • Feb 3, 2021 1:32pm Feb 3, 2021 1:32pm
Quoting emmanuel7788
{quote} @MrAnta997 Usually when I trade, I have done my WTDA (Weekly Top Down Analysis) and this is more important when trading Feb after the last month Jan closed. With the Jan MN Closed, I have to update my Big Picture Plan of every pair in my market watch list. Every trading pair will have its own Big Picture and with just one Big Picture Plan, I can be scalping, day-trading, swing trading and position trading. We don't need any bigger picture ... just one Big Picture. With the Weekly analysis, I would use the TMS_V19 EA for the information and...
Did't know about Wtda, will start implementing it..
Yes, I forgot that new month started..

Is there any post with more details on how to do Wtda??
Also, I assume there is a post going deeper into using TMS_v19 (I don't understand parameters, so I'll have to study them)



Quoting emmanuel7788
{quote} https://www.forexfactory.com/thread/...3#post13391323 After the WTDA above, Now study this chart below: There no buy if we follow Big E #647 The sell setup came later ... PATIENCE and wait for the best A+++ setups and you will be rewarded everytime. {image}
I'm trying to be patient, but I get lost in 6.000 pages of material, and I don't know if stuff from early stages work well nowadays, or is it changed (i.e. somewhere in page 4000, there could be a post about some important change, and I wouldn't notice it)

I'm still reading Big E's posts, found that pdf someone made (all of Big E's posts), will read it also.. But there's so much material after '12 and Big E's unfortunate passing, too much noise and I don't know what to read and what not to read..



Quoting emmanuel7788
{quote} @MrAnta997 Trade Your Way to Financial Freedom requires a lot of work. You need to have a system thinking approach. One of the work you need to do is to develop a SYSTEM STRATEGY to help you achieve your financial goals. When I trade the COMMOD currencies - AUD, CAD and NZD, I have these three pairs in my system strategy. Pick only the best one to trade the medium term swings. AUDCAD, AUDNZD and NZDCAD. {image} {image}
I wanna work hard, but I don't wanna work hard in the wrong direction.. There are 6000 pages of material, I'll read Big E's posts, but I don't know where are other important posts, and going through 6000 pages not knowing what you're looking for is wasting of energy.. Don't get me wrong, but there is to much noise, and thread is highly polluted with people selling fog.. I trust you, but you can't be reached through PMs, you said that your inbox is full and you don't receive messages during market hours.. Can I ask you to PM me some other way to contact you?? I won't spam, just wanna discuss some elements of Tms.. Hope I'm not asking for too much, I understand you're busy, but if you can devote some time to explain me a bit more about Tms, I'd be honored to learn from you..



Quoting emmanuel7788
Trade Your Way to Financial Freedom {image}
I will read it, thank you!!
  • #116,576
  • Feb 3, 2021 2:09pm Feb 3, 2021 2:09pm
Quoting MrAnta997
{quote} Did't know about Wtda, will start implementing it.. Yes, I forgot that new month started.. Is there any post with more details on how to do Wtda?? Also, I assume there is a post going deeper into using TMS_v19 (I don't understand parameters, so I'll have to study them) {quote} I'm trying to be patient, but I get lost in 6.000 pages of material, and I don't know if stuff from early stages work well nowadays, or is it changed (i.e. somewhere in page 4000, there could be a post about some important change, and I wouldn't notice it) I'm still...
You will waste a LOT of time if you read posts beyond 2013. Nothing changed from BigE's rules that he posts. You will see that after he died, some people tried to take over the thread and add more indicators and EAs, things that BigE said do not use!

So, there are not some "important changes" hidden away somewhere in the thousands of posts after he died. In fact, if you want a glimpse of the worthless posts that have flooded the thread over the last three years, just randomly pick one week and see how many posts are not even related to trading at all. Ad of the few that are related to trading, see how many are not even following what BigE said to do. You could even pick a week from last month and see what a joke this thread has become. Its the thread to visit for daily laughs, not for serious trading discussions.
To free Gazans of Hamas, use whatever it takes.
  • #116,577
  • Feb 3, 2021 2:44pm Feb 3, 2021 2:44pm
Quoting DrDave
{quote} You will waste a LOT of time if you read posts beyond 2013. Nothing changed from BigE's rules that he posts. You will see that after he died, some people tried to take over the thread and add more indicators and EAs, things that BigE said do not use! So, there are not some "important changes" hidden away somewhere in the thousands of posts after he died. In fact, if you want a glimpse of the worthless posts that have flooded the thread over the last three years, just randomly pick one week and see how many posts are not even related to trading...
Quoting PixelSniper
{quote} Ted Bundy was not a sociopath,he was a psychopath interviewd by neurologists and psychiatrists. For the most part he diagnosed as a successful predatory psychopath, but that’s not all. Bundy exhibited traits not normally associated with psychopathy. He was also a necrophiliac, paraphilac and a sadist.
@PixelSniper -- what's your point? Are you suggesting @DrDave is more a psychopath than sociopath? Could be -- we should check with him.

