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Trading Made Simple

  • #117,401
  • Feb 26, 2021 3:35am Feb 26, 2021 3:35am
Quoting fabio.g
{quote} well as you might remember, we have been interchanging messages on blessing. now I have been trading with blessing for a while, with good results, but i trade high timeframes and i try to capture 20-25 per trade. considering that on the 10 pairs, i trade, that means max 6 cycles per week. I will not get rich in a month but i should be able to compound till a point to reach a passive income keeping the down side controlled around 10-55%, per pair. yes it is a lot but I doubt that with blessing, in full auto, it is possible to get any better....

Hi Fabio

Yes, I recall our discussions on Blessing3.

But, I have to make it clear that in this Trading Made Simple thread, I do not use Blessing3 to trade in its original full auto-mode. I traded with Blessing3 for more than 10 years and I have been active in the jtatoday forum for that long number of years and get to know the development team well and they have helped me a lot.

When I mentioned Blessing3 in this forum, some members jumped to conclusion that I trade Blessing3 as a auto-trading robot. These members were all wrong.
I use the trade management features of Blessing3 as my trade manager.
Reason I for this is when the OP Big E mentioned that he was going to test trading the Daily chart, he said to use the TDI green cross red for entry and to exit when the green crosses the red again in the opposite direction. His Post #8703. Based on this and also his trades on Weekly chart, I develop a swing trading strategy using Daily and Weekly and incorporated the Blessing3 trade management into my system.
This is not full auto-trading robot, only the trade management after I initiate the trade direction and the first trade basket using Blessing FMC setting.

I will share more details later when there is more interest in swing trading with TMS 5-Method.

Meantime we can still trade TMS 5-Method H4 and H1.

Trade Well and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,402
  • Feb 26, 2021 5:22am Feb 26, 2021 5:22am
TMS Monitor Feb26 H1

- using the Prev Slope vs Curr Slope

- this is one way I use the TMS Monitor to scan and look if I can take a H1 trade in the direction of the H4

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Feb26 H1 PSpope vs CSlope 26-2-2021 7-19-29 pm.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,403
  • Feb 26, 2021 9:12am Feb 26, 2021 9:12am
Trends exist because of fundamental reasons. if we try to trade the trend we may lose 70% of the trade but 30% of the trade will make us recover the loss and help to generate a good amount of profit.

so just take 70% of the trend reversal trade and posting pictures will not give actual facts.
Developing a trend-based trading system is better than developing a reversal trading system.
it is also true we may right about the directions wrong about the trade.
MA provides the market's current direction and strength.
  • #117,404
  • Feb 26, 2021 9:22am Feb 26, 2021 9:22am
gold H4 tf. The beginning of the week's up move was a pullback. that pullback helps experienced traders to sell at a good price.
No matter what system you and I use pullback is a pullback, TC is TC.
LM is LM.
if we add 5 indicators or 10 indicators it doesn't matter LM will destroy your account if you don't understand How to handle LM. switching tf to tf will not always help.

Let me ask you questions when you trading are you looking for a good trade setup or you look for focus tf.
if you say you will search for focus tf. I will say your a student of multiple timeframes, multiple time frame will confuse you, you will fail to execute your trade in good setup because of conflicting information in different tf.

Don't get me wrong using mtf is good but using too many tf is bad that is what I am saying here.
Attached Image (click to enlarge)
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MA provides the market's current direction and strength.
  • #117,405
  • Feb 26, 2021 9:47am Feb 26, 2021 9:47am
A beautiful little triangle breaks with the trend.
I draw possible measured move target.
Attached Image (click to enlarge)
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MA provides the market's current direction and strength.
  • #117,406
  • Feb 26, 2021 11:14am Feb 26, 2021 11:14am
Through the mid-1980s technical analysis was considered only as chart interpretation. In the equities industry, that perception is still strong. Most traders begin as chartists, and many return to it or use it even while using other methods. William L. Jiler, a great trader and founder of Commodity Research Bureau, wrote:

