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Trading Made Simple

  • #118,341
  • Apr 30, 2021 5:23am Apr 30, 2021 5:23am
Quoting tommydoginti
Price may go further down as no strong reversal signal yet. green pips and nice weekend {image}
okay that spike back up was strong! Glad I missed that.

this is what I was looking at when decided to exit on top of happy Friday evening and wanted to get out of market.

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  • #118,342
  • Apr 30, 2021 5:26am Apr 30, 2021 5:26am
GU Apr30

- the Month End shadow trading

- Daily 10ema bounce

- H4 the 50ema bounce

- H1 reaction BRN 1.3900

*CONFLUENCE of "support & resistance" with BRN

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,343
  • Apr 30, 2021 2:56pm Apr 30, 2021 2:56pm
Quoting emmanuel7788
April 30 Month End "shadow trading' - today is the last trading day of the Week and also the Month - it is shadow trading day. - why 99% of TMS traders will lose today... "The brutal truth of day trading" { here } very interesting thread with many different perspective from some very experienced members and traders. The hard truth. {image}

New York closing soon.

What a great month-end shadow trading for all you EurUsd sellers.

Well done!

next month we BRN 1.2000 and 1.1900 better check US markets in May

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,344
  • Edited 3:41pm Apr 30, 2021 3:13pm | Edited 3:41pm
Quoting emmanuel7788
GU Apr30 - the Month End shadow trading - Daily 10ema bounce - H4 the 50ema bounce - H1 reaction BRN 1.3900 *CONFLUENCE of "support & resistance" with BRN
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{image}

GU closing Apr30

to all my UK buddies who caught the 'falling knife' trade at 1.3900 it is time to take the 'money and run'.

there won't be any 'dead-cat bounce' at this time.

come back on Monday and check the weekend gap first for Monday day-trading. Some markets are close on Monday.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,345
  • Apr 30, 2021 4:02pm Apr 30, 2021 4:02pm
Quoting Tekkies
{quote} If this thread is not about the TDI crossover, what is it about then? If you do respond, use only BigE's posts in this thread and please make sure you refer to other posts where TDI is not used or mentioned to explain this method. Neither you nor Realjumper has explained why this thread is not about TDI green cross read. Before I forget. Please post my TE to redicule me and while you do that explain to the readers why you are not having a live running TE linked to what you post in this thread. Better just post a floating man when you have...

hey Tekkies

how do you feel now after April month-end closing?

what lessons have your learned after 5 months? see Post#495.

did you see there is a lot more than just trading TDI cross. Do you want some real-time live market lessons how to apply Post#647 when you see TDI cross on your charts.

first revision lesson for you who have not achieved Post#495.
step_1 follow Big E' posts like you always tell members here. Follow Post#261 and do not add anything including any of you own changes. Go back to the basics.

I'll come back to the TE subject later and I have many questions to better understand the way you trade your M15H1 TDI cross.

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Have a good one!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,346
  • May 1, 2021 2:56am May 1, 2021 2:56am
Quoting emmanuel7788
{quote} hey Tekkies how do you feel now after April month-end closing? what lessons have your learned after 5 months? see Post#495. did you see there is a lot more than just trading TDI cross. Do you want some real-time live market lessons how to apply Post#647 when you see TDI cross on your charts. first revision lesson for you who have not achieved Post#495....
Am trying to trade like you.
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  • #118,347
  • May 1, 2021 3:14am May 1, 2021 3:14am
Quoting Tekkies
{quote} Am trying to trade like you.

{image}
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hey Tekkies

but you are the one who lost money and got margin call again. I did not. I have a recovery system strategy when I have to cut-losses. You do not have any recovery system when you trade TDI cross blindly.

since you post my old TE, here it the link to that famous thread.

https://www.forexfactory.com/thread/...0#post11834080

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now let's discuss how you can recover from the drawdown starting May 2021 and we shall see how many trades / months you can at least make the effort to trade like Big E and make back some money. Full recovery of the previous months drawdowns is unlikely. You have to write-off the losses and start all over again in your case.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,348
  • May 1, 2021 3:23am May 1, 2021 3:23am
Quoting Tekkies
{quote} Am trying to trade like you. {image}


hey Tekkies

why did you keep buying multiple positions M15H1 yesterday when EU H1' TDI green cross red DOWN and the HA candles price action was below its 5EMA (Post#261)?

it was another month-end 'falling knife' shadow trading.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,349
  • May 1, 2021 3:46am May 1, 2021 3:46am
Quoting Tekkies
{quote} Am trying to trade like you. {image}

hey Tekkies

I don't think you were trying to trade like me. You have not mastered Big E trading his 5-Method yet.