Sociopathy and psychopathy are different -- but there is an overlap, and studies have revealed some of the brain physiology behind the behavior. Research into these behaviors has identified two distinct areas of neuronal activity in our brain -- one for empathy and one for personal pain. When a normal person feels empathy both areas light up like a Christmas tree. This suggests when feeling empathy for someone else there is an assoication with one's personal pain -- either past or present. That is, the reason a normal person can feel empathy for someone else is because "there is a shared sense of pain". When testing criminals in federal penitentiary convicted of violent crime there is no overlap. This goes a long way to understanding why they are incapable of empathy for their victim or target -- in their brains the areas that map for empathy and personal pain do not overlap. Sociopaths are not as bad as psychopaths -- there is some overlap.


Also, there is research to suggest that psychopathy tends to be genetic, whereas sociopathy tends to be environmental. In the case of sociopathy, an early childhood of abuse may stunt brain development to the extent that the areas mapped to empathy and personal pain do not make a full connection. It is commonly recognized that children raised in an abusive environment tend to grow up to be abusers themselves -- hence, the cycle repeats.

An interesting (and short) explanation for the layman...


"How do you Engage with a Sociopath in the Workplace? | Donald Rheem"

Inserted Video
  • #116,578
  • Feb 3, 2021 5:12pm Feb 3, 2021 5:12pm
Quoting emmanuel7788
{quote} Hi Guido, That is possible to grow this account to one million and I would be in the league of millionaire traders. But that won’t happen because that is not my plan to grow this account to one million dollars. I only post this account here to show the members who PM me and ask many questions about trading, becoming full-time trader, what account size, is trading for a living possible, etc. We are at month end and I will do my usual withdrawal and get back to the starting base account $50K next month. An important lesson learned from the...
Attached Image (click to enlarge)
Click to Enlarge Name: DrawDown and Recovery.png Size: 363 KB


Week 05 Feb 01 to 05

80% Drawdown is very difficult to recover in next 48 weeks.

according to this Money Management Report, you will need to achieve above +300%.

https://www.forexfactory.com/thread/...44#post8799544
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,579
  • Feb 3, 2021 5:21pm Feb 3, 2021 5:21pm
Quoting emmanuel7788
EU Feb 03 - I see possible move down to 1.1965 but if Daily exhaust its ADR, - then tomorrow ... - {image}
EU Feb 04 H4 Sydney Open hr 2 update

- H4 HA setup 2nd APB/HA now active
- will this be good for swing traders buyer... trading a pull back of the weekly?

- Weekly Trend 2/8 is in its 4th week Sideways
- Daily TDiC1 is RED.

- 1.1965 is on my weekly, that big candle! is

Attached Image (click to enlarge)
Click to Enlarge Name: EU Feb 04 H4 SYD hrs 4-2-2021 7-15-20 am.png Size: 90 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,580
  • Feb 3, 2021 5:39pm Feb 3, 2021 5:39pm
SYSTEM STRATEGY

to answer most PMs frequent asked questions:

1) Using market volatility ATR

- I look at the Weekly 52 weeks ATR and the Daily 100-days ATR when I plan my swing trades
- on my trading chart, for example on Daily I scan the ATR(10) for where the most recent "stop levels' are and compare that to the price action - the swings of the APB/HA candles and also the most recent big price bars/candles. Price tends to return to the big bars/candle and it is just a matter of how much time it takes...

2) I have 28 pairs (group #1 to #7) including the BASKET pairs - EMBasket, JPYBasket and USDollar. I also trade the SGD based pairs but on longer term positions to 'hedge' my portfolio.
- of the 28 pairs, these are group into 7 groups and I would avoid opening trades in 2 pairs or more pairs in the same group, but when I do it would be that I divided my risk into smaller portions and trade much smaller lots sizes.

Trading Currency Pairs – Seven(7) Groups 2021,2022,2023

Group#1
AUDUSD
EURUSD
GBPUSD
USDCAD
NZDUSD

Group#2
EURAUD
EURNZD
EURCAD
EURGBP***

Group#3
GBPAUD
GBPNZD
GBPCAD

Group#4
USDJPY
AUDJPY
EURJPY
GBPJPY
SGDJPY

Group#5
AUDCAD
AUDNZD
NZDCAD

Group#6
AUDSGD
EURSGD
GBPSGD
USDSGD
NZDSGD

Group #7 (only certain brokers offer these)
EMBasket
JPYBasket
USDollar
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
53 traders viewing now