One of the most significant and intriguing concepts derived from intensive chart studies by this writer is that of characterization or habit. Generally speaking, charts of the same commodity tend to have similar pattern sequences which may be different from those of another commodity. In other words, charts of one particular commodity may appear to have an identity or a character peculiar to that commodity. For example, cotton charts display many round tops and bottoms, and even a series of these constructions, which are seldom observed in soybeans and wheat. The examination of soybean charts over the years reveals that triangles are especially favored. Head and shoulders formations abound throughout the wheat charts. All commodities seem to favor certain behavior patterns.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Reversal-Forex-Chart-Patterns-Cheat-Sheet.png Size: 57 KB
Click to Enlarge Name: 464606d4b63d2e91a39ce6ac58321d05.jpg Size: 62 KB
MA provides the market's current direction and strength.
  • #117,407
  • Feb 26, 2021 12:07pm Feb 26, 2021 12:07pm
Attached Image (click to enlarge)
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MA provides the market's current direction and strength.
  • #117,408
  • Feb 26, 2021 7:33pm Feb 26, 2021 7:33pm
Quoting hasib
{image}


I look at Weekly chart for the Market Type conditions.

It is those narrow ranged sideways Market Type that many swing traders will find difficulty with. When you do not see positive CashFlow in 10 to 20 trading days, that is when you know it is narrow range sideways. Get out and Wait.

Trading the Trending Weekly is easy but you first need to spot them early. You need to build up positions and Let Profits Run.

The Wide Range Sideways Market type that will make more money when you can Trade Both Ways TBW. Cut-Loss is also easy ... 2 weekly bars high or low, when you are wrong. CashFlow is good and you will see positive CashFlow every 10 to 20 trading days, 2~4 weeks.

Trading Made Simple Evolution 20-Trading Days Cycle.

Attached Image (click to enlarge)
Click to Enlarge Name: hasib weekly chart 27-2-2021 9-18-02 am.png Size: 149 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,409
  • Edited 8:16pm Feb 26, 2021 7:58pm | Edited 8:16pm
Quoting Tekkies
{quote} ...
Robots only target those that does not agree on how he sees the world. What good has he posted in this thread? a Couple of posts back he stated he is only posting "I'm here on this thread only to distract the misfits and offer support to @emmanuel7788 -- who is the real deal."
Rather a narrow viewpoint. The "misfits" has him on ignore and don't responded to his post's so who is he really distracting/harming: > those that do come here to gain some understanding about trading this method.

Emmanuel is not the real deal according to what BigE's has posted. Nowhere is there any mention of TDI green angle, stoch confirm, support/resistance level and the rest of BigE's post. "Swicth to H4 and D1" is not the only post's by BigE.

Come to think about it Jmn, Emmanuel post so many chart's you don't have to use MT4 trading platform, come to TMS with a cellphone, view charts and phone broker.



@Tekkies

Why does it matter so much to you what other members say about me and being the real deal?

What matters should be YOUR own trading and What the "void" left behind by Big E and When and What and How you fill that "void' with. End of the Day, are you making money consistently since you started in March 2016.

It is Feb27 2021 and New York Closed, it is 3 months since Dec05 2020. Look at your own trading for these 3 months. Have you completely filled that "void" which you think Big E left here when he died?

Tekkies Post#76,129 Feb 21, 2017

[quote=Tekkies;9576878]{quote} Hi marionetka ...

BigE have left a void behind that members need to full on their own. Emmanuel filled that void and did it very good. Somewhere along the way he lost track that he is dealing here mostly with members that do not know how to trade at all. Members that have learned from BigE and emmanuel have moved on and left this forum.

Most probable successful traders in own right. Those old members are replace by new members that do not know how to trade. Every couple of days / weeks the cycle repeat it self. So after many years the level of traders in this thread is still at the level of a new member. The subject / topic's that emmanuel is posting now is advance forex trading.

How long did it take you to understand all the point's in post#647. I did not even looked at ME/ME for that level of trading is above me and the little I know.
Do I enjoy those post fighting with emmanuel about keeping it BigE's way. No I do not.

Anway, yes let us discuss #647 in a way the members new to this thread can understand

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,410
  • Feb 26, 2021 8:14pm Feb 26, 2021 8:14pm
Quoting emmanuel7788
TMS Monitor Feb26 H1 - using the Prev Slope vs Curr Slope - this is one way I use the TMS Monitor to scan and look if I can take a H1 trade in the direction of the H4 {image}
Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Feb26 H1 PSpope vs CSlope 26-2-2021 7-19-29 pm.png Size: 41 KB


Hey Folks

how many of you took H1 trades based on the TMS Monitor H1 alerts comparing Prev Slope and Curr Slope?

