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

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Trading Made Simple

  • #117,281
  • Feb 22, 2021 12:43pm Feb 22, 2021 12:43pm
Quoting DrDave
{quote} Sounds like a scammer than a real trader. If it looks like a duck and it quacks like a duck ... How about this from 2020{image}
There is also some nerd here barking pointlessly. Trying so many years, mean failing miserably at what is intended to do.

To be fair, that may be just a drawdown period. The EQ in 2018 is more representable for potential followers to understand how much actual risk there is and how long it is to recover (x-axis is also linear).

Averaging down strategy is better to couple with a statistical entry strategy, such as volatility trigger or mean reversal. But that is another topic

BigE’s TMS aims at >65% entry win rate, so by statistics and probability model, averaging down is applicable. Now the issue here is a practical accuracy of 35%. TBH whenever says buy, I look for sell and spot some good setups, downside is it is countertrend trades. So my “luck” in the last few trades are actually following the strategy in #116674.
  • #117,282
  • Feb 22, 2021 4:13pm Feb 22, 2021 4:13pm
Quoting tommydoginti
{quote} So R4M has some mental issues and need therapy? really sorry to hear that, but expectable. I don't doubt any of traders here being successful or not. But spending years trying to cyber-bully others and adulterate the threads... free therapy, okay. I am here for learning from BigE's posts and practice trading. All having fun here.
Oh -- poor @tommy -- you've been cyber-bullied and adulterated? Boo, hoo...

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If I had to learn a trading methodology from a man or cry-baby I know I would choose the cry-baby...

5 peas in a pod -- @DrDave, @tommy, @ryuryu, and the husband/wife team of @mosiskv/@Tekkies. Or, maybe it's the wife/husband team of @mosiskv/@Tekkies, since @Tekkies prefers to masquerade as a male. I don't know if I'm the only one, but I'm confused by all these gender preferences...

So -- @tommy -- which pea are you?

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  • #117,283
  • Feb 22, 2021 6:46pm Feb 22, 2021 6:46pm
Quoting MalvernTrust
{quote} Thank you Sir, Any views on GBPJPY , is it a right time to short !? or more confirmation required.
Hi MalvernTrust

GBPJPY is not ready for short yet if you are trading TMS EVO_IX. I closed my buys swing trades previous week.
see my weekend homework post
https://www.forexfactory.com/thread/...6#post13419426
There is no sell outlook for GJ this week.

You can follow Big E Trading Made Simple and trade Big E' 5-Method and look for trade setup at PDT 10PM, PDT 2AM this week. If you trade the London session, you may also look for H4 trade during the European session. But caution this week as BoJ holding session meeting amid the current crisis.

But I look for medium term swings, and TMS V19 information provides me important the information I need.

GBPJPY Feb23 TMS_V19 Information panel.

Note the Daily price action - the price bar and HA candle are above and trading inside the Bollinger Band(20,1)

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,284
  • Feb 22, 2021 7:03pm Feb 22, 2021 7:03pm
Quoting MalvernTrust
{quote} Thank you Sir, Any views on GBPJPY , is it a right time to short !? or more confirmation required.
Hi MalevenTrust

Having done my weekend homework and knowing the market volatility conditions of several pairs, taking clean trades is also breeze for me.

Big E said this in his Post#2617

AUDUSD Feb23 trades running update

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GBPUSD Feb23 trades running update

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Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
#281
https://www.forexfactory.com/thread/...24#post4576024

...make the transitions to trade the Daily and follow TMS_EVO_IX 2021/2022.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,285
  • Feb 22, 2021 9:37pm Feb 22, 2021 9:37pm
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MA provides the market's current direction and strength.
  • #117,286
  • Feb 22, 2021 11:07pm Feb 22, 2021 11:07pm
Reviewing FX savings in bank. Back then FX was for travel use and buy-and-hold. Spent almost the last cents ordering from overseas in Feb when the mask raid was on in HK.
Strategy was fundamental + simple breakout.

TMS is catching momentum of swing start, it gives similar signals to strategies of same principle. Interesting to see the entries align with the TMS TDI entry signals from breakout buys.
Break/rejection + retest can be a better adaptation with TMS than simple breakout for better confirmation to reduce chance of drawdown and consolidation.
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  • #117,287
  • Feb 23, 2021 12:11am Feb 23, 2021 12:11am
Quoting tommydoginti ...@newbie TMS trader
-
Reviewing FX savings in bank. Back then FX was for travel use and buy-and-hold. Spent almost the last cents ordering from overseas in Feb when the mask raid was on in HK. Strategy was fundamental + simple breakout. TMS is catching momentum of swing start, it gives similar signals to strategies of same principle. Interesting to see the entries align with the TMS TDI entry signals from breakout buys. Break/rejection + retest can be a better adaptation with TMS than simple breakout for better[/highlight]...
TMS is catching momentum of swing start, it gives similar signals to strategies of same principle.

