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Trading Made Simple

  • #118,821
  • May 13, 2021 4:25pm May 13, 2021 4:25pm
Quoting mistdraw28
{quote} So bad !! I ignored yesterday's low was not broken. now -30 pips sl 50 pips tp 100 pips. hope not to be swallowed sl tomorrow when i wake up
hi mistdraw

there are days when the previous Day low can be broken too. It all a part of the learning experience. There is no 100% no matter how good the setup looks when we see them live in realtime market. Therefore I have 20 pairs to pick from and I trade several pairs during the my trading session/ hours.

yesterday was a good day as I closed those trades I posted here, some with re-entries after being stopped out.

day-trading contributed 63% to my daily average of my combined system strategy using basic TMS 5-Method. You need to look to the longer term results over a period of 3 years trading cycle.

my trade summary for May13 day trades. hope this will keep you motivated and keep on working harder every day to gain more experience and confidence.

Attached Image (click to enlarge)
Click to Enlarge Name: summary 13-5-2021 7-34-42 pm.png Size: 58 KB


Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,822
  • May 13, 2021 4:37pm May 13, 2021 4:37pm
Quoting Tekkies
{quote} You have been judge by a member that you did not like and posted redress of wrong. That member has the tendency to judge all members negatively that do not agree with him, like he is doing to Tommy, Tekkies everyday. In short, "tar with the same brush" means: Don't judge all people the same the same way.

@Tekkies

you are wrong AGAIN in your judgement as always. you have a mental bias.

this is a public forum we can have open and robust discussions.

learn to do THE WORK when your beliefs are no longer true.


THE WORK is by Bryon Katie

see my old post reply to you
https://www.forexfactory.com/thread/...66#post9676966
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,823
  • May 13, 2021 4:44pm May 13, 2021 4:44pm
Quoting Tekkies
{quote} I know Tommy.

It is so sad to see a person destroying what BigE has left behind for all to enjoy. I know that this method can be and is profitable.

Unfortunately, I fail time and again to prove it. Maybe you can deliver the required results using only what BigE has posted. Trade save.

..
hey @Tekkies

its time you take a giant step back and do self-evaluation why your failed year after year ... its has been 5 years trading the same 5-Method by Big E.

using only what Big E has posted and not having his 10+2+3 years trading experience is one of many reasons why you failed.

I call that #463# Limitations.

- self-sabotage

- there is no holy grail

- wrong TDI information

etc. etc. etc.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,824
  • May 13, 2021 5:52pm May 13, 2021 5:52pm
Quoting mistdraw28
{quote} Give me advice on this command I've seen A+++ before, is it true brother? GBPCAD. {image}

lets review GBPCAD knowing it is Friday and London will open and close as usual. I would close all 4H swing trades by the time London Closes.

- use simple tools provided by other experienced traders since Big E' time

TMS V19

- Trend 2/8 Weekly remains bearish but do you see a WRB or a WCC?
- TDiC1 Daily is bullish


- can you determine the market type based on Weekly?
- when these two do not agree, what are you trading tasks?
- how do you mitigate the risks above?


Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD May14 SYD 0845AM 14-5-2021 6-45-01 am.png Size: 89 KB


Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,825
  • May 13, 2021 5:55pm May 13, 2021 5:55pm
Quoting emmanuel7788
{quote} @Tekkies you are wrong AGAIN in your judgement as always. you have a mental bias. this is a public forum we can have open and robust discussions. learn to do THE WORK when your beliefs are no longer true. THE WORK is by Bryon Katie see my old post reply to you https://www.forexfactory.com/thread/...66#post9676966
Quoting emmanuel7788
{quote} hey @Tekkies its time you take a giant step back and do self-evaluation why your failed year after year ... its has been 5 years trading the same 5-Method by Big E. using only what Big E has posted and not having his 10+2+3 years trading experience is one of many reasons why you failed. I call that #463# Limitations. - self-sabotage - there is no holy grail - wrong TDI information etc. etc. etc.
Are you bickering or flapping lips?
  • #118,826
  • May 13, 2021 6:01pm May 13, 2021 6:01pm
Quoting Tekkies
{quote} {quote} Are you bickering or flapping lips?

hey @Tekkies

> self-sabotage is no.1

> UNhappiness is another reason.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,827
  • May 13, 2021 6:07pm May 13, 2021 6:07pm
EURUSD Friday May 14 Sydney 9AM