Out of the 5 highlighted, 3 winners and that is 60:40.

Use those trading tools which other members have developed and shared here over the years after Big E passed away. Use them wisely to make your trading life easier. The legacy of Big E lives on and our objectives are the same, we are here to trade his 5-Method and to make money.

Be prepared for the New Covid19 Economy. Many jobs will be at stake! Many will have to learn news skills to survive in the new economy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,411
  • Feb 26, 2021 8:47pm Feb 26, 2021 8:47pm
Quoting MalvernTrust
{quote} Thank you Sir, Any views on GBPJPY , is it a right time to short !? or more confirmation required.

GBPJPY Week08 Feb26 New York Closed.

With NY Close and End-of-Month,

we update our Big Picture and do our Weekly Top Down Analysis.

W1 pull-back at the RN150.50 which is also a historical rice swing level going back to 2018.04.01.

We shall see what the impact next week would be going forward after Japan's Aso and Kuroda statements made mid-week.

GBP still looking stronger at the moment against the USD, EUR, AUD, CAD and NZD.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Feb27 NYClose Weekly Big Picture 27-2-2021 10-35-53 am.png Size: 22 KB


Long Swing Traders, ... Buying GBPJPY next week open would mean your initial Stop Loss risk "R" is previous two-weeks low...440 pips below the prev-2 Weekly HA candle open.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Weekly buy build positios 27-2-2021 10-45-46 am.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,412
  • Feb 27, 2021 1:48am Feb 27, 2021 1:48am
Quoting emmanuel7788
{quote} Hi Fabio Yes, I recall our discussions on Blessing3. But, I have to make it clear that in this Trading Made Simple thread, I do not use Blessing3 to trade in its original full auto-mode. I traded with Blessing3 for more than 10 years and I have been active in the jtatoday forum for that long number of years and get to know the development team well and they have helped me a lot. When I mentioned Blessing3 in this forum, some members jumped to conclusion that I trade Blessing3 as a auto-trading robot. These members were all wrong. I use the...
Hi,
that is what I am looking for, a manual entry system and blessing as trade manager. I have tried several systems and also tried to develop my on strategy, but since right now trading is a side gig, it is difficult to be consistent. I prefer higher time-frames, at least in my experience are more consistent, but I am always willing to try and explore.
  • #117,413
  • Feb 27, 2021 4:48am Feb 27, 2021 4:48am
Quoting emmanuel7788
{quote} I look at Weekly chart for the Market Type conditions. It is those narrow ranged sideways Market Type that many swing traders will find difficulty with. When you do not see positive CashFlow in 10 to 20 trading days, that is when you know it is narrow range sideways. Get out and Wait. Trading the Trending Weekly is easy but you first need to spot them early. You need to build up positions and Let Profits Run. The Wide Range Sideways Market type that will make more money when you can Trade Both Ways TBW. Cut-Loss is also easy ......
excellent explanation but people will not learn from it they are too busy hating other people.

BTW
gold 1765 could act as a role reversal
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.png Size: 26 KB
MA provides the market's current direction and strength.
  • #117,414
  • Feb 27, 2021 7:35pm Feb 27, 2021 7:35pm
Quoting hasib
{quote} excellent explanation but people will not learn from it they are too busy hating other people. BTW gold 1765 could act as a role reversal {image}

XAUUSD February Month-End

- between now and 1562 , anything can happen in the LTF, I see 1532 and 1517/1576

- I stick with my Daily chart trading and it is sell mode

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Feb28 market closed 28-2-2021 9-27-55 am.png Size: 23 KB


Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Feb28 Daily TMS 28-2-2021 9-31-35 am.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,415
  • Feb 28, 2021 4:57am Feb 28, 2021 4:57am
Quoting fabio.g
{quote} Hi, that is what I am looking for, a manual entry system and blessing as trade manager. I have tried several systems and also tried to develop my on strategy, but since right now trading is a side gig, it is difficult to be consistent. I prefer higher time-frames, at least in my experience are more consistent, but I am always willing to try and explore.

Hi Fabio

There are many traders here who are against average down, hedging and martingale .. here is s new thread with good sharing by experienced traders in this business.