Here is Big E Post#2617:
https://www.forexfactory.com/thread/...18#post4619118

Have you figured out how Big E trade without the TDI?

He posted many training charts. You can study his training charts this weekend and when you have questions, I will be here to help explain how to trade without the TDI as a first step.
Be patient and stop acting rash again.

========================
Alright all you party animals trying to recover from last night... or longer...

Last couple of pages has covered many different topics... well, touched base anyway....

2scoops... on post 2594...

2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?

Read above...

I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too...

There is a handful who trade it correctly here who are rewarded nicely...
========================
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,350
  • May 1, 2021 4:05am May 1, 2021 4:05am
Quoting Tekkies
{quote} Am trying to trade like you. {image}

hey Tekkies

before you can trade like me, you have first to read Big E' posts and follow his advice.

I follow this Post#281 below and when I do any day-trading, I will follow the 4hr during London session.
It is very simple and easy too, just look at your H4 chart and follow Post#261 and then you can trade your M15 and/or H1 price action with TDI as MOMENTUM but always follow the H4, and use H4 as your Primary (Dominant) trend. For higher probability trade setups, you can also consider to lokk at your Daily TMS chart template.
You will not find many trade opportunities everyday when you trade only EurUsd therefore you can consider other pairs too like GbpUsd, UsdCad, UsdJpy, EurJpy,...

https://www.forexfactory.com/thread/...24#post4576024

Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.

*Remember each H4 swing run 3 to 8 candles , that is Big E' post too.
But he did not warn people how to check if H4 is narrow range. He only looked at HA candle body size and it must be be medium size or larger.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,351
  • May 1, 2021 9:01am May 1, 2021 9:01am
Expectancy = (average $ winners * win % + average $ losers * lose %)/ (-average $ losers)
This metric is useful since it is a risk-adjusted value. It basically states for every dollar you risk, what is your expected return? So with an expectancy of 0.2, you’d expect to receive 20 cents in gains for every $1 you put at risk. This expectancy has been heavily touted by trading psychologist and educator Dr. Van Tharp, so we can
refer to this calculation as “Tharp Expectancy.” it is much more valuable than the basic Expectancy method of calculating expectancy.
For the Tharp Expectancy, I generally look for values greater than 0.1. Anything below this threshold will be difficult to trade and likely will demand too much risk for too little reward.
MA provides the market's current direction and strength.
  • #118,352
  • May 1, 2021 9:26am May 1, 2021 9:26am
Quoting Tekkies
{quote} If this thread is not about the TDI crossover, what is it about then? If you do respond, use only BigE's posts in this thread and please make sure you refer to other posts where TDI is not used or mentioned to explain this method. Neither you nor Realjumper has explained why this thread is not about TDI green cross read. Before I forget. Please post my TE to redicule me and while you do that explain to the readers why you are not having a live running TE linked to what you post in this thread. Better just post a floating man when you have...
Hi tekkies
MY recommendations is stop using TMS method, It has been years now I am openly challenging TMS traders to show One year live account trading performance in fxblue, No one is able to do this, At list you have started but you couldn't performed well long.

My recommendations use some moving average to ride the trend close the trade when you see momentum is losing. with more than 1 to 1 RR you will be in profitable in long run. Yes your win rate will be much lower but in the end your account will be in profit.
you could use one indicator in the below window for entry but don't use tdi or stoch.