-



Attached Image (click to enlarge)
Click to Enlarge Name: EU May14 H4 V19 14-5-2021 7-04-10 am.png Size: 74 KB

which system do I trade this Market Type?
> TMS, TMS-II, TMS EVO or TMS_EVO_IX?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,828
  • May 13, 2021 9:08pm May 13, 2021 9:08pm
Quoting emmanuel7788
{quote} hi mistdraw there are days when the previous Day low can be broken too. It all a part of the learning experience. There is no 100% no matter how good the setup looks when we see them live in realtime market. Therefore I have 20 pairs to pick from and I trade several pairs during the my trading session/ hours. yesterday was a good day as I closed those trades I posted here, some with re-entries after being stopped out. day-trading contributed 63% to my daily average of my combined system strategy using basic TMS 5-Method. You need to look...
EA THV works very well. Are there some orders you close manually?
  • #118,829
  • May 13, 2021 9:21pm May 13, 2021 9:21pm
Quoting emmanuel7788
{quote} lets review GBPCAD knowing it is Friday and London will open and close as usual. I would close all 4H swing trades by the time London Closes. - use simple tools provided by other experienced traders since Big E' time TMS V19 - Trend 2/8 Weekly remains bearish but do you see a WRB or a WCC? - TDiC1 Daily is bullish - can you determine the market type based on Weekly? - when these two do not agree, what are you trading tasks? - how do you mitigate the risks above? {image} Trade Well.
I was missing this problem! Thank Bro . GC transaction is wrong ! this morning when I woke up and SL was beaten.
- But why is TDIC1 D1 on my chart showing red? Did me correct something wrong? My settings are in the picture below!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: a2.png Size: 54 KB
  • #118,830
  • May 13, 2021 11:56pm May 13, 2021 11:56pm
Quoting mistdraw28
{quote} I was missing this problem! Thank Bro . GC transaction is wrong ! this morning when I woke up and SL was beaten. - But why is TDIC1 D1 on my chart showing red? Did me correct something wrong? My settings are in the picture below! {image} {image}
your screen looks messy with the resolution. are you using a 4K display?

you can place the Traders_Dynamic_Index onto your D1 chart and check

or place the TMS-Osc Histo on the D1 chart and confirm the TDIC1 Daily.

Attached Image (click to enlarge)
Click to Enlarge Name: TDI TMS-Osc Histo14-5-2021 12-52-55 pm.png Size: 20 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,831
  • May 14, 2021 12:02am May 14, 2021 12:02am
Quoting mistdraw28
{quote} EA THV works very well. Are there some orders you close manually?

Yes. I do 'overwrite' the trade manager under certain market situations.

for example:

- time-out when the trade did not move after a few hours, I manually close the positions

- when I see new potential of a bigger swing, I would close and re-open with larger position size

- when near to New York open and there is data release like NFP,

- when price consolidates and did not trigger the Capital Protection limit, I would close the positions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,832
  • May 14, 2021 12:18am May 14, 2021 12:18am
Quoting emmanuel7788
{quote} your screen looks messy with the resolution. are you using a 4K display? you can place the Traders_Dynamic_Index onto your D1 chart and check or place the TMS-Osc Histo on the D1 chart and confirm the TDIC1 Daily. {image}
Thank you ! I use a Microsoft Book laptop with a 13.5 in screen 3k resolution 3:2 aspect ratio. Your screen is 16:9 aspect ratio right? My desktop display is better, but lately I've been using my laptop a lot
  • #118,833
  • May 14, 2021 12:21am May 14, 2021 12:21am
Quoting emmanuel7788
{quote} Yes. I do 'overwrite' the trade manager under certain market situations. for example: - time-out when the trade did not move after a few hours, I manually close the positions - when I see new potential of a bigger swing, I would close and re-open with larger position size - when near to New York open and there is data release like NFP, - when price consolidates and did not trigger the Capital Protection limit, I would close the positions.
Few hours passed in asia session, i saw weak earnings on friday today. You & I should wait for LO to see a faster move and trade setup is your opinion the same as mine bro ?
  • #118,834
  • May 14, 2021 12:26am May 14, 2021 12:26am
Quoting mistdraw28
{quote} Few hours passed in asia session, i saw weak earnings on friday today. You & I should wait for LO to see a faster move and trade setup is your opinion the same as mine bro ?

my pick for today H1 trading EURGBP while EURUSD and GBPUSD having its 'push-and-pull'.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,835
  • May 14, 2021 12:28am May 14, 2021 12:28am
Quoting mistdraw28
{quote} Thank you ! I use a Microsoft Book laptop with a 13.5 in screen 3k resolution 3:2 aspect ratio. Your screen is 16:9 aspect ratio right? My desktop display is better, but lately I've been using my laptop a lot
I wanted to buy the MS Book but changed my mind and bought Lenovo Yoga.

try this... DPI setting in your MT4 terminal properties.