More newbie talk.

TMS is not "catching momentum of swing start". Retail traders who follow indicators green cross red have not idea when the price swing starts and when the swing ends. Retails traders are 'blind' to the big boys smart money moves the market.

Trading Made Simple is how the OP Big E traded his 4hr at his PDT local time 10PM and 2AM and close all trades at 6AM.

There is no need for any adaption "Break/rejection + retest can be a better adaptation with TMS than simple breakout for better confirmation to reduce chance of drawd" own and consolidation. "

Follow Big E' Post#261 and complete the checklist as in Post#647 and learn to pick the best setup aka A+++ setups.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,288
  • Feb 23, 2021 12:19am Feb 23, 2021 12:19am
Quoting tommydoginti aka@newbie TMS trader
{quote}
There is also some nerd here barking pointlessly. Trying so many years, mean failing miserably at what is intended to do. To be fair, that may be just a drawdown period. The EQ in 2018 is more representable for potential followers to understand how much actual risk there is and how long it is to recover (x-axis is also linear). Averaging down strategy is better to couple with a statistical entry strategy, such as volatility trigger or mean reversal. But that is another topic BigE’s TMS aims at >65% entry win rate,...
BigE’s TMS aims at >65% entry win rate,


More newbie talk only.

Big E was not good at trading lower timeframes and he was honest about that. His win rates were not based on lower timeframes trades.

Big E ' Post#669


I'm not good on the lower time frames... don't want to sit in front of the monitor... I mentally drift away... then WACK I get my keester kicked... my fault.


Post#495

Starting out you should be 60-65% successful. Within 1 to two months you should be 70-80% successful.. IF... you follow the simple rules and simple exits... 3-6 months... 85% successful. Don't complicate it... keep it simple. Buy your wheel barrow..

I never knownly take a draw back of 40-50 pips even on the 4hr. I generally exit at 10-15 pips to keep my profit and I'll re-enter when it turns back. If it happens when I'M SLEEPING... SO WHAT ... I never know about it... S/L at last HH or LL. It turns out in my favor most of the time. I lose about 2 trades out of 14-16 trades. I can live with that. I choose my trades carefully making sure they meet the entry rules spot on... and pass on the iffy ones and go hunt other charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,289
  • Feb 23, 2021 1:40am Feb 23, 2021 1:40am
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  • #117,290
  • Edited 2:29am Feb 23, 2021 2:01am | Edited 2:29am
Quoting tommydoginti
Reviewing FX savings in bank. Back then FX was for travel use and buy-and-hold. Spent almost the last cents ordering from overseas in Feb when the mask raid was on in HK. Strategy was fundamental + simple breakout. TMS is catching momentum of swing start, it gives similar signals to strategies of same principle. Interesting to see the entries align with the TMS TDI entry signals from breakout buys. Break/rejection + retest can be a better adaptation with TMS than simple breakout for better confirmation to reduce chance of drawdown and consolidation....
"Reviewing FX savings in bank. Back then FX was for travel use and buy-and-hold. Spent almost the last cents ordering from overseas in Feb..."

@tommy -- who gives a shit... Amazon had a sale on socks so I bought a couple of pairs. Maybe I should post about it because I'm so interesting there are probably readers who want to know...



5 peas in a pod -- @DrDave, @tommy, @ryuryu, and the husband/wife team of @mosiskv/@Tekkies. Or, maybe it's the wife/husband team of @mosiskv/@Tekkies, since @Tekkies prefers to masquerade as a male. I don't know if I'm the only one, but I'm confused by all these gender preferences...


So -- @tommy -- which pea are you?

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  • #117,291
  • Feb 23, 2021 2:06am Feb 23, 2021 2:06am
ToxicFakeTrader says
Quoting ToxicFakeTrader and TMS Thread Perverter aka emmanuel7788
There is no need for any adaption [of BigE's 5-method]

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Ha-ha-ha-ha-ha! We all got a good laugh of those words coming from the TMS Thread Perverter!