Some people here in ff tried to make BigE as a trading guru but truth is BigE was not guru he shared what he knows about the market. You have to consider he was very old man when he started trading fx. That time lot of new traders make him popular in FF but most of them lose their trading interest soon and lost lot of money.

we can read BigE post for general knowledge but not for real account trading. I know lot of people will hate me for telling the truth but I am saying the truth.
MA provides the market's current direction and strength.
  • #118,353
  • May 1, 2021 5:30pm May 1, 2021 5:30pm
Quoting hasib
Expectancy = (average $ winners * win % + average $ losers * lose %)/ (-average $ losers) This metric is useful since it is a risk-adjusted value. It basically states for every dollar you risk, what is your expected return? So with an expectancy of 0.2, you’d expect to receive 20 cents in gains for every $1 you put at risk. This expectancy has been heavily touted by trading psychologist and educator Dr. Van Tharp, so we can refer to this calculation as “Tharp Expectancy.” it is much more valuable than the basic Expectancy method of calculating expectancy....


there is a lot more to this Expectancy subject the people here need to learn.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,354
  • May 1, 2021 5:42pm May 1, 2021 5:42pm
Quoting hasib
{quote} Hi tekkies MY recommendations is stop using TMS method, It has been years now I am openly challenging TMS traders to show One year live account trading performance in fxblue, No one is able to do this, At list you have started but you couldn't performed well long. My recommendations use some moving average to ride the trend close the trade when you see momentum is losing. with more than 1 to 1 RR you will be in profitable in long run. Yes your win rate will be much lower but in the end your account will be in profit. you could use one indicator...
hey hasib

But Tekkies was not trading TMS' 5-Method.

He did not understand all what Big E posted in this thread and what Trading Made Simple really is.

What do you think about this - trading should be treated as a business?

Big E never once mentioned that trading was a business to him. He was in it because he enjoyed the fun and it kept his mind active. Trading forex was for entertainment and relaxation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,355
  • May 2, 2021 8:57am May 2, 2021 8:57am
listen to your stupid guru, trade daily and weekly chart !!
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MA provides the market's current direction and strength.
  • #118,356
  • May 2, 2021 10:39am May 2, 2021 10:39am
Quoting emmanuel7788
{quote} hey hasib But Tekkies was not trading TMS' 5-Method. He did not understand all what Big E posted in this thread and what Trading Made Simple really is. What do you think about this - trading should be treated as a business? Big E never once mentioned that trading was a business to him. He was in it because he enjoyed the fun and it kept his mind active. Trading forex was for entertainment and relaxation.
Emmanuel,

Where is your own TE ?

Who allow you to give lessons to someone else, who do you think you are ?

Just curious, because from my point of view you have just TRY to take Eelfranz place, you have cannibalized his thread.
  • #118,357
  • May 2, 2021 6:32pm May 2, 2021 6:32pm
Quoting hasib
listen to your stupid guru, trade daily and weekly chart !! {image}

I don't think Big E would trade daily and weekly TSLA if he is alive today.

He was trading stock market for 10 years.

Do Not put all your eggs in one basket.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,358
  • May 2, 2021 6:53pm May 2, 2021 6:53pm
Quoting neosqualls
{quote} Emmanuel,

Where is your own TE ?

.
hey @neosqualls

you asked where is my TE (Trade Explorer)?

did you read all the posts from November 2020?
start with this post and work your way back and then froward. Lots of fun during that period.
https://www.forexfactory.com/thread/...7#post13273787

1) Are you trading original BigE's TMS way? One, Two and ThreeIf you are and if you post your charts and trades here for discussion, I will consider adding you to my 'buddy list' so that you can view my TE in Forex Factory.


2) Or, if you are doing system development and trading TMS EVO-II (2021-2022), I will consider and add you to FxBlue to follow my trades live.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,359
  • May 2, 2021 7:09pm May 2, 2021 7:09pm
Quoting neosqualls
{quote} Who allow you to give lessons to someone else, who do you think you are ?
hey @neosqualls

you asked: Who allow me to give lessons to someone else, who do you think you are.

Chinese ancient wisdom
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,360
  • May 2, 2021 7:17pm May 2, 2021 7:17pm
Quoting neosqualls
{quote} Emmanuel, ....Just curious, because from my point of view you have just TRY to take Eelfranz place, you have cannibalized his thread.

hey @neosqualls

you are curious and you formed an opinion while being curious.

well different people in different emotional states form different opinions.

Tekkies provided a link to this website:
#97,085
https://www.forexfactory.com/thread/...7#post12367177
Some advice for TDI indicators
https://forex-station.com/viewtopic....38#p1295362638

that website says different about a good man named Emmanuel, and he continue the legacy of Big E.

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