Attached Image (click to enlarge)
Click to Enlarge Name: DPI setting MT4.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,836
  • May 14, 2021 12:42am May 14, 2021 12:42am
Quoting emmanuel7788
{quote} I wanted to buy the MS Book but changed my mind and bought Lenovo Yoga. try this... DPI setting in your MT4 terminal properties. {image}
it still doesn't change inside the MT4 screen
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2021-05-14 124004.png Size: 194 KB
Click to Enlarge Name: Screenshot 2021-05-14 124102.png Size: 1.5 MB
  • #118,837
  • May 14, 2021 3:13am May 14, 2021 3:13am
How Emotions Can Destroy a Trade
In day trading it’s immediately obvious: Your emotions can be your worst enemy. They’re usually counterproductive to all your day-trading efforts. As an amateur trader you learn right away that emotions are the bane of your strategies. The control or even the elimination of feelings should be the Holy Grail of day trading. If you’re out there high-strung, acting like a loose canon, you’re not day trading, you’re gambling. You’re not in control of your trade. You know when your feelings are wrecking a trade. You’re in one and it goes against you. You hold, and then you hold it for longer, and then you get mad at the stock. If you’re like me when I was a greenhorn, you might start to viciously mutter: “You better go back up, or I’ll throw this monitor out the window!” At one time or another, all day traders feel that way, and it leads to big trading mistakes. Though few of us ever smash up the equipment, when we feel that frustration we do have a tendency to actually break trading rules. We also tend to invent new rules that make no sense at all. To err is human ... We know, we know. Emotions are like frenzied little voices in your head. They get riled when things don’t go as planned. They’re the part of you that freaks at uncertainty. Well, uncertainty in day trading is a given, a fixture, so ... what can you do about that?! I’ve been struggling with that irony for my entire day-trading career. I can never make my feelings disappear. I’ve tried to rid myself of them, but they’re part of me, they’re permanent residents: They’re just as attached as my hands and my feet, and just when things start to get rough in a trade, just when I need to rely on my wits and not my proliferating angst, that’s when they make the most noise. I’ve learned that this problem must be dealt with proactively. The issue is just as threatening as hurricanes are to buildings. We have to construct strong defenses against our own primal reactions. In trading, as in any other worthwhile endeavor, both anxiety and acquisitiveness are instinctive and neither can be removed, but lessening their damage is crucial. We must learn to corral them and manage them, just like a highly skilled animal trainer who effectively reins in his beasts. I’ve identified the worst of the monsters. They are, as you’d probably guess, fear and greed. When I’m angry, depressed, desperate, or scared, those are the underlying factors.

"BOOK"
MA provides the market's current direction and strength.
  • #118,838
  • May 14, 2021 3:30am May 14, 2021 3:30am
Quoting emmanuel7788
{quote} Yes. I do 'overwrite' the trade manager under certain market situations. for example: - time-out when the trade did not move after a few hours, I manually close the positions - when I see new potential of a bigger swing, I would close and re-open with larger position size - when near to New York open and there is data release like NFP, - when price consolidates and did not trigger the Capital Protection limit, I would close the positions.
When I posted this, got the first 10 pips easily with the first candle in LO !
Attached Image (click to enlarge)
Click to Enlarge Name: a1.png Size: 103 KB
  • #118,839
  • May 14, 2021 3:30am May 14, 2021 3:30am
Quoting mistdraw28
{quote} it still doesn't change inside the MT4 screen {image} {image}

see this old post

https://www.forexfactory.com/thread/...7#post12877117
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,840
  • May 14, 2021 3:33am May 14, 2021 3:33am
Quoting mistdraw28
{quote} When I posted this, got the first 10 pips easily with the first candle in LO ! {image}

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