Sure, no NEED for adaptations--except for the people like the ToxicFakeTrader who can't make any profits using BigE's 5-method. So, he tries desperately to find something--ANYTHING--that will yield profits. You know, like the latest perversion that he posts about--the double Bolllinger bands.
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And of course, there is the TMS EVO. Yet another joke that is not BigE's 5-method. Or how about the Blessing 3 EA? Or all of the other EAs that uses for his adaptation perversion of the method?

Thanks for the laughs!
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To free Gazans of Hamas, use whatever it takes.
  • #117,292
  • Feb 23, 2021 2:24am Feb 23, 2021 2:24am
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  • #117,293
  • Edited 3:50am Feb 23, 2021 2:33am | Edited 3:50am
Quoting DrDave
ToxicFakeTrader says {quote}[/size] {image} Ha-ha-ha-ha-ha! We all got a good laugh of those words coming from the TMS Thread Perverter! Sure, no NEED for adaptations--except for the people like the ToxicFakeTrader who can't make any profits using BigE's 5-method. So, he tries desperately to find something--ANYTHING--that will yield profits. You know, like the latest perversion that he posts about--the double Bolllinger bands. {image}And of course, there is the TMS EVO. Yet another joke that is not BigE's 5-method. Or how about the Blessing 3 EA?...
@DrDave -- I'm not gonna comment further on your post. You unwittingly inflict way more damage on yourself than what I could come up with...
  • #117,294
  • Feb 23, 2021 4:47am Feb 23, 2021 4:47am
Quoting tommydoginti
Reviewing FX savings in bank. Back then FX was for travel use and buy-and-hold. Spent almost the last cents ordering from overseas in Feb when the mask raid was on in HK. Strategy was fundamental + simple breakout. TMS is catching momentum of swing start, it gives similar signals to strategies of same principle. Interesting to see the entries align with the TMS TDI entry signals from breakout buys. Break/rejection + retest can be a better adaptation with TMS than simple breakout for better confirmation to reduce chance of drawdown and consolidation....
If a fake TMS guru, after "Studying all posts by BigE", comes up with a conclusion that TMS is a journey of BigE trading H4, then the stupidity is very real, not playing dumb. Well, what more can you expect?

Look at BigE's real trades, apart from the time of day he traded, it is obvious to see BigE uses some PA that are still frequently used by level and retest traders nowadays.
BigE has shown to us TMS can work on H4, H1 and M15 with live trades.

Swing highs and lows - BigE reminded multiple times to look out for levels and not buying into them. BigE's trades were often buying away. Intentionally or not, those entries were from rejections after retests. Note that some modern break out strategies, are initiated by a (retest and) rejection of major level.
Momentum - #2617 "Burn it into your memory". RSI angles are driven by rate of change of price, in plain words it is MOMENTUM. A cross and a bounce indicates a momentum pick up. Simply look at how price change as TDI cross and bounce

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Spending 10 years and only learn "Stick to H4", lame.
  • #117,295
  • Feb 23, 2021 5:01am Feb 23, 2021 5:01am
What do ya'll think of the EURUSD? I still have some knowledge gaps on the TMS ways and would appreciate your take on it
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If you hang around 5 great traders you'll become the sixth
  • #117,296
  • Feb 23, 2021 5:05am Feb 23, 2021 5:05am
Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
EURUSD Feb 23 H4

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,297
  • Feb 23, 2021 5:05am Feb 23, 2021 5:05am
Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
USDCHF Feb 23 H4

- ....

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,298
  • Feb 23, 2021 5:06am Feb 23, 2021 5:06am
Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
GBPJPY Feb 23 H4

- ...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,299
  • Feb 23, 2021 5:08am Feb 23, 2021 5:08am
Quoting tommydoginti
{quote} If a fake TMS guru, after "Studying all posts by BigE", comes up with a conclusion that TMS is a journey of BigE trading H4, then the stupidity is very real, not playing dumb. Well, what more can you expect? Look at BigE's real trades, apart from the time of day he traded, it is obvious to see BigE uses some PA that are still frequently used by level and retest traders nowadays. BigE has shown to us TMS can work on H4, H1 and M15 with live trades. Swing highs and lows - BigE reminded multiple times to look out for levels and not buying into...

Hey Folks

Newbie ALERT!

A newbie @tommydogie with less than one year trading ... still has not manage to pick the pebble from sifu' hand.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,300
  • Feb 23, 2021 5:10am Feb 23, 2021 5:10am
Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.

EURNZD Feb 23 H4


- ...

Weekly is my Forest, H4 are just the Trees

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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