"Opinions and Experiences with Hedging and Martingale" :
https://www.forexfactory.com/thread/...and-martingale

The OP of this thread Trading Made Simple thread traded with high risk 15% to 30% of his $10,000 account an he would placed 2 to 4 standard lost per single entry trade. Would you do the same? risking all in one single entry when you trade say the Daily and Weekly charts?

I would rather trade smaller positions and slowly build up my positions in multiple baskets when I see the market go in my favour.

The original Blessing3 can only do average down and it has many features to limit the drawdown when the retracements go deeper than we foresee. But when the market turns back around, we also need to average up with new positions/baskets and locking in profits taking advantage of the volatility of the swings and trend. Blessing3 can only do half the job. This is where you want to develop an EA to manage both the Average Down and Average Up when trading the higher timeframes like the Daily and Weekly.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,416
  • Feb 28, 2021 5:12am Feb 28, 2021 5:12am
Quoting emmanuel7788
{quote} {image} TMSTDI WatchDog also show the same "real deal" stuff Charts do not lie.... pay attention to details. 1) PA is REVERSAL candle 2) Stoch cross signal at the REVERSAL candle close. 3) TDI green price line cross red line later. {image} But be patient, tomorrow after market closed, I will refresh my charts and post update of the same charts when the TDI Red Green will repaint the RSI green price line. The "real deal" stuff will explain why 99% of TMS traders lose money and left this thread.
The TDI in Post#25 re-paints.

Therefore when we study old charts, all the TDI setups looks perfect.

Compare these two charts:

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Feb25 H4 trade update TP1 2 3 25-2-2021 6-22-05 pm.png Size: 48 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Feb 24 H4 TDI update 28-2-2021 7-07-28 pm.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,417
  • Feb 28, 2021 5:34am Feb 28, 2021 5:34am
Good post by hayseed

https://www.forexfactory.com/thread/...8#post13430698

"Opinions and Experiences with Hedging and Martingale" :

this why I would spend $50K every 3 years in this world's "glorified casino" and may win $400K again.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,418
  • Feb 28, 2021 11:48am Feb 28, 2021 11:48am
Quoting emmanuel7788
Good post by hayseed https://www.forexfactory.com/thread/...8#post13430698 "Opinions and Experiences with Hedging and Martingale" : this why I would spend $50K every 3 years in this world's "glorified casino" and may win $400K again.
we have to manage our loss professionally, we should be aggressive when market conditions are good and we should be less aggressive when market conditions are not that good. that is why I don't like the daily trading profit goals. I think we should have a daily trading losing amount once our loss limit hit we should stop trading for that day. according to market conditions, we should adjust ourselves. Sometimes we should take profit when our targeted rr hit. sometimes we should just target one swing some time we should trade multiple swings with multiple open trades. Before we develop our system we should understand what really we want from our system. To understand what system we should develop we have to read books and concepts, that concept will shape our thought. For example, if anyone inspires by Fibonacci they will most like trade reversal, and those who are inspired by some trend continuations legendary traders, they will trade trend continuations. Nothing is wrong just we have to know our game.
there are many ways to trade.
Reversal trading
breakout trading
fakeout trading.
we just have to find our game and play the game
MA provides the market's current direction and strength.
  • #117,419
  • Feb 28, 2021 12:01pm Feb 28, 2021 12:01pm
Most traders fail because of no discipline!

A good thread you can read it.
MA provides the market's current direction and strength.
  • #117,420
  • Feb 28, 2021 2:26pm Feb 28, 2021 2:26pm
Quoting emmanuel7788
{quote} Hi Fabio There are many traders here who are against average down, hedging and martingale .. here is s new thread with good sharing by experienced traders in this business. "Opinions and Experiences with Hedging and Martingale" : https://www.forexfactory.com/thread/...and-martingale The OP of this thread Trading Made Simple thread traded with high risk 15% to 30% of his $10,000 account an he would placed 2 to 4 standard lost per single entry trade. Would you do the same? risking all in...
Hello Emmauel,
I am not quite sure why you are linking to the other trade. I am trying to learn here. When i speak of 15% dd, it is on a relatively small account, and trading 12 pairs, so it is cumulative. I let Blessing handle the averaging down, and I had positions when I think the market is turning in favour with a starting lot of 0.05. I calculate the my own risk.

I also believe that traders are free to play with their money the way they fill more appropriate. And I said I am here to learn, a trading system to had a new tool to my trading environment
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